pgs geophysical (angola) ltd.
pgs geophysical (angola) ltd. Company Information
Company Number
01956990
Next Accounts
93 days late
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
pgs.compgs geophysical (angola) ltd. Estimated Valuation
Pomanda estimates the enterprise value of PGS GEOPHYSICAL (ANGOLA) LTD. at £389.8k based on a Turnover of £1m and 0.37x industry multiple (adjusted for size and gross margin).
pgs geophysical (angola) ltd. Estimated Valuation
Pomanda estimates the enterprise value of PGS GEOPHYSICAL (ANGOLA) LTD. at £0 based on an EBITDA of £-675.1k and a 1.21x industry multiple (adjusted for size and gross margin).
pgs geophysical (angola) ltd. Estimated Valuation
Pomanda estimates the enterprise value of PGS GEOPHYSICAL (ANGOLA) LTD. at £0 based on Net Assets of £-3.8m and 1.47x industry multiple (adjusted for liquidity).
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Pgs Geophysical (angola) Ltd. Overview
Pgs Geophysical (angola) Ltd. is a live company located in surrey, KT13 0NY with a Companies House number of 01956990. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in November 1985, it's largest shareholder is petroleum geo-services (uk) ltd with a 100% stake. Pgs Geophysical (angola) Ltd. is a mature, small sized company, Pomanda has estimated its turnover at £1m with declining growth in recent years.
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Pgs Geophysical (angola) Ltd. Health Check
Pomanda's financial health check has awarded Pgs Geophysical (Angola) Ltd. a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
9 Weak
Size
annual sales of £1m, make it smaller than the average company (£14m)
£1m - Pgs Geophysical (angola) Ltd.
£14m - Industry AVG
Growth
3 year (CAGR) sales growth of -45%, show it is growing at a slower rate (-2.6%)
-45% - Pgs Geophysical (angola) Ltd.
-2.6% - Industry AVG
Production
with a gross margin of -1.1%, this company has a higher cost of product (20.3%)
-1.1% - Pgs Geophysical (angola) Ltd.
20.3% - Industry AVG
Profitability
an operating margin of -76.8% make it less profitable than the average company (6%)
-76.8% - Pgs Geophysical (angola) Ltd.
6% - Industry AVG
Employees
with 20 employees, this is below the industry average (40)
20 - Pgs Geophysical (angola) Ltd.
40 - Industry AVG
Pay Structure
on an average salary of £14.3k, the company has a lower pay structure (£73.1k)
£14.3k - Pgs Geophysical (angola) Ltd.
£73.1k - Industry AVG
Efficiency
resulting in sales per employee of £52.5k, this is less efficient (£216.4k)
£52.5k - Pgs Geophysical (angola) Ltd.
£216.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Pgs Geophysical (angola) Ltd.
- - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (26 days)
6 days - Pgs Geophysical (angola) Ltd.
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Pgs Geophysical (angola) Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Pgs Geophysical (angola) Ltd.
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 489.4%, this is a higher level of debt than the average (58.3%)
489.4% - Pgs Geophysical (angola) Ltd.
58.3% - Industry AVG
PGS GEOPHYSICAL (ANGOLA) LTD. financials
Pgs Geophysical (Angola) Ltd.'s latest turnover from December 2022 is £1 million and the company has net assets of -£3.8 million. According to their latest financial statements, Pgs Geophysical (Angola) Ltd. has 20 employees and maintains cash reserves of £65.8 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 | 1,049,209 | 3,521,285 | 7,566,821 | 6,335,966 | 5,154,210 | 1,631,018 | 1,453,653 | 5,131,150 | 7,729,716 | 7,136,173 | 15,830,460 | 1,922,720 | 7,130,472 | 3,753,129 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,060,448 | 3,392,771 | 7,992,526 | 5,198,851 | 4,923,496 | 1,475,607 | 1,359,350 | 4,833,928 | 7,357,379 | 6,754,494 | 15,152,672 | 1,831,692 | 6,835,717 | 3,563,130 |
| Gross Profit | -11,239 | 128,514 | -425,705 | 1,137,114 | 230,714 | 155,411 | 94,303 | 297,222 | 372,337 | 381,679 | 677,789 | 91,027 | 294,755 | 189,999 |
| Admin Expenses | 794,734 | -865,060 | 2,520,919 | 885,140 | 1,190,419 | 34,446 | 39,101 | 59,755 | 32,377 | 35,705 | 32,012 | 18,577 | 19,815 | 15,405 |
| Operating Profit | -805,973 | 993,574 | -2,946,624 | 251,974 | -959,705 | 120,965 | 55,202 | 237,467 | 339,960 | 345,974 | 645,777 | 72,450 | 274,940 | 174,594 |
| Interest Payable | 354,018 | 179,116 | 318,466 | 176,597 | 0 | 0 | 0 | 0 | 9,066 | 16,622 | 28,934 | 27,866 | 22,912 | 46,216 |
| Interest Receivable | 0 | 141,365 | 0 | 0 | 15,220 | 32,043 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -1,159,990 | 955,823 | -3,265,091 | 75,377 | -931,667 | 178,643 | 121,904 | 240,571 | 330,894 | 329,352 | 616,843 | 44,585 | 252,028 | 128,378 |
| Tax | -31,308 | 8,032 | 2,437 | -81,120 | -97,733 | -49,668 | -64,402 | -152,103 | -130,804 | -121,891 | -297,341 | -20,435 | 29,723 | -105,270 |
| Profit After Tax | -1,191,298 | 963,855 | -3,262,653 | -5,743 | -1,029,400 | 128,975 | 57,502 | 88,468 | 200,091 | 207,461 | 319,503 | 24,150 | 281,751 | 23,108 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,191,298 | 963,855 | -3,262,653 | -5,743 | -1,029,400 | 128,975 | 57,502 | 88,468 | 200,091 | 207,461 | 319,503 | 24,150 | 281,751 | 23,108 |
| Employee Costs | 286,586 | 208,835 | 225,039 | 261,307 | 343,667 | 425,379 | 212,374 | 294,118 | 368,452 | 304,728 | 283,797 | 279,893 | 239,024 | 290,776 |
| Number Of Employees | 20 | 21 | 22 | 23 | 21 | 20 | 13 | 12 | 12 | 10 | 9 | 9 | 8 | 9 |
| EBITDA* | -675,122 | 1,124,498 | -2,659,842 | 594,401 | -952,495 | 138,588 | 74,369 | 264,628 | 404,067 | 442,009 | 736,272 | 113,939 | 323,859 | 225,303 |
* 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 | 10,435 | 424,899 | 553,253 | 664,034 | 18,425 | 25,634 | 21,467 | 37,249 | 38,205 | 74,489 | 152,056 | 149,235 | 107,127 | 53,276 |
| Intangible Assets | 283,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 293,811 | 424,900 | 553,254 | 664,034 | 18,425 | 25,635 | 21,467 | 37,250 | 38,205 | 74,489 | 152,056 | 149,235 | 107,127 | 53,277 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 223,259 | 660,899 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 510,556 | 150,200 | 145,422 | 192,390 | 0 | 2,825,442 | 1,155,409 | 882,352 | 371,041 | 716,572 | 315,808 | 427,271 | 33,438 | 2,568,200 |
| Misc Debtors | 105,161 | 803 | 8,936 | 117,731 | 0 | 17,623 | 51,368 | 166,071 | 116,557 | 99,113 | 73,873 | 150,473 | 120,131 | 75,742 |
| Cash | 65,826 | 61,044 | 62,556 | 246,231 | 310,022 | 21,629 | 24,534 | 97,781 | 48,566 | 22,162 | 28,318 | 33,439 | 38,392 | 30,811 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 681,545 | 212,048 | 216,914 | 779,612 | 970,920 | 2,864,696 | 1,231,312 | 1,146,205 | 536,165 | 837,848 | 418,000 | 611,183 | 191,962 | 2,674,754 |
| total assets | 975,355 | 636,948 | 770,168 | 1,443,647 | 989,346 | 2,890,331 | 1,252,779 | 1,183,455 | 574,370 | 912,337 | 570,057 | 760,419 | 299,090 | 2,728,031 |
| Bank overdraft | 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 |
| Trade Creditors | 20,069 | 51,406 | 11,374 | 191,673 | 40,054 | 12,817 | 29,901 | 386,466 | 79,648 | 411,844 | 33,243 | 53,254 | 3,096 | 17,973 |
| Group/Directors Accounts | 3,801,076 | 2,578,313 | 1,902,673 | 755,205 | 1,014,980 | 2,005,928 | 296,711 | 3,104 | 5,828 | 109,579 | 327,506 | 915,227 | 585,176 | 3,294,820 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 125,230 | 129,317 | 121,862 | 160,804 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 647,828 | 182,329 | 334,714 | 300,789 | 273,171 | 181,046 | 388,714 | 308,086 | 157,352 | 265,944 | 291,800 | 196,296 | 139,327 | 151,485 |
| total current liabilities | 4,594,204 | 2,941,365 | 2,370,623 | 1,408,471 | 1,328,206 | 2,199,792 | 715,326 | 697,656 | 242,828 | 787,368 | 652,549 | 1,164,778 | 727,599 | 3,464,279 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 179,015 | 303,614 | 424,079 | 344,580 | 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 | 0 | 0 | 1,588,268 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 179,016 | 303,614 | 2,012,349 | 344,580 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 4,773,220 | 3,244,980 | 4,382,972 | 1,753,051 | 1,328,206 | 2,199,792 | 715,326 | 697,656 | 242,828 | 787,368 | 652,549 | 1,164,778 | 727,599 | 3,464,279 |
| net assets | -3,797,865 | -2,608,032 | -3,612,804 | -309,404 | -338,861 | 690,539 | 537,453 | 485,799 | 331,542 | 124,969 | -82,492 | -404,359 | -428,510 | -736,248 |
| total shareholders funds | -3,797,865 | -2,608,032 | -3,612,804 | -309,404 | -338,861 | 690,539 | 537,453 | 485,799 | 331,542 | 124,969 | -82,492 | -404,359 | -428,509 | -736,248 |
| 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 | -805,973 | 993,574 | -2,946,624 | 251,974 | -959,705 | 120,965 | 55,202 | 237,467 | 339,960 | 345,974 | 645,777 | 72,450 | 274,940 | 174,594 |
| Depreciation | 130,850 | 130,924 | 286,782 | 342,426 | 7,210 | 17,624 | 19,167 | 27,161 | 64,107 | 96,035 | 90,495 | 41,489 | 48,919 | 50,709 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -31,308 | 8,032 | 2,437 | -81,120 | -97,733 | -49,668 | -64,402 | -152,103 | -130,804 | -121,891 | -297,341 | -20,435 | 29,723 | -105,270 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 464,714 | -3,354 | -379,023 | -127,517 | -2,182,168 | 1,636,289 | 158,353 | 560,825 | -328,086 | 426,003 | -188,062 | 424,175 | -2,490,374 | 2,643,943 |
| Creditors | -31,337 | 40,032 | -180,299 | 151,618 | 27,237 | -17,084 | -356,565 | 306,818 | -332,197 | 378,601 | -20,011 | 50,158 | -14,877 | 17,973 |
| Accruals and Deferred Income | 465,499 | -152,385 | 33,925 | 27,618 | 92,125 | -207,668 | 80,628 | 150,734 | -108,592 | -25,856 | 95,504 | 56,969 | -12,158 | 151,485 |
| Deferred Taxes & Provisions | 0 | -1,588,268 | 1,588,268 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -736,983 | -564,737 | -836,488 | 820,033 | 1,251,302 | -1,772,120 | -424,323 | 9,252 | 160,560 | 246,860 | 702,486 | -223,544 | 2,816,921 | -2,354,452 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 1,222,762 | 675,640 | 1,147,468 | -259,776 | -990,948 | 1,709,217 | 293,607 | -2,724 | -103,751 | -217,927 | -587,721 | 330,051 | -2,709,644 | 3,294,820 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | -128,686 | -113,010 | 40,557 | 505,384 | 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 | ||||||||||||||
| interest | -354,018 | -37,751 | -318,466 | -176,597 | 15,220 | 32,043 | 0 | 0 | -9,066 | -16,622 | -28,934 | -27,866 | -22,912 | -46,216 |
| cash flow from financing | 741,523 | 565,796 | 828,813 | 104,211 | -975,728 | 1,765,371 | 287,759 | 63,065 | -106,335 | -234,549 | -614,291 | 302,185 | -2,706,569 | 2,489,248 |
| cash and cash equivalents | ||||||||||||||
| cash | 4,782 | -1,512 | -183,675 | -63,790 | 288,392 | -2,905 | -73,246 | 49,215 | 26,404 | -6,156 | -5,120 | -4,954 | 7,582 | 30,811 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,782 | -1,512 | -183,675 | -63,790 | 288,392 | -2,905 | -73,246 | 49,215 | 26,404 | -6,156 | -5,120 | -4,954 | 7,582 | 30,811 |
pgs geophysical (angola) ltd. Credit Report and Business Information
Pgs Geophysical (angola) Ltd. Competitor Analysis
Perform a competitor analysis for pgs geophysical (angola) ltd. by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other small companies, companies in KT13 area or any other competitors across 12 key performance metrics.
pgs geophysical (angola) ltd. Ownership
PGS GEOPHYSICAL (ANGOLA) LTD. group structure
Pgs Geophysical (Angola) Ltd. has no subsidiary companies.
Ultimate parent company
PETROLEUM GEO-SERVICES AS
#0126969
2 parents
PGS GEOPHYSICAL (ANGOLA) LTD.
01956990
pgs geophysical (angola) ltd. directors
Pgs Geophysical (Angola) Ltd. currently has 4 directors. The longest serving directors include Mr Christopher Drage (Oct 2020) and Mr Christopher Drage (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Drage | 58 years | Oct 2020 | - | Director | |
| Mr Christopher Drage | 58 years | Oct 2020 | - | Director | |
| Ms Merethe Bryn | 51 years | Jun 2023 | - | Director | |
| Mr Sven Borre Larsen | 48 years | Aug 2024 | - | Director |
P&L
December 2022turnover
1m
-70%
operating profit
-806k
-181%
gross margin
-1%
-129.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-3.8m
+0.46%
total assets
975.4k
+0.53%
cash
65.8k
+0.08%
net assets
Total assets minus all liabilities
pgs geophysical (angola) ltd. company details
company number
01956990
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
November 1985
age
39
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
pgs processing (angola) ltd. (October 2003)
pgs tensor (uk) ltd. (November 2001)
See moreaccountant
-
auditor
ERNST & YOUNG LLP
address
4 the heights brooklands, weybridge, surrey, KT13 0NY
Bank
HSBC BANK PLC
Legal Advisor
-
pgs geophysical (angola) ltd. 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 2 charges/mortgages relating to pgs geophysical (angola) ltd.. Currently there are 0 open charges and 2 have been satisfied in the past.
pgs geophysical (angola) ltd. 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 PGS GEOPHYSICAL (ANGOLA) LTD.. This can take several minutes, an email will notify you when this has completed.
pgs geophysical (angola) ltd. Companies House Filings - See Documents
| date | description | view/download |
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