How much does Orbital Marine Power Limited make?

Orbital Marine Power Limited reported revenue of £189k and a loss of £4.4m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Orbital Marine Power Limited have?

Orbital Marine Power Limited reported an average of 38 employees in the year to 31 Dec 2023.

Is Orbital Marine Power Limited profitable?

No — Orbital Marine Power Limited reported a loss of £4.4m in the year to 31 Dec 2023.

Company No. SC235066 · Incorporated 7 Aug 2002

Orbital Marine Power Limited

Registered name: ORBITAL MARINE POWER LIMITED

Orbital Marine Power Limited made £189k revenue and a £4.4m loss in the year to 31 Dec 2023. read from filing text

Orbital Marine Power Limited’s revenue grew 18% to £189k in the year to 31 Dec 2023, with a loss of £4.4m and 38 employees. The company is classified under “other business support service activities” and is based in Kirkwall; we hold 2 years of its filed accounts.

Full P&L filedSection N · Administrative and support servicesSIC 82990Other business support service activities n.e.c.

Status: Active
Location: Kirkwall, Scotland
Age: 24 yrs · since 2002
Type: Private Limited Company

Latest accounts · year to 31 Dec 2023

Key figures

Independent

Revenue

£189k

Growth ▲18.2%

Profit

−£4.4m

Growth —

Profit margin

−2337%

Gross −1174%

Employees

Change ▲5.6%

Profit / employee

−£116k

Revenue/employee £5k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Dec 2022	31 Dec 2023
Disclosure	Full P&Lread from filing text	Full P&Lread from filing text
Profit & loss
Revenue (turnover)	£160k	£189k
Cost of sales	£1.4m	£2.4m
Gross profit	−£1.2m	−£2.2m
Operating profit	−£2.4m	−£4.5m
Profit before tax	−£3m	−£4.8m
Profit after tax	−£2.5m	−£4.4m
Profit (best available)	−£2.5m	−£4.4m
Employees (average)	36	38
Ratios
Profit margin	−1561%	−2337%
Gross margin	−745.3%	−1174%
Revenue per employee	£4.5k	£5k
Profit per employee	−£69.5k	−£116k
Growth (year on year)
Revenue growth	—	▲18.2%
Headcount growth	—	▲5.6%
Balance sheet — indirect signals, not revenue
Cash at bank	£2.9m	£191k
Net assets	£6.2m	£2.1m
Fixed assets	£3.3m	£3.5m
Current assets	£8.4m	£5.5m
Debtors	£38.8k	£1.6k
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024

Derived from the latest filing

How the business works

Profit margin: −2337%; Profit ÷ revenue.
Gross margin: −1174%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £5k; Revenue ÷ average employees.
Profit per employee: −£116k; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 1853%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.8%; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼65%; Now £2.1m
Cash at bank: ▼93%; Now £191k
Headcount: ▲6%; Now 38
Deferred income: —; Now —
Fixed assets: ▲7%; Now £3.5m

Corporate ownership

Group structure

Subsidiaries (5)

Orbital International Projects (Canada) LimitedFigures not disclosed
Orbital Projects (Holdings) LimitedFigures not disclosed
Orbital Projects 10 LimitedFigures not disclosed
Orbital Projects 11 LimitedFigures not disclosed
Orbital Projects 12 LimitedFigures not disclosed

Minority corporate shareholders

Scottish Enterprise (registered outside the UK register) 25–50%

From the Persons with Significant Control register (corporate controllers only).

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£4.4m), from the Companies House accounts bulk data published Jun 2024. Spotted an error? Request a correction.

Updated from Companies House on 12 Oct 2026

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.