baker hughes limited

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baker hughes limited Company Information

Share BAKER HUGHES LIMITED

Company Number

01388658

Directors

John Morrison

Steven Moore

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Shareholders

baker hughes eho holdings llc

Group Structure

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Industry

Support activities for petroleum and natural gas extraction

 

Registered Address

10th floor,, 245 hammersmith road, london, W6 8PW

baker hughes limited Estimated Valuation

£235.3m

Pomanda estimates the enterprise value of BAKER HUGHES LIMITED at £235.3m based on a Turnover of £271.1m and 0.87x industry multiple (adjusted for size and gross margin).

baker hughes limited Estimated Valuation

£0

Pomanda estimates the enterprise value of BAKER HUGHES LIMITED at £0 based on an EBITDA of £-64.5m and a 2.91x industry multiple (adjusted for size and gross margin).

baker hughes limited Estimated Valuation

£933.3m

Pomanda estimates the enterprise value of BAKER HUGHES LIMITED at £933.3m based on Net Assets of £648.1m and 1.44x industry multiple (adjusted for liquidity).

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Baker Hughes Limited Overview

Baker Hughes Limited is a live company located in london, W6 8PW with a Companies House number of 01388658. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in September 1978, it's largest shareholder is baker hughes eho holdings llc with a 100% stake. Baker Hughes Limited is a mature, mega sized company, Pomanda has estimated its turnover at £271.1m with declining growth in recent years.

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Baker Hughes Limited Health Check

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

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £271.1m, make it larger than the average company (£17.1m)

£271.1m - Baker Hughes Limited

£17.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (3.6%)

-9% - Baker Hughes Limited

3.6% - Industry AVG

production

Production

with a gross margin of 3.2%, this company has a higher cost of product (25.4%)

3.2% - Baker Hughes Limited

25.4% - Industry AVG

profitability

Profitability

an operating margin of -26.7% make it less profitable than the average company (6.3%)

-26.7% - Baker Hughes Limited

6.3% - Industry AVG

employees

Employees

with 892 employees, this is above the industry average (41)

892 - Baker Hughes Limited

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £119.8k, the company has a higher pay structure (£71.8k)

£119.8k - Baker Hughes Limited

£71.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £304k, this is more efficient (£220.2k)

£304k - Baker Hughes Limited

£220.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 52 days, this is near the average (55 days)

52 days - Baker Hughes Limited

55 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 42 days, this is slower than average (27 days)

42 days - Baker Hughes Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 51 days, this is more than average (33 days)

51 days - Baker Hughes Limited

33 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)

0 weeks - Baker Hughes Limited

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 31.3%, this is a lower level of debt than the average (55.1%)

31.3% - Baker Hughes Limited

55.1% - Industry AVG

BAKER HUGHES LIMITED financials

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Baker Hughes Limited's latest turnover from December 2023 is £271.1 million and the company has net assets of £648.1 million. According to their latest financial statements, Baker Hughes Limited has 892 employees and maintains cash reserves of £350 thousand 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
Turnover271,143,000320,622,000256,322,000363,928,000464,329,000364,672,000340,715,000360,164,000493,473,000584,016,000643,035,000701,120,000590,785,000588,025,000589,678,000
Other Income Or Grants
Cost Of Sales262,454,000300,050,000249,488,000333,606,000407,398,000378,702,000346,649,000339,931,000411,772,000486,104,000531,049,000573,103,000478,889,000455,572,000443,759,000
Gross Profit8,689,00020,572,0006,834,00030,322,00056,931,000-14,030,000-5,934,00020,233,00081,701,00097,912,000111,986,000128,017,000111,896,000132,453,000145,919,000
Admin Expenses81,086,000149,200,00086,256,00088,244,00057,497,00093,619,000386,911,000970,625,000128,585,000211,605,00064,705,00068,468,00078,203,00073,783,00073,092,000
Operating Profit-72,397,000-128,628,000-79,422,000-57,922,000-566,000-107,649,000-392,845,000-950,392,000-46,884,000-113,693,00047,281,00059,549,00033,693,00058,670,00072,827,000
Interest Payable13,004,0007,811,0007,073,00022,536,00030,306,00040,958,00043,520,00045,060,00050,879,00050,256,00050,855,00050,820,00022,142,0001,569,0001,520,000
Interest Receivable3,381,0002,866,000629,0001,001,0001,243,0001,025,000630,0001,430,0002,236,0001,353,000989,000770,0002,006,000865,000685,000
Pre-Tax Profit-82,843,000-132,531,000-83,574,000-77,452,000-26,848,000-143,357,000-358,992,000-951,020,000-36,864,000-159,071,000-2,107,00012,780,00014,235,00060,461,00072,502,000
Tax7,460,000-3,447,000-17,855,000-7,879,000-5,466,000-3,565,000-3,601,000-3,723,000-1,459,0003,288,0003,516,000-4,215,000-7,825,000-14,295,000-27,145,000
Profit After Tax-75,383,000-135,978,000-101,429,000-85,331,000-32,314,000-146,922,000-362,593,000-954,743,000-38,323,000-155,783,0001,409,0008,565,0006,410,00046,166,00045,357,000
Dividends Paid
Retained Profit-75,383,000-135,978,000-101,429,000-85,331,000-32,314,000-146,922,000-362,593,000-954,743,000-38,323,000-155,783,0001,409,0008,565,0006,410,00046,166,00045,357,000
Employee Costs106,884,000109,264,000122,814,000130,968,000118,301,000126,443,000132,590,000157,603,000187,132,000195,689,000179,351,000175,870,000142,321,000159,310,000171,609,000
Number Of Employees8929491,1211,3991,5341,4701,5021,7752,1272,3512,3882,4792,1852,3452,687
EBITDA*-64,469,000-97,037,000-66,238,000-41,589,00017,414,000-88,724,000-372,169,000-928,833,000-21,880,00071,933,00066,568,00088,518,00049,460,00081,683,00097,100,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets40,329,00044,577,00071,404,00080,177,00087,732,00086,553,00089,548,00098,968,000116,295,000117,568,000113,196,000108,568,00093,979,00086,332,00093,647,000
Intangible Assets23,846,00026,796,00029,746,00033,303,00040,026,00044,243,00048,460,00054,093,00058,830,00064,211,00070,816,00014,191,00023,792,00022,044,00028,464,000
Investments & Other534,663,000676,417,000704,569,000743,454,000745,635,000776,657,000793,924,0001,142,217,0002,040,396,0002,157,821,0002,293,851,0002,352,847,0002,107,847,000120,794,000113,914,000
Debtors (Due After 1 year)28,0004,910,000231,000539,00020,489,00013,798,0001,047,00010,958,00091,152,00078,799,00056,794,000
Total Fixed Assets598,866,000752,700,000805,950,000857,473,000893,882,000921,251,000932,979,0001,306,236,0002,306,673,0002,418,399,0002,534,657,0002,475,606,0002,225,618,000229,170,000236,025,000
Stock & work in progress37,338,00061,096,00051,939,00050,087,00060,497,00056,257,00046,721,00047,709,00060,107,00081,960,00081,931,00094,175,00083,504,00075,504,00067,531,000
Trade Debtors39,127,00043,936,00023,014,00046,696,00050,569,000260,702,00032,028,00042,617,00043,056,00078,875,00064,471,00087,671,00060,629,00071,512,00049,371,000
Group Debtors257,550,000376,636,000296,652,000283,000,000307,350,000250,250,000624,341,000603,384,000621,975,000561,410,000579,765,000284,033,000190,264,000124,245,000
Misc Debtors9,533,00015,494,00013,239,00010,187,00013,784,00011,902,0009,191,00010,430,00012,380,00019,106,00014,910,00010,643,00012,352,00020,557,000
Cash350,000345,0001,105,000144,0005,399,00011,157,0007,371,000389,000524,0001,468,000947,0007,427,0004,187,0006,211,0004,738,000
misc current assets5,400,00015,000,00018,000,0009,500,0008,000,0007,000,00014,500,00044,000,000
total current assets343,898,000497,507,000385,949,000390,114,000437,599,000328,116,000348,272,000729,647,000732,501,000814,658,000737,365,000791,948,000449,996,000370,343,000310,442,000
total assets942,764,0001,250,207,0001,191,899,0001,247,587,0001,331,481,0001,249,367,0001,281,251,0002,035,883,0003,039,174,0003,233,057,0003,272,022,0003,267,554,0002,675,614,000599,513,000546,467,000
Bank overdraft2,510,000
Bank loan
Trade Creditors 30,545,00056,298,00040,343,00034,918,00049,699,00047,161,00029,014,00025,376,00028,129,00048,344,00058,159,00031,773,00025,994,00023,638,00016,921,000
Group/Directors Accounts219,988,000385,116,000529,023,000512,734,000493,453,000362,944,000315,585,000637,829,000690,077,000741,772,000617,248,000637,463,000272,180,000218,365,000213,969,000
other short term finances
hp & lease commitments
other current liabilities33,182,00030,745,00028,372,00027,566,00025,231,00030,130,00021,899,00033,240,00033,243,00041,341,00037,629,00036,094,00037,436,00047,118,00043,747,000
total current liabilities283,715,000472,159,000597,738,000575,218,000568,383,000440,235,000366,498,000696,445,000751,449,000831,457,000713,036,000705,330,000335,610,000289,121,000277,147,000
loans48,085,000371,308,000326,284,000792,786,000752,872,0001,179,276,0001,225,237,0001,179,276,0001,249,276,0001,249,276,0001,249,276,0001,024,678,000
hp & lease commitments
Accruals and Deferred Income
other liabilities123,000189,000123,0001,219,0002,826,0004,341,000959,0001,337,000253,00058,000
provisions7,484,0006,546,0006,340,0006,861,0003,306,00014,119,0003,207,0003,831,0003,804,0003,750,0004,192,0006,319,0009,618,00011,514,0009,365,000
total long term liabilities10,944,00054,820,000377,771,000362,227,000796,092,000768,210,0001,185,309,0001,240,459,0001,184,039,0001,254,363,0001,253,721,0001,255,653,0001,034,296,00011,514,00018,778,000
total liabilities294,659,000526,979,000975,509,000937,445,0001,364,475,0001,208,445,0001,551,807,0001,936,904,0001,935,488,0002,085,820,0001,966,757,0001,960,983,0001,369,906,000300,635,000295,925,000
net assets648,105,000723,228,000216,390,000310,142,000-32,994,00040,922,000-270,556,00098,979,0001,103,686,0001,147,237,0001,305,265,0001,306,571,0001,305,708,000298,878,000250,542,000
total shareholders funds648,105,000723,228,000216,390,000310,142,000-32,994,00040,922,000-270,556,00098,979,0001,103,686,0001,147,237,0001,305,265,0001,306,571,0001,305,708,000298,878,000250,542,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-72,397,000-128,628,000-79,422,000-57,922,000-566,000-107,649,000-392,845,000-950,392,000-46,884,000-113,693,00047,281,00059,549,00033,693,00058,670,00072,827,000
Depreciation4,978,00028,641,0009,627,00012,558,00013,763,00014,708,00015,043,00016,252,00019,623,000174,739,00017,078,00019,197,00014,225,00016,593,00017,206,000
Amortisation2,950,0002,950,0003,557,0003,775,0004,217,0004,217,0005,633,0005,307,0005,381,00010,887,0002,209,0009,772,0001,542,0006,420,0007,067,000
Tax7,460,000-3,447,000-17,855,000-7,879,000-5,466,000-3,565,000-3,601,000-3,723,000-1,459,0003,288,0003,516,000-4,215,000-7,825,000-14,295,000-27,145,000
Stock-23,758,0009,157,0001,852,000-10,410,0004,240,0009,536,000-988,000-12,398,000-21,853,00029,000-12,244,00010,671,0008,000,0007,973,00067,531,000
Debtors-134,738,000107,840,000-7,286,000-51,770,000117,692,000-20,727,000-391,880,000-60,915,000-44,007,00090,248,00019,435,000327,041,00081,177,00079,955,000194,173,000
Creditors-25,753,00015,955,0005,425,000-14,781,0002,538,00018,147,0003,638,000-2,753,000-20,215,000-9,815,00026,386,0005,779,0002,356,0006,717,00016,921,000
Accruals and Deferred Income2,437,0002,373,000806,0002,335,000-4,899,0008,231,000-11,341,000-3,000-8,098,0003,712,0001,535,000-1,342,000-9,682,0003,371,00043,747,000
Deferred Taxes & Provisions938,000206,000-521,0003,555,000-10,813,00010,912,000-624,00027,00054,000-442,000-2,127,000-3,299,000-1,896,0002,149,0009,365,000
Cash flow from operations79,109,000-198,947,000-72,949,0003,821,000-123,158,000-43,808,0008,771,000-861,972,00014,262,000-21,601,00088,687,000-252,271,000-56,764,000-8,303,000-121,716,000
Investing Activities
capital expenditure-730,000-1,814,000-854,000-2,055,000-14,942,000-11,713,000-5,623,000505,000-18,350,000-183,393,000-80,540,000-33,957,000-25,162,000-9,278,000-146,384,000
Change in Investments-141,754,000-28,152,000-38,885,000-2,181,000-31,022,000-17,267,000-348,293,000-898,179,000-117,425,000-136,030,000-58,996,000245,000,0001,987,053,0006,880,000113,914,000
cash flow from investments141,024,00026,338,00038,031,000126,00016,080,0005,554,000342,670,000898,684,00099,075,000-47,363,000-21,544,000-278,957,000-2,012,215,000-16,158,000-260,298,000
Financing Activities
Bank loans
Group/Directors Accounts-165,128,000-143,907,00016,289,00019,281,000130,509,00047,359,000-322,244,000-52,248,000-51,695,000124,524,000-20,215,000365,283,00053,815,0004,396,000213,969,000
Other Short Term Loans
Long term loans-48,085,000-323,223,00045,024,000-466,502,00039,914,000-426,404,000-45,961,00045,961,000-70,000,000224,598,0001,024,678,000
Hire Purchase and Lease Commitments
other long term liabilities-66,00066,000123,000-1,219,000-1,607,000-1,515,0003,382,000-378,0001,084,000195,00058,000
share issue260,000642,816,0007,677,000428,467,000-41,602,000458,400,000-6,942,000-49,964,000-5,228,000-2,245,000-2,715,000-7,702,0001,000,420,0002,170,000205,185,000
interest-9,623,000-4,945,000-6,444,000-21,535,000-29,063,000-39,933,000-42,890,000-43,630,000-48,643,000-48,903,000-49,866,000-50,050,000-20,136,000-704,000-835,000
cash flow from financing-222,642,000170,807,00062,669,000-40,289,00098,539,00037,815,000-419,552,000-96,499,000-175,944,00074,460,000-72,601,000532,187,0002,058,777,0005,862,000418,319,000
cash and cash equivalents
cash5,000-760,000961,000-5,255,000-5,758,0003,786,0006,982,000-135,000-944,000521,000-6,480,0003,240,000-2,024,0001,473,0004,738,000
overdraft-2,510,0002,510,000
change in cash5,000-760,000961,000-5,255,000-5,758,0003,786,0006,982,000-135,000-944,000521,000-6,480,0003,240,000-2,024,0003,983,0002,228,000

baker hughes limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Baker Hughes Limited Competitor Analysis

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Perform a competitor analysis for baker hughes limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mega companies, companies in W 6 area or any other competitors across 12 key performance metrics.

baker hughes limited Ownership

BAKER HUGHES LIMITED Shareholders

baker hughes eho holdings llc 100%

baker hughes limited directors

Baker Hughes Limited currently has 6 directors. The longest serving directors include Mr John Morrison (Jun 2022) and Mr Steven Moore (Sep 2022).

officercountryagestartendrole
Mr John Morrison53 years Jun 2022- Director
Mr Steven MooreScotland54 years Sep 2022- Director
Ms Valentina BaldiniEngland46 years Sep 2022- Director
Mr Christopher JohnsonEngland44 years Oct 2024- Director
Mr Mark WoodEngland40 years Oct 2024- Director
Mr Daniel HortonEngland44 years Oct 2024- Director

P&L

December 2023

turnover

271.1m

-15%

operating profit

-72.4m

-44%

gross margin

3.3%

-50.06%

turnover

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

Balance Sheet

December 2023

net assets

648.1m

-0.1%

total assets

942.8m

-0.25%

cash

350k

+0.01%

net assets

Total assets minus all liabilities

baker hughes limited company details

company number

01388658

Type

Private limited with Share Capital

industry

09100 - Support activities for petroleum and natural gas extraction

incorporation date

September 1978

age

47

incorporated

UK

ultimate parent company

BAKER HUGHES EHO HOLDINGS LLC

accounts

Full Accounts

last accounts submitted

December 2023

previous names

baker hughes (u.k.) limited (October 1997)

baker hughes limited (October 1995)

See more

accountant

-

auditor

KPMG LLP

address

10th floor,, 245 hammersmith road, london, W6 8PW

Bank

BARCLAYS BANK PLC

Legal Advisor

-

baker hughes limited 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 did not find charges/mortgages relating to baker hughes limited.

baker hughes limited 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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baker hughes limited Companies House Filings - See Documents

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