sulmara subsea limited
sulmara subsea limited Company Information
Company Number
SC606923
Next Accounts
91 days late
Industry
Other business support service activities n.e.c.
Shareholders
sulmara subsea international limited
Group Structure
View All
Contact
Registered Address
28 albyn place, aberdeen, AB10 1YL
Website
sulmara.comsulmara subsea limited Estimated Valuation
Pomanda estimates the enterprise value of SULMARA SUBSEA LIMITED at £23.3m based on a Turnover of £26.6m and 0.88x industry multiple (adjusted for size and gross margin).
sulmara subsea limited Estimated Valuation
Pomanda estimates the enterprise value of SULMARA SUBSEA LIMITED at £18.5m based on an EBITDA of £2.9m and a 6.47x industry multiple (adjusted for size and gross margin).
sulmara subsea limited Estimated Valuation
Pomanda estimates the enterprise value of SULMARA SUBSEA LIMITED at £5.3m based on Net Assets of £2.2m and 2.35x industry multiple (adjusted for liquidity).
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Sulmara Subsea Limited Overview
Sulmara Subsea Limited is a live company located in aberdeen, AB10 1YL with a Companies House number of SC606923. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in August 2018, it's largest shareholder is sulmara subsea international limited with a 100% stake. Sulmara Subsea Limited is a young, large sized company, Pomanda has estimated its turnover at £26.6m with rapid growth in recent years.
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Sulmara Subsea Limited Health Check
Pomanda's financial health check has awarded Sulmara Subsea 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
3 Regular
2 Weak
Size
annual sales of £26.6m, make it larger than the average company (£4m)
- Sulmara Subsea Limited
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of 226%, show it is growing at a faster rate (3%)
- Sulmara Subsea Limited
3% - Industry AVG
Production
with a gross margin of 38.4%, this company has a comparable cost of product (38.4%)
- Sulmara Subsea Limited
38.4% - Industry AVG
Profitability
an operating margin of 9.8% make it more profitable than the average company (6.2%)
- Sulmara Subsea Limited
6.2% - Industry AVG
Employees
with 74 employees, this is above the industry average (25)
74 - Sulmara Subsea Limited
25 - Industry AVG
Pay Structure
on an average salary of £51.3k, the company has an equivalent pay structure (£51.3k)
- Sulmara Subsea Limited
£51.3k - Industry AVG
Efficiency
resulting in sales per employee of £359.4k, this is more efficient (£162.1k)
- Sulmara Subsea Limited
£162.1k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is near the average (44 days)
- Sulmara Subsea Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 121 days, this is slower than average (33 days)
- Sulmara Subsea Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Sulmara Subsea Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (23 weeks)
4 weeks - Sulmara Subsea Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.1%, this is a higher level of debt than the average (63.7%)
90.1% - Sulmara Subsea Limited
63.7% - Industry AVG
SULMARA SUBSEA LIMITED financials
Sulmara Subsea Limited's latest turnover from December 2022 is estimated at £26.6 million and the company has net assets of £2.2 million. According to their latest financial statements, Sulmara Subsea Limited has 74 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| 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 | 74 | 40 | 21 | 8 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Tangible Assets | 389,000 | 293,000 | 165,590 | 0 |
| Intangible Assets | 2,663,000 | 1,115,000 | 192,999 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 2,142,500 | 0 |
| Total Fixed Assets | 3,052,000 | 1,408,000 | 2,501,089 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,719,000 | 966,000 | 1,030,926 | 115,356 |
| Group Debtors | 5,453,000 | 1,989,000 | 38,928 | 411,149 |
| Misc Debtors | 8,604,000 | 5,803,000 | 448,307 | 16,829 |
| Cash | 1,783,000 | 882,000 | 327,027 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 19,559,000 | 9,640,000 | 1,845,188 | 543,334 |
| total assets | 22,611,000 | 11,048,000 | 4,346,277 | 543,334 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 10,000 | 10,000 | 0 | 0 |
| Trade Creditors | 5,460,000 | 1,488,000 | 495,605 | 8,247 |
| Group/Directors Accounts | 3,659,000 | 905,000 | 741,665 | 336,600 |
| other short term finances | 8,434,000 | 7,177,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 2,194,000 | 506,000 | 129,152 | 109,303 |
| total current liabilities | 19,757,000 | 10,086,000 | 1,366,422 | 454,150 |
| loans | 29,000 | 40,000 | 3,141,233 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 585,000 | 254,000 | 0 | 0 |
| total long term liabilities | 614,000 | 294,000 | 3,141,233 | 0 |
| total liabilities | 20,371,000 | 10,380,000 | 4,507,655 | 454,150 |
| net assets | 2,240,000 | 668,000 | -161,378 | 89,184 |
| total shareholders funds | 2,240,000 | 668,000 | -161,378 | 89,184 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 178,000 | 116,000 | 36,321 | 0 |
| Amortisation | 73,000 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 9,018,000 | 5,097,339 | 3,117,327 | 543,334 |
| Creditors | 3,972,000 | 992,395 | 487,358 | 8,247 |
| Accruals and Deferred Income | 1,688,000 | 376,848 | 19,849 | 109,303 |
| Deferred Taxes & Provisions | 331,000 | 254,000 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 10,000 | 0 | 0 |
| Group/Directors Accounts | 2,754,000 | 163,335 | 405,065 | 336,600 |
| Other Short Term Loans | 1,257,000 | 7,177,000 | 0 | 0 |
| Long term loans | -11,000 | -3,101,233 | 3,141,233 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 901,000 | 554,973 | 327,027 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 901,000 | 554,973 | 327,027 | 0 |
sulmara subsea limited Credit Report and Business Information
Sulmara Subsea Limited Competitor Analysis
Perform a competitor analysis for sulmara subsea 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 limited Ownership
SULMARA SUBSEA LIMITED group structure
Sulmara Subsea Limited has 1 subsidiary company.
Ultimate parent company
1 parent
SULMARA SUBSEA LIMITED
SC606923
1 subsidiary
sulmara subsea limited directors
Sulmara Subsea Limited currently has 2 directors. The longest serving directors include Mr Kevin McBarron (May 2019) and Mr Piotr Wisthal (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin McBarron | United Kingdom | 55 years | May 2019 | - | Director |
| Mr Piotr Wisthal | United Kingdom | 38 years | May 2021 | - | Director |
P&L
December 2022turnover
26.6m
+239%
operating profit
2.6m
0%
gross margin
38.5%
+2.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.2m
+2.35%
total assets
22.6m
+1.05%
cash
1.8m
+1.02%
net assets
Total assets minus all liabilities
sulmara subsea limited company details
company number
SC606923
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
August 2018
age
6
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2022
previous names
sllp 242 limited (November 2018)
accountant
AZETS AUDIT SERVICES
auditor
-
address
28 albyn place, aberdeen, AB10 1YL
Bank
-
Legal Advisor
-
sulmara subsea 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 limited. Currently there are 4 open charges and 0 have been satisfied in the past.
sulmara subsea 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 LIMITED. This can take several minutes, an email will notify you when this has completed.
sulmara subsea limited Companies House Filings - See Documents
| date | description | view/download |
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