ROVOP: Knowledge In Depth, Service Above All.
ROVOP is a specialist provider of ROV Services. We are focused 100% on ROV services. We are not an 'integrated subsea company' and do not compete with our clients. We are completely independent and will go the extra mile to provide clients with the best possible service.
Our personnel have been hand selected as being the most experienced and competent available from through out the industry. On joining the team, each individual is inducted into the ROVOP Academy to ensure that they are provided with the support and training needed to achieve their career goals.
ROVOP has its own fleet of the most advanced Work Class and Light Electric Work Class vehicles available. These include the Schilling UHD Gen III 250hp, Schilling HD 150hp, SAAB Seaeye Panther XT Plus and the SAAB Seaeye Cougar XT with smaller vehicles provided if required. ROVOP seeks to be the ROV company of choice based on quality of people, equipment and service.

Company Growth (employees)
Type
Private
HQ
Aberdeenshire, GB
Founded
2011
Size (employees)
103 (est)
Website
rovop.com
ROVOP was founded in 2011 and is headquartered in Aberdeenshire, GB

ROVOP Office Locations

ROVOP has an office in Aberdeenshire
Aberdeenshire, GB (HQ)
Silvertrees Dr

ROVOP Metrics

Summary Metrics

Founding Date

2011

Total Funding

$15.8 m

Latest funding size

$15.8 m

Time since last funding

about 2 years

Investors

ROVOP's latest funding round in April 2015 was reported to be $15.8 m. In total, ROVOP has raised $15.8 m

ROVOP Financial Metrics

Revenue (2016)

£14.3 m

Revenue growth (2015-16), %

(17%)

Gross profit

£4.7 m

Gross profit margin (2016), %

33%

Net income (2016)

(£5.2 m)

Cash (30-Sep-2016)

£1.4 m
ROVOP's revenue was reported to be £14.3 m in FY, 2016 which is a 16.7% decrease from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

£10.2 m£15.4 m£17.2 m£14.3 m

Revenue growth, %

51%12%(17%)

Cost of goods sold

£5.5 m£8.3 m£10.1 m£9.6 m

Gross profit

£4.7 m£7.1 m£7.1 m£4.7 m

Gross profit Margin, %

46%46%41%33%

Operating expense total

£2 m£3.3 m£4.6 m£5.2 m

Pre tax profit

£2.3 m(£4.4 m)(£5.3 m)

Net Income

£1.9 m(£3.7 m)(£5.2 m)
FY, 2014FY, 2015FY, 2016

Cash

£496.6 k£1.4 m£1.4 m

Accounts Receivable

£3.9 m£2.3 m£5.1 m

Current Assets

£7.3 m£5 m£7.8 m

PP&E

£23.6 m£35.2 m£31.7 m

Total Assets

£30.9 m£40.2 m£39.5 m

Accounts Payable

£1 m£800.7 k£1.1 m

Current Liabilities

£8.1 m£8.5 m£8.7 m

Retained Earnings

£1.9 m(£3.7 m)(£5.2 m)

Total Equity

£4 m£283.3 k(£4.9 m)

Financial Leverage

7.7 x141.8 x-8.1 x
FY, 2014FY, 2015FY, 2016

Cash From Operating Activities

£2 m£4.3 m£54.6 k

Cash From Financing Activities

£13.9 m£14 m£2.8 m

Income Taxes Paid

(£391.1 k)£717.4 k£150.6 k

ROVOP Online Presence

ROVOP Company Life

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