fred. olsen wind 2 limited
fred. olsen wind 2 limited Company Information
Company Number
11707949
Website
www.fredolsen.co.ukRegistered Address
2nd floor, 36 broadway, london, SW1H 0BH
Industry
Activities of head offices
Telephone
442079318888
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
fred. olsen wind limited 100%
fred. olsen wind 2 limited Estimated Valuation
Pomanda estimates the enterprise value of FRED. OLSEN WIND 2 LIMITED at £986.7m based on a Turnover of £156.8m and 6.29x industry multiple (adjusted for size and gross margin).
fred. olsen wind 2 limited Estimated Valuation
Pomanda estimates the enterprise value of FRED. OLSEN WIND 2 LIMITED at £1.3b based on an EBITDA of £118.9m and a 10.89x industry multiple (adjusted for size and gross margin).
fred. olsen wind 2 limited Estimated Valuation
Pomanda estimates the enterprise value of FRED. OLSEN WIND 2 LIMITED at £0 based on Net Assets of £-54.1m and 3.66x industry multiple (adjusted for liquidity).
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Fred. Olsen Wind 2 Limited Overview
Fred. Olsen Wind 2 Limited is a live company located in london, SW1H 0BH with a Companies House number of 11707949. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 2018, it's largest shareholder is fred. olsen wind limited with a 100% stake. Fred. Olsen Wind 2 Limited is a young, mega sized company, Pomanda has estimated its turnover at £156.8m with high growth in recent years.
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Fred. Olsen Wind 2 Limited Health Check
Pomanda's financial health check has awarded Fred. Olsen Wind 2 Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £156.8m, make it larger than the average company (£23.2m)
£156.8m - Fred. Olsen Wind 2 Limited
£23.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (6.2%)
20% - Fred. Olsen Wind 2 Limited
6.2% - Industry AVG
Production
with a gross margin of 33%, this company has a comparable cost of product (33%)
33% - Fred. Olsen Wind 2 Limited
33% - Industry AVG
Profitability
an operating margin of 68.6% make it more profitable than the average company (5.9%)
68.6% - Fred. Olsen Wind 2 Limited
5.9% - Industry AVG
Employees
with 6 employees, this is below the industry average (128)
6 - Fred. Olsen Wind 2 Limited
128 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Fred. Olsen Wind 2 Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £26.1m, this is more efficient (£198.4k)
£26.1m - Fred. Olsen Wind 2 Limited
£198.4k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (45 days)
17 days - Fred. Olsen Wind 2 Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (44 days)
2 days - Fred. Olsen Wind 2 Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 17 days, this is less than average (51 days)
17 days - Fred. Olsen Wind 2 Limited
51 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (15 weeks)
12 weeks - Fred. Olsen Wind 2 Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 120.5%, this is a higher level of debt than the average (56.7%)
120.5% - Fred. Olsen Wind 2 Limited
56.7% - Industry AVG
FRED. OLSEN WIND 2 LIMITED financials
Fred. Olsen Wind 2 Limited's latest turnover from December 2023 is £156.8 million and the company has net assets of -£54.1 million. According to their latest financial statements, Fred. Olsen Wind 2 Limited has 6 employees and maintains cash reserves of £11.7 million 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 | 156,785,000 | 251,818,000 | 140,109,000 | 90,744,000 | 86,813,000 | 102,461,000 |
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | 107,544,000 | 200,342,000 | 95,808,000 | 39,382,000 | 34,487,000 | 37,239,000 |
| Interest Payable | 21,493,000 | 8,458,000 | 15,145,000 | 20,663,000 | 35,080,000 | 17,091,000 |
| Interest Receivable | 2,316,000 | 27,760,000 | 15,901,000 | 116,000 | 329,000 | 272,000 |
| Pre-Tax Profit | 88,574,000 | 219,644,000 | 96,564,000 | 18,835,000 | -264,000 | 20,436,000 |
| Tax | -21,744,000 | -45,314,000 | -23,180,000 | -6,327,000 | -1,678,000 | -7,030,000 |
| Profit After Tax | 66,830,000 | 174,330,000 | 73,384,000 | 12,508,000 | -1,942,000 | 13,406,000 |
| Dividends Paid | 88,000,000 | 108,000,000 | 16,000,000 | 13,267,000 | 198,235,000 | 4,703,000 |
| Retained Profit | -21,170,000 | 66,330,000 | 57,384,000 | -759,000 | -200,177,000 | 8,703,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 6 | 6 | 6 | 4 | ||
| EBITDA* | 118,888,000 | 215,225,000 | 113,142,000 | 60,948,000 | 55,985,000 | 74,712,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 146,165,000 | 156,533,000 | 170,181,000 | 180,095,000 | 193,830,000 | 208,105,000 |
| Intangible Assets | 27,419,000 | 28,249,000 | 32,059,000 | 38,442,000 | 45,010,000 | 51,578,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 23,167,000 | 31,066,000 | 9,500,000 | 0 | 9,458,000 | 9,451,000 |
| Total Fixed Assets | 196,751,000 | 215,848,000 | 211,740,000 | 218,537,000 | 248,298,000 | 269,134,000 |
| Stock & work in progress | 4,927,000 | 4,384,000 | 4,167,000 | 3,348,000 | 2,669,000 | 2,293,000 |
| Trade Debtors | 7,687,000 | 5,522,000 | 1,539,000 | 1,260,000 | 2,066,000 | 588,000 |
| Group Debtors | 392,000 | 0 | 698,000 | 164,000 | 173,000 | 127,000 |
| Misc Debtors | 43,010,000 | 56,307,000 | 40,635,000 | 31,960,000 | 25,481,000 | 25,185,000 |
| Cash | 11,651,000 | 40,304,000 | 34,178,000 | 14,587,000 | 19,260,000 | 51,923,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 67,667,000 | 106,517,000 | 81,217,000 | 51,319,000 | 49,649,000 | 80,116,000 |
| total assets | 264,418,000 | 322,365,000 | 292,957,000 | 269,856,000 | 297,947,000 | 349,250,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 28,132,000 |
| Bank loan | 37,229,000 | 35,724,000 | 28,753,000 | 28,804,000 | 22,665,000 | 0 |
| Trade Creditors | 753,000 | 571,000 | 2,630,000 | 481,000 | 2,710,000 | 991,000 |
| Group/Directors Accounts | 1,046,000 | 921,000 | 1,120,000 | 2,231,000 | 389,000 | 2,414,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 137,000 | 137,000 | 137,000 | 2,145,000 | 5,858,000 | 7,257,000 |
| other current liabilities | 10,202,000 | 10,093,000 | 11,465,000 | 10,494,000 | 14,313,000 | 12,287,000 |
| total current liabilities | 49,367,000 | 47,446,000 | 44,105,000 | 44,155,000 | 45,935,000 | 51,081,000 |
| loans | 216,848,000 | 254,125,000 | 298,700,000 | 344,052,000 | 367,079,000 | 272,875,000 |
| hp & lease commitments | 3,517,000 | 3,656,000 | 3,793,000 | 3,930,000 | 6,156,000 | 12,151,000 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 48,809,000 | 50,091,000 | 45,642,000 | 34,386,000 | 34,685,000 | 36,111,000 |
| total long term liabilities | 269,174,000 | 307,872,000 | 348,135,000 | 382,368,000 | 407,920,000 | 321,137,000 |
| total liabilities | 318,541,000 | 355,318,000 | 392,240,000 | 426,523,000 | 453,855,000 | 372,218,000 |
| net assets | -54,123,000 | -32,953,000 | -99,283,000 | -156,667,000 | -155,908,000 | -22,968,000 |
| total shareholders funds | -54,123,000 | -32,953,000 | -99,283,000 | -156,667,000 | -155,908,000 | -22,968,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 107,544,000 | 200,342,000 | 95,808,000 | 39,382,000 | 34,487,000 | 37,239,000 |
| Depreciation | 10,381,000 | 11,090,000 | 10,722,000 | 14,998,000 | 14,930,000 | 30,887,000 |
| Amortisation | 963,000 | 3,793,000 | 6,612,000 | 6,568,000 | 6,568,000 | 6,586,000 |
| Tax | -21,744,000 | -45,314,000 | -23,180,000 | -6,327,000 | -1,678,000 | -7,030,000 |
| Stock | 543,000 | 217,000 | 819,000 | 679,000 | 376,000 | 2,293,000 |
| Debtors | -18,639,000 | 40,523,000 | 18,988,000 | -3,794,000 | 1,827,000 | 35,351,000 |
| Creditors | 182,000 | -2,059,000 | 2,149,000 | -2,229,000 | 1,719,000 | 991,000 |
| Accruals and Deferred Income | 109,000 | -1,372,000 | 971,000 | -3,819,000 | 2,026,000 | 12,287,000 |
| Deferred Taxes & Provisions | -1,282,000 | 4,449,000 | 11,256,000 | -299,000 | -1,426,000 | 36,111,000 |
| Cash flow from operations | 114,249,000 | 130,189,000 | 84,531,000 | 51,389,000 | 54,423,000 | 79,427,000 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 803,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 803,000 |
| Financing Activities | ||||||
| Bank loans | 1,505,000 | 6,971,000 | -51,000 | 6,139,000 | 22,665,000 | 0 |
| Group/Directors Accounts | 125,000 | -199,000 | -1,111,000 | 1,842,000 | -2,025,000 | 2,414,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -37,277,000 | -44,575,000 | -45,352,000 | -23,027,000 | 94,204,000 | 272,875,000 |
| Hire Purchase and Lease Commitments | -139,000 | -137,000 | -2,145,000 | -5,939,000 | -7,394,000 | 19,408,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -19,177,000 | 19,302,000 | 756,000 | -20,547,000 | -34,751,000 | -16,819,000 |
| cash flow from financing | -54,963,000 | -18,638,000 | -47,903,000 | -41,532,000 | 139,936,000 | 246,207,000 |
| cash and cash equivalents | ||||||
| cash | -28,653,000 | 6,126,000 | 19,591,000 | -4,673,000 | -32,663,000 | 51,923,000 |
| overdraft | 0 | 0 | 0 | 0 | -28,132,000 | 28,132,000 |
| change in cash | -28,653,000 | 6,126,000 | 19,591,000 | -4,673,000 | -4,531,000 | 23,791,000 |
fred. olsen wind 2 limited Credit Report and Business Information
Fred. Olsen Wind 2 Limited Competitor Analysis
Perform a competitor analysis for fred. olsen wind 2 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
fred. olsen wind 2 limited Ownership
FRED. OLSEN WIND 2 LIMITED group structure
Fred. Olsen Wind 2 Limited has 3 subsidiary companies.
Ultimate parent company
BONHEUR ASA
#0134493
2 parents
FRED. OLSEN WIND 2 LIMITED
11707949
3 subsidiaries
fred. olsen wind 2 limited directors
Fred. Olsen Wind 2 Limited currently has 6 directors. The longest serving directors include Mr Christian Ruth (Dec 2018) and Mr Ivar Brandvold (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christian Ruth | England | 62 years | Dec 2018 | - | Director |
| Mr Ivar Brandvold | 68 years | Sep 2020 | - | Director | |
| Mr Ivar Brandvold | 68 years | Sep 2020 | - | Director | |
| Ms Claire Harris | United Kingdom | 31 years | Jul 2022 | - | Director |
| Mr Fredrik Bomstad | England | 39 years | Aug 2022 | - | Director |
| Mr Christopher Sweetman | United Kingdom | 49 years | Jul 2023 | - | Director |
P&L
December 2023turnover
156.8m
-38%
operating profit
107.5m
-46%
gross margin
33%
-0.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-54.1m
+0.64%
total assets
264.4m
-0.18%
cash
11.7m
-0.71%
net assets
Total assets minus all liabilities
fred. olsen wind 2 limited company details
company number
11707949
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
December 2018
age
6
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
2nd floor, 36 broadway, london, SW1H 0BH
last accounts submitted
December 2023
fred. olsen wind 2 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 did not find charges/mortgages relating to fred. olsen wind 2 limited.
fred. olsen wind 2 limited Companies House Filings - See Documents
| date | description | view/download |
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