ensco uk drilling limited
ensco uk drilling limited Company Information
Company Number
10987413
Website
-Registered Address
cannon place 78 cannon street, london, EC4N 6AF
Industry
Support activities for petroleum and natural gas extraction
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
ensco global limited 100%
ensco uk drilling limited Estimated Valuation
Pomanda estimates the enterprise value of ENSCO UK DRILLING LIMITED at £158.6m based on a Turnover of £219m and 0.72x industry multiple (adjusted for size and gross margin).
ensco uk drilling limited Estimated Valuation
Pomanda estimates the enterprise value of ENSCO UK DRILLING LIMITED at £0 based on an EBITDA of £-8.2m and a 3.05x industry multiple (adjusted for size and gross margin).
ensco uk drilling limited Estimated Valuation
Pomanda estimates the enterprise value of ENSCO UK DRILLING LIMITED at £0 based on Net Assets of £-29.7m and 1.58x industry multiple (adjusted for liquidity).
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Ensco Uk Drilling Limited Overview
Ensco Uk Drilling Limited is a live company located in london, EC4N 6AF with a Companies House number of 10987413. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in September 2017, it's largest shareholder is ensco global limited with a 100% stake. Ensco Uk Drilling Limited is a young, mega sized company, Pomanda has estimated its turnover at £219m with rapid growth in recent years.
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Ensco Uk Drilling Limited Health Check
Pomanda's financial health check has awarded Ensco Uk Drilling Limited a 2.5 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
1 Regular
4 Weak
Size
annual sales of £219m, make it larger than the average company (£18.2m)
£219m - Ensco Uk Drilling Limited
£18.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 170%, show it is growing at a faster rate (3%)
170% - Ensco Uk Drilling Limited
3% - Industry AVG
Production
with a gross margin of 1.4%, this company has a higher cost of product (24.7%)
1.4% - Ensco Uk Drilling Limited
24.7% - Industry AVG
Profitability
an operating margin of -3.8% make it less profitable than the average company (7%)
-3.8% - Ensco Uk Drilling Limited
7% - Industry AVG
Employees
with 1020 employees, this is above the industry average (42)
- Ensco Uk Drilling Limited
42 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Ensco Uk Drilling Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £214.7k, this is equally as efficient (£214.8k)
- Ensco Uk Drilling Limited
£214.8k - Industry AVG
Debtor Days
it gets paid by customers after 37 days, this is earlier than average (55 days)
37 days - Ensco Uk Drilling Limited
55 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Ensco Uk Drilling Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ensco Uk Drilling Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - Ensco Uk Drilling Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 118.8%, this is a higher level of debt than the average (55.5%)
118.8% - Ensco Uk Drilling Limited
55.5% - Industry AVG
ENSCO UK DRILLING LIMITED financials
Ensco Uk Drilling Limited's latest turnover from December 2023 is £219 million and the company has net assets of -£29.7 million. According to their latest financial statements, we estimate that Ensco Uk Drilling Limited has 1,020 employees and maintains cash reserves of £118.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 218,951,631 | 85,038,226 | 18,068,246 | 11,100,705 | 8,620,108 | 29,562,223 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 215,813,337 | 86,346,984 | 21,970,567 | 9,901,368 | 21,437,051 | 31,048,923 |
| Gross Profit | 3,138,294 | -1,308,758 | -3,902,321 | 1,199,337 | -12,816,943 | -1,486,700 |
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 521,535 | -1,589,584 | -4,123,069 | 2,695,400 | -12,591,968 | -2,898,987 |
| Tax | -8,695,784 | -2,321,550 | 5,660 | -393,701 | -35,908 | 0 |
| Profit After Tax | -8,174,249 | -3,911,135 | -4,117,409 | 2,301,699 | -12,627,876 | -2,898,987 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -8,174,249 | -3,911,135 | -4,117,409 | 2,301,699 | -12,627,876 | -2,898,987 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 22,772,689 | 13,385,815 | 4,443,276 | 0 | 1,163,711 | 4,636,637 |
| Group Debtors | 41,664,521 | 6,662,629 | 380,852 | 2,982,179 | 0 | 3,314,597 |
| Misc Debtors | 93,499,356 | 38,664,749 | 10,940,405 | 0 | 3,129,854 | 440,151 |
| Cash | 118,840 | 2,340,474 | 7,273,389 | 15,748 | 223,509 | 337,239 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 158,055,408 | 61,053,667 | 23,037,924 | 2,997,928 | 4,517,075 | 8,728,626 |
| total assets | 158,055,408 | 61,053,667 | 23,037,924 | 2,997,928 | 4,517,075 | 8,728,626 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 509,307 | 938,094 |
| Group/Directors Accounts | 82,214,064 | 40,724,396 | 33,927,387 | 17,521,757 | 17,048,219 | 6,914,186 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 83,757,474 | 33,032,321 | 7,877,415 | 492,333 | 2,270,995 | 3,775,332 |
| total current liabilities | 165,971,539 | 73,756,718 | 41,804,803 | 18,014,090 | 19,828,521 | 11,627,612 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 21,737,188 | 8,776,019 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 21,737,189 | 8,776,020 | 0 | 0 | 0 | 0 |
| total liabilities | 187,708,728 | 82,532,738 | 41,804,803 | 18,014,090 | 19,828,521 | 11,627,612 |
| net assets | -29,653,319 | -21,479,070 | -18,766,880 | -15,016,162 | -15,311,447 | -2,898,987 |
| total shareholders funds | -29,653,319 | -21,479,070 | -18,766,880 | -15,016,162 | -15,311,447 | -2,898,987 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -8,695,784 | -2,321,550 | 5,660 | -393,701 | -35,908 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 99,223,375 | 42,948,659 | 12,782,355 | -1,311,386 | -4,097,821 | 8,391,386 |
| Creditors | 0 | 0 | 0 | -509,307 | -428,787 | 938,094 |
| Accruals and Deferred Income | 63,686,322 | 33,930,925 | 7,385,082 | -1,778,662 | -1,504,337 | 3,775,332 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 41,489,668 | 6,797,009 | 16,405,630 | 473,538 | 10,134,033 | 6,914,186 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 41,489,668 | 7,995,953 | 16,772,322 | -1,532,877 | 10,349,449 | 6,914,186 |
| cash and cash equivalents | ||||||
| cash | -2,221,633 | -4,932,915 | 7,257,641 | -207,761 | -113,730 | 337,239 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,221,633 | -4,932,915 | 7,257,641 | -207,761 | -113,730 | 337,239 |
ensco uk drilling limited Credit Report and Business Information
Ensco Uk Drilling Limited Competitor Analysis
Perform a competitor analysis for ensco uk drilling limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mega companies, companies in EC4N area or any other competitors across 12 key performance metrics.
ensco uk drilling limited Ownership
ENSCO UK DRILLING LIMITED group structure
Ensco Uk Drilling Limited has no subsidiary companies.
Ultimate parent company
CEDE & CO
#0149427
2 parents
ENSCO UK DRILLING LIMITED
10987413
ensco uk drilling limited directors
Ensco Uk Drilling Limited currently has 3 directors. The longest serving directors include Mr Stephen Mooney (Apr 2018) and Mr John Winton (Jul 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Mooney | England | 41 years | Apr 2018 | - | Director |
| Mr John Winton | Scotland | 55 years | Jul 2019 | - | Director |
| Mr Peter Wilson | 57 years | Jul 2019 | - | Director |
P&L
December 2023turnover
219m
+157%
operating profit
-8.2m
0%
gross margin
1.5%
-193.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-29.7m
+0.38%
total assets
158.1m
+1.59%
cash
118.8k
-0.95%
net assets
Total assets minus all liabilities
ensco uk drilling limited company details
company number
10987413
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
September 2017
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
BOURNER BULLOCK
address
cannon place 78 cannon street, london, EC4N 6AF
Bank
-
Legal Advisor
-
ensco uk drilling 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 3 charges/mortgages relating to ensco uk drilling limited. Currently there are 0 open charges and 3 have been satisfied in the past.
ensco uk drilling limited Companies House Filings - See Documents
| date | description | view/download |
|---|
