Saltire Energy

The Saltire Energy Group provides high quality oilfield rental equipment throughout the world, manufactured and inspected to the highest standards and backed up by first class service and support. The quality of our equipment and the services we provide is unrivalled. Headquartered in Portlethen, Aberdeen, Saltire Energy comprises pressure control products and drilling tool products divisions. Saltire Energy was the only Scottish company to feature on the Sunday Times Fast Track ‘Ones to Watch’ list in 2014, in recognition of the significant growth and expansion the company has experienced in recent years. The continuous investment in new, innovative products has made Saltire Energy one of the leading drilling tool rental specialists for the oil producers of the world. We can supply individual stock items or a complete package of equipment to suit your requirements. Our knowledgeable and professional staff work closely with our clients to deliver the best possible results. Saltire Energy is committed to providing excellent service and adding value to customers’ operations. Saltire Energy takes its corporate social responsibility seriously within the communities in which the company operates. The Saltire in the Community programme was established in 2008 to provide potentially life changing opportunities for disadvantaged young people in the community, both on a local and international level.
Company Growth (employees)
Type
Private
HQ
Portlethen, GB
Founded
1986
Size (employees)
21 (est)
Saltire Energy was founded in 1986 and is headquartered in Portlethen, GB

Saltire Energy Office Locations

Saltire Energy has an office in Portlethen
Portlethen, GB (HQ)
Badentoy Rd

Saltire Energy Financials and Metrics

Summary Metrics

Founding Date

1986

Saltire Energy Financials

Saltire Energy's revenue was reported to be £29.9 m in FY, 2016 which is a 6% decrease from the previous period.
GBP

Revenue (FY, 2016)

29.9 m

Revenue growth (FY, 2015 - FY, 2016), %

(6%)

Gross profit (FY, 2016)

19.7 m

Gross profit margin (FY, 2016), %

66%

Net income (FY, 2016)

(28.1 m)

Cash (30-Jun-2016)

519.3 k
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

33 m36.3 m32 m29.9 m

Revenue growth, %

10%(12%)(6%)

Cost of goods sold

6.4 m9.3 m8.7 m10.2 m

Gross profit

26.6 m27 m23.3 m19.7 m
GBPFY, 2014FY, 2015FY, 2016

Cash

2 m1.2 m519.3 k

Accounts Receivable

7.4 m7.2 m5.4 m

Current Assets

13.5 m15.2 m11.8 m

PP&E

80.7 m97 m65.9 m
GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

24.3 m13.8 m18.5 m

Cash From Financing Activities

(13.9 m)(15.7 m)(19.3 m)

Income Taxes Paid

(3.1 m)(2.7 m)6.5 m
Y, 2016

Financial Leverage

3.1 x
Show all financial metrics

Saltire Energy's Web-traffic and Trends

Saltire Energy Company Life and Culture

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