{"name":"BARRIER (OFFSHORE) ENGINEERING LIMITED","company_number":"01664091","status":"Liquidation","type":"Private Limited Company","incorporated":"1982-09-14","dissolved":null,"registered_office":"Suite 5, 2nd Floor Regent Centre, Gosforth, Newcastle Upon Tyne, NE3 3LS","postcode":"NE3 3LS","sic_codes":[{"code":25110,"description":"Manufacture of metal structures and parts of structures"}],"principal_activity":null,"previous_names":[{"name":"BARRIER (ENGINEERING) LIMITED","changed_on":"1984-12-06"},{"name":"QUICK-SKIP (NORTH EAST) LIMITED ","changed_on":"1984-04-19"}],"warnings":["The annual accounts for this company are overdue.","The confirmation statement for this company is overdue."],"accounts":{"category":"Total Exemption Full","year_end":"31 January","last_made_up_to":"2019-01-31","next_due":"2021-01-31"},"employees":null,"financials":[{"financial_date":"2019-01-31","net_assets":287377,"cash":227302},{"financial_date":"2018-01-31","net_assets":432389,"cash":100946},{"financial_date":"2017-01-31","net_assets":603264,"cash":486195},{"financial_date":"2016-01-31","net_assets":1481549,"cash":736834},{"financial_date":"2015-01-31","net_assets":1530551,"cash":1296232}],"officers":{"current":3,"resigned":8,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":5,"outstanding":4},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":null,"links":{"page":"https://www.companiesintheuk.co.uk/ltd/barrier-(offshore)-engineering","people":"https://www.companiesintheuk.co.uk/company/barrier-(offshore)-engineering/people","filing_history":"https://www.companiesintheuk.co.uk/company/barrier-(offshore)-engineering/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/01664091","financials":"https://www.companiesintheuk.co.uk/company/barrier-(offshore)-engineering/financial","control":"https://www.companiesintheuk.co.uk/company/barrier-(offshore)-engineering/control","charges":"https://www.companiesintheuk.co.uk/company/barrier-(offshore)-engineering/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/barrier-(offshore)-engineering/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/barrier-(offshore)-engineering"}