Pomanda estimates the enterprise value of OFFSHORE DESIGN ENGINEERING LIMITED at £10.5m based on a Turnover of £19.1m and 0.55x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of OFFSHORE DESIGN ENGINEERING LIMITED at £0 based on an EBITDA of £-2.2m and a 4.57x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of OFFSHORE DESIGN ENGINEERING LIMITED at £6m based on Net Assets of £2.7m and 2.22x industry multiple (adjusted for liquidity).
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Offshore Design Engineering LimitedOverview
Offshore Design Engineering Limited is a live company located in bristol, BS2 0HQ with a Companies House number of 01522642. It operates in the engineering related scientific and technical consulting activities sector, SIC Code 71122. Founded in October 1980, it's largest shareholder is
ode group limited
with a 100% stake. Offshore Design Engineering Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£19.1m with
declining
growth in recent years.
Pomanda's financial health check has awarded Offshore Design Engineering Limited a 3 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 Rating3out of 5
4 Strong
1 Regular
6 Weak
Size
annual sales of £19.1m, make it larger than the average company (£2.1m)
£19.1m - Offshore Design Engineering Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (2.2%)
-8% - Offshore Design Engineering Limited
2.2% - Industry AVG
Production
with a gross margin of 25.6%, this company has a higher cost of product (32.5%)
25.6% - Offshore Design Engineering Limited
32.5% - Industry AVG
Profitability
an operating margin of -12.1% make it less profitable than the average company (6.4%)
-12.1% - Offshore Design Engineering Limited
6.4% - Industry AVG
Employees
with 116 employees, this is above the industry average (19)
116 - Offshore Design Engineering Limited
19 - Industry AVG
Pay Structure
on an average salary of £83.2k, the company has a higher pay structure (£52.6k)
£83.2k - Offshore Design Engineering Limited
£52.6k - Industry AVG
Efficiency
resulting in sales per employee of £164.9k, this is more efficient (£96k)
£164.9k - Offshore Design Engineering Limited
£96k - Industry AVG
Debtor Days
it gets paid by customers after 68 days, this is near the average (76 days)
68 days - Offshore Design Engineering Limited
76 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is slower than average (21 days)
40 days - Offshore Design Engineering Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Offshore Design Engineering Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (14 weeks)
5 weeks - Offshore Design Engineering Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.6%, this is a higher level of debt than the average (55.3%)
71.6% - Offshore Design Engineering Limited
55.3% - Industry AVG
OFFSHORE DESIGN ENGINEERING LIMITED financials
EXPORT
Offshore Design Engineering Limited's latest turnover from December 2022 is £19.1 million and the company has net assets of £2.7 million. According to their latest financial statements, Offshore Design Engineering Limited has 116 employees and maintains cash reserves of £712.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
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
19,127,536
29,408,423
18,621,119
24,184,899
36,021,341
19,541,030
19,791,107
25,634,294
35,402,303
37,083,698
35,792,547
32,830,595
30,443,309
35,636,739
Other Income Or Grants
Cost Of Sales
14,223,202
22,018,506
13,914,044
18,958,563
28,121,794
13,325,177
13,191,648
18,159,986
27,223,449
29,099,336
27,646,901
27,859,722
23,500,320
26,741,666
Gross Profit
4,904,334
7,389,917
4,707,075
5,226,336
7,899,547
6,215,853
6,599,459
7,474,308
8,178,854
7,984,362
8,145,646
4,970,873
6,942,989
8,895,073
Admin Expenses
7,211,112
6,700,310
5,793,057
6,412,063
7,043,824
6,056,256
6,545,635
7,207,266
7,038,011
7,078,292
7,207,200
6,596,655
6,128,376
5,948,880
Operating Profit
-2,306,778
689,607
-1,085,982
-1,185,727
855,723
159,597
53,824
267,042
1,140,843
906,070
938,446
-1,625,782
814,613
2,946,193
Interest Payable
10,736
7,258
3
5
120
30
3,679
1,313
1,523
1,094
Interest Receivable
536
732
2,585
6,515
5,851
13,212
6,539
267
1,383
1,393
7,342
14,648
10,708
Pre-Tax Profit
-2,316,978
682,349
-1,085,250
-1,183,145
862,233
165,448
66,916
273,581
1,141,080
903,774
938,526
-1,619,963
829,261
2,955,807
Tax
48,692
-47,824
207,575
87,587
-193,698
-58,494
-37,570
-67,055
-24,944
-200,813
121,679
417,176
-272,975
-882,373
Profit After Tax
-2,268,286
634,525
-877,675
-1,095,558
668,535
106,954
29,346
206,526
1,116,136
702,961
1,060,205
-1,202,787
556,286
2,073,434
Dividends Paid
50,000
50,000
100,000
500,000
350,000
500,000
200,000
900,000
1,000,000
Retained Profit
-2,268,286
634,525
-877,675
-1,095,558
618,535
56,954
-70,654
-293,474
766,136
202,961
1,060,205
-1,402,787
-343,714
1,073,434
Employee Costs
9,649,869
10,360,952
6,139,074
5,662,806
10,201,744
7,978,043
9,012,491
9,953,154
10,813,808
10,934,280
9,129,972
8,697,794
7,151,599
6,952,987
Number Of Employees
116
131
90
85
169
145
152
161
149
151
135
122
108
111
EBITDA*
-2,182,596
847,677
-933,607
-1,023,088
1,059,840
372,004
250,526
542,319
1,382,986
1,045,479
1,061,231
-1,467,970
1,012,055
3,152,662
* Earnings Before Interest, Tax, Depreciation and Amortisation
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
446,428
543,138
610,963
697,536
802,820
694,837
847,094
1,004,381
1,016,708
272,796
228,309
168,634
223,463
379,856
Intangible Assets
5,848
111
10,286
21,982
46,657
34,102
58,286
50,118
70,081
Investments & Other
11,921
11,234
774
Debtors (Due After 1 year)
Total Fixed Assets
464,197
554,483
622,023
719,518
849,477
728,939
905,380
1,054,499
1,086,789
272,796
228,309
168,634
223,463
379,856
Stock & work in progress
Trade Debtors
3,606,584
6,255,231
4,165,226
4,522,999
10,168,521
4,726,320
3,415,314
4,172,666
7,303,845
7,042,347
7,606,410
6,936,648
7,727,402
5,272,513
Group Debtors
1,313,508
775,444
1,164,832
1,273,720
378,841
32,881
59,508
144,470
59,856
293,786
487,144
61,119
86,432
189,125
Misc Debtors
3,488,008
3,083,736
2,658,953
1,757,523
1,873,617
1,606,772
1,724,204
1,658,309
1,621,641
1,244,087
881,970
679,857
191,650
228,508
Cash
712,323
1,089,770
697,447
2,124,797
1,662,631
3,736,500
5,727,497
6,156,986
3,957,707
3,052,108
3,447,727
1,218,741
4,162,083
4,861,491
misc current assets
total current assets
9,120,423
11,204,181
8,686,458
9,679,039
14,083,610
10,102,473
10,926,523
12,132,431
12,943,049
11,632,328
12,423,251
8,896,365
12,167,567
10,551,637
total assets
9,584,620
11,758,664
9,308,481
10,398,557
14,933,087
10,831,412
11,831,903
13,186,930
14,029,838
11,905,124
12,651,560
9,064,999
12,391,030
10,931,493
Bank overdraft
Bank loan
Trade Creditors
1,595,762
621,975
753,533
622,944
2,708,660
355,844
1,058,162
616,973
1,238,966
1,142,614
1,677,031
2,232,218
1,796,455
476,926
Group/Directors Accounts
2,174,016
2,173,886
821,874
792,336
3,300
186,581
2,040,365
1,053,250
other short term finances
hp & lease commitments
other current liabilities
3,093,680
3,972,284
3,276,255
3,495,529
5,673,348
4,454,906
3,886,434
5,976,064
6,985,644
5,758,418
6,173,398
2,905,274
3,410,497
4,184,052
total current liabilities
6,863,458
6,768,145
4,851,662
4,910,809
8,382,008
4,810,750
4,947,896
6,593,037
8,224,610
6,901,032
7,850,429
5,324,073
7,247,317
5,714,228
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
100,000
255,000
460,000
550,000
1,470,000
1,172,000
115,000
80,000
80,000
80,000
80,000
80,000
total long term liabilities
100,000
255,000
460,000
550,000
1,470,000
1,172,000
115,000
80,000
80,000
80,000
80,000
80,000
total liabilities
6,863,458
6,768,145
4,951,662
5,165,809
8,842,008
5,360,750
6,417,896
7,765,037
8,339,610
6,981,032
7,930,429
5,404,073
7,327,317
5,794,228
net assets
2,721,162
4,990,519
4,356,819
5,232,748
6,091,079
5,470,662
5,414,007
5,421,893
5,690,228
4,924,092
4,721,131
3,660,926
5,063,713
5,137,265
total shareholders funds
2,721,162
4,990,519
4,356,819
5,232,748
6,091,079
5,470,662
5,414,007
5,421,893
5,690,228
4,924,092
4,721,131
3,660,926
5,063,713
5,137,265
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
-2,306,778
689,607
-1,085,982
-1,185,727
855,723
159,597
53,824
267,042
1,140,843
906,070
938,446
-1,625,782
814,613
2,946,193
Depreciation
121,906
148,261
140,561
139,638
181,910
194,224
177,809
216,391
167,760
139,409
122,785
157,812
197,442
206,469
Amortisation
2,276
9,809
11,814
23,001
22,207
18,183
18,893
58,886
74,383
Tax
48,692
-47,824
207,575
87,587
-193,698
-58,494
-37,570
-67,055
-24,944
-200,813
121,679
417,176
-272,975
-882,373
Stock
Debtors
-1,706,311
2,125,400
434,769
-4,866,737
6,055,006
1,166,947
-776,419
-3,009,897
405,122
-395,304
1,297,900
-327,860
2,315,338
5,690,146
Creditors
973,787
-131,558
130,589
-2,085,716
2,352,816
-702,318
441,189
-621,993
96,352
-534,417
-555,187
435,763
1,319,529
476,926
Accruals and Deferred Income
-878,604
696,029
-219,274
-2,177,819
1,218,442
568,472
-2,089,630
-1,009,580
1,227,226
-414,980
3,268,124
-505,223
-773,555
4,184,052
Deferred Taxes & Provisions
-100,000
-155,000
-205,000
-90,000
-920,000
298,000
1,057,000
35,000
80,000
Cash flow from operations
-332,410
-861,076
-1,404,486
-537,299
-1,707,606
-1,907,283
-361,066
2,910,588
2,311,498
290,573
2,597,947
-792,394
-1,030,284
1,321,121
Investing Activities
capital expenditure
-33,209
-80,070
-54,106
-32,680
-324,655
-41,476
-47,583
-246,409
-982,115
-183,896
-182,460
-267,345
Change in Investments
687
10,460
774
cash flow from investments
-33,896
-90,530
-54,880
-32,680
-324,655
-41,476
-47,583
-246,409
-982,115
-183,896
-182,460
-267,345
Financing Activities
Bank loans
Group/Directors Accounts
130
1,352,012
29,538
792,336
-3,300
3,300
-186,581
-1,853,784
987,115
1,053,250
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-1,071
-825
1,746
237,227
1,882
-299
62,768
25,139
270,162
4,063,831
interest
-10,200
-7,258
732
2,582
6,510
5,851
13,092
6,539
237
-2,296
80
5,819
14,648
9,614
cash flow from financing
-11,141
1,343,929
32,016
1,032,145
8,392
2,252
79,160
31,678
237
-2,296
-186,501
-1,847,965
1,271,925
5,126,695
cash and cash equivalents
cash
-377,447
392,323
-1,427,350
462,166
-2,073,869
-1,990,997
-429,489
2,199,279
905,599
-395,619
2,228,986
-2,943,342
-699,408
4,861,491
overdraft
change in cash
-377,447
392,323
-1,427,350
462,166
-2,073,869
-1,990,997
-429,489
2,199,279
905,599
-395,619
2,228,986
-2,943,342
-699,408
4,861,491
offshore design engineering limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for offshore design engineering limited. Get real-time insights into offshore design engineering limited's credit score, group structure and payment trends.
Perform a competitor analysis for offshore design engineering limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in BS2 area or any other competitors across 12 key performance metrics.
offshore design engineering limited Ownership
OFFSHORE DESIGN ENGINEERING LIMITED group structure
Offshore Design Engineering Limited has no subsidiary companies.
The sole shareholder of Offshore Design Engineering Limited is Ode Group Limited.
ode group limited
100%
offshore design engineering limited directors
Offshore Design Engineering Limited currently has 3 directors.
The longest serving directors include
Mr Francis Drennan (Jul 2022) and
Mr Thierry Guillot (Jun 2023).
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 15 charges/mortgages relating to offshore design engineering limited. Currently there are 2 open charges and 13 have been satisfied in the past.
offshore design engineering limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for OFFSHORE DESIGN ENGINEERING LIMITED. This can take several minutes, an email will notify you when this has completed.
offshore design engineering limitedCompanies House Filings - See Documents
