technip ships one limited
technip ships one limited Company Information
Company Number
02262774
Next Accounts
Sep 2025
Shareholders
technip uk limited
Group Structure
View All
Industry
Support activities for petroleum and natural gas extraction
Registered Address
hadrian house wincomblee road, newcastle upon tyne, NE6 3PL
Website
https://www.technipfmc.comtechnip ships one limited Estimated Valuation
Pomanda estimates the enterprise value of TECHNIP SHIPS ONE LIMITED at £11.1m based on a Turnover of £27.8m and 0.4x industry multiple (adjusted for size and gross margin).
technip ships one limited Estimated Valuation
Pomanda estimates the enterprise value of TECHNIP SHIPS ONE LIMITED at £0 based on an EBITDA of £-4.4m and a 1.32x industry multiple (adjusted for size and gross margin).
technip ships one limited Estimated Valuation
Pomanda estimates the enterprise value of TECHNIP SHIPS ONE LIMITED at £0 based on Net Assets of £-24.7m and 1.4x industry multiple (adjusted for liquidity).
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Technip Ships One Limited Overview
Technip Ships One Limited is a live company located in newcastle upon tyne, NE6 3PL with a Companies House number of 02262774. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in May 1988, it's largest shareholder is technip uk limited with a 100% stake. Technip Ships One Limited is a mature, large sized company, Pomanda has estimated its turnover at £27.8m with declining growth in recent years.
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Technip Ships One Limited Health Check
Pomanda's financial health check has awarded Technip Ships One Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £27.8m, make it larger than the average company (£16.6m)
£27.8m - Technip Ships One Limited
£16.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (3.4%)
-21% - Technip Ships One Limited
3.4% - Industry AVG
Production
with a gross margin of -17.9%, this company has a higher cost of product (24.6%)
-17.9% - Technip Ships One Limited
24.6% - Industry AVG
Profitability
an operating margin of -15.8% make it less profitable than the average company (6.7%)
-15.8% - Technip Ships One Limited
6.7% - Industry AVG
Employees
with 127 employees, this is above the industry average (40)
- Technip Ships One Limited
40 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Technip Ships One Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £219.1k, this is equally as efficient (£220.2k)
- Technip Ships One Limited
£220.2k - Industry AVG
Debtor Days
it gets paid by customers after 413 days, this is later than average (54 days)
413 days - Technip Ships One Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (27 days)
0 days - Technip Ships One Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Technip Ships One Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)
0 weeks - Technip Ships One Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 128.3%, this is a higher level of debt than the average (55.2%)
128.3% - Technip Ships One Limited
55.2% - Industry AVG
TECHNIP SHIPS ONE LIMITED financials
Technip Ships One Limited's latest turnover from December 2023 is £27.8 million and the company has net assets of -£24.7 million. According to their latest financial statements, we estimate that Technip Ships One Limited has 127 employees and maintains cash reserves of £459 thousand 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 | 27,822,000 | 58,153,000 | 13,973,000 | 55,508,000 | 24,295,000 | 3,068,000 | 5,109,000 | 5,000,000 | 3,550,000 | 4,688,000 | 4,004,000 | 5,130,000 | 10,342,000 | ||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 32,815,000 | 82,282,000 | 10,771,000 | 58,017,000 | 24,705,000 | 3,035,000 | 4,687,000 | 4,843,000 | 3,371,000 | 4,344,000 | 2,135,000 | 2,815,000 | 13,011,000 | ||
| Gross Profit | -4,993,000 | -24,129,000 | 3,202,000 | -2,509,000 | -410,000 | 33,000 | 422,000 | 157,000 | 179,000 | 344,000 | 1,869,000 | 2,315,000 | -2,669,000 | ||
| Admin Expenses | -2,427,000 | ||||||||||||||
| Operating Profit | 2,849,000 | 157,000 | 179,000 | 344,000 | 1,869,000 | 2,315,000 | -2,669,000 | ||||||||
| Interest Payable | 4,659,000 | 1,522,000 | 763,000 | 9,433,000 | 4,341,000 | 626,000 | 25,000 | ||||||||
| Interest Receivable | 3,914,000 | 2,475,000 | 1,134,000 | 7,990,000 | 2,853,000 | 8,000 | 7,000 | 126,000 | 2,000 | ||||||
| Pre-Tax Profit | -5,738,000 | -23,176,000 | 3,573,000 | -3,952,000 | -1,898,000 | -642,000 | 6,000 | 2,975,000 | -2,064,000 | 179,000 | 333,000 | 1,869,000 | 1,592,000 | -2,692,000 | |
| Tax | 1,357,000 | 4,424,000 | -687,000 | 754,000 | 399,000 | 121,000 | -18,000 | -599,000 | 373,000 | -317,000 | 374,000 | -1,918,000 | -552,000 | 753,000 | |
| Profit After Tax | -4,381,000 | -18,752,000 | 2,886,000 | -3,198,000 | -1,499,000 | -521,000 | -12,000 | 2,376,000 | -1,691,000 | -138,000 | 707,000 | -49,000 | 1,040,000 | -1,939,000 | |
| Dividends Paid | |||||||||||||||
| Retained Profit | -4,381,000 | -18,752,000 | 2,886,000 | -3,198,000 | -1,499,000 | -521,000 | -12,000 | 2,376,000 | -1,691,000 | -138,000 | 707,000 | -49,000 | 1,040,000 | -1,939,000 | |
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 3 | 4 | 4 | |||||||||
| EBITDA* | 7,536,000 | 5,000,000 | 3,550,000 | 4,699,000 | 4,004,000 | 5,130,000 | 2,950,000 |
* 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 | 6,363,000 | 13,852,000 | 10,240,000 | 11,161,000 | 10,551,000 | 20,096,000 | |||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 39,173,000 | 53,761,000 | 557,000 | ||||||||||||
| Total Fixed Assets | 39,173,000 | 53,761,000 | 557,000 | 6,363,000 | 13,852,000 | 10,240,000 | 11,161,000 | 10,551,000 | 20,096,000 | ||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 31,485,000 | 6,330,000 | 235,000 | 12,127,000 | 13,511,000 | 1,142,000 | 8,000 | 3,000 | 4,000 | 4,000 | 4,000 | 2,000 | 24,000 | ||
| Group Debtors | 3,401,000 | 7,000 | 7,000 | 7,000 | 7,000 | 7,000 | 1,119,000 | ||||||||
| Misc Debtors | 16,407,000 | 7,489,000 | 17,900,000 | 5,557,000 | 1,946,000 | 2,647,000 | 2,396,000 | 288,000 | 131,000 | 130,000 | |||||
| Cash | 459,000 | 1,491,000 | 840,000 | 16,551,000 | 1,630,000 | 18,000 | 5,285,000 | ||||||||
| misc current assets | |||||||||||||||
| total current assets | 48,351,000 | 15,310,000 | 18,975,000 | 34,235,000 | 17,087,000 | 3,807,000 | 2,404,000 | 8,686,000 | 298,000 | 11,000 | 11,000 | 11,000 | 140,000 | 1,273,000 | |
| total assets | 87,524,000 | 69,071,000 | 18,975,000 | 34,792,000 | 17,087,000 | 3,807,000 | 2,404,000 | 8,686,000 | 6,661,000 | 13,863,000 | 10,251,000 | 11,172,000 | 10,691,000 | 21,369,000 | |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 72,000 | 8,543,000 | 9,461,000 | 11,332,000 | 732,000 | ||||||||||
| Group/Directors Accounts | 19,055,000 | 21,294,000 | 5,191,000 | 7,691,000 | 3,560,000 | 1,536,000 | 1,491,000 | 1,359,000 | 591,000 | 2,374,000 | 1,752,000 | 3,007,000 | 4,137,000 | 16,027,000 | |
| other short term finances | 407,000 | 1,068,000 | 205,000 | ||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 90,135,000 | 54,661,000 | 4,004,000 | 18,303,000 | 12,304,000 | 1,310,000 | 303,000 | 716,000 | 1,835,000 | 4,893,000 | 1,804,000 | 1,135,000 | 1,148,000 | ||
| total current liabilities | 109,262,000 | 84,905,000 | 18,656,000 | 37,326,000 | 17,664,000 | 3,051,000 | 1,794,000 | 2,075,000 | 2,426,000 | 7,267,000 | 3,556,000 | 4,142,000 | 5,285,000 | 16,027,000 | |
| loans | 1,714,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 2,993,000 | 4,352,000 | 1,782,000 | 1,551,000 | 535,000 | 670,000 | 631,000 | 1,673,000 | 976,000 | ||||||
| total long term liabilities | 2,993,000 | 4,352,000 | 1,782,000 | 1,551,000 | 535,000 | 1,714,000 | 670,000 | 631,000 | 1,673,000 | 976,000 | |||||
| total liabilities | 112,255,000 | 89,257,000 | 20,438,000 | 38,877,000 | 18,199,000 | 4,765,000 | 1,794,000 | 2,075,000 | 2,426,000 | 7,937,000 | 4,187,000 | 5,815,000 | 5,285,000 | 17,003,000 | |
| net assets | -24,731,000 | -20,186,000 | -1,463,000 | -4,085,000 | -1,112,000 | -958,000 | 610,000 | 6,611,000 | 4,235,000 | 5,926,000 | 6,064,000 | 5,357,000 | 5,406,000 | 4,366,000 | |
| total shareholders funds | -24,731,000 | -20,186,000 | -1,463,000 | -4,085,000 | -1,112,000 | -958,000 | 610,000 | 6,611,000 | 4,235,000 | 5,926,000 | 6,064,000 | 5,357,000 | 5,406,000 | 4,366,000 |
| 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 | 2,849,000 | 157,000 | 179,000 | 344,000 | 1,869,000 | 2,315,000 | -2,669,000 | ||||||||
| Depreciation | 4,687,000 | 4,843,000 | 3,371,000 | 4,355,000 | 2,135,000 | 2,815,000 | 5,619,000 | ||||||||
| Amortisation | |||||||||||||||
| Tax | 1,357,000 | 4,424,000 | -687,000 | 754,000 | 399,000 | 121,000 | -18,000 | -599,000 | 373,000 | -317,000 | 374,000 | -1,918,000 | -552,000 | 753,000 | |
| Stock | |||||||||||||||
| Debtors | 19,485,000 | 49,445,000 | -106,000 | 2,784,000 | 11,668,000 | 1,385,000 | 2,404,000 | -3,401,000 | 3,103,000 | 287,000 | -129,000 | -1,133,000 | 1,273,000 | ||
| Creditors | -8,471,000 | -918,000 | -1,871,000 | 10,600,000 | 732,000 | ||||||||||
| Accruals and Deferred Income | 35,474,000 | 50,657,000 | -14,299,000 | 5,999,000 | 10,994,000 | 1,007,000 | 303,000 | -716,000 | -1,119,000 | -3,058,000 | 3,089,000 | 669,000 | -13,000 | 1,148,000 | |
| Deferred Taxes & Provisions | -1,359,000 | 2,570,000 | 231,000 | 1,016,000 | 535,000 | -670,000 | 39,000 | -1,042,000 | 1,673,000 | -976,000 | 976,000 | ||||
| Cash flow from operations | 2,715,000 | 1,358,000 | 6,361,000 | 4,700,000 | 3,875,000 | 5,883,000 | 3,406,000 | ||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -2,239,000 | 16,103,000 | -2,500,000 | 4,131,000 | 2,024,000 | 45,000 | 1,491,000 | -1,359,000 | 768,000 | -1,783,000 | 622,000 | -1,255,000 | -1,130,000 | -11,890,000 | 16,027,000 |
| Other Short Term Loans | -407,000 | 407,000 | -1,068,000 | 863,000 | 205,000 | ||||||||||
| Long term loans | -1,714,000 | 1,714,000 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -745,000 | 953,000 | 371,000 | -1,443,000 | -1,488,000 | -618,000 | 7,000 | 126,000 | -23,000 | ||||||
| cash flow from financing | -3,555,000 | 17,492,000 | -2,393,000 | 1,845,000 | 1,030,000 | 299,000 | 2,120,000 | 894,000 | -1,783,000 | 622,000 | -1,255,000 | -1,130,000 | -11,890,000 | 22,309,000 | |
| cash and cash equivalents | |||||||||||||||
| cash | -1,032,000 | 651,000 | -15,711,000 | 14,921,000 | 1,612,000 | 18,000 | -5,285,000 | 5,285,000 | |||||||
| overdraft | |||||||||||||||
| change in cash | -1,032,000 | 651,000 | -15,711,000 | 14,921,000 | 1,612,000 | 18,000 | -5,285,000 | 5,285,000 |
technip ships one limited Credit Report and Business Information
Technip Ships One Limited Competitor Analysis
Perform a competitor analysis for technip ships one limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other large companies, companies in NE6 area or any other competitors across 12 key performance metrics.
technip ships one limited Ownership
TECHNIP SHIPS ONE LIMITED group structure
Technip Ships One Limited has no subsidiary companies.
Ultimate parent company
2 parents
TECHNIP SHIPS ONE LIMITED
02262774
technip ships one limited directors
Technip Ships One Limited currently has 2 directors. The longest serving directors include Mrs Helen Urquhart (Dec 2018) and Mr Alexander Bertram (Apr 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Helen Urquhart | United Kingdom | 58 years | Dec 2018 | - | Director |
| Mr Alexander Bertram | United Kingdom | 41 years | Apr 2022 | - | Director |
P&L
December 2023turnover
27.8m
-52%
operating profit
-4.4m
0%
gross margin
-17.9%
-56.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-24.7m
+0.23%
total assets
87.5m
+0.27%
cash
459k
-0.69%
net assets
Total assets minus all liabilities
technip ships one limited company details
company number
02262774
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
May 1988
age
37
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
coflexip stena offshore ships one limited (November 2002)
stena offshore ships one limited (March 1995)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
hadrian house wincomblee road, newcastle upon tyne, NE6 3PL
Bank
BANK OF SCOTLAND
Legal Advisor
-
technip ships one 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 14 charges/mortgages relating to technip ships one limited. Currently there are 2 open charges and 12 have been satisfied in the past.
technip ships one 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 TECHNIP SHIPS ONE LIMITED. This can take several minutes, an email will notify you when this has completed.
technip ships one limited Companies House Filings - See Documents
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