dno north sea plc
dno north sea plc Company Information
Company Number
04622251
Website
http://rocoil.com.auRegistered Address
1 park row, leeds, LS1 5AB
Industry
Extraction of crude petroleum
Telephone
02078399720
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
dno asa 100%
dno north sea plc Estimated Valuation
Pomanda estimates the enterprise value of DNO NORTH SEA PLC at £0 based on a Turnover of £0 and 0.88x industry multiple (adjusted for size and gross margin).
dno north sea plc Estimated Valuation
Pomanda estimates the enterprise value of DNO NORTH SEA PLC at £0 based on an EBITDA of £-67m and a 1.91x industry multiple (adjusted for size and gross margin).
dno north sea plc Estimated Valuation
Pomanda estimates the enterprise value of DNO NORTH SEA PLC at £377m based on Net Assets of £286.9m and 1.31x industry multiple (adjusted for liquidity).
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Dno North Sea Plc Overview
Dno North Sea Plc is a live company located in leeds, LS1 5AB with a Companies House number of 04622251. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in December 2002, it's largest shareholder is dno asa with a 100% stake. Dno North Sea Plc is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.
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Dno North Sea Plc Health Check
Pomanda's financial health check has awarded Dno North Sea Plc a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (2.6%)
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Production
There is insufficient data available for this Key Performance Indicator!
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Profitability
There is insufficient data available for this Key Performance Indicator!
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Employees
with 3 employees, this is below the industry average (54)
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Pay Structure
on an average salary of £111k, the company has an equivalent pay structure (£126.9k)
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Efficiency
There is insufficient data available for this Key Performance Indicator!
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Debtor Days
There is insufficient data available for this Key Performance Indicator!
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Creditor Days
There is insufficient data available for this Key Performance Indicator!
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Stock Days
There is insufficient data available for this Key Performance Indicator!
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Cash Balance
has cash to cover current liabilities for 494 weeks, this is more cash available to meet short term requirements (6 weeks)
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Debt Level
it has a ratio of liabilities to total assets of 19.9%, this is a lower level of debt than the average (68%)
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DNO NORTH SEA PLC financials
Dno North Sea Plc's latest turnover from December 2022 is 0 and the company has net assets of £286.9 million. According to their latest financial statements, Dno North Sea Plc has 3 employees and maintains cash reserves of £18.5 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 | 0 | 0 | 0 | 202,035,000 | 212,104,000 | 152,924,000 | 94,779,000 | 112,980,000 | 128,761,000 | 129,387,000 | 158,792,000 | 80,233,000 | 15,087,000 | 7,005,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 133,264,000 | 112,312,000 | 145,500,000 | 99,589,000 | 144,946,000 | 141,283,000 | 76,451,000 | 97,008,000 | 52,238,000 | 19,999,000 | 12,926,000 | |||
| Gross Profit | 68,771,000 | 99,792,000 | 7,424,000 | -4,810,000 | -31,966,000 | -12,522,000 | 52,936,000 | 61,784,000 | 27,995,000 | -4,912,000 | -5,921,000 | |||
| Admin Expenses | 44,109,000 | 80,947,000 | 8,947,000 | 52,069,000 | 79,388,000 | 140,117,000 | 31,965,000 | 87,367,000 | 12,234,000 | 20,273,000 | 4,991,000 | |||
| Operating Profit | -67,019,000 | -122,227,000 | -92,506,000 | 24,662,000 | 18,845,000 | -1,523,000 | -56,879,000 | -111,354,000 | -152,639,000 | 20,971,000 | -25,583,000 | 15,761,000 | -25,185,000 | -10,912,000 |
| Interest Payable | 11,194,000 | 10,409,000 | 7,006,000 | 28,388,000 | 21,993,000 | 17,006,000 | 6,429,000 | 10,268,000 | 9,515,000 | 12,155,000 | 6,080,000 | 3,834,000 | 2,379,000 | 1,963,000 |
| Interest Receivable | 26,034,000 | 8,400,000 | 10,725,000 | 2,044,000 | 4,112,000 | 4,790,000 | 609,000 | 909,000 | 650,000 | 866,000 | 695,000 | 1,324,000 | 758,000 | 1,135,000 |
| Pre-Tax Profit | -52,179,000 | -124,236,000 | 229,389,000 | -1,863,000 | -4,594,000 | -13,739,000 | -61,595,000 | -122,300,000 | -165,796,000 | 10,024,000 | -28,991,000 | 14,250,000 | -26,040,000 | -11,797,000 |
| Tax | 0 | 0 | 0 | 36,667,000 | 6,506,000 | 2,313,000 | 28,686,000 | 69,382,000 | 110,815,000 | 4,050,000 | 23,813,000 | 33,157,000 | 5,690,000 | 4,885,000 |
| Profit After Tax | -52,179,000 | -124,236,000 | 229,389,000 | 34,804,000 | 1,912,000 | -11,426,000 | -32,909,000 | -52,918,000 | -54,981,000 | 14,074,000 | -5,178,000 | 47,407,000 | -20,350,000 | -6,912,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -52,179,000 | -124,236,000 | 229,389,000 | 34,804,000 | 1,912,000 | -11,426,000 | -32,909,000 | -52,918,000 | -54,981,000 | 14,074,000 | -5,178,000 | 47,407,000 | -20,350,000 | -6,912,000 |
| Employee Costs | 333,000 | 516,000 | 1,993,000 | 18,823,000 | 35,433,000 | 20,165,000 | 17,517,000 | 12,372,000 | 13,704,000 | 13,105,000 | 11,899,000 | 10,579,000 | 7,819,000 | 5,935,000 |
| Number Of Employees | 3 | 5 | 11 | 82 | 86 | 80 | 68 | 67 | 52 | 46 | 40 | 37 | 31 | 28 |
| EBITDA* | -66,959,000 | -122,083,000 | -92,234,000 | 78,376,000 | 21,185,000 | -1,150,000 | -56,504,000 | -72,907,000 | -116,770,000 | 50,648,000 | 8,911,000 | 28,648,000 | -20,174,000 | -3,427,000 |
* 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 | 48,000 | 108,000 | 252,000 | 438,951,000 | 406,229,000 | 319,961,000 | 279,994,000 | 143,507,000 | 169,154,000 | 139,919,000 | 134,140,000 | 105,124,000 | 9,817,000 | 13,720,000 |
| Intangible Assets | 0 | 0 | 0 | 156,386,000 | 72,270,000 | 78,243,000 | 115,120,000 | 73,521,000 | 128,316,000 | 185,805,000 | 145,104,000 | 99,579,000 | 102,688,000 | 65,036,000 |
| Investments & Other | 338,396,000 | 347,292,000 | 271,974,000 | 0 | 0 | 0 | 0 | 12,000 | 12,000 | 13,000 | 13,000 | 13,000 | 13,000 | 14,000 |
| Debtors (Due After 1 year) | 0 | 41,199,000 | 227,152,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 338,444,000 | 388,599,000 | 499,378,000 | 595,337,000 | 478,499,000 | 398,204,000 | 395,114,000 | 217,028,000 | 297,470,000 | 325,724,000 | 279,244,000 | 204,703,000 | 112,505,000 | 78,756,000 |
| Stock & work in progress | 0 | 0 | 0 | 12,049,000 | 12,612,000 | 10,644,000 | 10,456,000 | 5,922,000 | 4,342,000 | 4,890,000 | 4,887,000 | 4,369,000 | 645,000 | 497,000 |
| Trade Debtors | 0 | 0 | 0 | 1,513,000 | 9,022,000 | 17,301,000 | 21,439,000 | 8,410,000 | 10,599,000 | 9,607,000 | 8,425,000 | 0 | 0 | 0 |
| Group Debtors | 60,000 | 19,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,341,000 | 1,833,000 | 2,396,000 | 112,149,000 | 73,475,000 | 120,397,000 | 41,624,000 | 19,554,000 | 25,944,000 | 51,133,000 | 46,967,000 | 59,852,000 | 7,514,000 | 5,983,000 |
| Cash | 18,495,000 | 10,305,000 | 22,166,000 | 61,673,000 | 122,500,000 | 149,084,000 | 96,769,000 | 91,515,000 | 92,571,000 | 40,591,000 | 72,891,000 | 111,589,000 | 132,150,000 | 43,583,000 |
| misc current assets | 0 | 0 | 0 | 121,957,000 | 96,343,000 | 47,436,000 | 41,764,000 | 45,816,000 | 51,941,000 | 23,897,000 | 48,473,000 | 0 | 28,070,000 | 12,658,000 |
| total current assets | 19,896,000 | 12,157,000 | 24,562,000 | 309,341,000 | 313,952,000 | 344,862,000 | 212,052,000 | 171,217,000 | 185,397,000 | 130,118,000 | 181,643,000 | 175,810,000 | 168,379,000 | 62,721,000 |
| total assets | 358,340,000 | 400,756,000 | 523,940,000 | 904,678,000 | 792,451,000 | 743,066,000 | 607,166,000 | 388,245,000 | 482,867,000 | 455,842,000 | 460,887,000 | 380,513,000 | 280,884,000 | 141,477,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,575,000 | 22,699,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55,776,000 | 65,684,000 | 20,993,000 | 51,249,000 | 0 | 0 | 0 |
| Trade Creditors | 140,000 | 56,000 | 30,000 | 19,102,000 | 36,722,000 | 21,569,000 | 13,035,000 | 8,926,000 | 7,873,000 | 26,524,000 | 3,223,000 | 10,158,000 | 7,260,000 | 2,688,000 |
| Group/Directors Accounts | 1,696,000 | 853,000 | 385,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 64,794,000 | 14,056,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 48,000 | 46,000 | 85,000 | 998,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 61,000 | 347,000 | 456,000 | 173,817,000 | 126,917,000 | 136,202,000 | 78,124,000 | 24,181,000 | 26,441,000 | 26,464,000 | 38,721,000 | 39,939,000 | 13,681,000 | 9,766,000 |
| total current liabilities | 1,945,000 | 1,302,000 | 956,000 | 258,711,000 | 177,695,000 | 157,771,000 | 91,159,000 | 88,883,000 | 99,998,000 | 73,981,000 | 93,193,000 | 50,097,000 | 38,516,000 | 35,153,000 |
| loans | 69,501,000 | 60,333,000 | 59,581,000 | 192,182,000 | 155,158,000 | 145,484,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 4,000 | 52,000 | 98,000 | 4,365,000 | 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 | 21,541,000 | 30,894,000 | 31,854,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 565,980,000 | 567,016,000 | 509,394,000 | 538,938,000 | 214,012,000 | 274,816,000 | 292,494,000 | 271,996,000 | 199,204,000 | 122,462,000 | 64,260,000 |
| total long term liabilities | 69,505,000 | 60,385,000 | 59,679,000 | 400,622,000 | 391,981,000 | 359,293,000 | 269,469,000 | 107,006,000 | 137,408,000 | 146,247,000 | 135,998,000 | 99,602,000 | 61,231,000 | 32,130,000 |
| total liabilities | 71,450,000 | 61,687,000 | 60,635,000 | 659,333,000 | 569,676,000 | 517,064,000 | 360,628,000 | 195,889,000 | 237,406,000 | 220,228,000 | 229,191,000 | 149,699,000 | 99,747,000 | 67,283,000 |
| net assets | 286,890,000 | 339,069,000 | 463,305,000 | 245,345,000 | 222,775,000 | 226,002,000 | 246,538,000 | 192,356,000 | 245,461,000 | 235,614,000 | 231,696,000 | 230,814,000 | 181,137,000 | 74,194,000 |
| total shareholders funds | 286,890,000 | 339,069,000 | 463,305,000 | 245,345,000 | 222,775,000 | 226,002,000 | 246,538,000 | 192,356,000 | 245,461,000 | 235,614,000 | 231,696,000 | 230,814,000 | 181,137,000 | 74,194,000 |
| 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 | -67,019,000 | -122,227,000 | -92,506,000 | 24,662,000 | 18,845,000 | -1,523,000 | -56,879,000 | -111,354,000 | -152,639,000 | 20,971,000 | -25,583,000 | 15,761,000 | -25,185,000 | -10,912,000 |
| Depreciation | 60,000 | 144,000 | 272,000 | 48,730,000 | 365,000 | 373,000 | 375,000 | 38,447,000 | 35,869,000 | 29,677,000 | 34,494,000 | 12,887,000 | 5,011,000 | 7,485,000 |
| Amortisation | 0 | 0 | 0 | 4,984,000 | 1,975,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 | 36,667,000 | 6,506,000 | 2,313,000 | 28,686,000 | 69,382,000 | 110,815,000 | 4,050,000 | 23,813,000 | 33,157,000 | 5,690,000 | 4,885,000 |
| Stock | 0 | 0 | -12,049,000 | -563,000 | 1,968,000 | 188,000 | 4,534,000 | 1,580,000 | -548,000 | 3,000 | 518,000 | 3,724,000 | 148,000 | 497,000 |
| Debtors | -41,650,000 | -186,497,000 | 115,886,000 | 31,165,000 | -55,201,000 | 74,635,000 | 35,099,000 | -8,579,000 | -24,197,000 | 5,348,000 | -4,460,000 | 52,338,000 | 1,531,000 | 5,983,000 |
| Creditors | 84,000 | 26,000 | -19,072,000 | -17,620,000 | 15,153,000 | 8,534,000 | 4,109,000 | 1,053,000 | -18,651,000 | 23,301,000 | -6,935,000 | 2,898,000 | 4,572,000 | 2,688,000 |
| Accruals and Deferred Income | -286,000 | -109,000 | -173,361,000 | 46,900,000 | -9,285,000 | 58,078,000 | 53,943,000 | -2,260,000 | -23,000 | -12,257,000 | -1,218,000 | 26,258,000 | 3,915,000 | 9,766,000 |
| Deferred Taxes & Provisions | 0 | 0 | -565,980,000 | -1,036,000 | 57,622,000 | -29,544,000 | 324,926,000 | -60,804,000 | -17,678,000 | 20,498,000 | 72,792,000 | 76,742,000 | 58,202,000 | 64,260,000 |
| Cash flow from operations | -25,511,000 | 64,331,000 | -954,484,000 | 112,685,000 | 144,414,000 | -36,592,000 | 315,527,000 | -58,537,000 | -17,562,000 | 80,889,000 | 101,305,000 | 111,641,000 | 50,526,000 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -8,896,000 | 75,318,000 | 271,974,000 | 0 | 0 | 0 | -12,000 | 0 | -1,000 | 0 | 0 | 0 | -1,000 | 14,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -55,776,000 | -9,908,000 | 44,691,000 | -30,256,000 | 51,249,000 | 0 | 0 | 0 |
| Group/Directors Accounts | 843,000 | 468,000 | 385,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | -64,794,000 | 50,738,000 | 14,056,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 9,168,000 | 752,000 | -132,601,000 | 37,024,000 | 9,674,000 | 145,484,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -46,000 | -85,000 | -5,180,000 | 5,363,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -21,541,000 | -9,353,000 | -960,000 | 31,854,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 14,840,000 | -2,009,000 | 3,719,000 | -26,344,000 | -17,881,000 | -12,216,000 | -5,820,000 | -9,359,000 | -8,865,000 | -11,289,000 | -5,385,000 | -2,510,000 | -1,621,000 | -828,000 |
| cash flow from financing | 24,805,000 | -874,000 | -231,441,000 | 45,194,000 | -250,000 | 156,012,000 | 25,495,000 | -19,454,000 | 100,654,000 | -51,701,000 | 51,924,000 | -240,000 | 125,672,000 | 80,278,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 8,190,000 | -11,861,000 | -39,507,000 | -60,827,000 | -26,584,000 | 52,315,000 | 5,254,000 | -1,056,000 | 51,980,000 | -32,300,000 | -38,698,000 | -20,561,000 | 88,567,000 | 43,583,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17,575,000 | -5,124,000 | 22,699,000 |
| change in cash | 8,190,000 | -11,861,000 | -39,507,000 | -60,827,000 | -26,584,000 | 52,315,000 | 5,254,000 | -1,056,000 | 51,980,000 | -32,300,000 | -38,698,000 | -2,986,000 | 93,691,000 | 20,884,000 |
dno north sea plc Credit Report and Business Information
Dno North Sea Plc Competitor Analysis
Perform a competitor analysis for dno north sea plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
dno north sea plc Ownership
DNO NORTH SEA PLC group structure
Dno North Sea Plc has 3 subsidiary companies.
Ultimate parent company
DNO ASA
#0056194
1 parent
DNO NORTH SEA PLC
04622251
3 subsidiaries
dno north sea plc directors
Dno North Sea Plc currently has 3 directors. The longest serving directors include Mr Christopher Spencer (May 2020) and Mr Haakon Sandborg (Oct 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Spencer | Norway | 57 years | May 2020 | - | Director |
| Mr Haakon Sandborg | Norway | 66 years | Oct 2023 | - | Director |
| Ms Elisabeth Femsteinevik | Norway | 47 years | Jan 2024 | - | Director |
P&L
December 2022turnover
0
0%
operating profit
-67m
-45%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
286.9m
-0.15%
total assets
358.3m
-0.11%
cash
18.5m
+0.79%
net assets
Total assets minus all liabilities
dno north sea plc company details
company number
04622251
Type
Public limited with Share Capital
industry
06100 - Extraction of crude petroleum
incorporation date
December 2002
age
22
accounts
Full Accounts
ultimate parent company
previous names
faroe petroleum plc (May 2019)
faroe petroleum limited (June 2003)
incorporated
UK
address
1 park row, leeds, LS1 5AB
last accounts submitted
December 2022
dno north sea plc 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 16 charges/mortgages relating to dno north sea plc. Currently there are 7 open charges and 9 have been satisfied in the past.
dno north sea plc Companies House Filings - See Documents
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