solstad offshore service vessel (uk) limited
solstad offshore service vessel (uk) limited Company Information
Company Number
05273987
Website
solstad.noRegistered Address
30 cannon street, london, EC4M 6XH
Industry
Sea and coastal freight water transport
Telephone
-
Next Accounts Due
November 2024
Group Structure
View All
Shareholders
solstad offshore uk ltd 100%
solstad offshore service vessel (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of SOLSTAD OFFSHORE SERVICE VESSEL (UK) LIMITED at £0 based on a Turnover of £0 and 0.77x industry multiple (adjusted for size and gross margin).
solstad offshore service vessel (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of SOLSTAD OFFSHORE SERVICE VESSEL (UK) LIMITED at £0 based on an EBITDA of £-1m and a 2.62x industry multiple (adjusted for size and gross margin).
solstad offshore service vessel (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of SOLSTAD OFFSHORE SERVICE VESSEL (UK) LIMITED at £0 based on Net Assets of £-16.5m and 1.57x industry multiple (adjusted for liquidity).
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Solstad Offshore Service Vessel (uk) Limited Overview
Solstad Offshore Service Vessel (uk) Limited is a dissolved company that was located in london, EC4M 6XH with a Companies House number of 05273987. It operated in the sea and coastal freight water transport sector, SIC Code 50200. Founded in October 2004, it's largest shareholder was solstad offshore uk ltd with a 100% stake. The last turnover for Solstad Offshore Service Vessel (uk) Limited was estimated at £0.
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Solstad Offshore Service Vessel (uk) Limited Health Check
There is insufficient data available to calculate a health check for Solstad Offshore Service Vessel (Uk) Limited. Company Health Check FAQs
0 Strong
0 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - Solstad Offshore Service Vessel (uk) Limited
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Solstad Offshore Service Vessel (uk) Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Solstad Offshore Service Vessel (uk) Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - Solstad Offshore Service Vessel (uk) Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (17)
- Solstad Offshore Service Vessel (uk) Limited
- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Solstad Offshore Service Vessel (uk) Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- Solstad Offshore Service Vessel (uk) Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Solstad Offshore Service Vessel (uk) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Solstad Offshore Service Vessel (uk) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Solstad Offshore Service Vessel (uk) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Solstad Offshore Service Vessel (uk) Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 170.2%, this is a higher level of debt than the average (71.9%)
- - Solstad Offshore Service Vessel (uk) Limited
- - Industry AVG
SOLSTAD OFFSHORE SERVICE VESSEL (UK) LIMITED financials
Solstad Offshore Service Vessel (Uk) Limited's latest turnover from December 2019 is 0 and the company has net assets of -£16.5 million. According to their latest financial statements, we estimate that Solstad Offshore Service Vessel (Uk) Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Admin Expenses | 1,032,000 | 20,550,000 | -52,000 | 262,000 | 210,000 | 547,000 | 739,000 | -126,000 | 104,000 | 713,000 | -1,322,000 |
| Operating Profit | -1,032,000 | -20,550,000 | 52,000 | -262,000 | -210,000 | -547,000 | -739,000 | 126,000 | -104,000 | -713,000 | 1,322,000 |
| Interest Payable | 1,393,000 | 1,321,000 | 1,247,000 | 1,390,000 | 1,471,000 | 1,644,000 | 1,048,000 | 310,000 | 384,000 | 512,000 | 860,000 |
| Interest Receivable | 0 | 0 | 0 | 80,000 | 149,000 | 0 | 0 | 0 | 0 | 1,000 | 0 |
| Pre-Tax Profit | -2,425,000 | -21,871,000 | -1,195,000 | -1,572,000 | -1,532,000 | -1,931,000 | 1,200,000 | 6,318,000 | 5,871,000 | 5,337,000 | 6,705,000 |
| Tax | -1,000 | -5,000 | -39,000 | -122,000 | -3,000 | -1,000 | 75,000 | -78,000 | 0 | -2,000 | 0 |
| Profit After Tax | -2,426,000 | -21,876,000 | -1,234,000 | -1,694,000 | -1,535,000 | -1,932,000 | 1,275,000 | 6,240,000 | 5,871,000 | 5,335,000 | 6,705,000 |
| Dividends Paid | 0 | 0 | 0 | 5,697,000 | 0 | 0 | 15,000,000 | 0 | 0 | 0 | 0 |
| Retained Profit | -2,426,000 | -21,876,000 | -1,234,000 | -7,391,000 | -1,535,000 | -1,932,000 | -13,725,000 | 6,240,000 | 5,871,000 | 5,335,000 | 6,705,000 |
| Employee Costs | 0 | 0 | 0 | 0 | |||||||
| Number Of Employees | |||||||||||
| EBITDA* | -1,032,000 | -20,550,000 | 52,000 | -262,000 | -210,000 | -547,000 | -739,000 | 126,000 | -104,000 | -713,000 | 1,322,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 23,466,000 | 24,623,000 | 45,182,000 | 45,182,000 | 45,182,000 | 45,182,000 | 45,182,000 | 45,182,000 | 45,182,000 | 45,182,000 | 45,182,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 23,466,000 | 24,623,000 | 45,182,000 | 45,182,000 | 45,182,000 | 45,182,000 | 45,182,000 | 45,182,000 | 45,182,000 | 45,182,000 | 45,182,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 4,465,000 | 4,314,000 | 6,910,000 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 175,000 |
| Cash | 0 | 0 | 0 | 22,000 | 230,000 | 2,460,000 | 7,201,000 | 3,215,000 | 1,189,000 | 1,145,000 | 1,386,000 |
| misc current assets | 0 | 0 | 13,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 0 | 0 | 13,000 | 22,000 | 4,695,000 | 6,774,000 | 14,111,000 | 3,215,000 | 1,189,000 | 1,145,000 | 1,561,000 |
| total assets | 23,466,000 | 24,623,000 | 45,195,000 | 45,204,000 | 49,877,000 | 51,956,000 | 59,293,000 | 48,397,000 | 46,371,000 | 46,327,000 | 46,743,000 |
| Bank overdraft | 122,000 | 126,000 | 118,000 | 0 | 1,287,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 4,000,000 | 4,000,000 | 4,000,000 | 4,041,000 | 4,137,000 | 4,138,000 | 4,045,000 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 39,766,000 | 38,498,000 | 10,381,000 | 9,503,000 | 2,360,000 | 290,000 | 1,800,000 | 3,111,000 | 2,998,000 | 4,705,000 | 6,877,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 47,000 | 42,000 | 78,000 | 163,000 | 13,000 | 14,000 | 9,000 | 114,000 | 56,000 | 61,000 | 67,000 |
| total current liabilities | 39,935,000 | 38,666,000 | 10,577,000 | 9,666,000 | 7,660,000 | 4,304,000 | 5,809,000 | 7,266,000 | 7,191,000 | 8,904,000 | 10,989,000 |
| loans | 0 | 0 | 26,785,000 | 26,471,000 | 25,759,000 | 29,659,000 | 33,559,000 | 7,481,000 | 11,770,000 | 15,884,000 | 19,550,000 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 26,785,000 | 26,471,000 | 25,759,000 | 29,659,000 | 33,559,000 | 7,481,000 | 11,770,000 | 15,884,000 | 19,550,000 |
| total liabilities | 39,935,000 | 38,666,000 | 37,362,000 | 36,137,000 | 33,419,000 | 33,963,000 | 39,368,000 | 14,747,000 | 18,961,000 | 24,788,000 | 30,539,000 |
| net assets | -16,469,000 | -14,043,000 | 7,833,000 | 9,067,000 | 16,458,000 | 17,993,000 | 19,925,000 | 33,650,000 | 27,410,000 | 21,539,000 | 16,204,000 |
| total shareholders funds | -16,469,000 | -14,043,000 | 7,833,000 | 9,067,000 | 16,458,000 | 17,993,000 | 19,925,000 | 33,650,000 | 27,410,000 | 21,539,000 | 16,204,000 |
| 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 | -1,032,000 | -20,550,000 | 52,000 | -262,000 | -210,000 | -547,000 | -739,000 | 126,000 | -104,000 | -713,000 | 1,322,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,000 | -5,000 | -39,000 | -122,000 | -3,000 | -1,000 | 75,000 | -78,000 | 0 | -2,000 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | 0 | -4,465,000 | 151,000 | -2,596,000 | 6,910,000 | 0 | 0 | -175,000 | 175,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 5,000 | -36,000 | -85,000 | 150,000 | -1,000 | 5,000 | -105,000 | 58,000 | -5,000 | -6,000 | 67,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,028,000 | -20,591,000 | -72,000 | 4,231,000 | -365,000 | 2,053,000 | -7,679,000 | 106,000 | -109,000 | -546,000 | 1,214,000 |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | -1,157,000 | -20,559,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,182,000 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | -4,000,000 | 0 | 0 | -41,000 | -96,000 | -1,000 | 93,000 | 4,045,000 |
| Group/Directors Accounts | 1,268,000 | 28,117,000 | 878,000 | 7,143,000 | 2,070,000 | -1,510,000 | -1,311,000 | 113,000 | -1,707,000 | -2,172,000 | 6,877,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -26,785,000 | 314,000 | 712,000 | -3,900,000 | -3,900,000 | 26,078,000 | -4,289,000 | -4,114,000 | -3,666,000 | 19,550,000 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||
| interest | -1,393,000 | -1,321,000 | -1,247,000 | -1,310,000 | -1,322,000 | -1,644,000 | -1,048,000 | -310,000 | -384,000 | -511,000 | -860,000 |
| cash flow from financing | -125,000 | 11,000 | -55,000 | 2,545,000 | -3,152,000 | -7,054,000 | 23,678,000 | -4,582,000 | -6,206,000 | -6,256,000 | 39,111,000 |
| cash and cash equivalents | |||||||||||
| cash | 0 | 0 | -22,000 | -208,000 | -2,230,000 | -4,741,000 | 3,986,000 | 2,026,000 | 44,000 | -241,000 | 1,386,000 |
| overdraft | -4,000 | 8,000 | 118,000 | -1,287,000 | 1,287,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,000 | -8,000 | -140,000 | 1,079,000 | -3,517,000 | -4,741,000 | 3,986,000 | 2,026,000 | 44,000 | -241,000 | 1,386,000 |
solstad offshore service vessel (uk) limited Credit Report and Business Information
Solstad Offshore Service Vessel (uk) Limited Competitor Analysis
Perform a competitor analysis for solstad offshore service vessel (uk) limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other undefined companies, companies in EC4M area or any other competitors across 12 key performance metrics.
solstad offshore service vessel (uk) limited Ownership
SOLSTAD OFFSHORE SERVICE VESSEL (UK) LIMITED group structure
Solstad Offshore Service Vessel (Uk) Limited has no subsidiary companies.
Ultimate parent company
SOLSTAD OPERATIONS HOLDING AS
#0128127
2 parents
SOLSTAD OFFSHORE SERVICE VESSEL (UK) LIMITED
05273987
solstad offshore service vessel (uk) limited directors
Solstad Offshore Service Vessel (Uk) Limited currently has 3 directors. The longest serving directors include Mr Roger Wilman (Oct 2004) and Mr Graham Dale (Oct 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Roger Wilman | 79 years | Oct 2004 | - | Director | |
| Mr Graham Dale | Scotland | 68 years | Oct 2004 | - | Director |
| Mr Eivind Kvilhaug | Norway | 54 years | Dec 2020 | - | Director |
P&L
December 2019turnover
0
0%
operating profit
-1m
-95%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
-16.5m
+0.17%
total assets
23.5m
-0.05%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
solstad offshore service vessel (uk) limited company details
company number
05273987
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
incorporation date
October 2004
age
20
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2019
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
30 cannon street, london, EC4M 6XH
Bank
DANSKE BANK
Legal Advisor
-
solstad offshore service vessel (uk) 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 12 charges/mortgages relating to solstad offshore service vessel (uk) limited. Currently there are 6 open charges and 6 have been satisfied in the past.
solstad offshore service vessel (uk) limited Companies House Filings - See Documents
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