abs europe ltd.

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abs europe ltd. Company Information

Share ABS EUROPE LTD.

Company Number

02562251

Shareholders

american bureau of shipping

abs group of companies inc.

Group Structure

View All

Industry

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

 

Registered Address

111 old broad street, london, EC2N 1AP

abs europe ltd. Estimated Valuation

£59m

Pomanda estimates the enterprise value of ABS EUROPE LTD. at £59m based on a Turnover of £59.6m and 0.99x industry multiple (adjusted for size and gross margin).

abs europe ltd. Estimated Valuation

£23.2m

Pomanda estimates the enterprise value of ABS EUROPE LTD. at £23.2m based on an EBITDA of £3.5m and a 6.6x industry multiple (adjusted for size and gross margin).

abs europe ltd. Estimated Valuation

£100.5m

Pomanda estimates the enterprise value of ABS EUROPE LTD. at £100.5m based on Net Assets of £42.8m and 2.35x industry multiple (adjusted for liquidity).

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Abs Europe Ltd. Overview

Abs Europe Ltd. is a live company located in london, EC2N 1AP with a Companies House number of 02562251. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in November 1990, it's largest shareholder is american bureau of shipping with a 100% stake. Abs Europe Ltd. is a mature, large sized company, Pomanda has estimated its turnover at £59.6m with low growth in recent years.

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Abs Europe Ltd. Health Check

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

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £59.6m, make it larger than the average company (£2.9m)

£59.6m - Abs Europe Ltd.

£2.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (7.2%)

3% - Abs Europe Ltd.

7.2% - Industry AVG

production

Production

with a gross margin of 18.4%, this company has a higher cost of product (45%)

18.4% - Abs Europe Ltd.

45% - Industry AVG

profitability

Profitability

an operating margin of 5.1% make it as profitable than the average company (5.6%)

5.1% - Abs Europe Ltd.

5.6% - Industry AVG

employees

Employees

with 394 employees, this is above the industry average (23)

394 - Abs Europe Ltd.

23 - Industry AVG

paystructure

Pay Structure

on an average salary of £100.7k, the company has a higher pay structure (£53.5k)

£100.7k - Abs Europe Ltd.

£53.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £151.3k, this is more efficient (£126.2k)

£151.3k - Abs Europe Ltd.

£126.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 16 days, this is earlier than average (56 days)

16 days - Abs Europe Ltd.

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 3 days, this is quicker than average (31 days)

3 days - Abs Europe Ltd.

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Abs Europe Ltd.

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 18 weeks, this is less cash available to meet short term requirements (25 weeks)

18 weeks - Abs Europe Ltd.

25 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 41.2%, this is a lower level of debt than the average (53.2%)

41.2% - Abs Europe Ltd.

53.2% - Industry AVG

ABS EUROPE LTD. financials

EXPORTms excel logo

Abs Europe Ltd.'s latest turnover from December 2023 is £59.6 million and the company has net assets of £42.8 million. According to their latest financial statements, Abs Europe Ltd. has 394 employees and maintains cash reserves of £8.5 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
Turnover59,610,00057,248,00055,316,00053,782,00052,737,00050,696,00056,784,00060,582,00074,107,00074,558,00062,936,00054,189,00051,891,00053,730,00064,949,000
Other Income Or Grants000000000000000
Cost Of Sales48,651,00047,508,00046,633,00044,545,00042,296,00041,391,00045,671,00044,607,00050,722,00051,910,00046,083,00038,703,00039,379,00035,635,00043,881,000
Gross Profit10,959,0009,740,0008,683,0009,237,00010,441,0009,305,00011,113,00015,975,00023,385,00022,648,00016,853,00015,486,00012,512,00018,095,00021,068,000
Admin Expenses7,922,0006,512,0006,007,0006,736,0008,833,0008,758,0009,090,00011,956,00019,169,00016,740,00011,797,00011,530,0009,223,0005,528,0002,814,000
Operating Profit3,037,0003,228,0002,676,0002,501,0001,608,000547,0002,023,0004,019,0004,216,0005,908,0005,056,0003,956,0003,289,00012,567,00018,254,000
Interest Payable003,779,00000000000000199,000
Interest Receivable001,115,000000000000048,0000
Pre-Tax Profit5,006,0005,504,000263,0008,202,00011,698,000-12,485,00012,112,00019,234,000-12,335,000-12,215,00015,923,0004,152,0003,838,00012,612,00018,055,000
Tax-1,866,000-498,000-2,280,000-1,213,000-928,000-284,000-669,000-1,868,000-2,416,0001,715,000-4,112,000-886,000-2,367,000-3,261,000-6,317,000
Profit After Tax3,140,0005,006,000-2,017,0006,989,00010,770,000-12,769,00011,443,00017,366,000-14,751,000-10,500,00011,811,0003,266,0001,471,0009,351,00011,738,000
Dividends Paid000000000009,185,00009,895,00016,963,000
Retained Profit3,151,0005,000,000-2,022,0006,986,00010,770,000-12,769,00011,443,00017,366,000-14,751,000-10,500,00011,811,000-5,919,0001,471,000-544,000-5,225,000
Employee Costs39,680,00038,097,00036,751,00034,761,00031,404,00030,309,00031,550,00029,980,00034,674,00032,304,00028,598,00025,799,00024,940,00024,351,00027,409,000
Number Of Employees394356353340317300328377408452390361340341363
EBITDA*3,508,0003,522,0003,009,0002,799,0001,962,000931,0002,513,0004,573,0004,738,0006,399,0005,548,0004,429,0003,788,00013,099,00018,830,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,385,0001,190,0001,207,0001,481,0001,589,0001,265,0001,629,0001,880,0002,087,0002,295,0002,403,0002,624,0002,750,0003,033,0003,440,000
Intangible Assets000000000000000
Investments & Other3,722,0007,571,000133,917,000130,196,000114,819,000103,476,000107,114,00011,0005,610,00075,313,00011,00011,000394,0002,814,0000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets5,107,0008,761,000135,124,000131,677,000116,408,000104,741,000108,743,0001,891,0007,697,00077,608,0002,414,0002,635,0003,144,0005,847,0003,440,000
Stock & work in progress000000000000000
Trade Debtors2,672,0005,459,0005,476,0002,296,0001,943,000985,000904,0001,881,0001,303,0002,827,0002,192,0001,349,0001,313,000979,0001,644,000
Group Debtors52,689,00047,004,00041,798,00042,854,00036,174,00022,975,00027,726,00012,829,0000023,925,0006,413,00013,069,00013,430,00021,019,000
Misc Debtors3,844,0003,240,0004,321,0005,609,0004,693,0004,979,0005,482,0005,605,00010,734,00011,316,0004,859,0005,036,0005,289,0004,285,0003,300,000
Cash8,453,0003,114,0003,217,0003,657,0003,173,000825,0001,604,0001,879,0002,451,0005,469,0002,791,0002,467,0001,251,0001,026,000763,000
misc current assets000000000000000
total current assets67,658,00058,817,00054,812,00054,416,00045,983,00029,764,00035,716,00022,194,00014,488,00019,612,00033,767,00015,265,00020,922,00019,720,00026,726,000
total assets72,765,00067,578,000189,936,000186,093,000162,391,000134,505,000144,459,00024,085,00022,185,00097,220,00036,181,00017,900,00024,066,00025,567,00030,166,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 436,000482,000187,000289,000508,0001,596,000483,000630,000484,000648,000476,000878,000318,000816,0001,328,000
Group/Directors Accounts5,411,0005,539,0007,898,0008,800,00011,045,0006,393,0000012,203,0005,062,00000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities17,928,00010,189,0009,668,0007,657,0006,972,0006,677,0008,447,0009,002,0009,574,0008,011,0009,926,0003,664,0003,831,0003,358,0009,805,000
total current liabilities23,775,00016,210,00017,753,00016,746,00018,525,00014,666,0008,930,0009,632,00022,261,00013,721,00010,402,0004,542,0004,149,0004,174,00011,133,000
loans00000000003,144,0003,253,0003,276,0003,212,0003,205,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities90,000253,000301,000000186,000168,000135,000139,000138,0000000
provisions6,107,0007,711,0007,139,0006,378,0005,967,0006,088,0005,790,0004,637,0003,048,0002,101,0002,009,0001,466,0001,412,0001,580,0001,296,000
total long term liabilities6,197,0007,964,000137,308,000135,012,000113,352,00098,812,000106,091,0005,840,0003,183,00077,654,0006,643,0007,745,0004,688,0004,792,0004,982,000
total liabilities29,972,00024,174,000155,061,000151,758,000131,877,000113,478,000115,021,00015,472,00025,444,00091,375,00017,045,00012,287,0008,837,0008,966,00016,115,000
net assets42,787,00043,383,00034,853,00034,318,00030,514,00021,027,00029,438,0008,613,000-3,259,0005,845,00019,136,0005,613,00015,229,00016,601,00014,051,000
total shareholders funds42,787,00043,383,00034,853,00034,318,00030,514,00021,027,00029,438,0008,613,000-3,259,0005,845,00019,136,0005,613,00015,229,00016,601,00014,051,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit3,037,0003,228,0002,676,0002,501,0001,608,000547,0002,023,0004,019,0004,216,0005,908,0005,056,0003,956,0003,289,00012,567,00018,254,000
Depreciation471,000294,000333,000298,000354,000384,000490,000554,000522,000491,000492,000473,000499,000532,000576,000
Amortisation000000000000000
Tax-1,866,000-498,000-2,280,000-1,213,000-928,000-284,000-669,000-1,868,000-2,416,0001,715,000-4,112,000-886,000-2,367,000-3,261,000-6,317,000
Stock000000000000000
Debtors3,502,0004,108,000836,0007,949,00013,871,000-5,173,00013,797,0008,278,000-2,106,000-16,833,00018,178,000-6,873,000977,000-7,269,00025,963,000
Creditors-46,000295,000-102,000-219,000-1,088,0001,113,000-147,000146,000-164,000172,000-402,000560,000-498,000-512,0001,328,000
Accruals and Deferred Income7,739,000521,0002,011,000685,000295,000-1,770,000-555,000-572,0001,563,000-1,915,0006,262,000-167,000473,000-6,447,0009,805,000
Deferred Taxes & Provisions-1,604,000572,000761,000411,000-121,000298,0001,153,0001,589,000947,00092,000543,00054,000-168,000284,0001,296,000
Cash flow from operations4,229,000304,0002,563,000-5,486,000-13,751,0005,461,000-11,502,000-4,410,0006,774,00023,296,000-10,339,00010,863,000251,00010,432,000-1,021,000
Investing Activities
capital expenditure-666,000-277,000-59,000-190,000-678,000-20,000-239,000-347,000-314,000-383,000-271,000-347,000-216,000-125,000-4,016,000
Change in Investments-3,849,000-126,346,0003,721,00015,377,00011,343,000-3,638,000107,103,000-5,599,000-69,703,00075,302,0000-383,000-2,420,0002,814,0000
cash flow from investments3,183,000126,069,000-3,780,000-15,567,000-12,021,0003,618,000-107,342,0005,252,00069,389,000-75,685,000-271,00036,0002,204,000-2,939,000-4,016,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-128,000-2,359,000-902,000-2,245,0004,652,0006,393,0000-12,203,0007,141,0005,062,00000000
Other Short Term Loans 000000000000000
Long term loans000000000-3,144,000-109,000-23,00064,0007,0003,205,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities-163,000-48,000301,00000-186,00018,00033,000-4,0001,000138,0000000
share issue-3,747,0003,530,0002,557,000-3,182,000-1,283,0004,358,0009,382,000-5,494,0005,647,000-2,791,0001,712,000-3,697,000-2,843,0003,094,00019,276,000
interest00-2,664,000000000000048,000-199,000
cash flow from financing-4,038,0001,123,000-708,000-5,427,0003,369,00010,565,0009,400,000-17,664,00012,784,000-872,0001,741,000-3,720,000-2,779,0003,149,00022,282,000
cash and cash equivalents
cash5,339,000-103,000-440,000484,0002,348,000-779,000-275,000-572,000-3,018,0002,678,000324,0001,216,000225,000263,000763,000
overdraft000000000000000
change in cash5,339,000-103,000-440,000484,0002,348,000-779,000-275,000-572,000-3,018,0002,678,000324,0001,216,000225,000263,000763,000

abs europe ltd. 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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Abs Europe Ltd. Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for abs europe ltd. by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in EC2N area or any other competitors across 12 key performance metrics.

abs europe ltd. Ownership

ABS EUROPE LTD. group structure

Abs Europe Ltd. has 3 subsidiary companies.

Ultimate parent company

THE AMERICAN BUREAU OF SHIPPING

#0014513

1 parent

ABS EUROPE LTD.

02562251

3 subsidiaries

ABS EUROPE LTD. Shareholders

american bureau of shipping 100%
abs group of companies inc. 0%

abs europe ltd. directors

Abs Europe Ltd. currently has 2 directors. The longest serving directors include Mr Philip Midgley-Carver (Aug 2018) and Mr Dhaval Mehta (Aug 2022).

officercountryagestartendrole
Mr Philip Midgley-CarverEngland53 years Aug 2018- Director
Mr Dhaval MehtaEngland50 years Aug 2022- Director

P&L

December 2023

turnover

59.6m

+4%

operating profit

3m

-6%

gross margin

18.4%

+8.06%

turnover

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

Balance Sheet

December 2023

net assets

42.8m

-0.01%

total assets

72.8m

+0.08%

cash

8.5m

+1.71%

net assets

Total assets minus all liabilities

abs europe ltd. company details

company number

02562251

Type

Private limited with Share Capital

industry

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

November 1990

age

35

incorporated

UK

ultimate parent company

THE AMERICAN BUREAU OF SHIPPING

accounts

Group

last accounts submitted

December 2023

previous names

recordnotion limited (January 1991)

accountant

-

auditor

BENNETT BROOKS & CO LIMITED

address

111 old broad street, london, EC2N 1AP

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

abs europe 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 did not find charges/mortgages relating to abs europe ltd..

abs europe ltd. 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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abs europe ltd. Companies House Filings - See Documents

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