petredec (europe) limited
petredec (europe) limited Company Information
Company Number
09605998
Next Accounts
Sep 2025
Industry
Security and commodity contracts brokerage
Shareholders
petredec international pte. ltd
Group Structure
View All
Contact
Registered Address
the leadenhall building, level 4, 122 leadenhall street, london, EC3V 4AB
Website
www.petredec.co.ukpetredec (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of PETREDEC (EUROPE) LIMITED at £1.1b based on a Turnover of £960.2m and 1.15x industry multiple (adjusted for size and gross margin).
petredec (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of PETREDEC (EUROPE) LIMITED at £69.9m based on an EBITDA of £14.4m and a 4.86x industry multiple (adjusted for size and gross margin).
petredec (europe) limited Estimated Valuation
Pomanda estimates the enterprise value of PETREDEC (EUROPE) LIMITED at £0 based on Net Assets of £-5.6m and 1.77x industry multiple (adjusted for liquidity).
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Petredec (europe) Limited Overview
Petredec (europe) Limited is a live company located in london, EC3V 4AB with a Companies House number of 09605998. It operates in the security and commodity contracts dealing activities sector, SIC Code 66120. Founded in May 2015, it's largest shareholder is petredec international pte. ltd with a 100% stake. Petredec (europe) Limited is a established, mega sized company, Pomanda has estimated its turnover at £960.2m with declining growth in recent years.
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Petredec (europe) Limited Health Check
Pomanda's financial health check has awarded Petredec (Europe) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
8 Weak
Size
annual sales of £960.2m, make it larger than the average company (£10.3m)
£960.2m - Petredec (europe) Limited
£10.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (4.8%)
-12% - Petredec (europe) Limited
4.8% - Industry AVG
Production
with a gross margin of 3.9%, this company has a higher cost of product (43.1%)
3.9% - Petredec (europe) Limited
43.1% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (7.6%)
1.5% - Petredec (europe) Limited
7.6% - Industry AVG
Employees
with 9 employees, this is below the industry average (18)
9 - Petredec (europe) Limited
18 - Industry AVG
Pay Structure
on an average salary of £406.3k, the company has a higher pay structure (£123.3k)
£406.3k - Petredec (europe) Limited
£123.3k - Industry AVG
Efficiency
resulting in sales per employee of £106.7m, this is more efficient (£352.7k)
£106.7m - Petredec (europe) Limited
£352.7k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (41 days)
1 days - Petredec (europe) Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (73 days)
0 days - Petredec (europe) Limited
73 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Petredec (europe) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (35 weeks)
6 weeks - Petredec (europe) Limited
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 110.3%, this is a higher level of debt than the average (69.4%)
110.3% - Petredec (europe) Limited
69.4% - Industry AVG
PETREDEC (EUROPE) LIMITED financials
Petredec (Europe) Limited's latest turnover from December 2023 is £960.2 million and the company has net assets of -£5.6 million. According to their latest financial statements, Petredec (Europe) Limited has 9 employees and maintains cash reserves of £7.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 960,205,889 | 2,521,998,335 | 1,925,358,529 | 1,432,204,124 | 2,119,014,649 | 2,425,364,743 | 1,693,914,741 | 336,934,112 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 922,610,703 | 2,455,241,087 | 1,793,705,572 | 1,660,910,461 | 335,861,051 | 0 | |||
| Gross Profit | 37,595,186 | 66,757,248 | 131,652,957 | 33,004,280 | 1,073,061 | 0 | |||
| Admin Expenses | 23,281,357 | 44,530,316 | 105,087,692 | ||||||
| Operating Profit | 14,313,829 | 22,226,932 | 26,565,265 | 82,880,622 | |||||
| Interest Payable | 4,270,684 | 6,094,164 | 5,568,058 | 7,296,940 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 1,871,924 | 646,431 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 11,987,737 | 16,572,553 | 22,182,989 | 52,826,326 | -32,797,172 | -82,214,949 | 12,491,817 | -11,234,090 | -513,694 |
| Tax | -1,662,251 | 13,612,141 | -2,356,821 | -6,748,111 | 163,253 | 1,388,489 | -565,742 | 0 | 102,738 |
| Profit After Tax | 10,325,486 | 30,184,695 | 19,826,168 | 46,078,216 | -32,633,919 | -80,826,460 | 11,926,075 | -11,234,090 | -410,955 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 10,325,486 | 30,184,695 | 19,826,168 | 46,078,216 | -32,633,919 | -80,826,460 | 11,926,075 | -11,234,090 | -410,955 |
| Employee Costs | 3,656,801 | 12,665,203 | 24,435,046 | 25,297,527 | 9,012,463 | 6,827,992 | 12,998,949 | 8,153,435 | 0 |
| Number Of Employees | 9 | 10 | 37 | 42 | 48 | 44 | 37 | 22 | 3 |
| EBITDA* | 14,377,413 | 22,418,439 | 26,821,357 | 82,880,622 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 14,780,107 | 14,676,406 | 25,967,717 | 66,238,902 | 2,991,036 | 3,139,157 | 1,929,369 | 1,859,222 | 112,022 |
| Intangible Assets | 358,035 | 6,381,803 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 1,006,736 | 439,236 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 14,780,107 | 13,529,634 | 329,815 | 311,835 | 2,110,633 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 15,138,142 | 21,058,209 | 25,637,901 | 66,238,902 | 2,991,035 | 3,139,156 | 1,929,368 | 1,859,222 | 112,021 |
| Stock & work in progress | 0 | 0 | 44,272,854 | 42,650,231 | 93,052,984 | 61,363,688 | 12,525,200 | 16,465,086 | 0 |
| Trade Debtors | 5,207,781 | 38,779,805 | 171,637,436 | 97,673,344 | 104,291,961 | 314,595,635 | 106,694,498 | 97,010,759 | 0 |
| Group Debtors | 116,569 | 24,215,426 | 24,786,590 | 43,083,131 | 33,859,776 | 3,832,152 | 28,065,849 | 9,734,195 | 12,302 |
| Misc Debtors | 1,555,521 | 12,392,703 | 16,420,145 | 20,425,563 | 27,139,421 | 11,661,315 | 24,044,774 | 5,468,673 | 0 |
| Cash | 7,334,796 | 26,692,907 | 96,853,173 | 47,865,580 | 53,947,962 | 61,144,531 | 63,671,480 | 37,267,421 | 0 |
| misc current assets | 24,579,517 | 30,532,132 | 96,420,922 | 82,759,557 | 148,880,548 | 241,331,893 | 191,399,287 | 48,441,741 | 0 |
| total current assets | 39,529,937 | 133,428,961 | 450,391,122 | 334,627,632 | 461,326,434 | 693,929,216 | 426,401,090 | 214,387,877 | 12,302 |
| total assets | 54,668,079 | 154,487,170 | 476,029,023 | 400,866,534 | 464,317,469 | 697,068,372 | 428,330,458 | 216,247,099 | 124,323 |
| Bank overdraft | 0 | 0 | 0 | 0 | 110,983,164 | 194,050,763 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 27,115,826 | 29,716,616 | 0 |
| Trade Creditors | 742,563 | 15,834,532 | 16,953,283 | 37,197,887 | 25,961,665 | 57,365,661 | 63,446,241 | 20,407,848 | 0 |
| Group/Directors Accounts | 18,065,249 | 72,874,877 | 1 | 0 | 1 | 0 | 1 | 1 | 1 |
| other short term finances | 0 | 17,394,595 | 58,881,732 | 35,203,609 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 12,085,383 | 5,551,434 | 29,971,286 | 54,273,240 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 25,279,689 | 57,614,107 | 414,906,097 | 320,689,704 | 437,847,093 | 526,883,137 | 338,166,885 | 177,706,910 | 522,879 |
| total current liabilities | 56,172,886 | 169,269,548 | 520,712,401 | 447,364,443 | 574,791,925 | 778,299,564 | 428,728,954 | 227,831,376 | 522,880 |
| loans | 5,513,586 | 2,299,598 | 4,870,401 | 37,286,668 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,756,793 | 1,149,799 | 2,272,233 | 18,643,334 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 1,344,334 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,101,127 | 1,149,799 | 2,598,168 | 18,643,334 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 60,274,013 | 170,419,347 | 523,310,569 | 466,007,777 | 574,791,925 | 778,299,564 | 428,728,954 | 227,831,376 | 522,880 |
| net assets | -5,605,934 | -15,932,177 | -47,281,546 | -65,141,243 | -110,474,456 | -81,231,192 | -398,496 | -11,584,277 | -398,557 |
| total shareholders funds | -5,605,934 | -15,932,178 | -47,281,546 | -65,141,243 | -110,474,455 | -81,231,191 | -398,495 | -11,584,277 | -398,556 |
| Dec 2023 | Dec 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 14,313,829 | 22,226,932 | 26,565,265 | 82,880,622 | |||||
| Depreciation | 63,583 | 191,507 | 256,092 | 0 | 472,998 | 522,812 | 512,378 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -1,662,251 | 13,612,141 | -2,356,821 | -6,748,111 | 163,253 | 1,388,489 | -565,742 | 0 | 102,738 |
| Stock | 0 | -44,272,854 | 1,622,623 | -50,402,753 | 31,689,296 | 48,838,488 | -3,939,886 | 16,465,086 | 0 |
| Debtors | -67,257,589 | -124,256,418 | 51,680,113 | -5,907,919 | -162,687,310 | 171,283,981 | 46,591,494 | 112,201,325 | 12,302 |
| Creditors | -15,091,969 | -1,118,751 | -20,244,604 | 11,236,222 | -31,403,997 | -6,080,580 | 43,038,393 | 20,407,848 | 0 |
| Accruals and Deferred Income | -32,334,418 | -357,291,990 | 94,216,393 | -117,157,389 | -89,036,044 | 188,716,252 | 160,459,975 | 177,184,031 | 522,879 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 32,546,363 | -153,850,889 | 45,133,589 | 26,522,016 | |||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | -1,006,736 | 567,500 | 439,236 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | -27,115,826 | -2,600,790 | 29,716,616 | 0 |
| Group/Directors Accounts | -54,809,628 | 72,874,876 | 1 | -1 | 1 | -1 | 0 | 0 | 1 |
| Other Short Term Loans | -17,394,595 | -41,487,137 | 23,678,123 | 35,203,609 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 3,213,988 | -2,570,803 | -32,416,267 | 37,286,668 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 8,140,943 | -25,542,286 | -40,673,055 | 72,916,574 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 1,344,334 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -2,398,760 | -5,447,733 | -5,568,058 | -7,296,940 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -61,902,961 | -1,008,410 | -56,945,727 | 137,364,906 | 3,390,656 | -27,122,063 | -3,341,083 | 29,764,986 | 12,400 |
| cash and cash equivalents | |||||||||
| cash | -19,358,111 | -70,160,266 | 48,987,593 | -6,082,382 | -7,196,569 | -2,526,949 | 26,404,059 | 37,267,421 | 0 |
| overdraft | 0 | 0 | 0 | -110,983,164 | -83,067,599 | 194,050,763 | 0 | 0 | 0 |
| change in cash | -19,358,111 | -70,160,266 | 48,987,593 | 104,900,782 | 75,871,030 | -196,577,712 | 26,404,059 | 37,267,421 | 0 |
petredec (europe) limited Credit Report and Business Information
Petredec (europe) Limited Competitor Analysis
Perform a competitor analysis for petredec (europe) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC3V area or any other competitors across 12 key performance metrics.
petredec (europe) limited Ownership
PETREDEC (EUROPE) LIMITED group structure
Petredec (Europe) Limited has no subsidiary companies.
Ultimate parent company
PETREDEC INTERNATIONAL PTE LTD
#0101172
1 parent
PETREDEC (EUROPE) LIMITED
09605998
petredec (europe) limited directors
Petredec (Europe) Limited currently has 4 directors. The longest serving directors include Mr Maurice Towey (Aug 2017) and Mr James Bullen (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Maurice Towey | United Kingdom | 49 years | Aug 2017 | - | Director |
| Mr James Bullen | United Kingdom | 48 years | Dec 2022 | - | Director |
| Mr Ioannis Papaioannou | United Kingdom | 39 years | Mar 2024 | - | Director |
| Mr Jean Lagier | United Kingdom | 43 years | Mar 2024 | - | Director |
P&L
December 2023turnover
960.2m
-62%
operating profit
14.3m
-36%
gross margin
4%
+47.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-5.6m
-0.65%
total assets
54.7m
-0.65%
cash
7.3m
-0.73%
net assets
Total assets minus all liabilities
petredec (europe) limited company details
company number
09605998
Type
Private limited with Share Capital
industry
66120 - Security and commodity contracts brokerage
incorporation date
May 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
the leadenhall building, level 4, 122 leadenhall street, london, EC3V 4AB
Bank
-
Legal Advisor
-
petredec (europe) 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 34 charges/mortgages relating to petredec (europe) limited. Currently there are 29 open charges and 5 have been satisfied in the past.
petredec (europe) limited 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.
Click to start generating capital raising & share issue transactions for PETREDEC (EUROPE) LIMITED. This can take several minutes, an email will notify you when this has completed.
petredec (europe) limited Companies House Filings - See Documents
| date | description | view/download |
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