hornsea 1 holdings limited
hornsea 1 holdings limited Company Information
Company Number
11120527
Next Accounts
Sep 2025
Shareholders
jupiter offshore wind limited
orsted hornsea 1 holdings limited
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
5 howick place, london, SW1P 1WG
Website
http://dongenergy.co.ukhornsea 1 holdings limited Estimated Valuation
Pomanda estimates the enterprise value of HORNSEA 1 HOLDINGS LIMITED at £545.2m based on a Turnover of £573.7m and 0.95x industry multiple (adjusted for size and gross margin).
hornsea 1 holdings limited Estimated Valuation
Pomanda estimates the enterprise value of HORNSEA 1 HOLDINGS LIMITED at £2.8b based on an EBITDA of £405.5m and a 6.95x industry multiple (adjusted for size and gross margin).
hornsea 1 holdings limited Estimated Valuation
Pomanda estimates the enterprise value of HORNSEA 1 HOLDINGS LIMITED at £1.3b based on Net Assets of £587.6m and 2.13x industry multiple (adjusted for liquidity).
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Hornsea 1 Holdings Limited Overview
Hornsea 1 Holdings Limited is a live company located in london, SW1P 1WG with a Companies House number of 11120527. 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 jupiter offshore wind limited with a 50% stake. Hornsea 1 Holdings Limited is a young, mega sized company, Pomanda has estimated its turnover at £573.7m with unknown growth in recent years.
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Hornsea 1 Holdings Limited Health Check
Pomanda's financial health check has awarded Hornsea 1 Holdings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
4 Weak
Size
annual sales of £573.7m, make it larger than the average company (£4.8m)
£573.7m - Hornsea 1 Holdings Limited
£4.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Hornsea 1 Holdings Limited
- - Industry AVG
Production
with a gross margin of 21.4%, this company has a higher cost of product (38.2%)
21.4% - Hornsea 1 Holdings Limited
38.2% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (5.7%)
2.7% - Hornsea 1 Holdings Limited
5.7% - Industry AVG
Employees
with 3349 employees, this is above the industry average (27)
- Hornsea 1 Holdings Limited
27 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Hornsea 1 Holdings Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £171.3k, this is equally as efficient (£171.3k)
- Hornsea 1 Holdings Limited
£171.3k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (42 days)
0 days - Hornsea 1 Holdings Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (32 days)
0 days - Hornsea 1 Holdings Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hornsea 1 Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (22 weeks)
30 weeks - Hornsea 1 Holdings Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.7%, this is a higher level of debt than the average (62.6%)
85.7% - Hornsea 1 Holdings Limited
62.6% - Industry AVG
HORNSEA 1 HOLDINGS LIMITED financials
Hornsea 1 Holdings Limited's latest turnover from December 2023 is £573.7 million and the company has net assets of £587.6 million. According to their latest financial statements, we estimate that Hornsea 1 Holdings Limited has 3,349 employees and maintains cash reserves of £34.7 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 | 573,678,742 | 517,728,998 | ||||
| Other Income Or Grants | ||||||
| Cost Of Sales | 450,951,465 | 503,845,585 | ||||
| Gross Profit | 122,727,277 | 13,883,413 | ||||
| Admin Expenses | 107,408,729 | 101,085,440 | ||||
| Operating Profit | 15,318,548 | -87,202,027 | -124,610,832 | -458,285,922 | 26,920 | -73,574,800 |
| Interest Payable | 148,006,427 | 154,304,270 | 148,512,654 | 145,167,249 | 107,410,925 | 8,620,802 |
| Interest Receivable | 6,129,097 | 1,065,641 | 148,510,398 | 145,166,059 | 107,411,472 | 4,626,317 |
| Pre-Tax Profit | -126,558,782 | -240,440,656 | -124,613,088 | -458,287,112 | 27,467 | -77,569,285 |
| Tax | -50,828,120 | -44,824,136 | ||||
| Profit After Tax | -177,386,902 | -285,264,792 | -124,613,088 | -458,287,112 | 27,467 | -77,569,285 |
| Dividends Paid | 24,800,000 | |||||
| Retained Profit | -177,386,902 | -285,264,792 | -124,613,088 | -458,287,112 | 27,467 | -102,369,285 |
| Employee Costs | ||||||
| Number Of Employees | ||||||
| EBITDA* | 405,473,030 | 320,275,710 | -124,610,832 | -458,285,922 | 26,920 | -73,574,800 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 3,863,643,354 | 4,372,955,649 | 4,868,184,986 | 4,727,133,952 | 5,045,916,759 | 2,285,134,502 |
| Intangible Assets | 125,865,209 | 150,385,841 | ||||
| Investments & Other | 4,868,184,986 | 4,727,133,952 | 5,045,916,759 | 780,676,186 | ||
| Debtors (Due After 1 year) | 36,474,312 | 109,477,482 | ||||
| Total Fixed Assets | 3,953,034,251 | 4,413,864,008 | 4,868,184,986 | 4,727,133,952 | 5,045,916,759 | 2,285,134,502 |
| Stock & work in progress | ||||||
| Trade Debtors | 112,031 | 37,603,896 | ||||
| Group Debtors | 51,283,291 | 27,734,403 | ||||
| Misc Debtors | 29,884,117 | 35,553,078 | 3 | |||
| Cash | 34,694,237 | 90,705,686 | 116,230 | 122,581 | 124,470 | |
| misc current assets | ||||||
| total current assets | 161,675,729 | 261,961,393 | 116,230 | 122,581 | 124,470 | 3 |
| total assets | 4,114,709,980 | 4,675,825,401 | 4,868,301,216 | 4,727,256,533 | 5,046,041,229 | 2,285,134,505 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 666,031 | 2,369,782 | ||||
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | 9,392,260 | 7,112,328 | ||||
| other current liabilities | 50,037,309 | 32,392,867 | 5,090 | 3,850 | 1,800 | 1,800 |
| total current liabilities | 60,095,600 | 41,874,977 | 5,090 | 3,850 | 1,800 | 1,800 |
| loans | 3,495,419,375 | 3,919,553,222 | 3,652,714,300 | 3,747,057,769 | 3,631,061,031 | 1,504,458,316 |
| hp & lease commitments | 168,486,877 | 189,925,756 | ||||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | 280,192,930 | 278,701,278 | ||||
| total long term liabilities | 3,467,028,963 | 3,868,978,105 | 3,652,714,300 | 3,747,057,769 | 3,631,061,031 | 1,504,458,316 |
| total liabilities | 3,527,124,563 | 3,910,853,082 | 3,652,719,390 | 3,747,061,619 | 3,631,062,831 | 1,504,460,116 |
| net assets | 587,585,417 | 764,972,319 | 1,215,581,826 | 980,194,914 | 1,414,978,398 | 780,674,389 |
| total shareholders funds | 587,585,417 | 764,972,319 | 1,215,581,826 | 980,194,914 | 1,414,978,398 | 780,674,389 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 15,318,548 | -87,202,027 | -124,610,832 | -458,285,922 | 26,920 | -73,574,800 |
| Depreciation | 377,668,954 | 394,246,128 | ||||
| Amortisation | 12,485,528 | 13,231,609 | ||||
| Tax | -50,828,120 | -44,824,136 | ||||
| Stock | ||||||
| Debtors | -92,615,108 | 210,368,859 | -3 | 3 | ||
| Creditors | -1,703,751 | 2,369,782 | ||||
| Accruals and Deferred Income | 17,644,442 | 32,387,777 | 1,240 | 2,050 | 1,800 | |
| Deferred Taxes & Provisions | 1,491,652 | 278,701,278 | ||||
| Cash flow from operations | 464,692,361 | 378,541,552 | -124,609,592 | -458,283,872 | 26,923 | -73,573,003 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | -4,868,184,986 | 141,051,034 | -318,782,807 | 4,265,240,573 | 780,676,186 | |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | -424,133,847 | 266,838,922 | -94,343,469 | 115,996,738 | 2,126,602,715 | 1,504,458,316 |
| Hire Purchase and Lease Commitments | -19,158,947 | 197,038,084 | ||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | -141,877,330 | -153,238,629 | -2,256 | -1,190 | 547 | -3,994,485 |
| cash flow from financing | -585,170,124 | 145,293,662 | 265,654,275 | 139,499,176 | 2,760,879,804 | 2,383,507,505 |
| cash and cash equivalents | ||||||
| cash | -56,011,449 | 90,589,456 | -6,351 | -1,889 | 124,470 | |
| overdraft | ||||||
| change in cash | -56,011,449 | 90,589,456 | -6,351 | -1,889 | 124,470 |
hornsea 1 holdings limited Credit Report and Business Information
Hornsea 1 Holdings Limited Competitor Analysis
Perform a competitor analysis for 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.
hornsea 1 holdings limited Ownership
HORNSEA 1 HOLDINGS LIMITED group structure
Hornsea 1 Holdings Limited has 2 subsidiary companies.
Ultimate parent company
HORNSEA 1 HOLDINGS LIMITED
11120527
2 subsidiaries
hornsea 1 holdings limited directors
Hornsea 1 Holdings Limited currently has 11 directors. The longest serving directors include Mr Benjamin Westwood (Feb 2020) and Mr Jacob Hjelm (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Benjamin Westwood | England | 43 years | Feb 2020 | - | Director |
| Mr Jacob Hjelm | Denmark | 49 years | Feb 2020 | - | Director |
| Mr Benjamin Westwood | Denmark | 43 years | Feb 2020 | - | Director |
| Mr Julian Gray | 43 years | Jul 2022 | - | Director | |
| Mr Filippo Di Salle | England | 52 years | Oct 2022 | - | Director |
| Mr Ramon Parra | 47 years | May 2023 | - | Director | |
| Mr Edmund Andrew | England | 38 years | Sep 2023 | - | Director |
| Shivani Kondaskar | Denmark | 38 years | Sep 2023 | - | Director |
| Mr Ian Dunn | England | 57 years | Jul 2024 | - | Director |
| Mr Jonathan Ord | England | 41 years | Jul 2024 | - | Director |
P&L
December 2023turnover
573.7m
+11%
operating profit
15.3m
-118%
gross margin
21.4%
+697.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
587.6m
-0.23%
total assets
4.1b
-0.12%
cash
34.7m
-0.62%
net assets
Total assets minus all liabilities
Similar Companies
hornsea 1 holdings limited company details
company number
11120527
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
December 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
5 howick place, london, SW1P 1WG
Bank
-
Legal Advisor
-
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 hornsea 1 holdings limited.
hornsea 1 holdings limited Capital Raised & Share Issues BETA
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hornsea 1 holdings limited Companies House Filings - See Documents
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