Cortez Subsea Limited in Aberdeen, AB10 1UR

Description

Data updated on: 01-11-2023

Cortez Subsea is a company with it's headquarters at AB10 1UR Aberdeen at 12 Carden Place. The firm was set up in 2010 and is established under the registration number SC385169. The firm has been actively competing on the UK market for 14 years now and the official status is liquidation. Founded as Mountwest Accredit, this business used the name until 2010-12-08, then it got changed to Cortez Subsea Limited. This enterprise's principal business activity number is 9100 and has the NACE code: Support activities for petroleum and natural gas extraction. The company's most recent annual accounts describe the period up to 31st December 2020 and the latest confirmation statement was filed on 10th September 2021.

Previous company's names
Cortez Subsea Limited 2010-12-08
Mountwest Accredit Limited 2010-09-10

Financial data based on annual reports

Profit & Loss
Date of Accounts	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31
Currency
Net Worth	-480 520	-1 292 637

Balance Sheet
Cash Bank In Hand	22 113	39 050
Cash Bank On Hand		39 050	2 880 611	743 453	41 672	66 338	20 237
Current Assets	1 297 939	1 005 185	4 094 295	3 315 982	1 984 898	2 933 492	2 904 114
Debtors	1 275 826	966 135	1 213 684	2 556 897	1 943 226	2 867 154	2 883 877
Net Assets Liabilities		-1 292 637	-1 195 454	-303 736	859 121	573 618	-281 040
Net Assets Liabilities Including Pension Asset Liability	-480 520	-1 292 637
Other Debtors		30 685	49 369	422 838	664 392	1 404 896	1 146 453
Property Plant Equipment		55 249	102 005	1 881 828	1 683 861	2 217 732	2 026 154
Tangible Fixed Assets	81 728	55 249
Total Inventories				15 632

Capital & Reserves
Called Up Share Capital	123 695	123 695
Profit Loss Account Reserve	-880 641	-1 692 758
Shareholder Funds	-480 520	-1 292 637

Other Financial Data
Accounting Period Subsidiary	2 014	2 015
Accumulated Depreciation Impairment Property Plant Equipment		59 446	88 009	140 061	338 628	532 942	821 132
Amounts Owed By Group Undertakings				12 317	144 137
Average Number Employees During Period			5	7	7	17	12
Creditors		1 321 470	4 479 138	1 101 040	747 534	329 576	356 450
Creditors Due After One Year	816 785	1 321 470
Creditors Due Within One Year	1 043 405	1 031 604
Finance Lease Liabilities Present Value Total				756 866	375 826	381 295
Fixed Assets	81 731	55 252	102 008	1 972 126	1 774 159	2 308 029	2 116 452
Increase From Depreciation Charge For Year Property Plant Equipment			28 563		159 525	199 675	288 191
Investments Fixed Assets	3	3	3	90 298	90 298	90 298	90 298
Investments In Group Undertakings				90 297	90 297	90 297	90 297
Net Current Assets Liabilities	254 534	-26 419	3 181 676	-1 174 822	-167 504	-1 404 835	-2 041 042
Number Shares Allotted		123 695
Other Creditors		1 321 470	4 479 138	344 174	371 708	329 576	306 450
Other Investments Other Than Loans		3	3	1	1	1	1
Other Taxation Social Security Payable		66 342	51 184	25 645	23 605	31 134	110 622
Par Value Share		1
Property Plant Equipment Gross Cost		114 695	190 014	2 021 889	2 022 489	2 750 673	2 847 286
Share Capital Allotted Called Up Paid	123 695	123 695
Share Premium Account	276 426	276 426
Tangible Fixed Assets Cost Or Valuation	116 812	114 695
Tangible Fixed Assets Depreciation	35 084	59 446
Tangible Fixed Assets Depreciation Charged In Period		26 479
Tangible Fixed Assets Depreciation Decrease Increase On Disposals		2 117
Tangible Fixed Assets Disposals		2 117
Total Additions Including From Business Combinations Property Plant Equipment			75 319		600	772 552	96 613
Total Assets Less Current Liabilities	336 265	28 833	3 283 684	797 304	1 606 655	903 194	75 410
Trade Creditors Trade Payables		898 766	806 436	2 177 806	1 073 367	1 691 855	2 557 517
Trade Debtors Trade Receivables		935 450	1 164 315	2 121 742	1 134 697	1 462 258	1 737 424
Amounts Owed To Group Undertakings						134 786	40 666
Bank Borrowings Overdrafts							50 000
Disposals Decrease In Depreciation Impairment Property Plant Equipment						5 361
Disposals Property Plant Equipment						44 368