n-sea offshore ltd
n-sea offshore ltd Company Information
Company Number
08821499
Next Accounts
Jan 2025
Industry
Support activities for petroleum and natural gas extraction
Shareholders
n-sea holding b.v.
Group Structure
View All
Contact
Registered Address
frp advisory trading limited (ab, 110 cannon street, london, EC4N 6EU
Website
www.n-sea.comn-sea offshore ltd Estimated Valuation
Pomanda estimates the enterprise value of N-SEA OFFSHORE LTD at £23.8m based on a Turnover of £27.7m and 0.86x industry multiple (adjusted for size and gross margin).
n-sea offshore ltd Estimated Valuation
Pomanda estimates the enterprise value of N-SEA OFFSHORE LTD at £2.5m based on an EBITDA of £894.8k and a 2.79x industry multiple (adjusted for size and gross margin).
n-sea offshore ltd Estimated Valuation
Pomanda estimates the enterprise value of N-SEA OFFSHORE LTD at £838.6k based on Net Assets of £571.7k and 1.47x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
N-sea Offshore Ltd Overview
N-sea Offshore Ltd is a dissolved company that was located in london, EC4N 6EU with a Companies House number of 08821499. It operated in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in December 2013, it's largest shareholder was n-sea holding b.v. with a 100% stake. The last turnover for N-sea Offshore Ltd was estimated at £27.7m.
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N-sea Offshore Ltd Health Check
Pomanda's financial health check has awarded N-Sea Offshore Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
4 Weak
Size
annual sales of £27.7m, make it larger than the average company (£13.8m)
£27.7m - N-sea Offshore Ltd
£13.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (0.1%)
5% - N-sea Offshore Ltd
0.1% - Industry AVG
Production
with a gross margin of 10.4%, this company has a higher cost of product (20.8%)
10.4% - N-sea Offshore Ltd
20.8% - Industry AVG
Profitability
an operating margin of 0.8% make it less profitable than the average company (3.7%)
0.8% - N-sea Offshore Ltd
3.7% - Industry AVG
Employees
with 69 employees, this is above the industry average (43)
69 - N-sea Offshore Ltd
43 - Industry AVG
Pay Structure
on an average salary of £98.7k, the company has a higher pay structure (£69.6k)
£98.7k - N-sea Offshore Ltd
£69.6k - Industry AVG
Efficiency
resulting in sales per employee of £402k, this is more efficient (£240.8k)
£402k - N-sea Offshore Ltd
£240.8k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (54 days)
5 days - N-sea Offshore Ltd
54 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is slower than average (23 days)
38 days - N-sea Offshore Ltd
23 days - Industry AVG
Stock Days
it holds stock equivalent to 12 days, this is less than average (21 days)
12 days - N-sea Offshore Ltd
21 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - N-sea Offshore Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.9%, this is a higher level of debt than the average (61.6%)
93.9% - N-sea Offshore Ltd
61.6% - Industry AVG
N-SEA OFFSHORE LTD financials
N-Sea Offshore Ltd's latest turnover from December 2019 is £27.7 million and the company has net assets of £571.7 thousand. According to their latest financial statements, N-Sea Offshore Ltd has 69 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|
| Turnover | 27,736,138 | 32,089,579 | 20,924,291 | 24,071,148 | 26,110,470 | 26,004,382 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 24,865,004 | 28,294,235 | 18,879,575 | 19,174,579 | 19,799,023 | 21,628,519 |
| Gross Profit | 2,871,134 | 3,795,344 | 2,044,716 | 4,896,569 | 6,311,447 | 4,375,863 |
| Admin Expenses | 2,636,934 | 3,614,854 | 5,047,592 | 4,963,612 | 4,276,179 | 5,492,836 |
| Operating Profit | 234,200 | 180,490 | -3,002,876 | -67,043 | 2,035,268 | -1,116,973 |
| Interest Payable | 466,707 | 750,436 | 712,354 | 610,059 | 572,357 | 474,268 |
| Interest Receivable | 13 | 77,610 | 1,477 | 23,857 | 0 | |
| Pre-Tax Profit | -232,494 | -569,908 | -3,637,620 | -675,625 | 1,486,768 | -1,591,241 |
| Tax | 135,401 | 90,581 | 600,267 | 125,421 | -2,251 | -18,622 |
| Profit After Tax | -97,093 | -479,327 | -3,037,353 | -550,204 | 1,484,517 | -1,609,863 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -97,093 | -479,327 | -3,037,353 | -550,204 | 1,484,517 | -1,609,863 |
| Employee Costs | 6,811,936 | 3,136,512 | 2,535,110 | 2,595,274 | 4,562,532 | 7,367,827 |
| Number Of Employees | 69 | 38 | 36 | 34 | 47 | 43 |
| EBITDA* | 894,805 | 1,055,997 | -716,871 | 1,581,041 | 3,674,097 | 794,628 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 2,153,684 | 3,599,888 | 3,501,800 | 3,919,442 | 3,742,820 | 4,555,608 |
| Intangible Assets | 0 | 0 | 0 | 1,320,626 | 1,980,938 | 2,641,250 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 940,159 | 0 | 739,631 | 150,271 | 0 | 0 |
| Total Fixed Assets | 3,093,843 | 3,599,888 | 4,241,431 | 5,390,339 | 5,723,758 | 7,196,858 |
| Stock & work in progress | 832,120 | 752,949 | 559,991 | 211,441 | 195,294 | 100,000 |
| Trade Debtors | 418,879 | 294,632 | 3,984,475 | 3,359,079 | 48,840 | 132,791 |
| Group Debtors | 2,710,471 | 0 | 3,000,684 | 3,026,416 | 3,312,997 | 1,962,803 |
| Misc Debtors | 2,291,001 | 0 | 2,949,022 | 955,833 | 742,995 | 957,461 |
| Cash | 0 | 383 | 760 | 1,438,460 | 2,361,742 | 1,593,221 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,252,471 | 8,047,330 | 10,494,932 | 8,991,229 | 6,661,868 | 4,746,276 |
| total assets | 9,346,314 | 11,647,218 | 14,736,363 | 14,381,568 | 12,385,626 | 11,943,134 |
| Bank overdraft | 699,874 | 200,216 | 1,791,364 | 0 | 996,822 | 0 |
| Bank loan | 0 | 0 | 0 | 996,822 | 0 | 2,000,000 |
| Trade Creditors | 2,637,226 | 2,868,110 | 4,014,571 | 2,672,543 | 1,233,234 | 1,358,843 |
| Group/Directors Accounts | 0 | 0 | 6,497,476 | 5,937,029 | 4,821,618 | 4,568,605 |
| other short term finances | 0 | 7,140,023 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 135,308 | 0 | 126,486 | 0 | 0 | 0 |
| other current liabilities | 869,173 | 0 | 686,801 | 548,793 | 582,217 | 745,940 |
| total current liabilities | 4,341,581 | 10,638,561 | 13,116,698 | 10,155,187 | 7,633,891 | 8,673,388 |
| loans | 4,253,147 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 175,339 | 0 | 441,544 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 4,583 | 0 | 30,037 | 40,944 | 16,094 | 18,622 |
| total long term liabilities | 4,433,069 | 339,900 | 471,581 | 40,944 | 16,094 | 18,622 |
| total liabilities | 8,774,650 | 10,978,461 | 13,588,279 | 10,196,131 | 7,649,985 | 8,692,010 |
| net assets | 571,664 | 668,757 | 1,148,084 | 4,185,437 | 4,735,641 | 3,251,124 |
| total shareholders funds | 571,664 | 668,757 | 1,148,084 | 4,185,437 | 4,735,641 | 3,251,124 |
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 234,200 | 180,490 | -3,002,876 | -67,043 | 2,035,268 | -1,116,973 |
| Depreciation | 660,605 | 875,507 | 965,379 | 987,772 | 978,517 | 1,251,288 |
| Amortisation | 0 | 1,320,626 | 660,312 | 660,312 | 660,313 | |
| Tax | 135,401 | 90,581 | 600,267 | 125,421 | -2,251 | -18,622 |
| Stock | 79,171 | 192,958 | 348,550 | 16,147 | 95,294 | 100,000 |
| Debtors | 6,065,878 | -10,379,180 | 3,182,213 | 3,386,767 | 1,051,777 | 3,053,055 |
| Creditors | -230,884 | -1,146,461 | 1,342,028 | 1,439,309 | -125,609 | 1,358,843 |
| Accruals and Deferred Income | 869,173 | -686,801 | 138,008 | -33,424 | -163,723 | 745,940 |
| Deferred Taxes & Provisions | 4,583 | -30,037 | -10,907 | 24,850 | -2,528 | 18,622 |
| Cash flow from operations | -4,471,971 | -2,178,238 | -265,717 | 2,232,915 | -253,644 | |
| Investing Activities | ||||||
| capital expenditure | -268,664 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -268,664 | |||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | -996,822 | 996,822 | -2,000,000 | 2,000,000 |
| Group/Directors Accounts | 0 | -6,497,476 | 560,447 | 1,115,411 | 253,013 | 4,568,605 |
| Other Short Term Loans | -7,140,023 | 7,140,023 | 0 | 0 | 0 | 0 |
| Long term loans | 4,253,147 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 310,647 | -568,030 | 568,030 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -466,694 | -634,744 | -608,582 | -548,500 | -474,268 | |
| cash flow from financing | -3,042,923 | -503,089 | 1,503,651 | -2,295,487 | 10,955,324 | |
| cash and cash equivalents | ||||||
| cash | -383 | -377 | -1,437,700 | -923,282 | 768,521 | 1,593,221 |
| overdraft | 499,658 | -1,591,148 | 1,791,364 | -996,822 | 996,822 | 0 |
| change in cash | -500,041 | 1,590,771 | -3,229,064 | 73,540 | -228,301 | 1,593,221 |
n-sea offshore ltd Credit Report and Business Information
N-sea Offshore Ltd Competitor Analysis
Perform a competitor analysis for n-sea offshore ltd by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other undefined companies, companies in EC4N area or any other competitors across 12 key performance metrics.
n-sea offshore ltd Ownership
N-SEA OFFSHORE LTD group structure
N-Sea Offshore Ltd has no subsidiary companies.
Ultimate parent company
N-SEA HOLDING BV
#0090430
1 parent
N-SEA OFFSHORE LTD
08821499
n-sea offshore ltd directors
N-Sea Offshore Ltd currently has 2 directors. The longest serving directors include Mr Arnoldus Van Poppel (Jun 2019) and Mr Martin Adler (Apr 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Arnoldus Van Poppel | Scotland | 59 years | Jun 2019 | - | Director |
| Mr Martin Adler | 59 years | Apr 2021 | - | Director |
P&L
December 2019turnover
27.7m
-14%
operating profit
234.2k
+30%
gross margin
10.4%
-12.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
571.7k
-0.15%
total assets
9.3m
-0.2%
cash
0
-1%
net assets
Total assets minus all liabilities
n-sea offshore ltd company details
company number
08821499
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
December 2013
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2019
previous names
N/A
accountant
-
auditor
MHA HENDERSON LOGGIE
address
frp advisory trading limited (ab, 110 cannon street, london, EC4N 6EU
Bank
ING BANK NV
Legal Advisor
CMS CAMERON MCKENNA LLP
n-sea offshore 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 did not find charges/mortgages relating to n-sea offshore ltd.
n-sea offshore ltd 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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n-sea offshore ltd Companies House Filings - See Documents
| date | description | view/download |
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