orsted race bank (holding) limited
orsted race bank (holding) limited Company Information
Company Number
10272657
Next Accounts
Sep 2025
Shareholders
orsted power (uk) limited
Group Structure
View All
Industry
Production of electricity
Registered Address
5 howick place, london, SW1P 1WG
Website
orsted.co.ukorsted race bank (holding) limited Estimated Valuation
Pomanda estimates the enterprise value of ORSTED RACE BANK (HOLDING) LIMITED at £781.7m based on a Turnover of £199.4m and 3.92x industry multiple (adjusted for size and gross margin).
orsted race bank (holding) limited Estimated Valuation
Pomanda estimates the enterprise value of ORSTED RACE BANK (HOLDING) LIMITED at £1.7b based on an EBITDA of £156.8m and a 11.14x industry multiple (adjusted for size and gross margin).
orsted race bank (holding) limited Estimated Valuation
Pomanda estimates the enterprise value of ORSTED RACE BANK (HOLDING) LIMITED at £830.7m based on Net Assets of £316.1m and 2.63x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Orsted Race Bank (holding) Limited Overview
Orsted Race Bank (holding) Limited is a live company located in london, SW1P 1WG with a Companies House number of 10272657. It operates in the production of electricity sector, SIC Code 35110. Founded in July 2016, it's largest shareholder is orsted power (uk) limited with a 100% stake. Orsted Race Bank (holding) Limited is a young, mega sized company, Pomanda has estimated its turnover at £199.4m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Orsted Race Bank (holding) Limited Health Check
Pomanda's financial health check has awarded Orsted Race Bank (Holding) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
1 Weak
Size
annual sales of £199.4m, make it larger than the average company (£1.8m)
£199.4m - Orsted Race Bank (holding) Limited
£1.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (10.8%)
9% - Orsted Race Bank (holding) Limited
10.8% - Industry AVG
Production
with a gross margin of 74.5%, this company has a comparable cost of product (71%)
74.5% - Orsted Race Bank (holding) Limited
71% - Industry AVG
Profitability
an operating margin of 60.8% make it as profitable than the average company (51.1%)
60.8% - Orsted Race Bank (holding) Limited
51.1% - Industry AVG
Employees
with 444 employees, this is above the industry average (3)
- Orsted Race Bank (holding) Limited
3 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Orsted Race Bank (holding) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £449.1k, this is equally as efficient (£449.7k)
- Orsted Race Bank (holding) Limited
£449.7k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (16 days)
0 days - Orsted Race Bank (holding) Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (21 days)
0 days - Orsted Race Bank (holding) Limited
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Orsted Race Bank (holding) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is more cash available to meet short term requirements (9 weeks)
16 weeks - Orsted Race Bank (holding) Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59.4%, this is a lower level of debt than the average (90%)
59.4% - Orsted Race Bank (holding) Limited
90% - Industry AVG
ORSTED RACE BANK (HOLDING) LIMITED financials
Orsted Race Bank (Holding) Limited's latest turnover from December 2023 is £199.4 million and the company has net assets of £316.1 million. According to their latest financial statements, we estimate that Orsted Race Bank (Holding) Limited has 444 employees and maintains cash reserves of £8.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 199,389,466 | 259,299,710 | 206,349,773 | 152,035,068 | 148,212,168 | 124,180,233 | ||
| Other Income Or Grants | ||||||||
| Cost Of Sales | 50,872,653 | 119,693,101 | 107,362,146 | 104,274,558 | 99,787,733 | 85,959,252 | ||
| Gross Profit | 148,516,813 | 139,606,609 | 98,987,627 | 47,760,510 | 48,424,435 | 38,220,981 | ||
| Admin Expenses | 27,346,671 | 495,750 | 1,006,556 | 837,935 | 761,515 | -14,131,731 | 679 | |
| Operating Profit | 121,170,142 | 139,110,859 | 97,981,071 | 46,922,575 | 47,662,920 | 52,352,712 | -679 | -655 |
| Interest Payable | 23,596,581 | 10,762,443 | 7,252,065 | 12,640,606 | 16,835,010 | 15,205,059 | 11,417,563 | 177,294 |
| Interest Receivable | 14,588,893 | 28,336,785 | 23,872,463 | 25,286,989 | 35,388,032 | 37,158,103 | 24,228,136 | 481,509 |
| Pre-Tax Profit | 112,162,454 | 156,685,201 | 114,601,469 | 59,568,958 | 66,215,942 | 74,385,169 | 13,286,677 | -2,538,502 |
| Tax | -3,489,503 | -17,212,268 | -13,295,033 | -1,248,683 | -6,718,315 | -11,351,281 | -2,500,599 | 431,545 |
| Profit After Tax | 108,672,951 | 139,472,933 | 101,306,436 | 58,320,275 | 59,497,627 | 63,033,888 | 10,786,078 | -2,106,957 |
| Dividends Paid | 350,000,000 | 120,008,000 | ||||||
| Retained Profit | -241,327,049 | 19,464,933 | 101,306,436 | 58,320,275 | 59,497,627 | 63,033,888 | 10,786,078 | -2,106,957 |
| Employee Costs | ||||||||
| Number Of Employees | ||||||||
| EBITDA* | 156,772,193 | 139,110,859 | 97,981,071 | 46,922,575 | 47,662,920 | 52,352,712 | -679 | -655 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 622,120,742 | 600,658,162 | 633,460,137 | 670,251,526 | 709,382,509 | 979,798,744 | 790,390,473 | 401,376,055 |
| Intangible Assets | 17,969,911 | |||||||
| Investments & Other | 140,478,148 | 164,097,038 | 189,137,241 | 215,724,250 | 236,276,250 | 85,293,250 | 85,293,250 | |
| Debtors (Due After 1 year) | 460,180,014 | 469,363,099 | 481,114,285 | 493,658,259 | 743,522,494 | 705,096,997 | 315,651,260 | |
| Total Fixed Assets | 640,090,653 | 600,658,162 | 633,460,137 | 670,251,526 | 709,382,509 | 979,798,744 | 790,390,473 | 401,376,055 |
| Stock & work in progress | ||||||||
| Trade Debtors | 329,480 | |||||||
| Group Debtors | 128,442,737 | 381,443,652 | 335,134,628 | 431,017,875 | 386,145,893 | 88,547,036 | ||
| Misc Debtors | 397,728 | 42,737 | 32,804 | 6,710 | 13,121 | 36,505 | ||
| Cash | 8,938,227 | 1,980,410 | 2,032,064 | 2,154,065 | 2,220,089 | |||
| misc current assets | ||||||||
| total current assets | 138,108,172 | 381,486,389 | 337,147,842 | 433,056,649 | 388,313,079 | 90,803,630 | ||
| total assets | 778,198,825 | 982,144,551 | 970,607,979 | 1,103,308,175 | 1,097,695,588 | 1,070,602,374 | 790,390,473 | 401,376,055 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 46,214 | 10,500 | 10,500 | 30,645 | 655 | |||
| Group/Directors Accounts | 6,901,116 | |||||||
| other short term finances | 635,000,000 | |||||||
| hp & lease commitments | 817,979 | |||||||
| other current liabilities | 19,950,557 | 64,842,251 | 44,760,112 | 28,766,744 | 36,484,932 | 23,858,700 | 2,511,740 | |
| total current liabilities | 27,715,866 | 64,842,251 | 44,770,612 | 663,777,244 | 36,484,932 | 23,889,345 | 2,511,740 | 655 |
| loans | 329,000,000 | 357,000,000 | 385,000,000 | 1,360,000,000 | 725,000,000 | 779,199,592 | 806,964,674 | |
| hp & lease commitments | 18,329,615 | |||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 87,043,955 | |||||||
| total long term liabilities | 434,373,570 | 357,000,000 | 385,000,000 | 680,000,000 | 725,000,000 | 779,199,592 | 403,482,337 | |
| total liabilities | 462,089,436 | 421,842,251 | 429,770,612 | 663,777,244 | 716,484,932 | 748,889,345 | 781,711,332 | 403,482,992 |
| net assets | 316,109,389 | 560,302,300 | 540,837,367 | 439,530,931 | 381,210,656 | 321,713,029 | 8,679,141 | -2,106,937 |
| total shareholders funds | 316,109,389 | 560,302,300 | 540,837,367 | 439,530,931 | 381,210,656 | 321,713,029 | 8,679,141 | -2,106,937 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 121,170,142 | 139,110,859 | 97,981,071 | 46,922,575 | 47,662,920 | 52,352,712 | -679 | -655 |
| Depreciation | 34,644,648 | |||||||
| Amortisation | 957,403 | |||||||
| Tax | -3,489,503 | -17,212,268 | -13,295,033 | -1,248,683 | -6,718,315 | -11,351,281 | -2,500,599 | 431,545 |
| Stock | ||||||||
| Debtors | -712,496,458 | 37,135,872 | -107,608,339 | 32,321,597 | 47,711,238 | 127,009,038 | 389,445,737 | 315,651,260 |
| Creditors | 46,214 | -10,500 | 10,500 | -30,645 | 30,645 | -655 | 655 | |
| Accruals and Deferred Income | -44,891,694 | 20,082,139 | 15,993,368 | -7,718,188 | 12,626,232 | 21,346,960 | 2,511,740 | |
| Deferred Taxes & Provisions | 87,043,955 | |||||||
| Cash flow from operations | 907,977,623 | 104,834,358 | 208,287,745 | 5,644,607 | 5,828,954 | -64,630,002 | -389,435,930 | -315,219,715 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | -140,478,148 | -23,618,890 | -25,040,203 | -26,587,009 | -20,552,000 | 150,983,000 | 85,293,250 | |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | 6,901,116 | |||||||
| Other Short Term Loans | -635,000,000 | 635,000,000 | ||||||
| Long term loans | -28,000,000 | -28,000,000 | 385,000,000 | -1,360,000,000 | 635,000,000 | -54,199,592 | -27,765,082 | 806,964,674 |
| Hire Purchase and Lease Commitments | 19,147,594 | |||||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | -9,007,688 | 17,574,342 | 16,620,398 | 12,646,383 | 18,553,022 | 21,953,044 | 12,810,573 | 304,215 |
| cash flow from financing | -13,824,840 | -10,425,658 | -233,379,602 | -712,353,617 | 653,553,022 | 217,753,452 | -14,954,509 | 807,268,909 |
| cash and cash equivalents | ||||||||
| cash | 8,938,227 | -1,980,410 | -51,654 | -122,001 | -66,024 | 2,220,089 | ||
| overdraft | ||||||||
| change in cash | 8,938,227 | -1,980,410 | -51,654 | -122,001 | -66,024 | 2,220,089 |
orsted race bank (holding) limited Credit Report and Business Information
Orsted Race Bank (holding) Limited Competitor Analysis
Perform a competitor analysis for orsted race bank (holding) limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other mega companies, companies in SW1P area or any other competitors across 12 key performance metrics.
orsted race bank (holding) limited Ownership
ORSTED RACE BANK (HOLDING) LIMITED group structure
Orsted Race Bank (Holding) Limited has 1 subsidiary company.
Ultimate parent company
ORSTED A/S
#0054594
2 parents
ORSTED RACE BANK (HOLDING) LIMITED
10272657
1 subsidiary
orsted race bank (holding) limited directors
Orsted Race Bank (Holding) Limited currently has 2 directors. The longest serving directors include Mr Philip De Villiers (Jun 2017) and Mr Samuel Claxton (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip De Villiers | England | 49 years | Jun 2017 | - | Director |
| Mr Samuel Claxton | 36 years | Nov 2020 | - | Director |
P&L
December 2023turnover
199.4m
-23%
operating profit
121.2m
-13%
gross margin
74.5%
+38.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
316.1m
-0.44%
total assets
778.2m
-0.21%
cash
8.9m
0%
net assets
Total assets minus all liabilities
orsted race bank (holding) limited company details
company number
10272657
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
July 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
dong energy race bank (holding) limited (October 2017)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
5 howick place, london, SW1P 1WG
Bank
-
Legal Advisor
-
orsted race bank (holding) 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 orsted race bank (holding) limited.
orsted race bank (holding) 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 ORSTED RACE BANK (HOLDING) LIMITED. This can take several minutes, an email will notify you when this has completed.
orsted race bank (holding) limited Companies House Filings - See Documents
| date | description | view/download |
|---|
