# SUBSEA NETWORKS LTD (08346649)

> SUBSEA NETWORKS LTD is an active private limited company (company number 08346649) incorporated on 4 January 2013, registered in Penzance,. Its registered activity is engineering related scientific and technical consulting activities (SIC 71122). Latest small accounts cover the period ending 31 December 2024, showing net assets of £4.21m and cash of £3.68m, with 4 employees on average. Net assets rose 3% on the prior period (£4.09m).

- Status: Active
- Incorporated: 2013-01-04
- Registered office: Penzance,, TR20 8UJ
- SIC 71122: Engineering related scientific and technical consulting activities
- Next accounts due: 2026-09-30
- Confirmation statement due: 2027-01-18
- Accounts type: TOTAL EXEMPTION FULL

By net assets it sits in the top quarter of 2,904 comparable companies in Other (median £8,537, upper quartile £43k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2024-12-31 | £4.21m | £3.68m | — | £247k | — | — | 4 |
| 2023-12-31 | £4.09m | £3.72m | — | £99k | — | — | 4 |

current ratio 16.64; size band micro.

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

- Net assets above zero: Net assets £4,214,735 at 31 December 2024
- Current assets at least 1.5× creditors within one year: Current ratio 16.64
- Cash at bank of £50,000 or more: Cash £3,680,753
- Incorporated five or more years ago: Incorporated 4 January 2013
- Accounts past their due date: Due 30 September 2026

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

## Persons with significant control

- Mr Jol Paling — owns 75–100% of shares, since 2017-01-03

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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/08346649
HTML: https://firmoscan.com/company/08346649-subsea-networks-ltd