Production of electricity · Kirkwall, Orkney
Orbital Marine Power (Orkney)
Orbital Marine Power (Orkney) PLC
Public limited company registered in Kirkwall, classed under “Production of electricity”.
Headline figures
FY to Dec 2023 · Company only
Turnover
For subscribers
Profit after tax
−£1.8m
Net assets
For subscribers
Cash
For subscribers
Employees
For subscribers
Retained reserves
For subscribers
What the numbers say
3 findings from the figures, in plain English
Written by rules from the figures on this page. Not a forecast or a credit opinion.
History
| £ | 2021 | 2022 | 2023 |
|---|---|---|---|
| Profit after tax | −£1.8m | ||
| Turnover | |||
| Net assets | |||
| Cash | |||
| Employees | |||
| Retained reserves |
Every figure for all 3 years
“—” means we did not find the figure in a source; it is never filled with an estimate.
Balance sheet and ratios
From the filed balance sheets · £
| Balance sheet | 2021 | 2022 | 2023 |
|---|---|---|---|
| Current assets | |||
| of which debtors | |||
| of which cash | |||
| Creditors due within a year | |||
| Net current assets | |||
| Net assets | |||
| Ratios | |||
| Profit marginProfit after tax as a share of turnover | |||
| Return on equityProfit after tax as a share of net assets | |||
| Current ratioCurrent assets for every £1 owed within a year | |||
| Cash ratioCash for every £1 owed within a year | |||
| Creditors to assetsEverything owed to creditors as a share of fixed plus current assets | |||
| Debtor daysDays of turnover owed by customers at the year end | |||
6 balance-sheet lines and 6 ratios, every year
A ratio appears only for years where every line it needs was filed. Lines are as tagged in the accounts; nothing is added up or estimated.
Questions people ask
›What does Orbital Marine Power (Orkney) do?
Public limited company registered in Kirkwall, classed under “Production of electricity”. In its own words: “Orbital Marine Power is an innovative Scottish engineering company focused on the development of a low-cost, predictable, scalable floating tidal technology.”
›How much turnover does Orbital Marine Power (Orkney) make?
Answered in the full report
›Is Orbital Marine Power (Orkney) profitable?
No: it made a loss after tax of £1.8m in the year to 31 December 2023, its latest filed accounts.
›How many people work at Orbital Marine Power (Orkney)?
Answered in the full report
›Where is Orbital Marine Power (Orkney) based?
Its registered office is Innovation Centre - Orkney Hatston Pier Road, Crowness Business Park, Kirkwall, Orkney, KW15 1ZL, in Kirkwall, Orkney.
›When was Orbital Marine Power (Orkney) founded?
Orbital Marine Power (Orkney) PLC was incorporated on 26 September 2018.
›Is Orbital Marine Power (Orkney) still trading?
The register lists Orbital Marine Power (Orkney) PLC as active.