kincardine offshore windfarm limited
kincardine offshore windfarm limited Company Information
Company Number
SC475345
Website
pilot-renewables.comRegistered Address
c/o cms cameron mckenna nabarro, 4th floor, saltire court, edinburgh, EH1 2EN
Industry
Production of electricity
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
pilot offshore renewables limited 100%
kincardine offshore windfarm limited Estimated Valuation
Pomanda estimates the enterprise value of KINCARDINE OFFSHORE WINDFARM LIMITED at £79.2m based on a Turnover of £48.3m and 1.64x industry multiple (adjusted for size and gross margin).
kincardine offshore windfarm limited Estimated Valuation
Pomanda estimates the enterprise value of KINCARDINE OFFSHORE WINDFARM LIMITED at £82m based on an EBITDA of £16.6m and a 4.95x industry multiple (adjusted for size and gross margin).
kincardine offshore windfarm limited Estimated Valuation
Pomanda estimates the enterprise value of KINCARDINE OFFSHORE WINDFARM LIMITED at £0 based on Net Assets of £-41.9m and 2.69x industry multiple (adjusted for liquidity).
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Kincardine Offshore Windfarm Limited Overview
Kincardine Offshore Windfarm Limited is a live company located in edinburgh, EH1 2EN with a Companies House number of SC475345. It operates in the production of electricity sector, SIC Code 35110. Founded in April 2014, it's largest shareholder is pilot offshore renewables limited with a 100% stake. Kincardine Offshore Windfarm Limited is a established, large sized company, Pomanda has estimated its turnover at £48.3m with rapid growth in recent years.
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Kincardine Offshore Windfarm Limited Health Check
Pomanda's financial health check has awarded Kincardine Offshore Windfarm Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
5 Weak
Size
annual sales of £48.3m, make it larger than the average company (£1.3m)
£48.3m - Kincardine Offshore Windfarm Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 196%, show it is growing at a faster rate (4.9%)
196% - Kincardine Offshore Windfarm Limited
4.9% - Industry AVG
Production
with a gross margin of 2.1%, this company has a higher cost of product (70.5%)
2.1% - Kincardine Offshore Windfarm Limited
70.5% - Industry AVG
Profitability
an operating margin of -5.8% make it less profitable than the average company (45.7%)
-5.8% - Kincardine Offshore Windfarm Limited
45.7% - Industry AVG
Employees
with 6 employees, this is above the industry average (3)
6 - Kincardine Offshore Windfarm Limited
3 - Industry AVG
Pay Structure
on an average salary of £3.6k, the company has a lower pay structure (£72.2k)
£3.6k - Kincardine Offshore Windfarm Limited
£72.2k - Industry AVG
Efficiency
resulting in sales per employee of £8.1m, this is more efficient (£316k)
£8.1m - Kincardine Offshore Windfarm Limited
£316k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Kincardine Offshore Windfarm Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (22 days)
0 days - Kincardine Offshore Windfarm Limited
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Kincardine Offshore Windfarm Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Kincardine Offshore Windfarm Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 110.3%, this is a higher level of debt than the average (94.7%)
110.3% - Kincardine Offshore Windfarm Limited
94.7% - Industry AVG
kincardine offshore windfarm limited Credit Report and Business Information
Kincardine Offshore Windfarm Limited Competitor Analysis
Perform a competitor analysis for kincardine offshore windfarm limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
kincardine offshore windfarm limited Ownership
KINCARDINE OFFSHORE WINDFARM LIMITED group structure
Kincardine Offshore Windfarm Limited has no subsidiary companies.
Ultimate parent company
ZERO-E CURRENCIES SL
#0120786
2 parents
KINCARDINE OFFSHORE WINDFARM LIMITED
SC475345
kincardine offshore windfarm limited directors
Kincardine Offshore Windfarm Limited currently has 6 directors. The longest serving directors include Mr Allan MacAskill (Apr 2014) and Lord Nicol Stephen (Apr 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Allan MacAskill | 68 years | Apr 2014 | - | Director | |
| Lord Nicol Stephen | United Kingdom | 64 years | Apr 2014 | - | Director |
| Mr Mr. Guerra Benitez | Spain | 51 years | Feb 2023 | - | Director |
| Mr Tomas Benito | Spain | 56 years | Feb 2023 | - | Director |
| Mr Carlos Royo Ibanez | Spain | 54 years | Jun 2023 | - | Director |
| Ms Marta Fernandez Melero | Spain | 31 years | Sep 2023 | - | Director |
KINCARDINE OFFSHORE WINDFARM LIMITED financials
Kincardine Offshore Windfarm Limited's latest turnover from December 2022 is £48.3 million and the company has net assets of -£41.9 million. According to their latest financial statements, Kincardine Offshore Windfarm Limited has 6 employees and maintains cash reserves of £7.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 48,304,523 | 19,220,819 | 885,658 | 1,853,804 | 100,603 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 47,295,784 | 35,253,910 | 5,340,465 | 4,589,723 | 616,338 | |||
| Gross Profit | 1,008,739 | -16,033,091 | -4,454,807 | -2,735,919 | -515,735 | |||
| Admin Expenses | 3,822,426 | 2,157,962 | 494,503 | 564,772 | -16,644 | |||
| Operating Profit | -2,813,687 | -18,191,053 | -4,949,310 | -3,300,691 | -499,091 | |||
| Interest Payable | 16,198,805 | 3,522,393 | 480,050 | 468,759 | 0 | 17,308 | 6,183 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 198 | 0 | |
| Pre-Tax Profit | -19,012,492 | -21,713,446 | -5,429,360 | -3,769,450 | -499,091 | |||
| Tax | 1,221,330 | 7,661,213 | 0 | 0 | 0 | |||
| Profit After Tax | -17,791,162 | -14,052,233 | -5,429,360 | -3,769,450 | -499,091 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | -17,791,162 | -14,052,233 | -5,429,360 | -3,769,450 | -499,091 | |||
| Employee Costs | 21,804 | 0 | 324,000 | 216,000 | 360,000 | |||
| Number Of Employees | 6 | 6 | 6 | 6 | 6 | 6 | 2 | |
| EBITDA* | 16,574,049 | 1,263,807 | -1,453,304 | 22,737 | -77,077 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 352,837,659 | 379,659,764 | 341,063,533 | 164,569,808 | 60,825,017 | 1,067,333 | 701,053 | 0 |
| Intangible Assets | 20,054,999 | 20,872,113 | 15,976,955 | 13,977,905 | 11,334,639 | 3,746,494 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 6,566,424 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 372,892,658 | 400,531,877 | 357,040,488 | 178,547,713 | 72,159,656 | 4,813,827 | 701,053 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 36,006 | 0 | 0 | 32,296 |
| Group Debtors | 813,420 | 1,152,272 | 388,823 | 234,823 | 3,543,382 | 3,521,782 | 0 | 0 |
| Misc Debtors | 25,003,972 | 12,846,633 | 5,490,809 | 646,801 | 2,536,800 | 70,075 | 52,431 | 0 |
| Cash | 7,793,408 | 6,103,409 | 4,062,113 | 2,700,687 | 9,483,414 | 48,892 | 137,362 | 5,516 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 33,610,800 | 20,102,314 | 9,941,745 | 9,798,024 | 15,599,602 | 3,640,749 | 189,793 | 37,812 |
| total assets | 406,503,458 | 420,634,191 | 366,982,233 | 188,345,737 | 87,759,258 | 8,454,576 | 890,846 | 37,812 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 701,606 | 184,261,691 | 80,038,762 | 0 | 0 | 0 |
| Trade Creditors | 13,940 | 1,214,418 | 325,051 | 186,157 | 429,188 | 687,234 | 440,369 | 49,712 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 7,840,230 | 0 | 175,022 | 0 |
| other short term finances | 398,902,572 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 23,541,819 | 13,130,041 | 51,575,400 | 113,222 | 339,026 | 461,618 | 545,019 | 0 |
| total current liabilities | 422,458,331 | 14,344,459 | 52,602,057 | 184,561,070 | 88,647,206 | 1,148,852 | 1,160,410 | 49,712 |
| loans | 43,747,160 | 852,744,414 | 324,810,054 | 8,794,378 | 0 | 7,694,581 | 0 | 0 |
| hp & lease commitments | 317,729 | 328,070 | 338,381 | 347,574 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 8,212,878 | 8,122,510 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 25,980,019 | 430,433,462 | 324,471,673 | 8,446,804 | 0 | 7,694,581 | 0 | 0 |
| total liabilities | 448,438,350 | 444,777,921 | 377,073,730 | 193,007,874 | 88,647,206 | 8,843,433 | 1,160,410 | 49,712 |
| net assets | -41,934,892 | -24,143,730 | -10,091,497 | -4,662,137 | -887,948 | -388,857 | -269,564 | -11,900 |
| total shareholders funds | -41,934,892 | -24,143,730 | -10,091,497 | -4,662,137 | -887,948 | -388,857 | -269,564 | -11,900 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -2,813,687 | -18,191,053 | -4,949,310 | -3,300,691 | -499,091 | |||
| Depreciation | 18,426,201 | 18,690,574 | 2,862,412 | 2,905,870 | 417,558 | 0 | 0 | 0 |
| Amortisation | 961,535 | 764,286 | 633,594 | 417,558 | 4,456 | 0 | 0 | 0 |
| Tax | 1,221,330 | 7,661,213 | 0 | 0 | 0 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 5,252,063 | 14,685,697 | 4,998,008 | -5,234,564 | 2,524,331 | 3,539,426 | 20,135 | 32,296 |
| Creditors | -1,200,478 | 889,367 | 138,894 | -243,031 | -258,046 | 246,865 | 390,657 | 49,712 |
| Accruals and Deferred Income | 10,411,778 | -38,445,359 | 51,462,178 | -225,804 | -122,592 | -83,401 | 545,019 | 0 |
| Deferred Taxes & Provisions | 90,368 | 8,122,510 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 21,844,984 | -35,194,159 | 45,149,760 | 4,788,466 | -2,982,046 | |||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | -701,606 | -183,560,085 | 104,222,929 | 80,038,762 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -7,840,230 | 7,840,230 | -175,022 | 175,022 | 0 |
| Other Short Term Loans | 398,902,572 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -808,997,254 | 527,934,360 | 316,015,676 | 8,794,378 | -7,694,581 | 7,694,581 | 0 | 0 |
| Hire Purchase and Lease Commitments | -10,341 | -10,311 | -9,193 | 347,574 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -16,198,805 | -3,522,393 | -480,050 | -468,759 | 0 | -17,110 | -6,183 | |
| cash flow from financing | -426,303,828 | 523,700,050 | 131,966,348 | 105,051,153 | 80,184,411 | |||
| cash and cash equivalents | ||||||||
| cash | 1,689,999 | 2,041,296 | 1,361,426 | -6,782,727 | 9,434,522 | -88,470 | 131,846 | 5,516 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,689,999 | 2,041,296 | 1,361,426 | -6,782,727 | 9,434,522 | -88,470 | 131,846 | 5,516 |
P&L
December 2022turnover
48.3m
+151%
operating profit
-2.8m
-85%
gross margin
2.1%
-102.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-41.9m
+0.74%
total assets
406.5m
-0.03%
cash
7.8m
+0.28%
net assets
Total assets minus all liabilities
kincardine offshore windfarm limited company details
company number
SC475345
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
April 2014
age
10
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
c/o cms cameron mckenna nabarro, 4th floor, saltire court, edinburgh, EH1 2EN
last accounts submitted
December 2022
kincardine offshore windfarm 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 did not find charges/mortgages relating to kincardine offshore windfarm limited.
kincardine offshore windfarm limited Companies House Filings - See Documents
| date | description | view/download |
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