denholm energy services limited
denholm energy services limited Company Information
Company Number
09186034
Website
http://sdl-nobel.comRegistered Address
8th floor the aspect, 12 finsbury square, london, EC2A 1AS
Industry
Activities of head offices
Telephone
01224337733
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
j & j denholm limited 18.3%
james niall william denholm 8.1%
View Alldenholm energy services limited Estimated Valuation
The estimated valuation range for denholm energy services limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £268.4m to £1.3b
denholm energy services limited Estimated Valuation
The estimated valuation range for denholm energy services limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £268.4m to £1.3b
denholm energy services limited Estimated Valuation
The estimated valuation range for denholm energy services limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £268.4m to £1.3b
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Denholm Energy Services Limited Overview
Denholm Energy Services Limited is a live company located in london, EC2A 1AS with a Companies House number of 09186034. It operates in the activities of head offices sector, SIC Code 70100. Founded in August 2014, it's largest shareholder is j & j denholm limited with a 18.3% stake. Denholm Energy Services Limited is a established, mega sized company, Pomanda has estimated its turnover at £242m with healthy growth in recent years.
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Denholm Energy Services Limited Health Check
Pomanda's financial health check has awarded Denholm Energy Services Limited 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 £242m, make it larger than the average company (£20.3m)
£242m - Denholm Energy Services Limited
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (3%)
8% - Denholm Energy Services Limited
3% - Industry AVG
Production
with a gross margin of 25.6%, this company has a higher cost of product (33.2%)
25.6% - Denholm Energy Services Limited
33.2% - Industry AVG
Profitability
an operating margin of 14.9% make it more profitable than the average company (6%)
14.9% - Denholm Energy Services Limited
6% - Industry AVG
Employees
with 4613 employees, this is above the industry average (120)
4613 - Denholm Energy Services Limited
120 - Industry AVG
Pay Structure
on an average salary of £15.9k, the company has a lower pay structure (£45.8k)
£15.9k - Denholm Energy Services Limited
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £52.5k, this is less efficient (£188.3k)
£52.5k - Denholm Energy Services Limited
£188.3k - Industry AVG
Debtor Days
it gets paid by customers after 129 days, this is later than average (47 days)
129 days - Denholm Energy Services Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (45 days)
60 days - Denholm Energy Services Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is less than average (51 days)
16 days - Denholm Energy Services Limited
51 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (16 weeks)
7 weeks - Denholm Energy Services Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.5%, this is a similar level of debt than the average (57.3%)
62.5% - Denholm Energy Services Limited
57.3% - Industry AVG
denholm energy services limited Credit Report and Business Information
Denholm Energy Services Limited Competitor Analysis
Perform a competitor analysis for denholm energy services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
denholm energy services limited Ownership
DENHOLM ENERGY SERVICES LIMITED group structure
Denholm Energy Services Limited has 10 subsidiary companies.
Ultimate parent company
DENHOLM ENERGY SERVICES LIMITED
09186034
10 subsidiaries
denholm energy services limited directors
Denholm Energy Services Limited currently has 8 directors. The longest serving directors include Mr John Denholm (Aug 2014) and Mr Michael Beveridge (Aug 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Denholm | 67 years | Aug 2014 | - | Director | |
| Mr Michael Beveridge | Scotland | 57 years | Aug 2014 | - | Director |
| Mr Michael Beveridge | United Kingdom | 57 years | Aug 2014 | - | Director |
| The Revd Professor Norman Drummond | 72 years | Sep 2014 | - | Director | |
| Ms Fiona MacLeod | United Kingdom | 56 years | Feb 2015 | - | Director |
| Mr Martin Clark | United Kingdom | 50 years | May 2017 | - | Director |
| Mr Fraser Gray | United Kingdom | 59 years | Mar 2018 | - | Director |
| Mr Leslie Thomas | United Kingdom | 67 years | Feb 2023 | - | Director |
DENHOLM ENERGY SERVICES LIMITED financials
Denholm Energy Services Limited's latest turnover from December 2022 is £242 million and the company has net assets of £71.4 million. According to their latest financial statements, Denholm Energy Services Limited has 4,613 employees and maintains cash reserves of £13.9 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 242,047,000 | 145,968,000 | 140,539,000 | 191,178,000 | 151,322,000 | 111,147,000 | 153,407,000 | 169,637,000 | 161,046,000 | 160,116,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 180,142,000 | 132,145,000 | 114,582,000 | 137,380,000 | 115,621,000 | 90,918,000 | 116,175,000 | 125,035,000 | 121,280,000 | 117,801,000 |
| Gross Profit | 61,905,000 | 13,823,000 | 25,957,000 | 53,798,000 | 35,701,000 | 20,229,000 | 37,232,000 | 44,602,000 | 39,766,000 | 42,315,000 |
| Admin Expenses | 25,937,000 | 20,762,000 | 19,484,000 | 25,189,000 | 20,816,000 | 18,146,000 | 21,760,000 | 25,476,000 | 22,453,000 | 26,174,000 |
| Operating Profit | 35,968,000 | -6,939,000 | 6,473,000 | 28,609,000 | 14,885,000 | 2,083,000 | 15,472,000 | 19,126,000 | 17,313,000 | 16,141,000 |
| Interest Payable | 2,878,000 | 2,236,000 | 2,349,000 | 1,896,000 | 643,000 | 665,000 | 864,000 | 1,623,000 | 2,234,000 | 3,150,000 |
| Interest Receivable | 37,000 | 19,000 | 53,000 | 70,000 | 75,000 | 83,000 | 4,000 | 1,000 | 1,000 | 10,000 |
| Pre-Tax Profit | 32,892,000 | -7,677,000 | 4,104,000 | 26,367,000 | 15,232,000 | 1,027,000 | 13,812,000 | 16,932,000 | 13,878,000 | 15,539,000 |
| Tax | -3,494,000 | -2,566,000 | -426,000 | -6,440,000 | -2,457,000 | -1,683,000 | -2,316,000 | -2,659,000 | -2,350,000 | -4,137,000 |
| Profit After Tax | 29,398,000 | -10,243,000 | 3,678,000 | 19,927,000 | 12,775,000 | -656,000 | 11,496,000 | 14,273,000 | 11,528,000 | 11,402,000 |
| Dividends Paid | 1,697,000 | 1,062,000 | 0 | 2,543,000 | 3,169,000 | 3,132,000 | 2,969,000 | 532,000 | 0 | 0 |
| Retained Profit | 23,603,000 | -7,490,000 | 3,814,000 | 16,332,000 | 9,268,000 | -6,852,000 | 8,869,000 | 11,938,000 | 11,528,000 | 11,250,000 |
| Employee Costs | 73,192,000 | 55,583,000 | 54,687,000 | 62,532,000 | 51,481,000 | 41,607,000 | 47,537,000 | 51,331,000 | 45,219,000 | 41,548,000 |
| Number Of Employees | 4,613 | 4,187 | 4,382 | 4,527 | 3,795 | 3,527 | 4,302 | 4,054 | 3,654 | 3,238 |
| EBITDA* | 44,928,000 | 1,590,000 | 13,974,000 | 35,931,000 | 20,391,000 | 7,646,000 | 21,259,000 | 24,492,000 | 23,212,000 | 22,837,000 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 58,526,000 | 53,905,000 | 58,409,000 | 61,739,000 | 44,227,000 | 33,255,000 | 35,015,000 | 30,775,000 | 30,246,000 | 28,292,000 |
| Intangible Assets | 17,675,000 | 14,805,000 | 12,319,000 | 5,531,000 | 4,633,000 | 5,193,000 | 5,700,000 | 5,790,000 | 6,559,000 | 7,252,000 |
| Investments & Other | 18,271,000 | 17,746,000 | 17,015,000 | 17,410,000 | 17,669,000 | 9,037,000 | 8,637,000 | 7,854,000 | 2,245,000 | 1,444,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 1,020,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 76,201,000 | 68,710,000 | 70,728,000 | 66,250,000 | 48,860,000 | 38,448,000 | 40,715,000 | 36,565,000 | 36,805,000 | 35,544,000 |
| Stock & work in progress | 8,207,000 | 6,933,000 | 6,984,000 | 6,742,000 | 6,825,000 | 10,335,000 | 12,325,000 | 9,486,000 | 7,620,000 | 7,184,000 |
| Trade Debtors | 86,165,000 | 46,477,000 | 54,593,000 | 51,739,000 | 36,385,000 | 31,406,000 | 36,935,000 | 31,296,000 | 34,708,000 | 47,565,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 14,902,000 | 12,501,000 | 5,540,000 | 8,783,000 | 19,018,000 | 13,072,000 | 33,205,000 | 36,233,000 | 23,824,000 | 0 |
| Cash | 13,913,000 | 15,184,000 | 20,139,000 | 13,798,000 | 4,853,000 | 5,253,000 | 12,071,000 | 10,477,000 | 9,419,000 | 5,740,000 |
| misc current assets | 102,000 | 14,000 | 114,000 | 0 | 546,000 | 872,000 | 982,000 | 574,000 | 70,000 | 324,000 |
| total current assets | 124,166,000 | 81,375,000 | 89,919,000 | 81,483,000 | 67,627,000 | 60,938,000 | 95,518,000 | 88,066,000 | 75,641,000 | 60,813,000 |
| total assets | 200,367,000 | 150,085,000 | 160,647,000 | 147,733,000 | 116,487,000 | 99,386,000 | 136,233,000 | 124,631,000 | 112,446,000 | 96,357,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 10,753,000 | 14,958,000 | 7,074,000 | 10,682,000 |
| Trade Creditors | 30,090,000 | 24,707,000 | 16,944,000 | 19,075,000 | 21,858,000 | 14,325,000 | 25,391,000 | 17,445,000 | 18,035,000 | 31,724,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 28,435,000 | 41,911,000 | 36,940,000 | 17,939,000 | 6,805,000 | 9,875,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,097,000 | 1,199,000 | 2,070,000 | 1,744,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 37,490,000 | 25,631,000 | 20,447,000 | 20,084,000 | 21,265,000 | 18,428,000 | 26,026,000 | 30,161,000 | 26,506,000 | 1,871,000 |
| total current liabilities | 98,112,000 | 93,448,000 | 76,401,000 | 58,842,000 | 49,928,000 | 42,628,000 | 62,170,000 | 62,564,000 | 51,615,000 | 44,277,000 |
| loans | 51,902,000 | 15,788,000 | 47,188,000 | 40,594,000 | 24,588,000 | 10,052,000 | 20,344,000 | 30,000,000 | 67,076,000 | 71,876,000 |
| hp & lease commitments | 6,915,000 | 5,894,000 | 8,544,000 | 8,452,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 1,000,000 | 0 | 0 | 0 |
| provisions | 2,186,000 | 1,378,000 | 1,182,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 27,044,000 | 8,583,000 | 24,185,000 | 20,297,000 | 12,294,000 | 5,026,000 | 11,172,000 | 15,000,000 | 33,538,000 | 35,938,000 |
| total liabilities | 125,156,000 | 102,031,000 | 100,586,000 | 79,139,000 | 62,222,000 | 47,654,000 | 73,342,000 | 77,564,000 | 85,153,000 | 80,215,000 |
| net assets | 71,352,000 | 46,723,000 | 54,933,000 | 62,767,000 | 48,686,000 | 45,387,000 | 55,962,000 | 42,645,000 | 24,529,000 | 14,375,000 |
| total shareholders funds | 71,352,000 | 46,723,000 | 54,933,000 | 62,767,000 | 48,686,000 | 45,387,000 | 55,962,000 | 42,645,000 | 24,529,000 | 14,375,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 35,968,000 | -6,939,000 | 6,473,000 | 28,609,000 | 14,885,000 | 2,083,000 | 15,472,000 | 19,126,000 | 17,313,000 | 16,141,000 |
| Depreciation | 8,146,000 | 7,868,000 | 6,971,000 | 7,016,000 | 4,913,000 | 4,906,000 | 5,426,000 | 4,599,000 | 5,037,000 | 5,548,000 |
| Amortisation | 814,000 | 661,000 | 530,000 | 306,000 | 593,000 | 657,000 | 361,000 | 767,000 | 862,000 | 1,148,000 |
| Tax | -3,494,000 | -2,566,000 | -426,000 | -6,440,000 | -2,457,000 | -1,683,000 | -2,316,000 | -2,659,000 | -2,350,000 | -4,137,000 |
| Stock | 1,274,000 | -51,000 | 242,000 | -83,000 | -3,510,000 | -1,990,000 | 2,839,000 | 1,866,000 | 436,000 | 7,184,000 |
| Debtors | 42,089,000 | -1,155,000 | -1,409,000 | 6,139,000 | 10,925,000 | -25,662,000 | 2,611,000 | 8,997,000 | 10,967,000 | 47,565,000 |
| Creditors | 5,383,000 | 7,763,000 | -2,131,000 | -2,783,000 | 7,533,000 | -11,066,000 | 7,946,000 | -590,000 | -13,689,000 | 31,724,000 |
| Accruals and Deferred Income | 11,859,000 | 5,184,000 | 363,000 | -1,181,000 | 2,837,000 | -7,598,000 | -4,135,000 | 3,655,000 | 24,635,000 | 1,871,000 |
| Deferred Taxes & Provisions | 808,000 | 196,000 | 1,182,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 16,121,000 | 13,373,000 | 14,129,000 | 19,471,000 | 20,889,000 | 14,951,000 | 17,304,000 | 14,035,000 | 20,405,000 | -2,454,000 |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 525,000 | 731,000 | -395,000 | -259,000 | 8,632,000 | 400,000 | 783,000 | 5,609,000 | 801,000 | 1,444,000 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | -10,753,000 | -4,205,000 | 7,884,000 | -3,608,000 | 10,682,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -13,476,000 | 4,971,000 | 19,001,000 | 11,134,000 | -3,070,000 | 9,875,000 | 0 | 0 | 0 | 0 |
| Long term loans | 36,114,000 | -31,400,000 | 6,594,000 | 16,006,000 | 14,536,000 | -10,292,000 | -9,656,000 | -37,076,000 | -4,800,000 | 71,876,000 |
| Hire Purchase and Lease Commitments | 1,919,000 | -3,521,000 | 418,000 | 10,196,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -1,000,000 | 1,000,000 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -2,841,000 | -2,217,000 | -2,296,000 | -1,826,000 | -568,000 | -582,000 | -860,000 | -1,622,000 | -2,233,000 | -3,140,000 |
| cash flow from financing | 22,742,000 | -32,887,000 | 12,069,000 | 33,259,000 | 4,929,000 | -16,475,000 | -9,273,000 | -24,636,000 | -12,015,000 | 82,543,000 |
| cash and cash equivalents | ||||||||||
| cash | -1,271,000 | -4,955,000 | 6,341,000 | 8,945,000 | -400,000 | -6,818,000 | 1,594,000 | 1,058,000 | 3,679,000 | 5,740,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,271,000 | -4,955,000 | 6,341,000 | 8,945,000 | -400,000 | -6,818,000 | 1,594,000 | 1,058,000 | 3,679,000 | 5,740,000 |
P&L
December 2022turnover
242m
+66%
operating profit
36m
-618%
gross margin
25.6%
+170.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
71.4m
+0.53%
total assets
200.4m
+0.34%
cash
13.9m
-0.08%
net assets
Total assets minus all liabilities
denholm energy services limited company details
company number
09186034
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
August 2014
age
10
accounts
Group
ultimate parent company
previous names
denholm oilfield services limited (May 2020)
denholm oilfield services group limited (May 2015)
incorporated
UK
address
8th floor the aspect, 12 finsbury square, london, EC2A 1AS
last accounts submitted
December 2022
denholm energy 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 denholm energy services limited. Currently there are 4 open charges and 0 have been satisfied in the past.
denholm energy services limited Companies House Filings - See Documents
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