Company Registration Number: SC085501
FOR THE YEAR ENDED 31 DECEMBER 2025
TRITECH INTERNATIONAL LIMITED
COMPANY INFORMATION
TRITECH INTERNATIONAL LIMITED
CONTENTS
TRITECH INTERNATIONAL LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their strategic report for the year ended 31 December 2025.
The company is a high-technology business dedicated to providing the reference equipment to the industries it serves. The company designs and manufactures imaging and ancillary equipment for use in underwater applications including defence, energy, engineering, survey and underwater vehicles.
The company’s products are distributed and sold around the world.
The accounting period reported in these financial statements covers the period from 1st January 2025 to 31st December 2025.
The results for the period and financial position of the company are as shown in the financial statements.
The company’s products are distributed and sold around the world.
The accounting period reported in these financial statements covers the period from 1st January 2025 to 31st December 2025.
The results for the period and financial position of the company are as shown in the financial statements.
The company’s key performance indicators during the period were:
Page 1
TRITECH INTERNATIONAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Price of oil
The price of Brent Crude oil per barrel has fluctuated throughout the period, ranging from a low of circa $60 up to a high of circa $75, at period end the price of oil per barrel was circa $63.
The company’s product portfolio supports a range of subsea infrastructure activities include O&G, renewables installation and maintenance, as well as defence. This market diversity provides mitigation to volatility in the oil price, as evidenced by increased sales volume during a period of oil price reduction.
Competitive pressure
Competitive pressure in all the company’s markets is a continuing risk for the company. The company manages this risk by maintaining leading-edge technology in its product ranges; ensuring products employ technologies and features that are both current and relevant, by setting the highest quality standards of production, and by providing the highest standards of customer support and service.
The price of Brent Crude oil per barrel has fluctuated throughout the period, ranging from a low of circa $60 up to a high of circa $75, at period end the price of oil per barrel was circa $63.
The company’s product portfolio supports a range of subsea infrastructure activities include O&G, renewables installation and maintenance, as well as defence. This market diversity provides mitigation to volatility in the oil price, as evidenced by increased sales volume during a period of oil price reduction.
Competitive pressure
Competitive pressure in all the company’s markets is a continuing risk for the company. The company manages this risk by maintaining leading-edge technology in its product ranges; ensuring products employ technologies and features that are both current and relevant, by setting the highest quality standards of production, and by providing the highest standards of customer support and service.
Global economic climate
The global economic climate continues to present a risk for the company. The company continues to pursue a diversification strategy in order to manage the risk of any one market downturn.
Whilst the company continues to be aware of the impact on the global economy from the ongoing conflict in Ukraine and also the potential impact to its supply chain from the ongoing conflict in the Middle East during this period, it has not had a negative impact on the financial results of the business. Ongoing challenges sourcing key electronics components for the business have largely been mitigated through strategic buying, and continuing to focus on the strong working relationships that have been developed with it’s key suppliers. This ongoing planning continues to have a positive impact overall both for supply stability and cost control. In a period of strong growth for the company, it has not experienced any negative supply chain impacts and whilst this growth is forecast to continue for future periods, which will create unique challenges, the company has no concern about maintaining supply to meet customer demand.
The company is monitoring the impact of worldwide trade arrangements and different approaches from new governments, especially in relation to potential tariff strategies, but believes it is well placed to both continue to source and purchase the required technology, but also to continue to grow its international business overall.
Whilst the company continues to be aware of the impact on the global economy from the ongoing conflict in Ukraine and also the potential impact to its supply chain from the ongoing conflict in the Middle East during this period, it has not had a negative impact on the financial results of the business. Ongoing challenges sourcing key electronics components for the business have largely been mitigated through strategic buying, and continuing to focus on the strong working relationships that have been developed with it’s key suppliers. This ongoing planning continues to have a positive impact overall both for supply stability and cost control. In a period of strong growth for the company, it has not experienced any negative supply chain impacts and whilst this growth is forecast to continue for future periods, which will create unique challenges, the company has no concern about maintaining supply to meet customer demand.
The company is monitoring the impact of worldwide trade arrangements and different approaches from new governments, especially in relation to potential tariff strategies, but believes it is well placed to both continue to source and purchase the required technology, but also to continue to grow its international business overall.
Foreign exchange
For this period the company’s foreign exchange risk has been effectively managed internally, with the company’s focus on ensuring that it has the correct level of expertise internally to ensure that this risk can continue to be effectively mitigated through 2026 and onwards, without the need for corporate support.
Interest rates
The company has nil borrowings and volatility in interest rate does not represent a risk.
Cyber Security
The company has continued its program of IT infrastructure investment during 2025, with expenditure on new hardware and software solutions of over £60k for the year. Work is continuing on implementing Cyber Essentials and ensuring robust business continuity plans are in place.
New Product Risk
The company is focused on developing high performance solutions to the market to support diversification. As this is primarily an R&D function there is no guarantee that this investment will yield intended results.
Group risks
Group risks are discussed in General Oceans Annual Reports which do not form a part of this report.
Page 2
TRITECH INTERNATIONAL LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The company continues to seek opportunities by the introduction of new products into existing markets, diversification into new markets in partnership with other businesses in the General Oceans Group and continuing to invest in business development to expand our geographic coverage and building on its reputation for supporting its customers worldwide.
This report was approved by the board and signed on its behalf.
Page 3
TRITECH INTERNATIONAL LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their annual report and the audited financial statements for the year ended 31 December 2025.
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The profit for the year, after taxation, amounted to £2,382,272 (2024 - £2,458,044).
Ordinary dividends were paid out amounting to £2,205,000. The directors do not recommend payment of a further dividend.
The directors who served during the year were:
Page 4
TRITECH INTERNATIONAL LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Details of risks and uncertainties, subsequent events and likely future developments are discussed in the strategic report.
Financial risk management objectives and policies
The company’s key performance indicators and financial risk management policies are described in the strategic report.
Overseas operations
The company has a branch, trading as Tritech North America, based in Houston TX. There has been a gradual increase in trading activities through the branch during 2025, although primary focus has been on business development activities for future revenue growth. A business development manager has been employed during 2024 and plans are in place for 2026 to expand the number of staff and to increase it’s footprint with the key objective of growing our business in North America.
Going Concern
Current economic conditions continue to create uncertainty over the level of demand for the company’s products. The company has net assets and a positive cash balance as set out in the balance sheet. The directors have a reasonable expectation that, despite current economic uncertainty, including inflationary pressure impacted by the war in Ukraine and conflicts in the Middle East, the potential future impact of trade tariffs which will impact one of our largest markets, the company has adequate resources to continue in operational existence for the foreseeable future. The directors continue to adopt the going concern basis in preparing the annual report and financial statements. Further details regarding the adoption of the going concern basis can be found in note 1 to the financial statements.
The company recognises the importance of its environmental responsibilities, monitors its impact on the environment and designs and implements policies to reduce any damage that might be caused by its activities. The installation of a solar PV System for a total capex investment of £155k was completed in February 2024.
Other initiatives designed to minimise the company’s impact on the environment include safe disposal of manufacturing waste, recycling and reducing energy consumption.
Other initiatives designed to minimise the company’s impact on the environment include safe disposal of manufacturing waste, recycling and reducing energy consumption.
Page 5
TRITECH INTERNATIONAL LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
There have been no significant events affecting the Company since the year end.
Under section 487(2) of the Companies Act 2006, Armstrong Watson Audit Limited will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
This report was approved by the board and signed on its behalf.
Page 6
TRITECH INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TRITECH INTERNATIONAL LIMITED
We have audited the financial statements of Tritech International Limited (the 'Company') for the year ended 31 December 2025, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Page 7
TRITECH INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TRITECH INTERNATIONAL LIMITED (CONTINUED)
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
Page 8
TRITECH INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TRITECH INTERNATIONAL LIMITED (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
• the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and knowledge of the Company to identify or recognise non-compliance with applicable laws
and regulations;
• we identified the laws and regulations applicable to the Company through discussions with the directors
and other management and review of appropriate industry knowledge. Key laws and regulations we
identified during the audit were the UK Companies Act 2006, UK tax legislation and occupational health and
employment legislation.
• we assessed the extent of compliance with the laws and regulations identified above by making enquiries
of management; and
• identified laws and regulations were communicated within the audit team regularly and the team remained
alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the Company’s financial statements to material misstatement, including
obtaining an understanding of how fraud might occur, by:
• making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud; and
• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we:
• performed analytical procedures as a risk assessment tool to identify any unusual or unexpected
relationships;
• tested journal entries recorded on the Company’s finance system to identify unusual transactions that may
indicate override of controls;
• reviewed the application of accounting policies with focus on those with heightened estimation uncertainty.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to:
• agreeing financial statement disclosures to underlying supporting documentation; and
• enquiring of management to identify actual and potential litigation and claims.
• obtained and reviewed HSE reports to corroborate managements' assessment and to assess potential
• we assessed the extent of compliance with the laws and regulations identified above by making enquiries
of management; and
• identified laws and regulations were communicated within the audit team regularly and the team remained
alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the Company’s financial statements to material misstatement, including
obtaining an understanding of how fraud might occur, by:
• making enquiries of management as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud; and
• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we:
• performed analytical procedures as a risk assessment tool to identify any unusual or unexpected
relationships;
• tested journal entries recorded on the Company’s finance system to identify unusual transactions that may
indicate override of controls;
• reviewed the application of accounting policies with focus on those with heightened estimation uncertainty.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to:
• agreeing financial statement disclosures to underlying supporting documentation; and
• enquiring of management to identify actual and potential litigation and claims.
• obtained and reviewed HSE reports to corroborate managements' assessment and to assess potential
litigations and claims.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
Page 9
TRITECH INTERNATIONAL LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF TRITECH INTERNATIONAL LIMITED (CONTINUED)
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
James Watson House
Page 10
TRITECH INTERNATIONAL LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 11
TRITECH INTERNATIONAL LIMITED
REGISTERED NUMBER: SC085501
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 15 to 30 form part of these financial statements.
Page 12
TRITECH INTERNATIONAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 13
TRITECH INTERNATIONAL LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 14
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Tritech International Limited is a private company limited by shares incorporated in Scotland. The registered office is Peregrine Road, Westhill Business Park, Westhill, Aberdeenshire, AB32 6JL.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of General Oceans AS as at 31 December 2025 and these financial statements may be obtained from General Oceans AS, 4th Floor, 78 Duke Street, Mayfair, London, W1K 6JQ..
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions through the profit and loss are translated in the functional currency at the rate of the last day of the previous month.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Page 15
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Page 16
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.
Page 17
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
The estimated useful lives range as follows:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Page 18
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Page 19
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.
Revenue recognition
Turnover in relation to the sale of goods is recognised when the significant risks and rewards of ownership are considered to have been transferred to the buyer, as defined by the terms of each order. Turnover in relation to services is recognised once all agreed work has been performed. An exercise is performed at period end to ascertain whether such risks and rewards have been transferred and whether such work has been completed.
Revenue on long-term contracts is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred as a proportion of total estimated costs for a contract.
Warranty provision
A warranty is issued on sales, and management review annually to determine whether a warranty provision is required.
Debt provision
The company exercises judgement as to its ability to collect outstanding trade debtors and in the event that such recoverability becomes uncertain, makes provision against that debt. The company analyses its historical collection experience and current economic trends when determining the extent to which a provision is made.
Stock provision
The carrying value of the company's stock has been reviewed using commercial judgement with regard to the assessment of the appropriate level of provisioning against stock obsolescence.
Page 20
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 21
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 22
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 23
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 24
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
11.Taxation (continued)
Page 25
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
Page 26
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
||||||
|
|
Page 27
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 28
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
|
|
||
|
|
||
|
|
||
|
|
||
|
|
||
|
|
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £259,611 (2024 - £502,562). Contributions totalling £67,577 (2024 - £82,538 ) were payable to the fund at 31 December 2025 and are included in creditors.
Page 29
TRITECH INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
The immediate parent company is General Oceans UK Holdings Limited which is incorporated in Scotland. The ultimate parent company and controlling party of Tritech International Limited and the parent company of the only group for which consolidated financial statements are prepared which include the company is General Oceans AS . The financial statements of General Oceans AS can be obtained from: General Oceans AS, 4th Floor, 78 Duke Street, London, W1K 6JQ . The ultimate controlling party is Mr Atle Lohrmann .
Page 30