intervention and coiled tubing association limited
intervention and coiled tubing association limited Company Information
Group Structure
View All
Industry
Activities of professional membership organisations
Registered Address
precision accountants, 1 marischal square, aberdeen, AB10 1BL
Website
www.icota.comintervention and coiled tubing association limited Estimated Valuation
Pomanda estimates the enterprise value of INTERVENTION AND COILED TUBING ASSOCIATION LIMITED at £1.3m based on a Turnover of £3.3m and 0.4x industry multiple (adjusted for size and gross margin).
intervention and coiled tubing association limited Estimated Valuation
Pomanda estimates the enterprise value of INTERVENTION AND COILED TUBING ASSOCIATION LIMITED at £466.4k based on an EBITDA of £217k and a 2.15x industry multiple (adjusted for size and gross margin).
intervention and coiled tubing association limited Estimated Valuation
Pomanda estimates the enterprise value of INTERVENTION AND COILED TUBING ASSOCIATION LIMITED at £1.1m based on Net Assets of £464.3k and 2.44x industry multiple (adjusted for liquidity).
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Intervention And Coiled Tubing Association Limited Overview
Intervention And Coiled Tubing Association Limited is a live company located in aberdeen, AB10 1BL with a Companies House number of SC153819. It operates in the activities of professional membership organizations sector, SIC Code 94120. Founded in October 1994, it's largest shareholder is unknown. Intervention And Coiled Tubing Association Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with rapid growth in recent years.
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Intervention And Coiled Tubing Association Limited Health Check
Pomanda's financial health check has awarded Intervention And Coiled Tubing Association Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
3 Weak
Size
annual sales of £3.3m, make it larger than the average company (£874.1k)
- Intervention And Coiled Tubing Association Limited
£874.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (4.8%)
- Intervention And Coiled Tubing Association Limited
4.8% - Industry AVG
Production
with a gross margin of 42.6%, this company has a higher cost of product (69.5%)
- Intervention And Coiled Tubing Association Limited
69.5% - Industry AVG
Profitability
an operating margin of 6.6% make it more profitable than the average company (2.2%)
- Intervention And Coiled Tubing Association Limited
2.2% - Industry AVG
Employees
with 19 employees, this is above the industry average (13)
- Intervention And Coiled Tubing Association Limited
13 - Industry AVG
Pay Structure
on an average salary of £47.7k, the company has an equivalent pay structure (£47.7k)
- Intervention And Coiled Tubing Association Limited
£47.7k - Industry AVG
Efficiency
resulting in sales per employee of £173.8k, this is more efficient (£111.9k)
- Intervention And Coiled Tubing Association Limited
£111.9k - Industry AVG
Debtor Days
it gets paid by customers after 65 days, this is later than average (22 days)
- Intervention And Coiled Tubing Association Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (30 days)
- Intervention And Coiled Tubing Association Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Intervention And Coiled Tubing Association Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Intervention And Coiled Tubing Association Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.4%, this is a lower level of debt than the average (26.4%)
21.4% - Intervention And Coiled Tubing Association Limited
26.4% - Industry AVG
INTERVENTION AND COILED TUBING ASSOCIATION LIMITED financials
Intervention And Coiled Tubing Association Limited's latest turnover from December 2023 is estimated at £3.3 million and the company has net assets of £464.3 thousand. According to their latest financial statements, we estimate that Intervention And Coiled Tubing Association Limited has 19 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,712 | 4,868 | 5,844 | 7,997 | 5,333 | 6,799 | 5,481 | 3,673 | |||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -8,459 | -1,940 | |||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | 342 | ||||||||||||||
| Pre-Tax Profit | -37,258 | -13,814 | 1,021 | 3,981 | 13,561 | -5,390 | -8,459 | -1,598 | |||||||
| Tax | -72 | ||||||||||||||
| Profit After Tax | -37,258 | -13,814 | 1,021 | 3,981 | 13,561 | -5,390 | -8,459 | -1,670 | |||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -37,258 | -13,814 | 1,021 | 3,981 | 13,561 | -5,390 | -8,459 | -1,670 | |||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 7 | ||||||||||||||
| EBITDA* | -6,453 | -1,362 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,428 | 3,232 | 5,052 | 7,058 | 9,064 | ||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,428 | 3,232 | 5,052 | 7,058 | 9,064 | ||||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 590,947 | 385,655 | 223,125 | 206,530 | 320,847 | 178,587 | 133,980 | 25,813 | |||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 2,794 | 28,740 | 1,636 | 17,974 | 7,774 | 4,238 | 2,152 | 2,923 | 19,380 | ||||||
| Cash | 35,418 | 54,986 | 55,331 | 68,352 | 63,222 | 57,520 | 57,186 | 52,913 | |||||||
| misc current assets | |||||||||||||||
| total current assets | 590,947 | 385,655 | 225,919 | 206,530 | 320,847 | 178,587 | 133,980 | 89,971 | 56,622 | 73,305 | 76,126 | 67,460 | 59,672 | 60,109 | 72,293 |
| total assets | 590,947 | 385,655 | 225,919 | 206,530 | 320,847 | 178,587 | 133,980 | 89,971 | 56,622 | 73,305 | 77,554 | 70,692 | 64,724 | 67,167 | 81,357 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 126,679 | 84,140 | 59,510 | 28,873 | 176,075 | 113,480 | 101,252 | 23,451 | |||||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 52,347 | 5,191 | 8,060 | 13,330 | 10,449 | 18,042 | 15,095 | 20,826 | |||||||
| total current liabilities | 126,679 | 84,140 | 59,510 | 28,873 | 176,075 | 113,480 | 101,252 | 75,798 | 5,191 | 8,060 | 13,330 | 10,449 | 18,042 | 15,095 | 20,826 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 126,679 | 84,140 | 59,510 | 28,873 | 176,075 | 113,480 | 101,252 | 75,798 | 5,191 | 8,060 | 13,330 | 10,449 | 18,042 | 15,095 | 20,826 |
| net assets | 464,268 | 301,515 | 166,409 | 177,657 | 144,772 | 65,107 | 32,728 | 14,173 | 51,431 | 65,245 | 64,224 | 60,243 | 46,682 | 52,072 | 60,531 |
| total shareholders funds | 464,268 | 301,515 | 166,409 | 177,657 | 144,772 | 65,107 | 32,728 | 14,173 | 51,431 | 65,245 | 64,224 | 60,243 | 46,682 | 52,072 | 60,531 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -8,459 | -1,940 | |||||||||||||
| Depreciation | 1,428 | 1,804 | 1,820 | 2,006 | 2,006 | 578 | |||||||||
| Amortisation | |||||||||||||||
| Tax | -72 | ||||||||||||||
| Stock | |||||||||||||||
| Debtors | 205,292 | 159,736 | 19,389 | -114,317 | 142,260 | 44,607 | 79,427 | 52,917 | -16,338 | 10,200 | 3,536 | 2,086 | -771 | -16,457 | 19,380 |
| Creditors | 42,539 | 24,630 | 30,637 | -147,202 | 62,595 | 12,228 | 77,801 | 23,451 | |||||||
| Accruals and Deferred Income | -52,347 | 47,156 | -2,869 | -5,270 | 2,881 | -7,593 | 2,947 | -5,731 | 20,826 | ||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 4,273 | 12 | |||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 342 | ||||||||||||||
| cash flow from financing | 62,543 | ||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -35,418 | -19,568 | -345 | -13,021 | 5,130 | 5,702 | 334 | 4,273 | 52,913 | ||||||
| overdraft | |||||||||||||||
| change in cash | -35,418 | -19,568 | -345 | -13,021 | 5,130 | 5,702 | 334 | 4,273 | 52,913 |
intervention and coiled tubing association limited Credit Report and Business Information
Intervention And Coiled Tubing Association Limited Competitor Analysis
Perform a competitor analysis for intervention and coiled tubing association limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in AB10 area or any other competitors across 12 key performance metrics.
intervention and coiled tubing association limited Ownership
INTERVENTION AND COILED TUBING ASSOCIATION LIMITED group structure
Intervention And Coiled Tubing Association Limited has no subsidiary companies.
Ultimate parent company
INTERVENTION AND COILED TUBING ASSOCIATION LIMITED
SC153819
intervention and coiled tubing association limited directors
Intervention And Coiled Tubing Association Limited currently has 9 directors. The longest serving directors include Mr Ian Retalic (May 2018) and Mr Darren Paul (Jul 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Retalic | Scotland | 65 years | May 2018 | - | Director |
| Mr Darren Paul | Scotland | 43 years | Jul 2019 | - | Director |
| Mr Mark Oatey | Scotland | 41 years | May 2020 | - | Director |
| Mr Bronson Larkins | Scotland | 47 years | May 2021 | - | Director |
| Mr Max Sorensen | Scotland | 56 years | Mar 2023 | - | Director |
| Mrs Annabel Green | Scotland | 52 years | Sep 2023 | - | Director |
| Mr Grant Veitch | Scotland | 31 years | Sep 2023 | - | Director |
| Mr Richard Innes | Scotland | 49 years | Oct 2023 | - | Director |
| Mr Roy Kristiansen | Scotland | 43 years | Sep 2024 | - | Director |
P&L
December 2023turnover
3.3m
+50%
operating profit
217k
0%
gross margin
42.6%
-4.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
464.3k
+0.54%
total assets
590.9k
+0.53%
cash
0
0%
net assets
Total assets minus all liabilities
intervention and coiled tubing association limited company details
company number
SC153819
Type
Private Ltd By Guarantee w/o Share Cap
industry
94120 - Activities of professional membership organisations
incorporation date
October 1994
age
31
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
international coiled tubing association limited (May 2006)
accountant
-
auditor
-
address
precision accountants, 1 marischal square, aberdeen, AB10 1BL
Bank
-
Legal Advisor
-
intervention and coiled tubing association 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 intervention and coiled tubing association limited.
intervention and coiled tubing association 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.
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intervention and coiled tubing association limited Companies House Filings - See Documents
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