Tullow Oil Plc

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tullow oil plc Company Information

Live

MatureMegaHealthy

Company Number

03919249

Website

www.tullowoil.com

Registered Address

9 chiswick park, 566 chiswick high road, london, W4 5XT

Industry

Extraction of crude petroleum

Telephone

02032499000

Next Accounts Due

June 2024

Group Structure

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Directors

Genevieve Sangudi5 Years

Sheila Khama5 Years

View All

Shareholders

undisclosed 100%

tullow oil plc Estimated Valuation

£5.5b

Pomanda estimates the enterprise value of TULLOW OIL PLC at £5.5b based on an EBITDA of £931.5m and a 5.87x industry multiple (adjusted for size and gross margin).

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Tullow Oil Plc is a live company located in london, W4 5XT with a Companies House number of 03919249. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in February 2000, it's largest shareholder is undisclosed with a 100% stake. Tullow Oil Plc is a mature, mega sized company, Pomanda has estimated its turnover at £1.4b with healthy growth in recent years.

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Pomanda's financial health check has awarded Tullow Oil Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

9 Strong

0 Regular

3 Weak

Size

annual sales of £1.4b, make it larger than the average company (£55.5m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (2.6%)

EXPORT

Tullow Oil Plc's latest turnover from December 2022 is £1.4 billion and the company has net assets of -£369.1 million. According to their latest financial statements, Tullow Oil Plc has 376 employees and maintains cash reserves of £511.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	1,432,208,835	1,032,449,799	1,119,477,187	1,207,896,626	2,047,600,000	1,488,743,187	969,144,160	1,244,268,897	1,518,701,530	1,740,579,996	1,532,592,350	1,506,505,394	695,069,839	582,300,000
Other Income Or Grants	0	0	0	30,653,266	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	560,240,964	513,172,691	796,728,410	693,969,849	966,000,000	844,695,474	579,419,939	786,322,800	766,385,286	758,729,532	653,350,768	608,564,890	372,536,514	398,100,000
Gross Profit	871,967,871	519,277,108	322,748,777	544,580,043	1,081,600,000	644,047,713	389,724,221	457,946,097	752,316,245	981,850,464	879,241,582	897,940,503	322,533,325	184,200,000
Admin Expenses	282,489,959	96,224,899	1,138,802,021	1,538,908,830	553,200,000	626,352,792	927,527,969	1,304,987,609	2,100,610,803	731,439,469	104,347,826	157,829,356	155,494,611	89,100,000
Operating Profit	589,477,912	423,052,209	-816,053,244	-994,328,787	528,400,000	17,694,921	-537,803,748	-847,041,512	-1,348,294,558	250,410,995	774,893,756	740,111,147	167,038,714	95,100,000
Interest Payable	269,477,912	286,024,096	252,024,697	231,371,141	394,600,000	232,245,833	141,238,509	105,328,377	150,161,279	104,228,316	38,574,698	80,353,057	44,709,484	28,500,000
Interest Receivable	34,457,831	35,582,329	47,630,502	39,842,067	124,300,000	33,177,976	18,812,798	3,252,788	6,588,429	0	6,276,560	23,929,388	9,630,716	395,750
Pre-Tax Profit	355,100,402	172,610,442	-1,021,088,926	-1,186,934,673	260,500,000	-225,847,223	-647,260,030	-1,004,724,287	-1,405,119,758	205,957,783	729,584,832	701,471,069	114,293,003	20,300,000
Tax	-315,662,651	-237,429,719	41,616,550	-29,217,516	-175,100,000	87,368,671	221,620,466	201,672,862	-279,665,088	-63,852,173	-294,017,653	-250,997,058	-57,210,281	-1,800,000
Profit After Tax	39,437,751	-64,819,277	-979,472,376	-1,216,152,190	85,400,000	-138,478,553	-425,639,564	-803,051,425	-1,684,784,847	142,105,609	435,567,179	450,474,011	57,082,722	18,500,000
Dividends Paid	0	0	0	0	0	0	0	0	124,905,634	110,080,884	0	0	50,513,426	48,100,000
Retained Profit	39,437,751	-64,819,277	-979,472,376	-1,216,152,190	84,800,000	-139,268,505	-427,492,339	-801,425,031	-1,867,339,235	1,052,147	408,172,605	424,321,674	6,569,297	-48,100,000
Employee Costs	63,212,851	66,666,667	159,409,831	143,287,868	206,800,000	162,098,112	162,046,604	278,345,725	315,009,265	199,579,141	164,694,345	147,891,468	79,533,133	56,800,000
Number Of Employees	376	378	730	989	1,031	1,172	1,338	1,713	2,071	1,679	1,353	1,053	890	560
EBITDA*	931,485,944	727,389,558	-240,558,095	86,647,523	1,112,500,000	1,199,225,847	253,117,651	-35,935,564	-921,419,257	639,639,640	1,123,896,698	1,107,486,107	394,030,232	318,300,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	2,680,722,892	3,303,212,851	4,269,024,136	3,614,860,014	6,313,400,000	5,348,605,735	4,499,608,067	4,602,540,273	3,744,835,632	3,248,832,774	3,341,288,003	2,571,951,618	1,961,732,253	1,412,500,000
Intangible Assets	231,807,229	284,819,277	295,244,968	1,266,618,808	1,898,600,000	1,527,292,835	1,443,597,235	2,760,223,048	2,661,793,974	2,958,374,433	1,946,453,089	3,615,364,498	2,551,948,466	1,333,200,000
Investments & Other	0	0	2,084,836	2,225,412	51,200,000	1,421,912	11,971,780	170,151,796	133,758,835	5,129,215	653,808	653,808	637,795	700,000
Debtors (Due After 1 year)	274,377,510	677,510,040	835,297,891	818,880,114	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,900,883,534	3,303,373,493	3,728,971,213	4,881,478,822	8,212,000,000	6,875,898,570	5,943,205,301	7,362,763,320	6,406,629,606	6,207,207,207	5,287,741,091	6,187,316,116	4,513,680,719	2,745,700,000
Stock & work in progress	145,863,453	108,273,092	77,058,776	137,473,079	134,800,000	132,711,904	110,667,711	83,023,543	95,738,109	127,507,069	107,028,440	147,564,563	116,716,627	68,800,000
Trade Debtors	21,526,104	80,160,643	63,346,965	27,781,766	159,400,000	135,397,741	84,372,550	62,577,447	60,256,674	202,998,619	156,064,073	178,097,417	0	58,000,000
Group Debtors	363,293,172	445,542,168	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	92,851,405	120,321,285	0	0	0	0	0	0	0	0	0	0	101,345,749	0
Cash	511,084,337	376,787,148	645,818,298	207,322,325	179,800,000	224,346,314	200,883,631	275,480,173	218,928,007	232,064,180	215,887,544	200,784,570	215,766,311	158,300,000
misc current assets	0	0	588,806,030	667,193,108	1,949,400,000	1,343,629,039	1,358,227,036	1,004,724,287	1,057,099,719	798,185,046	367,178,817	240,078,457	417,947,573	187,200,000
total current assets	1,146,987,952	1,146,907,631	1,528,987,250	1,070,567,121	2,423,400,000	1,836,084,999	1,754,150,930	1,425,805,452	1,432,022,510	1,360,754,915	846,158,875	766,525,008	851,776,261	472,300,000
total assets	4,047,871,486	4,450,281,124	5,257,958,463	5,952,045,943	10,635,400,000	8,711,983,569	7,697,356,231	8,788,568,772	7,838,652,116	7,567,962,122	6,133,899,966	6,953,841,124	5,365,456,980	3,218,000,000
Bank overdraft	0	0	3,047,069	0	0	0	0	0	10,706,198	1	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	90,247,752	104,820,148	0	0	0	0
Trade Creditors	54,859,438	48,353,414	30,711,250	68,485,284	97,100,000	65,802,986	33,421,221	18,587,361	86,816,279	27,421,582	33,017,326	56,096,764	43,561,452	83,000,000
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	229,959,839	145,301,204	2,542,298,131	0	2,700,000	41,946,441	425,710,824	57,156,133	0	31,630,170	0	0	227,629,313	0
hp & lease commitments	201,767,068	202,008,032	193,087,964	204,020,100	221,200,000	180,188,008	1,353,951	1,161,710	892,183	0	653,808	0	10,013,393	0
other current liabilities	574,698,793	683,534,135	765,696,413	786,216,796	1,167,500,000	782,052,292	714,244,993	1,148,156,750	730,423,441	777,996,973	769,728,668	946,583,848	666,369,027	313,300,000
total current liabilities	1,061,285,141	1,079,196,787	3,534,840,831	1,058,722,182	1,488,500,000	1,069,989,731	1,174,730,991	1,225,061,958	919,085,855	941,868,876	803,399,804	1,002,680,615	947,573,187	396,300,000
loans	3,904,738,954	4,124,819,276	1,564,750,220	3,844,005,742	8,820,200,000	5,738,525,948	6,359,723,508	6,643,277,569	4,521,583,967	2,681,067,927	819,941,157	1,871,395,881	1,227,948,210	0
hp & lease commitments	0	0	782,375,110	819,023,689	1,191,000,000	0	17,530,107	20,523,543	58,403,678	19,333,201	20,006,538	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	626,506,024	792,851,405	71,365,568	51,687,006	91,300,000	1,123,785,449	0	56,381,660	0	0	0	1,569,140	225,779,705	845,400,000
provisions	1,553,574,296	1,780,401,605	2,075,535,240	2,221,105,526	3,504,600,000	3,006,240,618	3,419,226,108	3,453,531,597	3,799,327,430	3,389,491,679	2,102,517,161	1,924,288,981	949,167,675	900,800,000
total long term liabilities	3,355,662,650	3,745,461,847	1,891,508,299	4,187,221,823	6,253,700,000	5,496,168,733	4,924,606,285	5,104,786,245	4,160,455,699	3,044,584,731	1,851,193,200	2,835,109,512	1,928,311,754	1,295,800,000
total liabilities	4,416,947,791	4,824,658,634	5,426,349,130	5,245,944,005	7,742,200,000	6,566,158,464	6,099,337,276	6,329,848,203	5,079,541,554	3,986,453,607	2,654,593,004	3,837,790,127	2,875,884,941	1,692,100,000
net assets	-369,076,305	-374,377,511	-168,390,666	706,101,938	2,893,200,000	2,137,609,606	1,589,182,641	2,443,385,997	2,742,433,601	3,500,295,916	3,418,895,064	3,066,623,080	2,450,921,615	1,499,500,000
total shareholders funds	-369,076,305	-374,377,510	-168,390,666	706,101,938	2,893,200,000	2,137,609,606	1,589,182,641	2,443,385,998	2,742,433,601	3,500,295,916	3,418,895,064	3,066,623,079	2,450,921,615	1,499,500,000

	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	589,477,912	423,052,209	-816,053,244	-994,328,787	528,400,000	17,694,921	-537,803,748	-847,041,512	-1,348,294,558	250,410,995	774,893,756	740,111,147	167,038,714	95,100,000
Depreciation	342,008,032	304,337,349	575,495,149	1,080,976,310	584,100,000	929,536,298	583,268,011	811,105,948	426,875,300	389,228,645	349,002,942	367,374,959	226,991,517	223,200,000
Amortisation	0	0	0	0	0	251,994,628	207,653,388	0	0	0	0	0	0	0
Tax	-315,662,651	-237,429,719	41,616,550	-29,217,516	-175,100,000	87,368,671	221,620,466	201,672,862	-279,665,088	-63,852,173	-294,017,653	-250,997,058	-57,210,281	-1,800,000
Stock	37,590,361	31,214,316	-60,414,303	2,673,079	2,088,096	22,044,193	27,644,168	-12,714,566	-31,768,960	20,478,629	-40,536,123	30,847,936	47,916,627	68,800,000
Debtors	-571,485,944	424,889,281	51,982,976	687,261,879	24,002,260	51,025,190	21,795,103	2,320,773	-142,741,945	46,934,546	-22,033,344	76,751,668	43,345,749	58,000,000
Creditors	6,506,024	17,642,164	-37,774,033	-28,614,716	31,297,014	32,381,765	14,833,861	-68,228,918	59,394,697	-5,595,744	-23,079,438	12,535,312	-39,438,548	83,000,000
Accruals and Deferred Income	-108,835,342	-82,162,278	-20,520,383	-381,283,204	385,447,708	67,807,299	-433,911,757	417,733,309	-47,573,532	8,268,305	-176,855,180	280,214,821	353,069,027	313,300,000
Deferred Taxes & Provisions	-226,827,309	-295,133,635	-145,570,286	-1,283,494,474	498,359,382	-412,985,490	-34,305,489	-345,795,833	409,835,751	1,286,974,518	178,228,180	975,121,306	48,367,675	900,800,000
Cash flow from operations	820,562,249	-325,797,507	-394,374,920	-2,325,897,345	1,826,413,748	900,728,709	-28,084,539	179,839,649	-604,916,525	1,798,021,371	870,742,074	2,016,760,883	607,555,728	1,486,800,000
Investing Activities
capital expenditure	333,493,975	671,899,627	-258,285,431	2,249,544,868	-1,920,201,430	-2,114,224,194	628,636,620	-1,767,239,663	-626,297,700	-1,308,694,759	550,572,082	-2,041,010,356	-1,994,972,236	-2,968,900,000
Change in Investments	0	-2,084,836	-140,576	-48,974,588	49,778,088	-10,549,868	-158,180,016	36,392,961	128,629,620	4,475,407	0	16,013	-62,205	700,000
cash flow from investments	333,493,975	673,984,463	-258,144,855	2,298,519,456	-1,969,979,518	-2,103,674,326	786,816,636	-1,803,632,624	-754,927,320	-1,313,170,166	550,572,082	-2,041,026,369	-1,994,910,031	-2,969,600,000
Financing Activities
Bank loans	0	0	0	0	0	0	0	-90,247,752	-14,572,396	104,820,148	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	84,658,635	-2,396,996,927	2,542,298,131	-2,700,000	-39,246,441	-383,764,383	368,554,691	57,156,133	-31,630,170	31,630,170	0	-227,629,313	227,629,313	0
Long term loans	-220,080,322	2,560,069,056	-2,279,255,522	-4,976,194,258	3,081,674,052	-621,197,560	-283,554,061	2,121,693,602	1,840,516,040	1,861,126,770	-1,051,454,724	643,447,671	1,227,948,210	0
Hire Purchase and Lease Commitments	-240,964	-773,455,042	-47,580,715	-389,156,211	1,232,011,992	161,303,950	-2,801,195	-37,610,608	39,962,660	-1,327,145	20,660,346	-10,013,393	10,013,393	0
other long term liabilities	-166,345,381	721,485,837	19,678,562	-39,612,994	-1,032,485,449	1,123,785,449	-56,381,660	56,381,660	0	0	-1,569,140	-224,210,565	-619,620,295	845,400,000
share issue	-34,136,546	-141,167,567	104,979,771	-970,945,872	670,790,394	687,695,470	-426,711,018	502,377,428	1,109,476,920	80,348,706	-55,900,621	191,379,791	944,852,318	1,547,600,000
interest	-235,020,081	-250,441,767	-204,394,195	-191,529,074	-270,300,000	-199,067,857	-122,425,711	-102,075,589	-143,572,850	-104,228,316	-32,298,138	-56,423,669	-35,078,768	-28,104,250
cash flow from financing	-571,164,659	-280,506,410	135,726,032	-6,570,138,409	3,642,444,548	768,755,069	-523,318,954	2,507,674,874	2,800,180,204	1,972,370,333	-1,120,562,277	316,550,522	1,755,744,171	2,364,895,750
cash and cash equivalents
cash	134,297,189	-269,031,150	438,495,973	27,522,325	-44,546,314	23,462,683	-74,596,542	56,552,166	-13,136,173	16,176,636	15,102,974	-14,981,741	57,466,311	158,300,000
overdraft	0	-3,047,069	3,047,069	0	0	0	0	-10,706,198	10,706,197	1	0	0	0	0
change in cash	134,297,189	-265,984,081	435,448,904	27,522,325	-44,546,314	23,462,683	-74,596,542	67,258,364	-23,842,370	16,176,635	15,102,974	-14,981,741	57,466,311	158,300,000

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TULLOW OIL PLC group structure

Tullow Oil Plc has 8 subsidiary companies.

Ultimate parent company

TULLOW OIL PLC

03919249

8 subsidiaries

TULLOW OIL SPE LIMITED

04609980

TULLOW OIL FINANCE LIMITED

08107505

TULLOW OVERSEAS HOLDINGS B.V.

FC033193

TULLOW OIL SNS LIMITED

05064884

TULLOW OIL SK LIMITED

05287330

TULLOW OIL 100 LIMITED

07086877

TULLOW GROUP SERVICES LIMITED

05660209

TULLOW OIL 101 LIMITED

07639401

TULLOW OIL PLC Shareholders

undisclosed

100%

Tullow Oil Plc currently has 9 directors. The longest serving directors include Ms Genevieve Sangudi (Apr 2019) and Ms Sheila Khama (Apr 2019).

officer	country	age	start	end	role
Ms Genevieve Sangudi		48 years	Apr 2019	-	Director
Ms Sheila Khama		67 years	Apr 2019	-	Director
Mr Martin Greenslade	United Kingdom	59 years	Nov 2019	-	Director
Mr Rahul Dhir	United Kingdom	58 years	Jul 2020	-	Director
Mr Mitchell Ingram		61 years	Sep 2020	-	Director
Mr Phuthuma Nhleko		64 years	Oct 2021	-	Director
Mr Richard Miller		41 years	Jan 2023	-	Director
Mr Roald Goethe		64 years	Feb 2023	-	Director
Ms Rebecca Wiles		58 years	Jun 2023	-	Director

P&L

December 2022

turnover

1.4b

+39%

operating profit

589.5m

+39%

gross margin

60.9%

+21.05%

turnover

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

Balance Sheet

December 2022

net assets

-369.1m

-0.01%

total assets

-0.09%

cash

511.1m

+0.36%

net assets

Total assets minus all liabilities

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company number

03919249

Type

Public limited with Share Capital

industry

06100 - Extraction of crude petroleum

incorporation date

February 2000

age

accounts

Group

ultimate parent company

None

previous names

dmwsl 291 plc (April 2000)

incorporated

address

9 chiswick park, 566 chiswick high road, london, W4 5XT

last accounts submitted

December 2022

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 60 charges/mortgages relating to tullow oil plc. Currently there are 43 open charges and 17 have been satisfied in the past.

tullow oil plc Company Information

tullow oil plc Estimated Valuation

tullow oil plc Estimated Valuation

tullow oil plc Estimated Valuation

Tullow Oil Plc Overview

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