new era oil (holdings) limited
new era oil (holdings) limited Company Information
Company Number
07377955
Website
http://www.newerafuels.co.ukRegistered Address
lynton house, 7-12 tavistock square, london, WC1H 9BQ
Industry
Other business support service activities n.e.c.
Telephone
01279425757
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
nomad bidco limited 100%
new era oil (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of NEW ERA OIL (HOLDINGS) LIMITED at £182.3m based on a Turnover of £227.5m and 0.8x industry multiple (adjusted for size and gross margin).
new era oil (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of NEW ERA OIL (HOLDINGS) LIMITED at £52.4m based on an EBITDA of £8.2m and a 6.42x industry multiple (adjusted for size and gross margin).
new era oil (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of NEW ERA OIL (HOLDINGS) LIMITED at £26.6m based on Net Assets of £10.3m and 2.57x industry multiple (adjusted for liquidity).
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New Era Oil (holdings) Limited Overview
New Era Oil (holdings) Limited is a live company located in london, WC1H 9BQ with a Companies House number of 07377955. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2010, it's largest shareholder is nomad bidco limited with a 100% stake. New Era Oil (holdings) Limited is a established, mega sized company, Pomanda has estimated its turnover at £227.5m with rapid growth in recent years.
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New Era Oil (holdings) Limited Health Check
Pomanda's financial health check has awarded New Era Oil (Holdings) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £227.5m, make it larger than the average company (£3.7m)
£227.5m - New Era Oil (holdings) Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 69%, show it is growing at a faster rate (5.2%)
69% - New Era Oil (holdings) Limited
5.2% - Industry AVG
Production
with a gross margin of 9.5%, this company has a higher cost of product (38%)
9.5% - New Era Oil (holdings) Limited
38% - Industry AVG
Profitability
an operating margin of 3.1% make it less profitable than the average company (6%)
3.1% - New Era Oil (holdings) Limited
6% - Industry AVG
Employees
with 159 employees, this is above the industry average (23)
159 - New Era Oil (holdings) Limited
23 - Industry AVG
Pay Structure
on an average salary of £47.1k, the company has an equivalent pay structure (£48.8k)
£47.1k - New Era Oil (holdings) Limited
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£154.1k)
£1.4m - New Era Oil (holdings) Limited
£154.1k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (40 days)
45 days - New Era Oil (holdings) Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (32 days)
55 days - New Era Oil (holdings) Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (32 days)
5 days - New Era Oil (holdings) Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (25 weeks)
8 weeks - New Era Oil (holdings) Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.6%, this is a higher level of debt than the average (61%)
78.6% - New Era Oil (holdings) Limited
61% - Industry AVG
NEW ERA OIL (HOLDINGS) LIMITED financials
New Era Oil (Holdings) Limited's latest turnover from October 2023 is £227.5 million and the company has net assets of £10.3 million. According to their latest financial statements, New Era Oil (Holdings) Limited has 159 employees and maintains cash reserves of £5.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 227,545,832 | 186,838,543 | 76,292,693 | 47,232,737 | 49,155,753 | 42,855,702 | 25,413,207 | 19,668,182 | 19,034,264 | 0 | 0 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 205,928,785 | 169,442,107 | 65,171,348 | 37,843,872 | 42,137,558 | 36,475,662 | 20,469,557 | 15,968,021 | 15,504,596 | 0 | |||
| Gross Profit | 21,617,047 | 17,396,436 | 11,121,345 | 9,388,865 | 7,018,195 | 6,380,040 | 4,943,650 | 3,700,161 | 3,529,668 | 0 | |||
| Admin Expenses | 14,647,366 | 11,846,189 | 8,653,609 | 7,169,487 | 6,108,935 | 5,317,299 | 3,859,661 | 3,138,748 | 2,612,457 | 0 | |||
| Operating Profit | 6,969,681 | 5,550,247 | 2,467,736 | 2,219,378 | 909,260 | 1,062,741 | 1,083,989 | 561,413 | 917,211 | 0 | -52 | ||
| Interest Payable | 383,383 | 370,214 | 133,866 | 101,069 | 55,604 | 56,319 | 31,259 | 26,744 | 19,895 | 0 | 0 | ||
| Interest Receivable | 713 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Pre-Tax Profit | 6,587,011 | 5,180,033 | 2,333,870 | 2,118,309 | 853,656 | 1,006,422 | 1,052,730 | 534,669 | 897,316 | 120,000 | -52 | ||
| Tax | -1,505,578 | -994,150 | -608,656 | -406,815 | -164,546 | -182,162 | -151,773 | -115,725 | -205,578 | 0 | 0 | ||
| Profit After Tax | 5,081,433 | 4,185,883 | 1,725,214 | 1,711,494 | 689,110 | 824,260 | 900,957 | 418,944 | 691,738 | 120,000 | -52 | ||
| Dividends Paid | 1,678,000 | 748,000 | 1,218,000 | 653,000 | 572,000 | 488,000 | 378,000 | 312,000 | 275,603 | 120,000 | 0 | ||
| Retained Profit | 3,403,433 | 3,437,883 | 507,214 | 1,058,494 | 117,110 | 336,260 | 522,957 | 21,984 | 262,748 | 0 | -52 | ||
| Employee Costs | 7,494,511 | 6,236,931 | 4,682,266 | 3,833,074 | 3,099,068 | 2,683,318 | 1,907,074 | 1,547,904 | 1,164,172 | ||||
| Number Of Employees | 159 | 136 | 119 | 107 | 104 | 86 | 64 | 57 | 45 | ||||
| EBITDA* | 8,164,895 | 6,420,590 | 3,154,802 | 2,680,290 | 1,364,232 | 1,605,402 | 1,412,328 | 770,151 | 1,090,314 | 0 | -52 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,670,888 | 7,427,794 | 5,753,323 | 4,039,609 | 3,801,193 | 3,334,223 | 2,532,753 | 1,524,376 | 828,100 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 107,021 | 35,981 | 300 | 300 | 300 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,670,888 | 7,427,794 | 5,753,323 | 4,039,609 | 3,801,193 | 3,334,223 | 2,532,753 | 1,631,397 | 864,081 | 300 | 300 | 300 | 0 |
| Stock & work in progress | 2,856,907 | 3,993,178 | 1,852,507 | 1,005,841 | 990,853 | 869,852 | 885,041 | 483,316 | 284,511 | 0 | 0 | 0 | 0 |
| Trade Debtors | 28,596,506 | 30,467,333 | 10,941,910 | 5,527,458 | 4,850,438 | 5,383,795 | 2,874,895 | 2,069,208 | 1,896,971 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,662,131 | 1,919,301 | 2,308,594 | 662,396 | 578,615 | 736,194 | 535,737 | 540,607 | 341,549 | 0 | 0 | 0 | 0 |
| Cash | 5,544,257 | 3,037,124 | 221,860 | 984,563 | 865,458 | 402,444 | 310,436 | 423,183 | 225,472 | 100 | 100 | 100 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 39,659,801 | 39,416,936 | 15,324,871 | 8,180,258 | 7,285,364 | 7,392,285 | 4,606,109 | 3,516,314 | 2,748,503 | 100 | 100 | 100 | 0 |
| total assets | 48,330,689 | 46,844,730 | 21,078,194 | 12,219,867 | 11,086,557 | 10,726,508 | 7,138,862 | 5,147,711 | 3,612,584 | 400 | 400 | 400 | 0 |
| Bank overdraft | 0 | 5,554,114 | 3,086,172 | 2,041,543 | 1,828,221 | 0 | 0 | 1,599 | 244,102 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 1,693,785 | 1,412,157 | 460,702 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 31,075,144 | 28,010,034 | 10,245,118 | 4,013,388 | 4,732,279 | 4,629,865 | 1,852,773 | 1,601,077 | 1,277,694 | 52 | 52 | 52 | 0 |
| Group/Directors Accounts | 3,255 | 3,255 | 3,255 | 3,255 | 3,255 | 23,255 | 3,255 | 3,255 | 3,255 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 765,881 | 760,220 | 788,279 | 675,725 | 641,992 | 601,242 | 426,880 | 250,697 | 133,838 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,822,510 | 2,612,440 | 939,152 | 974,867 | 200,368 | 276,629 | 374,854 | 429,067 | 307,645 | 0 | 0 | 0 | 0 |
| total current liabilities | 34,666,790 | 36,940,063 | 15,061,976 | 7,708,778 | 7,406,115 | 7,224,776 | 4,069,919 | 2,746,397 | 1,966,534 | 52 | 52 | 52 | 0 |
| loans | 0 | 0 | 0 | 0 | 74,979 | 224,682 | 375,754 | 501,305 | 86,492 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,435,702 | 1,400,831 | 1,443,511 | 1,030,185 | 1,291,919 | 1,235,602 | 1,010,380 | 648,910 | 367,053 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 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 |
| provisions | 1,894,136 | 1,573,208 | 1,079,962 | 495,373 | 386,507 | 231,521 | 209,142 | 193,469 | 156,859 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,329,838 | 2,974,039 | 2,523,473 | 1,525,558 | 1,753,405 | 1,691,805 | 1,595,276 | 1,343,684 | 610,404 | 0 | 0 | 0 | 0 |
| total liabilities | 37,996,628 | 39,914,102 | 17,585,449 | 9,234,336 | 9,159,520 | 8,916,581 | 5,665,195 | 4,090,081 | 2,576,938 | 52 | 52 | 52 | 0 |
| net assets | 10,334,061 | 6,930,628 | 3,492,745 | 2,985,531 | 1,927,037 | 1,809,927 | 1,473,667 | 1,057,630 | 1,035,646 | 348 | 348 | 348 | 0 |
| total shareholders funds | 10,334,061 | 6,930,628 | 3,492,745 | 2,985,531 | 1,927,037 | 1,809,927 | 1,473,667 | 1,057,630 | 1,035,646 | 348 | 348 | 348 | 0 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 6,969,681 | 5,550,247 | 2,467,736 | 2,219,378 | 909,260 | 1,062,741 | 1,083,989 | 561,413 | 917,211 | 0 | -52 | ||
| Depreciation | 1,195,214 | 870,343 | 687,066 | 460,912 | 454,972 | 542,661 | 328,339 | 208,738 | 173,103 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -1,505,578 | -994,150 | -608,656 | -406,815 | -164,546 | -182,162 | -151,773 | -115,725 | -205,578 | 0 | 0 | ||
| Stock | -1,136,271 | 2,140,671 | 846,666 | 14,988 | 121,001 | -15,189 | 401,725 | 198,805 | 284,511 | 0 | 0 | 0 | 0 |
| Debtors | -1,127,997 | 19,136,130 | 7,060,650 | 760,801 | -690,936 | 2,709,357 | 800,817 | 371,295 | 2,238,520 | 0 | 0 | 0 | 0 |
| Creditors | 3,065,110 | 17,764,916 | 6,231,730 | -718,891 | 102,414 | 2,777,092 | 251,696 | 323,383 | 1,277,642 | 0 | 0 | 52 | 0 |
| Accruals and Deferred Income | 210,070 | 1,673,288 | -35,715 | 774,499 | -76,261 | -98,225 | -54,213 | 121,422 | 307,645 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 320,928 | 493,246 | 584,589 | 108,866 | 154,986 | 22,379 | 15,673 | 36,610 | 156,859 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 12,519,693 | 4,081,089 | 1,419,434 | 1,662,160 | 1,950,760 | 1,430,318 | 271,169 | 565,741 | 103,851 | 0 | 0 | ||
| Investing Activities | |||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -187,391 | -1,336,716 | -905,014 | -378,154 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -107,021 | 71,040 | 35,681 | 0 | 0 | 300 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -187,391 | -1,229,695 | -976,054 | -413,835 | ||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | -1,693,785 | 281,628 | 951,455 | 460,702 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -20,000 | 20,000 | 0 | 0 | 3,255 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -74,979 | -149,703 | -151,072 | -125,551 | 414,813 | 86,492 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 40,532 | -70,739 | 525,880 | -228,001 | 97,067 | 399,584 | 537,653 | 398,716 | 500,891 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -382,670 | -370,214 | -133,866 | -101,069 | -55,604 | -56,319 | -31,259 | -26,744 | -19,895 | 0 | 0 | ||
| cash flow from financing | -342,138 | -440,953 | 392,014 | -404,049 | -1,822,025 | 493,821 | 1,225,378 | 1,247,487 | 1,343,293 | 0 | 400 | ||
| cash and cash equivalents | |||||||||||||
| cash | 2,507,133 | 2,815,264 | -762,703 | 119,105 | 463,014 | 92,008 | -112,747 | 197,711 | 225,372 | 0 | 0 | 100 | 0 |
| overdraft | -5,554,114 | 2,467,942 | 1,044,629 | 213,322 | 1,828,221 | 0 | -1,599 | -242,503 | 244,102 | 0 | 0 | 0 | 0 |
| change in cash | 8,061,247 | 347,322 | -1,807,332 | -94,217 | -1,365,207 | 92,008 | -111,148 | 440,214 | -18,730 | 0 | 0 | 100 | 0 |
new era oil (holdings) limited Credit Report and Business Information
New Era Oil (holdings) Limited Competitor Analysis
Perform a competitor analysis for new era oil (holdings) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
new era oil (holdings) limited Ownership
NEW ERA OIL (HOLDINGS) LIMITED group structure
New Era Oil (Holdings) Limited has 5 subsidiary companies.
Ultimate parent company
HANOVER ACTIVE EQUITY FUND III SCA
#0150428
2 parents
NEW ERA OIL (HOLDINGS) LIMITED
07377955
5 subsidiaries
new era oil (holdings) limited directors
New Era Oil (Holdings) Limited currently has 2 directors. The longest serving directors include Mr James Hunt (Feb 2019) and Mr Benjamin Leworthy (Feb 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Hunt | United Kingdom | 49 years | Feb 2019 | - | Director |
| Mr Benjamin Leworthy | 40 years | Feb 2024 | - | Director |
P&L
October 2023turnover
227.5m
+22%
operating profit
7m
+26%
gross margin
9.6%
+2.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
10.3m
+0.49%
total assets
48.3m
+0.03%
cash
5.5m
+0.83%
net assets
Total assets minus all liabilities
Similar Companies
new era oil (holdings) limited company details
company number
07377955
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
September 2010
age
14
accounts
Group
ultimate parent company
previous names
new era oil (fuels) limited (October 2012)
incorporated
UK
address
lynton house, 7-12 tavistock square, london, WC1H 9BQ
last accounts submitted
October 2023
new era oil (holdings) 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 new era oil (holdings) limited. Currently there are 3 open charges and 1 have been satisfied in the past.
new era oil (holdings) limited Companies House Filings - See Documents
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