offshore construction resources limited
offshore construction resources limited Company Information
Company Number
SC418242
Next Accounts
Apr 2025
Shareholders
offshore grid ltd
Group Structure
View All
Industry
Temporary employment agency activities
Registered Address
union plaza (6th floor), 1 union wynd, aberdeen, AB10 1DQ
offshore construction resources limited Estimated Valuation
Pomanda estimates the enterprise value of OFFSHORE CONSTRUCTION RESOURCES LIMITED at £1.2m based on a Turnover of £7.5m and 0.16x industry multiple (adjusted for size and gross margin).
offshore construction resources limited Estimated Valuation
Pomanda estimates the enterprise value of OFFSHORE CONSTRUCTION RESOURCES LIMITED at £0 based on an EBITDA of £-768.9k and a 2.76x industry multiple (adjusted for size and gross margin).
offshore construction resources limited Estimated Valuation
Pomanda estimates the enterprise value of OFFSHORE CONSTRUCTION RESOURCES LIMITED at £0 based on Net Assets of £-1.4m and 1.3x industry multiple (adjusted for liquidity).
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Offshore Construction Resources Limited Overview
Offshore Construction Resources Limited is a dissolved company that was located in aberdeen, AB10 1DQ with a Companies House number of SC418242. It operated in the temporary employment agency activities sector, SIC Code 78200. Founded in February 2012, it's largest shareholder was offshore grid ltd with a 100% stake. The last turnover for Offshore Construction Resources Limited was estimated at £7.5m.
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Offshore Construction Resources Limited Health Check
Pomanda's financial health check has awarded Offshore Construction Resources Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £7.5m, make it smaller than the average company (£11.5m)
- Offshore Construction Resources Limited
£11.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 78%, show it is growing at a faster rate (5.9%)
- Offshore Construction Resources Limited
5.9% - Industry AVG
Production
with a gross margin of 11.3%, this company has a higher cost of product (17.5%)
- Offshore Construction Resources Limited
17.5% - Industry AVG
Profitability
an operating margin of -10.2% make it less profitable than the average company (2.4%)
- Offshore Construction Resources Limited
2.4% - Industry AVG
Employees
with 14 employees, this is below the industry average (55)
- Offshore Construction Resources Limited
55 - Industry AVG
Pay Structure
on an average salary of £41k, the company has an equivalent pay structure (£41k)
- Offshore Construction Resources Limited
£41k - Industry AVG
Efficiency
resulting in sales per employee of £538.7k, this is more efficient (£252.6k)
- Offshore Construction Resources Limited
£252.6k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (51 days)
- Offshore Construction Resources Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 89 days, this is slower than average (5 days)
- Offshore Construction Resources Limited
5 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Offshore Construction Resources Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Offshore Construction Resources Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 617.3%, this is a higher level of debt than the average (76.4%)
617.3% - Offshore Construction Resources Limited
76.4% - Industry AVG
OFFSHORE CONSTRUCTION RESOURCES LIMITED financials
Offshore Construction Resources Limited's latest turnover from December 2017 is estimated at £7.5 million and the company has net assets of -£1.4 million. According to their latest financial statements, we estimate that Offshore Construction Resources Limited has 14 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Feb 2013 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 6 | 6 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Feb 2013 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 30,198 | 37,156 | 920 | 1,446 | ||
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 30,198 | 37,156 | 920 | 1,446 | ||
| Stock & work in progress | 20,000 | |||||
| Trade Debtors | 235,047 | 209,294 | 1,902 | 165,797 | 53,825 | |
| Group Debtors | 95,430 | |||||
| Misc Debtors | 12,416 | 6,166 | ||||
| Cash | 5,205 | 121,552 | 35,544 | 11 | ||
| misc current assets | 1,780 | |||||
| total current assets | 236,827 | 246,915 | 225,050 | 201,341 | 53,836 | |
| total assets | 267,025 | 284,071 | 225,970 | 202,787 | 53,836 | |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 1,648,208 | 669,210 | 26,255 | 173,082 | 46,777 | |
| Group/Directors Accounts | 11,823 | |||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 215,332 | 188,806 | ||||
| total current liabilities | 1,648,208 | 896,365 | 215,061 | 173,082 | 46,777 | |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | 184 | 289 | ||||
| total long term liabilities | 184 | 289 | ||||
| total liabilities | 1,648,208 | 896,365 | 215,245 | 173,371 | 46,777 | |
| net assets | -1,381,183 | -612,294 | 10,725 | 29,416 | 7,059 | |
| total shareholders funds | -1,381,183 | -612,294 | 10,725 | 29,416 | 7,059 |
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Feb 2013 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 10,352 | 776 | 713 | |||
| Amortisation | ||||||
| Tax | ||||||
| Stock | -20,000 | 20,000 | ||||
| Debtors | 13,337 | 118,212 | -62,299 | 111,972 | 53,825 | |
| Creditors | 978,998 | 642,955 | -146,827 | 126,305 | 46,777 | |
| Accruals and Deferred Income | -215,332 | 26,526 | 188,806 | |||
| Deferred Taxes & Provisions | -184 | -105 | 289 | |||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | -11,823 | 11,823 | ||||
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -5,205 | -116,347 | 86,008 | 35,533 | 11 | |
| overdraft | ||||||
| change in cash | -5,205 | -116,347 | 86,008 | 35,533 | 11 |
offshore construction resources limited Credit Report and Business Information
Offshore Construction Resources Limited Competitor Analysis
Perform a competitor analysis for offshore construction resources limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other undefined companies, companies in AB10 area or any other competitors across 12 key performance metrics.
offshore construction resources limited Ownership
OFFSHORE CONSTRUCTION RESOURCES LIMITED group structure
Offshore Construction Resources Limited has no subsidiary companies.
Ultimate parent company
1 parent
OFFSHORE CONSTRUCTION RESOURCES LIMITED
SC418242
offshore construction resources limited directors
Offshore Construction Resources Limited currently has 2 directors. The longest serving directors include Mrs Sylvia Sinclair (Sep 2013) and Mr John Sinclair (Sep 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Sylvia Sinclair | Scotland | 59 years | Sep 2013 | - | Director |
| Mr John Sinclair | Scotland | 61 years | Sep 2015 | - | Director |
P&L
December 2017turnover
7.5m
+157%
operating profit
-768.9k
0%
gross margin
11.3%
+3.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2017net assets
-1.4m
+1.26%
total assets
267k
-0.06%
cash
0
-1%
net assets
Total assets minus all liabilities
offshore construction resources limited company details
company number
SC418242
Type
Private limited with Share Capital
industry
78200 - Temporary employment agency activities
incorporation date
February 2012
age
13
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2017
previous names
offshore grid solutions limited (March 2013)
accountant
-
auditor
-
address
union plaza (6th floor), 1 union wynd, aberdeen, AB10 1DQ
Bank
-
Legal Advisor
-
offshore construction resources 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 offshore construction resources limited.
offshore construction resources 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 OFFSHORE CONSTRUCTION RESOURCES LIMITED. This can take several minutes, an email will notify you when this has completed.
offshore construction resources limited Companies House Filings - See Documents
| date | description | view/download |
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