SUBSEA ENGENUITY LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-07-16 (in 2mo)
Last made up 2025-07-02
Watchouts
None on the register
Cash
—
Latest balance sheet
Net assets
-£821K
-20.5% lowest in 4 filed years
Employees
3
-25% vs 2023
Profit before tax
-£358K
+23.2% vs 2023
Net assets
4-year trend · vs Industrials median
Accounts
4-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-06-30 | 2021-05-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | £63,343 | £157,122 | |
| Operating profit | — | — | -£466,170 | -£304,737 | |
| Profit before tax | — | — | -£466,170 | -£358,160 | |
| Net profit | — | — | -£511,852 | -£139,675 | |
| Cash | — | — | — | — | |
| Total assets less current liabilities | £17,686 | £13,907 | -£681,713 | £1,059,023 | |
| Net assets | £15,212 | £12,653 | -£681,713 | -£821,388 | |
| Equity | £15,212 | £12,653 | -£681,713 | -£821,388 | |
| Average employees | 1 | 1 | 4 | 3 | |
| Wages | — | — | £297,016 | £332,211 | |
| Directors' remuneration | — | — | £110,065 | £119,199 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+148%
£63,343 £157,122
-
Cash
—
Not reported
-
Net assets
-20.5%
-£681,713 -£821,388
lowest in 4 filed years
-
Employees
-25%
4 3
-
Operating profit
+34.6%
-£466,170 -£304,737
-
Profit before tax
+23.2%
-£466,170 -£358,160
-
Wages
+11.8%
£297,016 £332,211
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-06-30 | 2021-05-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Operating margin | — | — | — | -193.9% | |
| Net margin | — | — | — | -88.9% | |
| Return on capital employed | — | — | 68.4% | -28.8% | |
| Interest cover | — | — | — | -5.70x |
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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Saffery LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors are confident the Company has sufficient funds and group support to continue as a going concern for at least 12 months from the approval date, despite limited liquidity headroom in some scenarios, due to mitigating actions. The group completed refinancing on 19 September 2024, securing £95.0m committed facilities for 2024.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 8 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| HENDERSON, Richard | Director | 2017-07-03 | Mar 1983 | British |
| MACTAGGART, Dugald | Director | 2023-04-27 | Feb 1963 | British |
Show 8 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MARSH, James Henry John | Secretary | 2021-06-02 | 2022-09-01 |
| SPEIRS, Peter Alexander | Secretary | 2022-09-01 | 2022-12-31 |
| DAVIDSON, Jack Knarston Flett | Director | 2021-06-02 | 2023-01-30 |
| MARSH, James Henry John | Director | 2021-06-02 | 2022-12-06 |
| MARSH, Martin Graham | Director | 2021-06-02 | 2021-10-20 |
| MORGAN, Michael Graham | Director | 2017-07-03 | 2021-06-02 |
| PACITTI-SIMPSON, Celia Margaret Louise | Director | 2021-10-27 | 2023-06-02 |
| SPEIRS, Peter Alexander | Director | 2022-09-01 | 2022-12-31 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| James Fisher Holdings Uk Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-06-02 | Active |
| Mr Richard Henderson | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-07-03 | Ceased 2021-06-02 |
| Mr Michael Graham Morgan | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2017-07-03 | Ceased 2021-06-02 |
Filing timeline
Last 20 of 51 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-06-01 RESOLUTIONS Resolution
- 2023-06-01 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-03-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-11-20 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-07-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-08 | AA | accounts | Accounts with accounts type full | |
| 2024-11-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-11-21 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2024-10-10 | AA | accounts | Accounts with accounts type full | |
| 2024-10-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-24 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-07-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-07 | AA | accounts | Accounts with accounts type full | |
| 2023-08-04 | AA | accounts | Accounts with accounts type full | |
| 2023-07-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-06-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-06-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-06-01 | RESOLUTIONS | resolution | Resolution | |
| 2023-06-01 | MA | incorporation | Memorandum articles | |
| 2023-05-02 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- 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.