Technipfmc Plc

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technipfmc plc Company Information

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YoungMegaHealthy

Company Number

09909709

Website

www.technipfmc.com

Registered Address

hadrian house wincomblee road, newcastle upon tyne, NE6 3PL

Industry

Manufacture of metal structures and parts of structures

Support activities for petroleum and natural gas extraction

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Telephone

02034293950

Next Accounts Due

June 2025

Group Structure

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Directors

Douglas Pferdehirt7 Years

Claire Farley7 Years

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Shareholders

undisclosed 63.1%

t. rowe price associates inc. 9.7%

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technipfmc plc Estimated Valuation

£7.9b

Pomanda estimates the enterprise value of TECHNIPFMC PLC at £7.9b based on a Turnover of £6.3b and 1.26x industry multiple (adjusted for size and gross margin).

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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 63.1% stake. Technipfmc Plc is a young, mega sized company, Pomanda has estimated its turnover at £6.3b with healthy growth in recent years.

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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

Health Rating4out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £6.3b, make it larger than the average company (£12.4m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (7.4%)

EXPORT

Technipfmc Plc's latest turnover from December 2023 is £6.3 billion and the company has net assets of £2.6 billion. According to their latest financial statements, Technipfmc Plc has 22,762 employees and maintains cash reserves of £763.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Jan 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
Turnover	6,283,294,533	5,399,133,018	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	0	0	0	0	0	0	0	0
Cost Of Sales	4,561,883,422	4,023,065,440	3,930,268,104	272,318,198	3,803,222,689	8,147,112,008	7,628,230,210	9,592,842,363	4,834,005,752
Gross Profit	1,721,411,111	1,376,067,578	1,185,638,086	84,725,749	1,207,047,084	2,795,186,281	2,640,636,946	1,945,896,237	1,843,984,957
Admin Expenses	1,414,374,238	1,179,670,224	1,073,446,388	3,269,697,690	3,369,585,863	4,447,153,477	3,716,268,583	1,743,445,833	1,466,509,456
Operating Profit	307,036,873	196,397,354	112,191,698	-3,184,971,941	-2,162,538,779	-1,651,967,196	-1,075,631,637	202,450,404	377,475,501
Interest Payable	156,056,836	144,416,794	165,204,212	211,719,262	124,540,159	500,651,997	421,760,391	387,922,446	99,811,266
Interest Receivable	37,890,342	15,493,296	15,156,349	34,181,182	40,159,411	94,376,528	98,696,006	132,730,477	63,225,900
Pre-Tax Profit	130,448,744	32,752,669	-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	-115,517,380	-100,907,120	-65,092,533	46,498,069	-11,189,454	-224,205,379	-323,553,382	-449,153,192	-104,965,157
Profit After Tax	14,931,364	-68,154,451	-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	0	41,542,162	0	189,731,051	194,050,530	46,440,340	190,621,370
Retained Profit	18,383,238	-109,737,497	-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	1,525,648,230	1,403,227,101	1,333,359,923	132,177,390	1,488,963,826	2,574,816,626	2,610,920,945	2,580,580,887	1,614,329,268
Number Of Employees	22,762	21,185	20,063	2,710	34,682	37,167	37,144	83,143	46,325
EBITDA*	610,801,824	498,315,953	440,526,094	-3,184,971,941	-2,019,528,356	-1,236,889,772	-623,390,399	680,571,332	595,753,666

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Jan 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
Tangible Assets	2,636,349,041	2,446,415,670	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	1,190,093,923	1,276,471,060	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	474,351,769	367,985,870	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)	154,611,864	76,262,342	193,682,195	0	359,671,980	0	0	0	0
Total Fixed Assets	3,671,831,098	3,646,624,387	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	888,416,151	845,388,135	835,035,098	0	982,142,857	1,160,472,697	1,024,449,877	756,839,604	242,958,768
Trade Debtors	1,745,283,776	1,618,126,355	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	0	137,307,776	0	0	0	0	0
Misc Debtors	0	0	0	124,553,603	970,876,762	0	0	0	465,592,334
Cash	763,907,842	848,599,181	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	560,568,355	653,768,965	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	4,233,121,939	4,101,549,330	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	7,904,953,037	7,748,173,717	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	0
Bank loan	0	0	0	0	0	0	0	0	0
Trade Creditors	1,087,822,108	1,029,140,242	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	0
other short term finances	123,464,718	336,196,516	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	119,611,463	149,875,571	100,670,070	0	209,917,228	0	0	0	0
other current liabilities	2,321,345,425	1,972,625,830	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	3,652,243,718	3,487,838,163	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	2,701,774,102	2,708,356,746	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	566,187,685	550,533,836	515,794,511	0	675,199,264	0	0	0	0
Accruals and Deferred Income	0	0	73,308,870	0	96,106,683	0	0	0	0
other liabilities	63,980,091	62,535,120	65,650,925	98,680,854	158,338,442	909,209,453	445,965,770	282,933,558	123,838,559
provisions	444,569,316	341,173,636	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	1,647,106,044	1,588,745,283	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	5,299,349,762	5,076,583,446	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	2,577,185,518	2,642,289,475	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	2,577,185,518	2,642,289,476	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 2023	Dec 2022	Dec 2021	Jan 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016
Operating Activities
Operating Profit	307,036,873	196,397,354	112,191,698	-3,184,971,941	-2,162,538,779	-1,651,967,196	-1,075,631,637	202,450,404	377,475,501
Depreciation	231,757,245	228,064,542	253,270,581	0	143,010,423	312,387,938	303,422,983	290,750,249	205,574,913
Amortisation	72,007,706	73,854,057	75,063,816	0	0	102,689,486	148,818,255	187,370,679	12,703,252
Tax	-115,517,380	-100,907,120	-65,092,533	46,498,069	-11,189,454	-224,205,379	-323,553,382	-449,153,192	-104,965,157
Stock	43,028,016	10,353,037	-147,107,759	-982,142,857	-178,329,840	136,022,820	267,610,273	513,880,836	242,958,768
Debtors	205,506,944	-79,861,463	-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	58,681,866	-791,615,980	-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	348,719,595	941,435,660	-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	103,395,680	49,852,642	-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	757,546,625	666,589,581	-3,163,392,400	-6,050,360,748	-3,793,443,539	-957,264,669	-2,324,643,460	536,639,977	6,894,969,689
Investing Activities
capital expenditure	-407,321,185	-134,888,291	2,525,387,436	6,743,638,872	2,622,397,160	977,180,115	462,455,995	-6,620,994,977	-5,891,405,342
Change in Investments	106,365,899	134,737,625	-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	-513,687,084	-269,625,916	2,591,188,853	-1,976,114,760	2,600,364,612	1,007,742,462	366,310,359	-6,374,748,779	-6,349,085,365
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0
Other Short Term Loans	-212,731,798	114,514,959	-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	-6,582,644	-1,173,104,644	-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	-14,610,259	83,944,826	-268,651,911	-885,116,492	885,116,492	0	0	0	0
other long term liabilities	1,444,971	-3,115,805	-92,687,517	-59,657,588	-750,871,011	463,243,683	163,032,212	159,094,999	123,838,559
share issue	-83,487,196	-16,719,039	-216,115,148	1,694,336,254	-533,274,470	-20,048,899	-101,048,984	6,539,710,742	3,640,969,802
interest	-118,166,494	-128,923,498	-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	-434,133,420	-1,123,403,201	-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	-84,691,339	-210,271,272	-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	0
change in cash	-84,691,339	-210,271,272	-2,625,755,543	-3,684,625,996	-545,284,354	-286,960,065	-646,283,849	612,268,666	4,550,885,598

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for technipfmc plc by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mega companies, companies in NE6 area or any other competitors across 12 key performance metrics.

TECHNIPFMC PLC group structure

Technipfmc Plc has 3 subsidiary companies.

Ultimate parent company

TECHNIPFMC PLC

09909709

3 subsidiaries

TECHNIPFMC CORPORATE HOLDINGS LIMITED

12346753

TECHNIPFMC FINANCE LIMITED

14501545

TECHNIPFMC GROUP HOLDINGS LIMITED

14501041

TECHNIPFMC PLC Shareholders

undisclosed	63.05%
t. rowe price associates inc.	9.73%
the vanguard group inc.	9.2%
fidelity management & research company llc	6.76%
j.p. morgan	6%
blackrock inc.	5.25%

Technipfmc Plc currently has 9 directors. The longest serving directors include Mr Douglas Pferdehirt (Jan 2017) and Ms Claire Farley (Jan 2017).

officer	country	age	start	end	role
Mr Douglas Pferdehirt	England	60 years	Jan 2017	-	Director
Ms Claire Farley	England	65 years	Jan 2017	-	Director
Mr John O'Leary	England	69 years	Jan 2017	-	Director
Mr Eleazar De Carvalho Filho	England	67 years	Jan 2017	-	Director
Ms Kay Priestly	England	68 years	Jan 2017	-	Director
Mr John Yearwood	England	65 years	Jun 2019	-	Director
Mrs Margareth Ovrum	England	66 years	Oct 2020	-	Director
Ms Sophie Zurquiyah	England	58 years	Apr 2021	-	Director
Mr Robert Gwin	England	61 years	Feb 2023	-	Director

P&L

December 2023

turnover

6.3b

+16%

operating profit

307m

gross margin

27.4%

+7.49%

turnover

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

Balance Sheet

December 2023

net assets

2.6b

-0.02%

total assets

7.9b

+0.02%

cash

763.9m

-0.1%

net assets

Total assets minus all liabilities

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company number

09909709

Type

Public limited with Share Capital

industry

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

09100 - Support activities for petroleum and natural gas extraction

incorporation date

December 2015

ultimate parent company

None

previous names

technipfmc limited (January 2017)

fmc technologies sis limited (August 2016)

address

hadrian house wincomblee road, newcastle upon tyne, NE6 3PL

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 Company Information

technipfmc plc Estimated Valuation

technipfmc plc Estimated Valuation

technipfmc plc Estimated Valuation

Technipfmc Plc Overview

Technipfmc Plc Health Check

TECHNIPFMC PLC financials

technipfmc plc Credit Report and Business Information

Technipfmc Plc Competitor Analysis

technipfmc plc Ownership

technipfmc plc directors

technipfmc plc company details

technipfmc plc Charges & Mortgages

technipfmc plc Companies House Filings - See Documents