spirit energy southern north sea limited

spirit energy southern north sea limited Company Information

Share SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED
Live 
EstablishedMegaRapid

Company Number

05735294

Industry

Support activities for petroleum and natural gas extraction

 

Shareholders

spirit europe limited

Group Structure

View All

Contact

Registered Address

millstream maidenhead road, windsor, berkshire, SL4 5GD

spirit energy southern north sea limited Estimated Valuation

£329.2m

Pomanda estimates the enterprise value of SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED at £329.2m based on a Turnover of £127.1m and 2.59x industry multiple (adjusted for size and gross margin).

spirit energy southern north sea limited Estimated Valuation

£833.9m

Pomanda estimates the enterprise value of SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED at £833.9m based on an EBITDA of £100.9m and a 8.27x industry multiple (adjusted for size and gross margin).

spirit energy southern north sea limited Estimated Valuation

£725.1m

Pomanda estimates the enterprise value of SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED at £725.1m based on Net Assets of £497.3m and 1.46x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Spirit Energy Southern North Sea Limited Overview

Spirit Energy Southern North Sea Limited is a live company located in berkshire, SL4 5GD with a Companies House number of 05735294. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in March 2006, it's largest shareholder is spirit europe limited with a 100% stake. Spirit Energy Southern North Sea Limited is a established, mega sized company, Pomanda has estimated its turnover at £127.1m with rapid growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Spirit Energy Southern North Sea Limited Health Check

Pomanda's financial health check has awarded Spirit Energy Southern North Sea Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

9 Strong

positive_score

1 Regular

positive_score

1 Weak

size

Size

annual sales of £127.1m, make it larger than the average company (£16.6m)

£127.1m - Spirit Energy Southern North Sea Limited

£16.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 52%, show it is growing at a faster rate (3.6%)

52% - Spirit Energy Southern North Sea Limited

3.6% - Industry AVG

production

Production

with a gross margin of 62%, this company has a lower cost of product (25.1%)

62% - Spirit Energy Southern North Sea Limited

25.1% - Industry AVG

profitability

Profitability

an operating margin of 58.8% make it more profitable than the average company (6.5%)

58.8% - Spirit Energy Southern North Sea Limited

6.5% - Industry AVG

employees

Employees

with 588 employees, this is above the industry average (43)

588 - Spirit Energy Southern North Sea Limited

43 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Spirit Energy Southern North Sea Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £216.1k, this is equally as efficient (£216.2k)

£216.1k - Spirit Energy Southern North Sea Limited

£216.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (54 days)

0 days - Spirit Energy Southern North Sea Limited

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (27 days)

0 days - Spirit Energy Southern North Sea Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 19 days, this is less than average (33 days)

19 days - Spirit Energy Southern North Sea Limited

33 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (6 weeks)

30 weeks - Spirit Energy Southern North Sea Limited

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 9.3%, this is a lower level of debt than the average (55.3%)

9.3% - Spirit Energy Southern North Sea Limited

55.3% - Industry AVG

SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED financials

EXPORTms excel logo

Spirit Energy Southern North Sea Limited's latest turnover from December 2023 is £127.1 million and the company has net assets of £497.3 million. According to their latest financial statements, we estimate that Spirit Energy Southern North Sea Limited has 588 employees and maintains cash reserves of £10.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover127,067,000252,758,000142,637,00036,186,00057,843,00088,483,00081,652,00028,349,35036,500,16837,434,10321,034,1216,829,491000
Other Income Or Grants000000000000000
Cost Of Sales48,281,00046,631,00041,434,00051,858,00064,783,00057,882,00062,691,00027,879,15031,958,36431,777,75613,140,0004,116,274000
Gross Profit78,786,000206,127,000101,203,000-15,672,000-6,940,00030,601,00018,961,000470,2004,541,8045,656,3477,894,1212,713,217000
Admin Expenses4,111,0002,563,000-10,996,00014,955,0005,229,0004,385,000-43,264,00053,545,03283,799,08831,520,7447,611,1515,454,7214,284,639-1,353,790854,605
Operating Profit74,675,000203,564,000112,199,000-30,627,000-12,169,00026,216,00062,225,000-53,074,832-79,257,284-25,864,397282,970-2,741,504-4,284,6391,353,790-854,605
Interest Payable595,00040,0001,000300,000459,0001,375,0004,618,00013,075,42715,154,45114,891,4019,475,1355,832,162340,527155,710170,799
Interest Receivable19,499,0003,786,00051,000171,00043,00005,00014,42031,87410,64719,890082,22592,3510
Pre-Tax Profit93,579,000207,310,000112,249,000-30,756,000-12,542,00024,801,00057,607,000-66,129,439-94,379,861-41,022,742-9,172,785-8,583,570-4,325,6241,541,602-1,025,404
Tax-107,748,000-46,472,00091,163,000-19,801,000-7,354,000-15,355,00041,868,00000003,6670-4,7640
Profit After Tax-14,169,000160,838,000203,412,000-50,557,000-19,896,0009,446,00099,475,000-66,129,439-94,379,861-41,022,742-9,172,785-8,579,903-4,325,6241,536,838-1,025,404
Dividends Paid000000000000000
Retained Profit-14,169,000160,838,000203,412,000-50,557,000-19,896,0009,446,00099,475,000-66,129,439-94,379,861-41,022,742-9,172,785-8,579,903-4,325,6241,536,838-1,025,404
Employee Costs000000000000000
Number Of Employees5881,166657158241377111111111
EBITDA*100,866,000230,566,000137,314,000-29,675,00034,509,00067,522,00062,225,000-42,428,671-66,628,041-12,326,16411,876,473-758,459-4,284,6391,353,790-854,605

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets82,670,000101,534,000117,181,000127,404,000191,602,000242,956,000237,662,000209,986,141193,460,570205,764,751170,647,67998,189,365000
Intangible Assets0000130,000109,000585,00009,036,2019,510,59414,055,6069,821,5353,442,8141,433,1980
Investments & Other4,934,00076,032,00091,171,000019,167,00026,519,00041,868,00000000015,634,999
Debtors (Due After 1 year)437,515,000372,731,000140,639,000000000000000
Total Fixed Assets525,119,000550,297,000348,991,000127,404,000191,732,000243,065,000280,115,000209,986,141202,496,771215,275,345184,703,285108,010,9003,442,8141,433,1995,634,999
Stock & work in progress2,552,0002,627,0002,395,000862,000775,000452,000000000000
Trade Debtors144,00094,000159,000150,00035,206,00013,084,000249,0003,508,37018,57354,5284,406,250231,572000
Group Debtors9,067,00028,577,00031,265,00050,886,0000000000007,307,39326,352
Misc Debtors257,000180,000232,000220,000007,409,000731,1992,630,4595,159,0752,561,7913,825,411800,36300
Cash10,632,0007,0008,000177,000382,0001,298,00012,470,0008,777,077417,2571,117,7375,825,3072,741,91732,0751,3961,017
misc current assets405,0000006,446,0000000000000
total current assets23,057,00031,485,00034,059,00052,295,00042,809,00014,834,00020,128,00013,016,6463,066,2896,331,34012,793,3486,798,900832,4387,308,78927,369
total assets548,176,000581,782,000383,050,000179,699,000234,541,000257,899,000300,243,000223,002,787205,563,060221,606,685197,496,633114,809,8004,275,2528,741,9885,662,368
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 12,00018,000005,547,00010,503,00006,622,69111,627,7906,642,1898,473,8303,788,6901,661,0821,413,19840,636
Group/Directors Accounts4,598,0007,298,000059,0000043,090,00065,543,4758,288,56712,276,87911,012,1332,788,3494,364,4316,912,6886,767,232
other short term finances75,0000000000180,336,166198,279,238190,156,794113,891,450000
hp & lease commitments793,000778,000487,000987,000987,0000000000000
other current liabilities12,699,00031,185,0004,452,0002,919,0005,875,000019,379,00019,034,523379,0002,124,981687,850689,5002,184,02524,7640
total current liabilities18,177,00039,279,0004,939,0003,965,00012,409,00010,503,00062,469,00091,200,689200,631,523219,323,287210,330,607121,157,9898,209,5388,350,6506,807,868
loans00004,466,0000000000000
hp & lease commitments330,0001,104,00001,299,0002,233,0000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions32,321,00029,882,00027,432,00027,168,00044,150,00059,352,00029,500,00023,003,00023,003,00011,975,0008,853,0006,166,000000
total long term liabilities32,651,00030,986,00027,432,00028,467,00024,308,00029,676,00029,500,00023,003,00023,003,00011,975,0008,853,0006,166,000000
total liabilities50,828,00070,265,00032,371,00032,432,00036,717,00040,179,00091,969,000114,203,689223,634,523231,298,287219,183,607127,323,9898,209,5388,350,6506,807,868
net assets497,348,000511,517,000350,679,000147,267,000197,824,000217,720,000208,274,000108,799,098-18,071,463-9,691,602-21,686,974-12,514,189-3,934,286391,338-1,145,500
total shareholders funds497,348,000511,517,000350,679,000147,267,000197,824,000217,720,000208,274,000108,799,098-18,071,463-9,691,602-21,686,974-12,514,189-3,934,286391,338-1,145,500
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit74,675,000203,564,000112,199,000-30,627,000-12,169,00026,216,00062,225,000-53,074,832-79,257,284-25,864,397282,970-2,741,504-4,284,6391,353,790-854,605
Depreciation26,191,00027,002,00025,115,000952,00045,911,00041,306,000010,646,16112,629,24313,538,2339,863,7321,983,045000
Amortisation0000767,000000001,729,7710000
Tax-107,748,000-46,472,00091,163,000-19,801,000-7,354,000-15,355,00041,868,00000003,6670-4,7640
Stock-75,000232,0001,533,00087,000323,000452,000000000000
Debtors45,401,000229,287,000121,039,00016,050,00022,122,0005,426,0003,418,4311,590,537-2,564,571-1,754,4382,911,0583,256,620-6,507,0307,281,04126,352
Creditors-6,00018,0000-5,547,000-4,956,00010,503,000-6,622,691-5,005,0994,985,601-1,831,6414,685,1402,127,608247,8841,372,56240,636
Accruals and Deferred Income-18,486,00026,733,0001,533,000-2,956,0005,875,000-19,379,000344,47718,655,523-1,745,9811,437,131-1,650-1,494,5252,159,26124,7640
Deferred Taxes & Provisions2,439,0002,450,000264,000-16,982,000-15,202,00029,852,0006,497,000011,028,0003,122,0002,687,0006,166,000000
Cash flow from operations-68,261,000-16,224,000107,702,000-91,098,000-9,573,00067,265,000100,893,355-30,368,784-49,795,850-7,844,23616,335,9052,787,6714,629,536-4,534,689-840,321
Investing Activities
capital expenditure-7,327,000-11,355,000-14,892,00063,376,0004,655,000-46,124,000-28,260,859-18,135,531149,331-44,110,293-88,285,888-106,551,131-2,009,616-1,433,1980
Change in Investments-71,098,000-15,139,00091,171,000-19,167,000-7,352,000-15,349,00041,868,00000000-1-5,634,9985,634,999
cash flow from investments63,771,0003,784,000-106,063,00082,543,00012,007,000-30,775,000-70,128,859-18,135,531149,331-44,110,293-88,285,888-106,551,131-2,009,6154,201,800-5,634,999
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-2,700,0007,298,000-59,00059,0000-43,090,000-22,453,47557,254,908-3,988,3121,264,7468,223,784-1,576,082-2,548,257145,4566,767,232
Other Short Term Loans 75,000000000-180,336,166-17,943,0728,122,44476,265,344113,891,450000
Long term loans000-4,466,0004,466,0000000000000
Hire Purchase and Lease Commitments-759,0001,395,000-1,799,000-934,0003,220,0000000000000
other long term liabilities000000000000000
share issue000000-98193,000,00086,000,00053,018,1140000-120,096
interest18,904,0003,746,00050,000-129,000-416,000-1,375,000-4,613,000-13,061,007-15,122,577-14,880,754-9,455,245-5,832,162-258,302-63,359-170,799
cash flow from financing15,520,00012,439,000-1,808,000-5,470,0007,270,000-44,465,000-27,066,57356,857,73548,946,03947,524,55075,033,883106,483,206-2,806,55982,0976,476,337
cash and cash equivalents
cash10,625,000-1,000-169,000-205,000-916,000-11,172,0003,692,9238,359,820-700,480-4,707,5703,083,3902,709,84230,6793791,017
overdraft000000000000000
change in cash10,625,000-1,000-169,000-205,000-916,000-11,172,0003,692,9238,359,820-700,480-4,707,5703,083,3902,709,84230,6793791,017

spirit energy southern north sea limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for spirit energy southern north sea limited. Get real-time insights into spirit energy southern north sea limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Spirit Energy Southern North Sea Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for spirit energy southern north sea limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mega companies, companies in SL4 area or any other competitors across 12 key performance metrics.

spirit energy southern north sea limited Ownership

SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED group structure

Spirit Energy Southern North Sea Limited has no subsidiary companies.

Ultimate parent company

2 parents

SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED

05735294

SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED Shareholders

spirit europe limited 100%

spirit energy southern north sea limited directors

Spirit Energy Southern North Sea Limited currently has 3 directors. The longest serving directors include Mr Girish Kabra (Aug 2022) and Mr Scott McGinigal (Sep 2023).

officercountryagestartendrole
Mr Girish KabraScotland46 years Aug 2022- Director
Mr Scott McGinigal53 years Sep 2023- Director
Mr Nicholas Harrison58 years Jul 2024- Director

P&L

December 2023

turnover

127.1m

-50%

operating profit

74.7m

-63%

gross margin

62.1%

-23.97%

turnover

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

Balance Sheet

December 2023

net assets

497.3m

-0.03%

total assets

548.2m

-0.06%

cash

10.6m

+1517.86%

net assets

Total assets minus all liabilities

spirit energy southern north sea limited company details

company number

05735294

Type

Private limited with Share Capital

industry

09100 - Support activities for petroleum and natural gas extraction

incorporation date

March 2006

age

19

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

bayerngas europe limited (December 2017)

genesis petroleum europe limited (October 2009)

accountant

-

auditor

DELOITTE LLP

address

millstream maidenhead road, windsor, berkshire, SL4 5GD

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

spirit energy southern north sea 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 did not find charges/mortgages relating to spirit energy southern north sea limited.

spirit energy southern north sea 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 SPIRIT ENERGY SOUTHERN NORTH SEA LIMITED. This can take several minutes, an email will notify you when this has completed.

spirit energy southern north sea limited Companies House Filings - See Documents

datedescriptionview/download