hc ess2 limited
hc ess2 limited Company Information
Company Number
10610190
Website
-Registered Address
c/o gresham house asset manageme, 5 new street square, london, EC4A 3TW
Industry
Production of electricity
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
gresham house energy storage holdings plc 100%
hc ess2 limited Estimated Valuation
Pomanda estimates the enterprise value of HC ESS2 LIMITED at £10.3m based on a Turnover of £5m and 2.06x industry multiple (adjusted for size and gross margin).
hc ess2 limited Estimated Valuation
Pomanda estimates the enterprise value of HC ESS2 LIMITED at £21.8m based on an EBITDA of £3.5m and a 6.21x industry multiple (adjusted for size and gross margin).
hc ess2 limited Estimated Valuation
Pomanda estimates the enterprise value of HC ESS2 LIMITED at £0 based on Net Assets of £-8.3m and 2.69x industry multiple (adjusted for liquidity).
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Hc Ess2 Limited Overview
Hc Ess2 Limited is a live company located in london, EC4A 3TW with a Companies House number of 10610190. It operates in the production of electricity sector, SIC Code 35110. Founded in February 2017, it's largest shareholder is gresham house energy storage holdings plc with a 100% stake. Hc Ess2 Limited is a young, mid sized company, Pomanda has estimated its turnover at £5m with low growth in recent years.
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Hc Ess2 Limited Health Check
Pomanda's financial health check has awarded Hc Ess2 Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £5m, make it larger than the average company (£1.3m)
£5m - Hc Ess2 Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (4.9%)
4% - Hc Ess2 Limited
4.9% - Industry AVG
Production
with a gross margin of 81.6%, this company has a comparable cost of product (70.5%)
81.6% - Hc Ess2 Limited
70.5% - Industry AVG
Profitability
an operating margin of 25.7% make it less profitable than the average company (45.7%)
25.7% - Hc Ess2 Limited
45.7% - Industry AVG
Employees
with 4 employees, this is above the industry average (3)
4 - Hc Ess2 Limited
3 - Industry AVG
Pay Structure
on an average salary of £72.2k, the company has an equivalent pay structure (£72.2k)
- Hc Ess2 Limited
£72.2k - Industry AVG
Efficiency
resulting in sales per employee of £1.3m, this is more efficient (£316k)
£1.3m - Hc Ess2 Limited
£316k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (16 days)
0 days - Hc Ess2 Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 153 days, this is slower than average (22 days)
153 days - Hc Ess2 Limited
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hc Ess2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (8 weeks)
1 weeks - Hc Ess2 Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 149.1%, this is a higher level of debt than the average (94.7%)
149.1% - Hc Ess2 Limited
94.7% - Industry AVG
hc ess2 limited Credit Report and Business Information
Hc Ess2 Limited Competitor Analysis
Perform a competitor analysis for hc ess2 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
hc ess2 limited Ownership
HC ESS2 LIMITED group structure
Hc Ess2 Limited has 1 subsidiary company.
Ultimate parent company
2 parents
HC ESS2 LIMITED
10610190
1 subsidiary
hc ess2 limited directors
Hc Ess2 Limited currently has 3 directors. The longest serving directors include Mr Benjamin Guest (Feb 2017) and Mr Stephen Beck (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Benjamin Guest | United Kingdom | 51 years | Feb 2017 | - | Director |
| Mr Stephen Beck | United Kingdom | 50 years | Dec 2019 | - | Director |
| Mr Stephen Beck | United Kingdom | 50 years | Dec 2019 | - | Director |
HC ESS2 LIMITED financials
Hc Ess2 Limited's latest turnover from December 2022 is £5 million and the company has net assets of -£8.3 million. According to their latest financial statements, Hc Ess2 Limited has 4 employees and maintains cash reserves of £693.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 5,005,961 | 4,219,237 | 2,006,379 | 4,465,455 | 4,800,131 | 3,328,846 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 919,291 | 764,918 | 546,631 | 1,007,153 | 1,278,226 | 532,490 |
| Gross Profit | 4,086,670 | 3,454,319 | 1,459,748 | 3,458,302 | 3,521,905 | 2,796,356 |
| Admin Expenses | 2,799,674 | 3,440,259 | 2,442,868 | 2,277,849 | 1,858,783 | 825,118 |
| Operating Profit | 1,286,996 | 14,060 | -983,120 | 1,180,453 | 1,663,122 | 1,971,238 |
| Interest Payable | 2,024,778 | 2,147,174 | 2,145,486 | 1,829,367 | 5,124,024 | 1,000,845 |
| Interest Receivable | 55 | 2 | 52 | 45 | 19 | 2 |
| Pre-Tax Profit | -737,727 | -1,262,814 | -3,128,554 | -648,869 | -3,460,883 | 970,395 |
| Tax | 0 | 0 | 0 | 0 | 197,025 | -197,025 |
| Profit After Tax | -737,727 | -1,262,814 | -3,128,554 | -648,869 | -3,263,858 | 773,370 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -737,727 | -1,262,814 | -3,128,554 | -648,869 | -3,263,858 | 773,370 |
| Employee Costs | ||||||
| Number Of Employees | 4 | 4 | 4 | 5 | 5 | 5 |
| EBITDA* | 3,508,173 | 2,243,068 | 1,027,933 | 2,803,776 | 2,942,690 | 2,493,608 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 15,463,108 | 17,673,605 | 20,645,569 | 21,943,001 | 16,966,470 | 18,094,844 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 856,537 | 856,537 | 856,537 | 856,537 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 15,463,108 | 17,673,605 | 21,502,106 | 22,799,538 | 17,823,007 | 18,951,381 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 8,127 | 378,696 | 438,508 | 205,236 | 686,612 | 494,939 |
| Group Debtors | 0 | 12,083 | 200 | 10,880 | 36,959 | 11,000 |
| Misc Debtors | 667,959 | 903,324 | 581,863 | 735,687 | 860,780 | 1,812,343 |
| Cash | 693,817 | 1,230,138 | 829,057 | 3,814,993 | 327,703 | 499,076 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,369,903 | 2,524,241 | 1,849,628 | 4,766,796 | 1,912,054 | 2,817,358 |
| total assets | 16,833,011 | 20,197,846 | 23,351,734 | 27,566,334 | 19,735,061 | 21,768,739 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 387,667 | 432,856 | 33,888 | 2,302,567 | 275,643 | 681,482 |
| Group/Directors Accounts | 7 | 7 | 1,253,140 | 866,911 | 866,911 | 847,912 |
| other short term finances | 22,559,309 | 24,687,136 | 25,866,513 | 25,237,183 | 20,157,972 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,154,475 | 2,608,567 | 2,466,099 | 2,299,025 | 925,018 | 2,728,936 |
| total current liabilities | 25,101,458 | 27,728,566 | 29,619,640 | 30,705,686 | 22,225,544 | 4,258,330 |
| loans | 0 | 0 | 0 | 0 | 0 | 16,540,009 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 197,025 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 16,737,034 |
| total liabilities | 25,101,458 | 27,728,566 | 29,619,640 | 30,705,686 | 22,225,544 | 20,995,364 |
| net assets | -8,268,447 | -7,530,720 | -6,267,906 | -3,139,352 | -2,490,483 | 773,375 |
| total shareholders funds | -8,268,447 | -7,530,720 | -6,267,906 | -3,139,352 | -2,490,483 | 773,375 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 1,286,996 | 14,060 | -983,120 | 1,180,453 | 1,663,122 | 1,971,238 |
| Depreciation | 2,221,177 | 2,229,008 | 2,011,053 | 1,623,323 | 1,279,568 | 522,370 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 197,025 | -197,025 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -618,017 | 273,532 | 68,768 | -632,548 | 1,584,351 | 2,318,282 |
| Creditors | -45,189 | 398,968 | -2,268,679 | 2,026,924 | 275,643 | 681,482 |
| Accruals and Deferred Income | -454,092 | 142,468 | 167,074 | 1,374,007 | 925,018 | 2,728,936 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 197,025 |
| Cash flow from operations | 3,626,909 | 2,510,972 | -1,142,440 | 6,837,255 | 2,756,025 | 3,585,744 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | -1,404,524 | |
| Change in Investments | 0 | -856,537 | 0 | 0 | 856,537 | 856,537 |
| cash flow from investments | 0 | 856,537 | 0 | 0 | -2,261,061 | |
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -1,253,133 | 386,229 | 0 | 866,911 | 847,912 |
| Other Short Term Loans | -2,127,827 | -1,179,377 | 629,330 | 5,079,211 | 20,157,972 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 16,540,009 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -2,024,723 | -2,147,172 | -2,145,434 | -1,829,322 | -5,124,005 | -1,000,843 |
| cash flow from financing | -4,152,550 | -4,579,682 | -1,129,875 | 3,249,889 | 16,674,253 | 16,387,083 |
| cash and cash equivalents | ||||||
| cash | -536,321 | 401,081 | -2,985,936 | 3,487,290 | 327,703 | 499,076 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -536,321 | 401,081 | -2,985,936 | 3,487,290 | 327,703 | 499,076 |
P&L
December 2022turnover
5m
+19%
operating profit
1.3m
+9054%
gross margin
81.7%
-0.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-8.3m
+0.1%
total assets
16.8m
-0.17%
cash
693.8k
-0.44%
net assets
Total assets minus all liabilities
hc ess2 limited company details
company number
10610190
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
February 2017
age
7
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
c/o gresham house asset manageme, 5 new street square, london, EC4A 3TW
last accounts submitted
December 2022
hc ess2 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 hc ess2 limited.
hc ess2 limited Companies House Filings - See Documents
| date | description | view/download |
|---|
