ROTECH SUBSEA LIMITED
Operating as a subsidiary of Rotech Holdings Limited, the company provides subsea support services for petroleum and natural gas extraction from its base in Aberdeen.
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Cash
£4.8M
+39.6% highest in 6 filed years
Net assets
£6.3M
-5% vs 2023
Employees
48
+26.3% highest in 6 filed years
Profit before tax
£1.4M
-12.2% vs 2023
Net assets
6-year trend · vs Energy median
Accounts
6-year trend · Δ = latest vs prior filed period · latest reflected 2024-12-31
| Metric | Trend | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-12-31 | 2023-12-31 | 2024-12-31 | Δ vs prior |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | £10,627,836 | £17,202,748 | +61.9% | |
| Operating profit | — | — | — | — | £1,617,778 | £1,424,287 | -12% | |
| Profit before tax | — | — | — | — | £1,603,339 | £1,408,099 | -12.2% | |
| Net profit | — | — | — | — | £1,432,857 | £1,167,820 | -18.5% | |
| Cash | £206,597 | £262,108 | £786,498 | £1,777,796 | £3,444,112 | £4,807,336 | +39.6% | |
| Total assets less current liabilities | £2,166,967 | — | — | — | £6,797,570 | £8,565,160 | +26% | |
| Net assets | £2,166,967 | — | — | — | — | — | — | |
| Equity | £2,166,967 | £2,041,391 | £3,213,746 | £5,242,581 | £6,675,438 | £6,343,258 | -5% | |
| Average employees | 17 | 21 | 28 | 33 | 38 | 48 | +26.3% | |
| Wages | — | — | — | — | £3,158,812 | £4,430,273 | +40.3% | |
| Directors' remuneration | — | — | — | — | £141,181 | £381,476 | +170.2% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-06-30 | 2020-06-30 | 2021-06-30 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | 15.2% | 8.3% | |
| Net margin | — | — | — | — | 13.5% | 6.8% | |
| Return on capital employed | — | — | — | — | 23.8% | 16.6% | |
| Current ratio | — | — | — | — | 1.00x | 0.99x | |
| Interest cover | — | — | — | — | — | 87.98x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- AAB Audit & Accountancy Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- ROTECH SUBSEA LIMITED · parent
- Rotech Subsea LLC 100%
Significant events
- “The financial year 2024 represented a period of exceptional growth and successful strategic execution, validating the group's investment strategy into fleet expansion through Rotech Engineering Limited.”
- “The company's strong performance is underpinned by its successful execution across international markets. A total of 87.7% of turnover was generated outside the UK during the period, demonstrating both the global demand for our specialised services and the successful execution of our global penetration strategy.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
7 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| STRONACHS SECRETARIES LIMITED | Corporate Secretary | 2016-09-08 | — | — |
| CARGILL, Kevin | Director | 2024-03-15 | Apr 1980 | British |
| COCHRANE, Stephen | Director | 2015-09-01 | Aug 1978 | British |
| GRAHAM, Martin Henry | Director | 2016-06-24 | Jul 1970 | British |
| HILL, Michael Colin | Director | 2016-06-24 | Jul 1968 | British |
| STEWART, Donald | Director | 2016-06-24 | Apr 1968 | British |
| STEWART, Kenneth Masson | Director | 2024-09-01 | Aug 1995 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BELL, George Somerville | Secretary | 2013-05-30 | 2016-09-08 |
| AITKEN, Steven George | Director | 2016-06-24 | 2018-07-20 |
| BELL, George Somerville | Director | 2013-05-30 | 2016-09-08 |
| STEWART, Kenneth Roderick | Director | 2013-05-30 | 2016-09-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Rotech Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 51 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-29 | AA | accounts | Accounts with accounts type full | |
| 2025-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-09-30 | AA | accounts | Accounts with accounts type small | |
| 2024-09-05 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-28 | AP01 | officers | Appoint person director company with name date | |
| 2023-09-29 | AA | accounts | Accounts with accounts type small | |
| 2023-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-24 | AA01 | accounts | Change account reference date company previous extended | |
| 2022-06-17 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-16 | AA | accounts | Accounts with accounts type small | |
| 2021-06-29 | AA | accounts | Accounts with accounts type small | |
| 2021-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-05-29 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2021-05-29 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2021-05-29 | 466(Scot) | mortgage | Mortgage alter floating charge with number | |
| 2021-05-26 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-06-02 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-03-27 | AA | accounts | Accounts with accounts type small | |
| 2019-05-31 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.