subsea 7 offshore resources (uk) limited Company Information
Company Number
07762973
Next Accounts
Sep 2025
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
Website
www.subsea7.comsubsea 7 offshore resources (uk) limited Estimated Valuation
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
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
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).
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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.
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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
6 Strong
1 Regular
2 Weak
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
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
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
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
with 737 employees, this is above the industry average (42)
- Subsea 7 Offshore Resources (uk) Limited
42 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Subsea 7 Offshore Resources (uk) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £218.4k, this is equally as efficient (£218.5k)
- Subsea 7 Offshore Resources (uk) Limited
£218.5k - Industry AVG
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
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
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Subsea 7 Offshore Resources (uk) Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Subsea 7 Offshore Resources (uk) Limited
- - Industry AVG
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
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 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 160,927,645 | 148,522,980 | 205,010,149 | 199,511,076 | 150,392,527 | 140,210,862 | 129,891,853 | 121,617,345 | 165,294,894 | 119,421,907 | 50,773,420 | 11,300,228 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Cost Of Sales | 86,541,088 | 72,857,362 | 105,123,114 | 108,332,010 | 102,006,978 | 110,963,289 | 129,358,327 | 114,813,237 | 80,136,248 | 26,289,248 | 3,448,558 | |
Gross Profit | 74,386,557 | 75,665,618 | 99,887,036 | 91,179,066 | 48,385,549 | 29,247,573 | 533,526 | 6,804,108 | 39,285,659 | 24,484,173 | 7,851,670 | |
Admin Expenses | -107,516,305 | -93,797,284 | -52,669,667 | 152,554,055 | 192,735,335 | 191,005,765 | -94,109,589 | -277,017,878 | 10,776 | 362,051,134 | 5,264 | |
Operating Profit | 181,902,862 | 169,462,902 | 152,556,703 | -61,374,989 | -144,349,786 | -161,758,192 | 94,643,115 | 283,821,986 | 9,103,678 | 39,274,883 | -337,566,961 | 7,846,406 |
Interest Payable | 2,302 | 138,878 | 766,040 | 3,917,571 | 3,960,893 | 3,631,675 | 28,353,761 | 22,496,767 | 12,024,678 | 4,720,961 | 7,198,513 | 494,239 |
Interest Receivable | 7,172,561 | 3,488,836 | 1,954,814 | 71,485 | 0 | 627,253 | 171,433 | 0 | 0 | 0 | 2,563 | 26,905 |
Pre-Tax Profit | 188,486,151 | 173,038,441 | 157,176,772 | -63,981,996 | -147,930,508 | -165,030,340 | 66,354,242 | 262,727,273 | -4,525,066 | 34,935,725 | -40,606,177 | 7,532,901 |
Tax | -10,048,339 | -10,482,621 | -2,246,933 | -3,626,335 | -1,503,235 | -3,010,467 | -2,307,138 | 10,744,770 | -3,322,210 | -8,717,574 | -9,621,299 | -2,747,266 |
Profit After Tax | 178,437,812 | 162,555,820 | 154,929,838 | -67,608,331 | -149,433,743 | -168,040,807 | 64,047,104 | 273,472,043 | -7,847,276 | 26,218,151 | -50,227,477 | 4,785,635 |
Dividends Paid | 337,604,542 | 0 | 220,633,660 | 0 | 0 | 121,359,223 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -159,166,731 | 162,555,820 | -65,703,821 | -67,608,331 | -149,433,743 | -289,400,030 | 64,047,104 | 273,472,043 | -7,847,276 | 26,218,151 | -50,227,477 | 4,785,635 |
Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Number Of Employees | ||||||||||||
EBITDA* | 275,986,342 | 258,092,534 | 256,484,865 | 36,627,835 | -7,888,348 | -60,722,087 | 210,756,228 | 422,132,370 | 134,514,977 | 103,701,794 | -314,662,309 | 7,846,406 |
* 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 1,145,792,987 | 1,173,337,681 | 2,133,193,010 | 2,202,219,575 | 1,940,609,871 | 2,274,186,893 | 2,527,417,288 | 1,980,686,953 | 1,696,919,913 | 1,256,738,511 | 693,600,538 | 637,684,389 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,856 | 0 | 0 |
Investments & Other | 685,964,091 | 756,756,695 | 762,540,817 | 709,871,149 | 623,541,469 | 848,078,186 | 1,049,770,888 | 511,223,278 | 191,071,705 | 189,527,365 | 157,769,448 | 474,018,248 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,057,426 | 0 | 0 | 0 |
Total Fixed Assets | 1,831,757,078 | 1,930,094,376 | 2,133,193,010 | 2,202,219,574 | 1,940,609,871 | 2,401,896,979 | 2,527,417,287 | 1,980,686,953 | 1,696,919,913 | 1,446,279,732 | 851,369,986 | 637,684,389 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 3,059,158 | 47,572 | 69,720 | 885,182 | 55,972 | 81,917 | 2,403 | 22,822 | 10,088 | 0 | 0 | 0 |
Group Debtors | 122,802,884 | 167,556,203 | 92,283,117 | 127,613,626 | 31,370,938 | 1,796,843 | 56,736,361 | 9,170,026 | 306,534 | 152,413 | 50,475,458 | 379,013 |
Misc Debtors | 3,289,342 | 4,827,744 | 1,254,081 | 959,315 | 459,402 | 5,585,195 | 4,680,765 | 11,348,041 | 21,939,313 | 1,532,599 | 1,245,033 | 836,988 |
Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,211,392 | 1,170,041 | 550,429 | 174,884 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 22,509,860 | 10,463,030 | 1,341,955 | 203,321 | 0 | 0 | 0 |
total current assets | 129,151,385 | 172,431,520 | 93,606,919 | 129,458,124 | 31,886,312 | 29,581,311 | 71,882,560 | 21,882,845 | 23,670,650 | 2,855,053 | 52,270,921 | 1,390,887 |
total assets | 1,960,908,463 | 2,102,525,896 | 2,226,799,929 | 2,331,677,698 | 1,972,496,183 | 2,431,478,290 | 2,599,299,847 | 2,002,569,798 | 1,720,590,563 | 1,449,134,786 | 903,640,907 | 639,075,276 |
Bank overdraft | 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 |
Trade Creditors | 4,167,882 | 1,430,983 | 2,580,531 | 2,958,256 | 560,442 | 1,500,303 | 2,001,122 | 14,374,287 | 5,624,709 | 48,157,186 | 2,439,446 | 548,634 |
Group/Directors Accounts | 6,914,755 | 8,022,712 | 1 | 0 | 0 | -7,617,741 | 0 | 0 | 1 | 504,096,682 | 161,299,500 | 1 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 79,456 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 21,844,548 | 918,437 | 19,250,727 | 58,551,759 | 45,553,535 | 144,460,465 | 7,440,518 | 858,919,740 | 832,028,555 | 10,145,485 | 28,326,925 | 73,414,047 |
total current liabilities | 32,927,185 | 10,372,132 | 21,831,259 | 61,510,017 | 46,113,978 | 138,279,733 | 9,441,641 | 873,294,028 | 837,653,267 | 562,399,353 | 192,145,329 | 73,962,684 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 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 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 465,578 |
provisions | 13,132,049 | 18,137,804 | 12,786,160 | 11,776,542 | 11,429,816 | 11,442,762 | 5,666,906 | 0 | 19,864,968 | 13,002,848 | 6,157,887 | 1,599,110 |
total long term liabilities | 13,132,049 | 18,137,804 | 6,393,080 | 5,888,271 | 5,714,908 | 5,721,381 | 2,833,453 | 0 | 9,932,484 | 13,002,848 | 6,157,888 | 1,265,134 |
total liabilities | 46,059,234 | 28,509,936 | 28,224,339 | 67,398,288 | 51,828,886 | 144,001,114 | 12,275,094 | 873,294,028 | 847,585,751 | 575,402,202 | 198,303,217 | 75,227,818 |
net assets | 1,914,849,229 | 2,074,015,959 | 2,198,575,590 | 2,264,279,410 | 1,920,667,297 | 2,287,477,176 | 2,587,024,754 | 1,129,275,770 | 873,004,812 | 873,732,584 | 705,337,691 | 563,847,459 |
total shareholders funds | 1,914,849,229 | 2,074,015,959 | 2,198,575,589 | 2,264,279,410 | 1,920,667,297 | 2,160,071,299 | 2,587,024,754 | 1,129,275,770 | 873,004,811 | 873,732,584 | 705,337,691 | 563,847,459 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||
Operating Profit | 181,902,862 | 169,462,902 | 152,556,703 | -61,374,989 | -144,349,786 | -161,758,192 | 94,643,115 | 283,821,986 | 9,103,678 | 39,274,883 | -337,566,961 | 7,846,406 |
Depreciation | 94,083,480 | 88,629,632 | 103,928,162 | 98,002,824 | 136,461,438 | 101,036,104 | 116,113,114 | 138,310,384 | 125,411,299 | 64,426,911 | 22,904,652 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -10,048,339 | -10,482,621 | -2,246,933 | -3,626,335 | -1,503,235 | -3,010,467 | -2,307,138 | 10,744,770 | -3,322,210 | -8,717,574 | -9,621,299 | -2,747,266 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -43,280,135 | 78,824,600 | -35,851,204 | 97,571,811 | 24,417,755 | -53,950,973 | 40,878,640 | -6,772,472 | 25,628,350 | -50,035,480 | 50,504,490 | 1,216,002 |
Creditors | 2,736,899 | -1,149,548 | -377,725 | 2,397,814 | -939,861 | -500,818 | -12,373,165 | 8,749,578 | -42,532,477 | 45,717,739 | 1,890,812 | 548,634 |
Accruals and Deferred Income | 20,926,111 | -18,332,290 | -39,301,032 | 12,998,224 | -98,906,930 | 137,019,947 | -851,479,222 | 26,891,185 | 821,883,070 | -18,181,440 | -45,087,122 | 73,414,047 |
Deferred Taxes & Provisions | -5,005,755 | 5,351,644 | 1,009,618 | 346,726 | -12,946 | 5,775,856 | 5,666,906 | -19,864,968 | 6,862,120 | 6,844,961 | 4,558,777 | 1,599,110 |
Cash flow from operations | 327,875,393 | 154,655,119 | 251,419,997 | -48,827,547 | -133,669,075 | 132,513,403 | -690,615,030 | 455,425,407 | 891,777,130 | 179,400,960 | -413,425,631 | 79,444,929 |
Investing Activities | ||||||||||||
capital expenditure | ||||||||||||
Change in Investments | -70,792,603 | -5,784,122 | 52,669,668 | 86,329,680 | -224,536,717 | -201,692,702 | 538,547,610 | 320,151,573 | 1,544,340 | 31,757,917 | -316,248,800 | 474,018,248 |
cash flow from investments | ||||||||||||
Financing Activities | ||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -1,107,957 | 8,022,711 | 0 | 0 | 7,617,741 | -7,617,742 | 0 | -1 | -504,096,681 | 342,797,182 | 161,299,500 | 1 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -79,456 | 79,456 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -465,578 | 465,578 |
share issue | ||||||||||||
interest | 7,170,259 | 3,349,958 | 1,188,774 | -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 financing | 6,062,302 | -275,742,781 | 1,188,774 | 407,374,359 | -86,313,411 | -148,175,589 | 1,365,519,551 | -39,697,852 | -509,001,856 | 480,173,507 | 345,435,137 | 559,060,069 |
cash and cash equivalents | ||||||||||||
cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,211,392 | 41,351 | 619,611 | 375,545 | 174,884 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,211,392 | 41,351 | 619,611 | 375,545 | 174,884 |
subsea 7 offshore resources (uk) limited Credit Report and Business Information
Subsea 7 Offshore Resources (uk) Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr John Gordon | England | 57 years | Sep 2011 | - | Director |
Mr Simon Ellis | England | 49 years | Oct 2014 | - | Director |
Mr Jonathan Tame | United Kingdom | 59 years | Oct 2020 | - | Director |
Mr Jonathan Tame | United Kingdom | 59 years | Oct 2020 | - | Director |
P&L
December 2023turnover
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 2023net 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
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.
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subsea 7 offshore resources (uk) limited Companies House Filings - See Documents
date | description | view/download |
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