joseph holt limited
joseph holt limited Company Information
Company Number
00182757
Website
www.joseph-holt.comRegistered Address
the brewery, empire street, cheetham, manchester, M3 1JD
Industry
Manufacture of beer
Telephone
01618343285
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
joseph holt group ltd 100%
richard kershaw 0%
joseph holt limited Estimated Valuation
Pomanda estimates the enterprise value of JOSEPH HOLT LIMITED at £180.1m based on a Turnover of £70.2m and 2.57x industry multiple (adjusted for size and gross margin).
joseph holt limited Estimated Valuation
Pomanda estimates the enterprise value of JOSEPH HOLT LIMITED at £110.7m based on an EBITDA of £8.4m and a 13.2x industry multiple (adjusted for size and gross margin).
joseph holt limited Estimated Valuation
Pomanda estimates the enterprise value of JOSEPH HOLT LIMITED at £238.5m based on Net Assets of £104.4m and 2.29x industry multiple (adjusted for liquidity).
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Joseph Holt Limited Overview
Joseph Holt Limited is a live company located in cheetham, M3 1JD with a Companies House number of 00182757. It operates in the manufacture of beer sector, SIC Code 11050. Founded in June 1922, it's largest shareholder is joseph holt group ltd with a 100% stake. Joseph Holt Limited is a mature, large sized company, Pomanda has estimated its turnover at £70.2m with declining growth in recent years.
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Joseph Holt Limited Health Check
Pomanda's financial health check has awarded Joseph Holt Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
4 Regular
1 Weak
Size
annual sales of £70.2m, make it larger than the average company (£13m)
£70.2m - Joseph Holt Limited
£13m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a faster rate (-1.3%)
- Joseph Holt Limited
-1.3% - Industry AVG
Production
with a gross margin of 67.5%, this company has a lower cost of product (33.3%)
67.5% - Joseph Holt Limited
33.3% - Industry AVG
Profitability
an operating margin of 7.3% make it more profitable than the average company (1.9%)
7.3% - Joseph Holt Limited
1.9% - Industry AVG
Employees
with 677 employees, this is above the industry average (89)
677 - Joseph Holt Limited
89 - Industry AVG
Pay Structure
on an average salary of £22k, the company has an equivalent pay structure (£27.2k)
£22k - Joseph Holt Limited
£27.2k - Industry AVG
Efficiency
resulting in sales per employee of £103.7k, this is equally as efficient (£103.7k)
£103.7k - Joseph Holt Limited
£103.7k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (42 days)
8 days - Joseph Holt Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is quicker than average (55 days)
43 days - Joseph Holt Limited
55 days - Industry AVG
Stock Days
it holds stock equivalent to 42 days, this is in line with average (37 days)
42 days - Joseph Holt Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is average cash available to meet short term requirements (6 weeks)
6 weeks - Joseph Holt Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17%, this is a lower level of debt than the average (62.7%)
17% - Joseph Holt Limited
62.7% - Industry AVG
joseph holt limited Credit Report and Business Information
Joseph Holt Limited Competitor Analysis
Perform a competitor analysis for joseph holt limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
joseph holt limited Ownership
JOSEPH HOLT LIMITED group structure
Joseph Holt Limited has 4 subsidiary companies.
Ultimate parent company
1 parent
JOSEPH HOLT LIMITED
00182757
4 subsidiaries
joseph holt limited directors
Joseph Holt Limited currently has 4 directors. The longest serving directors include Mr Richard Kershaw (Jul 1991) and Mr Philip Rowan (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Kershaw | 69 years | Jul 1991 | - | Director | |
| Mr Philip Rowan | 62 years | Jan 2017 | - | Director | |
| Mr Mark Norbury | 62 years | Jan 2020 | - | Director | |
| Miss Jane Kershaw | 37 years | Sep 2021 | - | Director |
JOSEPH HOLT LIMITED financials
Joseph Holt Limited's latest turnover from December 2022 is £70.2 million and the company has net assets of £104.4 million. According to their latest financial statements, Joseph Holt Limited has 677 employees and maintains cash reserves of £1.8 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 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 70,192,000 | 41,486,000 | 34,253,000 | 70,452,000 | 67,349,000 | 64,476,000 | 59,205,268 | 54,268,637 | 47,736,533 | 46,209,006 | 45,020,243 | 46,574,090 | 45,132,423 | 44,836,586 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 22,796,000 | 13,186,000 | 11,491,000 | 23,529,000 | 23,449,000 | 22,686,000 | 20,687,475 | 19,058,987 | 16,991,971 | 16,978,190 | 17,019,202 | 17,423,673 | 16,905,053 | 15,998,734 |
| Gross Profit | 47,396,000 | 28,300,000 | 22,762,000 | 46,923,000 | 43,900,000 | 41,790,000 | 38,517,793 | 35,209,650 | 30,744,562 | 29,230,816 | 28,001,041 | 29,150,417 | 28,227,370 | 28,837,852 |
| Admin Expenses | 42,266,000 | 24,710,000 | 23,660,000 | 42,899,000 | 39,820,000 | 38,453,000 | 35,490,986 | 32,222,147 | 28,320,300 | 26,451,955 | 24,592,008 | 25,982,216 | 25,321,838 | 25,654,139 |
| Operating Profit | 5,130,000 | 3,590,000 | -898,000 | 4,024,000 | 4,080,000 | 3,337,000 | 3,026,807 | 2,987,503 | 2,424,262 | 2,778,861 | 3,409,033 | 3,168,201 | 2,905,532 | 3,183,713 |
| Interest Payable | 0 | 0 | 192,000 | 256,000 | 272,000 | 325,000 | 382,344 | 390,192 | 432,331 | 369,893 | 395,643 | 430,274 | 466,566 | 461,790 |
| Interest Receivable | 41,000 | 37,000 | 224,000 | 276,000 | 276,000 | 315,000 | 393,739 | 365,711 | 461,655 | 443,641 | 480,527 | 551,000 | 480,000 | 0 |
| Pre-Tax Profit | 5,573,000 | 3,729,000 | -1,922,000 | 4,577,000 | 4,540,000 | 3,297,000 | 3,049,367 | 3,025,265 | 2,532,563 | 2,819,321 | 3,648,582 | 3,762,136 | 2,949,814 | 4,350,313 |
| Tax | -1,970,000 | -3,335,000 | -213,000 | -824,000 | -784,000 | -111,000 | -618,378 | -624,678 | -631,693 | -428,979 | -983,990 | -1,133,433 | -919,907 | -1,488,207 |
| Profit After Tax | 3,603,000 | 394,000 | -2,135,000 | 3,753,000 | 3,756,000 | 3,186,000 | 2,430,989 | 2,400,587 | 1,900,870 | 2,390,342 | 2,664,592 | 2,628,703 | 2,029,907 | 2,862,106 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,300,000 | 0 |
| Retained Profit | 3,603,000 | 394,000 | -2,135,000 | 3,753,000 | 3,756,000 | 3,186,000 | 2,430,989 | 2,400,587 | 1,900,870 | 2,390,342 | 2,664,592 | 2,628,703 | -15,270,093 | 2,862,106 |
| Employee Costs | 14,893,000 | 13,044,000 | 13,657,000 | 15,690,000 | 14,457,000 | 14,593,000 | 14,126,118 | 11,375,288 | 10,656,811 | 11,201,043 | 12,262,789 | 14,042,331 | 13,919,470 | 13,513,705 |
| Number Of Employees | 677 | 667 | 838 | 876 | 828 | 896 | 886 | 766 | 772 | 872 | 1,052 | 1,271 | 1,339 | 1,361 |
| EBITDA* | 8,383,000 | 7,328,000 | 3,315,000 | 8,177,000 | 8,093,000 | 7,193,000 | 6,349,406 | 6,043,919 | 5,202,817 | 5,214,401 | 5,968,476 | 5,963,074 | 5,753,560 | 5,891,912 |
* 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 | 93,203,000 | 95,003,000 | 97,541,000 | 100,032,000 | 96,137,000 | 96,239,000 | 91,064,921 | 89,044,712 | 86,760,511 | 82,647,387 | 80,986,314 | 77,693,981 | 80,997,006 | 80,431,967 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 5,453,000 | 5,453,000 | 5,453,000 | 4,503,000 | 4,503,000 | 4,503,000 | 4,465,550 | 2,709,395 | 2,709,395 | 2,536,952 | 2,536,952 | 100 | 100 | 100 |
| Debtors (Due After 1 year) | 1,082,000 | 1,285,000 | 1,316,000 | 1,336,000 | 1,311,000 | 941,000 | 918,056 | 820,611 | 1,032,699 | 1,347,645 | 1,159,292 | 821,598 | 707,020 | 720,910 |
| Total Fixed Assets | 99,738,000 | 101,741,000 | 104,310,000 | 105,871,000 | 101,951,000 | 101,683,000 | 96,448,527 | 92,574,718 | 90,502,605 | 86,531,984 | 84,682,558 | 78,515,679 | 81,704,126 | 81,152,977 |
| Stock & work in progress | 2,632,000 | 2,601,000 | 1,650,000 | 2,276,000 | 2,345,000 | 2,365,000 | 2,349,432 | 2,378,740 | 2,260,624 | 2,180,921 | 2,031,772 | 1,866,601 | 1,995,130 | 1,859,956 |
| Trade Debtors | 1,564,000 | 1,073,000 | 489,000 | 1,675,000 | 1,624,000 | 1,198,000 | 894,734 | 858,967 | 730,566 | 673,266 | 723,334 | 977,136 | 1,197,217 | 1,261,656 |
| Group Debtors | 18,197,000 | 12,815,000 | 6,630,000 | 7,183,000 | 6,766,000 | 3,913,000 | 8,089,695 | 7,539,916 | 6,872,717 | 8,288,876 | 7,708,781 | 7,148,357 | 552,687 | 17,297,336 |
| Misc Debtors | 1,755,000 | 1,345,000 | 2,252,000 | 2,147,000 | 1,976,000 | 1,902,000 | 2,192,595 | 2,006,162 | 2,868,221 | 2,481,935 | 2,164,988 | 1,818,693 | 1,508,064 | 1,636,291 |
| Cash | 1,761,000 | 1,289,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 525,140 | 2,179,080 | 2,410,258 | 2,313,846 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 25,909,000 | 19,123,000 | 11,021,000 | 13,281,000 | 12,711,000 | 9,378,000 | 13,526,456 | 12,783,785 | 12,732,128 | 13,624,998 | 13,154,015 | 13,989,867 | 7,663,356 | 24,369,085 |
| total assets | 125,647,000 | 120,864,000 | 115,331,000 | 119,152,000 | 114,662,000 | 111,061,000 | 109,974,983 | 105,358,503 | 103,234,733 | 100,156,982 | 97,836,573 | 92,505,546 | 89,367,482 | 105,522,062 |
| Bank overdraft | 0 | 0 | 1,378,000 | 1,675,000 | 989,000 | 447,000 | 1,989,160 | 893,622 | 1,540,285 | 135,552 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,714,000 | 3,431,000 | 1,558,000 | 2,706,000 | 2,342,000 | 3,100,000 | 2,523,059 | 1,736,112 | 2,394,885 | 1,847,359 | 1,765,243 | 1,321,124 | 1,572,867 | 1,446,529 |
| Group/Directors Accounts | 3,358,000 | 3,358,000 | 3,680,000 | 2,537,000 | 2,537,000 | 2,537,000 | 2,536,952 | 2,536,952 | 2,536,952 | 2,536,952 | 2,536,952 | 100 | 100 | 100 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 7,996,000 | 6,863,000 | 4,403,000 | 6,206,000 | 6,274,000 | 5,964,000 | 6,251,283 | 5,707,135 | 4,490,739 | 5,160,365 | 5,254,448 | 5,532,250 | 3,951,934 | 4,537,350 |
| total current liabilities | 14,068,000 | 13,652,000 | 11,019,000 | 13,124,000 | 12,142,000 | 12,048,000 | 13,300,454 | 10,873,821 | 10,962,861 | 9,680,228 | 9,556,643 | 6,853,474 | 5,524,901 | 5,983,979 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 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 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 7,228,000 | 6,464,000 | 3,958,000 | 3,539,000 | 3,595,000 | 3,655,000 | 4,315,293 | 4,374,915 | 4,402,692 | 4,340,444 | 93,545 | 134,779 | 241,791 | 367,000 |
| total long term liabilities | 7,228,000 | 6,464,000 | 3,958,000 | 3,539,000 | 3,595,000 | 3,655,000 | 4,441,653 | 4,623,715 | 5,288,292 | 4,870,844 | 795,765 | 909,579 | 241,791 | 1,513,900 |
| total liabilities | 21,296,000 | 20,116,000 | 14,977,000 | 16,663,000 | 15,737,000 | 15,703,000 | 17,742,107 | 15,497,536 | 16,251,153 | 14,551,072 | 10,352,408 | 7,763,053 | 5,766,692 | 7,497,879 |
| net assets | 104,351,000 | 100,748,000 | 100,354,000 | 102,489,000 | 98,925,000 | 95,358,000 | 92,232,876 | 89,860,967 | 86,983,580 | 85,605,910 | 87,484,165 | 84,742,493 | 83,600,790 | 98,024,183 |
| total shareholders funds | 104,351,000 | 100,748,000 | 100,354,000 | 102,489,000 | 98,925,000 | 95,358,000 | 92,232,876 | 89,860,967 | 86,983,580 | 85,605,910 | 87,484,165 | 84,742,493 | 83,600,790 | 98,024,183 |
| 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 | 5,130,000 | 3,590,000 | -898,000 | 4,024,000 | 4,080,000 | 3,337,000 | 3,026,807 | 2,987,503 | 2,424,262 | 2,778,861 | 3,409,033 | 3,168,201 | 2,905,532 | 3,183,713 |
| Depreciation | 3,253,000 | 3,738,000 | 4,213,000 | 4,153,000 | 4,013,000 | 3,856,000 | 3,322,599 | 3,056,416 | 2,778,555 | 2,435,540 | 2,559,443 | 2,794,873 | 2,848,028 | 2,708,199 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,970,000 | -3,335,000 | -213,000 | -824,000 | -784,000 | -111,000 | -618,378 | -624,678 | -631,693 | -428,979 | -983,990 | -1,133,433 | -919,907 | -1,488,207 |
| Stock | 31,000 | 951,000 | -626,000 | -69,000 | -20,000 | 15,568 | -29,308 | 118,116 | 79,703 | 149,149 | 165,171 | -128,529 | 135,174 | 1,859,956 |
| Debtors | 6,080,000 | 5,831,000 | -1,654,000 | 664,000 | 3,723,000 | -4,141,080 | 869,424 | -278,547 | -1,287,519 | 1,035,327 | 990,611 | 6,800,796 | -16,951,205 | 20,916,193 |
| Creditors | -717,000 | 1,873,000 | -1,148,000 | 364,000 | -758,000 | 576,941 | 786,947 | -658,773 | 547,526 | 82,116 | 444,119 | -251,743 | 126,338 | 1,446,529 |
| Accruals and Deferred Income | 1,133,000 | 2,460,000 | -1,803,000 | -68,000 | 310,000 | -287,283 | 544,148 | 1,216,396 | -669,626 | -94,083 | -277,802 | 1,580,316 | -585,416 | 4,537,350 |
| Deferred Taxes & Provisions | 764,000 | 2,506,000 | 419,000 | -56,000 | -60,000 | -660,293 | -59,622 | -27,777 | 62,248 | 4,246,899 | -41,234 | -107,012 | -125,209 | 367,000 |
| Cash flow from operations | 1,482,000 | 4,050,000 | 2,850,000 | 6,998,000 | 3,098,000 | 10,836,877 | 6,162,385 | 6,109,518 | 5,719,088 | 7,835,878 | 3,953,787 | -621,065 | 21,065,397 | -12,021,565 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 950,000 | 0 | 0 | 37,450 | 1,756,155 | 0 | 172,443 | 0 | 2,536,852 | 0 | 0 | 100 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -322,000 | 1,143,000 | 0 | 0 | 48 | 0 | 0 | 0 | 0 | 2,536,852 | 0 | 0 | 100 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 41,000 | 37,000 | 32,000 | 20,000 | 4,000 | -10,000 | 11,395 | -24,481 | 29,324 | 73,748 | 84,884 | 120,726 | 13,434 | -461,790 |
| cash flow from financing | 41,000 | -285,000 | 1,175,000 | -169,000 | -185,000 | -70,828 | -47,685 | 452,319 | -493,876 | -4,194,849 | 2,698,816 | -1,366,274 | 860,134 | 94,700,387 |
| cash and cash equivalents | ||||||||||||||
| cash | 472,000 | 1,289,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -525,140 | -1,653,940 | -231,178 | 96,412 | 2,313,846 |
| overdraft | 0 | -1,378,000 | -297,000 | 686,000 | 542,000 | -1,542,160 | 1,095,538 | -646,663 | 1,404,733 | 135,552 | 0 | 0 | 0 | 0 |
| change in cash | 472,000 | 2,667,000 | 297,000 | -686,000 | -542,000 | 1,542,160 | -1,095,538 | 646,663 | -1,404,733 | -660,692 | -1,653,940 | -231,178 | 96,412 | 2,313,846 |
P&L
December 2022turnover
70.2m
+69%
operating profit
5.1m
+43%
gross margin
67.6%
-1.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
104.4m
+0.04%
total assets
125.6m
+0.04%
cash
1.8m
+0.37%
net assets
Total assets minus all liabilities
joseph holt limited company details
company number
00182757
Type
Private limited with Share Capital
industry
11050 - Manufacture of beer
incorporation date
June 1922
age
102
accounts
Full Accounts
ultimate parent company
previous names
joseph holt p l c (July 2000)
incorporated
UK
address
the brewery, empire street, cheetham, manchester, M3 1JD
last accounts submitted
December 2022
joseph holt 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 4 charges/mortgages relating to joseph holt limited. Currently there are 4 open charges and 0 have been satisfied in the past.
joseph holt limited Companies House Filings - See Documents
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