bp exploration (alpha) limited

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bp exploration (alpha) limited Company Information

Share BP EXPLORATION (ALPHA) LIMITED
Live 
MatureMegaRapid

Company Number

01021007

Website

www.bp.com

Registered Address

chertsey road, sunbury on thames, middlesex, TW16 7BP

Industry

Extraction of crude petroleum

 

Telephone

-

Next Accounts Due

September 2025

Group Structure

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Directors

Xinchao Wu4 Years

Nicholas Evans3 Years

View All

Shareholders

bp exploration operating company ltd 100%

kenilworth oil company ltd 0%

bp exploration (alpha) limited Estimated Valuation

£1.6b

Pomanda estimates the enterprise value of BP EXPLORATION (ALPHA) LIMITED at £1.6b based on a Turnover of £947.6m and 1.72x industry multiple (adjusted for size and gross margin).

bp exploration (alpha) limited Estimated Valuation

£3.6b

Pomanda estimates the enterprise value of BP EXPLORATION (ALPHA) LIMITED at £3.6b based on an EBITDA of £881.2m and a 4.03x industry multiple (adjusted for size and gross margin).

bp exploration (alpha) limited Estimated Valuation

£2.9b

Pomanda estimates the enterprise value of BP EXPLORATION (ALPHA) LIMITED at £2.9b based on Net Assets of £2.4b and 1.23x industry multiple (adjusted for liquidity).

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Bp Exploration (alpha) Limited Overview

Bp Exploration (alpha) Limited is a live company located in middlesex, TW16 7BP with a Companies House number of 01021007. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in August 1971, it's largest shareholder is bp exploration operating company ltd with a 100% stake. Bp Exploration (alpha) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £947.6m with rapid growth in recent years.

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Bp Exploration (alpha) Limited Health Check

Pomanda's financial health check has awarded Bp Exploration (Alpha) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £947.6m, make it larger than the average company (£57.8m)

£947.6m - Bp Exploration (alpha) Limited

£57.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 607%, show it is growing at a faster rate (11.2%)

607% - Bp Exploration (alpha) Limited

11.2% - Industry AVG

production

Production

with a gross margin of 39.2%, this company has a comparable cost of product (43.2%)

39.2% - Bp Exploration (alpha) Limited

43.2% - Industry AVG

profitability

Profitability

an operating margin of 37.3% make it more profitable than the average company (28.6%)

37.3% - Bp Exploration (alpha) Limited

28.6% - Industry AVG

employees

Employees

with 44 employees, this is below the industry average (61)

44 - Bp Exploration (alpha) Limited

61 - Industry AVG

paystructure

Pay Structure

on an average salary of £86.1k, the company has a lower pay structure (£129.9k)

£86.1k - Bp Exploration (alpha) Limited

£129.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £21.5m, this is more efficient (£916.6k)

£21.5m - Bp Exploration (alpha) Limited

£916.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 20 days, this is earlier than average (26 days)

20 days - Bp Exploration (alpha) Limited

26 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 27 days, this is close to average (27 days)

27 days - Bp Exploration (alpha) Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 19 days, this is in line with average (21 days)

19 days - Bp Exploration (alpha) Limited

21 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)

0 weeks - Bp Exploration (alpha) Limited

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 10.1%, this is a lower level of debt than the average (68.1%)

10.1% - Bp Exploration (alpha) Limited

68.1% - Industry AVG

BP EXPLORATION (ALPHA) LIMITED financials

EXPORTms excel logo

Bp Exploration (Alpha) Limited's latest turnover from December 2023 is £947.6 million and the company has net assets of £2.4 billion. According to their latest financial statements, Bp Exploration (Alpha) Limited has 44 employees and maintains cash reserves of £2.4 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
Turnover947,611,265578,814,457221,951,7752,677,43816,495,67650,938,65177,710,486112,740,167188,931,866223,146,498245,313,263394,945,211210,368,47634,002,74646,165,751
Other Income Or Grants000000000000000
Cost Of Sales576,319,828292,147,790214,194,1563,060,65518,516,781102,252,605327,918,770332,112,244226,108,301244,231,201274,816,795421,502,093181,022,24421,643,78448,112,831
Gross Profit371,291,436286,666,6677,757,619-383,216-2,021,105-51,313,954-250,208,283-219,372,077-37,176,436-21,084,703-29,503,532-26,556,88329,346,23212,358,962-1,947,079
Admin Expenses18,147,63614,917,895-956,255,1051,376,008,7985,130,441-12,586,38213,203,557-522,004,907447,238,1732,148,064,964123,854,2292,844,127-94,765,54316,301,79842,607,339
Operating Profit353,143,800271,748,772964,012,724-1,376,392,014-7,151,546-38,727,572-263,411,840302,632,830-484,414,609-2,169,149,667-153,357,761-29,401,010124,111,775-3,942,836-44,554,418
Interest Payable10,634,5924,599,4485,000,7857,172,82814,983,1454,697,1721,887,36712,845,97151,110,533200,180,234202,024,823221,056,39079,662,3335,491,1385,921,118
Interest Receivable3,313,3821,405,7702,561,2622,863,5474,312,6196,076,1573,177,921553,5531,249,62817,458,9025,018,8157,101,6991,143,631589,116146,655
Pre-Tax Profit345,822,591268,555,095961,573,201-1,380,701,294-17,822,072-37,348,586-262,121,285290,340,412-534,275,513-2,351,870,998-350,363,768-338,468,97386,524,123-8,844,858-50,328,882
Tax-151,373,542-123,430,78631,436,538-290,273,243-8,511,652-206,910,601518,840,02292,597,5626,798,572299,818,44676,223,01422,935,238-1,139,318-11,450,325-1,346,106
Profit After Tax194,449,048145,124,309993,009,739-1,670,974,537-26,333,724-244,259,187256,718,737382,937,974-527,476,941-2,052,052,552-274,140,754-315,533,73685,384,805-20,295,182-51,674,988
Dividends Paid000000000000000
Retained Profit194,449,048145,124,309993,009,739-1,670,974,537-26,333,724-244,259,187256,718,737382,937,974-527,476,941-2,052,052,552-274,140,754-315,533,73685,384,805-20,295,182-51,674,988
Employee Costs3,789,9023,777,6243,078,0712,967,6003,223,6553,558,7243,397,4203,169,5162,596,6973,262,69200000
Number Of Employees44474949494843444853317483298500
EBITDA*881,188,612530,215,6231,154,240,497-262,446,493-459,47532,364,648-5,877,594522,763,934-335,682,089-1,997,478,710263,370,964308,542,231276,805,1012,274,713-23,557,788

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,085,914,6712,465,145,7942,549,805,2151,621,969,3762,146,341,7851,182,965,6031,017,859,488876,150,425830,540,761882,990,0311,364,211,3941,227,498,1531,231,756,11529,362,20632,500,624
Intangible Assets-38,928,023-54,480,510-48,312,912-55,777,853192,650,594990,500,6661,218,194,3441,522,075,4431,191,994,9421,270,176,9332,973,697,1022,955,204,9993,260,595,84754,872,69119,920,744
Investments & Other011111011000101
Debtors (Due After 1 year)328,820,595472,602,823613,854,853640,801,96231,522,05743,373,81428,481,93529,760,02497,650,25288,826,170197,907,176553,710,293609,879,228687,734,648758,160,883
Total Fixed Assets2,375,807,2442,883,268,1093,115,347,1572,206,993,4862,370,514,4362,216,840,0852,264,535,7692,427,985,8932,120,185,9572,241,993,1344,535,815,6734,736,413,4455,102,231,191771,969,546810,582,252
Stock & work in progress30,454,26625,051,41224,710,17924,678,96121,589,47722,037,13926,886,96630,070,53627,854,06137,107,01839,197,86139,551,83535,309,6311,462,1822,496
Trade Debtors53,350,21528,142,26518,015,2372,649,5221,176,1696,421,6884,326,6844,300,39113,234,90019,165,51116,007,79016,882,54131,448,0252,030,0807,403,270
Group Debtors169,904,08217,816,14411,829,2492,082,7342,072,4022,095,11821,903,388107,919,190134,103,689197,256,22270,932,197268,504,678637,954,279104,918,24761,112,705
Misc Debtors17,853,74411,400,39913,239,86824,887,06532,408,03133,577,52822,105,26324,536,53317,841,41612,409,05731,443,19094,376,38584,395,83445,011,85760,112,331
Cash2,425,5683,463,0144,355,1681,291,7694,373,4431,062,446626,4521,123,9751,759,8931,561,365503,7305,556,51319,768,9327,662,2571,413,505
misc current assets0000788,017,001906,411,5021,143,468,717594,743,541496,826,837434,987,126144,990,4270000
total current assets273,987,87685,873,23572,149,70255,590,052849,636,524971,605,4221,219,317,472762,694,165691,620,797702,486,301303,075,196424,871,953808,876,702161,084,623130,044,309
total assets2,649,795,1202,969,141,3443,187,496,8582,262,583,5383,220,150,9603,188,445,5073,483,853,2403,190,680,0582,811,806,7542,944,479,4354,838,890,8695,161,285,3985,911,107,893933,054,169940,626,560
Bank overdraft000001,392,30661,68461,33610,41424,42714,52410,46512,9400257,114
Bank loan000000000000000
Trade Creditors 43,104,66548,176,79619,368,52049,085,52644,142,60631,976,8089,681,16611,712,79611,650,55025,983,36362,305,40715,984,97915,440,2613,954,6936,321,143
Group/Directors Accounts14,396,102508,755,371798,290,921693,516,623349,934,047125,306,74636,696,30718,128,49821,602,9461,574,630,620140,872,780667,372,5681,109,793,579653,026,086682,367,698
other short term finances000000000000000
hp & lease commitments7,737,10815,936,15711,839,45913,255,22320,655,8690000000000
other current liabilities63,296,50069,911,75592,280,867104,825,31034,708,33943,155,99740,712,16892,563,06057,909,10488,835,412121,129,596103,709,061121,167,66235,190,33925,182,226
total current liabilities128,534,377642,780,080921,779,768860,682,683449,440,862201,831,85887,151,326122,465,69091,173,0141,689,473,823324,322,308787,077,0751,246,414,443692,171,118714,128,183
loans00785845732783000776,3911,700,315,5741,772,475,9911,827,524,185123,392,411123,392,411
hp & lease commitments1,116,482448,89510,647,18813,577,53113,496,9950000000000
Accruals and Deferred Income004,71211,84314,65616,45325,63400000000
other liabilities35,2974,604003,830,4260000000000
provisions137,789,287138,037,139164,185,516205,832,839281,532,317315,612,316416,042,617471,313,348572,707,527463,590,810499,719,416359,633,710277,172,961100,807,538110,201,572
total long term liabilities138,941,068138,490,638174,838,203219,423,061298,875,128315,629,554416,068,253471,313,348572,707,528464,367,2012,200,034,9902,132,109,7022,104,697,147224,199,950233,593,984
total liabilities267,475,445781,270,7181,096,617,9701,080,105,744748,315,990517,461,412503,219,579593,779,039663,880,5422,153,841,0252,524,357,2982,919,186,7773,351,111,590916,371,068947,722,167
net assets2,382,319,6752,187,870,6262,090,878,8881,182,477,7942,471,834,9702,670,984,0952,980,633,6622,596,901,0202,147,926,212790,638,4102,314,533,5712,242,098,6212,559,996,30316,683,100-7,095,607
total shareholders funds2,382,319,6752,187,870,6262,090,878,8881,182,477,7942,471,834,9702,670,984,0952,980,633,6622,596,901,0202,147,926,212790,638,4102,314,533,5712,242,098,6212,559,996,30316,683,100-7,095,607
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit353,143,800271,748,772964,012,724-1,376,392,014-7,151,546-38,727,572-263,411,840302,632,830-484,414,609-2,169,149,667-153,357,761-29,401,010124,111,775-3,942,836-44,554,418
Depreciation506,320,595243,168,355193,713,4781,117,699,8568,589,33071,087,519257,519,026219,903,396148,059,357171,020,004318,991,219246,902,856122,435,7636,217,54920,996,630
Amortisation21,724,21715,298,496-3,485,705-3,754,335-1,897,2594,70115,220227,708673,162650,95397,737,50591,040,38430,257,56300
Tax-151,373,542-123,430,78631,436,538-290,273,243-8,511,652-206,910,601518,840,02292,597,5626,798,572299,818,44676,223,01422,935,238-1,139,318-11,450,325-1,346,106
Stock5,402,855341,23331,2183,089,484-447,662-4,849,828-3,183,5702,216,475-9,252,957-2,090,843-353,9744,242,20433,847,4491,459,6852,496
Debtors39,967,004-126,977,575-13,482,076603,242,624-18,289,4908,650,878-89,698,867-96,314,119-54,826,7041,366,607-617,183,544-430,203,469523,982,535-47,094,358886,789,190
Creditors-5,072,13028,808,275-29,717,0054,942,92012,165,79822,295,642-2,031,63062,246-14,332,813-36,322,04446,320,428544,71811,485,568-2,366,4506,321,143
Accruals and Deferred Income-6,615,255-22,373,824-12,551,57470,114,158-8,449,4552,434,648-51,825,25834,653,956-30,926,308-32,294,18417,420,535-17,458,60185,977,32310,008,11325,182,226
Deferred Taxes & Provisions-247,852-26,148,377-41,647,323-75,699,478-34,079,999-100,430,301-55,270,731-101,394,179109,116,717-36,128,606140,085,70682,460,749176,365,423-9,394,034110,201,572
Cash flow from operations672,509,974513,707,2531,115,211,991-1,159,694,244-20,597,631-254,047,014496,717,246642,781,163-200,946,261-1,801,680,8621,160,958,164822,985,599-8,335,88734,706,690-769,990,639
Investing Activities
capital expenditure-164,366,176-167,639,833-1,125,528,552-341,144,666-172,218,181-8,504,656-95,362,210-595,821,269-18,101,2592,013,070,575-571,934,068-28,294,430-4,560,810,391-38,031,078-73,417,998
Change in Investments00000100100-11-11
cash flow from investments-164,366,176-167,639,833-1,125,528,552-341,144,666-172,218,181-8,504,657-95,362,210-595,821,269-18,101,2602,013,070,575-571,934,068-28,294,429-4,560,810,392-38,031,077-73,417,999
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-494,359,269-289,535,549104,774,298343,582,576224,627,30188,610,43918,567,809-3,474,448-1,553,027,6741,433,757,840-526,499,788-442,421,011456,767,494-29,341,613682,367,698
Other Short Term Loans 000000000000000
Long term loans0-785-60113-5178300-776,391-1,699,539,183-72,160,417-55,048,1941,704,131,7740123,392,411
Hire Purchase and Lease Commitments-7,531,462-6,101,595-4,346,107-7,320,11034,152,8640000000000
other long term liabilities30,6934,6040-3,830,4263,830,4260000000000
share issue0-48,132,571-84,608,645381,617,361-172,815,401-65,390,380127,013,90566,036,8331,884,764,743528,157,391346,575,704-2,363,9462,457,928,39844,073,88944,579,381
interest-7,321,210-3,193,678-2,439,523-4,309,281-10,670,5261,378,9851,290,554-12,292,418-49,860,905-182,721,332-197,006,008-213,954,691-78,518,702-4,902,022-5,774,463
cash flow from financing-509,181,248-346,959,57413,379,963709,740,23379,124,61324,599,827146,872,26850,269,967281,099,77379,654,716-449,090,509-713,787,8424,540,308,9649,830,254844,565,027
cash and cash equivalents
cash-1,037,446-892,1543,063,399-3,081,6743,310,997435,994-497,523-635,918198,5281,057,635-5,052,783-14,212,41912,106,6766,248,7521,413,505
overdraft0000-1,392,3061,330,62234850,922-14,0139,9034,059-2,47512,940-257,114257,114
change in cash-1,037,446-892,1543,063,399-3,081,6744,703,303-894,628-497,871-686,840212,5411,047,732-5,056,842-14,209,94412,093,7366,505,8661,156,391

bp exploration (alpha) limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Bp Exploration (alpha) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for bp exploration (alpha) limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mega companies, companies in TW16 area or any other competitors across 12 key performance metrics.

bp exploration (alpha) limited Ownership

BP EXPLORATION (ALPHA) LIMITED group structure

Bp Exploration (Alpha) Limited has no subsidiary companies.

Ultimate parent company

2 parents

BP EXPLORATION (ALPHA) LIMITED

01021007

BP EXPLORATION (ALPHA) LIMITED Shareholders

bp exploration operating company ltd 100%
kenilworth oil company ltd 0%

bp exploration (alpha) limited directors

Bp Exploration (Alpha) Limited currently has 3 directors. The longest serving directors include Xinchao Wu (Mar 2020) and Mr Nicholas Evans (Apr 2021).

officercountryagestartendrole
Xinchao Wu58 years Mar 2020- Director
Mr Nicholas Evans55 years Apr 2021- Director
Kartikeya Dube51 years Oct 2024- Director

P&L

December 2023

turnover

947.6m

+64%

operating profit

353.1m

+30%

gross margin

39.2%

-20.89%

turnover

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

Balance Sheet

December 2023

net assets

2.4b

+0.09%

total assets

2.6b

-0.11%

cash

2.4m

-0.3%

net assets

Total assets minus all liabilities

bp exploration (alpha) limited company details

company number

01021007

Type

Private limited with Share Capital

industry

06100 - Extraction of crude petroleum

incorporation date

August 1971

age

53

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

bp exploration (alpha) limited (October 2009)

britoil (beta) limited (February 1998)

See more

accountant

-

auditor

DELOITTE LLP

address

chertsey road, sunbury on thames, middlesex, TW16 7BP

Bank

-

Legal Advisor

-

bp exploration (alpha) 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 3 charges/mortgages relating to bp exploration (alpha) limited. Currently there are 2 open charges and 1 have been satisfied in the past.

charges

bp exploration (alpha) limited Companies House Filings - See Documents

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