BAKER HUGHES LIMITED

Active
Company number 01388658Private limited companyIncorporated 1978

Key figures

£542,072,000-9.2%
Net assets 2025
-9.2%
Average annual change 2024–2025
0200 m400 m600 m20242025

† BAKER HUGHES LIMITED filed these accounts on paper, so Companies House publishes them only as a scanned image. The figures for the years marked † were read automatically from the scan and kept only where the statements add up (for example net assets equal total equity), but a reading error is still possible — check the original accounts at Companies House.

Ratios

2025

Sector comparison

SIC 09100

Where the company stands among the 2,881 active companies whose first SIC code is 09100 (Support activities for petroleum and natural gas extraction).

Turnover£190,155,000
Higher than 92% · median £7,890,000 among 137 that publish turnover
Net assets£542,072,000
Higher than 99% · median £18,317
Total assets£1,010,932,000
Higher than 99% · median £51,672
Cash£1,265,000
Higher than 93% · median £35,907
Company age48.2 years
Older than 99% · median 8.8 years
Largest in this sector by net assets
  1. WOOD MACKENZIE LIMITED£1.1bn
  2. FORTUNE OIL LIMITED£728.7m
  3. SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED£690.8m
  4. HELIX ENERGY SOLUTIONS (U.K.) LIMITED£690.5m
  5. BAKER HUGHES LIMITED£542.1m
  6. HELIX OFFSHORE SERVICES LIMITED£514.9m
  7. TECHNIPFMC UK LIMITED£318.4m
  8. NATIONAL OILWELL VARCO UK LIMITED£318.3m
  9. CATS NORTH SEA LIMITED£288.5m
  10. NSMP OPERATIONS LIMITED£286.1m

Positions are approximate. Figures come from each company's latest accounts; money and employee figures are compared only with companies that filed accounts in pounds for a period ending in the last two and a half years and are not dormant, so those groups are smaller than 2,881. The line on each bar marks the median.

Summary: BAKER HUGHES LIMITED

What kind of company is it?

BAKER HUGHES LIMITED is a private limited company registered with Companies House under company number 01388658. It was incorporated on 13 Sep 1978. Its status is active. The registered office is in London (W6). Its nature of business (SIC 2007) is support activities for petroleum and natural gas extraction (09100).

How is the company doing financially?

The latest accounts in the database are for 2025 (period ending 31 Dec 2025); the company files full accounts. Turnover was £190,155,000. Loss for the year was £86,461,000. Net assets were £542,072,000, down 9.2% on the previous year. Cash at bank and in hand was £1,265,000. Total assets were £1,010,932,000 and total liabilities £450,916,000. Figures are available for 2 financial years (2024–2025).

How does it compare with similar companies?

Compared with 2,881 active companies whose first SIC code is 09100: By turnover it ranks higher than 92% of the 137 that publish turnover (median £7,890,000). By net assets it ranks higher than 99% of them (median £18,317). By total assets it ranks higher than 99% of them (median £51,672). By cash it ranks higher than 93% of them (median £35,907). It is older than 99% of them (median age 8.8 years).

Does it supply the public sector?

The company is named as the supplier in one public contract award notice, from Eden Geothermal Ltd. Contracts awarded to it alone have a combined published value of £272.6k.

What do public registers and reports show?

HMRC lists it as an importer of goods, mainly optical, medical and measuring instruments, miscellaneous manufactures, electrical equipment. HMRC lists it as an exporter of goods, mainly optical, medical and measuring instruments, electrical equipment, railway equipment. In its latest payment practices report it took an average of 28 days to pay suppliers, and 32% of invoices were not paid within agreed terms. Its gender pay gap report for 2025/26 shows median hourly pay for women 14.3% lower than for men. It has modern slavery statements on the government registry for 6 years.

Who runs and controls the company?

One person with significant control is registered.

When are its next filings due?

The next accounts are due by 30 Sep 2027. The next confirmation statement is due by 3 Feb 2027.

Filed accounts2024–2025
2024 †2025 †
Turnover223,485,000190,155,000
Profit for the year-47,555,000-86,461,000
Cash at bank and in hand761,0001,265,000
Total assets922,821,0001,010,932,000
Total liabilities319,540,000450,916,000
Net assets / total equity597,020,000542,072,000

A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.

Public contracts

1 contract

BAKER HUGHES LIMITED is named as a supplier in 1 public contract award notice from Eden Geothermal Ltd. Its published value is £272.6k.

Contract
  1. Drilling Fluids (Mud) Services for Drilling a Geothermal Well‡Eden Geothermal Ltd · £272,581

From contract award notices on Contracts Finder (since 2016) and Find a Tender (since 2021), published by the Cabinet Office under the Open Government Licence v3.0. Values are as published by the buyer and usually cover the whole contract term; the total leaves out awards shared between several suppliers, where the published figure is a ceiling for all of them, placeholder values and single figures of £1 billion or more. Notices marked ‡ do not state a company number and were linked by an exact match on the registered name. Contracts below the publication thresholds and those of devolved buyers that publish elsewhere are not included.

Statutory reporting

Payment practices1 Jan 2022 – 30 Jun 2022
Average time taken to pay invoices
28 days
Invoices not paid within agreed terms
32%
Standard payment terms
60–120 days
Member of a payment code
No
  • Within 30 days 61%
  • 31 to 60 days 27%
  • After 60 days 12%
Earlier periods (7)
Period ending
Days to pay
Within 30 days
Late
31 Dec 2021
34
53%
58%
30 Jun 2021
31
59%
62%
31 Dec 2020
60
25%
87%
30 Jun 2020
54
25%
76%
31 Dec 2019
52
26%
74%
30 Jun 2019
51
27%
74%
31 Dec 2018
53
29%
74%

View the latest report on GOV.UK

Gender pay gap2025/26
Median hourly pay
women 14.3% lower
Mean hourly pay
women 0.4% lower
Median bonus pay
women 1.9% higher
Employer size
500 to 999 employees
Lower pay quarter21% womenLower middle29% womenUpper middle21% womenUpper pay quarter15% women
Earlier years (7)
Year
Median hourly pay
Mean hourly pay
2024/25
women 18% lower
women 12.5% lower
2023/24
women 23.2% lower
women 15.7% lower
2022/23
women 17.7% lower
women 12.7% lower
2021/22
women 12.2% lower
women 9.4% lower
2020/21
women 13.4% lower
women 12.9% lower
2018/19
women 20.2% lower
women 25.2% lower
2017/18
women 23.2% lower
women 20.9% lower

A positive gap means women's average hourly pay is lower than men's across the whole employer; it is not a comparison of pay for the same work. View on the Gender pay gap service

Modern slavery statements6
2026
Statement · summary on GOV.UK · group statement (Baker Hughes Company)
2025
Statement · summary on GOV.UK · group statement (Baker Hughes Company)
2024
Statement · summary on GOV.UK · group statement (Baker Hughes Company)
Earlier years (3)
2023
Statement · summary on GOV.UK · group statement (Baker Hughes Company)
2022
Statement · summary on GOV.UK · group statement (Baker Hughes Company)
2020
Statement · summary on GOV.UK · group statement (Baker Hughes Company)

Figures the company reported itself to the government's Check payment practices service, Gender pay gap service and Modern slavery statement registry (Open Government Licence v3.0). Only large companies and employers with 250 or more staff have to report, so most companies have nothing here.

Registers and licences

International trade‡

Listed by HMRC as an importer of goods in 12 of the last 12 months on record, most recently August 2026. Main goods: optical, medical and measuring instruments, miscellaneous manufactures, electrical equipment, railway equipment and machinery.

Listed by HMRC as an exporter of goods in 12 of the last 12 months on record, most recently August 2026. Main goods: optical, medical and measuring instruments, electrical equipment, railway equipment, machinery and furniture and lighting.

From HMRC's monthly lists of importers and exporters. Traders can ask to be left off the lists, so absence does not mean a company does not trade.

Sources: Charity Commission for England and Wales, Care Quality Commission, Home Office and HM Revenue & Customs, under the Open Government Licence v3.0. Entries marked ‡ come from lists that do not state a company number and were linked by an exact match on the registered name.

History

8 events
  1. Financial year 2025 endedAccounts: turnover £190.2m, net assets £542.1m
  2. Baker Hughes Company registered as a person with significant control
  3. Financial year 2024 endedAccounts: turnover £223.5m, net assets £597m
  4. Baker Hughes, A Ge Company registered as a person with significant control
  5. Baker Hughes, A Ge Company ceased to be a person with significant control
  6. Baker Hughes Incorporated ceased to be a person with significant control
  7. Baker Hughes Incorporated registered as a person with significant control
  8. Company incorporatedPrivate limited company

Dates as recorded at Companies House: incorporation, name changes, officer appointments and resignations, current and former persons with significant control, and the end of each financial year with figures in the database.