fmc technologies limited

2.5

fmc technologies limited Company Information

Share FMC TECHNOLOGIES LIMITED
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MatureMegaDeclining

Company Number

00259569

Registered Address

hadrian house wincomblee road, newcastle upon tyne, NE6 3PL

Industry

Support activities for petroleum and natural gas extraction

 

Manufacture of metal structures and parts of structures

 

Telephone

02034293950

Next Accounts Due

September 2024

Group Structure

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Directors

Tomas Bille4 Years

Brenda Mennie2 Years

View All

Shareholders

fmc kongsberg subsea as 100%

fmc technologies limited Estimated Valuation

£110.8m

Pomanda estimates the enterprise value of FMC TECHNOLOGIES LIMITED at £110.8m based on a Turnover of £149.3m and 0.74x industry multiple (adjusted for size and gross margin).

fmc technologies limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FMC TECHNOLOGIES LIMITED at £0 based on an EBITDA of £-27.2m and a 4.39x industry multiple (adjusted for size and gross margin).

fmc technologies limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FMC TECHNOLOGIES LIMITED at £0 based on Net Assets of £-195.2m and 1.99x industry multiple (adjusted for liquidity).

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Fmc Technologies Limited AI Business Plan

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Fmc Technologies Limited Overview

Fmc Technologies Limited is a live company located in newcastle upon tyne, NE6 3PL with a Companies House number of 00259569. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in October 1931, it's largest shareholder is fmc kongsberg subsea as with a 100% stake. Fmc Technologies Limited is a mature, mega sized company, Pomanda has estimated its turnover at £149.3m with declining growth in recent years.

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Fmc Technologies Limited Health Check

Pomanda's financial health check has awarded Fmc Technologies Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £149.3m, make it larger than the average company (£13.6m)

£149.3m - Fmc Technologies Limited

£13.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (1.7%)

-16% - Fmc Technologies Limited

1.7% - Industry AVG

production

Production

with a gross margin of 1.2%, this company has a higher cost of product (22.2%)

1.2% - Fmc Technologies Limited

22.2% - Industry AVG

profitability

Profitability

an operating margin of -22.5% make it less profitable than the average company (5.8%)

-22.5% - Fmc Technologies Limited

5.8% - Industry AVG

employees

Employees

with 768 employees, this is above the industry average (59)

768 - Fmc Technologies Limited

59 - Industry AVG

paystructure

Pay Structure

on an average salary of £71.4k, the company has a higher pay structure (£56.6k)

£71.4k - Fmc Technologies Limited

£56.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £194.4k, this is equally as efficient (£189.1k)

£194.4k - Fmc Technologies Limited

£189.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 26 days, this is earlier than average (58 days)

26 days - Fmc Technologies Limited

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 56 days, this is slower than average (39 days)

56 days - Fmc Technologies Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 61 days, this is more than average (35 days)

61 days - Fmc Technologies Limited

35 days - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Fmc Technologies Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 209.5%, this is a higher level of debt than the average (57.2%)

209.5% - Fmc Technologies Limited

57.2% - Industry AVG

fmc technologies limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Fmc Technologies Limited Competitor Analysis

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Perform a competitor analysis for fmc technologies limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

fmc technologies limited Ownership

FMC TECHNOLOGIES LIMITED group structure

Fmc Technologies Limited has 6 subsidiary companies.

FMC TECHNOLOGIES LIMITED Shareholders

fmc kongsberg subsea as 100%

fmc technologies limited directors

Fmc Technologies Limited currently has 4 directors. The longest serving directors include Mr Tomas Bille (Feb 2020) and Mrs Brenda Mennie (Apr 2022).

officercountryagestartendrole
Mr Tomas BilleNorway51 years Feb 2020- Director
Mrs Brenda MennieUnited Kingdom59 years Apr 2022- Director
Mr Ewan ReedScotland50 years Feb 2024- Director
Mr Alan MorrisUnited Kingdom54 years Feb 2024- Director

FMC TECHNOLOGIES LIMITED financials

EXPORTms excel logo

Fmc Technologies Limited's latest turnover from December 2022 is £149.3 million and the company has net assets of -£195.2 million. According to their latest financial statements, Fmc Technologies Limited has 768 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover149,325,217238,099,021292,635,240247,517,757150,518,575172,820,013149,682,183313,663,000365,838,000337,451,000284,559,000206,008,000198,709,000238,794,000
Other Income Or Grants00000000000000
Cost Of Sales147,468,390244,127,627345,815,964266,168,516165,987,783179,002,105150,216,635279,240,000312,605,000290,340,000246,162,000197,787,000154,617,000184,186,000
Gross Profit1,856,827-6,028,606-53,180,724-18,650,759-15,469,208-6,182,092-534,45234,423,00053,233,00047,111,00038,397,0008,221,00044,092,00054,608,000
Admin Expenses35,502,49624,123,17921,071,74521,151,69116,914,97012,940,83817,944,73529,289,00034,675,00018,783,00020,584,00018,090,00016,973,00013,956,000
Operating Profit-33,645,669-30,151,785-74,252,469-39,802,450-32,384,178-19,122,930-18,479,1875,134,00018,558,00028,328,00017,813,000-9,869,00027,119,00040,652,000
Interest Payable5,580,5351,985,0551,642,9862,443,5661,936,2142,122,7692,645,6563,733,0004,443,00011,053,0009,246,0008,353,0008,045,0007,529,000
Interest Receivable1,516,88511,000136,0000566,998525,3791,194,6891,869,0001,621,00011,703,00010,226,00011,687,0009,540,0008,199,000
Pre-Tax Profit-37,709,319-32,125,840-75,759,455-42,246,016-33,753,394-20,720,320-19,930,1543,270,00015,736,00028,978,00018,793,000-7,036,00028,614,00041,322,000
Tax6,443,4356,008,22218,093,0527,774,9164,352,3934,135,4002,765,429338,000-4,216,000-7,090,000-5,100,0002,034,000-8,612,000-11,275,000
Profit After Tax-31,265,884-26,117,618-57,666,403-34,471,100-29,401,001-16,584,920-17,164,7253,608,00011,520,00021,888,00013,693,000-5,002,00020,002,00030,047,000
Dividends Paid00000000000036,000,0005,872,000
Retained Profit-31,265,884-26,117,618-57,666,403-34,471,100-29,401,001-16,584,920-17,164,7253,608,00011,520,00021,888,00013,693,000-5,002,000-15,998,00024,175,000
Employee Costs54,808,78552,799,50158,743,25857,694,48550,624,85247,621,88949,511,68874,592,00075,822,00068,994,00060,162,00046,034,00040,933,00039,973,000
Number Of Employees7688128948267187158101,1421,2591,2341,152901816819
EBITDA*-27,234,441-24,377,378-68,308,710-33,374,469-26,383,218-15,284,348-14,430,44910,865,00023,869,00033,428,00021,004,000-6,534,00030,333,00043,497,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets25,291,87929,214,26933,423,16536,084,61640,582,06240,753,95046,408,00066,218,00094,649,00082,739,00057,959,00042,811,00033,044,00030,210,000
Intangible Assets3,022,8203,332,9533,643,0865,153,2205,958,452003,630,0003,951,0004,272,0004,593,000000
Investments & Other615,65160,000,54114,210,8477,588,4687,588,4687,588,4687,588,468005,103,0000000
Debtors (Due After 1 year)000493,389493,32109,000,00033,000,00033,423,00000000
Total Fixed Assets28,930,35092,547,76351,277,09849,319,69354,622,30348,342,41862,996,468102,848,000132,023,00092,114,00062,552,00042,811,00033,044,00030,210,000
Stock & work in progress24,901,55426,569,73038,967,83039,351,61925,137,46118,376,14224,754,64648,201,00056,549,00057,650,00047,943,00031,883,00026,565,00038,016,000
Trade Debtors10,721,1407,749,1973,630,5287,263,6267,215,8234,849,5799,984,62320,679,00039,290,00059,070,00039,672,00024,354,00025,863,00019,478,000
Group Debtors109,209,408110,531,942130,189,45496,755,25597,025,26390,573,77594,130,832224,466,000140,985,000145,557,000146,563,000128,567,00099,300,00074,990,000
Misc Debtors4,563,9636,774,57210,799,69120,875,16113,912,43312,504,18212,269,27317,878,00017,369,00014,288,00013,600,00011,369,0003,017,0006,145,000
Cash002,178,6402,178,9012,208,7812,246,1782,295,27498,000239,000319,000428,000197,000160,000545,000
misc current assets00000000000000
total current assets149,396,065151,625,441185,766,143166,424,562145,499,761128,549,856143,434,648311,322,000254,432,000276,884,000248,206,000196,370,000154,905,000139,174,000
total assets178,326,415244,173,204237,043,241215,744,255200,122,064176,892,274206,431,116414,170,000386,455,000368,998,000310,758,000239,181,000187,949,000169,384,000
Bank overdraft0000000680,000669,000607,000581,000507,000482,000518,000
Bank loan00000000000000
Trade Creditors 22,684,28124,984,25442,934,18640,378,88419,455,22315,972,45911,941,24118,890,00029,641,00040,536,00026,711,00031,720,00011,087,00015,957,000
Group/Directors Accounts334,683,402306,649,826276,233,822193,363,266166,511,722124,289,355129,665,930271,497,000239,142,000213,177,000194,700,00098,834,00071,103,00030,585,000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities12,480,30912,970,75913,534,01215,719,58513,596,02010,517,09812,312,48015,170,00014,496,00019,496,00014,277,00035,585,00031,297,00032,278,000
total current liabilities369,847,992344,604,839332,702,020249,461,735199,562,965150,778,912153,919,651306,237,000283,948,000273,816,000236,269,000166,646,000113,969,00079,338,000
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income0003,845,0006,452,00000000001,919,0000
other liabilities370,474440,862615,1760001,388,8070000000
provisions3,311,0102,675,68014,840,6036,272,1093,025,7193,827,4894,075,2942,146,0001,367,0005,154,0003,135,00010,595,0002,843,0001,046,000
total long term liabilities3,681,4843,116,54215,455,77929,179,73019,468,34011,591,11045,141,10122,306,00020,771,0005,154,00012,733,00021,261,0007,848,0004,153,000
total liabilities373,529,476347,721,381348,157,799278,641,465219,031,305162,370,022199,060,752328,543,000304,719,000278,970,000249,002,000187,907,000121,817,00083,491,000
net assets-195,203,061-103,548,177-111,114,558-62,897,210-18,909,24114,522,2527,370,36485,627,00081,736,00090,028,00061,756,00051,274,00066,132,00085,893,000
total shareholders funds-195,203,061-103,548,177-111,114,558-62,897,210-18,909,24114,522,2527,370,36485,627,00081,736,00090,028,00061,756,00051,274,00066,132,00085,893,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-33,645,669-30,151,785-74,252,469-39,802,450-32,384,178-19,122,930-18,479,1875,134,00018,558,00028,328,00017,813,000-9,869,00027,119,00040,652,000
Depreciation6,101,0955,464,2735,633,6255,963,7495,575,4123,838,5824,048,7385,410,0004,990,0004,779,0003,064,0003,335,0003,214,0002,845,000
Amortisation310,133310,134310,134464,232425,54800321,000321,000321,000127,000000
Tax6,443,4356,008,22218,093,0527,774,9164,352,3934,135,4002,765,429338,000-4,216,000-7,090,000-5,100,0002,034,000-8,612,000-11,275,000
Stock-1,668,176-12,398,100-383,78914,214,1586,761,319-6,378,504-23,446,354-8,348,000-1,101,0009,707,00016,060,0005,318,000-11,451,00038,016,000
Debtors-561,200-19,563,96219,232,2426,740,59110,719,304-17,457,192-170,638,27264,956,00012,152,00019,080,00035,545,00036,110,00027,567,000100,613,000
Creditors-2,299,973-17,949,9322,555,30220,923,6613,482,7644,031,218-6,948,759-10,751,000-10,895,00013,825,000-5,009,00020,633,000-4,870,00015,957,000
Accruals and Deferred Income-490,450-563,253-6,030,573-483,4359,530,922-1,795,382-2,857,520674,000-5,000,0005,219,000-21,308,0002,369,000938,00032,278,000
Deferred Taxes & Provisions635,330-12,164,9238,568,4943,246,390-801,770-247,8051,929,294779,000-3,787,0002,019,000-7,460,0007,752,0001,797,0001,046,000
Cash flow from operations-20,716,723-17,085,202-63,970,888-22,867,686-27,299,53214,674,779174,542,621-54,703,000-11,080,00018,614,000-69,478,000-15,174,0003,470,000-57,126,000
Investing Activities
capital expenditure-2,178,705-1,255,378-1,772,174-1,125,303-11,787,5241,815,46819,391,26222,767,000-16,666,000-29,559,000-22,932,000-13,102,000-6,048,000-33,055,000
Change in Investments-59,384,89045,789,6946,622,3790007,588,4680-5,103,0005,103,0000000
cash flow from investments57,206,185-47,045,072-8,394,553-1,125,303-11,787,5241,815,46811,802,79422,767,000-11,563,000-34,662,000-22,932,000-13,102,000-6,048,000-33,055,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts28,033,57630,416,00482,870,55626,851,54442,222,367-5,376,575-141,831,07032,355,00025,965,00018,477,00095,866,00027,731,00040,518,00030,585,000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-70,388-174,314615,17600-1,388,8071,388,8070000000
share issue-60,389,00033,683,9999,449,055-9,516,869-4,030,49223,736,808-61,091,911283,000-19,812,0006,384,000-3,211,000-9,856,000-3,763,00061,718,000
interest-4,063,650-1,974,055-1,506,986-2,443,566-1,369,216-1,597,390-1,450,967-1,864,000-2,822,000650,000980,0003,334,0001,495,000670,000
cash flow from financing-36,489,46261,951,63491,427,80114,891,10936,822,65915,374,036-202,985,14130,774,0003,331,00025,511,00093,635,00021,209,00038,250,00092,973,000
cash and cash equivalents
cash0-2,178,640-261-29,880-37,397-49,0962,197,274-141,000-80,000-109,000231,00037,000-385,000545,000
overdraft000000-680,00011,00062,00026,00074,00025,000-36,000518,000
change in cash0-2,178,640-261-29,880-37,397-49,0962,877,274-152,000-142,000-135,000157,00012,000-349,00027,000

P&L

December 2022

turnover

149.3m

-37%

operating profit

-33.6m

+12%

gross margin

1.3%

-149.11%

turnover

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

Balance Sheet

December 2022

net assets

-195.2m

+0.89%

total assets

178.3m

-0.27%

cash

0

0%

net assets

Total assets minus all liabilities

fmc technologies limited company details

company number

00259569

Type

Private limited with Share Capital

industry

09100 - Support activities for petroleum and natural gas extraction

25110 - Manufacture of metal structures and parts of structures

incorporation date

October 1931

age

93

accounts

Full Accounts

ultimate parent company

previous names

fmc corporation (uk) limited (August 2001)

incorporated

UK

address

hadrian house wincomblee road, newcastle upon tyne, NE6 3PL

last accounts submitted

December 2022

fmc technologies limited Charges & Mortgages

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 6 charges/mortgages relating to fmc technologies limited. Currently there are 6 open charges and 0 have been satisfied in the past.

charges

fmc technologies limited Companies House Filings - See Documents

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