BARRIER (OFFSHORE) ENGINEERING LIMITED
Company number 01664091 · Monitor this company
The annual accounts for this company are overdue.
The confirmation statement for this company is overdue.
Executive summary
Barrier (Offshore) Engineering Limited has entered liquidation after a sustained period of value destruction, with net assets declining 81% from £1.53M (2015) to £287K (2019), driven by sector concentration in a contracting offshore oil & gas market and an inability to pivot toward renewables or decommissioning opportunities. The company's legitimate strategic assets—deep sector expertise, Northeast England positioning, and a skilled 23-person workforce—were insufficient to overcome chronic underinvestment (fully depreciated asset base of just £38K) and working capital deterioration. This liquidation represents a failure not of capability, but of strategic adaptation and capital allocation in the face of predictable market transition.
Shareholders' funds
£287,377
Balance sheet as at 2019-01-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 1982-09-14
- Registered office
- Suite 5, 2nd Floor Regent Centre, Gosforth, Newcastle Upon Tyne, NE3 3LS
- Postcode
- NE3 3LS
- Capital
- 500 GBP
- Accounts category
- Total Exemption Full
- Charges
- 4 outstanding
Accounts
- Last made up to
- 2019-01-31
- Next due by
- 2021-01-31 Overdue
- Financial year end
- 31 January
Confirmation statement
- Last statement dated
- 2019-10-05
- Next due by
- 2020-11-16 Overdue
Nature of business (SIC)
- 25110 Manufacture of metal structures and parts of structures
Officers 3 current · 8 resigned
Previous company names
| Name | Date changed |
|---|---|
| BARRIER (ENGINEERING) LIMITED | 1984-12-06 |
| QUICK-SKIP (NORTH EAST) LIMITED | 1984-04-19 |
Previous registered addresses 1
| Address | Changed on |
|---|---|
| HAVERTON HILL INDUSTRIAL ESTATE, HAVERTON HILL ROAD, BILLINGHAM, CLEVELAND, TS23 1PZ | 2020-07-14 |
The class of 1982
53%
of the 12,656 companies incorporated in 1982 are still active today; 39% have since been dissolved.
A fact about the year, not a forecast for this company.