h.e. group ltd
h.e. group ltd Company Information
Company Number
02079614
Website
www.heservices.co.ukRegistered Address
whitewall road, strood, rochester, kent, ME2 4DZ
Industry
Activities of head offices
Renting and leasing of construction and civil engineering machinery and equipment
Telephone
02088042000
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
hugh robert edeleanu 50%
mary louise edeleanu 50%
h.e. group ltd Estimated Valuation
Pomanda estimates the enterprise value of H.E. GROUP LTD at £28.2m based on a Turnover of £26.6m and 1.06x industry multiple (adjusted for size and gross margin).
h.e. group ltd Estimated Valuation
Pomanda estimates the enterprise value of H.E. GROUP LTD at £102.6m based on an EBITDA of £17.7m and a 5.8x industry multiple (adjusted for size and gross margin).
h.e. group ltd Estimated Valuation
Pomanda estimates the enterprise value of H.E. GROUP LTD at £85.9m based on Net Assets of £33.8m and 2.54x industry multiple (adjusted for liquidity).
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H.e. Group Ltd Overview
H.e. Group Ltd is a live company located in rochester, ME2 4DZ with a Companies House number of 02079614. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 1986, it's largest shareholder is hugh robert edeleanu with a 50% stake. H.e. Group Ltd is a mature, large sized company, Pomanda has estimated its turnover at £26.6m with healthy growth in recent years.
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H.e. Group Ltd Health Check
Pomanda's financial health check has awarded H.E. Group Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £26.6m, make it larger than the average company (£16.3m)
£26.6m - H.e. Group Ltd
£16.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.5%)
8% - H.e. Group Ltd
5.5% - Industry AVG
Production
with a gross margin of 33.1%, this company has a comparable cost of product (33.8%)
33.1% - H.e. Group Ltd
33.8% - Industry AVG
Profitability
an operating margin of 32% make it more profitable than the average company (8.8%)
32% - H.e. Group Ltd
8.8% - Industry AVG
Employees
with 223 employees, this is above the industry average (92)
223 - H.e. Group Ltd
92 - Industry AVG
Pay Structure
on an average salary of £32.1k, the company has a lower pay structure (£44.3k)
£32.1k - H.e. Group Ltd
£44.3k - Industry AVG
Efficiency
resulting in sales per employee of £119.1k, this is less efficient (£203.3k)
£119.1k - H.e. Group Ltd
£203.3k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is near the average (54 days)
51 days - H.e. Group Ltd
54 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (49 days)
22 days - H.e. Group Ltd
49 days - Industry AVG
Stock Days
it holds stock equivalent to 26 days, this is in line with average (29 days)
26 days - H.e. Group Ltd
29 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is more cash available to meet short term requirements (11 weeks)
14 weeks - H.e. Group Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.1%, this is a similar level of debt than the average (58.4%)
55.1% - H.e. Group Ltd
58.4% - Industry AVG
H.E. GROUP LTD financials
H.E. Group Ltd's latest turnover from May 2023 is £26.6 million and the company has net assets of £33.8 million. According to their latest financial statements, H.E. Group Ltd has 223 employees and maintains cash reserves of £5.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 26,559,583 | 26,172,623 | 20,018,133 | 20,877,319 | 20,653,145 | 21,326,150 | 19,752,977 | 18,610,449 | 19,472,576 | 18,154,632 | 14,794,229 | 13,225,243 | 13,138,398 | 14,594,027 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 17,769,743 | 17,996,002 | 14,648,620 | 18,558,504 | 16,820,756 | 16,424,382 | 14,535,168 | 16,151,179 | 15,356,466 | 13,854,953 | 13,638,046 | 11,291,306 | 8,448,872 | 10,451,437 |
| Gross Profit | 8,789,840 | 8,176,621 | 5,369,513 | 2,318,815 | 3,832,389 | 4,901,768 | 5,217,809 | 2,459,270 | 4,116,110 | 4,299,679 | 1,156,183 | 1,933,937 | 4,689,526 | 4,142,590 |
| Admin Expenses | 298,941 | -411,174 | -203,246 | 809,205 | 616,585 | 1,410,448 | 1,356,196 | 1,753,989 | 1,438,902 | 3,162,080 | 3,675,099 | 4,134,670 | 3,086,189 | 4,036,612 |
| Operating Profit | 8,490,899 | 8,587,795 | 5,572,759 | 1,509,610 | 3,215,804 | 3,491,320 | 3,861,613 | 705,281 | 2,677,208 | 1,137,599 | -2,518,916 | -2,200,733 | 1,603,337 | 105,978 |
| Interest Payable | 1,137,543 | 991,383 | 1,056,968 | 1,112,739 | 905,802 | 1,039,109 | 1,207,035 | 1,496,383 | 1,424,857 | 1,391,105 | 1,415,943 | 754,139 | 538,860 | 990,357 |
| Interest Receivable | 68,704 | 73,261 | 55,658 | 59,229 | 63,525 | 64,336 | 66,996 | 59,207 | 52,859 | 50,267 | 47,143 | 50,893 | 51,217 | 53,980 |
| Pre-Tax Profit | 7,422,060 | 7,669,673 | 4,571,449 | 456,100 | 2,373,527 | 2,516,547 | 2,721,574 | -731,895 | 1,305,210 | 1,982,304 | -1,643,694 | 1,377,168 | 2,722,345 | 541,165 |
| Tax | -2,947,524 | -1,364,324 | -844,380 | -457,290 | -100,899 | -488,653 | -380,031 | 184,454 | -260,425 | -46,033 | 500,058 | -9,248 | -523,912 | -2,000 |
| Profit After Tax | 4,474,536 | 6,305,349 | 3,727,069 | -1,190 | 2,272,628 | 2,027,894 | 2,341,543 | -547,441 | 1,044,785 | 1,936,271 | -1,143,636 | 1,367,920 | 2,198,433 | 539,165 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 5,000 | 5,000 | 0 | 0 | 0 | 0 | 0 | 30,000 |
| Retained Profit | 4,474,536 | 6,305,349 | 3,727,069 | -1,190 | 2,272,628 | 2,027,894 | 2,336,543 | -552,441 | 1,044,785 | 1,936,271 | -1,143,636 | 1,367,920 | 2,198,433 | 509,165 |
| Employee Costs | 7,154,555 | 7,003,370 | 5,253,180 | 5,977,596 | 5,728,143 | 5,741,475 | 5,256,277 | 5,104,282 | 5,492,440 | 4,451,892 | 4,376,913 | 3,946,996 | 3,700,023 | 4,227,874 |
| Number Of Employees | 223 | 203 | 173 | 193 | 182 | 180 | 177 | 195 | 193 | 172 | 156 | 154 | 141 | 180 |
| EBITDA* | 17,680,552 | 17,345,581 | 14,362,275 | 13,121,019 | 13,131,561 | 12,396,075 | 11,733,222 | 9,689,337 | 10,789,118 | 8,217,161 | 5,187,054 | 3,946,625 | 5,363,459 | 5,295,024 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 61,657,245 | 56,065,963 | 49,145,042 | 55,737,788 | 68,514,557 | 50,350,820 | 53,091,267 | 48,655,803 | 50,138,030 | 45,505,553 | 49,328,513 | 40,661,912 | 27,741,524 | 26,500,374 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 2,340,695 | 2,340,695 | 2,340,695 | 2,340,695 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 63,997,940 | 58,406,658 | 51,485,737 | 58,078,483 | 68,514,557 | 50,350,820 | 53,091,267 | 48,655,803 | 50,138,030 | 45,505,553 | 49,328,513 | 40,661,912 | 27,741,524 | 26,500,374 |
| Stock & work in progress | 1,301,269 | 996,184 | 834,820 | 723,894 | 637,172 | 632,069 | 619,549 | 702,086 | 882,400 | 999,456 | 671,956 | 603,593 | 728,169 | 640,611 |
| Trade Debtors | 3,782,876 | 4,196,881 | 3,696,767 | 2,447,907 | 3,874,403 | 4,099,611 | 4,067,656 | 2,942,108 | 3,369,018 | 3,746,073 | 3,108,945 | 4,284,171 | 2,301,098 | 2,617,466 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 78,262 | 0 |
| Misc Debtors | 844,777 | 420,752 | 326,176 | 365,474 | 388,504 | 275,195 | 309,566 | 288,857 | 485,473 | 402,226 | 196,793 | 324,737 | 175,278 | 207,458 |
| Cash | 5,384,449 | 3,608,003 | 2,607,725 | 1,529,817 | 187,033 | 52,093 | 279,040 | 511,473 | 28,994 | 47,721 | 28,038 | 1,166,835 | 449,335 | 93,244 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,313,371 | 9,221,820 | 7,465,488 | 5,067,092 | 5,087,112 | 5,058,968 | 5,275,811 | 4,444,524 | 4,765,885 | 5,195,476 | 4,005,732 | 6,379,336 | 3,732,142 | 3,558,779 |
| total assets | 75,311,311 | 67,628,478 | 58,951,225 | 63,145,575 | 73,601,669 | 55,409,788 | 58,367,078 | 53,100,327 | 54,903,915 | 50,701,029 | 53,334,245 | 47,041,248 | 31,473,666 | 30,059,153 |
| Bank overdraft | 0 | 0 | 0 | 0 | 42,565 | 2,162,180 | 606,066 | 0 | 2,702,994 | 2,224,157 | 1,924,951 | 108,543 | 40,697 | 223,955 |
| Bank loan | 71,804 | 954,338 | 212,201 | 157,886 | 328,762 | 562,949 | 691,258 | 773,994 | 0 | 560,324 | 660,554 | 647,310 | 423,096 | 415,076 |
| Trade Creditors | 1,108,846 | 1,614,074 | 735,552 | 479,410 | 577,797 | 1,187,114 | 853,552 | 368,927 | 608,822 | 587,473 | 639,696 | 499,332 | 2,062,792 | 240,866 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 89,680 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,850 |
| hp & lease commitments | 13,803,714 | 13,884,259 | 15,741,626 | 12,313,443 | 20,037,205 | 12,649,505 | 15,653,461 | 15,272,188 | 13,956,204 | 13,743,576 | 15,482,438 | 10,442,581 | 5,295,552 | 8,829,800 |
| other current liabilities | 4,248,084 | 4,439,139 | 5,429,472 | 5,103,663 | 6,026,607 | 5,128,238 | 5,359,774 | 3,910,698 | 3,627,332 | 2,580,735 | 2,035,563 | 1,480,295 | 1,398,620 | 1,313,732 |
| total current liabilities | 19,232,448 | 20,891,810 | 22,118,851 | 18,054,402 | 27,012,936 | 21,689,986 | 23,164,111 | 20,325,807 | 20,895,352 | 19,696,265 | 20,743,202 | 13,178,061 | 9,220,757 | 11,123,959 |
| loans | 457,353 | 529,158 | 1,483,495 | 1,695,697 | 1,512,500 | 1,841,262 | 1,898,765 | 2,592,590 | 3,366,461 | 2,578,375 | 3,135,160 | 3,786,870 | 2,514,272 | 2,938,406 |
| hp & lease commitments | 15,397,113 | 12,575,405 | 8,929,219 | 20,778,247 | 22,675,758 | 11,846,221 | 15,180,972 | 14,484,078 | 14,241,809 | 13,404,818 | 16,290,665 | 15,267,405 | 6,607,109 | 5,274,904 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 6,425,545 | 4,307,789 | 3,400,693 | 3,325,331 | 3,107,387 | 3,011,859 | 3,130,664 | 3,041,829 | 3,191,829 | 2,857,892 | 2,937,810 | 3,437,868 | 3,128,404 | 2,917,193 |
| total long term liabilities | 22,280,011 | 17,412,352 | 13,813,407 | 25,799,275 | 27,295,645 | 16,699,342 | 20,210,401 | 20,118,497 | 20,800,099 | 18,841,085 | 22,363,635 | 22,492,143 | 12,249,785 | 11,130,503 |
| total liabilities | 41,512,459 | 38,304,162 | 35,932,258 | 43,853,677 | 54,308,581 | 38,389,328 | 43,374,512 | 40,444,304 | 41,695,451 | 38,537,350 | 43,106,837 | 35,670,204 | 21,470,542 | 22,254,462 |
| net assets | 33,798,852 | 29,324,316 | 23,018,967 | 19,291,898 | 19,293,088 | 17,020,460 | 14,992,566 | 12,656,023 | 13,208,464 | 12,163,679 | 10,227,408 | 11,371,044 | 10,003,124 | 7,804,691 |
| total shareholders funds | 33,798,852 | 29,324,316 | 23,018,967 | 19,291,898 | 19,293,088 | 17,020,460 | 14,992,566 | 12,656,023 | 13,208,464 | 12,163,679 | 10,227,408 | 11,371,044 | 10,003,124 | 7,804,691 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 8,490,899 | 8,587,795 | 5,572,759 | 1,509,610 | 3,215,804 | 3,491,320 | 3,861,613 | 705,281 | 2,677,208 | 1,137,599 | -2,518,916 | -2,200,733 | 1,603,337 | 105,978 |
| Depreciation | 9,189,653 | 8,757,786 | 8,789,516 | 11,611,409 | 9,915,757 | 8,904,755 | 7,871,609 | 8,984,056 | 8,111,910 | 7,079,562 | 7,705,970 | 6,147,358 | 3,760,122 | 5,171,147 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,899 |
| Tax | -2,947,524 | -1,364,324 | -844,380 | -457,290 | -100,899 | -488,653 | -380,031 | 184,454 | -260,425 | -46,033 | 500,058 | -9,248 | -523,912 | -2,000 |
| Stock | 305,085 | 161,364 | 110,926 | 86,722 | 5,103 | 12,520 | -82,537 | -180,314 | -117,056 | 327,500 | 68,363 | -124,576 | 87,558 | 640,611 |
| Debtors | 10,020 | 594,690 | 1,209,562 | -1,449,526 | -111,899 | -2,416 | 1,146,257 | -623,526 | -293,808 | 842,561 | -1,303,170 | 2,054,270 | -270,286 | 2,824,924 |
| Creditors | -505,228 | 878,522 | 256,142 | -98,387 | -609,317 | 333,562 | 484,625 | -239,895 | 21,349 | -52,223 | 140,364 | -1,563,460 | 1,821,926 | 240,866 |
| Accruals and Deferred Income | -191,055 | -990,333 | 325,809 | -922,944 | 898,369 | -231,536 | 1,449,076 | 283,366 | 1,046,597 | 545,172 | 555,268 | 81,675 | 84,888 | 1,313,732 |
| Deferred Taxes & Provisions | 2,117,756 | 907,096 | 75,362 | 217,944 | 95,528 | -118,805 | 88,835 | -150,000 | 333,937 | -79,918 | -500,058 | 309,464 | 211,211 | 2,917,193 |
| Cash flow from operations | 15,839,396 | 16,020,488 | 12,854,720 | 13,223,146 | 13,522,038 | 11,880,539 | 12,312,007 | 10,571,102 | 12,341,440 | 7,414,098 | 7,117,493 | 835,362 | 7,140,300 | 6,299,280 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 6,923,887 | 7,602,122 | 12,532,759 | 0 | 9,022,159 | 6,774,368 | 9,019,445 | 5,472,045 | 10,604,559 |
| Change in Investments | 0 | 0 | 0 | 2,340,695 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | -2,340,695 | 0 | 6,923,887 | 7,602,122 | 12,532,759 | 0 | 9,022,159 | 6,774,368 | 9,019,445 | 5,472,045 | 10,604,559 |
| Financing Activities | ||||||||||||||
| Bank loans | -882,534 | 742,137 | 54,315 | -170,876 | -234,187 | -128,309 | -82,736 | 773,994 | -560,324 | -100,230 | 13,244 | 224,214 | 8,020 | 415,076 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -89,680 | 89,680 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,850 | 10,850 |
| Long term loans | -71,805 | -954,337 | -212,202 | 183,197 | -328,762 | -57,503 | -693,825 | -773,871 | 788,086 | -556,785 | -651,710 | 1,272,598 | -424,134 | 2,938,406 |
| Hire Purchase and Lease Commitments | 2,741,163 | 1,788,819 | -8,420,845 | -9,621,273 | 18,217,237 | -6,338,707 | 1,078,167 | 1,558,253 | 1,049,619 | -4,624,709 | 6,063,117 | 13,807,325 | -2,202,043 | 14,104,704 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -1,068,839 | -918,122 | -1,001,310 | -1,053,510 | -842,277 | -974,773 | -1,140,039 | -1,437,176 | -1,371,998 | -1,340,838 | -1,368,800 | -703,246 | -487,643 | -936,377 |
| cash flow from financing | 717,985 | 658,497 | -9,580,042 | -10,662,462 | 16,812,011 | -7,499,292 | -838,433 | 121,200 | -94,617 | -6,622,562 | 4,055,851 | 14,600,891 | -3,206,330 | 23,917,865 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,776,446 | 1,000,278 | 1,077,908 | 1,342,784 | 134,940 | -226,947 | -232,433 | 482,479 | -18,727 | 19,683 | -1,138,797 | 717,500 | 356,091 | 93,244 |
| overdraft | 0 | 0 | 0 | -42,565 | -2,119,615 | 1,556,114 | 606,066 | -2,702,994 | 478,837 | 299,206 | 1,816,408 | 67,846 | -183,258 | 223,955 |
| change in cash | 1,776,446 | 1,000,278 | 1,077,908 | 1,385,349 | 2,254,555 | -1,783,061 | -838,499 | 3,185,473 | -497,564 | -279,523 | -2,955,205 | 649,654 | 539,349 | -130,711 |
h.e. group ltd Credit Report and Business Information
H.e. Group Ltd Competitor Analysis
Perform a competitor analysis for h.e. group ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in ME2 area or any other competitors across 12 key performance metrics.
h.e. group ltd Ownership
H.E. GROUP LTD group structure
H.E. Group Ltd has 9 subsidiary companies.
Ultimate parent company
H.E. GROUP LTD
02079614
9 subsidiaries
h.e. group ltd directors
H.E. Group Ltd currently has 4 directors. The longest serving directors include Mr Hugh Edeleanu (Feb 1992) and Mr Peter Durey (Dec 1998).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hugh Edeleanu | 68 years | Feb 1992 | - | Director | |
| Mr Peter Durey | England | 64 years | Dec 1998 | - | Director |
| Ms Clare Luscombe | 45 years | Mar 2016 | - | Director | |
| Mr Brendan Walsh | England | 52 years | Mar 2023 | - | Director |
P&L
May 2023turnover
26.6m
+1%
operating profit
8.5m
-1%
gross margin
33.1%
+5.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
33.8m
+0.15%
total assets
75.3m
+0.11%
cash
5.4m
+0.49%
net assets
Total assets minus all liabilities
h.e. group ltd company details
company number
02079614
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
77320 - Renting and leasing of construction and civil engineering machinery and equipment
incorporation date
December 1986
age
38
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
May 2023
previous names
h.e. services (plant hire) ltd. (June 1999)
accountant
-
auditor
BEAK KEMMENOE
address
whitewall road, strood, rochester, kent, ME2 4DZ
Bank
SANTANDER UK
Legal Advisor
-
h.e. group ltd 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 26 charges/mortgages relating to h.e. group ltd. Currently there are 1 open charges and 25 have been satisfied in the past.
h.e. group ltd Companies House Filings - See Documents
| date | description | view/download |
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