heathrow express operating company limited
heathrow express operating company limited Company Information
Company Number
03145133
Website
www.heathrowexpress.comRegistered Address
the compass centre nelson road, hounslow, middlesex, TW6 2GW
Industry
Passenger rail transport, interurban
Telephone
03456001515
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
heathrow airport ltd 100%
heathrow express operating company limited Estimated Valuation
Pomanda estimates the enterprise value of HEATHROW EXPRESS OPERATING COMPANY LIMITED at £0 based on a Turnover of £93.8m and 0x industry multiple (adjusted for size and gross margin).
heathrow express operating company limited Estimated Valuation
Pomanda estimates the enterprise value of HEATHROW EXPRESS OPERATING COMPANY LIMITED at £0 based on an EBITDA of £24.4m and a 0x industry multiple (adjusted for size and gross margin).
heathrow express operating company limited Estimated Valuation
Pomanda estimates the enterprise value of HEATHROW EXPRESS OPERATING COMPANY LIMITED at £288.7m based on Net Assets of £102.5m and 2.82x industry multiple (adjusted for liquidity).
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Heathrow Express Operating Company Limited AI Business Plan
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Heathrow Express Operating Company Limited Overview
Heathrow Express Operating Company Limited is a live company located in middlesex, TW6 2GW with a Companies House number of 03145133. It operates in the passenger rail transport, interurban sector, SIC Code 49100. Founded in January 1996, it's largest shareholder is heathrow airport ltd with a 100% stake. Heathrow Express Operating Company Limited is a mature, large sized company, Pomanda has estimated its turnover at £93.8m with declining growth in recent years.
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Heathrow Express Operating Company Limited Health Check
Pomanda's financial health check has awarded Heathrow Express Operating Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £93.8m, make it larger than the average company (£1.9m)
£93.8m - Heathrow Express Operating Company Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (-3.8%)
-8% - Heathrow Express Operating Company Limited
-3.8% - Industry AVG
Production
with a gross margin of 29.1%, this company has a comparable cost of product (29.1%)
29.1% - Heathrow Express Operating Company Limited
29.1% - Industry AVG
Profitability
an operating margin of 23.7% make it more profitable than the average company (2.8%)
23.7% - Heathrow Express Operating Company Limited
2.8% - Industry AVG
Employees
with 118 employees, this is above the industry average (77)
118 - Heathrow Express Operating Company Limited
77 - Industry AVG
Pay Structure
on an average salary of £50.7k, the company has an equivalent pay structure (£43.5k)
£50.7k - Heathrow Express Operating Company Limited
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £794.8k, this is more efficient (£142.3k)
£794.8k - Heathrow Express Operating Company Limited
£142.3k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (17 days)
9 days - Heathrow Express Operating Company Limited
17 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (35 days)
0 days - Heathrow Express Operating Company Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Heathrow Express Operating Company Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (46 weeks)
1 weeks - Heathrow Express Operating Company Limited
46 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.9%, this is a lower level of debt than the average (33.3%)
22.9% - Heathrow Express Operating Company Limited
33.3% - Industry AVG
heathrow express operating company limited Credit Report and Business Information
Heathrow Express Operating Company Limited Competitor Analysis
Perform a competitor analysis for heathrow express operating company limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
heathrow express operating company limited Ownership
HEATHROW EXPRESS OPERATING COMPANY LIMITED group structure
Heathrow Express Operating Company Limited has no subsidiary companies.
Ultimate parent company
2 parents
HEATHROW EXPRESS OPERATING COMPANY LIMITED
03145133
heathrow express operating company limited directors
Heathrow Express Operating Company Limited currently has 6 directors. The longest serving directors include Mr Ross Baker (Jan 2017) and Mr Phillip Bearpark (Oct 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ross Baker | England | 49 years | Jan 2017 | - | Director |
| Mr Phillip Bearpark | England | 58 years | Oct 2018 | - | Director |
| Mr Michael Hodson | 73 years | Oct 2018 | - | Director | |
| Ms Sophie Chapman | 52 years | Sep 2020 | - | Director | |
| Mr Daniel Edwards | England | 41 years | Oct 2022 | - | Director |
| Ms Jessica Kirbell | England | 44 years | Oct 2023 | - | Director |
HEATHROW EXPRESS OPERATING COMPANY LIMITED financials
Heathrow Express Operating Company Limited's latest turnover from December 2022 is £93.8 million and the company has net assets of £102.5 million. According to their latest financial statements, Heathrow Express Operating Company Limited has 118 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 93,789,000 | 27,518,000 | 29,559,000 | 119,415,000 | 130,758,000 | 135,185,000 | 129,346,000 | 93,295,000 | 70,708,000 | 67,413,000 | 64,900,000 | 63,827,000 | 61,881,000 | 60,215,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 22,218,000 | -26,594,000 | -42,508,000 | 35,299,000 | 41,690,000 | 2,874,000 | -7,510,000 | 6,608,000 | 5,960,000 | 6,335,000 | 5,592,000 | 5,912,000 | 5,735,000 | 5,474,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 2,548,000 | 1,015,000 | 2,142,000 | 2,453,000 | 1,296,000 | 557,000 | 635,000 | 466,000 | 395,000 | 258,000 | 219,000 | 196,000 | 195,000 | 401,000 |
| Pre-Tax Profit | 24,766,000 | -25,579,000 | -40,366,000 | 37,752,000 | 42,986,000 | 3,431,000 | -6,875,000 | 7,074,000 | 6,355,000 | 6,593,000 | 5,811,000 | 6,108,000 | 5,930,000 | 5,875,000 |
| Tax | -5,631,000 | 8,158,000 | 7,255,000 | -7,699,000 | -8,657,000 | -1,517,000 | -503,000 | -1,736,000 | -1,379,000 | -1,612,000 | -1,252,000 | -1,673,000 | -1,667,000 | -1,654,000 |
| Profit After Tax | 19,135,000 | -17,421,000 | -33,111,000 | 30,053,000 | 34,329,000 | 1,914,000 | -7,378,000 | 5,338,000 | 4,976,000 | 4,981,000 | 4,559,000 | 4,435,000 | 4,263,000 | 4,221,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 19,135,000 | -17,421,000 | -33,111,000 | 30,053,000 | 34,329,000 | 1,914,000 | -7,378,000 | 5,338,000 | 4,976,000 | 4,981,000 | 4,559,000 | 4,435,000 | 4,263,000 | 4,221,000 |
| Employee Costs | 5,987,000 | 4,742,000 | 6,237,000 | 10,231,000 | 23,516,000 | 25,356,000 | 24,553,000 | 23,839,000 | 24,046,000 | 23,668,000 | 22,590,000 | 21,474,000 | 19,553,000 | 17,564,000 |
| Number Of Employees | 118 | 109 | 163 | 186 | 398 | 460 | 446 | 435 | 439 | 444 | 447 | 435 | 411 | 365 |
| EBITDA* | 24,359,000 | -24,363,000 | -40,244,000 | 37,569,000 | 44,500,000 | 7,104,000 | -7,510,000 | 6,608,000 | 5,960,000 | 6,335,000 | 5,628,000 | 5,964,000 | 5,772,000 | 5,512,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 4,000 | 70,000 | 171,000 | 261,000 | 172,000 | 225,000 | 165,000 | 182,000 | 115,000 | 83,000 | 77,000 | 51,000 | 72,000 |
| Intangible Assets | 11,614,000 | 13,751,000 | 15,916,000 | 18,017,000 | 20,053,000 | 22,763,000 | 26,904,000 | 36,389,000 | 9,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 15,417,000 | 15,468,000 | 7,310,000 | 49,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 59,000 | 55,000 | 48,000 | 54,000 | 307,000 | 209,000 | 187,000 | 426,000 | 137,000 | 377,000 |
| Total Fixed Assets | 27,031,000 | 29,223,000 | 23,296,000 | 18,237,000 | 20,314,000 | 22,935,000 | 27,129,000 | 36,608,000 | 498,000 | 324,000 | 270,000 | 503,000 | 188,000 | 449,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,503,000 | 2,483,000 | 3,419,000 | 1,323,000 | 13,889,000 | 11,521,000 | 13,518,000 | 11,304,000 | 17,878,000 | 9,181,000 | 7,912,000 | 6,668,000 | 5,241,000 | 4,733,000 |
| Group Debtors | 101,142,000 | 71,356,000 | 79,204,000 | 127,211,000 | 92,807,000 | 37,772,000 | 31,188,000 | 33,653,000 | 22,744,000 | 19,974,000 | 15,535,000 | 11,520,000 | 14,953,000 | 6,981,000 |
| Misc Debtors | 1,163,000 | 5,604,000 | 9,498,000 | 7,871,000 | 1,414,000 | 1,555,000 | 1,417,000 | 2,167,000 | 2,847,000 | 2,908,000 | 2,748,000 | 3,206,000 | 2,047,000 | 2,134,000 |
| Cash | 1,081,000 | 64,000 | 0 | 1,596,000 | 548,000 | 2,657,000 | 1,133,000 | 1,535,000 | 449,000 | 1,593,000 | 946,000 | 2,373,000 | 788,000 | 2,157,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 105,889,000 | 79,507,000 | 92,121,000 | 138,001,000 | 108,658,000 | 53,505,000 | 47,256,000 | 48,659,000 | 43,918,000 | 33,656,000 | 27,141,000 | 23,767,000 | 23,029,000 | 16,005,000 |
| total assets | 132,920,000 | 108,730,000 | 115,417,000 | 156,238,000 | 128,972,000 | 76,440,000 | 74,385,000 | 85,267,000 | 44,416,000 | 33,980,000 | 27,411,000 | 24,270,000 | 23,217,000 | 16,454,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,577,000 | 12,000 | 5,000 | 3,000 | 1,276,000 | 7,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,000 | 3,139,000 | 66,000 | 1,503,000 | 217,000 | 14,000 | 0 | 354,000 | 293,000 | 260,000 | 167,000 | 171,000 | 166,000 | 208,000 |
| Group/Directors Accounts | 5,580,000 | 0 | 0 | 7,598,000 | 0 | 0 | 0 | 0 | 159,000 | 0 | 26,000 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 316,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 24,852,000 | 22,240,000 | 14,263,000 | 13,254,000 | 24,925,000 | 6,925,000 | 6,798,000 | 9,948,000 | 9,727,000 | 6,859,000 | 5,281,000 | 6,907,000 | 9,014,000 | 7,599,000 |
| total current liabilities | 30,434,000 | 25,379,000 | 14,645,000 | 22,355,000 | 25,142,000 | 6,939,000 | 6,798,000 | 10,302,000 | 11,756,000 | 7,131,000 | 5,479,000 | 7,081,000 | 10,456,000 | 7,814,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,033,000 | 186,000 | 250,000 | 66,000 | 73,000 | 299,000 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,033,000 | 186,000 | 250,000 | 66,000 | 73,000 | 299,000 |
| total liabilities | 30,434,000 | 25,379,000 | 14,645,000 | 22,355,000 | 25,142,000 | 6,939,000 | 6,798,000 | 10,302,000 | 12,789,000 | 7,317,000 | 5,729,000 | 7,147,000 | 10,529,000 | 8,113,000 |
| net assets | 102,486,000 | 83,351,000 | 100,772,000 | 133,883,000 | 103,830,000 | 69,501,000 | 67,587,000 | 74,965,000 | 31,627,000 | 26,663,000 | 21,682,000 | 17,123,000 | 12,688,000 | 8,341,000 |
| total shareholders funds | 102,486,000 | 83,351,000 | 100,772,000 | 133,883,000 | 103,830,000 | 69,501,000 | 67,587,000 | 74,965,000 | 31,627,000 | 26,663,000 | 21,682,000 | 17,123,000 | 12,688,000 | 8,341,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 22,218,000 | -26,594,000 | -42,508,000 | 35,299,000 | 41,690,000 | 2,874,000 | -7,510,000 | 6,608,000 | 5,960,000 | 6,335,000 | 5,592,000 | 5,912,000 | 5,735,000 | 5,474,000 |
| Depreciation | 4,000 | 66,000 | 101,000 | 129,000 | 100,000 | 89,000 | 0 | 0 | 0 | 0 | 36,000 | 52,000 | 37,000 | 38,000 |
| Amortisation | 2,137,000 | 2,165,000 | 2,163,000 | 2,141,000 | 2,710,000 | 4,141,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -5,631,000 | 8,158,000 | 7,255,000 | -7,699,000 | -8,657,000 | -1,517,000 | -503,000 | -1,736,000 | -1,379,000 | -1,612,000 | -1,252,000 | -1,673,000 | -1,667,000 | -1,654,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 25,365,000 | -12,678,000 | -44,284,000 | 28,236,000 | 57,266,000 | 4,732,000 | -1,007,000 | 3,402,000 | 11,504,000 | 5,890,000 | 4,562,000 | -558,000 | 8,153,000 | 14,225,000 |
| Creditors | -3,137,000 | 3,073,000 | -1,437,000 | 1,286,000 | 203,000 | 14,000 | -354,000 | 61,000 | 33,000 | 93,000 | -4,000 | 5,000 | -42,000 | 208,000 |
| Accruals and Deferred Income | 2,612,000 | 7,977,000 | 1,009,000 | -11,671,000 | 18,000,000 | 127,000 | -3,150,000 | 221,000 | 2,868,000 | 1,578,000 | -1,626,000 | -2,107,000 | 1,415,000 | 7,599,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,033,000 | 847,000 | -64,000 | 184,000 | -7,000 | -226,000 | 299,000 |
| Cash flow from operations | -7,162,000 | 7,523,000 | 10,867,000 | -8,751,000 | -3,220,000 | 996,000 | -10,510,000 | 719,000 | -3,175,000 | 440,000 | -1,632,000 | 2,740,000 | -2,901,000 | -2,261,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -51,000 | 8,158,000 | 7,261,000 | 49,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 5,580,000 | 0 | -7,598,000 | 7,598,000 | 0 | 0 | 0 | -159,000 | 159,000 | -26,000 | 26,000 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -316,000 | 316,000 | 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 | 0 | 0 | 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 | ||||||||||||||
| interest | 2,548,000 | 1,015,000 | 2,142,000 | 2,453,000 | 1,296,000 | 557,000 | 635,000 | 466,000 | 395,000 | 258,000 | 219,000 | 196,000 | 195,000 | 401,000 |
| cash flow from financing | 8,128,000 | 699,000 | -5,140,000 | 10,051,000 | 1,296,000 | 557,000 | 635,000 | 38,307,000 | 542,000 | 232,000 | 245,000 | 196,000 | 279,000 | 4,521,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,017,000 | 64,000 | -1,596,000 | 1,048,000 | -2,109,000 | 1,524,000 | -402,000 | 1,086,000 | -1,144,000 | 647,000 | -1,427,000 | 1,585,000 | -1,369,000 | 2,157,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,577,000 | 1,565,000 | 7,000 | 2,000 | -1,273,000 | 1,269,000 | 7,000 |
| change in cash | 1,017,000 | 64,000 | -1,596,000 | 1,048,000 | -2,109,000 | 1,524,000 | -402,000 | 2,663,000 | -2,709,000 | 640,000 | -1,429,000 | 2,858,000 | -2,638,000 | 2,150,000 |
P&L
December 2022turnover
93.8m
+241%
operating profit
22.2m
-184%
gross margin
29.1%
+30.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
102.5m
+0.23%
total assets
132.9m
+0.22%
cash
1.1m
+15.89%
net assets
Total assets minus all liabilities
heathrow express operating company limited company details
company number
03145133
Type
Private limited with Share Capital
industry
49100 - Passenger rail transport, interurban
incorporation date
January 1996
age
28
accounts
Full Accounts
ultimate parent company
previous names
precis (1411) limited (April 1996)
incorporated
UK
address
the compass centre nelson road, hounslow, middlesex, TW6 2GW
last accounts submitted
December 2022
heathrow express operating company 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 heathrow express operating company limited. Currently there are 2 open charges and 1 have been satisfied in the past.
heathrow express operating company limited Companies House Filings - See Documents
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