baker hughes energy technology uk limited

Live MatureMegaDeclining

baker hughes energy technology uk limited Company Information

Share BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED

Company Number

01521132

Shareholders

vetco international holding 4

Group Structure

View All

Industry

Other business support service activities n.e.c.

 

Registered Address

2 high street, nailsea, bristol, BS48 1BS

Website

-

baker hughes energy technology uk limited Estimated Valuation

£310.5m

Pomanda estimates the enterprise value of BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED at £310.5m based on a Turnover of £554.1m and 0.56x industry multiple (adjusted for size and gross margin).

baker hughes energy technology uk limited Estimated Valuation

£0

Pomanda estimates the enterprise value of BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED at £0 based on an EBITDA of £-149.4m and a 4.1x industry multiple (adjusted for size and gross margin).

baker hughes energy technology uk limited Estimated Valuation

£0

Pomanda estimates the enterprise value of BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED at £0 based on Net Assets of £-30.2m and 2.13x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Baker Hughes Energy Technology Uk Limited Overview

Baker Hughes Energy Technology Uk Limited is a live company located in bristol, BS48 1BS with a Companies House number of 01521132. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in October 1980, it's largest shareholder is vetco international holding 4 with a 100% stake. Baker Hughes Energy Technology Uk Limited is a mature, mega sized company, Pomanda has estimated its turnover at £554.1m with declining growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Baker Hughes Energy Technology Uk Limited Health Check

Pomanda's financial health check has awarded Baker Hughes Energy Technology Uk Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

4 Strong

positive_score

0 Regular

positive_score

8 Weak

size

Size

annual sales of £554.1m, make it larger than the average company (£4m)

£554.1m - Baker Hughes Energy Technology Uk Limited

£4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (3%)

-7% - Baker Hughes Energy Technology Uk Limited

3% - Industry AVG

production

Production

with a gross margin of -3%, this company has a higher cost of product (38.3%)

-3% - Baker Hughes Energy Technology Uk Limited

38.3% - Industry AVG

profitability

Profitability

an operating margin of -31.2% make it less profitable than the average company (6.2%)

-31.2% - Baker Hughes Energy Technology Uk Limited

6.2% - Industry AVG

employees

Employees

with 2261 employees, this is above the industry average (25)

2261 - Baker Hughes Energy Technology Uk Limited

25 - Industry AVG

paystructure

Pay Structure

on an average salary of £98.5k, the company has a higher pay structure (£51.3k)

£98.5k - Baker Hughes Energy Technology Uk Limited

£51.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £245.1k, this is more efficient (£162.2k)

£245.1k - Baker Hughes Energy Technology Uk Limited

£162.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 102 days, this is later than average (44 days)

102 days - Baker Hughes Energy Technology Uk Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 87 days, this is slower than average (33 days)

87 days - Baker Hughes Energy Technology Uk Limited

33 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 96 days, this is more than average (34 days)

96 days - Baker Hughes Energy Technology Uk Limited

34 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 (23 weeks)

0 weeks - Baker Hughes Energy Technology Uk Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 103.5%, this is a higher level of debt than the average (63.7%)

103.5% - Baker Hughes Energy Technology Uk Limited

63.7% - Industry AVG

BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED financials

EXPORTms excel logo

Baker Hughes Energy Technology Uk Limited's latest turnover from December 2022 is £554.1 million and the company has net assets of -£30.2 million. According to their latest financial statements, Baker Hughes Energy Technology Uk Limited has 2,261 employees and maintains cash reserves of £15.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jun 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover554,134,000677,935,000756,360,000685,083,000694,806,000334,738,000889,779,000968,259,000861,365,000494,009,000263,717,000301,807,000275,221,000258,807,000
Other Income Or Grants
Cost Of Sales570,525,000541,453,000727,734,000607,116,000617,354,000257,971,000595,546,000788,063,000687,518,000329,691,000237,818,000256,187,000220,735,000208,938,000
Gross Profit-16,391,000136,482,00028,626,00077,967,00077,452,00076,767,000294,233,000180,196,000173,847,000164,318,00025,899,00045,620,00054,486,00049,869,000
Admin Expenses156,729,000172,014,000152,427,000192,765,000292,697,000103,836,000112,660,000170,518,000143,337,000134,266,00092,005,00064,936,00059,694,00031,407,000
Operating Profit-173,120,000-35,532,000-123,801,000-114,798,000-215,245,000-27,069,000181,573,0009,678,00030,510,00030,052,000-66,106,000-19,316,000-5,208,00018,462,000
Interest Payable10,531,0003,497,0006,914,00015,071,00012,695,0006,072,00020,640,0003,841,0002,354,00010,497,000266,000316,000568,0001,541,000
Interest Receivable1,835,0003,168,0003,600,0007,294,0007,621,000623,0003,275,000174,00010,325,0008,480,000211,00071,000143,000389,000
Pre-Tax Profit-247,212,000-36,641,000-80,669,000-448,249,000-227,681,000-15,400,00077,831,000-19,122,0004,842,00028,345,000-67,107,000-19,056,000-5,188,00016,400,000
Tax23,372,00019,307,000-3,484,0007,385,00017,234,0008,455,000-22,669,0001,009,000-8,536,000-15,651,000-4,506,000-11,137,0005,909,000-2,234,000
Profit After Tax-223,840,000-17,334,000-84,153,000-440,864,000-210,447,000-6,945,00055,162,000-18,113,000-3,694,00012,694,000-71,613,000-30,193,000721,00014,166,000
Dividends Paid
Retained Profit-223,840,000-17,334,000-84,153,000-440,864,000-210,447,000-6,945,00055,162,000-18,113,000-3,694,00012,694,000-71,613,000-30,193,000721,00014,166,000
Employee Costs222,792,000230,146,000224,681,000206,768,000287,852,00099,659,000187,986,000214,447,000150,365,000124,064,00079,164,00069,686,00063,431,00062,210,000
Number Of Employees2,2612,2962,6682,4332,3072,5743,0183,3543,1161,9241,2431,1661,1561,146
EBITDA*-149,402,000-8,288,000-95,311,000-83,458,000-179,547,000-12,960,000211,785,00032,531,00051,256,00038,449,000-60,665,000-14,724,000-1,003,00022,916,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jun 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets129,750,000196,804,000178,958,000180,681,000181,141,000188,143,000190,736,000182,539,000185,653,00057,487,00034,915,00020,196,00019,182,00017,715,000
Intangible Assets956,0006,960,00010,960,00017,541,000338,209,000329,470,000329,635,000323,305,000314,122,000
Investments & Other47,570,00035,321,00020,770,0005,640,0005,640,00010,383,00016,751,00020,102,00031,346,0009,946,0009,946,0009,892,00055,901,00055,901,000
Debtors (Due After 1 year)25,507,00098,863,000149,428,000196,898,000273,870,000200,425,00057,510,000
Total Fixed Assets203,783,000337,948,000360,116,000400,760,000798,860,000728,421,000594,632,000525,946,000531,121,00067,433,00044,861,00030,088,00075,083,00073,616,000
Stock & work in progress150,996,000132,110,000177,779,000170,400,000183,470,000143,146,000153,490,000217,106,000257,091,000149,997,00099,679,00077,638,00065,951,00066,159,000
Trade Debtors154,872,000200,704,000236,764,000217,053,000134,760,00040,916,00025,894,00054,702,00092,246,00089,827,000198,917,00085,936,00061,644,00086,759,000
Group Debtors233,036,000349,620,000237,912,000323,907,000245,649,000206,080,000607,537,000653,014,000509,347,000333,012,00076,910,00063,907,000194,952,000185,006,000
Misc Debtors98,743,000129,719,000143,520,000120,316,00040,814,000343,719,000323,282,000110,070,000123,029,00051,089,00025,977,00022,337,00033,850,00026,372,000
Cash15,376,0007,136,0005,697,0006,045,0009,417,0002,062,0004,859,00017,739,00043,419,00029,726,0004,449,00014,372,0004,032,000314,000
misc current assets
total current assets653,023,000819,289,000801,672,000837,721,000614,110,000735,923,0001,115,062,0001,052,631,0001,025,132,000653,651,000405,932,000264,190,000360,429,000364,610,000
total assets856,806,0001,157,237,0001,161,788,0001,238,481,0001,412,970,0001,464,344,0001,709,694,0001,578,577,0001,556,253,000721,084,000450,793,000294,278,000435,512,000438,226,000
Bank overdraft
Bank loan
Trade Creditors 137,530,000104,806,000115,333,000103,201,000127,463,00099,193,000111,882,000117,461,000107,216,00043,521,00032,695,00028,449,00016,883,00010,565,000
Group/Directors Accounts456,096,000556,045,000537,585,000977,119,000752,611,000680,919,000741,015,000608,612,000600,988,000422,411,00098,356,00052,371,000133,023,000141,140,000
other short term finances4,746,0003,266,0002,085,000635,0008,416,00049,847,000166,704,00044,238,00040,804,000
hp & lease commitments2,773,0003,480,0002,967,0003,962,000
other current liabilities244,861,000250,578,000245,514,000149,795,00087,121,000130,454,000159,050,000288,700,000259,282,000162,891,000239,840,00090,132,000129,099,000131,665,000
total current liabilities846,006,000918,175,000903,484,0001,234,712,000975,611,000960,413,0001,178,651,0001,059,011,0001,008,290,000628,823,000370,891,000170,952,000279,005,000283,370,000
loans481,0001,227,000
hp & lease commitments14,906,00017,494,0006,040,0008,740,000
Accruals and Deferred Income
other liabilities
provisions26,071,00028,094,00041,261,00047,991,00049,203,0009,834,00031,012,00045,750,00053,198,00027,342,00027,509,000
total long term liabilities40,977,00045,588,00047,301,00056,731,00049,203,00010,315,00032,239,000108,250,000122,098,00083,442,00091,909,00057,100,00031,244,00015,552,000
total liabilities886,983,000963,763,000950,785,0001,291,443,0001,024,814,000970,728,0001,210,890,0001,167,261,0001,130,388,000712,265,000462,800,000228,052,000310,249,000298,922,000
net assets-30,177,000193,474,000211,003,000-52,962,000388,156,000493,616,000498,804,000411,316,000425,865,0008,819,000-12,007,00066,226,000125,263,000139,304,000
total shareholders funds-30,177,000193,474,000211,003,000-52,962,000388,156,000493,616,000498,804,000411,316,000425,865,0008,819,000-12,007,00066,226,000125,263,000139,304,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Jun 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-173,120,000-35,532,000-123,801,000-114,798,000-215,245,000-27,069,000181,573,0009,678,00030,510,00030,052,000-66,106,000-19,316,000-5,208,00018,462,000
Depreciation21,872,00022,405,00021,769,00024,065,00025,322,00010,674,00025,364,00019,317,00014,448,0008,397,0005,441,0004,592,0004,205,0004,454,000
Amortisation1,846,0004,839,0006,721,0007,275,00010,376,0003,435,0004,848,0003,536,0006,298,000
Tax23,372,00019,307,000-3,484,0007,385,00017,234,0008,455,000-22,669,0001,009,000-8,536,000-15,651,000-4,506,000-11,137,0005,909,000-2,234,000
Stock18,886,000-45,669,0007,379,000-13,070,00040,324,000-10,344,000-63,616,000-39,985,000107,094,00050,318,00022,041,00011,687,000-208,00066,159,000
Debtors-266,748,00011,282,000-90,550,000163,081,000-96,047,000-223,083,000196,437,00093,164,000250,694,000172,124,000129,624,000-118,266,000-7,691,000298,137,000
Creditors32,724,000-10,527,00012,132,000-24,262,00028,270,000-12,689,000-5,579,00010,245,00063,695,00010,826,0004,246,00011,566,0006,318,00010,565,000
Accruals and Deferred Income-5,717,0005,064,00095,719,00062,674,000-43,333,000-28,596,000-129,650,00029,418,00096,391,000-76,949,000149,708,000-38,967,000-2,566,000131,665,000
Deferred Taxes & Provisions-2,023,000-13,167,000-6,730,000-1,212,00039,369,000-21,178,000-14,738,000-7,448,00025,856,000-167,00027,509,000
Cash flow from operations146,816,00026,776,00085,497,000-188,884,000-82,284,000166,459,000-93,672,00012,576,000-129,126,000-265,934,000-35,373,00053,317,00016,557,000-201,384,000
Investing Activities
capital expenditure49,340,000-41,090,000-20,186,000289,788,000-37,435,000-11,351,000-44,739,000-28,922,000-463,034,000-30,969,000-20,160,000-5,606,000-5,672,000-22,169,000
Change in Investments12,249,00014,551,00015,130,000-4,743,000-6,368,000-3,351,000-11,244,00021,400,00054,000-46,009,00055,901,000
cash flow from investments37,091,000-55,641,000-35,316,000289,788,000-32,692,000-4,983,000-41,388,000-17,678,000-484,434,000-30,969,000-20,214,00040,403,000-5,672,000-78,070,000
Financing Activities
Bank loans
Group/Directors Accounts-99,949,00018,460,000-439,534,000224,508,00071,692,000-60,096,000132,403,0007,624,000178,577,000324,055,00045,985,000-80,652,000-8,117,000141,140,000
Other Short Term Loans 1,480,0001,181,0001,450,000-7,781,000-41,431,000-116,857,000122,466,0003,434,00040,804,000
Long term loans-481,000-746,0001,227,000
Hire Purchase and Lease Commitments-3,295,00011,967,000-3,695,00012,702,000
other long term liabilities
share issue189,000-195,000348,118,000-254,000104,987,0001,757,00032,326,0003,564,000420,740,0008,132,000-6,620,000-28,844,000-14,762,000125,138,000
interest-8,696,000-329,000-3,314,000-7,777,000-5,074,000-5,449,000-17,365,000-3,667,0007,971,000-2,017,000-55,000-245,000-425,000-1,152,000
cash flow from financing-110,271,00031,084,000-96,975,000221,398,000129,693,000-181,391,000271,057,00010,955,000648,092,000330,170,00039,310,000-109,741,000-23,304,000265,126,000
cash and cash equivalents
cash8,240,0001,439,000-348,000-3,372,0007,355,000-2,797,000-12,880,000-25,680,00013,693,00025,277,000-9,923,00010,340,0003,718,000314,000
overdraft
change in cash8,240,0001,439,000-348,000-3,372,0007,355,000-2,797,000-12,880,000-25,680,00013,693,00025,277,000-9,923,00010,340,0003,718,000314,000

baker hughes energy technology uk limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for baker hughes energy technology uk limited. Get real-time insights into baker hughes energy technology uk limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Baker Hughes Energy Technology Uk Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for baker hughes energy technology uk limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in BS48 area or any other competitors across 12 key performance metrics.

baker hughes energy technology uk limited Ownership

BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED group structure

Baker Hughes Energy Technology Uk Limited has 1 subsidiary company.

Ultimate parent company

BAKER HUGHES CO

#0134917

2 parents

BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED

01521132

1 subsidiary

BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED Shareholders

vetco international holding 4 100%

baker hughes energy technology uk limited directors

Baker Hughes Energy Technology Uk Limited currently has 5 directors. The longest serving directors include Mr Domenico Di Giambattista (Feb 2021) and Mr Romain Chambault (Feb 2022).

officercountryagestartendrole
Mr Domenico Di GiambattistaUnited Kingdom46 years Feb 2021- Director
Mr Romain Chambault46 years Feb 2022- Director
Ms Valentina BaldiniEngland46 years Jan 2023- Director
Mr Andrew Barr41 years May 2024- Director
Mr David Firmani53 years Jun 2024- Director

P&L

December 2022

turnover

554.1m

-18%

operating profit

-173.1m

+387%

gross margin

-2.9%

-114.69%

turnover

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

Balance Sheet

December 2022

net assets

-30.2m

-1.16%

total assets

856.8m

-0.26%

cash

15.4m

+1.15%

net assets

Total assets minus all liabilities

baker hughes energy technology uk limited company details

company number

01521132

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

October 1980

age

45

incorporated

UK

ultimate parent company

BAKER HUGHES CO

accounts

Full Accounts

last accounts submitted

December 2022

previous names

ge oil & gas uk limited (June 2020)

vetco gray u.k. limited (October 2013)

See more

accountant

-

auditor

KPMG LLP

address

2 high street, nailsea, bristol, BS48 1BS

Bank

BARCLAYS BANK PLC

Legal Advisor

-

baker hughes energy technology uk 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 found 18 charges/mortgages relating to baker hughes energy technology uk limited. Currently there are 2 open charges and 16 have been satisfied in the past.

baker hughes energy technology uk 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.

Click to start generating capital raising & share issue transactions for BAKER HUGHES ENERGY TECHNOLOGY UK LIMITED. This can take several minutes, an email will notify you when this has completed.

baker hughes energy technology uk limited Companies House Filings - See Documents

datedescriptionview/download