baker hughes energy technology uk limited Company Information
Company Number
01521132
Next Accounts
171 days late
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
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
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
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.
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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


4 Strong

0 Regular

8 Weak

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
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
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
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
with 2261 employees, this is above the industry average (25)
2261 - Baker Hughes Energy Technology Uk Limited
25 - Industry AVG

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
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

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

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

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

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

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

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 House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 554,134,000 | 677,935,000 | 756,360,000 | 685,083,000 | 694,806,000 | 334,738,000 | 889,779,000 | 968,259,000 | 861,365,000 | 494,009,000 | 263,717,000 | 301,807,000 | 275,221,000 | 258,807,000 |
Other Income Or Grants | ||||||||||||||
Cost Of Sales | 570,525,000 | 541,453,000 | 727,734,000 | 607,116,000 | 617,354,000 | 257,971,000 | 595,546,000 | 788,063,000 | 687,518,000 | 329,691,000 | 237,818,000 | 256,187,000 | 220,735,000 | 208,938,000 |
Gross Profit | -16,391,000 | 136,482,000 | 28,626,000 | 77,967,000 | 77,452,000 | 76,767,000 | 294,233,000 | 180,196,000 | 173,847,000 | 164,318,000 | 25,899,000 | 45,620,000 | 54,486,000 | 49,869,000 |
Admin Expenses | 156,729,000 | 172,014,000 | 152,427,000 | 192,765,000 | 292,697,000 | 103,836,000 | 112,660,000 | 170,518,000 | 143,337,000 | 134,266,000 | 92,005,000 | 64,936,000 | 59,694,000 | 31,407,000 |
Operating Profit | -173,120,000 | -35,532,000 | -123,801,000 | -114,798,000 | -215,245,000 | -27,069,000 | 181,573,000 | 9,678,000 | 30,510,000 | 30,052,000 | -66,106,000 | -19,316,000 | -5,208,000 | 18,462,000 |
Interest Payable | 10,531,000 | 3,497,000 | 6,914,000 | 15,071,000 | 12,695,000 | 6,072,000 | 20,640,000 | 3,841,000 | 2,354,000 | 10,497,000 | 266,000 | 316,000 | 568,000 | 1,541,000 |
Interest Receivable | 1,835,000 | 3,168,000 | 3,600,000 | 7,294,000 | 7,621,000 | 623,000 | 3,275,000 | 174,000 | 10,325,000 | 8,480,000 | 211,000 | 71,000 | 143,000 | 389,000 |
Pre-Tax Profit | -247,212,000 | -36,641,000 | -80,669,000 | -448,249,000 | -227,681,000 | -15,400,000 | 77,831,000 | -19,122,000 | 4,842,000 | 28,345,000 | -67,107,000 | -19,056,000 | -5,188,000 | 16,400,000 |
Tax | 23,372,000 | 19,307,000 | -3,484,000 | 7,385,000 | 17,234,000 | 8,455,000 | -22,669,000 | 1,009,000 | -8,536,000 | -15,651,000 | -4,506,000 | -11,137,000 | 5,909,000 | -2,234,000 |
Profit After Tax | -223,840,000 | -17,334,000 | -84,153,000 | -440,864,000 | -210,447,000 | -6,945,000 | 55,162,000 | -18,113,000 | -3,694,000 | 12,694,000 | -71,613,000 | -30,193,000 | 721,000 | 14,166,000 |
Dividends Paid | ||||||||||||||
Retained Profit | -223,840,000 | -17,334,000 | -84,153,000 | -440,864,000 | -210,447,000 | -6,945,000 | 55,162,000 | -18,113,000 | -3,694,000 | 12,694,000 | -71,613,000 | -30,193,000 | 721,000 | 14,166,000 |
Employee Costs | 222,792,000 | 230,146,000 | 224,681,000 | 206,768,000 | 287,852,000 | 99,659,000 | 187,986,000 | 214,447,000 | 150,365,000 | 124,064,000 | 79,164,000 | 69,686,000 | 63,431,000 | 62,210,000 |
Number Of Employees | 2,261 | 2,296 | 2,668 | 2,433 | 2,307 | 2,574 | 3,018 | 3,354 | 3,116 | 1,924 | 1,243 | 1,166 | 1,156 | 1,146 |
EBITDA* | -149,402,000 | -8,288,000 | -95,311,000 | -83,458,000 | -179,547,000 | -12,960,000 | 211,785,000 | 32,531,000 | 51,256,000 | 38,449,000 | -60,665,000 | -14,724,000 | -1,003,000 | 22,916,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 129,750,000 | 196,804,000 | 178,958,000 | 180,681,000 | 181,141,000 | 188,143,000 | 190,736,000 | 182,539,000 | 185,653,000 | 57,487,000 | 34,915,000 | 20,196,000 | 19,182,000 | 17,715,000 |
Intangible Assets | 956,000 | 6,960,000 | 10,960,000 | 17,541,000 | 338,209,000 | 329,470,000 | 329,635,000 | 323,305,000 | 314,122,000 | |||||
Investments & Other | 47,570,000 | 35,321,000 | 20,770,000 | 5,640,000 | 5,640,000 | 10,383,000 | 16,751,000 | 20,102,000 | 31,346,000 | 9,946,000 | 9,946,000 | 9,892,000 | 55,901,000 | 55,901,000 |
Debtors (Due After 1 year) | 25,507,000 | 98,863,000 | 149,428,000 | 196,898,000 | 273,870,000 | 200,425,000 | 57,510,000 | |||||||
Total Fixed Assets | 203,783,000 | 337,948,000 | 360,116,000 | 400,760,000 | 798,860,000 | 728,421,000 | 594,632,000 | 525,946,000 | 531,121,000 | 67,433,000 | 44,861,000 | 30,088,000 | 75,083,000 | 73,616,000 |
Stock & work in progress | 150,996,000 | 132,110,000 | 177,779,000 | 170,400,000 | 183,470,000 | 143,146,000 | 153,490,000 | 217,106,000 | 257,091,000 | 149,997,000 | 99,679,000 | 77,638,000 | 65,951,000 | 66,159,000 |
Trade Debtors | 154,872,000 | 200,704,000 | 236,764,000 | 217,053,000 | 134,760,000 | 40,916,000 | 25,894,000 | 54,702,000 | 92,246,000 | 89,827,000 | 198,917,000 | 85,936,000 | 61,644,000 | 86,759,000 |
Group Debtors | 233,036,000 | 349,620,000 | 237,912,000 | 323,907,000 | 245,649,000 | 206,080,000 | 607,537,000 | 653,014,000 | 509,347,000 | 333,012,000 | 76,910,000 | 63,907,000 | 194,952,000 | 185,006,000 |
Misc Debtors | 98,743,000 | 129,719,000 | 143,520,000 | 120,316,000 | 40,814,000 | 343,719,000 | 323,282,000 | 110,070,000 | 123,029,000 | 51,089,000 | 25,977,000 | 22,337,000 | 33,850,000 | 26,372,000 |
Cash | 15,376,000 | 7,136,000 | 5,697,000 | 6,045,000 | 9,417,000 | 2,062,000 | 4,859,000 | 17,739,000 | 43,419,000 | 29,726,000 | 4,449,000 | 14,372,000 | 4,032,000 | 314,000 |
misc current assets | ||||||||||||||
total current assets | 653,023,000 | 819,289,000 | 801,672,000 | 837,721,000 | 614,110,000 | 735,923,000 | 1,115,062,000 | 1,052,631,000 | 1,025,132,000 | 653,651,000 | 405,932,000 | 264,190,000 | 360,429,000 | 364,610,000 |
total assets | 856,806,000 | 1,157,237,000 | 1,161,788,000 | 1,238,481,000 | 1,412,970,000 | 1,464,344,000 | 1,709,694,000 | 1,578,577,000 | 1,556,253,000 | 721,084,000 | 450,793,000 | 294,278,000 | 435,512,000 | 438,226,000 |
Bank overdraft | ||||||||||||||
Bank loan | ||||||||||||||
Trade Creditors | 137,530,000 | 104,806,000 | 115,333,000 | 103,201,000 | 127,463,000 | 99,193,000 | 111,882,000 | 117,461,000 | 107,216,000 | 43,521,000 | 32,695,000 | 28,449,000 | 16,883,000 | 10,565,000 |
Group/Directors Accounts | 456,096,000 | 556,045,000 | 537,585,000 | 977,119,000 | 752,611,000 | 680,919,000 | 741,015,000 | 608,612,000 | 600,988,000 | 422,411,000 | 98,356,000 | 52,371,000 | 133,023,000 | 141,140,000 |
other short term finances | 4,746,000 | 3,266,000 | 2,085,000 | 635,000 | 8,416,000 | 49,847,000 | 166,704,000 | 44,238,000 | 40,804,000 | |||||
hp & lease commitments | 2,773,000 | 3,480,000 | 2,967,000 | 3,962,000 | ||||||||||
other current liabilities | 244,861,000 | 250,578,000 | 245,514,000 | 149,795,000 | 87,121,000 | 130,454,000 | 159,050,000 | 288,700,000 | 259,282,000 | 162,891,000 | 239,840,000 | 90,132,000 | 129,099,000 | 131,665,000 |
total current liabilities | 846,006,000 | 918,175,000 | 903,484,000 | 1,234,712,000 | 975,611,000 | 960,413,000 | 1,178,651,000 | 1,059,011,000 | 1,008,290,000 | 628,823,000 | 370,891,000 | 170,952,000 | 279,005,000 | 283,370,000 |
loans | 481,000 | 1,227,000 | ||||||||||||
hp & lease commitments | 14,906,000 | 17,494,000 | 6,040,000 | 8,740,000 | ||||||||||
Accruals and Deferred Income | ||||||||||||||
other liabilities | ||||||||||||||
provisions | 26,071,000 | 28,094,000 | 41,261,000 | 47,991,000 | 49,203,000 | 9,834,000 | 31,012,000 | 45,750,000 | 53,198,000 | 27,342,000 | 27,509,000 | |||
total long term liabilities | 40,977,000 | 45,588,000 | 47,301,000 | 56,731,000 | 49,203,000 | 10,315,000 | 32,239,000 | 108,250,000 | 122,098,000 | 83,442,000 | 91,909,000 | 57,100,000 | 31,244,000 | 15,552,000 |
total liabilities | 886,983,000 | 963,763,000 | 950,785,000 | 1,291,443,000 | 1,024,814,000 | 970,728,000 | 1,210,890,000 | 1,167,261,000 | 1,130,388,000 | 712,265,000 | 462,800,000 | 228,052,000 | 310,249,000 | 298,922,000 |
net assets | -30,177,000 | 193,474,000 | 211,003,000 | -52,962,000 | 388,156,000 | 493,616,000 | 498,804,000 | 411,316,000 | 425,865,000 | 8,819,000 | -12,007,000 | 66,226,000 | 125,263,000 | 139,304,000 |
total shareholders funds | -30,177,000 | 193,474,000 | 211,003,000 | -52,962,000 | 388,156,000 | 493,616,000 | 498,804,000 | 411,316,000 | 425,865,000 | 8,819,000 | -12,007,000 | 66,226,000 | 125,263,000 | 139,304,000 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | -173,120,000 | -35,532,000 | -123,801,000 | -114,798,000 | -215,245,000 | -27,069,000 | 181,573,000 | 9,678,000 | 30,510,000 | 30,052,000 | -66,106,000 | -19,316,000 | -5,208,000 | 18,462,000 |
Depreciation | 21,872,000 | 22,405,000 | 21,769,000 | 24,065,000 | 25,322,000 | 10,674,000 | 25,364,000 | 19,317,000 | 14,448,000 | 8,397,000 | 5,441,000 | 4,592,000 | 4,205,000 | 4,454,000 |
Amortisation | 1,846,000 | 4,839,000 | 6,721,000 | 7,275,000 | 10,376,000 | 3,435,000 | 4,848,000 | 3,536,000 | 6,298,000 | |||||
Tax | 23,372,000 | 19,307,000 | -3,484,000 | 7,385,000 | 17,234,000 | 8,455,000 | -22,669,000 | 1,009,000 | -8,536,000 | -15,651,000 | -4,506,000 | -11,137,000 | 5,909,000 | -2,234,000 |
Stock | 18,886,000 | -45,669,000 | 7,379,000 | -13,070,000 | 40,324,000 | -10,344,000 | -63,616,000 | -39,985,000 | 107,094,000 | 50,318,000 | 22,041,000 | 11,687,000 | -208,000 | 66,159,000 |
Debtors | -266,748,000 | 11,282,000 | -90,550,000 | 163,081,000 | -96,047,000 | -223,083,000 | 196,437,000 | 93,164,000 | 250,694,000 | 172,124,000 | 129,624,000 | -118,266,000 | -7,691,000 | 298,137,000 |
Creditors | 32,724,000 | -10,527,000 | 12,132,000 | -24,262,000 | 28,270,000 | -12,689,000 | -5,579,000 | 10,245,000 | 63,695,000 | 10,826,000 | 4,246,000 | 11,566,000 | 6,318,000 | 10,565,000 |
Accruals and Deferred Income | -5,717,000 | 5,064,000 | 95,719,000 | 62,674,000 | -43,333,000 | -28,596,000 | -129,650,000 | 29,418,000 | 96,391,000 | -76,949,000 | 149,708,000 | -38,967,000 | -2,566,000 | 131,665,000 |
Deferred Taxes & Provisions | -2,023,000 | -13,167,000 | -6,730,000 | -1,212,000 | 39,369,000 | -21,178,000 | -14,738,000 | -7,448,000 | 25,856,000 | -167,000 | 27,509,000 | |||
Cash flow from operations | 146,816,000 | 26,776,000 | 85,497,000 | -188,884,000 | -82,284,000 | 166,459,000 | -93,672,000 | 12,576,000 | -129,126,000 | -265,934,000 | -35,373,000 | 53,317,000 | 16,557,000 | -201,384,000 |
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 12,249,000 | 14,551,000 | 15,130,000 | -4,743,000 | -6,368,000 | -3,351,000 | -11,244,000 | 21,400,000 | 54,000 | -46,009,000 | 55,901,000 | |||
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | ||||||||||||||
Group/Directors Accounts | -99,949,000 | 18,460,000 | -439,534,000 | 224,508,000 | 71,692,000 | -60,096,000 | 132,403,000 | 7,624,000 | 178,577,000 | 324,055,000 | 45,985,000 | -80,652,000 | -8,117,000 | 141,140,000 |
Other Short Term Loans | 1,480,000 | 1,181,000 | 1,450,000 | -7,781,000 | -41,431,000 | -116,857,000 | 122,466,000 | 3,434,000 | 40,804,000 | |||||
Long term loans | -481,000 | -746,000 | 1,227,000 | |||||||||||
Hire Purchase and Lease Commitments | -3,295,000 | 11,967,000 | -3,695,000 | 12,702,000 | ||||||||||
other long term liabilities | ||||||||||||||
share issue | ||||||||||||||
interest | -8,696,000 | -329,000 | -3,314,000 | -7,777,000 | -5,074,000 | -5,449,000 | -17,365,000 | -3,667,000 | 7,971,000 | -2,017,000 | -55,000 | -245,000 | -425,000 | -1,152,000 |
cash flow from financing | -110,271,000 | 31,084,000 | -96,975,000 | 221,398,000 | 129,693,000 | -181,391,000 | 271,057,000 | 10,955,000 | 648,092,000 | 330,170,000 | 39,310,000 | -109,741,000 | -23,304,000 | 265,126,000 |
cash and cash equivalents | ||||||||||||||
cash | 8,240,000 | 1,439,000 | -348,000 | -3,372,000 | 7,355,000 | -2,797,000 | -12,880,000 | -25,680,000 | 13,693,000 | 25,277,000 | -9,923,000 | 10,340,000 | 3,718,000 | 314,000 |
overdraft | ||||||||||||||
change in cash | 8,240,000 | 1,439,000 | -348,000 | -3,372,000 | 7,355,000 | -2,797,000 | -12,880,000 | -25,680,000 | 13,693,000 | 25,277,000 | -9,923,000 | 10,340,000 | 3,718,000 | 314,000 |
baker hughes energy technology uk limited Credit Report and Business Information
Baker Hughes Energy Technology Uk Limited Competitor Analysis

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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Domenico Di Giambattista | United Kingdom | 46 years | Feb 2021 | - | Director |
Mr Romain Chambault | 46 years | Feb 2022 | - | Director | |
Ms Valentina Baldini | England | 46 years | Jan 2023 | - | Director |
Mr Andrew Barr | 41 years | May 2024 | - | Director | |
Mr David Firmani | 53 years | Jun 2024 | - | Director |
P&L
December 2022turnover
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 2022net 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
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 moreaccountant
-
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.
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baker hughes energy technology uk limited Companies House Filings - See Documents
date | description | view/download |
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