american express services europe limited

american express services europe limited Company Information

Share AMERICAN EXPRESS SERVICES EUROPE LIMITED
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Company Number

01833139

Industry

Other business support service activities n.e.c.

 

Directors

David Bailey

Lucy Fenwick

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Shareholders

american express holdings limited

american express holdings netherlands c.v.

Group Structure

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Contact

Registered Address

belgrave house, 76 buckingham palace road, london, SW1W 9AX

american express services europe limited Estimated Valuation

£2.5b

Pomanda estimates the enterprise value of AMERICAN EXPRESS SERVICES EUROPE LIMITED at £2.5b based on a Turnover of £2.1b and 1.21x industry multiple (adjusted for size and gross margin).

american express services europe limited Estimated Valuation

£871.7m

Pomanda estimates the enterprise value of AMERICAN EXPRESS SERVICES EUROPE LIMITED at £871.7m based on an EBITDA of £101.6m and a 8.58x industry multiple (adjusted for size and gross margin).

american express services europe limited Estimated Valuation

£2.8b

Pomanda estimates the enterprise value of AMERICAN EXPRESS SERVICES EUROPE LIMITED at £2.8b based on Net Assets of £1.2b and 2.37x industry multiple (adjusted for liquidity).

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American Express Services Europe Limited Overview

American Express Services Europe Limited is a live company located in london, SW1W 9AX with a Companies House number of 01833139. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 1984, it's largest shareholder is american express holdings limited with a 83.4% stake. American Express Services Europe Limited is a mature, mega sized company, Pomanda has estimated its turnover at £2.1b with high growth in recent years.

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American Express Services Europe Limited Health Check

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

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £2.1b, make it larger than the average company (£4.8m)

£2.1b - American Express Services Europe Limited

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (6.7%)

23% - American Express Services Europe Limited

6.7% - Industry AVG

production

Production

with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)

38.2% - American Express Services Europe Limited

38.2% - Industry AVG

profitability

Profitability

an operating margin of 3.5% make it less profitable than the average company (5.7%)

3.5% - American Express Services Europe Limited

5.7% - Industry AVG

employees

Employees

with 4322 employees, this is above the industry average (27)

4322 - American Express Services Europe Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £107.1k, the company has a higher pay structure (£54k)

£107.1k - American Express Services Europe Limited

£54k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £479.1k, this is more efficient (£171.5k)

£479.1k - American Express Services Europe Limited

£171.5k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - American Express Services Europe Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 19 days, this is quicker than average (32 days)

19 days - American Express Services Europe Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1 days, this is less than average (33 days)

1 days - American Express Services Europe Limited

33 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (22 weeks)

4 weeks - American Express Services Europe Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 67%, this is a similar level of debt than the average (62.4%)

67% - American Express Services Europe Limited

62.4% - Industry AVG

AMERICAN EXPRESS SERVICES EUROPE LIMITED financials

EXPORTms excel logo

American Express Services Europe Limited's latest turnover from December 2023 is £2.1 billion and the company has net assets of £1.2 billion. According to their latest financial statements, American Express Services Europe Limited has 4,322 employees and maintains cash reserves of £191.1 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
Turnover2,070,638,0001,694,457,0001,201,035,0001,110,968,0001,478,522,0001,912,082,0001,739,529,0001,253,123,0001,080,172,0001,040,025,0001,151,808,0001,098,509,0001,110,034,0001,063,256,0001,029,967,000
Other Income Or Grants000000000000000
Cost Of Sales1,280,080,8601,044,155,358751,869,782698,335,977924,539,1771,200,350,8631,085,034,994776,518,041686,780,468670,873,507749,024,497703,213,595695,332,703650,225,3960
Gross Profit790,557,140650,301,642449,165,218412,632,023553,982,823711,731,137654,494,006476,604,959393,391,532369,151,493402,783,503395,295,405414,701,297413,030,6040
Admin Expenses717,762,140507,333,642361,561,218487,166,023312,726,823528,979,137430,093,006420,465,959313,262,532246,275,493315,322,503284,271,405258,429,297281,156,604-98,268,000
Operating Profit72,795,000142,968,00087,604,000-74,534,000241,256,000182,752,000224,401,00056,139,00080,129,000122,876,00087,461,000111,024,000156,272,000131,874,00098,268,000
Interest Payable74,079,00027,351,0008,579,0008,256,00017,045,00029,189,00027,225,00029,397,00033,159,00049,917,00059,850,00068,900,00076,770,00067,445,00068,933,000
Interest Receivable47,046,0008,983,0004,375,0007,177,00017,399,0003,999,0008,391,0006,970,0004,139,0003,005,0002,421,0002,136,0003,649,0003,717,0001,726,000
Pre-Tax Profit45,762,000124,600,00083,400,000-75,613,000232,331,000157,562,000205,567,00033,712,00051,109,00075,964,00049,889,00044,260,00088,341,00068,146,00032,126,000
Tax-10,951,000-29,921,000-16,399,00017,238,000-43,256,000-42,465,00016,692,000-720,000-15,506,000-10,963,000-26,044,000-15,608,000-32,100,000-27,644,000-22,692,000
Profit After Tax34,811,00094,679,00067,001,000-58,375,000189,075,000115,097,000222,259,00032,992,00035,603,00065,001,00023,845,00028,652,00056,241,00040,502,0009,434,000
Dividends Paid000000000127,669,00000000
Retained Profit34,811,00094,679,00067,001,000-58,375,000189,075,000115,097,000222,259,00032,992,00035,603,000-62,668,00023,845,00028,652,00056,241,00040,502,0009,434,000
Employee Costs463,063,000433,842,000371,220,000335,410,000365,624,000416,051,000392,414,000377,972,000349,722,000334,222,000336,378,000317,373,000303,836,000289,397,000267,434,000
Number Of Employees4,3224,1254,0134,2124,3855,2295,1555,2885,1825,1735,2005,1615,0064,7013,985
EBITDA*101,575,000170,084,000109,251,000-52,027,000262,985,000197,825,000256,575,00090,262,000108,027,000136,131,000105,036,000124,128,000166,791,000143,737,000109,837,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets61,233,00050,983,000118,880,000129,317,00082,569,00055,912,00072,617,00082,012,00085,768,00063,409,00056,910,00067,187,00057,124,00052,056,00053,450,000
Intangible Assets57,801,00060,511,000002,802,0003,075,0003,568,00052,325,00050,756,00027,031,00000000
Investments & Other140,768,000140,768,000140,793,000140,796,000139,155,00054,718,000885,000758,000641,0000000778,000820,000
Debtors (Due After 1 year)00130,729,000760,445,0001,335,535,000122,038,000144,923,00000000000
Total Fixed Assets259,802,000252,262,000390,402,0001,030,558,0001,560,061,000235,743,000221,993,000135,095,000137,165,00090,440,00056,910,00067,187,00057,124,00052,834,00054,270,000
Stock & work in progress5,383,0005,902,0007,254,0009,199,0008,457,00011,00077,000250,000318,000357,000302,000544,000649,000646,000591,000
Trade Debtors03,005,830,00000000001,348,711,0002,574,586,0002,605,172,0002,418,987,0002,126,526,0002,149,201,000
Group Debtors2,073,951,00002,244,579,0001,146,898,000314,674,000333,605,000136,892,00064,320,000209,955,0001,797,998,000921,572,000663,017,000514,700,000702,922,000370,968,000
Misc Debtors1,086,406,0000552,291,000244,579,000408,818,0003,343,994,0006,147,615,0005,059,470,0004,150,562,000201,332,000208,518,000211,506,000204,894,000206,621,000190,393,000
Cash191,105,000370,458,000283,026,000378,766,000397,772,000360,734,000375,005,000292,229,000256,601,000185,001,000262,768,000208,897,000319,367,000351,781,000271,021,000
misc current assets000003,385,274,000000000000
total current assets3,356,845,0003,382,190,0003,087,150,0001,779,442,0001,129,721,0007,423,618,0006,659,589,0005,416,269,0004,617,436,0003,533,399,0003,967,746,0003,689,136,0003,458,597,0003,388,496,0002,982,174,000
total assets3,616,647,0003,634,452,0003,477,552,0002,810,000,0002,689,782,0007,659,361,0006,881,582,0005,551,364,0004,754,601,0003,623,839,0004,024,656,0003,756,323,0003,515,721,0003,441,330,0003,036,444,000
Bank overdraft003,806,000102,236,00088,540,00071,655,000199,499,00045,530,000152,314,000236,999,00083,153,000123,358,000182,298,000222,652,000181,893,000
Bank loan0000000003,265,00000000
Trade Creditors 68,681,00070,828,00047,260,00026,744,000106,665,00066,050,00076,081,000101,645,00056,529,00033,494,00028,464,00029,842,00031,077,00044,376,00037,329,000
Group/Directors Accounts1,432,823,000307,584,00055,496,000676,948,000235,084,0003,527,309,0003,767,196,0002,910,277,0002,222,433,0001,128,827,0001,643,580,0001,376,734,0001,117,794,0001,040,173,000767,892,000
other short term finances5,276,00035,856,0005,431,0008,840,00022,921,00010,442,000044,253,00015,425,0004,261,00000000
hp & lease commitments8,081,0008,429,0005,183,0006,301,00010,232,000581,000178,00049,00046,00044,00000000
other current liabilities539,960,000628,822,000409,982,000369,012,000482,023,0002,784,032,000630,081,000689,467,000618,988,000595,231,000435,984,000419,359,000413,195,000424,177,000383,053,000
total current liabilities2,054,821,0001,051,519,000527,158,0001,190,081,000945,465,0006,460,069,0004,673,035,0003,791,221,0003,065,735,0002,002,121,0002,191,181,0001,949,293,0001,744,364,0001,731,378,0001,370,167,000
loans84,851,0001,175,554,0001,654,710,000421,418,000523,641,00069,440,0001,250,000,0001,250,000,0001,250,000,0001,250,000,0001,250,000,0001,250,000,0001,250,000,0001,250,000,0001,250,000,000
hp & lease commitments60,520,00063,097,00076,289,00082,083,00028,772,0008,048,0008,630,0008,808,0008,856,0008,551,00000000
Accruals and Deferred Income000000000000000
other liabilities2,615,0001,900,0003,108,0002,855,0002,966,0003,701,0004,281,0003,906,0004,323,0004,814,0006,039,0006,660,0006,934,0007,583,0008,378,000
provisions219,766,000191,606,000155,187,000125,542,000142,338,000263,493,000230,909,00047,903,00021,519,00020,332,000188,962,000179,533,000172,674,000170,682,000174,452,000
total long term liabilities367,752,0001,432,157,0001,889,294,000631,898,000697,717,000344,682,0001,493,820,0001,310,617,0001,284,698,0001,283,697,0001,445,001,0001,436,193,0001,429,608,0001,428,265,0001,432,830,000
total liabilities2,422,573,0002,483,676,0002,416,452,0001,821,979,0001,643,182,0006,804,751,0006,166,855,0005,101,838,0004,350,433,0003,285,818,0003,636,182,0003,385,486,0003,173,972,0003,159,643,0002,802,997,000
net assets1,194,074,0001,150,776,0001,061,100,000988,021,0001,046,600,000854,610,000714,727,000449,526,000404,168,000338,021,000388,474,000370,837,000341,749,000281,687,000233,447,000
total shareholders funds1,194,074,0001,150,776,0001,061,100,000988,021,0001,046,600,000854,610,000714,727,000449,526,000404,168,000338,021,000388,474,000370,837,000341,749,000281,687,000233,447,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit72,795,000142,968,00087,604,000-74,534,000241,256,000182,752,000224,401,00056,139,00080,129,000122,876,00087,461,000111,024,000156,272,000131,874,00098,268,000
Depreciation20,319,00019,341,00021,647,00022,461,00021,456,00014,546,00014,773,00016,112,00014,941,00013,255,00017,575,00013,104,00010,519,00011,863,00011,569,000
Amortisation8,461,0007,775,000046,000273,000527,00017,401,00018,011,00012,957,000000000
Tax-10,951,000-29,921,000-16,399,00017,238,000-43,256,000-42,465,00016,692,000-720,000-15,506,000-10,963,000-26,044,000-15,608,000-32,100,000-27,644,000-22,692,000
Stock-519,000-1,352,000-1,945,000742,0008,446,000-66,000-173,000-68,000-39,00055,000-242,000-105,0003,00055,000591,000
Debtors154,527,00078,231,000775,677,00092,895,000-1,740,610,000-2,629,793,0001,305,640,000763,273,0001,012,476,000-356,635,000224,981,000341,114,000102,512,000325,507,0002,710,562,000
Creditors-2,147,00023,568,00020,516,000-79,921,00040,615,000-10,031,000-25,564,00045,116,00023,035,0005,030,000-1,378,000-1,235,000-13,299,0007,047,00037,329,000
Accruals and Deferred Income-88,862,000218,840,00040,970,000-113,011,000-2,302,009,0002,153,951,000-59,386,00070,479,00023,757,000159,247,00016,625,0006,164,000-10,982,00041,124,000383,053,000
Deferred Taxes & Provisions28,160,00036,419,00029,645,000-16,796,000-121,155,00032,584,000183,006,00026,384,0001,187,000-168,630,0009,429,0006,859,0001,992,000-3,770,000174,452,000
Cash flow from operations-126,233,000342,111,000-589,749,000-338,154,000-430,656,0004,961,723,000-934,144,000-531,684,000-871,937,000477,395,000-121,071,000-220,701,0009,887,000-165,068,000-2,029,174,000
Investing Activities
capital expenditure-36,320,000-19,730,000-11,210,000-66,453,000-48,113,0002,125,00025,978,000-31,936,000-73,982,000-46,785,000-7,298,000-23,167,000-15,587,000-10,469,000-65,019,000
Change in Investments0-25,000-3,0001,641,00084,437,00053,833,000127,000117,000641,000000-778,000-42,000820,000
cash flow from investments-36,320,000-19,705,000-11,207,000-68,094,000-132,550,000-51,708,00025,851,000-32,053,000-74,623,000-46,785,000-7,298,000-23,167,000-14,809,000-10,427,000-65,839,000
Financing Activities
Bank loans00000000-3,265,0003,265,00000000
Group/Directors Accounts1,125,239,000252,088,000-621,452,000441,864,000-3,292,225,000-239,887,000856,919,000687,844,0001,093,606,000-514,753,000266,846,000258,940,00077,621,000272,281,000767,892,000
Other Short Term Loans -30,580,00030,425,000-3,409,000-14,081,00012,479,00010,442,000-44,253,00028,828,00011,164,0004,261,00000000
Long term loans-1,090,703,000-479,156,0001,233,292,000-102,223,000454,201,000-1,180,560,000000000001,250,000,000
Hire Purchase and Lease Commitments-2,925,000-9,946,000-6,912,00049,380,00030,375,000-179,000-49,000-45,000307,0008,595,00000000
other long term liabilities715,000-1,208,000253,000-111,000-735,000-580,000375,000-417,000-491,000-1,225,000-621,000-274,000-649,000-795,0008,378,000
share issue8,487,000-5,003,0006,078,000-204,0002,915,00024,786,00042,942,00012,366,00030,544,00012,215,000-6,208,000436,0003,821,0007,738,000224,013,000
interest-27,033,000-18,368,000-4,204,000-1,079,000354,000-25,190,000-18,834,000-22,427,000-29,020,000-46,912,000-57,429,000-66,764,000-73,121,000-63,728,000-67,207,000
cash flow from financing-16,800,000-231,168,000603,646,000373,546,000-2,792,636,000-1,411,168,000837,100,000706,149,0001,102,845,000-534,554,000202,588,000192,338,0007,672,000215,496,0002,183,076,000
cash and cash equivalents
cash-179,353,00087,432,000-95,740,000-19,006,00037,038,000-14,271,00082,776,00035,628,00071,600,000-77,767,00053,871,000-110,470,000-32,414,00080,760,000271,021,000
overdraft0-3,806,000-98,430,00013,696,00016,885,000-127,844,000153,969,000-106,784,000-84,685,000153,846,000-40,205,000-58,940,000-40,354,00040,759,000181,893,000
change in cash-179,353,00091,238,0002,690,000-32,702,00020,153,000113,573,000-71,193,000142,412,000156,285,000-231,613,00094,076,000-51,530,0007,940,00040,001,00089,128,000

american express services europe limited 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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American Express Services Europe Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for american express services europe limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in SW1W area or any other competitors across 12 key performance metrics.

american express services europe limited Ownership

AMERICAN EXPRESS SERVICES EUROPE LIMITED group structure

American Express Services Europe Limited has no subsidiary companies.

Ultimate parent company

AMERICAN EXPRESS CO

#0005380

2 parents

AMERICAN EXPRESS SERVICES EUROPE LIMITED

01833139

AMERICAN EXPRESS SERVICES EUROPE LIMITED Shareholders

american express holdings limited 83.4%
american express holdings netherlands c.v. 16.6%

american express services europe limited directors

American Express Services Europe Limited currently has 7 directors. The longest serving directors include Mr David Bailey (Sep 2012) and Ms Lucy Fenwick (Jul 2019).

officercountryagestartendrole
Mr David BaileyUnited Kingdom56 years Sep 2012- Director
Ms Lucy Fenwick55 years Jul 2019- Director
Ms Hannah Lewis46 years Feb 2020- Director
Ms Beverly Sawyers61 years Mar 2020- Director
Ms Arti Aggarwal45 years Oct 2022- Director
Mr Christopher Taylor46 years Nov 2022- Director
Mrs Ruchi Sharma39 years Aug 2024- Director

P&L

December 2023

turnover

2.1b

+22%

operating profit

72.8m

-49%

gross margin

38.2%

-0.52%

turnover

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

Balance Sheet

December 2023

net assets

1.2b

+0.04%

total assets

3.6b

0%

cash

191.1m

-0.48%

net assets

Total assets minus all liabilities

american express services europe limited company details

company number

01833139

Type

Private limited with Share Capital

industry

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

incorporation date

July 1984

age

41

incorporated

UK

ultimate parent company

AMERICAN EXPRESS CO

accounts

Full Accounts

last accounts submitted

December 2023

previous names

american express services limited (March 1995)

cableheron limited (June 1985)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

belgrave house, 76 buckingham palace road, london, SW1W 9AX

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

american express services europe 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 3 charges/mortgages relating to american express services europe limited. Currently there are 0 open charges and 3 have been satisfied in the past.

american express services europe 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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american express services europe limited Companies House Filings - See Documents

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