denholm oilfield services (azerbaijan) limited
denholm oilfield services (azerbaijan) limited Company Information
Company Number
SC300221
Website
www.denholm-industrial.comRegistered Address
19 woodside crescent, glasgow, G3 7UL
Industry
Support activities for petroleum and natural gas extraction
Telephone
01413334600
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
nobel oil services (uk) limited 50%
denholm energy services limited 50%
denholm oilfield services (azerbaijan) limited Estimated Valuation
Pomanda estimates the enterprise value of DENHOLM OILFIELD SERVICES (AZERBAIJAN) LIMITED at £246.3k based on a Turnover of £548.4k and 0.45x industry multiple (adjusted for size and gross margin).
denholm oilfield services (azerbaijan) limited Estimated Valuation
Pomanda estimates the enterprise value of DENHOLM OILFIELD SERVICES (AZERBAIJAN) LIMITED at £29.6k based on an EBITDA of £14.6k and a 2.03x industry multiple (adjusted for size and gross margin).
denholm oilfield services (azerbaijan) limited Estimated Valuation
Pomanda estimates the enterprise value of DENHOLM OILFIELD SERVICES (AZERBAIJAN) LIMITED at £376.6k based on Net Assets of £208.2k and 1.81x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
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Denholm Oilfield Services (azerbaijan) Limited Overview
Denholm Oilfield Services (azerbaijan) Limited is a live company located in glasgow, G3 7UL with a Companies House number of SC300221. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in April 2006, it's largest shareholder is nobel oil services (uk) limited with a 50% stake. Denholm Oilfield Services (azerbaijan) Limited is a established, small sized company, Pomanda has estimated its turnover at £548.4k with unknown growth in recent years.
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Denholm Oilfield Services (azerbaijan) Limited Health Check
Pomanda's financial health check has awarded Denholm Oilfield Services (Azerbaijan) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
6 Weak
Size
annual sales of £548.4k, make it smaller than the average company (£14.1m)
£548.4k - Denholm Oilfield Services (azerbaijan) Limited
£14.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Denholm Oilfield Services (azerbaijan) Limited
- - Industry AVG
Production
with a gross margin of 7.5%, this company has a higher cost of product (20.1%)
7.5% - Denholm Oilfield Services (azerbaijan) Limited
20.1% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (5.9%)
2.7% - Denholm Oilfield Services (azerbaijan) Limited
5.9% - Industry AVG
Employees
with 32 employees, this is below the industry average (42)
32 - Denholm Oilfield Services (azerbaijan) Limited
42 - Industry AVG
Pay Structure
on an average salary of £15.9k, the company has a lower pay structure (£73.3k)
£15.9k - Denholm Oilfield Services (azerbaijan) Limited
£73.3k - Industry AVG
Efficiency
resulting in sales per employee of £17.1k, this is less efficient (£217k)
£17.1k - Denholm Oilfield Services (azerbaijan) Limited
£217k - Industry AVG
Debtor Days
it gets paid by customers after 128 days, this is later than average (50 days)
128 days - Denholm Oilfield Services (azerbaijan) Limited
50 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Denholm Oilfield Services (azerbaijan) Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (27 days)
1 days - Denholm Oilfield Services (azerbaijan) Limited
27 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 61 weeks, this is more cash available to meet short term requirements (7 weeks)
61 weeks - Denholm Oilfield Services (azerbaijan) Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.7%, this is a lower level of debt than the average (58.4%)
16.7% - Denholm Oilfield Services (azerbaijan) Limited
58.4% - Industry AVG
denholm oilfield services (azerbaijan) limited Credit Report and Business Information
Denholm Oilfield Services (azerbaijan) Limited Competitor Analysis
Perform a competitor analysis for denholm oilfield services (azerbaijan) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
denholm oilfield services (azerbaijan) limited Ownership
DENHOLM OILFIELD SERVICES (AZERBAIJAN) LIMITED group structure
Denholm Oilfield Services (Azerbaijan) Limited has no subsidiary companies.
Ultimate parent company
DENHOLM OILFIELD SERVICES (AZERBAIJAN) LIMITED
SC300221
denholm oilfield services (azerbaijan) limited directors
Denholm Oilfield Services (Azerbaijan) Limited currently has 4 directors. The longest serving directors include Mr Michael Beveridge (Apr 2013) and Mr Eldar Mammadzada (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Beveridge | Scotland | 57 years | Apr 2013 | - | Director |
| Mr Eldar Mammadzada | United Kingdom | 48 years | Dec 2017 | - | Director |
| Mr Vugar Samadli | England | 42 years | Dec 2017 | - | Director |
| Mr Martin Clark | United Kingdom | 50 years | Apr 2018 | - | Director |
DENHOLM OILFIELD SERVICES (AZERBAIJAN) LIMITED financials
Denholm Oilfield Services (Azerbaijan) Limited's latest turnover from December 2022 is £548.4 thousand and the company has net assets of £208.2 thousand. According to their latest financial statements, Denholm Oilfield Services (Azerbaijan) Limited has 32 employees and maintains cash reserves of £49.4 thousand 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 | 548,364 | 1,054,692 | 746,147 | 0 | 0 | 704,835 | 2,685,049 | 314,354 | 78,280 | 535,053 | 284,419 | 205,596 | 77,570 | 29,241 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 507,390 | 973,177 | 709,044 | 0 | -115,402 | 674,178 | 2,124,394 | 205,878 | 41,228 | 325,711 | 188,566 | 120,023 | 45,684 | 32,302 |
| Gross Profit | 40,974 | 81,515 | 37,102 | 0 | 115,402 | 30,656 | 560,655 | 108,475 | 37,052 | 209,343 | 95,853 | 85,573 | 31,887 | -3,060 |
| Admin Expenses | 26,398 | 50,275 | 13,630 | 4,013 | 9,689 | -22,907 | 66,155 | 70,608 | 65,347 | 66,273 | 38,834 | 68,884 | 66,256 | 79,634 |
| Operating Profit | 14,576 | 31,240 | 23,472 | -4,013 | 105,713 | 53,563 | 494,500 | 37,867 | -28,295 | 143,070 | 57,019 | 16,689 | -34,369 | -82,694 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 505 | 2,373 | 2,211 | 2,216 |
| Interest Receivable | 0 | 0 | 0 | 358 | 559 | 16 | 2 | 33 | 362 | 65 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 14,576 | 31,240 | 23,472 | -3,655 | 106,273 | 53,579 | 494,502 | 37,902 | -27,932 | 143,135 | 56,514 | 14,316 | -36,579 | -84,910 |
| Tax | -90,770 | -9,056 | -2,858 | 2,264 | -18,682 | -7,179 | -103,071 | -7,966 | 5,892 | -34,342 | -13,434 | -3,806 | 10,247 | 23,767 |
| Profit After Tax | -76,194 | 22,184 | 20,614 | -1,391 | 87,590 | 46,400 | 391,431 | 29,936 | -22,041 | 108,793 | 43,080 | 10,510 | -26,333 | -61,142 |
| Dividends Paid | 0 | 80,860 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -76,194 | -58,676 | 20,614 | -1,391 | 87,590 | 46,400 | 391,431 | 29,936 | -22,041 | 108,793 | 43,080 | 10,510 | -26,333 | -61,142 |
| Employee Costs | 507,390 | 973,177 | 684,045 | 0 | 5,338 | 27,278 | 26,580 | 68,179 | 35,437 | 105,707 | 42,642 | 38,212 | 47,382 | 47,427 |
| Number Of Employees | 32 | 58 | 44 | 1 | 2 | 2 | 2 | 2 | 17 | 10 | 5 | 5 | 5 | |
| EBITDA* | 14,576 | 31,240 | 23,472 | -4,013 | 105,713 | 53,563 | 508,022 | 52,798 | -13,483 | 155,600 | 57,969 | 17,125 | -33,838 | -82,178 |
* 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,686 | 28,386 | 36,549 | 44,667 | 0 | 448 | 951 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,687 | 28,387 | 36,549 | 44,667 | 0 | 448 | 951 |
| Stock & work in progress | 1,631 | 1,631 | 1,672 | 1,466 | 1,616 | 1,616 | 1,546 | 1,564 | 2,957 | 3,447 | 3,457 | 0 | 5,486 | 10,302 |
| Trade Debtors | 193,699 | 77,097 | 104,511 | 0 | 0 | 639,115 | 5,501 | 80,442 | 217,701 | 153,830 | 86,323 | 162,557 | 21,171 | 16,502 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 1,408,487 | 0 | 1,701 | 2,033 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,131 | 61,558 | 208,676 | 244,639 | 268,786 | 110,275 | 146,759 | 44,405 | 26,989 | 1,302 | 12,551 | 1,389 | 49,081 | 42,007 |
| Cash | 49,375 | 205,285 | 151,494 | 53,999 | 76,957 | 61,930 | 18,456 | 209,956 | 77,549 | 138,933 | 68,651 | 49,444 | 94,058 | 104,410 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 249,836 | 345,572 | 466,354 | 300,105 | 347,359 | 812,936 | 1,580,750 | 336,367 | 326,898 | 299,545 | 170,982 | 213,391 | 169,796 | 173,221 |
| total assets | 249,836 | 345,572 | 466,354 | 300,105 | 347,359 | 812,936 | 1,580,750 | 350,054 | 355,284 | 336,095 | 215,649 | 213,391 | 170,244 | 174,172 |
| Bank overdraft | 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 |
| Trade Creditors | 0 | 16,648 | 10,116 | 0 | 0 | 3,053 | 0 | 6,800 | 32,883 | 423 | 31,020 | 62,168 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 720,615 | 0 | 0 | 0 | 6,105 | 21,447 | 63,174 | 44,622 |
| other short term finances | 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 |
| other current liabilities | 41,672 | 44,566 | 104,617 | 9,809 | 25,903 | 15,255 | 125,151 | 14,627 | 26,124 | 65,821 | 30,815 | 22,680 | 7,937 | 7,706 |
| total current liabilities | 41,672 | 61,215 | 114,734 | 9,810 | 25,903 | 18,308 | 845,766 | 21,427 | 59,007 | 66,245 | 67,940 | 106,295 | 71,111 | 52,328 |
| loans | 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 |
| 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 | 18,880 | 0 | 0 | 521 | 1,609 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 18,881 | 0 | 0 | 522 | 1,609 | 0 | 0 | 0 |
| total liabilities | 41,672 | 61,215 | 114,734 | 9,810 | 25,903 | 18,308 | 864,647 | 21,427 | 59,007 | 66,766 | 69,549 | 106,295 | 71,111 | 52,328 |
| net assets | 208,164 | 284,358 | 351,620 | 290,295 | 321,456 | 794,628 | 716,103 | 328,627 | 296,277 | 269,329 | 146,100 | 107,096 | 99,133 | 121,844 |
| total shareholders funds | 208,164 | 284,358 | 351,620 | 290,295 | 321,456 | 794,628 | 716,103 | 328,627 | 296,277 | 269,329 | 146,100 | 107,096 | 99,133 | 121,844 |
| 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 | 14,576 | 31,240 | 23,472 | -4,013 | 105,713 | 53,563 | 494,500 | 37,867 | -28,295 | 143,070 | 57,019 | 16,689 | -34,369 | -82,694 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 13,522 | 14,931 | 14,812 | 12,531 | 951 | 436 | 531 | 516 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -90,770 | -9,056 | -2,858 | 2,264 | -18,682 | -7,179 | -103,071 | -7,966 | 5,892 | -34,342 | -13,434 | -3,806 | 10,247 | 23,767 |
| Stock | 0 | -41 | 206 | -150 | 0 | 69 | -18 | -1,392 | -491 | -9 | 3,457 | -5,486 | -4,816 | 10,302 |
| Debtors | 60,173 | -174,531 | 68,548 | -24,147 | -480,604 | -811,357 | 1,435,900 | -121,545 | 89,227 | 58,291 | -65,072 | 93,694 | 11,744 | 58,508 |
| Creditors | -16,648 | 6,531 | 10,116 | 0 | -3,053 | 3,053 | -6,800 | -26,083 | 32,459 | -30,596 | -31,148 | 62,168 | 0 | 0 |
| Accruals and Deferred Income | -2,894 | -60,051 | 94,808 | -16,094 | 10,648 | -109,896 | 110,524 | -11,497 | -39,697 | 35,006 | 8,135 | 14,743 | 231 | 7,706 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -18,880 | 18,880 | 0 | -521 | -1,088 | 1,609 | 0 | 0 | 0 |
| Cash flow from operations | -155,909 | 143,236 | 56,784 | 6,454 | 575,230 | 731,949 | -908,327 | 130,189 | -104,086 | 66,299 | 84,747 | 2,022 | -30,288 | -119,515 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -720,615 | 720,615 | 0 | 0 | -6,105 | -15,342 | -41,727 | 18,552 | 44,622 |
| Other Short Term Loans | 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 | 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 | 0 | 0 | 0 | 358 | 559 | 16 | 2 | 33 | 362 | 65 | -505 | -2,373 | -2,211 | -2,216 |
| cash flow from financing | 0 | -8,587 | 40,711 | -29,411 | -560,203 | -688,474 | 716,662 | 2,447 | 49,352 | 8,395 | -19,923 | -46,647 | 19,963 | 225,392 |
| cash and cash equivalents | ||||||||||||||
| cash | -155,910 | 53,791 | 97,496 | -22,958 | 15,027 | 43,474 | -191,500 | 132,407 | -61,383 | 70,282 | 19,207 | -44,613 | -10,353 | 104,410 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -155,910 | 53,791 | 97,496 | -22,958 | 15,027 | 43,474 | -191,500 | 132,407 | -61,383 | 70,282 | 19,207 | -44,613 | -10,353 | 104,410 |
P&L
December 2022turnover
548.4k
-48%
operating profit
14.6k
-53%
gross margin
7.5%
-3.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
208.2k
-0.27%
total assets
249.8k
-0.28%
cash
49.4k
-0.76%
net assets
Total assets minus all liabilities
Similar Companies
denholm oilfield services (azerbaijan) limited company details
company number
SC300221
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
April 2006
age
18
accounts
Small Company
ultimate parent company
previous names
macrocom (945) limited (June 2006)
incorporated
UK
address
19 woodside crescent, glasgow, G3 7UL
last accounts submitted
December 2022
denholm oilfield services (azerbaijan) 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 denholm oilfield services (azerbaijan) limited.
denholm oilfield services (azerbaijan) limited Companies House Filings - See Documents
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