west africa subsea services limited
west africa subsea services limited Company Information
Company Number
10345570
Website
-Registered Address
hadrian house wincomblee road, newcastle upon tyne, NE6 3PL
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
technip-coflexip uk holdings limited 100%
west africa subsea services limited Estimated Valuation
Pomanda estimates the enterprise value of WEST AFRICA SUBSEA SERVICES LIMITED at £9.4m based on a Turnover of £27m and 0.35x industry multiple (adjusted for size and gross margin).
west africa subsea services limited Estimated Valuation
Pomanda estimates the enterprise value of WEST AFRICA SUBSEA SERVICES LIMITED at £0 based on an EBITDA of £-258k and a 3.48x industry multiple (adjusted for size and gross margin).
west africa subsea services limited Estimated Valuation
Pomanda estimates the enterprise value of WEST AFRICA SUBSEA SERVICES LIMITED at £0 based on Net Assets of £-143k and 2.14x industry multiple (adjusted for liquidity).
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West Africa Subsea Services Limited Overview
West Africa Subsea Services Limited is a live company located in newcastle upon tyne, NE6 3PL with a Companies House number of 10345570. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in August 2016, it's largest shareholder is technip-coflexip uk holdings limited with a 100% stake. West Africa Subsea Services Limited is a young, large sized company, Pomanda has estimated its turnover at £27m with rapid growth in recent years.
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West Africa Subsea Services Limited Health Check
Pomanda's financial health check has awarded West Africa Subsea Services Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
3 Weak
Size
annual sales of £27m, make it larger than the average company (£8.4m)
£27m - West Africa Subsea Services Limited
£8.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 615%, show it is growing at a faster rate (8.9%)
615% - West Africa Subsea Services Limited
8.9% - Industry AVG
Production
with a gross margin of -0.9%, this company has a higher cost of product (23.2%)
-0.9% - West Africa Subsea Services Limited
23.2% - Industry AVG
Profitability
an operating margin of -0.9% make it less profitable than the average company (5.7%)
-0.9% - West Africa Subsea Services Limited
5.7% - Industry AVG
Employees
with 65 employees, this is above the industry average (37)
- West Africa Subsea Services Limited
37 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- West Africa Subsea Services Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £415.9k, this is more efficient (£197.7k)
- West Africa Subsea Services Limited
£197.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - West Africa Subsea Services Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - West Africa Subsea Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - West Africa Subsea Services Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - West Africa Subsea Services Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101%, this is a higher level of debt than the average (61.8%)
101% - West Africa Subsea Services Limited
61.8% - Industry AVG
WEST AFRICA SUBSEA SERVICES LIMITED financials
West Africa Subsea Services Limited's latest turnover from December 2023 is £27 million and the company has net assets of -£143 thousand. According to their latest financial statements, we estimate that West Africa Subsea Services Limited has 65 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 | |
|---|---|---|---|---|---|---|---|
| Turnover | 27,034,000 | 383,000 | 0 | 74,000 | -420,000 | 2,447,000 | 8,796,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 27,292,000 | 383,000 | 2,000 | 109,000 | -1,415,000 | 2,318,000 | 8,048,000 |
| Gross Profit | -258,000 | 0 | -2,000 | -35,000 | 995,000 | 129,000 | 748,000 |
| Admin Expenses | 0 | 0 | 0 | -65,000 | -399,000 | 94,000 | 0 |
| Operating Profit | -258,000 | 0 | -2,000 | 30,000 | 1,394,000 | 35,000 | 748,000 |
| Interest Payable | 0 | 16,000 | 0 | 0 | 326,000 | 0 | 0 |
| Interest Receivable | 118,000 | 0 | 17,000 | 48,000 | 0 | 0 | 0 |
| Pre-Tax Profit | -140,000 | -16,000 | 15,000 | 78,000 | 1,068,000 | -30,000 | 748,000 |
| Tax | 88,000 | -31,000 | 135,000 | 18,000 | -918,000 | -216,000 | -572,000 |
| Profit After Tax | -52,000 | -47,000 | 150,000 | 96,000 | 150,000 | -246,000 | 176,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -52,000 | -47,000 | 150,000 | 96,000 | 150,000 | -246,000 | 176,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 1 | 1 | 1 | 2 | 2 | ||
| EBITDA* | -258,000 | 0 | -2,000 | 30,000 | 1,394,000 | 35,000 | 748,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 14,494,000 | 383,000 | 0 | 31,000 | 5,880,000 | 9,847,000 | 8,224,000 |
| Misc Debtors | 372,000 | 0 | 192,000 | 2,096,000 | 400,000 | 107,000 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 14,866,000 | 383,000 | 192,000 | 2,127,000 | 6,280,000 | 9,954,000 | 8,224,000 |
| total assets | 14,866,000 | 383,000 | 192,000 | 2,127,000 | 6,280,000 | 9,954,000 | 8,224,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 10,769,000 | 418,000 | 210,000 | 2,298,000 | 5,910,000 | 9,607,000 | 8,048,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,240,000 | 56,000 | 26,000 | 23,000 | 660,000 | 787,000 | 0 |
| total current liabilities | 15,009,000 | 474,000 | 236,000 | 2,321,000 | 6,570,000 | 10,394,000 | 8,048,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 15,009,000 | 474,000 | 236,000 | 2,321,000 | 6,570,000 | 10,394,000 | 8,048,000 |
| net assets | -143,000 | -91,000 | -44,000 | -194,000 | -290,000 | -440,000 | 176,000 |
| total shareholders funds | -143,000 | -91,000 | -44,000 | -194,000 | -290,000 | -440,000 | 176,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -258,000 | 0 | -2,000 | 30,000 | 1,394,000 | 35,000 | 748,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 88,000 | -31,000 | 135,000 | 18,000 | -918,000 | -216,000 | -572,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 14,483,000 | 191,000 | -1,935,000 | -4,153,000 | -3,674,000 | 1,730,000 | 8,224,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 4,184,000 | 30,000 | 3,000 | -637,000 | -127,000 | 787,000 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -10,469,000 | -192,000 | 2,071,000 | 3,564,000 | 4,023,000 | -1,124,000 | -8,048,000 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 10,351,000 | 208,000 | -2,088,000 | -3,612,000 | -3,697,000 | 1,559,000 | 8,048,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | 118,000 | -16,000 | 17,000 | 48,000 | -326,000 | 0 | 0 |
| cash flow from financing | 10,469,000 | 192,000 | -2,071,000 | -3,564,000 | -4,023,000 | 1,189,000 | 8,048,000 |
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
west africa subsea services limited Credit Report and Business Information
West Africa Subsea Services Limited Competitor Analysis
Perform a competitor analysis for west africa subsea services limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in NE6 area or any other competitors across 12 key performance metrics.
west africa subsea services limited Ownership
WEST AFRICA SUBSEA SERVICES LIMITED group structure
West Africa Subsea Services Limited has no subsidiary companies.
Ultimate parent company
2 parents
WEST AFRICA SUBSEA SERVICES LIMITED
10345570
west africa subsea services limited directors
West Africa Subsea Services Limited currently has 3 directors. The longest serving directors include Mrs Helen Urquhart (Feb 2020) and Mr Tomas Bille (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Helen Urquhart | United Kingdom | 57 years | Feb 2020 | - | Director |
| Mr Tomas Bille | 52 years | Feb 2020 | - | Director | |
| Mrs Brenda Mennie | United Kingdom | 60 years | Apr 2022 | - | Director |
P&L
December 2023turnover
27m
+6958%
operating profit
-258k
0%
gross margin
-0.9%
%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-143k
+0.57%
total assets
14.9m
+37.81%
cash
0
0%
net assets
Total assets minus all liabilities
west africa subsea services limited company details
company number
10345570
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
August 2016
age
8
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
hadrian house wincomblee road, newcastle upon tyne, NE6 3PL
Bank
-
Legal Advisor
-
west africa subsea services 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 2 charges/mortgages relating to west africa subsea services limited. Currently there are 2 open charges and 0 have been satisfied in the past.
west africa subsea services limited Companies House Filings - See Documents
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