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Cash

£298K

+261.2% vs 2024

Net assets

£1M

-4% lowest in 3 filed years

Employees

10

+66.7% highest in 3 filed years

Profit before tax

-£44K

-19.8% lowest in 3 filed years

Accounts

3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31

Metric Trend 2023-12-312024-12-312025-12-31 Δ vs prior
Turnover £360,936£558,597£1,059,216 +89.6%
Operating profit -£12,642-£81,428-£81,593 -0.2%
Profit before tax £22,167-£36,440-£43,645 -19.8%
Net profit £18,246-£32,519-£43,645 -34.2%
Cash £690,811£82,448£297,768 +261.2%
Total assets less current liabilities £1,124,236£1,091,717£1,048,073 -4%
Net assets £1,091,717£1,048,073 -4%
Equity £1,124,236£1,091,717£1,048,073 -4%
Average employees 4610 +66.7%
Wages £243,423£420,181£710,527 +69.1%
Directors' remuneration £0£0

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 2023-12-312024-12-312025-12-31
Operating margin -3.5%-14.6%-7.7%
Net margin 5.1%-5.8%-4.1%
Return on capital employed -1.1%-7.5%-7.8%
Current ratio 43.75x30.96x20.01x

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)
Abridged
Yes — abridged accounts (limited disclosure)
Auditor
Shaw Gibbs (Audit) Limited
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The directors have considered the company's financial position, liquidity and future performance together with financial projections for the company over the foreseeable future and have also reviewed the ongoing committed financial support from the company's parent undertaking and are confident that this will be available for the foreseeable future. After making enquiries, the directors are satisfied that the company has sufficient resources to continue it's operation for the foreseeable future, being at least 12 months from the date of signing the financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

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

People

2 active · 3 resigned

Name Role Appointed Born Nationality
GUMMEDAL, Jon Are Director 2024-03-31 Nov 1975 Norwegian
HADDELAND, Øyvind Director 2024-03-31 Sep 1977 Norwegian
Show 3 resigned officers
Name Role Appointed Resigned
AMUNDSEN, Morten Director 2024-03-31 2025-12-23
NORDAL, Eivind Director 2014-11-05 2015-06-15
SEKKESÆTER, Geir Arvid Director 2014-11-05 2024-03-31

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Osm Offshore As Corporate entity Shares 75–100%, Appoints directors 2024-03-31 Active
Mr Geir Arvid Sekkesaeter Individual Significant influence 2016-04-06 Ceased 2024-03-31

Filing timeline

Last 20 of 35 total filings

Date Type Category Description
2026-05-22 AA accounts Accounts with accounts type full
2025-12-29 TM01 officers Termination director company with name termination date PDF
2025-11-12 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-05-22 AA accounts Accounts with accounts type full
2024-11-06 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-07-22 AA accounts Accounts with accounts type full
2024-04-08 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2024-04-05 AP01 officers Appoint person director company with name date PDF
2024-04-05 TM01 officers Termination director company with name termination date PDF
2024-04-05 AP01 officers Appoint person director company with name date PDF
2024-04-05 AP01 officers Appoint person director company with name date PDF
2024-04-05 PSC07 persons-with-significant-control Cessation of a person with significant control PDF
2023-11-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-06-01 AA accounts Accounts with accounts type full
2022-11-14 CS01 confirmation-statement Confirmation statement with no updates PDF
2022-07-29 AA accounts Accounts with accounts type full
2021-12-06 AD01 address Change registered office address company with date old address new address PDF
2021-11-16 CS01 confirmation-statement Confirmation statement with no updates PDF
2021-09-16 AA accounts Accounts with accounts type full
2020-12-13 CS01 confirmation-statement Confirmation statement with no updates PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings
3

last 12 months

Capital events
0

last 24 months

Officers appointed
0

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.

Official Companies House page