ineos manufacturing (hull) limited
ineos manufacturing (hull) limited Company Information
Company Number
06480046
Website
www.ineos.comRegistered Address
hawkslease chapel lane, lyndhurst, hampshire, SO43 7FG
Industry
Manufacture of other organic basic chemicals
Telephone
02380287200
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ineos oxide limited 100%
ineos manufacturing (hull) limited Estimated Valuation
Pomanda estimates the enterprise value of INEOS MANUFACTURING (HULL) LIMITED at £93.1m based on a Turnover of £64.4m and 1.44x industry multiple (adjusted for size and gross margin).
ineos manufacturing (hull) limited Estimated Valuation
Pomanda estimates the enterprise value of INEOS MANUFACTURING (HULL) LIMITED at £294.5m based on an EBITDA of £30m and a 9.82x industry multiple (adjusted for size and gross margin).
ineos manufacturing (hull) limited Estimated Valuation
Pomanda estimates the enterprise value of INEOS MANUFACTURING (HULL) LIMITED at £0 based on Net Assets of £-22.9m and 1.81x industry multiple (adjusted for liquidity).
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Ineos Manufacturing (hull) Limited Overview
Ineos Manufacturing (hull) Limited is a live company located in hampshire, SO43 7FG with a Companies House number of 06480046. It operates in the manufacture of other organic basic chemicals sector, SIC Code 20140. Founded in January 2008, it's largest shareholder is ineos oxide limited with a 100% stake. Ineos Manufacturing (hull) Limited is a established, large sized company, Pomanda has estimated its turnover at £64.4m with rapid growth in recent years.
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Ineos Manufacturing (hull) Limited Health Check
Pomanda's financial health check has awarded Ineos Manufacturing (Hull) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £64.4m, make it larger than the average company (£47.7m)
£64.4m - Ineos Manufacturing (hull) Limited
£47.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (4.8%)
41% - Ineos Manufacturing (hull) Limited
4.8% - Industry AVG
Production
with a gross margin of 18%, this company has a comparable cost of product (16.8%)
18% - Ineos Manufacturing (hull) Limited
16.8% - Industry AVG
Profitability
an operating margin of 17% make it more profitable than the average company (5.3%)
17% - Ineos Manufacturing (hull) Limited
5.3% - Industry AVG
Employees
with 38 employees, this is below the industry average (66)
38 - Ineos Manufacturing (hull) Limited
66 - Industry AVG
Pay Structure
on an average salary of £71.3k, the company has a higher pay structure (£55.1k)
£71.3k - Ineos Manufacturing (hull) Limited
£55.1k - Industry AVG
Efficiency
resulting in sales per employee of £1.7m, this is more efficient (£566.3k)
£1.7m - Ineos Manufacturing (hull) Limited
£566.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ineos Manufacturing (hull) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Ineos Manufacturing (hull) Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 53 days, this is in line with average (53 days)
53 days - Ineos Manufacturing (hull) Limited
53 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (5 weeks)
1 weeks - Ineos Manufacturing (hull) Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 127.3%, this is a higher level of debt than the average (49.5%)
127.3% - Ineos Manufacturing (hull) Limited
49.5% - Industry AVG
INEOS MANUFACTURING (HULL) LIMITED financials
Ineos Manufacturing (Hull) Limited's latest turnover from December 2022 is £64.4 million and the company has net assets of -£22.9 million. According to their latest financial statements, Ineos Manufacturing (Hull) Limited has 38 employees and maintains cash reserves of £2.6 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 | 64,433,000 | 41,827,000 | 28,155,000 | 23,105,000 | 26,732,000 | 20,026,000 | 29,144,000 | 19,562,000 | 20,319,000 | 39,313,000 | 42,887,000 | 45,401,000 | 37,772,000 | 34,700,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 52,817,000 | 35,638,000 | 23,770,000 | 21,026,000 | 22,825,000 | 18,198,000 | 18,141,000 | 16,919,000 | 15,052,000 | 37,689,000 | 40,260,000 | 42,385,000 | 35,477,000 | 34,300,000 |
| Gross Profit | 11,616,000 | 6,189,000 | 4,385,000 | 2,079,000 | 3,907,000 | 1,828,000 | 11,003,000 | 2,643,000 | 5,267,000 | 1,624,000 | 2,627,000 | 3,016,000 | 2,295,000 | 400,000 |
| Admin Expenses | 684,000 | 859,000 | 843,000 | 723,000 | 716,000 | 822,000 | 34,000 | 70,000 | 73,000 | -52,000 | -75,000 | -77,000 | -17,000 | 0 |
| Operating Profit | 10,932,000 | 5,330,000 | 3,542,000 | 1,356,000 | 3,191,000 | 1,006,000 | 10,969,000 | 2,573,000 | 5,194,000 | 1,676,000 | 2,702,000 | 3,093,000 | 2,312,000 | 400,000 |
| Interest Payable | 9,149,000 | 4,577,000 | 4,279,000 | 1,006,000 | 885,000 | 994,000 | 1,118,000 | 3,051,000 | 1,326,000 | 1,654,000 | 1,976,000 | 2,274,000 | 1,361,000 | 700,000 |
| Interest Receivable | 107,000 | 0 | 881,000 | 214,000 | 0 | 0 | 1,000 | 2,000 | 376,000 | 427,000 | 0 | 28,000 | 0 | 0 |
| Pre-Tax Profit | 1,890,000 | 753,000 | 144,000 | 564,000 | 1,805,000 | 53,000 | 3,020,000 | 3,641,000 | 1,679,000 | -41,837,000 | 1,328,000 | 759,000 | 694,000 | -100,000 |
| Tax | 122,000 | -320,000 | 185,000 | -215,000 | -705,000 | 565,000 | -751,000 | -1,053,000 | 55,000 | 8,008,000 | -506,000 | -274,000 | -573,000 | 0 |
| Profit After Tax | 2,012,000 | 433,000 | 329,000 | 349,000 | 1,100,000 | 618,000 | 2,269,000 | 2,588,000 | 1,734,000 | -33,829,000 | 822,000 | 485,000 | 121,000 | -100,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,012,000 | 433,000 | 329,000 | 349,000 | 1,100,000 | 618,000 | 2,269,000 | 2,588,000 | 1,734,000 | -33,829,000 | 822,000 | 485,000 | 121,000 | -100,000 |
| Employee Costs | 2,711,000 | 3,068,000 | 2,428,000 | 2,688,000 | 2,690,000 | 2,366,000 | 1,928,000 | 2,049,000 | 1,732,000 | 2,651,000 | 2,893,000 | 2,376,000 | 2,450,000 | 2,400,000 |
| Number Of Employees | 38 | 46 | 38 | 41 | 34 | 33 | 25 | 25 | 31 | 43 | 44 | 42 | 43 | 43 |
| EBITDA* | 29,984,000 | 13,188,000 | 9,564,000 | 5,179,000 | 4,884,000 | 3,125,000 | 12,965,000 | 4,180,000 | 6,919,000 | 4,674,000 | 5,126,000 | 5,985,000 | 4,163,000 | 2,000,000 |
* 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 | 42,976,000 | 54,415,000 | 57,624,000 | 49,796,000 | 28,576,000 | 13,086,000 | 11,170,000 | 12,035,000 | 10,534,000 | 11,759,000 | 20,554,000 | 22,641,000 | 24,452,000 | 19,000,000 |
| Intangible Assets | 4,000 | 19,000 | 35,000 | 51,000 | 66,000 | 82,000 | 97,000 | 113,000 | 129,000 | 143,000 | -941,000 | -1,016,000 | -1,091,000 | -1,200,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 2,041,000 | 0 | 0 | 0 | 676,000 | 1,580,000 | 0 | 0 | 8,663,000 | 9,090,000 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 45,021,000 | 54,434,000 | 57,659,000 | 49,847,000 | 29,318,000 | 14,748,000 | 11,267,000 | 12,148,000 | 19,326,000 | 20,992,000 | 19,613,000 | 21,625,000 | 23,361,000 | 17,800,000 |
| Stock & work in progress | 7,762,000 | 5,312,000 | 6,808,000 | 3,853,000 | 4,704,000 | 4,063,000 | 1,505,000 | 2,321,000 | 2,107,000 | 224,000 | 1,164,000 | 1,347,000 | 3,695,000 | 3,200,000 |
| Trade Debtors | 0 | 2,000 | 0 | 772,000 | 656,000 | 9,544,000 | 10,356,000 | 11,868,000 | 6,144,000 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 19,378,000 | 4,678,000 | 6,919,000 | 6,037,000 | 6,270,000 | 0 | 0 | 0 | 0 | 2,805,000 | 4,278,000 | 6,267,000 | 5,368,000 | 3,500,000 |
| Misc Debtors | 8,816,000 | 7,286,000 | 7,245,000 | 3,709,000 | 5,412,000 | 0 | 0 | 0 | 3,577,000 | 4,253,000 | 6,223,000 | 5,091,000 | 4,255,000 | 3,300,000 |
| Cash | 2,618,000 | 293,000 | 606,000 | 1,538,000 | 362,000 | 793,000 | 684,000 | 1,198,000 | 917,000 | 3,251,000 | 2,385,000 | 2,576,000 | 941,000 | 600,000 |
| misc current assets | 0 | 106,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 38,574,000 | 17,677,000 | 21,578,000 | 15,909,000 | 17,404,000 | 14,400,000 | 12,545,000 | 15,387,000 | 12,745,000 | 10,533,000 | 14,050,000 | 15,281,000 | 14,259,000 | 10,600,000 |
| total assets | 83,595,000 | 72,111,000 | 79,237,000 | 65,756,000 | 46,722,000 | 29,148,000 | 23,812,000 | 27,535,000 | 32,071,000 | 31,525,000 | 33,663,000 | 36,906,000 | 37,620,000 | 28,400,000 |
| 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 | 235,000 | 1,482,000 | 556,000 | 4,639,000 | 354,000 | 54,622,000 | 1,761,000 | 63,000 | 91,000 | 3,768,000 | 2,776,000 | 1,200,000 |
| Group/Directors Accounts | 99,870,000 | 90,779,000 | 98,033,000 | 84,034,000 | 68,566,000 | 47,688,000 | 47,223,000 | 0 | 51,158,000 | 22,265,000 | 23,818,000 | 27,288,000 | 30,316,000 | 22,500,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 26,000 | 149,000 | 143,000 | 141,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,795,000 | 3,140,000 | 1,694,000 | 2,111,000 | 2,104,000 | 2,119,000 | 1,378,000 | 0 | 1,479,000 | 1,995,000 | 8,389,000 | 4,977,000 | 4,237,000 | 4,600,000 |
| total current liabilities | 103,691,000 | 94,068,000 | 100,105,000 | 87,768,000 | 71,226,000 | 54,446,000 | 48,955,000 | 54,622,000 | 54,398,000 | 24,323,000 | 32,298,000 | 36,033,000 | 37,329,000 | 28,300,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,544,000 | 2,344,000 | 2,382,000 | 1,966,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 125,000 | 1,336,000 | 595,000 | 0 | 0 | 0 | 621,000 | 7,818,000 | 39,619,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,757,000 | 2,469,000 | 3,950,000 | 3,281,000 | 1,500,000 | 1,852,000 | 5,524,000 | 3,650,000 | 11,093,000 | 42,143,000 | 2,359,000 | 1,177,000 | 946,000 | 900,000 |
| total liabilities | 106,448,000 | 96,537,000 | 104,055,000 | 91,049,000 | 72,726,000 | 56,298,000 | 54,479,000 | 58,272,000 | 65,491,000 | 66,466,000 | 34,657,000 | 37,210,000 | 38,275,000 | 29,200,000 |
| net assets | -22,853,000 | -24,426,000 | -24,818,000 | -25,293,000 | -26,004,000 | -27,150,000 | -30,667,000 | -30,737,000 | -33,420,000 | -34,941,000 | -994,000 | -304,000 | -655,000 | -800,000 |
| total shareholders funds | -22,853,000 | -24,426,000 | -24,818,000 | -25,293,000 | -26,004,000 | -27,150,000 | -30,667,000 | -30,737,000 | -33,420,000 | -34,941,000 | -994,000 | -304,000 | -655,000 | -800,000 |
| 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 | 10,932,000 | 5,330,000 | 3,542,000 | 1,356,000 | 3,191,000 | 1,006,000 | 10,969,000 | 2,573,000 | 5,194,000 | 1,676,000 | 2,702,000 | 3,093,000 | 2,312,000 | 400,000 |
| Depreciation | 19,037,000 | 7,842,000 | 6,006,000 | 3,808,000 | 1,693,000 | 2,119,000 | 1,996,000 | 1,591,000 | 1,711,000 | 2,946,000 | 2,349,000 | 2,817,000 | 1,926,000 | 1,600,000 |
| Amortisation | 15,000 | 16,000 | 16,000 | 15,000 | 0 | 0 | 0 | 16,000 | 14,000 | 52,000 | 75,000 | 75,000 | -75,000 | 0 |
| Tax | 122,000 | -320,000 | 185,000 | -215,000 | -705,000 | 565,000 | -751,000 | -1,053,000 | 55,000 | 8,008,000 | -506,000 | -274,000 | -573,000 | 0 |
| Stock | 2,450,000 | -1,496,000 | 2,955,000 | -851,000 | 641,000 | 2,558,000 | -816,000 | 214,000 | 1,883,000 | -940,000 | -183,000 | -2,348,000 | 495,000 | 3,200,000 |
| Debtors | 18,269,000 | -2,198,000 | 3,646,000 | -2,496,000 | 1,890,000 | 768,000 | -1,512,000 | -6,516,000 | 2,236,000 | 5,647,000 | -857,000 | 1,735,000 | 2,823,000 | 6,800,000 |
| Creditors | 0 | -235,000 | -1,247,000 | 926,000 | -4,083,000 | 4,285,000 | -54,268,000 | 52,861,000 | 1,698,000 | -28,000 | -3,677,000 | 992,000 | 1,576,000 | 1,200,000 |
| Accruals and Deferred Income | 655,000 | 1,446,000 | -417,000 | 7,000 | -15,000 | 741,000 | 1,378,000 | -1,479,000 | -516,000 | -6,394,000 | 3,412,000 | 740,000 | -363,000 | 4,600,000 |
| Deferred Taxes & Provisions | -125,000 | -1,211,000 | 741,000 | 595,000 | 0 | 0 | -621,000 | -7,197,000 | -31,801,000 | 39,619,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 9,917,000 | 16,562,000 | 2,225,000 | 9,839,000 | -2,450,000 | 5,390,000 | -38,969,000 | 53,614,000 | -27,764,000 | 41,172,000 | 5,395,000 | 8,056,000 | 1,485,000 | -2,200,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 9,091,000 | -7,254,000 | 13,999,000 | 15,468,000 | 20,878,000 | 465,000 | 47,223,000 | -51,158,000 | 28,893,000 | -1,553,000 | -3,470,000 | -3,028,000 | 7,816,000 | 22,500,000 |
| 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 | 77,000 | -32,000 | 418,000 | 2,107,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -9,042,000 | -4,577,000 | -3,398,000 | -792,000 | -885,000 | -994,000 | -1,117,000 | -3,049,000 | -950,000 | -1,227,000 | -1,976,000 | -2,246,000 | -1,361,000 | -700,000 |
| cash flow from financing | -313,000 | -11,904,000 | 11,165,000 | 17,145,000 | 20,039,000 | 2,370,000 | 43,907,000 | -54,112,000 | 27,730,000 | -2,898,000 | -6,958,000 | -5,408,000 | 6,479,000 | 21,100,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 2,325,000 | -313,000 | -932,000 | 1,176,000 | -431,000 | 109,000 | -514,000 | 281,000 | -2,334,000 | 866,000 | -191,000 | 1,635,000 | 341,000 | 600,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,325,000 | -313,000 | -932,000 | 1,176,000 | -431,000 | 109,000 | -514,000 | 281,000 | -2,334,000 | 866,000 | -191,000 | 1,635,000 | 341,000 | 600,000 |
ineos manufacturing (hull) limited Credit Report and Business Information
Ineos Manufacturing (hull) Limited Competitor Analysis
Perform a competitor analysis for ineos manufacturing (hull) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ineos manufacturing (hull) limited Ownership
INEOS MANUFACTURING (HULL) LIMITED group structure
Ineos Manufacturing (Hull) Limited has no subsidiary companies.
Ultimate parent company
INEOS LTD
#0101593
2 parents
INEOS MANUFACTURING (HULL) LIMITED
06480046
ineos manufacturing (hull) limited directors
Ineos Manufacturing (Hull) Limited currently has 2 directors. The longest serving directors include Mr Gareth Anderson (Jul 2021) and Mr Graeme Stewart (Jul 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gareth Anderson | United Kingdom | 50 years | Jul 2021 | - | Director |
| Mr Graeme Stewart | United Kingdom | 59 years | Jul 2021 | - | Director |
P&L
December 2022turnover
64.4m
+54%
operating profit
10.9m
+105%
gross margin
18.1%
+21.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-22.9m
-0.06%
total assets
83.6m
+0.16%
cash
2.6m
+7.94%
net assets
Total assets minus all liabilities
Similar Companies
ineos manufacturing (hull) limited company details
company number
06480046
Type
Private limited with Share Capital
industry
20140 - Manufacture of other organic basic chemicals
incorporation date
January 2008
age
16
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
hawkslease chapel lane, lyndhurst, hampshire, SO43 7FG
last accounts submitted
December 2022
ineos manufacturing (hull) 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 18 charges/mortgages relating to ineos manufacturing (hull) limited. Currently there are 17 open charges and 1 have been satisfied in the past.
ineos manufacturing (hull) limited Companies House Filings - See Documents
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