tullow oil spe limited
tullow oil spe limited Company Information
Company Number
04609980
Next Accounts
Sep 2025
Shareholders
tullow oil plc
Group Structure
View All
Industry
Extraction of natural gas
+1Registered Address
9 chiswick park, 566 chiswick high road, london, W4 5XT
Website
www.tullowoil.comtullow oil spe limited Estimated Valuation
Pomanda estimates the enterprise value of TULLOW OIL SPE LIMITED at £1.3m based on a Turnover of £1.4m and 0.98x industry multiple (adjusted for size and gross margin).
tullow oil spe limited Estimated Valuation
Pomanda estimates the enterprise value of TULLOW OIL SPE LIMITED at £1.2m based on an EBITDA of £533.3k and a 2.23x industry multiple (adjusted for size and gross margin).
tullow oil spe limited Estimated Valuation
Pomanda estimates the enterprise value of TULLOW OIL SPE LIMITED at £177.6m based on Net Assets of £140.9m and 1.26x industry multiple (adjusted for liquidity).
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Tullow Oil Spe Limited Overview
Tullow Oil Spe Limited is a live company located in london, W4 5XT with a Companies House number of 04609980. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in December 2002, it's largest shareholder is tullow oil plc with a 100% stake. Tullow Oil Spe Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.
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Tullow Oil Spe Limited Health Check
Pomanda's financial health check has awarded Tullow Oil Spe Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
4 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£56.8m)
£1.4m - Tullow Oil Spe Limited
£56.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -81%, show it is growing at a slower rate (14.8%)
-81% - Tullow Oil Spe Limited
14.8% - Industry AVG
Production
with a gross margin of 53.1%, this company has a comparable cost of product (53.1%)
53.1% - Tullow Oil Spe Limited
53.1% - Industry AVG
Profitability
an operating margin of 39% make it more profitable than the average company (29.1%)
39% - Tullow Oil Spe Limited
29.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (40)
- Tullow Oil Spe Limited
40 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Tullow Oil Spe Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £683.7k, this is less efficient (£1.1m)
- Tullow Oil Spe Limited
£1.1m - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Tullow Oil Spe Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Tullow Oil Spe Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tullow Oil Spe Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Tullow Oil Spe Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Tullow Oil Spe Limited
- - Industry AVG
TULLOW OIL SPE LIMITED financials
Tullow Oil Spe Limited's latest turnover from December 2023 is £1.4 million and the company has net assets of £140.9 million. According to their latest financial statements, we estimate that Tullow Oil Spe Limited has 2 employees and maintains cash reserves of £190.1 thousand 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 | 1,367,421 | 1,643,889 | 1,450,411 | 204,950,137 | -132,720,955 | 95,417,222 | 46,773,212 | 52,931,911 | |||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 44,649,523 | 120,926,974 | 22,604,462 | ||||||||||||
| Gross Profit | 1,450,411 | 204,950,137 | 95,417,222 | 2,123,688 | -67,995,064 | 355,587,028 | -39,855,331 | -57,485,841 | -31,882,721 | -22,604,462 | -77,833,041 | ||||
| Admin Expenses | 131,374,359 | -402,353,213 | 46 | ||||||||||||
| Operating Profit | 533,302 | -11,699,654 | -129,923,948 | 204,950,137 | -132,720,955 | 95,417,222 | 2,123,688 | -67,995,064 | 402,353,213 | 355,587,028 | -39,855,331 | -57,485,841 | -31,882,721 | -22,604,462 | -77,833,087 |
| Interest Payable | 159,739 | 684,932 | 1,710,221 | 2,724,125 | 3,265,599 | 1,433,760 | 341,049 | 928,572 | 8,451,450 | 16,396,517 | |||||
| Interest Receivable | 6,954,916 | 2,152,057 | 200,993 | 882 | 469,055 | 1,567 | 2,403 | 3,605 | 230,293 | ||||||
| Pre-Tax Profit | 22,151,272 | -21,038,329 | -85,974,701 | 158,823,581 | -98,676,077 | 137,330,565 | 16,111,512 | 9,894,019 | 307,913,043 | 352,321,429 | -41,289,091 | -57,826,890 | -32,986,027 | -26,439,528 | -122,713,566 |
| Tax | 2,627,238 | 4,727,611 | -8,867,708 | 6,702,135 | 3,120,740 | 15,349,676 | 15,019,599 | -52,614,852 | -11,208,265 | ||||||
| Profit After Tax | 22,151,272 | -18,411,090 | -81,247,090 | 149,955,873 | -91,973,941 | 140,451,305 | 31,461,187 | 24,913,618 | 255,298,192 | 341,113,164 | -41,289,091 | -57,826,890 | -32,986,027 | -26,439,528 | -122,713,566 |
| Dividends Paid | 471,313,153 | ||||||||||||||
| Retained Profit | 22,151,272 | -18,411,090 | -81,247,090 | 149,955,873 | -91,973,941 | 140,451,305 | 31,461,187 | -446,399,535 | 255,298,192 | 341,113,164 | -41,289,091 | -57,826,890 | -32,986,027 | -26,439,528 | -122,713,566 |
| Employee Costs | |||||||||||||||
| Number Of Employees | |||||||||||||||
| EBITDA* | 533,302 | -11,699,654 | -129,923,948 | 204,950,137 | -132,720,955 | 95,417,222 | 2,123,688 | -67,995,064 | 402,353,213 | 355,587,028 | -39,855,331 | -57,485,841 | -31,882,721 | -22,604,462 | -77,833,087 |
* 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 | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 2,276,057 | 2,225,841 | 40,724,751 | 12,185,372 | 23,814,605 | 168,258,561 | 132,452,791 | ||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 2,276,057 | 2,225,841 | 40,724,751 | 12,185,372 | 23,814,605 | 168,258,561 | 132,452,791 | ||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | |||||||||||||||
| Group Debtors | 139,686,616 | 119,223,217 | 152,290,858 | 244,661,547 | 93,862,468 | 137,484,917 | 228,139,069 | 33,353,658 | 646,616,390 | 1,060,481 | 40,014 | ||||
| Misc Debtors | 5,482,305 | 2,912,775 | 24,187,103 | 28,468,316 | 23,987,369 | 34,985,763 | 13,121,921 | 18,298 | |||||||
| Cash | 190,072 | 222,275 | 362,409 | 2,172 | 130,063 | 18,425 | 726 | 7,695 | 32,157 | 3,078 | 1,231 | 27,806 | 172,463 | 100,731 | |
| misc current assets | 1,045,397 | 15,181,361 | 1,814,694 | 71,329,625 | 29,199,712 | 102,865,854 | 312,030,781 | 188,190,339 | |||||||
| total current assets | 140,922,086 | 119,445,492 | 152,653,267 | 265,325,214 | 98,592,110 | 233,131,709 | 285,825,523 | 160,207,607 | 993,640,631 | 202,404,899 | 43,093 | 1,231 | 27,806 | 190,762 | 62,985,653 |
| total assets | 140,922,086 | 119,445,492 | 152,653,267 | 267,601,271 | 100,817,951 | 273,856,460 | 298,010,895 | 184,022,213 | 1,161,899,192 | 334,857,690 | 43,093 | 1,231 | 27,806 | 190,762 | 62,985,653 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | |||||||||||||||
| Group/Directors Accounts | 30,265 | 18,720,660 | 5,167,683 | 324,011,543 | 2,747,674 | 135,846,466 | 101,662,152 | 54,142,465 | 7,654,213 | ||||||
| other short term finances | 6,044,544 | 15,684,405 | 10,692,725 | 2,277,677 | 42,641,993 | 3,279,616 | 1,646,017 | 191,348,448 | |||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 674,677 | 11,036,008 | 5,376,401 | 10,065,146 | 2,008,148 | 434,814 | 52,822,624 | 11,438,149 | 32,747,475 | 27,157,104 | 27,573,091 | 25,504,103 | |||
| total current liabilities | 674,678 | 17,110,818 | 21,060,807 | 20,757,872 | 4,285,826 | 61,362,653 | 8,882,114 | 378,480,185 | 14,185,824 | 168,593,942 | 128,819,256 | 81,715,556 | 33,158,316 | 198,441,691 | |
| loans | 841,838 | 20,673,716 | 7,944,976 | 167,448,249 | |||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 13,139,620 | 11,583,353 | 1,744,916 | 17,254,171 | |||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 841,839 | 20,673,716 | 7,944,977 | 167,448,249 | 13,139,621 | 11,583,354 | 1,744,917 | 17,254,171 | 12,572,286 | ||||||
| total liabilities | 674,678 | 17,110,818 | 21,060,807 | 21,599,710 | 4,285,826 | 82,036,369 | 16,827,091 | 545,928,434 | 14,185,824 | 181,733,563 | 140,402,610 | 83,460,473 | 50,412,487 | 211,013,977 | |
| net assets | 140,922,086 | 118,770,814 | 135,542,449 | 246,540,464 | 79,218,241 | 269,570,634 | 215,974,525 | 167,195,122 | 615,970,758 | 320,671,866 | -181,690,470 | -140,401,379 | -83,432,667 | -50,221,725 | -148,028,324 |
| total shareholders funds | 140,922,086 | 118,770,814 | 135,542,449 | 246,540,464 | 79,218,241 | 269,570,634 | 215,974,525 | 167,195,122 | 615,970,758 | 320,671,866 | -181,690,470 | -140,401,379 | -83,432,667 | -50,221,725 | -148,028,324 |
| 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 | 533,302 | -11,699,654 | -129,923,948 | 204,950,137 | -132,720,955 | 95,417,222 | 2,123,688 | -67,995,064 | 402,353,213 | 355,587,028 | -39,855,331 | -57,485,841 | -31,882,721 | -22,604,462 | -77,833,087 |
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | 2,627,238 | 4,727,611 | -8,867,708 | 6,702,135 | 3,120,740 | 15,349,676 | 15,019,599 | -52,614,852 | -11,208,265 | ||||||
| Stock | |||||||||||||||
| Debtors | 20,463,399 | -33,067,641 | -97,852,995 | 153,368,609 | -64,896,776 | -94,935,366 | 199,266,359 | -624,261,127 | 667,419,752 | 14,142,388 | 40,014 | -18,298 | 18,298 | ||
| Creditors | |||||||||||||||
| Accruals and Deferred Income | -674,677 | -10,361,331 | 5,659,607 | -4,688,745 | 8,056,998 | 2,008,148 | -434,814 | -52,387,810 | 41,384,475 | -21,309,326 | 5,590,371 | -415,987 | 2,068,988 | 25,504,103 | |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -20,604,774 | 13,633,894 | -21,683,735 | 38,025,075 | -53,065,046 | 195,481,476 | -182,227,809 | 518,897,852 | -276,296,916 | 308,927,049 | -34,304,974 | -57,901,828 | -29,795,435 | 2,881,343 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -2,276,057 | 50,215 | -38,498,910 | 28,539,379 | -11,629,233 | -144,443,956 | 35,805,770 | 132,452,791 | |||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -30,265 | 30,265 | -18,720,660 | 13,552,977 | -318,843,860 | 321,263,869 | -133,098,793 | 34,184,314 | 47,519,687 | 46,488,252 | 7,654,213 | ||||
| Other Short Term Loans | -6,044,544 | -9,639,861 | 4,991,680 | 8,415,048 | -40,364,316 | 39,362,377 | 1,633,599 | 1,646,017 | -191,348,448 | 191,348,448 | |||||
| Long term loans | -841,838 | 841,838 | -20,673,716 | 12,728,740 | -159,503,273 | 167,448,249 | |||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -13,139,620 | 1,556,267 | 9,838,437 | -15,509,255 | 17,254,171 | ||||||||||
| share issue | |||||||||||||||
| interest | 6,954,916 | 2,152,057 | 200,993 | -158,857 | 469,055 | 1,567 | -682,529 | -1,710,221 | -2,724,125 | -3,265,599 | -1,433,760 | -341,049 | -924,967 | -8,221,157 | |
| cash flow from financing | 6,954,916 | -2,283,297 | -39,159,528 | 21,357,335 | -88,652,511 | -166,612,321 | 82,279,781 | -480,799,856 | 527,634,710 | 11,745,161 | 34,306,821 | 57,875,253 | 29,829,115 | -50,415,094 | |
| cash and cash equivalents | |||||||||||||||
| cash | -32,202 | -140,134 | 362,409 | -2,172 | -127,892 | 111,638 | 17,699 | -6,969 | -24,461 | 29,078 | 1,847 | -26,575 | -144,657 | 71,732 | 100,731 |
| overdraft | |||||||||||||||
| change in cash | -32,202 | -140,134 | 362,409 | -2,172 | -127,892 | 111,638 | 17,699 | -6,969 | -24,461 | 29,078 | 1,847 | -26,575 | -144,657 | 71,732 | 100,731 |
tullow oil spe limited Credit Report and Business Information
Tullow Oil Spe Limited Competitor Analysis
Perform a competitor analysis for tullow oil spe limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other small companies, companies in W 4 area or any other competitors across 12 key performance metrics.
tullow oil spe limited Ownership
TULLOW OIL SPE LIMITED group structure
Tullow Oil Spe Limited has no subsidiary companies.
tullow oil spe limited directors
Tullow Oil Spe Limited currently has 3 directors. The longest serving directors include Mr Adam Holland (Aug 2019) and Mr Michael Walsh (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Holland | United Kingdom | 44 years | Aug 2019 | - | Director |
| Mr Michael Walsh | England | 58 years | Nov 2020 | - | Director |
| Rachana Patel | 39 years | Dec 2023 | - | Director |
P&L
December 2023turnover
1.4m
-17%
operating profit
533.3k
-105%
gross margin
53.2%
+4.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
140.9m
+0.19%
total assets
140.9m
+0.18%
cash
190.1k
-0.14%
net assets
Total assets minus all liabilities
tullow oil spe limited company details
company number
04609980
Type
Private limited with Share Capital
industry
06200 - Extraction of natural gas
06100 - Extraction of crude petroleum
incorporation date
December 2002
age
23
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
dmwsl 396 limited (March 2003)
accountant
-
auditor
ERNST & YOUNG LLP
address
9 chiswick park, 566 chiswick high road, london, W4 5XT
Bank
J P MORGAN CHASE AND CO
Legal Advisor
DICKSON MINTO W S
tullow oil spe 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 20 charges/mortgages relating to tullow oil spe limited. Currently there are 18 open charges and 2 have been satisfied in the past.
tullow oil spe 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 TULLOW OIL SPE LIMITED. This can take several minutes, an email will notify you when this has completed.
tullow oil spe limited Companies House Filings - See Documents
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