hoh oilfield services limited

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hoh oilfield services limited Company Information

Share HOH OILFIELD SERVICES LIMITED

Company Number

03552352

Directors

Michael Coe

Shareholders

darren allport

Group Structure

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Industry

Support activities for petroleum and natural gas extraction

 

Registered Address

the perch halton lane, wendover, HP22 6AZ

hoh oilfield services limited Estimated Valuation

£644.3k

Pomanda estimates the enterprise value of HOH OILFIELD SERVICES LIMITED at £644.3k based on a Turnover of £1.2m and 0.53x industry multiple (adjusted for size and gross margin).

hoh oilfield services limited Estimated Valuation

£11.1k

Pomanda estimates the enterprise value of HOH OILFIELD SERVICES LIMITED at £11.1k based on an EBITDA of £6.3k and a 1.76x industry multiple (adjusted for size and gross margin).

hoh oilfield services limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of HOH OILFIELD SERVICES LIMITED at £3.2m based on Net Assets of £2.3m and 1.4x industry multiple (adjusted for liquidity).

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Hoh Oilfield Services Limited Overview

Hoh Oilfield Services Limited is a live company located in wendover, HP22 6AZ with a Companies House number of 03552352. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in April 1998, it's largest shareholder is darren allport with a 100% stake. Hoh Oilfield Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.

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Hoh Oilfield Services Limited Health Check

Pomanda's financial health check has awarded Hoh Oilfield Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £1.2m, make it smaller than the average company (£16.6m)

£1.2m - Hoh Oilfield Services Limited

£16.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -32%, show it is growing at a slower rate (3.4%)

-32% - Hoh Oilfield Services Limited

3.4% - Industry AVG

production

Production

with a gross margin of 24.6%, this company has a comparable cost of product (24.6%)

24.6% - Hoh Oilfield Services Limited

24.6% - Industry AVG

profitability

Profitability

an operating margin of 0.5% make it less profitable than the average company (6.7%)

0.5% - Hoh Oilfield Services Limited

6.7% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (40)

3 - Hoh Oilfield Services Limited

40 - Industry AVG

paystructure

Pay Structure

on an average salary of £71.6k, the company has an equivalent pay structure (£71.6k)

£71.6k - Hoh Oilfield Services Limited

£71.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £403.9k, this is more efficient (£220.2k)

£403.9k - Hoh Oilfield Services Limited

£220.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 112 days, this is later than average (54 days)

112 days - Hoh Oilfield Services Limited

54 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (27 days)

0 days - Hoh Oilfield Services Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 37 days, this is more than average (28 days)

37 days - Hoh Oilfield Services Limited

28 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 95 weeks, this is more cash available to meet short term requirements (6 weeks)

95 weeks - Hoh Oilfield Services Limited

6 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 2.4%, this is a lower level of debt than the average (55.2%)

2.4% - Hoh Oilfield Services Limited

55.2% - Industry AVG

HOH OILFIELD SERVICES LIMITED financials

EXPORTms excel logo

Hoh Oilfield Services Limited's latest turnover from December 2023 is estimated at £1.2 million and the company has net assets of £2.3 million. According to their latest financial statements, Hoh Oilfield Services Limited has 3 employees and maintains cash reserves of £101.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Aug 2011Aug 2010Aug 2009
Turnover1,211,791958,6571,132,6783,861,0585,698,0305,463,8942,385,1131,894,2664,782,4068,505,56019,084,23856,061,13949,763,39629,318,27621,710,614
Other Income Or Grants
Cost Of Sales913,888760,933952,5313,181,5484,512,3864,405,8941,833,8991,464,2283,696,6997,873,46216,143,26551,043,75146,050,72924,457,80718,707,710
Gross Profit297,902197,724180,147679,5101,185,6441,058,000551,213430,0381,085,707632,0982,940,9735,017,3883,712,6674,860,4693,002,904
Admin Expenses291,58043,818630,739829,4481,511,6021,039,2611,114,3161,629,5081,075,1901,076,5011,106,674185,4512,502,562972,675846,822
Operating Profit6,322153,906-450,592-149,938-325,95818,739-563,103-1,199,47010,517-444,4031,834,2994,831,9371,210,1053,887,7942,156,082
Interest Payable2,5054,310
Interest Receivable16,85216,7391,23988311,51715,59713,7409,5693,9158,43010,50426,89836,27018,39965,587
Pre-Tax Profit23,173170,644-449,353-149,055-314,44134,336-549,363-1,189,90111,927-440,2831,844,8034,858,8351,246,3753,906,1932,493,984
Tax-5,793-32,422-6,524-15,89294,071-391,922-1,193,264-370,705-1,097,102-701,220
Profit After Tax17,380138,222-449,353-149,055-314,44127,812-549,363-1,189,901-3,965-346,2121,452,8813,665,571875,6702,809,0911,792,764
Dividends Paid134,9533,006,7956,100,000
Retained Profit17,380138,222-449,353-149,055-314,44127,812-549,363-1,189,901-138,918-3,353,0071,452,8813,665,571-5,224,3302,809,0911,792,764
Employee Costs214,778219,492217,800398,837418,320416,226402,000410,814417,631672,777741,940972,622764,422593,081559,089
Number Of Employees333666666121514131111
EBITDA*6,322153,906-450,592-149,938-325,95818,739-563,103-1,185,23647,409-411,1361,853,6144,869,6841,231,9863,900,0182,161,560

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Aug 2011Aug 2010Aug 2009
Tangible Assets14,23451,12684,39361,42999,17724,4491,000
Intangible Assets
Investments & Other1,757,3641,721,5461,292,0931,025,526236,03956,655
Debtors (Due After 1 year)
Total Fixed Assets1,757,3641,721,5461,292,0931,025,526236,03956,65514,23451,12684,39361,42999,17724,4491,000
Stock & work in progress92,854180,668259,624293,818387,186276,73756,727102,896815,5921,091,1212,028,3465,437,91110,657,7655,139,8583,049,108
Trade Debtors373,476101,316207,485876,9371,176,6921,345,549707,512437,823748,602865,3653,027,4422,214,017391,8652,720,2454,826,421
Group Debtors
Misc Debtors12,66392,7113,98321,599459,16758,97375,93630,633163,33564,652572,657538,609173,693255,354
Cash101,232540,735415,763575,1571,190,1921,881,0202,278,2403,217,5734,437,4485,066,2016,998,1516,603,9799,713,17811,886,4666,808,245
misc current assets
total current assets580,225915,430886,8551,767,5113,213,2373,562,2793,118,4153,788,9256,164,9777,022,68712,118,59114,828,56421,301,41719,920,26214,939,128
total assets2,337,5892,636,9762,178,9482,793,0373,449,2763,618,9343,118,4153,788,9256,179,2117,073,81312,202,98414,889,99321,400,59419,944,71114,940,128
Bank overdraft
Bank loan
Trade Creditors 1,292122,18619,791172,458604,674537,52541,37462,768263,834733,024623,0442,617,7735,304,9063,272,5112,397,576
Group/Directors Accounts52
other short term finances
hp & lease commitments
other current liabilities54,000249,87332,46244,531119,49941,81365,309165,0621,164,3811,450,8753,337,0185,482,17612,971,2148,323,3967,002,839
total current liabilities55,292372,05952,253216,989724,173579,390106,683227,8301,428,2152,183,8993,960,0628,099,94918,276,12011,595,9079,400,415
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities55,292372,05952,253216,989724,173579,390106,683227,8301,428,2152,183,8993,960,0628,099,94918,276,12011,595,9079,400,415
net assets2,282,2972,264,9172,126,6952,576,0482,725,1033,039,5443,011,7323,561,0954,750,9964,889,9148,242,9226,790,0443,124,4748,348,8045,539,713
total shareholders funds2,282,2972,264,9172,126,6952,576,0482,725,1033,039,5443,011,7323,561,0954,750,9964,889,9148,242,9226,790,0443,124,4748,348,8045,539,713
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Aug 2011Aug 2010Aug 2009
Operating Activities
Operating Profit6,322153,906-450,592-149,938-325,95818,739-563,103-1,199,47010,517-444,4031,834,2994,831,9371,210,1053,887,7942,156,082
Depreciation14,23436,89233,26719,31537,74721,88112,2245,478
Amortisation
Tax-5,793-32,422-6,524-15,89294,071-391,922-1,193,264-370,705-1,097,102-701,220
Stock-87,814-78,956-34,194-93,368110,449220,010-46,169-712,696-275,529-937,225-3,409,565-5,219,8545,517,9072,090,7503,049,108
Debtors192,112-17,441-687,068-737,323231,337621,074314,992-443,48146,572-2,226,729305,4201,856,200-1,963,464-2,187,8375,081,775
Creditors-120,894102,395-152,667-432,21667,149496,151-21,394-201,066-469,190109,980-1,994,729-2,687,1332,032,395874,9352,397,576
Accruals and Deferred Income-195,873217,411-12,069-74,96877,686-23,496-99,753-999,319-286,494-1,886,143-2,145,158-7,489,0384,647,8181,320,5577,002,839
Deferred Taxes & Provisions
Cash flow from operations-420,536537,687105,934173,569-522,909-356,214-953,073-1,229,444-495,2101,070,726425,950-3,136,0973,987,0515,095,4952,729,872
Investing Activities
capital expenditure-42,279-96,607-31,868-1,000
Change in Investments35,818429,453266,567789,487179,38456,655
cash flow from investments-35,818-429,453-266,567-789,487-179,384-56,655-42,279-96,607-31,868-1,000
Financing Activities
Bank loans
Group/Directors Accounts-5252
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-1-3-13,746,949
interest16,85216,7391,23988311,51715,59713,7409,5691,4104,12010,50426,89836,27018,39965,587
cash flow from financing16,85216,7391,23988311,46515,64913,7409,5691,4104,11910,50126,89736,27018,3993,812,536
cash and cash equivalents
cash-439,503124,972-159,394-615,035-690,828-397,220-939,333-1,219,875-628,753-1,931,950394,172-3,109,199-2,173,2885,078,2216,808,245
overdraft
change in cash-439,503124,972-159,394-615,035-690,828-397,220-939,333-1,219,875-628,753-1,931,950394,172-3,109,199-2,173,2885,078,2216,808,245

hoh oilfield services 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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Hoh Oilfield Services Limited Competitor Analysis

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Perform a competitor analysis for hoh oilfield services limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other small companies, companies in HP22 area or any other competitors across 12 key performance metrics.

hoh oilfield services limited Ownership

HOH OILFIELD SERVICES LIMITED group structure

Hoh Oilfield Services Limited has no subsidiary companies.

Ultimate parent company

HOH OILFIELD SERVICES LIMITED

03552352

HOH OILFIELD SERVICES LIMITED Shareholders

darren allport 100%

hoh oilfield services limited directors

Hoh Oilfield Services Limited currently has 1 director, Mr Michael Coe serving since Sep 2013.

officercountryagestartendrole
Mr Michael CoeEngland51 years Sep 2013- Director

P&L

December 2023

turnover

1.2m

+26%

operating profit

6.3k

0%

gross margin

24.6%

+19.19%

turnover

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

Balance Sheet

December 2023

net assets

2.3m

+0.01%

total assets

2.3m

-0.11%

cash

101.2k

-0.81%

net assets

Total assets minus all liabilities

hoh oilfield services limited company details

company number

03552352

Type

Private limited with Share Capital

industry

09100 - Support activities for petroleum and natural gas extraction

incorporation date

April 1998

age

27

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

the perch halton lane, wendover, HP22 6AZ

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

hoh oilfield services 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 4 charges/mortgages relating to hoh oilfield services limited. Currently there are 4 open charges and 0 have been satisfied in the past.

hoh oilfield services 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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hoh oilfield services limited Companies House Filings - See Documents

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