hmm (europe) limited
hmm (europe) limited Company Information
Company Number
03220919
Website
http://hmm21.comRegistered Address
6th floor, 2 harbour exchange, harbour exchange square, london, E14 9GE
Industry
Sea and coastal freight water transport
Telephone
02074776900
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
hyundai merchant marine company ltd 100%
hmm (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of HMM (EUROPE) LIMITED at £22.2m based on a Turnover of £11.5m and 1.93x industry multiple (adjusted for size and gross margin).
hmm (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of HMM (EUROPE) LIMITED at £3.7m based on an EBITDA of £431.7k and a 8.47x industry multiple (adjusted for size and gross margin).
hmm (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of HMM (EUROPE) LIMITED at £2.4m based on Net Assets of £1.5m and 1.58x industry multiple (adjusted for liquidity).
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Hmm (europe) Limited Overview
Hmm (europe) Limited is a live company located in london, E14 9GE with a Companies House number of 03220919. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in July 1996, it's largest shareholder is hyundai merchant marine company ltd with a 100% stake. Hmm (europe) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.5m with healthy growth in recent years.
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Hmm (europe) Limited Health Check
Pomanda's financial health check has awarded Hmm (Europe) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
4 Weak
Size
annual sales of £11.5m, make it larger than the average company (£7.4m)
£11.5m - Hmm (europe) Limited
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (6.6%)
14% - Hmm (europe) Limited
6.6% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (32.3%)
100% - Hmm (europe) Limited
32.3% - Industry AVG
Profitability
an operating margin of 2.9% make it less profitable than the average company (9.5%)
2.9% - Hmm (europe) Limited
9.5% - Industry AVG
Employees
with 121 employees, this is above the industry average (12)
121 - Hmm (europe) Limited
12 - Industry AVG
Pay Structure
on an average salary of £76.2k, the company has a higher pay structure (£61.6k)
£76.2k - Hmm (europe) Limited
£61.6k - Industry AVG
Efficiency
resulting in sales per employee of £94.9k, this is less efficient (£765.2k)
£94.9k - Hmm (europe) Limited
£765.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Hmm (europe) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Hmm (europe) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hmm (europe) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 46 weeks, this is more cash available to meet short term requirements (12 weeks)
46 weeks - Hmm (europe) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.9%, this is a higher level of debt than the average (61.5%)
90.9% - Hmm (europe) Limited
61.5% - Industry AVG
hmm (europe) limited Credit Report and Business Information
Hmm (europe) Limited Competitor Analysis
Perform a competitor analysis for hmm (europe) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
hmm (europe) limited Ownership
HMM (EUROPE) LIMITED group structure
Hmm (Europe) Limited has 1 subsidiary company.
Ultimate parent company
HMM COMPANY LTD
#0123819
1 parent
HMM (EUROPE) LIMITED
03220919
1 subsidiary
hmm (europe) limited directors
Hmm (Europe) Limited currently has 3 directors. The longest serving directors include Mr Nyun-Ho Maeng (May 2022) and Mr Chang Paik (Jan 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nyun-Ho Maeng | England | 57 years | May 2022 | - | Director |
| Mr Chang Paik | England | 53 years | Jan 2023 | - | Director |
| Mr Jung Lee | England | 53 years | Apr 2024 | - | Director |
HMM (EUROPE) LIMITED financials
Hmm (Europe) Limited's latest turnover from December 2022 is £11.5 million and the company has net assets of £1.5 million. According to their latest financial statements, Hmm (Europe) Limited has 121 employees and maintains cash reserves of £13 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 | 11,485,244 | 8,802,286 | 7,794,615 | 7,656,546 | 7,618,801 | 7,539,263 | 18,982,860 | 23,715,170 | 26,942,972 | 29,388,903 | 29,361,261 | 30,399,295 | 28,743,835 | 27,632,180 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 0 | 0 | 3,224 | 55,792 | 88,911 | 272,998 | 11,727,580 | 16,938,281 | 19,717,014 | 21,509,853 | 21,257,843 | 22,623,721 | 21,548,741 | 20,906,653 |
| Gross Profit | 11,485,244 | 8,802,286 | 7,791,391 | 7,600,754 | 7,529,890 | 7,266,265 | 7,255,280 | 6,776,889 | 7,225,958 | 7,879,050 | 8,103,418 | 7,775,574 | 7,195,094 | 6,725,527 |
| Admin Expenses | 11,150,722 | 8,561,939 | 7,552,961 | 7,397,613 | 7,301,407 | 7,087,884 | 7,043,960 | 6,579,504 | 7,015,493 | 10,029,160 | 7,829,390 | 7,512,632 | 6,951,782 | 6,498,094 |
| Operating Profit | 334,522 | 240,347 | 238,430 | 203,141 | 228,483 | 178,381 | 211,320 | 197,385 | 210,465 | -2,150,110 | 274,028 | 262,942 | 243,312 | 227,433 |
| Interest Payable | 12,442 | 247 | 34 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 41,615 | 40,476 | 3 | 550 | 1,363 | 2,127 | 13,556 | 1,596,503 | 35,377 | 17,913 | 14,384 | 4,103 | 3,755 | 3,010 |
| Pre-Tax Profit | 363,695 | 280,576 | 238,399 | 203,691 | 229,846 | 180,508 | 224,876 | 1,793,888 | 245,842 | -2,132,197 | 288,412 | 267,045 | 247,067 | 230,443 |
| Tax | -1,036 | -116,819 | -55,224 | -55,566 | -71,969 | -89,863 | -79,167 | -117,438 | -100,500 | -103,246 | -122,273 | -113,380 | -116,925 | -103,477 |
| Profit After Tax | 362,659 | 163,757 | 183,175 | 148,125 | 157,877 | 90,645 | 145,709 | 1,676,450 | 145,342 | -2,235,443 | 166,139 | 153,665 | 130,142 | 126,966 |
| Dividends Paid | 0 | 0 | 0 | 0 | 90,500 | 145,500 | 512,500 | 0 | 0 | 0 | 0 | 700,000 | 0 | 0 |
| Retained Profit | 362,659 | 163,757 | 183,175 | 148,125 | 67,377 | -54,855 | -366,791 | 1,676,450 | 145,342 | -2,235,443 | 166,139 | -546,335 | 130,142 | 126,966 |
| Employee Costs | 9,224,690 | 7,031,123 | 6,280,324 | 5,960,448 | 5,842,416 | 5,609,564 | 5,490,061 | 5,200,584 | 5,570,666 | 5,838,715 | 5,910,602 | 5,669,951 | 5,292,827 | 4,987,746 |
| Number Of Employees | 121 | 118 | 118 | 122 | 119 | 118 | 119 | 114 | 119 | 121 | 122 | 120 | 114 | 115 |
| EBITDA* | 431,683 | 285,607 | 271,672 | 231,147 | 262,021 | 221,028 | 250,561 | 229,601 | 242,475 | -2,113,074 | 314,591 | 311,133 | 278,105 | 265,583 |
* 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 | 2,461,252 | 98,448 | 77,844 | 57,818 | 56,706 | 59,604 | 71,140 | 83,398 | 57,243 | 65,298 | 60,251 | 80,453 | 55,868 | 64,386 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 249,160 | 1 | 1 | 1 | 205 | 205 | 205 | 205 | 205 | 2,395,620 | 5,688,062 | 205 | 205 | 205 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,969,462 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,710,412 | 98,449 | 77,845 | 57,819 | 56,911 | 59,809 | 71,345 | 83,603 | 3,026,910 | 2,460,918 | 5,748,313 | 80,658 | 56,073 | 64,591 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 143,633 | 845,570 | 698,314 | 411,249 | 277,574 | 1,232,339 | 2,362,227 | 3,029,257 | 449,045 | 307,400 | 191,373 | 4,158,754 | 1,761,941 | 4,026,670 |
| Misc Debtors | 858,575 | 415,074 | 389,287 | 408,118 | 424,835 | 417,498 | 689,963 | 418,404 | 284,321 | 299,276 | 219,378 | 329,392 | 332,649 | 325,412 |
| Cash | 13,028,723 | 8,546,278 | 4,121,324 | 2,879,070 | 1,683,155 | 2,052,820 | 3,103,658 | 3,738,711 | 3,102,791 | 2,637,189 | 4,658,659 | 2,810,195 | 6,463,706 | 3,525,016 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 14,030,931 | 9,806,922 | 5,208,925 | 3,698,437 | 2,385,564 | 3,702,657 | 6,155,848 | 7,186,372 | 3,836,157 | 3,243,865 | 5,069,410 | 7,298,341 | 8,558,296 | 7,877,098 |
| total assets | 16,741,343 | 9,905,371 | 5,286,770 | 3,756,256 | 2,442,475 | 3,762,466 | 6,227,193 | 7,269,975 | 6,863,067 | 5,704,783 | 10,817,723 | 7,378,999 | 8,614,369 | 7,941,689 |
| Bank overdraft | 0 | 0 | 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 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 13,026,289 | 7,678,913 | 3,478,773 | 2,207,029 | 1,017,901 | 2,509,490 | 4,876,718 | 5,409,903 | 6,128,527 | 5,723,902 | 7,843,363 | 5,709,729 | 6,254,733 | 5,878,418 |
| other short term finances | 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 |
| other current liabilities | 1,555,632 | 1,053,385 | 756,030 | 648,411 | 628,686 | 658,299 | 700,335 | 842,468 | 824,402 | 790,132 | 635,324 | 409,217 | 553,248 | 387,025 |
| total current liabilities | 14,581,921 | 8,732,298 | 4,234,803 | 2,855,440 | 1,646,587 | 3,167,789 | 5,577,053 | 6,252,371 | 6,952,929 | 6,514,034 | 8,478,687 | 6,118,946 | 6,807,981 | 6,265,443 |
| 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 | 2,631 | 5,262 | 52,278 | 88,770 | 133,155 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 640,803 | 14,482 | 10,117 | 5,649 | 4,461 | 3,782 | 4,390 | 5,063 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 643,434 | 19,744 | 62,395 | 94,419 | 137,616 | 3,782 | 4,390 | 5,063 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 15,225,355 | 8,752,042 | 4,297,198 | 2,949,859 | 1,784,203 | 3,171,571 | 5,581,443 | 6,257,434 | 6,952,929 | 6,514,034 | 8,478,687 | 6,118,946 | 6,807,981 | 6,265,443 |
| net assets | 1,515,988 | 1,153,329 | 989,572 | 806,397 | 658,272 | 590,895 | 645,750 | 1,012,541 | -89,862 | -809,251 | 2,339,036 | 1,260,053 | 1,806,388 | 1,676,246 |
| total shareholders funds | 1,515,988 | 1,153,329 | 989,572 | 806,397 | 658,272 | 590,895 | 645,750 | 1,012,541 | -89,862 | -809,251 | 2,339,036 | 1,260,053 | 1,806,388 | 1,676,246 |
| 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 | 334,522 | 240,347 | 238,430 | 203,141 | 228,483 | 178,381 | 211,320 | 197,385 | 210,465 | -2,150,110 | 274,028 | 262,942 | 243,312 | 227,433 |
| Depreciation | 97,161 | 45,260 | 33,242 | 28,006 | 33,538 | 42,647 | 39,241 | 32,216 | 32,010 | 37,036 | 40,563 | 48,191 | 34,793 | 38,150 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,036 | -116,819 | -55,224 | -55,566 | -71,969 | -89,863 | -79,167 | -117,438 | -100,500 | -103,246 | -122,273 | -113,380 | -116,925 | -103,477 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -258,436 | 173,043 | 268,234 | 116,958 | -947,428 | -1,402,353 | -395,471 | -255,167 | 3,096,152 | 195,925 | -4,077,395 | 2,393,556 | -2,257,492 | 4,352,082 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 502,247 | 297,355 | 107,619 | 19,725 | -29,613 | -42,036 | -142,133 | 18,066 | 34,270 | 154,808 | 226,107 | -144,031 | 166,223 | 387,025 |
| Deferred Taxes & Provisions | 626,321 | 4,365 | 4,468 | 1,188 | 679 | -608 | -673 | 5,063 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,817,651 | 297,465 | 60,301 | 79,536 | 1,108,546 | 1,490,874 | 424,059 | 390,459 | -2,919,907 | -2,257,437 | 4,495,820 | -2,339,834 | 2,584,895 | -3,802,951 |
| Investing Activities | ||||||||||||||
| capital expenditure | -14,517 | 3,933,719 | -23,840 | -42,068 | -4,794,745 | -72,226 | -25,903 | -53,647 | ||||||
| Change in Investments | 249,159 | 0 | 0 | -204 | 0 | 0 | 0 | 0 | -2,395,415 | -3,292,442 | 5,687,857 | 0 | 0 | 205 |
| cash flow from investments | -14,517 | 3,933,719 | 2,371,575 | 3,250,374 | -10,482,602 | -72,226 | -25,903 | -53,852 | ||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 5,347,376 | 4,200,140 | 1,271,744 | 1,189,128 | -1,491,589 | -2,367,228 | -533,185 | -718,624 | 404,625 | -2,119,461 | 2,133,634 | -545,004 | 376,315 | 5,878,418 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -2,631 | -47,016 | -36,492 | -44,385 | 133,155 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 29,173 | 40,229 | -31 | 550 | 1,363 | 2,127 | 13,556 | 1,596,503 | 35,377 | 17,913 | 14,384 | 3,755 | 3,010 | |
| cash flow from financing | 5,373,918 | 4,193,353 | 1,235,221 | 1,145,293 | -1,357,071 | -2,365,101 | -519,629 | 303,832 | 1,014,049 | -3,014,392 | 3,060,862 | 380,070 | 7,430,708 | |
| cash and cash equivalents | ||||||||||||||
| cash | 4,482,445 | 4,424,954 | 1,242,254 | 1,195,915 | -369,665 | -1,050,838 | -635,053 | 635,920 | 465,602 | -2,021,470 | 1,848,464 | -3,653,511 | 2,938,690 | 3,525,016 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,482,445 | 4,424,954 | 1,242,254 | 1,195,915 | -369,665 | -1,050,838 | -635,053 | 635,920 | 465,602 | -2,021,470 | 1,848,464 | -3,653,511 | 2,938,690 | 3,525,016 |
P&L
December 2022turnover
11.5m
+30%
operating profit
334.5k
+39%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.5m
+0.31%
total assets
16.7m
+0.69%
cash
13m
+0.52%
net assets
Total assets minus all liabilities
Similar Companies
hmm (europe) limited company details
company number
03220919
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
incorporation date
July 1996
age
28
accounts
Full Accounts
ultimate parent company
previous names
hyundai merchant marine (europe) limited (April 2020)
incorporated
UK
address
6th floor, 2 harbour exchange, harbour exchange square, london, E14 9GE
last accounts submitted
December 2022
hmm (europe) 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 1 charges/mortgages relating to hmm (europe) limited. Currently there are 0 open charges and 1 have been satisfied in the past.
hmm (europe) limited Companies House Filings - See Documents
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