peseco limited
peseco limited Company Information
Company Number
SC190923
Next Accounts
Sep 2025
Shareholders
iteco general trading dmcc
Group Structure
View All
Industry
Extraction of natural gas
+1Registered Address
suite l1 badentoy avenue, portlethen, aberdeen, AB12 4YB
Website
peseco.compeseco limited Estimated Valuation
Pomanda estimates the enterprise value of PESECO LIMITED at £11.4m based on a Turnover of £15.6m and 0.73x industry multiple (adjusted for size and gross margin).
peseco limited Estimated Valuation
Pomanda estimates the enterprise value of PESECO LIMITED at £1m based on an EBITDA of £591.5k and a 1.69x industry multiple (adjusted for size and gross margin).
peseco limited Estimated Valuation
Pomanda estimates the enterprise value of PESECO LIMITED at £1.8m based on Net Assets of £1.4m and 1.28x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Peseco Limited Overview
Peseco Limited is a live company located in aberdeen, AB12 4YB with a Companies House number of SC190923. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in November 1998, it's largest shareholder is iteco general trading dmcc with a 100% stake. Peseco Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.6m with high growth in recent years.
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Peseco Limited Health Check
Pomanda's financial health check has awarded Peseco Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
4 Weak
Size
annual sales of £15.6m, make it smaller than the average company (£56.3m)
£15.6m - Peseco Limited
£56.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a similar rate (14.2%)
16% - Peseco Limited
14.2% - Industry AVG
Production
with a gross margin of 13.9%, this company has a higher cost of product (53.3%)
13.9% - Peseco Limited
53.3% - Industry AVG
Profitability
an operating margin of 3.8% make it less profitable than the average company (29.2%)
3.8% - Peseco Limited
29.2% - Industry AVG
Employees
with 8 employees, this is below the industry average (40)
8 - Peseco Limited
40 - Industry AVG
Pay Structure
on an average salary of £54.3k, the company has a lower pay structure (£124.1k)
£54.3k - Peseco Limited
£124.1k - Industry AVG
Efficiency
resulting in sales per employee of £2m, this is more efficient (£1m)
£2m - Peseco Limited
£1m - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is near the average (25 days)
22 days - Peseco Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is close to average (26 days)
27 days - Peseco Limited
26 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (23 days)
0 days - Peseco Limited
23 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is average cash available to meet short term requirements (7 weeks)
7 weeks - Peseco Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71%, this is a similar level of debt than the average (67.6%)
71% - Peseco Limited
67.6% - Industry AVG
PESECO LIMITED financials
Peseco Limited's latest turnover from December 2023 is £15.6 million and the company has net assets of £1.4 million. According to their latest financial statements, Peseco Limited has 8 employees and maintains cash reserves of £506.5 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 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 15,610,198 | 14,087,938 | 7,502,266 | 10,064,741 | 10,313,350 | 7,559,938 | 4,793,260 | 3,286,603 | 9,887,522 | 15,911,080 | 29,817,247 | 27,769,677 | 27,391,586 | 25,746,420 | 14,183,366 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 13,443,326 | 11,881,866 | 6,745,155 | 8,853,943 | 6,744,616 | 5,479,058 | 4,122,046 | 2,639,694 | 8,175,635 | 13,368,327 | 25,252,823 | 23,975,733 | 24,007,185 | 23,348,039 | 13,015,315 |
| Gross Profit | 2,166,872 | 2,206,072 | 757,111 | 1,210,799 | 3,568,735 | 2,080,880 | 671,214 | 646,909 | 1,711,886 | 2,542,753 | 4,564,424 | 3,793,944 | 3,384,401 | 2,398,381 | 1,168,051 |
| Admin Expenses | 1,575,960 | 1,420,293 | 1,551,580 | 1,467,192 | 1,333,821 | 1,398,360 | 1,457,117 | 1,562,599 | 2,154,227 | 2,515,887 | 2,907,185 | 3,050,026 | 2,996,832 | 1,617,447 | 1,104,071 |
| Operating Profit | 590,912 | 785,779 | -794,469 | -256,393 | 2,234,914 | 682,520 | -785,903 | -915,690 | -442,341 | 26,866 | 1,657,239 | 743,918 | 387,569 | 780,934 | 63,980 |
| Interest Payable | 34,974 | 2,503 | 12,158 | 7,170 | 106,152 | 2,783 | 2,411 | 2,411 | 130,353 | 143,716 | 147,861 | ||||
| Interest Receivable | 774 | 77 | 223 | 22 | 28 | 49,974 | 205 | 116 | 188 | 2,851 | 320 | 310 | 623 | 2,185 | 106 |
| Pre-Tax Profit | 556,712 | 783,354 | -806,404 | -263,540 | 2,234,942 | 732,494 | -785,903 | -915,690 | -548,305 | 26,934 | -6,344,852 | 741,817 | 257,839 | 1,921,598 | -83,775 |
| Tax | -178,386 | -97,829 | 151,432 | -35,238 | -122,494 | -28,692 | -24,833 | -24,781 | -41,710 | -20,080 | -351,820 | -131,756 | -55,555 | -2,693 | -861 |
| Profit After Tax | 378,327 | 685,525 | -654,972 | -298,778 | 2,112,448 | 703,803 | -810,736 | -940,471 | -590,015 | 6,854 | -6,696,672 | 610,061 | 202,284 | 1,918,905 | -84,636 |
| Dividends Paid | 1,534,566 | 710,000 | |||||||||||||
| Retained Profit | -1,156,240 | 685,525 | -654,972 | -298,778 | 2,112,448 | 703,803 | -810,736 | -940,471 | -590,015 | 6,854 | -7,406,672 | 610,061 | 202,284 | 1,918,905 | -84,636 |
| Employee Costs | 434,320 | 400,981 | 410,082 | 393,161 | 467,321 | 368,578 | 260,243 | 791,034 | 1,111,897 | 1,266,108 | 1,341,807 | 1,145,685 | 1,039,294 | 935,295 | 637,590 |
| Number Of Employees | 8 | 8 | 8 | 8 | 9 | 8 | 10 | 13 | 16 | 18 | 16 | 14 | 13 | 11 | 10 |
| EBITDA* | 591,492 | 787,509 | -777,872 | -241,704 | 2,250,646 | 693,599 | -780,133 | -900,325 | -421,139 | 53,846 | 1,688,268 | 775,234 | 413,221 | 814,681 | 114,401 |
* 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 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 970 | 554 | 15,657 | 30,699 | 40,416 | 17,064 | 8,657 | 18,298 | 32,561 | 37,958 | 35,278 | 59,643 | 70,532 | 51,983 | 95,383 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 37,447 | ||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 969 | 553 | 15,656 | 30,698 | 40,416 | 17,065 | 8,657 | 18,299 | 32,562 | 37,958 | 35,278 | 59,643 | 70,532 | 51,983 | 132,830 |
| Stock & work in progress | 35,795 | 160,249 | 468,850 | 1,027,869 | 63,609 | 6,855 | 436,401 | 1,385,868 | 2,258,017 | 3,207,144 | 4,902,035 | 3,274,034 | 3,545,577 | ||
| Trade Debtors | 981,183 | 1,626,414 | 856,381 | 1,799,266 | 6,598,803 | 535,824 | 376,326 | 354,752 | 719,825 | 884,140 | 2,290,160 | 1,600,667 | 1,361,376 | 1,450,522 | 1,124,303 |
| Group Debtors | 2,340,098 | 5,026,344 | 3,314,720 | 2,519,899 | 1,322,933 | 163,088 | 98,378 | 58,272 | 27,261 | 1,081,076 | 1,230,266 | 9,372,833 | 8,397,021 | 5,661,011 | 2,000,676 |
| Misc Debtors | 980,296 | 1,742,478 | 235,031 | 514,275 | 2,865,693 | 85,793 | 59,897 | 55,149 | 303,490 | 294,769 | 1,652,133 | 1,505,815 | 493,472 | 901,235 | 244,807 |
| Cash | 506,458 | 642,388 | 143,456 | 49,508 | 237,465 | 534,114 | 245,923 | 178,903 | 337,931 | 1,325,685 | 227,898 | 1,047,353 | 543,457 | 650,879 | 1,005,825 |
| misc current assets | 25 | ||||||||||||||
| total current assets | 4,843,832 | 9,197,875 | 5,018,439 | 5,910,818 | 11,088,504 | 1,318,820 | 787,380 | 647,078 | 1,824,909 | 4,971,538 | 7,658,474 | 16,733,812 | 15,697,361 | 11,937,681 | 7,921,213 |
| total assets | 4,844,801 | 9,198,428 | 5,034,095 | 5,941,516 | 11,128,921 | 1,335,885 | 796,037 | 665,377 | 1,857,470 | 5,009,496 | 7,693,752 | 16,793,455 | 15,767,893 | 11,989,664 | 8,054,043 |
| Bank overdraft | 1 | 1 | 1 | ||||||||||||
| Bank loan | 419,931 | 438,557 | 231,521 | 536,604 | 449,008 | ||||||||||
| Trade Creditors | 1,011,341 | 3,006,381 | 801,887 | 919,718 | 1,572,635 | 402,550 | 615,377 | 142,698 | 185,770 | 137,923 | 1,471,599 | 639,316 | 829,397 | 845,097 | 170,226 |
| Group/Directors Accounts | 1 | 2,217,204 | 1,405,574 | 1,124,540 | 1,230,155 | 1,664,693 | 3,646,681 | 4,366,835 | 6,157,120 | 2,901,397 | 2,071,213 | ||||
| other short term finances | 3,818 | ||||||||||||||
| hp & lease commitments | 3,606 | 3,606 | 3,606 | ||||||||||||
| other current liabilities | 2,004,087 | 3,191,628 | 1,963,167 | 1,859,858 | 4,266,873 | 116,534 | 85,027 | 104,344 | 214,948 | 581,869 | 1,865,113 | 3,666,667 | 1,267,194 | 960,691 | 449,030 |
| total current liabilities | 3,439,180 | 6,636,568 | 2,996,578 | 3,316,181 | 8,505,721 | 519,084 | 2,105,978 | 1,371,583 | 1,630,873 | 2,384,485 | 6,986,999 | 8,676,424 | 8,257,317 | 4,707,185 | 2,690,469 |
| loans | 1,930,005 | ||||||||||||||
| hp & lease commitments | 18,601 | 22,207 | 25,813 | ||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 221,032 | 197,148 | |||||||||||||
| total long term liabilities | 221,032 | 197,149 | 1,930,005 | 18,601 | 22,207 | 25,813 | |||||||||
| total liabilities | 3,439,180 | 6,636,568 | 2,996,578 | 3,316,181 | 8,505,721 | 740,116 | 2,303,127 | 1,371,583 | 1,630,873 | 4,314,490 | 7,005,600 | 8,698,631 | 8,283,130 | 4,707,185 | 2,690,469 |
| net assets | 1,405,621 | 2,561,860 | 2,037,517 | 2,625,335 | 2,623,199 | 595,768 | -1,507,090 | -706,207 | 226,597 | 695,006 | 688,152 | 8,094,824 | 7,484,763 | 7,282,479 | 5,363,574 |
| total shareholders funds | 1,405,622 | 2,561,861 | 2,037,518 | 2,625,336 | 2,623,199 | 595,768 | -1,507,090 | -706,207 | 226,597 | 695,006 | 688,152 | 8,094,824 | 7,484,763 | 7,282,479 | 5,363,574 |
| 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 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 590,912 | 785,779 | -794,469 | -256,393 | 2,234,914 | 682,520 | -785,903 | -915,690 | -442,341 | 26,866 | 1,657,239 | 743,918 | 387,569 | 780,934 | 63,980 |
| Depreciation | 579 | 1,730 | 16,597 | 14,688 | 15,733 | 11,079 | 5,770 | 15,365 | 21,202 | 26,980 | 31,029 | 31,316 | 25,652 | 33,747 | 50,421 |
| Amortisation | |||||||||||||||
| Tax | -178,386 | -97,829 | 151,432 | -35,238 | -122,494 | -28,692 | -24,833 | -24,781 | -41,710 | -20,080 | -351,820 | -131,756 | -55,555 | -2,693 | -861 |
| Stock | -124,454 | -308,601 | -559,019 | 964,260 | 63,609 | -6,855 | 6,855 | -436,401 | -949,467 | -872,149 | -949,127 | -1,694,891 | 1,628,001 | -271,543 | 3,545,577 |
| Debtors | -4,093,659 | 3,989,105 | -427,308 | -5,953,990 | 10,002,724 | 250,105 | 66,427 | -582,403 | -1,209,408 | -2,912,574 | -7,306,756 | 2,227,446 | 2,239,101 | 4,642,982 | 3,369,786 |
| Creditors | -1,995,040 | 2,204,494 | -117,831 | -652,917 | 1,170,086 | -212,827 | 472,678 | -43,071 | 47,847 | -1,333,676 | 832,283 | -190,081 | -15,700 | 674,871 | 170,226 |
| Accruals and Deferred Income | -1,187,541 | 1,228,461 | 103,309 | -2,407,015 | 4,150,339 | 31,507 | -19,317 | -110,604 | -366,921 | -1,283,244 | -1,801,554 | 2,399,473 | 306,503 | 511,661 | 449,030 |
| Deferred Taxes & Provisions | -221,032 | 23,884 | 197,148 | ||||||||||||
| Cash flow from operations | 1,448,637 | 442,131 | 345,365 | 1,652,855 | -2,838,787 | 264,221 | -227,739 | -59,977 | 1,376,952 | 1,201,569 | 8,623,060 | 2,320,315 | -3,218,633 | -2,372,919 | -6,182,567 |
| Investing Activities | |||||||||||||||
| capital expenditure | -11,781 | -6,664 | -20,427 | -4,467 | 7,899 | -46,787 | |||||||||
| Change in Investments | -37,447 | 37,447 | |||||||||||||
| cash flow from investments | -11,781 | -6,664 | -20,427 | -4,467 | 45,346 | -84,234 | |||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -18,626 | 207,036 | -305,083 | 87,596 | 449,008 | ||||||||||
| Group/Directors Accounts | -1 | 1 | -2,217,204 | 2,217,204 | -1,405,574 | 281,034 | -105,615 | -434,538 | -1,981,988 | -720,154 | -1,790,285 | 3,255,723 | 830,184 | 2,071,213 | |
| Other Short Term Loans | 3,818 | ||||||||||||||
| Long term loans | -1,930,005 | 1,930,005 | |||||||||||||
| Hire Purchase and Lease Commitments | -22,207 | -3,606 | -3,606 | 29,419 | |||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -34,200 | -2,426 | -11,935 | -7,148 | 28 | 49,974 | 205 | 116 | -105,964 | 68 | -2,091 | -2,101 | -129,730 | -141,531 | -147,755 |
| cash flow from financing | -49,008 | 43,428 | -249,863 | -1,835,842 | 2,581,223 | 43,455 | 291,092 | -97,832 | -2,348,901 | -74,122 | -725,851 | -1,795,992 | 3,155,412 | 688,653 | 7,371,668 |
| cash and cash equivalents | |||||||||||||||
| cash | -135,930 | 498,932 | 93,948 | -187,957 | -296,649 | 288,191 | 67,019 | -159,027 | -987,754 | 1,097,787 | -819,455 | 503,896 | -107,422 | -354,946 | 1,005,825 |
| overdraft | 1 | -1 | 1 | ||||||||||||
| change in cash | -135,930 | 498,931 | 93,948 | -187,956 | -296,650 | 288,191 | 67,019 | -159,027 | -987,754 | 1,097,787 | -819,455 | 503,896 | -107,422 | -354,946 | 1,005,825 |
peseco limited Credit Report and Business Information
Peseco Limited Competitor Analysis
Perform a competitor analysis for peseco limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mid companies, companies in AB12 area or any other competitors across 12 key performance metrics.
peseco limited Ownership
PESECO LIMITED group structure
Peseco Limited has no subsidiary companies.
Ultimate parent company
IPS GROUP HOLDING BV
#0113378
1 parent
PESECO LIMITED
SC190923
peseco limited directors
Peseco Limited currently has 3 directors. The longest serving directors include Mrs Ilirjana Bradley (Apr 2020) and Mr Maarten Bruggink (Apr 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Ilirjana Bradley | Scotland | 46 years | Apr 2020 | - | Director |
| Mr Maarten Bruggink | 55 years | Apr 2020 | - | Director | |
| Mr Maarten Bruggink | 55 years | Apr 2020 | - | Director |
P&L
December 2023turnover
15.6m
+11%
operating profit
590.9k
-25%
gross margin
13.9%
-11.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.4m
-0.45%
total assets
4.8m
-0.47%
cash
506.5k
-0.21%
net assets
Total assets minus all liabilities
peseco limited company details
company number
SC190923
Type
Private limited with Share Capital
industry
06200 - Extraction of natural gas
06100 - Extraction of crude petroleum
incorporation date
November 1998
age
27
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
petroleum equipment supply engineering company limited (September 2024)
accountant
-
auditor
MHA
address
suite l1 badentoy avenue, portlethen, aberdeen, AB12 4YB
Bank
BARCLAYS BANK PLC
Legal Advisor
RAEBUM CHRISTIE CLARK & WALLACE
peseco 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 peseco limited. Currently there are 1 open charges and 2 have been satisfied in the past.
peseco 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 PESECO LIMITED. This can take several minutes, an email will notify you when this has completed.
peseco limited Companies House Filings - See Documents
| date | description | view/download |
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