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GLOBAL OTEC RESOURCES LTD
SUSTAINABLE WORKSPACES, COUNTY HALL, 5TH FLOOR, BELVEDERE ROAD, LONDON, SE1 7PBPrevious name: DESALINATION TUNNELS LIMITED (changed on 28-Jul-2017)
Company Number: 09778525
Incorporation date: 15-Sep-2015
Status: Active
Entity type: Private Limited Company
SIC codes:
42220 Construction of utility projects for electricity and telecommunications
SUMMARY
This company is 9.6 years old and is currently active. It is controlled by multiple entities. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -203.7 thousand but has improved from GBP -256.8 thousand in the previous year. Although the P&L is not published, we can infer from the Balance Sheet that Net Loss was GBP 282.6 thousand in the last reported period. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -995.9 thousand), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 10 other companies. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Jun-2025Accounts Filed: TOTAL EXEMPTION FULL (30-Sep-2023)
P&L Financials:
| Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
|---|
Balance Sheet Financials:
| Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
|---|---|---|---|---|---|---|---|---|---|
| 30-Sep-2024 | GBP | 444,875 | 604,681 | 810,911 | 1,173 | 791,066 | -995,928 | -203,689 | |
| 30-Sep-2023 | GBP | 37,658 | 67,629 | 337,443 | 1,143 | 455,370 | -713,360 | -256,847 | |
| 30-Sep-2022 | GBP | 43,052 | 45,511 | 47,613 | 1,143 | 455,370 | -377,494 | 79,019 | |
| 30-Sep-2021 | GBP | 11,719 | 12,143 | 38,181 | 1,051 | 197,885 | -77,352 | 121,584 | |
| 30-Sep-2020 | GBP | 616 | 20,814 | 21,424 | 1,040 | 197,885 | 18,375 | 217,300 | |
| 30-Sep-2019 | GBP | 18,327 | 45,559 | 68,221 | 1,040 | 197,885 | -217,526 | -18,601 | |
| 30-Sep-2018 | GBP | 193,439 | 194,539 | 204,809 | 1 | -6,076 | -6,075 | ||
| 30-Sep-2017 | GBP | 35 | 4,774 | -698 | |||||
| 30-Sep-2016 | GBP | 809 | 4,951 | 1 | -300 | -299 |
VALUATION EVENTS (BETA)
| Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
|---|---|---|---|---|---|---|
| 30-Sep-2024 | GBP | 2.56% | 335,726 | 12,791,161 | 13,126,887 | 12,717,757 |
| 30-Sep-2022 | GBP | 8.05% | 257,577 | 2,942,537 | 3,200,114 | 3,043,940 |
| 30-Sep-2021 | GBP | 1.05% | 11 | 1,040 | 1,051 | -5,122 |
| 30-Sep-2019 | GBP | 99.90% | 198,924 | 191 | 199,115 | -6,230 |
** Estimated based on average Cash and Debt levels during period
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
|---|
DIRECTORS
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
|---|---|---|---|---|---|---|---|
| Active | Neil Martin REYNOLDS | 01 Nov 2021 | Director | British | 5 - 4 | 0 (0.0%) | |
| Resigned | Hayden Grantley ASHFIELD | 11 Mar 2018 | 28 Nov 2021 | Director | British | 0 - 2 | 0 (0.0%) |
| Active | Dan GRECH | 15 Sep 2015 | Director | British | 1 - 2 | 1 (33.3%) |
Average tenure of active directors: 6.5 years
Average tenure of resigned directors: 3.7 years
Average active director Dissolution Rate: 16.7%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
|
Name
|
|||
|---|---|---|---|
| BIWATER HOLDINGS LIMITED (00929686) - Active | ✔ | ||
| BIWATER INTERNATIONAL LIMITED (00976157) - Active | ✔ | ||
| NETWORK RAIL INTERNATIONAL LIMITED (02938978) - Active | ✔ | ||
| HYDRO INDUSTRIES LIMITED (07364156) - Active | ✔ | ||
| HYBRISAN LTD (08663730) - Active | ✔ | ||
| ZING APPS LTD (08883761) - Dissolved | ✔ | ||
| THREE-SIXTY AQUACULTURE LIMITED (08914353) - Active | ✔ | ||
| UNIVERSAL SYNERGISTIC HOLDINGS LIMITED (09304285) - Active | ✔ | ||
| GLOBAL OTEC RESOURCES LTD (09778525) - Active | ✔ | ✔ | |
| NOBLE MARKETING LTD (10084595) - Active | ✔ | ||
| CAERSEGAN BARNS MANAGEMENT COMPANY LIMITED (11449592) - Active | ✔ |
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
GLOBAL OTEC RESOURCES LTD
no controlled companies
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
No Patents found
COMPETITORS
(Based on Sic code:
42220 Construction of utility projects for electricity and telecommunications)
| Company | Registered Address | Company Number | YE Date | Revenue GBP | Net Profit GBP | Other SIC codes |
|---|---|---|---|---|---|---|
| MORRISON UTILITY SERVICES LIMITED | ABEL SMITH HOUSE, GUNNELS WOOD ROAD, STEVENAGE, HERTFORDSHIRE, SG1 2ST | 04530602 | 2018-03-31 | 778,378,000 | 20,620,000 |
42910-Construction of water projects 42990-Construction of other civil engineering projects not elsewhere classified |
| AMEC FOSTER WHEELER NUCLEAR UK LIMITED | 305 BRIDGEWATER PLACE, BIRCHWOOD PARK, WARRINGTON, UNITED KINGDOM, WA3 6XF | 01120437 | 2017-12-31 | 138,549,000 | 2,748,000 |
71121-Engineering design activities for industrial process and production 71122-Engineering related scientific and technical consulting activities 71200-Technical testing and analysis |
| TRANT ENGINEERING LIMITED | RUSHINGTON HOUSE, RUSHINGTON, SOUTHAMPTON, HAMPSHIRE, SO40 9LT | 00769274 | 2014-12-31 | 99,532,444 | 1,033,206 |
42910-Construction of water projects 42990-Construction of other civil engineering projects not elsewhere classified |
| INTERSERVE INDUSTRIAL SERVICES LIMITED | HAWTHORN HOUSE 2ND FLOOR, WOODLANDS PARK, NEWTON-LE-WILLOWS, UNITED KINGDOM, WA12 0HF | 00444313 | 2017-12-31 | 76,836,000 | -4,524,000 |
43991-Scaffold erection 81100-Combined facilities support activities 81222-Specialised cleaning services |
| EXCALON LIMITED | 3125 THORPE PARK, LEEDS, ENGLAND, LS15 8ZB | 04450846 | 2018-04-30 | 34,442,530 | 0 | |
| WELINK ENERGY (U.K.) LIMITED | 3 HARDMAN SQUARE, SPINNINGFIELDS, MANCHESTER, ENGLAND, M3 3EB | 08905326 | 2017-12-31 | 12,840,000 | 0 | |
| EIRSCOT CIVIL ENGINEERING LIMITED | 72 INDUS ROAD, LONDON, ENGLAND, SE7 7BN | 05162398 | 2017-12-31 | 3,938,194 | 0 | |
| PRIOR CONSTRUCTION LIMITED | THE NOOK BELLS HILL ROAD, VANGE, BASILDON, ENGLAND, SS16 5JR | 09801090 | 2017-09-30 | 2,052,397 | 0 | |
| ELECTRICITY TRANSMISSION AND DISTRIBUTION SOLUTIONS LTD | 63 CASTLERIDGE DRIVE, GREENHITHE, ENGLAND, DA9 9WR | 08470831 | 2018-04-30 | 1,756,869 | 0 | |
| EIRSCOT ENGINEERING LIMITED | 72 INDUS ROAD, LONDON, ENGLAND, SE7 7BN | 04581567 | 2017-12-31 | 683,853 | 0 | |
| BOLEYN FORMWORK AND UTILITY SOLUTIONS LTD | 45 NURSERY LANE, WHITFIELD, DOVER, ENGLAND, CT16 3EX | 10212277 | 2018-06-30 | 195,534 | 0 | |
| O'LEARY UTILITIES LIMITED | HESKIN HALL FARM, WOOD LANE, HESKIN, PRESTON, PR7 5PA | 10075829 | 2018-03-31 | 130,470 | 0 | |
| J C DAVIES CONSULTING LIMITED | 2 CLOS GLYNDWR, COITY, BRIDGEND, WALES, CF35 6AX | 10511191 | 2018-12-31 | 107,338 | 0 | |
| GL C&I PROJECT SERVICES LTD | 36 MEDWAY COURT, AYLESFORD, KENT, ME20 7QN | 08844927 | 2019-01-31 | 105,404 | 0 | |
| GERALD CARTER LTD | 55 NORTHGATE, LOWESTOFT, SUFFOLK, ENGLAND, NR32 2RL | 10086817 | 2018-03-31 | 102,400 | 0 | |
| TELCOM SOLUTIONS LIMITED | 5 PROSPECT PLACE, MILLENNIUM WAY PRIDE PARK, DERBY, DERBYSHIRE, DE24 8HG | 03534395 | 2018-05-04 | 91,240 | 0 | |
| DAN ENGINEERING LIMITED | 22 PEVERILL ROAD, PERTON, WOLVERHAMPTON, ENGLAND, WV6 7PH | 08535863 | 2017-05-31 | 74,693 | 0 | |
| IVAN88 LTD | 234 THEOBALD STREET, BOREHAMWOOD, HERFORTHSHIRE, UNITED KINGDOM, WD6 4PE | 10835749 | 2018-06-30 | 68,145 | 0 | |
| NRG ELECTRICAL SERVICES LIMITED | 10 ISLAY CRESCENT, SALTCOATS, SCOTLAND, KA21 6HD | SC563888 | 2018-04-30 | 66,955 | 0 |
43210-Electrical installation |
| BTS-SOLUTIONS LTD | 19 GREENCROFT, LICHFIELD, ENGLAND, WS13 7JF | 10139870 | 2018-04-30 | 65,724 | 0 | |
| FANTELEKOM LTD | 15 ELM DRIVE, MOLD, FLINTSHIRE, WALES, CH7 1SF | 10306411 | 2018-07-31 | 63,751 | 0 | |
| BAROWFIELD LIMITED | 6 CYPRESS COURT, HAMILTON, SCOTLAND, ML3 7LU | SC408194 | 2019-03-31 | 36,650 | 0 | |
| TELECOM&IT-SOLUTIONS LTD | ASSEMBLY HOUSE, FLAT 2 SCHOOLGATE DRIVE, ST HELIER, MORDEN, ENGLAND, SM4 5BG | 10673016 | 2018-03-31 | 34,727 | 0 | |
| BROWN'S LABOUR SERVICES LIMITED | 1066 LONDON ROAD, LEIGH-ON-SEA, ESSEX, SS9 3NA | 09524943 | 2018-03-31 | 0 | 0 | |
| BUENAVISTA RENEWABLES UK LTD. | 27 OLD GLOUCESTER STREET, LONDON, UNITED KINGDOM, WC1N 3AX | 09556096 | 2018-12-31 | 0 | 0 | |
| KATANES FLOATING ENERGY LTD | C/O J M SIMPSON & CO, 1206 TOLLCROSS ROAD, GLASGOW, SCOTLAND, G32 8HH | SC545178 | 2018-12-31 | 0 | 0 | |
| P D E ENGINEERING LIMITED | FALCON HOUSE HIGH STREET, LITTLEBURY, SAFFRON WALDEN, ENGLAND, CB11 4TD | 08013134 | 2018-03-31 | 0 | 0 | |
| RAMSEY SOUND TIDAL LIMITED | TY DEDWIN, 16 STATION RAOD, PORT TALBOT, WALES, SA13 1JB | 10644807 | 2017-12-31 | 0 | 0 |
LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
| Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
|---|---|---|---|---|
| GLOBAL OTEC RESOURCES LTD | 0.7% | 3.6% | 7.3% | Medium |
| Other companies Active in the same sector | 2.1% | 5.8% | 11.3% | Medium |
| Age | 0.6% | 2.5% | 4.9% | Medium |
| Company Type | 0.7% | 3.7% | 7.4% | Medium |
| Accounts category | 0.5% | 2.1% | 4.2% | Medium |
| Accounting Month | 0.7% | 4.4% | 10.6% | Medium |
| Sic code count | 0.7% | 3.5% | 7.0% | Medium |
