MERMAID SUBSEA SERVICES (UK) LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-02-20 (in 9mo)
Last made up 2026-02-06
Watchouts
None on the register
Cash
£1M
+27.9% vs 2023
Net assets
-£3M
-38.8% lowest in 4 filed years
Employees
9
+12.5% highest in 3 filed years
Profit before tax
—
Period ending 2024-12-31
Net assets
5-year trend · vs Industrials median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | |
| Operating profit | — | — | — | — | — | |
| Profit before tax | — | — | -£273,874 | — | — | |
| Net profit | — | — | -£273,874 | -£1,345,619 | -£758,302 | |
| Cash | — | — | £1,320,022 | £997,408 | £1,275,765 | |
| Total assets less current liabilities | — | — | — | -£1,952,527 | -£2,710,829 | |
| Net assets | £100,000 | — | -£606,908 | -£1,952,527 | -£2,710,829 | |
| Equity | £100,000 | -£333,034 | -£606,908 | -£1,952,527 | -£2,710,829 | |
| Average employees | — | — | 8 | 8 | 9 | |
| Wages | — | — | £424,978 | — | — | |
| Directors' remuneration | — | — | £300,000 | — | — |
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
—
Not reported
-
Cash
+27.9%
£997,408 £1,275,765
-
Net assets
-38.8%
-£1,952,527 -£2,710,829
lowest in 4 filed years
-
Employees
+12.5%
8 9
highest in 3 filed years
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 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Current ratio | — | — | — | 0.46x | 0.58x |
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 §1A
- Reporting scope
- Standalone (parent only)
- Abridged
- Yes — abridged accounts (limited disclosure)
- Auditor
- Hall Morrice LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors note that the business has net liabilities of £2,710,829. The company is supported through loans from the parent company, Mermaid Subsea Services (Thailand) Limited. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and Mermaid Subsea Services (Thailand) Limited will continue to support the company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”
Group structure
- MERMAID SUBSEA SERVICES (UK) LIMITED · parent
- Mermaid Subsea Services (Thailand) Limited 1%
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BUAKHUNNGAMCHAROEN, Phiboon | Director | 2021-10-01 | Aug 1974 | Thai |
| CORMACK, Scott | Director | 2021-09-28 | Apr 1973 | British |
| MAHAGITSIRI, Chalermchai | Director | 2020-02-07 | Nov 1978 | Thai |
| SIAL, Abrar Ahmad | Director | 2021-10-01 | Jun 1985 | Pakistani |
| WHILEY, Paul Burger | Director | 2021-10-01 | Dec 1967 | British |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MIDGLEY, Mark Leonard | Director | 2020-02-07 | 2020-09-17 |
| MOONIE, Fraser John | Director | 2021-09-28 | 2023-02-06 |
| SIAW, Vincent | Director | 2020-02-07 | 2021-10-12 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Memaid Subsea Services (Thailand) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2020-02-07 | Ceased 2020-02-07 |
Filing timeline
Last 20 of 29 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-24 | AA | accounts | Accounts with accounts type full | |
| 2025-02-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-13 | CH01 | officers | Change person director company with change date | |
| 2025-02-13 | CH01 | officers | Change person director company with change date | |
| 2025-02-13 | CH01 | officers | Change person director company with change date | |
| 2024-10-16 | AA | accounts | Accounts with accounts type full | |
| 2024-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-05-16 | AA | accounts | Accounts with accounts type full | |
| 2023-02-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-07 | TM01 | officers | Termination director company with name termination date | |
| 2022-05-30 | AA | accounts | Accounts with accounts type full | |
| 2022-04-26 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-02-21 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-10-14 | PSC08 | persons-with-significant-control | Notification of a person with significant control statement | |
| 2021-10-14 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2021-10-12 | TM01 | officers | Termination director company with name termination date | |
| 2021-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2021-10-08 | AP01 | officers | Appoint person director company with name date | |
| 2021-10-08 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- 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.