Company Overview
Production Services Network (Uk) Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 10 November 2005, so this is a well established company. Production Services Network (Uk) Limited has been in business for 20 years and 5 months. The accounts status is audit exemption subsidiary and the accounts are next due on Wednesday 31 December 2025.
Registered Address

Sir Ian Wood House Hareness Road, Altens Industrial Estate, Aberdeen, AB12 3LE
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Companies House Data
Company NamePRODUCTION SERVICES NETWORK (UK) LIMITED
Company NumberSC293004
Registered Office AddressSir Ian Wood House Hareness Road
 Altens Industrial Estate
 AB12 3LE
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date10/11/2005
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategoryAUDIT EXEMPTION SUBSIDIARY
Returns Next Due Date11/12/2016
Returns Last Made Up Date13/11/2015
Directors & Members
Show Resigned
Andrew Findlay - Director
(British, 52 years old, born November 1974)
Appointed 28 May 2017
 Active
Laura McCracken - Director
(British, 47 years old, born April 1979)
Appointed 09 May 2025
 Active
Stephen Nicol - Director
(British, 51 years old, born May 1975)
Appointed 01 February 2015
 Active
Secretaries
Show Resigned
Sarah MacRury - Secretary
Appointed 03 July 2024
 Active
Other Company Directorships
Andrew Findlay
ENTERPRISE ENGINEERING SERVICES LIMITED
ENTERPRISE FABRICATION SERVICES LIMITED
HFA LIMITED
KAEFER INDUSTRIAL SERVICES LIMITED
PRODUCTION SERVICES NETWORK BANGLADESH LIMITED
PRODUCTION SERVICES NETWORK CORPORATE LIMITED
PSN (ANGOLA) LIMITED
PSN (PHILIPPINES) LIMITED
PSN ASIA LIMITED
PSN OVERSEAS LIMITED
WGPSN (HOLDINGS) LIMITED
WGPSN EURASIA LIMITED
WOOD GROUP ENGINEERING (NORTH SEA) LIMITED
WOOD GROUP PRODUCTION SERVICES UK LIMITED
WOOD GROUP UK LIMITED
WOOD GROUP/OTS LIMITED
Laura McCracken
QED INTERNATIONAL (UK) LIMITED
Stephen Nicol
ABERDEEN AND GRAMPIAN CHAMBER OF COMMERCE
AMEC FOSTER WHEELER ENERGY LIMITED
AMEC FOSTER WHEELER GROUP LIMITED
ATTRIC LTD
ENTERPRISE ENGINEERING SERVICES LIMITED
ENTERPRISE FABRICATION SERVICES LIMITED
FOSTER WHEELER (G.B.) LIMITED
FOSTER WHEELER E&C LIMITED
FOSTER WHEELER WORLD SERVICES LIMITED
HFA LIMITED
KAEFER INDUSTRIAL SERVICES LIMITED
LEADGATE PLANT HIRE LIMITED
NORTHERN INTEGRATED SERVICES LIMITED
PRODUCTION SERVICES NETWORK BANGLADESH LIMITED
PRODUCTION SERVICES NETWORK CORPORATE LIMITED
PSN (ANGOLA) LIMITED
PSN (PHILIPPINES) LIMITED
PSN OVERSEAS LIMITED
PYEROY DEVELOPMENTS LIMITED
PYEROY LIMITED
QED INTERNATIONAL (UK) LIMITED
SIGMA 3 (NORTH SEA) LIMITED
SULZER (ABERDEEN) LIMITED
THE UK OFFSHORE ENERGIES ASSOCIATION LIMITED
UNITED INFRASTRUCTURE POWER T&D LIMITED
WGPSN (HOLDINGS) LIMITED
WGPSN EURASIA LIMITED
WOOD GROUP ENGINEERING (NORTH SEA) LIMITED
WOOD GROUP HR LIMITED
WOOD GROUP PRODUCTION SERVICES UK LIMITED
WOOD GROUP UK LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2014 31-Dec-2013
Balance Sheet
Fixed Assets 16,471,000 16,471,000 5,982,000
Current Assets 171,627,000 171,627,000 191,460,000
Creditors Due Within One Year 168,892,000 168,892,000 174,067,000
Working Cap 2,735,000 2,735,000 17,393,000
Total Assets Less Current Liabilities 19,206,000 19,206,000 23,375,000
Long-term Liabilities 832,000 832,000 0
Net Assets 18,374,000 18,374,000 23,375,000
Share Capital & Reserves
Share Cap 1,000,000 1,000,000 1,000,000
Profit & Loss Reserves 17,905,000 17,905,000 22,602,000
Other Reserves -531,000 -531,000 -227,000
Shareholders Funds 18,374,000 18,374,000 23,375,000
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2014 31-Dec-2013
Tangible Fixed Assets - - -
Fixed Assets 8.8% 8.8% 3.0%
Stocks Inventory 0.0% 0.0% 0.0%
Debtors 38.2% 38.2% 47.1%
Cash Bank In Hand 19.1% 19.1% 22.0%
Current Assets 91.2% 91.2% 97.0%
Creditors Due Within One Year 89.8% 89.8% 88.2%
Net Current Assets Liabilities 1.5% 1.5% 8.8%
Creditors Due After One Year 0.4% 0.4% 0.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 9.8% 9.8% 11.8%
Called Up Share Capital 0.5% 0.5% 0.5%
Share Capital Allotted Called Up Paid 0.5% 0.5% 0.5%
Profit Loss Account Reserve 9.5% 9.5% 11.4%
Shareholder Funds 9.8% 9.8% 11.8%
Capital Employed - - -
Total Assets Less Current Liabilities 10.2% 10.2% 11.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2014 31-Dec-2013
Liquidity Ratio 1.0 1.0 1.1
Solvency Ratio 1.1 1.1 1.1
Reserves to Assets 0.1 0.1 0.1
Secured Creditors Unlock full report
Mortgages Charges 1
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 1
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2014 31-Dec-2013
Assets 188,098,000 188,098,000 197,442,000
Debt 169,724,000 169,724,000 174,067,000
Net Assets/Debt 18,374,000 18,374,000 23,375,000

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet indicates the net assets of a good sized company. For the size of the company inferred by the balance sheet this level of net assets suggests total debts and obligations were moderately well covered.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Consolidated accounts of parent company for subsidiary company period ending 31/12/24
Audit exemption statement of guarantee by parent company for period ending 31/12/24
Notice of agreement to exemption from audit of accounts for period ending 31/12/24
Confirmation statement made on 28 August 2025 with no updates
Appointment of Laura Mary Mccracken as a director on 9 May 2025
Termination of appointment of Andrew Charles Webster as a director on 23 April 2025
Change of details for Wgpsn (Holdings) Limited as a person with significant control on 30 November 2023
Confirmation statement made on 13 November 2024 with no updates
Consolidated accounts of parent company for subsidiary company period ending 31/12/23
Notice of agreement to exemption from audit of accounts for period ending 31/12/23
Audit exemption statement of guarantee by parent company for period ending 31/12/23
Appointment of Ms Sarah Marion Macrury as a secretary on 3 July 2024
Termination of appointment of Iain Angus Jones as a secretary on 12 June 2024
Director's details changed for Mr Andrew Charles Webster on 30 April 2022
Consolidated accounts of parent company for subsidiary company period ending 31/12/22
Consolidated accounts of parent company for subsidiary company period ending 31/12/22
Audit exemption statement of guarantee by parent company for period ending 31/12/22
Notice of agreement to exemption from audit of accounts for period ending 31/12/22
Registered office address changed from C/O Wood Group 15 Justice Mill Lane Aberdeen AB11 6EQ to Sir Ian Wood House Hareness Road Altens Industrial Estate Aberdeen AB12 3LE on 30 November 2023
Confirmation statement made on 13 November 2023 with no updates
Consolidated accounts of parent company for subsidiary company period ending 31/12/21
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