aratellus offshore limited
aratellus offshore limited Company Information
Company Number
SC661348
Next Accounts
Sep 2025
Industry
Other business support service activities n.e.c.
Shareholders
sulmara subsea limited
Group Structure
View All
Contact
Registered Address
5 carden place, aberdeen, AB10 1UT
Website
sulmara.comaratellus offshore limited Estimated Valuation
Pomanda estimates the enterprise value of ARATELLUS OFFSHORE LIMITED at £23.5m based on a Turnover of £26.7m and 0.88x industry multiple (adjusted for size and gross margin).
aratellus offshore limited Estimated Valuation
Pomanda estimates the enterprise value of ARATELLUS OFFSHORE LIMITED at £9.1m based on an EBITDA of £1.4m and a 6.49x industry multiple (adjusted for size and gross margin).
aratellus offshore limited Estimated Valuation
Pomanda estimates the enterprise value of ARATELLUS OFFSHORE LIMITED at £2.3m based on Net Assets of £965.8k and 2.35x industry multiple (adjusted for liquidity).
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Aratellus Offshore Limited Overview
Aratellus Offshore Limited is a live company located in aberdeen, AB10 1UT with a Companies House number of SC661348. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2020, it's largest shareholder is sulmara subsea limited with a 100% stake. Aratellus Offshore Limited is a startup, large sized company, Pomanda has estimated its turnover at £26.7m with rapid growth in recent years.
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Aratellus Offshore Limited Health Check
Pomanda's financial health check has awarded Aratellus Offshore Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £26.7m, make it larger than the average company (£4.7m)
- Aratellus Offshore Limited
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 132%, show it is growing at a faster rate (6.6%)
- Aratellus Offshore Limited
6.6% - Industry AVG
Production
with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)
- Aratellus Offshore Limited
38.2% - Industry AVG
Profitability
an operating margin of 3.6% make it less profitable than the average company (5.7%)
- Aratellus Offshore Limited
5.7% - Industry AVG
Employees
with 38 employees, this is above the industry average (26)
38 - Aratellus Offshore Limited
26 - Industry AVG
Pay Structure
on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)
- Aratellus Offshore Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £703k, this is more efficient (£170.6k)
- Aratellus Offshore Limited
£170.6k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (41 days)
- Aratellus Offshore Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (31 days)
- Aratellus Offshore Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Aratellus Offshore Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (22 weeks)
8 weeks - Aratellus Offshore Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.8%, this is a higher level of debt than the average (62.3%)
93.8% - Aratellus Offshore Limited
62.3% - Industry AVG
ARATELLUS OFFSHORE LIMITED financials
Aratellus Offshore Limited's latest turnover from December 2023 is estimated at £26.7 million and the company has net assets of £965.8 thousand. According to their latest financial statements, Aratellus Offshore Limited has 38 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| 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 | 38 | 32 | 31 | 8 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 7,404,560 | 5,085,520 | 3,486,513 | 515,571 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,404,560 | 5,085,520 | 3,486,513 | 515,571 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,859,478 | 2,594,529 | 175,144 | 0 |
| Group Debtors | 169,322 | 77,604 | 1,180,014 | 127,380 |
| Misc Debtors | 878,125 | 736,109 | 311,063 | 542,789 |
| Cash | 2,258,206 | 358,655 | 638,621 | 261,416 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 8,165,131 | 3,766,897 | 2,304,842 | 931,585 |
| total assets | 15,569,691 | 8,852,417 | 5,791,355 | 1,447,156 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,706,637 | 1,921,043 | 1,396,054 | 453,897 |
| Group/Directors Accounts | 2,454,926 | 381,957 | 726,575 | 806,850 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 33,333 | 40,000 | 40,000 |
| other current liabilities | 8,026,185 | 6,322,574 | 3,659,148 | 420,326 |
| total current liabilities | 14,187,748 | 8,658,907 | 5,821,777 | 1,721,073 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 33,333 | 73,333 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 416,181 | 0 | 0 | 0 |
| total long term liabilities | 416,181 | 0 | 33,333 | 73,333 |
| total liabilities | 14,603,929 | 8,658,907 | 5,855,110 | 1,794,406 |
| net assets | 965,762 | 193,510 | -63,755 | -347,250 |
| total shareholders funds | 965,762 | 193,510 | -63,755 | -347,250 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 439,010 | 199,823 | 184,717 | 42,084 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 2,498,683 | 1,742,021 | 996,052 | 670,169 |
| Creditors | 1,785,594 | 524,989 | 942,157 | 453,897 |
| Accruals and Deferred Income | 1,703,611 | 2,663,426 | 3,238,822 | 420,326 |
| Deferred Taxes & Provisions | 416,181 | 0 | 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 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,072,969 | -344,618 | -80,275 | 806,850 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -33,333 | -40,000 | -40,000 | 113,333 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 1,899,551 | -279,966 | 377,205 | 261,416 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 1,899,551 | -279,966 | 377,205 | 261,416 |
aratellus offshore limited Credit Report and Business Information
Aratellus Offshore Limited Competitor Analysis
Perform a competitor analysis for aratellus offshore 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.
aratellus offshore limited Ownership
ARATELLUS OFFSHORE LIMITED group structure
Aratellus Offshore Limited has no subsidiary companies.
Ultimate parent company
2 parents
ARATELLUS OFFSHORE LIMITED
SC661348
aratellus offshore limited directors
Aratellus Offshore Limited currently has 3 directors. The longest serving directors include Mr Steven Gray (Sep 2020) and Mr Simon Cowie (Jun 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Gray | Scotland | 52 years | Sep 2020 | - | Director |
| Mr Simon Cowie | Scotland | 51 years | Jun 2022 | - | Director |
| Mr Simon Cowie | Scotland | 51 years | Jun 2022 | - | Director |
P&L
December 2023turnover
26.7m
+91%
operating profit
961k
0%
gross margin
38.2%
-0.8%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
965.8k
+3.99%
total assets
15.6m
+0.76%
cash
2.3m
+5.3%
net assets
Total assets minus all liabilities
Similar Companies
aratellus offshore limited company details
company number
SC661348
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 2020
age
4
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
sllp 291 limited (July 2020)
accountant
-
auditor
-
address
5 carden place, aberdeen, AB10 1UT
Bank
-
Legal Advisor
-
aratellus offshore 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 aratellus offshore limited. Currently there are 1 open charges and 0 have been satisfied in the past.
aratellus offshore 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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aratellus offshore limited Companies House Filings - See Documents
| date | description | view/download |
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