panoceanic energy limited
panoceanic energy limited Company Information
Company Number
01851671
Next Accounts
Sep 2025
Industry
Support activities for petroleum and natural gas extraction
Shareholders
petroleum geo-services (uk) ltd
Group Structure
View All
Contact
Registered Address
4 the heights brooklands, weybridge, surrey, KT13 0NY
Website
http://pgs.companoceanic energy limited Estimated Valuation
Pomanda estimates the enterprise value of PANOCEANIC ENERGY LIMITED at £0 based on a Turnover of £0 and 0.75x industry multiple (adjusted for size and gross margin).
panoceanic energy limited Estimated Valuation
Pomanda estimates the enterprise value of PANOCEANIC ENERGY LIMITED at £0 based on an EBITDA of £-33.8k and a 2.44x industry multiple (adjusted for size and gross margin).
panoceanic energy limited Estimated Valuation
Pomanda estimates the enterprise value of PANOCEANIC ENERGY LIMITED at £469k based on Net Assets of £319.7k and 1.47x industry multiple (adjusted for liquidity).
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Panoceanic Energy Limited Overview
Panoceanic Energy Limited is a live company located in surrey, KT13 0NY with a Companies House number of 01851671. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in October 1984, it's largest shareholder is petroleum geo-services (uk) ltd with a 100% stake. Panoceanic Energy Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Panoceanic Energy Limited Health Check
Pomanda's financial health check has awarded Panoceanic Energy Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 1 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
1 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
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Production
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Employees
with 1 employees, this is below the industry average (41)
- Panoceanic Energy Limited
- - Industry AVG
Pay Structure
on an average salary of £72.1k, the company has an equivalent pay structure (£72.1k)
- Panoceanic Energy Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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Debtor Days
There is insufficient data available for this Key Performance Indicator!
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Creditor Days
its suppliers are paid after 47 days, this is slower than average (27 days)
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- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
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Cash Balance
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.9%, this is a lower level of debt than the average (55.3%)
- - Panoceanic Energy Limited
- - Industry AVG
PANOCEANIC ENERGY LIMITED financials
Panoceanic Energy Limited's latest turnover from December 2023 is 0 and the company has net assets of £319.7 thousand. According to their latest financial statements, we estimate that Panoceanic Energy Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 24,348 | 99,749 | 194,065 | 152,247 | 41,080 | 2,400 | 1,538 | 35,374 | 0 | 53,520 | 64,639 | ||||
| Gross Profit | -24,348 | -99,749 | -194,065 | -152,247 | -41,080 | -2,400 | -1,538 | -35,374 | 0 | -53,520 | -64,639 | ||||
| Admin Expenses | 9,425 | 2,356 | 3,234 | 2,228 | 2,934 | 7,200 | 0 | 3,076 | 0 | 561,548 | 16,622 | ||||
| Operating Profit | -33,773 | -102,105 | -197,299 | -154,475 | -44,014 | -9,600 | -1,538 | -38,450 | 0 | -615,068 | -81,261 | ||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,351 | 3,078 | ||||
| Interest Receivable | 25,133 | 38,485 | 33,152 | 46,045 | 39,612 | 26,145 | 23,069 | 20,007 | 0 | 0 | |||||
| Pre-Tax Profit | -8,640 | -63,619 | -164,147 | -108,429 | -4,401 | 32,000 | 24,608 | -15,380 | 20,008 | -627,419 | -84,339 | ||||
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Profit After Tax | -8,640 | -63,619 | -164,147 | -108,429 | -4,401 | 32,000 | 24,608 | -15,380 | 20,008 | -627,419 | -84,339 | ||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Retained Profit | -8,640 | -63,619 | -164,147 | -108,429 | -4,401 | 32,000 | 24,608 | -15,380 | 20,008 | -627,419 | -84,339 | ||||
| Employee Costs | 0 | ||||||||||||||
| Number Of Employees | 3 | ||||||||||||||
| EBITDA* | -33,773 | -102,105 | -197,299 | -154,475 | -44,014 | -9,600 | -1,538 | -38,450 | 0 | -615,068 | -81,261 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 369,367 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 369,367 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 684,800 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 325,950 | 339,302 | 421,282 | 525,807 | 626,467 | 0 | 632,113 | 634,420 | 617,929 | 638,946 | 1,018,222 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 2,425 | 2,227 | 3,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 325,950 | 339,303 | 423,708 | 528,036 | 630,135 | 684,800 | 632,113 | 634,420 | 617,930 | 638,946 | 1,018,222 | 0 | 0 | 0 | 0 |
| total assets | 325,950 | 339,303 | 423,708 | 528,036 | 630,135 | 684,800 | 632,113 | 634,420 | 617,930 | 638,946 | 1,387,589 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 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 | 0 |
| Trade Creditors | 3,142 | 7,069 | 15,363 | 1,485 | 2,934 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 440,778 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 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 | 0 |
| other current liabilities | 3,141 | 3,927 | 4,851 | 5,198 | 5,134 | 0 | 6,151 | 33,066 | 769 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 6,283 | 10,996 | 20,215 | 6,684 | 8,069 | 1,600 | 6,152 | 33,067 | 770 | 0 | 440,778 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 6,283 | 10,996 | 20,215 | 6,684 | 8,069 | 1,600 | 6,152 | 33,067 | 770 | 0 | 440,778 | 0 | 0 | 0 | 0 |
| net assets | 319,667 | 328,307 | 403,493 | 521,352 | 622,066 | 683,200 | 625,961 | 601,353 | 617,160 | 638,946 | 946,811 | 0 | 0 | 0 | 0 |
| total shareholders funds | 319,667 | 328,307 | 403,493 | 521,352 | 622,066 | 683,200 | 625,961 | 601,353 | 617,160 | 638,946 | 946,811 | 0 | 0 | 0 | 0 |
| Dec 2023 | 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 | -33,773 | -102,105 | -197,299 | -154,475 | -44,014 | -9,600 | -1,538 | -38,450 | 0 | -615,068 | -81,261 | ||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -13,352 | -84,406 | -104,327 | -102,099 | -54,666 | 52,687 | -2,307 | 16,491 | -21,017 | -379,276 | 1,018,222 | 0 | 0 | 0 | 0 |
| Creditors | -3,927 | -8,295 | 13,878 | -1,449 | 2,934 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -786 | -924 | -347 | 64 | 5,134 | -6,151 | -26,915 | 32,297 | 769 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -25,134 | -26,918 | -79,441 | -53,761 | 18,720 | -26,146 | -22,644 | 21,786 | -235,792 | -1,099,483 | |||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -440,778 | 440,778 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 25,133 | 38,485 | 33,152 | 46,045 | 39,612 | 26,145 | 23,069 | 20,007 | -12,351 | -3,078 | |||||
| cash flow from financing | 25,133 | 26,917 | 79,441 | 53,760 | -17,121 | 26,145 | 22,642 | -21,787 | -133,575 | 1,468,850 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
panoceanic energy limited Credit Report and Business Information
Panoceanic Energy Limited Competitor Analysis
Perform a competitor analysis for panoceanic energy limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mature companies, companies in KT13 area or any other competitors across 12 key performance metrics.
panoceanic energy limited Ownership
PANOCEANIC ENERGY LIMITED group structure
Panoceanic Energy Limited has no subsidiary companies.
Ultimate parent company
PETROLEUM GEO-SERVICES AS
#0126969
2 parents
PANOCEANIC ENERGY LIMITED
01851671
panoceanic energy limited directors
Panoceanic Energy Limited currently has 2 directors. The longest serving directors include Ms Merethe Bryn (Jun 2023) and Mr Sven Borre Larsen (Aug 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Merethe Bryn | 51 years | Jun 2023 | - | Director | |
| Mr Sven Borre Larsen | 48 years | Aug 2024 | - | Director |
P&L
December 2023turnover
0
0%
operating profit
-33.8k
-67%
gross margin
null%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
319.7k
-0.03%
total assets
326k
-0.04%
cash
0
0%
net assets
Total assets minus all liabilities
panoceanic energy limited company details
company number
01851671
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
October 1984
age
40
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
pgs geophysical services limited (December 2013)
pgs nopec (uk) ltd. (July 2012)
See moreaccountant
-
auditor
ERNST & YOUNG LLP
address
4 the heights brooklands, weybridge, surrey, KT13 0NY
Bank
HSBC BANK PLC
Legal Advisor
-
panoceanic energy 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 panoceanic energy limited. Currently there are 0 open charges and 3 have been satisfied in the past.
panoceanic energy 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.
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panoceanic energy limited Companies House Filings - See Documents
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