First Subsea Limited
02894198
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
30/04/2025
full
Next accounts due
31/01/2027
Confirmation statement
Last: 09/01/2026
Due 23/01/2027
Industry
Officers
director · Since 01/07/2019
FINANCE DIRECTOR
BRITISH · SCOTLAND · Age 38
Also on 5 other boards
director · Since 16/12/2021
DIRECTOR
BRITISH · SCOTLAND · Age 48
Also on 33 other boards
Persons with Significant Control
First Tech Limited
First Integrated House, Broadfold Road, Aberdeen, AB23 8EE
Reg: Sc282302 · Companies House · Private Limited Company
Notified 04/10/2025
Former PSCs
Mr Ian Alexander Suttie
Ceased 04/10/2025
Charges1 outstanding
CLYDESDALE BANK PLC (TRADING AS BOTH CLYDESDALE AND YORKSHIRE BANK) (COMPANY NUMBER SC001111)
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
THE GOVERNOR AND COMPANY OF THE BANK OF SCOTLAND
CompanyRankvs 77+ SIC 28220 peers65
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
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. Our responsibilities and the responsibilities of the directors with respect to going co
Key FinancialsYear ending 30/04/2025
Turnover
£25.2M
Annual revenue
Net Worth
£7.3M
Balance sheet strength
Cash
£1.8M
Cash in the bank
Profit Before Tax
£3.0M
Bottom line earnings
Net Current Assets
£5.1M
Working capital
Current Assets
£11.2M
Current Liabilities
£6.1M
Fixed Assets
£2.8M
Debtors
£9.2M
Cost of Sales
£15.4M
Gross Profit
£9.7M
Admin Expenses
£6.3M
Operating Profit
£3.5M
Profit After Tax
£2.8M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 1.83 |
Derived from filed accounts. Not audited figures.