bluewater services (uk) limited
bluewater services (uk) limited Company Information
Company Number
03253206
Website
www.bluewater.comRegistered Address
15 appold street, london, EC2A 2HB
Industry
Support activities for petroleum and natural gas extraction
Telephone
01224403300
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
bluewater holding bv 100%
bluewater services (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BLUEWATER SERVICES (UK) LIMITED at £3.5m based on a Turnover of £7.3m and 0.48x industry multiple (adjusted for size and gross margin).
bluewater services (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BLUEWATER SERVICES (UK) LIMITED at £1.7m based on an EBITDA of £857k and a 2.02x industry multiple (adjusted for size and gross margin).
bluewater services (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BLUEWATER SERVICES (UK) LIMITED at £18.6m based on Net Assets of £11.8m and 1.58x industry multiple (adjusted for liquidity).
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Bluewater Services (uk) Limited Overview
Bluewater Services (uk) Limited is a live company located in london, EC2A 2HB with a Companies House number of 03253206. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in September 1996, it's largest shareholder is bluewater holding bv with a 100% stake. Bluewater Services (uk) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.3m with healthy growth in recent years.
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Bluewater Services (uk) Limited Health Check
Pomanda's financial health check has awarded Bluewater Services (Uk) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £7.3m, make it smaller than the average company (£18.2m)
£7.3m - Bluewater Services (uk) Limited
£18.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (3%)
5% - Bluewater Services (uk) Limited
3% - Industry AVG
Production
with a gross margin of 9%, this company has a higher cost of product (24.7%)
9% - Bluewater Services (uk) Limited
24.7% - Industry AVG
Profitability
an operating margin of 11.1% make it more profitable than the average company (7%)
11.1% - Bluewater Services (uk) Limited
7% - Industry AVG
Employees
with 46 employees, this is similar to the industry average (42)
46 - Bluewater Services (uk) Limited
42 - Industry AVG
Pay Structure
on an average salary of £91.2k, the company has a higher pay structure (£71.9k)
£91.2k - Bluewater Services (uk) Limited
£71.9k - Industry AVG
Efficiency
resulting in sales per employee of £159.6k, this is less efficient (£214.8k)
£159.6k - Bluewater Services (uk) Limited
£214.8k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (55 days)
0 days - Bluewater Services (uk) Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is close to average (27 days)
26 days - Bluewater Services (uk) Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bluewater Services (uk) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Bluewater Services (uk) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7.9%, this is a lower level of debt than the average (55.5%)
7.9% - Bluewater Services (uk) Limited
55.5% - Industry AVG
BLUEWATER SERVICES (UK) LIMITED financials
Bluewater Services (Uk) Limited's latest turnover from December 2023 is £7.3 million and the company has net assets of £11.8 million. According to their latest financial statements, Bluewater Services (Uk) Limited has 46 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 | 7,341,000 | 6,263,000 | 6,377,000 | 6,260,000 | 5,785,000 | 4,424,000 | 3,324,000 | 4,388,000 | 6,717,000 | 7,525,000 | 8,001,000 | 7,247,000 | 15,249,000 | 6,800,000 | 3,897,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 6,682,000 | 5,646,000 | 5,818,000 | 5,760,000 | 5,135,000 | 4,761,000 | 3,921,000 | 4,548,000 | 6,808,000 | 7,679,000 | 8,040,000 | 6,334,000 | 13,324,000 | 5,250,000 | 4,276,000 |
| Gross Profit | 659,000 | 617,000 | 559,000 | 500,000 | 650,000 | -337,000 | -597,000 | -160,000 | -91,000 | -154,000 | -39,000 | 913,000 | 1,925,000 | 1,550,000 | -379,000 |
| Admin Expenses | -159,000 | -150,000 | -169,000 | 4,252,000 | -1,042,000 | -8,547,000 | -1,351,000 | -2,252,000 | 14,940,000 | 13,006,000 | -4,909,000 | 27,099,000 | -6,052,000 | 3,177,000 | 6,273,000 |
| Operating Profit | 818,000 | 767,000 | 728,000 | -3,752,000 | 1,692,000 | 8,210,000 | 754,000 | 2,092,000 | -15,031,000 | -13,160,000 | 4,870,000 | -26,186,000 | 7,977,000 | -1,627,000 | -6,652,000 |
| Interest Payable | 3,000 | 0 | 13,000 | 0 | 21,000 | 2,000 | 2,000 | 2,000 | 3,000 | 5,000 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 4,000 | 0 | 12,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,000 |
| Pre-Tax Profit | 4,815,000 | 771,000 | 715,000 | -3,740,000 | 1,671,000 | 8,208,000 | 752,000 | 2,090,000 | -15,034,000 | -13,165,000 | 4,870,000 | -26,186,000 | 7,977,000 | -1,627,000 | -6,642,000 |
| Tax | 54,000 | -78,000 | -45,000 | -62,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 244,000 | 0 | 0 |
| Profit After Tax | 4,869,000 | 693,000 | 670,000 | -3,802,000 | 1,671,000 | 8,208,000 | 752,000 | 2,090,000 | -15,034,000 | -13,165,000 | 4,870,000 | -26,186,000 | 8,221,000 | -1,627,000 | -6,642,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 4,869,000 | 693,000 | 670,000 | -3,802,000 | 1,671,000 | 8,208,000 | 752,000 | 2,090,000 | -15,034,000 | -13,165,000 | 4,870,000 | -26,186,000 | 8,221,000 | -1,627,000 | -6,642,000 |
| Employee Costs | 4,193,000 | 4,160,000 | 4,241,000 | 3,710,000 | 3,344,000 | 2,668,000 | 1,809,000 | 2,722,000 | 3,289,000 | 3,089,000 | 2,962,000 | 3,113,000 | 2,514,000 | 2,214,000 | 3,127,000 |
| Number Of Employees | 46 | 42 | 45 | 43 | 39 | 30 | 21 | 29 | 41 | 40 | 37 | 40 | 36 | 36 | 51 |
| EBITDA* | 857,000 | 792,000 | 760,000 | -3,724,000 | 1,692,000 | 8,210,000 | 754,000 | 2,092,000 | -15,031,000 | -13,155,000 | 4,890,000 | -26,162,000 | 8,003,000 | -1,600,000 | -6,629,000 |
* 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 | 89,000 | 118,000 | 67,000 | 38,000 | 54,000 | 79,000 | 0 | 0 | 0 | 0 | 5,000 | 25,000 | 49,000 | 53,000 | 27,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 3,566,000 | 3,286,000 | 3,104,000 | 2,917,000 | 8,010,000 | 8,010,000 | 8,010,000 | 8,010,000 | 8,010,000 | 8,010,000 | 8,010,000 | 7,823,000 | 8,018,000 | 8,190,000 | 7,576,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,655,000 | 3,404,000 | 3,171,000 | 2,955,000 | 8,064,000 | 8,089,000 | 8,010,000 | 8,010,000 | 8,010,000 | 8,010,000 | 8,015,000 | 7,848,000 | 8,067,000 | 8,243,000 | 7,603,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 16,000 | 14,000 | 0 | 18,000 | 229,000 | 0 | 0 | 0 | 0 | 0 | 0 | 152,000 | 250,000 | 0 | 0 |
| Group Debtors | 8,357,000 | 8,187,000 | 8,475,000 | 7,798,000 | 6,577,000 | 8,690,000 | 0 | 0 | 0 | 6,325,000 | 51,893,000 | 0 | 15,437,000 | 5,984,000 | 9,549,000 |
| Misc Debtors | 755,000 | 527,000 | 540,000 | 217,000 | 999,000 | 276,000 | 470,000 | 405,000 | 428,000 | 29,000 | 1,883,000 | 898,000 | 965,000 | 751,000 | 924,000 |
| Cash | 0 | 588,000 | 0 | 277,000 | 1,010,000 | 446,000 | 8,431,000 | 3,585,000 | 1,766,000 | 8,744,000 | 3,905,000 | 2,847,000 | 631,000 | 559,000 | 404,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,128,000 | 9,316,000 | 9,015,000 | 8,310,000 | 8,815,000 | 9,412,000 | 8,901,000 | 3,990,000 | 2,194,000 | 15,098,000 | 57,681,000 | 3,897,000 | 17,283,000 | 7,294,000 | 10,877,000 |
| total assets | 12,783,000 | 12,720,000 | 12,186,000 | 11,265,000 | 16,879,000 | 17,501,000 | 16,911,000 | 12,000,000 | 10,204,000 | 23,108,000 | 65,696,000 | 11,745,000 | 25,350,000 | 15,537,000 | 18,480,000 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 477,000 | 232,000 | 325,000 | 187,000 | 2,383,000 | 4,563,000 | 1,842,000 | 3,198,000 | 3,223,000 | 10,328,000 | 40,486,000 | 6,364,000 | 3,561,000 | 2,217,000 | 3,692,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 10,426,000 | 4,920,000 | 10,091,000 | 0 | 0 | 10,146,000 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 536,000 | 587,000 | 653,000 | 540,000 | 156,000 | 269,000 | 182,000 | 173,000 | 271,000 | 1,127,000 | 392,000 | 474,000 | 646,000 | 226,000 | 682,000 |
| total current liabilities | 1,013,000 | 819,000 | 978,000 | 727,000 | 2,539,000 | 4,832,000 | 12,450,000 | 8,291,000 | 13,585,000 | 11,455,000 | 40,878,000 | 16,984,000 | 4,207,000 | 2,443,000 | 4,374,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,013,000 | 819,000 | 978,000 | 727,000 | 2,539,000 | 4,832,000 | 12,450,000 | 8,291,000 | 13,585,000 | 11,455,000 | 40,878,000 | 16,984,000 | 4,207,000 | 2,443,000 | 4,374,000 |
| net assets | 11,770,000 | 11,901,000 | 11,208,000 | 10,538,000 | 14,340,000 | 12,669,000 | 4,461,000 | 3,709,000 | -3,381,000 | 11,653,000 | 24,818,000 | -5,239,000 | 21,143,000 | 13,094,000 | 14,106,000 |
| total shareholders funds | 11,770,000 | 11,901,000 | 11,208,000 | 10,538,000 | 14,340,000 | 12,669,000 | 4,461,000 | 3,709,000 | -3,381,000 | 11,653,000 | 24,818,000 | -5,239,000 | 21,143,000 | 13,094,000 | 14,106,000 |
| 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 | 818,000 | 767,000 | 728,000 | -3,752,000 | 1,692,000 | 8,210,000 | 754,000 | 2,092,000 | -15,031,000 | -13,160,000 | 4,870,000 | -26,186,000 | 7,977,000 | -1,627,000 | -6,652,000 |
| Depreciation | 39,000 | 25,000 | 32,000 | 28,000 | 0 | 0 | 0 | 0 | 0 | 5,000 | 20,000 | 24,000 | 26,000 | 27,000 | 23,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 54,000 | -78,000 | -45,000 | -62,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 244,000 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 400,000 | -287,000 | 982,000 | 228,000 | -1,161,000 | 8,496,000 | 65,000 | -23,000 | -5,926,000 | -47,422,000 | 52,726,000 | -15,602,000 | 9,917,000 | -3,738,000 | 10,473,000 |
| Creditors | 245,000 | -93,000 | 138,000 | -2,196,000 | -2,180,000 | 2,721,000 | -1,356,000 | -25,000 | -7,105,000 | -30,158,000 | 34,122,000 | 2,803,000 | 1,344,000 | -1,475,000 | 3,692,000 |
| Accruals and Deferred Income | -51,000 | -66,000 | 113,000 | 384,000 | -113,000 | 87,000 | 9,000 | -98,000 | -856,000 | 735,000 | -82,000 | -172,000 | 420,000 | -456,000 | 682,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 705,000 | 842,000 | -16,000 | -5,826,000 | 560,000 | 2,522,000 | -658,000 | 1,992,000 | -17,066,000 | 4,844,000 | -13,796,000 | -7,929,000 | 94,000 | 207,000 | -12,728,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 280,000 | 182,000 | 187,000 | -5,093,000 | 0 | 0 | 0 | 0 | 0 | 0 | 187,000 | -195,000 | -172,000 | 614,000 | 7,576,000 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -10,426,000 | 5,506,000 | -5,171,000 | 10,091,000 | 0 | -10,146,000 | 10,146,000 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
| share issue | |||||||||||||||
| interest | -3,000 | 4,000 | -13,000 | 12,000 | -21,000 | -2,000 | -2,000 | -2,000 | -3,000 | -5,000 | 0 | 0 | 0 | 0 | 10,000 |
| cash flow from financing | -5,003,000 | 4,000 | -13,000 | 12,000 | -21,000 | -10,428,000 | 5,504,000 | -173,000 | 10,088,000 | -5,000 | 15,041,000 | 9,950,000 | -172,000 | 615,000 | 20,758,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -588,000 | 588,000 | -277,000 | -733,000 | 564,000 | -7,985,000 | 4,846,000 | 1,819,000 | -6,978,000 | 4,839,000 | 1,058,000 | 2,216,000 | 72,000 | 155,000 | 404,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -588,000 | 588,000 | -277,000 | -733,000 | 564,000 | -7,985,000 | 4,846,000 | 1,819,000 | -6,978,000 | 4,839,000 | 1,058,000 | 2,216,000 | 72,000 | 155,000 | 404,000 |
bluewater services (uk) limited Credit Report and Business Information
Bluewater Services (uk) Limited Competitor Analysis
Perform a competitor analysis for bluewater services (uk) limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mid companies, companies in EC2A area or any other competitors across 12 key performance metrics.
bluewater services (uk) limited Ownership
BLUEWATER SERVICES (UK) LIMITED group structure
Bluewater Services (Uk) Limited has 6 subsidiary companies.
Ultimate parent company
AURELIA HOLDING NV
#0060197
BLUEWATER HOLDING BV
#0044485
2 parents
BLUEWATER SERVICES (UK) LIMITED
03253206
6 subsidiaries
bluewater services (uk) limited directors
Bluewater Services (Uk) Limited currently has 2 directors. The longest serving directors include Mr Adriaan Van De Korput (Nov 2017) and Mr Arie Van Der Laan (Jan 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adriaan Van De Korput | Netherlands | 66 years | Nov 2017 | - | Director |
| Mr Arie Van Der Laan | Netherlands | 58 years | Jan 2018 | - | Director |
P&L
December 2023turnover
7.3m
+17%
operating profit
818k
+7%
gross margin
9%
-8.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
11.8m
-0.01%
total assets
12.8m
0%
cash
0
-1%
net assets
Total assets minus all liabilities
bluewater services (uk) limited company details
company number
03253206
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
September 1996
age
28
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
JOHNSTON CARMICHAEL LLP
address
15 appold street, london, EC2A 2HB
Bank
ABN AMRO BANK
Legal Advisor
WATSON FARLEY & WILLIAMS
bluewater services (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 found 22 charges/mortgages relating to bluewater services (uk) limited. Currently there are 12 open charges and 10 have been satisfied in the past.
bluewater services (uk) limited Companies House Filings - See Documents
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