northern gas networks operations limited

northern gas networks operations limited Company Information

Share NORTHERN GAS NETWORKS OPERATIONS LIMITED
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Company Number

03528783

Industry

Other business support service activities n.e.c.

 

Directors

Hing Kam

Andrew Hunter

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Shareholders

northern gas networks ltd

Group Structure

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Contact

Registered Address

1100 century way, thorpe park bussiness park, colton leeds, LS15 8TU

northern gas networks operations limited Estimated Valuation

£235.2m

Pomanda estimates the enterprise value of NORTHERN GAS NETWORKS OPERATIONS LIMITED at £235.2m based on a Turnover of £395.7m and 0.59x industry multiple (adjusted for size and gross margin).

northern gas networks operations limited Estimated Valuation

£438.1k

Pomanda estimates the enterprise value of NORTHERN GAS NETWORKS OPERATIONS LIMITED at £438.1k based on an EBITDA of £100k and a 4.38x industry multiple (adjusted for size and gross margin).

northern gas networks operations limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of NORTHERN GAS NETWORKS OPERATIONS LIMITED at £2.3m based on Net Assets of £980k and 2.35x industry multiple (adjusted for liquidity).

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Northern Gas Networks Operations Limited Overview

Northern Gas Networks Operations Limited is a live company located in colton leeds, LS15 8TU with a Companies House number of 03528783. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 1998, it's largest shareholder is northern gas networks ltd with a 100% stake. Northern Gas Networks Operations Limited is a mature, mega sized company, Pomanda has estimated its turnover at £395.7m with healthy growth in recent years.

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Northern Gas Networks Operations Limited Health Check

Pomanda's financial health check has awarded Northern Gas Networks Operations Limited a 3.5 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 Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £395.7m, make it larger than the average company (£3.6m)

£395.7m - Northern Gas Networks Operations Limited

£3.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (8.1%)

7% - Northern Gas Networks Operations Limited

8.1% - Industry AVG

production

Production

with a gross margin of 0%, this company has a higher cost of product (37.4%)

0% - Northern Gas Networks Operations Limited

37.4% - Industry AVG

profitability

Profitability

an operating margin of 0% make it less profitable than the average company (5.7%)

0% - Northern Gas Networks Operations Limited

5.7% - Industry AVG

employees

Employees

with 1555 employees, this is above the industry average (22)

1555 - Northern Gas Networks Operations Limited

22 - Industry AVG

paystructure

Pay Structure

on an average salary of £61.7k, the company has a higher pay structure (£47.2k)

£61.7k - Northern Gas Networks Operations Limited

£47.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £254.5k, this is more efficient (£148k)

£254.5k - Northern Gas Networks Operations Limited

£148k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 3 days, this is earlier than average (36 days)

3 days - Northern Gas Networks Operations Limited

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 8 days, this is quicker than average (32 days)

8 days - Northern Gas Networks Operations Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 6 days, this is less than average (28 days)

6 days - Northern Gas Networks Operations Limited

28 days - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Northern Gas Networks Operations Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 98.1%, this is a higher level of debt than the average (58.8%)

98.1% - Northern Gas Networks Operations Limited

58.8% - Industry AVG

NORTHERN GAS NETWORKS OPERATIONS LIMITED financials

EXPORTms excel logo

Northern Gas Networks Operations Limited's latest turnover from March 2024 is £395.7 million and the company has net assets of £980 thousand. According to their latest financial statements, Northern Gas Networks Operations Limited has 1,555 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Dec 2013Dec 2012Dec 2011Dec 2010Mar 2010
Turnover395,677,000369,857,000326,688,000320,438,000314,773,000298,365,000295,080,000288,274,000201,663,000241,202,000159,226,000168,240,000173,244,000140,591,000188,780,000
Other Income Or Grants000000000000000
Cost Of Sales395,577,000369,757,000326,588,000320,338,000314,673,000298,265,000294,980,000288,174,000201,565,000241,077,000159,126,000168,140,000173,144,000140,846,000187,774,000
Gross Profit100,000100,000100,000100,000100,000100,000100,000100,00098,000125,000100,000100,000100,000-255,0001,006,000
Admin Expenses0000000000000953,0001,405,000
Operating Profit100,000100,000100,000100,000100,000100,000100,000100,00098,000125,000100,000100,000100,000-1,208,000-399,000
Interest Payable0000000000000275,000541,000
Interest Receivable000000000002,0003,00000
Pre-Tax Profit100,000100,000100,000100,000100,000100,000100,000100,00098,000125,000100,000102,000103,000-1,483,000-880,000
Tax-29,000-19,000-19,000-19,000-23,000-17,00043,000-20,000-20,000-27,0002,000-25,000-187,000274,000518,000
Profit After Tax71,00081,00081,00081,00077,00083,000143,00080,00078,00098,000102,00077,000-84,000-1,209,000-362,000
Dividends Paid000000000000000
Retained Profit71,00081,00081,00081,00077,00083,000143,00080,00078,00098,000102,00077,000-84,000-1,209,000-362,000
Employee Costs95,962,00084,992,00077,246,00075,654,00075,349,00075,328,00070,789,00067,440,00064,018,00078,022,00055,461,00052,602,00051,628,00038,758,00048,973,000
Number Of Employees1,5551,4801,3981,4041,3991,4311,4701,4521,3881,3331,2141,1221,1391,1021,063
EBITDA*100,000100,000100,000100,000100,000100,000100,000100,00098,000125,000100,000100,000100,000-1,208,000-399,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Dec 2013Dec 2012Dec 2011Dec 2010Mar 2010
Tangible Assets000000000000000
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets000000000000000
Stock & work in progress6,659,0005,677,0005,244,0006,257,0004,946,0003,552,0002,560,0002,643,0002,415,0001,973,0002,242,0001,278,000879,000842,000788,000
Trade Debtors4,174,000264,000789,0001,289,0003,465,0001,805,000361,000120,0001,176,000633,000345,000191,000326,0002,609,0006,106,000
Group Debtors33,699,00041,177,00030,850,00037,095,00030,008,00026,730,00031,921,00020,412,00019,936,00032,967,00030,645,00025,329,00027,257,00021,431,000749,000
Misc Debtors7,172,0006,626,0006,249,0004,212,00011,162,00015,841,0005,522,00014,736,0003,567,000811,0004,176,0003,257,0003,821,0004,979,00037,492,000
Cash00000000000123,000798,000138,0005,410,000
misc current assets000000000000000
total current assets51,704,00053,744,00043,132,00048,853,00049,581,00047,928,00040,364,00037,911,00027,094,00036,384,00037,408,00030,178,00033,081,00029,999,00050,545,000
total assets51,704,00053,744,00043,132,00048,853,00049,581,00047,928,00040,364,00037,911,00027,094,00036,384,00037,408,00030,178,00033,081,00029,999,00050,545,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 9,455,0008,597,0006,683,0008,310,00010,064,0004,860,0004,850,0006,524,0004,611,0002,754,0002,601,0001,355,0001,553,0003,404,0003,317,000
Group/Directors Accounts0000000000000035,244,000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities41,269,00044,238,00035,621,00039,796,00038,851,00042,479,00035,008,00031,024,00022,200,00033,425,00034,700,00028,648,00030,680,00025,465,00020,079,000
total current liabilities50,724,00052,835,00042,304,00048,106,00048,915,00047,339,00039,858,00037,548,00026,811,00036,179,00037,301,00030,003,00032,233,00028,869,00058,640,000
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions00000000000170,000920,0001,118,0009,802,000
total long term liabilities00000000000170,000920,0001,118,0009,802,000
total liabilities50,724,00052,835,00042,304,00048,106,00048,915,00047,339,00039,858,00037,548,00026,811,00036,179,00037,301,00030,173,00033,153,00029,987,00068,442,000
net assets980,000909,000828,000747,000666,000589,000506,000363,000283,000205,000107,0005,000-72,00012,000-17,897,000
total shareholders funds980,000909,000828,000747,000666,000589,000506,000363,000283,000205,000107,0005,000-72,00012,000-17,897,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Dec 2013Dec 2012Dec 2011Dec 2010Mar 2010
Operating Activities
Operating Profit100,000100,000100,000100,000100,000100,000100,000100,00098,000125,000100,000100,000100,000-1,208,000-399,000
Depreciation000000000000000
Amortisation000000000000000
Tax-29,000-19,000-19,000-19,000-23,000-17,00043,000-20,000-20,000-27,0002,000-25,000-187,000274,000518,000
Stock982,000433,000-1,013,0001,311,0001,394,000992,000-83,000228,000442,0001,973,000964,000399,00037,000842,000788,000
Debtors-3,022,00010,179,000-4,708,000-2,039,000259,0006,572,0002,536,00010,589,000-9,732,00034,411,0006,389,000-2,627,0002,385,00029,019,00044,347,000
Creditors858,0001,914,000-1,627,000-1,754,0005,204,00010,000-1,674,0001,913,0001,857,0002,754,0001,246,000-198,000-1,851,0003,404,0003,317,000
Accruals and Deferred Income-2,969,0008,617,000-4,175,000945,000-3,628,0007,471,0003,984,0008,824,000-11,225,00033,425,0006,052,000-2,032,0005,215,00025,465,00020,079,000
Deferred Taxes & Provisions0000000000-170,000-750,000-198,0001,118,0009,802,000
Cash flow from operations000000000-107,000-123,000-677,000657,000-808,000-11,818,000
Investing Activities
capital expenditure000000000000000
Change in Investments000000000000000
cash flow from investments000000000000000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts0000000000000035,244,000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue000000000107,0000001,221,000-17,535,000
interest000000000002,0003,000-275,000-541,000
cash flow from financing000000000107,00002,0003,000946,00017,168,000
cash and cash equivalents
cash0000000000-123,000-675,000660,000138,0005,410,000
overdraft000000000000000
change in cash0000000000-123,000-675,000660,000138,0005,410,000

northern gas networks operations 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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Northern Gas Networks Operations Limited Competitor Analysis

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Perform a competitor analysis for northern gas networks operations limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in LS15 area or any other competitors across 12 key performance metrics.

northern gas networks operations limited Ownership

NORTHERN GAS NETWORKS OPERATIONS LIMITED group structure

Northern Gas Networks Operations Limited has no subsidiary companies.

Ultimate parent company

2 parents

NORTHERN GAS NETWORKS OPERATIONS LIMITED

03528783

NORTHERN GAS NETWORKS OPERATIONS LIMITED Shareholders

northern gas networks ltd 100%

northern gas networks operations limited directors

Northern Gas Networks Operations Limited currently has 9 directors. The longest serving directors include Mr Hing Kam (Oct 2010) and Mr Andrew Hunter (Oct 2010).

officercountryagestartendrole
Mr Hing KamHong Kong78 years Oct 2010- Director
Mr Andrew Hunter66 years Oct 2010- Director
Mr Neil McGeeHong Kong73 years Oct 2010- Director
Mr Mark HorsleyUnited Kingdom65 years Jan 2011- Director
Mr Duncan MacRae54 years Jun 2011- Director
Mr Loi Chan62 years Aug 2012- Director
Mr Chao TsaiHong Kong67 years Feb 2014- Director
Mr Simon Beer44 years Dec 2016- Director
Ms Jenny YuUnited Kingdom52 years Jul 2023- Director

P&L

March 2024

turnover

395.7m

+7%

operating profit

100k

0%

gross margin

0.1%

-6.53%

turnover

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

Balance Sheet

March 2024

net assets

980k

+0.08%

total assets

51.7m

-0.04%

cash

0

0%

net assets

Total assets minus all liabilities

northern gas networks operations limited company details

company number

03528783

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

March 1998

age

26

incorporated

UK

accounts

Full Accounts

last accounts submitted

March 2024

previous names

united utilities operations limited (November 2010)

united utilities defence partners limited (April 2004)

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accountant

-

auditor

DELOITTE LLP

address

1100 century way, thorpe park bussiness park, colton leeds, LS15 8TU

Bank

-

Legal Advisor

-

northern gas networks operations 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 did not find charges/mortgages relating to northern gas networks operations limited.

northern gas networks operations 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.

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northern gas networks operations limited Companies House Filings - See Documents

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