REACH SUBSEA AS
Home - Reach Subsea
Keywords
crude oilnatural gasassemblydisassemblyinspectionrepairmaintenance (irm)insulationsurface treatmentscaffolding (iso)heatingventilationair conditioning (hvac)seabedcontrol cablesrisersflow pipesfloating tankersfpsodiving operationsunderwater exploration (rov)pipescablesengineeringproject activitiesliquefactionregasificationfirefighting
Links
Organization
- CEO
- JA
Jostein Alendal1966
- Chairman of the board
- JA
Jostein Alendal1966
- Years since formation
- 17 years
- since Oct 29, 2008
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 278
Ownership
- Number of shares and share classes
- 1,000
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2023
- 1,864,909,992
- NOK
- Annual total result 2023
- 227,731,119
- NOK
- Total equity 2023
- 387,704,509
- NOK
Last update: Oct 14, 2024
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
JA 1966 | Managing Director/CEO | 1.11 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
JA 1966 | Chairman | 1.11 % indirectly |
| Board Member | - | |
ÅJ 1968 | Board Member | - |
JS 1973 | Board Member | - |
AH 1980 | Board Member | - |
| Alternate Member | - | |
| Alternate Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
AO 1959 | - | 3.96 % indirectly |
LJ 1955 | - | 1.64 % indirectly |
EB 1971 | - | 1.19 % indirectly |
SB 1976 | - | 1.19 % indirectly |
RB 1981 | - | 1.19 % indirectly |
JA 1966 | Managing Director/CEO, Chairman | 1.11 % indirectly |
TA | - | 1.06 % indirectly |
ØR 1951 | - | 1.05 % indirectly |
Last update: Aug 31, 2023
Ownership
Company shareholders
| Name | Share class | Number of shares | Share |
|---|---|---|---|
| Ordinary shares | 1,000 | 100 % |
Shares owned by the REACH SUBSEA AS
| Name | Share class | Number of shares | Share |
|---|---|---|---|
| Ordinary shares | 30 | 100 % | |
| Ordinary shares | 3,000 | 100 % | |
| Ordinary shares | 49,000 | 100 % | |
| Ordinary shares | 2,994 | 49.9 % |
Last update: May 24, 2024
Group structure
- Total operating income 2023: NOK 21,157,000Operating profit 2023: NOK -6,137,000Employees: 0
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 1,864,909,992 | 824,316,389 | 619,796,794 |
Annual Total Result | 227,731,119 | 66,731,320 | 58,401,264 |
Total assets | 1,339,581,809 | 728,655,502 | 408,105,119 |
Total liabilities | 951,877,299 | 495,358,874 | 250,402,527 |
Total equity | 387,704,509 | 233,296,628 | 157,702,591 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 1,864,909,992 | 824,316,389 | 619,796,794 |
Total operating costs | 1,567,988,200 | 737,988,283 | 544,632,897 |
Operating result | 296,921,792 | 86,328,106 | 75,163,897 |
Financial income/costs | -8,835,387 | -283,098 | -172,233 |
Profit before tax | 288,086,405 | 86,045,009 | 74,991,664 |
Total tax & extraordinary income/cost | 60,355,286 | 19,313,689 | 16,590,400 |
Annual Total Result | 227,731,119 | 66,731,320 | 58,401,264 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 583,446,978 | 359,862,096 | 109,734,345 |
Total current assets | 756,134,830 | 368,793,406 | 298,370,774 |
Total assets | 1,339,581,809 | 728,655,502 | 408,105,119 |
Short term debt | 884,607,443 | 480,146,015 | 237,667,532 |
Long term debt | 67,269,856 | 15,212,859 | 12,734,995 |
Total liabilities | 951,877,299 | 495,358,874 | 250,402,527 |
Contributed capital | 216,129,810 | 216,129,810 | 157,702,591 |
Retained earnings | 171,574,699 | 17,166,818 | 0 |
Total equity | 387,704,509 | 233,296,628 | 157,702,591 |
Total equity and liabilities | 1,339,581,809 | 728,655,502 | 408,105,118 |
Classification
Category
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises
Standard industrial classification
B
Main industrial area
Mining and quarrying
09
Activity
Mining support service activities
09.1
Main industrial group
Support activities for petroleum and natural gas extraction
09.10
Industrial group
Support activities for petroleum and natural gas extraction
09.109
Industrial group
Other support activities for petroleum and natural gas extraction