van oord offshore wind uk ltd.
van oord offshore wind uk ltd. Company Information
Company Number
11006425
Website
mpi-offshore.comRegistered Address
resolution house, 18 ellerbeck court, middlesbrough, TS9 5PT
Industry
Construction of other civil engineering projects n.e.c.
Renting and leasing of construction and civil engineering machinery and equipment
Telephone
441642742200
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
van oord offshore wind bv 100%
van oord offshore wind uk ltd. Estimated Valuation
Pomanda estimates the enterprise value of VAN OORD OFFSHORE WIND UK LTD. at £136.5m based on a Turnover of £245.2m and 0.56x industry multiple (adjusted for size and gross margin).
van oord offshore wind uk ltd. Estimated Valuation
Pomanda estimates the enterprise value of VAN OORD OFFSHORE WIND UK LTD. at £17.4m based on an EBITDA of £5m and a 3.51x industry multiple (adjusted for size and gross margin).
van oord offshore wind uk ltd. Estimated Valuation
Pomanda estimates the enterprise value of VAN OORD OFFSHORE WIND UK LTD. at £14.1m based on Net Assets of £7.2m and 1.96x industry multiple (adjusted for liquidity).
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Van Oord Offshore Wind Uk Ltd. Overview
Van Oord Offshore Wind Uk Ltd. is a live company located in middlesbrough, TS9 5PT with a Companies House number of 11006425. It operates in the construction of water projects sector, SIC Code 42910. Founded in October 2017, it's largest shareholder is van oord offshore wind bv with a 100% stake. Van Oord Offshore Wind Uk Ltd. is a young, mega sized company, Pomanda has estimated its turnover at £245.2m with rapid growth in recent years.
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Van Oord Offshore Wind Uk Ltd. Health Check
Pomanda's financial health check has awarded Van Oord Offshore Wind Uk Ltd. a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
6 Weak
Size
annual sales of £245.2m, make it larger than the average company (£13.9m)
£245.2m - Van Oord Offshore Wind Uk Ltd.
£13.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 267%, show it is growing at a faster rate (8.3%)
267% - Van Oord Offshore Wind Uk Ltd.
8.3% - Industry AVG
Production
with a gross margin of 2%, this company has a higher cost of product (25.7%)
2% - Van Oord Offshore Wind Uk Ltd.
25.7% - Industry AVG
Profitability
an operating margin of 2% make it less profitable than the average company (8.6%)
2% - Van Oord Offshore Wind Uk Ltd.
8.6% - Industry AVG
Employees
with 83 employees, this is above the industry average (48)
83 - Van Oord Offshore Wind Uk Ltd.
48 - Industry AVG
Pay Structure
on an average salary of £84.9k, the company has a higher pay structure (£55.7k)
£84.9k - Van Oord Offshore Wind Uk Ltd.
£55.7k - Industry AVG
Efficiency
resulting in sales per employee of £3m, this is more efficient (£338.1k)
£3m - Van Oord Offshore Wind Uk Ltd.
£338.1k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is earlier than average (50 days)
24 days - Van Oord Offshore Wind Uk Ltd.
50 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (37 days)
22 days - Van Oord Offshore Wind Uk Ltd.
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Van Oord Offshore Wind Uk Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Van Oord Offshore Wind Uk Ltd.
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.1%, this is a higher level of debt than the average (62.7%)
97.1% - Van Oord Offshore Wind Uk Ltd.
62.7% - Industry AVG
VAN OORD OFFSHORE WIND UK LTD. financials
Van Oord Offshore Wind Uk Ltd.'s latest turnover from December 2023 is £245.2 million and the company has net assets of £7.2 million. According to their latest financial statements, Van Oord Offshore Wind Uk Ltd. has 83 employees and maintains cash reserves of £4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 245,182,000 | 35,661,000 | 16,021,000 | 4,972,000 | 24,553,000 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 240,169,000 | 35,814,000 | 30,255,000 | 4,476,000 | 42,024,000 | |
| Gross Profit | 5,013,000 | -153,000 | -14,234,000 | 496,000 | -17,471,000 | |
| Admin Expenses | 58,000 | 722,000 | 241,000 | 2,306,000 | 2,529,000 | |
| Operating Profit | 4,955,000 | -875,000 | -14,475,000 | -1,810,000 | -20,000,000 | |
| Interest Payable | 1,406,000 | 200,000 | 105,000 | 62,000 | 74,000 | |
| Interest Receivable | 3,174,000 | 28,000 | 0 | 0 | 0 | |
| Pre-Tax Profit | 6,723,000 | -1,047,000 | -14,580,000 | -1,872,000 | -20,074,000 | |
| Tax | -1,593,000 | 1,087,000 | 3,836,000 | -1,603,000 | 3,814,000 | |
| Profit After Tax | 5,130,000 | 40,000 | -10,744,000 | -3,475,000 | -16,260,000 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 5,130,000 | 40,000 | -10,744,000 | -3,475,000 | -16,260,000 | |
| Employee Costs | 7,044,000 | 5,806,000 | 5,477,000 | 6,090,000 | 10,881,000 | |
| Number Of Employees | 83 | 73 | 62 | 66 | 101 | |
| EBITDA* | 4,955,000 | -862,000 | -14,435,000 | -1,770,000 | -19,973,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 13,000 | 53,000 | 93,000 | 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 | 13,000 | 53,000 | 93,000 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 16,331,000 | 10,515,000 | 3,042,000 | 1,444,000 | 7,588,000 | 0 |
| Group Debtors | 230,437,000 | 40,129,000 | 20,154,000 | 23,485,000 | 11,434,000 | 0 |
| Misc Debtors | 1,653,000 | 7,386,000 | 76,075,000 | 1,813,000 | 6,166,000 | 0 |
| Cash | 4,000 | 3,423,000 | 1,515,000 | 395,000 | 248,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 248,425,000 | 61,453,000 | 100,786,000 | 27,137,000 | 25,436,000 | 0 |
| total assets | 248,425,000 | 61,453,000 | 100,799,000 | 27,190,000 | 25,529,000 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 14,506,000 | 711,000 | 12,756,000 | 609,000 | 363,000 | 0 |
| Group/Directors Accounts | 161,888,000 | 13,393,000 | 25,603,000 | 41,382,000 | 36,982,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 55,077,000 | 29,468,000 | 5,378,000 | 3,212,000 | 2,608,000 | 0 |
| total current liabilities | 231,471,000 | 43,572,000 | 43,737,000 | 45,203,000 | 39,953,000 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 9,763,000 | 15,820,000 | 87,516,000 | 1,697,000 | 1,811,000 | 0 |
| total long term liabilities | 9,763,000 | 15,820,000 | 87,516,000 | 1,697,000 | 1,811,000 | 0 |
| total liabilities | 241,234,000 | 59,392,000 | 131,253,000 | 46,900,000 | 41,764,000 | 0 |
| net assets | 7,191,000 | 2,061,000 | -30,454,000 | -19,710,000 | -16,235,000 | 0 |
| total shareholders funds | 7,191,000 | 2,061,000 | -30,454,000 | -19,710,000 | -16,235,000 | 0 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 4,955,000 | -875,000 | -14,475,000 | -1,810,000 | -20,000,000 | |
| Depreciation | 0 | 13,000 | 40,000 | 40,000 | 27,000 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | |
| Tax | -1,593,000 | 1,087,000 | 3,836,000 | -1,603,000 | 3,814,000 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 190,391,000 | -41,241,000 | 72,529,000 | 1,554,000 | 25,188,000 | 0 |
| Creditors | 13,795,000 | -12,045,000 | 12,147,000 | 246,000 | 363,000 | 0 |
| Accruals and Deferred Income | 25,609,000 | 24,090,000 | 2,166,000 | 604,000 | 2,608,000 | 0 |
| Deferred Taxes & Provisions | -6,057,000 | -71,696,000 | 85,819,000 | -114,000 | 1,811,000 | 0 |
| Cash flow from operations | -153,682,000 | -18,185,000 | 17,004,000 | -4,191,000 | -36,565,000 | |
| 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 | 148,495,000 | -12,210,000 | -15,779,000 | 4,400,000 | 36,982,000 | 0 |
| 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 | 1,768,000 | -172,000 | -105,000 | -62,000 | -74,000 | |
| cash flow from financing | 150,263,000 | 20,093,000 | -15,884,000 | 4,338,000 | 36,933,000 | |
| cash and cash equivalents | ||||||
| cash | -3,419,000 | 1,908,000 | 1,120,000 | 147,000 | 248,000 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,419,000 | 1,908,000 | 1,120,000 | 147,000 | 248,000 | 0 |
van oord offshore wind uk ltd. Credit Report and Business Information
Van Oord Offshore Wind Uk Ltd. Competitor Analysis
Perform a competitor analysis for van oord offshore wind uk ltd. by selecting its closest rivals, whether from the CONSTRUCTION sector, other mega companies, companies in TS9 area or any other competitors across 12 key performance metrics.
van oord offshore wind uk ltd. Ownership
VAN OORD OFFSHORE WIND UK LTD. group structure
Van Oord Offshore Wind Uk Ltd. has no subsidiary companies.
Ultimate parent company
VAN OORD MARINE BV
#0107553
1 parent
VAN OORD OFFSHORE WIND UK LTD.
11006425
van oord offshore wind uk ltd. directors
Van Oord Offshore Wind Uk Ltd. currently has 3 directors. The longest serving directors include Mr Roy Van Loveren (Nov 2023) and Mr David Widdowson (Aug 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Roy Van Loveren | England | 55 years | Nov 2023 | - | Director |
| Mr David Widdowson | England | 59 years | Aug 2024 | - | Director |
| Mr Jeroen Kwakernaak | England | 56 years | Oct 2024 | - | Director |
P&L
December 2023turnover
245.2m
+588%
operating profit
5m
-666%
gross margin
2.1%
-576.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.2m
+2.49%
total assets
248.4m
+3.04%
cash
4k
-1%
net assets
Total assets minus all liabilities
van oord offshore wind uk ltd. company details
company number
11006425
Type
Private limited with Share Capital
industry
42990 - Construction of other civil engineering projects n.e.c.
77320 - Renting and leasing of construction and civil engineering machinery and equipment
50200 - Sea and coastal freight water transport
incorporation date
October 2017
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
resolution house, 18 ellerbeck court, middlesbrough, TS9 5PT
Bank
HSBC BANK PLC, HSBC BANK PLC, HSBC BANK PLC
Legal Advisor
WALKER MORRIS LLP
van oord offshore wind uk 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 van oord offshore wind uk ltd..
van oord offshore wind uk ltd. Companies House Filings - See Documents
| date | description | view/download |
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