Azimuth Oilfield Systems Ltd.

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azimuth oilfield systems ltd. Company Information

Live

EstablishedSmallRapid

Company Number

SC353942

Next Accounts

Oct 2025

Industry

Support activities for petroleum and natural gas extraction

Directors

Victor Allan

Anthony Moorley

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Shareholders

victor allan

michael fowler

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Group Structure

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Contact

Registered Address

100 union street, aberdeen, aberdeenshire, AB10 1QR

Website

www.azimuthmwd.com

azimuth oilfield systems ltd. Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of AZIMUTH OILFIELD SYSTEMS LTD. at £5.1m based on Net Assets of £3.5m and 1.45x industry multiple (adjusted for liquidity).

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Azimuth Oilfield Systems Ltd. is a live company located in aberdeenshire, AB10 1QR with a Companies House number of SC353942. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in January 2009, it's largest shareholder is victor allan with a 46.6% stake. Azimuth Oilfield Systems Ltd. is a established, small sized company, Pomanda has estimated its turnover at £4.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Azimuth Oilfield Systems 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 £4.2m, make it smaller than the average company (£19m)

Growth

3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (5.3%)

EXPORT

Azimuth Oilfield Systems Ltd.'s latest turnover from January 2024 is estimated at £4.2 million and the company has net assets of £3.5 million. According to their latest financial statements, Azimuth Oilfield Systems Ltd. has 16 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	4,248,003	2,705,946	2,713,423	1,808,064	1,768,259	2,897,129	2,587,202	1,268,582	3,264,466	2,444,445	3,159,204	786,655	472,700	208,153	85,605
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,008,296	2,090,528	2,191,030	1,536,854	1,371,246	2,352,541	1,972,529	976,935	2,461,569	1,794,308	2,241,191	576,677	345,821	143,530	63,883
Gross Profit	1,239,707	615,418	522,393	271,210	397,013	544,589	614,673	291,647	802,897	650,137	918,013	209,978	126,879	64,623	21,723
Admin Expenses	1,874,859	-825,341	197,360	271,815	-396,772	102,338	44,003	275,726	390,861	322,382	348,946	137,214	110,200	126,531	57,223
Operating Profit	-635,152	1,440,759	325,033	-605	793,785	442,251	570,670	15,921	412,036	327,755	569,067	72,764	16,679	-61,908	-35,500
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	156,042	88,034	4,487	1,985	14,389	10,604	4,634	1,139	2,471	2,173	856	284	142	280	155
Pre-Tax Profit	-479,110	1,528,793	329,520	1,380	808,174	452,856	575,304	17,060	414,508	329,928	569,923	73,047	16,822	-61,628	-35,345
Tax	0	-290,471	-62,609	-262	-153,553	-86,043	-109,308	-3,412	-82,901	-69,285	-131,082	-17,531	-4,374	0	0
Profit After Tax	-479,110	1,238,322	266,911	1,118	654,621	366,813	465,996	13,648	331,606	260,643	438,841	55,516	12,448	-61,628	-35,345
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-479,110	1,238,322	266,911	1,118	654,621	366,813	465,996	13,648	331,606	260,643	438,841	55,516	12,448	-61,628	-35,345
Employee Costs	1,151,115	819,281	731,167	591,375	602,787	606,827	445,607	455,803	891,328	600,472	794,380	191,016	119,244	57,633	55,225
Number Of Employees	16	12	10	9	9	9	7	7	13	9	12	3	2	1	1
EBITDA*	-378,579	1,634,129	418,104	26,090	931,667	555,395	664,648	29,705	453,013	353,282	586,568	81,103	21,642	-60,596	-35,373

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	389,320	310,699	310,645	65,490	46,201	10,479	17,673	25,571	7,228	9,775	8,935	2,034	2,948	4,411	3,559
Intangible Assets	533,797	477,982	398,348	306,926	167,966	210,832	211,689	317,870	205,955	158,382	124,096	85,143	125,784	102,948	16,850
Investments & Other	0	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	0
Total Fixed Assets	923,117	788,681	708,993	372,416	214,167	221,311	229,362	343,441	213,183	168,157	133,031	87,177	128,732	107,359	20,409
Stock & work in progress	1,646,466	1,199,183	929,176	724,189	808,787	692,236	398,361	366,659	391,669	304,496	114,791	94,842	94,678	59,426	0
Trade Debtors	559,227	247,384	206,429	85,964	49,209	437,785	617,613	153,507	581,956	198,768	551,928	101,488	52,713	25,360	15,222
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	54,666	35,492	88,801	109,367	22,540	31,196	44,423	62,680	14,901	0	0	0	0	0	0
Cash	2,841,109	3,103,356	1,927,146	1,662,207	2,307,519	1,529,633	1,298,183	555,379	355,626	632,935	236,164	106,283	7,207	49,757	62,094
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,101,468	4,585,415	3,151,552	2,581,727	3,188,055	2,690,850	2,358,580	1,138,225	1,344,152	1,136,199	902,883	302,613	154,598	134,543	77,316
total assets	6,024,585	5,374,096	3,860,545	2,954,143	3,402,222	2,912,161	2,587,942	1,481,666	1,557,335	1,304,356	1,035,914	389,790	283,330	241,902	97,725
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	399,180	130,556	210,418	28,060	25,100	106,065	57,309	9,375	16,001	311,921	304,295	98,799	47,855	18,875	5,070
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	1,909,197	1,080,660	449,227	34,872	517,772	600,402	690,632	131,446	217,806	0	0	0	0	0	0
total current liabilities	2,308,377	1,211,216	659,645	62,932	542,872	706,467	747,941	140,821	233,807	311,921	304,295	98,799	47,855	18,875	5,070
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	72,000	72,000	72,000	72,000	28,800
provisions	169,808	137,370	109,712	66,934	36,191	37,156	38,276	5,116	1,447	1,960	1,787	0	0	0	0
total long term liabilities	169,808	137,370	109,712	66,934	36,191	37,156	38,276	5,116	1,447	1,960	73,787	72,000	72,000	72,000	28,800
total liabilities	2,478,185	1,348,586	769,357	129,866	579,063	743,623	786,217	145,937	235,254	313,881	378,082	170,799	119,855	90,875	33,870
net assets	3,546,400	4,025,510	3,091,188	2,824,277	2,823,159	2,168,538	1,801,725	1,335,729	1,322,081	990,475	657,832	218,991	163,475	151,027	63,855
total shareholders funds	3,546,400	4,025,510	3,091,188	2,824,277	2,823,159	2,168,538	1,801,725	1,335,729	1,322,081	990,475	657,832	218,991	163,475	151,027	63,855

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	-635,152	1,440,759	325,033	-605	793,785	442,251	570,670	15,921	412,036	327,755	569,067	72,764	16,679	-61,908	-35,500
Depreciation	65,223	55,620	29,071	17,345	8,382	7,194	8,778	6,484	3,777	3,327	2,801	1,589	1,463	1,312	127
Amortisation	191,350	137,750	64,000	9,350	129,500	105,950	85,200	7,300	37,200	22,200	14,700	6,750	3,500	0	0
Tax	0	-290,471	-62,609	-262	-153,553	-86,043	-109,308	-3,412	-82,901	-69,285	-131,082	-17,531	-4,374	0	0
Stock	447,283	270,007	204,987	-84,598	116,551	293,875	31,702	-25,010	87,173	189,705	19,949	164	35,252	59,426	0
Debtors	331,017	-12,354	99,899	123,582	-397,232	-193,055	445,849	-380,670	398,089	-353,160	450,440	48,775	27,353	10,138	15,222
Creditors	268,624	-79,862	182,358	2,960	-80,965	48,756	47,934	-6,626	-295,920	7,626	205,496	50,944	28,980	13,805	5,070
Accruals and Deferred Income	828,537	631,433	414,355	-482,900	-82,630	-90,230	559,186	-86,360	217,806	0	0	0	0	0	0
Deferred Taxes & Provisions	32,438	27,658	42,778	30,743	-965	-1,120	33,160	3,669	-513	173	1,787	0	0	0	0
Cash flow from operations	-27,280	1,665,234	690,100	-462,353	894,235	325,938	718,069	342,656	-193,777	455,251	192,380	65,577	-16,357	-116,355	-45,525
Investing Activities
capital expenditure	-391,009	-273,058	-429,648	-184,944	-130,738	-105,093	20,101	-144,042	-86,003	-60,653	-63,355	33,216	-26,336	-88,262	-20,536
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-391,009	-273,058	-429,648	-184,944	-130,738	-105,093	20,101	-144,042	-86,003	-60,653	-63,355	33,216	-26,336	-88,262	-20,536
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	-72,000	0	0	0	43,200	28,800
share issue	0	-304,000	0	0	0	0	0	0	0	72,000	0	0	0	148,800	99,200
interest	156,042	88,034	4,487	1,985	14,389	10,604	4,634	1,139	2,471	2,173	856	284	142	280	155
cash flow from financing	156,042	-215,966	4,487	1,985	14,389	10,604	4,634	1,139	2,471	2,173	856	284	142	192,280	128,155
cash and cash equivalents
cash	-262,247	1,176,210	264,939	-645,312	777,886	231,450	742,804	199,753	-277,309	396,771	129,881	99,076	-42,550	-12,337	62,094
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-262,247	1,176,210	264,939	-645,312	777,886	231,450	742,804	199,753	-277,309	396,771	129,881	99,076	-42,550	-12,337	62,094

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AZIMUTH OILFIELD SYSTEMS LTD. group structure

Azimuth Oilfield Systems Ltd. has no subsidiary companies.

Ultimate parent company

AZIMUTH OILFIELD SYSTEMS LTD.

SC353942

AZIMUTH OILFIELD SYSTEMS LTD. Shareholders

victor allan	46.62%
michael fowler	46.62%
anthony moorley	6.77%

Azimuth Oilfield Systems Ltd. currently has 3 directors. The longest serving directors include Mr Victor Allan (Aug 2009) and Mr Anthony Moorley (Aug 2009).

officer	age	start	end	role
Mr Victor Allan	59 years	Aug 2009	-	Director
Mr Anthony Moorley	76 years	Aug 2009	-	Director
Mr Michael Fowler	61 years	Jan 2010	-	Director

P&L

January 2024

turnover

4.2m

+57%

operating profit

-635.2k

gross margin

29.2%

+28.32%

turnover

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

Balance Sheet

January 2024

net assets

3.5m

-0.12%

total assets

+0.12%

cash

2.8m

-0.08%

net assets

Total assets minus all liabilities

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company number

SC353942

Type

Private limited with Share Capital

industry

09100 - Support activities for petroleum and natural gas extraction

incorporation date

January 2009

ultimate parent company

None

previous names

place d'or 693 limited (May 2009)

address

100 union street, aberdeen, aberdeenshire, AB10 1QR

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.

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azimuth oilfield systems ltd. Company Information

azimuth oilfield systems ltd. Estimated Valuation

azimuth oilfield systems ltd. Estimated Valuation

azimuth oilfield systems ltd. Estimated Valuation

Azimuth Oilfield Systems Ltd. Overview

Azimuth Oilfield Systems Ltd. Health Check

AZIMUTH OILFIELD SYSTEMS LTD. financials

azimuth oilfield systems ltd. Credit Report and Business Information

Azimuth Oilfield Systems Ltd. Competitor Analysis

azimuth oilfield systems ltd. Ownership

azimuth oilfield systems ltd. directors

azimuth oilfield systems ltd. company details

azimuth oilfield systems ltd. Charges & Mortgages

azimuth oilfield systems ltd. Companies House Filings - See Documents