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Company No. SC398784 · Incorporated 4 May 2011

Enpro Subsea Limited

Registered name: ENPRO SUBSEA LIMITED

Part of Hunting PLC group

Enpro Subsea Limited made £17.2m revenue and £1.6m profit in the year to 31 Dec 2024. read from filing text

Enpro Subsea Limited’s revenue grew 185% to £17.2m in the year to 31 Dec 2024, with £1.6m profit and 34 employees. The company is classified under “other business support service activities” and is based in Portlethen; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.
Status
Active
Location
Portlethen, Scotland
Age
15 yrs · since 2011
Type
Private Limited Company

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: “Hunting PLC”

Latest accounts · year to 31 Dec 2024

Key figures

Revenue
£17.2m
Growth ▲184.5%
Profit
£1.6m
Growth —
Profit margin
9.2%
Gross 45.1%
Employees
34
Change ▲70%
Profit / employee
£46.2k
Revenue/employee £505k
Profitable streak
1yr
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202331 Dec 2024
DisclosureFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£6m£17.2m
Cost of sales£4.2m£9.4m
Gross profit£1.8m£7.7m
Operating profit−£1.5m£2.2m
Profit before tax−£1.5m£2.1m
Profit after tax−£1.2m£1.6m
Profit (best available)−£1.2m£1.6m
Employees (average)2034
Ratios
Profit margin−19.7%9.2%
Gross margin29.6%45.1%
Revenue per employee£301k£505k
Profit per employee−£59.3k£46.2k
Growth (year on year)
Revenue growth—▲184.5%
Headcount growth—▲70%
Balance sheet — indirect signals, not revenue
Net assets£8.5m£10.1m
Fixed assets£5.9m£6m
Current assets£7.7m£9.6m
Debtors£7.4m£9.1m
SourceFullAccounts · bulk data May 2026FullAccounts · bulk data May 2026
Derived from the latest filing

How the business works

Profit margin
9.2%
Profit ÷ revenue.
Gross margin
45.1%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£505k
Revenue ÷ average employees.
Profit per employee
£46.2k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
34.8%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
—
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
53.3%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

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
▲18%
Now £10.1m
Cash at bank
—
Now —
Headcount
▲70%
Now 34
Deferred income
—
Now —
Fixed assets
▲2%
Now £6m
Corporate ownership

Group structure

Ownership chain

  1. Hunting PLCultimate parent75–100%
  2. Hunting Energy Holdings Limited75–100%
  3. Enpro Subsea Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Subsidiaries (2)

Sister companies (8)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2024 (profit £1.6m), from the Companies House accounts bulk data published May 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.