hornsea two psc limited
hornsea two psc limited Company Information
Company Number
13794536
Next Accounts
Sep 2025
Shareholders
makalu holdco 4 limited
orsted power (uk) limited
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
5 howick place, london, SW1P 1WG
Website
-hornsea two psc limited Estimated Valuation
Pomanda estimates the enterprise value of HORNSEA TWO PSC LIMITED at £294.4m based on a Turnover of £216.7m and 1.36x industry multiple (adjusted for size and gross margin).
hornsea two psc limited Estimated Valuation
Pomanda estimates the enterprise value of HORNSEA TWO PSC LIMITED at £1.8b based on an EBITDA of £180.5m and a 9.94x industry multiple (adjusted for size and gross margin).
hornsea two psc limited Estimated Valuation
Pomanda estimates the enterprise value of HORNSEA TWO PSC LIMITED at £81.9m based on Net Assets of £38.4m and 2.13x industry multiple (adjusted for liquidity).
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Hornsea Two Psc Limited Overview
Hornsea Two Psc Limited is a live company located in london, SW1P 1WG with a Companies House number of 13794536. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2021, it's largest shareholder is makalu holdco 4 limited with a 75.1% stake. Hornsea Two Psc Limited is a startup, mega sized company, Pomanda has estimated its turnover at £216.7m with unknown growth in recent years.
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Hornsea Two Psc Limited Health Check
Pomanda's financial health check has awarded Hornsea Two Psc 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 £216.7m, make it larger than the average company (£4.8m)
£216.7m - Hornsea Two Psc Limited
£4.8m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Hornsea Two Psc Limited
- - Industry AVG
Production
with a gross margin of 46.9%, this company has a lower cost of product (38.2%)
46.9% - Hornsea Two Psc Limited
38.2% - Industry AVG
Profitability
an operating margin of 39.6% make it more profitable than the average company (5.7%)
39.6% - Hornsea Two Psc Limited
5.7% - Industry AVG
Employees
with 1265 employees, this is above the industry average (27)
- Hornsea Two Psc Limited
27 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Hornsea Two Psc Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £171.3k, this is equally as efficient (£171.3k)
- Hornsea Two Psc 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 Two Psc Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (32 days)
0 days - Hornsea Two Psc Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hornsea Two Psc Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 18 weeks, this is average cash available to meet short term requirements (22 weeks)
18 weeks - Hornsea Two Psc Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.9%, this is a higher level of debt than the average (62.6%)
97.9% - Hornsea Two Psc Limited
62.6% - Industry AVG
HORNSEA TWO PSC LIMITED financials
Hornsea Two Psc Limited's latest turnover from December 2023 is £216.7 million and the company has net assets of £38.4 million. According to their latest financial statements, we estimate that Hornsea Two Psc Limited has 1,265 employees and maintains cash reserves of £12.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Turnover | 216,665,736 | 115,842,142 |
| Other Income Or Grants | ||
| Cost Of Sales | 115,077,917 | 32,979,704 |
| Gross Profit | 101,587,819 | 82,862,438 |
| Admin Expenses | 15,744,439 | 4,500 |
| Operating Profit | 85,843,380 | 82,857,938 |
| Interest Payable | 66,922,118 | 16,186,566 |
| Interest Receivable | 19,117,619 | 11,918,356 |
| Pre-Tax Profit | 38,038,881 | 78,589,728 |
| Tax | -27,252,228 | -14,932,048 |
| Profit After Tax | 10,786,653 | 63,657,680 |
| Dividends Paid | ||
| Retained Profit | 10,786,653 | 63,657,680 |
| Employee Costs | ||
| Number Of Employees | ||
| EBITDA* | 180,457,669 | 82,857,938 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 1,038,482,450 | 1,638,414,108 |
| Intangible Assets | 40,913,602 | |
| Investments & Other | 1,638,414,108 | |
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | 1,079,396,052 | 1,638,414,108 |
| Stock & work in progress | ||
| Trade Debtors | 245 | |
| Group Debtors | 751,049,854 | 113,877,471 |
| Misc Debtors | 12,861,015 | |
| Cash | 12,637,034 | |
| misc current assets | ||
| total current assets | 776,548,148 | 113,877,471 |
| total assets | 1,855,944,200 | 1,752,291,579 |
| Bank overdraft | ||
| Bank loan | ||
| Trade Creditors | 27,406 | |
| Group/Directors Accounts | 6,071,361 | |
| other short term finances | ||
| hp & lease commitments | 1,326,063 | |
| other current liabilities | 27,981,608 | 52,063,073 |
| total current liabilities | 35,406,438 | 52,063,073 |
| loans | 1,636,570,824 | 3,273,141,648 |
| hp & lease commitments | 55,123,895 | |
| Accruals and Deferred Income | ||
| other liabilities | ||
| provisions | 90,454,064 | |
| total long term liabilities | 1,782,148,783 | 1,636,570,824 |
| total liabilities | 1,817,555,221 | 1,688,633,897 |
| net assets | 38,388,979 | 63,657,682 |
| total shareholders funds | 38,388,979 | 63,657,682 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 85,843,380 | 82,857,938 |
| Depreciation | 90,924,069 | |
| Amortisation | 3,690,220 | |
| Tax | -27,252,228 | -14,932,048 |
| Stock | ||
| Debtors | 650,033,643 | 113,877,471 |
| Creditors | 27,406 | |
| Accruals and Deferred Income | -24,081,465 | 52,063,073 |
| Deferred Taxes & Provisions | 90,454,064 | |
| Cash flow from operations | -430,428,197 | 6,111,492 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | -1,638,414,108 | 1,638,414,108 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | ||
| Group/Directors Accounts | 6,071,361 | |
| Other Short Term Loans | ||
| Long term loans | -1,636,570,824 | 3,273,141,648 |
| Hire Purchase and Lease Commitments | 56,449,958 | |
| other long term liabilities | ||
| share issue | ||
| interest | -47,804,499 | -4,268,210 |
| cash flow from financing | -1,657,909,360 | 3,268,873,440 |
| cash and cash equivalents | ||
| cash | 12,637,034 | |
| overdraft | ||
| change in cash | 12,637,034 |
hornsea two psc limited Credit Report and Business Information
Hornsea Two Psc Limited Competitor Analysis
Perform a competitor analysis for hornsea two psc 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 two psc limited Ownership
HORNSEA TWO PSC LIMITED group structure
Hornsea Two Psc Limited has 1 subsidiary company.
Ultimate parent company
ORSTED A/S
#0054594
2 parents
HORNSEA TWO PSC LIMITED
13794536
1 subsidiary
hornsea two psc limited directors
Hornsea Two Psc Limited currently has 6 directors. The longest serving directors include Mr Jacob Hjelm (May 2022) and Mr Julian Gray (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jacob Hjelm | Denmark | 49 years | May 2022 | - | Director |
| Mr Julian Gray | 43 years | May 2022 | - | Director | |
| Mr David Facey | United Kingdom | 40 years | Sep 2023 | - | Director |
| Mr Jose Mendez Sanchez-Castillo | United Kingdom | 30 years | Dec 2024 | - | Director |
| Mr Daire Reilly | 39 years | Jan 2025 | - | Director | |
| Mr Samuel Claxton | 36 years | Mar 2025 | - | Director |
P&L
December 2023turnover
216.7m
+87%
operating profit
85.8m
+4%
gross margin
46.9%
-34.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
38.4m
-0.4%
total assets
1.9b
+0.06%
cash
12.6m
0%
net assets
Total assets minus all liabilities
Similar Companies
hornsea two psc limited company details
company number
13794536
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
December 2021
age
4
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
orsted hornsea two holdings ltd (January 2025)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
5 howick place, london, SW1P 1WG
Bank
-
Legal Advisor
-
hornsea two psc 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 two psc limited.
hornsea two psc 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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hornsea two psc limited Companies House Filings - See Documents
| date | description | view/download |
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