£7.31m
+64%vs Apr 2024Active02894198Private limited companyNewquay Road
FIRST SUBSEA LIMITED
Significant control: First Tech Limited (75–100%)
From public filings as at 31 Aug 2026; may contain errors or be out of date. Verify at Companies House · Terms
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What does First Subsea Limited sell?
Registered activity: Manufacture of lifting and handling equipment (SIC 28220). We’re building product and service lists for UK companies. Get this one when it’s ready.
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01
Summary
FIRST SUBSEA LIMITED is an active private limited company (company number 02894198) incorporated on 2 February 1994, registered in Newquay Road. Its registered activity is manufacture of lifting and handling equipment (SIC 28220). Latest full accounts cover the period ending 30 April 2025, showing net assets of £7.31m and cash of £1.79m, with 95 employees on average. Turnover was £25.18m and profit for the year £2.84m. Net assets rose 64% on the prior period (£4.47m).
Peer position · net assets
By net assets it sits in the top quarter of 572 comparable companies in the UK (median £65k, upper quartile £501k).
02
Ownership and control
- First Tech Limited
- owns 75–100% of shares
- holds 75–100% of voting rights
- Mr Ian Alexander Suttie
- owns 75–100% of shares
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents. Directors and secretaries: see the officers list at Companies House.
03
Key dates
- Incorporated
- 2 February 199432 yrs ago
- Next accounts due
- 30 January 2027in 97 days
- Confirmation statement due
- 16 February 2027in 114 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
04
Activity
- SIC 28220
- Manufacture of lifting and handling equipment
- Accounts type
- Full
- Size band
- MediumCompanies Act thresholds
05
Financials
£1.79m
+33%vs Apr 2024£25.18m
+18%vs Apr 202495
+13%vs Apr 2024| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 30 April 2025 | £7.31m | £1.79m | — | £6.14m | £25.18m | £2.84m | 95 |
| 30 April 2024 | £4.47m | £1.34m | — | £8.08m | £21.39m | £1.77m | 84 |
| 1 May 2023 | — | — | — | — | — | — | — |
Current ratio1.83Current assets ÷ creditors within one year
Net margin11.3%Profit for the year ÷ turnover
Cash per employee£19kCash ÷ average employees
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing.
06
Filing and accounts signals
- Net assets above zeroNet assets £7,311,197 at 30 April 2025
- Net assets up 10% or more on the prior period+63.6% vs prior period
- Current assets at least 1.5× creditors within one yearCurrent ratio 1.83
- Cash at bank of £50,000 or moreCash £1,788,566
- Three or more accounting periods on record3 periods on record
- Incorporated five or more years agoIncorporated 2 February 1994
Neutral facts read from the register and filed accounts, each with its evidence. They are not a rating, a prediction or advice, and may be incomplete or out of date. How each signal is derived.
07
Timeline
- Confirmation statement duein 114 days
- Next accounts duein 97 days
- Accounts period endNet assets £7.31m · full accounts
- Accounts period endNet assets £4.47m · full accounts
- Accounts period end
- Incorporated
08
Similar companies in Lancashire
- THE CONVEYOR & ELEVATOR COMPANY LIMITEDAccrington · inc. Oct 1992
- BODE POSITIONERS LIMITEDPreston · inc. Feb 1991
- ROVAL LIMITEDChorley · inc. Apr 1990
- LODEMATIC (HANDLING SYSTEMS) LIMITEDBurnley · inc. Oct 1999
- SUPERCLAMP (LIFTING EQUIPMENT) LIMITEDColne · inc. Jan 2000
- SUPER GRIP (LIFTING EQUIPMENT) FABRICATIONS LIMITEDColne · inc. Jan 2000
All companies incorporated on 2 February 1994 · in Feb 1994.
09
Reminders for FIRST SUBSEA LIMITED
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