subsea 7 chartering (uk) limited
subsea 7 chartering (uk) limited Company Information
Company Number
SC184511
Website
www.subsea7.comRegistered Address
east campus, prospect road, arnhall business, westhill, aberdeenshire, AB32 6FE
Industry
Other business support service activities n.e.c.
Telephone
01224526000
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
subsea 7 international holdings (uk) limited 100%
subsea 7 chartering (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of SUBSEA 7 CHARTERING (UK) LIMITED at £18.2k based on a Turnover of £23.5k and 0.78x industry multiple (adjusted for size and gross margin).
subsea 7 chartering (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of SUBSEA 7 CHARTERING (UK) LIMITED at £0 based on an EBITDA of £-1.5k and a 5.94x industry multiple (adjusted for size and gross margin).
subsea 7 chartering (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of SUBSEA 7 CHARTERING (UK) LIMITED at £7.6m based on Net Assets of £3m and 2.57x industry multiple (adjusted for liquidity).
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Subsea 7 Chartering (uk) Limited Overview
Subsea 7 Chartering (uk) Limited is a live company located in westhill, AB32 6FE with a Companies House number of SC184511. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 1998, it's largest shareholder is subsea 7 international holdings (uk) limited with a 100% stake. Subsea 7 Chartering (uk) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £23.5k with declining growth in recent years.
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Subsea 7 Chartering (uk) Limited Health Check
Pomanda's financial health check has awarded Subsea 7 Chartering (Uk) Limited a 3 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
0 Regular
5 Weak
Size
annual sales of £23.5k, make it smaller than the average company (£4.5m)
£23.5k - Subsea 7 Chartering (uk) Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -63%, show it is growing at a slower rate (6.4%)
-63% - Subsea 7 Chartering (uk) Limited
6.4% - Industry AVG
Production
with a gross margin of 67.7%, this company has a lower cost of product (37.8%)
67.7% - Subsea 7 Chartering (uk) Limited
37.8% - Industry AVG
Profitability
an operating margin of -6.4% make it less profitable than the average company (5.7%)
-6.4% - Subsea 7 Chartering (uk) Limited
5.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (26)
- Subsea 7 Chartering (uk) Limited
26 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Subsea 7 Chartering (uk) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £23.5k, this is less efficient (£167.6k)
- Subsea 7 Chartering (uk) Limited
£167.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Subsea 7 Chartering (uk) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Subsea 7 Chartering (uk) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Subsea 7 Chartering (uk) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 100 weeks, this is more cash available to meet short term requirements (23 weeks)
100 weeks - Subsea 7 Chartering (uk) Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7.8%, this is a lower level of debt than the average (62%)
7.8% - Subsea 7 Chartering (uk) Limited
62% - Industry AVG
SUBSEA 7 CHARTERING (UK) LIMITED financials
Subsea 7 Chartering (Uk) Limited's latest turnover from December 2023 is £23.5 thousand and the company has net assets of £3 million. According to their latest financial statements, we estimate that Subsea 7 Chartering (Uk) Limited has 1 employee and maintains cash reserves of £485.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 23,465 | 149,118 | 311,645 | 482,387 | 0 | 0 | 379,716 | 30,862,042 | 24,293,031 | 356,297,129 | 334,030,501 | 268,248,198 | 180,131,897 | 115,838,132 | 111,413,808 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 7,569 | 121,868 | 334,024 | 267,717 | 140,427 | 92,455 | 2,269,487 | 24,938,480 | 292,793,011 | 282,683,583 | 252,547,292 | 185,349,557 | 112,457,737 | 101,174,749 | |
| Gross Profit | 15,896 | 27,250 | -22,379 | 214,671 | -140,427 | -92,455 | -1,889,770 | 5,923,562 | 63,504,118 | 51,346,918 | 15,700,906 | -5,217,661 | 3,380,395 | 10,239,059 | |
| Admin Expenses | 17,410 | 15,139 | 18,234 | 24,866 | 15,201 | 43,093 | 32,845 | 0 | 817,643 | 60,233 | 11,258,858 | 2,270,728 | -529,445 | 6,136,463 | |
| Operating Profit | -1,514 | 12,111 | -40,613 | 189,805 | -155,628 | -135,548 | -1,922,615 | 5,923,562 | 58,979 | 62,686,475 | 51,286,685 | 4,442,048 | -7,488,389 | 3,909,840 | 4,102,596 |
| Interest Payable | 0 | 757 | 829 | 0 | 0 | 0 | 88,921 | 1,538 | 97,005 | 41,875 | 16,660 | 762,832 | 835,965 | 780,234 | 639,358 |
| Interest Receivable | 130,194 | 62,826 | 36,469 | 58,847 | 86,138 | 118,310 | 1,365,857 | 1,095,047 | 1,252,522 | 1,244,246 | 1,674,356 | 422,700 | 1,238 | 26,007 | 85,289 |
| Pre-Tax Profit | 115,056 | -13,625 | -11,604 | 280,149 | 170,829 | 57,980 | -48,065 | 7,925,254 | 2,768,120 | 64,656,224 | 52,944,380 | 5,238,770 | -5,986,129 | 3,903,647 | 3,368,611 |
| Tax | -25,736 | -1,514 | -3,315 | 829 | 145,494 | -9,402 | -1,148,762 | -670,563 | -1,754,617 | -12,723,809 | -18,172,498 | -1,115,287 | -3,387,826 | -1,936,343 | -2,257,362 |
| Profit After Tax | 89,320 | -15,139 | -14,919 | 280,978 | 316,323 | 48,578 | -1,196,828 | 7,254,691 | 1,013,503 | 51,932,415 | 34,771,883 | 4,123,483 | -9,373,955 | 1,967,304 | 1,111,249 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 108,147,080 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 89,320 | -15,139 | -14,919 | 280,978 | 316,323 | 48,578 | -109,343,908 | 7,254,691 | 1,013,503 | 51,932,415 | 34,771,883 | 4,123,483 | -9,373,955 | 1,967,304 | 1,111,249 |
| Employee Costs | 0 | 214,215 | 131,741 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Number Of Employees | 1 | 1 | |||||||||||||
| EBITDA* | -1,514 | 12,111 | -40,613 | 189,805 | -155,628 | -79,919 | -1,850,517 | 5,993,540 | 117,957 | 62,699,561 | 51,286,685 | 4,442,048 | -7,488,389 | 3,909,840 | 4,102,596 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 143,395 | 206,859 | 279,372 | 237,010 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 5,608 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 278,500 | 371,011 | 490,480 | 627,283 | 638,429 | 776,940 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 149,003 | 206,859 | 279,373 | 515,511 | 371,011 | 490,480 | 627,283 | 638,430 | 776,941 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,623,740 | 5,565,808 | 5,179,001 | 5,574,958 | 7,133,569 | 6,411,629 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 42,458 | 67,671 | 73,723 | 0 | 0 | 1,849 | 678,061 | 103,412 | 306,294 |
| Group Debtors | 2,743,925 | 2,890,015 | 4,613,344 | 4,766,680 | 4,120,883 | 3,931,677 | 6,657,053 | 112,543,063 | 121,849,293 | 151,287,583 | 96,813,405 | 26,004,682 | 109,836,522 | 47,615,951 | 31,182,842 |
| Misc Debtors | 1,513 | 12,111 | 2,486 | 0 | 0 | 0 | 339,661 | 333,743 | 152,879 | 6,371,641 | 5,881,712 | 3,001,417 | 2,166,078 | 29,121,307 | 2,390,587 |
| Cash | 485,202 | 32,549 | 74,595 | 3,315 | 0 | 0 | 0 | 13,842 | 467,174 | 704,719 | 973,984 | 3,060,571 | 191,343 | 191,962 | 91,515 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 498,961 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,230,641 | 2,934,676 | 4,690,427 | 4,769,996 | 4,120,883 | 3,931,678 | 7,039,173 | 112,958,321 | 122,543,070 | 161,486,645 | 109,234,910 | 37,247,520 | 118,446,963 | 84,166,202 | 40,382,867 |
| total assets | 3,230,641 | 2,934,676 | 4,690,427 | 4,769,996 | 4,120,883 | 3,931,678 | 7,188,176 | 113,165,180 | 122,822,443 | 162,002,155 | 109,605,921 | 37,738,000 | 119,074,246 | 84,804,632 | 41,159,808 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 0 | 0 | 1,658 | 0 | 724 | 10,969 | 40,054 | 16,149 | 365,513 | 3,343,469 | 6,477,637 | 3,947,871 | 1,702,892 | 4,036,782 | 4,901,326 |
| Group/Directors Accounts | 208,160 | 24,979 | 1 | 1 | 1,556,279 | 1,524,720 | 4,735,240 | 4,361,735 | 11,095,763 | 34,884,074 | 28,508,266 | 7,882,186 | 52,624,311 | 22,594,588 | 12,762,871 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 42,388 | 26,493 | 1,520,097 | 1,584,747 | 36,192 | 3,917 | 16,822 | 1,522,608 | 10,430,699 | 24,099,915 | 36,348,199 | 22,576,252 | 11,573,472 | 15,672,797 | 12,588,557 |
| total current liabilities | 250,549 | 51,472 | 1,521,757 | 1,584,749 | 1,593,196 | 1,539,607 | 4,792,117 | 5,900,492 | 21,891,976 | 62,327,457 | 71,334,102 | 34,406,310 | 65,900,675 | 42,304,167 | 30,252,755 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 124,951 | 86,265 | 54,055,978 | 34,008,916 | 4,347,880 |
| hp & lease commitments | 0 | 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 | 524,747 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,537 | 6,208 | 6,389 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,538 | 6,208 | 531,137 | 124,952 | 86,265 | 54,055,979 | 34,008,917 | 4,347,880 |
| total liabilities | 250,549 | 51,472 | 1,521,757 | 1,584,749 | 1,593,196 | 1,539,607 | 4,792,117 | 5,902,030 | 21,898,184 | 62,858,594 | 71,459,054 | 34,492,575 | 119,956,654 | 76,313,084 | 34,600,635 |
| net assets | 2,980,092 | 2,883,203 | 3,168,670 | 3,185,247 | 2,527,687 | 2,392,071 | 2,396,059 | 107,263,150 | 100,924,259 | 99,143,561 | 38,146,867 | 3,245,425 | -882,408 | 8,491,547 | 6,559,173 |
| total shareholders funds | 2,980,092 | 2,883,203 | 3,168,670 | 3,185,247 | 2,527,687 | 2,392,071 | 2,396,059 | 107,263,150 | 100,924,259 | 99,143,561 | 38,146,867 | 3,245,425 | -882,408 | 8,491,547 | 6,559,173 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -1,514 | 12,111 | -40,613 | 189,805 | -155,628 | -135,548 | -1,922,615 | 5,923,562 | 58,979 | 62,686,475 | 51,286,685 | 4,442,048 | -7,488,389 | 3,909,840 | 4,102,596 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 55,630 | 72,098 | 69,978 | 58,979 | 13,086 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -25,736 | -1,514 | -3,315 | 829 | 145,494 | -9,402 | -1,148,762 | -670,563 | -1,754,617 | -12,723,809 | -18,172,498 | -1,115,287 | -3,387,826 | -1,936,343 | -2,257,362 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,623,740 | -2,942,069 | 386,807 | -395,958 | -1,558,610 | 721,939 | 6,411,629 |
| Debtors | -156,688 | -1,713,703 | -150,850 | 645,797 | 189,206 | -3,107,496 | -105,905,305 | -9,131,418 | -35,861,829 | 54,871,597 | 73,567,700 | -83,809,516 | 35,828,844 | 42,822,437 | 34,656,663 |
| Creditors | 0 | -1,658 | 1,658 | -724 | -10,245 | -29,085 | 23,906 | -349,364 | -2,977,956 | -3,134,168 | 2,529,766 | 2,244,979 | -2,333,891 | -864,544 | 4,901,326 |
| Accruals and Deferred Income | 15,895 | -1,493,604 | -64,650 | 1,548,555 | 32,275 | -12,905 | -1,505,786 | -8,908,091 | -14,193,963 | -11,723,537 | 13,771,947 | 11,002,780 | -4,099,325 | 3,084,240 | 12,588,557 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -1,537 | -4,671 | -181 | 6,389 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 145,333 | 229,038 | 43,930 | 1,092,668 | -177,310 | 2,976,186 | 101,422,609 | 5,192,269 | 19,676,810 | -16,805,092 | -24,538,607 | 100,779,994 | -51,579,665 | -39,351,183 | -21,733,175 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -5,608 | 5,608 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 183,181 | 24,978 | 0 | -1,556,279 | 31,560 | -3,210,520 | 373,505 | -6,734,028 | -23,788,311 | 6,375,808 | 20,626,080 | -44,742,125 | 30,029,723 | 9,831,717 | 12,762,871 |
| Other Short Term Loans | 0 | 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 | -124,951 | 38,686 | -53,969,713 | 20,047,062 | 29,661,036 | 4,347,880 |
| Hire Purchase and Lease Commitments | 0 | 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 | 0 |
| share issue | |||||||||||||||
| interest | 130,194 | 62,069 | 35,640 | 58,847 | 86,138 | 118,310 | 1,276,936 | 1,093,509 | 1,155,517 | 1,202,371 | 1,657,696 | -340,132 | -834,727 | -754,227 | -554,069 |
| cash flow from financing | 320,944 | -183,280 | 33,982 | -1,120,851 | -63,009 | -3,144,776 | 6,127,258 | -6,556,319 | -21,865,599 | 16,517,507 | 22,452,021 | -99,047,621 | 49,242,058 | 38,703,596 | 22,004,606 |
| cash and cash equivalents | |||||||||||||||
| cash | 452,653 | -42,046 | 71,280 | 3,315 | 0 | 0 | -13,842 | -453,332 | -237,545 | -269,266 | -2,086,586 | 2,869,227 | -619 | 100,448 | 91,515 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 452,653 | -42,046 | 71,280 | 3,315 | 0 | 0 | -13,842 | -453,332 | -237,545 | -269,266 | -2,086,586 | 2,869,227 | -619 | 100,448 | 91,515 |
subsea 7 chartering (uk) limited Credit Report and Business Information
Subsea 7 Chartering (uk) Limited Competitor Analysis
Perform a competitor analysis for subsea 7 chartering (uk) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in AB32 area or any other competitors across 12 key performance metrics.
subsea 7 chartering (uk) limited Ownership
SUBSEA 7 CHARTERING (UK) LIMITED group structure
Subsea 7 Chartering (Uk) Limited has no subsidiary companies.
Ultimate parent company
SUBSEA 7 SA
#0061195
2 parents
SUBSEA 7 CHARTERING (UK) LIMITED
SC184511
subsea 7 chartering (uk) limited directors
Subsea 7 Chartering (Uk) Limited currently has 2 directors. The longest serving directors include Mr Douglas Young (Aug 2018) and Adzariat Monergi (Aug 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Douglas Young | 60 years | Aug 2018 | - | Director | |
| Adzariat Monergi | 52 years | Aug 2020 | - | Director |
P&L
December 2023turnover
23.5k
-84%
operating profit
-1.5k
-112%
gross margin
67.8%
+270.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3m
+0.03%
total assets
3.2m
+0.1%
cash
485.2k
+13.91%
net assets
Total assets minus all liabilities
subsea 7 chartering (uk) limited company details
company number
SC184511
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
April 1998
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
acergy chartering limited (January 2011)
ceanic limited (January 2006)
accountant
-
auditor
ERNST & YOUNG LLP
address
east campus, prospect road, arnhall business, westhill, aberdeenshire, AB32 6FE
Bank
DNB NOR
Legal Advisor
-
subsea 7 chartering (uk) 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 2 charges/mortgages relating to subsea 7 chartering (uk) limited. Currently there are 2 open charges and 0 have been satisfied in the past.
subsea 7 chartering (uk) limited Companies House Filings - See Documents
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