bw offshore catcher (uk) limited
bw offshore catcher (uk) limited Company Information
Company Number
SC461565
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, 1st floor, horizons house, aberdeen, AB11 5DE
Website
www.bwoffshore.combw offshore catcher (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BW OFFSHORE CATCHER (UK) LIMITED at £202.8m based on a Turnover of £220.8m and 0.92x industry multiple (adjusted for size and gross margin).
bw offshore catcher (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BW OFFSHORE CATCHER (UK) LIMITED at £31m based on an EBITDA of £3.5m and a 8.95x industry multiple (adjusted for size and gross margin).
bw offshore catcher (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of BW OFFSHORE CATCHER (UK) LIMITED at £32.9m based on Net Assets of £14.1m and 2.34x industry multiple (adjusted for liquidity).
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Bw Offshore Catcher (uk) Limited Overview
Bw Offshore Catcher (uk) Limited is a live company located in aberdeen, AB11 5DE with a Companies House number of SC461565. It operates in the repair and maintenance of ships and boats sector, SIC Code 33150. Founded in October 2013, it's largest shareholder is bw offshore holdings pte ltd. with a 100% stake. Bw Offshore Catcher (uk) Limited is a established, mega sized company, Pomanda has estimated its turnover at £220.8m with low growth in recent years.
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Bw Offshore Catcher (uk) Limited Health Check
Pomanda's financial health check has awarded Bw Offshore Catcher (Uk) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
3 Weak
Size
annual sales of £220.8m, make it larger than the average company (£7.9m)
£220.8m - Bw Offshore Catcher (uk) Limited
£7.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7.2%)
1% - Bw Offshore Catcher (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 Catcher (uk) Limited
28.2% - Industry AVG
Profitability
an operating margin of 1.6% make it less profitable than the average company (4.8%)
1.6% - Bw Offshore Catcher (uk) Limited
4.8% - Industry AVG
Employees
with 1612 employees, this is above the industry average (59)
- Bw Offshore Catcher (uk) Limited
59 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Bw Offshore Catcher (uk) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £137k, this is equally as efficient (£137k)
- Bw Offshore Catcher (uk) Limited
£137k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (41 days)
4 days - Bw Offshore Catcher (uk) Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (28 days)
6 days - Bw Offshore Catcher (uk) Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Bw Offshore Catcher (uk) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is average cash available to meet short term requirements (21 weeks)
21 weeks - Bw Offshore Catcher (uk) Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.8%, this is a similar level of debt than the average (72.6%)
75.8% - Bw Offshore Catcher (uk) Limited
72.6% - Industry AVG
BW OFFSHORE CATCHER (UK) LIMITED financials
Bw Offshore Catcher (Uk) Limited's latest turnover from December 2023 is £220.8 million and the company has net assets of £14.1 million. According to their latest financial statements, we estimate that Bw Offshore Catcher (Uk) Limited has 1,612 employees and maintains cash reserves of £17.9 million 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 220,846,686 | 210,986,491 | 207,817,011 | 211,596,393 | 187,946,882 | 159,058,215 | 3,539,774 | |||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | 3,466,855 | 2,558,907 | 2,836,412 | 2,640,344 | 2,046,675 | 1,830,291 | 20,539 | -15,819 | ||
| Interest Payable | 785 | 10,210 | 5,432 | 716 | ||||||
| Interest Receivable | 1,115,300 | 407,634 | 58,978 | 61,743 | 372,968 | 5,529 | 753 | |||
| Pre-Tax Profit | 4,483,192 | 2,985,391 | 2,889,958 | 2,938,500 | 2,234,233 | 1,999,530 | 5,530 | -14,313 | ||
| Tax | -1,083,883 | -589,852 | -549,433 | -549,192 | -424,511 | -383,139 | -790 | |||
| Profit After Tax | 3,399,309 | 2,395,539 | 2,340,525 | 2,389,309 | 1,809,722 | 1,616,391 | 4,740 | -14,313 | ||
| Dividends Paid | ||||||||||
| Retained Profit | 3,399,309 | 2,395,539 | 2,340,525 | 2,389,309 | 1,809,722 | 1,616,391 | 4,740 | -14,313 | ||
| Employee Costs | 13,113,456 | 13,534,000 | 10,806,786 | 10,636,998 | ||||||
| Number Of Employees | ||||||||||
| EBITDA* | 3,466,855 | 2,558,907 | 2,836,412 | 2,640,344 | 2,046,675 | 1,830,291 | 20,539 | -15,819 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 561,577 | 35,377,003 | 58,730,405 | 74,681,128 | 43,712,506 | 23,727,180 | ||||
| Intangible Assets | ||||||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | 561,577 | 35,377,002 | 58,730,405 | 74,681,127 | 43,712,506 | |||||
| Total Fixed Assets | 561,577 | 35,377,002 | 58,730,405 | 74,681,127 | 43,712,506 | 23,727,180 | ||||
| Stock & work in progress | ||||||||||
| Trade Debtors | 2,652,372 | 2,680,647 | 8,171,659 | 9,701,844 | 456,726 | 1,878,869 | 72,366,696 | |||
| Group Debtors | 710,021 | 443,124 | 85,314 | 12,052 | ||||||
| Misc Debtors | 36,099,591 | 28,327,049 | 15,036,473 | 4,867,982 | 5,908,082 | 2,235,367 | 30,808 | 753 | ||
| Cash | 17,934,338 | 22,516,493 | 16,226,912 | 14,413,843 | 10,597,036 | 24,165,164 | 239,355 | 22,598 | ||
| misc current assets | 61,898 | |||||||||
| total current assets | 57,396,324 | 53,524,191 | 39,435,046 | 28,983,670 | 17,404,968 | 28,341,299 | 72,722,174 | 35,405 | ||
| total assets | 57,957,901 | 88,901,193 | 98,165,451 | 103,664,797 | 61,117,474 | 52,068,479 | 72,722,174 | 35,405 | ||
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 2,909,991 | 6,057,964 | 5,623,157 | 13,254,529 | 10,531,176 | 2,342,709 | 13,429 | 3,766 | ||
| Group/Directors Accounts | 1 | 3,179,898 | 1 | |||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 40,429,625 | 36,808,826 | 25,648,765 | 9,633,601 | 428,090 | 24,404,920 | 72,290,857 | |||
| total current liabilities | 43,339,617 | 42,866,792 | 31,271,923 | 22,888,131 | 14,139,165 | 26,747,630 | 72,304,289 | 3,766 | ||
| loans | 47,454,360 | |||||||||
| hp & lease commitments | 23,727,180 | |||||||||
| Accruals and Deferred Income | 561,577 | 35,377,002 | 58,730,405 | 74,681,127 | 43,712,506 | |||||
| other liabilities | 440,793 | 57,250 | ||||||||
| provisions | ||||||||||
| total long term liabilities | 561,577 | 35,377,002 | 58,730,405 | 74,681,127 | 43,712,506 | 23,727,180 | 440,793 | 57,250 | ||
| total liabilities | 43,901,194 | 78,243,794 | 90,002,328 | 97,569,258 | 57,851,671 | 50,474,810 | 72,745,082 | 61,016 | ||
| net assets | 14,056,708 | 10,657,399 | 8,163,123 | 6,095,540 | 3,265,803 | 1,593,669 | -22,908 | -25,612 | ||
| total shareholders funds | 14,056,708 | 10,657,399 | 8,163,123 | 6,095,540 | 3,265,803 | 1,593,669 | -22,909 | -25,612 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 3,466,855 | 2,558,907 | 2,836,412 | 2,640,344 | 2,046,675 | 1,830,291 | 20,539 | -15,819 | ||
| Depreciation | ||||||||||
| Amortisation | ||||||||||
| Tax | -1,083,883 | -589,852 | -549,433 | -549,192 | -424,511 | -383,139 | -790 | |||
| Stock | ||||||||||
| Debtors | -26,361,137 | -15,553,838 | -7,312,416 | 38,730,516 | 46,406,201 | -68,368,582 | 72,470,012 | 12,806 | ||
| Creditors | -3,147,974 | 434,807 | -7,631,372 | 2,723,353 | 8,188,467 | 2,329,280 | 9,663 | 3,766 | ||
| Accruals and Deferred Income | -31,194,626 | -12,193,342 | 64,442 | 40,174,132 | 19,735,676 | -47,885,937 | 72,290,857 | |||
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | -5,598,491 | 5,764,358 | 6,258,121 | -16,859,894 | 24,259,077 | -149,743 | -24,859 | |||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | -1 | 1 | -3,179,898 | 3,179,898 | -1 | 1 | ||||
| Other Short Term Loans | ||||||||||
| Long term loans | -47,454,360 | 47,454,360 | ||||||||
| Hire Purchase and Lease Commitments | -23,727,180 | 23,727,180 | ||||||||
| other long term liabilities | -440,793 | 383,543 | 57,250 | |||||||
| share issue | ||||||||||
| interest | 1,114,515 | 397,424 | 53,546 | 61,743 | 372,252 | 5,529 | 753 | |||
| cash flow from financing | 1,114,514 | 496,162 | -219,396 | -2,677,727 | -67,766,978 | 70,740,933 | 387,036 | 46,704 | ||
| cash and cash equivalents | ||||||||||
| cash | -4,582,155 | 6,289,581 | 1,813,069 | 3,816,807 | -13,568,128 | 23,925,809 | 216,757 | 22,598 | ||
| overdraft | ||||||||||
| change in cash | -4,582,155 | 6,289,581 | 1,813,069 | 3,816,807 | -13,568,128 | 23,925,809 | 216,757 | 22,598 |
bw offshore catcher (uk) limited Credit Report and Business Information
Bw Offshore Catcher (uk) Limited Competitor Analysis
Perform a competitor analysis for bw offshore catcher (uk) limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in AB11 area or any other competitors across 12 key performance metrics.
bw offshore catcher (uk) limited Ownership
BW OFFSHORE CATCHER (UK) LIMITED group structure
Bw Offshore Catcher (Uk) Limited has no subsidiary companies.
Ultimate parent company
BW OFFSHORE LTD
#0080623
BW OFFSHORE CYPRUS LTD
#0080622
2 parents
BW OFFSHORE CATCHER (UK) LIMITED
SC461565
bw offshore catcher (uk) limited directors
Bw Offshore Catcher (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
220.8m
+5%
operating profit
3.5m
+35%
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
14.1m
+0.32%
total assets
58m
-0.35%
cash
17.9m
-0.2%
net assets
Total assets minus all liabilities
bw offshore catcher (uk) limited company details
company number
SC461565
Type
Private limited with Share Capital
industry
33150 - Repair and maintenance of ships and boats
incorporation date
October 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
kinburn (187) limited (March 2014)
accountant
-
auditor
KPMG LLP
address
horizons house, 1st floor, horizons house, aberdeen, AB11 5DE
Bank
-
Legal Advisor
-
bw offshore catcher (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 9 charges/mortgages relating to bw offshore catcher (uk) limited. Currently there are 9 open charges and 0 have been satisfied in the past.
bw offshore catcher (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 CATCHER (UK) LIMITED. This can take several minutes, an email will notify you when this has completed.
bw offshore catcher (uk) limited Companies House Filings - See Documents
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