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NORTHERN OPERATIONS LTD.
NUF
Active
Org 923154868
Nordbøgata 4, 4006 Stavanger
Support activities for petroleum and natural gas extraction · NACE 0910
Est. 2019
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2021
NOK 51,9M
-42% vs 2020
EBITDA margin
-27.1%
-32% vs 2020
Equity ratio
-11.3%
Financial strength
Net profit 2021
NOK 4,6M
+181% vs 2020
EBITDA — year on year
NOK millions
0M
-4M
-9M
-13M
-18M
-4M
2019
-11M
-175%
2020
-14M
-27%
2021
Key figures
Annual report 2021
Revenue
NOK 51,9M
-42%
EBITDA
NOK -14,1M
-32%
Net profit
NOK 4,6M
+181%
Total assets
NOK 36,1M
-41%
Equity
NOK -4,1M
+53%
Employees
0
—
Company information
Legal name
NORTHERN OPERATIONS LTD.
Org number
923154868
Legal form
Norskregistrert Utenlandsk Foretak
NACE code
0910 · Support activities for petroleum and natural gas extraction
Founded
17. august 2019
Share capital
—
Employees
0
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Company purpose
Bergverksdrift og utvinning. Boretjenester tilknyttet utvinning av råolje og naturgass.
Contact
Address
Nordbøgata 4, 4006 Stavanger
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Companies in Support activities for petroleum and natural gas extraction
Companies in Stavanger
All Norway companies
Revenue
NOK millions
0M
26M
52M
78M
103M
13M
2019
90M
2020
52M
2021
EBITDA
NOK millions
0M
-1M
-2M
-3M
-5M
-4M
2019
-11M
2020
-14M
2021
Income statement
NOK thousands
Item
2019
2020
2021
Revenue
13 293
89 888
51 885
Staff expenses
−0
−0
−0
EBITDA
−4 202
−10 622
−14 061
Depreciation & amort.
−0
−0
−0
EBIT
−4 202
−10 622
−14 061
Net financials
297
3 141
21 367
Profit before tax
−3 905
−7 482
7 307
Tax
−931
−1 732
−0
Net profit
−2 974
−5 750
4 644
Balance sheet
NOK thousands
Item
2019
2020
2021
Total assets
47 495
60 795
36 091
Equity
−2 974
−8 724
−4 080
Long-term debt
15 190
308
0
Short-term debt
35 279
69 211
40 170
Total debt
50 469
69 519
40 170
Financial ratios
5-year trend
EBITDA margin
-27.1%
This company
15.8%
Market median
-272% vs market
2019
2021
Equity ratio
-11.3%
This company
38.2%
Market median
-130% vs market
2019
2021
Return on equity
464409000.0%
This company
18.4%
Market median
+2523961857% vs market
2019
2021
Net profit margin
9.0%
This company
8.1%
Market median
+11% vs market
2019
2021
Asset turnover
1.44×
This company
1.12×
Market median
+29% vs market
2019
2021
Debt / equity
9.85×
This company
0.62×
Market median
-1489% vs market
2019
2021
Annual reports & filings
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
MR
Michael Richard Ferguson
Chief Executive Officer
Chief Executive Officer
2021
Former (1)
HM
Henrik Michael Hansen
Chief Executive Officer
Chief Executive Officer
2019 – 2021
Board of directors
Non-executive oversight
No data on file.
Shareholders
As of last annual report
No shareholder data available.
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of NORTHERN OPERATIONS LTD. also hold positions in
0
other companies.
Person
Role here
Other companies
Henrik Michael Hansen
Chief Executive Officer
0 companies
Michael Richard Ferguson
Chief Executive Officer
0 companies