petroleum engineering services limited
petroleum engineering services limited Company Information
Company Number
SC050835
Next Accounts
Dec 2024
Industry
Other business support service activities n.e.c.
Shareholders
halliburton holdings (no3)
Group Structure
View All
Contact
Registered Address
halliburton house, howe moss crescent, aberdeen, AB21 0GN
Website
wecepetroleum.competroleum engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of PETROLEUM ENGINEERING SERVICES LIMITED at £0 based on a Turnover of £1 and 0.26x industry multiple (adjusted for size and gross margin).
petroleum engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of PETROLEUM ENGINEERING SERVICES LIMITED at £0 based on an EBITDA of £-7.4k and a 1.95x industry multiple (adjusted for size and gross margin).
petroleum engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of PETROLEUM ENGINEERING SERVICES LIMITED at £17.1m based on Net Assets of £7.3m and 2.35x industry multiple (adjusted for liquidity).
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Petroleum Engineering Services Limited Overview
Petroleum Engineering Services Limited is a dissolved company that was located in aberdeen, AB21 0GN with a Companies House number of SC050835. It operated in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 1972, it's largest shareholder was halliburton holdings (no3) with a 100% stake. The last turnover for Petroleum Engineering Services Limited was estimated at £1.
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Petroleum Engineering Services Limited Health Check
Pomanda's financial health check has awarded Petroleum Engineering Services Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
4 Weak
Size
annual sales of £1, make it smaller than the average company (£2.6m)
£1 - Petroleum Engineering Services Limited
£2.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Petroleum Engineering Services Limited
- - Industry AVG
Production
with a gross margin of 37.1%, this company has a comparable cost of product (37.1%)
37.1% - Petroleum Engineering Services Limited
37.1% - Industry AVG
Profitability
an operating margin of -735800% make it less profitable than the average company (5.7%)
-735800% - Petroleum Engineering Services Limited
5.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (22)
- Petroleum Engineering Services Limited
22 - Industry AVG
Pay Structure
on an average salary of £44k, the company has an equivalent pay structure (£44k)
- Petroleum Engineering Services Limited
£44k - Industry AVG
Efficiency
resulting in sales per employee of £1, this is less efficient (£146.2k)
- Petroleum Engineering Services Limited
£146.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Petroleum Engineering Services Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Petroleum Engineering Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Petroleum Engineering Services Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Petroleum Engineering Services Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.2%, this is a lower level of debt than the average (67.6%)
0.2% - Petroleum Engineering Services Limited
67.6% - Industry AVG
PETROLEUM ENGINEERING SERVICES LIMITED financials
Petroleum Engineering Services Limited's latest turnover from December 2018 is £1 and the company has net assets of £7.3 million. According to their latest financial statements, we estimate that Petroleum Engineering Services Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1 | 2,359 | 0 | 0 | 0 | 0 | 0 | |||
| Other Income Or Grants | 0 | 0 | 0 | |||||||
| Cost Of Sales | 0 | 0 | 0 | |||||||
| Gross Profit | 0 | 0 | 0 | |||||||
| Admin Expenses | 0 | |||||||||
| Operating Profit | 0 | |||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | 1 | 2,359 | 2,542 | 2,426 | 524,279 | 0 | -9,179 | |||
| Tax | -7,359 | -2,617 | -5,250 | -5,187 | -5,429 | -33,780 | -293,740 | |||
| Profit After Tax | -7,358 | -258 | -2,708 | -2,761 | 518,850 | -33,780 | -302,919 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | -7,358 | -258 | -2,708 | -2,761 | 518,850 | -33,780 | -302,919 | |||
| Employee Costs | 0 | 0 | 0 | 0 | 0 | |||||
| Number Of Employees | ||||||||||
| EBITDA* | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 7,305,374 | 7,315,811 | 7,315,811 | 7,321,324 | 0 | 7,400,204 | 0 | 0 | 6,870,203 | 7,124,272 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,897 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,305,374 | 7,315,811 | 7,315,811 | 7,321,324 | 0 | 7,400,204 | 0 | 0 | 6,870,203 | 7,127,169 |
| total assets | 7,305,374 | 7,315,811 | 7,315,811 | 7,321,324 | 0 | 7,400,204 | 0 | 0 | 6,870,203 | 7,127,169 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 5,512 | 0 | 73,451 | 0 | 0 | 39,671 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 9,974 | 13,053 | 10,436 | 5,187 | 0 | 5,429 | 0 | 0 | 33,780 | 296,637 |
| total current liabilities | 9,974 | 13,053 | 10,436 | 10,699 | 0 | 78,880 | 0 | 0 | 73,451 | 296,637 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 6,336 | 6,336 | 8,695 | 11,237 | 0 | 13,900 | 0 | 0 | 8,179 | 8,179 |
| total long term liabilities | 6,336 | 6,336 | 8,695 | 11,237 | 0 | 13,900 | 0 | 0 | 8,179 | 8,179 |
| total liabilities | 16,310 | 19,389 | 19,131 | 21,936 | 0 | 92,780 | 0 | 0 | 81,630 | 304,816 |
| net assets | 7,289,064 | 7,296,422 | 7,296,680 | 7,299,388 | 0 | 7,307,424 | 0 | 0 | 6,788,573 | 6,822,353 |
| total shareholders funds | 7,289,064 | 7,296,422 | 7,296,680 | 7,299,388 | 0 | 7,307,424 | 0 | 0 | 6,788,573 | 6,822,353 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 0 | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | -7,359 | -2,617 | -5,250 | -5,187 | -5,429 | -33,780 | -293,740 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -10,437 | 0 | -5,513 | 7,321,324 | -7,400,204 | 7,400,204 | 0 | -6,870,203 | -256,966 | 7,127,169 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -3,079 | 2,617 | 5,249 | 5,187 | -5,429 | 5,429 | 0 | -33,780 | -262,857 | 296,637 |
| Deferred Taxes & Provisions | 0 | -2,359 | -2,542 | 11,237 | -13,900 | 13,900 | 0 | -8,179 | 0 | 8,179 |
| Cash flow from operations | -39,671 | |||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -5,512 | 5,512 | -73,451 | 73,451 | 0 | -39,671 | 39,671 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| cash flow from financing | 0 | 0 | -5,512 | 7,307,661 | 6,862,025 | 39,671 | 7,125,272 | |||
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
petroleum engineering services limited Credit Report and Business Information
Petroleum Engineering Services Limited Competitor Analysis
Perform a competitor analysis for petroleum engineering services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in AB21 area or any other competitors across 12 key performance metrics.
petroleum engineering services limited Ownership
PETROLEUM ENGINEERING SERVICES LIMITED group structure
Petroleum Engineering Services Limited has no subsidiary companies.
Ultimate parent company
HALLIBURTON CO
#0000379
2 parents
PETROLEUM ENGINEERING SERVICES LIMITED
SC050835
petroleum engineering services limited directors
Petroleum Engineering Services Limited currently has 3 directors. The longest serving directors include Mr Scot Clifton (Jul 2009) and Mr Wael Mekkawy (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Scot Clifton | 58 years | Jul 2009 | - | Director | |
| Mr Wael Mekkawy | United Kingdom | 50 years | Feb 2020 | - | Director |
| Mr Shaikh Usman | 52 years | Feb 2020 | - | Director |
P&L
December 2018turnover
1
-100%
operating profit
-7.4k
0%
gross margin
37%
-1.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
7.3m
0%
total assets
7.3m
0%
cash
0
0%
net assets
Total assets minus all liabilities
petroleum engineering services limited company details
company number
SC050835
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
June 1972
age
52
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2018
previous names
north sea assets limited (November 2004)
accountant
-
auditor
KPMG LLP
address
halliburton house, howe moss crescent, aberdeen, AB21 0GN
Bank
-
Legal Advisor
-
petroleum engineering 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 3 charges/mortgages relating to petroleum engineering services limited. Currently there are 0 open charges and 3 have been satisfied in the past.
petroleum engineering services limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for PETROLEUM ENGINEERING SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
petroleum engineering services limited Companies House Filings - See Documents
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