spirit energy production uk limited

spirit energy production uk limited Company Information

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MatureMegaHigh

Company Number

03115179

Industry

Extraction of crude petroleum

 

Shareholders

spirit energy limited

Group Structure

View All

Contact

Registered Address

millstream maidenhead road, windsor, berkshire, SL4 5GD

spirit energy production uk limited Estimated Valuation

£1.3b

Pomanda estimates the enterprise value of SPIRIT ENERGY PRODUCTION UK LIMITED at £1.3b based on a Turnover of £231m and 5.75x industry multiple (adjusted for size and gross margin).

spirit energy production uk limited Estimated Valuation

£5.2b

Pomanda estimates the enterprise value of SPIRIT ENERGY PRODUCTION UK LIMITED at £5.2b based on an EBITDA of £421.7m and a 12.4x industry multiple (adjusted for size and gross margin).

spirit energy production uk limited Estimated Valuation

£1.2b

Pomanda estimates the enterprise value of SPIRIT ENERGY PRODUCTION UK LIMITED at £1.2b based on Net Assets of £929.2m and 1.31x industry multiple (adjusted for liquidity).

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Spirit Energy Production Uk Limited Overview

Spirit Energy Production Uk Limited is a live company located in berkshire, SL4 5GD with a Companies House number of 03115179. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in October 1995, it's largest shareholder is spirit energy limited with a 100% stake. Spirit Energy Production Uk Limited is a mature, mega sized company, Pomanda has estimated its turnover at £231m with high growth in recent years.

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Spirit Energy Production Uk Limited Health Check

Pomanda's financial health check has awarded Spirit Energy Production Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £231m, make it larger than the average company (£57.8m)

£231m - Spirit Energy Production Uk Limited

£57.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (13.3%)

29% - Spirit Energy Production Uk Limited

13.3% - Industry AVG

production

Production

with a gross margin of 164.4%, this company has a lower cost of product (42.1%)

164.4% - Spirit Energy Production Uk Limited

42.1% - Industry AVG

profitability

Profitability

an operating margin of 152.9% make it more profitable than the average company (30.2%)

152.9% - Spirit Energy Production Uk Limited

30.2% - Industry AVG

employees

Employees

with 422 employees, this is above the industry average (54)

422 - Spirit Energy Production Uk Limited

54 - Industry AVG

paystructure

Pay Structure

on an average salary of £143.5k, the company has an equivalent pay structure (£133.2k)

£143.5k - Spirit Energy Production Uk Limited

£133.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £547.3k, this is less efficient (£1.1m)

£547.3k - Spirit Energy Production Uk Limited

£1.1m - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 4 days, this is earlier than average (25 days)

4 days - Spirit Energy Production Uk Limited

25 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 15 days, this is quicker than average (26 days)

15 days - Spirit Energy Production Uk Limited

26 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 17 days, this is in line with average (19 days)

17 days - Spirit Energy Production Uk Limited

19 days - Industry AVG

cashbalance

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 - Spirit Energy Production Uk Limited

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 43.8%, this is a lower level of debt than the average (68.8%)

43.8% - Spirit Energy Production Uk Limited

68.8% - Industry AVG

SPIRIT ENERGY PRODUCTION UK LIMITED financials

EXPORTms excel logo

Spirit Energy Production Uk Limited's latest turnover from December 2023 is £231 million and the company has net assets of £929.2 million. According to their latest financial statements, Spirit Energy Production Uk Limited has 422 employees and maintains cash reserves of £14 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover230,965,000487,489,000366,455,000107,799,000190,548,000105,606,00055,957,000108,699,000186,438,000148,141,000298,933,000275,896,000334,159,000517,307,000275,177,000
Other Income Or Grants368,895,000-169,510,0000000000000000
Cost Of Sales220,156,000205,409,000591,095,000160,415,000115,069,000198,044,000170,046,000167,228,000161,530,000101,316,000166,199,000170,203,000255,452,000428,081,000205,342,000
Gross Profit379,704,000112,570,000-224,640,000-52,616,00075,479,000-92,438,000-114,089,000-58,529,00024,908,00046,825,000132,734,000105,693,00078,707,00089,226,00069,835,000
Admin Expenses26,462,00021,663,000-211,117,000108,011,00018,558,00041,363,000297,492,00033,287,00056,115,000371,214,00064,556,00045,203,00011,774,00000
Operating Profit353,242,00090,907,000-13,523,000-160,627,00056,921,000-133,801,000-411,581,000-91,816,000-31,207,000-324,389,00068,178,00060,490,00066,933,00089,226,00069,835,000
Interest Payable6,690,0001,606,0001,804,0006,527,0008,896,0009,152,00043,000,00052,786,00010,553,0007,882,00021,714,00023,810,00022,640,00014,638,0006,751,000
Interest Receivable44,554,00012,000,0003,028,0003,125,0007,583,0004,442,00043,802,00058,124,00075,313,00060,828,00060,372,00069,146,00078,965,00052,281,00033,888,000
Pre-Tax Profit391,106,000101,301,000-12,299,000-164,029,00055,608,000-138,261,000-410,779,000-73,830,00033,553,000-271,443,000108,801,000107,301,000123,258,000126,869,00096,972,000
Tax-221,660,000-91,355,000-71,082,00075,493,0008,746,00079,048,000367,888,00064,506,00045,923,000-19,117,000-49,648,000-176,309,000-83,197,00081,406,000-23,884,000
Profit After Tax169,446,0009,946,000-83,381,000-88,536,00064,354,000-59,213,000-42,891,000-9,324,00079,476,000-290,560,00059,153,000-69,008,00040,061,000208,275,00073,088,000
Dividends Paid000000833,000,000000001,600,000,00000
Retained Profit169,446,0009,946,000-83,381,000-88,536,00064,354,000-59,213,000-875,891,000-9,324,00079,476,000-290,560,00059,153,000-69,008,000-1,559,939,000208,275,00073,088,000
Employee Costs60,564,00058,926,00068,985,00066,570,00061,316,00065,791,00030,703,00023,466,00026,785,00021,564,81031,502,00023,399,00012,193,00032,383,00031,723,000
Number Of Employees422461500495499494263283313191328302274277289
EBITDA*421,663,000164,335,00027,230,000-123,140,000148,205,000-133,801,000-392,517,000-49,035,00038,879,000-255,387,000135,807,000122,172,000130,234,000181,301,000122,581,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets338,578,000344,174,000676,342,000631,723,000681,963,000625,601,000629,212,000516,280,000472,108,000505,694,000429,288,000439,575,000331,787,000347,148,000393,104,000
Intangible Assets000000000000000
Investments & Other39,836,000458,375,0001,962,00026,00012,423,0001,736,000275,000490,000447,000484,00041,625,0002,859,0004,618,00000
Debtors (Due After 1 year)1,002,312,000942,238,000171,044,000249,157,000223,311,0000000000000
Total Fixed Assets1,380,726,0001,744,787,000505,298,000382,566,000458,652,000625,601,000629,212,000516,280,000472,108,000505,694,000470,913,000442,434,000336,405,000347,148,000393,104,000
Stock & work in progress10,281,0008,165,0006,996,0007,330,0008,442,00011,941,00012,248,00016,122,00015,222,00016,397,00015,887,000903,0001,280,000019,211,000
Trade Debtors2,870,000162,0005,700,0004,296,0002,905,0005,590,0005,460,0006,924,0002,070,905,00010,605,00000000
Group Debtors27,907,00067,701,000982,411,000836,274,000830,573,000754,165,000816,558,0002,075,125,00002,004,731,0002,893,440,0002,652,093,0002,364,113,0004,227,180,0003,803,588,000
Misc Debtors7,554,0007,198,00024,409,00096,363,00010,642,0004,790,0001,941,000472,0000012,352,0008,438,00083,773,000141,837,000258,527,000
Cash14,0001,792,00047,0001,129,000357,000318,0001,657,00036,00032,000003,538,000251,0000132,000
misc current assets224,810,000139,079,00001,005,00033,808,00076,059,00068,337,0000472,000132,00000000
total current assets273,436,000224,097,0001,019,563,000946,397,000945,177,000852,863,000906,201,0002,098,679,0002,086,631,0002,031,865,0002,921,679,0002,664,972,0002,449,417,0004,369,017,0004,081,458,000
total assets1,654,162,0001,968,884,0001,524,861,0001,328,963,0001,403,829,0001,478,464,0001,535,413,0002,614,959,0002,558,739,0002,537,559,0003,392,592,0003,107,406,0002,785,822,0004,716,165,0004,474,562,000
Bank overdraft11,585,000000000000153,000001,169,0000
Bank loan000000000000000
Trade Creditors 9,503,0006,724,0004,306,0006,722,0007,729,0008,722,00012,426,0006,534,0007,849,000000002,995,000
Group/Directors Accounts4,218,00043,658,00000000000822,080,000515,288,000149,383,000584,139,000466,844,000
other short term finances72,132,000276,857,0000000000000000
hp & lease commitments680,000616,0003,842,000870,0002,466,00015,00015,000150,000150,000150,000150,000135,00090,00030,00030,000
other current liabilities169,939,00067,060,000269,014,00082,756,00093,251,000120,780,00072,660,000349,009,000331,337,000338,867,000197,662,000225,140,000142,485,00082,874,000140,384,000
total current liabilities268,057,000394,915,000277,162,00090,348,000103,446,000129,517,00085,101,000355,693,000339,336,000339,017,0001,020,045,000740,563,000291,958,000668,212,000610,253,000
loans5,733,000390,242,000119,263,00016,037,0004,953,0003,024,000546,00056,00098,000152,00000000
hp & lease commitments2,309,0001,828,0002,671,0001,952,0002,464,000118,000148,00028,00049,00076,00098,000117,000102,000162,000162,000
Accruals and Deferred Income2,587,0002,874,00000000000000095,110,000
other liabilities000000000000000
provisions446,253,000419,248,000762,552,000782,636,000751,744,000961,414,0001,051,168,000945,818,000802,840,000898,060,000342,008,000389,522,000445,136,000439,674,000369,946,000
total long term liabilities456,882,000814,192,000497,868,000405,403,000378,361,000483,613,000525,982,000472,937,000401,469,000449,106,000342,106,000389,699,000445,238,000439,836,000465,218,000
total liabilities724,939,0001,209,107,000775,030,000495,751,000481,807,000613,130,000611,083,000828,630,000740,805,000788,123,0001,362,151,0001,130,262,000737,196,0001,108,048,0001,075,471,000
net assets929,223,000759,777,000749,831,000833,212,000922,022,000865,334,000924,330,0001,786,329,0001,817,934,0001,749,436,0002,030,441,0001,977,144,0002,048,626,0003,608,117,0003,399,091,000
total shareholders funds929,223,000759,777,000749,831,000833,212,000922,022,000865,334,000924,330,0001,786,329,0001,817,934,0001,749,436,0002,030,441,0001,977,144,0002,048,626,0003,608,117,0003,399,091,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit353,242,00090,907,000-13,523,000-160,627,00056,921,000-133,801,000-411,581,000-91,816,000-31,207,000-324,389,00068,178,00060,490,00066,933,00089,226,00069,835,000
Depreciation68,421,00073,428,00040,753,00037,487,00091,284,000019,064,00042,781,00070,086,00069,002,00067,629,00061,682,00063,301,00092,075,00052,746,000
Amortisation000000000000000
Tax-221,660,000-91,355,000-71,082,00075,493,0008,746,00079,048,000367,888,00064,506,00045,923,000-19,117,000-49,648,000-176,309,000-83,197,00081,406,000-23,884,000
Stock2,116,0001,169,000-334,000-1,112,000-3,499,000-307,000-3,874,000900,000-1,175,000510,00014,984,000-377,0001,280,000-19,211,00019,211,000
Debtors23,344,000-166,265,000-2,526,000118,659,000302,886,000-59,414,000-1,258,562,00011,616,00055,569,000-890,456,000245,261,000212,645,000-1,921,131,000306,902,0004,062,115,000
Creditors2,779,0002,418,000-2,416,000-1,007,000-993,000-3,704,0005,892,000-1,315,0007,849,0000000-2,995,0002,995,000
Accruals and Deferred Income102,592,000-199,080,000186,258,000-10,495,000-27,529,00048,120,000-276,349,00017,672,000-7,530,000141,205,000-27,478,00082,655,00059,611,000-152,620,000235,494,000
Deferred Taxes & Provisions27,005,000-343,304,000-20,084,00030,892,000-209,670,000-89,754,000105,350,000142,978,000-95,220,000556,052,000-47,514,000-55,614,0005,462,00069,728,000369,946,000
Cash flow from operations306,919,000-301,890,000122,766,000-145,804,000-380,628,000-40,370,0001,072,700,000162,290,000-64,493,0001,312,699,000-249,078,000-239,364,0002,031,961,000-110,871,000-3,374,194,000
Investing Activities
capital expenditure-62,825,000258,740,000-85,372,00012,753,000-147,646,0003,611,000-131,996,000-86,953,000-36,500,000-145,408,000-57,342,000-169,470,000-47,940,000-46,119,000-445,850,000
Change in Investments-418,539,000456,413,0001,936,000-12,397,00010,687,0001,461,000-215,00043,000-37,000-41,141,00038,766,000-1,759,0004,618,00000
cash flow from investments355,714,000-197,673,000-87,308,00025,150,000-158,333,0002,150,000-131,781,000-86,996,000-36,463,000-104,267,000-96,108,000-167,711,000-52,558,000-46,119,000-445,850,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-39,440,00043,658,0000000000-822,080,000306,792,000365,905,000-434,756,000117,295,000466,844,000
Other Short Term Loans -204,725,000276,857,0000000000000000
Long term loans-384,509,000270,979,000103,226,00011,084,0001,929,0002,478,000490,000-42,000-54,000152,00000000
Hire Purchase and Lease Commitments545,000-4,069,0003,691,000-2,108,0004,797,000-30,000-15,000-21,000-27,000-22,000-4,00060,00000192,000
other long term liabilities000000000000000
share issue000-274,000-7,666,000217,00013,892,000-22,281,000-10,978,0009,555,000-5,856,000-2,474,000448,000751,0003,326,003,000
interest37,864,00010,394,0001,224,000-3,402,000-1,313,000-4,710,000802,0005,338,00064,760,00052,946,00038,658,00045,336,00056,325,00037,643,00027,137,000
cash flow from financing-590,265,000597,819,000108,141,0005,300,000-2,253,000-2,045,00015,169,000-17,006,00053,701,000-759,449,000339,590,000408,827,000-377,983,000155,689,0003,820,176,000
cash and cash equivalents
cash-1,778,0001,745,000-1,082,000772,00039,000-1,339,0001,621,0004,00032,0000-3,538,0003,287,000251,000-132,000132,000
overdraft11,585,00000000000-153,000153,0000-1,169,0001,169,0000
change in cash-13,363,0001,745,000-1,082,000772,00039,000-1,339,0001,621,0004,00032,000153,000-3,691,0003,287,0001,420,000-1,301,000132,000

spirit energy production uk 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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Spirit Energy Production Uk Limited Competitor Analysis

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Perform a competitor analysis for spirit energy production uk limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mega companies, companies in SL4 area or any other competitors across 12 key performance metrics.

spirit energy production uk limited Ownership

SPIRIT ENERGY PRODUCTION UK LIMITED group structure

Spirit Energy Production Uk Limited has no subsidiary companies.

Ultimate parent company

2 parents

SPIRIT ENERGY PRODUCTION UK LIMITED

03115179

SPIRIT ENERGY PRODUCTION UK LIMITED Shareholders

spirit energy limited 100%

spirit energy production uk limited directors

Spirit Energy Production Uk Limited currently has 3 directors. The longest serving directors include Mr Peter Hepburn (Sep 2023) and Mr Nicholas Harrison (Jul 2024).

officercountryagestartendrole
Mr Peter Hepburn53 years Sep 2023- Director
Mr Nicholas Harrison58 years Jul 2024- Director
Mr Scott McGinigal53 years Sep 2024- Director

P&L

December 2023

turnover

231m

-53%

operating profit

353.2m

+289%

gross margin

164.4%

+611.94%

turnover

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

Balance Sheet

December 2023

net assets

929.2m

+0.22%

total assets

1.7b

-0.16%

cash

14k

-0.99%

net assets

Total assets minus all liabilities

spirit energy production uk limited company details

company number

03115179

Type

Private limited with Share Capital

industry

06100 - Extraction of crude petroleum

incorporation date

October 1995

age

30

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

hydrocarbon resources limited (November 2017)

hackremco (no. 1083) limited (January 1996)

accountant

-

auditor

DELOITTE LLP

address

millstream maidenhead road, windsor, berkshire, SL4 5GD

Bank

HSBC BANK PLC

Legal Advisor

-

spirit energy production uk 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 did not find charges/mortgages relating to spirit energy production uk limited.

spirit energy production uk limited Capital Raised & Share Issues BETA

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spirit energy production uk limited Companies House Filings - See Documents

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