How much does Orbital Marine Power (Orkney) PLC make?

Orbital Marine Power (Orkney) PLC reported revenue of £150k and a loss of £1.8m in the year to 31 Dec 2023, according to its accounts filed at Companies House.

How many employees does Orbital Marine Power (Orkney) PLC have?

Orbital Marine Power (Orkney) PLC reported an average of 0 employees in the year to 31 Dec 2023.

Is Orbital Marine Power (Orkney) PLC profitable?

No — Orbital Marine Power (Orkney) PLC reported a loss of £1.8m in the year to 31 Dec 2023.

Company No. SC609187 · Incorporated 26 Sep 2018

Orbital Marine Power (Orkney) PLC

Registered name: ORBITAL MARINE POWER (ORKNEY) PLC

Part of Abundance Security Trustee Ltd group

Orbital Marine Power (Orkney) PLC made £150k revenue and a £1.8m loss in the year to 31 Dec 2023. read from filing text

Orbital Marine Power (Orkney) PLC’s revenue fell 87% to £150k in the year to 31 Dec 2023, with a loss of £1.8m and 0 employees. The company is classified under “production of electricity” and is based in Kirkwall; we hold 2 years of its filed accounts.

Full P&L filedSection D · Electricity, gas, steam and air conditioning supplySIC 35110Production of electricity

Status: Active
Location: Kirkwall, Scotland
Age: 8 yrs · since 2018
Type: Public Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The company's immediate parent and controlling party is Orbital Project Holdings Limited. Orbital Marine Power Limited is the company's ultimate parent company. The registered office is Innovation Cen”

Latest accounts · year to 31 Dec 2023

Key figures

Small teamCash flow filed

Revenue

£150k

Growth ▼87.2%

Profit

−£1.8m

Growth —

Profit margin

−1201%

Gross 93.3%

Employees

Change —

Profit / employee

—

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)	£1.2m	£150k
Cost of sales	£59.6k	£10k
Gross profit	£1.1m	£140k
Operating profit	−£74.7k	−£1.5m
Profit before tax	−£209k	−£1.8m
Profit after tax	−£209k	−£1.8m
Profit (best available)	−£209k	−£1.8m
Employees (average)	—	0
Ratios
Profit margin	−17.9%	−1201%
Gross margin	94.9%	93.3%
Growth (year on year)
Revenue growth	—	▼87.2%
Balance sheet — indirect signals, not revenue
Cash at bank	£921k	£33.6k
Net assets	£5.7m	£3.9m
Fixed assets	£10.6m	£9.8m
Current assets	£2m	£1.2m
Debtors	£285k	£661
Deferred income	£335k	£317k
Cash from operations	−£807k	£404k
Source	FullAccounts · bulk data Jun 2024	FullAccounts · bulk data Jun 2024

Derived from the latest filing

How the business works

Profit margin: −1201%; Profit ÷ revenue.
Gross margin: 93.3%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: —; Revenue ÷ average employees.
Profit per employee: —; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 6541%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 211%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0.4%; 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: ▼32%; Now £3.9m
Cash at bank: ▼96%; Now £33.6k
Headcount: —; Now 0
Deferred income: ▼6%; Now £317k
Fixed assets: ▼7%; Now £9.8m

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

Abundance Security Trustee Ltdultimate parent75–100%
Orbital Marine Power (Orkney) PLCthis company

Bands show the share of ownership each company holds in the one below it.

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

Same industry, similar size

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit −£1.8m), from the Companies House accounts bulk data published Jun 2024. Spotted an error? Request a correction.

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