Rowan Drilling (uk) Limited

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rowan drilling (uk) limited Company Information

Live (In Liquidation)

MatureDeclining

Company Number

SC061864

Next Accounts

94 days late

Industry

Activities of head offices

Directors

Peter Wilson

Stephen Mooney

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Shareholders

ensco global limited

Group Structure

View All

Contact

Registered Address

1 west regent street, glasgow, G2 1AP

Website

www.rowan.com

rowan drilling (uk) limited Estimated Valuation

£115.2m

Pomanda estimates the enterprise value of ROWAN DRILLING (UK) LIMITED at £115.2m based on Net Assets of £57.9m and 1.99x industry multiple (adjusted for liquidity).

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Rowan Drilling (uk) Limited is a live company located in glasgow, G2 1AP with a Companies House number of SC061864. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 1977, it's largest shareholder is ensco global limited with a 100% stake. Rowan Drilling (uk) Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.

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Pomanda's financial health check has awarded Rowan Drilling (Uk) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

1 Regular

2 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (3.4%)

EXPORT

Rowan Drilling (Uk) Limited's latest turnover from December 2022 is 0 and the company has net assets of £57.9 million. According to their latest financial statements, we estimate that Rowan Drilling (Uk) Limited has 1 employee and maintains cash reserves of £46.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	0	26,613,735	35,013,923	89,158,728	90,829,461	68,880,886	23,406,956	19,489,035	21,807,918	14,591,608	12,369,369	6,738,651	3,882,524	4,459,805
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	-684,134	25,067,709	43,299,135	89,733,255	102,870,198	65,714,839	15,788,547	13,268,623	15,098,455	10,138,349	8,604,770	4,696,438	2,689,090	0
Gross Profit	684,134	1,546,026	-8,285,212	-574,527	-12,040,737	3,166,047	7,618,410	6,220,411	6,709,463	4,453,259	3,764,599	2,042,213	1,193,434	0
Admin Expenses	0	-162,018	1,823,977	5,546,681	9,031,909	4,110,904	6,779,713	5,292,362	6,201,681	3,758,421	3,826,509	2,042,213	1,189,791	-13,266
Operating Profit	684,134	1,708,044	-10,109,189	-6,121,208	-21,072,646	-944,857	838,697	928,049	507,782	694,838	-61,910	0	3,643	13,266
Interest Payable	0	0	0	0	933,240	24,783	0	0	0	0	3,501	0	0	0
Interest Receivable	2,032,993	983,395	1,113,879	1,040,597	416,666	353,159	49,690	0	0	42,059	0	0	41	11
Pre-Tax Profit	2,607,149	2,926,004	-8,995,310	-5,080,610	-21,589,219	-616,481	-127,363	563,361	828,957	736,898	-65,412	0	3,685	16,015
Tax	0	2,714,815	87,205	-2,732,669	70,477	0	-9,938	0	0	-170,888	-227,763	-81,670	-9,935	-505,163
Profit After Tax	2,607,149	5,640,819	-8,908,105	-7,813,279	-21,518,742	-616,481	-137,300	563,361	828,957	566,010	-293,175	-81,670	-6,250	-489,148
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,607,149	5,640,819	-8,908,105	-7,813,279	-21,518,742	-616,481	-137,300	563,361	828,957	566,010	-293,175	-81,670	-6,250	-489,148
Employee Costs	47,012	0	9,559,578	21,545,508	28,608,271	27,112,763	10,317,703	9,151,761	10,049,141	7,324,134	7,118,463	2,571,924	0	1,236,714
Number Of Employees	1	154	145	249	326	298	102	75	83	123	77	59	27	33
EBITDA*	684,134	1,708,044	-1,714,788	-758,464	-1,701,518	3,233,426	5,055,574	2,937,935	2,325,109	1,385,952	556,742	276,733	68,018	54,751

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	0	0	1,221,603	10,370,071	14,777,726	38,727,540	44,635,876	42,777,926	20,652,220	15,577,494	9,089,593	5,938,091	2,283,293	1,021,816
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	1	1	1	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	56,632,712	42,649,127	3,097	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	57,854,316	53,019,200	14,780,824	38,727,540	44,635,877	42,777,926	20,652,219	15,577,495	9,089,593	5,938,091	2,283,293	1,021,816
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	1,826,909	5,348,087	18,167,596	6,134,603	2,386,921	1,598	30,125	0	0	0	0	0
Group Debtors	59,562,510	955,989	9,016,561	8,412,721	11,614,002	17,459,727	4,312,167	4,637,677	9,651,620	15,331,681	1,444,790	0	0	0
Misc Debtors	206,210	60,300,660	569,397	8,724,168	5,919,299	4,282,837	1,729,531	1,407,554	3,201,901	2,572,186	714,642	339,829	37,917	16,461
Cash	46,903	806	72,549	1,204,016	40,347,739	23,200,124	24,579,192	2,786,357	1,245,087	19,051	12,803,751	26,788	130,282	738
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	59,815,623	61,257,456	11,485,417	23,688,993	76,048,637	51,077,292	33,007,812	8,833,187	14,128,734	17,922,918	14,963,183	366,618	168,200	17,200
total assets	59,815,623	61,257,456	69,339,733	76,708,193	90,829,461	89,804,833	77,643,689	51,611,113	34,780,953	33,500,413	24,052,777	6,304,709	2,451,493	1,039,016
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	156,823	523,963	4,004,802	6,443,618	3,607,322	4,109,860	4,598,491	2,789,878	853,759	1,400,359	1,892,778	0
Group/Directors Accounts	809	5,642	13,540,964	10,651,473	11,682,156	4,553,129	298,852	0	0	28,822,431	22,097,145	4,337,572	0	125,218
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	696,437	5,696,907	8,683,130	7,134,448	4,498,141	0	42,588,876	26,205,546	0	321,772	92,729	0	329,578
total current liabilities	809	702,080	19,394,694	19,858,567	22,821,406	15,494,888	3,906,174	46,698,736	30,804,037	31,612,309	23,272,676	5,830,660	1,892,778	454,797
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	1,900,371	2,181,202	2,003,517	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,900,372	2,181,203	2,003,518	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,901,181	2,883,282	21,398,212	19,858,567	22,821,406	15,494,888	3,906,174	46,698,736	30,804,037	31,612,309	23,272,676	5,830,660	1,892,778	454,797
net assets	57,914,443	58,374,174	47,941,521	56,849,626	68,008,055	74,309,944	73,737,514	4,912,376	3,976,916	1,888,104	780,101	474,050	558,715	584,219
total shareholders funds	57,914,443	58,374,174	47,941,521	56,849,626	68,008,055	74,309,944	73,737,514	4,912,377	3,976,917	1,888,104	780,101	474,050	558,715	584,219

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	684,134	1,708,044	-10,109,189	-6,121,208	-21,072,646	-944,857	838,697	928,049	507,782	694,838	-61,910	0	3,643	13,266
Depreciation	0	0	8,394,401	5,362,744	19,371,128	4,178,284	4,216,877	2,009,886	1,817,327	691,113	618,653	276,733	64,375	41,486
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	2,714,815	87,205	-2,732,669	70,477	0	-9,938	0	0	-170,888	-227,763	-81,670	-9,935	-505,163
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,487,930	-6,788,930	2,911,476	29,430,109	7,826,827	19,448,549	2,381,790	-6,836,817	-5,020,221	15,744,435	1,819,603	301,912	21,456	16,461
Creditors	0	-156,823	-367,141	-3,480,839	-2,438,817	2,836,296	-502,538	-488,631	1,808,612	1,936,120	-546,600	-492,420	1,892,778	0
Accruals and Deferred Income	-696,437	-5,000,470	-2,986,223	1,548,682	2,636,307	4,498,141	-42,588,876	16,383,330	26,205,546	-321,772	229,043	92,729	-329,578	329,578
Deferred Taxes & Provisions	-280,831	177,685	2,003,517	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	1,194,796	6,232,181	-5,888,906	-34,853,399	-9,260,378	-8,880,685	-40,427,568	25,669,451	35,359,488	-12,915,024	-1,808,180	-506,540	1,599,827	-137,294
Investing Activities
capital expenditure	0	1,221,603	754,067	-955,089	4,578,686	1,730,052	-6,074,827	-24,135,592	-6,892,053	-7,179,014	-3,770,155	-3,931,531	-1,325,852	-1,063,302
Change in Investments	0	-1	0	0	1	0	0	0	0	0	0	0	0	0
cash flow from investments	0	1,221,604	754,067	-955,089	4,578,685	1,730,052	-6,074,827	-24,135,592	-6,892,053	-7,179,014	-3,770,155	-3,931,531	-1,325,852	-1,063,302
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-4,834	-13,535,322	2,889,491	-1,030,683	7,129,027	4,254,277	298,852	0	-28,822,431	6,725,286	17,759,572	4,337,572	-125,218	125,218
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	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	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-3,066,880	4,791,833	0	-3,345,149	15,216,852	1,188,911	68,962,438	372,098	1,259,856	541,993	599,227	-2,995	-19,255	1,073,367
interest	2,032,993	983,395	1,113,879	1,040,597	-516,574	328,376	49,690	0	0	42,059	-3,501	0	41	11
cash flow from financing	-1,038,721	-7,760,094	4,003,370	-3,335,235	21,829,305	5,771,564	69,310,980	372,098	-27,562,575	7,309,338	18,355,298	4,334,577	-144,432	1,198,596
cash and cash equivalents
cash	46,097	-71,743	-1,131,467	-39,143,723	17,147,615	-1,379,068	21,792,835	1,541,270	1,226,036	-12,784,699	12,776,962	-103,493	129,544	738
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	46,097	-71,743	-1,131,467	-39,143,723	17,147,615	-1,379,068	21,792,835	1,541,270	1,226,036	-12,784,699	12,776,962	-103,493	129,544	738

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ROWAN DRILLING (UK) LIMITED group structure

Rowan Drilling (Uk) Limited has no subsidiary companies.

Ultimate parent company

CEDE & CO

#0149427

ENSCO GLOBAL LIMITED

FC030548

2 parents

ROWAN DRILLING (UK) LIMITED

SC061864

ROWAN DRILLING (UK) LIMITED Shareholders

ensco global limited

100%

Rowan Drilling (Uk) Limited currently has 3 directors. The longest serving directors include Mr Peter Wilson (Dec 2013) and Mr Stephen Mooney (Jun 2019).

officer	country	age	start	end	role
Mr Peter Wilson	United Kingdom	58 years	Dec 2013	-	Director
Mr Stephen Mooney	Cayman Islands	41 years	Jun 2019	-	Director
Mr Jonathan Cross	United Kingdom	45 years	Jun 2019	-	Director

P&L

December 2022

turnover

-100%

operating profit

684.1k

-60%

gross margin

null%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

57.9m

-0.01%

total assets

59.8m

-0.02%

cash

46.9k

+57.19%

net assets

Total assets minus all liabilities

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company number

SC061864

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

March 1977

ultimate parent company

CEDE & CO

previous names

N/A

address

1 west regent street, glasgow, G2 1AP

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 4 charges/mortgages relating to rowan drilling (uk) limited. Currently there are 0 open charges and 4 have been satisfied in the past.

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.

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rowan drilling (uk) limited Company Information

rowan drilling (uk) limited Estimated Valuation

rowan drilling (uk) limited Estimated Valuation

rowan drilling (uk) limited Estimated Valuation

Rowan Drilling (uk) Limited Overview

Rowan Drilling (uk) Limited Health Check

ROWAN DRILLING (UK) LIMITED financials

rowan drilling (uk) limited Credit Report and Business Information

Rowan Drilling (uk) Limited Competitor Analysis

rowan drilling (uk) limited Ownership

rowan drilling (uk) limited directors

rowan drilling (uk) limited company details

rowan drilling (uk) limited Charges & Mortgages

rowan drilling (uk) limited Capital Raised & Share Issues BETA

rowan drilling (uk) limited Companies House Filings - See Documents