hammerson plc

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hammerson plc Company Information

Share HAMMERSON PLC

Company Number

00360632

Directors

Carol Welch

Adam Metz

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Shareholders

shareholder name missing

martin leslie bull

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Group Structure

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Industry

Development of building projects

 +3

Registered Address

marble arch house, 66 seymour street, london, W1H 5BX

hammerson plc Estimated Valuation

£712.4m

Pomanda estimates the enterprise value of HAMMERSON PLC at £712.4m based on a Turnover of £119.4m and 5.97x industry multiple (adjusted for size and gross margin).

hammerson plc Estimated Valuation

£0

Pomanda estimates the enterprise value of HAMMERSON PLC at £0 based on an EBITDA of £-11.6m and a 14.15x industry multiple (adjusted for size and gross margin).

hammerson plc Estimated Valuation

£4.1b

Pomanda estimates the enterprise value of HAMMERSON PLC at £4.1b based on Net Assets of £2.5b and 1.65x industry multiple (adjusted for liquidity).

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Hammerson Plc Overview

Hammerson Plc is a live company located in london, W1H 5BX with a Companies House number of 00360632. It operates in the development of building projects sector, SIC Code 41100. Founded in April 1940, it's largest shareholder is shareholder name missing with a 100% stake. Hammerson Plc is a mature, mega sized company, Pomanda has estimated its turnover at £119.4m with declining growth in recent years.

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Hammerson Plc Health Check

Pomanda's financial health check has awarded Hammerson Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £119.4m, make it larger than the average company (£1.3m)

£119.4m - Hammerson Plc

£1.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (3.9%)

-6% - Hammerson Plc

3.9% - Industry AVG

production

Production

with a gross margin of 63.3%, this company has a comparable cost of product (57.8%)

63.3% - Hammerson Plc

57.8% - Industry AVG

profitability

Profitability

an operating margin of -12.2% make it less profitable than the average company (14%)

-12.2% - Hammerson Plc

14% - Industry AVG

employees

Employees

with 199 employees, this is above the industry average (5)

199 - Hammerson Plc

5 - Industry AVG

paystructure

Pay Structure

on an average salary of £176.9k, the company has a higher pay structure (£41.1k)

£176.9k - Hammerson Plc

£41.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £600k, this is more efficient (£195k)

£600k - Hammerson Plc

£195k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 84 days, this is later than average (30 days)

84 days - Hammerson Plc

30 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 119 days, this is slower than average (31 days)

119 days - Hammerson Plc

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Hammerson Plc

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 102 weeks, this is more cash available to meet short term requirements (21 weeks)

102 weeks - Hammerson Plc

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 43.1%, this is a lower level of debt than the average (66.7%)

43.1% - Hammerson Plc

66.7% - Industry AVG

HAMMERSON PLC financials

EXPORTms excel logo

Hammerson Plc's latest turnover from December 2023 is £119.4 million and the company has net assets of £2.5 billion. According to their latest financial statements, Hammerson Plc has 199 employees and maintains cash reserves of £474.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover119,400,000114,400,000116,900,000145,800,000180,700,000224,800,000320,600,000251,300,000236,000,000206,500,000176,000,000297,600,000305,900,000332,000,000351,500,000
Other Income Or Grants
Cost Of Sales43,800,00037,100,00049,700,00056,878,51621,900,00084,391,353118,772,44098,439,748113,455,351110,553,90694,653,142153,116,559154,983,936169,392,462281,200,000
Gross Profit75,600,00077,300,00067,200,00088,921,484158,800,000140,408,647201,827,560152,860,252122,544,64995,946,09481,346,858144,483,441150,916,064162,607,53870,300,000
Admin Expenses90,200,000178,300,000377,300,0001,753,021,484863,300,000189,408,647-383,572,440-282,639,748-710,255,351-700,153,906-354,253,142-82,616,559-257,283,936-557,592,462-268,300,000
Operating Profit-14,600,000-101,000,000-310,100,000-1,664,100,000-704,500,000-49,000,000585,400,000435,500,000832,800,000796,100,000435,600,000227,100,000408,200,000720,200,000338,600,000
Interest Payable72,000,00089,100,000113,000,00095,500,000105,300,000109,200,000125,300,000130,200,000122,200,000123,900,00095,000,00094,000,000115,900,000113,200,000129,000,000
Interest Receivable35,900,00026,100,00015,100,00023,300,00030,500,00014,500,00016,100,00012,400,00015,700,00022,100,0006,400,0006,500,0005,200,00011,500,00018,600,000
Pre-Tax Profit-50,700,000-164,000,000-408,000,000-1,736,300,000-779,300,000-173,300,000413,400,000322,800,000731,600,000703,100,000326,300,00093,500,000302,400,000620,200,000-453,100,000
Tax-700,000-200,000-1,300,000-500,000-1,900,000-1,800,000-1,800,000-1,900,000-1,600,000-1,000,000-700,000-400,000-700,000-700,000102,700,000
Profit After Tax-51,400,000-164,200,000-409,300,000-1,736,800,000-781,200,000-175,100,000411,600,000320,900,000730,000,000702,100,000325,600,00093,100,000301,700,000619,500,000-350,400,000
Dividends Paid35,900,000140,300,000135,700,00071,500,000198,900,00013,300,000193,600,000138,300,000165,200,000139,500,00092,300,00095,400,00024,100,000
Retained Profit-87,300,000-304,500,000-545,000,000-1,807,400,000-980,100,000-282,200,000194,800,000179,000,000561,600,000559,600,000325,600,00089,700,000243,400,000520,000,000-380,400,000
Employee Costs35,200,00042,000,00051,400,00048,900,00055,300,00052,100,00056,400,00053,600,00048,800,00044,700,00044,000,00044,900,00042,100,00037,400,00034,300,000
Number Of Employees199370494770768545558784692600584405380112457
EBITDA*-11,600,000-96,900,000-305,700,000-1,659,200,000-699,400,000-47,500,000587,500,000437,500,000834,500,000796,100,000437,100,000228,600,000409,900,000721,600,000339,900,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets3,770,100,0004,177,300,0004,367,300,0005,328,700,0006,702,900,0008,748,900,0009,522,000,0009,576,200,0008,770,300,0007,516,500,0006,578,600,0006,033,800,0006,043,500,0005,573,400,0005,380,800,000
Intangible Assets3,900,0009,500,000
Investments & Other3,767,300,0004,172,700,0004,269,700,0005,281,100,0006,686,200,0008,700,900,0009,475,900,0009,525,100,0008,670,600,0007,432,200,0006,465,400,0005,930,500,0005,934,700,0005,464,300,0005,308,900,000
Debtors (Due After 1 year)1,900,0003,200,00092,400,0003,400,0003,600,0003,800,00066,600,00045,200,000
Total Fixed Assets3,774,000,0004,186,800,0004,367,300,0005,328,700,0006,702,900,0008,748,900,0009,522,000,0009,576,200,0008,770,300,0007,516,500,0006,578,600,0006,033,800,0006,043,500,0005,573,400,0005,380,800,000
Stock & work in progress
Trade Debtors27,600,00023,400,00027,500,000105,900,00032,100,00043,700,00052,300,00052,400,00046,700,00036,400,00024,900,00053,200,00042,600,00038,900,00035,100,000
Group Debtors1,400,0008,300,000
Misc Debtors45,100,00054,200,00057,300,00063,500,00070,100,00058,200,00053,500,00071,300,00050,100,00053,200,00049,500,00069,100,00041,800,00067,600,000
Cash474,500,000227,400,000315,100,000462,600,00028,200,00031,200,000205,900,00074,300,00037,000,00028,600,00015,700,00057,100,000100,700,000126,200,000182,900,000
misc current assets5,200,00036,300,00075,300,0009,100,000488,000,00028,100,00037,300,00035,100,00034,000,00011,300,000212,600,000
total current assets553,800,000349,600,000546,600,000577,600,000612,500,000173,100,000353,700,000215,300,000189,000,000126,400,00093,800,000372,400,000212,400,000206,900,000285,600,000
total assets4,327,800,0004,536,400,0004,913,900,0005,906,300,0007,315,400,0008,922,000,0009,875,700,0009,791,500,0008,959,300,0007,642,900,0006,672,400,0006,406,200,0006,255,900,0005,780,300,0005,666,400,000
Bank overdraft211,100,000246,200,000158,000,000100,700,0004,400,000
Bank loan
Trade Creditors 14,300,00022,700,00017,000,00019,200,00013,100,00017,400,00026,500,00033,900,00023,900,00018,300,00011,000,00036,300,00023,100,00015,800,00059,400,000
Group/Directors Accounts19,700,000
other short term finances108,600,000117,300,0004,100,00062,900,000
hp & lease commitments1,300,0002,900,0002,500,000
other current liabilities116,900,000159,500,000160,500,000187,100,000181,900,000227,000,000236,800,000270,300,000212,300,000186,400,000159,500,000299,200,000222,400,000205,300,000170,600,000
total current liabilities241,100,000185,100,000180,000,000323,600,000218,800,000244,400,000263,300,000515,300,000236,200,000204,700,000416,700,000493,500,000346,200,000225,500,000292,900,000
loans3,121,400,0003,392,700,0003,802,100,0004,455,700,0005,154,300,0006,213,400,0006,881,500,0006,645,400,0006,121,200,0004,640,200,0004,105,400,0003,844,800,0003,993,600,0003,893,000,0004,559,100,000
hp & lease commitments37,300,00038,100,00036,400,00041,800,00036,900,00042,300,00038,900,00037,500,00032,500,00033,000,00034,900,00042,300,00017,600,00030,300,00022,800,000
Accruals and Deferred Income
other liabilities48,200,00048,500,00056,600,000103,200,000106,500,00087,000,00084,200,00096,000,00075,700,00072,500,00066,000,00064,100,00063,700,00056,100,00048,900,000
provisions15,400,00016,400,000800,000800,000800,0001,000,0001,000,0001,000,0001,000,0001,000,000800,0001,000,0001,600,0001,000,00042,600,000
total long term liabilities1,624,100,0001,764,900,0001,987,900,0002,373,800,0002,719,400,0003,244,700,0003,574,900,0003,419,200,0003,136,800,0002,393,100,0002,119,100,0001,987,000,0002,061,300,0002,003,100,0002,350,400,000
total liabilities1,865,200,0001,950,000,0002,167,900,0002,697,400,0002,938,200,0003,489,100,0003,838,200,0003,934,500,0003,373,000,0002,597,800,0002,535,800,0002,480,500,0002,407,500,0002,228,600,0002,643,300,000
net assets2,462,600,0002,586,400,0002,745,900,0003,208,800,0004,377,000,0005,432,600,0006,023,500,0005,775,600,0005,517,300,0004,973,700,0004,059,900,0003,851,200,0003,771,900,0003,480,000,0002,949,700,000
total shareholders funds2,462,600,0002,586,400,0002,745,900,0003,208,800,0004,377,000,0005,432,600,0006,023,500,0005,775,600,0005,517,300,0004,973,700,0004,059,900,0003,851,200,0003,771,900,0003,480,000,0002,949,700,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-14,600,000-101,000,000-310,100,000-1,664,100,000-704,500,000-49,000,000585,400,000435,500,000832,800,000796,100,000435,600,000227,100,000408,200,000720,200,000338,600,000
Depreciation600,0001,000,0004,400,0004,900,0005,100,0001,500,0002,100,0002,000,0001,700,0001,500,0001,500,0001,700,0001,400,0001,300,000
Amortisation2,400,0003,100,000
Tax-700,000-200,000-1,300,000-500,000-1,900,000-1,800,000-1,800,000-1,900,000-1,600,000-1,000,000-700,000-400,000-700,000-700,000102,700,000
Stock
Debtors-13,100,000-88,100,00071,300,0006,900,000-18,400,0003,100,0008,400,000-12,100,00031,500,0008,400,000-91,200,00057,600,000-14,200,00023,200,000102,700,000
Creditors-8,400,0005,700,000-2,200,0006,100,000-4,300,000-9,100,000-7,400,00010,000,0005,600,0007,300,000-25,300,00013,200,0007,300,000-43,600,00059,400,000
Accruals and Deferred Income-42,600,000-1,000,000-26,600,0005,200,000-45,100,000-9,800,000-33,500,00058,000,00025,900,00026,900,000-139,700,00076,800,00017,100,00034,700,000170,600,000
Deferred Taxes & Provisions-1,000,00015,600,000-200,000200,000-200,000-600,000600,000-41,600,00042,600,000
Cash flow from operations-51,200,00011,300,000-407,100,000-1,655,300,000-732,500,000-71,300,000536,400,000515,700,000832,900,000821,100,000362,400,000260,000,000448,400,000647,200,000612,500,000
Investing Activities
capital expenditure409,800,000176,400,000957,000,0001,369,300,0002,040,900,000771,600,00052,100,000-807,900,000-1,255,500,000-937,900,000-546,300,0008,200,000-471,800,000-194,000,000-5,382,100,000
Change in Investments-405,400,000-97,000,000-1,011,400,000-1,405,100,000-2,014,700,000-775,000,000-49,200,000854,500,0001,238,400,000966,800,000534,900,000-4,200,000470,400,000155,400,0005,308,900,000
cash flow from investments815,200,000273,400,0001,968,400,0002,774,400,0004,055,600,0001,546,600,000101,300,000-1,662,400,000-2,493,900,000-1,904,700,000-1,081,200,00012,400,000-942,200,000-349,400,000-10,691,000,000
Financing Activities
Bank loans
Group/Directors Accounts-19,700,00019,700,000
Other Short Term Loans 108,600,000-117,300,000113,200,0004,100,000-62,900,00062,900,000
Long term loans-271,300,000-409,400,000-653,600,000-698,600,000-1,059,100,000-668,100,000236,100,000524,200,0001,481,000,000534,800,000260,600,000-148,800,000100,600,000-666,100,0004,559,100,000
Hire Purchase and Lease Commitments-2,400,0002,100,000-2,900,0004,900,000-5,400,0003,400,0001,400,0005,000,000-500,000-1,900,000-7,400,00024,700,000-12,700,0007,500,00022,800,000
other long term liabilities-300,000-8,100,000-46,600,000-3,300,00019,500,0002,800,000-11,800,00020,300,0003,200,0006,500,0001,900,000400,0007,600,0007,200,00048,900,000
share issue-36,500,000145,000,00082,100,000639,200,000-75,500,000-308,700,00053,100,00079,300,000-18,000,000354,200,000-116,900,000-10,400,00048,500,00010,300,0003,330,100,000
interest-36,100,000-63,000,000-97,900,000-72,200,000-74,800,000-94,700,000-109,200,000-117,800,000-106,500,000-101,800,000-88,600,000-87,500,000-110,700,000-101,700,000-110,400,000
cash flow from financing-238,000,000-333,400,000-836,200,000-36,500,000-1,171,500,000-1,065,300,000169,600,000511,000,0001,359,200,000791,800,00049,600,000-221,600,00033,300,000-805,700,0007,913,400,000
cash and cash equivalents
cash247,100,000-87,700,000-147,500,000434,400,000-3,000,000-174,700,000131,600,00037,300,0008,400,00012,900,000-41,400,000-43,600,000-25,500,000-56,700,000182,900,000
overdraft-211,100,000211,100,000-246,200,00088,200,00057,300,00096,300,0004,400,000
change in cash247,100,000-87,700,000-147,500,000434,400,000-3,000,000-174,700,000342,700,000-173,800,0008,400,000259,100,000-129,600,000-100,900,000-121,800,000-61,100,000182,900,000

hammerson plc Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Hammerson Plc Competitor Analysis

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hammerson plc Ownership

HAMMERSON PLC Shareholders

shareholder name missing 100%
martin leslie bull 0%
michael john mcguinness 0%
andy marmot 0%
karen jean dawe 0%
craig roberts 0%
rachel sarah booth 0%
scariett hill 0%
roy james oliphant 0%
sherley leaver 0%

hammerson plc directors

Hammerson Plc currently has 8 directors. The longest serving directors include Mrs Carol Welch (Mar 2019) and Mr Adam Metz (Jul 2019).

officercountryagestartendrole
Mrs Carol WelchUnited Kingdom55 years Mar 2019- Director
Mr Adam MetzEngland63 years Jul 2019- Director
Mrs Mahkameh BrunelEngland68 years Dec 2019- Director
Mr Robert Noel60 years Sep 2020- Director
Ms Rita-Rose GagneEngland62 years Nov 2020- Director
Mr Michael Butterworth63 years Jan 2021- Director
Mr Himanshu RajaUnited Kingdom59 years Apr 2021- Director
Mr Habib AnnousEngland62 years May 2021- Director

P&L

December 2023

turnover

119.4m

+4%

operating profit

-14.6m

-86%

gross margin

63.4%

-6.29%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

2.5b

-0.05%

total assets

4.3b

-0.05%

cash

474.5m

+1.09%

net assets

Total assets minus all liabilities

hammerson plc company details

company number

00360632

Type

Public limited with Share Capital

industry

41100 - Development of building projects

68320 - Management of real estate on a fee or contract basis

68201 - Renting and operating of Housing Association real estate

incorporation date

April 1940

age

85

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

hammerson plc (October 2009)

hammerson property investment and development corporation public limited company(the) (March 1994)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

marble arch house, 66 seymour street, london, W1H 5BX

Bank

NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

hammerson plc Charges & Mortgages

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 9 charges/mortgages relating to hammerson plc. Currently there are 2 open charges and 7 have been satisfied in the past.

hammerson plc Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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hammerson plc Companies House Filings - See Documents

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