vroon offshore uk limited
vroon offshore uk limited Company Information
Company Number
SC323539
Next Accounts
91 days late
Industry
Activities of head offices
Shareholders
vroon offshore b.v.
Group Structure
View All
Contact
Registered Address
4th floor, regent centre, regent road, aberdeen, AB11 5NS
Website
http://vroon.nlvroon offshore uk limited Estimated Valuation
Pomanda estimates the enterprise value of VROON OFFSHORE UK LIMITED at £58.7m based on a Turnover of £75.8m and 0.78x industry multiple (adjusted for size and gross margin).
vroon offshore uk limited Estimated Valuation
Pomanda estimates the enterprise value of VROON OFFSHORE UK LIMITED at £132m based on an EBITDA of £22.5m and a 5.86x industry multiple (adjusted for size and gross margin).
vroon offshore uk limited Estimated Valuation
Pomanda estimates the enterprise value of VROON OFFSHORE UK LIMITED at £0 based on Net Assets of £-15.2m and 1.99x industry multiple (adjusted for liquidity).
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Vroon Offshore Uk Limited Overview
Vroon Offshore Uk Limited is a live company located in regent road, AB11 5NS with a Companies House number of SC323539. It operates in the activities of head offices sector, SIC Code 70100. Founded in May 2007, it's largest shareholder is vroon offshore b.v. with a 100% stake. Vroon Offshore Uk Limited is a established, large sized company, Pomanda has estimated its turnover at £75.8m with declining growth in recent years.
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Vroon Offshore Uk Limited Health Check
Pomanda's financial health check has awarded Vroon Offshore Uk Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £75.8m, make it larger than the average company (£18.7m)
£75.8m - Vroon Offshore Uk Limited
£18.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (3.4%)
-1% - Vroon Offshore Uk Limited
3.4% - Industry AVG
Production
with a gross margin of 11.2%, this company has a higher cost of product (33.3%)
11.2% - Vroon Offshore Uk Limited
33.3% - Industry AVG
Profitability
an operating margin of 19.4% make it more profitable than the average company (6.2%)
19.4% - Vroon Offshore Uk Limited
6.2% - Industry AVG
Employees
with 770 employees, this is above the industry average (109)
770 - Vroon Offshore Uk Limited
109 - Industry AVG
Pay Structure
on an average salary of £39.2k, the company has an equivalent pay structure (£47k)
£39.2k - Vroon Offshore Uk Limited
£47k - Industry AVG
Efficiency
resulting in sales per employee of £98.4k, this is less efficient (£195.9k)
£98.4k - Vroon Offshore Uk Limited
£195.9k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is earlier than average (47 days)
34 days - Vroon Offshore Uk Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (45 days)
11 days - Vroon Offshore Uk Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (50 days)
7 days - Vroon Offshore Uk Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (16 weeks)
6 weeks - Vroon Offshore Uk Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 113.4%, this is a higher level of debt than the average (57.1%)
113.4% - Vroon Offshore Uk Limited
57.1% - Industry AVG
VROON OFFSHORE UK LIMITED financials
Vroon Offshore Uk Limited's latest turnover from December 2022 is £75.8 million and the company has net assets of -£15.2 million. According to their latest financial statements, Vroon Offshore Uk Limited has 770 employees and maintains cash reserves of £16.8 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 | 75,764,000 | 66,517,000 | 65,763,000 | 78,929,000 | 79,175,000 | 82,318,000 | 92,493,000 | 103,310,000 | 108,626,000 | 109,104,000 | 115,029,000 | 102,333,000 | 98,136,000 | 108,689,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 67,272,000 | 55,722,000 | 61,045,000 | 68,627,000 | 70,165,000 | 69,839,000 | 75,657,000 | 81,620,000 | 86,757,000 | 81,095,000 | 94,678,000 | 93,417,000 | 88,463,000 | 112,563,000 |
| Gross Profit | 8,492,000 | 10,795,000 | 4,718,000 | 10,302,000 | 9,010,000 | 12,479,000 | 16,836,000 | 21,690,000 | 21,869,000 | 28,009,000 | 20,351,000 | 8,916,000 | 9,673,000 | -3,874,000 |
| Admin Expenses | 5,588,000 | 6,345,000 | 5,301,000 | 4,128,000 | 1,443,000 | |||||||||
| Operating Profit | 22,421,000 | 14,006,000 | 3,615,000 | 5,545,000 | -5,317,000 | |||||||||
| Interest Payable | 10,391,000 | 6,566,000 | 7,117,000 | 7,871,000 | 5,949,000 | 5,230,000 | 8,869,000 | 14,399,000 | 4,213,000 | 3,887,000 | 3,731,000 | 4,150,000 | 5,555,000 | 4,613,000 |
| Interest Receivable | 171,000 | 641,000 | 23,000 | 142,000 | 912,000 | 1,010,000 | 32,000 | 169,000 | 16,000 | 0 | 0 | 141,000 | 495,000 | 108,000 |
| Pre-Tax Profit | 8,461,000 | 11,253,000 | -71,381,000 | -9,007,000 | -1,020,000 | 3,458,000 | 2,967,000 | 1,915,000 | 12,224,000 | 18,612,000 | 10,766,000 | 812,000 | -4,888,000 | -7,859,000 |
| Tax | -213,000 | -501,000 | -723,000 | -6,000 | -7,000 | 3,000 | 65,000 | -8,000 | 51,000 | -16,000 | -8,000 | -9,000 | -10,000 | 13,000 |
| Profit After Tax | 8,248,000 | 10,752,000 | -72,104,000 | -9,013,000 | -1,027,000 | 3,461,000 | 3,032,000 | 1,907,000 | 12,275,000 | 18,596,000 | 10,758,000 | 803,000 | -4,898,000 | -7,846,000 |
| Dividends Paid | 0 | 0 | 0 | 11,750,000 | 0 | 0 | 6,000,000 | 20,000,000 | 0 | 1,000,000 | 0 | 0 | 0 | 0 |
| Retained Profit | 8,248,000 | 10,752,000 | -72,104,000 | -20,763,000 | -1,027,000 | 3,461,000 | -2,968,000 | -18,093,000 | 12,275,000 | 17,596,000 | 10,758,000 | 803,000 | -4,898,000 | -7,846,000 |
| Employee Costs | 30,168,000 | 27,604,000 | 30,155,000 | 33,930,000 | 32,026,000 | 32,890,000 | 36,561,000 | 46,066,000 | 43,740,000 | 41,296,000 | 36,266,000 | 36,100,000 | 21,244,000 | 2,971,000 |
| Number Of Employees | 770 | 824 | 945 | 1,065 | 1,055 | 1,066 | 1,178 | 1,402 | 1,306 | 1,312 | 1,274 | 1,235 | 700 | 55 |
| EBITDA* | 29,611,000 | 32,196,000 | 19,873,000 | 18,702,000 | 9,998,000 |
* 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 | 80,882,000 | 76,957,000 | 70,222,000 | 141,723,000 | 155,095,000 | 165,201,000 | 175,156,000 | 189,985,000 | 175,710,000 | 145,609,000 | 140,887,000 | 149,180,000 | 148,844,000 | 167,638,000 |
| 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 | 80,882,000 | 76,957,000 | 70,222,000 | 141,723,000 | 155,095,000 | 165,201,000 | 175,156,000 | 189,985,000 | 175,710,000 | 145,609,000 | 140,887,000 | 149,180,000 | 148,844,000 | 167,638,000 |
| Stock & work in progress | 1,397,000 | 905,000 | 659,000 | 1,070,000 | 941,000 | 890,000 | 667,000 | 831,000 | 811,000 | 1,431,000 | 1,506,000 | 1,860,000 | 1,671,000 | 1,451,000 |
| Trade Debtors | 7,176,000 | 5,013,000 | 5,464,000 | 8,840,000 | 10,862,000 | 9,330,000 | 8,429,000 | 11,132,000 | 12,942,000 | 10,106,000 | 13,459,000 | 9,895,000 | 8,801,000 | 8,255,000 |
| Group Debtors | 5,750,000 | 1,451,000 | 375,000 | 5,176,000 | 12,352,000 | 929,000 | 1,048,000 | 1,476,000 | 663,000 | 1,500,000 | 1,448,000 | 5,611,000 | 2,240,000 | 3,056,000 |
| Misc Debtors | 1,455,000 | 2,669,000 | 2,141,000 | 667,000 | 1,182,000 | 1,031,000 | 1,348,000 | 1,378,000 | 2,073,000 | 4,914,000 | 3,036,000 | 2,774,000 | 26,663,000 | 2,454,000 |
| Cash | 16,818,000 | 17,507,000 | 9,476,000 | 8,090,000 | 7,516,000 | 15,003,000 | 5,359,000 | 7,145,000 | 3,891,000 | 1,777,000 | 2,044,000 | 6,685,000 | 5,306,000 | 4,199,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 32,596,000 | 27,545,000 | 18,115,000 | 23,843,000 | 32,853,000 | 27,183,000 | 16,851,000 | 21,962,000 | 20,380,000 | 19,728,000 | 21,493,000 | 26,825,000 | 44,681,000 | 19,415,000 |
| total assets | 113,478,000 | 104,502,000 | 88,337,000 | 165,566,000 | 187,948,000 | 192,384,000 | 192,007,000 | 211,947,000 | 196,090,000 | 165,337,000 | 162,380,000 | 176,005,000 | 193,525,000 | 187,053,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 108,077,000 | 0 | 109,882,000 | 9,379,000 | 0 | 112,863,000 | 112,863,000 | 14,046,000 | 5,611,000 | 4,883,000 | 18,027,000 | 6,617,000 | 30,917,000 | 8,862,000 |
| Trade Creditors | 2,184,000 | 122,864,000 | 1,251,000 | 1,165,000 | 218,000 | 1,758,000 | 2,655,000 | 3,001,000 | 4,756,000 | 4,365,000 | 3,702,000 | 6,097,000 | 5,319,000 | 4,207,000 |
| Group/Directors Accounts | 540,000 | 0 | 129,000 | 19,000 | 803,000 | 1,284,000 | 1,805,000 | 2,321,000 | 3,542,000 | 5,998,000 | 8,522,000 | 20,531,000 | 62,531,000 | 51,500,000 |
| other short term finances | 0 | 0 | 641,000 | 647,000 | 637,000 | 1,412,000 | 2,422,000 | 951,000 | 345,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,975,000 | 4,083,000 | 4,371,000 | 4,942,000 | 5,655,000 | 3,345,000 |
| other current liabilities | 17,786,000 | 0 | 5,585,000 | 5,408,000 | 4,154,000 | 4,542,000 | 4,667,000 | 5,165,000 | 7,182,000 | 5,975,000 | 5,708,000 | 4,129,000 | 3,707,000 | 5,164,000 |
| total current liabilities | 128,587,000 | 122,864,000 | 117,488,000 | 16,618,000 | 5,812,000 | 121,859,000 | 124,412,000 | 25,484,000 | 25,411,000 | 25,304,000 | 40,330,000 | 42,316,000 | 108,129,000 | 73,078,000 |
| loans | 0 | 0 | 0 | 105,802,000 | 119,421,000 | 6,778,000 | 7,309,000 | 123,209,000 | 40,612,000 | 18,269,000 | 13,777,000 | 31,804,000 | 0 | 52,663,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48,720,000 | 52,694,000 | 56,777,000 | 61,147,000 | 65,461,000 | 61,113,000 |
| 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 | 83,000 | 83,000 | 84,000 | 84,000 | 84,000 | 84,000 | 84,000 | 84,000 | 84,000 | 0 | 0 | 104,000 | 104,000 | 389,000 |
| total long term liabilities | 83,000 | 83,000 | 84,000 | 105,886,000 | 119,505,000 | 6,862,000 | 7,393,000 | 123,293,000 | 89,416,000 | 71,045,000 | 70,658,000 | 93,055,000 | 65,565,000 | 114,165,000 |
| total liabilities | 128,670,000 | 122,947,000 | 117,572,000 | 122,504,000 | 125,317,000 | 128,721,000 | 131,805,000 | 148,777,000 | 114,827,000 | 96,349,000 | 110,988,000 | 135,371,000 | 173,694,000 | 187,243,000 |
| net assets | -15,192,000 | -18,445,000 | -29,235,000 | 43,062,000 | 62,631,000 | 63,663,000 | 60,202,000 | 63,170,000 | 81,263,000 | 68,988,000 | 51,392,000 | 40,634,000 | 19,831,000 | -190,000 |
| total shareholders funds | -15,192,000 | -18,445,000 | -29,235,000 | 43,062,000 | 62,631,000 | 63,663,000 | 60,202,000 | 63,170,000 | 81,263,000 | 68,988,000 | 51,392,000 | 40,634,000 | 19,831,000 | -190,000 |
| 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 | 22,421,000 | 14,006,000 | 3,615,000 | 5,545,000 | -5,317,000 | |||||||||
| Depreciation | 7,806,000 | 6,816,000 | 75,834,000 | 19,669,000 | 10,057,000 | 10,037,000 | 10,023,000 | 8,958,000 | 6,501,000 | 7,190,000 | 18,190,000 | 16,258,000 | 13,157,000 | 18,958,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,643,000 |
| Tax | -213,000 | -501,000 | -723,000 | -6,000 | -7,000 | 3,000 | 65,000 | -8,000 | 51,000 | -16,000 | -8,000 | -9,000 | -10,000 | 13,000 |
| Stock | 492,000 | 246,000 | -411,000 | 129,000 | 51,000 | 223,000 | -164,000 | 20,000 | -620,000 | -75,000 | -354,000 | 189,000 | 220,000 | 1,451,000 |
| Debtors | 5,248,000 | 1,153,000 | -6,703,000 | -9,713,000 | 13,106,000 | 465,000 | -3,161,000 | -1,692,000 | -842,000 | -1,423,000 | -337,000 | -19,424,000 | 23,939,000 | 13,765,000 |
| Creditors | -120,680,000 | 121,613,000 | 86,000 | 947,000 | -1,540,000 | -897,000 | -346,000 | -1,755,000 | 391,000 | 663,000 | -2,395,000 | 778,000 | 1,112,000 | 4,207,000 |
| Accruals and Deferred Income | 17,786,000 | -5,585,000 | 177,000 | 1,254,000 | -388,000 | -125,000 | -498,000 | -2,017,000 | 1,207,000 | 267,000 | 1,579,000 | 422,000 | -1,457,000 | 5,164,000 |
| Deferred Taxes & Provisions | 0 | -1,000 | 0 | 0 | 0 | 0 | 0 | 0 | 84,000 | 0 | -104,000 | 0 | -285,000 | 389,000 |
| Cash flow from operations | 32,023,000 | 31,959,000 | 40,299,000 | -6,097,000 | 4,555,000 | |||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 49,000 | -82,000 | 4,807,000 | 0 | 0 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 49,000 | -82,000 | 4,807,000 | 0 | 0 | |||||
| Financing Activities | ||||||||||||||
| Bank loans | 108,077,000 | -109,882,000 | 100,503,000 | 9,379,000 | -112,863,000 | 0 | 98,817,000 | 8,435,000 | 728,000 | -13,144,000 | 11,410,000 | -24,300,000 | 22,055,000 | 8,862,000 |
| Group/Directors Accounts | 540,000 | -129,000 | 110,000 | -784,000 | -481,000 | -521,000 | -516,000 | -1,221,000 | -2,456,000 | -2,524,000 | -12,009,000 | -42,000,000 | 11,031,000 | 51,500,000 |
| Other Short Term Loans | 0 | -641,000 | -6,000 | 10,000 | -775,000 | -1,010,000 | 1,471,000 | 606,000 | 345,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -105,802,000 | -13,619,000 | 112,643,000 | -531,000 | -115,900,000 | 82,597,000 | 22,343,000 | 4,492,000 | -18,027,000 | 31,804,000 | -52,663,000 | 52,663,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -52,695,000 | -4,082,000 | -4,371,000 | -4,941,000 | -5,027,000 | 6,658,000 | 64,458,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -10,220,000 | -5,925,000 | -7,094,000 | -7,729,000 | -5,037,000 | -4,220,000 | -8,837,000 | -14,230,000 | -4,197,000 | -3,887,000 | -3,731,000 | -4,009,000 | -5,060,000 | -4,505,000 |
| cash flow from financing | 93,402,000 | -116,539,000 | -12,482,000 | -11,549,000 | -6,518,000 | -6,282,000 | -24,965,000 | 23,492,000 | 12,681,000 | -19,434,000 | -27,298,000 | -23,532,000 | 6,940,000 | 180,634,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -689,000 | 8,031,000 | 1,386,000 | 574,000 | -7,487,000 | 9,644,000 | -1,786,000 | 3,254,000 | 2,114,000 | -267,000 | -4,641,000 | 1,379,000 | 1,107,000 | 4,199,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -689,000 | 8,031,000 | 1,386,000 | 574,000 | -7,487,000 | 9,644,000 | -1,786,000 | 3,254,000 | 2,114,000 | -267,000 | -4,641,000 | 1,379,000 | 1,107,000 | 4,199,000 |
vroon offshore uk limited Credit Report and Business Information
Vroon Offshore Uk Limited Competitor Analysis
Perform a competitor analysis for vroon offshore uk limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in AB11 area or any other competitors across 12 key performance metrics.
vroon offshore uk limited Ownership
VROON OFFSHORE UK LIMITED group structure
Vroon Offshore Uk Limited has 10 subsidiary companies.
Ultimate parent company
VROON GROUP BV
#0057312
VROON OFFSHORE BV
#0061709
2 parents
VROON OFFSHORE UK LIMITED
SC323539
10 subsidiaries
vroon offshore uk limited directors
Vroon Offshore Uk 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
75.8m
+14%
operating profit
14.7m
0%
gross margin
11.3%
-30.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-15.2m
-0.18%
total assets
113.5m
+0.09%
cash
16.8m
-0.04%
net assets
Total assets minus all liabilities
vroon offshore uk limited company details
company number
SC323539
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
May 2007
age
17
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2021
previous names
vroon offshore holdings uk ltd. (July 2007)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
4th floor, regent centre, regent road, aberdeen, AB11 5NS
Bank
DNB ASA
Legal Advisor
BURNESS PAULL LLP
vroon offshore 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 33 charges/mortgages relating to vroon offshore uk limited. Currently there are 14 open charges and 19 have been satisfied in the past.
vroon offshore uk 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 VROON OFFSHORE UK LIMITED. This can take several minutes, an email will notify you when this has completed.
vroon offshore uk limited Companies House Filings - See Documents
| date | description | view/download |
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