# FIRST SUBSEA LIMITED (02894198)

> 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).

- Status: Active
- Incorporated: 1994-02-02
- Registered office: Newquay Road, LA1 5QP
- SIC 28220: Manufacture of lifting and handling equipment
- Next accounts due: 2027-01-30
- Confirmation statement due: 2027-02-16
- Accounts type: FULL

By net assets it sits in the top quarter of 572 comparable companies in the UK (median £65k, upper quartile £501k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-04-30 | £7.31m | £1.79m | — | £6.14m | £25.18m | £2.84m | 95 |
| 2024-04-30 | £4.47m | £1.34m | — | £8.08m | £21.39m | £1.77m | 84 |
| 2023-05-01 | — | — | — | — | — | — | — |

current ratio 1.83; net margin 11.3%; size band medium.

## Filing and accounts signals (facts, not a rating)

- Net assets above zero: Net 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 year: Current ratio 1.83
- Cash at bank of £50,000 or more: Cash £1,788,566
- Three or more accounting periods on record: 3 periods on record
- Incorporated five or more years ago: Incorporated 2 February 1994

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- First Tech Limited (corporate-entity) — owns 75–100% of shares; holds 75–100% of voting rights, since 2025-10-04

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/02894198
HTML: https://firmoscan.com/company/02894198-first-subsea-limited