BW OFFSHORE CATCHER (UK) LIMITED
A UK subsidiary of the Oslo-listed BW Offshore group, the company operates the BW Catcher floating production storage and offloading vessel in the North Sea.
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Cash
£20m
USD 27,344,000
-28.9% vs 2024
Net assets
£5.7m
USD 7,670,000
-66.6% lowest in 3 filed years
Employees
0
Average over period
Profit before tax
£4.8m
USD 6,397,000
-4.6% vs 2024
Net assets
3-year trend · vs Industrials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | £208,979,562 | £212,680,788 | £178,948,346 | -15.9% | |
| Operating profit | £3,280,565 | £3,442,586 | £3,305,834 | -4% | |
| Profit before tax | £4,242,289 | £4,984,764 | £4,754,366 | -4.6% | |
| Net profit | £3,216,648 | £3,759,941 | £3,503,530 | -6.8% | |
| Cash | £16,970,643 | £28,600,520 | £20,322,557 | -28.9% | |
| Total assets less current liabilities | £13,832,776 | £17,061,315 | — | — | |
| Net assets | £13,301,375 | £17,061,315 | £5,700,483 | -66.6% | |
| Equity | £13,301,375 | £17,061,315 | £5,700,483 | -66.6% | |
| Average employees | — | — | 0 | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | — | — | — |
Figures converted to GBP from USD at 0.743 per USD (Frankfurter spot rate) — hover any figure for the original. — 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 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Operating margin | 1.6% | 1.6% | 1.8% | |
| Net margin | 1.5% | 1.8% | 2.0% | |
| Return on capital employed | 23.7% | 20.2% | — | |
| Gearing (liabilities / total assets) | 75.7% | 66.5% | 85.0% | |
| Current ratio | 1.32x | 1.50x | 1.18x |
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.
Name history
Renamed 1 time since incorporation
- BW OFFSHORE CATCHER (UK) LIMITED 2014-03-26 → present
- KINBURN (187) LIMITED 2013-10-15 → 2014-03-26
Audit & accounting basis
- Accounting basis
- IFRS
- Auditor
- KPMG LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“On the basis of their forecast of profitable future trading and cash flows from the long term customer contract held by the company, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”
Significant events
- “The Company has provided an assignment of earnings and insurance proceeds to BW Catcher Limited's lender which can be called on if BW Catcher Limited defaults on the terms of its loan.”
- “On 7 May 2026, the Company signed an amendment agreement with its customer, ensuring continued operations until at least June 2030.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCAREAVEY, Michael Thomas, Mr. | Director | 2024-10-17 | Feb 1970 | British |
| SKJELØY, Asgeir | Director | 2022-09-13 | Jun 1974 | Norwegian |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MURRAY DONALD LLP | Corporate Secretary | 2013-10-15 | 2014-11-01 |
| THORNTONS LAW LLP | Corporate Secretary | 2014-11-01 | 2026-04-20 |
| ARNET, Carl Krogh | Director | 2014-03-26 | 2017-03-13 |
| BANNERMAN, Stuart Charles | Director | 2014-03-26 | 2016-03-01 |
| BEENEN, Marco | Director | 2017-01-01 | 2019-07-01 |
| BJORBEKK, Rune Odegard | Director | 2017-01-01 | 2019-07-01 |
| IKEDA, Kei, Mr. | Director | 2019-07-01 | 2024-10-17 |
| LANG, Alistair James | Director | 2013-10-15 | 2014-03-26 |
| LANGSRUD, Hans Kristian | Director | 2017-01-01 | 2024-07-08 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Bw Offshore Limited | Corporate entity | Shares 75–100% | 2016-04-06 | Active |
Filing timeline
Last 20 of 68 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-07-07 | AA | accounts | Accounts with accounts type full | |
| 2026-06-09 | TM01 | officers | Termination director company with name termination date | |
| 2026-06-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-20 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-08-25 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-07-17 | AAMD | accounts | Accounts amended with accounts type full | |
| 2025-07-15 | AA | accounts | Accounts with accounts type full | |
| 2024-11-11 | CH01 | officers | Change person director company with change date | |
| 2024-10-17 | AP01 | officers | Appoint person director company with name date | |
| 2024-10-17 | TM01 | officers | Termination director company with name termination date | |
| 2024-08-21 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-08-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-07-18 | MR01 | mortgage | Mortgage create with deed with charles court order extend with charge number charge creation date | |
| 2024-07-18 | MR01 | mortgage | Mortgage create with deed with charles court order extend with charge number charge creation date | |
| 2024-07-18 | MR01 | mortgage | Mortgage create with deed with charles court order extend with charge number charge creation date | |
| 2024-07-10 | AA | accounts | Accounts with accounts type full | |
| 2024-07-08 | TM01 | officers | Termination director company with name termination date | |
| 2024-06-17 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-06-12 | CH01 | officers | Change person director company with change date | |
| 2024-06-12 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 1
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.