subsea 7 international contracting limited

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subsea 7 international contracting limited Company Information

Share SUBSEA 7 INTERNATIONAL CONTRACTING LIMITED

Company Number

03073521

Directors

John Gordon

Simon Ellis

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Shareholders

subsea 7 international holdings (uk) limited

Group Structure

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Industry

Specialised construction activities (other than scaffold erection) n.e.c.

 

Registered Address

40 brighton road, sutton, surrey, SM2 5BN

subsea 7 international contracting limited Estimated Valuation

£476.5m

Pomanda estimates the enterprise value of SUBSEA 7 INTERNATIONAL CONTRACTING LIMITED at £476.5m based on a Turnover of £580.2m and 0.82x industry multiple (adjusted for size and gross margin).

subsea 7 international contracting limited Estimated Valuation

£287.8m

Pomanda estimates the enterprise value of SUBSEA 7 INTERNATIONAL CONTRACTING LIMITED at £287.8m based on an EBITDA of £35m and a 8.21x industry multiple (adjusted for size and gross margin).

subsea 7 international contracting limited Estimated Valuation

£41.2m

Pomanda estimates the enterprise value of SUBSEA 7 INTERNATIONAL CONTRACTING LIMITED at £41.2m based on Net Assets of £19.3m and 2.13x industry multiple (adjusted for liquidity).

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Subsea 7 International Contracting Limited Overview

Subsea 7 International Contracting Limited is a live company located in surrey, SM2 5BN with a Companies House number of 03073521. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in June 1995, it's largest shareholder is subsea 7 international holdings (uk) limited with a 100% stake. Subsea 7 International Contracting Limited is a mature, mega sized company, Pomanda has estimated its turnover at £580.2m with declining growth in recent years.

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Subsea 7 International Contracting Limited Health Check

Pomanda's financial health check has awarded Subsea 7 International Contracting Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £580.2m, make it larger than the average company (£8.5m)

£580.2m - Subsea 7 International Contracting Limited

£8.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (9.3%)

-2% - Subsea 7 International Contracting Limited

9.3% - Industry AVG

production

Production

with a gross margin of 24.3%, this company has a comparable cost of product (24.3%)

24.3% - Subsea 7 International Contracting Limited

24.3% - Industry AVG

profitability

Profitability

an operating margin of -0.6% make it less profitable than the average company (6%)

-0.6% - Subsea 7 International Contracting Limited

6% - Industry AVG

employees

Employees

with 54 employees, this is above the industry average (36)

54 - Subsea 7 International Contracting Limited

36 - Industry AVG

paystructure

Pay Structure

on an average salary of £136.3k, the company has a higher pay structure (£49.8k)

£136.3k - Subsea 7 International Contracting Limited

£49.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £10.7m, this is more efficient (£204.5k)

£10.7m - Subsea 7 International Contracting Limited

£204.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 2 days, this is earlier than average (56 days)

2 days - Subsea 7 International Contracting Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 8 days, this is quicker than average (37 days)

8 days - Subsea 7 International Contracting Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 10 days, this is less than average (17 days)

10 days - Subsea 7 International Contracting Limited

17 days - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Subsea 7 International Contracting Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 94.1%, this is a higher level of debt than the average (61.1%)

94.1% - Subsea 7 International Contracting Limited

61.1% - Industry AVG

SUBSEA 7 INTERNATIONAL CONTRACTING LIMITED financials

EXPORTms excel logo

Subsea 7 International Contracting Limited's latest turnover from December 2023 is £580.2 million and the company has net assets of £19.3 million. According to their latest financial statements, Subsea 7 International Contracting Limited has 54 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Nov 2010Nov 2009
Turnover580,236,323534,009,821701,287,618620,757,215521,477,793554,930,218607,646,331617,616,573812,231,880455,922,023183,555,043139,315,793120,654,35188,975,06859,224,927
Other Income Or Grants
Cost Of Sales439,353,335402,016,528654,816,874603,556,615394,413,666417,220,341454,665,898461,151,865612,966,821348,313,458155,124,311119,746,843103,930,46067,298,57547,201,021
Gross Profit140,882,988131,993,29346,470,74417,200,600127,064,127137,709,878152,980,433156,464,708199,265,058107,608,56528,430,73219,568,94916,723,89121,676,49212,023,906
Admin Expenses144,109,413144,025,82610,803,106108,747,1452,636,8754,252,314-8,341,31881,593,96760,196,19233,9621,883,436278,0375,331,6141,978,460
Operating Profit-3,226,425-12,032,53346,470,7446,397,49418,316,982135,073,003148,728,119164,806,026117,671,09147,412,37328,396,77017,685,51316,445,85416,344,87810,045,446
Interest Payable18,658,0224,440,2672,214,2792,492,2781,966,9991,51713,969385120,466472,725695,4031,992,1401,283,695
Interest Receivable2,737,665436,584116,4942,437,3043,014,2595,958,7793,114,1241,725,128581,556611,3031,167,4033,112
Pre-Tax Profit14,646,6664,034,37436,115,965-4,365,89919,241,841114,503,186130,924,155158,479,849113,963,21642,855,36128,739,58717,212,78815,234,18515,581,5526,869,825
Tax-17,873,091-16,066,907-11,052,864-5,061,336-5,988,224-5,094,053-10,439,406-9,050,847-19,753,997-5,365,253-5,379,341-3,450,271386,888-3,571,604293,220
Profit After Tax-3,226,425-12,032,53325,063,101-9,427,23513,253,616109,409,132120,484,749149,429,00294,209,21937,490,10923,360,24613,762,51815,621,07412,009,9487,163,046
Dividends Paid127,952,315106,189,320383,347,073
Retained Profit-3,226,425-12,032,53325,063,101-9,427,235-114,698,6993,219,812-262,862,325149,429,00294,209,21937,490,10923,360,24613,762,51815,621,07412,009,9487,163,046
Employee Costs7,362,8486,208,8548,971,8478,073,4276,966,6358,370,7529,022,25910,761,58217,903,15114,627,5881,132,898471,481
Number Of Employees545355625863643,45788889082850705
EBITDA*35,040,2823,319,26668,039,89024,973,96529,104,216136,740,175154,527,789180,774,388122,837,93949,027,10733,868,38424,691,79621,288,17620,978,26117,222,188

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Nov 2010Nov 2009
Tangible Assets2,269,6233,135,88516,491,92518,081,37053,682,48917,680,52221,695,79611,576,64829,580,16423,023,1696,699,34657,061,01853,904,33557,316,38435,662,703
Intangible Assets76,639,3005,677,127
Investments & Other816,390639,1473,664,4425,064,1211,712,162136,219111
Debtors (Due After 1 year)85,156,90931,217,678179,1542,696,1436,264,4472,236,7355,473,4708,237,564
Total Fixed Assets164,882,22240,669,83816,312,77017,543,90647,418,04117,680,52121,695,79511,576,64733,244,60728,087,2918,411,50857,197,23856,141,07162,789,85543,900,268
Stock & work in progress12,835,87816,308,60113,918,4536,678,1396,396,0166,070,9955,753,5036,073,8226,327,7984,343,6991,626,2984,044,2873,647,4473,807,4184,474,258
Trade Debtors3,873,245620,7321,453,5357,700,997167,1888,071,1479,559,7692,279,4738,917,4308,373,25851,200,17912,874,91436,685,3278,951,7325,116,105
Group Debtors119,793,600154,541,548173,703,997144,232,636123,930,362158,279,733190,046,990439,301,694274,844,016126,302,05554,383,57019,004,16717,920,63124,901,1292,848,782
Misc Debtors23,478,86121,077,26523,905,21529,304,5622,516,5376,575,3943,177,246650,0941,062,39310,306,9816,346,9174,349,6924,240,8403,847,33410,895,847
Cash7,393,59622,070,46414,102,6093,281,4302,999,3166,112,45942,373189,877
misc current assets22,727,33931,729,36940,085,73828,690,01926,214,49631,736,818
total current assets159,981,585192,548,147212,981,202187,916,336155,737,443210,726,638248,623,248484,388,701339,436,598195,165,422116,838,39543,272,37768,606,70541,549,98823,524,871
total assets324,863,807233,217,985229,293,972205,460,242203,155,484228,407,159270,319,043495,965,348372,681,204223,252,713125,249,904100,469,615124,747,776104,339,84367,425,139
Bank overdraft
Bank loan
Trade Creditors 10,310,75010,976,75112,103,0807,638,3375,771,6079,600,2733,594,3943,251,2244,523,5145,225,772876,586534,3041,179,325358,634968,686
Group/Directors Accounts131,648,124111,647,3571147,458,48233,494,18820,318,46724,043,66569,927,22569,247,11439,531,843
other short term finances
hp & lease commitments57,540,85714,369,67617,816,60911,739,4757,977,756
other current liabilities46,749,02137,695,848157,154,706161,967,169138,089,69876,133,949114,517,721116,027,87084,987,58346,770,61020,854,15818,185,6069,695,8386,543,2326,883,521
total current liabilities246,248,753174,689,634187,074,398181,344,983151,839,06485,734,223118,112,119119,279,096136,969,57985,490,57042,049,21242,763,57580,802,38976,148,98147,384,050
loans12,316,65257,910,88097,655
hp & lease commitments58,726,31033,465,8176,158,32628,955,440
Accruals and Deferred Income217,343282,160376,751466,290
other liabilities553,31399,52199,484
provisions553,9782,600,3225,325,2147,047,9205,117,3944,729,9746,553,9981,285,1222,591,184916,018493,399225,9883,967,502
total long term liabilities59,280,28836,066,1402,662,6079,682,28731,731,4822,647,1483,653,7511,108,8513,144,498916,019493,40097,65599,521325,4733,967,503
total liabilities305,529,042210,755,774189,737,005191,027,270183,570,54688,381,371121,765,870120,387,947140,114,07786,406,58942,542,61242,861,23080,901,91076,474,45351,351,553
net assets19,334,76622,462,21139,556,96714,432,97219,584,938140,025,788148,553,173375,577,401232,567,127136,846,12482,707,29257,608,38543,845,86727,865,38916,073,585
total shareholders funds19,334,76622,462,21139,556,96814,432,97119,584,939140,025,789148,553,174375,577,401232,567,127136,846,12482,707,29257,608,38543,845,86727,865,38916,073,585
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Nov 2010Nov 2009
Operating Activities
Operating Profit-3,226,425-12,032,53346,470,7446,397,49418,316,982135,073,003148,728,119164,806,026117,671,09147,412,37328,396,77017,685,51316,445,85416,344,87810,045,446
Depreciation1,615,1312,471,41912,795,87010,284,1761,936,4691,667,1725,799,67015,968,3625,166,8481,614,7335,471,6137,006,2824,842,3214,633,3827,176,742
Amortisation36,651,57612,880,3808,773,2768,292,2958,850,766
Tax-17,873,091-16,066,907-11,052,864-5,061,336-5,988,224-5,094,053-10,439,406-9,050,847-19,753,997-5,365,253-5,379,341-3,450,271386,888-3,571,604293,220
Stock-3,472,7232,390,1487,240,314282,123325,021317,492-320,319-253,9761,984,0982,717,402-2,417,989396,840-159,972-666,8394,474,258
Debtors24,845,3938,215,32115,307,56351,055,805-40,047,740-29,857,732-239,447,255157,407,422139,841,54433,051,62875,701,893-24,854,76017,909,86816,075,36727,098,299
Creditors-666,002-1,126,3294,464,7431,866,730-3,828,6666,005,879343,170-1,272,290-702,2584,349,186342,282-645,021820,690-610,052968,686
Accruals and Deferred Income9,053,173-119,458,858-4,812,46323,660,12861,890,932-38,478,363-1,599,68831,506,57738,216,97325,916,4522,668,5528,489,7683,152,606-340,2896,883,521
Deferred Taxes & Provisions-2,046,344-2,724,892-1,722,7061,930,526387,420-1,824,0245,268,876-1,306,0621,675,166422,619493,399-225,988-3,741,5143,967,502
Cash flow from operations2,135,348-146,663,18932,368,723-3,967,915121,288,398126,889,854387,868,31543,498,320448,18138,581,080-41,290,62953,544,1917,672,475-2,693,727-2,237,440
Investing Activities
capital expenditure-108,362,618-7,672,886-19,979,70117,024,648-46,789,2022,348,102-15,918,8182,035,154-11,723,843-17,938,55644,890,059-10,162,965-1,430,272-26,287,063-42,839,445
Change in Investments177,243639,147-3,664,442-1,399,6793,351,9591,575,943136,2191
cash flow from investments-108,539,861-8,312,033-19,979,70117,024,648-46,789,2022,348,102-15,918,8185,699,596-10,324,164-21,290,51543,314,116-10,299,184-1,430,272-26,287,063-42,839,446
Financing Activities
Bank loans
Group/Directors Accounts20,000,767111,647,356-11-47,458,48213,964,29413,175,721-3,725,198-45,883,560680,11129,715,27039,531,843
Other Short Term Loans
Long term loans-12,316,652-45,594,22857,910,880-97,65597,655
Hire Purchase and Lease Commitments68,431,67430,018,884-81,192-19,035,39536,933,196
other long term liabilities-553,313553,313-99,5213799,484
share issue98,979-5,062,22360,8954,275,268-5,742,151-11,747,19735,838,098-6,418,7281,511,78416,648,7231,738,661359,403-218,1448,910,539
interest-15,920,357-4,003,683-2,214,279-2,375,784470,3053,012,7425,958,7793,114,1241,711,159581,171490,837-472,725-695,403-824,737-1,280,583
cash flow from financing72,611,063132,600,334-14,551,228-62,730,13989,572,230-8,734,45641,796,878-51,316,39917,740,55030,405,615-1,593,355-46,358,151344,14828,771,87347,161,799
cash and cash equivalents
cash-7,393,596-14,676,8687,967,85510,821,179282,114-3,113,1436,070,086-147,504189,877
overdraft
change in cash-7,393,596-14,676,8687,967,85510,821,179282,114-3,113,1436,070,086-147,504189,877

subsea 7 international contracting limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Subsea 7 International Contracting Limited Competitor Analysis

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Perform a competitor analysis for subsea 7 international contracting limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mega companies, companies in SM2 area or any other competitors across 12 key performance metrics.

subsea 7 international contracting limited Ownership

SUBSEA 7 INTERNATIONAL CONTRACTING LIMITED group structure

Subsea 7 International Contracting Limited has no subsidiary companies.

Ultimate parent company

SUBSEA 7 SA

#0061195

2 parents

SUBSEA 7 INTERNATIONAL CONTRACTING LIMITED

03073521

SUBSEA 7 INTERNATIONAL CONTRACTING LIMITED Shareholders

subsea 7 international holdings (uk) limited 100%

subsea 7 international contracting limited directors

Subsea 7 International Contracting Limited currently has 6 directors. The longest serving directors include Mr John Gordon (May 2011) and Mr Simon Ellis (Apr 2018).

officercountryagestartendrole
Mr John Gordon57 years May 2011- Director
Mr Simon Ellis50 years Apr 2018- Director
Mr Simon EllisEngland50 years Apr 2018- Director
Mr Jonathan TameScotland59 years Oct 2020- Director
Mr Jonathan TameScotland59 years Oct 2020- Director
Mr Yann CottartEngland43 years Jan 2023- Director

P&L

December 2023

turnover

580.2m

+9%

operating profit

-3.2m

0%

gross margin

24.3%

-1.77%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

19.3m

-0.14%

total assets

324.9m

+0.39%

cash

0

0%

net assets

Total assets minus all liabilities

subsea 7 international contracting limited company details

company number

03073521

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

June 1995

age

30

incorporated

UK

ultimate parent company

SUBSEA 7 SA

accounts

Full Accounts

last accounts submitted

December 2023

previous names

acergy international limited (January 2011)

stolt offshore international limited (January 2006)

accountant

-

auditor

ERNST & YOUNG LLP

address

40 brighton road, sutton, surrey, SM2 5BN

Bank

HSBC BANK PLC

Legal Advisor

-

subsea 7 international contracting 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 1 charges/mortgages relating to subsea 7 international contracting limited. Currently there are 0 open charges and 1 have been satisfied in the past.

subsea 7 international contracting 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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subsea 7 international contracting limited Companies House Filings - See Documents

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