lendlease europe holdings limited

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lendlease europe holdings limited Company Information

Share LENDLEASE EUROPE HOLDINGS LIMITED

Company Number

02594928

Directors

John Clark

Elma Morris

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Shareholders

lendlease international pty limited

lendlease europe finance plc

Group Structure

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Industry

Activities of construction holding companies

 +1

Registered Address

c/o pinsent masons llp, 30 crown place, london, EC2A 4ES

lendlease europe holdings limited Estimated Valuation

£728.4m

Pomanda estimates the enterprise value of LENDLEASE EUROPE HOLDINGS LIMITED at £728.4m based on a Turnover of £642.3m and 1.13x industry multiple (adjusted for size and gross margin).

lendlease europe holdings limited Estimated Valuation

£0

Pomanda estimates the enterprise value of LENDLEASE EUROPE HOLDINGS LIMITED at £0 based on an EBITDA of £-75.5m and a 6.38x industry multiple (adjusted for size and gross margin).

lendlease europe holdings limited Estimated Valuation

£511m

Pomanda estimates the enterprise value of LENDLEASE EUROPE HOLDINGS LIMITED at £511m based on Net Assets of £266m and 1.92x industry multiple (adjusted for liquidity).

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Lendlease Europe Holdings Limited Overview

Lendlease Europe Holdings Limited is a live company located in london, EC2A 4ES with a Companies House number of 02594928. It operates in the activities of construction holding companies sector, SIC Code 64203. Founded in March 1991, it's largest shareholder is lendlease international pty limited with a 78.9% stake. Lendlease Europe Holdings Limited is a mature, mega sized company, Pomanda has estimated its turnover at £642.3m with declining growth in recent years.

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Lendlease Europe Holdings Limited Health Check

Pomanda's financial health check has awarded Lendlease Europe Holdings 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

Health Check Image
Health Rating2.5out of 5
positive_score

4 Strong

positive_score

0 Regular

positive_score

8 Weak

size

Size

annual sales of £642.3m, make it larger than the average company (£22.2m)

£642.3m - Lendlease Europe Holdings Limited

£22.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (6%)

-8% - Lendlease Europe Holdings Limited

6% - Industry AVG

production

Production

with a gross margin of 8.4%, this company has a higher cost of product (25.2%)

8.4% - Lendlease Europe Holdings Limited

25.2% - Industry AVG

profitability

Profitability

an operating margin of -12.8% make it less profitable than the average company (5.4%)

-12.8% - Lendlease Europe Holdings Limited

5.4% - Industry AVG

employees

Employees

with 1202 employees, this is above the industry average (94)

1202 - Lendlease Europe Holdings Limited

94 - Industry AVG

paystructure

Pay Structure

on an average salary of £109.5k, the company has a higher pay structure (£49.2k)

£109.5k - Lendlease Europe Holdings Limited

£49.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £534.4k, this is more efficient (£270.5k)

£534.4k - Lendlease Europe Holdings Limited

£270.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 7 days, this is earlier than average (49 days)

7 days - Lendlease Europe Holdings Limited

49 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 29 days, this is quicker than average (45 days)

29 days - Lendlease Europe Holdings Limited

45 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 216 days, this is more than average (34 days)

216 days - Lendlease Europe Holdings Limited

34 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (18 weeks)

3 weeks - Lendlease Europe Holdings Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 85.6%, this is a higher level of debt than the average (59.7%)

85.6% - Lendlease Europe Holdings Limited

59.7% - Industry AVG

LENDLEASE EUROPE HOLDINGS LIMITED financials

EXPORTms excel logo

Lendlease Europe Holdings Limited's latest turnover from June 2023 is £642.3 million and the company has net assets of £266 million. According to their latest financial statements, Lendlease Europe Holdings Limited has 1,202 employees and maintains cash reserves of £86.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover642,313,000802,183,000763,835,000832,481,000673,255,000532,276,000800,363,000898,659,000859,086,0001,476,565,000742,834,000840,205,000910,255,0001,382,614,000
Other Income Or Grants
Cost Of Sales588,433,000736,602,000738,177,000756,472,000582,030,000413,191,000721,633,000742,082,000741,147,0001,005,816,000631,485,000719,372,000795,911,0001,251,437,000
Gross Profit53,880,00065,581,00025,658,00076,009,00091,225,000119,085,00078,730,000156,577,000117,939,000470,749,000111,349,000120,833,000114,344,000131,177,000
Admin Expenses135,901,000269,679,00023,983,00053,115,00061,021,00072,592,00047,358,000120,798,00073,708,000168,840,00082,388,00069,715,00041,786,00068,867,000
Operating Profit-82,021,000-204,098,0001,675,00022,894,00030,204,00046,493,00031,372,00035,779,00044,231,000301,909,00028,961,00051,118,00072,558,00062,310,000
Interest Payable56,643,00043,428,00042,705,00031,167,00032,273,00027,191,00023,550,00025,574,00021,301,00024,186,00028,273,00032,857,00033,945,00026,380,000
Interest Receivable17,224,0007,189,0007,315,0004,478,0008,139,00016,557,0009,918,00018,761,00022,868,0008,876,0009,545,00011,380,00012,047,00013,562,000
Pre-Tax Profit-134,269,000-230,393,000-20,679,000157,0008,807,00052,427,00041,505,00066,714,00027,099,000291,830,0008,262,00030,069,00050,515,00060,890,000
Tax10,222,0008,908,00013,920,000-5,579,000416,000-12,098,0005,198,000-6,527,000-7,284,000-73,559,00021,040,000-3,549,0004,956,000-19,664,000
Profit After Tax-124,047,000-221,485,000-6,759,000-5,422,0009,223,00040,329,00046,703,00060,187,00019,815,000218,271,00029,302,00026,520,00055,471,00041,226,000
Dividends Paid10,000,00015,000,000280,000,0001,177,000
Retained Profit-124,047,000-221,485,000-6,761,000-5,423,0009,224,00030,329,00031,703,00060,187,000-260,185,000218,271,00029,215,00025,588,00054,251,00040,146,000
Employee Costs131,602,000129,485,000127,680,000134,487,000118,136,000107,889,000112,282,000119,040,000113,597,000126,183,000136,583,000148,300,000192,467,000234,039,000
Number Of Employees1,2021,1951,2981,3961,3071,2171,2501,2921,2972,0322,2722,4072,9743,485
EBITDA*-75,461,000-196,927,00011,321,00026,839,00033,871,00051,089,00033,623,00038,232,00047,609,000305,956,00032,488,00054,158,00078,843,00070,589,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets1,291,649,0001,149,401,0001,175,458,000551,019,000664,923,000701,727,000676,531,000575,305,000293,225,000147,421,000201,906,000220,559,000283,802,000280,552,000
Intangible Assets120,075,000121,240,000121,607,000123,876,000123,430,000121,293,000119,718,000117,870,000112,846,000117,558,000119,093,000120,865,000124,817,000122,677,000
Investments & Other907,223,000799,282,000283,755,000210,743,000173,803,000148,959,00093,176,000480,372,000209,411,00068,991,00072,113,000138,722,000199,438,000223,663,000
Debtors (Due After 1 year)259,817,000232,110,000668,405,000161,159,000481,922,00057,129,00039,606,00024,642,00024,088,00016,581,00060,842,00024,970,00023,379,00020,325,000
Total Fixed Assets1,294,936,0001,161,876,0001,081,260,000513,736,000788,353,000823,020,000796,249,000693,175,000406,071,000264,979,000320,999,000341,424,000408,619,000403,229,000
Stock & work in progress349,185,000321,958,000335,500,000705,110,000496,497,000294,958,000149,270,000816,000215,698,000235,157,000384,067,000366,835,000385,097,000337,452,000
Trade Debtors13,183,00045,421,00021,609,00026,042,00077,162,00043,597,00049,354,00090,915,00050,420,000114,950,000140,637,000100,930,000168,884,000
Group Debtors18,212,00088,680,00087,410,00039,199,00038,816,00048,766,00035,051,000108,978,000116,669,000528,199,00091,067,00065,860,000124,354,00085,322,000
Misc Debtors80,949,000117,009,00065,639,000163,997,00056,117,00054,626,00083,440,000126,850,000111,654,00054,551,00049,707,00059,174,00069,238,00058,867,000
Cash86,919,00057,454,00069,779,000120,336,0001,002,00012,728,00044,240,00044,451,00058,544,00080,534,00094,137,00094,181,00079,468,00081,710,000
misc current assets94,00018,000107,00028,000195,0004,000598,0003,914,000455,000907,000766,000141,000
total current assets548,542,000631,491,000589,317,0001,028,670,000619,036,000454,628,000356,196,000334,363,000593,935,000948,861,000734,835,000727,453,000759,228,000732,235,000
total assets1,843,478,0001,793,367,0001,670,577,0001,542,406,0001,407,389,0001,277,648,0001,152,445,0001,027,538,0001,000,006,0001,213,840,0001,055,834,0001,068,877,0001,167,847,0001,135,464,000
Bank overdraft
Bank loan
Trade Creditors 47,037,00043,543,000110,626,00064,836,00023,541,00020,205,00038,743,00019,378,00034,603,00032,089,00023,490,00086,439,000102,804,000133,047,000
Group/Directors Accounts
other short term finances10,000,000310,000140,0001,237,000273,000265,0003,00035,00085,0002,397,00082,148,000418,00016,157,000
hp & lease commitments2,653,0004,703,0002,837,0005,502,000
other current liabilities1,222,104,0001,272,002,0001,236,495,0001,155,301,0001,132,845,000876,356,000319,288,000343,734,000356,085,000440,829,000411,718,000448,539,000363,336,000528,994,000
total current liabilities1,281,794,0001,320,558,0001,350,098,0001,226,876,0001,156,659,000897,076,000358,034,000363,147,000390,773,000475,315,000517,356,000534,978,000466,558,000678,198,000
loans52,454,00081,623,00058,842,0008,036,0009,124,0005,480,000346,527,000401,805,000442,686,000302,365,000362,021,000385,123,000902,752,000591,126,000
hp & lease commitments25,277,00026,264,00024,318,000
Accruals and Deferred Income14,502,0009,428,00019,010,000
other liabilities37,944,00052,422,0005,826,00054,888,00013,149,000123,849,000256,973,00086,205,00056,512,00048,060,00022,885,0005,654,00088,027,00082,177,000
provisions461,196,000341,474,000145,734,00075,830,00041,476,00045,612,00045,374,00062,682,000119,362,000118,544,00062,518,00052,648,000101,846,00094,964,000
total long term liabilities295,719,000265,096,000109,485,00097,372,00039,001,000152,135,000626,187,000519,351,000558,879,000424,199,000425,593,000436,111,000590,326,000425,222,000
total liabilities1,577,513,0001,585,654,0001,459,583,0001,324,248,0001,195,660,0001,049,211,000984,221,000882,498,000949,652,000899,514,000942,949,000971,089,0001,056,884,0001,103,420,000
net assets265,963,000207,711,000210,992,000218,158,000211,729,000228,437,000168,224,000145,040,00050,354,000314,326,000112,885,00097,756,00099,130,00019,077,000
total shareholders funds265,963,000207,711,000210,992,000218,158,000211,729,000228,437,000168,224,000145,040,00050,354,000314,326,000112,885,00097,756,00099,130,00019,077,000
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit-82,021,000-204,098,0001,675,00022,894,00030,204,00046,493,00031,372,00035,779,00044,231,000301,909,00028,961,00051,118,00072,558,00062,310,000
Depreciation5,820,0006,375,0009,155,0003,417,0003,067,0004,181,0001,937,0002,168,0002,852,0003,372,0002,817,0002,320,0004,319,0006,878,000
Amortisation740,000796,000491,000528,000600,000415,000314,000285,000526,000675,000710,000720,0001,966,0001,401,000
Tax10,222,0008,908,00013,920,000-5,579,000416,000-12,098,0005,198,000-6,527,000-7,284,000-73,559,00021,040,000-3,549,0004,956,000-19,664,000
Stock27,227,000-13,542,000-369,610,000208,613,000201,539,000145,688,000148,454,000-214,882,000-19,459,000-148,910,00017,232,000-18,262,00047,645,000337,452,000
Debtors-111,059,000-359,843,000478,708,000-238,542,000398,830,0002,373,000-108,130,000-33,502,000-306,425,000333,185,00025,925,000-27,260,000-15,497,000333,398,000
Creditors3,494,000-67,083,00045,790,00041,295,0003,336,000-18,538,00019,365,000-15,225,0002,514,0008,599,000-62,949,000-16,365,000-30,243,000133,047,000
Accruals and Deferred Income-49,898,00035,507,00081,194,00022,456,000256,489,000557,068,000-24,446,000-12,351,000-99,246,00034,185,000-46,403,000104,213,000-165,658,000528,994,000
Deferred Taxes & Provisions119,722,000195,740,00069,904,00034,354,000-4,136,000238,000-17,308,000-56,680,000818,00056,026,0009,870,000-49,198,0006,882,00094,964,000
Cash flow from operations91,911,000349,530,000113,031,000149,294,000-310,393,000429,698,000-23,892,000195,833,000270,295,000146,932,000-89,111,000134,781,000-137,368,000137,080,000
Investing Activities
capital expenditure-147,643,00019,253,000-631,816,000109,513,00031,000,000-31,367,000-105,325,000-289,557,000-144,470,00051,973,00016,898,00064,155,000-11,675,000-411,508,000
Change in Investments107,941,000515,527,00073,012,00036,940,00024,844,00055,783,000-387,196,000270,961,000140,420,000-3,122,000-66,609,000-60,716,000-24,225,000223,663,000
cash flow from investments-255,584,000-496,274,000-704,828,00072,573,0006,156,000-87,150,000281,871,000-560,518,000-284,890,00055,095,00083,507,000124,871,00012,550,000-635,171,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans 9,690,000170,000-1,097,000964,0008,000262,000-32,000-50,000-2,312,000-79,751,00082,148,000-418,000-15,739,00016,157,000
Long term loans-29,169,00022,781,00050,806,000-1,088,0003,644,000-341,047,000-55,278,000-40,881,000140,321,000-59,656,000-23,102,000-517,629,000311,626,000591,126,000
Hire Purchase and Lease Commitments-3,037,0003,812,00021,653,0005,502,000
other long term liabilities-14,478,00046,596,000-49,062,00041,739,000-110,700,000-133,124,000170,768,00029,693,0008,452,00025,175,00017,231,000-82,373,0005,850,00082,177,000
share issue182,299,000218,204,000-405,00011,852,000-25,932,00029,884,000-8,519,00034,499,000-3,787,000-16,830,000-14,086,000-26,962,00025,802,000-21,069,000
interest-39,419,000-36,239,000-35,390,000-26,689,000-24,134,000-10,634,000-13,632,000-6,813,0001,567,000-15,310,000-18,728,000-21,477,000-21,898,000-12,818,000
cash flow from financing105,886,000255,324,000-13,495,00032,280,000-157,114,000-454,659,00093,307,00016,448,000144,241,000-146,372,00043,463,000-648,859,000305,641,000655,573,000
cash and cash equivalents
cash29,465,000-12,325,000-50,557,000119,334,000-11,726,000-31,512,000-211,000-14,093,000-21,990,000-13,603,000-44,00014,713,000-2,242,00081,710,000
overdraft
change in cash29,465,000-12,325,000-50,557,000119,334,000-11,726,000-31,512,000-211,000-14,093,000-21,990,000-13,603,000-44,00014,713,000-2,242,00081,710,000

lendlease europe holdings 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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Lendlease Europe Holdings Limited Competitor Analysis

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Perform a competitor analysis for lendlease europe holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC2A area or any other competitors across 12 key performance metrics.

lendlease europe holdings limited directors

Lendlease Europe Holdings Limited currently has 4 directors. The longest serving directors include Mr John Clark (Nov 2021) and Miss Elma Morris (May 2022).

officercountryagestartendrole
Mr John ClarkUnited Kingdom54 years Nov 2021- Director
Miss Elma MorrisEngland67 years May 2022- Director
Mr Geoffrey WillettsEngland44 years Apr 2023- Director
Mr Andrea RuckstuhlEngland53 years Nov 2023- Director

P&L

June 2023

turnover

642.3m

-20%

operating profit

-82m

-60%

gross margin

8.4%

+2.61%

turnover

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

Balance Sheet

June 2023

net assets

266m

+0.28%

total assets

1.8b

+0.03%

cash

86.9m

+0.51%

net assets

Total assets minus all liabilities

lendlease europe holdings limited company details

company number

02594928

Type

Private limited with Share Capital

industry

64203 - Activities of construction holding companies

70100 - Activities of head offices

incorporation date

March 1991

age

34

incorporated

UK

ultimate parent company

LENDLEASE CORP LTD

accounts

Group

last accounts submitted

June 2023

previous names

lend lease europe holdings limited (July 2016)

lend lease international holdings limited (May 1997)

accountant

-

auditor

KPMG LLP

address

c/o pinsent masons llp, 30 crown place, london, EC2A 4ES

Bank

BARCLAYS BANK PLC

Legal Advisor

-

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

lendlease europe holdings 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.

Click to start generating capital raising & share issue transactions for LENDLEASE EUROPE HOLDINGS LIMITED. This can take several minutes, an email will notify you when this has completed.

lendlease europe holdings limited Companies House Filings - See Documents

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