BORR DRILLING LAND SUPPORT LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +388.1%

  £7,215,370 → £35,221,649

• Cash

  -35.9%

  £939,673 → £602,527

• Net assets

  -83.5%

  £12,830,979 → £2,116,319

• Employees

  +8.7%

  69 → 75

• Operating profit

  +228.8%

  £230,993 → £759,513

• Profit before tax

  -91.1%

  £8,512,372 → £760,260

• Wages

  +22.8%

  £5,512,447 → £6,768,334

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. BORR DRILLING LAND SUPPORT LIMITED 2022-01-18 → present
2. PARAGON OFFSHORE (LAND SUPPORT) LIMITED 2014-04-29 → 2022-01-18
3. NOBLE DRILLING (LAND SUPPORT) II LIMITED 2013-10-11 → 2014-04-29
4. NOBLE DRILLING (SCOTLAND) LIMITED 2013-09-18 → 2013-10-11

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have received confirmation that the ultimate parent company, Borr Drilling Limited, will provide further funding to the Company as required for a period of at least 12 months after these financial statements are signed. For this reason, they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. BORR DRILLING LAND SUPPORT LIMITED · parent
   1. Paragon Offshore Management S. de R.L. de C.V 99% · Mexico · Management
   2. Paragon Offshore (Nederland) B.V 100% · Netherlands · Management/Operating
   3. Paragon Offshore Holdings US Inc 100% · Cayman · Holding
   4. Borr Drilling (US) Inc 100% · Cayman · Holding
   5. Paragon Offshore Leasing (Switzerland) GmbH 100% · Switzerland · Management
   6. Borr Arabia Well Drilling Services LLC 99% · Saudi Arabia · Management

Significant events

• “On March 31, 2025 Paragon Offshore Holdings US Inc (Delaware) was dissolved.”
• “The shares of the Company held by PIFCO were transferred to Borr IHC Limited on April 24, 2025.”
• “The Libya drilling contract for the Malta branch commenced on March 19, 2025”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

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