aqualis offshore uk ltd
aqualis offshore uk ltd Company Information
Company Number
08384842
Website
aqualisoffshore.comRegistered Address
1st floor, the northern & shell, 10 lower thames street, london, EC3R 6EN
Industry
Other business support service activities n.e.c.
Telephone
02072643250
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
abl group holding ltd 100%
aqualis offshore uk ltd Estimated Valuation
Pomanda estimates the enterprise value of AQUALIS OFFSHORE UK LTD at £290.3k based on a Turnover of £584.4k and 0.5x industry multiple (adjusted for size and gross margin).
aqualis offshore uk ltd Estimated Valuation
Pomanda estimates the enterprise value of AQUALIS OFFSHORE UK LTD at £277.2k based on an EBITDA of £70.8k and a 3.91x industry multiple (adjusted for size and gross margin).
aqualis offshore uk ltd Estimated Valuation
Pomanda estimates the enterprise value of AQUALIS OFFSHORE UK LTD at £0 based on Net Assets of £-324.1k and 0.52x industry multiple (adjusted for liquidity).
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Aqualis Offshore Uk Ltd Overview
Aqualis Offshore Uk Ltd is a live company located in london, EC3R 6EN with a Companies House number of 08384842. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2013, it's largest shareholder is abl group holding ltd with a 100% stake. Aqualis Offshore Uk Ltd is a established, small sized company, Pomanda has estimated its turnover at £584.4k with declining growth in recent years.
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Aqualis Offshore Uk Ltd Health Check
Pomanda's financial health check has awarded Aqualis Offshore Uk Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
6 Weak
Size
annual sales of £584.4k, make it smaller than the average company (£3.8m)
£584.4k - Aqualis Offshore Uk Ltd
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -37%, show it is growing at a slower rate (3%)
-37% - Aqualis Offshore Uk Ltd
3% - Industry AVG
Production
with a gross margin of 29.7%, this company has a higher cost of product (38.8%)
29.7% - Aqualis Offshore Uk Ltd
38.8% - Industry AVG
Profitability
an operating margin of 10.2% make it more profitable than the average company (6.3%)
10.2% - Aqualis Offshore Uk Ltd
6.3% - Industry AVG
Employees
with 4 employees, this is below the industry average (24)
- Aqualis Offshore Uk Ltd
24 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Aqualis Offshore Uk Ltd
- - Industry AVG
Efficiency
resulting in sales per employee of £146.1k, this is equally as efficient (£157.8k)
- Aqualis Offshore Uk Ltd
£157.8k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is earlier than average (44 days)
29 days - Aqualis Offshore Uk Ltd
44 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Aqualis Offshore Uk Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Aqualis Offshore Uk Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (24 weeks)
6 weeks - Aqualis Offshore Uk Ltd
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 139.5%, this is a higher level of debt than the average (63.8%)
139.5% - Aqualis Offshore Uk Ltd
63.8% - Industry AVG
AQUALIS OFFSHORE UK LTD financials
Aqualis Offshore Uk Ltd's latest turnover from December 2022 is £584.4 thousand and the company has net assets of -£324.1 thousand. According to their latest financial statements, we estimate that Aqualis Offshore Uk Ltd has 4 employees and maintains cash reserves of £138.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 584,389 | 1,435,659 | 2,749,136 | 2,285,409 | 1,591,600 | 1,608,882 | 1,428,176 | 1,466,388 | 353,943 | 175,685 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 410,978 | 1,150,545 | 2,153,510 | 1,765,142 | 1,143,460 | 1,032,271 | 1,034,849 | 1,259,387 | 308,438 | 180,147 |
| Gross Profit | 173,411 | 285,114 | 595,626 | 520,267 | 448,140 | 576,611 | 393,327 | 207,001 | 45,505 | -4,462 |
| Admin Expenses | 113,808 | 218,931 | 507,110 | 541,196 | 496,391 | 327,452 | 515,196 | 367,603 | 138,277 | 65,364 |
| Operating Profit | 59,603 | 66,183 | 88,516 | -20,929 | -48,251 | 249,159 | -121,869 | -160,602 | -92,772 | -69,826 |
| Interest Payable | 77,661 | 71,883 | 21,060 | 32,249 | 30,962 | 23,902 | 19,557 | 7,771 | 1,014 | 196 |
| Interest Receivable | 0 | 0 | 4 | 12 | 179 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -18,058 | -5,700 | 67,460 | -53,166 | -79,034 | 225,257 | -141,426 | -168,373 | -93,786 | -70,022 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -18,058 | -5,700 | 67,460 | -53,166 | -79,034 | 225,257 | -141,426 | -168,373 | -93,786 | -70,022 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -18,058 | -5,700 | 67,460 | -53,166 | -79,034 | 225,257 | -141,426 | -168,373 | -93,786 | -70,022 |
| Employee Costs | 0 | 212,378 | 1,350,395 | 939,005 | 543,808 | 473,571 | 488,785 | 537,917 | 150,588 | 0 |
| Number Of Employees | 2 | 14 | 9 | 7 | 7 | 8 | 8 | 5 | ||
| EBITDA* | 70,825 | 78,730 | 106,972 | -6,420 | -35,154 | 255,156 | -119,385 | -127,134 | -55,529 | -68,727 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 11,222 | 24,118 | 37,454 | 3,061 | 5,214 | 0 | 2,484 | 26,402 | 12,086 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 11,222 | 24,118 | 37,454 | 3,061 | 5,214 | 0 | 2,484 | 26,402 | 12,086 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 47,827 | 86,134 | 246,394 | 609,226 | 438,033 | 324,712 | 352,019 | 353,033 | 140,754 | 12,168 |
| Group Debtors | 620,674 | 298,137 | 243,589 | 82,597 | 405,581 | 290,886 | 28,467 | 81,777 | 4,154 | 2,421 |
| Misc Debtors | 13,842 | 204,653 | 216,444 | 355,873 | 77,308 | 70,990 | 68,801 | 119,414 | 46,819 | 6,073 |
| Cash | 138,629 | 68,508 | 265,080 | 202,749 | 142,409 | 130,920 | 71,706 | 73,621 | 40,304 | 39,393 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 820,972 | 657,432 | 971,507 | 1,250,445 | 1,063,331 | 817,508 | 520,993 | 627,845 | 232,031 | 60,055 |
| total assets | 820,972 | 668,654 | 995,625 | 1,287,899 | 1,066,392 | 822,722 | 520,993 | 630,329 | 258,433 | 72,141 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 33,398 | 108,120 | 173,422 | 44,059 | 19,933 | 14,775 | 54,918 | 6,581 | 10,291 |
| Group/Directors Accounts | 1,108,250 | 876,911 | 1,034,771 | 1,204,365 | 1,204,373 | 171,557 | 115,379 | 162,283 | 208,681 | 111,862 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 11,764 | 11,214 | 10,689 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 36,800 | 52,601 | 130,076 | 244,225 | 132,574 | 110,847 | 49,096 | 82,268 | 64,835 | 7,240 |
| total current liabilities | 1,145,050 | 974,674 | 1,284,181 | 1,632,701 | 1,381,006 | 302,337 | 179,250 | 299,469 | 280,097 | 129,393 |
| loans | 0 | 0 | 0 | 0 | 0 | 755,965 | 802,580 | 650,271 | 129,374 | 0 |
| hp & lease commitments | 0 | 0 | 11,764 | 22,978 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 11,764 | 22,978 | 0 | 755,965 | 802,580 | 650,271 | 129,374 | 0 |
| total liabilities | 1,145,050 | 974,674 | 1,295,945 | 1,655,679 | 1,381,006 | 1,058,302 | 981,830 | 949,740 | 409,471 | 129,393 |
| net assets | -324,078 | -306,020 | -300,320 | -367,780 | -314,614 | -235,580 | -460,837 | -319,411 | -151,038 | -57,252 |
| total shareholders funds | -324,078 | -306,020 | -300,320 | -367,780 | -314,614 | -235,580 | -460,837 | -319,411 | -151,038 | -57,252 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 59,603 | 66,183 | 88,516 | -20,929 | -48,251 | 249,159 | -121,869 | -160,602 | -92,772 | -69,826 |
| Depreciation | 11,222 | 12,547 | 18,456 | 14,509 | 13,097 | 5,997 | 2,484 | 33,468 | 37,243 | 1,099 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 93,419 | -117,503 | -341,269 | 126,774 | 234,334 | 237,301 | -104,937 | 362,497 | 171,065 | 20,662 |
| Creditors | -33,398 | -74,722 | -65,302 | 129,363 | 24,126 | 5,158 | -40,143 | 48,337 | -3,710 | 10,291 |
| Accruals and Deferred Income | -15,801 | -77,475 | -114,149 | 111,651 | 21,727 | 61,751 | -33,172 | 17,433 | 57,595 | 7,240 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -71,793 | 44,036 | 268,790 | 107,820 | -223,635 | 84,764 | -87,763 | -423,861 | -172,709 | -71,858 |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 231,339 | -157,860 | -169,594 | -8 | 1,032,816 | 56,178 | -46,904 | -46,398 | 96,819 | 111,862 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -755,965 | -46,615 | 152,309 | 520,897 | 129,374 | 0 |
| Hire Purchase and Lease Commitments | -11,764 | -11,214 | -10,689 | 33,667 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -77,661 | -71,883 | -21,056 | -32,237 | -30,783 | -23,902 | -19,557 | -7,771 | -1,014 | -196 |
| cash flow from financing | 141,914 | -240,957 | -201,339 | 1,422 | 246,068 | -14,339 | 85,848 | 466,728 | 225,179 | 124,436 |
| cash and cash equivalents | ||||||||||
| cash | 70,121 | -196,572 | 62,331 | 60,340 | 11,489 | 59,214 | -1,915 | 33,317 | 911 | 39,393 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 70,121 | -196,572 | 62,331 | 60,340 | 11,489 | 59,214 | -1,915 | 33,317 | 911 | 39,393 |
aqualis offshore uk ltd Credit Report and Business Information
Aqualis Offshore Uk Ltd Competitor Analysis
Perform a competitor analysis for aqualis offshore uk ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in EC3R area or any other competitors across 12 key performance metrics.
aqualis offshore uk ltd Ownership
AQUALIS OFFSHORE UK LTD group structure
Aqualis Offshore Uk Ltd has no subsidiary companies.
Ultimate parent company
AQUALISBRAEMAR ASA
#0113942
2 parents
AQUALIS OFFSHORE UK LTD
08384842
aqualis offshore uk ltd directors
Aqualis Offshore Uk Ltd currently has 2 directors. The longest serving directors include Mr Ian Cummins (Dec 2022) and Mr David Knottenbelt (Jun 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Cummins | England | 55 years | Dec 2022 | - | Director |
| Mr David Knottenbelt | England | 48 years | Jun 2024 | - | Director |
P&L
December 2022turnover
584.4k
-59%
operating profit
59.6k
-10%
gross margin
29.7%
+49.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-324.1k
+0.06%
total assets
821k
+0.23%
cash
138.6k
+1.02%
net assets
Total assets minus all liabilities
aqualis offshore uk ltd company details
company number
08384842
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2013
age
11
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
1st floor, the northern & shell, 10 lower thames street, london, EC3R 6EN
accountant
-
auditor
ROTHMANS AUDIT LLP
aqualis offshore uk ltd 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 1 charges/mortgages relating to aqualis offshore uk ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
aqualis offshore uk ltd Companies House Filings - See Documents
| date | description | view/download |
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