moray offshore windfarm (east) limited
moray offshore windfarm (east) limited Company Information
Company Number
07101438
Website
www.morayoffshore.comRegistered Address
shepherd and wedderburn llp, octagon point, london, EC2V 6AA
Industry
Production of electricity
Telephone
01315567602
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
moray east holdings limited 100%
moray offshore windfarm (east) limited Estimated Valuation
Pomanda estimates the enterprise value of MORAY OFFSHORE WINDFARM (EAST) LIMITED at £699.4m based on a Turnover of £261.8m and 2.67x industry multiple (adjusted for size and gross margin).
moray offshore windfarm (east) limited Estimated Valuation
Pomanda estimates the enterprise value of MORAY OFFSHORE WINDFARM (EAST) LIMITED at £1.1b based on an EBITDA of £141.6m and a 7.64x industry multiple (adjusted for size and gross margin).
moray offshore windfarm (east) limited Estimated Valuation
Pomanda estimates the enterprise value of MORAY OFFSHORE WINDFARM (EAST) LIMITED at £579.5m based on Net Assets of £450.2m and 1.29x industry multiple (adjusted for liquidity).
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Moray Offshore Windfarm (east) Limited Overview
Moray Offshore Windfarm (east) Limited is a live company located in london, EC2V 6AA with a Companies House number of 07101438. It operates in the production of electricity sector, SIC Code 35110. Founded in December 2009, it's largest shareholder is moray east holdings limited with a 100% stake. Moray Offshore Windfarm (east) Limited is a established, mega sized company, Pomanda has estimated its turnover at £261.8m with unknown growth in recent years.
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Moray Offshore Windfarm (east) Limited Health Check
Pomanda's financial health check has awarded Moray Offshore Windfarm (East) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
4 Weak
Size
annual sales of £261.8m, make it larger than the average company (£1.7m)
£261.8m - Moray Offshore Windfarm (east) Limited
£1.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Moray Offshore Windfarm (east) Limited
- - Industry AVG
Production
with a gross margin of 40.6%, this company has a higher cost of product (71.8%)
40.6% - Moray Offshore Windfarm (east) Limited
71.8% - Industry AVG
Profitability
an operating margin of 16.4% make it less profitable than the average company (51.7%)
16.4% - Moray Offshore Windfarm (east) Limited
51.7% - Industry AVG
Employees
with 18 employees, this is above the industry average (3)
18 - Moray Offshore Windfarm (east) Limited
3 - Industry AVG
Pay Structure
on an average salary of £30.2k, the company has a lower pay structure (£76.5k)
£30.2k - Moray Offshore Windfarm (east) Limited
£76.5k - Industry AVG
Efficiency
resulting in sales per employee of £14.5m, this is more efficient (£475.9k)
£14.5m - Moray Offshore Windfarm (east) Limited
£475.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Moray Offshore Windfarm (east) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (21 days)
1 days - Moray Offshore Windfarm (east) Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Moray Offshore Windfarm (east) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (9 weeks)
4 weeks - Moray Offshore Windfarm (east) Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.2%, this is a similar level of debt than the average (89.3%)
85.2% - Moray Offshore Windfarm (east) Limited
89.3% - Industry AVG
MORAY OFFSHORE WINDFARM (EAST) LIMITED financials
Moray Offshore Windfarm (East) Limited's latest turnover from December 2023 is £261.8 million and the company has net assets of £450.2 million. According to their latest financial statements, Moray Offshore Windfarm (East) Limited has 18 employees and maintains cash reserves of £63 million 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 261,753,000 | 702,242,000 | 184,650,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 155,493,000 | 156,808,000 | 47,409,000 | 0 | ||||||||||
| Gross Profit | 106,260,000 | 545,434,000 | 137,241,000 | 0 | ||||||||||
| Admin Expenses | 63,402,000 | 46,476,000 | 2,882,000 | 268,000 | ||||||||||
| Operating Profit | 42,858,000 | 498,958,000 | 134,359,000 | -268,000 | -815,000 | -769,000 | -414,000 | -785,000 | -1,939,107 | -4,042,643 | -104,473 | -125,864 | -103,685 | -87,348 |
| Interest Payable | 158,328,000 | 113,457,000 | 19,881,000 | 467,000 | 1,659,000 | 147,000 | 98,000 | 55,000 | 0 | 0 | 24,798 | 1,247 | 446 | 690 |
| Interest Receivable | 40,802,000 | 2,441,000 | 76,000 | 1,770,000 | 1,119,000 | 45,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -74,668,000 | 387,942,000 | 114,554,000 | 1,035,000 | -1,355,000 | -1,166,000 | -624,000 | -1,317,000 | -1,878,496 | -4,085,076 | -129,271 | -127,111 | -104,131 | -88,038 |
| Tax | 9,061,000 | -96,598,000 | -27,410,000 | 1,000 | 719,000 | -719,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -65,607,000 | 291,344,000 | 87,144,000 | 1,036,000 | -636,000 | -1,885,000 | -624,000 | -1,317,000 | -1,878,496 | -4,085,076 | -129,271 | -127,111 | -104,131 | -88,038 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -65,607,000 | 291,344,000 | 87,144,000 | 1,036,000 | -636,000 | -1,885,000 | -624,000 | -1,317,000 | -1,878,496 | -4,085,076 | -129,271 | -127,111 | -104,131 | -88,038 |
| Employee Costs | 543,000 | 1,454,000 | 1,433,000 | 873,000 | 274,000 | 274,000 | 13,000 | 0 | 0 | 0 | 0 | 0 | ||
| Number Of Employees | 18 | 23 | 31 | 20 | 18 | 18 | 4 | 5 | 5 | |||||
| EBITDA* | 141,586,000 | 624,484,000 | 160,100,000 | 2,254,000 | 1,707,000 | 1,753,000 | -414,000 | -155,000 | -107,659 | -4,042,643 | -104,473 | -125,864 | -103,685 | -87,348 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,250,439,000 | 2,351,236,000 | 2,519,695,000 | 2,379,890,000 | 1,265,938,000 | 482,273,000 | 88,836,000 | 70,648,000 | 65,110,058 | 46,749,216 | 31,353,060 | 24,277,650 | 16,809,718 | 6,345,880 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 79,740,000 | 127,304,000 | 0 | 45,000 | 370,000 | 19,264,000 | 0 | 0 | 3 | 3 | 3 | 3 | 3 | 3 |
| Debtors (Due After 1 year) | 118,049,000 | 53,593,000 | 113,638,000 | 73,636,000 | 42,915,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,250,439,000 | 2,351,236,000 | 2,406,057,000 | 2,306,254,000 | 1,223,023,000 | 482,273,000 | 88,836,000 | 70,648,000 | 65,110,061 | 46,749,219 | 31,353,063 | 24,277,653 | 16,809,721 | 6,345,883 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,863 | 12,350 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 155,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 32,727,000 | 101,206,000 | 68,012,000 | 10,780,000 | 7,647,000 | 3,705,000 | 1,266,000 | 2,686,000 | 90,418 | 72,125 | 232,859 | 49,523 | 249,586 | 128,094 |
| Cash | 62,963,000 | 192,036,000 | 116,464,000 | 117,889,000 | 132,426,000 | 55,947,000 | 813,000 | 218,000 | 1,676,272 | 1,026,564 | 1,076,746 | 155,067 | 26,410 | 294,183 |
| misc current assets | 49,789,000 | 23,014,000 | 640,462,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 799,778,000 | 959,833,000 | 824,938,000 | 128,669,000 | 140,073,000 | 59,652,000 | 2,079,000 | 3,059,000 | 1,766,690 | 1,098,689 | 1,309,605 | 204,590 | 304,859 | 434,627 |
| total assets | 3,050,217,000 | 3,311,069,000 | 3,230,995,000 | 2,434,923,000 | 1,363,096,000 | 541,925,000 | 90,915,000 | 73,707,000 | 66,876,751 | 47,847,908 | 32,662,668 | 24,482,243 | 17,114,580 | 6,780,510 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 616,000 | 277,000 | 429,000 | 520,000 | 1,258,000 | 467,000 | 2,590,000 | 0 | 7,298,230 | 812,608 | 121,727 | 187,286 | 1,462,885 | 98,351 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 62,604,000 | 50,382,165 | 38,581,676 | 22,067,108 | 14,457,341 | 5,399,736 | 4,967,698 |
| other short term finances | 741,924,000 | 1,071,558,000 | 531,325,000 | 0 | 0 | 0 | 73,424,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 4,746,000 | 4,746,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 52,953,000 | 61,387,000 | 79,651,000 | 390,570,000 | 185,921,000 | 81,510,000 | 6,837,000 | 3,693,000 | 493,838 | 926,016 | 956,690 | 191,202 | 875,261 | 1,478,284 |
| total current liabilities | 795,493,000 | 1,133,222,000 | 611,405,000 | 395,836,000 | 191,925,000 | 81,977,000 | 82,851,000 | 66,297,000 | 58,174,233 | 40,320,300 | 23,145,525 | 14,835,829 | 7,737,882 | 6,544,333 |
| loans | 2,882,659,000 | 3,041,192,000 | 4,765,100,000 | 4,178,448,000 | 2,428,533,000 | 935,804,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 5,045,000 | 1,187,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,008,000 | 1,054,000 | 1,100,000 | 1,146,000 | 1,145,000 | 1,145,000 | 1,145,000 | 1,145,000 | 1,145,785 | 1,145,785 | 1,145,785 | 1,145,785 | 748,958 | 224,215 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 554,862,000 | 450,716,000 | 438,682,000 | 69,526,000 | 43,516,000 | 18,780,000 | 10,544,000 | 5,174,000 | 5,148,947 | 2,095,541 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,804,486,000 | 1,842,427,000 | 2,716,397,000 | 2,228,423,000 | 1,302,068,000 | 526,823,000 | 6,417,000 | 6,319,000 | 6,294,732 | 3,241,326 | 1,145,785 | 1,145,785 | 748,958 | 224,215 |
| total liabilities | 2,599,979,000 | 2,975,649,000 | 3,327,802,000 | 2,624,259,000 | 1,493,993,000 | 608,800,000 | 89,268,000 | 72,616,000 | 64,468,965 | 43,561,626 | 24,291,310 | 15,981,614 | 8,486,840 | 6,768,548 |
| net assets | 450,238,000 | 335,420,000 | -96,807,000 | -189,336,000 | -130,897,000 | -66,875,000 | 1,647,000 | 1,091,000 | 2,407,786 | 4,286,282 | 8,371,358 | 8,500,629 | 8,627,740 | 11,962 |
| total shareholders funds | 450,238,000 | 335,420,000 | -96,807,000 | -189,336,000 | -130,897,000 | -66,875,000 | 1,647,000 | 1,091,000 | 2,407,786 | 4,286,282 | 8,371,358 | 8,500,629 | 8,627,740 | 11,962 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 42,858,000 | 498,958,000 | 134,359,000 | -268,000 | -815,000 | -769,000 | -414,000 | -785,000 | -1,939,107 | -4,042,643 | -104,473 | -125,864 | -103,685 | -87,348 |
| Depreciation | 98,728,000 | 99,785,000 | 25,741,000 | 2,522,000 | 2,522,000 | 2,522,000 | 630,000 | 1,831,448 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 25,741,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 9,061,000 | -96,598,000 | -27,410,000 | 1,000 | 719,000 | -719,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -4,023,000 | -26,851,000 | 97,234,000 | 33,854,000 | 46,857,000 | 2,439,000 | -1,575,000 | 2,750,582 | 18,293 | -160,734 | 183,336 | -228,926 | 138,005 | 140,444 |
| Creditors | 339,000 | -152,000 | -91,000 | -738,000 | 791,000 | -2,123,000 | 2,590,000 | -7,298,230 | 6,485,622 | 690,881 | -65,559 | -1,275,599 | 1,364,534 | 98,351 |
| Accruals and Deferred Income | -8,480,000 | -18,310,000 | -310,965,000 | 204,650,000 | 104,411,000 | 74,673,000 | 3,144,000 | 3,198,377 | -432,178 | -30,674 | 765,488 | -287,232 | -78,280 | 1,702,499 |
| Deferred Taxes & Provisions | 104,146,000 | 12,034,000 | 369,156,000 | 26,010,000 | 24,736,000 | 8,236,000 | 5,370,000 | 25,053 | 3,053,406 | 2,095,541 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 250,675,000 | 548,309,000 | 93,556,000 | 198,323,000 | 85,507,000 | 79,381,000 | -6,980,382 | 8,980,898 | -1,126,161 | 412,120 | -1,459,769 | 1,044,564 | 1,573,058 | |
| Investing Activities | ||||||||||||||
| capital expenditure | -6,168,000 | |||||||||||||
| Change in Investments | -47,564,000 | 127,304,000 | -45,000 | -325,000 | -18,894,000 | 19,264,000 | 0 | -3 | 0 | 0 | 0 | 0 | 0 | 3 |
| cash flow from investments | -6,167,997 | |||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -62,604,000 | 12,221,835 | 11,800,489 | 16,514,568 | 7,609,767 | 9,057,605 | 432,038 | 4,967,698 |
| Other Short Term Loans | -329,634,000 | 540,233,000 | 531,325,000 | 0 | 0 | -73,424,000 | 73,424,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -158,533,000 | -1,723,908,000 | 586,652,000 | 1,749,915,000 | 1,492,729,000 | 935,804,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | -9,791,000 | 3,858,000 | 5,933,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -117,526,000 | -111,016,000 | -19,805,000 | 1,303,000 | -540,000 | -102,000 | -98,000 | -55,000 | 0 | 0 | -24,798 | -1,247 | -446 | -690 |
| cash flow from financing | -425,268,000 | -1,153,808,000 | 1,093,766,000 | 1,695,601,000 | 1,434,736,000 | 795,641,000 | 11,902,000 | 12,167,049 | 11,800,489 | 16,514,568 | 7,584,969 | 9,056,358 | 9,151,501 | 5,067,008 |
| cash and cash equivalents | ||||||||||||||
| cash | -129,073,000 | 75,572,000 | -1,425,000 | -14,537,000 | 76,479,000 | 55,134,000 | 595,000 | -1,458,272 | 649,708 | -50,182 | 921,679 | 128,657 | -267,773 | 294,183 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -129,073,000 | 75,572,000 | -1,425,000 | -14,537,000 | 76,479,000 | 55,134,000 | 595,000 | -1,458,272 | 649,708 | -50,182 | 921,679 | 128,657 | -267,773 | 294,183 |
moray offshore windfarm (east) limited Credit Report and Business Information
Moray Offshore Windfarm (east) Limited Competitor Analysis
Perform a competitor analysis for moray offshore windfarm (east) limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mega companies, companies in EC2V area or any other competitors across 12 key performance metrics.
moray offshore windfarm (east) limited Ownership
MORAY OFFSHORE WINDFARM (EAST) LIMITED group structure
Moray Offshore Windfarm (East) Limited has 3 subsidiary companies.
Ultimate parent company
1 parent
MORAY OFFSHORE WINDFARM (EAST) LIMITED
07101438
3 subsidiaries
moray offshore windfarm (east) limited directors
Moray Offshore Windfarm (East) Limited currently has 11 directors. The longest serving directors include Mr Stephen Altria (Dec 2019) and Mr Stephen Altria (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Altria | United Kingdom | 57 years | Dec 2019 | - | Director |
| Mr Stephen Altria | United Kingdom | 57 years | Dec 2019 | - | Director |
| Mr Grzegorz Gorski | United Kingdom | 63 years | Jul 2020 | - | Director |
| Mr Bautista Sanchez | England | 62 years | Nov 2021 | - | Director |
| Mr Makoto Murata | England | 45 years | Jul 2022 | - | Director |
| Mr Adam Morrison | England | 43 years | Apr 2024 | - | Director |
| Mr Rowland Flynn | United Kingdom | 38 years | May 2024 | - | Director |
| Mr Edmund Andrew | 37 years | May 2024 | - | Director | |
| Mr Manabu Hayasaki | United Kingdom | 45 years | May 2024 | - | Director |
| Mr Daan Van Hoyweghen | England | 42 years | Jul 2024 | - | Director |
P&L
December 2023turnover
261.8m
-63%
operating profit
42.9m
-91%
gross margin
40.6%
-47.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
450.2m
+0.34%
total assets
3.1b
-0.08%
cash
63m
-0.67%
net assets
Total assets minus all liabilities
Similar Companies
moray offshore windfarm (east) limited company details
company number
07101438
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
December 2009
age
15
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
moray offshore renewables limited (December 2016)
last accounts submitted
December 2023
address
shepherd and wedderburn llp, octagon point, london, EC2V 6AA
accountant
-
auditor
DELOITTE LLP
moray offshore windfarm (east) 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 10 charges/mortgages relating to moray offshore windfarm (east) limited. Currently there are 7 open charges and 3 have been satisfied in the past.
moray offshore windfarm (east) limited Companies House Filings - See Documents
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