HELIX OFFSHORE SERVICES LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-18 (in 10mo)
Last made up 2026-03-04
Watchouts
None on the register
Cash
£11M
+1,043% vs 2023
Net assets
—
Equity attributable
Employees
—
Average over period
Profit before tax
£7M
+115.7% vs 2023
Net assets
2-year trend · vs Energy median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £68,240,000 | £37,833,000 | |
| Operating profit | -£39,023,000 | £11,128,000 | |
| Profit before tax | -£45,043,000 | £7,069,000 | |
| Net profit | -£33,941,000 | £5,449,000 | |
| Cash | £992,000 | £11,339,000 | |
| Total assets less current liabilities | £543,716,000 | — | |
| Net assets | £263,931,000 | — | |
| Equity | £263,931,000 | — | |
| Average employees | 0 | — | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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
-44.6%
£68,240,000 £37,833,000
-
Cash
+1,043%
£992,000 £11,339,000
-
Net assets
—
Not reported
-
Employees
—
Not reported
-
Operating profit
+128.5%
-£39,023,000 £11,128,000
-
Profit before tax
+115.7%
-£45,043,000 £7,069,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | -57.2% | 29.4% | |
| Net margin | -49.7% | 14.4% | |
| Return on capital employed | -7.2% | — | |
| Current ratio | 1.15x | 1.79x | |
| Interest cover | -6.44x | 2.73x |
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)
- Auditor
- Anderson Anderson & Brown Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “2025 is anticipated to be another strong year with the Q7000 working in Brazil on a long-term contract continuing into 2026. The Q7000 achieved 365 days utilisation in comparison to 264 days in 2023. The vessel departed for Brazil to commence a long-term contract with a major customer, arriving in January 2025.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PINSENT MASONS SECRETARIAL LIMITED | Corporate Secretary | 2019-03-15 | — | — |
| KRATZ, Owen Eugene | Director | 2019-03-15 | Jul 1954 | American |
| MCCAUL, Craig | Director | 2019-03-15 | Mar 1976 | British |
| NAIRN, Stephen | Director | 2019-03-15 | Jul 1959 | British |
| NEIKIRK, Kenneth English | Director | 2019-05-01 | Mar 1975 | American |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| JOHNSON, Alisa Berne | Director | 2019-03-15 | 2019-05-01 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Helix Energy Solutions Group, Inc | Corporate entity | Shares 75–100%, Voting 75–100% | 2019-03-15 | Active |
Filing timeline
Last 20 of 25 total filings
Material constitutional events — rename, articles re-file, resolution
- 2019-08-02 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-22 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-07-22 | AA | accounts | Accounts with accounts type full | |
| 2025-03-13 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-25 | SH01 | capital | Capital allotment shares | |
| 2024-09-10 | AA | accounts | Accounts with accounts type full | |
| 2024-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-30 | AA | accounts | Accounts with accounts type full | |
| 2023-03-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-11-07 | AA | accounts | Accounts with accounts type full | |
| 2022-07-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-07-13 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2022-03-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-06 | AA | accounts | Accounts with accounts type full | |
| 2021-03-15 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2021-01-27 | SH01 | capital | Capital allotment shares | |
| 2020-11-10 | AA | accounts | Accounts with accounts type full | |
| 2020-03-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2019-08-02 | SH01 | capital | Capital allotment shares | |
| 2019-08-02 | RESOLUTIONS | resolution | Resolution | |
| 2019-07-17 | SH01 | capital | Capital allotment shares |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 1
- 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.