STARN ENERGY SERVICES GROUP LIMITED
Company number SC466142 · Monitor this company
Executive summary
Starn Energy Services Group Limited is in critical financial health, with net assets of negative £52.1 million, liabilities exceeding assets by a factor of 2.57, and an explicit material going concern uncertainty raised by its auditors. The company is balance-sheet insolvent and is only continuing to trade due to group and banking support that cannot be guaranteed. Without significant debt restructuring, equity injection from the parent company, or strategic disposal of subsidiary investments, the prognosis is poor and the risk of formal insolvency proceedings is material.
Shareholders' funds
-£56,590,067
Balance sheet as at 2025-05-31
What it does
The principal activity of the Company continues to be an investment holding company for the Starn Group's trading subsidiaries. The subsidiary undertakings held directly and indirectly by the Company are listed in note 13 to the financial statements.
The company's own description, from its latest filed accounts.
Overview
- Company type
- Private Limited Company
- Incorporated
- 2013-12-18
- Employees
- 48 (2025 accounts · was 55 in 2024)
- Registered office
- 2 Marischal Square, Broad Street, Aberdeen, Scotland, AB10 1DQ
- Postcode
- AB10 1DQ
- Capital
- 1,437,196 GBP
- Accounts category
- Full
- Charges
- 0 outstanding
Accounts
- Last made up to
- 2025-05-31
- Next due by
- 2027-02-28
- Financial year end
- 29 May
Confirmation statement
- Last statement dated
- 2025-11-04
- Next due by
- 2026-11-18
Nature of business (SIC)
- 70100 Activities of head offices
Officers 6 current · 17 resigned
Group structure 3 subsidiaries
Controlled by STARN GROUP LIMITED — since 2016-04-06
-
STARN IPC LIMITED Dissolved
From persons-with-significant-control filings on the public register.
Licensed visa sponsor
Licensed by the Home Office to sponsor worker visas: Skilled Worker (Worker (A rating)).
Matched by registered name to the register of licensed sponsors (Home Office, updated daily) — check the register itself before relying on it. Contains public sector information licensed under the Open Government Licence v3.0.
Previous company names
| Name | Date changed |
|---|---|
| SAFFRON UK ACQUISITIONCO LIMITED | 2014-02-13 |
At this address
2nd largest employer
of 52 similar companies in AB, with 48 staff.
Competitors Aberdeen
This company ranks 113 among activities of head offices in Aberdeen.
The class of 2013
44%
of the 2,068 companies in this sector incorporated in 2013 are still active today; 53% have since been dissolved.
A fact about the year, not a forecast for this company.