hunting energy services limited
hunting energy services limited Company Information
Company Number
SC095310
Next Accounts
197 days late
Shareholders
hunting energy holdings limited
Group Structure
View All
Industry
Manufacture of tools
Registered Address
badentoy avenue, badentoy industrial estate, aberdeen, AB12 4YB
Website
https://huntingplc.com/hunting energy services limited Estimated Valuation
Pomanda estimates the enterprise value of HUNTING ENERGY SERVICES LIMITED at £13.9m based on a Turnover of £22m and 0.63x industry multiple (adjusted for size and gross margin).
hunting energy services limited Estimated Valuation
Pomanda estimates the enterprise value of HUNTING ENERGY SERVICES LIMITED at £0 based on an EBITDA of £-1.8m and a 4.9x industry multiple (adjusted for size and gross margin).
hunting energy services limited Estimated Valuation
Pomanda estimates the enterprise value of HUNTING ENERGY SERVICES LIMITED at £64.3m based on Net Assets of £30.9m and 2.08x industry multiple (adjusted for liquidity).
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Hunting Energy Services Limited Overview
Hunting Energy Services Limited is a live company located in aberdeen, AB12 4YB with a Companies House number of SC095310. It operates in the manufacture of tools sector, SIC Code 25730. Founded in September 1985, it's largest shareholder is hunting energy holdings limited with a 100% stake. Hunting Energy Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £22m with declining growth in recent years.
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Hunting Energy Services Limited Health Check
Pomanda's financial health check has awarded Hunting Energy Services Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
7 Weak
Size
annual sales of £22m, make it larger than the average company (£8.5m)
£22m - Hunting Energy Services Limited
£8.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (-2.4%)
-12% - Hunting Energy Services Limited
-2.4% - Industry AVG
Production
with a gross margin of 19.9%, this company has a higher cost of product (36.1%)
19.9% - Hunting Energy Services Limited
36.1% - Industry AVG
Profitability
an operating margin of -13.2% make it less profitable than the average company (7.2%)
-13.2% - Hunting Energy Services Limited
7.2% - Industry AVG
Employees
with 117 employees, this is above the industry average (55)
117 - Hunting Energy Services Limited
55 - Industry AVG
Pay Structure
on an average salary of £71.8k, the company has a higher pay structure (£44.4k)
£71.8k - Hunting Energy Services Limited
£44.4k - Industry AVG
Efficiency
resulting in sales per employee of £188.4k, this is more efficient (£132.2k)
£188.4k - Hunting Energy Services Limited
£132.2k - Industry AVG
Debtor Days
it gets paid by customers after 129 days, this is later than average (68 days)
129 days - Hunting Energy Services Limited
68 days - Industry AVG
Creditor Days
its suppliers are paid after 112 days, this is slower than average (34 days)
112 days - Hunting Energy Services Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 233 days, this is more than average (111 days)
233 days - Hunting Energy Services Limited
111 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (19 weeks)
3 weeks - Hunting Energy Services Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.2%, this is a lower level of debt than the average (35.1%)
27.2% - Hunting Energy Services Limited
35.1% - Industry AVG
HUNTING ENERGY SERVICES LIMITED financials
Hunting Energy Services Limited's latest turnover from December 2022 is £22 million and the company has net assets of £30.9 million. According to their latest financial statements, Hunting Energy Services Limited has 117 employees and maintains cash reserves of £763 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 22,046,000 | 9,423,000 | 20,889,000 | 32,012,000 | 32,027,000 | 24,709,000 | 14,656,000 | 29,060,000 | 31,766,000 | 30,587,000 | 24,082,000 | 16,770,000 | 11,677,000 | 12,399,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 17,667,000 | 7,935,000 | 24,642,000 | 24,980,000 | 23,038,000 | 19,306,000 | 12,815,000 | 18,638,000 | 18,168,000 | 18,413,000 | 13,076,000 | 9,728,000 | 5,825,000 | 7,076,000 |
| Gross Profit | 4,379,000 | 1,488,000 | -3,753,000 | 7,032,000 | 8,989,000 | 5,403,000 | 1,841,000 | 10,422,000 | 13,598,000 | 12,174,000 | 11,006,000 | 7,042,000 | 5,852,000 | 5,323,000 |
| Admin Expenses | 7,294,000 | 5,328,000 | 10,031,000 | 8,160,000 | 6,746,000 | 9,857,000 | 8,628,000 | 10,595,000 | 10,569,000 | 8,190,000 | 7,565,000 | 4,504,000 | 2,833,000 | 2,967,000 |
| Operating Profit | -2,915,000 | -3,840,000 | -13,784,000 | -1,128,000 | 2,243,000 | -4,454,000 | -6,787,000 | -173,000 | 3,029,000 | 3,984,000 | 3,441,000 | 2,538,000 | 3,019,000 | 2,356,000 |
| Interest Payable | 793,000 | 423,000 | 656,000 | 550,000 | 437,000 | 496,000 | 301,000 | 271,000 | 287,000 | 394,000 | 193,000 | 49,000 | 4,000 | |
| Interest Receivable | 243,000 | 1,000 | 17,000 | 10,000 | 13,000 | 24,000 | 28,000 | 98,000 | 97,000 | 50,000 | 21,000 | 30,000 | 9,000 | |
| Pre-Tax Profit | -3,465,000 | -4,262,000 | -14,440,000 | -1,661,000 | 1,649,000 | -4,848,000 | -7,064,000 | -416,000 | 2,840,000 | 4,102,000 | 3,697,000 | 2,510,000 | 3,049,000 | 2,444,000 |
| Tax | 3,292,000 | 168,000 | 1,277,000 | 259,000 | 195,000 | 645,000 | 802,000 | 61,000 | -314,000 | -168,000 | -644,000 | -603,000 | -873,000 | -877,000 |
| Profit After Tax | -173,000 | -4,094,000 | -13,163,000 | -1,402,000 | 1,844,000 | -4,203,000 | -6,262,000 | -355,000 | 2,526,000 | 3,934,000 | 3,053,000 | 1,907,000 | 2,176,000 | 1,567,000 |
| Dividends Paid | 3,333,000 | 1,402,000 | 2,493,000 | 2,303,000 | 1,275,000 | 1,025,000 | 765,000 | 756,000 | ||||||
| Retained Profit | -173,000 | -4,094,000 | -13,163,000 | -1,402,000 | 1,844,000 | -7,536,000 | -6,262,000 | -1,757,000 | 33,000 | 1,631,000 | 1,778,000 | 882,000 | 1,411,000 | 811,000 |
| Employee Costs | 8,398,000 | 5,317,000 | 6,955,000 | 8,212,000 | 9,448,000 | 8,978,000 | 7,587,000 | 8,383,000 | 8,333,000 | 6,769,000 | 4,524,000 | 5,259,000 | 4,250,000 | 4,281,000 |
| Number Of Employees | 117 | 77 | 74 | 98 | 124 | 123 | 120 | 119 | 105 | 105 | 79 | 95 | 87 | 80 |
| EBITDA* | -1,828,000 | -3,125,000 | -4,326,000 | 279,000 | 3,616,000 | -2,403,000 | -4,548,000 | 1,607,000 | 4,536,000 | 5,427,000 | 4,669,000 | 3,528,000 | 3,973,000 | 3,373,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 16,529,000 | 4,011,000 | 5,474,000 | 12,410,000 | 3,809,000 | 4,272,000 | 5,860,000 | 6,163,000 | 6,273,000 | 5,790,000 | 8,579,000 | 5,920,000 | 4,028,000 | 4,482,000 |
| Intangible Assets | 1,302,000 | 2,200,000 | 2,180,000 | 2,045,000 | 1,802,000 | 729,000 | 245,000 | 182,000 | ||||||
| Investments & Other | 1,191,000 | 225,000 | 225,000 | 128,000 | 71,000 | 71,000 | 71,000 | 71,000 | 71,000 | 71,000 | 12,000 | 12,000 | 12,000 | |
| Debtors (Due After 1 year) | 3,021,000 | 162,000 | 652,000 | 977,000 | ||||||||||
| Total Fixed Assets | 14,810,000 | 3,849,000 | 4,822,000 | 13,858,000 | 5,989,000 | 6,317,000 | 7,662,000 | 6,892,000 | 6,518,000 | 5,972,000 | 8,579,000 | 5,920,000 | 4,028,000 | 4,482,000 |
| Stock & work in progress | 11,293,000 | 5,466,000 | 5,217,000 | 11,865,000 | 9,020,000 | 8,670,000 | 12,671,000 | 13,319,000 | 10,609,000 | 7,629,000 | 7,467,000 | 4,453,000 | 2,480,000 | 1,616,000 |
| Trade Debtors | 7,801,000 | 2,876,000 | 2,476,000 | 5,021,000 | 5,375,000 | 7,162,000 | 3,437,000 | 5,777,000 | 7,072,000 | 6,696,000 | 5,364,000 | 5,384,000 | 2,361,000 | 1,789,000 |
| Group Debtors | 5,103,000 | 372,000 | 409,000 | 3,682,000 | 1,585,000 | 2,417,000 | 187,000 | 1,726,000 | 283,000 | 1,719,000 | 140,000 | 27,000 | 553,000 | |
| Misc Debtors | 2,249,000 | 1,392,000 | 968,000 | 1,128,000 | 2,017,000 | 2,276,000 | 1,268,000 | 1,145,000 | 1,265,000 | 404,000 | 441,000 | 448,000 | 98,000 | 94,000 |
| Cash | 763,000 | 54,000 | 273,000 | 765,000 | 1,571,000 | 1,378,000 | 2,883,000 | 5,351,000 | 5,349,000 | 8,049,000 | 2,647,000 | 2,099,000 | 888,000 | 119,000 |
| misc current assets | 369,000 | 354,000 | 441,000 | 693,000 | ||||||||||
| total current assets | 27,666,000 | 10,730,000 | 10,710,000 | 22,830,000 | 19,922,000 | 22,344,000 | 20,446,000 | 27,318,000 | 24,578,000 | 25,190,000 | 16,059,000 | 12,384,000 | 5,854,000 | 4,171,000 |
| total assets | 42,476,000 | 14,579,000 | 15,532,000 | 36,688,000 | 25,911,000 | 28,661,000 | 28,108,000 | 34,210,000 | 31,096,000 | 31,162,000 | 24,638,000 | 18,304,000 | 9,882,000 | 8,653,000 |
| Bank overdraft | 379,000 | |||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 5,460,000 | 1,525,000 | 1,043,000 | 1,709,000 | 1,301,000 | 1,684,000 | 875,000 | 1,194,000 | 1,919,000 | 949,000 | 1,213,000 | 742,000 | 556,000 | 700,000 |
| Group/Directors Accounts | 31,041,000 | 28,749,000 | 29,786,000 | 21,694,000 | 24,568,000 | 22,606,000 | 20,928,000 | 12,597,000 | 16,176,000 | 9,520,000 | 6,686,000 | |||
| other short term finances | 39,000 | 26,000 | 9,000 | |||||||||||
| hp & lease commitments | 286,000 | 119,000 | 118,000 | 119,000 | ||||||||||
| other current liabilities | 5,189,000 | 2,603,000 | 2,171,000 | 8,746,000 | 5,577,000 | 3,408,000 | 1,566,000 | 2,828,000 | 5,578,000 | 3,102,000 | 4,607,000 | 3,327,000 | 2,639,000 | 2,322,000 |
| total current liabilities | 10,935,000 | 35,288,000 | 32,081,000 | 40,360,000 | 28,572,000 | 29,660,000 | 25,047,000 | 24,950,000 | 20,094,000 | 20,227,000 | 15,340,000 | 10,794,000 | 3,221,000 | 3,410,000 |
| loans | 628,000 | 168,000 | 240,000 | 6,000 | ||||||||||
| hp & lease commitments | 314,000 | 84,000 | 120,000 | 3,000 | ||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 305,000 | 194,000 | 176,000 | 147,000 | ||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 619,000 | 278,000 | 296,000 | 150,000 | ||||||||||
| total liabilities | 11,554,000 | 35,566,000 | 32,377,000 | 40,510,000 | 28,572,000 | 29,660,000 | 25,047,000 | 24,950,000 | 20,094,000 | 20,227,000 | 15,340,000 | 10,794,000 | 3,221,000 | 3,410,000 |
| net assets | 30,922,000 | -20,987,000 | -16,845,000 | -3,822,000 | -2,661,000 | -999,000 | 3,061,000 | 9,260,000 | 11,002,000 | 10,935,000 | 9,298,000 | 7,510,000 | 6,661,000 | 5,243,000 |
| total shareholders funds | 30,922,000 | -20,987,000 | -16,845,000 | -3,822,000 | -2,661,000 | -999,000 | 3,061,000 | 9,260,000 | 11,002,000 | 10,935,000 | 9,298,000 | 7,510,000 | 6,661,000 | 5,243,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -2,915,000 | -3,840,000 | -13,784,000 | -1,128,000 | 2,243,000 | -4,454,000 | -6,787,000 | -173,000 | 3,029,000 | 3,984,000 | 3,441,000 | 2,538,000 | 3,019,000 | 2,356,000 |
| Depreciation | 914,000 | 715,000 | 9,212,000 | 952,000 | 955,000 | 1,721,000 | 2,065,000 | 1,768,000 | 1,506,000 | 1,443,000 | 1,228,000 | 990,000 | 954,000 | 1,017,000 |
| Amortisation | 173,000 | 246,000 | 455,000 | 418,000 | 330,000 | 174,000 | 12,000 | 1,000 | ||||||
| Tax | 3,292,000 | 168,000 | 1,277,000 | 259,000 | 195,000 | 645,000 | 802,000 | 61,000 | -314,000 | -168,000 | -644,000 | -603,000 | -873,000 | -877,000 |
| Stock | 5,827,000 | 249,000 | -6,648,000 | 2,845,000 | 350,000 | -4,001,000 | -648,000 | 2,710,000 | 2,980,000 | 162,000 | 3,014,000 | 1,973,000 | 864,000 | 1,616,000 |
| Debtors | 13,372,000 | 297,000 | -6,303,000 | 1,831,000 | -2,878,000 | 6,963,000 | -3,756,000 | 28,000 | -199,000 | 2,874,000 | 113,000 | 3,346,000 | 50,000 | 2,436,000 |
| Creditors | 3,935,000 | 482,000 | -666,000 | 408,000 | -383,000 | 809,000 | -319,000 | -725,000 | 970,000 | -264,000 | 471,000 | 186,000 | -144,000 | 700,000 |
| Accruals and Deferred Income | 2,586,000 | 432,000 | -6,575,000 | 3,169,000 | 2,169,000 | 1,842,000 | -1,262,000 | -2,750,000 | 2,476,000 | -1,505,000 | 1,280,000 | 688,000 | 317,000 | 2,322,000 |
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | -11,214,000 | -2,589,000 | 2,661,000 | -561,000 | 8,125,000 | -2,069,000 | -923,000 | -4,545,000 | 4,887,000 | 2,649,000 | -1,520,000 | 2,359,000 | 1,466,000 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 966,000 | 97,000 | 128,000 | -71,000 | 59,000 | 12,000 | ||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -31,041,000 | 2,292,000 | -1,037,000 | 8,092,000 | -2,874,000 | 1,962,000 | 1,678,000 | 8,331,000 | -3,579,000 | 6,656,000 | 2,834,000 | 6,686,000 | ||
| Other Short Term Loans | -39,000 | 13,000 | 17,000 | 9,000 | ||||||||||
| Long term loans | 460,000 | -72,000 | 234,000 | 6,000 | ||||||||||
| Hire Purchase and Lease Commitments | 397,000 | -35,000 | 116,000 | 122,000 | ||||||||||
| other long term liabilities | 111,000 | 18,000 | 29,000 | 147,000 | ||||||||||
| share issue | ||||||||||||||
| interest | -550,000 | -422,000 | -656,000 | -533,000 | -427,000 | -483,000 | -277,000 | -243,000 | -189,000 | -297,000 | -143,000 | -28,000 | 30,000 | 5,000 |
| cash flow from financing | 21,459,000 | 1,733,000 | -1,174,000 | 8,075,000 | -6,807,000 | 4,955,000 | 1,464,000 | 8,103,000 | -3,734,000 | 6,365,000 | 2,662,000 | 6,638,000 | 54,000 | 4,446,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 709,000 | -219,000 | -492,000 | -806,000 | 193,000 | -1,505,000 | -2,468,000 | 2,000 | -2,700,000 | 5,402,000 | 548,000 | 1,211,000 | 769,000 | 119,000 |
| overdraft | -379,000 | 379,000 | ||||||||||||
| change in cash | 709,000 | -219,000 | -492,000 | -806,000 | 193,000 | -1,505,000 | -2,468,000 | 2,000 | -2,700,000 | 5,402,000 | 548,000 | 1,211,000 | 1,148,000 | -260,000 |
hunting energy services limited Credit Report and Business Information
Hunting Energy Services Limited Competitor Analysis
Perform a competitor analysis for hunting energy services limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in AB12 area or any other competitors across 12 key performance metrics.
hunting energy services limited Ownership
HUNTING ENERGY SERVICES LIMITED group structure
Hunting Energy Services Limited has no subsidiary companies.
Ultimate parent company
2 parents
HUNTING ENERGY SERVICES LIMITED
SC095310
hunting energy services limited directors
Hunting Energy Services Limited currently has 6 directors. The longest serving directors include Mr Bruce Ferguson (Apr 2011) and Mr Arthur Johnson (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bruce Ferguson | England | 53 years | Apr 2011 | - | Director |
| Mr Arthur Johnson | England | 64 years | Sep 2017 | - | Director |
| Mr Stewart Barrie | England | 56 years | Apr 2020 | - | Director |
| Mr Stewart Barrie | England | 56 years | Apr 2020 | - | Director |
| Mr John Noble | Scotland | 37 years | Jun 2022 | - | Director |
| Mr Ian Park | England | 55 years | Jun 2022 | - | Director |
P&L
December 2022turnover
22m
+134%
operating profit
-2.9m
-24%
gross margin
19.9%
+25.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
30.9m
-2.47%
total assets
42.5m
+1.91%
cash
763k
+13.13%
net assets
Total assets minus all liabilities
hunting energy services limited company details
company number
SC095310
Type
Private limited with Share Capital
industry
25730 - Manufacture of tools
incorporation date
September 1985
age
40
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
hunting energy services (well intervention) limited (May 2022)
hunting cromar limited (August 2008)
See moreaccountant
-
auditor
FELOITTE LLP
address
badentoy avenue, badentoy industrial estate, aberdeen, AB12 4YB
Bank
BARCLAYS BANK PLC
Legal Advisor
CMS CAMERON MCKENNA LLP
hunting energy services 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 8 charges/mortgages relating to hunting energy services limited. Currently there are 1 open charges and 7 have been satisfied in the past.
hunting energy services 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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hunting energy services limited Companies House Filings - See Documents
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