SPARROWS OFFSHORE SERVICES LIMITED - Profile & Financials

Accounts Submitted 24 Apr 2025

Confirmation Statement Submitted 12 Feb 2025

Net assets £15.29M £76.35M 2024 year on year

Total assets £145.19M £125.17M 2024 year on year

Total Liabilities £129.90M £48.82M 2024 year on year

Charges 25

25 satisfied

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Contact & Details

Contact

Update Details

Registered Address

30 Crown Place London EC2A 4ES

Office (Aberdeen)

Scott House, Denmore Rd, Bridge of Don, Aberdeen AB23 8JW

Telephone

0122 470 4868

[email protected]

Website

altradsparrows.com

Credit Report

Discover SPARROWS OFFSHORE SERVICES LIMITED's Credit Score, limit, and payment likelihood.

Mutual Companies

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Financials

Period 1 Jan → 31 Dec 2024

Type Total Exemption Full

Next accounts 31 December 2025

Due by 30 September 2026 9 months

Net Assets, Total Assets & Total Liabilities (2014–2024)

Cash in Bank

£17.01M

Increased by £636.00k (+4%)

Net Assets

£15.29M

Decreased by £76.35M (-83%)

Total Liabilities

£129.90M

Decreased by £48.82M (-27%)

Turnover

£149.00M

Increased by £51.01M (+52%)

Employees

1320

Decreased by 72 (-5%)

Debt Ratio

89%

Increased by 23 (+35%)

Financial History

Revenue, profit, EBITDA and key financial figures

	2024 Dec Year End	2023 Dec Year End
P&L
Revenue	£142.3M	£128.7M
Gross Profit	£48.2M	£43.1M
Operating Profit	£22.4M	£19.8M
Net Profit	£18.1M	£15.9M
EBITDA	£31.5M	£28.2M
Assets
Cash	£24.7M	£21.3M
Total Assets	£89.4M	£82.1M
Liabilities
Total Liabilities	£45.2M	£41.8M
Key Metrics
Employees	1,247	1,156

Latest Revenue

£142.3M

Latest EBITDA

£31.5M

Cash Position

£24.7M

Funding

Fundraising & Grants

No fundraising or grants recorded

Investors (0)

No investor information available

Share Capital

Share allotments and capital structure

2 Allotments 15,412,500 Shares £15.41m Total

Date From	Share Class	Shares Allotted	Amount Raised	Price/Share
23 Dec 2015	ORDINARY	1,574,416	£1.57m	£1
15 Dec 2015	ORDINARY	13,838,084	£13.84m	£1

Officers

4 active 28 resigned

Show resigned officers

						Status
David William Buckham	Director	British	Scotland	54	17 May 2023	Active
Matthew William John Corbin	Director	British	United Kingdom	52	17 May 2023	Active
Nicola Pamela Anderson	Director	British	United Kingdom	45	28 May 2024	Active
Pinsent Masons Secretarial Limited	Corporate-secretary	United Kingdom	Unknown	—	5 Nov 2012	Active

Shareholders

Shareholders (1)


Sparrows Offshore International Group Ltd.	100.0%	37,817,501	Ordinary	12 Jan 2018

Persons with Significant Control

Persons with Significant Control (1)

1 Active

Sparrows Offshore International Group Ltd.

United Kingdom

Active

Notified 6 Apr 2016

Nature of Control

Ownership Of Shares 75 To 100 Percent
Voting Rights 75 To 100 Percent
Right To Appoint And Remove Directors

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Group Structure

SPARROWS OFFSHORE INTERNATIONAL GROUP LTD. united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

ALTRAD UK LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

ALTRAD INVESTMENT AUTHORITY SAS france

SPARROWS OFFSHORE SERVICES LIMITED Current Company

SPARROWS INDIA 1 LIMITED united kingdom shares 75 to 100 percent, voting rights 75 to 100 percent, appoint/remove directors

Charges

25 satisfied

Documents

Company Filings

Date	Category	Description	Document
24 Apr 2025	Accounts	Annual accounts made up to 2024-08-31	View(35 pages)
12 Feb 2025	Confirmation Statement	Confirmation statement made on 2025-01-18 with updates	View(4 pages)
27 Aug 2024	Insolvency	Solvency Statement dated 23/08/24	View(1 page)
27 Aug 2024	Capital	Capital Statement Capital Company With Date Currency Figure	View(3 pages)
27 Aug 2024	Capital	Statement by Directors	View(1 page)