humber gathering system limited
humber gathering system limited Company Information
Company Number
11110577
Next Accounts
Sep 2025
Shareholders
hgs parentco limited
Group Structure
View All
Industry
Support activities for petroleum and natural gas extraction
Registered Address
suite 1, 7th floor 50 broadway, london, SW1H 0BL
Website
www.kellasmidstream.comhumber gathering system limited Estimated Valuation
Pomanda estimates the enterprise value of HUMBER GATHERING SYSTEM LIMITED at £176.4m based on a Turnover of £90.1m and 1.96x industry multiple (adjusted for size and gross margin).
humber gathering system limited Estimated Valuation
Pomanda estimates the enterprise value of HUMBER GATHERING SYSTEM LIMITED at £524.2m based on an EBITDA of £81m and a 6.47x industry multiple (adjusted for size and gross margin).
humber gathering system limited Estimated Valuation
Pomanda estimates the enterprise value of HUMBER GATHERING SYSTEM LIMITED at £104.8m based on Net Assets of £75.2m and 1.4x industry multiple (adjusted for liquidity).
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Humber Gathering System Limited Overview
Humber Gathering System Limited is a live company located in london, SW1H 0BL with a Companies House number of 11110577. It operates in the support activities for petroleum and natural gas mining sector, SIC Code 09100. Founded in December 2017, it's largest shareholder is hgs parentco limited with a 100% stake. Humber Gathering System Limited is a young, large sized company, Pomanda has estimated its turnover at £90.1m with unknown growth in recent years.
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Humber Gathering System Limited Health Check
Pomanda's financial health check has awarded Humber Gathering System Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
2 Weak
Size
annual sales of £90.1m, make it larger than the average company (£17.1m)
£90.1m - Humber Gathering System Limited
£17.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Humber Gathering System Limited
- - Industry AVG
Production
with a gross margin of 76.8%, this company has a lower cost of product (24.8%)
76.8% - Humber Gathering System Limited
24.8% - Industry AVG
Profitability
an operating margin of 76.4% make it more profitable than the average company (6.5%)
76.4% - Humber Gathering System Limited
6.5% - Industry AVG
Employees
with 410 employees, this is above the industry average (41)
- Humber Gathering System Limited
41 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Humber Gathering System Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £219.7k, this is equally as efficient (£220.2k)
- Humber Gathering System Limited
£220.2k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is near the average (55 days)
61 days - Humber Gathering System Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is slower than average (28 days)
34 days - Humber Gathering System Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Humber Gathering System Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (6 weeks)
5 weeks - Humber Gathering System Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.9%, this is a higher level of debt than the average (55.1%)
76.9% - Humber Gathering System Limited
55.1% - Industry AVG
HUMBER GATHERING SYSTEM LIMITED financials
Humber Gathering System Limited's latest turnover from December 2023 is £90.1 million and the company has net assets of £75.2 million. According to their latest financial statements, we estimate that Humber Gathering System Limited has 410 employees and maintains cash reserves of £21.5 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 | |
|---|---|---|---|---|---|---|
| Turnover | 90,097,000 | 69,675,000 | ||||
| Other Income Or Grants | ||||||
| Cost Of Sales | 20,877,000 | 19,590,000 | ||||
| Gross Profit | 69,220,000 | 50,085,000 | ||||
| Admin Expenses | 338,000 | 250,000 | 96,000 | 282,000 | 167,000 | 5,613,000 |
| Operating Profit | 68,882,000 | 49,835,000 | -96,000 | -282,000 | -167,000 | -5,613,000 |
| Interest Payable | 389,000 | 304,000 | 1,023,000 | 182,000 | 47,000 | 299,000 |
| Interest Receivable | 424,000 | 11,000 | 1,000 | |||
| Pre-Tax Profit | 68,917,000 | 49,542,000 | -1,119,000 | -464,000 | -213,000 | -5,912,000 |
| Tax | -7,874,000 | -10,249,000 | -18,705,000 | 1,269,000 | -33,000 | |
| Profit After Tax | 61,043,000 | 39,293,000 | -19,824,000 | 805,000 | -246,000 | -5,912,000 |
| Dividends Paid | ||||||
| Retained Profit | 61,043,000 | 39,293,000 | -19,824,000 | 805,000 | -246,000 | -5,912,000 |
| Employee Costs | ||||||
| Number Of Employees | ||||||
| EBITDA* | 81,027,000 | 62,106,000 | -96,000 | -282,000 | -167,000 | -5,613,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 174,578,000 | 186,972,000 | 193,835,000 | 170,351,000 | 82,490,000 | 27,117,000 |
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | 1,397,000 | |||||
| Total Fixed Assets | 174,578,000 | 186,972,000 | 193,835,000 | 168,954,000 | 82,490,000 | 27,117,000 |
| Stock & work in progress | ||||||
| Trade Debtors | 15,124,000 | 227,000 | ||||
| Group Debtors | 105,653,000 | 40,504,000 | ||||
| Misc Debtors | 8,366,000 | 14,016,000 | 3,523,000 | 5,286,000 | 5,126,000 | 727,000 |
| Cash | 21,476,000 | 23,631,000 | 17,703,000 | 9,316,000 | 4,086,000 | 1,912,000 |
| misc current assets | ||||||
| total current assets | 150,619,000 | 78,378,000 | 21,226,000 | 14,602,000 | 9,212,000 | 2,639,000 |
| total assets | 325,197,000 | 265,350,000 | 215,061,000 | 183,556,000 | 91,702,000 | 29,756,000 |
| Bank overdraft | ||||||
| Bank loan | 38,512,000 | 183,000 | ||||
| Trade Creditors | 1,969,000 | 2,469,000 | 3,027,000 | 3,806,000 | ||
| Group/Directors Accounts | 198,226,000 | 204,516,000 | 2,220,000 | |||
| other short term finances | 2,717,000 | |||||
| hp & lease commitments | ||||||
| other current liabilities | 19,664,000 | 14,162,000 | 207,363,000 | 10,404,000 | 22,776,000 | 15,804,000 |
| total current liabilities | 219,859,000 | 221,147,000 | 210,390,000 | 52,722,000 | 27,713,000 | 16,037,000 |
| loans | 257,034,000 | 70,308,000 | 39,362,000 | |||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | 30,179,000 | 30,087,000 | 59,696,000 | 16,712,000 | ||
| total long term liabilities | 30,179,000 | 30,087,000 | 29,848,000 | 136,873,000 | 70,308,000 | 19,681,000 |
| total liabilities | 250,038,000 | 251,234,000 | 240,238,000 | 189,595,000 | 98,021,000 | 35,718,000 |
| net assets | 75,159,000 | 14,116,000 | -25,177,000 | -6,039,000 | -6,319,000 | -5,962,000 |
| total shareholders funds | 75,159,000 | 14,116,000 | -25,177,000 | -6,039,000 | -6,319,000 | -5,912,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 68,882,000 | 49,835,000 | -96,000 | -282,000 | -167,000 | -5,613,000 |
| Depreciation | 12,145,000 | 12,271,000 | ||||
| Amortisation | ||||||
| Tax | -7,874,000 | -10,249,000 | -18,705,000 | 1,269,000 | -33,000 | |
| Stock | ||||||
| Debtors | 74,396,000 | 51,224,000 | -3,160,000 | 1,557,000 | 4,399,000 | 727,000 |
| Creditors | -500,000 | -558,000 | -779,000 | 3,806,000 | ||
| Accruals and Deferred Income | 5,502,000 | -193,201,000 | 196,959,000 | -12,372,000 | 6,972,000 | 15,804,000 |
| Deferred Taxes & Provisions | 92,000 | -29,609,000 | 42,984,000 | 16,712,000 | ||
| Cash flow from operations | 3,851,000 | -222,735,000 | 223,523,000 | 7,576,000 | 2,373,000 | 9,464,000 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | -38,512,000 | 38,512,000 | -183,000 | 183,000 | ||
| Group/Directors Accounts | -6,290,000 | 204,516,000 | -2,220,000 | 2,220,000 | ||
| Other Short Term Loans | -2,717,000 | 2,717,000 | ||||
| Long term loans | -257,034,000 | 186,726,000 | 30,946,000 | 39,362,000 | ||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | 35,000 | -293,000 | -1,023,000 | -182,000 | -46,000 | -299,000 |
| cash flow from financing | -6,255,000 | 204,223,000 | -295,883,000 | 219,594,000 | 35,493,000 | 39,246,000 |
| cash and cash equivalents | ||||||
| cash | -2,155,000 | 5,928,000 | 8,387,000 | 5,230,000 | 2,174,000 | 1,912,000 |
| overdraft | ||||||
| change in cash | -2,155,000 | 5,928,000 | 8,387,000 | 5,230,000 | 2,174,000 | 1,912,000 |
humber gathering system limited Credit Report and Business Information
Humber Gathering System Limited Competitor Analysis
Perform a competitor analysis for humber gathering system limited by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other large companies, companies in SW1H area or any other competitors across 12 key performance metrics.
humber gathering system limited Ownership
HUMBER GATHERING SYSTEM LIMITED group structure
Humber Gathering System Limited has no subsidiary companies.
Ultimate parent company
SILVERSTREAM HOLDINGS LTD
#0119497
2 parents
HUMBER GATHERING SYSTEM LIMITED
11110577
humber gathering system limited directors
Humber Gathering System Limited currently has 3 directors. The longest serving directors include Mr Thomas Luypaert (Jan 2020) and Mr Nathan Morgan (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Luypaert | United Kingdom | 38 years | Jan 2020 | - | Director |
| Mr Nathan Morgan | Scotland | 47 years | Feb 2023 | - | Director |
| Mr Ralph McIntosh | Scotland | 39 years | Mar 2025 | - | Director |
P&L
December 2023turnover
90.1m
+29%
operating profit
68.9m
+38%
gross margin
76.9%
+6.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
75.2m
+4.32%
total assets
325.2m
+0.23%
cash
21.5m
-0.09%
net assets
Total assets minus all liabilities
humber gathering system limited company details
company number
11110577
Type
Private limited with Share Capital
industry
09100 - Support activities for petroleum and natural gas extraction
incorporation date
December 2017
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
suite 1, 7th floor 50 broadway, london, SW1H 0BL
Bank
-
Legal Advisor
-
humber gathering system 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 5 charges/mortgages relating to humber gathering system limited. Currently there are 2 open charges and 3 have been satisfied in the past.
humber gathering system 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 HUMBER GATHERING SYSTEM LIMITED. This can take several minutes, an email will notify you when this has completed.
humber gathering system limited Companies House Filings - See Documents
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