handymax holdco limited
handymax holdco limited Company Information
Company Number
13372276
Website
-Registered Address
portland house 69-71, wembley hill road, wembley, HA9 8BU
Industry
Sea and coastal freight water transport
Telephone
-
Next Accounts Due
37 days late
Group Structure
View All
Shareholders
steftom shipping limited 34%
union carriers limited 33%
View Allhandymax holdco limited Estimated Valuation
Pomanda estimates the enterprise value of HANDYMAX HOLDCO LIMITED at £150.8m based on a Turnover of £48.6m and 3.1x industry multiple (adjusted for size and gross margin).
handymax holdco limited Estimated Valuation
Pomanda estimates the enterprise value of HANDYMAX HOLDCO LIMITED at £280.6m based on an EBITDA of £26.5m and a 10.59x industry multiple (adjusted for size and gross margin).
handymax holdco limited Estimated Valuation
Pomanda estimates the enterprise value of HANDYMAX HOLDCO LIMITED at £78.3m based on Net Assets of £50m and 1.57x industry multiple (adjusted for liquidity).
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Handymax Holdco Limited Overview
Handymax Holdco Limited is a live company located in wembley, HA9 8BU with a Companies House number of 13372276. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in May 2021, it's largest shareholder is steftom shipping limited with a 34% stake. Handymax Holdco Limited is a startup, large sized company, Pomanda has estimated its turnover at £48.6m with unknown growth in recent years.
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Handymax Holdco Limited Health Check
Pomanda's financial health check has awarded Handymax Holdco Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
3 Weak
Size
annual sales of £48.6m, make it larger than the average company (£7.5m)
£48.6m - Handymax Holdco Limited
£7.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Handymax Holdco Limited
- - Industry AVG
Production
with a gross margin of 91.2%, this company has a lower cost of product (32.7%)
91.2% - Handymax Holdco Limited
32.7% - Industry AVG
Profitability
an operating margin of 45.8% make it more profitable than the average company (9.2%)
45.8% - Handymax Holdco Limited
9.2% - Industry AVG
Employees
with 3 employees, this is below the industry average (13)
3 - Handymax Holdco Limited
13 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Handymax Holdco Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £16.2m, this is more efficient (£681.4k)
£16.2m - Handymax Holdco Limited
£681.4k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (28 days)
7 days - Handymax Holdco Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 261 days, this is slower than average (30 days)
261 days - Handymax Holdco Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 34 days, this is more than average (18 days)
34 days - Handymax Holdco Limited
18 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (11 weeks)
9 weeks - Handymax Holdco Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 54.4%, this is a lower level of debt than the average (63.1%)
54.4% - Handymax Holdco Limited
63.1% - Industry AVG
HANDYMAX HOLDCO LIMITED financials
Handymax Holdco Limited's latest turnover from December 2022 is £48.6 million and the company has net assets of £50 million. According to their latest financial statements, Handymax Holdco Limited has 3 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Turnover | 48,580,668 | 14,922,563 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 4,275,328 | 1,331,975 |
| Gross Profit | 44,305,340 | 13,590,589 |
| Admin Expenses | 22,076,755 | 6,636,592 |
| Operating Profit | 22,228,585 | 6,953,997 |
| Interest Payable | 2,949,743 | 489,991 |
| Interest Receivable | 1,997,306 | 132,593 |
| Pre-Tax Profit | 21,276,149 | 6,596,599 |
| Tax | 0 | 0 |
| Profit After Tax | 21,276,149 | 6,596,599 |
| Dividends Paid | 10,427,962 | 3,096,077 |
| Retained Profit | 10,848,186 | 3,500,522 |
| Employee Costs | 0 | 0 |
| Number Of Employees | 3 | 1 |
| EBITDA* | 26,493,981 | 7,958,545 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Tangible Assets | 91,274,444 | 101,041,025 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 91,274,444 | 101,041,025 |
| Stock & work in progress | 406,863 | 304,784 |
| Trade Debtors | 1,030,778 | 962,299 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 11,834,852 | 192,855 |
| Cash | 3,003,171 | 5,257,379 |
| misc current assets | 2,018,422 | 132,593 |
| total current assets | 18,294,087 | 6,849,912 |
| total assets | 109,568,531 | 107,890,937 |
| Bank overdraft | 7,564,645 | 11,822,237 |
| Bank loan | 0 | 0 |
| Trade Creditors | 3,063,441 | 3,382,127 |
| Group/Directors Accounts | 1 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 6,471,294 | 0 |
| total current liabilities | 17,099,381 | 15,204,363 |
| loans | 84,912,618 | 107,043,838 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 42,456,309 | 53,521,919 |
| total liabilities | 59,555,690 | 68,726,282 |
| net assets | 50,012,840 | 39,164,655 |
| total shareholders funds | 50,012,840 | 39,164,654 |
| Dec 2022 | Dec 2021 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 22,228,585 | 6,953,997 |
| Depreciation | 4,265,396 | 1,004,548 |
| Amortisation | 0 | 0 |
| Tax | 0 | 0 |
| Stock | 102,079 | 304,784 |
| Debtors | 11,710,476 | 1,155,154 |
| Creditors | -318,686 | 3,382,127 |
| Accruals and Deferred Income | 6,471,294 | 0 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | 20,834,034 | 9,880,734 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 1 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | -22,131,220 | 107,043,838 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -952,437 | -357,398 |
| cash flow from financing | -23,083,657 | 142,350,572 |
| cash and cash equivalents | ||
| cash | -2,254,208 | 5,257,379 |
| overdraft | -4,257,592 | 11,822,237 |
| change in cash | 2,003,384 | -6,564,858 |
handymax holdco limited Credit Report and Business Information
Handymax Holdco Limited Competitor Analysis
Perform a competitor analysis for handymax holdco limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other large companies, companies in HA9 area or any other competitors across 12 key performance metrics.
handymax holdco limited Ownership
HANDYMAX HOLDCO LIMITED group structure
Handymax Holdco Limited has 9 subsidiary companies.
Ultimate parent company
HANDYMAX HOLDCO LIMITED
13372276
9 subsidiaries
handymax holdco limited directors
Handymax Holdco Limited currently has 3 directors. The longest serving directors include Mr Mark Verschoyle (May 2021) and Mr Nikolaos Fragkoudakis (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Verschoyle | England | 61 years | May 2021 | - | Director |
| Mr Nikolaos Fragkoudakis | United Kingdom | 41 years | May 2021 | - | Director |
| Mr Matthew Enston | England | 46 years | Apr 2024 | - | Director |
P&L
December 2022turnover
48.6m
+226%
operating profit
22.2m
+220%
gross margin
91.2%
+0.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
50m
+0.28%
total assets
109.6m
+0.02%
cash
3m
-0.43%
net assets
Total assets minus all liabilities
Similar Companies
handymax holdco limited company details
company number
13372276
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
incorporation date
May 2021
age
3
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
MALDE & CO
address
portland house 69-71, wembley hill road, wembley, HA9 8BU
Bank
-
Legal Advisor
-
handymax holdco 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 handymax holdco limited. Currently there are 5 open charges and 0 have been satisfied in the past.
handymax holdco limited Companies House Filings - See Documents
| date | description | view/download |
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