Hyve Solutions Europe Limited

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hyve solutions europe limited Company Information

Live

MatureMegaHealthy

Company Number

02311223

Next Accounts

83 days late

Industry

Other information technology and computer service activities

Directors

Marshall Witt

Daniel Brennan

Shareholders

hyve solutions uk limited

Group Structure

View All

Contact

Registered Address

maplewood crockford lane, chineham park, basingstoke, hampshire, RG24 8YB

Website

https://www.synnexuk.com

hyve solutions europe limited Estimated Valuation

£836.4m

Pomanda estimates the enterprise value of HYVE SOLUTIONS EUROPE LIMITED at £836.4m based on a Turnover of £917.8m and 0.91x industry multiple (adjusted for size and gross margin).

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Hyve Solutions Europe Limited is a live company located in basingstoke, RG24 8YB with a Companies House number of 02311223. It operates in the other information technology service activities sector, SIC Code 62090. Founded in November 1988, it's largest shareholder is hyve solutions uk limited with a 100% stake. Hyve Solutions Europe Limited is a mature, mega sized company, Pomanda has estimated its turnover at £917.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Hyve Solutions Europe Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

1 Regular

3 Weak

Size

annual sales of £917.8m, make it larger than the average company (£5.6m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (5.2%)

EXPORT

Hyve Solutions Europe Limited's latest turnover from November 2022 is £917.8 million and the company has net assets of £240.8 million. According to their latest financial statements, Hyve Solutions Europe Limited has 182 employees and maintains cash reserves of £5.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011
Turnover	917,820,846	892,491,536	708,699,964	763,527,325	462,627,427	614,716,406	327,020,798	175,653,422	144,591,091	16,669,272	773,843	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	830,645,238	848,797,356	667,254,434	727,363,735	451,575,394	588,224,237	310,800,869	161,777,122	143,733,323	16,506,448	766,067	2,355
Gross Profit	87,175,609	43,694,180	41,445,530	36,163,590	11,052,033	26,492,168	16,219,929	13,876,300	857,767	162,824	7,776	-2,355
Admin Expenses	288,348	882,637	641,332	534,202	474,818	1,092,333	864,505	878,473	578,880	776,996	104,984	168,379
Operating Profit	86,887,261	42,811,543	40,804,198	35,629,388	10,577,215	25,399,835	15,355,424	12,997,827	278,887	-614,172	-97,208	-170,734
Interest Payable	7,499,409	930,195	0	0	0	0	0	0	0	0	0	0
Interest Receivable	232,411	960,825	3,315,237	2,274,339	493,780	705,688	288,685	179,264	129,644	88,576	96,267	122,022
Pre-Tax Profit	79,620,263	42,842,173	44,119,435	37,903,728	11,070,995	26,105,523	15,644,110	14,327,177	408,532	-525,596	-941	-48,712
Tax	-10,324,588	-8,358,053	-8,290,988	-7,304,379	-2,231,493	-5,084,913	-3,109,576	-2,542,294	0	140,029	0	0
Profit After Tax	69,295,675	34,484,121	35,828,447	30,599,349	8,839,502	21,020,610	12,534,534	11,784,883	408,532	-385,567	-941	-48,712
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	69,295,675	34,484,121	35,828,447	30,599,349	8,839,502	21,020,610	12,534,534	11,784,883	408,532	-385,567	-941	-48,712
Employee Costs	6,398,802	6,069,644	3,973,941	2,782,483	2,530,340	1,861,500	1,008,847	1,003,415	681,390	169,337	0	0
Number Of Employees	182	146	125	105	92	60	30	31	19	8	2	1
EBITDA*	88,305,365	43,546,671	41,230,547	36,036,193	10,948,119	25,737,016	15,643,334	13,255,471	522,349	-431,158	53,984	-4,801

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011
Tangible Assets	4,412,668	7,231,178	4,256,967	4,366,992	3,746,207	3,494,641	3,406,022	3,540,276	4,364,965	3,742,998	3,279,880	3,718,960
Intangible Assets	1,638,698	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	2,454,109	2,510,882	1,878,393	1,876,945	2,816,292	3,531,739	1,825,237	1,753,065	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	8,505,475	9,742,060	6,135,360	6,243,938	6,562,500	7,026,381	5,231,259	5,293,342	4,364,966	3,742,999	3,279,880	3,718,960
Stock & work in progress	347,367,841	308,819,120	259,177,705	205,258,053	193,492,112	127,290,190	103,364,892	45,544,001	48,963,594	2,405,888	0	0
Trade Debtors	3,342,787	4,061,744	34,384,365	123,028,592	74,129,248	83,338,005	27,727,767	26,548,968	41,931,861	11,826,886	223,462	0
Group Debtors	321,836,445	64,561,502	94,796,235	79,763,300	40,343,598	42,039,571	24,437,373	9,961,198	9,840,205	0	5,482,271	6,306,652
Misc Debtors	11,225,872	564,243	12,399,565	14,311,255	20,539,290	6,529,266	10,180,040	5,819,494	3,703,173	0	48,780	51,863
Cash	5,515	4,534,096	23,519,363	10,469,779	33,720,419	10,243,199	21,564,489	3,749,030	1,077,109	3,122,313	727,312	284,057
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	683,778,461	382,540,706	424,277,235	432,830,981	362,224,666	269,440,231	187,274,562	91,622,691	105,515,942	17,355,087	6,481,826	6,642,572
total assets	692,283,936	392,282,766	430,412,595	439,074,919	368,787,166	276,466,612	192,505,820	96,916,033	109,880,908	21,098,085	9,761,706	10,361,533
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	108,210,037	117,344,833	115,992,038	103,491,857	118,891,080	53,693,322	38,428,527	18,101,816	495,967	13,418,653	70,379	0
Group/Directors Accounts	326,083,668	87,743,028	171,964,531	228,461,817	182,440,079	159,785,655	116,939,314	54,833,152	99,152,031	0	2,284,834	2,169,739
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	731,111	752,861	0	0	0	0	0	0	0	0	0	0
other current liabilities	15,382,494	8,320,167	13,685,848	13,358,668	3,750,758	5,022,258	2,360,701	1,738,320	936,911	0	62,433	210,490
total current liabilities	450,407,311	214,160,890	301,642,418	345,312,342	305,081,917	218,501,237	157,728,543	74,673,289	100,584,910	13,418,653	2,417,647	2,380,230
loans	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	960,371	1,882,153	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	4,668	25,072
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0
provisions	107,933	831,855	2,219,326	3,040,173	704,641	0	0	0	0	0	0	0
total long term liabilities	1,068,305	2,714,009	2,219,327	3,040,174	704,642	0	0	0	0	0	4,669	25,072
total liabilities	451,475,616	216,874,899	303,861,744	348,352,515	305,786,559	218,501,237	157,728,543	74,673,289	100,584,910	13,418,653	2,422,316	2,405,302
net assets	240,808,320	175,407,867	126,550,851	90,722,403	63,000,607	57,965,375	34,777,278	22,242,744	9,295,998	7,679,432	7,339,391	7,956,231
total shareholders funds	240,808,320	175,407,867	126,550,851	90,722,403	63,000,607	57,965,375	34,777,278	22,242,744	9,295,998	7,679,432	7,339,391	7,956,231

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	86,887,261	42,811,543	40,804,198	35,629,388	10,577,215	25,399,835	15,355,424	12,997,827	278,887	-614,172	-97,208	-170,734	0	0
Depreciation	1,418,104	735,128	426,348	406,804	370,904	337,181	287,909	257,644	243,461	183,014	151,192	165,933	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-10,324,588	-8,358,053	-8,290,988	-7,304,379	-2,231,493	-5,084,913	-3,109,576	-2,542,294	0	140,029	0	0	0	0
Stock	38,548,721	49,641,414	53,919,653	11,765,941	66,201,922	23,925,297	57,820,891	-3,419,593	46,557,706	2,405,888	0	0	0	0
Debtors	267,217,616	-72,392,677	-75,522,982	82,091,013	3,105,293	69,561,662	20,015,520	-13,145,579	43,648,354	6,072,371	-604,001	6,358,515	0	0
Creditors	-9,134,796	1,352,796	12,500,181	-15,399,223	65,197,758	15,264,795	20,326,711	17,605,848	-12,922,686	13,348,274	70,379	0	0	0
Accruals and Deferred Income	7,062,327	-5,365,681	327,180	9,607,910	-1,271,500	2,661,557	622,381	801,409	936,911	-67,101	-168,461	235,562	0	0
Deferred Taxes & Provisions	-723,922	-1,387,471	-820,847	2,335,532	704,641	0	0	0	0	0	0	0	0	0
Cash flow from operations	-230,581,951	52,539,525	66,549,401	-68,580,922	4,040,310	-54,908,504	-44,353,562	45,685,606	-101,669,487	4,511,785	559,903	-6,127,754	0	0
Investing Activities
capital expenditure	-238,293	-3,709,339	-316,323	-1,027,589	-622,470	-425,800	-153,655	567,045	-865,428	-646,132	287,888	0	0	0
Change in Investments	-56,773	632,489	1,448	-939,347	-715,447	1,706,503	72,171	1,753,065	0	0	0	0	0	0
cash flow from investments	-181,520	-4,341,828	-317,771	-88,242	92,977	-2,132,303	-225,826	-1,186,020	-865,428	-646,132	287,888	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	238,340,641	-84,221,504	-56,497,286	46,021,738	22,654,423	42,846,341	62,106,162	-44,318,879	99,152,031	-2,284,834	115,095	2,169,739	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-943,532	2,635,014	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	-3,895,223	14,372,896	0	-2,877,553	-3,804,270	2,167,487	0	1,161,863	1,208,034	725,608	-615,899	8,004,943	0	0
interest	-7,266,998	30,630	3,315,237	2,274,339	493,780	705,688	288,685	179,264	129,644	88,576	96,267	122,022	0	0
cash flow from financing	226,234,888	-67,182,964	-53,182,049	45,418,524	19,343,933	45,719,516	62,394,847	-42,977,752	100,489,709	-1,470,650	-404,537	10,296,704	0	0
cash and cash equivalents
cash	-4,528,582	-18,985,267	13,049,584	-23,250,639	23,477,220	-11,321,290	17,815,459	2,671,921	-2,045,205	2,395,001	443,255	284,057	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-4,528,582	-18,985,267	13,049,584	-23,250,639	23,477,220	-11,321,290	17,815,459	2,671,921	-2,045,205	2,395,001	443,255	284,057	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HYVE SOLUTIONS EUROPE LIMITED group structure

Hyve Solutions Europe Limited has no subsidiary companies.

Ultimate parent company

HYVE SOLUTIONS US GLOBAL HOLDING CORP

#0103255

HYVE SOLUTIONS UK LIMITED

13606551

2 parents

HYVE SOLUTIONS EUROPE LIMITED

02311223

HYVE SOLUTIONS EUROPE LIMITED Shareholders

hyve solutions uk limited

100%

Hyve Solutions Europe Limited currently has 2 directors. The longest serving directors include Mr Marshall Witt (Dec 2021) and Mr Daniel Brennan (Mar 2024).

officer	country	age	start	end	role
Mr Marshall Witt	United Kingdom	59 years	Dec 2021	-	Director
Mr Daniel Brennan	United Kingdom	63 years	Mar 2024	-	Director

P&L

November 2022

turnover

917.8m

+3%

operating profit

86.9m

+103%

gross margin

9.5%

+94.01%

turnover

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

Balance Sheet

November 2022

net assets

240.8m

+0.37%

total assets

692.3m

+0.76%

cash

5.5k

-1%

net assets

Total assets minus all liabilities

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company number

02311223

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

November 1988

ultimate parent company

HYVE SOLUTIONS US GLOBAL HOLDING CORP

previous names

synnex information technologies (uk) limited (September 2015)

mitac europe limited (October 2000)

address

maplewood crockford lane, chineham park, basingstoke, hampshire, RG24 8YB

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 2 charges/mortgages relating to hyve solutions europe limited. Currently there are 0 open charges and 2 have been satisfied in the past.

hyve solutions europe limited Company Information

hyve solutions europe limited Estimated Valuation

hyve solutions europe limited Estimated Valuation

hyve solutions europe limited Estimated Valuation

Hyve Solutions Europe Limited Overview

Hyve Solutions Europe Limited Health Check

HYVE SOLUTIONS EUROPE LIMITED financials

hyve solutions europe limited Credit Report and Business Information

Hyve Solutions Europe Limited Competitor Analysis

hyve solutions europe limited Ownership

hyve solutions europe limited directors

hyve solutions europe limited company details

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