Offshore Water Management Ltd

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offshore water management ltd Company Information

Company Number

SC346192

Next Accounts

Jun 2025

Directors

Neill Crone

Mariska Van Schaik

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Shareholders

owm holdco limited

owm investments ltd

Group Structure

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Industry

Other business support service activities n.e.c.

Registered Address

ground floor 3 prospect place, arnhall business park, westhill, aberdeenshire, AB32 6SY

Website

www.offshorewatermanagement.com

offshore water management ltd Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of OFFSHORE WATER MANAGEMENT LTD at £1.5m based on a Turnover of £2.6m and 0.59x industry multiple (adjusted for size and gross margin).

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Offshore Water Management Ltd is a live company located in westhill, AB32 6SY with a Companies House number of SC346192. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2008, it's largest shareholder is owm holdco limited with a 60% stake. Offshore Water Management Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.6m with high growth in recent years.

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Pomanda's financial health check has awarded Offshore Water Management Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£3.9m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (5.3%)

EXPORT

Offshore Water Management Ltd's latest turnover from September 2023 is estimated at £2.6 million and the company has net assets of £620 thousand. According to their latest financial statements, Offshore Water Management Ltd has 14 employees and maintains cash reserves of £290.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	2,564,989	2,402,981	2,150,195	1,370,770	1,605,558	1,347,314	1,134,111	1,508,751	2,237,948	4,463,593	2,022,780	1,140,929	551,676	271,551	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,595,564	1,490,916	1,357,478	857,328	1,008,128	844,764	700,866	936,503	1,418,091	2,869,853	1,304,186	715,872	338,249	162,625	0
Gross Profit	969,425	912,066	792,716	513,443	597,430	502,550	433,245	572,248	819,857	1,593,739	718,595	425,057	213,427	108,926	0
Admin Expenses	864,344	519,658	555,060	553,968	562,568	1,960,069	215,229	542,496	444,224	820,961	618,699	165,121	160,237	88,520	-40,102
Operating Profit	105,081	392,408	237,656	-40,525	34,862	-1,457,519	218,016	29,752	375,633	772,778	99,896	259,936	53,190	20,406	40,102
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	16,025	5,360	191	205	1,003	3,331	1,805	2,144	4,684	2,391	1,155	986	337	215	106
Pre-Tax Profit	121,105	397,768	237,847	-40,320	35,864	-1,454,188	219,821	31,896	380,318	775,170	101,051	260,922	53,527	20,621	40,208
Tax	-30,276	-75,576	-45,191	0	-6,814	0	-41,766	-6,379	-76,063	-162,786	-23,242	-62,621	-13,917	-5,774	-11,258
Profit After Tax	90,829	322,192	192,656	-40,320	29,050	-1,454,188	178,055	25,517	304,254	612,384	77,809	198,301	39,610	14,847	28,950
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	90,829	322,192	192,656	-40,320	29,050	-1,454,188	178,055	25,517	304,254	612,384	77,809	198,301	39,610	14,847	28,950
Employee Costs	679,604	687,702	603,047	461,054	414,812	353,467	302,897	456,200	640,560	1,241,437	554,831	330,825	181,208	106,167	0
Number Of Employees	14	15	14	11	10	9	8	12	17	33	15	9	5	3	0
EBITDA*	117,375	405,979	249,209	-33,011	39,645	-1,454,688	221,629	38,326	382,760	780,208	107,643	261,128	54,010	21,359	40,337

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	44,477	55,167	39,501	44,039	18,900	10,384	12,265	29,108	37,682	22,289	23,239	3,577	2,461	2,860	704
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	2	7	6	6	6	5	5	250,049	250,049	49	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	44,479	55,174	39,507	44,045	18,906	10,389	12,270	279,157	287,731	22,338	23,239	3,577	2,461	2,860	704
Stock & work in progress	28,777	13,410	0	0	0	0	0	0	0	115,936	176,941	13,753	6,197	17,131	0
Trade Debtors	483,802	479,085	413,835	187,254	308,210	250,009	235,000	258,428	254,870	626,627	263,991	150,869	75,289	33,884	11,439
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	129,087	104,929	72,515	57,028	22,027	4,485	680,220	402,750	0	0	0	0	0	0	0
Cash	290,108	320,356	156,045	225,514	183,666	83,676	804,517	639,497	1,075,929	797,692	158,898	303,120	91,301	43,604	42,431
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	931,774	917,780	642,395	469,796	513,903	338,170	1,719,737	1,300,675	1,330,799	1,540,255	599,830	467,742	172,787	94,619	53,870
total assets	976,253	972,954	681,902	513,841	532,809	348,559	1,732,007	1,579,832	1,618,530	1,562,593	623,069	471,319	175,248	97,479	54,574
Bank overdraft	0	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	0
Trade Creditors	175,569	170,044	95,803	119,500	72,801	74,032	20,988	70,855	342,275	590,592	263,452	189,511	91,741	53,582	25,524
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	180,638	273,693	379,074	379,972	405,319	248,888	231,192	207,205	0	0	0	0	0	0	0
total current liabilities	356,207	443,737	474,877	499,472	478,120	322,920	252,180	278,060	342,275	590,592	263,452	189,511	91,741	53,582	25,524
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	356,207	443,737	474,877	499,472	478,120	322,920	252,180	278,060	342,275	590,592	263,452	189,511	91,741	53,582	25,524
net assets	620,046	529,217	207,025	14,369	54,689	25,639	1,479,827	1,301,772	1,276,255	972,001	359,617	281,808	83,507	43,897	29,050
total shareholders funds	620,046	529,217	207,025	14,369	54,689	25,639	1,479,827	1,301,772	1,276,255	972,001	359,617	281,808	83,507	43,897	29,050

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	105,081	392,408	237,656	-40,525	34,862	-1,457,519	218,016	29,752	375,633	772,778	99,896	259,936	53,190	20,406	40,102
Depreciation	12,294	13,571	11,553	7,514	4,783	2,831	3,613	8,574	7,127	7,430	7,747	1,192	820	953	235
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-30,276	-75,576	-45,191	0	-6,814	0	-41,766	-6,379	-76,063	-162,786	-23,242	-62,621	-13,917	-5,774	-11,258
Stock	15,367	13,410	0	0	0	0	0	0	-115,936	-61,005	163,188	7,556	-10,934	17,131	0
Debtors	28,875	97,664	242,068	-85,955	75,743	-660,726	254,042	406,308	-371,757	362,636	113,122	75,580	41,405	22,445	11,439
Creditors	5,525	74,241	-23,697	46,699	-1,231	53,044	-49,867	-271,420	-248,317	327,140	73,941	97,770	38,159	28,058	25,524
Accruals and Deferred Income	-93,055	-105,381	-898	-25,347	156,431	17,696	23,987	207,205	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-44,673	188,189	-62,645	74,296	112,288	-723,222	-100,059	-438,576	546,073	642,931	-117,968	213,141	47,781	4,067	43,164
Investing Activities
capital expenditure	-1,604	-29,237	-7,015	-32,653	-13,299	-950	13,230	0	-22,520	-6,480	-27,409	-2,308	-421	-3,109	-939
Change in Investments	-5	1	0	0	1	0	-250,044	0	250,000	49	0	0	0	0	0
cash flow from investments	-1,599	-29,238	-7,015	-32,653	-13,300	-950	263,274	0	-272,520	-6,529	-27,409	-2,308	-421	-3,109	-939
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	16,025	5,360	191	205	1,003	3,331	1,805	2,144	4,684	2,391	1,155	986	337	215	106
cash flow from financing	16,025	5,360	191	205	1,003	3,331	1,805	2,144	4,684	2,391	1,155	986	337	215	206
cash and cash equivalents
cash	-30,248	164,311	-69,469	41,848	99,990	-720,841	165,020	-436,432	278,237	638,794	-144,222	211,819	47,697	1,173	42,431
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-30,248	164,311	-69,469	41,848	99,990	-720,841	165,020	-436,432	278,237	638,794	-144,222	211,819	47,697	1,173	42,431

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OFFSHORE WATER MANAGEMENT LTD group structure

Offshore Water Management Ltd has 2 subsidiary companies.

Ultimate parent company

NORMEC 1 B V

#0152891

OWM HOLDCO LIMITED

15483920

2 parents

OFFSHORE WATER MANAGEMENT LTD

SC346192

2 subsidiaries

OWM TRADING LTD

SC610907

OWM RENTALS LTD

SC709560

OFFSHORE WATER MANAGEMENT LTD Shareholders

owm holdco limited	60%
owm investments ltd	40%

Offshore Water Management Ltd currently has 5 directors. The longest serving directors include Mr Neill Crone (Oct 2022) and Mariska Van Schaik (Feb 2024).

officer	country	age	start	end	role
Mr Neill Crone	Scotland	39 years	Oct 2022	-	Director
Mariska Van Schaik	England	39 years	Feb 2024	-	Director
Mr Robert Wolff	England	50 years	Feb 2024	-	Director
Joep Bruins	England	52 years	Feb 2024	-	Director
Ms Britt Schuurs	England	36 years	Feb 2024	-	Director

P&L

September 2023

turnover

2.6m

+7%

operating profit

105.1k

gross margin

37.8%

-0.42%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

September 2023

net assets

620k

+0.17%

total assets

976.3k

cash

290.1k

-0.09%

net assets

Total assets minus all liabilities

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company number

SC346192

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

July 2008

ultimate parent company

NORMEC 1 B V

previous names

N/A

address

ground floor 3 prospect place, arnhall business park, westhill, aberdeenshire, AB32 6SY

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 1 charges/mortgages relating to offshore water management ltd. Currently there are 0 open charges and 1 have been satisfied in the past.

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offshore water management ltd Company Information

offshore water management ltd Estimated Valuation

offshore water management ltd Estimated Valuation

offshore water management ltd Estimated Valuation

Offshore Water Management Ltd Overview

Offshore Water Management Ltd Health Check

OFFSHORE WATER MANAGEMENT LTD financials

offshore water management ltd Credit Report and Business Information

Offshore Water Management Ltd Competitor Analysis

offshore water management ltd Ownership

offshore water management ltd directors

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offshore water management ltd Companies House Filings - See Documents