Pangea UK Bidco Limited
Activities of other holding companies n.e.c. · Chelmsford
ActiveUnited KingdomIncorporated 2024Private Limited Company
Financial position
Accounts to 2025-12-31 · Group accounts
Net assets
−£9,928,000
Cash
£43,745,000
Turnover
£185,855,000
Profit / loss
−£7,593,000
Current assets
£93,079,000
Creditors < 1 year
£254,450,000
Equity
−£9,928,000
Average employees
367
Balance-sheet trend
Currency not tagged · consolidatedFinancial 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 | 2025-12-31Group · AI-read | 2025-02-24Group · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | -9,928,000 | — |
| Equity | -9,928,000 | — |
| Retained earnings | -9,455,000 | — |
| Assets | ||
| Fixed assets | 401,696,000 | — |
| Investments | 9,271,000 | — |
| Current assets | 93,079,000 | — |
| Cash at bank | 43,745,000 | — |
| Debtors | 30,825,000 | — |
| Stock | 11,507,000 | — |
| Liabilities | ||
| Creditors within one year | 254,450,000 | — |
| Creditors after one year | 246,185,000 | — |
| Provisions | 4,068,000 | — |
| Pension scheme surplus / deficit | 7,002,000 | — |
| Net current assets | -161,371,000 | — |
| Assets less current liabilities | 240,325,000 | — |
| Profit & loss | ||
| Turnover | 185,855,000 | — |
| Gross profit | 7,140,000 | -15,000 |
| Operating profit | 6,387,000 | -15,000 |
| Interest receivable | 670,000 | — |
| Interest payable | 17,659,000 | — |
| Profit before tax | -7,907,000 | -15,000 |
| Tax | -314,000 | — |
| Profit / loss | -7,593,000 | -15,000 |
| People & pay | ||
| Average employees | 367 | — |
| Staff costs | 30,635,000 | — |
| Wages & salaries | 27,817,000 | — |
| Social security costs | 1,185,000 | — |
| Pension costs | 1,633,000 | — |
| Directors' remuneration | 1,170,000 | — |
| Highest paid director | 508,000 | — |
| 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
- Grant Thornton UK LLP
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Pangea UK Holdco Limited
- Ultimate parent
- Pangea UK Holdco Limited
- Ultimate controlling party
- Keppel Infrastructure Holdings Pte Ltd and Keppel Infrastructure Trust
- Accounts
- FRS 102
- Approved
- 2026-05-01, signed by S C Pearce
Turnover by segment (7)
- Telecoms: 159,867 (000s) (2025-12-31)
- SubConnect: 21,613 (000s) (2025-12-31)
- OceaniQ: 4,375 (000s) (2025-12-31)
- United Kingdom: 33,347 (000s) (2025-12-31)
- EMEA: 50,495 (000s) (2025-12-31)
- Asia Pacific: 58,580 (000s) (2025-12-31)
- Americas: 43,433 (000s) (2025-12-31)
Related parties (6)
- Keppel Networks Pte Limited · related party by virtue of shared ownership · Customer invoices; amount invoiced · $446k (000s)
- Keppel Networks Pte Limited · related party by virtue of shared ownership · Outstanding amount · $418k (000s)
- International Cableship Pte Limited · Joint venture · Dividend received · (1,848) (000s)
- International Cableship Pte Limited · Joint venture · Obligations under capital leases · (24,179) (000s)
- International Cableship Pte Limited · Joint venture · Accounts payable · (1,743) (000s)
- Flex-service Offshore (HK) · Associate · Dividend received · - (000s)
Events after the year end (1)
- Subsequent to the year end, the Group entered into an agreement for, and completed the purchase of, a sea vessel, the Atlantic Guardian, for a total consideration of $16 million.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesAll Assets · created 2025-02-24
—
Outstanding