ramco oil services limited
ramco oil services limited Company Information
Company Number
SC131741
Website
www.ramcotubular.comRegistered Address
brodies house 31-33 union grove, aberdeen, AB10 6SD
Industry
Activities of head offices
Telephone
01224782278
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
ramco holdings limited 100%
ramco oil services limited Estimated Valuation
Pomanda estimates the enterprise value of RAMCO OIL SERVICES LIMITED at £14.6m based on a Turnover of £18.9m and 0.77x industry multiple (adjusted for size and gross margin).
ramco oil services limited Estimated Valuation
Pomanda estimates the enterprise value of RAMCO OIL SERVICES LIMITED at £10.1m based on an EBITDA of £2m and a 5.17x industry multiple (adjusted for size and gross margin).
ramco oil services limited Estimated Valuation
Pomanda estimates the enterprise value of RAMCO OIL SERVICES LIMITED at £15.8m based on Net Assets of £6.1m and 2.58x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ramco Oil Services Limited Overview
Ramco Oil Services Limited is a live company located in aberdeen, AB10 6SD with a Companies House number of SC131741. It operates in the activities of head offices sector, SIC Code 70100. Founded in May 1991, it's largest shareholder is ramco holdings limited with a 100% stake. Ramco Oil Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18.9m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Ramco Oil Services Limited Health Check
Pomanda's financial health check has awarded Ramco Oil Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £18.9m, make it in line with the average company (£20.6m)
- Ramco Oil Services Limited
£20.6m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ramco Oil Services Limited
- - Industry AVG
Production
with a gross margin of 19.3%, this company has a higher cost of product (33.4%)
- Ramco Oil Services Limited
33.4% - Industry AVG
Profitability
an operating margin of 10.4% make it more profitable than the average company (5.7%)
- Ramco Oil Services Limited
5.7% - Industry AVG
Employees
with 49 employees, this is below the industry average (118)
- Ramco Oil Services Limited
118 - Industry AVG
Pay Structure
on an average salary of £46.1k, the company has an equivalent pay structure (£46.1k)
- Ramco Oil Services Limited
£46.1k - Industry AVG
Efficiency
resulting in sales per employee of £385k, this is more efficient (£190.6k)
- Ramco Oil Services Limited
£190.6k - Industry AVG
Debtor Days
it gets paid by customers after 120 days, this is later than average (46 days)
- Ramco Oil Services Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (44 days)
- Ramco Oil Services Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ramco Oil Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (15 weeks)
8 weeks - Ramco Oil Services Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.7%, this is a lower level of debt than the average (56.5%)
1.7% - Ramco Oil Services Limited
56.5% - Industry AVG
RAMCO OIL SERVICES LIMITED financials
Ramco Oil Services Limited's latest turnover from June 2023 is estimated at £18.9 million and the company has net assets of £6.1 million. According to their latest financial statements, we estimate that Ramco Oil Services Limited has 49 employees and maintains cash reserves of £17 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Admin Expenses | -418,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Operating Profit | 13,713,000 | 373,000 | 418,000 | 95,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | 13,713,000 | 373,000 | 418,000 | 95,000 | 517,000 | 455,000 | 2,675,000 | 1,050,000 | 1,169,000 | 772,000 | 855,000 | 1,021,000 | 346,000 | |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | -7,000 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Tax | 13,713,000 | 373,000 | 418,000 | 95,000 | 517,000 | 455,000 | 2,668,000 | 1,050,000 | 1,169,000 | 772,000 | 855,000 | 1,021,000 | 346,000 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 7,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 13,713,000 | 373,000 | 418,000 | 95,000 | 517,000 | 455,000 | -4,332,000 | 1,050,000 | 1,169,000 | 772,000 | 855,000 | 1,021,000 | 346,000 | |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | ||||||||||||||
| EBITDA* | 13,713,000 | 373,000 | 418,000 | 95,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 4,309,000 | 4,309,000 | 4,309,000 | 4,309,000 | 4,309,000 | 4,309,000 | 4,309,000 | 4,309,233 | 4,309,233 | 4,309,233 | 4,309,233 | 4,309,233 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 4,309,000 | 4,309,000 | 4,309,000 | 4,309,000 | 4,309,000 | 4,309,000 | 4,309,000 | 4,309,233 | 4,309,233 | 4,309,233 | 4,309,233 | 4,309,233 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,224,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 6,079,000 | 9,771,000 | 9,398,000 | 8,980,000 | 8,884,000 | 8,556,000 | 8,162,000 | 5,492,000 | 4,445,168 | 4,277,373 | 4,277,373 | 4,277,373 | 7,628,192 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,000 | 0 | 0 | 0 | 0 | 0 |
| Cash | 17,000 | 2,000 | 0 | 0 | 0 | 1,000 | 62,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,241,000 | 6,081,000 | 9,771,000 | 9,398,000 | 8,980,000 | 8,885,000 | 8,618,000 | 8,163,000 | 5,495,000 | 4,445,168 | 4,277,373 | 4,277,373 | 4,277,373 | 7,628,192 |
| total assets | 6,241,000 | 6,081,000 | 14,080,000 | 13,707,000 | 13,289,000 | 13,194,000 | 12,927,000 | 12,472,000 | 9,804,000 | 8,754,401 | 8,586,606 | 8,586,606 | 8,586,606 | 11,937,425 |
| 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 | 108,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 147,000 | 6,750,000 | 6,750,000 | 6,750,000 | 6,750,000 | 7,000,000 | 7,000,000 | 0 | 0 | 1,001,205 | 1,773,205 | 2,628,181 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24 | 24 |
| total current liabilities | 108,000 | 147,000 | 6,750,000 | 6,750,000 | 6,750,000 | 6,750,000 | 7,000,000 | 7,000,000 | 0 | 0 | 1,001,205 | 1,773,205 | 2,628,205 | 24 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 108,000 | 147,000 | 6,750,000 | 6,750,000 | 6,750,000 | 6,750,000 | 7,000,000 | 7,000,000 | 0 | 0 | 1,001,205 | 1,773,205 | 2,628,205 | 24 |
| net assets | 6,133,000 | 5,934,000 | 7,330,000 | 6,957,000 | 6,539,000 | 6,444,000 | 5,927,000 | 5,472,000 | 9,804,000 | 8,754,401 | 7,585,401 | 6,813,401 | 5,958,401 | 11,937,401 |
| total shareholders funds | 6,133,000 | 5,934,000 | 7,330,000 | 6,957,000 | 6,539,000 | 6,444,000 | 5,927,000 | 5,472,000 | 9,804,000 | 8,754,401 | 7,585,401 | 6,813,401 | 5,958,401 | 11,937,401 |
| Jun 2023 | 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 | 13,713,000 | 373,000 | 418,000 | 95,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | -7,000 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 6,224,000 | -3,692,000 | 373,000 | 418,000 | 96,000 | 328,000 | 394,000 | 2,667,000 | 1,049,832 | 167,795 | 0 | 0 | -3,350,819 | 7,628,192 |
| Creditors | 108,000 | 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 | -24 | 0 | 24 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 17,405,000 | 0 | 0 | -1,000 | -328,000 | -394,000 | -2,674,000 | -1,049,832 | -167,795 | 0 | -24 | 3,350,819 | -7,628,168 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | -4,309,000 | 0 | 0 | 0 | 0 | 0 | 0 | -233 | 0 | 0 | 0 | 0 | 4,309,233 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -6,603,000 | 0 | 0 | 0 | -250,000 | 0 | 7,000,000 | 0 | -1,001,205 | -772,000 | -854,976 | 2,628,181 | 0 |
| 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 | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| cash flow from financing | -21,712,000 | 0 | 0 | 0 | -250,000 | 0 | 7,000,000 | -401 | -1,001,205 | -772,000 | -854,976 | -4,371,819 | 11,591,401 | |
| cash and cash equivalents | ||||||||||||||
| cash | 17,000 | 2,000 | 0 | 0 | -1,000 | -61,000 | 61,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 17,000 | 2,000 | 0 | 0 | -1,000 | -61,000 | 61,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 |
ramco oil services limited Credit Report and Business Information
Ramco Oil Services Limited Competitor Analysis
Perform a competitor analysis for ramco oil services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in AB10 area or any other competitors across 12 key performance metrics.
ramco oil services limited Ownership
RAMCO OIL SERVICES LIMITED group structure
Ramco Oil Services Limited has 2 subsidiary companies.
Ultimate parent company
RAMCO OIL SERVICES LIMITED
SC131741
2 subsidiaries
ramco oil services limited directors
Ramco Oil Services Limited currently has 2 directors. The longest serving directors include Mr Russel Davies (Nov 2017) and Mr Stephen Dempster (Sep 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Russel Davies | Scotland | 65 years | Nov 2017 | - | Director |
| Mr Stephen Dempster | Scotland | 50 years | Sep 2018 | - | Director |
P&L
June 2023turnover
18.9m
0%
operating profit
2m
0%
gross margin
19.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
6.1m
0%
total assets
6.2m
0%
cash
17k
0%
net assets
Total assets minus all liabilities
ramco oil services limited company details
company number
SC131741
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
May 1991
age
33
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
June 2023
previous names
hazar oil services limited (August 1994)
accountant
-
auditor
-
address
brodies house 31-33 union grove, aberdeen, AB10 6SD
Bank
CLYDESDALE BANK
Legal Advisor
-
ramco oil 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 16 charges/mortgages relating to ramco oil services limited. Currently there are 11 open charges and 5 have been satisfied in the past.
ramco oil services limited Companies House Filings - See Documents
| date | description | view/download |
|---|
