max petroleum plc
max petroleum plc Company Information
Company Number
05419021
Next Accounts
3488 days late
Shareholders
-
Group Structure
View All
Industry
Extraction of crude petroleum
Registered Address
c/o evelyn partners llp, 45 gresham street, london, EC2V 7BG
Website
www.maxpetroleum.commax petroleum plc Estimated Valuation
Pomanda estimates the enterprise value of MAX PETROLEUM PLC at £89.3m based on a Turnover of £61.8m and 1.44x industry multiple (adjusted for size and gross margin).
max petroleum plc Estimated Valuation
Pomanda estimates the enterprise value of MAX PETROLEUM PLC at £18.7m based on an EBITDA of £5.6m and a 3.32x industry multiple (adjusted for size and gross margin).
max petroleum plc Estimated Valuation
Pomanda estimates the enterprise value of MAX PETROLEUM PLC at £98.8m based on Net Assets of £78.4m and 1.26x industry multiple (adjusted for liquidity).
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Max Petroleum Plc Overview
Max Petroleum Plc is a live company located in london, EC2V 7BG with a Companies House number of 05419021. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in April 2005, it's largest shareholder is unknown. Max Petroleum Plc is a mature, large sized company, Pomanda has estimated its turnover at £61.8m with high growth in recent years.
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Max Petroleum Plc Health Check
Pomanda's financial health check has awarded Max Petroleum Plc a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £61.8m, make it larger than the average company (£32.4m)
£61.8m - Max Petroleum Plc
£32.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (3.9%)
21% - Max Petroleum Plc
3.9% - Industry AVG
Production
with a gross margin of 21.5%, this company has a higher cost of product (31.4%)
21.5% - Max Petroleum Plc
31.4% - Industry AVG
Profitability
an operating margin of -65.5% make it less profitable than the average company (14.8%)
-65.5% - Max Petroleum Plc
14.8% - Industry AVG
Employees
with 149 employees, this is above the industry average (46)
149 - Max Petroleum Plc
46 - Industry AVG
Pay Structure
on an average salary of £72.2k, the company has a lower pay structure (£93.1k)
£72.2k - Max Petroleum Plc
£93.1k - Industry AVG
Efficiency
resulting in sales per employee of £414.9k, this is less efficient (£617.4k)
£414.9k - Max Petroleum Plc
£617.4k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (38 days)
3 days - Max Petroleum Plc
38 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is slower than average (30 days)
41 days - Max Petroleum Plc
30 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is in line with average (22 days)
25 days - Max Petroleum Plc
22 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)
0 weeks - Max Petroleum Plc
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.2%, this is a lower level of debt than the average (59.9%)
53.2% - Max Petroleum Plc
59.9% - Industry AVG
MAX PETROLEUM PLC financials
Max Petroleum Plc's latest turnover from March 2014 is £61.8 million and the company has net assets of £78.4 million. According to their latest financial statements, Max Petroleum Plc has 149 employees and maintains cash reserves of £324.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|
| Turnover | 61,825,905 | 57,438,439 | 32,279,473 | 34,979,130 | 27,824,636 |
| Other Income Or Grants | |||||
| Cost Of Sales | 48,557,006 | 43,183,329 | 21,535,496 | 24,299,266 | 20,274,087 |
| Gross Profit | 13,268,899 | 14,255,110 | 10,743,977 | 10,679,863 | 7,550,549 |
| Admin Expenses | 53,773,085 | 14,974,760 | 14,236,428 | 13,937,515 | 88,589,768 |
| Operating Profit | -40,504,186 | -719,650 | -3,492,451 | -3,257,652 | -81,039,219 |
| Interest Payable | 3,640,729 | 4,341,911 | 1,716,672 | 8,215,912 | 9,925,541 |
| Interest Receivable | 1,921,940 | 12,849 | 7,589 | 5,777 | |
| Pre-Tax Profit | -44,144,915 | -3,139,621 | -5,196,274 | -11,465,975 | -156,337,377 |
| Tax | -3,129,155 | -3,093,450 | -40,475 | -70,832 | -6,345,080 |
| Profit After Tax | -47,274,070 | -6,233,071 | -5,236,749 | -11,536,807 | -162,682,457 |
| Dividends Paid | |||||
| Retained Profit | -47,274,070 | -6,233,071 | -5,236,749 | -11,536,807 | -162,682,457 |
| Employee Costs | 10,758,434 | 9,699,581 | 11,581,111 | 9,871,616 | 9,051,287 |
| Number Of Employees | 149 | 153 | 161 | 155 | 149 |
| EBITDA* | 5,646,392 | 5,116,350 | 2,122,711 | 5,753,225 | -76,230,182 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|
| Tangible Assets | 85,774,440 | 66,609,825 | 56,715,708 | 24,181,002 | 24,534,951 |
| Intangible Assets | 73,021,423 | 112,024,748 | 112,841,632 | 93,470,782 | 85,685,217 |
| Investments & Other | 2,515,389 | 3,893,129 | 1,304,208 | ||
| Debtors (Due After 1 year) | 4,016,867 | 3,614,257 | 3,525,859 | ||
| Total Fixed Assets | 158,795,863 | 178,634,572 | 169,557,340 | 117,651,783 | 110,220,168 |
| Stock & work in progress | 3,388,943 | 2,533,243 | 8,132,990 | 8,391,095 | 8,338,147 |
| Trade Debtors | 620,537 | 39,399 | 923,349 | 401,181 | |
| Group Debtors | |||||
| Misc Debtors | 4,224,328 | 4,352,991 | 2,751,686 | 3,582,089 | 3,324,988 |
| Cash | 324,427 | 1,103,792 | 1,028,589 | 16,148,494 | 2,443,032 |
| misc current assets | |||||
| total current assets | 8,558,237 | 8,029,426 | 11,913,267 | 29,045,029 | 14,507,350 |
| total assets | 167,354,100 | 186,663,998 | 181,470,607 | 146,696,812 | 124,727,518 |
| Bank overdraft | 1 | 37,601,258 | |||
| Bank loan | 53,736,764 | 39,175,080 | 32,232,573 | 3,811,029 | |
| Trade Creditors | 5,465,403 | 2,266,683 | 9,633,151 | 2,630,913 | 1,509,083 |
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | 20,432,773 | 16,438,683 | 11,515,579 | 15,090,437 | 14,093,971 |
| total current liabilities | 79,634,942 | 57,880,448 | 53,381,304 | 21,532,380 | 53,204,313 |
| loans | 33,819,256 | 103,915,194 | 98,645,332 | 90,666,922 | |
| hp & lease commitments | |||||
| Accruals and Deferred Income | |||||
| other liabilities | |||||
| provisions | 18,633,340 | 10,952,966 | 3,633,792 | 1,928,914 | 1,991,140 |
| total long term liabilities | 9,316,670 | 22,386,111 | 53,774,494 | 50,287,123 | 46,329,032 |
| total liabilities | 88,951,612 | 80,266,559 | 107,155,798 | 71,819,503 | 99,533,345 |
| net assets | 78,402,488 | 106,397,439 | 74,314,809 | 74,877,309 | 25,194,172 |
| total shareholders funds | 78,402,487 | 106,397,439 | 74,314,809 | 74,877,308 | 25,194,172 |
| Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -40,504,186 | -719,650 | -3,492,451 | -3,257,652 | -81,039,219 |
| Depreciation | 1,595,666 | 1,449,150 | 1,200,771 | 5,068,303 | 1,012,260 |
| Amortisation | 44,554,912 | 4,386,850 | 4,414,391 | 3,942,575 | 3,796,777 |
| Tax | -3,129,155 | -3,093,450 | -40,475 | -70,832 | -6,345,080 |
| Stock | 855,700 | -5,599,747 | -258,105 | 52,948 | 8,338,147 |
| Debtors | 855,084 | 1,729,103 | 1,772,107 | 779,269 | 3,726,169 |
| Creditors | 3,198,720 | -7,366,468 | 7,002,238 | 1,121,831 | 1,509,083 |
| Accruals and Deferred Income | 3,994,090 | 4,923,104 | -3,574,858 | 996,466 | 14,093,971 |
| Deferred Taxes & Provisions | 7,680,374 | 7,319,174 | 1,704,878 | -62,226 | 1,991,140 |
| Cash flow from operations | 15,679,637 | 10,769,354 | 5,700,492 | 6,906,248 | -77,045,384 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | -1,377,740 | 2,588,921 | 1,304,208 | ||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 14,561,684 | 6,942,507 | 28,421,544 | 3,811,029 | |
| Group/Directors Accounts | |||||
| Other Short Term Loans | |||||
| Long term loans | -33,819,256 | -70,095,938 | 5,269,862 | 7,978,410 | 90,666,922 |
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | -3,640,729 | -2,419,971 | -1,703,823 | -8,208,323 | -9,919,764 |
| cash flow from financing | -3,619,183 | -27,257,701 | 36,661,832 | 64,801,060 | 268,623,787 |
| cash and cash equivalents | |||||
| cash | -779,365 | 75,203 | -15,119,905 | 13,705,462 | 2,443,032 |
| overdraft | -1 | -37,601,257 | 37,601,258 | ||
| change in cash | -779,365 | 75,203 | -15,119,904 | 51,306,719 | -35,158,226 |
max petroleum plc Credit Report and Business Information
Max Petroleum Plc Competitor Analysis
Perform a competitor analysis for max petroleum plc by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other large companies, companies in EC2V area or any other competitors across 12 key performance metrics.
max petroleum plc Ownership
MAX PETROLEUM PLC group structure
Max Petroleum Plc has no subsidiary companies.
Ultimate parent company
MAX PETROLEUM PLC
05419021
max petroleum plc directors
Max Petroleum Plc currently has 2 directors. The longest serving directors include Mr James Jeffs (Jul 2005) and Mr Robert Holland Iii (Feb 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Jeffs | 72 years | Jul 2005 | - | Director | |
| Mr Robert Holland Iii | 72 years | Feb 2016 | - | Director |
P&L
March 2014turnover
61.8m
+8%
operating profit
-40.5m
+5528%
gross margin
21.5%
-13.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2014net assets
78.4m
-0.26%
total assets
167.4m
-0.1%
cash
324.4k
-0.71%
net assets
Total assets minus all liabilities
max petroleum plc company details
company number
05419021
Type
Public limited with Share Capital
industry
06100 - Extraction of crude petroleum
incorporation date
April 2005
age
20
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2014
previous names
max petroleum limited (September 2005)
accountant
-
auditor
-
address
c/o evelyn partners llp, 45 gresham street, london, EC2V 7BG
Bank
-
Legal Advisor
-
max petroleum plc 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 7 charges/mortgages relating to max petroleum plc. Currently there are 1 open charges and 6 have been satisfied in the past.
max petroleum plc 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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max petroleum plc Companies House Filings - See Documents
| date | description | view/download |
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