subsea 7 offshore resources (uk) limited

Live EstablishedMegaDeclining

subsea 7 offshore resources (uk) limited Company Information

Share SUBSEA 7 OFFSHORE RESOURCES (UK) LIMITED

Company Number

07762973

Directors

John Gordon

Simon Ellis

View All

Shareholders

subsea 7 international holdings (uk) limited

Group Structure

View All

Industry

Support activities for petroleum and natural gas extraction

 

Registered Address

40 brighton road, sutton, surrey, SM2 5BN

subsea 7 offshore resources (uk) limited Estimated Valuation

£344.5m

Pomanda estimates the enterprise value of SUBSEA 7 OFFSHORE RESOURCES (UK) LIMITED at £344.5m based on a Turnover of £160.9m and 2.14x industry multiple (adjusted for size and gross margin).

subsea 7 offshore resources (uk) limited Estimated Valuation

£1.9b

Pomanda estimates the enterprise value of SUBSEA 7 OFFSHORE RESOURCES (UK) LIMITED at £1.9b based on an EBITDA of £276m and a 6.83x industry multiple (adjusted for size and gross margin).

subsea 7 offshore resources (uk) limited Estimated Valuation

£2.8b

Pomanda estimates the enterprise value of SUBSEA 7 OFFSHORE RESOURCES (UK) LIMITED at £2.8b based on Net Assets of £1.9b and 1.46x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Subsea 7 Offshore Resources (uk) Limited Overview

Subsea 7 Offshore Resources (uk) Limited is a live company located in surrey, SM2 5BN with a Companies House number of 07762973. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in September 2011, it's largest shareholder is subsea 7 international holdings (uk) limited with a 100% stake. Subsea 7 Offshore Resources (uk) Limited is a established, mega sized company, Pomanda has estimated its turnover at £160.9m with declining growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Subsea 7 Offshore Resources (uk) Limited Health Check

Pomanda's financial health check has awarded Subsea 7 Offshore Resources (Uk) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

2 Weak

size

Size

annual sales of £160.9m, make it larger than the average company (£16.6m)

£160.9m - Subsea 7 Offshore Resources (uk) Limited

£16.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (3.6%)

-7% - Subsea 7 Offshore Resources (uk) Limited

3.6% - Industry AVG

production

Production

with a gross margin of 46.2%, this company has a lower cost of product (25.4%)

46.2% - Subsea 7 Offshore Resources (uk) Limited

25.4% - Industry AVG

profitability

Profitability

an operating margin of 113% make it more profitable than the average company (6.5%)

113% - Subsea 7 Offshore Resources (uk) Limited

6.5% - Industry AVG

employees

Employees

with 737 employees, this is above the industry average (42)

737 - Subsea 7 Offshore Resources (uk) Limited

42 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Subsea 7 Offshore Resources (uk) Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £218.4k, this is equally as efficient (£218.5k)

£218.4k - Subsea 7 Offshore Resources (uk) Limited

£218.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 6 days, this is earlier than average (55 days)

6 days - Subsea 7 Offshore Resources (uk) Limited

55 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 17 days, this is quicker than average (27 days)

17 days - Subsea 7 Offshore Resources (uk) Limited

27 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Subsea 7 Offshore Resources (uk) Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Subsea 7 Offshore Resources (uk) Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 2.4%, this is a lower level of debt than the average (55.2%)

2.4% - Subsea 7 Offshore Resources (uk) Limited

55.2% - Industry AVG

SUBSEA 7 OFFSHORE RESOURCES (UK) LIMITED financials

EXPORTms excel logo

Subsea 7 Offshore Resources (Uk) Limited's latest turnover from December 2023 is £160.9 million and the company has net assets of £1.9 billion. According to their latest financial statements, we estimate that Subsea 7 Offshore Resources (Uk) Limited has 737 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
Turnover160,927,645148,522,980205,010,149199,511,076150,392,527140,210,862129,891,853121,617,345165,294,894119,421,90750,773,42011,300,228
Other Income Or Grants000000000000
Cost Of Sales86,541,08872,857,362105,123,114108,332,010102,006,978110,963,289129,358,327114,813,237124,929,54480,136,24826,289,2483,448,558
Gross Profit74,386,55775,665,61899,887,03691,179,06648,385,54929,247,573533,5266,804,10840,365,34939,285,65924,484,1737,851,670
Admin Expenses-107,516,305-93,797,284-52,669,667152,554,055192,735,335191,005,765-94,109,589-277,017,87831,261,67110,776362,051,1345,264
Operating Profit181,902,862169,462,902152,556,703-61,374,989-144,349,786-161,758,19294,643,115283,821,9869,103,67839,274,883-337,566,9617,846,406
Interest Payable2,302138,878766,0403,917,5713,960,8933,631,67528,353,76122,496,76712,024,6784,720,9617,198,513494,239
Interest Receivable7,172,5613,488,8361,954,81471,4850627,253171,4330002,56326,905
Pre-Tax Profit188,486,151173,038,441157,176,772-63,981,996-147,930,508-165,030,34066,354,242262,727,273-4,525,06634,935,725-40,606,1777,532,901
Tax-10,048,339-10,482,621-2,246,933-3,626,335-1,503,235-3,010,467-2,307,13810,744,770-3,322,210-8,717,574-9,621,299-2,747,266
Profit After Tax178,437,812162,555,820154,929,838-67,608,331-149,433,743-168,040,80764,047,104273,472,043-7,847,27626,218,151-50,227,4774,785,635
Dividends Paid337,604,5420220,633,66000121,359,223000000
Retained Profit-159,166,731162,555,820-65,703,821-67,608,331-149,433,743-289,400,03064,047,104273,472,043-7,847,27626,218,151-50,227,4774,785,635
Employee Costs0000000042,711,38529,346,30300
Number Of Employees73768594586862559662651261443518342
EBITDA*275,986,342258,092,534256,484,86536,627,835-7,888,348-60,722,087210,756,228422,132,370134,514,977103,701,794-314,662,3097,846,406

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
Tangible Assets1,145,792,9871,173,337,6812,133,193,0102,202,219,5751,940,609,8712,274,186,8932,527,417,2881,980,686,9531,696,919,9131,256,738,511693,600,538637,684,389
Intangible Assets00000000013,85600
Investments & Other685,964,091756,756,695762,540,817709,871,149623,541,469848,078,1861,049,770,888511,223,278191,071,705189,527,365157,769,448474,018,248
Debtors (Due After 1 year)000000005,057,426000
Total Fixed Assets1,831,757,0781,930,094,3762,133,193,0102,202,219,5741,940,609,8712,401,896,9792,527,417,2871,980,686,9531,696,919,9131,446,279,732851,369,986637,684,389
Stock & work in progress000000000000
Trade Debtors3,059,15847,57269,720885,18255,97281,9172,40322,82210,088000
Group Debtors122,802,884167,556,20392,283,117127,613,62631,370,9381,796,84356,736,3619,170,026306,534152,41350,475,458379,013
Misc Debtors3,289,3424,827,7441,254,081959,315459,4025,585,1954,680,76511,348,04121,939,3131,532,5991,245,033836,988
Cash000000001,211,3921,170,041550,429174,884
misc current assets0000022,509,86010,463,0301,341,955203,321000
total current assets129,151,385172,431,52093,606,919129,458,12431,886,31229,581,31171,882,56021,882,84523,670,6502,855,05352,270,9211,390,887
total assets1,960,908,4632,102,525,8962,226,799,9292,331,677,6981,972,496,1832,431,478,2902,599,299,8472,002,569,7981,720,590,5631,449,134,786903,640,907639,075,276
Bank overdraft000000000000
Bank loan000000000000
Trade Creditors 4,167,8821,430,9832,580,5312,958,256560,4421,500,3032,001,12214,374,2875,624,70948,157,1862,439,446548,634
Group/Directors Accounts6,914,7558,022,712100-7,617,741001504,096,682161,299,5001
other short term finances000000000079,4560
hp & lease commitments000000000000
other current liabilities21,844,548918,43719,250,72758,551,75945,553,535144,460,4657,440,518858,919,740832,028,55510,145,48528,326,92573,414,047
total current liabilities32,927,18510,372,13221,831,25961,510,01746,113,978138,279,7339,441,641873,294,028837,653,267562,399,353192,145,32973,962,684
loans000000000000
hp & lease commitments000000000000
Accruals and Deferred Income000000000000
other liabilities00000000000465,578
provisions13,132,04918,137,80412,786,16011,776,54211,429,81611,442,7625,666,906019,864,96813,002,8486,157,8871,599,110
total long term liabilities13,132,04918,137,8046,393,0805,888,2715,714,9085,721,3812,833,45309,932,48413,002,8486,157,8881,265,134
total liabilities46,059,23428,509,93628,224,33967,398,28851,828,886144,001,11412,275,094873,294,028847,585,751575,402,202198,303,21775,227,818
net assets1,914,849,2292,074,015,9592,198,575,5902,264,279,4101,920,667,2972,287,477,1762,587,024,7541,129,275,770873,004,812873,732,584705,337,691563,847,459
total shareholders funds1,914,849,2292,074,015,9592,198,575,5892,264,279,4101,920,667,2972,160,071,2992,587,024,7541,129,275,770873,004,811873,732,584705,337,691563,847,459
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
Operating Activities
Operating Profit181,902,862169,462,902152,556,703-61,374,989-144,349,786-161,758,19294,643,115283,821,9869,103,67839,274,883-337,566,9617,846,406
Depreciation94,083,48088,629,632103,928,16298,002,824136,461,438101,036,104116,113,114138,310,384125,411,29964,426,91122,904,6520
Amortisation000000000000
Tax-10,048,339-10,482,621-2,246,933-3,626,335-1,503,235-3,010,467-2,307,13810,744,770-3,322,210-8,717,574-9,621,299-2,747,266
Stock000000000000
Debtors-43,280,13578,824,600-35,851,20497,571,81124,417,755-53,950,97340,878,640-6,772,47225,628,350-50,035,48050,504,4901,216,002
Creditors2,736,899-1,149,548-377,7252,397,814-939,861-500,818-12,373,1658,749,578-42,532,47745,717,7391,890,812548,634
Accruals and Deferred Income20,926,111-18,332,290-39,301,03212,998,224-98,906,930137,019,947-851,479,22226,891,185821,883,070-18,181,440-45,087,12273,414,047
Deferred Taxes & Provisions-5,005,7555,351,6441,009,618346,726-12,9465,775,8565,666,906-19,864,9686,862,1206,844,9614,558,7771,599,110
Cash flow from operations327,875,393154,655,119251,419,997-48,827,547-133,669,075132,513,403-690,615,030455,425,407891,777,130179,400,960-413,425,63179,444,929
Investing Activities
capital expenditure-66,538,786871,225,697-34,901,597-359,612,528197,115,584152,194,291-662,843,449-422,077,424-565,578,845-627,578,740-78,820,801-637,684,389
Change in Investments-70,792,603-5,784,12252,669,66886,329,680-224,536,717-201,692,702538,547,610320,151,5731,544,34031,757,917-316,248,800474,018,248
cash flow from investments4,253,817877,009,819-87,571,265-445,942,208421,652,301353,886,993-1,201,391,059-742,228,997-567,123,185-659,336,657237,427,999-1,111,702,637
Financing Activities
Bank loans000000000000
Group/Directors Accounts-1,107,9578,022,711007,617,741-7,617,7420-1-504,096,681342,797,182161,299,5001
Other Short Term Loans 000000000-79,45679,4560
Long term loans000000000000
Hire Purchase and Lease Commitments000000000000
other long term liabilities0000000000-465,578465,578
share issue0-287,115,4500411,220,445-89,970,259-137,553,4251,393,701,879-17,201,0847,119,503142,176,742191,717,709559,061,824
interest7,170,2593,349,9581,188,774-3,846,086-3,960,893-3,004,422-28,182,328-22,496,767-12,024,678-4,720,961-7,195,950-467,334
cash flow from financing6,062,302-275,742,7811,188,774407,374,359-86,313,411-148,175,5891,365,519,551-39,697,852-509,001,856480,173,507345,435,137559,060,069
cash and cash equivalents
cash0000000-1,211,39241,351619,611375,545174,884
overdraft000000000000
change in cash0000000-1,211,39241,351619,611375,545174,884

subsea 7 offshore resources (uk) 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 subsea 7 offshore resources (uk) limited. Get real-time insights into subsea 7 offshore resources (uk) 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

Subsea 7 Offshore Resources (uk) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for subsea 7 offshore resources (uk) limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mega companies, companies in SM2 area or any other competitors across 12 key performance metrics.

subsea 7 offshore resources (uk) limited Ownership

SUBSEA 7 OFFSHORE RESOURCES (UK) LIMITED group structure

Subsea 7 Offshore Resources (Uk) Limited has no subsidiary companies.

Ultimate parent company

SUBSEA 7 SA

#0061195

2 parents

SUBSEA 7 OFFSHORE RESOURCES (UK) LIMITED

07762973

SUBSEA 7 OFFSHORE RESOURCES (UK) LIMITED Shareholders

subsea 7 international holdings (uk) limited 100%

subsea 7 offshore resources (uk) limited directors

Subsea 7 Offshore Resources (Uk) Limited currently has 4 directors. The longest serving directors include Mr John Gordon (Sep 2011) and Mr Simon Ellis (Oct 2014).

officercountryagestartendrole
Mr John GordonEngland57 years Sep 2011- Director
Mr Simon EllisEngland49 years Oct 2014- Director
Mr Jonathan TameUnited Kingdom59 years Oct 2020- Director
Mr Jonathan TameUnited Kingdom59 years Oct 2020- Director

P&L

December 2023

turnover

160.9m

+8%

operating profit

181.9m

+7%

gross margin

46.3%

-9.27%

turnover

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

Balance Sheet

December 2023

net assets

1.9b

-0.08%

total assets

2b

-0.07%

cash

0

0%

net assets

Total assets minus all liabilities

subsea 7 offshore resources (uk) limited company details

company number

07762973

Type

Private limited with Share Capital

industry

09100 - Support activities for petroleum and natural gas extraction

incorporation date

September 2011

age

14

incorporated

UK

ultimate parent company

SUBSEA 7 SA

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

ERNST & YOUNG LLP

address

40 brighton road, sutton, surrey, SM2 5BN

Bank

-

Legal Advisor

-

subsea 7 offshore resources (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 7 charges/mortgages relating to subsea 7 offshore resources (uk) limited. Currently there are 7 open charges and 0 have been satisfied in the past.

subsea 7 offshore resources (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 SUBSEA 7 OFFSHORE RESOURCES (UK) LIMITED. This can take several minutes, an email will notify you when this has completed.

subsea 7 offshore resources (uk) limited Companies House Filings - See Documents

datedescriptionview/download