interventek subsea engineering limited
interventek subsea engineering limited Company Information
Company Number
SC468667
Next Accounts
Nov 2025
Shareholders
gavin david cowie
frontrow energy technology group limited
View AllGroup Structure
View All
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Registered Address
unit 4 international view, abz business park, aberdeen, AB21 0BJ
Website
www.interventek.cominterventek subsea engineering limited Estimated Valuation
Pomanda estimates the enterprise value of INTERVENTEK SUBSEA ENGINEERING LIMITED at £1.4m based on a Turnover of £2.2m and 0.65x industry multiple (adjusted for size and gross margin).
interventek subsea engineering limited Estimated Valuation
Pomanda estimates the enterprise value of INTERVENTEK SUBSEA ENGINEERING LIMITED at £2.2m based on an EBITDA of £472.9k and a 4.66x industry multiple (adjusted for size and gross margin).
interventek subsea engineering limited Estimated Valuation
Pomanda estimates the enterprise value of INTERVENTEK SUBSEA ENGINEERING LIMITED at £5.8m based on Net Assets of £2.5m and 2.3x industry multiple (adjusted for liquidity).
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Interventek Subsea Engineering Limited Overview
Interventek Subsea Engineering Limited is a live company located in aberdeen, AB21 0BJ with a Companies House number of SC468667. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in January 2014, it's largest shareholder is gavin david cowie with a 9.1% stake. Interventek Subsea Engineering Limited is a established, small sized company, Pomanda has estimated its turnover at £2.2m with declining growth in recent years.
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Interventek Subsea Engineering Limited Health Check
Pomanda's financial health check has awarded Interventek Subsea Engineering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £2.2m, make it larger than the average company (£1.8m)
- Interventek Subsea Engineering Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (7.9%)
- Interventek Subsea Engineering Limited
7.9% - Industry AVG
Production
with a gross margin of 47%, this company has a comparable cost of product (47%)
- Interventek Subsea Engineering Limited
47% - Industry AVG
Profitability
an operating margin of 15.1% make it more profitable than the average company (5.8%)
- Interventek Subsea Engineering Limited
5.8% - Industry AVG
Employees
with 33 employees, this is above the industry average (16)
33 - Interventek Subsea Engineering Limited
16 - Industry AVG
Pay Structure
on an average salary of £49.2k, the company has an equivalent pay structure (£49.2k)
- Interventek Subsea Engineering Limited
£49.2k - Industry AVG
Efficiency
resulting in sales per employee of £66.6k, this is less efficient (£114.2k)
- Interventek Subsea Engineering Limited
£114.2k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is earlier than average (55 days)
- Interventek Subsea Engineering Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 116 days, this is slower than average (31 days)
- Interventek Subsea Engineering Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 27 days, this is in line with average (28 days)
- Interventek Subsea Engineering Limited
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 110 weeks, this is more cash available to meet short term requirements (28 weeks)
110 weeks - Interventek Subsea Engineering Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.5%, this is a similar level of debt than the average (51.4%)
46.5% - Interventek Subsea Engineering Limited
51.4% - Industry AVG
INTERVENTEK SUBSEA ENGINEERING LIMITED financials
Interventek Subsea Engineering Limited's latest turnover from February 2024 is estimated at £2.2 million and the company has net assets of £2.5 million. According to their latest financial statements, Interventek Subsea Engineering Limited has 33 employees and maintains cash reserves of £3.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,351,905 | 3,203,915 | 699,772 | 236,111 | 318,885 | |||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 2,628,487 | 1,047,705 | 129,511 | 66,675 | 183,091 | |||||
| Gross Profit | 3,723,418 | 2,156,210 | 570,261 | 169,436 | 135,794 | |||||
| Admin Expenses | 1,921,710 | 1,367,859 | 935,806 | 908,290 | 502,501 | 344,979 | ||||
| Operating Profit | 1,801,708 | 788,351 | -365,545 | -738,854 | -366,707 | -344,979 | ||||
| Interest Payable | 21,547 | 20,992 | 23,317 | 2,129 | ||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | 1,780,161 | 767,359 | -388,862 | -740,983 | -366,707 | -344,979 | ||||
| Tax | -86,767 | -102 | 65,283 | -28,752 | 21,665 | 57,520 | ||||
| Profit After Tax | 1,693,394 | 767,257 | -323,579 | -769,735 | -345,042 | -287,459 | ||||
| Dividends Paid | ||||||||||
| Retained Profit | 1,693,394 | 767,257 | -323,579 | -769,735 | -345,042 | -287,459 | ||||
| Employee Costs | 1,165,820 | 833,551 | 513,219 | 458,833 | 383,432 | 231,840 | ||||
| Number Of Employees | 33 | 39 | 42 | 36 | 20 | 10 | 7 | 6 | 4 | 3 |
| EBITDA* | 1,872,691 | 831,376 | -318,118 | -691,377 | -350,786 | -341,809 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 478,170 | 392,082 | 360,453 | 564,634 | 544,643 | 49,763 | 36,899 | 42,034 | 36,762 | 7,771 |
| Intangible Assets | 19,558 | 54,231 | 83,640 | 54,172 | 60,506 | 55,832 | 58,647 | 88,771 | 120,354 | 12,442 |
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 497,728 | 446,313 | 444,093 | 618,806 | 605,149 | 105,595 | 95,546 | 130,805 | 157,116 | 20,213 |
| Stock & work in progress | 87,475 | 57,061 | 13,516 | 25,889 | ||||||
| Trade Debtors | 197,268 | 2,290,705 | 507,494 | 862,723 | 1,480,980 | 813,065 | 16,190 | 66,667 | ||
| Group Debtors | 6,000 | 2,400 | ||||||||
| Misc Debtors | 817,982 | 624,431 | 3,336,242 | 6,094,984 | 3,048,763 | 94,528 | 101,269 | 70,209 | 83,195 | 75,823 |
| Cash | 3,082,207 | 2,094,314 | 2,555,966 | 4,133,117 | 237,498 | 606,106 | 80,324 | 267,060 | 357,905 | 48,455 |
| misc current assets | ||||||||||
| total current assets | 4,184,932 | 5,009,450 | 6,399,702 | 11,147,885 | 4,780,757 | 1,545,588 | 200,183 | 403,936 | 441,100 | 124,278 |
| total assets | 4,682,660 | 5,455,763 | 6,843,795 | 11,766,691 | 5,385,906 | 1,651,183 | 295,729 | 534,741 | 598,216 | 144,491 |
| Bank overdraft | ||||||||||
| Bank loan | 666,667 | 1,333,333 | ||||||||
| Trade Creditors | 371,332 | 343,834 | 989,566 | 1,859,749 | 777,241 | 255,826 | 34,285 | 88,059 | 19,229 | 4,584 |
| Group/Directors Accounts | 65,202 | 22,726 | 249,726 | 131,558 | 177,741 | 55,696 | ||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 1,075,649 | 2,005,031 | 3,574,827 | 5,169,256 | 2,078,649 | 676,312 | 327,003 | 531,781 | 42,190 | 44,642 |
| total current liabilities | 1,446,981 | 2,348,865 | 5,231,060 | 8,362,338 | 2,921,092 | 954,864 | 611,014 | 751,398 | 239,160 | 104,922 |
| loans | 666,667 | 971,160 | 971,160 | 957,605 | 944,058 | 746,757 | 261,624 | |||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | 695,119 | 971,160 | 971,160 | 971,160 | ||||||
| provisions | 33,898 | 98,000 | 75,101 | 18,913 | 22,192 | |||||
| total long term liabilities | 729,017 | 971,160 | 971,160 | 1,735,827 | 1,046,261 | 971,160 | 957,605 | 962,971 | 768,949 | 261,624 |
| total liabilities | 2,175,998 | 3,320,025 | 6,202,220 | 10,098,165 | 3,967,353 | 1,926,024 | 1,568,619 | 1,714,369 | 1,008,109 | 366,546 |
| net assets | 2,506,662 | 2,135,738 | 641,575 | 1,668,526 | 1,418,553 | -274,841 | -1,272,890 | -1,179,628 | -409,893 | -222,055 |
| total shareholders funds | 2,506,662 | 2,135,738 | 641,575 | 1,668,526 | 1,418,553 | -274,841 | -1,272,890 | -1,179,628 | -409,893 | -222,055 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 1,801,708 | 788,351 | -365,545 | -738,854 | -366,707 | -344,979 | ||||
| Depreciation | 106,099 | 275,751 | 273,758 | 228,517 | 42,378 | 16,640 | 17,303 | 15,894 | 8,377 | 1,712 |
| Amortisation | 34,673 | 28,605 | 26,385 | 30,124 | 31,583 | 7,544 | 1,458 | |||
| Tax | -86,767 | -102 | 65,283 | -28,752 | 21,665 | 57,520 | ||||
| Stock | 87,475 | -57,061 | 43,545 | -12,373 | 25,889 | |||||
| Debtors | -1,899,886 | -928,600 | -3,113,971 | 2,427,964 | 3,616,150 | 793,734 | -17,017 | 53,681 | 7,372 | 75,823 |
| Creditors | 27,498 | -645,732 | -870,183 | 1,082,508 | 521,415 | 221,541 | -53,774 | 68,830 | 14,645 | 4,584 |
| Accruals and Deferred Income | -929,382 | -1,569,796 | -1,594,429 | 3,090,607 | 1,402,337 | 349,309 | -204,778 | 489,591 | -2,452 | 44,642 |
| Deferred Taxes & Provisions | 33,898 | -98,000 | 22,899 | 75,101 | -18,913 | -3,279 | 22,192 | |||
| Cash flow from operations | 181,000 | 582,501 | -513,283 | -218,668 | -302,108 | -310,886 | ||||
| Investing Activities | ||||||||||
| capital expenditure | -53,074 | -16,506 | -21,166 | -152,824 | ||||||
| Change in Investments | ||||||||||
| cash flow from investments | -53,074 | -16,506 | -21,166 | -152,824 | ||||||
| Financing Activities | ||||||||||
| Bank loans | -666,667 | -666,666 | 1,333,333 | |||||||
| Group/Directors Accounts | -65,202 | 42,476 | -227,000 | 118,168 | -46,183 | 122,045 | 55,696 | |||
| Other Short Term Loans | ||||||||||
| Long term loans | -666,667 | -304,493 | 13,555 | 13,547 | 197,301 | 485,133 | 261,624 | |||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | -276,041 | 971,160 | ||||||||
| share issue | ||||||||||
| interest | -21,547 | -20,992 | -23,317 | -2,129 | ||||||
| cash flow from financing | 20,929 | -3,645 | 338,715 | 148,989 | 764,382 | 382,724 | ||||
| cash and cash equivalents | ||||||||||
| cash | 987,893 | -461,652 | -1,577,151 | 3,895,619 | -368,608 | 525,782 | -186,736 | -90,845 | 309,450 | 48,455 |
| overdraft | ||||||||||
| change in cash | 987,893 | -461,652 | -1,577,151 | 3,895,619 | -368,608 | 525,782 | -186,736 | -90,845 | 309,450 | 48,455 |
interventek subsea engineering limited Credit Report and Business Information
Interventek Subsea Engineering Limited Competitor Analysis
Perform a competitor analysis for interventek subsea engineering limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in AB21 area or any other competitors across 12 key performance metrics.
interventek subsea engineering limited Ownership
INTERVENTEK SUBSEA ENGINEERING LIMITED group structure
Interventek Subsea Engineering Limited has no subsidiary companies.
Ultimate parent company
INTERVENTEK SUBSEA ENGINEERING LIMITED
SC468667
interventek subsea engineering limited directors
Interventek Subsea Engineering Limited currently has 13 directors. The longest serving directors include Mr Antony Kitchener (Jan 2014) and Mr Gavin Cowie (Jun 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Antony Kitchener | Scotland | 64 years | Jan 2014 | - | Director |
| Mr Gavin Cowie | United Kingdom | 57 years | Jun 2014 | - | Director |
| Mr John Sangster | United Kingdom | 52 years | Jun 2014 | - | Director |
| Mr Christopher Mawtus | United Kingdom | 66 years | Sep 2014 | - | Director |
| Mr Michael Speakman | England | 60 years | Mar 2015 | - | Director |
| Mr Frank Summers | United Kingdom | 54 years | Mar 2015 | - | Director |
| Mr Neil McGuinness | 57 years | Mar 2015 | - | Director | |
| Mr Kenneth Balfour | United Kingdom | 60 years | Mar 2015 | - | Director |
| Mr Brett Lestrange | United Kingdom | 55 years | Mar 2015 | - | Director |
| Mr Michael Morgan | Scotland | 75 years | Mar 2015 | - | Director |
P&L
February 2024turnover
2.2m
-75%
operating profit
332.1k
0%
gross margin
47.1%
+5.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
2.5m
+0.17%
total assets
4.7m
-0.14%
cash
3.1m
+0.47%
net assets
Total assets minus all liabilities
interventek subsea engineering limited company details
company number
SC468667
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
incorporation date
January 2014
age
11
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
February 2024
previous names
N/A
accountant
JOHNSTON CARMICHAEL LLP
auditor
-
address
unit 4 international view, abz business park, aberdeen, AB21 0BJ
Bank
ROYAL BANK OF SCOTLAND
Legal Advisor
-
interventek subsea engineering 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 1 charges/mortgages relating to interventek subsea engineering limited. Currently there are 1 open charges and 0 have been satisfied in the past.
interventek subsea engineering 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.
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interventek subsea engineering limited Companies House Filings - See Documents
| date | description | view/download |
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