Gulfsands Petroleum Plc

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gulfsands petroleum plc Company Information

Company Number

05302880

Next Accounts

Jun 2025

Directors

Joseph Darby

John Bell

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Shareholders

fiske nominees limited a/c fiskpool

forest nominees limited a/c gc1

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Group Structure

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Industry

Extraction of crude petroleum

Registered Address

6th floor 60 gracechurch street, london, EC3V 0HR

Website

www.gulfsands.com

gulfsands petroleum plc Estimated Valuation

£92.5m

Pomanda estimates the enterprise value of GULFSANDS PETROLEUM PLC at £92.5m based on Net Assets of £73.4m and 1.26x industry multiple (adjusted for liquidity).

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Gulfsands Petroleum Plc is a live company located in london, EC3V 0HR with a Companies House number of 05302880. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in December 2004, it's largest shareholder is fiske nominees limited a/c fiskpool with a 53.6% stake. Gulfsands Petroleum Plc is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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Pomanda's financial health check has awarded Gulfsands Petroleum Plc a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

1 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Gulfsands Petroleum Plc's latest turnover from December 2023 is 0 and the company has net assets of £73.4 million. According to their latest financial statements, Gulfsands Petroleum Plc has 9 employees and maintains cash reserves of £500.4 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												3,288,296	5,169,663	10,702,309	52,680,354
Other Income Or Grants
Cost Of Sales												4,060,361	6,753,187	15,405,649	23,421,118
Gross Profit												-772,065	-1,583,524	-4,703,341	29,259,236
Admin Expenses	2,267,684	964,671	2,318,454	2,062,385	-2,220	3,806,031	2,863,575	14,710,358	52,378,408	8,075,630	16,775,827	14,909,634	32,455,704	18,710,821	11,138,916
Operating Profit	-2,267,684	-964,671	-2,318,454	-2,062,385	2,220	-3,806,031	-2,863,575	-14,710,358	-52,378,408	-8,075,630	-16,775,827	-15,681,699	-34,039,228	-23,414,162	18,120,320
Interest Payable	1,480,054	1,165,316	50,946	69,762	61	122,249	86,895	122,034	145,601	52,158			654	12,253
Interest Receivable					2	22,819	69,515	17,325	10,068	12,353	58,525	219,336	177,182	159,293
Pre-Tax Profit	-4,247,384	-1,177,119	-3,389,131	-3,177,772	1,327	-4,070,090	-3,171,657	-14,881,356	-53,593,556	-8,313,088	-16,690,998	-15,809,791	-34,279,830	28,796,595	17,644,159
Tax					-1								70,288,983	11,608	-7,489
Profit After Tax	-4,247,384	-1,177,119	-3,389,131	-3,177,772	1,326	-4,070,090	-3,171,657	-14,881,356	-53,593,556	-8,313,088	-16,690,998	-15,809,791	36,009,153	28,808,203	17,636,670
Dividends Paid
Retained Profit	-4,247,384	-1,177,119	-3,389,131	-3,177,772	1,326	-4,070,090	-3,171,657	-14,881,356	-53,593,556	-11,043,168	-17,595,186	-15,809,791	36,009,153	28,808,203	17,636,670
Employee Costs	930,836	894,642	1,426,492	1,239,676	1,384	1,860,636	1,567,264	1,983,427	4,040,428	4,271,498	6,155,060	7,548,108	8,924,485	6,971,495	5,804,418
Number Of Employees	9	8	11	11	5	12	18	25	43	52	57	67	48	43	32
EBITDA*	-2,267,684	-964,671	-2,318,454	-2,062,385	2,220	-3,801,956	-2,859,626	-14,656,874	-49,823,420	-6,505,388	-16,406,261	-15,326,081	-33,942,465	-11,982,459	25,717,673

* 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	80,651,507	80,651,507	82,888,565	82,190,682	72,459	83,551,752	80,988,230	77,233,898	81,978,005	78,099,650	88,137,700	72,357,139	78,583,851	47,388,753	55,239,016
Intangible Assets									5,551,425	36,615,195	24,697,837	3,630,461	5,529,258	19,965,175	4,425,237
Investments & Other	80,651,505	80,651,505	82,888,564	82,190,682	72,458	83,537,081	80,970,059	77,212,805	81,854,863	77,904,055	79,659,366	64,243,434	69,280,810	6,193,086	7,482,526
Debtors (Due After 1 year)
Total Fixed Assets	80,651,506	80,651,506	82,888,565	82,190,682	72,458	83,551,752	80,988,229	77,233,898	87,529,429	114,714,844	112,835,536	75,987,600	84,113,108	67,353,927	59,664,253
Stock & work in progress								822,598	848,822	1,620,341	1,477,608	1,699,128	1,876,430	2,580,936	2,599,226
Trade Debtors											178,865	33,924		14,909,712	9,493,884
Group Debtors										42,550	902,216	3,020,997	1,833,278	1,467,818	1,990,139
Misc Debtors	187,268	154,221	171,437	229,332	166	198,044	302,551	128,813	611,833	662,960	1,248,109	1,951,804	1,662,634	6,554,881	2,162,381
Cash	500,432	871,823	715,672	793,841	1,563	1,368,378	1,367,406	780,414	325,278	5,426,532	22,242,388	53,215,183	81,229,159	51,996,001	35,960,434
misc current assets														11,793,499
total current assets	687,702	1,026,045	887,110	1,023,174	1,731	1,566,422	1,669,958	1,731,827	1,785,936	7,752,385	26,049,188	59,921,039	86,601,504	89,302,851	52,206,066
total assets	81,339,208	81,677,551	83,775,675	83,213,856	74,189	85,118,174	82,658,187	78,965,725	89,315,365	122,467,229	138,884,724	135,908,639	170,714,612	156,656,778	111,870,319
Bank overdraft
Bank loan
Trade Creditors	47,211	33,834	45,285	82,592	46	129,584	184,059	237,288	1,188,042	560,016	2,011,574	600,105	322,981	6,964,401	4,201,198
Group/Directors Accounts					1	1		1
other short term finances		10,512,235		8,915,082					11,157,063
hp & lease commitments
other current liabilities	4,755,684	391,061	251,496	926,950	706	5,915,238	5,954,656	5,538,981	3,588,134	3,874,818	9,705,397	7,665,086	11,558,679	18,330,322	6,466,549
total current liabilities	4,802,896	10,937,131	296,781	9,924,625	754	6,044,825	6,138,716	5,776,271	15,933,240	4,434,836	11,716,972	8,265,193	11,881,661	25,294,725	10,667,748
loans					6,070	13,574,572	5,442,766			6,663,920
hp & lease commitments
Accruals and Deferred Income					1,033	1,362,673	1,310,530	1,169,868	1,188,042	2,885,182	2,806,602
other liabilities	3,136,360	2,997,875	12,901,503	2,580,386	1,321	1,528,117	1,504,068	1,425,988	1,466,078	1,354,745	1,240,875
provisions										544,916	13,912,014	17,908,404	19,284,732	26,677,414	34,868,946
total long term liabilities	3,136,360	2,997,875	12,901,504	2,580,386	8,424	9,678,076	5,535,982	2,595,856	2,654,120	7,844,348	11,003,485	8,954,202	9,642,366	13,338,707	17,434,473
total liabilities	7,939,256	13,935,006	13,198,285	12,505,011	9,178	15,722,901	11,674,698	8,372,127	18,587,360	12,279,184	22,720,457	17,219,395	21,524,027	38,633,432	28,102,221
net assets	73,399,952	67,742,544	70,577,389	70,708,845	65,011	69,395,273	70,983,490	70,593,598	70,728,004	110,188,045	116,164,266	118,689,244	149,190,585	118,023,346	83,768,098
total shareholders funds	73,399,953	67,742,545	70,577,390	70,708,845	65,011	69,395,273	70,983,490	70,593,597	70,728,005	110,188,045	116,164,266	118,689,244	149,190,585	118,023,346	83,768,098

	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	-2,267,684	-964,671	-2,318,454	-2,062,385	2,220	-3,806,031	-2,863,575	-14,710,358	-52,378,408	-8,075,630	-16,775,827	-15,681,699	-34,039,228	-23,414,162	18,120,320
Depreciation						4,075	3,950	53,484	113,848	1,538,673	169,001	71,942	64,727	11,233,716	7,597,354
Amortisation									2,441,140	31,569	200,565	283,675	32,036	197,987
Tax					-1								70,288,983	11,608	-7,489
Stock							-822,598	-26,224	-771,519	142,733	-221,520	-177,302	-704,506	-18,290	2,599,226
Debtors	33,047	-17,216	-57,895	229,166	-197,878	-104,507	173,738	-483,020	-93,677	-1,623,680	-2,677,536	1,510,813	-19,436,500	9,286,008	13,646,405
Creditors	13,376	-11,451	-37,306	82,546	-129,538	-54,474	-53,229	-950,754	628,026	-1,451,557	1,411,468	277,124	-6,641,420	2,763,203	4,201,198
Accruals and Deferred Income	4,364,623	139,565	-675,454	925,211	-7,276,172	12,725	556,337	1,932,673	-1,983,824	-5,751,999	4,846,913	-3,893,593	-6,771,643	11,863,773	6,466,549
Deferred Taxes & Provisions									-544,916	-13,367,098	-3,996,390	-1,376,328	-7,392,682	-8,191,532	34,868,946
Cash flow from operations	2,077,268	-819,341	-2,973,319	-1,283,794	-7,205,613	-3,739,198	-1,707,657	-13,165,711	-50,858,938	-25,595,095	-11,245,214	-21,652,390	35,681,779	-14,803,125	55,001,247
Investing Activities
capital expenditure		2,237,058	-697,883	-82,118,223	83,479,293	-2,567,597	-3,758,282	10,242,048	24,630,427	-3,449,550	-37,217,502	7,769,891	-16,855,944	-19,121,378	-67,261,607
Change in Investments		-2,237,059	697,882	82,118,224	-83,464,623	2,567,022	3,757,254	-4,642,058	3,950,808	-1,755,311	15,415,932	-5,037,376	63,087,724	-1,289,440	7,482,526
cash flow from investments		4,474,117	-1,395,765	-164,236,447	166,943,916	-5,134,619	-7,515,536	14,884,106	20,679,619	-1,694,239	-52,633,434	12,807,267	-79,943,668	-17,831,938	-74,744,133
Financing Activities
Bank loans
Group/Directors Accounts				-1				1
Other Short Term Loans	-10,512,235	10,512,235	-8,915,082	8,915,082				-11,157,063	11,157,063
Long term loans				-6,070	-13,568,502	8,131,806	5,442,766		-6,663,920	6,663,920
Hire Purchase and Lease Commitments
other long term liabilities	138,485	-9,903,628	10,321,117	2,579,065	-1,526,796	24,049	78,080	-40,090	111,333	113,870	1,240,875
share issue	9,904,792	-1,657,726	3,257,676	73,821,606	-69,331,588	2,481,873	3,561,550	14,746,948	14,133,516	5,066,946	15,070,209	-14,691,550	-4,841,914	5,447,045	66,131,428
interest	-1,480,054	-1,165,316	-50,946	-69,762	-59	-99,430	-17,380	-104,709	-135,533	-39,805	58,525	219,336	176,528	147,040
cash flow from financing	-1,949,012	-2,214,435	4,612,765	85,239,920	-84,426,945	10,538,298	9,065,016	3,445,087	18,602,459	11,804,931	16,369,609	-14,472,214	-4,665,386	5,594,085	66,131,428
cash and cash equivalents
cash	-371,391	156,151	-78,169	792,278	-1,366,815	972	586,992	455,136	-5,101,254	-16,815,856	-30,972,795	-28,013,976	29,233,158	16,035,567	35,960,434
overdraft
change in cash	-371,391	156,151	-78,169	792,278	-1,366,815	972	586,992	455,136	-5,101,254	-16,815,856	-30,972,795	-28,013,976	29,233,158	16,035,567	35,960,434

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for gulfsands petroleum plc by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mature companies, companies in EC3V area or any other competitors across 12 key performance metrics.

GULFSANDS PETROLEUM PLC group structure

Gulfsands Petroleum Plc has no subsidiary companies.

Ultimate parent company

GULFSANDS PETROLEUM PLC

05302880

GULFSANDS PETROLEUM PLC Shareholders

fiske nominees limited a/c fiskpool	53.62%
forest nominees limited a/c gc1	22.22%
waterford finance & investment limited	3.55%
secure nominees limited a/c svclt	3.12%
robert thomas quested	2.98%
abdul rahman mohd abdullah kayed	2.26%
huntress (ci) nominees limited a/c kgclt	1.81%
al-mashrek global invest limited	1.38%
mr mahdi sajjad	0.85%
chase nominees limited a/c norbank	0.81%

Gulfsands Petroleum Plc currently has 5 directors. The longest serving directors include Mr Joseph Darby (Nov 2012) and Mr John Bell (Aug 2014).

officer	country	age	start	end	role
Mr Joseph Darby		76 years	Nov 2012	-	Director
Mr John Bell	United Kingdom	59 years	Aug 2014	-	Director
Mr Andrew Morris	United Kingdom	56 years	Apr 2015	-	Director
Mr Mikhail Kroupeev	United Kingdom	58 years	Oct 2016	-	Director
Mr James Ede-Golightly	United States	46 years	Feb 2025	-	Director

P&L

December 2023

turnover

operating profit

-2.3m

+135%

gross margin

turnover

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

Balance Sheet

December 2023

net assets

73.4m

+0.08%

total assets

81.3m

cash

500.4k

-0.43%

net assets

Total assets minus all liabilities

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company number

05302880

Type

Public limited with Share Capital

industry

06100 - Extraction of crude petroleum

incorporation date

December 2004

ultimate parent company

None

previous names

N/A

address

6th floor 60 gracechurch street, london, EC3V 0HR

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gulfsands petroleum plc Company Information

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gulfsands petroleum plc Estimated Valuation

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