Cats North Sea Limited
Support activities for petroleum and natural gas extraction · London
ActiveUnited KingdomIncorporated 2014Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£288,463,000
Cash
£15,441,000
Turnover
£72,792,000
Profit / loss
£41,640,000
Current assets
£310,581,000
Creditors < 1 year
£39,185,000
Equity
£288,463,000
Average employees
Not available
Balance-sheet trend
GBP · 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 | £288,463,000 | £246,823,000 |
| Equity | £288,463,000 | £246,823,000 |
| Retained earnings | £235,257,000 | £193,617,000 |
| Assets | ||
| Fixed assets | £54,674,000 | £38,242,000 |
| Property, plant & equipment | £34,061,000 | £38,094,000 |
| Current assets | £310,581,000 | £452,656,000 |
| Cash at bank | £15,441,000 | £13,367,000 |
| Debtors | £290,003,000 | £437,289,000 |
| Stock | £5,137,000 | £2,000,000 |
| Liabilities | ||
| Creditors | £76,792,000 | £244,075,000 |
| Creditors within one year | £39,185,000 | £233,171,000 |
| Creditors after one year | £37,607,000 | £10,904,000 |
| Provisions | £9,912,000 | £10,904,000 |
| Net current assets | £271,396,000 | £219,485,000 |
| Assets less current liabilities | £365,255,000 | £490,898,000 |
| Profit & loss | ||
| Turnover | £72,792,000 | £71,116,000 |
| Cost of sales | £19,404,000 | £23,044,000 |
| Gross profit | £53,388,000 | £48,072,000 |
| Administrative expenses | £1,528,000 | £1,615,000 |
| Operating profit | £51,860,000 | £46,457,000 |
| Interest receivable | £749,000 | £708,000 |
| Interest payable | £2,277,000 | £561,000 |
| Profit before tax | £50,332,000 | £46,604,000 |
| Tax | £8,692,000 | £1,774,000 |
| Profit / loss | £41,640,000 | £44,830,000 |
| Operating costs | ||
| Depreciation | £2,443,000 | £2,385,000 |
| 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.
- Auditor
- Ernst & Young LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Kellas Midstream Limited
- Ultimate parent
- Silverstream Holdings Limited
- Ultimate controlling party
- BlackRock’s Global Energy & Power Infrastructure Funds (GEPIF III) and GIC
- Accounts
- FRS 102
- Approved
- 2026-06-12, signed by Thomas Luypaert, Nathan Morgan
Turnover by segment (2)
- UK sector of the Central North Sea: £72.8m (m) (2025-12-31)
- UK sector of the Central North Sea: £71.1m (m) (2024-12-31)
Related parties (3)
- Kellas Midstream Limited · Immediate parent Company · Amounts owed by the Company · £282.3m (2024: £419.9m) (m)
- Other intercompany entities · Amounts owed by the Company · £0.8m (2024: £192.4m) (m)
- Kellas Midstream Limited · Group Company · Company's share of directors’ remuneration recharged via the Joint Operating Agreement · £0.1m (2024: £0.1m) (m)
Borrowings (1)
- Senior Debt Facility · maturing 18 June 2032 · secured on secured by fixed and floating charges over the Group’s assets, including those of CATS North Sea Limited
Share classes (1)
- 65 Ordinary of £0.15
Events after the year end (1)
- On 7 April 2026, the Upper Tribunal ruled in favour of the Company regarding an HMRC closure notice for the year ended 31 December 2015; the £20.6m tax asset is repayable to its former parent Company, and the decision has no impact on the Company's reported financial position at year end.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesFloating · created 2025-06-13
—
OutstandingShow 3 satisfied / released
Floating · created 2021-07-29 · satisfied 2025-06-18
—
SatisfiedAll Assets · created 2019-04-24 · satisfied 2021-08-12
—
SatisfiedAll Assets · created 2015-12-21 · satisfied 2019-04-02
—
Satisfied