humber gateway ofto limited
humber gateway ofto limited Company Information
Company Number
10053857
Website
-Registered Address
q14 quorum business park, benton lane, newcastle upon tyne, england, NE12 8BU
Industry
Transmission of electricity
Telephone
02071213700
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
humber gateway ofto holdings ltd 100%
humber gateway ofto limited Estimated Valuation
Pomanda estimates the enterprise value of HUMBER GATEWAY OFTO LIMITED at £3.9m based on a Turnover of £2.7m and 1.41x industry multiple (adjusted for size and gross margin).
humber gateway ofto limited Estimated Valuation
Pomanda estimates the enterprise value of HUMBER GATEWAY OFTO LIMITED at £395.8k based on an EBITDA of £91k and a 4.35x industry multiple (adjusted for size and gross margin).
humber gateway ofto limited Estimated Valuation
Pomanda estimates the enterprise value of HUMBER GATEWAY OFTO LIMITED at £0 based on Net Assets of £-8.8m and 2.55x industry multiple (adjusted for liquidity).
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Humber Gateway Ofto Limited Overview
Humber Gateway Ofto Limited is a live company located in newcastle upon tyne, NE12 8BU with a Companies House number of 10053857. It operates in the transmission of electricity sector, SIC Code 35120. Founded in March 2016, it's largest shareholder is humber gateway ofto holdings ltd with a 100% stake. Humber Gateway Ofto Limited is a young, small sized company, Pomanda has estimated its turnover at £2.7m with healthy growth in recent years.
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Humber Gateway Ofto Limited Health Check
Pomanda's financial health check has awarded Humber Gateway Ofto Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £2.7m, make it smaller than the average company (£9.6m)
£2.7m - Humber Gateway Ofto Limited
£9.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (6.8%)
6% - Humber Gateway Ofto Limited
6.8% - Industry AVG
Production
with a gross margin of 55.4%, this company has a comparable cost of product (55.4%)
55.4% - Humber Gateway Ofto Limited
55.4% - Industry AVG
Profitability
an operating margin of 3.3% make it less profitable than the average company (46%)
3.3% - Humber Gateway Ofto Limited
46% - Industry AVG
Employees
with 4 employees, this is below the industry average (23)
- Humber Gateway Ofto Limited
23 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Humber Gateway Ofto Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £685.3k, this is less efficient (£850.7k)
- Humber Gateway Ofto Limited
£850.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Humber Gateway Ofto Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 350 days, this is slower than average (28 days)
350 days - Humber Gateway Ofto Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Humber Gateway Ofto Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 71 weeks, this is more cash available to meet short term requirements (24 weeks)
71 weeks - Humber Gateway Ofto Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 105.3%, this is a similar level of debt than the average (96.8%)
105.3% - Humber Gateway Ofto Limited
96.8% - Industry AVG
humber gateway ofto limited Credit Report and Business Information
Humber Gateway Ofto Limited Competitor Analysis
Perform a competitor analysis for humber gateway ofto limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
humber gateway ofto limited Ownership
HUMBER GATEWAY OFTO LIMITED group structure
Humber Gateway Ofto Limited has no subsidiary companies.
Ultimate parent company
2 parents
HUMBER GATEWAY OFTO LIMITED
10053857
humber gateway ofto limited directors
Humber Gateway Ofto Limited currently has 5 directors. The longest serving directors include Mr Brian Walker (Mar 2016) and Mr John Sinclair (Aug 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian Walker | United Kingdom | 68 years | Mar 2016 | - | Director |
| Mr John Sinclair | United Kingdom | 62 years | Aug 2017 | - | Director |
| Mr Paul Gill | United Kingdom | 49 years | May 2020 | - | Director |
| Mrs Jemma Sherman | United Kingdom | 37 years | Oct 2022 | - | Director |
| Mr Paul Gill | England | 49 years | Feb 2024 | - | Director |
HUMBER GATEWAY OFTO LIMITED financials
Humber Gateway Ofto Limited's latest turnover from March 2023 is £2.7 million and the company has net assets of -£8.8 million. According to their latest financial statements, we estimate that Humber Gateway Ofto Limited has 4 employees and maintains cash reserves of £15.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 2,741,000 | 2,743,000 | 2,567,000 | 2,281,000 | 2,247,000 | 2,360,000 | 8,315,000 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | 91,000 | -83,000 | 89,000 | 96,000 | 117,000 | 116,000 | 47,000 |
| Interest Payable | 5,725,000 | 4,180,000 | 4,465,000 | 4,479,000 | 4,638,000 | 4,769,000 | 2,494,000 |
| Interest Receivable | 5,297,000 | 5,064,000 | 5,308,000 | 5,504,000 | 5,700,000 | 5,719,000 | 3,186,000 |
| Pre-Tax Profit | -337,000 | 801,000 | 932,000 | 1,121,000 | 1,179,000 | 1,066,000 | 739,000 |
| Tax | -424,000 | -1,361,000 | -367,000 | -653,000 | -465,000 | -418,000 | -179,000 |
| Profit After Tax | -761,000 | -560,000 | 565,000 | 468,000 | 714,000 | 648,000 | 560,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 558,000 | 0 |
| Retained Profit | -761,000 | -560,000 | 565,000 | 468,000 | 714,000 | 90,000 | 560,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | |||||||
| EBITDA* | 91,000 | -83,000 | 89,000 | 96,000 | 117,000 | 116,000 | 47,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 141,121,000 | 142,843,000 | 143,900,000 | 149,552,000 | 155,259,000 | 163,076,000 | 165,662,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 141,121,000 | 142,843,000 | 274,000 | 149,552,000 | 1,839,000 | 3,986,000 | 2,551,000 |
| Debtors (Due After 1 year) | 0 | 0 | 143,626,000 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 141,121,000 | 142,843,000 | 143,900,000 | 149,552,000 | 155,259,000 | 163,076,000 | 165,662,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 344,000 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,356,000 | 1,251,000 | 509,000 | 347,000 | 0 | 0 | 0 |
| Cash | 15,757,000 | 15,658,000 | 15,082,000 | 15,834,000 | 13,988,000 | 13,743,000 | 16,721,000 |
| misc current assets | 6,564,000 | 6,090,000 | 6,381,000 | 3,863,000 | 4,930,000 | 3,795,000 | 4,036,000 |
| total current assets | 23,677,000 | 22,999,000 | 21,972,000 | 20,044,000 | 19,262,000 | 17,538,000 | 20,757,000 |
| total assets | 164,798,000 | 165,842,000 | 165,872,000 | 169,596,000 | 174,521,000 | 180,614,000 | 186,419,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,174,000 | 661,000 | 268,000 | 0 | 3,000 | 76,000 | 774,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 7,713,000 | 7,152,000 | 8,553,000 | 7,483,000 | 6,899,000 | 6,328,000 | 7,314,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,598,000 | 2,043,000 | 1,164,000 | 790,000 | 735,000 | 811,000 | 745,000 |
| total current liabilities | 11,485,000 | 9,856,000 | 9,985,000 | 8,273,000 | 7,637,000 | 7,215,000 | 8,833,000 |
| loans | 297,122,000 | 309,618,000 | 308,479,000 | 322,376,000 | 333,931,000 | 344,166,000 | 356,282,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 626,000 | 0 | 1,906,000 | 838,000 | 0 | 0 | 0 |
| total long term liabilities | 162,107,000 | 166,683,000 | 158,297,000 | 165,018,000 | 171,468,000 | 176,086,000 | 183,038,000 |
| total liabilities | 173,592,000 | 176,539,000 | 168,282,000 | 173,291,000 | 179,105,000 | 183,301,000 | 191,871,000 |
| net assets | -8,794,000 | -10,697,000 | -2,410,000 | -3,695,000 | -4,584,000 | -2,687,000 | -5,452,000 |
| total shareholders funds | -8,794,000 | -10,697,000 | -2,410,000 | -3,695,000 | -4,584,000 | -2,687,000 | -5,452,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 91,000 | -83,000 | 89,000 | 96,000 | 117,000 | 116,000 | 47,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -424,000 | -1,361,000 | -367,000 | -653,000 | -465,000 | -418,000 | -179,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 105,000 | -142,884,000 | 143,788,000 | 3,000 | 344,000 | 0 | 0 |
| Creditors | 513,000 | 393,000 | 268,000 | -3,000 | -73,000 | -698,000 | 774,000 |
| Accruals and Deferred Income | 555,000 | 879,000 | 374,000 | 55,000 | -76,000 | 66,000 | 745,000 |
| Deferred Taxes & Provisions | 626,000 | -1,906,000 | 1,068,000 | 838,000 | 0 | 0 | 0 |
| Cash flow from operations | 1,256,000 | 140,806,000 | -142,356,000 | 330,000 | -841,000 | -934,000 | 1,387,000 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -1,722,000 | 142,569,000 | -149,278,000 | 147,713,000 | -2,147,000 | 1,435,000 | 2,551,000 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 561,000 | -1,401,000 | 1,070,000 | 584,000 | 571,000 | -986,000 | 7,314,000 |
| Long term loans | -12,496,000 | 1,139,000 | -13,897,000 | -11,555,000 | -10,235,000 | -12,116,000 | 356,282,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -428,000 | 884,000 | 843,000 | 1,025,000 | 1,062,000 | 950,000 | 692,000 |
| cash flow from financing | -9,699,000 | -7,105,000 | -11,264,000 | -9,525,000 | -11,213,000 | -9,477,000 | 358,276,000 |
| cash and cash equivalents | |||||||
| cash | 99,000 | 576,000 | -752,000 | 1,846,000 | 245,000 | -2,978,000 | 16,721,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 99,000 | 576,000 | -752,000 | 1,846,000 | 245,000 | -2,978,000 | 16,721,000 |
P&L
March 2023turnover
2.7m
0%
operating profit
91k
-210%
gross margin
55.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-8.8m
-0.18%
total assets
164.8m
-0.01%
cash
15.8m
+0.01%
net assets
Total assets minus all liabilities
Similar Companies
humber gateway ofto limited company details
company number
10053857
Type
Private limited with Share Capital
industry
35120 - Transmission of electricity
incorporation date
March 2016
age
8
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
q14 quorum business park, benton lane, newcastle upon tyne, england, NE12 8BU
last accounts submitted
March 2023
humber gateway ofto 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 did not find charges/mortgages relating to humber gateway ofto limited.
humber gateway ofto limited Companies House Filings - See Documents
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