Centurion Subsea Services Limited
Registered name: CENTURION SUBSEA SERVICES LIMITED
Part of HSBC Holdings PLC groupCenturion Subsea Services Limited made £8.3m revenue and a £147k loss in the year to 31 Dec 2025.
Centurion Subsea Services Limited’s revenue fell 9% to £8.3m in the year to 31 Dec 2025, with a loss of £147k and 28 employees. The company is classified under “support activities for petroleum and natural gas extraction” and is based in Aberdeen; we hold 3 years of its filed accounts.
- Status
- Active
- Location
- Aberdeen
- Age
- 22 yrs · since 2004
- Type
- Private Limited Company
Key figures
Financial history
| Year to | 31 Dec 2023 | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|---|
| Disclosure | Full P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | £8m | £9.1m | £8.3m |
| Cost of sales | −£5.1m | −£5.5m | −£6.7m |
| Gross profit | £2.9m | £3.6m | £1.5m |
| Operating profit | £1.4m | £1.6m | −£64k |
| Profit before tax | £1.4m | £1.6m | −£147k |
| Profit after tax | £1.4m | £1.6m | −£147k |
| Profit (best available) | £1.4m | £1.6m | −£147k |
| Employees (average) | 29 | 33 | 28 |
| Ratios | |||
| Profit margin | 17.1% | 17% | −1.8% |
| Gross margin | 36.1% | 39.2% | 18.5% |
| Revenue per employee | £276k | £276k | £295k |
| Profit per employee | £47.2k | £47k | −£5.3k |
| Growth (year on year) | |||
| Revenue growth | — | ▲14.1% | ▼9.5% |
| Profit growth | — | ▲13.3% | ▼109.5% |
| Headcount growth | — | ▲13.8% | ▼15.2% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | — | — | — |
| Source | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2025 | Accounts · bulk data Oct 2026 |
How the business works
- Profit margin
- −1.8%
- Profit ÷ revenue.
- Gross margin
- 18.5%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £295k
- Revenue ÷ average employees.
- Profit per employee
- −£5.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- 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
- —
- Now —
- Cash at bank
- —
- Now —
- Headcount
- ▼15%
- Now 28
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Group structure
Ownership chain
- HSBC Holdings PLCultimate parent75–100%
- HSBC Bank PLC75–100%
- HSBC Corporate Trustee Company (UK) Limited75–100%
- Centurion Subsea Services Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (9)
- Meygen PLCRev. £5.4m · Profit −£8.4m
- Aberdeen Roads (Finance) PLCFigures not disclosed
- Agilico (Scotland) LimitedFigures not disclosed
- Avant Homes (Scotland) LimitedFigures not disclosed
- Centurion 1 LimitedFigures not disclosed
- Centurion 2 LimitedFigures not disclosed
- Centurion UK Rentals & Services Holdings LimitedFigures not disclosed
- HF Stores Realisations LimitedActive - Proposal to Strike offFigures not disclosed
- Labtech Services LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from accounts for the year to 31 Dec 2025 (profit −£147k), from the Companies House accounts bulk data published Oct 2026. Spotted an error? Request a correction.
Updated from Companies House on 21 Oct 2026
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.