zenith oilfield technology ltd
zenith oilfield technology ltd Company Information
Company Number
SC260113
Next Accounts
Sep 2025
Shareholders
sondex wireline ltd
Group Structure
View All
Industry
Support activities for petroleum and natural gas extraction
Registered Address
stoneywood park north dyce, aberdeen, aberdeenshire, AB21 7EA
Website
-zenith oilfield technology ltd Estimated Valuation
Pomanda estimates the enterprise value of ZENITH OILFIELD TECHNOLOGY LTD at £57.9m based on a Turnover of £53.4m and 1.08x industry multiple (adjusted for size and gross margin).
zenith oilfield technology ltd Estimated Valuation
Pomanda estimates the enterprise value of ZENITH OILFIELD TECHNOLOGY LTD at £22.7m based on an EBITDA of £6.3m and a 3.58x industry multiple (adjusted for size and gross margin).
zenith oilfield technology ltd Estimated Valuation
Pomanda estimates the enterprise value of ZENITH OILFIELD TECHNOLOGY LTD at £77.9m based on Net Assets of £55.8m and 1.4x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Zenith Oilfield Technology Ltd Overview
Zenith Oilfield Technology Ltd is a live company located in aberdeenshire, AB21 7EA with a Companies House number of SC260113. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in December 2003, it's largest shareholder is sondex wireline ltd with a 100% stake. Zenith Oilfield Technology Ltd is a mature, large sized company, Pomanda has estimated its turnover at £53.4m with healthy growth in recent years.
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Zenith Oilfield Technology Ltd Health Check
Pomanda's financial health check has awarded Zenith Oilfield Technology Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
2 Weak
Size
annual sales of £53.4m, make it larger than the average company (£17.1m)
£53.4m - Zenith Oilfield Technology Ltd
£17.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (3.4%)
12% - Zenith Oilfield Technology Ltd
3.4% - Industry AVG
Production
with a gross margin of 19%, this company has a higher cost of product (25.1%)
19% - Zenith Oilfield Technology Ltd
25.1% - Industry AVG
Profitability
an operating margin of 11.8% make it more profitable than the average company (6.6%)
11.8% - Zenith Oilfield Technology Ltd
6.6% - Industry AVG
Employees
with 41 employees, this is similar to the industry average (41)
41 - Zenith Oilfield Technology Ltd
41 - Industry AVG
Pay Structure
on an average salary of £71.1k, the company has an equivalent pay structure (£71.6k)
£71.1k - Zenith Oilfield Technology Ltd
£71.6k - Industry AVG
Efficiency
resulting in sales per employee of £1.3m, this is more efficient (£220.2k)
£1.3m - Zenith Oilfield Technology Ltd
£220.2k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (55 days)
8 days - Zenith Oilfield Technology Ltd
55 days - Industry AVG
Creditor Days
its suppliers are paid after 97 days, this is slower than average (28 days)
97 days - Zenith Oilfield Technology Ltd
28 days - Industry AVG
Stock Days
it holds stock equivalent to 137 days, this is more than average (33 days)
137 days - Zenith Oilfield Technology Ltd
33 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Zenith Oilfield Technology Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23%, this is a lower level of debt than the average (55.2%)
23% - Zenith Oilfield Technology Ltd
55.2% - Industry AVG
ZENITH OILFIELD TECHNOLOGY LTD financials
Zenith Oilfield Technology Ltd's latest turnover from December 2023 is £53.4 million and the company has net assets of £55.8 million. According to their latest financial statements, Zenith Oilfield Technology Ltd has 41 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 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 53,407,785 | 49,301,367 | 40,161,721 | 38,369,000 | 41,824,000 | 31,350,000 | 29,173,000 | 22,846,000 | 29,546,000 | 35,322,000 | 35,685,000 | 18,935,000 | 26,675,137 | 21,878,963 | 17,173,771 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 43,237,841 | 39,684,645 | 35,095,011 | 34,429,000 | 39,803,000 | 25,381,000 | 20,221,000 | 15,789,000 | 18,150,000 | 20,838,000 | 19,080,000 | 8,584,000 | 11,606,561 | 10,008,338 | 7,925,435 |
| Gross Profit | 10,169,944 | 9,616,722 | 5,066,710 | 3,940,000 | 2,021,000 | 5,969,000 | 8,952,000 | 7,057,000 | 11,396,000 | 14,484,000 | 16,605,000 | 10,351,000 | 15,068,576 | 11,870,625 | 9,248,336 |
| Admin Expenses | 3,864,206 | 2,619,876 | 3,595,052 | 4,700,000 | 9,489,000 | 2,701,000 | 3,799,000 | 7,545,000 | 5,726,000 | 8,508,000 | 7,694,000 | 5,619,000 | 8,062,062 | 6,948,847 | 5,718,590 |
| Operating Profit | 6,305,738 | 6,996,846 | 1,471,658 | -760,000 | -7,468,000 | 3,268,000 | 5,153,000 | -488,000 | 5,670,000 | 5,976,000 | 8,911,000 | 4,732,000 | 7,006,514 | 4,921,778 | 3,529,746 |
| Interest Payable | 2,780,610 | 286,246 | 134,228 | 842,000 | 102,000 | 133,000 | 188,000 | 2,000 | 369 | 698 | 908 | ||||
| Interest Receivable | 4,580,399 | 920,190 | 30,726 | 153,000 | 969,000 | 136,000 | 285,000 | 119,000 | 72,000 | 52,000 | 424,000 | 155,000 | 6,302 | 3,407 | 517 |
| Pre-Tax Profit | 8,105,527 | 7,765,020 | 1,382,712 | -1,351,000 | -6,601,000 | 3,160,000 | 5,305,000 | -557,000 | 5,742,000 | 6,026,000 | 9,335,000 | 4,887,000 | 7,012,447 | 4,924,487 | 3,529,355 |
| Tax | -2,329,854 | -1,482,979 | -350,125 | 224,000 | 1,001,000 | -741,000 | -54,000 | 227,000 | -22,000 | -1,266,000 | -422,000 | -537,000 | -338,306 | -1,253,230 | -927,025 |
| Profit After Tax | 5,775,674 | 6,282,041 | 1,032,587 | -1,127,000 | -5,600,000 | 2,419,000 | 5,251,000 | -330,000 | 5,720,000 | 4,760,000 | 8,913,000 | 4,350,000 | 6,674,141 | 3,671,257 | 2,602,330 |
| Dividends Paid | 1,600,000 | 1,200,000 | |||||||||||||
| Retained Profit | 5,775,674 | 6,282,041 | 1,032,587 | -1,127,000 | -5,600,000 | 2,419,000 | 5,251,000 | -330,000 | 5,720,000 | 4,760,000 | 8,913,000 | 4,350,000 | 6,674,141 | 2,071,257 | 1,402,330 |
| Employee Costs | 2,914,947 | 2,733,080 | 2,906,930 | 2,825,000 | 3,854,000 | 3,598,000 | 3,939,000 | 5,775,000 | 6,450,000 | 6,192,000 | 6,456,000 | 3,268,000 | 5,372,869 | 4,508,003 | 3,679,598 |
| Number Of Employees | 41 | 41 | 43 | 50 | 62 | 58 | 78 | 96 | 102 | 125 | 109 | 97 | 90 | 80 | 66 |
| EBITDA* | 6,332,443 | 7,068,812 | 1,572,733 | -653,000 | -7,357,000 | 3,481,000 | 5,288,000 | -373,000 | 5,814,000 | 6,112,000 | 9,079,000 | 4,839,000 | 7,194,224 | 5,373,035 | 3,907,801 |
* 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 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 193,412 | 227,217 | 191,639 | 38,000 | 61,000 | 175,000 | 244,000 | 324,000 | 96,000 | 209,000 | 292,000 | 271,000 | 331,369 | 314,696 | 356,385 |
| Intangible Assets | 44,473 | 130,000 | 219,000 | 324,000 | 419,000 | 12,500 | 305,209 | ||||||||
| Investments & Other | 244,000 | 250,000 | 244,000 | 244,000 | 244,000 | 244,000 | 243,744 | 243,744 | 60 | ||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 193,413 | 227,218 | 236,112 | 168,000 | 280,000 | 499,000 | 907,000 | 574,000 | 340,000 | 453,000 | 536,000 | 515,000 | 575,113 | 570,940 | 661,654 |
| Stock & work in progress | 16,245,853 | 11,185,413 | 9,657,152 | 10,377,000 | 16,267,000 | 13,684,000 | 7,439,000 | 6,579,000 | 6,709,000 | 6,376,000 | 5,019,000 | 3,614,000 | 2,794,731 | 2,363,751 | 2,714,191 |
| Trade Debtors | 1,171,805 | 3,177,812 | 3,100,186 | 1,087,000 | 2,311,000 | 4,621,000 | 3,489,000 | 3,732,000 | 4,221,000 | 10,062,000 | 8,973,000 | 10,494,000 | 6,186,587 | 4,872,468 | 4,877,758 |
| Group Debtors | 53,493,566 | 53,670,251 | 47,545,079 | 37,504,000 | 31,863,000 | 33,154,000 | 34,603,000 | 33,708,000 | 30,214,000 | 20,983,000 | 15,767,000 | 6,352,000 | |||
| Misc Debtors | 1,381,403 | 2,526,077 | 2,181,612 | 503,000 | 1,352,000 | 1,748,000 | 1,574,000 | 603,000 | 1,050,000 | 569,000 | 1,138,000 | 1,032,000 | 1,288,953 | 377,502 | 1,012,288 |
| Cash | 809 | 361,446 | 726,000 | 960,000 | 782,000 | 252,000 | 231,000 | 114,000 | 1,284,000 | 595,000 | 1,245,000 | 7,403,288 | 3,287,610 | 569,122 | |
| misc current assets | |||||||||||||||
| total current assets | 72,292,628 | 70,560,362 | 62,845,476 | 50,197,000 | 52,753,000 | 53,989,000 | 47,357,000 | 44,853,000 | 42,308,000 | 39,274,000 | 31,492,000 | 22,737,000 | 17,673,559 | 10,901,331 | 9,173,359 |
| total assets | 72,486,040 | 70,787,580 | 63,081,588 | 50,365,000 | 53,033,000 | 54,488,000 | 48,264,000 | 45,427,000 | 42,648,000 | 39,727,000 | 32,028,000 | 23,252,000 | 18,248,672 | 11,472,271 | 9,835,013 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 11,538,399 | 12,946,551 | 11,638,231 | 4,620,000 | 8,279,000 | 5,129,000 | 3,207,000 | 3,056,000 | 2,221,000 | 3,740,000 | 1,922,000 | 2,703,000 | 2,917,315 | 2,122,236 | 2,170,724 |
| Group/Directors Accounts | 3,858,542 | 2,218,000 | 2,167,057 | 2,711,000 | 635,000 | 1,740,000 | 323,000 | 2,763,000 | 840,000 | 520,000 | 409,000 | 269,000 | 222,438 | 222,438 | |
| other short term finances | 287,000 | 262,000 | 277,000 | ||||||||||||
| hp & lease commitments | 169,134 | 163,337 | 177,084 | 173,000 | 139,000 | ||||||||||
| other current liabilities | 1,109,492 | 5,305,247 | 5,036,791 | 3,697,000 | 3,488,000 | 1,916,000 | 1,474,000 | 1,605,000 | 1,524,000 | 3,026,000 | 2,121,000 | 1,617,000 | 787,566 | 1,491,415 | 2,083,594 |
| total current liabilities | 16,675,569 | 20,633,137 | 19,019,164 | 11,201,000 | 12,541,000 | 9,072,000 | 5,266,000 | 7,701,000 | 4,585,000 | 7,286,000 | 4,452,000 | 4,589,000 | 3,927,319 | 3,836,089 | 4,254,318 |
| loans | |||||||||||||||
| hp & lease commitments | 162,529 | 352,551 | 495,000 | 696,000 | |||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 20,000 | 21,000 | 7,000 | 105,000 | 8,692 | 18,072 | 33,842 | ||||||||
| total long term liabilities | 162,529 | 352,551 | 495,000 | 696,000 | 20,000 | 21,000 | 7,000 | 105,000 | 8,692 | 18,072 | 33,842 | ||||
| total liabilities | 16,675,569 | 20,795,666 | 19,371,715 | 11,696,000 | 13,237,000 | 9,092,000 | 5,287,000 | 7,701,000 | 4,592,000 | 7,391,000 | 4,452,000 | 4,589,000 | 3,936,011 | 3,854,161 | 4,288,160 |
| net assets | 55,810,472 | 49,991,914 | 43,709,873 | 38,669,000 | 39,796,000 | 45,396,000 | 42,977,000 | 37,726,000 | 38,056,000 | 32,336,000 | 27,576,000 | 18,663,000 | 14,312,661 | 7,618,110 | 5,546,853 |
| total shareholders funds | 55,810,472 | 49,991,914 | 43,709,873 | 38,669,000 | 39,796,000 | 45,396,000 | 42,977,000 | 37,726,000 | 38,056,000 | 32,336,000 | 27,576,000 | 18,663,000 | 14,312,661 | 7,618,110 | 5,546,853 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 6,305,738 | 6,996,846 | 1,471,658 | -760,000 | -7,468,000 | 3,268,000 | 5,153,000 | -488,000 | 5,670,000 | 5,976,000 | 8,911,000 | 4,732,000 | 7,006,514 | 4,921,778 | 3,529,746 |
| Depreciation | 26,706 | 27,493 | 12,129 | 18,000 | 21,000 | 118,000 | 80,000 | 115,000 | 144,000 | 136,000 | 168,000 | 107,000 | 175,210 | 158,548 | 97,847 |
| Amortisation | 44,473 | 88,946 | 89,000 | 90,000 | 95,000 | 55,000 | 12,500 | 292,709 | 280,208 | ||||||
| Tax | -2,329,854 | -1,482,979 | -350,125 | 224,000 | 1,001,000 | -741,000 | -54,000 | 227,000 | -22,000 | -1,266,000 | -422,000 | -537,000 | -338,306 | -1,253,230 | -927,025 |
| Stock | 5,060,440 | 1,528,261 | -719,848 | -5,890,000 | 2,583,000 | 6,245,000 | 860,000 | -130,000 | 333,000 | 1,357,000 | 1,405,000 | 1,250,249 | 430,980 | -350,440 | 2,714,191 |
| Debtors | -3,327,365 | 6,547,263 | 13,732,877 | 3,568,000 | -3,997,000 | -143,000 | 1,623,000 | 2,558,000 | 3,871,000 | 5,736,000 | 8,000,000 | 12,628,030 | 2,225,570 | -640,076 | 5,890,046 |
| Creditors | -1,408,152 | 1,308,321 | 7,018,231 | -3,659,000 | 3,150,000 | 1,922,000 | 151,000 | 835,000 | -1,519,000 | 1,818,000 | -781,000 | 580,764 | 795,079 | -48,488 | 2,170,724 |
| Accruals and Deferred Income | -4,195,755 | 268,456 | 1,339,791 | 209,000 | 1,572,000 | 442,000 | -131,000 | 81,000 | -1,502,000 | 905,000 | 504,000 | 125,585 | -703,849 | -592,179 | 2,083,594 |
| Deferred Taxes & Provisions | -20,000 | -1,000 | 21,000 | -7,000 | -98,000 | 105,000 | -18,072 | -9,380 | -15,770 | 33,842 | |||||
| Cash flow from operations | -3,334,392 | -912,914 | -3,432,399 | -1,557,000 | -240,000 | -999,000 | 2,792,000 | -1,665,000 | -1,531,000 | 581,000 | -1,025,000 | -8,888,002 | 4,281,218 | 4,453,884 | -1,335,301 |
| Investing Activities | |||||||||||||||
| capital expenditure | -191,883 | -360,543 | -686,055 | ||||||||||||
| Change in Investments | -244,000 | -6,000 | 6,000 | 256 | 243,684 | 60 | |||||||||
| cash flow from investments | -191,883 | -604,227 | -686,115 | ||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 1,640,542 | 50,942 | -543,943 | 2,076,000 | -1,105,000 | 1,417,000 | -2,440,000 | 1,923,000 | 320,000 | 111,000 | 140,000 | 46,562 | 222,438 | ||
| Other Short Term Loans | -287,000 | 25,000 | -15,000 | 277,000 | |||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -156,732 | -203,769 | -138,365 | -167,000 | 835,000 | ||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 1,799,789 | 633,944 | -103,502 | -689,000 | 867,000 | 136,000 | 152,000 | -69,000 | 72,000 | 50,000 | 424,000 | 155,000 | 5,933 | 2,709 | -391 |
| cash flow from financing | 3,326,483 | 481,117 | 3,222,476 | 1,220,000 | 310,000 | 1,578,000 | -2,303,000 | 2,131,000 | 392,000 | 161,000 | 564,000 | 6,896,452 | 26,343 | 225,147 | 4,144,132 |
| cash and cash equivalents | |||||||||||||||
| cash | -809 | -360,637 | -364,554 | -234,000 | 178,000 | 530,000 | 21,000 | 117,000 | -1,170,000 | 689,000 | -650,000 | -2,042,610 | 4,115,678 | 2,718,488 | 569,122 |
| overdraft | |||||||||||||||
| change in cash | -809 | -360,637 | -364,554 | -234,000 | 178,000 | 530,000 | 21,000 | 117,000 | -1,170,000 | 689,000 | -650,000 | -2,042,610 | 4,115,678 | 2,718,488 | 569,122 |
zenith oilfield technology ltd Credit Report and Business Information
Zenith Oilfield Technology Ltd Competitor Analysis
Perform a competitor analysis for zenith oilfield technology ltd by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other large companies, companies in AB21 area or any other competitors across 12 key performance metrics.
zenith oilfield technology ltd Ownership
ZENITH OILFIELD TECHNOLOGY LTD group structure
Zenith Oilfield Technology Ltd has no subsidiary companies.
Ultimate parent company
GENERAL ELECTRIC COMPANY
#0001064
2 parents
ZENITH OILFIELD TECHNOLOGY LTD
SC260113
zenith oilfield technology ltd directors
Zenith Oilfield Technology Ltd currently has 2 directors. The longest serving directors include Mr Steven Moore (Apr 2020) and Ms Valentina Baldini (Sep 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Moore | Scotland | 54 years | Apr 2020 | - | Director |
| Ms Valentina Baldini | England | 46 years | Sep 2022 | - | Director |
P&L
December 2023turnover
53.4m
+8%
operating profit
6.3m
-10%
gross margin
19.1%
-2.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
55.8m
+0.12%
total assets
72.5m
+0.02%
cash
0
-1%
net assets
Total assets minus all liabilities
zenith oilfield technology ltd company details
company number
SC260113
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
December 2003
age
22
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
KPMG LLP
address
stoneywood park north dyce, aberdeen, aberdeenshire, AB21 7EA
Bank
HSBC BANK PLC
Legal Advisor
-
zenith oilfield technology ltd 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 zenith oilfield technology ltd. Currently there are 1 open charges and 1 have been satisfied in the past.
zenith oilfield technology ltd 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 ZENITH OILFIELD TECHNOLOGY LTD. This can take several minutes, an email will notify you when this has completed.
zenith oilfield technology ltd Companies House Filings - See Documents
| date | description | view/download |
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