Sk Energy Europe Limited

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sk energy europe limited Company Information

Live

MatureMegaRapid

Company Number

04138778

Website

http://www.skenergy.com

Registered Address

20 north audley street, london, W1K 6WE

Industry

Wholesale of fuels and related products (other than petroleum and petroleum products)

Sea and coastal freight water transport

Telephone

02074370211

Next Accounts Due

September 2025

Group Structure

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Directors

Kyungsik Kang3 Years

Jae Kim2 Years

View All

Shareholders

sk energy international pte ltd 100%

sk energy europe limited Estimated Valuation

£1.7b

Pomanda estimates the enterprise value of SK ENERGY EUROPE LIMITED at £1.7b based on a Turnover of £2.8b and 0.58x industry multiple (adjusted for size and gross margin).

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Sk Energy Europe Limited is a live company located in london, W1K 6WE with a Companies House number of 04138778. It operates in the wholesale of other fuels and related products sector, SIC Code 46719. Founded in January 2001, it's largest shareholder is sk energy international pte ltd with a 100% stake. Sk Energy Europe Limited is a mature, mega sized company, Pomanda has estimated its turnover at £2.8b with rapid growth in recent years.

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Pomanda's financial health check has awarded Sk Energy Europe Limited a 4.5 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 Rating4.5out of 5

5 Strong

1 Regular

5 Weak

Size

annual sales of £2.8b, make it larger than the average company (£70.2m)

Growth

3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (12.5%)

EXPORT

Sk Energy Europe Limited's latest turnover from December 2023 is £2.8 billion and the company has net assets of £64.4 million. According to their latest financial statements, Sk Energy Europe Limited has 5 employees and maintains cash reserves of £60.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	2,839,103,833	3,266,412,190	1,887,858,917	879,271,265	2,231,837,610	4,190,617,225	2,734,419,728	2,371,212,979	3,859,251,341	3,915,808,268	3,071,523,170	3,493,696,840	4,099,781,853	3,126,256,312	2,047,881,796
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,833,589,381	3,265,143,732	1,888,897,253	874,175,806	2,235,127,571	4,193,905,901	2,735,756,016	2,379,502,758	3,847,049,403	3,911,769,453	3,069,336,801	3,493,144,383	4,098,363,675	3,129,948,012	2,046,302,271
Gross Profit	5,514,452	1,268,457	-1,038,336	5,095,459	-3,289,961	-3,288,676	-1,336,289	-8,289,779	12,201,938	4,038,816	2,186,368	552,457	1,418,178	-3,691,700	1,579,525
Admin Expenses	1,182,061	1,233,113	1,479,901	1,823,057	2,596,497	5,073,365	6,096,422	5,274,391	16,691,489	5,041,118	5,189,977	3,804,103	2,559,348	1,850,964	-894,903
Operating Profit	4,332,391	35,344	-2,518,237	3,272,402	-5,886,458	-8,362,041	-7,432,711	-13,564,170	-4,489,551	-1,002,302	-3,003,609	-3,251,646	-1,141,170	-5,542,664	2,474,428
Interest Payable	0	0	0	8,124	19,626	544,657	0	0	681,400	1,079,696	757,123	1,909,678	1,327	552,307	699,480
Interest Receivable	2,425,384	540,370	126,493	551,628	950,061	653,103	628,562	212,688	49,643	51,382	104,415	81,505	11,907	71,730	184,918
Pre-Tax Profit	6,757,776	575,715	-2,391,743	3,815,907	-4,956,022	-8,248,804	-6,804,148	-13,351,481	7,080,631	-2,030,615	-3,656,316	-5,079,818	-1,130,589	-6,023,241	1,959,866
Tax	2,104,147	-515,237	0	787,229	0	-5,468,102	873,971	2,290,941	-1,820,802	592,137	376,663	1,048,245	578,267	1,262,850	-461,820
Profit After Tax	8,861,923	60,478	-2,391,743	4,603,136	-4,956,022	-13,716,906	-5,930,177	-11,060,540	5,259,829	-1,438,478	-3,279,654	-4,031,573	-552,322	-4,760,392	1,498,046
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	8,861,923	60,478	-2,391,743	4,603,136	-4,956,022	-13,716,906	-5,930,177	-11,060,540	5,259,829	-1,438,478	-3,279,654	-4,031,573	-552,322	-4,760,392	1,498,046
Employee Costs	870,248	503,456	685,240	779,105	1,319,328	2,865,231	2,814,281	3,072,009	4,217,311	2,413,908	2,554,522	1,677,967	735,374	694,497	749,166
Number Of Employees	5	4	6	8	12	21	24	28	26	23	21	19	10	9	9
EBITDA*	4,374,803	76,186	-2,408,817	3,486,880	-5,869,739	-8,332,536	-7,404,212	-13,538,037	-4,447,113	-968,829	-2,976,210	-3,238,173	-1,125,056	-5,531,384	2,491,047

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	5,307,100	1,100,377	2,069,688	2,236,575	272,589	57,416	5,809,848	4,486,063	2,603,091	3,677,068	3,038,800	2,250,929	1,362,845	725,526	38,553
Intangible Assets	40,057	80,113	117,957	129,986	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	48,696	47,910	13,968	14,623	15,991	26,124	37,207	23,228	24,021	31,083	29,019	16,132	10,858	10,708	12,828
Debtors (Due After 1 year)	2,628,023	523,876	1,026,695	1,074,823	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,719,132	656,613	1,160,949	1,291,737	272,588	56,998	5,809,848	4,486,062	2,603,090	3,677,068	3,038,800	2,250,928	1,362,844	725,526	38,553
Stock & work in progress	0	0	0	0	0	23,793,540	77,727,992	0	17,427,336	0	13,283,044	39,340,617	0	0	0
Trade Debtors	115,457	727,301	109,421	152,734	986,407	135,461,722	63,054,940	105,166,231	99,353,831	77,160,242	331,499,580	20,935,410	115,577,184	147,332,084	104,239,755
Group Debtors	115,772,855	89,924,599	2,598,168	2,832,074	53,529,112	205,250,949	235,989,550	47,092,044	0	25,274,792	36,489,104	3,781,544	288,416,665	219,054,597	180,190,293
Misc Debtors	68,331	53,408	15,520	75,554	79,232	107,663	376,029	65,331	0	5,183,506	6,801,320	6,499,019	7,009,599	1,909,550	3,221,046
Cash	60,706,880	56,860,666	54,026,074	58,695,263	48,170,385	32,009,183	63,027,232	67,436,120	44,084,394	35,060,621	17,310,273	38,375,610	3,073,092	10,003,456	9,376,036
misc current assets	95,822	37,700	0	40,621	479,756	4,703,349	3,787,207	4,180,459	14,664,104	24,596,247	0	0	1,006,498	950,550	2,011,556
total current assets	176,759,347	147,603,676	56,749,185	61,796,247	103,244,894	403,242,424	443,962,951	223,940,186	175,529,666	167,275,410	405,383,322	108,932,203	415,083,040	379,250,238	299,038,688
total assets	179,478,479	148,260,289	57,910,134	63,087,984	103,517,482	403,299,422	449,772,799	228,426,248	178,132,756	170,952,478	408,422,122	111,183,131	416,445,884	379,975,764	299,077,241
Bank overdraft	0	0	0	0	0	0	0	0	0	10,262,726	131,935,390	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	104,145,460	51,557,493	97,005	220,977	53,577,815	287,343,700	321,707,568	77,388,937	41,193,050	41,469,021	113,783,665	15,965,895	293,462,575	220,075,664	189,390,174
Group/Directors Accounts	1	0	1	0	0	406,489	1	1	1	1	1	1	0	1	0
other short term finances	0	0	0	0	0	0	0	0	0	4,843,201	0	0	0	0	0
hp & lease commitments	0	0	0	82,053	263,138	0	0	0	0	0	0	0	0	0	0
other current liabilities	10,942,506	41,182,845	3,024,211	2,923,876	234,789	55,869,220	55,205,825	78,790,649	45,047,640	40,352,120	88,207,582	86,353,768	108,353,813	145,562,190	90,714,796
total current liabilities	115,087,967	92,740,339	3,121,217	3,226,907	54,075,743	343,622,807	376,913,395	156,179,588	86,240,692	96,927,070	333,926,638	102,319,665	401,816,390	365,637,855	280,104,972
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	16,493	7,854	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	16,493	7,854	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	115,104,460	92,748,193	3,121,217	3,226,907	54,075,743	343,622,807	376,913,395	156,179,588	86,240,692	96,927,070	333,926,638	102,319,665	401,816,390	365,637,855	280,104,972
net assets	64,374,018	55,512,095	54,788,917	59,861,077	49,441,738	59,676,615	72,859,405	72,246,660	91,892,064	74,025,407	74,495,484	8,863,466	14,629,495	14,337,908	18,972,270
total shareholders funds	64,374,018	55,512,096	54,788,918	59,861,077	49,441,739	59,677,033	72,859,405	72,246,661	91,892,065	74,025,408	74,495,485	8,863,467	14,629,496	14,337,908	18,972,270

	Dec 2023	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	4,332,391	35,344	-2,518,237	3,272,402	-5,886,458	-8,362,041	-7,432,711	-13,564,170	-4,489,551	-1,002,302	-3,003,609	-3,251,646	-1,141,170	-5,542,664	2,474,428
Depreciation	2,356	1,571	69,843	214,477	16,719	29,506	28,499	26,132	42,437	33,473	27,398	13,473	16,113	11,280	16,620
Amortisation	40,056	39,271	39,577	0	0	0	0	0	0	0	0	0	0	0	0
Tax	2,104,147	-515,237	0	787,229	0	-5,468,102	873,971	2,290,941	-1,820,802	592,137	376,663	1,048,245	578,267	1,262,850	-461,820
Stock	0	0	0	0	-23,793,540	-53,934,452	77,727,992	-17,427,336	17,427,336	-13,283,044	-26,057,573	39,340,617	0	0	0
Debtors	27,355,482	87,479,380	-385,380	-50,459,566	-285,239,004	40,413,236	147,096,913	52,969,775	-8,264,709	-267,171,464	343,574,030	-379,787,475	42,707,218	80,645,136	287,651,095
Creditors	52,587,967	51,460,488	-123,972	-53,356,838	-233,765,885	-34,363,868	244,318,631	36,195,887	-275,971	-72,314,644	97,817,770	-277,496,680	73,386,911	30,685,490	189,390,174
Accruals and Deferred Income	-30,240,339	38,158,634	100,335	2,689,087	-55,634,431	663,395	-23,584,824	33,743,009	4,695,520	-47,855,462	1,853,814	-22,000,045	-37,208,377	54,847,394	90,714,796
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	1,471,096	1,700,691	-2,047,074	4,065,923	13,762,489	-33,979,894	-10,621,339	23,149,360	-11,010,994	159,907,710	-220,444,421	38,760,205	-7,075,474	619,214	-5,516,897
Investing Activities
capital expenditure	-4,209,079	966,314	69,495	-2,308,449	-231,892	5,722,926	-1,352,284	-1,909,104	1,031,540	-671,741	-815,269	-901,557	-653,432	-698,253	-55,173
Change in Investments	786	33,942	-655	-1,368	-10,133	-11,083	13,979	-793	-7,062	2,064	12,887	5,274	150	-2,120	12,828
cash flow from investments	-4,209,865	932,372	70,150	-2,307,081	-221,759	5,734,009	-1,366,263	-1,908,311	1,038,602	-673,805	-828,156	-906,831	-653,582	-696,133	-68,001
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-1	1	0	-406,489	406,488	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	-4,843,201	4,843,201	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-82,053	-181,085	263,138	0	0	0	0	0	0	0	0	0	0
other long term liabilities	8,639	7,854	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	662,699	-2,680,416	5,816,203	-5,279,273	534,535	6,542,921	-8,584,864	12,606,828	968,401	68,911,672	-1,734,456	843,910	126,030	17,474,224
interest	2,425,384	540,370	126,493	543,504	930,435	108,446	628,562	212,688	-631,757	-1,028,314	-652,708	-1,828,173	10,580	-480,577	-514,562
cash flow from financing	2,434,023	1,210,922	-2,635,975	6,178,622	-4,492,189	1,049,469	7,171,483	-8,372,176	7,131,870	4,783,288	68,258,964	-3,562,629	854,490	-354,547	16,959,662
cash and cash equivalents
cash	3,846,214	2,834,592	-4,669,189	10,524,878	16,161,202	-31,018,049	-4,408,888	23,351,726	9,023,773	17,750,348	-21,065,337	35,302,518	-6,930,364	627,420	9,376,036
overdraft	0	0	0	0	0	0	0	0	-10,262,726	-121,672,664	131,935,390	0	0	0	0
change in cash	3,846,214	2,834,592	-4,669,189	10,524,878	16,161,202	-31,018,049	-4,408,888	23,351,726	19,286,499	139,423,012	-153,000,727	35,302,518	-6,930,364	627,420	9,376,036

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SK ENERGY EUROPE LIMITED group structure

Sk Energy Europe Limited has no subsidiary companies.

Ultimate parent company

SK HOLDINGS CO LTD.

#0094574

SK ENERGY INTERNATIONAL PTE LTD

#0078098

2 parents

SK ENERGY EUROPE LIMITED

04138778

SK ENERGY EUROPE LIMITED Shareholders

sk energy international pte ltd

100%

Sk Energy Europe Limited currently has 3 directors. The longest serving directors include Kyungsik Kang (Jan 2021) and Mr Jae Kim (Jan 2022).

officer	country	age	start	end	role
Kyungsik Kang	United Kingdom	49 years	Jan 2021	-	Director
Mr Jae Kim	United Kingdom	54 years	Jan 2022	-	Director
Mr Jin Jeong	United Kingdom	46 years	Dec 2023	-	Director

P&L

December 2023

turnover

2.8b

-13%

operating profit

4.3m

+12158%

gross margin

0.2%

+400.17%

turnover

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

Balance Sheet

December 2023

net assets

64.4m

+0.16%

total assets

179.5m

+0.21%

cash

60.7m

+0.07%

net assets

Total assets minus all liabilities

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4.5

company number

04138778

Type

Private limited with Share Capital

industry

46719 - Wholesale of fuels and related products (other than petroleum and petroleum products)

50200 - Sea and coastal freight water transport

incorporation date

January 2001

ultimate parent company

SK HOLDINGS CO LTD.

previous names

N/A

address

20 north audley street, london, W1K 6WE

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 13 charges/mortgages relating to sk energy europe limited. Currently there are 3 open charges and 10 have been satisfied in the past.

sk energy europe limited Company Information

sk energy europe limited Estimated Valuation

sk energy europe limited Estimated Valuation

sk energy europe limited Estimated Valuation

Sk Energy Europe Limited Overview

Sk Energy Europe Limited Health Check

SK ENERGY EUROPE LIMITED financials

sk energy europe limited Credit Report and Business Information

Sk Energy Europe Limited Competitor Analysis

sk energy europe limited Ownership

sk energy europe limited directors

sk energy europe limited company details

sk energy europe limited Charges & Mortgages

sk energy europe limited Companies House Filings - See Documents