Subsea 7 I-Tech Limited
Private Limited Company · Westhill
ActiveUnited KingdomIncorporated 2013Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£130,916,000
Cash
£165,000
Turnover
£103,939,000
Profit / loss
£13,312,000
Current assets
£122,921,000
Creditors < 1 year
£78,308,000
Equity
£130,916,000
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-31Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £130,916,000 | £121,199,000 |
| Equity | £130,916,000 | £121,199,000 |
| Share capital | £1,000 | £1,000 |
| Retained earnings | £117,141,000 | £103,829,000 |
| Assets | ||
| Fixed assets | £129,663,000 | £129,585,000 |
| Property, plant & equipment | £36,811,000 | £33,740,000 |
| Current assets | £122,921,000 | £101,522,000 |
| Cash at bank | £165,000 | £3,618,000 |
| Debtors | £111,731,000 | £85,984,000 |
| Stock | £3,815,000 | £2,659,000 |
| Liabilities | ||
| Creditors | £121,668,000 | £109,908,000 |
| Creditors within one year | £78,308,000 | £70,474,000 |
| Creditors after one year | £41,686,000 | £38,585,000 |
| Provisions | £744,000 | £795,000 |
| Profit & loss | ||
| Turnover | £103,939,000 | £112,525,000 |
| Cost of sales | £79,473,000 | £86,158,000 |
| Gross profit | £24,466,000 | £26,367,000 |
| Administrative expenses | £478,000 | £701,000 |
| Operating profit | £21,217,000 | −£13,836,000 |
| Interest receivable | £4,519,000 | £2,527,000 |
| Interest payable | £3,109,000 | £3,459,000 |
| Profit before tax | £23,087,000 | −£14,733,000 |
| Tax | £9,775,000 | £5,976,000 |
| Profit / loss | £13,312,000 | −£20,709,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor
- Ernst & Young LLP
- Audit opinion
- Clean (unmodified)
- Accounts
- FRS 101
- Approved
- 2026-09-10
Turnover by segment (18)
- Subsea and Conventional: 31,420 (000s) (2025-12-31)
- i-Tech Services: 28,417 (000s) (2025-12-31)
- Provision of Equipment: 28,489 (000s) (2025-12-31)
- Life of Field: 13,052 (000s) (2025-12-31)
- Personnel Services: 2,561 (000s) (2025-12-31)
- Subsea and Conventional: 39,011 (000s) (2024-12-31)
- i-Tech Services: 38,271 (000s) (2024-12-31)
- Provision of Equipment: 28,547 (000s) (2024-12-31)
- Life of Field: 4,009 (000s) (2024-12-31)
- Personnel Services: 2,687 (000s) (2024-12-31)
- United Kingdom: 64,597 (000s) (2025-12-31)
- Trinidad and Tobago: 32,864 (000s) (2025-12-31)
- Azerbaijan: 6,478 (000s) (2025-12-31)
- Suriname: - (000s) (2025-12-31)
- United Kingdom: 63,558 (000s) (2024-12-31)
- Trinidad and Tobago: 39,055 (000s) (2024-12-31)
- Azerbaijan: 9,111 (000s) (2024-12-31)
- Suriname: 801 (000s) (2024-12-31)
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
0 outstanding chargesNo charges available in our records.