Seatec Uk Limited

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Seatec Uk Limited - overview

Established

1987

Location

Glasgow, -, UK

Primary Industry

Business Support Services

About

SeaTec UK Limited is a provider of maritime technical services, focused on supporting ship owners and operators in enhancing safety management systems for their vessels through specialized engineering and consulting services. SeaTec was founded in 1987 and specializes in maritime technical services, assisting ship owners and operators with safety management systems. The company is headquartered in the UK and operates globally, providing services in over 300 locations across Europe, Asia, and the Americas. Leif Dokken is the current CEO, steering the company towards innovative solutions in maritime asset management.


SeaTec is a prominent provider of maritime technical services, assisting ship owners, managers, and operators in implementing effective safety management systems for their vessels. The company offers a comprehensive range of services, including new builds, docking attendance, vessel inspections, and Integrated Health Management (IHM). By providing engineering and consulting services throughout the entire life cycle of maritime assets, SeaTec addresses critical issues such as asset maintenance, operational safety, and value optimization. Their client base spans various industries, including cruise lines, offshore drilling companies, shipping fleets, and naval operators, with services extended to over 300 locations globally, including key markets in Europe, Asia, and the Americas.


The company’s integrated operations ensure clients benefit from a single point of contact for logistics and support, enhancing efficiency in managing maritime assets. SeaTec generates revenue through multiple streams linked to its service offerings, primarily focusing on B2B transactions with maritime operators and companies in need of technical support. The revenue model is structured around service contracts, where clients engage SeaTec for specific projects, inspections, and maintenance services, often at predetermined rates based on service complexity and duration. Revenue from projects such as new builds and inspections derives from fixed contracts or performance-based pricing, ensuring that clients receive tailored solutions to meet their operational needs.


The company collaborates with a vast network of approved partners, facilitating additional revenue opportunities through expanded service offerings and joint ventures. Pricing plans are structured to reflect the bespoke nature of services, with specific costs determined during the contracting phase to align with client expectations and project requirements.


Primary Industry

Business Support Services

Sub Industries

Business Support Services

Website

www.seatec-services.com

Total Amount Raised

Subscriber access only

Seatec Uk Limited - timeline of key events

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Seatec Uk Limited - financials

Fiscal Year EndedDec 31, 2017Dec 31, 2018Dec 31, 2019Dec 31, 2020Dec 31, 2021Dec 31, 2022
Revenue (USD)46,055,00050,333,00044,042,000---
% Revenue Growth (YoY)-9.3%(12.5%)---
EBITDA (USD)2,793,0008,441,0003,057,000---
Operating Income (USD)2,502,0007,409,0001,576,000---
Operating Margin5.4%14.7%3.6%---
% EBITDA Margin6.1%16.8%6.9%---
NET Income (USD)1,628,0005,802,0001,329,000---
% Net Margin3.5%11.5%3.0%---

Seatec Uk Limited - employee data

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