technipfmc plc
technipfmc plc Company Information
Company Number
09909709
Website
www.technipfmc.comRegistered Address
hadrian house wincomblee road, newcastle upon tyne, NE6 3PL
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Manufacture of metal structures and parts of structures
Telephone
02034293950
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
undisclosed 72.6%
t rowe price associates inc. 11.8%
View Alltechnipfmc plc Estimated Valuation
Pomanda estimates the enterprise value of TECHNIPFMC PLC at £5.9b based on a Turnover of £5.4b and 1.09x industry multiple (adjusted for size and gross margin).
technipfmc plc Estimated Valuation
Pomanda estimates the enterprise value of TECHNIPFMC PLC at £4.5b based on an EBITDA of £559.2m and a 8.04x industry multiple (adjusted for size and gross margin).
technipfmc plc Estimated Valuation
Pomanda estimates the enterprise value of TECHNIPFMC PLC at £6.1b based on Net Assets of £2.6b and 2.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Technipfmc Plc AI Business Plan
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Technipfmc Plc Overview
Technipfmc Plc is a live company located in newcastle upon tyne, NE6 3PL with a Companies House number of 09909709. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in December 2015, it's largest shareholder is undisclosed with a 72.6% stake. Technipfmc Plc is a young, mega sized company, Pomanda has estimated its turnover at £5.4b with declining growth in recent years.
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Technipfmc Plc Health Check
Pomanda's financial health check has awarded Technipfmc Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £5.4b, make it larger than the average company (£10.5m)
£5.4b - Technipfmc Plc
£10.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (2%)
-21% - Technipfmc Plc
2% - Industry AVG
Production
with a gross margin of 25.2%, this company has a comparable cost of product (25.2%)
25.2% - Technipfmc Plc
25.2% - Industry AVG
Profitability
an operating margin of 4.8% make it as profitable than the average company (5.7%)
4.8% - Technipfmc Plc
5.7% - Industry AVG
Employees
with 21185 employees, this is above the industry average (49)
21185 - Technipfmc Plc
49 - Industry AVG
Pay Structure
on an average salary of £65.8k, the company has an equivalent pay structure (£55.7k)
£65.8k - Technipfmc Plc
£55.7k - Industry AVG
Efficiency
resulting in sales per employee of £253.3k, this is more efficient (£167.9k)
£253.3k - Technipfmc Plc
£167.9k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (60 days)
105 days - Technipfmc Plc
60 days - Industry AVG
Creditor Days
its suppliers are paid after 176 days, this is slower than average (35 days)
176 days - Technipfmc Plc
35 days - Industry AVG
Stock Days
it holds stock equivalent to 76 days, this is more than average (36 days)
76 days - Technipfmc Plc
36 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is average cash available to meet short term requirements (12 weeks)
12 weeks - Technipfmc Plc
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.3%, this is a higher level of debt than the average (58.2%)
65.3% - Technipfmc Plc
58.2% - Industry AVG
technipfmc plc Credit Report and Business Information
Technipfmc Plc Competitor Analysis
Perform a competitor analysis for technipfmc plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
technipfmc plc Ownership
TECHNIPFMC PLC group structure
Technipfmc Plc has 3 subsidiary companies.
Ultimate parent company
TECHNIPFMC PLC
09909709
3 subsidiaries
technipfmc plc directors
Technipfmc Plc currently has 9 directors. The longest serving directors include Mr Douglas Pferdehirt (Jan 2017) and Mr John O'Leary (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Douglas Pferdehirt | England | 60 years | Jan 2017 | - | Director |
| Mr John O'Leary | England | 68 years | Jan 2017 | - | Director |
| Ms Kay Priestly | England | 68 years | Jan 2017 | - | Director |
| Ms Claire Farley | United Kingdom | 65 years | Jan 2017 | - | Director |
| Mr Eleazar De Carvalho Filho | England | 66 years | Jan 2017 | - | Director |
| Mr John Yearwood | England | 64 years | Jun 2019 | - | Director |
| Ms Margareth Ovrum | England | 65 years | Oct 2020 | - | Director |
| Ms Sophie Zurquiyah | England | 57 years | Apr 2021 | - | Director |
| Mr Robert Gwin | England | 61 years | Feb 2023 | - | Director |
TECHNIPFMC PLC financials
Technipfmc Plc's latest turnover from December 2022 is £5.4 billion and the company has net assets of £2.6 billion. According to their latest financial statements, Technipfmc Plc has 21,185 employees and maintains cash reserves of £843.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Jan 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 5,365,108,488 | 5,115,906,190 | 357,043,947 | 5,010,269,773 | 10,942,298,289 | 10,268,867,156 | 11,538,738,601 | 6,677,990,708 |
| Other Income Or Grants | 0 | |||||||
| Cost Of Sales | 9,592,842,363 | |||||||
| Gross Profit | 1,945,896,237 | |||||||
| Admin Expenses | ||||||||
| Operating Profit | -3,184,971,941 | |||||||
| Interest Payable | 143,506,701 | 165,204,212 | 211,719,262 | 124,540,159 | 500,651,997 | 421,760,391 | 387,922,446 | 99,811,266 |
| Interest Receivable | 15,395,660 | 15,156,349 | 34,181,182 | 40,159,411 | 94,376,528 | 98,696,006 | 132,730,477 | 63,225,900 |
| Pre-Tax Profit | 32,546,267 | -124,760,689 | -3,362,510,021 | -2,645,999,387 | -1,773,268,134 | -1,099,103,504 | 415,127,596 | 305,894,309 |
| Tax | -100,271,219 | -65,092,533 | 46,498,069 | -11,189,454 | -224,205,379 | -323,553,382 | -449,153,192 | -104,965,157 |
| Profit After Tax | -67,724,952 | -189,853,223 | -3,316,011,952 | -2,657,188,841 | -1,997,473,513 | -1,422,656,887 | -34,025,596 | 200,929,152 |
| Dividends Paid | 0 | 0 | 41,542,162 | 0 | 189,731,051 | 194,050,530 | 46,440,340 | 190,621,370 |
| Retained Profit | -47,463,306 | -190,491,385 | -3,357,554,114 | -2,497,240,956 | -2,184,678,077 | -1,607,905,460 | -96,482,489 | 35,351,336 |
| Employee Costs | 1,394,384,174 | 1,333,359,923 | 1,488,963,826 | 2,574,816,626 | 2,610,920,945 | 2,580,580,887 | 1,614,329,268 | |
| Number Of Employees | 21,185 | 20,063 | 37,167 | 37,144 | ||||
| EBITDA* | -3,184,971,941 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Jan 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,015,874,282 | 3,128,430,121 | 0 | 3,957,158,185 | 4,014,995,925 | 3,671,801,141 | 3,929,496,513 | 2,788,617,886 |
| Intangible Assets | 683,551,372 | 761,486,918 | 0 | 2,786,480,687 | 5,494,050,530 | 7,229,502,852 | 7,886,504,713 | 2,884,509,292 |
| Investments & Other | 259,253,350 | 233,248,245 | 9,018,803,294 | 299,049,662 | 277,017,114 | 307,579,461 | 211,433,825 | 457,680,023 |
| Debtors (Due After 1 year) | 182,195,277 | 193,682,195 | 0 | 359,671,980 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,623,643,905 | 3,809,428,844 | 9,018,803,294 | 6,383,966,891 | 9,509,046,454 | 10,901,303,993 | 11,816,001,226 | 5,673,127,177 |
| Stock & work in progress | 840,060,625 | 835,035,098 | 0 | 982,142,857 | 1,160,472,697 | 1,024,449,877 | 756,839,604 | 242,958,768 |
| Trade Debtors | 1,557,833,440 | 1,580,567,964 | 0 | 1,831,238,504 | 1,859,331,703 | 2,011,246,944 | 1,228,063,453 | 1,003,992,451 |
| Group Debtors | 0 | 0 | 137,307,776 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 124,553,603 | 970,876,762 | 0 | 0 | 0 | 465,592,334 |
| Cash | 843,251,435 | 1,058,870,453 | 0 | 3,684,625,996 | 4,229,910,350 | 4,516,870,415 | 5,163,154,264 | 4,550,885,598 |
| misc current assets | 649,409,700 | 741,384,812 | 64,791,196 | 1,071,581,852 | 2,454,930,725 | 2,062,510,187 | 2,797,072,573 | 1,675,813,008 |
| total current assets | 4,025,366,943 | 4,304,403,318 | 326,652,576 | 8,796,750,460 | 9,704,645,477 | 9,615,077,425 | 9,945,129,895 | 7,939,242,160 |
| total assets | 7,649,010,848 | 8,113,832,162 | 9,345,455,871 | 15,180,717,351 | 19,213,691,931 | 20,516,381,418 | 21,761,131,121 | 13,612,369,337 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,944,479,898 | 1,820,756,222 | 1,370,818,453 | 2,100,781,729 | 2,168,459,658 | 2,127,791,361 | 3,034,025,596 | 2,818,815,331 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 334,077,855 | 221,681,557 | 614,678,230 | 1,656,652,360 | 2,006,682,966 | 1,616,544,417 | 1,170,741,052 | 649,245,063 |
| hp & lease commitments | 148,931,078 | 100,670,070 | 0 | 209,917,228 | 0 | 0 | 0 | 0 |
| other current liabilities | 988,034,459 | 957,881,300 | 51,964,142 | 5,254,521,764 | 5,678,728,605 | 5,254,441,725 | 4,439,190,740 | 4,652,003,481 |
| total current liabilities | 3,415,523,293 | 3,100,989,151 | 2,037,460,826 | 9,221,873,084 | 9,853,871,231 | 8,998,777,506 | 8,643,957,391 | 8,120,063,879 |
| loans | 2,691,289,086 | 3,881,461,390 | 5,697,179,505 | 4,115,803,187 | 3,324,449,877 | 4,186,552,567 | 4,123,151,199 | 2,573,098,141 |
| hp & lease commitments | 547,064,454 | 515,794,511 | 0 | 675,199,264 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 76,818,761 | 73,308,870 | 0 | 96,106,683 | 0 | 0 | 0 | 0 |
| other liabilities | 62,141,033 | 65,650,925 | 98,680,854 | 158,338,442 | 909,209,453 | 445,965,770 | 282,933,558 | 123,838,559 |
| provisions | 185,386,087 | 291,320,994 | 0 | 765,328,018 | 1,008,149,957 | 985,167,072 | 1,221,089,738 | 645,905,921 |
| total long term liabilities | 1,578,733,247 | 2,231,573,069 | 5,795,860,360 | 2,703,939,300 | 3,096,984,515 | 3,050,122,248 | 2,981,147,981 | 1,815,984,320 |
| total liabilities | 4,994,256,540 | 5,332,562,220 | 7,833,321,187 | 11,925,812,384 | 12,950,855,746 | 12,048,899,754 | 11,625,105,372 | 9,936,048,199 |
| net assets | 2,625,638,162 | 2,768,746,011 | 1,512,134,684 | 3,175,352,545 | 6,205,867,970 | 8,410,594,948 | 10,119,549,391 | 3,676,321,138 |
| total shareholders funds | 2,625,638,162 | 2,768,746,011 | 1,512,134,684 | 3,175,352,544 | 6,205,867,971 | 8,410,594,947 | 10,119,549,391 | 3,676,321,138 |
| Dec 2022 | Dec 2021 | Jan 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -3,184,971,941 | |||||||
| Depreciation | 227,983,408 | 253,270,581 | 0 | 143,010,423 | 312,387,938 | 303,422,983 | 290,750,249 | 205,574,913 |
| Amortisation | 73,388,640 | 75,063,816 | 0 | 0 | 102,689,486 | 148,818,255 | 187,370,679 | 12,703,252 |
| Tax | -100,271,219 | -65,092,533 | 46,498,069 | -11,189,454 | -224,205,379 | -323,553,382 | -449,153,192 | -104,965,157 |
| Stock | 5,025,527 | -147,107,759 | -982,142,857 | -178,329,840 | 136,022,820 | 267,610,273 | 513,880,836 | 242,958,768 |
| Debtors | -34,221,443 | -1,387,537,087 | -2,899,925,866 | 1,302,455,543 | -151,915,240 | 783,183,490 | -241,521,332 | 1,469,584,785 |
| Creditors | 123,723,676 | -280,025,507 | -729,963,276 | -67,677,929 | 40,668,297 | -906,234,235 | 215,210,265 | 2,818,815,331 |
| Accruals and Deferred Income | 33,663,050 | -4,319,438,277 | -5,298,664,305 | -328,100,158 | 424,286,880 | 815,250,985 | -212,812,741 | 4,652,003,481 |
| Deferred Taxes & Provisions | -105,934,907 | -474,007,024 | -765,328,018 | -242,821,939 | 22,982,885 | -235,922,666 | 575,183,817 | 645,905,921 |
| Cash flow from operations | -6,050,360,748 | |||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 26,005,105 | -65,801,417 | 8,719,753,632 | 22,032,548 | -30,562,347 | 96,145,636 | -246,246,198 | 457,680,023 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 112,396,298 | -1,434,970,803 | -1,041,974,130 | -350,030,606 | 390,138,549 | 445,803,365 | 521,495,989 | 649,245,063 |
| Long term loans | -1,190,172,304 | -234,341,797 | 1,581,376,318 | 791,353,310 | -862,102,690 | 63,401,368 | 1,550,053,058 | 2,573,098,141 |
| Hire Purchase and Lease Commitments | 79,530,951 | -268,651,911 | -885,116,492 | 885,116,492 | 0 | 0 | 0 | 0 |
| other long term liabilities | -3,509,892 | -92,687,517 | -59,657,588 | -750,871,011 | 463,243,683 | 163,032,212 | 159,094,999 | 123,838,559 |
| share issue | ||||||||
| interest | -128,111,041 | -150,047,863 | -177,538,080 | -84,380,748 | -406,275,469 | -323,064,385 | -255,191,969 | -36,585,366 |
| cash flow from financing | -1,225,510,531 | -2,396,815,039 | 1,111,426,282 | -42,087,033 | -435,044,826 | 248,123,576 | 8,515,162,819 | 6,950,566,199 |
| cash and cash equivalents | ||||||||
| cash | -215,619,018 | -2,625,755,543 | -3,684,625,996 | -545,284,354 | -286,960,065 | -646,283,849 | 612,268,666 | 4,550,885,598 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -215,619,018 | -2,625,755,543 | -3,684,625,996 | -545,284,354 | -286,960,065 | -646,283,849 | 612,268,666 | 4,550,885,598 |
P&L
December 2022turnover
5.4b
+5%
operating profit
257.9m
0%
gross margin
25.3%
+9.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.6b
-0.05%
total assets
7.6b
-0.06%
cash
843.3m
-0.2%
net assets
Total assets minus all liabilities
Similar Companies
technipfmc plc company details
company number
09909709
Type
Public limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
25110 - Manufacture of metal structures and parts of structures
incorporation date
December 2015
age
9
accounts
Group
ultimate parent company
previous names
technipfmc limited (January 2017)
fmc technologies sis limited (August 2016)
incorporated
UK
address
hadrian house wincomblee road, newcastle upon tyne, NE6 3PL
last accounts submitted
December 2022
technipfmc plc 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 10 charges/mortgages relating to technipfmc plc. Currently there are 9 open charges and 1 have been satisfied in the past.
technipfmc plc Companies House Filings - See Documents
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