First Subsea Limited

Active02894198ManufacturingIncorporated 2 Feb 1994 · Newquay Road

The principal activity of the company is the supply of moorings and tools.

Revenue

£25.2m

▲ +17.7% vs prior ~12m period

Profit after tax

£2.8m

Margin 13.8%

Employees

95

▲ +13.1% vs prior ~12m period

Net assets

£7.3m

Total assets £14.0m

Financial history

Revenue by accounting period

3 periods available · ▲ growth ▼ decline

May 2023
Not available
Apr 2024
£21.4m
Apr 2025
£25.2m▲ +17.7%
Period endRevenueGrowthProfit before taxEmployeesNet assets
30 Apr 2025£25.2m▲ +17.7%£3.0m95£7.3m
30 Apr 2024£21.4m—£2.1m84£4.5m
1 May 2023————£2.7m

Latest available figures

Period ending 30 Apr 2025. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.

Profit & loss

Revenue
£25.2m
Gross profit
£9.7m
Operating profit
£3.5m
Profit before tax
£3.0m
Profit after tax
£2.8m

Balance sheet

Total assets
£14.0m
Cash
£1.8m
Total liabilities
£6.7m
Net assets
£7.3m
Revenue per employee
£265k

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