orsted hornsea 1 holdings limited Company Information
Company Number
11116433
Next Accounts
Sep 2025
Industry
Other business support service activities n.e.c.
Shareholders
orsted power (uk) limited
Group Structure
View All
Contact
Registered Address
5 howick place, london, SW1P 1WG
Website
https://orsted.co.uk/enorsted hornsea 1 holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ORSTED HORNSEA 1 HOLDINGS LIMITED at £613.3m based on a Turnover of £448.6m and 1.37x industry multiple (adjusted for size and gross margin).
orsted hornsea 1 holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ORSTED HORNSEA 1 HOLDINGS LIMITED at £3.7b based on an EBITDA of £363.9m and a 10.08x industry multiple (adjusted for size and gross margin).
orsted hornsea 1 holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ORSTED HORNSEA 1 HOLDINGS LIMITED at £952.3m based on Net Assets of £405.4m and 2.35x industry multiple (adjusted for liquidity).
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Orsted Hornsea 1 Holdings Limited Overview
Orsted Hornsea 1 Holdings Limited is a live company located in london, SW1P 1WG with a Companies House number of 11116433. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2017, it's largest shareholder is orsted power (uk) limited with a 100% stake. Orsted Hornsea 1 Holdings Limited is a young, mega sized company, Pomanda has estimated its turnover at £448.6m with high growth in recent years.
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Orsted Hornsea 1 Holdings Limited Health Check
Pomanda's financial health check has awarded Orsted Hornsea 1 Holdings Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
3 Weak
Size
annual sales of £448.6m, make it larger than the average company (£4.7m)
£448.6m - Orsted Hornsea 1 Holdings Limited
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.6%)
17% - Orsted Hornsea 1 Holdings Limited
6.6% - Industry AVG
Production
with a gross margin of 49.7%, this company has a lower cost of product (38.2%)
49.7% - Orsted Hornsea 1 Holdings Limited
38.2% - Industry AVG
Profitability
an operating margin of 37.6% make it more profitable than the average company (5.7%)
37.6% - Orsted Hornsea 1 Holdings Limited
5.7% - Industry AVG
Employees
with 2630 employees, this is above the industry average (26)
- Orsted Hornsea 1 Holdings Limited
26 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Orsted Hornsea 1 Holdings Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £170.6k, this is equally as efficient (£170.6k)
- Orsted Hornsea 1 Holdings Limited
£170.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Orsted Hornsea 1 Holdings Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (31 days)
19 days - Orsted Hornsea 1 Holdings Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Orsted Hornsea 1 Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (22 weeks)
14 weeks - Orsted Hornsea 1 Holdings Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.3%, this is a higher level of debt than the average (62.3%)
82.3% - Orsted Hornsea 1 Holdings Limited
62.3% - Industry AVG
ORSTED HORNSEA 1 HOLDINGS LIMITED financials
Orsted Hornsea 1 Holdings Limited's latest turnover from December 2023 is £448.6 million and the company has net assets of £405.4 million. According to their latest financial statements, we estimate that Orsted Hornsea 1 Holdings Limited has 2,630 employees and maintains cash reserves of £17.3 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 | 448,576,688 | 417,583,778 | 350,697,915 | 279,839,735 | 2,638,852 | 0 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |
Cost Of Sales | 225,475,732 | 251,922,793 | 227,029,571 | 170,854,861 | 1,439,322 | |
Gross Profit | 223,100,956 | 165,660,985 | 123,668,344 | 108,984,874 | 1,199,530 | |
Admin Expenses | 54,268,726 | 50,547,260 | 3,040 | 2,000 | 1,801 | |
Operating Profit | 168,832,230 | 115,113,725 | 123,665,304 | 108,982,874 | 1,197,729 | 12,398,200 |
Interest Payable | 107,584,789 | 48,764,235 | 23,861,177 | 33,514,507 | 30,289,740 | 344,789 |
Interest Receivable | 15,012,342 | 7,149,748 | 77,962,459 | 87,755,782 | 65,005,059 | 2,910,030 |
Pre-Tax Profit | 76,259,783 | 73,499,238 | 177,766,586 | 163,224,149 | 35,913,048 | 14,963,441 |
Tax | -58,234,439 | -59,218,737 | -22,917,253 | -31,012,588 | -6,823,443 | -487,090 |
Profit After Tax | 18,025,344 | 14,280,501 | 154,849,333 | 132,211,561 | 29,089,605 | 14,476,351 |
Dividends Paid | 1,671,000,000 | 1,810,000,000 | 0 | 0 | 0 | 12,395,000 |
Retained Profit | -1,652,974,656 | -1,795,719,499 | 154,849,333 | 132,211,561 | 29,089,605 | 2,081,351 |
Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 |
Number Of Employees | ||||||
EBITDA* | 363,909,471 | 318,852,593 | 123,665,304 | 108,982,874 | 1,197,729 | 12,398,200 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
---|---|---|---|---|---|---|
Tangible Assets | 1,895,347,364 | 2,077,000,342 | 2,778,591,318 | 3,294,344,860 | 3,174,225,005 | 1,444,499,543 |
Intangible Assets | 62,932,604 | 75,192,921 | 0 | 0 | 0 | 0 |
Investments & Other | 18,237,156 | 54,738,741 | 2,778,591,318 | 3,294,344,860 | 3,174,225,005 | 1,444,499,237 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 1,976,517,124 | 2,206,932,004 | 2,778,591,318 | 3,294,344,860 | 3,174,225,005 | 1,444,499,543 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 0 | 10,665,232 | 0 | 0 | 0 | 0 |
Group Debtors | 280,246,417 | 285,194,216 | 544,983,491 | 50,235,878 | 16,626,816 | 0 |
Misc Debtors | 1,584,869 | 6,089,090 | 0 | 0 | 0 | 0 |
Cash | 17,347,119 | 45,352,843 | 0 | 0 | 0 | 0 |
misc current assets | 17,787,855 | 37,894,182 | 0 | 0 | 0 | 0 |
total current assets | 316,966,260 | 385,195,563 | 544,983,491 | 50,235,878 | 16,626,816 | 0 |
total assets | 2,293,483,384 | 2,592,127,567 | 3,323,574,809 | 3,344,580,738 | 3,190,851,821 | 1,444,499,543 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 11,910,016 | 468,324 | 12,683,000 | 0 | 0 | 0 |
Group/Directors Accounts | 18,202,797 | 10,799,212 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 4,696,130 | 3,556,164 | 0 | 0 | 0 | 0 |
other current liabilities | 27,960,943 | 15,269,187 | 43,659,957 | 98,198,219 | 9,680,863 | 442,418,190 |
total current liabilities | 62,769,886 | 30,092,887 | 56,342,957 | 98,198,219 | 9,680,863 | 442,418,190 |
loans | 1,671,000,000 | 1,810,000,000 | 1,949,000,000 | 2,083,000,000 | 2,150,000,000 | 0 |
hp & lease commitments | 84,243,439 | 94,962,878 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 70,048,232 | 69,675,319 | 0 | 0 | 0 | 0 |
total long term liabilities | 1,825,291,671 | 1,974,638,197 | 1,949,000,000 | 2,083,000,000 | 2,150,000,000 | 0 |
total liabilities | 1,888,061,557 | 2,004,731,084 | 2,005,342,957 | 2,181,198,219 | 2,159,680,863 | 442,418,190 |
net assets | 405,421,827 | 587,396,483 | 1,318,231,852 | 1,163,382,519 | 1,031,170,958 | 1,002,081,353 |
total shareholders funds | 405,421,827 | 587,396,483 | 1,318,231,852 | 1,163,382,519 | 1,031,170,958 | 1,002,081,353 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
---|---|---|---|---|---|---|
Operating Activities | ||||||
Operating Profit | 168,832,230 | 115,113,725 | 123,665,304 | 108,982,874 | 1,197,729 | 12,398,200 |
Depreciation | 188,834,477 | 203,738,868 | 0 | 0 | 0 | 0 |
Amortisation | 6,242,764 | 0 | 0 | 0 | 0 | 0 |
Tax | -58,234,439 | -59,218,737 | -22,917,253 | -31,012,588 | -6,823,443 | -487,090 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -20,117,252 | -243,034,953 | 494,747,613 | 33,609,062 | 16,626,816 | 0 |
Creditors | 11,441,692 | -12,214,676 | 12,683,000 | 0 | 0 | 0 |
Accruals and Deferred Income | 12,691,756 | -28,390,770 | -54,538,262 | 88,517,356 | -432,737,327 | 442,418,190 |
Deferred Taxes & Provisions | 372,913 | 69,675,319 | 0 | 0 | 0 | 0 |
Cash flow from operations | 350,298,645 | 531,738,682 | -435,854,824 | 132,878,580 | -454,989,857 | 454,329,300 |
Investing Activities | ||||||
capital expenditure | ||||||
Change in Investments | -36,501,585 | -2,723,852,577 | -515,753,542 | 120,119,855 | 1,729,725,768 | 1,444,499,237 |
cash flow from investments | ||||||
Financing Activities | ||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 7,403,585 | 10,799,212 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -139,000,000 | -139,000,000 | -134,000,000 | -67,000,000 | 2,150,000,000 | 0 |
Hire Purchase and Lease Commitments | -9,579,473 | 98,519,042 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||
interest | -92,572,447 | -41,614,487 | 54,101,282 | 54,241,275 | 34,715,319 | 2,565,241 |
cash flow from financing | 1,237,251,665 | 993,587,897 | -79,898,718 | -12,758,725 | 2,184,715,319 | 1,002,565,243 |
cash and cash equivalents | ||||||
cash | -28,005,724 | 45,352,843 | 0 | 0 | 0 | 0 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -28,005,724 | 45,352,843 | 0 | 0 | 0 | 0 |
orsted hornsea 1 holdings limited Credit Report and Business Information
Orsted Hornsea 1 Holdings Limited Competitor Analysis
Perform a competitor analysis for orsted hornsea 1 holdings limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mega companies, companies in SW1P area or any other competitors across 12 key performance metrics.
orsted hornsea 1 holdings limited Ownership
ORSTED HORNSEA 1 HOLDINGS LIMITED group structure
Orsted Hornsea 1 Holdings Limited has no subsidiary companies.
Ultimate parent company
ORSTED A/S
#0054594
2 parents
ORSTED HORNSEA 1 HOLDINGS LIMITED
11116433
orsted hornsea 1 holdings limited directors
Orsted Hornsea 1 Holdings Limited currently has 3 directors. The longest serving directors include Mr Jacob Hjelm (Jul 2021) and Mr Julian Gray (Sep 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Jacob Hjelm | Denmark | 49 years | Jul 2021 | - | Director |
Mr Julian Gray | 43 years | Sep 2023 | - | Director | |
Mr Benjamin Westwood | 43 years | Sep 2023 | - | Director |
P&L
December 2023turnover
448.6m
+7%
operating profit
168.8m
+47%
gross margin
49.8%
+25.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
405.4m
-0.31%
total assets
2.3b
-0.12%
cash
17.3m
-0.62%
net assets
Total assets minus all liabilities
orsted hornsea 1 holdings limited company details
company number
11116433
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
December 2017
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
5 howick place, london, SW1P 1WG
Bank
-
Legal Advisor
-
orsted hornsea 1 holdings 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 hornsea 1 holdings limited.
orsted hornsea 1 holdings 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.
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orsted hornsea 1 holdings limited Companies House Filings - See Documents
date | description | view/download |
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