sulmara subsea international limited
sulmara subsea international limited Company Information
Company Number
SC602514
Next Accounts
91 days late
Industry
Other business support service activities n.e.c.
Shareholders
kevin mcbarron
polymer n4 limited
View AllGroup Structure
View All
Contact
Registered Address
28 albyn place, aberdeen, AB10 1YL
Website
-sulmara subsea international limited Estimated Valuation
Pomanda estimates the enterprise value of SULMARA SUBSEA INTERNATIONAL LIMITED at £27.8m based on a Turnover of £34m and 0.82x industry multiple (adjusted for size and gross margin).
sulmara subsea international limited Estimated Valuation
Pomanda estimates the enterprise value of SULMARA SUBSEA INTERNATIONAL LIMITED at £11.3m based on an EBITDA of £1.9m and a 6.02x industry multiple (adjusted for size and gross margin).
sulmara subsea international limited Estimated Valuation
Pomanda estimates the enterprise value of SULMARA SUBSEA INTERNATIONAL LIMITED at £12.5m based on Net Assets of £5.3m and 2.35x industry multiple (adjusted for liquidity).
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Sulmara Subsea International Limited Overview
Sulmara Subsea International Limited is a live company located in aberdeen, AB10 1YL with a Companies House number of SC602514. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2018, it's largest shareholder is kevin mcbarron with a 22.6% stake. Sulmara Subsea International Limited is a young, large sized company, Pomanda has estimated its turnover at £34m with rapid growth in recent years.
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Sulmara Subsea International Limited Health Check
Pomanda's financial health check has awarded Sulmara Subsea International Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
6 Weak
Size
annual sales of £34m, make it larger than the average company (£4m)
£34m - Sulmara Subsea International Limited
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of 499%, show it is growing at a faster rate (3%)
- Sulmara Subsea International Limited
3% - Industry AVG
Production
with a gross margin of 26%, this company has a higher cost of product (38.4%)
26% - Sulmara Subsea International Limited
38.4% - Industry AVG
Profitability
an operating margin of 4.4% make it less profitable than the average company (6.2%)
4.4% - Sulmara Subsea International Limited
6.2% - Industry AVG
Employees
with 139 employees, this is above the industry average (25)
139 - Sulmara Subsea International Limited
25 - Industry AVG
Pay Structure
on an average salary of £74.9k, the company has a higher pay structure (£51.3k)
£74.9k - Sulmara Subsea International Limited
£51.3k - Industry AVG
Efficiency
resulting in sales per employee of £244.6k, this is more efficient (£162.1k)
£244.6k - Sulmara Subsea International Limited
£162.1k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (44 days)
105 days - Sulmara Subsea International Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 109 days, this is slower than average (33 days)
109 days - Sulmara Subsea International Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Sulmara Subsea International Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (23 weeks)
5 weeks - Sulmara Subsea International Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.3%, this is a higher level of debt than the average (63.7%)
78.3% - Sulmara Subsea International Limited
63.7% - Industry AVG
SULMARA SUBSEA INTERNATIONAL LIMITED financials
Sulmara Subsea International Limited's latest turnover from December 2022 is £34 million and the company has net assets of £5.3 million. According to their latest financial statements, Sulmara Subsea International Limited has 139 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Turnover | 33,993,299 | 21,663,889 | ||
| Other Income Or Grants | 0 | 0 | ||
| Cost Of Sales | 25,169,113 | 14,730,045 | ||
| Gross Profit | 8,824,186 | 6,933,844 | ||
| Admin Expenses | 7,333,280 | 5,615,730 | ||
| Operating Profit | 1,490,906 | 1,318,114 | ||
| Interest Payable | 1,034,620 | 1,140,643 | ||
| Interest Receivable | 1,149,489 | 1,817,197 | ||
| Pre-Tax Profit | 1,605,775 | 1,994,668 | ||
| Tax | -455,488 | -581,570 | ||
| Profit After Tax | 1,150,287 | 1,413,098 | ||
| Dividends Paid | 0 | 0 | ||
| Retained Profit | 1,150,287 | 1,413,098 | ||
| Employee Costs | 10,417,996 | 5,374,938 | ||
| Number Of Employees | 139 | 83 | ||
| EBITDA* | 1,873,005 | 1,497,250 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Tangible Assets | 650,925 | 574,904 | 0 | 0 |
| Intangible Assets | 2,561,423 | 1,252,291 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,212,348 | 1,827,195 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 9,856,414 | 8,211,131 | 0 | 0 |
| Group Debtors | 0 | 0 | 2,743,506 | 333,400 |
| Misc Debtors | 9,463,146 | 6,663,056 | 82,088 | 27,433 |
| Cash | 2,033,344 | 2,525,412 | 146,810 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 21,352,904 | 17,399,600 | 2,972,404 | 360,833 |
| total assets | 24,565,252 | 19,226,796 | 2,972,404 | 360,833 |
| Bank overdraft | 0 | 1 | 0 | 0 |
| Bank loan | 9,572 | 10,831 | 0 | 0 |
| Trade Creditors | 7,547,064 | 4,460,923 | 16,317 | 22,945 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 8,112,635 | 8,066,155 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 2,900,446 | 1,435,594 | 5,500 | 25,000 |
| total current liabilities | 18,569,719 | 13,973,504 | 21,817 | 47,945 |
| loans | 27,919 | 45,825 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 641,352 | 367,438 | 0 | 0 |
| total long term liabilities | 669,272 | 413,264 | 0 | 0 |
| total liabilities | 19,238,992 | 14,386,769 | 21,817 | 47,945 |
| net assets | 5,326,260 | 4,840,027 | 2,950,587 | 312,888 |
| total shareholders funds | 5,326,260 | 4,840,027 | 2,950,587 | 312,888 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 1,490,906 | 1,318,114 | ||
| Depreciation | 311,902 | 179,137 | 0 | 0 |
| Amortisation | 70,197 | 0 | 0 | 0 |
| Tax | -455,488 | -581,570 | ||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 4,445,372 | 12,048,593 | 2,464,761 | 360,833 |
| Creditors | 3,086,141 | 4,444,606 | -6,628 | 22,945 |
| Accruals and Deferred Income | 1,464,852 | 1,430,094 | -19,500 | 25,000 |
| Deferred Taxes & Provisions | 273,914 | 367,438 | 0 | 0 |
| Cash flow from operations | 1,797,052 | -4,890,774 | ||
| Investing Activities | ||||
| capital expenditure | 0 | 0 | ||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | ||
| Financing Activities | ||||
| Bank loans | -1,259 | 10,831 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 46,480 | 8,066,155 | 0 | 0 |
| Long term loans | -17,906 | 45,825 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | 114,869 | 676,554 | ||
| cash flow from financing | -521,869 | 9,275,707 | ||
| cash and cash equivalents | ||||
| cash | -492,068 | 2,378,602 | 146,810 | 0 |
| overdraft | -1 | 1 | 0 | 0 |
| change in cash | -492,067 | 2,378,601 | 146,810 | 0 |
sulmara subsea international limited Credit Report and Business Information
Sulmara Subsea International Limited Competitor Analysis
Perform a competitor analysis for sulmara subsea international limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in AB10 area or any other competitors across 12 key performance metrics.
sulmara subsea international limited Ownership
SULMARA SUBSEA INTERNATIONAL LIMITED group structure
Sulmara Subsea International Limited has 3 subsidiary companies.
Ultimate parent company
SULMARA SUBSEA INTERNATIONAL LIMITED
SC602514
3 subsidiaries
sulmara subsea international limited directors
Sulmara Subsea International Limited currently has 7 directors. The longest serving directors include Mr Kevin McBarron (Apr 2019) and Dr Graeme Speirs (Jun 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin McBarron | United Kingdom | 55 years | Apr 2019 | - | Director |
| Dr Graeme Speirs | United Kingdom | 75 years | Jun 2020 | - | Director |
| Mr Piotr Wisthal | United Kingdom | 38 years | May 2021 | - | Director |
| Mr Carlo Pinto | United Kingdom | 49 years | Aug 2024 | - | Director |
| Mr Davis Larssen | United Kingdom | 53 years | Nov 2024 | - | Director |
| Mr Michael Sibson | United Kingdom | 52 years | Nov 2024 | - | Director |
| Mr Richard Pugh | England | 40 years | Nov 2024 | - | Director |
P&L
December 2022turnover
34m
+57%
operating profit
1.5m
+13%
gross margin
26%
-18.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.3m
+0.1%
total assets
24.6m
+0.28%
cash
2m
-0.19%
net assets
Total assets minus all liabilities
sulmara subsea international limited company details
company number
SC602514
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
July 2018
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
sllp 238 limited (August 2018)
accountant
-
auditor
AZETS AUDIT SERVICES
address
28 albyn place, aberdeen, AB10 1YL
Bank
-
Legal Advisor
-
sulmara subsea international 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 4 charges/mortgages relating to sulmara subsea international limited. Currently there are 4 open charges and 0 have been satisfied in the past.
sulmara subsea international 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 SULMARA SUBSEA INTERNATIONAL LIMITED. This can take several minutes, an email will notify you when this has completed.
sulmara subsea international limited Companies House Filings - See Documents
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