spirit energy north sea limited

spirit energy north sea limited Company Information

Share SPIRIT ENERGY NORTH SEA LIMITED
Live 
MatureMegaRapid

Company Number

04594558

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 north sea limited Estimated Valuation

£3.1b

Pomanda estimates the enterprise value of SPIRIT ENERGY NORTH SEA LIMITED at £3.1b based on a Turnover of £459.1m and 6.8x industry multiple (adjusted for size and gross margin).

spirit energy north sea limited Estimated Valuation

£15.5b

Pomanda estimates the enterprise value of SPIRIT ENERGY NORTH SEA LIMITED at £15.5b based on an EBITDA of £1.1b and a 14.66x industry multiple (adjusted for size and gross margin).

spirit energy north sea limited Estimated Valuation

£393.5m

Pomanda estimates the enterprise value of SPIRIT ENERGY NORTH SEA LIMITED at £393.5m based on Net Assets of £299.5m and 1.31x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Spirit Energy North Sea Limited Overview

Spirit Energy North Sea Limited is a live company located in berkshire, SL4 5GD with a Companies House number of 04594558. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in November 2002, it's largest shareholder is spirit energy limited with a 100% stake. Spirit Energy North Sea Limited is a mature, mega sized company, Pomanda has estimated its turnover at £459.1m with rapid growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Spirit Energy North Sea Limited Health Check

Pomanda's financial health check has awarded Spirit Energy North Sea Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £459.1m, make it larger than the average company (£57.8m)

£459.1m - Spirit Energy North Sea Limited

£57.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (13.3%)

43% - Spirit Energy North Sea Limited

13.3% - Industry AVG

production

Production

with a gross margin of 199.8%, this company has a lower cost of product (42.1%)

199.8% - Spirit Energy North Sea Limited

42.1% - Industry AVG

profitability

Profitability

an operating margin of 196.5% make it more profitable than the average company (30.2%)

196.5% - Spirit Energy North Sea Limited

30.2% - Industry AVG

employees

Employees

with 432 employees, this is above the industry average (54)

432 - Spirit Energy North Sea Limited

54 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Spirit Energy North Sea Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.1m, this is equally as efficient (£1.1m)

£1.1m - Spirit Energy North Sea Limited

£1.1m - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1 days, this is earlier than average (25 days)

1 days - Spirit Energy North Sea Limited

25 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (26 days)

0 days - Spirit Energy North Sea Limited

26 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 23 days, this is in line with average (19 days)

23 days - Spirit Energy North Sea 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 North Sea Limited

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 77.1%, this is a higher level of debt than the average (68.8%)

77.1% - Spirit Energy North Sea Limited

68.8% - Industry AVG

SPIRIT ENERGY NORTH SEA LIMITED financials

EXPORTms excel logo

Spirit Energy North Sea Limited's latest turnover from December 2023 is £459.1 million and the company has net assets of £299.5 million. According to their latest financial statements, we estimate that Spirit Energy North Sea Limited has 432 employees and maintains cash reserves of £1.3 million 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
Turnover459,112,0001,088,385,000563,714,000157,374,000226,889,000357,955,000288,468,00077,266,0000015,00075,0001,029,0001,503,00010,890,000
Other Income Or Grants716,754,000-471,023,0000000000000000
Cost Of Sales258,654,000289,010,0001,181,428,000239,552,00035,178,000326,267,000254,159,00073,550,000001,460,000952,0001,439,0003,233,0004,037,000
Gross Profit917,212,000328,352,000-617,714,000-82,178,000191,711,00031,688,00034,309,0003,716,00000-1,445,000-877,000-410,000-1,730,0006,853,000
Admin Expenses14,887,00076,621,000-447,265,000207,629,000142,882,000-110,077,000185,416,00018,509,0007,274,00017,223,000-415,000688,000513,00000
Operating Profit902,325,000251,731,000-170,449,000-289,807,00048,829,000141,765,000-151,107,000-14,793,000-7,274,000-17,223,000-1,030,000-1,565,000-923,000-1,730,0006,853,000
Interest Payable7,091,0007,322,0004,883,00013,724,00025,805,0008,760,00015,401,0005,998,00024,756,0008,396,00012,522,00012,508,0006,336,000164,0002,973,000
Interest Receivable7,608,0003,117,000208,0002,557,0005,053,0004,986,0002,0000005,0000000
Pre-Tax Profit902,842,000247,526,000-175,124,000-300,974,00027,554,000129,719,000-168,592,000-17,176,000-32,030,000633,104,000-13,547,000-14,073,000-7,259,000-1,894,000477,380,000
Tax-663,359,000-106,069,00069,497,000136,231,000-39,448,000-10,923,00097,307,00040,012,0009,276,000-477,535,00082,925,0006,117,00038,806,0005,584,000-233,970,000
Profit After Tax239,483,000141,457,000-105,627,000-164,743,000-11,894,000118,796,000-71,285,00022,836,000-22,754,000155,569,00069,378,000-7,956,00031,547,0003,690,000243,410,000
Dividends Paid000000000400,000,00000000
Retained Profit239,483,000141,457,000-105,627,000-164,743,000-11,894,000118,796,000-67,822,00022,836,000-22,754,000-244,431,00069,378,000-7,956,00031,547,0003,690,000243,410,000
Employee Costs000027,991,11149,868,44852,686,37818,444,51600086,00096,000125,475,0000
Number Of Employees4329358392422354315081821111230
EBITDA*1,059,043,000458,843,000-38,528,000-177,368,000337,093,000286,399,0002,876,000-14,793,000-7,274,000-17,223,000-1,030,000-1,565,000-665,000-1,663,0006,905,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets508,875,000626,482,0001,037,862,000466,464,000672,761,000842,377,000810,914,0001,090,114,0009,731,0000000249,000316,000
Intangible Assets00036,612,00034,462,00054,266,00052,032,00051,472,00003,209,0005,973,0004,851,0004,189,0003,849,0000
Investments & Other63,939,000644,360,0001,258,000379,00025,628,0004,923,0000000459,622,000459,622,000459,622,000459,622,000459,622,000
Debtors (Due After 1 year)271,909,00046,992,000122,898,00024,638,000000007,556,000438,735,0000000
Total Fixed Assets844,723,0001,317,834,000915,209,000479,092,000707,223,000896,643,000862,946,0001,141,586,0009,731,00010,765,000904,330,000464,473,000463,811,000463,720,000459,938,000
Stock & work in progress16,543,00017,299,00016,599,00013,820,00013,587,00012,648,00011,184,00012,785,0000000000
Trade Debtors1,517,000294,0001,744,000839,0001,330,0001,358,000945,000969,000181,731,000000262,00070,00034,000
Group Debtors65,441,000120,164,000210,425,00029,929,00062,771,00071,596,00068,111,000285,340,0000243,562,000640,0001,012,0008,660,000909,00060,411,000
Misc Debtors7,695,0004,101,0005,011,00011,234,0008,608,0009,725,0008,301,00013,719,0000416,000246,000344,965,000272,143,000140,804,00040,090,000
Cash1,256,000972,000000924,0001,715,00003,394,000115,00097,000214,000211,000231,000165,000
misc current assets372,212,000278,354,000403,0003,279,00083,246,00010,139,0003,753,00038,346,0000000000
total current assets464,664,000421,184,000234,182,00059,101,000169,542,000106,390,00094,009,000351,159,000185,125,000244,093,000983,000346,191,000281,276,000142,014,000100,700,000
total assets1,309,387,0001,739,018,0001,149,391,000538,193,000876,765,0001,003,033,000956,955,0001,492,745,000194,856,000254,858,000905,313,000810,664,000745,087,000605,734,000560,638,000
Bank overdraft672,0000121,000492,0000004,095,0000000000
Bank loan000000000000000
Trade Creditors 75,0006,313,0002,665,0001,574,0006,660,00011,206,0009,275,0004,167,0006,294,000000000
Group/Directors Accounts92,865,000121,817,000000000035,716,000460,875,000417,334,000413,544,000305,533,000122,403,000
other short term finances141,265,000617,471,0000000000000000
hp & lease commitments5,165,0004,570,0003,811,0005,716,0004,318,0000000000000
other current liabilities152,736,00056,448,000770,448,000237,477,000402,144,000502,584,000545,164,000848,627,00058,241,00061,158,00053,903,00071,563,0001,499,0001,332,000143,234,000
total current liabilities392,778,000806,619,000777,045,000245,259,000413,122,000513,790,000554,439,000856,889,00064,535,00096,874,000514,778,000488,897,000415,043,000306,865,000265,637,000
loans9,698,000691,572,000240,816,00045,386,00017,553,0006,075,000693,00000000000
hp & lease commitments2,730,0004,196,000955,0008,197,0008,707,0000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000004,280,0004,195,0004,601,0000
provisions604,683,000175,796,000452,344,000492,876,000543,584,000575,102,000663,222,000988,860,00020,814,00015,406,0003,956,0000004,502,000
total long term liabilities617,111,000871,564,000466,033,000283,627,000280,638,000293,626,000332,304,000494,430,00010,407,00015,406,0003,956,0004,280,0004,195,0004,601,0004,502,000
total liabilities1,009,889,0001,678,183,0001,243,078,000528,886,000693,760,000807,416,000886,743,0001,351,319,00074,942,000112,280,000518,734,000493,177,000419,238,000311,466,000270,139,000
net assets299,498,00060,835,000-93,687,0009,307,000183,005,000195,617,00070,212,000141,426,000119,914,000142,578,000386,579,000317,487,000325,849,000294,268,000290,499,000
total shareholders funds299,498,00060,835,000-93,687,0009,307,000183,005,000195,617,00070,212,000141,426,000119,914,000142,578,000386,579,000317,487,000325,849,000294,268,000290,499,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit902,325,000251,731,000-170,449,000-289,807,00048,829,000141,765,000-151,107,000-14,793,000-7,274,000-17,223,000-1,030,000-1,565,000-923,000-1,730,0006,853,000
Depreciation156,718,000207,112,000118,693,000112,439,000264,677,000135,835,000153,983,00000000258,00067,00052,000
Amortisation0013,228,000023,587,0008,799,000000000000
Tax-663,359,000-106,069,00069,497,000136,231,000-39,448,000-10,923,00097,307,00040,012,0009,276,000-477,535,00082,925,0006,117,00038,806,0005,584,000-233,970,000
Stock-756,000700,0002,779,000233,000939,0001,464,000-1,601,00012,785,0000000000
Debtors175,011,000-168,527,000273,438,000-6,069,000-9,970,0005,322,000-222,671,000118,297,000-69,803,000-188,087,00093,644,00064,912,000139,282,00041,248,000100,535,000
Creditors-6,238,0003,648,0001,091,000-5,086,000-4,546,0001,931,0005,108,000-2,127,0006,294,000000000
Accruals and Deferred Income96,288,000-714,000,000532,971,000-164,667,000-100,440,000-42,580,000-303,463,000790,386,000-2,917,0007,255,000-17,660,00070,064,000167,000-141,902,000143,234,000
Deferred Taxes & Provisions428,887,000-276,548,000-40,532,000-50,708,000-31,518,000-88,120,000-325,638,000968,046,0005,408,00011,450,0003,956,00000-4,502,0004,502,000
Cash flow from operations740,366,000-466,299,000248,282,000-255,762,000170,172,000139,921,000-299,538,0001,650,442,00080,590,000-287,966,000-25,453,0009,704,000-100,974,000-183,731,000-179,864,000
Investing Activities
capital expenditure-39,111,000204,268,000-666,707,00091,708,000-98,844,000-178,331,000124,657,000-1,131,855,000-6,522,0002,764,000-1,122,000-662,000-349,000-3,849,000-368,000
Change in Investments-580,421,000643,102,000879,000-25,249,00020,705,0004,923,000000-459,622,0000000459,622,000
cash flow from investments541,310,000-438,834,000-667,586,000116,957,000-119,549,000-183,254,000124,657,000-1,131,855,000-6,522,000462,386,000-1,122,000-662,000-349,000-3,849,000-459,990,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-28,952,000121,817,000000000-35,716,000-425,159,00043,541,0003,790,000108,011,000183,130,000122,403,000
Other Short Term Loans -476,206,000617,471,0000000000000000
Long term loans-681,874,000450,756,000195,430,00027,833,00011,478,0005,382,000693,00000000000
Hire Purchase and Lease Commitments-871,0004,000,000-9,147,000888,00013,025,0000000000000
other long term liabilities0000000000-4,280,00085,000-406,0004,601,0000
share issue-820,00013,065,0002,633,000-8,955,000-718,0006,609,000-3,392,000-1,324,00090,000430,000-286,000-406,00034,00079,00047,089,000
interest517,000-4,205,000-4,675,000-11,167,000-20,752,000-3,774,000-15,399,000-5,998,000-24,756,000-8,396,000-12,517,000-12,508,000-6,336,000-164,000-2,973,000
cash flow from financing-1,188,206,0001,202,904,000184,241,0008,599,0003,033,0008,217,000-18,098,000-7,322,000-60,382,000-433,125,00026,458,000-9,039,000101,303,000187,646,000166,519,000
cash and cash equivalents
cash284,000972,00000-924,000-791,0001,715,000-3,394,0003,279,00018,000-117,0003,000-20,00066,000165,000
overdraft672,000-121,000-371,000492,00000-4,095,0004,095,0000000000
change in cash-388,0001,093,000371,000-492,000-924,000-791,0005,810,000-7,489,0003,279,00018,000-117,0003,000-20,00066,000165,000

spirit energy north sea limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for spirit energy north sea limited. Get real-time insights into spirit energy north sea limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Spirit Energy North Sea Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for spirit energy north sea 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 north sea limited Ownership

SPIRIT ENERGY NORTH SEA LIMITED group structure

Spirit Energy North Sea Limited has no subsidiary companies.

Ultimate parent company

2 parents

SPIRIT ENERGY NORTH SEA LIMITED

04594558

SPIRIT ENERGY NORTH SEA LIMITED Shareholders

spirit energy limited 100%

spirit energy north sea limited directors

Spirit Energy North Sea Limited currently has 3 directors. The longest serving directors include Mr Girish Kabra (Aug 2022) and Mr Scott McGinigal (Sep 2023).

officercountryagestartendrole
Mr Girish KabraScotland46 years Aug 2022- Director
Mr Scott McGinigal53 years Sep 2023- Director
Mr Nicholas Harrison58 years Jul 2024- Director

P&L

December 2023

turnover

459.1m

-58%

operating profit

902.3m

+258%

gross margin

199.8%

+562.21%

turnover

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

Balance Sheet

December 2023

net assets

299.5m

+3.92%

total assets

1.3b

-0.25%

cash

1.3m

+0.29%

net assets

Total assets minus all liabilities

spirit energy north sea limited company details

company number

04594558

Type

Private limited with Share Capital

industry

06100 - Extraction of crude petroleum

incorporation date

November 2002

age

23

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

centrica north sea limited (December 2017)

centrica (horne & wren) limited (November 2015)

accountant

-

auditor

DELOITTE LLP

address

millstream maidenhead road, windsor, berkshire, SL4 5GD

Bank

HBOS PLC

Legal Advisor

-

spirit energy north sea 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 north sea limited.

spirit energy north sea 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.

Click to start generating capital raising & share issue transactions for SPIRIT ENERGY NORTH SEA LIMITED. This can take several minutes, an email will notify you when this has completed.

spirit energy north sea limited Companies House Filings - See Documents

datedescriptionview/download