Ithaca Ma Limited

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ithaca ma limited Company Information

Live

MatureMegaRapid

Company Number

03947050

Website

www.marubeni.co.uk

Registered Address

1 park row, leeds, LS1 5AB

Industry

Extraction of crude petroleum

Telephone

02077663636

Next Accounts Due

September 2025

Group Structure

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Directors

Iain Lewis2 Years

Julie McAteer0 Years

View All

Shareholders

ithaca energy (uk) limited 100%

ithaca ma limited Estimated Valuation

£1b

Pomanda estimates the enterprise value of ITHACA MA LIMITED at £1b based on an EBITDA of £269.1m and a 3.88x industry multiple (adjusted for size and gross margin).

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Ithaca Ma Limited is a live company located in leeds, LS1 5AB with a Companies House number of 03947050. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in March 2000, it's largest shareholder is ithaca energy (uk) limited with a 100% stake. Ithaca Ma Limited is a mature, mega sized company, Pomanda has estimated its turnover at £372.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded Ithaca Ma Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

4 Weak

Size

annual sales of £372.4m, make it larger than the average company (£57.8m)

Growth

3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (11.2%)

EXPORT

Ithaca Ma Limited's latest turnover from December 2023 is £372.4 million and the company has net assets of £476.2 million. According to their latest financial statements, we estimate that Ithaca Ma Limited has 407 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 2010
Turnover	372,352,490	355,321,108	174,628,279	134,109,530	188,225,245	296,446,742	133,665,936	27,782,545	15,394,992	12,449,960	37,880,463	50,990,060	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	237,173,329	130,854,753	112,266,801	359,202,612	135,059,815	239,537,742	172,115,526	59,082,542	267,122,821	373,326,195	60,156,562	51,957,345	0
Gross Profit	135,179,161	224,466,355	62,361,478	-225,093,082	53,165,430	56,909,000	-38,449,590	-31,299,997	-251,727,829	-360,876,236	-22,276,099	-967,285	0
Admin Expenses	91,929,717	8,305,839	4,383,828	2,442,253	-1,047,116	739,023	9,603,101	-3,459,248	545,725	-963,655	5,300,119	3,566,605	0
Operating Profit	43,249,444	216,160,516	57,977,650	-227,535,335	54,212,546	56,169,977	-48,052,691	-27,840,749	-252,273,554	-359,912,581	-27,576,218	-4,533,890	0
Interest Payable	19,756,004	8,648,047	2,030,886	1,069,116	2,239,838	6,088,260	3,758,155	4,134,342	7,642,752	7,560,088	4,617,324	3,535,560	0
Interest Receivable	0	9,207	103,988	167,478	533,789	378,206	29,691	4,534	0	0	0	0	0
Pre-Tax Profit	23,493,440	207,521,676	56,050,753	-228,436,973	52,506,497	46,782,181	-56,091,904	-31,970,557	-259,916,306	-367,472,668	-32,193,543	-8,069,450	0
Tax	-39,613,289	418,341,901	-11,442,651	-89,347,706	-60,240,609	-14,072,073	28,608,215	-34,482,093	5,709,480	263,884,702	34,191,524	3,062,526	0
Profit After Tax	-16,119,850	625,863,577	44,608,102	-317,784,678	-7,734,112	32,710,108	-27,483,689	-66,452,650	-254,206,826	-103,587,967	1,997,981	-5,006,924	0
Dividends Paid	0	0	0	0	151,471,644	0	0	0	0	0	0	0	0
Retained Profit	-16,119,850	625,863,577	44,608,102	-317,784,678	-159,205,756	32,710,108	-27,483,689	-66,452,650	-254,206,826	-103,587,967	1,997,981	-5,006,924	0
Employee Costs	0	0	0	0	0	0	0	0	0	0	0	0	0
Number Of Employees	407	389	282	272	227	410	265	67	25	16	49	63	1
EBITDA*	269,120,694	281,483,158	123,045,941	-162,482,408	156,339,396	193,665,015	71,119,908	-9,183,177	-21,130,129	-35,907,046	-14,918,104	9,361,584	0

* 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 2010
Tangible Assets	468,212,230	586,791,222	250,963,060	312,964,440	580,981,489	712,963,204	873,883,825	849,556,309	666,773,455	553,891,821	577,984,603	316,983,775	0
Intangible Assets	6,139,799	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	288,217,602	316,444,411	16,374,360	26,025,431	115,245,890	190,063,517	216,858,588	187,135,215	227,910,859	186,111,455	217,652	56,994	0
Debtors (Due After 1 year)	5,943,374	285,870,482	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	768,513,005	1,189,106,115	267,337,420	338,989,872	696,227,380	903,026,722	1,090,742,413	1,036,691,525	894,684,314	740,003,276	578,202,255	317,040,769	0
Stock & work in progress	20,542,469	25,238,241	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	59,175,938	50,187,217	9,296,911	9,324,910	2,151,163	14,186,086	16,407,098	3,758,323	3,703,266	0	64,620	54,245	0
Group Debtors	751,088,007	0	167,690,516	63,173,007	1,986,893	6,732,561	7,738,148	28,693	0	2,157,831	2,082,185	3,913,322	0
Misc Debtors	27,581,523	584,669	21,164,054	12,611,827	21,761,757	27,520,061	15,568,124	7,343,360	4,006,551	507,838	3,305,022	5,681,062	1
Cash	0	0	17,509,700	6,863,763	8,553,436	18,347,906	18,481,345	4,929,761	22,972,909	1,911,876	8,812,821	17,935,268	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	858,387,938	76,010,128	215,661,183	91,973,508	34,453,249	66,786,616	58,194,716	16,060,138	30,682,726	4,577,547	14,264,650	27,583,898	1
total assets	1,626,900,944	1,265,116,243	482,998,603	430,963,380	730,680,629	969,813,338	1,148,937,129	1,052,751,663	925,367,040	744,580,822	592,466,905	344,624,667	1
Bank overdraft	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
Trade Creditors	204,097	176,475	279,373	2,837,447	8,556,457	6,200,027	12,868,949	14,975,043	13,667,684	32,625,779	30,195,297	12,309,860	0
Group/Directors Accounts	319,583,365	0	989,446	959,859	1,199,572	1,285,818	242,581,777	171,915,953	1,958,409	535,834,752	234,691,401	62,573,716	0
other short term finances	0	0	0	777,602	147,785	0	8,718,623	1,866,990	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	467,161,819	468,611,217	6,300,636	4,913,242	7,409,590	5,906,543	16,994,415	27,210,442	24,522,624	82,241,989	60,983,464	37,823,097	0
total current liabilities	786,949,283	468,787,693	7,569,455	9,488,151	17,313,405	13,392,388	281,163,766	215,968,429	40,148,719	650,702,521	325,870,163	112,706,674	0
loans	0	0	0	0	0	0	0	0	0	100,574,712	97,048,920	85,979,996	0
hp & lease commitments	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
other liabilities	363,758,152	304,015,192	193,771,534	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	202,658,384	176,387,811	190,560,644	233,015,955	201,403,881	163,679,644	76,731,453	150,227,860	130,508,423	0
total long term liabilities	363,758,152	304,015,192	193,771,535	202,658,385	176,387,812	190,560,644	233,015,955	201,403,882	163,679,644	177,306,166	247,276,781	216,488,420	0
total liabilities	1,150,707,435	772,802,885	201,340,990	212,146,536	193,701,217	203,953,032	514,179,721	417,372,310	203,828,363	828,008,687	573,146,944	329,195,093	0
net assets	476,193,509	492,313,358	281,657,613	218,816,844	536,979,412	765,860,306	634,757,408	635,379,352	721,538,678	-83,427,865	19,319,961	15,429,574	1
total shareholders funds	476,193,509	492,313,358	281,657,613	218,816,844	536,979,412	765,860,306	634,757,408	635,379,352	721,538,678	-83,427,865	19,319,961	15,429,574	1

	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	43,249,444	216,160,516	57,977,650	-227,535,335	54,212,546	56,169,977	-48,052,691	-27,840,749	-252,273,554	-359,912,581	-27,576,218	-4,533,890	0	0	0
Depreciation	225,871,250	65,322,643	65,068,291	65,052,927	102,126,850	137,495,038	119,172,600	18,657,571	231,143,425	324,005,534	12,658,114	13,895,474	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-39,613,289	418,341,901	-11,442,651	-89,347,706	-60,240,609	-14,072,073	28,608,215	-34,482,093	5,709,480	263,884,702	34,191,524	3,062,526	0	0	0
Stock	-4,695,772	25,238,241	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	507,146,475	138,490,886	113,041,737	59,209,932	-22,538,896	8,725,339	28,582,994	3,420,560	5,044,146	-2,786,158	-4,196,802	9,648,630	-1	1	0
Creditors	27,622	-102,898	-2,558,074	-5,719,009	2,356,430	-6,668,923	-2,106,093	1,307,358	-18,958,095	2,430,482	17,885,437	12,309,860	0	0	0
Accruals and Deferred Income	-1,449,398	462,310,581	1,387,394	-2,496,348	1,503,047	-11,087,872	-10,216,027	2,687,818	-57,719,365	21,258,525	23,160,367	37,823,097	0	0	0
Deferred Taxes & Provisions	0	0	-202,658,384	26,270,573	-14,172,833	-42,455,311	31,612,074	37,724,237	86,948,191	-73,496,407	19,719,437	130,508,423	0	0	0
Cash flow from operations	-274,365,074	998,303,616	-205,267,511	-292,984,830	108,324,327	110,655,497	90,435,084	-5,366,418	-10,194,064	180,956,413	84,235,463	183,416,860	1	-1	0
Investing Activities
capital expenditure	-113,432,057	-401,150,805	-3,066,911	202,964,122	29,854,865	23,425,583	-143,500,116	-201,440,425	-344,025,059	-299,912,752	-273,658,942	-330,879,249	0	0	0
Change in Investments	-28,226,809	300,070,051	-9,651,072	-89,220,459	-74,817,627	-26,795,070	29,723,373	-40,775,644	41,799,404	185,893,803	160,658	56,994	0	0	0
cash flow from investments	-85,205,248	-701,220,856	6,584,161	292,184,581	104,672,492	50,220,653	-173,223,489	-160,664,781	-385,824,463	-485,806,555	-273,819,600	-330,936,243	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	319,583,365	-989,446	29,587	-239,713	-86,246	-241,295,959	70,665,825	169,957,543	-533,876,343	301,143,351	172,117,684	62,573,716	0	0	0
Other Short Term Loans	0	0	-777,602	629,817	147,785	-8,718,623	6,851,633	1,866,990	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	-100,574,712	3,525,792	11,068,924	85,979,996	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	59,742,960	110,243,658	193,771,534	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	-415,207,832	18,232,667	-377,890	-69,675,138	98,392,789	26,861,745	-19,706,675	1,059,173,368	840,141	1,892,406	20,436,498	-1	1	0
interest	-19,756,004	-8,638,840	-1,926,898	-901,638	-1,706,049	-5,710,054	-3,728,464	-4,129,808	-7,642,752	-7,560,088	-4,617,324	-3,535,560	0	0	0
cash flow from financing	359,570,321	-314,592,460	209,329,288	-889,424	-71,319,648	-157,331,847	100,650,739	147,988,050	417,079,561	297,949,196	180,461,690	165,454,650	-1	1	0
cash and cash equivalents
cash	0	-17,509,700	10,645,937	-1,689,673	-9,794,471	-133,439	13,551,584	-18,043,148	21,061,033	-6,900,945	-9,122,447	17,935,268	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	-17,509,700	10,645,937	-1,689,673	-9,794,471	-133,439	13,551,584	-18,043,148	21,061,033	-6,900,945	-9,122,447	17,935,268	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ITHACA MA LIMITED group structure

Ithaca Ma Limited has 1 subsidiary company.

Ultimate parent company

ITHACA ENERGY (UK) LIMITED

SC272009

1 parent

ITHACA MA LIMITED

03947050

1 subsidiary

ITHACA MA(NS) LIMITED

SC238015

ITHACA MA LIMITED Shareholders

ithaca energy (uk) limited

100%

Ithaca Ma Limited currently has 4 directors. The longest serving directors include Mr Iain Lewis (Sep 2022) and Mrs Julie McAteer (May 2024).

officer	country	age	start	end	role
Mr Iain Lewis	Scotland	46 years	Sep 2022	-	Director
Mrs Julie McAteer	United Kingdom	54 years	May 2024	-	Director
Mr Yaniv Friedman	Scotland	50 years	Jul 2024	-	Director
Mr Luciano Vasques	United Kingdom	61 years	Oct 2024	-	Director

P&L

December 2023

turnover

372.4m

+5%

operating profit

43.2m

-80%

gross margin

36.4%

-42.53%

turnover

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

Balance Sheet

December 2023

net assets

476.2m

-0.03%

total assets

1.6b

+0.29%

cash

net assets

Total assets minus all liabilities

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company number

03947050

Type

Private limited with Share Capital

industry

06100 - Extraction of crude petroleum

incorporation date

March 2000

ultimate parent company

ITHACA ENERGY (UK) LIMITED

previous names

ithaca oil & gas (u.k.) limited (March 2022)

marubeni oil & gas (u.k.) limited (February 2022)

address

1 park row, leeds, LS1 5AB

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 7 charges/mortgages relating to ithaca ma limited. Currently there are 1 open charges and 6 have been satisfied in the past.

ithaca ma limited Company Information

ithaca ma limited Estimated Valuation

ithaca ma limited Estimated Valuation

ithaca ma limited Estimated Valuation

Ithaca Ma Limited Overview

Ithaca Ma Limited Health Check

ITHACA MA LIMITED financials

ithaca ma limited Credit Report and Business Information

Ithaca Ma Limited Competitor Analysis

ithaca ma limited Ownership

ithaca ma limited directors

ithaca ma limited company details

ithaca ma limited Charges & Mortgages

ithaca ma limited Companies House Filings - See Documents