ithaca energy developments uk limited
ithaca energy developments uk limited Company Information
Company Number
07105041
Next Accounts
Sep 2025
Shareholders
petrofac gsa holdings limited
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
1 park row, leeds, LS1 5AB
Website
https://www.petrofac.comithaca energy developments uk limited Estimated Valuation
Pomanda estimates the enterprise value of ITHACA ENERGY DEVELOPMENTS UK LIMITED at £8.7m based on a Turnover of £21.4m and 0.4x industry multiple (adjusted for size and gross margin).
ithaca energy developments uk limited Estimated Valuation
Pomanda estimates the enterprise value of ITHACA ENERGY DEVELOPMENTS UK LIMITED at £53.7m based on an EBITDA of £18.1m and a 2.96x industry multiple (adjusted for size and gross margin).
ithaca energy developments uk limited Estimated Valuation
Pomanda estimates the enterprise value of ITHACA ENERGY DEVELOPMENTS UK LIMITED at £0 based on Net Assets of £-12.5m and 2.13x industry multiple (adjusted for liquidity).
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Ithaca Energy Developments Uk Limited Overview
Ithaca Energy Developments Uk Limited is a live company located in leeds, LS1 5AB with a Companies House number of 07105041. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2009, it's largest shareholder is petrofac gsa holdings limited with a 100% stake. Ithaca Energy Developments Uk Limited is a established, large sized company, Pomanda has estimated its turnover at £21.4m with unknown growth in recent years.
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Ithaca Energy Developments Uk Limited Health Check
Pomanda's financial health check has awarded Ithaca Energy Developments Uk Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
4 Weak
Size
annual sales of £21.4m, make it larger than the average company (£4.8m)
£21.4m - Ithaca Energy Developments Uk Limited
£4.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ithaca Energy Developments Uk Limited
- - Industry AVG
Production
with a gross margin of -0.9%, this company has a higher cost of product (38.3%)
-0.9% - Ithaca Energy Developments Uk Limited
38.3% - Industry AVG
Profitability
an operating margin of -1.7% make it less profitable than the average company (5.7%)
-1.7% - Ithaca Energy Developments Uk Limited
5.7% - Industry AVG
Employees
with 126 employees, this is above the industry average (27)
- Ithaca Energy Developments Uk Limited
27 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Ithaca Energy Developments Uk Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £170.1k, this is equally as efficient (£171.3k)
- Ithaca Energy Developments Uk Limited
£171.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ithaca Energy Developments Uk Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (32 days)
0 days - Ithaca Energy Developments Uk Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is less than average (33 days)
11 days - Ithaca Energy Developments Uk Limited
33 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ithaca Energy Developments Uk Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 201.3%, this is a higher level of debt than the average (62.5%)
201.3% - Ithaca Energy Developments Uk Limited
62.5% - Industry AVG
ITHACA ENERGY DEVELOPMENTS UK LIMITED financials
Ithaca Energy Developments Uk Limited's latest turnover from December 2023 is £21.4 million and the company has net assets of -£12.5 million. According to their latest financial statements, we estimate that Ithaca Energy Developments Uk Limited has 126 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 21,434,411 | 4,262,357 | 2,483,745 | 2,891,820 | |||||||||
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | 21,635,001 | 3,447,127 | 2,258,963 | 2,753,112 | |||||||||
| Gross Profit | -200,590 | 815,230 | 224,782 | 138,708 | |||||||||
| Admin Expenses | 169,556 | 59,042 | |||||||||||
| Operating Profit | -370,146 | 756,188 | -205,079 | 1,827,285 | -4,155,757 | -1,177,738 | -1,564,930 | ||||||
| Interest Payable | 22,777 | 13,632 | 801 | 744 | 770 | 770 | 616 | 1,231 | |||||
| Interest Receivable | |||||||||||||
| Pre-Tax Profit | -370,146 | 756,188 | -50,267 | -38,489 | -205,079 | 1,826,484 | -4,156,501 | -1,178,508 | -1,565,699 | 425,388 | 587,909 | -9,730,014 | -4,346,399 |
| Tax | 4,894,406 | -8,194,686 | 177,031 | -20,784 | 282,503 | -153,903 | -150,825 | 2,496,749 | 1,199,455 | ||||
| Profit After Tax | 4,524,260 | -7,438,498 | -50,267 | -38,489 | -205,079 | 1,826,484 | -3,979,470 | -1,199,292 | -1,283,196 | 271,485 | 437,084 | -7,233,265 | -3,146,944 |
| Dividends Paid | |||||||||||||
| Retained Profit | 4,524,260 | -7,438,498 | -50,267 | -38,489 | -205,079 | 1,826,484 | -3,979,470 | -1,199,292 | -1,283,196 | 271,485 | 437,084 | -7,233,265 | -3,146,944 |
| Employee Costs | 6,518,670 | 4,130,287 | |||||||||||
| Number Of Employees | 42 | 28 | |||||||||||
| EBITDA* | 18,134,131 | 4,130,649 | -205,079 | 1,827,285 | -4,155,757 | -1,177,738 | -1,564,930 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,886,685 | 25,371,281 | 10,894,876 | 8,070,976 | 8,733,477 | 404,359 | |||||||
| Intangible Assets | 6,389,467 | 7,948,580 | 8,184,897 | 6,893,007 | 6,018,222 | 178,958 | |||||||
| Investments & Other | 16,792,334 | ||||||||||||
| Debtors (Due After 1 year) | 4,548,482 | ||||||||||||
| Total Fixed Assets | 11,435,168 | 25,371,282 | 16,792,334 | 10,894,876 | 8,070,977 | 8,733,478 | 6,389,467 | 7,948,580 | 8,184,897 | 6,893,007 | 6,018,222 | 178,958 | 404,359 |
| Stock & work in progress | 672,167 | 230,868 | |||||||||||
| Trade Debtors | 3,204 | 201,073 | 14,242 | ||||||||||
| Group Debtors | 482,382 | ||||||||||||
| Misc Debtors | 232,382 | 453,410 | 53,555 | 1,712,724 | 1,840,504 | 1,391,898 | 2,434,129 | 3,696,204 | 1,568,518 | ||||
| Cash | 185,052 | 255,876 | 40,797 | 3,849 | 66,486 | 1,434,376 | 1,509,691 | 156,666 | |||||
| misc current assets | |||||||||||||
| total current assets | 904,549 | 684,278 | 3,204 | 386,125 | 309,432 | 1,753,522 | 1,844,354 | 1,458,385 | 3,868,505 | 5,205,895 | 2,221,809 | ||
| total assets | 12,339,717 | 26,055,560 | 16,792,334 | 10,894,876 | 8,074,181 | 9,119,603 | 6,698,899 | 9,702,101 | 10,029,251 | 8,351,391 | 9,886,727 | 5,384,854 | 2,626,169 |
| Bank overdraft | |||||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 757 | 1,823,480 | 25,919 | 14,433 | 12,016 | 55,275 | 686,730 | ||||||
| Group/Directors Accounts | 16,760,276 | 30,937,855 | 23,975,024 | 19,979,152 | 17,737,723 | 17,772,170 | 60,250 | 43,877 | 55,423 | 1,012,066 | 5,145,900 | 5,822,032 | |
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 3,285,898 | 572,250 | 1,012,409 | 235,746 | 9,669 | 15,395 | 30,020 | 22,162 | 504,186 | 1,816,830 | |||
| total current liabilities | 20,046,931 | 33,333,586 | 25,013,352 | 20,229,332 | 17,749,740 | 17,827,445 | 69,920 | 59,272 | 85,444 | 1,034,228 | 5,650,086 | 5,822,032 | 2,503,561 |
| loans | 21,288,307 | 23,481,641 | 23,188,361 | 17,516,621 | 14,594,311 | 9,892,872 | 3,389,683 | ||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 1,486,639 | 1,545,681 | 1,719,289 | 762,569 | 358,086 | 1,120,724 | |||||||
| provisions | 3,300,280 | 8,194,686 | 6,192 | ||||||||||
| total long term liabilities | 4,786,920 | 9,740,368 | 1,719,290 | 762,569 | 358,087 | 1,120,724 | 21,288,307 | 23,481,641 | 23,188,361 | 17,516,622 | 14,594,312 | 9,892,873 | 3,395,876 |
| total liabilities | 24,833,851 | 43,073,954 | 26,732,642 | 20,991,901 | 18,107,827 | 18,948,170 | 21,358,227 | 23,540,913 | 23,273,805 | 18,550,850 | 20,244,398 | 15,714,905 | 5,899,436 |
| net assets | -12,494,134 | -17,018,394 | -9,940,308 | -10,097,025 | -10,033,646 | -9,828,567 | -14,659,328 | -13,838,811 | -13,244,554 | -10,199,458 | -10,357,671 | -10,330,051 | -3,273,268 |
| total shareholders funds | -12,494,134 | -17,018,394 | -9,940,308 | -10,097,025 | -10,033,646 | -9,828,567 | -14,659,328 | -13,838,811 | -13,244,554 | -10,199,458 | -10,357,671 | -10,330,051 | -3,273,268 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -370,146 | 756,188 | -205,079 | 1,827,285 | -4,155,757 | -1,177,738 | -1,564,930 | ||||||
| Depreciation | 18,504,277 | 3,374,461 | 224,782 | 69,973 | |||||||||
| Amortisation | |||||||||||||
| Tax | 4,894,406 | -8,194,686 | 177,031 | -20,784 | 282,503 | -153,903 | -150,825 | 2,496,749 | 1,199,455 | ||||
| Stock | 441,299 | 230,868 | |||||||||||
| Debtors | 4,327,454 | 453,410 | -197,869 | 147,518 | -1,659,169 | -127,780 | 448,606 | -1,042,231 | -1,262,075 | 1,631,061 | 2,065,143 | ||
| Creditors | -1,822,723 | 1,797,561 | 11,485 | 14,433 | -43,259 | 55,275 | -686,730 | 686,730 | |||||
| Accruals and Deferred Income | 2,713,648 | -440,159 | 776,663 | 235,746 | -9,669 | -5,726 | -14,625 | 7,858 | -482,024 | 504,186 | -1,816,830 | 1,816,830 | |
| Deferred Taxes & Provisions | -4,894,406 | 8,194,686 | -6,192 | 6,192 | |||||||||
| Cash flow from operations | 14,256,303 | 4,803,773 | -50,469 | 1,725,373 | -1,085,367 | -1,723,175 | |||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | -16,792,334 | 16,792,334 | |||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | -14,177,579 | 6,962,831 | 3,995,872 | 19,979,152 | -34,447 | 17,711,920 | 16,373 | -11,546 | -956,643 | -4,133,834 | -676,132 | 5,822,032 | |
| Other Short Term Loans | |||||||||||||
| Long term loans | -21,288,307 | -2,193,334 | 293,280 | 5,671,740 | 2,922,310 | 4,701,439 | 6,503,189 | 3,389,683 | |||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | -59,042 | -173,608 | 956,720 | 762,569 | -762,638 | 1,120,724 | |||||||
| share issue | |||||||||||||
| interest | -22,777 | -13,632 | -801 | -744 | -770 | -770 | -616 | -1,231 | |||||
| cash flow from financing | -14,236,621 | 7,149,635 | 5,136,799 | 10,669,553 | -797,085 | 547,813 | 981,249 | 885,998 | 2,952,427 | -1,325,413 | 3,559,373 | 12,501,702 | 3,263,359 |
| cash and cash equivalents | |||||||||||||
| cash | -185,052 | -70,825 | 215,079 | 36,949 | -62,637 | -1,367,890 | -75,315 | 1,353,025 | 156,666 | ||||
| overdraft | |||||||||||||
| change in cash | -185,052 | -70,825 | 215,079 | 36,949 | -62,637 | -1,367,890 | -75,315 | 1,353,025 | 156,666 |
ithaca energy developments uk limited Credit Report and Business Information
Ithaca Energy Developments Uk Limited Competitor Analysis
Perform a competitor analysis for ithaca energy developments uk limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in LS1 area or any other competitors across 12 key performance metrics.
ithaca energy developments uk limited Ownership
ITHACA ENERGY DEVELOPMENTS UK LIMITED group structure
Ithaca Energy Developments Uk Limited has no subsidiary companies.
Ultimate parent company
DELEK GROUP LTD
#0067823
ITHACA GSA HOLDINGS LTD
#0103763
2 parents
ITHACA ENERGY DEVELOPMENTS UK LIMITED
07105041
ithaca energy developments uk limited directors
Ithaca Energy Developments Uk Limited currently has 5 directors. The longest serving directors include Mr Iain Lewis (Sep 2022) and Mrs Julie McAteer (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Iain Lewis | Scotland | 47 years | Sep 2022 | - | Director |
| Mrs Julie McAteer | Scotland | 56 years | May 2024 | - | Director |
| Mrs Julie McAteer | Scotland | 55 years | May 2024 | - | Director |
| Mr Yaniv Friedman | England | 51 years | Jul 2024 | - | Director |
| Mr Luciano Vasques | England | 62 years | Oct 2024 | - | Director |
P&L
December 2023turnover
21.4m
+403%
operating profit
-370.1k
-149%
gross margin
-0.9%
-104.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-12.5m
-0.27%
total assets
12.3m
-0.53%
cash
0
0%
net assets
Total assets minus all liabilities
ithaca energy developments uk limited company details
company number
07105041
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
December 2009
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
petrofac energy developments uk limited (December 2018)
accountant
-
auditor
DELOITTE LLP
address
1 park row, leeds, LS1 5AB
Bank
BNP PARIBAS
Legal Advisor
PINSENT MASONS
ithaca energy developments 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 3 charges/mortgages relating to ithaca energy developments uk limited. Currently there are 2 open charges and 1 have been satisfied in the past.
ithaca energy developments uk 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 ITHACA ENERGY DEVELOPMENTS UK LIMITED. This can take several minutes, an email will notify you when this has completed.
ithaca energy developments uk limited Companies House Filings - See Documents
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