offshore support vessels v limited
offshore support vessels v limited Company Information
Company Number
04241096
Next Accounts
91 days late
Industry
Support activities for petroleum and natural gas extraction
Shareholders
vroon offshore uk ltd
Group Structure
View All
Contact
Registered Address
c/o endeavour partnership llp, tobias house, st mark's court, teesside, TS17 6QW
Website
www.vallianzholdings.comoffshore support vessels v limited Estimated Valuation
Pomanda estimates the enterprise value of OFFSHORE SUPPORT VESSELS V LIMITED at £13.2m based on a Turnover of £20.7m and 0.64x industry multiple (adjusted for size and gross margin).
offshore support vessels v limited Estimated Valuation
Pomanda estimates the enterprise value of OFFSHORE SUPPORT VESSELS V LIMITED at £37.8m based on an EBITDA of £18.2m and a 2.07x industry multiple (adjusted for size and gross margin).
offshore support vessels v limited Estimated Valuation
Pomanda estimates the enterprise value of OFFSHORE SUPPORT VESSELS V LIMITED at £4.2m based on Net Assets of £2.9m and 1.47x industry multiple (adjusted for liquidity).
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Offshore Support Vessels V Limited Overview
Offshore Support Vessels V Limited is a live company located in teesside, TS17 6QW with a Companies House number of 04241096. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in June 2001, it's largest shareholder is vroon offshore uk ltd with a 100% stake. Offshore Support Vessels V Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.7m with low growth in recent years.
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Offshore Support Vessels V Limited Health Check
Pomanda's financial health check has awarded Offshore Support Vessels V Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £20.7m, make it larger than the average company (£14m)
£20.7m - Offshore Support Vessels V Limited
£14m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a faster rate (-2.6%)
1% - Offshore Support Vessels V Limited
-2.6% - Industry AVG
Production
with a gross margin of 3.5%, this company has a higher cost of product (20.3%)
3.5% - Offshore Support Vessels V Limited
20.3% - Industry AVG
Profitability
an operating margin of 79.5% make it more profitable than the average company (6%)
79.5% - Offshore Support Vessels V Limited
6% - Industry AVG
Employees
with 96 employees, this is above the industry average (40)
- Offshore Support Vessels V Limited
40 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Offshore Support Vessels V Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £215.7k, this is equally as efficient (£216.4k)
- Offshore Support Vessels V Limited
£216.4k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (53 days)
12 days - Offshore Support Vessels V Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (26 days)
1 days - Offshore Support Vessels V Limited
26 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (29 days)
2 days - Offshore Support Vessels V Limited
29 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Offshore Support Vessels V Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.5%, this is a higher level of debt than the average (58.3%)
91.5% - Offshore Support Vessels V Limited
58.3% - Industry AVG
OFFSHORE SUPPORT VESSELS V LIMITED financials
Offshore Support Vessels V Limited's latest turnover from December 2022 is £20.7 million and the company has net assets of £2.9 million. According to their latest financial statements, we estimate that Offshore Support Vessels V Limited has 96 employees and maintains cash reserves of £278 thousand 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 | 20,705,000 | 20,237,000 | 19,443,000 | 19,817,000 | 19,412,000 | 19,174,000 | 19,975,000 | 12,242,000 | 6,847,000 | 5,812,000 | 2,734,000 | 2,602,000 | 3,081,000 | 2,974,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 19,987,000 | 17,039,000 | 17,899,000 | 18,359,000 | 17,877,000 | 17,472,000 | 15,672,000 | 9,815,000 | 6,350,000 | 4,850,000 | 2,221,000 | 2,626,000 | 2,420,000 | 2,382,000 |
| Gross Profit | 718,000 | 3,198,000 | 1,544,000 | 1,458,000 | 1,535,000 | 1,702,000 | 4,303,000 | 2,427,000 | 497,000 | 962,000 | 513,000 | -24,000 | 661,000 | 592,000 |
| Admin Expenses | 123,000 | 28,000 | 179,000 | 121,000 | 113,000 | 110,000 | 82,000 | |||||||
| Operating Profit | 4,180,000 | 469,000 | 783,000 | 392,000 | -137,000 | 551,000 | 510,000 | |||||||
| Interest Payable | 2,551,000 | 1,666,000 | 1,836,000 | 1,972,000 | 1,373,000 | 1,232,000 | 2,349,000 | 1,313,000 | 90,000 | 159,000 | 71,000 | 76,000 | 95,000 | 95,000 |
| Interest Receivable | 102,000 | 367,000 | 21,000 | 27,000 | 342,000 | 439,000 | 0 | 33,000 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | 11,282,000 | -1,913,000 | -10,711,000 | -4,538,000 | 403,000 | 837,000 | 1,831,000 | 1,055,000 | 379,000 | 624,000 | 321,000 | -213,000 | 576,000 | 415,000 |
| Tax | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 11,281,000 | -1,914,000 | -10,712,000 | -4,539,000 | 402,000 | 836,000 | 1,830,000 | 1,054,000 | 379,000 | 624,000 | 321,000 | -213,000 | 576,000 | 415,000 |
| Dividends Paid | 0 | 0 | 0 | 3,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 11,281,000 | -1,914,000 | -10,712,000 | -8,039,000 | 402,000 | 836,000 | 1,830,000 | 1,054,000 | 379,000 | 624,000 | 321,000 | -213,000 | 576,000 | 415,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | ||||||||||||||
| EBITDA* | 6,788,000 | 1,556,000 | 1,755,000 | 1,011,000 | 482,000 | 1,403,000 | 1,393,000 |
* 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 | 25,904,000 | 13,046,000 | 18,496,000 | 31,165,000 | 37,688,000 | 40,296,000 | 42,904,000 | 45,512,000 | 7,539,000 | 8,626,000 | 3,907,000 | 4,526,000 | 5,145,000 | 7,145,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 25,904,000 | 13,046,000 | 18,496,000 | 31,165,000 | 37,688,000 | 40,296,000 | 42,904,000 | 45,512,000 | 7,539,000 | 8,626,000 | 3,907,000 | 4,526,000 | 5,145,000 | 7,145,000 |
| Stock & work in progress | 150,000 | 180,000 | 82,000 | 53,000 | 92,000 | 95,000 | 41,000 | 60,000 | 0 | 12,000 | 0 | 0 | 0 | 0 |
| Trade Debtors | 717,000 | 678,000 | 1,131,000 | 1,472,000 | 1,220,000 | 1,199,000 | 1,124,000 | 1,412,000 | 585,000 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 6,613,000 | 5,051,000 | 870,000 | 258,000 | 746,000 | 0 | 811,000 | 902,000 | 441,000 | 721,000 | 310,000 | 474,000 | 270,000 | 538,000 |
| Misc Debtors | 0 | 49,000 | 4,000 | 0 | 22,000 | 0 | 34,000 | 125,000 | 0 | 0 | 0 | 0 | 0 | 75,000 |
| Cash | 278,000 | 1,063,000 | 1,018,000 | 16,000 | 1,785,000 | 1,374,000 | 652,000 | 179,000 | 28,000 | 63,000 | 0 | 0 | 1,000 | 31,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,758,000 | 7,021,000 | 3,105,000 | 1,799,000 | 3,865,000 | 2,668,000 | 2,662,000 | 2,678,000 | 1,054,000 | 796,000 | 310,000 | 474,000 | 271,000 | 644,000 |
| total assets | 33,662,000 | 20,067,000 | 21,601,000 | 32,964,000 | 41,553,000 | 42,964,000 | 45,566,000 | 48,190,000 | 8,593,000 | 9,422,000 | 4,217,000 | 5,000,000 | 5,416,000 | 7,789,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,000 | 0 | 0 |
| Bank loan | 26,918,000 | 26,918,000 | 26,930,000 | 3,808,000 | 0 | 28,589,000 | 28,589,000 | 3,639,000 | 0 | 0 | 2,071,000 | 617,000 | 3,304,000 | 617,000 |
| Trade Creditors | 107,000 | 192,000 | 35,000 | 11,000 | 0 | 51,000 | 117,000 | 109,000 | 1,000 | 0 | 0 | 3,000 | 0 | 0 |
| Group/Directors Accounts | 648,000 | 498,000 | 429,000 | 1,168,000 | 385,000 | 1,752,000 | 4,687,000 | 7,305,000 | 5,466,000 | 6,682,000 | 28,000 | 477,000 | 101,000 | 3,932,000 |
| other short term finances | 0 | 0 | 362,000 | 382,000 | 376,000 | 717,000 | 1,155,000 | 518,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,131,000 | 882,000 | 354,000 | 3,000 | 3,000 | 16,000 | 15,000 | 76,000 | 7,000 | 0 | 2,000 | 2,000 | 3,000 | 4,000 |
| total current liabilities | 30,804,000 | 28,490,000 | 28,110,000 | 5,372,000 | 764,000 | 31,125,000 | 34,563,000 | 11,647,000 | 5,474,000 | 6,682,000 | 2,101,000 | 1,134,000 | 3,408,000 | 4,553,000 |
| loans | 0 | 0 | 0 | 23,389,000 | 28,548,000 | 0 | 0 | 27,370,000 | 0 | 0 | 0 | 2,071,000 | 0 | 3,304,000 |
| hp & lease commitments | 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 |
| other liabilities | 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 |
| total long term liabilities | 0 | 0 | 0 | 23,389,000 | 28,548,000 | 0 | 0 | 27,370,000 | 0 | 0 | 0 | 2,071,000 | 0 | 3,304,000 |
| total liabilities | 30,804,000 | 28,490,000 | 28,110,000 | 28,761,000 | 29,312,000 | 31,125,000 | 34,563,000 | 39,017,000 | 5,474,000 | 6,682,000 | 2,101,000 | 3,205,000 | 3,408,000 | 7,857,000 |
| net assets | 2,858,000 | -8,423,000 | -6,509,000 | 4,203,000 | 12,241,000 | 11,839,000 | 11,003,000 | 9,173,000 | 3,119,000 | 2,740,000 | 2,116,000 | 1,795,000 | 2,008,000 | -68,000 |
| total shareholders funds | 2,858,000 | -8,423,000 | -6,509,000 | 4,203,000 | 12,241,000 | 11,839,000 | 11,003,000 | 9,173,000 | 3,119,000 | 2,740,000 | 2,116,000 | 1,795,000 | 2,008,000 | -68,000 |
| 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 | 4,180,000 | 469,000 | 783,000 | 392,000 | -137,000 | 551,000 | 510,000 | |||||||
| Depreciation | 1,756,000 | 1,913,000 | 3,153,000 | 7,122,000 | 2,608,000 | 2,608,000 | 2,608,000 | 1,703,000 | 1,087,000 | 972,000 | 619,000 | 619,000 | 852,000 | 883,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | -30,000 | 98,000 | 29,000 | -39,000 | -3,000 | 54,000 | -19,000 | 60,000 | -12,000 | 12,000 | 0 | 0 | 0 | 0 |
| Debtors | 1,552,000 | 3,773,000 | 275,000 | -258,000 | 789,000 | -770,000 | -470,000 | 1,413,000 | 305,000 | 411,000 | -164,000 | 204,000 | -343,000 | 613,000 |
| Creditors | -85,000 | 157,000 | 24,000 | 11,000 | -51,000 | -66,000 | 8,000 | 108,000 | 1,000 | 0 | -3,000 | 3,000 | 0 | 0 |
| Accruals and Deferred Income | 2,249,000 | 528,000 | 351,000 | 0 | -13,000 | 1,000 | -61,000 | 69,000 | 7,000 | -2,000 | 0 | -1,000 | -1,000 | 4,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 7,223,000 | 1,271,000 | 1,330,000 | 1,172,000 | 280,000 | 1,745,000 | 784,000 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | -12,000 | 23,122,000 | 3,808,000 | -28,589,000 | 0 | 24,950,000 | 3,639,000 | 0 | -2,071,000 | 1,454,000 | -2,687,000 | 2,687,000 | 617,000 |
| Group/Directors Accounts | 150,000 | 69,000 | -739,000 | 783,000 | -1,367,000 | -2,935,000 | -2,618,000 | 1,839,000 | -1,216,000 | 6,654,000 | -449,000 | 376,000 | -3,831,000 | 3,932,000 |
| Other Short Term Loans | 0 | -362,000 | -20,000 | 6,000 | -341,000 | -438,000 | 637,000 | 518,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -23,389,000 | -5,159,000 | 28,548,000 | 0 | -27,370,000 | 27,370,000 | 0 | 0 | -2,071,000 | 2,071,000 | -3,304,000 | 3,304,000 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||||
| interest | -2,449,000 | -1,299,000 | -1,815,000 | -1,945,000 | -1,031,000 | -793,000 | -2,349,000 | -1,280,000 | -159,000 | -71,000 | -76,000 | -95,000 | -95,000 | |
| cash flow from financing | -2,299,000 | -1,604,000 | -2,841,000 | -2,506,000 | -2,780,000 | -4,166,000 | -6,750,000 | 37,086,000 | 4,424,000 | -1,137,000 | -316,000 | -3,043,000 | 7,275,000 | |
| cash and cash equivalents | ||||||||||||||
| cash | -785,000 | 45,000 | 1,002,000 | -1,769,000 | 411,000 | 722,000 | 473,000 | 151,000 | -35,000 | 63,000 | 0 | -1,000 | -30,000 | 31,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35,000 | 35,000 | 0 | 0 |
| change in cash | -785,000 | 45,000 | 1,002,000 | -1,769,000 | 411,000 | 722,000 | 473,000 | 151,000 | -35,000 | 63,000 | 35,000 | -36,000 | -30,000 | 31,000 |
offshore support vessels v limited Credit Report and Business Information
Offshore Support Vessels V Limited Competitor Analysis
Perform a competitor analysis for offshore support vessels v limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other large companies, companies in TS17 area or any other competitors across 12 key performance metrics.
offshore support vessels v limited Ownership
OFFSHORE SUPPORT VESSELS V LIMITED group structure
Offshore Support Vessels V Limited has no subsidiary companies.
Ultimate parent company
VROON GROUP BV
#0057312
2 parents
OFFSHORE SUPPORT VESSELS V LIMITED
04241096
offshore support vessels v limited directors
Offshore Support Vessels V Limited currently has 2 directors. The longest serving directors include Mr Graeme Sheach (Apr 2011) and Mr Stuart Thom (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Graeme Sheach | United Kingdom | 58 years | Apr 2011 | - | Director |
| Mr Stuart Thom | Scotland | 62 years | May 2021 | - | Director |
P&L
December 2022turnover
20.7m
+2%
operating profit
16.5m
0%
gross margin
3.5%
-78.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.9m
-1.34%
total assets
33.7m
+0.68%
cash
278k
-0.74%
net assets
Total assets minus all liabilities
offshore support vessels v limited company details
company number
04241096
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
June 2001
age
23
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
offshore support services v limited (July 2007)
viking raasay limited (May 2007)
See moreaccountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
c/o endeavour partnership llp, tobias house, st mark's court, teesside, TS17 6QW
Bank
SANTANDER UK PLC
Legal Advisor
BURNESS PAULL LLP
offshore support vessels v 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 55 charges/mortgages relating to offshore support vessels v limited. Currently there are 17 open charges and 38 have been satisfied in the past.
offshore support vessels v 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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offshore support vessels v limited Companies House Filings - See Documents
| date | description | view/download |
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