Select Offshore Ltd
Registered name: SELECT OFFSHORE LTD
Part of The Select Recruitment Group Ltd groupSelect Offshore Ltd made £36.3m revenue and £690k profit in the year to 31 Dec 2025. read from filing text
Select Offshore Ltd’s revenue grew 11% to £36.3m in the year to 31 Dec 2025, with £690k profit and 54 employees. The company is classified under “temporary employment agency activities” and is based in Chelmsford; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Chelmsford, East of England
- Age
- 13 yrs · since 2013
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “At the reporting date, the company's immediate and ultimate parent company is The Select Recruitment Group Ltd, a company registered in England and Wales. This is the smallest and largest group from w”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | Full P&Lread from filing text | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||||
| Revenue (turnover) | — | £21.6m | £32.7m | £36.3m |
| Cost of sales | — | £18.2m | £27.6m | £31.4m |
| Gross profit | — | £3.4m | £5.1m | £4.9m |
| Operating profit | — | £1.6m | £1.6m | £1.1m |
| Profit before tax | — | £1.5m | £1.4m | £902k |
| Profit after tax | — | £1.2m | £1.1m | £690k |
| Profit (best available) | — | £1.2m | £1.1m | £690k |
| Staff costs | — | £1.5m | £2.6m | £3m |
| Employees (average) | 18 | 27 | 43 | 54 |
| Ratios | ||||
| Profit margin | — | 5.4% | 3.2% | 1.9% |
| Gross margin | — | 15.7% | 15.6% | 13.5% |
| Revenue per employee | — | £801k | £760k | £673k |
| Profit per employee | — | £43.4k | £24.7k | £12.8k |
| Growth (year on year) | ||||
| Revenue growth | — | — | ▲51.2% | ▲11.1% |
| Profit growth | — | — | ▼9.5% | ▼34.9% |
| Headcount growth | — | ▲50% | ▲59.3% | ▲25.6% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £223k | £156k | £73.2k | £134k |
| Net assets | £2.1m | £2.5m | £2.7m | £2.7m |
| Fixed assets | £13.5k | £53.6k | £153k | £115k |
| Current assets | £3.9m | £6.1m | £8.6m | £8.1m |
| Debtors | £2.1m | £3.5m | £4.6m | £5.2m |
| Deferred income | — | £140k | £193k | £114k |
| Source | Accounts · bulk data Sep 2024 | Accounts · bulk data Sep 2024 | FullAccounts · bulk data Sep 2025 | FullAccounts · bulk data Aug 2026 |
How the business works
- Profit margin
- 1.9%
- Profit ÷ revenue.
- Gross margin
- 13.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £673k
- Revenue ÷ average employees.
- Profit per employee
- £12.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0.3%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 0.3%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 14.2%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲0%
- Now £2.7m
- Cash at bank
- ▲83%
- Now £134k
- Headcount
- ▲26%
- Now 54
- Deferred income
- ▼41%
- Now £114k
- Fixed assets
- ▼25%
- Now £115k
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- The Select Recruitment Group Ltdultimate parent75–100%
- Select Offshore Ltdthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Select Tech LtdRev. £8m · Profit £457k
- Select Oil and Gas LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £690k), from the Companies House accounts bulk data published Aug 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.