ineos fps limited
ineos fps limited Company Information
Company Number
10660338
Website
www.ineos.comRegistered Address
hawkslease chapel lane, lyndhurst, SO43 7FG
Industry
Mineral oil refining
Extraction of crude petroleum
Telephone
02380287200
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ineos industries holdings limited 100%
ineos fps limited Estimated Valuation
Pomanda estimates the enterprise value of INEOS FPS LIMITED at £323m based on a Turnover of £406.4m and 0.79x industry multiple (adjusted for size and gross margin).
ineos fps limited Estimated Valuation
Pomanda estimates the enterprise value of INEOS FPS LIMITED at £218.4m based on an EBITDA of £74.3m and a 2.94x industry multiple (adjusted for size and gross margin).
ineos fps limited Estimated Valuation
Pomanda estimates the enterprise value of INEOS FPS LIMITED at £66.2m based on Net Assets of £145.7m and 0.45x industry multiple (adjusted for liquidity).
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Ineos Fps Limited Overview
Ineos Fps Limited is a live company located in lyndhurst, SO43 7FG with a Companies House number of 10660338. It operates in the extraction of crude petroleum sector, SIC Code 06100. Founded in March 2017, it's largest shareholder is ineos industries holdings limited with a 100% stake. Ineos Fps Limited is a young, mega sized company, Pomanda has estimated its turnover at £406.4m with healthy growth in recent years.
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Ineos Fps Limited Health Check
Pomanda's financial health check has awarded Ineos Fps Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £406.4m, make it larger than the average company (£163.4m)
£406.4m - Ineos Fps Limited
£163.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (5.6%)
4% - Ineos Fps Limited
5.6% - Industry AVG
Production
with a gross margin of 11.4%, this company has a higher cost of product (29.6%)
11.4% - Ineos Fps Limited
29.6% - Industry AVG
Profitability
an operating margin of 11.5% make it less profitable than the average company (18.5%)
11.5% - Ineos Fps Limited
18.5% - Industry AVG
Employees
with 488 employees, this is above the industry average (153)
488 - Ineos Fps Limited
153 - Industry AVG
Pay Structure
on an average salary of £97.8k, the company has an equivalent pay structure (£106.5k)
£97.8k - Ineos Fps Limited
£106.5k - Industry AVG
Efficiency
resulting in sales per employee of £832.9k, this is less efficient (£1.3m)
£832.9k - Ineos Fps Limited
£1.3m - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (16 days)
10 days - Ineos Fps Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is slower than average (27 days)
31 days - Ineos Fps Limited
27 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (21 days)
5 days - Ineos Fps Limited
21 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is more cash available to meet short term requirements (4 weeks)
6 weeks - Ineos Fps Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.9%, this is a similar level of debt than the average (68%)
73.9% - Ineos Fps Limited
68% - Industry AVG
INEOS FPS LIMITED financials
Ineos Fps Limited's latest turnover from December 2022 is £406.4 million and the company has net assets of £145.7 million. According to their latest financial statements, Ineos Fps Limited has 488 employees and maintains cash reserves of £13.8 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 | |
|---|---|---|---|---|---|---|
| Turnover | 406,444,000 | 305,403,000 | 308,060,000 | 356,443,000 | 403,048,000 | 53,400,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 360,292,000 | 220,044,000 | 263,714,000 | 269,348,000 | 316,922,000 | 48,845,000 |
| Gross Profit | 46,152,000 | 85,359,000 | 44,346,000 | 87,095,000 | 86,126,000 | 4,555,000 |
| Admin Expenses | -577,000 | 3,348,000 | 6,326,000 | 7,150,000 | 6,496,000 | 23,060,000 |
| Operating Profit | 46,729,000 | 82,011,000 | 38,020,000 | 79,945,000 | 79,630,000 | -18,505,000 |
| Interest Payable | 9,157,000 | 7,623,000 | 7,282,000 | 3,406,000 | 6,288,000 | 871,000 |
| Interest Receivable | 7,529,000 | 3,179,000 | 1,394,000 | 649,000 | 31,000 | 1,275,000 |
| Pre-Tax Profit | 45,101,000 | 77,572,000 | 32,132,000 | 77,188,000 | 71,412,000 | -18,101,000 |
| Tax | -7,792,000 | -17,174,000 | -5,697,000 | -12,376,000 | -15,089,000 | -377,000 |
| Profit After Tax | 37,309,000 | 60,398,000 | 26,435,000 | 64,812,000 | 56,323,000 | -18,478,000 |
| Dividends Paid | 0 | 0 | 81,125,000 | 0 | 0 | 0 |
| Retained Profit | 37,309,000 | 60,398,000 | -54,690,000 | 64,812,000 | 56,323,000 | -18,478,000 |
| Employee Costs | 47,739,000 | 49,018,000 | 50,469,000 | 45,554,000 | 40,370,000 | 6,058,000 |
| Number Of Employees | 488 | 492 | 501 | 454 | 315 | 296 |
| EBITDA* | 74,316,000 | 106,726,000 | 60,235,000 | 102,216,000 | 99,785,000 | -15,114,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 373,090,000 | 331,283,000 | 299,661,000 | 263,280,000 | 239,923,000 | 253,928,000 |
| Intangible Assets | 1,548,000 | 332,000 | 731,000 | 1,130,000 | 1,529,000 | 2,732,000 |
| Investments & Other | 82,848,000 | 37,041,000 | 17,898,000 | 3,000 | 4,000 | 4,000 |
| Debtors (Due After 1 year) | 33,327,000 | 42,538,000 | 61,452,000 | 0 | 0 | 0 |
| Total Fixed Assets | 490,813,000 | 411,194,000 | 379,742,000 | 264,413,000 | 241,456,000 | 256,664,000 |
| Stock & work in progress | 5,622,000 | 4,574,000 | 3,874,000 | 3,513,000 | 3,397,000 | 2,971,000 |
| Trade Debtors | 11,432,000 | 19,608,000 | 15,113,000 | 16,691,000 | 17,192,000 | 15,874,000 |
| Group Debtors | 6,829,000 | 7,915,000 | 6,125,000 | 88,916,000 | 36,331,000 | 3,669,000 |
| Misc Debtors | 29,726,000 | 21,466,000 | 17,766,000 | 15,329,000 | 24,989,000 | 16,213,000 |
| Cash | 13,795,000 | 12,463,000 | 12,671,000 | 2,197,000 | 608,000 | 27,708,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 67,404,000 | 66,026,000 | 55,549,000 | 126,646,000 | 82,517,000 | 66,435,000 |
| total assets | 558,217,000 | 477,220,000 | 435,291,000 | 391,059,000 | 323,973,000 | 323,099,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 30,618,000 | 25,793,000 | 18,759,000 | 22,320,000 | 26,722,000 | 37,177,000 |
| Group/Directors Accounts | 6,020,000 | 2,566,000 | 4,801,000 | 7,643,000 | 8,439,000 | 76,818,000 |
| other short term finances | 29,920,000 | 8,920,000 | 10,000,000 | 0 | 0 | 0 |
| hp & lease commitments | 2,440,000 | 2,310,000 | 2,182,000 | 1,824,000 | 0 | 0 |
| other current liabilities | 48,300,000 | 42,580,000 | 38,647,000 | 58,904,000 | 55,395,000 | 33,784,000 |
| total current liabilities | 117,298,000 | 82,169,000 | 74,389,000 | 90,691,000 | 90,556,000 | 147,779,000 |
| loans | 78,152,000 | 109,454,000 | 103,983,000 | 4,151,000 | 0 | 0 |
| hp & lease commitments | 14,188,000 | 12,911,000 | 14,538,000 | 15,022,000 | 0 | 0 |
| Accruals and Deferred Income | 41,960,000 | 27,730,000 | 15,885,000 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 160,945,000 | 136,591,000 | 178,529,000 | 178,538,000 | 195,572,000 | 193,798,000 |
| total long term liabilities | 295,245,000 | 286,686,000 | 312,935,000 | 197,711,000 | 195,572,000 | 193,798,000 |
| total liabilities | 412,543,000 | 368,855,000 | 387,324,000 | 288,402,000 | 286,128,000 | 341,577,000 |
| net assets | 145,674,000 | 108,365,000 | 47,967,000 | 102,657,000 | 37,845,000 | -18,478,000 |
| total shareholders funds | 145,674,000 | 108,365,000 | 47,967,000 | 102,657,000 | 37,845,000 | -18,478,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 46,729,000 | 82,011,000 | 38,020,000 | 79,945,000 | 79,630,000 | -18,505,000 |
| Depreciation | 27,251,000 | 24,316,000 | 21,816,000 | 21,872,000 | 19,783,000 | 3,297,000 |
| Amortisation | 336,000 | 399,000 | 399,000 | 399,000 | 372,000 | 94,000 |
| Tax | -7,792,000 | -17,174,000 | -5,697,000 | -12,376,000 | -15,089,000 | -377,000 |
| Stock | 1,048,000 | 700,000 | 361,000 | 116,000 | 426,000 | 2,971,000 |
| Debtors | -10,213,000 | -8,929,000 | -20,480,000 | 42,424,000 | 42,756,000 | 35,756,000 |
| Creditors | 4,825,000 | 7,034,000 | -3,561,000 | -4,402,000 | -10,455,000 | 37,177,000 |
| Accruals and Deferred Income | 19,950,000 | 15,778,000 | -4,372,000 | 3,509,000 | 21,611,000 | 33,784,000 |
| Deferred Taxes & Provisions | 24,354,000 | -41,938,000 | -9,000 | -17,034,000 | 1,774,000 | 193,798,000 |
| Cash flow from operations | 124,818,000 | 78,655,000 | 66,715,000 | 29,373,000 | 54,444,000 | 210,541,000 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | ||
| Change in Investments | 45,807,000 | 19,143,000 | 17,895,000 | -1,000 | 0 | 4,000 |
| cash flow from investments | -45,807,000 | -19,143,000 | -17,895,000 | 1,000 | ||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,454,000 | -2,235,000 | -2,842,000 | -796,000 | -68,379,000 | 76,818,000 |
| Other Short Term Loans | 21,000,000 | -1,080,000 | 10,000,000 | 0 | 0 | 0 |
| Long term loans | -31,302,000 | 5,471,000 | 99,832,000 | 4,151,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | 1,407,000 | -1,499,000 | -126,000 | 16,846,000 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -1,628,000 | -4,444,000 | -5,888,000 | -2,757,000 | -6,257,000 | 404,000 |
| cash flow from financing | -7,069,000 | -3,787,000 | 100,976,000 | 17,444,000 | -74,636,000 | 77,222,000 |
| cash and cash equivalents | ||||||
| cash | 1,332,000 | -208,000 | 10,474,000 | 1,589,000 | -27,100,000 | 27,708,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,332,000 | -208,000 | 10,474,000 | 1,589,000 | -27,100,000 | 27,708,000 |
ineos fps limited Credit Report and Business Information
Ineos Fps Limited Competitor Analysis
Perform a competitor analysis for ineos fps limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other mega companies, companies in SO43 area or any other competitors across 12 key performance metrics.
ineos fps limited Ownership
INEOS FPS LIMITED group structure
Ineos Fps Limited has 1 subsidiary company.
Ultimate parent company
INEOS LTD
#0101593
2 parents
INEOS FPS LIMITED
10660338
1 subsidiary
ineos fps limited directors
Ineos Fps Limited currently has 4 directors. The longest serving directors include Mr Andrew Gardner (Jul 2017) and Mr Christopher Mound (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Gardner | 57 years | Jul 2017 | - | Director | |
| Mr Christopher Mound | United Kingdom | 42 years | Mar 2019 | - | Director |
| Mr Gareth Raymond | United Kingdom | 54 years | Nov 2020 | - | Director |
| Mr Ewan MacAngus | United Kingdom | 53 years | Aug 2021 | - | Director |
P&L
December 2022turnover
406.4m
+33%
operating profit
46.7m
-43%
gross margin
11.4%
-59.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
145.7m
+0.34%
total assets
558.2m
+0.17%
cash
13.8m
+0.11%
net assets
Total assets minus all liabilities
ineos fps limited company details
company number
10660338
Type
Private limited with Share Capital
industry
19201 - Mineral oil refining
06100 - Extraction of crude petroleum
incorporation date
March 2017
age
7
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
hawkslease chapel lane, lyndhurst, SO43 7FG
accountant
-
auditor
DELOITTE LLP
ineos fps 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 80 charges/mortgages relating to ineos fps limited. Currently there are 41 open charges and 39 have been satisfied in the past.
ineos fps limited Companies House Filings - See Documents
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