Pharos Offshore Group

As an integrated provider of a range of services; including engineering solutions for subsea cable installation, maintenance and repair, Pharos Offshore has 3 key business areas; Expertise, Equipment and Engineering, each led by a dedicated Business Manager. Our team of professional engineers have designed, built and managed many of the industries iconic ROVs and trenching systems over the past two decades. We provide a unique set of skills with hands on experience enabling us to offer world-class engineering solutions to our client base. Pharos Offshore utilise rapid prototyping and engineering simulations to reduce development time and design cycles. We also routinely use proven Commercial Off The Shelf (COTS) components and open architecture systems for conceptual and final designs. Utilising these reduces manufacturing and operational risks and offers our clients reduced maintenance and operation expenses.
Company Growth (employees)
Type
Private
HQ
Cheltenham, GB
Founded
2003
Size (employees)
38 (est)+3%
Pharos Offshore Group was founded in 2003 and is headquartered in Cheltenham, GB

Pharos Offshore Group Office Locations

Pharos Offshore Group has an office in Cheltenham
Cheltenham, GB (HQ)
35 St George's Rd

Pharos Offshore Group Data and Metrics

Summary Metrics

Founding Date

2003

Pharos Offshore Group Financial Metrics

Pharos Offshore Group's revenue was reported to be £5.4 m in FY, 2014
£, GBP

Revenue (FY, 2014)

5.4 m

Gross profit (FY, 2014)

172.7 k

Gross profit margin (FY, 2014), %

3%

Net income (FY, 2014)

(1.3 m)

Cash (31-Mar-2016)

14.7 k
£, GBPFY, 2014

Revenue

5.4 m

Cost of goods sold

5.3 m

Gross profit

172.7 k

Gross profit Margin, %

3%

Operating expense total

1.6 m

Pre tax profit

(1.5 m)

Net Income

(1.3 m)
£, GBPFY, 2014FY, 2015FY, 2016

Cash

260.2 k714.6 k14.7 k

Accounts Receivable

319.1 k106.2 k589.7 k

Current Assets

2 m1.4 m1.1 m

PP&E

1.2 m3.8 m1.1 m

Goodwill

6 m

Total Assets

9.2 m5.2 m2.3 m

Accounts Payable

439.9 k2.8 m1.2 m

Current Liabilities

1.5 m2.8 m1.2 m

Retained Earnings

(1.3 m)

Total Equity

5.9 m2 m1 m

Financial Leverage

1.6 x2.6 x2.2 x
£, GBPFY, 2014

Cash From Operating Activities

(695 k)

Cash From Financing Activities

(608.7 k)

Income Taxes Paid

266.9 k
Y, 2016

Financial Leverage

2.2 x

Pharos Offshore Group Online and Social Media Presence

Pharos Offshore Group Company Life and Culture

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