Stena Drilling Limited
Private Limited Company · London
ActiveUnited KingdomIncorporated 1899Private Limited Company
Financial position
Accounts to 2025-12-31 · USD · Company accounts
Net assets
USD 103,173,000
Cash
—
Turnover
USD 62,567,000
Profit / loss
USD 8,085,000
Current assets
USD 146,781,000
Creditors < 1 year
USD 104,934,000
Equity
USD 103,173,000
Average employees
Not available
Balance-sheet trend
USD · 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 | USD 103,173,000 | USD 101,262,000 |
| Equity | USD 103,173,000 | USD 101,262,000 |
| Share capital | USD 51,611,000 | USD 47,938,000 |
| Retained earnings | −USD 29,497,000 | −USD 31,408,000 |
| Assets | ||
| Fixed assets | USD 62,303,000 | USD 62,118,000 |
| Property, plant & equipment | USD 8,591,000 | USD 8,365,000 |
| Investments | USD 50,019,000 | USD 50,019,000 |
| Current assets | USD 146,781,000 | USD 226,928,000 |
| Debtors | USD 146,781,000 | USD 226,928,000 |
| Liabilities | ||
| Creditors within one year | USD 104,934,000 | USD 192,808,000 |
| Creditors after one year | USD 3,853,000 | USD 3,884,000 |
| Provisions | — | USD 1,630,000 |
| Pension scheme surplus / deficit | USD 2,876,000 | USD 10,538,000 |
| Net current assets | USD 41,847,000 | USD 34,120,000 |
| Assets less current liabilities | USD 107,026,000 | USD 106,776,000 |
| Profit & loss | ||
| Turnover | USD 62,567,000 | USD 55,975,000 |
| Administrative expenses | USD 19,000 | USD 2,344,000 |
| Operating profit | USD 7,574,000 | USD 4,781,000 |
| Interest receivable | USD 589,000 | USD 573,000 |
| Interest payable | USD 8,574,000 | USD 24,080,000 |
| Profit before tax | USD 13,742,000 | −USD 24,121,000 |
| Tax | USD 5,657,000 | USD 3,771,000 |
| Profit / loss | USD 8,085,000 | −USD 20,350,000 |
| Operating costs | ||
| Depreciation | USD 1,189,000 | USD 1,173,000 |
| Operating lease charges | USD 44,000 | USD 103,000 |
| Audit fees | USD 54,000 | USD 49,000 |
| People & pay | ||
| Directors' remuneration | USD 1,997,000 | USD 1,572,000 |
| Highest paid director | USD 1,824,000,000 | USD 1,405,000,000 |
| 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.
- Principal activity
- The principal activity of the company is that of marketing, managing and providing technical support for offshore drilling units.
- What it does
- marketing · managing · technical support · offshore drilling units (AI keywords)
- The year
- Turnover in both years was mainly derived from management fee income from the drilling units owned within the Stena AB Group; Stena Don, Stena Evolution, Stena Drillmax, Stena Carron, Stena Forth and Stena Icemax. The level of the company’s turnover, and its profitability, are linked to the level of operating costs it incurs in providing drilling management services.
- Outlook
- Levels of demand for drilling vessels and day rates have been low in recent years. However, with consolidation of supply in the drilling market and an anticipated increase in drilling activity by oil companies, management expect improved market conditions from the second half of 2026 onwards and are optimistic about the company's future.
- Auditor
- PricewaterhouseCoopers LLP · senior statutory auditor Martin Cowie
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Stena Drilling (Holdings) Limited
- Ultimate parent
- Stena AB · Sweden
- Ultimate controlling party
- Stena AB
- Accounts
- FRS 101
- Approved
- 2026-06-23, signed by E Ronsberg
Turnover by segment (2)
- Europe: Turnover wholly arose in Europe (2025-12-31)
- Europe: Turnover wholly arose in Europe (2024-12-31)
Directors' report (5)
- E Ronsberg
- D S Olsson
- P Claesson
- G F Coutts
- ME Odum III
Share classes (1)
- 38,301,450 ordinary of £1 each
Principal risks (6)
- oil and gas market
- demand for drilling units
- transition away from fossil fuels
- volatile global political environment
- oversupply of offshore drilling vessels
- operational, safety and environmental performance
Contingent liabilities (1)
- At the year end, the company had entered into guarantees in the normal course of trading amounting to $937,000 (2024: $870,000).
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesFixed · created 2024-02-01
—
OutstandingShow 65 satisfied / released
Unknown · created 2004-12-10 · satisfied 2024-03-07
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SatisfiedUnknown · created 2004-12-10 · satisfied 2024-03-07
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SatisfiedShares · created 2002-11-13 · satisfied 2024-03-07
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SatisfiedUnknown · created 2002-11-13 · satisfied 2024-03-07
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SatisfiedUnknown · created 1998-10-13 · satisfied 2024-03-07
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SatisfiedShares · created 1997-10-01 · satisfied 2024-03-07
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SatisfiedUnknown · created 1996-12-18 · satisfied 2024-03-07
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SatisfiedUnknown · created 1995-12-14 · satisfied 2024-03-07
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SatisfiedShares · created 1995-12-14 · satisfied 2024-03-07
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SatisfiedShares · created 1995-12-14 · satisfied 2024-03-07
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SatisfiedUnknown · created 1995-12-11 · satisfied 2024-03-07
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SatisfiedUnknown · created 1994-05-19 · satisfied 2024-03-07
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SatisfiedUnknown · created 1993-11-26 · satisfied 2024-03-07
US DOLLARS 5,750,000 AND ALL OTHER MONIE S DUE OR TO BECOME DUE FROM THE COMPANY AND/OR ALL OR ANY OF THE OTHER COMPANIES NAMED THEREIN TO THE CHARGEE UNDER THE TERMS OF THE LOAN AGREEMENT DATED 26TH N OVEMBER 1993 AND THE SECURITY DOCUMENTS (AS DEFINED)
SatisfiedUnknown · created 1993-11-26 · satisfied 2024-03-07
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SatisfiedShares · created 1993-11-26 · satisfied 2024-03-07
USD 5,750,00 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY TO THE C HARGEE PURSUANT TO THE TERMS OF A LOAN A GREEMENT DATED 26/11/93 AND THE SECURITY DOCUMENTS (AS DEFINED)
SatisfiedUnknown · created 1993-11-26 · satisfied 2024-03-07
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SatisfiedUnknown · created 1991-12-09 · satisfied 1993-12-23
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SatisfiedUnknown · created 1991-10-01 · satisfied 2024-03-07
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SatisfiedUnknown · created 1991-09-04 · satisfied 1993-12-23
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SatisfiedUnknown · created 1990-12-31 · satisfied 2024-03-07
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SatisfiedUnknown · created 1990-12-31 · satisfied 2024-03-07
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SatisfiedProperty · created 1990-07-13 · satisfied 1993-04-14
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SatisfiedUnknown · created 1989-12-29 · satisfied 1993-12-23
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SatisfiedUnknown · created 1989-12-29 · satisfied 1993-12-23
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SatisfiedUnknown · created 1989-12-29 · satisfied 1993-12-23
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SatisfiedUnknown · created 1989-12-29 · satisfied 2024-03-07
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SatisfiedUnknown · created 1989-12-18 · satisfied 2024-03-07
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SatisfiedUnknown · created 1989-12-18 · satisfied 2024-03-07
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SatisfiedUnknown · created 1989-07-07 · satisfied 2024-03-07
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SatisfiedUnknown · created 1988-01-19 · satisfied 2024-03-07
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SatisfiedUnknown · created 1986-12-30 · satisfied 2024-03-07
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SatisfiedUnknown · created 1986-12-30 · satisfied 2024-03-07
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SatisfiedUnknown · created 1986-12-30 · satisfied 2024-03-07
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SatisfiedUnknown · created 1986-12-30 · satisfied 2024-03-07
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SatisfiedUnknown · created 1986-12-30 · satisfied 2024-03-07
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SatisfiedBarclays Bank PLC, The Governor And Company Of The Bank Of Scotland, Kleinwort Benson Limited, Canadian Imperial Bank Of Commerce, Barclays De Zoete Wedd Limited, Banque Paribas, Scandinavian Bank Group PLC, Shandinaviska Enstilda Banken
Unknown · created 1986-12-30 · satisfied 2024-03-07
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SatisfiedUnknown · created 1987-01-13 · satisfied 2024-03-07
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SatisfiedUnknown · created 1986-12-05
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SatisfiedUnknown · created 1982-12-10
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SatisfiedUnknown · created 1983-07-15 · satisfied 2024-03-07
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SatisfiedUnknown · created 1983-07-15 · satisfied 2024-03-07
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SatisfiedUnknown · created 1983-07-15 · satisfied 2024-03-07
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SatisfiedUnknown · created 1983-05-16 · satisfied 2024-03-07
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SatisfiedUnknown · created 1982-12-30
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SatisfiedShares · created 1982-12-10
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SatisfiedUnknown · created 1981-12-30 · satisfied 2024-03-07
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SatisfiedUnknown · created 1981-12-30 · satisfied 2024-03-07
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SatisfiedUnknown · created 1981-12-30
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SatisfiedUnknown · created 1981-12-30
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SatisfiedUnknown · created 1981-06-19
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SatisfiedUnknown · created 1981-01-27
£5,400,000 & ALL OTHER MONIES DUE OR TO BECOME DUE FROM THE COMPANY AND/OR AL L OR ANY OF THE OTHER COMPANIES NAMED TH EREIN TO THE CHARGEE SECURED BY A CHARGE DATED 27.1.81 UNDER THE TERMS OF A LOAN AGREEMENT DATED 31.12.80
SatisfiedShares · created 1981-01-27
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Satisfied(B) THE MORTGAGED PREMISES AS DEFINED IN THE DEED OF COVENANTS
Unknown · created 1977-06-15
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SatisfiedShares · created 1977-06-15
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SatisfiedUnknown · created 1977-06-15
FURTHER SECURING £3,080,000 AND ALL O THER MONIES DUE OR TO BECOME DUE FROM EL ERLMANS FINANCE LTD TO THE CHARGEE SECUR ED BY A MORTGAGE D/D 15/6/77 UNDER THE T ERMS OF A FACILITY LETTER D/D 14/12/76 A ND A GUARANTEE D/D 15/6/77
SatisfiedShares · created 1977-06-15
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SatisfiedUnknown · created 1977-06-15 · satisfied 2024-03-07
DEED OF COVENANT FOR FURTHER SECURING UK P 8,500,000 AND ALL OTHER MONIES DUE OR TO BECOME DUE FROM HOULDER BROTHERS & CO LTD TO THE CHARGEE SECURED BY ANOTEHR C HARGE DATED 15/6/77
SatisfiedShares · created 1977-06-15 · satisfied 2024-03-07
STATUTORY MORTGAGE FOR SECURING ALL MONI ES DUE OR TO BECOME DUE FROM HOULDER BRO THERS & CO LTD TO THE CHARGEE ON AN ACCO UNT CREATED UNDER THE TERMS OF A LOAN AG REEMENT DATED 9/12/75 AND A DEED OF COVE NANT DATED 15/6/77
SatisfiedProperty · created 1976-12-30
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SatisfiedUnknown · created 1915-09-10 · satisfied 2024-03-07
£200,000 DEB. STOCK
SatisfiedProperty · created 1914-10-09 · satisfied 2024-03-07
NO AMOUNT SECURED
SatisfiedUnknown · created 1912-10-03 · satisfied 2024-03-07
NO AMOUNT SECURED
SatisfiedUnknown · created 1912-07-11 · satisfied 2024-03-07
NO AMOUNT SECURED
SatisfiedUnknown · created 1912-05-06 · satisfied 2024-03-07
NO AMOUNT SECURED
SatisfiedUnknown · created 1907-08-28 · satisfied 2024-03-06
£200,000 DEBENTURE STOCK
Satisfied