northern gas processing limited
northern gas processing limited Company Information
Company Number
02866642
Next Accounts
Sep 2025
Shareholders
teesside gas & liquids processing
teesside gas processing plant ltd
Group Structure
View All
Industry
Support activities for petroleum and natural gas extraction
Registered Address
suite 1, 7th floor 50 broadway, london, SW1H 0BL
Website
gasprocessingnews.comnorthern gas processing limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHERN GAS PROCESSING LIMITED at £0 based on a Turnover of £3.3m and -0.05x industry multiple (adjusted for size and gross margin).
northern gas processing limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHERN GAS PROCESSING LIMITED at £467.8k based on an EBITDA of £-2.6m and a -0.18x industry multiple (adjusted for size and gross margin).
northern gas processing limited Estimated Valuation
Pomanda estimates the enterprise value of NORTHERN GAS PROCESSING LIMITED at £0 based on Net Assets of £-15.1m and 1.4x industry multiple (adjusted for liquidity).
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Northern Gas Processing Limited Overview
Northern Gas Processing Limited is a live company located in london, SW1H 0BL with a Companies House number of 02866642. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in October 1993, it's largest shareholder is teesside gas & liquids processing with a 99% stake. Northern Gas Processing Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with declining growth in recent years.
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Northern Gas Processing Limited Health Check
Pomanda's financial health check has awarded Northern Gas Processing Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
6 Weak
Size
annual sales of £3.3m, make it smaller than the average company (£16.7m)
£3.3m - Northern Gas Processing Limited
£16.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3.4%)
-3% - Northern Gas Processing Limited
3.4% - Industry AVG
Production
with a gross margin of -60.1%, this company has a higher cost of product (25.1%)
-60.1% - Northern Gas Processing Limited
25.1% - Industry AVG
Profitability
an operating margin of -110.4% make it less profitable than the average company (6.6%)
-110.4% - Northern Gas Processing Limited
6.6% - Industry AVG
Employees
with 16 employees, this is below the industry average (41)
- Northern Gas Processing Limited
41 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Northern Gas Processing Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £209k, this is equally as efficient (£220.2k)
- Northern Gas Processing Limited
£220.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Northern Gas Processing Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Northern Gas Processing Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Northern Gas Processing Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Northern Gas Processing Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 121.2%, this is a higher level of debt than the average (55.3%)
121.2% - Northern Gas Processing Limited
55.3% - Industry AVG
NORTHERN GAS PROCESSING LIMITED financials
Northern Gas Processing Limited's latest turnover from December 2023 is £3.3 million and the company has net assets of -£15.1 million. According to their latest financial statements, we estimate that Northern Gas Processing Limited has 16 employees 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 | 3,344,000 | 3,575,000 | 3,364,000 | 3,610,000 | 4,461,000 | 4,033,000 | 4,134,000 | 3,732,000 | 4,205,000 | 3,370,000 | 2,644,000 | 2,577,000 | 22,539,000 | 22,452,000 | 19,101,348 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 5,355,000 | 4,945,000 | 5,097,000 | 4,970,000 | 4,831,000 | 4,724,000 | 4,607,000 | 4,489,000 | 4,375,000 | 4,270,000 | 4,188,000 | 4,085,000 | 5,061,000 | 6,952,000 | 5,049,301 |
| Gross Profit | -2,011,000 | -1,370,000 | -1,733,000 | -1,360,000 | -370,000 | -691,000 | -473,000 | -757,000 | -170,000 | -900,000 | -1,544,000 | -1,508,000 | 17,478,000 | 15,500,000 | 14,052,047 |
| Admin Expenses | 1,680,000 | -1,286,000 | 1,463,000 | 1,415,000 | 1,390,000 | 1,321,000 | 1,276,000 | 1,207,000 | 1,194,000 | 1,230,000 | 710,000 | 1,831,000 | 6,093,984 | ||
| Operating Profit | -3,691,000 | -84,000 | -1,833,000 | -2,106,000 | -1,863,000 | -2,078,000 | -1,446,000 | -2,107,000 | -2,738,000 | -2,738,000 | 16,768,000 | 13,669,000 | 7,958,063 | ||
| Interest Payable | 801,000 | 1,099,000 | 1,940,839 | ||||||||||||
| Interest Receivable | 36,000 | 1,000 | 1,000 | 59,286 | |||||||||||
| Pre-Tax Profit | -3,691,000 | -84,000 | -6,797,000 | -2,876,000 | -1,833,000 | -2,106,000 | -1,827,000 | -2,078,000 | -1,446,000 | -2,107,000 | -2,738,000 | -2,726,000 | 15,997,000 | 12,606,000 | 6,119,571 |
| Tax | 884,000 | -319,000 | 2,630,000 | 1,712,000 | 948,000 | 1,205,000 | 183,000 | 1,383,000 | 671,000 | 691,000 | 1,012,000 | 595,000 | -16,568,000 | -11,957,000 | -5,376,935 |
| Profit After Tax | -2,807,000 | -403,000 | -4,167,000 | -1,164,000 | -885,000 | -901,000 | -1,644,000 | -695,000 | -775,000 | -1,416,000 | -1,726,000 | -2,131,000 | -571,000 | 649,000 | 742,636 |
| Dividends Paid | 801,000 | 1,034,000 | 887,419 | ||||||||||||
| Retained Profit | -2,807,000 | -403,000 | -4,167,000 | -1,164,000 | -885,000 | -901,000 | -1,644,000 | -695,000 | -775,000 | -1,416,000 | -1,726,000 | -2,131,000 | -1,372,000 | -385,000 | -144,783 |
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* | -2,620,000 | 723,000 | -735,000 | -983,000 | -741,000 | -956,000 | -323,000 | -980,000 | -1,587,000 | -1,587,000 | 18,156,000 | 17,131,000 | 10,202,821 |
* 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 | 10,796,000 | 11,868,000 | 9,765,000 | 14,358,000 | 15,456,000 | 16,554,000 | 17,677,000 | 18,799,000 | 19,921,000 | 21,044,000 | 22,171,000 | 23,322,000 | 24,473,000 | 25,861,000 | 18,299,425 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 10,796,000 | 11,868,000 | 9,765,000 | 14,358,000 | 15,456,000 | 16,554,000 | 17,677,000 | 18,799,000 | 19,921,000 | 21,044,000 | 22,171,000 | 23,322,000 | 24,473,000 | 25,861,000 | 18,299,426 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | |||||||||||||||
| Group Debtors | 60,387,000 | 57,042,000 | 53,468,000 | 50,104,000 | 46,494,000 | 41,441,000 | 37,674,000 | 42,904,000 | 38,974,000 | 39,368,000 | 40,307,000 | 42,070,000 | 39,975,000 | 23,147,000 | 4,558,786 |
| Misc Debtors | 592,000 | 325,000 | 440,000 | 432,000 | 352,000 | 230,000 | 230,000 | 2,676,000 | 2,102,000 | 1,206,939 | |||||
| Cash | 206,000 | 206,000 | 180,000 | 12,000 | 443,000 | 117,324 | |||||||||
| misc current assets | 1,209,000 | 1,042,000 | 594,109 | ||||||||||||
| total current assets | 60,387,000 | 57,042,000 | 53,468,000 | 50,104,000 | 46,494,000 | 42,033,000 | 37,999,000 | 43,344,000 | 39,612,000 | 39,926,000 | 40,717,000 | 42,300,000 | 43,872,000 | 26,734,000 | 6,477,159 |
| total assets | 71,183,000 | 68,910,000 | 63,233,000 | 64,462,000 | 61,950,000 | 58,587,000 | 55,676,000 | 62,143,000 | 59,533,000 | 60,970,000 | 62,888,000 | 65,622,000 | 68,345,000 | 52,595,000 | 24,776,585 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 5,000 | 5,000 | 5,000 | ||||||||||||
| Group/Directors Accounts | 56,749,000 | 50,785,000 | 72,935,000 | 69,592,000 | 34,070,000 | 28,566,000 | 23,558,000 | 28,208,000 | 23,530,000 | 23,350,000 | 23,350,000 | 23,350,000 | 23,350,000 | ||
| other short term finances | 22,696,000 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 26,873,000 | 27,492,000 | 31,937,000 | 33,011,000 | 34,023,000 | 34,013,000 | 35,014,000 | 35,265,000 | 35,555,000 | 35,546,000 | 35,358,000 | 18,995,000 | 14,558,786 | ||
| total current liabilities | 83,622,000 | 78,277,000 | 72,935,000 | 69,592,000 | 66,007,000 | 61,577,000 | 57,581,000 | 62,221,000 | 58,544,000 | 58,615,000 | 58,905,000 | 58,901,000 | 58,713,000 | 41,696,000 | 14,558,787 |
| loans | 3,134,672 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 2,662,000 | 2,927,000 | 2,189,000 | 2,594,000 | 2,503,000 | 2,685,000 | 2,869,000 | 3,052,000 | 3,424,000 | 4,015,000 | 4,227,000 | 5,239,000 | 6,019,000 | 6,715,000 | 4,877,059 |
| total long term liabilities | 2,662,000 | 2,927,000 | 2,189,000 | 2,594,000 | 2,503,000 | 2,685,000 | 2,869,000 | 3,052,000 | 3,424,000 | 4,015,000 | 4,227,000 | 5,239,000 | 6,019,000 | 6,715,000 | 8,011,732 |
| total liabilities | 86,284,000 | 81,204,000 | 75,124,000 | 72,186,000 | 68,510,000 | 64,262,000 | 60,450,000 | 65,273,000 | 61,968,000 | 62,630,000 | 63,132,000 | 64,140,000 | 64,732,000 | 48,411,000 | 22,570,519 |
| net assets | -15,101,000 | -12,294,000 | -11,891,000 | -7,724,000 | -6,560,000 | -5,675,000 | -4,774,000 | -3,130,000 | -2,435,000 | -1,660,000 | -244,000 | 1,482,000 | 3,613,000 | 4,184,000 | 2,206,066 |
| total shareholders funds | -15,101,000 | -12,294,000 | -11,891,000 | -7,724,000 | -6,560,000 | -5,675,000 | -4,774,000 | -3,130,000 | -2,435,000 | -1,660,000 | -244,000 | 1,482,000 | 3,613,000 | 4,184,000 | 2,206,066 |
| 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 | -3,691,000 | -84,000 | -1,833,000 | -2,106,000 | -1,863,000 | -2,078,000 | -1,446,000 | -2,107,000 | -2,738,000 | -2,738,000 | 16,768,000 | 13,669,000 | 7,958,063 | ||
| Depreciation | 1,071,000 | 807,000 | 1,098,000 | 1,098,000 | 1,098,000 | 1,123,000 | 1,122,000 | 1,122,000 | 1,123,000 | 1,127,000 | 1,151,000 | 1,151,000 | 1,388,000 | 3,462,000 | 2,244,758 |
| Amortisation | |||||||||||||||
| Tax | 884,000 | -319,000 | 2,630,000 | 1,712,000 | 948,000 | 1,205,000 | 183,000 | 1,383,000 | 671,000 | 691,000 | 1,012,000 | 595,000 | -16,568,000 | -11,957,000 | -5,376,935 |
| Stock | |||||||||||||||
| Debtors | 3,345,000 | 3,574,000 | 3,364,000 | 3,610,000 | 4,461,000 | 4,034,000 | -5,345,000 | 3,938,000 | -314,000 | -817,000 | -1,763,000 | -351,000 | 17,402,000 | 19,483,274 | 5,765,726 |
| Creditors | -5,000 | 5,000 | |||||||||||||
| Accruals and Deferred Income | -619,000 | 27,492,000 | -31,937,000 | -1,074,000 | -1,012,000 | 10,000 | -1,001,000 | -251,000 | -290,000 | 9,000 | 188,000 | 16,363,000 | 4,436,214 | 14,558,786 | |
| Deferred Taxes & Provisions | -265,000 | 738,000 | -405,000 | 91,000 | -182,000 | -184,000 | -183,000 | -372,000 | -591,000 | -212,000 | -1,012,000 | -780,000 | -696,000 | 1,837,941 | 4,877,059 |
| Cash flow from operations | -5,965,000 | 25,060,000 | -5,504,000 | -5,008,000 | 4,614,000 | -4,884,000 | -180,000 | 26,000 | 180,000 | -1,233,000 | -147,000 | -8,030,119 | 18,496,005 | ||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 5,964,000 | -22,150,000 | 3,343,000 | 35,522,000 | 5,504,000 | 5,008,000 | -4,650,000 | 4,678,000 | 180,000 | 23,350,000 | |||||
| Other Short Term Loans | -22,696,000 | 22,696,000 | |||||||||||||
| Long term loans | -3,134,672 | 3,134,672 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 36,000 | -800,000 | -1,098,000 | -1,881,553 | |||||||||||
| cash flow from financing | 5,964,000 | -22,150,000 | 3,343,000 | 35,522,000 | 5,504,000 | 5,008,000 | -4,614,000 | 4,678,000 | 180,000 | 655,000 | 20,826,262 | 3,603,968 | |||
| cash and cash equivalents | |||||||||||||||
| cash | -206,000 | 26,000 | 180,000 | -12,000 | -431,000 | 325,676 | 117,324 | ||||||||
| overdraft | |||||||||||||||
| change in cash | -206,000 | 26,000 | 180,000 | -12,000 | -431,000 | 325,676 | 117,324 |
northern gas processing limited Credit Report and Business Information
Northern Gas Processing Limited Competitor Analysis
Perform a competitor analysis for northern gas processing limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other small companies, companies in SW1H area or any other competitors across 12 key performance metrics.
northern gas processing limited Ownership
NORTHERN GAS PROCESSING LIMITED group structure
Northern Gas Processing Limited has no subsidiary companies.
Ultimate parent company
SELKIE INVESTMENTS MIDSTREAM TOPCO LTD
#0112121
2 parents
NORTHERN GAS PROCESSING LIMITED
02866642
northern gas processing limited directors
Northern Gas Processing Limited currently has 3 directors. The longest serving directors include Mr John Barry (Dec 2019) and Mr Gabriele Barbaro (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Barry | United Kingdom | 57 years | Dec 2019 | - | Director |
| Mr Gabriele Barbaro | England | 53 years | Oct 2020 | - | Director |
| Ms Angela Fletcher | England | 54 years | Feb 2025 | - | Director |
P&L
December 2023turnover
3.3m
-6%
operating profit
-3.7m
+4294%
gross margin
-60.1%
+56.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-15.1m
+0.23%
total assets
71.2m
+0.03%
cash
0
0%
net assets
Total assets minus all liabilities
northern gas processing limited company details
company number
02866642
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
October 1993
age
32
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
suite 1, 7th floor 50 broadway, london, SW1H 0BL
Bank
BANK OF SCOTLAND
Legal Advisor
BRODIES LLP
northern gas processing 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 10 charges/mortgages relating to northern gas processing limited. Currently there are 1 open charges and 9 have been satisfied in the past.
northern gas processing 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 NORTHERN GAS PROCESSING LIMITED. This can take several minutes, an email will notify you when this has completed.
northern gas processing limited Companies House Filings - See Documents
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