Stena Drilling Limited

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stena drilling limited Company Information

Company Number

00061135

Next Accounts

Sep 2025

Directors

Dan Olsson

Peter Claesson

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Shareholders

stena drilling (holdings) ltd

Group Structure

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Industry

Support activities for petroleum and natural gas extraction

Registered Address

6 arlington street, london, SW1A 1RE

Website

http://www.stena.co.uk

stena drilling limited Estimated Valuation

£135.3m

Pomanda estimates the enterprise value of STENA DRILLING LIMITED at £135.3m based on Net Assets of £97m and 1.4x industry multiple (adjusted for liquidity).

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Stena Drilling Limited is a live company located in london, SW1A 1RE with a Companies House number of 00061135. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in March 1899, it's largest shareholder is stena drilling (holdings) ltd with a 100% stake. Stena Drilling Limited is a mature, large sized company, Pomanda has estimated its turnover at £42m with healthy growth in recent years.

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Pomanda's financial health check has awarded Stena Drilling Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

1 Regular

2 Weak

Size

annual sales of £42m, make it larger than the average company (£17.1m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (3.4%)

EXPORT

Stena Drilling Limited's latest turnover from December 2023 is £42 million and the company has net assets of £97 million. According to their latest financial statements, Stena Drilling Limited has 130 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	41,952,560	41,100,377	33,079,311	34,190,522	33,799,181	35,106,948	43,503,800	53,510,582	59,403,398	52,769,243	41,214,667	31,924,604	31,752,706	29,791,058	25,328,338
Other Income Or Grants
Cost Of Sales	31,425,863	32,623,400	27,818,206	28,173,313	26,766,259	28,309,023	33,449,819	41,362,552	44,896,967	39,466,526	30,578,486	2,928,101	1,001,189	1,013,645	615,863
Gross Profit	10,526,698	8,476,977	5,261,105	6,017,209	7,032,922	6,797,925	10,053,981	12,148,030	14,506,431	13,302,718	10,636,182	28,996,503	30,751,517	28,777,412	24,712,476
Admin Expenses	1,964,021	-3,077,374	1,032,485	2,037,576	2,755,461	-142,306	-304,632	1,574,105	6,900,156	16,995,313	7,991,269	28,595,223	27,761,091	23,447,855	27,507,310
Operating Profit	8,562,677	11,554,351	4,228,620	3,979,633	4,277,461	6,940,231	10,358,613	10,573,925	7,606,275	-3,692,595	2,644,913	401,280	2,990,426	5,329,557	-2,794,834
Interest Payable	17,434,025	6,338,360	2,720,006	2,657,365	3,636,098	1,785,498	1,910,228	2,480,229	2,722,100	3,214,663	8,194,607	2,620,473	1,991,114	2,015,716	3,203,582
Interest Receivable	424,128	267,829	108,645	302,301	214,275	605,279	729,100	2,912,555	1,193,204	2,438,429	10,000,000	3,932,784	2,534,885	3,152,412	5,392,909
Pre-Tax Profit	-3,646,717	-2,886,428	1,260,282	-2,606,046	579,933	3,811,438	12,800,823	698,953	1,003,820	-11,050,150	4,449,004	1,709,442	3,543,583	6,441,277	-674,342
Tax	-907,948	-554,508	-1,175,695	-385,695	-1,488,957	-1,468,447	1,887,270	2,839,497	-3,554,418	-4,038,852	-7,833,789	-14,616,205	-11,530,568	2,339,790	-293,616
Profit After Tax	-4,554,665	-3,440,936	84,588	-2,991,741	-909,024	2,342,992	14,688,094	3,538,450	-2,550,597	-15,089,003	-3,384,786	-12,906,763	-7,986,985	8,781,067	-967,958
Dividends Paid													6,257,431
Retained Profit	-4,554,665	-3,440,936	84,588	-2,991,741	-909,024	2,342,992	14,688,094	3,538,450	-2,550,597	-15,089,003	-3,384,786	-12,906,763	-14,244,415	8,781,067	-967,958
Employee Costs	18,433,867	15,532,516	13,512,339	12,007,056	13,843,060	14,545,661	15,776,599	19,780,824	28,054,133	27,268,959	19,344,145	15,797,522	15,172,392	14,847,100	12,288,012
Number Of Employees	130	152	116	126	130	129	129	118	125	127	120	119	108	108	100
EBITDA*	9,233,428	15,091,109	7,889,182	8,082,752	7,602,018	8,829,642	12,732,742	12,971,304	10,286,109	-1,586,605	4,102,514	1,523,324	3,991,615	6,343,202	-2,178,972

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	7,261,231	7,070,373	10,955,300	12,679,015	11,918,970	10,350,424	13,047,023	14,852,752	17,920,019	20,138,990	12,446,268	9,106,158	9,650,209	6,022,782	5,759,624
Intangible Assets	2,965,756	3,112,630	2,195,406	5,938,577	8,632,441	6,408,525	6,641,862	6,319,199	6,769,894	5,974,965	4,338,934
Investments & Other	50,355,796	50,363,651	56,618,811	40,108,251	13,895	14,411	15,041	14,310	15,443	15,443	12,375	257,839	11,889	11,574	11,574
Debtors (Due After 1 year)
Total Fixed Assets	60,582,784	60,546,654	69,769,517	58,725,844	20,565,306	16,773,362	19,703,927	21,186,262	24,705,356	26,129,399	16,797,577	9,363,997	9,662,099	6,034,357	5,771,199
Stock & work in progress
Trade Debtors												4,742	2,688,192	2,363,548	38,377
Group Debtors	241,570,845	191,214,263	134,185,162	102,694,250	106,592,072	81,118,780	58,301,139	90,224,448	151,246,850	107,385,190	133,794,450	284,853,298	94,509,104	74,373,172	141,184,819
Misc Debtors	7,961,828	12,640,590	4,407,108	4,855,264	3,464,970	7,416,565	7,317,131	7,628,982	27,694,058	18,672,681	31,319,525	22,550,530	10,390,463	9,360,989	12,993,421
Cash							9,941,419			55,840,852	5,592,028	3,418,884	85,371,379	92,957,481	25,585
misc current assets
total current assets	249,532,674	203,854,854	138,592,271	107,549,515	110,057,043	88,535,346	75,559,690	97,853,431	178,940,909	181,898,724	170,706,005	310,827,455	192,959,139	179,055,190	154,242,203
total assets	310,115,457	264,401,508	208,361,788	166,275,359	130,622,349	105,308,708	95,263,616	119,039,693	203,646,265	208,028,123	187,503,582	320,191,453	202,621,238	185,089,547	160,013,402
Bank overdraft	170,758,718	136,511,938	69,543,691	42,862,641	57,218,078	18,764,411		5,056,112	34,448,508			106,501,097			4,953,095
Bank loan
Trade Creditors	18,773,170	11,283,380	12,375,446	11,857,108	4,198,479	8,701,456	7,620,329	9,392,182	12,523,775	25,801,024	15,075,550	11,528,659	2,674,426	6,603,923	8,451,511
Group/Directors Accounts	15,534,873	6,511,938	5,832,687	2,809,719	5,490,712	6,339,502	14,221,818	40,542,291	96,469,154	110,599,041	101,718,119	113,389,841	103,649,959	80,121,223	98,344,907
other short term finances			875,368	1,776,120				6,163,289	2,158,010	6,275,705
hp & lease commitments	785
other current liabilities	2,309,927	2,379,830	3,011,019	2,114,505	1,927,014	7,493,932	5,781,348	6,328,236	3,372,348	6,301,715	9,528,461	27,589,947	16,086,602	4,079,556	4,483,430
total current liabilities	207,377,474	156,687,088	91,638,212	61,420,095	68,834,284	41,299,302	27,623,496	67,482,112	148,971,795	148,977,485	126,322,131	259,009,543	122,410,988	90,804,703	116,232,943
loans
hp & lease commitments	3,103,989	3,056,079	3,382,740	3,531,392	2,144,215
Accruals and Deferred Income
other liabilities
provisions	1,652,529	1,966,698	3,395,933						1,063,155	1,069,657	1,751,986	1,603,935	1,969,213	1,929,824	6,481,481
total long term liabilities	5,729,658	5,022,777	6,778,675	3,531,393	2,144,215				1,063,155	1,069,658	1,751,986	1,603,936	6,993,930	5,975,877	8,695,785
total liabilities	213,107,132	161,709,865	98,416,887	64,951,487	70,978,499	41,299,302	27,623,496	67,482,112	150,034,951	150,047,143	128,074,117	260,613,479	129,404,918	96,780,580	124,928,728
net assets	97,008,325	102,691,643	109,944,901	101,323,871	59,643,850	64,009,405	67,640,120	51,557,581	53,611,314	57,980,980	59,429,465	59,577,974	73,216,319	88,308,967	35,084,673
total shareholders funds	97,008,325	102,691,643	109,944,901	101,323,871	59,643,850	64,009,405	67,640,120	51,557,581	53,611,314	57,980,980	59,429,465	59,577,974	73,216,319	88,308,967	35,084,673

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	8,562,677	11,554,351	4,228,620	3,979,633	4,277,461	6,940,231	10,358,613	10,573,925	7,606,275	-3,692,595	2,644,913	401,280	2,990,426	5,329,557	-2,794,834
Depreciation	670,751	1,314,797	1,473,692	1,843,477	1,682,024	1,889,411	2,374,129	2,397,379	2,679,834	2,105,990	1,457,601	1,122,044	1,001,189	1,013,645	615,863
Amortisation		2,221,960	2,186,869	2,259,642	1,642,533
Tax	-907,948	-554,508	-1,175,695	-385,695	-1,488,957	-1,468,447	1,887,270	2,839,497	-3,554,418	-4,038,852	-7,833,789	-14,616,205	-11,530,568	2,339,790	-293,616
Stock
Debtors	45,677,820	65,262,583	31,042,756	-2,507,528	21,521,697	22,917,074	-32,235,159	-81,087,478	52,883,036	-39,056,104	-142,294,594	199,820,810	21,490,051	-68,118,908	154,216,617
Creditors	7,489,790	-1,092,066	518,338	7,658,630	-4,502,977	1,081,127	-1,771,853	-3,131,593	-13,277,249	10,725,474	3,546,892	8,854,233	-3,929,497	-1,847,588	8,451,511
Accruals and Deferred Income	-69,903	-631,189	896,514	187,491	-5,566,918	1,712,584	-546,888	2,955,888	-2,929,367	-3,226,746	-18,061,486	11,503,345	12,007,046	-403,874	4,483,430
Deferred Taxes & Provisions	-314,169	-1,429,235	3,395,933					-1,063,155	-6,502	-682,329	148,051	-365,278	39,389	-4,551,657	6,481,481
Cash flow from operations	-30,246,622	-53,878,473	-19,518,485	18,050,706	-25,478,531	-12,762,168	44,536,430	95,659,419	-62,364,463	40,247,046	124,196,776	-192,921,391	-20,912,066	69,998,781	-137,272,782
Investing Activities
capital expenditure	-714,735	-569,054	1,806,325	-2,169,300	-7,117,019	1,040,524	-891,064	1,120,583	-1,255,791	-11,434,743	-9,136,645	-577,993	-4,628,616	-1,276,803	-6,375,487
Change in Investments	-7,854	-6,255,160	16,510,560	40,094,356	-516	-630	731	-1,133		3,069	-245,464	245,950	315		11,574
cash flow from investments	-706,881	5,686,106	-14,704,235	-42,263,656	-7,116,503	1,041,154	-891,795	1,121,716	-1,255,791	-11,437,812	-8,891,181	-823,943	-4,628,931	-1,276,803	-6,387,061
Financing Activities
Bank loans
Group/Directors Accounts	9,022,934	679,252	3,022,968	-2,680,994	-848,790	-7,882,315	-26,320,474	-55,926,863	-14,129,887	8,880,922	-11,671,721	9,739,881	23,528,736	-18,223,684	98,344,907
Other Short Term Loans		-875,368	-900,752	1,776,120			-6,163,289	4,005,279	-4,117,695	6,275,705
Long term loans
Hire Purchase and Lease Commitments	48,695	-326,661	-148,652	1,387,177	2,144,215
other long term liabilities
share issue	-1,128,653	-3,812,322	8,536,442	44,671,763	-3,456,532	-5,973,707	1,394,446	-5,592,184	-1,819,069	13,640,519	3,236,277	-731,582	-848,232	44,443,226	36,052,631
interest	-17,009,897	-6,070,531	-2,611,361	-2,355,064	-3,421,823	-1,180,219	-1,181,128	432,326	-1,528,896	-776,234	1,805,393	1,312,311	543,771	1,136,696	2,189,327
cash flow from financing	-9,066,921	-10,405,630	7,898,645	42,799,002	-5,582,930	-15,036,241	-32,270,445	-57,081,442	-21,595,547	28,020,912	-6,630,051	10,320,610	23,224,275	27,356,238	136,586,865
cash and cash equivalents
cash						-9,941,419	9,941,419		-55,840,852	50,248,824	2,173,144	-81,952,494	-7,586,102	92,931,896	25,585
overdraft	34,246,780	66,968,247	26,681,050	-14,355,437	38,453,667	18,764,411	-5,056,112	-29,392,396	34,448,508		-106,501,097	106,501,097		-4,953,095	4,953,095
change in cash	-34,246,780	-66,968,247	-26,681,050	14,355,437	-38,453,667	-28,705,830	14,997,531	29,392,396	-90,289,360	50,248,824	108,674,241	-188,453,591	-7,586,102	97,884,991	-4,927,510

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STENA DRILLING LIMITED group structure

Stena Drilling Limited has 4 subsidiary companies.

Ultimate parent company

STENA AB

#0005521

STENA DRILLING (HOLDINGS) LIMITED

02483165

2 parents

STENA DRILLING LIMITED

00061135

4 subsidiaries

STENA HSD LIMITED

02849743

STENA DRILLING (MONEY PURCHASE) PENSION TRUSTEE LIMITED

09985411

STENA EVOLVE LIMITED

13290359

SUBSEA LEASING LIMITED

02310248

STENA DRILLING LIMITED Shareholders

stena drilling (holdings) ltd

100%

Stena Drilling Limited currently has 5 directors. The longest serving directors include Mr Dan Olsson (Dec 1991) and Mr Peter Claesson (Mar 2008).

officer	country	age	start	end	role
Mr Dan Olsson	Sweden	78 years	Dec 1991	-	Director
Mr Peter Claesson		59 years	Mar 2008	-	Director
Mr Graeme Coutts	United Kingdom	66 years	Apr 2011	-	Director
Mr Erik Ronsberg	United Kingdom	52 years	Jan 2017	-	Director
Mr Marvin Odum Iii	England	66 years	Aug 2019	-	Director

P&L

December 2023

turnover

42m

+2%

operating profit

8.6m

-26%

gross margin

25.1%

+21.66%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

97m

-0.06%

total assets

310.1m

+0.17%

cash

net assets

Total assets minus all liabilities

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company number

00061135

Type

Private limited with Share Capital

industry

09100 - Support activities for petroleum and natural gas extraction

incorporation date

March 1899

ultimate parent company

STENA AB

previous names

stena houlder limited (February 1996)

houlder offshore limited (October 1989)

address

6 arlington street, london, SW1A 1RE

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 68 charges/mortgages relating to stena drilling limited. Currently there are 15 open charges and 53 have been satisfied in the past.

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stena drilling limited Company Information

stena drilling limited Estimated Valuation

stena drilling limited Estimated Valuation

stena drilling limited Estimated Valuation

Stena Drilling Limited Overview

Stena Drilling Limited Health Check

STENA DRILLING LIMITED financials

stena drilling limited Credit Report and Business Information

Stena Drilling Limited Competitor Analysis

stena drilling limited Ownership

stena drilling limited directors

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stena drilling limited Capital Raised & Share Issues BETA

stena drilling limited Companies House Filings - See Documents