hub north scotland limited
hub north scotland limited Company Information
Company Number
SC390666
Website
www.hubnorthscotland.co.ukRegistered Address
2nd floor 2 lochside view, edinburgh, EH12 9DH
Industry
Development of building projects
Construction of commercial buildings
Telephone
01224639383
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
acp north hub ltd 60%
scottish futures trust investments ltd 10%
View Allhub north scotland limited Estimated Valuation
Pomanda estimates the enterprise value of HUB NORTH SCOTLAND LIMITED at £26.4m based on a Turnover of £47.9m and 0.55x industry multiple (adjusted for size and gross margin).
hub north scotland limited Estimated Valuation
Pomanda estimates the enterprise value of HUB NORTH SCOTLAND LIMITED at £3.6m based on an EBITDA of £781.9k and a 4.56x industry multiple (adjusted for size and gross margin).
hub north scotland limited Estimated Valuation
Pomanda estimates the enterprise value of HUB NORTH SCOTLAND LIMITED at £4.2m based on Net Assets of £3.2m and 1.3x industry multiple (adjusted for liquidity).
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Hub North Scotland Limited Overview
Hub North Scotland Limited is a live company located in edinburgh, EH12 9DH with a Companies House number of SC390666. It operates in the development of building projects sector, SIC Code 41100. Founded in December 2010, it's largest shareholder is acp north hub ltd with a 60% stake. Hub North Scotland Limited is a established, large sized company, Pomanda has estimated its turnover at £47.9m with declining growth in recent years.
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Hub North Scotland Limited Health Check
Pomanda's financial health check has awarded Hub North Scotland Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £47.9m, make it larger than the average company (£6.9m)
£47.9m - Hub North Scotland Limited
£6.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (2.6%)
-5% - Hub North Scotland Limited
2.6% - Industry AVG
Production
with a gross margin of 5.3%, this company has a higher cost of product (19.7%)
5.3% - Hub North Scotland Limited
19.7% - Industry AVG
Profitability
an operating margin of 1.6% make it less profitable than the average company (6.5%)
1.6% - Hub North Scotland Limited
6.5% - Industry AVG
Employees
with 154 employees, this is above the industry average (20)
- Hub North Scotland Limited
20 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Hub North Scotland Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £311.3k, this is equally as efficient (£315.3k)
- Hub North Scotland Limited
£315.3k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (40 days)
10 days - Hub North Scotland Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (34 days)
13 days - Hub North Scotland Limited
34 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hub North Scotland Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (17 weeks)
26 weeks - Hub North Scotland Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.7%, this is a higher level of debt than the average (73.8%)
94.7% - Hub North Scotland Limited
73.8% - Industry AVG
HUB NORTH SCOTLAND LIMITED financials
Hub North Scotland Limited's latest turnover from December 2022 is £47.9 million and the company has net assets of £3.2 million. According to their latest financial statements, we estimate that Hub North Scotland Limited has 154 employees and maintains cash reserves of £9.4 million 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 47,939,776 | 32,990,413 | 47,827,720 | 56,519,115 | 20,482,789 | 29,920,087 | 57,729,759 | 98,206,704 | 58,233,989 | 35,567,424 | 10,044,321 | 56,412 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 45,418,348 | 31,960,002 | 47,128,002 | 54,955,951 | 19,137,939 | 28,428,463 | 55,332,751 | 95,858,879 | 56,209,880 | 35,025,870 | 9,418,485 | 56,412 |
| Gross Profit | 2,521,428 | 1,030,411 | 699,718 | 1,563,164 | 1,344,850 | 1,491,624 | 2,397,008 | 2,347,825 | 2,024,109 | 541,554 | 625,836 | 0 |
| Admin Expenses | 1,739,518 | 1,414,016 | 1,234,645 | 1,550,495 | 1,146,959 | 1,367,689 | 1,731,334 | 1,573,231 | 1,019,947 | 693,959 | 405,273 | 311,125 |
| Operating Profit | 781,910 | -383,605 | -534,927 | 12,669 | 197,891 | 123,935 | 665,674 | 774,594 | 1,004,162 | -152,405 | 220,563 | -311,125 |
| Interest Payable | 2,322,915 | 2,426,173 | 2,522,048 | 2,618,920 | 2,702,327 | 2,791,286 | 5,021,177 | 4,336,520 | 1,757,920 | 101,788 | 6,894 | 3,373 |
| Interest Receivable | 2,541,419 | 2,583,828 | 2,707,961 | 2,790,255 | 2,859,755 | 2,932,652 | 5,323,456 | 4,642,452 | 1,818,156 | 96,481 | 0 | 0 |
| Pre-Tax Profit | 1,000,414 | -225,950 | -349,014 | 184,004 | 355,319 | 265,301 | 962,114 | 1,080,526 | 1,064,398 | -157,712 | 213,669 | -314,498 |
| Tax | -198,361 | -158,559 | -294,138 | -38,615 | -36,913 | -19,318 | -194,309 | -143,235 | -266,461 | 0 | 0 | 0 |
| Profit After Tax | 802,053 | -384,509 | -643,152 | 145,389 | 318,406 | 245,983 | 767,805 | 937,291 | 797,937 | -157,712 | 213,669 | -314,498 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 802,053 | -384,509 | -643,152 | 145,389 | 318,406 | 245,983 | 767,805 | 937,291 | 797,937 | -157,712 | 213,669 | -314,498 |
| Employee Costs | 0 | 0 | 75,367 | 28,560 | 27,419 | 24,773 | 22,247 | 0 | ||||
| Number Of Employees | 9 | 10 | 8 | |||||||||
| EBITDA* | 781,910 | -383,605 | -534,927 | 12,669 | 197,891 | 123,935 | 665,674 | 774,594 | 1,004,162 | -152,405 | 220,563 | -311,125 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 42,771,266 | 44,529,467 | 46,220,389 | 47,497,924 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 371,963 | 223,910 | 1,334,867 | 1,533,197 | 48,758,263 | 50,100,426 | 51,406,587 | 104,733,799 | 57,121,912 | 28,588,326 | 6,710,604 | 0 |
| Total Fixed Assets | 43,143,229 | 44,753,377 | 47,555,256 | 49,031,121 | 48,758,263 | 50,100,426 | 51,406,587 | 104,733,799 | 57,121,912 | 28,588,326 | 6,710,604 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,420,051 | 712,971 | 796,126 | 2,080,836 | 1,636,739 | 3,790,780 | 2,437,883 | 3,159,639 | 1,982,406 | 1,165,725 | 175,687 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 122,699 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,613,661 | 5,143,902 | 5,426,815 | 5,405,119 | 2,973,286 | 560,309 | 111,639 | 2,306,832 | 2,632,089 | 2,179,265 | 818,497 | 146,155 |
| Cash | 9,430,206 | 6,188,827 | 4,005,704 | 4,921,452 | 8,465,017 | 3,647,916 | 5,893,856 | 7,632,260 | 8,625,084 | 3,850,511 | 2,990,331 | 310,722 |
| misc current assets | 1,724,604 | 1,521,974 | 1,422,225 | 1,414,400 | 1,786,182 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 18,188,522 | 13,567,674 | 11,650,870 | 13,821,807 | 16,645,798 | 7,999,005 | 8,443,378 | 13,221,430 | 13,239,579 | 7,195,501 | 3,984,515 | 456,877 |
| total assets | 61,331,751 | 58,321,051 | 59,206,126 | 62,852,928 | 65,404,061 | 58,099,431 | 59,849,965 | 117,955,229 | 70,361,491 | 35,783,827 | 10,695,119 | 456,877 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,655,375 | 1,825,106 | 813,572 | 617,754 | 4,514,061 | 1,462,396 | 1,067,252 | 2,578,121 | 3,784,149 | 4,413,944 | 1,436,959 | 3,175 |
| Group/Directors Accounts | 0 | 0 | 0 | 104,859 | 67,095 | 1,757,852 | 79,992 | 0 | 8,699,478 | 48,428 | 55,631 | 134,358 |
| other short term finances | 2,812,021 | 2,231,907 | 2,005,732 | 1,854,943 | 15,882 | 209,829 | 2,334,710 | 2,188,017 | 600,000 | 1,569,872 | 360,000 | 518,948 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 13,795,572 | 10,311,604 | 7,698,044 | 10,803,696 | 7,409,723 | 3,911,247 | 4,165,074 | 7,576,411 | 5,943,915 | 880,066 | 119,489 | 114,724 |
| total current liabilities | 18,262,968 | 14,368,617 | 10,517,348 | 13,381,252 | 15,417,133 | 7,341,324 | 7,647,028 | 12,342,549 | 19,027,542 | 6,912,310 | 1,972,079 | 771,205 |
| loans | 38,312,734 | 40,470,997 | 42,561,272 | 44,550,955 | 46,464,502 | 48,267,464 | 49,958,277 | 104,135,825 | 50,794,385 | 29,129,888 | 8,823,699 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 371,963 | 223,910 | 2,669,734 | 1,533,997 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,160,232 | 835,726 | 651,462 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 39,844,929 | 41,530,633 | 45,882,468 | 46,084,952 | 46,745,593 | 48,267,464 | 49,958,277 | 104,135,825 | 50,794,385 | 29,129,888 | 8,823,699 | 0 |
| total liabilities | 58,107,897 | 55,899,250 | 56,399,816 | 59,466,204 | 62,162,726 | 55,608,788 | 57,605,305 | 116,478,374 | 69,821,927 | 36,042,198 | 10,795,778 | 771,205 |
| net assets | 3,223,854 | 2,421,801 | 2,806,310 | 3,386,724 | 3,241,335 | 2,490,643 | 2,244,660 | 1,476,855 | 539,564 | -258,371 | -100,659 | -314,328 |
| total shareholders funds | 3,223,854 | 2,421,801 | 2,806,310 | 3,386,724 | 3,241,335 | 2,490,643 | 2,244,660 | 1,476,855 | 539,564 | -258,371 | -100,659 | -314,328 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 781,910 | -383,605 | -534,927 | 12,669 | 197,891 | 123,935 | 665,674 | 774,594 | 1,004,162 | -152,405 | 220,563 | -311,125 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -198,361 | -158,559 | -294,138 | -38,615 | -36,913 | -19,318 | -194,309 | -143,235 | -266,461 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,324,892 | -1,477,025 | -1,461,344 | -45,703,032 | 270,669 | 495,406 | -56,366,860 | 48,586,562 | 29,803,091 | 24,228,528 | 7,558,633 | 146,155 |
| Creditors | -169,731 | 1,011,534 | 195,818 | -3,896,307 | 3,051,665 | 395,144 | -1,510,869 | -1,206,028 | -629,795 | 2,976,985 | 1,433,784 | 3,175 |
| Accruals and Deferred Income | 3,483,968 | 2,613,560 | -3,105,652 | 3,393,973 | 3,498,476 | -253,827 | -3,411,337 | 1,632,496 | 5,063,849 | 760,577 | 4,765 | 114,724 |
| Deferred Taxes & Provisions | 324,506 | 184,264 | 651,462 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,897,400 | 4,744,219 | -1,626,093 | 45,174,752 | 6,440,450 | -249,472 | 51,916,019 | -47,528,735 | -24,631,336 | -20,643,371 | -5,899,521 | -339,381 |
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Change in Investments | -1,758,201 | -1,690,922 | -1,277,535 | 47,497,924 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 1,758,201 | 1,690,922 | 1,277,535 | -47,497,924 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -104,859 | 37,764 | -1,690,757 | 1,677,860 | 79,992 | -8,699,478 | 8,651,050 | -7,203 | -78,727 | 134,358 |
| Other Short Term Loans | 580,114 | 226,175 | 150,789 | 1,839,061 | -193,947 | -2,124,881 | 146,693 | 1,588,017 | -969,872 | 1,209,872 | -158,948 | 518,948 |
| Long term loans | -2,158,263 | -2,090,275 | -1,989,683 | -1,913,547 | -1,802,962 | -1,690,813 | -54,177,548 | 53,341,440 | 21,664,497 | 20,306,189 | 8,823,699 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 148,053 | -2,445,824 | 1,135,737 | 1,533,997 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | 218,504 | 157,655 | 185,913 | 171,335 | 157,428 | 141,366 | 302,279 | 305,932 | 60,236 | -5,307 | -6,894 | -3,373 |
| cash flow from financing | -1,211,592 | -4,152,269 | -559,365 | 1,668,610 | -3,097,952 | -1,996,468 | -53,648,584 | 46,535,911 | 29,405,909 | 21,503,551 | 8,579,130 | 650,103 |
| cash and cash equivalents | ||||||||||||
| cash | 3,241,379 | 2,183,123 | -915,748 | -3,543,565 | 4,817,101 | -2,245,940 | -1,738,404 | -992,824 | 4,774,573 | 860,180 | 2,679,609 | 310,722 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,241,379 | 2,183,123 | -915,748 | -3,543,565 | 4,817,101 | -2,245,940 | -1,738,404 | -992,824 | 4,774,573 | 860,180 | 2,679,609 | 310,722 |
hub north scotland limited Credit Report and Business Information
Hub North Scotland Limited Competitor Analysis
Perform a competitor analysis for hub north scotland limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
hub north scotland limited Ownership
HUB NORTH SCOTLAND LIMITED group structure
Hub North Scotland Limited has 3 subsidiary companies.
Ultimate parent company
2 parents
HUB NORTH SCOTLAND LIMITED
SC390666
3 subsidiaries
hub north scotland limited directors
Hub North Scotland Limited currently has 8 directors. The longest serving directors include Mr Paul McGirk (Sep 2014) and Mr Philip McVey (Jun 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul McGirk | Scotland | 64 years | Sep 2014 | - | Director |
| Mr Philip McVey | Scotland | 64 years | Jun 2016 | - | Director |
| Mr Nial Gemmell | 55 years | Nov 2017 | - | Director | |
| Miss Kirsty O'Brien | England | 41 years | Apr 2019 | - | Director |
| Mr Michael Felton | England | 59 years | Apr 2019 | - | Director |
| Mr Stewart Small | United Kingdom | 48 years | Dec 2022 | - | Director |
| Mr Alan Wood | Scotland | 55 years | Jan 2023 | - | Director |
| Mr Alan Wilson | United Kingdom | 52 years | Feb 2024 | - | Director |
P&L
December 2022turnover
47.9m
+45%
operating profit
781.9k
-304%
gross margin
5.3%
+68.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.2m
+0.33%
total assets
61.3m
+0.05%
cash
9.4m
+0.52%
net assets
Total assets minus all liabilities
hub north scotland limited company details
company number
SC390666
Type
Private limited with Share Capital
industry
41100 - Development of building projects
41201 - Construction of commercial buildings
incorporation date
December 2010
age
14
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
2nd floor 2 lochside view, edinburgh, EH12 9DH
last accounts submitted
December 2022
hub north scotland 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 hub north scotland limited. Currently there are 4 open charges and 4 have been satisfied in the past.
hub north scotland limited Companies House Filings - See Documents
| date | description | view/download |
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