fred. olsen limited

4.5

fred. olsen limited Company Information

Share FRED. OLSEN LIMITED
Live 
MatureMegaHigh

Company Number

00748590

Registered Address

2nd floor, 36 broadway, london, SW1H 0BH

Industry

Activities of head offices

 

Production of electricity

 
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Telephone

02079318888

Next Accounts Due

September 2025

Group Structure

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Directors

Anette Olsen29 Years

Nicholas Emery11 Years

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Shareholders

fred dessen & company ltd 100%

fred. olsen limited Estimated Valuation

£454.7m

Pomanda estimates the enterprise value of FRED. OLSEN LIMITED at £454.7m based on a Turnover of £119.1m and 3.82x industry multiple (adjusted for size and gross margin).

fred. olsen limited Estimated Valuation

£198.3m

Pomanda estimates the enterprise value of FRED. OLSEN LIMITED at £198.3m based on an EBITDA of £19.8m and a 10.04x industry multiple (adjusted for size and gross margin).

fred. olsen limited Estimated Valuation

£253.1m

Pomanda estimates the enterprise value of FRED. OLSEN LIMITED at £253.1m based on Net Assets of £83.4m and 3.03x industry multiple (adjusted for liquidity).

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Fred. Olsen Limited Overview

Fred. Olsen Limited is a live company located in london, SW1H 0BH with a Companies House number of 00748590. It operates in the production of electricity sector, SIC Code 35110. Founded in January 1963, it's largest shareholder is fred dessen & company ltd with a 100% stake. Fred. Olsen Limited is a mature, mega sized company, Pomanda has estimated its turnover at £119.1m with high growth in recent years.

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Fred. Olsen Limited Health Check

Pomanda's financial health check has awarded Fred. Olsen Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £119.1m, make it larger than the average company (£13m)

£119.1m - Fred. Olsen Limited

£13m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (8.4%)

24% - Fred. Olsen Limited

8.4% - Industry AVG

production

Production

with a gross margin of 41.8%, this company has a comparable cost of product (41.8%)

41.8% - Fred. Olsen Limited

41.8% - Industry AVG

profitability

Profitability

an operating margin of 14.8% make it less profitable than the average company (20%)

14.8% - Fred. Olsen Limited

20% - Industry AVG

employees

Employees

with 820 employees, this is above the industry average (55)

820 - Fred. Olsen Limited

55 - Industry AVG

paystructure

Pay Structure

on an average salary of £57.4k, the company has an equivalent pay structure (£53.6k)

£57.4k - Fred. Olsen Limited

£53.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £145.2k, this is less efficient (£303.3k)

£145.2k - Fred. Olsen Limited

£303.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 54 days, this is later than average (32 days)

54 days - Fred. Olsen Limited

32 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 75 days, this is slower than average (33 days)

75 days - Fred. Olsen Limited

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 33 days, this is more than average (22 days)

33 days - Fred. Olsen Limited

22 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 55 weeks, this is more cash available to meet short term requirements (17 weeks)

55 weeks - Fred. Olsen Limited

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 30.8%, this is a lower level of debt than the average (76.8%)

30.8% - Fred. Olsen Limited

76.8% - Industry AVG

FRED. OLSEN LIMITED financials

EXPORTms excel logo

Fred. Olsen Limited's latest turnover from December 2023 is £119.1 million and the company has net assets of £83.4 million. According to their latest financial statements, Fred. Olsen Limited has 820 employees and maintains cash reserves of £35 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover119,058,00091,286,00065,078,00062,128,00068,041,00064,977,00061,351,00056,587,00052,930,00051,421,00046,511,00041,324,0002,896,0002,805,0002,783,000
Other Income Or Grants000000000000000
Cost Of Sales69,239,51351,983,52438,501,24438,607,83442,032,68840,144,31539,205,83936,175,44319,743,00020,466,00017,724,00017,564,0002,034,4622,003,1722,226,400
Gross Profit49,818,48739,302,47626,576,75623,520,16626,008,31224,832,68522,145,16120,411,55733,187,00030,955,00028,787,00023,760,000861,538801,828556,600
Admin Expenses32,164,48728,879,47621,770,75618,728,16620,846,31221,854,68519,384,16120,683,55734,032,00032,834,00030,824,00027,583,0003,501,5384,316,828697,600
Operating Profit17,654,00010,423,0004,806,0004,792,0005,162,0002,978,0002,761,000-272,000-845,000-1,879,000-2,037,000-3,823,000-2,640,000-3,515,000-141,000
Interest Payable5,435,0003,973,000540,00099,000230,000113,00099,000114,000142,000142,000127,000164,000108,00075,000103,000
Interest Receivable1,234,000337,0006,967,0002,852,0007,100,00067,00018,00013,00011,00011,00010,00017,000210,000161,000203,000
Pre-Tax Profit16,014,0008,378,00012,138,0006,472,00011,644,0004,840,0004,268,0001,678,000-1,195,000-984,000654,000-1,675,000-848,000-1,573,0001,090,000
Tax-2,026,000-85,000-1,816,000-171,000-1,553,000-828,000-749,000193,000-86,0001,063,000-167,000-30,000425,000-21,000114,000
Profit After Tax13,988,0008,293,00010,322,0006,301,00010,091,0004,012,0003,519,0001,871,000-1,281,00079,000487,000-1,705,000-423,000-1,594,0001,204,000
Dividends Paid3,000,00000000000000000
Retained Profit10,988,0008,293,00010,322,0006,301,00010,091,0004,012,0003,519,0001,871,000-1,281,00079,000487,000-1,705,000-423,000-1,594,0001,204,000
Employee Costs47,048,00039,790,00034,669,00035,248,00031,950,00029,767,00026,880,00023,968,00022,608,00020,664,00019,487,00016,987,0002,582,0002,416,0001,699,000
Number Of Employees820745692713683639598563538494442392393634
EBITDA*19,758,00012,225,0006,811,0007,030,0007,068,0005,099,0005,321,0002,156,0001,667,000475,00038,000-2,989,000-1,805,000-2,661,000846,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets27,094,00019,386,00014,941,00015,172,00015,182,00015,225,00015,105,00015,550,0006,644,0009,864,00011,050,00010,052,0005,371,0005,962,0007,030,000
Intangible Assets2,223,0001,685,0001,561,0001,807,0002,214,0001,974,0001,959,0002,430,0002,837,0002,786,0003,224,0003,945,000595,000505,000123,000
Investments & Other9,820,0009,037,0003,499,0003,347,0003,387,0002,754,00020,681,00020,593,00020,093,00018,113,00018,113,00018,161,00026,302,00024,311,00024,311,000
Debtors (Due After 1 year)00000002,113,0002,242,000000000
Total Fixed Assets39,137,00030,108,00020,001,00020,326,00020,783,00019,953,00037,745,00040,686,00031,816,00030,763,00032,387,00032,158,00032,268,00030,778,00031,464,000
Stock & work in progress6,444,0004,359,0002,703,0001,774,0002,379,0001,230,0001,389,000930,000991,000791,000885,000387,000000
Trade Debtors17,750,00020,257,00016,877,00012,750,00013,145,00012,681,00014,665,00014,225,00014,270,00012,928,00012,530,00011,837,000269,000348,000331,000
Group Debtors1,205,0001,212,0001,236,0001,765,00018,567,00018,081,000004,682,0004,845,0004,567,0005,598,00012,897,00016,978,00026,572,000
Misc Debtors6,569,0007,221,0005,122,0004,390,0004,529,0004,654,0005,883,0004,230,0003,688,0004,358,0003,573,0004,913,000630,000145,0001,251,000
Cash35,017,00025,922,00026,964,00024,235,00018,140,00018,017,00014,918,0009,735,0007,217,0006,508,0006,129,0003,935,0001,305,0001,826,0001,219,000
misc current assets14,362,00019,548,00023,404,00016,442,00006,694,0006,273,0005,076,0003,416,0001,140,0001,144,0003,389,0001,530,0002,444,0002,870,000
total current assets81,347,00078,519,00076,306,00061,356,00070,441,00061,357,00043,128,00034,196,00034,264,00030,570,00028,828,00030,059,00016,631,00021,741,00032,243,000
total assets120,484,000108,627,00096,307,00081,682,00091,224,00081,310,00080,873,00074,882,00066,080,00061,333,00061,215,00062,217,00048,899,00052,519,00063,707,000
Bank overdraft00000000000544,000549,000530,000512,000
Bank loan000002,500,000086,000225,000175,0002,704,0000000
Trade Creditors 14,285,00015,183,00012,947,0008,498,00011,174,00010,113,00012,338,00012,058,00011,814,00010,758,00011,292,00013,786,000147,000806,000106,000
Group/Directors Accounts200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,000200,0004,454,0006,519,0008,761,000
other short term finances753,000724,000696,000736,000707,000680,000607,000286,000185,000000000
hp & lease commitments256,000155,00070,000163,000296,000295,000137,00000000000
other current liabilities17,581,00016,286,00014,289,00013,779,00012,279,00010,028,0009,863,0007,163,0006,363,0006,634,0006,311,0006,464,0002,261,0002,753,0002,704,000
total current liabilities33,075,00032,548,00028,202,00023,376,00024,656,00023,816,00023,145,00019,793,00018,787,00017,767,00020,507,00020,994,0007,411,00010,608,00012,083,000
loans0753,0001,476,000439,0001,175,0001,882,0006,294,0007,237,0007,588,0002,688,00002,500,0002,547,0002,547,0002,500,000
hp & lease commitments212,00062,00010,00089,000102,000411,000210,00000000000
Accruals and Deferred Income000000000000000
other liabilities1,849,0001,878,000216,000186,000108,00087,000114,000243,000342,000317,000235,000245,0000047,000
provisions1,952,000757,0002,284,000585,00000000000008,119,000
total long term liabilities4,013,0003,450,0003,986,0001,299,0001,385,0002,380,0006,618,0007,480,0007,930,0003,005,000235,0002,745,0002,547,0002,547,00010,666,000
total liabilities37,088,00035,998,00032,188,00024,675,00026,041,00026,196,00029,763,00027,273,00026,717,00020,772,00020,742,00023,739,0009,958,00013,155,00022,749,000
net assets83,396,00072,629,00064,119,00057,007,00065,183,00055,114,00051,110,00047,609,00039,363,00040,561,00040,473,00038,478,00038,941,00039,364,00040,958,000
total shareholders funds83,396,00072,629,00064,119,00057,007,00065,183,00055,114,00051,110,00047,609,00039,363,00040,561,00040,473,00038,478,00038,941,00039,364,00040,958,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit17,654,00010,423,0004,806,0004,792,0005,162,0002,978,0002,761,000-272,000-845,000-1,879,000-2,037,000-3,823,000-2,640,000-3,515,000-141,000
Depreciation1,807,0001,501,0001,476,0001,479,0001,362,0001,269,0001,652,0001,545,0001,872,0001,733,0001,392,000694,000700,000719,000864,000
Amortisation297,000301,000529,000759,000544,000852,000908,000883,000640,000621,000683,000140,000135,000135,000123,000
Tax-2,026,000-85,000-1,816,000-171,000-1,553,000-828,000-749,000193,000-86,0001,063,000-167,000-30,000425,000-21,000114,000
Stock2,085,0001,656,000929,000-605,0001,149,000-159,000459,000-61,000200,000-94,000498,000387,000000
Debtors-3,166,0005,455,0004,330,000-17,336,000825,00014,868,000-20,000-4,314,0002,751,0001,461,000-1,678,0008,552,000-3,675,000-10,683,00028,154,000
Creditors-898,0002,236,0004,449,000-2,676,0001,061,000-2,225,000280,000244,0001,056,000-534,000-2,494,00013,639,000-659,000700,000106,000
Accruals and Deferred Income1,295,0001,997,000510,0001,500,0002,251,000165,0002,700,000800,000-271,000323,000-153,0004,203,000-492,00049,0002,704,000
Deferred Taxes & Provisions1,195,000-1,527,0001,699,000585,000000000000-8,119,0008,119,000
Cash flow from operations20,405,0007,735,0006,394,00024,209,0006,853,000-12,498,0007,113,0007,768,000-585,000-40,000-1,596,0005,884,0001,144,000631,000-16,265,000
Investing Activities
capital expenditure-10,350,000-6,371,000-1,528,000-1,821,000-2,103,000-2,256,000-1,644,000-10,927,000657,000-730,000-2,352,000-8,865,000-334,000-168,000-8,140,000
Change in Investments783,0005,538,000152,000-40,000633,000-17,927,00088,000500,0001,980,0000-48,000-8,141,0001,991,000024,311,000
cash flow from investments-11,133,000-11,909,000-1,680,000-1,781,000-2,736,00015,671,000-1,732,000-11,427,000-1,323,000-730,000-2,304,000-724,000-2,325,000-168,000-32,451,000
Financing Activities
Bank loans0000-2,500,0002,500,000-86,000-139,00050,000-2,529,0002,704,0000000
Group/Directors Accounts00000000000-4,254,000-2,065,000-2,242,0008,761,000
Other Short Term Loans 29,00028,000-40,00029,00027,00073,000321,000101,000185,000000000
Long term loans-753,000-723,0001,037,000-736,000-707,000-4,412,000-943,000-351,0004,900,0002,688,000-2,500,000-47,000047,0002,500,000
Hire Purchase and Lease Commitments251,000137,000-172,000-146,000-308,000359,000347,00000000000
other long term liabilities-29,0001,662,00030,00078,00021,000-27,000-129,000-99,00025,00082,000-10,000245,0000-47,00047,000
share issue-221,000217,000-3,210,000-14,477,000-22,000-8,000-18,0006,375,00083,0009,0001,508,0001,242,0000039,754,000
interest-4,201,000-3,636,0006,427,0002,753,0006,870,000-46,000-81,000-101,000-131,000-131,000-117,000-147,000102,00086,000100,000
cash flow from financing-4,924,000-2,315,0004,072,000-12,499,0003,381,000-1,561,000-589,0005,786,0005,112,000119,0001,585,000-2,961,000-1,963,000-2,156,00051,162,000
cash and cash equivalents
cash9,095,000-1,042,0002,729,0006,095,000123,0003,099,0005,183,0002,518,000709,000379,0002,194,0002,630,000-521,000607,0001,219,000
overdraft0000000000-544,000-5,00019,00018,000512,000
change in cash9,095,000-1,042,0002,729,0006,095,000123,0003,099,0005,183,0002,518,000709,000379,0002,738,0002,635,000-540,000589,000707,000

fred. olsen 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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Fred. Olsen Limited Competitor Analysis

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fred. olsen limited Ownership

FRED. OLSEN LIMITED Shareholders

fred dessen & company ltd 100%

fred. olsen limited directors

Fred. Olsen Limited currently has 6 directors. The longest serving directors include Ms Anette Olsen (Nov 1994) and Mr Nicholas Emery (Apr 2013).

officercountryagestartendrole
Ms Anette OlsenEngland67 years Nov 1994- Director
Mr Nicholas Emery63 years Apr 2013- Director
Mrs Belinda MindellEngland57 years Mar 2016- Director
Mr Ian MarchantUnited Kingdom63 years Sep 2021- Director
Mr Thomas JebsenEngland36 years Sep 2021- Director
Mr Severin SantanaEngland28 years Nov 2022- Director

P&L

December 2023

turnover

119.1m

+30%

operating profit

17.7m

+69%

gross margin

41.9%

-2.81%

turnover

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

Balance Sheet

December 2023

net assets

83.4m

+0.15%

total assets

120.5m

+0.11%

cash

35m

+0.35%

net assets

Total assets minus all liabilities

fred. olsen limited company details

company number

00748590

Type

Private limited with Share Capital

industry

79110 - Travel agency activities

70100 - Activities of head offices

35110 - Production of electricity

incorporation date

January 1963

age

61

accounts

Group

ultimate parent company

None

previous names

N/A

incorporated

UK

address

2nd floor, 36 broadway, london, SW1H 0BH

last accounts submitted

December 2023

fred. olsen 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 17 charges/mortgages relating to fred. olsen limited. Currently there are 2 open charges and 15 have been satisfied in the past.

charges

fred. olsen limited Companies House Filings - See Documents

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