Saltfleetby Energy Limited

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saltfleetby energy limited Company Information

Live

MatureMidRapid

Company Number

00953066

Website

https://www.wingas.com

Registered Address

building 3, chiswick park, 566 chiswick high road, london, W4 5YA

Industry

Extraction of natural gas

Telephone

Next Accounts Due

June 2025

Group Structure

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Directors

Paul Forrest5 Years

Carlos Dos Santos Fernandes2 Years

Shareholders

angus energy plc 100%

saltfleetby energy limited Estimated Valuation

£59.7m

Pomanda estimates the enterprise value of SALTFLEETBY ENERGY LIMITED at £59.7m based on an EBITDA of £23.8m and a 2.51x industry multiple (adjusted for size and gross margin).

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Saltfleetby Energy Limited is a live company located in london, W4 5YA with a Companies House number of 00953066. It operates in the extraction of natural gas sector, SIC Code 06200. Founded in April 1969, it's largest shareholder is angus energy plc with a 100% stake. Saltfleetby Energy Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.1m with rapid growth in recent years.

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Pomanda's financial health check has awarded Saltfleetby Energy Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

4 Weak

Size

annual sales of £15.1m, make it smaller than the average company (£104.8m)

Growth

3 year (CAGR) sales growth of 113%, show it is growing at a faster rate (16.9%)

EXPORT

Saltfleetby Energy Limited's latest turnover from September 2023 is £15.1 million and the company has net assets of £325.4 thousand. According to their latest financial statements, Saltfleetby Energy Limited has 4 employees and maintains cash reserves of £100.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	May 2022	May 2021	May 2020	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	15,130,624	10,628,567	3,681,715	1,568,092	0	3,638,860	6,594,557	8,099,733	14,470,950	13,195,311	856,756	30,645	32,220	2,191,641
Other Income Or Grants	-3,059,466	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	4,524,259	3,584,713	1,365,250	0	4,271,971	9,329,748	6,639,929	37,974,964	6,174,769	10,746,436	1,446,049	1,134,986	1,891,206
Gross Profit	12,071,158	6,104,308	97,003	202,843	0	-633,111	-2,735,191	1,459,804	-23,504,014	7,020,542	-9,889,680	-1,415,404	-1,102,766	300,435
Admin Expenses	-11,665,512	39,970,548	426,594	49,972,552	2,566,471	936,536	999,633	-1,335,599	1,739,689	2,132,292	4,844,157	2,353,159	4,691,926	1,007,017
Operating Profit	23,736,670	-33,866,240	-329,591	-49,769,709	-2,566,471	-1,569,647	-3,734,824	2,795,403	-25,243,703	4,888,250	-14,733,837	-3,768,563	-5,794,692	-706,582
Interest Payable	765,468	1,233,269	0	0	310,990	341,463	251,034	225,348	200,643	2,308	1,219	230,099	1,244	72,598
Interest Receivable	747	11	376	375	56,933	24,906	15,711	29,821	32,025	17,984	2,571	3,419	1,691	1,766
Pre-Tax Profit	22,971,949	-35,099,499	-329,215	-49,769,334	-2,820,528	-3,048,954	-26,449,326	-4,130,124	-25,412,321	4,649,402	-14,984,767	-3,995,243	-5,794,245	-777,414
Tax	0	0	0	0	112,449	89,983	-77,813	-5,450,000	7,627,000	6,686,000	2,355,464	-8,452,607	6,998,000	-2,404,000
Profit After Tax	22,971,949	-35,099,499	-329,215	-49,769,334	-2,708,079	-2,958,971	-26,527,139	-9,580,124	-17,785,321	11,335,402	-12,629,303	-12,447,850	1,203,755	-3,181,414
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	22,971,949	-35,099,499	-329,215	-49,769,334	-2,708,079	-2,958,971	-26,527,139	-9,580,124	-17,785,321	11,335,402	-12,629,303	-12,447,850	1,203,755	-3,181,414
Employee Costs	549,139	414,665	369,010	276,540	1,047,955	1,033,244	1,310,968	1,196,449	1,248,444	1,080,437	936,825	995,591	1,222,845	849,683
Number Of Employees	4	4	4	6	12	13	14	15	13	13	14	16	18	13
EBITDA*	23,750,017	-33,847,631	-310,280	-49,742,402	-2,566,471	703,416	22,899,560	11,834,306	8,998,273	7,414,794	-12,710,388	-3,762,738	-5,783,767	-338,299

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	May 2022	May 2021	May 2020	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	22,744,552	15,966,817	11,590,538	10,677,194	0	0	2,381,811	16,476,386	22,656,429	56,441,574	58,817,917	62,726,412	52,322,726	50,819,004
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	647,947	647,947	647,947	647,947	647,947	933,806	1,220,824	1,220,824
Debtors (Due After 1 year)	0	0	0	0	0	0	491,134	1,147,000	6,645,999	0	0	0	0	0
Total Fixed Assets	22,744,552	15,966,817	11,590,538	10,677,194	0	0	3,520,892	18,271,333	29,950,375	57,089,521	59,465,864	63,660,218	53,543,550	52,039,828
Stock & work in progress	0	3,509	3,509	3,509	3,509	3,761	56,000	61,664	13,289	14,974	15,688	22,323	19,969	21,228
Trade Debtors	0	935,556	309,007	325,803	0	1,670	0	0	713	445,816	880,097	0	0	0
Group Debtors	1,400,000	1,400,000	1,624,147	1,768,939	302,297	1,079,532	961,000	746,948	932,000	82,187	5,537	5,172	15,507	0
Misc Debtors	154,743	17,067	8,000	71,476	131,929	272,127	516,412	445,627	468,476	347,978	868,466	212,339	321,631	352,719
Cash	100,521	610	1,516	750,909	14,262,498	15,320,600	15,613,052	22,192,507	18,255,857	10,219,589	2,587,466	728,536	265,674	59,155
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,655,264	2,356,742	1,946,179	2,920,636	14,700,233	16,677,690	17,146,464	23,446,746	19,670,335	11,110,544	4,357,254	968,370	622,781	433,102
total assets	24,399,816	18,323,559	13,536,717	13,597,830	14,700,233	16,677,690	20,667,356	41,718,079	49,620,710	68,200,065	63,823,118	64,628,588	54,166,331	52,472,930
Bank overdraft	0	8,263	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	532,924	3,993,738	262,525	43,224	36,917	28,228	93,705	353,466	35,252	418,652	539,857	1,392,903	215,886	477,560
Group/Directors Accounts	11,532,018	2,000	0	0	78,684	13,620	796,335	726,924	811,428	915,613	1,120,507	1,172,630	1,468,117	2,247,822
other short term finances	6,285,154	15,276,000	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	118,559	513,088	71,223	22,422	907,729	392,338	712,713	760,804	527,008	481,727	341,879	4,264,696	575,715	172,404
total current liabilities	18,468,655	19,793,089	333,748	65,646	1,023,330	434,186	1,602,753	1,841,194	1,373,688	1,815,992	2,002,243	6,830,229	2,259,718	2,897,786
loans	4,354,753	19,952,000	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	1,250,989	1,225,000	750,000	750,000	12,837,730	12,696,252	12,558,380	6,843,523	5,633,536	5,985,266	12,757,470	13,626,491	4,682,895	10,610,011
total long term liabilities	5,605,742	21,177,000	750,000	750,000	12,837,730	12,696,252	12,558,380	6,843,523	5,633,536	5,985,266	12,757,470	13,626,491	4,682,895	10,610,011
total liabilities	24,074,397	40,970,089	1,083,748	815,646	13,861,060	13,130,438	14,161,133	8,684,717	7,007,224	7,801,258	14,759,713	20,456,720	6,942,613	13,507,797
net assets	325,419	-22,646,530	12,452,969	12,782,184	839,173	3,547,252	6,506,223	33,033,362	42,613,486	60,398,807	49,063,405	44,171,868	47,223,718	38,965,133
total shareholders funds	325,419	-22,646,530	12,452,969	12,782,184	839,173	3,547,252	6,506,223	33,033,362	42,613,486	60,398,807	49,063,405	44,171,868	47,223,718	38,965,133

	Sep 2023	May 2022	May 2021	May 2020	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	23,736,670	-33,866,240	-329,591	-49,769,709	-2,566,471	-1,569,647	-3,734,824	2,795,403	-25,243,703	4,888,250	-14,733,837	-3,768,563	-5,794,692	-706,582
Depreciation	13,347	18,609	19,311	27,307	0	2,273,063	26,634,384	9,038,903	34,241,976	2,526,544	2,023,449	5,825	10,925	368,283
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	112,449	89,983	-77,813	-5,450,000	7,627,000	6,686,000	2,355,464	-8,452,607	6,998,000	-2,404,000
Stock	-3,509	0	0	3,509	-252	-52,239	-5,664	48,375	-1,685	-714	-6,635	2,354	-1,259	21,228
Debtors	-797,880	411,469	-225,064	2,166,218	-919,103	-615,217	-371,029	-5,707,613	7,171,207	-878,119	1,536,589	-119,627	-15,581	352,719
Creditors	-3,460,814	3,731,213	219,301	43,224	8,689	-65,477	-259,761	318,214	-383,400	-121,205	-853,046	1,177,017	-261,674	477,560
Accruals and Deferred Income	-394,529	441,865	48,801	22,422	515,391	-320,375	-48,091	233,796	45,281	139,848	-3,922,817	3,688,981	403,311	172,404
Deferred Taxes & Provisions	25,989	475,000	0	750,000	141,478	137,872	5,714,857	1,209,987	-351,730	-6,772,204	-869,021	8,943,596	-5,927,116	10,610,011
Cash flow from operations	20,722,052	-29,611,022	182,886	-51,096,483	-869,109	1,212,875	28,605,445	13,805,541	8,765,902	8,226,066	-17,529,762	1,711,522	-4,554,406	8,143,729
Investing Activities
capital expenditure	-6,791,082	-4,394,888	-932,655	-10,704,501	0	108,748	-7,040,430	-1,925,754	-613,262	-500,205	717,804	-6,469,013	-3,855,345	-3,000,719
Change in Investments	0	0	0	0	0	-647,947	0	0	0	0	-285,859	-287,018	0	1,220,824
cash flow from investments	-6,791,082	-4,394,888	-932,655	-10,704,501	0	756,695	-7,040,430	-1,925,754	-613,262	-500,205	1,003,663	-6,181,995	-3,855,345	-4,221,543
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	11,530,018	2,000	0	0	65,064	-782,715	69,411	-84,504	-104,185	-204,894	-52,123	-295,487	-779,705	2,247,822
Other Short Term Loans	-8,990,846	15,276,000	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-15,597,247	19,952,000	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	62,551,518	0	0	0	0	0	0	17,520,840	9,396,000	7,054,830	42,146,547
interest	-764,721	-1,233,258	376	375	-254,057	-316,557	-235,323	-195,527	-168,618	15,676	1,352	-226,680	447	-70,832
cash flow from financing	-13,822,796	33,996,742	376	62,551,893	-188,993	-1,099,272	-165,912	-280,031	-272,803	-189,218	17,470,069	8,873,833	6,275,572	44,323,537
cash and cash equivalents
cash	99,911	-906	-749,393	750,909	-1,058,102	-292,452	-6,579,455	3,936,650	8,036,268	7,632,123	1,858,930	462,862	206,519	59,155
overdraft	-8,263	8,263	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	108,174	-9,169	-749,393	750,909	-1,058,102	-292,452	-6,579,455	3,936,650	8,036,268	7,632,123	1,858,930	462,862	206,519	59,155

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SALTFLEETBY ENERGY LIMITED group structure

Saltfleetby Energy Limited has no subsidiary companies.

Ultimate parent company

ANGUS ENERGY PLC

09616076

1 parent

SALTFLEETBY ENERGY LIMITED

00953066

SALTFLEETBY ENERGY LIMITED Shareholders

angus energy plc

100%

Saltfleetby Energy Limited currently has 2 directors. The longest serving directors include Mr Paul Forrest (Jun 2019) and Mr Carlos Dos Santos Fernandes (May 2022).

officer	country	age	start	end	role
Mr Paul Forrest	United Kingdom	55 years	Jun 2019	-	Director
Mr Carlos Dos Santos Fernandes	United Kingdom	41 years	May 2022	-	Director

P&L

September 2023

turnover

15.1m

operating profit

23.7m

gross margin

79.8%

turnover

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

Balance Sheet

September 2023

net assets

325.4k

-1.01%

total assets

24.4m

+0.33%

cash

100.5k

+163.79%

net assets

Total assets minus all liabilities

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company number

00953066

Type

Private limited with Share Capital

industry

06200 - Extraction of natural gas

incorporation date

April 1969

ultimate parent company

ANGUS ENERGY PLC

previous names

wingas storage uk limited (July 2019)

roc oil (uk) limited (January 2005)

address

building 3, chiswick park, 566 chiswick high road, london, W4 5YA

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 saltfleetby energy limited. Currently there are 2 open charges and 4 have been satisfied in the past.

saltfleetby energy limited Company Information

saltfleetby energy limited Estimated Valuation

saltfleetby energy limited Estimated Valuation

saltfleetby energy limited Estimated Valuation

Saltfleetby Energy Limited Overview

Saltfleetby Energy Limited Health Check

SALTFLEETBY ENERGY LIMITED financials

saltfleetby energy limited Credit Report and Business Information

Saltfleetby Energy Limited Competitor Analysis

saltfleetby energy limited Ownership

saltfleetby energy limited directors

saltfleetby energy limited company details

saltfleetby energy limited Charges & Mortgages

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