offshore support vessels ix limited
offshore support vessels ix limited Company Information
Company Number
SC196771
Next Accounts
91 days late
Industry
Support activities for petroleum and natural gas extraction
Shareholders
vroon offshore uk limited
Group Structure
View All
Contact
Registered Address
4th floor, regent centre, regent road, aberdeen, AB11 5NS
offshore support vessels ix limited Estimated Valuation
Pomanda estimates the enterprise value of OFFSHORE SUPPORT VESSELS IX LIMITED at £12.9m based on a Turnover of £18m and 0.72x industry multiple (adjusted for size and gross margin).
offshore support vessels ix limited Estimated Valuation
Pomanda estimates the enterprise value of OFFSHORE SUPPORT VESSELS IX LIMITED at £0 based on an EBITDA of £-10.5m and a 2.33x industry multiple (adjusted for size and gross margin).
offshore support vessels ix limited Estimated Valuation
Pomanda estimates the enterprise value of OFFSHORE SUPPORT VESSELS IX LIMITED at £0 based on Net Assets of £-13.1m and 1.47x industry multiple (adjusted for liquidity).
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Offshore Support Vessels Ix Limited Overview
Offshore Support Vessels Ix Limited is a live company located in aberdeen, AB11 5NS with a Companies House number of SC196771. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in May 1999, it's largest shareholder is vroon offshore uk limited with a 100% stake. Offshore Support Vessels Ix Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18m with healthy growth in recent years.
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Offshore Support Vessels Ix Limited Health Check
Pomanda's financial health check has awarded Offshore Support Vessels Ix Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £18m, make it larger than the average company (£14m)
£18m - Offshore Support Vessels Ix Limited
£14m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (-2.6%)
8% - Offshore Support Vessels Ix Limited
-2.6% - Industry AVG
Production
with a gross margin of 9%, this company has a higher cost of product (20.3%)
9% - Offshore Support Vessels Ix Limited
20.3% - Industry AVG
Profitability
an operating margin of -65.7% make it less profitable than the average company (6%)
-65.7% - Offshore Support Vessels Ix Limited
6% - Industry AVG
Employees
with 84 employees, this is above the industry average (40)
- Offshore Support Vessels Ix Limited
40 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Offshore Support Vessels Ix Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £214.7k, this is equally as efficient (£216.4k)
- Offshore Support Vessels Ix Limited
£216.4k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (53 days)
25 days - Offshore Support Vessels Ix Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (26 days)
3 days - Offshore Support Vessels Ix Limited
26 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (29 days)
4 days - Offshore Support Vessels Ix Limited
29 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (9 weeks)
4 weeks - Offshore Support Vessels Ix Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 275.4%, this is a higher level of debt than the average (58.3%)
275.4% - Offshore Support Vessels Ix Limited
58.3% - Industry AVG
OFFSHORE SUPPORT VESSELS IX LIMITED financials
Offshore Support Vessels Ix Limited's latest turnover from December 2022 is £18 million and the company has net assets of -£13.1 million. According to their latest financial statements, we estimate that Offshore Support Vessels Ix Limited has 84 employees and maintains cash reserves of £1.8 million 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 | 18,035,000 | 13,397,000 | 14,344,000 | 13,485,000 | 12,254,000 | 13,209,000 | 11,429,000 | 3,378,000 | 0 | 0 | 0 | 0 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 16,407,000 | 12,047,000 | 13,088,000 | 12,898,000 | 11,326,000 | 10,935,000 | 9,863,000 | 3,169,000 | 0 | |||||
| Gross Profit | 1,628,000 | 1,350,000 | 1,256,000 | 587,000 | 928,000 | 2,274,000 | 1,566,000 | 209,000 | 0 | |||||
| Admin Expenses | 13,480,000 | -5,130,000 | 24,000 | -1,000 | -3,000 | |||||||||
| Operating Profit | -11,852,000 | 6,480,000 | 1,232,000 | 210,000 | 3,000 | 88,000 | -159,000 | 1,000 | ||||||
| Interest Payable | 1,617,000 | 962,000 | 1,213,000 | 1,099,000 | 986,000 | 1,473,000 | 835,000 | 248,000 | 215,000 | 204,000 | 71,000 | 0 | ||
| Interest Receivable | 12,000 | 0 | 15,000 | 97,000 | 140,000 | 0 | 15,000 | 1,000 | 2,000 | 1,000 | 0 | 0 | ||
| Pre-Tax Profit | -13,457,000 | 5,518,000 | 34,000 | -497,000 | 29,000 | 686,000 | 672,000 | -37,000 | -210,000 | -115,000 | -230,000 | -1,000 | ||
| Tax | -1,000 | -5,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | 29,000 | 0 | 0 | 0 | 0 | ||
| Profit After Tax | -13,458,000 | 5,513,000 | 33,000 | -498,000 | 28,000 | 685,000 | 671,000 | -8,000 | -210,000 | -115,000 | -230,000 | -1,000 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -13,458,000 | 5,513,000 | 33,000 | -498,000 | 28,000 | 685,000 | 671,000 | -8,000 | -210,000 | -115,000 | -230,000 | -1,000 | ||
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | ||||||||||||||
| EBITDA* | -10,457,000 | 7,507,000 | 3,317,000 | 414,000 | 3,000 | 88,000 | -159,000 | 1,000 |
* 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 | 3,604,000 | 18,097,000 | 13,736,000 | 27,759,000 | 29,261,000 | 30,678,000 | 31,674,000 | 33,021,000 | 18,719,000 | 13,228,000 | 10,056,000 | 5,776,000 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,604,000 | 18,097,000 | 13,736,000 | 27,759,000 | 29,261,000 | 30,678,000 | 31,674,000 | 33,021,000 | 18,719,000 | 13,228,000 | 10,056,000 | 5,776,000 | 0 | 0 |
| Stock & work in progress | 221,000 | 180,000 | 112,000 | 119,000 | 64,000 | 128,000 | 66,000 | 84,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,279,000 | 399,000 | 394,000 | 533,000 | 530,000 | 736,000 | 467,000 | 464,000 | 725,000 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 441,000 | 1,102,000 | 1,496,000 | 2,109,000 | 247,000 | 146,000 | 695,000 | 1,188,000 | 777,000 | 74,000 | 959,000 | 12,000 | 0 | 0 |
| Misc Debtors | 108,000 | 217,000 | 0 | 0 | 65,000 | 0 | 0 | 265,000 | 348,000 | 830,000 | 0 | 0 | 0 | 0 |
| Cash | 1,815,000 | 655,000 | 1,655,000 | 210,000 | 836,000 | 1,165,000 | 467,000 | 726,000 | 5,000 | 2,000 | 0 | 1,000 | 1,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,864,000 | 2,553,000 | 3,657,000 | 2,971,000 | 1,742,000 | 2,175,000 | 1,695,000 | 2,727,000 | 1,855,000 | 906,000 | 959,000 | 13,000 | 1,000 | 0 |
| total assets | 7,468,000 | 20,650,000 | 17,393,000 | 30,730,000 | 31,003,000 | 32,853,000 | 33,369,000 | 35,748,000 | 20,574,000 | 14,134,000 | 11,015,000 | 5,789,000 | 1,000 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63,000 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 16,246,000 | 17,024,000 | 16,952,000 | 2,940,000 | 0 | 18,450,000 | 18,450,000 | 2,196,000 | 774,000 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 140,000 | 50,000 | 66,000 | 3,000 | 0 | 9,000 | 120,000 | 174,000 | 24,000 | 27,000 | 644,000 | 1,186,000 | 0 | 0 |
| Group/Directors Accounts | 2,086,000 | 2,608,000 | 5,152,000 | 4,931,000 | 4,352,000 | 5,255,000 | 5,670,000 | 6,840,000 | 4,545,000 | 6,521,000 | 2,713,000 | 4,832,000 | 1,000 | 0 |
| other short term finances | 0 | 0 | 0 | 9,000 | 20,000 | 117,000 | 256,000 | 74,000 | 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 | 2,096,000 | 675,000 | 446,000 | 3,000 | 7,000 | 286,000 | 165,000 | 177,000 | 272,000 | 140,000 | 2,000 | 0 | 0 | 0 |
| total current liabilities | 20,568,000 | 20,357,000 | 22,616,000 | 7,886,000 | 4,379,000 | 24,117,000 | 24,661,000 | 9,461,000 | 5,678,000 | 6,688,000 | 3,359,000 | 6,018,000 | 1,000 | 0 |
| loans | 0 | 0 | 0 | 14,605,000 | 18,386,000 | 0 | 0 | 18,264,000 | 7,544,000 | 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 | 14,605,000 | 18,386,000 | 0 | 0 | 18,264,000 | 7,544,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 20,568,000 | 20,357,000 | 22,616,000 | 22,491,000 | 22,765,000 | 24,117,000 | 24,661,000 | 27,725,000 | 13,222,000 | 6,688,000 | 3,359,000 | 6,018,000 | 1,000 | 0 |
| net assets | -13,100,000 | 293,000 | -5,223,000 | 8,239,000 | 8,238,000 | 8,736,000 | 8,708,000 | 8,023,000 | 7,352,000 | 7,446,000 | 7,656,000 | -229,000 | 0 | 0 |
| total shareholders funds | -13,100,000 | 293,000 | -5,223,000 | 8,239,000 | 8,238,000 | 8,736,000 | 8,708,000 | 8,023,000 | 7,352,000 | 7,446,000 | 7,656,000 | -229,000 | 0 | 0 |
| 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 | -11,852,000 | 6,480,000 | 1,232,000 | 210,000 | 3,000 | 88,000 | -159,000 | 1,000 | ||||||
| Depreciation | 1,395,000 | 1,027,000 | 15,018,000 | 2,085,000 | 1,417,000 | 1,347,000 | 1,347,000 | 851,000 | 204,000 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -1,000 | -5,000 | -1,000 | -1,000 | -1,000 | -1,000 | -1,000 | 29,000 | 0 | 0 | 0 | 0 | ||
| Stock | 41,000 | 68,000 | -7,000 | 55,000 | -64,000 | 62,000 | -18,000 | 84,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 110,000 | -172,000 | -752,000 | 1,800,000 | -40,000 | -280,000 | -755,000 | 67,000 | 946,000 | -55,000 | 947,000 | 12,000 | 0 | 0 |
| Creditors | 90,000 | -16,000 | 63,000 | 3,000 | -9,000 | -111,000 | -54,000 | 150,000 | -3,000 | -617,000 | -542,000 | 1,186,000 | 0 | 0 |
| Accruals and Deferred Income | 1,421,000 | 229,000 | 443,000 | -4,000 | -279,000 | 121,000 | -12,000 | -95,000 | 132,000 | 138,000 | 2,000 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -9,098,000 | 7,819,000 | 1,460,000 | -374,000 | -421,000 | -1,399,000 | 1,015,000 | 1,000 | ||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -778,000 | 72,000 | 14,012,000 | 2,940,000 | -18,450,000 | 0 | 16,254,000 | 1,422,000 | 774,000 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -522,000 | -2,544,000 | 221,000 | 579,000 | -903,000 | -415,000 | -1,170,000 | 2,295,000 | -1,976,000 | 3,808,000 | -2,119,000 | 4,831,000 | 1,000 | 0 |
| Other Short Term Loans | 0 | 0 | -9,000 | -11,000 | -97,000 | -139,000 | 182,000 | 74,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -14,605,000 | -3,781,000 | 18,386,000 | 0 | -18,264,000 | 10,720,000 | 7,544,000 | 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 | -1,605,000 | -962,000 | -1,198,000 | -1,002,000 | -846,000 | -1,473,000 | -820,000 | -247,000 | -213,000 | -203,000 | -71,000 | 0 | ||
| cash flow from financing | -2,840,000 | -3,431,000 | -1,503,000 | -2,066,000 | -1,400,000 | -4,471,000 | 13,691,000 | 6,009,000 | 3,595,000 | 5,678,000 | 4,761,000 | 2,000 | ||
| cash and cash equivalents | ||||||||||||||
| cash | 1,160,000 | -1,000,000 | 1,445,000 | -626,000 | -329,000 | 698,000 | -259,000 | 721,000 | 3,000 | 2,000 | -1,000 | 0 | 1,000 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -63,000 | 63,000 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,160,000 | -1,000,000 | 1,445,000 | -626,000 | -329,000 | 698,000 | -259,000 | 784,000 | -60,000 | 2,000 | -1,000 | 0 | 1,000 | 0 |
offshore support vessels ix limited Credit Report and Business Information
Offshore Support Vessels Ix Limited Competitor Analysis
Perform a competitor analysis for offshore support vessels ix limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mid companies, companies in AB11 area or any other competitors across 12 key performance metrics.
offshore support vessels ix limited Ownership
OFFSHORE SUPPORT VESSELS IX LIMITED group structure
Offshore Support Vessels Ix Limited has no subsidiary companies.
Ultimate parent company
VROON GROUP BV
#0057312
2 parents
OFFSHORE SUPPORT VESSELS IX LIMITED
SC196771
offshore support vessels ix limited directors
Offshore Support Vessels Ix Limited currently has 2 directors. The longest serving directors include Mr Graeme Sheach (Apr 2011) and Mr Stuart Thom (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Graeme Sheach | United Kingdom | 58 years | Apr 2011 | - | Director |
| Mr Stuart Thom | Scotland | 62 years | May 2021 | - | Director |
P&L
December 2022turnover
18m
+35%
operating profit
-11.9m
-283%
gross margin
9.1%
-10.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-13.1m
-45.71%
total assets
7.5m
-0.64%
cash
1.8m
+1.77%
net assets
Total assets minus all liabilities
offshore support vessels ix limited company details
company number
SC196771
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
May 1999
age
25
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
links crewing services limited (June 2009)
nomis marine limited (September 2006)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
4th floor, regent centre, regent road, aberdeen, AB11 5NS
Bank
DNB BANK ASA
Legal Advisor
BURNESS PAULL LLP
offshore support vessels ix 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 34 charges/mortgages relating to offshore support vessels ix limited. Currently there are 14 open charges and 20 have been satisfied in the past.
offshore support vessels ix 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 OFFSHORE SUPPORT VESSELS IX LIMITED. This can take several minutes, an email will notify you when this has completed.
offshore support vessels ix limited Companies House Filings - See Documents
| date | description | view/download |
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