bw offshore (uk) limited
bw offshore (uk) limited Company Information
Company Number
SC382123
Next Accounts
Sep 2025
Shareholders
bw offshore holdings pte ltd.
Group Structure
View All
Industry
Repair and maintenance of ships and boats
Registered Address
horizons house first floor, 81-83 waterloo quay, aberdeen, AB11 5DE
Website
www.bwoffshore.combw offshore (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BW OFFSHORE (UK) LIMITED at £13.7m based on a Turnover of £21.7m and 0.63x industry multiple (adjusted for size and gross margin).
bw offshore (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BW OFFSHORE (UK) LIMITED at £6.8m based on an EBITDA of £1.1m and a 6.13x industry multiple (adjusted for size and gross margin).
bw offshore (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BW OFFSHORE (UK) LIMITED at £1.9m based on Net Assets of £793.7k and 2.34x industry multiple (adjusted for liquidity).
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Bw Offshore (uk) Limited Overview
Bw Offshore (uk) Limited is a live company located in aberdeen, AB11 5DE with a Companies House number of SC382123. It operates in the repair and maintenance of ships and boats sector, SIC Code 33150. Founded in July 2010, it's largest shareholder is bw offshore holdings pte ltd. with a 100% stake. Bw Offshore (uk) Limited is a established, large sized company, Pomanda has estimated its turnover at £21.7m with low growth in recent years.
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Bw Offshore (uk) Limited Health Check
Pomanda's financial health check has awarded Bw Offshore (Uk) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £21.7m, make it larger than the average company (£7.9m)
£21.7m - Bw Offshore (uk) Limited
£7.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (7.2%)
- Bw Offshore (uk) Limited
7.2% - Industry AVG
Production
with a gross margin of 28.2%, this company has a comparable cost of product (28.2%)
28.2% - Bw Offshore (uk) Limited
28.2% - Industry AVG
Profitability
an operating margin of 4.8% make it as profitable than the average company (4.8%)
4.8% - Bw Offshore (uk) Limited
4.8% - Industry AVG
Employees
with 158 employees, this is above the industry average (59)
158 - Bw Offshore (uk) Limited
59 - Industry AVG
Pay Structure
on an average salary of £109.6k, the company has a higher pay structure (£42.5k)
£109.6k - Bw Offshore (uk) Limited
£42.5k - Industry AVG
Efficiency
resulting in sales per employee of £137.5k, this is equally as efficient (£137k)
£137.5k - Bw Offshore (uk) Limited
£137k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (41 days)
5 days - Bw Offshore (uk) Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is close to average (28 days)
26 days - Bw Offshore (uk) Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bw Offshore (uk) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (21 weeks)
9 weeks - Bw Offshore (uk) Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.2%, this is a higher level of debt than the average (72.6%)
85.2% - Bw Offshore (uk) Limited
72.6% - Industry AVG
BW OFFSHORE (UK) LIMITED financials
Bw Offshore (Uk) Limited's latest turnover from December 2023 is £21.7 million and the company has net assets of £793.7 thousand. According to their latest financial statements, Bw Offshore (Uk) Limited has 158 employees and maintains cash reserves of £714.9 thousand 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 | Dec 2011 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 21,723,286 | 19,962,940 | 21,626,102 | 21,429,706 | 17,927,598 | 16,415,420 | 10,837,600 | 7,592,455 | 68,512,033 | 78,105,861 | 62,869,815 | 30,057,471 | ||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 1,034,589 | 934,219 | 980,027 | 980,496 | 1,112,414 | 778,030 | 639,200 | -1,483,746 | 7,243,943 | 8,010,714 | 6,690,405 | 1,190,030 | -93,659 | -47,681 |
| Interest Payable | 363,650 | 522,699 | 80,860 | 78,546 | 309,248 | 46,227 | 18,400 | 11,184 | 89,550 | 925,082 | 308,596 | 56,847 | ||
| Interest Receivable | 413,063 | 155,188 | 181,935 | 3,530 | 51,297 | 75,217 | 178,400 | 70,832 | 46,374 | 230,271 | 155,547 | 87,456 | 1,232 | |
| Pre-Tax Profit | 2,184,991 | 668,623 | 1,081,103 | 1,192,304 | 854,463 | 997,414 | 752,000 | -1,316,731 | 6,929,719 | 8,438,474 | 5,366,692 | 1,161,294 | -103,518 | -47,681 |
| Tax | -199,197 | -167,542 | -206,194 | -262,113 | -161,952 | -134,765 | -180,800 | 679,988 | -1,329,655 | -1,849,364 | -1,248,126 | -244,253 | ||
| Profit After Tax | 1,985,794 | 501,081 | 874,909 | 930,192 | 692,511 | 862,650 | 571,200 | -636,743 | 5,600,064 | 6,589,110 | 4,118,566 | 917,041 | -103,518 | -47,681 |
| Dividends Paid | ||||||||||||||
| Retained Profit | 1,985,794 | 501,081 | 874,909 | 930,192 | 692,511 | 862,650 | 571,200 | -636,743 | 5,600,064 | 6,589,110 | 4,118,566 | 917,041 | -103,518 | -47,681 |
| Employee Costs | 17,317,789 | 15,726,529 | 17,546,697 | 18,619,716 | 14,337,535 | 13,499,961 | 8,524,800 | 5,316,135 | 12,624,130 | 12,646,518 | 9,399,050 | 4,553,973 | ||
| Number Of Employees | 158 | 147 | 134 | 128 | 130 | 107 | 76 | 29 | 37 | 33 | 35 | 25 | ||
| EBITDA* | 1,107,937 | 1,000,618 | 1,049,567 | 1,058,159 | 1,176,169 | 811,721 | 639,200 | -1,483,746 | 7,243,943 | 8,010,714 | 6,690,405 | 1,190,030 | -93,659 | -47,681 |
* 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 | Dec 2011 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 271,773 | 324,274 | 1,793,483 | 2,246,051 | 2,103,913 | 499,882 | 28,800 | |||||||
| Intangible Assets | 978,999 | 1,175,108 | ||||||||||||
| Investments & Other | 12,353 | 12,353 | 12,937 | |||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 1,250,772 | 1,499,382 | 1,793,482 | 2,246,050 | 2,103,913 | 499,882 | 28,800 | |||||||
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 354,385 | 203,057 | 148,375 | 6,350,844 | 13,971,376 | 12,749,875 | 11,026,987 | |||||||
| Group Debtors | 2,764,823 | 1,487,801 | 2,115,306 | 2,864,707 | 6,450,974 | 5,407,035 | 4,784,800 | 16,896,063 | 17,721,276 | 5,276,245 | 4,124,187 | 10,368,565 | ||
| Misc Debtors | 265,596 | 366,738 | 2,009,379 | 811,931 | 499,780 | 487,346 | 368,800 | 353,414 | 658,831 | 574,078 | 404,797 | 402,923 | 14,788 | |
| Cash | 714,947 | 14,549,104 | 1,565,456 | 5,480,540 | 244,760 | 558,259 | 24,150 | |||||||
| misc current assets | 56,413 | 204,800 | 199,075 | 708,403 | 278,244 | 163,043 | 113,068 | |||||||
| total current assets | 4,099,753 | 16,606,702 | 5,690,143 | 9,157,179 | 7,195,515 | 5,950,795 | 5,358,400 | 17,596,928 | 25,439,354 | 20,099,944 | 17,441,904 | 21,911,544 | 573,048 | 24,150 |
| total assets | 5,350,525 | 18,106,084 | 7,483,625 | 11,403,229 | 9,299,428 | 6,450,677 | 5,387,200 | 17,596,928 | 25,439,354 | 20,099,944 | 17,441,904 | 21,911,544 | 573,048 | 24,150 |
| Bank overdraft | 12,167,233 | |||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 1,117,974 | 1,062,384 | 1,097,275 | 1,157,003 | 1,130,001 | 700,462 | 676,000 | 439,905 | 2,832,014 | 2,273,927 | 2,253,248 | 935,782 | 6,778 | 17,339 |
| Group/Directors Accounts | 1 | 1 | 1 | 600,176 | 228,003 | 148,800 | 15,658 | 1,456,784 | 1,137,763 | 8,571,964 | 19,478,386 | 234,765 | 1 | |
| other short term finances | ||||||||||||||
| hp & lease commitments | 233,168 | 211,550 | 236,112 | 254,169 | 172,944 | |||||||||
| other current liabilities | 2,408,121 | 582,920 | 19,336,135 | 486,276 | 164,883 | 191,177 | 1,420,004 | 2,574,557 | 1,245,002 | 244,252 | 54,492 | |||
| total current liabilities | 3,759,265 | 14,024,089 | 20,669,524 | 1,897,449 | 2,068,005 | 1,119,643 | 824,800 | 455,562 | 5,708,803 | 5,986,248 | 12,070,215 | 20,658,421 | 241,543 | 71,831 |
| loans | 1,595,120 | 1,916,306 | 2,678,094 | 3,475,420 | 3,107,136 | 666,027 | 649,236 | |||||||
| hp & lease commitments | 797,560 | 958,153 | 1,339,047 | 1,737,710 | 1,553,568 | |||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 797,560 | 958,153 | 1,339,047 | 1,737,710 | 1,553,568 | 666,027 | 649,236 | |||||||
| total liabilities | 4,556,825 | 14,982,242 | 22,008,571 | 3,635,159 | 3,621,573 | 1,119,643 | 824,800 | 455,562 | 6,374,830 | 6,635,484 | 12,070,215 | 20,658,421 | 241,543 | 71,831 |
| net assets | 793,700 | 3,123,842 | -14,524,946 | 7,768,070 | 5,677,855 | 5,331,035 | 4,562,400 | 17,141,366 | 19,064,524 | 13,464,460 | 5,371,689 | 1,253,123 | 331,505 | -47,681 |
| total shareholders funds | 793,700 | 3,123,842 | -14,524,945 | 7,768,070 | 5,677,854 | 5,331,035 | 4,562,400 | 17,141,366 | 19,064,524 | 13,464,460 | 5,371,689 | 1,253,123 | 331,505 | -47,681 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jul 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,034,589 | 934,219 | 980,027 | 980,496 | 1,112,414 | 778,030 | 639,200 | -1,483,746 | 7,243,943 | 8,010,714 | 6,690,405 | 1,190,030 | -93,659 | -47,681 |
| Depreciation | 73,348 | 66,399 | 69,540 | 77,663 | 63,755 | 33,691 | ||||||||
| Amortisation | ||||||||||||||
| Tax | -199,197 | -167,542 | -206,194 | -262,113 | -161,952 | -134,765 | -180,800 | 679,988 | -1,329,655 | -1,849,364 | -1,248,126 | -244,253 | ||
| Stock | ||||||||||||||
| Debtors | 1,327,208 | -2,067,089 | 448,047 | -3,274,115 | 1,056,372 | 740,782 | -12,244,252 | -7,333,098 | 4,909,251 | 2,542,839 | -4,519,615 | 21,783,687 | 14,788 | |
| Creditors | 55,590 | -34,891 | -59,728 | 27,001 | 429,539 | 24,462 | 236,095 | -2,392,110 | 558,087 | 20,678 | 1,317,466 | 929,004 | 6,778 | 17,339 |
| Accruals and Deferred Income | 1,825,201 | -18,753,215 | 18,849,859 | 321,393 | -26,294 | 191,177 | -1,420,004 | -1,154,553 | 1,329,555 | 1,000,750 | 244,252 | 54,492 | ||
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | 1,462,323 | -15,887,941 | 19,185,457 | 4,418,555 | 361,090 | 151,813 | 12,938,747 | 2,717,226 | 408,571 | 4,968,744 | 12,280,110 | -19,664,654 | 24,150 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -584 | 12,937 | ||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -600,175 | 372,173 | 79,203 | 133,142 | -1,441,127 | 319,021 | -7,434,201 | -10,906,422 | 19,243,621 | 234,765 | 1 | |||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -321,186 | -761,788 | -797,326 | 368,284 | 3,107,136 | -666,027 | 16,791 | 649,236 | ||||||
| Hire Purchase and Lease Commitments | -138,975 | -405,456 | -416,720 | 265,367 | 1,726,512 | |||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | 49,413 | -367,511 | 101,075 | -75,016 | -257,951 | 28,990 | 160,000 | 59,648 | -43,176 | -694,811 | -153,049 | 30,609 | 1,232 | |
| cash flow from financing | -4,726,684 | 15,612,951 | -24,280,895 | 1,118,484 | 4,602,178 | 14,178 | -12,857,024 | -3,333,921 | 292,636 | -5,976,115 | -11,059,471 | 19,278,807 | 671,020 | 1 |
| cash and cash equivalents | ||||||||||||||
| cash | -13,834,157 | 12,983,648 | -3,915,084 | 5,235,780 | 244,760 | -558,259 | 558,259 | 24,150 | ||||||
| overdraft | -12,167,233 | 12,167,233 | ||||||||||||
| change in cash | -1,666,924 | 816,415 | -3,915,084 | 5,235,780 | 244,760 | -558,259 | 558,259 | 24,150 |
bw offshore (uk) limited Credit Report and Business Information
Bw Offshore (uk) Limited Competitor Analysis
Perform a competitor analysis for bw offshore (uk) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in AB11 area or any other competitors across 12 key performance metrics.
bw offshore (uk) limited Ownership
BW OFFSHORE (UK) LIMITED group structure
Bw Offshore (Uk) Limited has no subsidiary companies.
Ultimate parent company
BW OFFSHORE LTD
#0080623
BW OFFSHORE CYPRUS LTD
#0080622
2 parents
BW OFFSHORE (UK) LIMITED
SC382123
bw offshore (uk) limited directors
Bw Offshore (Uk) Limited currently has 2 directors. The longest serving directors include Asgeir Skjeloy (Sep 2022) and Mr Michael McAreavey (Oct 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Asgeir Skjeloy | United Kingdom | 50 years | Sep 2022 | - | Director |
| Mr Michael McAreavey | Scotland | 55 years | Oct 2024 | - | Director |
P&L
December 2023turnover
21.7m
+9%
operating profit
1m
+11%
gross margin
28.2%
-5.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
793.7k
-0.75%
total assets
5.4m
-0.7%
cash
714.9k
-0.95%
net assets
Total assets minus all liabilities
bw offshore (uk) limited company details
company number
SC382123
Type
Private limited with Share Capital
industry
33150 - Repair and maintenance of ships and boats
incorporation date
July 2010
age
15
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
KPMG LLP
address
horizons house first floor, 81-83 waterloo quay, aberdeen, AB11 5DE
Bank
-
Legal Advisor
-
bw 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 2 charges/mortgages relating to bw offshore (uk) limited. Currently there are 2 open charges and 0 have been satisfied in the past.
bw 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 BW OFFSHORE (UK) LIMITED. This can take several minutes, an email will notify you when this has completed.
bw offshore (uk) limited Companies House Filings - See Documents
| date | description | view/download |
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