Ocean Kinetics
Providing welding and fabrication, machining and mechanical services, inspection, diving, ROV and survey work for the energy, renewables, fishing and aquaculture, decommissioning, salvage, power and utilities sectors.
| Date | Investors | Amount | Round |
|---|---|---|---|
£129k | Early VC | ||
| Total Funding | 000k | ||
| GBP | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (28 %) | (1 %) | 5 % | (11 %) | 24 % | 20 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 5 % | 5 % | 4 % | 6 % | 6 % | 18 % | 13 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
Ocean Kinetics operates as a multifaceted engineering firm specializing in marine works, metal fabrication, welding, and diving services. The company serves a diverse clientele across sectors such as oil and gas, renewables, fishing, aquaculture, and power utilities. With a strategic focus on decommissioning and emissions reduction, Ocean Kinetics leverages its facilities and skilled workforce to deliver comprehensive project management and design solutions. The business model revolves around providing specialized services, including non-destructive testing and inspection, which is unique in the Shetland region. Revenue is generated through contracts and projects that require expertise in challenging environments. The company's marine division is a core component, reflecting its origins and ongoing commitment to the sector. Ocean Kinetics is also a member of the International Rope Access Trade Association, underscoring its commitment to safety and industry standards.
Keywords: engineering, marine, fabrication, welding, diving, oil, gas, renewables, aquaculture, decommissioning
