Medco Energi Thailand (e&p) Limited

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medco energi thailand (e&p) limited Company Information

Live

EstablishedLargeHealthy

Company Number

05372380

Website

https://www.ophir-energy.com

Registered Address

green place rotherfield greys, henley-on-thames, RG9 4PH

Industry

Support activities for petroleum and natural gas extraction

Extraction of crude petroleum

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Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Roberto Lorato5 Years

Craig Stewart5 Years

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Shareholders

salamander energy group ltd 100%

medco energi thailand (e&p) limited Estimated Valuation

£393.2m

Pomanda estimates the enterprise value of MEDCO ENERGI THAILAND (E&P) LIMITED at £393.2m based on an EBITDA of £47.6m and a 8.25x industry multiple (adjusted for size and gross margin).

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Medco Energi Thailand (e&p) Limited is a live company located in henley-on-thames, RG9 4PH with a Companies House number of 05372380. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in February 2005, it's largest shareholder is salamander energy group ltd with a 100% stake. Medco Energi Thailand (e&p) Limited is a established, large sized company, Pomanda has estimated its turnover at £63m with healthy growth in recent years.

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Pomanda's financial health check has awarded Medco Energi Thailand (E&P) 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 Rating4.5out of 5

6 Strong

1 Regular

3 Weak

Size

annual sales of £63m, make it larger than the average company (£29.1m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (2.4%)

EXPORT

Medco Energi Thailand (E&P) Limited's latest turnover from December 2022 is £63 million and the company has net assets of £154.6 million. According to their latest financial statements, we estimate that Medco Energi Thailand (E&P) Limited has 238 employees and maintains cash reserves of £122.9 thousand 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	62,983,747	56,680,638	40,284,332	42,306,903	59,209,434	54,301,851	32,425,056	178,975,885	312,924,550	295,866,139	218,059,392	249,096,641	0	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	37,993,046	38,878,768	43,023,597	29,977,283	35,678,916	38,131,859	28,164,533	140,585,871	164,637,069	142,642,195	148,843,897	130,963,096	0	0
Gross Profit	24,990,701	17,801,870	-2,739,264	12,329,620	23,530,518	16,169,991	4,260,523	38,390,014	148,287,480	153,223,944	69,215,495	118,133,546	0	0
Admin Expenses	1,471,658	546,510	1,917,778	12,457	-19,756,327	-1,453,177	-22,421,989	231,024,888	33,344,388	85,692,327	21,662,297	24,948,892	30,962	51,351
Operating Profit	23,519,043	17,255,360	-4,657,042	12,317,163	43,286,845	17,623,168	26,682,512	-192,634,874	114,943,092	67,531,617	47,553,198	93,184,654	-30,962	-51,351
Interest Payable	6,418,695	1,651,620	2,232,889	8,055,841	7,580,506	5,961,708	7,094,227	9,418,766	15,457,903	7,126,273	6,004,979	4,071,419	0	0
Interest Receivable	6,768,011	9,383,362	2,198	101,861	26,639	0	0	0	1,507	3,891	1,778	25,886	0	0
Pre-Tax Profit	23,868,359	24,987,103	-6,887,733	4,363,183	35,465,800	12,201,394	19,135,168	-203,865,358	100,603,000	58,219,729	34,516,033	83,603,478	-54,108,614	2,050,196
Tax	-17,441,578	-14,596,969	20,542,283	-7,788,363	-12,471,206	-23,681,807	-15,532,470	63,511,362	-115,435,291	-102,931,448	-43,251,734	-95,170,583	0	0
Profit After Tax	6,426,781	10,390,134	13,654,551	-3,425,180	22,994,594	-11,480,413	3,602,699	-140,353,996	-14,832,291	-44,711,719	-8,735,700	-11,567,105	-54,108,614	2,050,196
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	6,426,781	10,390,134	13,654,551	-3,425,180	22,994,594	-11,480,413	3,602,699	-140,353,996	-14,832,291	-44,711,719	-8,735,700	-11,567,105	-54,108,614	2,050,196
Employee Costs	19,117,046	18,587,606	13,197,462	12,787,183	0	1,079,068	4,750,441	7,059,051	84,143,131	0	0	61,904,435	0	0
Number Of Employees	238	238	177	170	243	22	62	65	1,189	1,147	868	1,001	1	0
EBITDA*	47,637,260	41,831,372	-4,657,042	12,317,163	43,286,845	37,474,165	82,638,963	-107,499,614	193,230,572	139,450,678	104,949,914	162,354,307	22,292	66,757

* 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	80,519,123	292,805,900	286,382,823	309,015,096	317,205,986	326,600,176	326,674,845	365,013,913	525,249,114	396,837,668	324,661,846	337,237,488	269,270,543	68,300,918
Intangible Assets	0	0	0	0	0	0	3,460,860	34,498,377	134,001,658	149,400,091	150,686,978	123,676,490	8,650,690	9,787,535
Investments & Other	194,022,803	193,412,864	175,837,608	175,837,608	188,002,820	192,219,818	200,495,284	59,549,389	53,728,800	31,351,579	0	0	269,127,499	68,181,525
Debtors (Due After 1 year)	31,085,954	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	305,627,881	292,805,900	286,382,822	309,015,095	317,205,986	326,600,176	330,135,704	399,512,289	659,250,772	546,237,758	475,348,823	460,913,978	277,921,233	78,088,452
Stock & work in progress	6,960,459	6,521,038	6,385,754	4,863,696	4,552,221	4,893,855	7,303,534	15,217,962	17,851,812	17,490,109	16,325,647	36,614,894	476,809	0
Trade Debtors	0	0	0	0	0	0	0	16,849,590	25,711,163	14,446,462	23,960,050	6,028,143	0	0
Group Debtors	0	0	207,365,528	1,121,207	1,704,144	2,304,734	3,084,413	18,839,078	54,633,300	10,885,271	6,907,711	12,884,640	1,295,436	2,310,803
Misc Debtors	9,141,263	9,706,593	5,024,915	6,069,177	6,333,934	1,116,718	893,199	1,405,936	2,568,779	11,920,357	12,988,560	24,670,781	772,803	507,092
Cash	122,908	4,723,520	1,162,245	94,533	16,330,799	20,052,070	33,606,532	39,962,899	38,802,291	69,174,395	78,723,252	29,236,691	827,915	329,289
misc current assets	0	0	0	2,931	7,148,789	7,305,936	6,992,256	7,049,003	0	0	8,653,903	0	0	0
total current assets	16,224,630	20,951,153	219,938,443	12,151,546	36,069,890	35,673,316	51,879,936	99,324,471	139,567,348	123,916,596	147,559,125	109,435,152	3,372,964	3,147,185
total assets	321,852,511	313,757,053	506,321,265	321,166,641	353,275,876	362,273,492	382,015,640	498,836,760	798,818,120	670,154,354	622,907,948	570,349,130	281,294,197	81,235,637
Bank overdraft	0	0	0	0	0	0	0	1	0	1	0	0	0	0
Bank loan	0	0	0	0	0	0	0	28,643,530	57,941,509	5,080,744	123,881	11,484,800	0	0
Trade Creditors	0	0	300,757,731	106,367,434	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	91,026,118	0	0	0	0	1	0	0	0	0	1	0	1	0
other short term finances	0	0	0	0	0	0	7,468,373	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	42,280,261	110,477,187	7,247,545	5,731,349	161,606,203	190,441,398	152,122,210	55,170,040	116,212,405	173,146,118	163,061,464	86,172,838	15,853,611	77,358,623
total current liabilities	133,306,380	110,477,188	308,005,276	112,098,784	161,606,205	190,441,400	159,590,585	83,813,572	174,153,916	178,226,863	163,185,348	97,657,640	15,853,613	77,358,624
loans	0	0	0	0	0	0	122,431,954	169,791,312	257,105,600	336,718,334	290,285,104	227,467,144	0	0
hp & lease commitments	0	0	0	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	0	0	0
other liabilities	0	11,008,383	27,114,172	25,648,541	0	0	0	0	0	0	0	0	0	0
provisions	33,957,305	89,150,410	92,745,126	144,489,226	138,282,534	140,131,378	105,649,006	237,945,586	409,436,948	278,012,840	204,925,610	223,290,852	0	0
total long term liabilities	33,957,306	55,583,588	73,486,736	97,893,155	69,141,267	70,065,689	114,040,481	203,868,449	333,271,274	307,365,587	247,605,358	225,378,999	0	0
total liabilities	167,263,686	166,060,776	381,492,012	209,991,939	230,747,472	260,507,089	273,631,066	287,682,021	507,425,190	485,592,450	410,790,706	323,036,639	15,853,613	77,358,624
net assets	154,588,825	147,696,276	124,829,253	111,174,703	122,528,403	101,766,402	108,384,574	211,154,738	291,392,930	184,561,904	212,117,242	247,312,491	265,440,584	3,877,014
total shareholders funds	154,588,825	147,696,276	124,829,254	111,174,703	122,528,402	101,766,402	108,384,574	211,154,738	291,392,930	184,561,904	212,117,243	247,312,492	265,440,585	3,877,014

	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	23,519,043	17,255,360	-4,657,042	12,317,163	43,286,845	17,623,168	26,682,512	-192,634,874	114,943,092	67,531,617	47,553,198	93,184,654	-30,962	-51,351
Depreciation	24,118,218	24,576,012	0	0	0	19,850,997	16,060,722	0	0	71,919,061	96,023	35,842	53,254	118,108
Amortisation	0	0	0	0	0	0	39,895,729	85,135,260	78,287,480	0	57,300,693	69,133,811	0	0
Tax	-17,441,578	-14,596,969	20,542,283	-7,788,363	-12,471,206	-23,681,807	-15,532,470	63,511,362	-115,435,291	-102,931,448	-43,251,734	-95,170,583	0	0
Stock	439,421	135,284	1,522,058	311,475	-341,634	-2,409,679	-7,914,428	-2,633,850	361,703	1,164,462	-20,289,247	36,138,085	476,809	0
Debtors	30,520,624	-202,683,851	205,200,059	-847,693	4,616,625	-556,159	-33,116,993	-45,818,638	45,661,152	-6,604,230	272,756	41,515,326	-749,656	2,817,895
Creditors	0	-300,757,731	194,390,298	106,367,434	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	-68,196,926	103,229,642	1,516,196	-155,874,854	-28,835,195	38,319,188	96,952,170	-61,042,365	-56,933,713	10,084,654	76,888,626	70,319,227	-61,505,012	77,358,623
Deferred Taxes & Provisions	-55,193,105	-3,594,716	-51,744,100	6,206,692	-1,848,844	34,482,372	-132,296,580	-171,491,362	131,424,108	73,087,230	-18,365,242	223,290,852	0	0
Cash flow from operations	-124,154,393	28,660,165	-46,674,482	-38,235,710	-4,143,391	89,559,756	72,793,504	-228,069,491	106,262,821	125,130,882	140,238,055	283,140,392	-61,209,873	74,607,485
Investing Activities
capital expenditure	188,168,559	-30,999,089	22,632,273	8,190,890	9,394,190	-16,315,468	13,420,133	174,603,222	-191,300,493	-142,807,996	-71,831,561	-252,162,398	-199,886,035	-78,206,560
Change in Investments	609,939	17,575,256	0	-12,165,212	-4,216,998	-8,275,466	140,945,895	5,820,589	22,377,221	31,351,579	0	-269,127,499	200,945,974	68,181,525
cash flow from investments	187,558,620	-48,574,345	22,632,273	20,356,102	13,611,188	-8,040,002	-127,525,762	168,782,633	-213,677,714	-174,159,575	-71,831,561	16,965,101	-400,832,009	-146,388,085
Financing Activities
Bank loans	0	0	0	0	0	0	-28,643,530	-29,297,979	52,860,765	4,956,863	-11,360,919	11,484,800	0	0
Group/Directors Accounts	91,026,118	0	0	0	0	1	0	0	0	0	0	-1	0	0
Other Short Term Loans	0	0	0	0	0	-7,468,373	7,468,373	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-122,431,954	-47,359,358	-87,314,288	-79,612,734	46,433,230	62,817,960	227,467,144	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-11,008,383	-16,105,789	1,465,631	25,648,541	0	0	0	0	0	0	0	0	0	0
share issue	465,768	12,476,888	0	-7,928,519	-2,232,594	4,862,241	-106,372,863	60,115,804	121,663,317	17,156,381	-26,459,549	-6,560,988	315,672,185	1,826,818
interest	349,316	7,731,742	-2,230,691	-7,953,980	-7,553,867	-5,961,708	-7,094,227	-9,418,766	-15,456,396	-7,122,382	-6,003,201	-4,045,533	0	0
cash flow from financing	80,832,819	4,102,841	-765,060	9,766,042	-9,786,461	-130,999,793	-182,001,605	-65,915,229	79,454,952	61,424,092	18,994,291	228,345,422	315,672,185	1,826,818
cash and cash equivalents
cash	-4,600,612	3,561,275	1,067,712	-16,236,266	-3,721,271	-13,554,462	-6,356,367	1,160,608	-30,372,104	-9,548,857	49,486,561	28,408,776	498,626	329,289
overdraft	0	0	0	0	0	0	-1	1	-1	1	0	0	0	0
change in cash	-4,600,612	3,561,275	1,067,712	-16,236,266	-3,721,271	-13,554,462	-6,356,366	1,160,607	-30,372,103	-9,548,858	49,486,561	28,408,776	498,626	329,289

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MEDCO ENERGI THAILAND (E&P) LIMITED group structure

Medco Energi Thailand (E&P) Limited has 3 subsidiary companies.

Ultimate parent company

MEDCO ENERGI GLOBAL PTE LTD

#0122825

SALAMANDER ENERGY GROUP LIMITED

05321519

2 parents

MEDCO ENERGI THAILAND (E&P) LIMITED

05372380

3 subsidiaries

OPHIR (INDONESIA SOUTH EAST SANGATTA) LIMITED

06654227

SALAMANDER ENERGY (S.E. ASIA) LIMITED

05652055

OPHIR INDONESIA (KUTAI) LIMITED

06637474

MEDCO ENERGI THAILAND (E&P) LIMITED Shareholders

salamander energy group ltd

100%

Medco Energi Thailand (E&P) Limited currently has 11 directors. The longest serving directors include Mr Roberto Lorato (May 2019) and Mr Craig Stewart (May 2019).

officer	country	age	start	end	role
Mr Roberto Lorato	England	66 years	May 2019	-	Director
Mr Craig Stewart	England	68 years	May 2019	-	Director
Mr Roberto Lorato	England	66 years	May 2019	-	Director
Mr Roberto Lorato	England	66 years	May 2019	-	Director
Mr Sanjeev Bansal	England	53 years	May 2019	-	Director
Mr Sanjeev Bansal	England	53 years	May 2019	-	Director
Mr Sanjeev Bansal	England	53 years	May 2019	-	Director
Ms Krista	England	49 years	Mar 2020	-	Director
Ms Teo Suang	England	51 years	Mar 2020	-	Director
Ms Teo Suang	England	51 years	Mar 2020	-	Director

P&L

December 2022

turnover

63m

+11%

operating profit

23.5m

+36%

gross margin

39.7%

+26.33%

turnover

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

Balance Sheet

December 2022

net assets

154.6m

+0.05%

total assets

321.9m

+0.03%

cash

122.9k

-0.97%

net assets

Total assets minus all liabilities

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company number

05372380

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

09100 - Support activities for petroleum and natural gas extraction

06100 - Extraction of crude petroleum

incorporation date

February 2005

age

accounts

Full Accounts

ultimate parent company

MEDCO ENERGI GLOBAL PTE LTD

previous names

medco thailand (e&p) limited (September 2019)

ophir thailand (e&p) limited (July 2019)

incorporated

address

green place rotherfield greys, henley-on-thames, RG9 4PH

last accounts submitted

December 2022

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 22 charges/mortgages relating to medco energi thailand (e&p) limited. Currently there are 0 open charges and 22 have been satisfied in the past.

medco energi thailand (e&p) limited Company Information

medco energi thailand (e&p) limited Estimated Valuation

medco energi thailand (e&p) limited Estimated Valuation

medco energi thailand (e&p) limited Estimated Valuation

Medco Energi Thailand (e&p) Limited Overview

Medco Energi Thailand (e&p) Limited Health Check

MEDCO ENERGI THAILAND (E&P) LIMITED financials

medco energi thailand (e&p) limited Credit Report and Business Information

Medco Energi Thailand (e&p) Limited Competitor Analysis

medco energi thailand (e&p) limited Ownership

medco energi thailand (e&p) limited directors

medco energi thailand (e&p) limited company details

medco energi thailand (e&p) limited Charges & Mortgages

medco energi thailand (e&p) limited Companies House Filings - See Documents