Subsea 7 Crewing Limited

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subsea 7 crewing limited Company Information

Live

MatureMegaHealthy

Company Number

01130356

Next Accounts

Sep 2025

Industry

Other personal service activities n.e.c.

Directors

Ludovica Smeets

John Gordon

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Shareholders

subsea 7 international holdings (uk) limited

Group Structure

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Contact

Registered Address

40 brighton road, sutton, surrey, SM2 5BN

Website

www.subsea7.com

subsea 7 crewing limited Estimated Valuation

£501.6m

Pomanda estimates the enterprise value of SUBSEA 7 CREWING LIMITED at £501.6m based on a Turnover of £343.5m and 1.46x industry multiple (adjusted for size and gross margin).

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Subsea 7 Crewing Limited is a live company located in surrey, SM2 5BN with a Companies House number of 01130356. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in August 1973, it's largest shareholder is subsea 7 international holdings (uk) limited with a 100% stake. Subsea 7 Crewing Limited is a mature, mega sized company, Pomanda has estimated its turnover at £343.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Subsea 7 Crewing Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

2 Regular

3 Weak

Size

annual sales of £343.5m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (7.8%)

EXPORT

Subsea 7 Crewing Limited's latest turnover from December 2023 is £343.5 million and the company has net assets of £19.3 million. According to their latest financial statements, we estimate that Subsea 7 Crewing Limited has 3,404 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Nov 2010	Nov 2009
Turnover	343,497,276	335,702,448	398,226,105	240,054,717	211,759,831	224,574,484	219,605,864	241,520,301	393,901,133	492,139,018	397,996,799	348,669,049	191,427,075	142,409,264	154,392
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	198,111,410	195,503,928	388,910,952	225,944,753	202,077,488	216,634,557	211,350,637	231,704,091	376,950,178	294,712,649	378,819,256	324,369,339	183,825,867	137,725,830	0
Gross Profit	145,385,866	140,198,519	9,315,153	14,109,964	9,682,344	7,939,927	8,255,227	9,816,210	16,950,955	197,426,369	19,177,542	24,299,710	7,601,208	4,683,434	154,392
Admin Expenses	152,061,229	127,925,827	-27,359	30,006	1,964,612	1,541,412	145,432	-5,585,839	0	179,031,759	184,067	930,433	668,557	652,431	0
Operating Profit	-6,675,363	12,272,692	9,342,512	14,079,958	7,717,732	6,398,515	8,109,795	15,402,049	16,950,955	18,394,610	18,993,475	23,369,277	6,932,651	4,031,003	154,392
Interest Payable	1,355,022	382,107	57,365	235,637	254,416	2,275	31,242	3,076	0	87,488	4,309	294,534	353,072	754,529	430,804
Interest Receivable	118,928	53,709	102,374	0	67,601	531,705	1,751,181	1,092,740	970,821	709,672	1,268,776	650,070	44,365	52,916	430,803
Pre-Tax Profit	-8,402,517	14,463,286	9,894,978	13,914,041	9,489,714	9,940,837	8,276,055	15,416,026	18,887,940	20,518,895	20,315,193	25,174,687	5,197,486	3,996,763	545,353
Tax	-6,621,653	-6,041,587	-5,889,154	-3,790,486	-3,238,351	-4,758,040	-1,707,122	-3,092,894	-5,822,598	-5,188,335	-4,791,923	-6,463,738	-1,791,854	-1,566,955	-152,524
Profit After Tax	-15,024,169	8,421,699	4,005,825	10,123,555	6,251,363	5,182,797	6,568,934	12,323,131	13,065,342	15,330,560	15,523,270	18,710,950	3,405,632	2,429,808	392,828
Dividends Paid	0	0	0	0	4,361,416	9,101,942	92,125,290	0	0	0	0	0	0	0	0
Retained Profit	-15,024,169	8,421,699	4,005,825	10,123,555	1,889,947	-3,919,144	-85,556,357	12,323,131	13,065,342	15,330,560	15,523,270	18,710,950	3,405,632	2,429,808	392,828
Employee Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Number Of Employees	3,404	3,507	4,524	2,942	2,531	2,694	2,699	2,808	4,238	5,351	4,469	3,891	2,172	1,915	0
EBITDA*	-6,675,363	12,272,692	9,342,512	14,079,958	7,731,543	6,413,684	8,125,816	15,417,428	16,968,027	18,394,610	18,993,475	23,369,277	6,932,651	4,031,003	154,392

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Nov 2010	Nov 2009
Tangible Assets	0	0	0	0	193,356	138,046	190,659	374,500	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	14,411	31,242	45,371	61,307	76,876	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	52,643,290	0	0	0	96,678	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	52,643,290	0	0	0	96,678	152,457	221,901	419,870	61,306	76,876	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	112,023	29,157	76,781	293,002	343,825	774,424	2,331,971	616,733	1,343,318	548,210	12,312	2,995,255	0	0	0
Group Debtors	29,990,025	52,498,273	60,980,495	63,799,311	41,681,325	30,394,417	57,158,535	125,387,573	120,453,205	90,280,632	59,371,460	69,911,886	74,101,300	48,361,451	119,447,176
Misc Debtors	11,726,386	10,330,698	13,153,296	11,470,302	8,401,541	8,137,894	6,274,933	5,439,095	5,970,821	14,461,561	19,660,797	12,530,655	2,705,650	1,050,862	7,430,118
Cash	0	0	0	0	0	0	0	0	1,492,317	4,016,031	1,415,907	4,124,099	120,155	486,211	14,319
misc current assets	0	0	0	0	0	227,549	467,836	77,668	840,447	8,356,516	0	0	0	0	0
total current assets	41,828,436	62,858,129	74,210,573	75,562,616	50,426,692	39,534,284	66,233,277	131,521,070	130,100,109	117,662,951	80,460,478	89,561,895	76,927,106	49,898,525	126,891,614
total assets	94,471,726	62,858,129	74,210,573	75,562,616	50,523,370	39,686,741	66,455,178	131,940,940	130,161,415	117,739,827	80,460,478	89,561,895	76,927,106	49,898,525	126,891,614
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,093,378	2,579,606	3,057,100	661,901	345,279	640,170	3,314,107	1,038,911	1,983,548	3,113,749	1,547,033	1,502,865	46,830	606,985	0
Group/Directors Accounts	43,874,012	3,928,489	1	0	0	0	0	0	1	1	4,452,721	17,555,610	48,222,318	25,752,350	121,164,166
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	30,208,700	22,047,111	41,402,346	49,173,063	36,888,129	26,922,784	45,977,728	31,337,279	39,548,345	39,853,192	28,925,757	40,463,984	17,329,471	15,534,458	152,524
total current liabilities	75,176,091	28,555,206	44,459,448	49,834,966	37,233,408	27,562,955	49,291,837	32,376,192	41,531,895	42,966,944	34,925,511	59,522,460	65,598,620	41,893,793	121,316,691
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	455,041	722,845	1,005,367	1,951,707	2,553,158	2,975,417	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	455,041	722,845	1,005,367	1,951,707	2,553,158	2,975,417	0	0	0	0	0
total liabilities	75,176,091	28,555,206	44,459,448	49,834,966	37,688,449	28,285,800	50,297,204	34,327,899	44,085,053	45,942,361	34,925,511	59,522,460	65,598,620	41,893,793	121,316,691
net assets	19,295,634	34,302,923	29,751,125	25,727,650	12,834,920	11,400,941	16,157,974	97,613,041	86,076,362	71,797,466	45,534,967	30,039,436	11,328,486	8,004,731	5,574,924
total shareholders funds	19,295,634	34,302,923	29,751,125	25,727,650	12,834,920	11,400,941	16,157,975	97,613,042	86,076,362	71,797,465	45,534,967	30,039,436	11,328,486	8,004,731	5,574,924

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-6,675,363	12,272,692	9,342,512	14,079,958	7,717,732	6,398,515	8,109,795	15,402,049	16,950,955	18,394,610	18,993,475	23,369,277	6,932,651	4,031,003	154,392
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	13,811	15,169	16,021	15,379	17,072	0	0	0	0	0	0
Tax	-6,621,653	-6,041,587	-5,889,154	-3,790,486	-3,238,351	-4,758,040	-1,707,122	-3,092,894	-5,822,598	-5,188,335	-4,791,923	-6,463,738	-1,791,854	-1,566,955	-152,524
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	31,613,596	-11,352,443	-1,352,043	25,039,246	11,216,634	-26,458,705	-65,677,962	3,676,058	22,476,941	26,245,833	-6,393,226	8,630,846	27,394,636	-77,464,981	126,877,295
Creditors	-1,486,227	-477,494	2,395,199	316,622	-294,891	-2,673,937	2,275,196	-944,637	-1,130,201	1,566,716	44,168	1,456,036	-560,155	606,985	0
Accruals and Deferred Income	8,161,589	-19,355,235	-7,770,717	11,829,893	9,697,541	-19,337,466	13,694,109	-8,812,517	-727,106	13,902,852	-11,538,227	23,134,513	1,795,013	15,381,934	152,524
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-38,235,250	-2,249,181	-570,117	-2,603,259	2,679,208	6,102,946	88,065,961	-1,108,678	-13,188,819	2,430,010	9,100,719	32,865,242	-21,018,981	95,917,948	-126,722,903
Investing Activities
capital expenditure	0	0	0	193,356	-54,710	54,275	181,948	-373,943	-1,503	-76,876	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	193,356	-54,710	54,275	181,948	-373,943	-1,503	-76,876	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	39,945,523	3,928,489	0	0	0	0	0	-1	0	-4,452,720	-13,102,889	-30,666,708	22,469,968	-95,411,816	121,164,166
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	16,880	-3,869,901	17,650	2,769,174	-455,967	-837,890	4,101,290	-786,451	1,213,554	10,931,939	-27,739	0	-81,877	0	5,182,096
interest	-1,236,094	-328,398	45,009	-235,637	-186,815	529,430	1,719,939	1,089,664	970,821	622,184	1,264,467	355,536	-308,707	-701,613	-1
cash flow from financing	38,726,309	-269,810	62,659	2,533,537	-642,782	-308,460	5,821,229	303,212	2,184,375	7,101,403	-11,866,161	-30,311,172	22,079,384	-96,113,429	126,346,261
cash and cash equivalents
cash	0	0	0	0	0	0	0	-1,492,317	-2,523,714	2,600,124	-2,708,191	4,003,944	-366,055	471,892	14,319
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-1,492,317	-2,523,714	2,600,124	-2,708,191	4,003,944	-366,055	471,892	14,319

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SUBSEA 7 CREWING LIMITED group structure

Subsea 7 Crewing Limited has no subsidiary companies.

Ultimate parent company

SUBSEA 7 SA

#0061195

SUBSEA 7 INTERNATIONAL HOLDINGS (UK) LIMITED

09201671

2 parents

SUBSEA 7 CREWING LIMITED

01130356

SUBSEA 7 CREWING LIMITED Shareholders

subsea 7 international holdings (uk) limited

100%

Subsea 7 Crewing Limited currently has 4 directors. The longest serving directors include Ludovica Smeets (Dec 2008) and Mr John Gordon (Jul 2014).

officer	country	age	start	end	role
Ludovica Smeets		59 years	Dec 2008	-	Director
Mr John Gordon	England	57 years	Jul 2014	-	Director
Mr Simon Ellis	England	49 years	Jan 2015	-	Director
Mr Colin Gibson	England	59 years	Oct 2020	-	Director

P&L

December 2023

turnover

343.5m

+2%

operating profit

-6.7m

-154%

gross margin

42.4%

+1.35%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

19.3m

-0.44%

total assets

94.5m

+0.5%

cash

net assets

Total assets minus all liabilities

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company number

01130356

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

August 1973

ultimate parent company

SUBSEA 7 SA

previous names

acergy crewing limited (January 2011)

seaway offshore limited (May 2010)

address

40 brighton road, sutton, surrey, SM2 5BN

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 14 charges/mortgages relating to subsea 7 crewing limited. Currently there are 0 open charges and 14 have been satisfied in the past.

subsea 7 crewing limited Company Information

subsea 7 crewing limited Estimated Valuation

subsea 7 crewing limited Estimated Valuation

subsea 7 crewing limited Estimated Valuation

Subsea 7 Crewing Limited Overview

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SUBSEA 7 CREWING LIMITED financials

subsea 7 crewing limited Credit Report and Business Information

Subsea 7 Crewing Limited Competitor Analysis

subsea 7 crewing limited Ownership

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