eunetworks holdings 2 limited
eunetworks holdings 2 limited Company Information
Company Number
11030867
Website
http://eunetworks.comRegistered Address
5 churchill place, london, E14 5HU
Industry
Wired telecommunications activities
Telephone
02079521300
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
eunetworks holdings 3 limited 57.7%
eunetworks holdings 4 limited 42.3%
eunetworks holdings 2 limited Estimated Valuation
Pomanda estimates the enterprise value of EUNETWORKS HOLDINGS 2 LIMITED at £553m based on a Turnover of £187m and 2.96x industry multiple (adjusted for size and gross margin).
eunetworks holdings 2 limited Estimated Valuation
Pomanda estimates the enterprise value of EUNETWORKS HOLDINGS 2 LIMITED at £1.3b based on an EBITDA of £122m and a 10.99x industry multiple (adjusted for size and gross margin).
eunetworks holdings 2 limited Estimated Valuation
Pomanda estimates the enterprise value of EUNETWORKS HOLDINGS 2 LIMITED at £1.4b based on Net Assets of £534.9m and 2.58x industry multiple (adjusted for liquidity).
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Eunetworks Holdings 2 Limited Overview
Eunetworks Holdings 2 Limited is a live company located in london, E14 5HU with a Companies House number of 11030867. It operates in the wired telecommunications activities sector, SIC Code 61100. Founded in October 2017, it's largest shareholder is eunetworks holdings 3 limited with a 57.7% stake. Eunetworks Holdings 2 Limited is a young, mega sized company, Pomanda has estimated its turnover at £187m with healthy growth in recent years.
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Eunetworks Holdings 2 Limited Health Check
Pomanda's financial health check has awarded Eunetworks Holdings 2 Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
0 Regular
3 Weak
Size
annual sales of £187m, make it larger than the average company (£3.8m)
£187m - Eunetworks Holdings 2 Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.5%)
9% - Eunetworks Holdings 2 Limited
4.5% - Industry AVG
Production
with a gross margin of 94.8%, this company has a lower cost of product (42.8%)
94.8% - Eunetworks Holdings 2 Limited
42.8% - Industry AVG
Profitability
an operating margin of -20.5% make it less profitable than the average company (2.5%)
-20.5% - Eunetworks Holdings 2 Limited
2.5% - Industry AVG
Employees
with 356 employees, this is above the industry average (47)
356 - Eunetworks Holdings 2 Limited
47 - Industry AVG
Pay Structure
on an average salary of £113.9k, the company has a higher pay structure (£49.7k)
£113.9k - Eunetworks Holdings 2 Limited
£49.7k - Industry AVG
Efficiency
resulting in sales per employee of £525.4k, this is more efficient (£147.1k)
£525.4k - Eunetworks Holdings 2 Limited
£147.1k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is later than average (41 days)
49 days - Eunetworks Holdings 2 Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 2262 days, this is slower than average (59 days)
2262 days - Eunetworks Holdings 2 Limited
59 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Eunetworks Holdings 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is more cash available to meet short term requirements (14 weeks)
17 weeks - Eunetworks Holdings 2 Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.2%, this is a lower level of debt than the average (67.4%)
60.2% - Eunetworks Holdings 2 Limited
67.4% - Industry AVG
eunetworks holdings 2 limited Credit Report and Business Information
Eunetworks Holdings 2 Limited Competitor Analysis
Perform a competitor analysis for eunetworks holdings 2 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
eunetworks holdings 2 limited Ownership
EUNETWORKS HOLDINGS 2 LIMITED group structure
Eunetworks Holdings 2 Limited has 1 subsidiary company.
Ultimate parent company
STONEPEAK INFRASTRUCTURE FUND II CAYMAN
#0119473
EUNETWORKS HOLDINGS 4 LTD
#0072599
2 parents
EUNETWORKS HOLDINGS 2 LIMITED
11030867
1 subsidiary
eunetworks holdings 2 limited directors
Eunetworks Holdings 2 Limited currently has 4 directors. The longest serving directors include Mr Richard Taylor (Jan 2018) and Ms Katherine Alexakis (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Taylor | United Kingdom | 50 years | Jan 2018 | - | Director |
| Ms Katherine Alexakis | England | 39 years | Dec 2021 | - | Director |
| Mr Cyrus Gentry | United Kingdom | 35 years | Feb 2022 | - | Director |
| Ms Paula Cogan | England | 61 years | Dec 2022 | - | Director |
EUNETWORKS HOLDINGS 2 LIMITED financials
Eunetworks Holdings 2 Limited's latest turnover from December 2022 is £187 million and the company has net assets of £534.9 million. According to their latest financial statements, Eunetworks Holdings 2 Limited has 356 employees and maintains cash reserves of £36 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Turnover | 187,048,481 | 168,683,088 | 155,348,270 | 144,732,297 | 134,948,097 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 9,661,415 | 9,400,296 | 8,281,754 | 16,062,176 | 29,320,707 |
| Gross Profit | 177,387,066 | 159,282,792 | 147,066,516 | 128,670,121 | 105,627,390 |
| Admin Expenses | 215,771,608 | 212,899,295 | 199,895,389 | 189,723,662 | 167,546,895 |
| Operating Profit | -38,384,542 | -53,616,503 | -52,828,873 | -61,053,541 | -61,919,505 |
| Interest Payable | 24,719,297 | 22,891,461 | 17,696,801 | 15,716,753 | 14,022,947 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -63,103,838 | -76,507,964 | -70,525,673 | -76,770,294 | -75,942,451 |
| Tax | 41,866,133 | 13,491,165 | 1,569,174 | 6,908,463 | 12,657,075 |
| Profit After Tax | -21,237,706 | -63,016,799 | -68,956,499 | -69,861,831 | -63,285,376 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -21,237,706 | -63,016,799 | -68,956,499 | -69,861,831 | -63,285,376 |
| Employee Costs | 40,560,536 | 45,347,724 | 41,670,299 | 31,519,862 | 30,140,229 |
| Number Of Employees | 356 | 348 | 324 | 312 | 297 |
| EBITDA* | 122,029,767 | 94,873,357 | 83,340,598 | 73,056,994 | 40,611,910 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 951,344,765 | 945,077,901 | 926,074,449 | 889,637,306 | 833,090,512 |
| Intangible Assets | 318,391,505 | 321,002,698 | 277,220,818 | 270,725,389 | 284,829,721 |
| Investments & Other | 15,841,239 | 8,268,778 | 0 | 2,331,606 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 2,702,467 | 518,134 | 0 |
| Total Fixed Assets | 1,269,736,269 | 1,266,080,598 | 1,203,295,266 | 1,160,362,694 | 1,117,920,233 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 25,589,694 | 23,152,581 | 16,214,803 | 17,012,090 | 21,671,827 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 12,272,608 | 17,582,034 | 10,722,692 | 9,930,915 | 2,458,568 |
| Cash | 36,034,467 | 117,068,500 | 25,804,201 | 20,466,321 | 11,018,029 |
| misc current assets | 0 | 0 | 0 | 86,356 | 4,643,963 |
| total current assets | 73,896,771 | 157,803,116 | 52,828,873 | 47,495,682 | 39,792,388 |
| total assets | 1,343,633,040 | 1,423,883,714 | 1,256,124,139 | 1,207,858,376 | 1,157,712,621 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 59,883,367 | 131,517,103 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 31,247,280 | 28,113,848 | 26,675,965 | 23,402,417 | 0 |
| other current liabilities | 15,754,199 | 23,848,898 | 60,413,215 | 63,989,636 | 57,912,947 |
| total current liabilities | 106,884,846 | 183,479,850 | 87,089,181 | 87,392,055 | 57,912,948 |
| loans | 1,144,747,147 | 1,073,896,770 | 873,681,456 | 735,924,006 | 571,116,372 |
| hp & lease commitments | 100,879,101 | 92,175,124 | 84,561,067 | 66,407,599 | 0 |
| Accruals and Deferred Income | 75,550,526 | 62,146,400 | 35,044,895 | 31,174,438 | 25,496,266 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 107,755,243 | 185,916,963 | 175,398,829 | 174,611,398 | 200,509,924 |
| total long term liabilities | 701,801,723 | 692,053,268 | 559,585,040 | 486,442,141 | 411,309,415 |
| total liabilities | 808,686,569 | 875,533,118 | 646,674,221 | 573,834,196 | 469,222,363 |
| net assets | 534,946,470 | 548,350,596 | 609,449,917 | 634,024,180 | 688,490,257 |
| total shareholders funds | 534,946,471 | 548,350,596 | 609,449,917 | 634,024,180 | 688,490,257 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -38,384,542 | -53,616,503 | -52,828,873 | -61,053,541 | -61,919,505 |
| Depreciation | 154,756,724 | 143,093,394 | 136,169,471 | 129,101,900 | 97,523,220 |
| Amortisation | 5,657,585 | 5,396,466 | 0 | 5,008,635 | 5,008,195 |
| Tax | 41,866,133 | 13,491,165 | 1,569,174 | 6,908,463 | 12,657,075 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -2,872,312 | 11,094,654 | 2,178,822 | 3,330,744 | 24,130,395 |
| Creditors | -71,633,737 | 131,517,103 | 0 | 0 | 0 |
| Accruals and Deferred Income | 5,309,427 | -9,462,812 | 294,036 | 11,754,861 | 83,409,213 |
| Deferred Taxes & Provisions | -78,161,720 | 10,518,134 | 787,431 | -25,898,526 | 200,509,924 |
| Cash flow from operations | 22,282,182 | 229,842,293 | 83,812,417 | 62,491,048 | 313,057,727 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 7,572,461 | 8,268,778 | -2,331,606 | 2,331,606 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 70,850,377 | 200,215,314 | 137,757,450 | 164,807,634 | 571,116,372 |
| Hire Purchase and Lease Commitments | 11,837,409 | 9,051,940 | 21,427,016 | 89,810,016 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -24,719,297 | -22,891,461 | -17,696,801 | -15,716,753 | -14,022,947 |
| cash flow from financing | 65,802,069 | 188,293,271 | 185,869,902 | 254,296,651 | 1,308,869,058 |
| cash and cash equivalents | |||||
| cash | -81,034,033 | 91,264,299 | 5,337,880 | 9,448,292 | 11,018,029 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -81,034,033 | 91,264,299 | 5,337,880 | 9,448,292 | 11,018,029 |
P&L
December 2022turnover
187m
+11%
operating profit
-38.4m
-28%
gross margin
94.9%
+0.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
534.9m
-0.02%
total assets
1.3b
-0.06%
cash
36m
-0.69%
net assets
Total assets minus all liabilities
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eunetworks holdings 2 limited company details
company number
11030867
Type
Private limited with Share Capital
industry
61100 - Wired telecommunications activities
incorporation date
October 2017
age
7
accounts
Group
ultimate parent company
previous names
stonepeak spear newco (uk) ltd (April 2018)
incorporated
UK
address
5 churchill place, london, E14 5HU
last accounts submitted
December 2022
eunetworks holdings 2 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 2 charges/mortgages relating to eunetworks holdings 2 limited. Currently there are 1 open charges and 1 have been satisfied in the past.
eunetworks holdings 2 limited Companies House Filings - See Documents
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