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FAROE PETROLEUM PLC

Company TypePLC
Company Number04622251
Incorporated2002-12-19
IndustryExtraction of crude petroleum
Websitewww.fp.fo
Phone Number01224 650920
Net Profit MarginPost-Tax Profit / Revenue (%)

Not Verified

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Summary

FAROE PETROLEUM PLC was formed on the 19th December 2002 (filed on the 23rd June 2016) , and are based in Aberdeenshire, 24 Carden Place. They are currently rated C and are considered to represent an average risk score. Their credit score was last updated on 16th June 2015 when it was downgraded to the current C from A. Companies house classifies them as Group. This information was last updated on the 4th July 2016.

In 2015, they made a post-tax profit of £-52,918,000 on a turnover of £112,980,000 (down 4% from 2014) .

Addresses

Registered address

30 Crown Place
London
EC2A 4ES

Trading address

24 Carden Place
Aberdeen
Aberdeenshire
AB10 1UQ

Financials

31st December 2015 31st December 2014 31st December 2013 31st December 2012 31st December 2011
Cash £91,515,000 £92,571,000 £40,591,000 £72,891,000 £111,589,000
Tangible net worth £118,835,000 £117,145,000 £49,809,000 £86,592,000 £131,235,000
Current liabilities £88,883,000 £99,998,000 £73,981,000 £93,193,000 £50,097,000
Current assets £171,217,000 £185,397,000 £130,118,000 £181,643,000 £175,810,000
31st December 2015 31st December 2014 31st December 2013 31st December 2012 31st December 2011
Solvency ratios
Current ratio 1.93 1.85 1.76 1.95 3.51
Efficiency ratios
Return on assets -0.14 -0.11 0.03 -0.01 0.12
Return on capital employed -0.41 -0.43 0.03 -0.08 0.04
Gearing ratios
Debt to equity ratio 7.30 8.87 10.35 10.79 7.05
Equity ratio 0.07 0.06 0.05 0.05 0.06
Debt ratio - - - - -
Other ratios
Debtor days - - - - -
Interest cover -19.17 -29.02 1.68 - 4.67

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