OCEAN INSTALLER SURF UK LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  -100%

  £20,000 → £0

• Cash

  0%

  £19,000 → £19,000

• Net assets

  +3.8%

  £3,193,000 → £3,315,000

• Employees

  —

  Not reported

• Operating profit

  -5.6%

  -£18,000 → -£19,000

• Profit before tax

  -12.4%

  £186,000 → £163,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

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.

1. OCEAN INSTALLER SURF UK LIMITED 2013-09-25 → present
2. OCEAN INSTALLER SURG UK LIMITED 2013-09-25 → 2013-09-25
3. PACIFIC SHELF 1745 LIMITED 2013-06-17 → 2013-09-25

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As at 31 December 2024 the Company had net assets of £3.3m (2023: £3.2m). The Directors believe that preparing the financial statements on a going concern basis is appropriate due to the continued financial support of the Company's indirect parent undertaking, Ocean Installer Holding AS. The Directors have received written confirmation that Ocean Installer Holding AS will continue to support the Company for at least twelve months from the date of signing the financial statements.”

Significant events

• “Moreld Group AS acquired 100% of the share capital of Ocean Installer Holding AS on 28 June 2024.”
• “The acquisition of Ocean Installer expanded Moreld's service range into subsea engineering and construction services.”
• “On January 24, 2025, Moreld AS, the ultimate parent company in the Moreld group, placed a USD 130 million senior secured bond with a maturity of 5 years. Ocean Installer Surf UK Limited has acceded to the bond agreement as guarantor on similar terms as for the existing bond.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.