hobbs estates ltd

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hobbs estates ltd Company Information

Share HOBBS ESTATES LTD

Company Number

00600419

Shareholders

benjamin scott hobbs

malcolm eric hobbs

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Group Structure

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Industry

Growing of cereals (except rice), leguminous crops and oil seeds

 

Registered Address

honeywood farm, earls colne business park, colchester, essex, CO6 2NS

hobbs estates ltd Estimated Valuation

£2m

Pomanda estimates the enterprise value of HOBBS ESTATES LTD at £2m based on a Turnover of £3.9m and 0.51x industry multiple (adjusted for size and gross margin).

hobbs estates ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of HOBBS ESTATES LTD at £0 based on an EBITDA of £-814.8k and a 3.26x industry multiple (adjusted for size and gross margin).

hobbs estates ltd Estimated Valuation

£66.1m

Pomanda estimates the enterprise value of HOBBS ESTATES LTD at £66.1m based on Net Assets of £44m and 1.5x industry multiple (adjusted for liquidity).

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Hobbs Estates Ltd Overview

Hobbs Estates Ltd is a live company located in colchester, CO6 2NS with a Companies House number of 00600419. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in March 1958, it's largest shareholder is benjamin scott hobbs with a 64.6% stake. Hobbs Estates Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.9m with declining growth in recent years.

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Hobbs Estates Ltd Health Check

Pomanda's financial health check has awarded Hobbs Estates Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £3.9m, make it smaller than the average company (£7.2m)

£3.9m - Hobbs Estates Ltd

£7.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (7.1%)

-5% - Hobbs Estates Ltd

7.1% - Industry AVG

production

Production

with a gross margin of 29.5%, this company has a comparable cost of product (29.5%)

29.5% - Hobbs Estates Ltd

29.5% - Industry AVG

profitability

Profitability

an operating margin of -22.9% make it less profitable than the average company (7.6%)

-22.9% - Hobbs Estates Ltd

7.6% - Industry AVG

employees

Employees

with 19 employees, this is below the industry average (51)

19 - Hobbs Estates Ltd

51 - Industry AVG

paystructure

Pay Structure

on an average salary of £36.8k, the company has an equivalent pay structure (£36.8k)

£36.8k - Hobbs Estates Ltd

£36.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £207.3k, this is more efficient (£168.8k)

£207.3k - Hobbs Estates Ltd

£168.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 56 days, this is later than average (41 days)

56 days - Hobbs Estates Ltd

41 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 121 days, this is slower than average (38 days)

121 days - Hobbs Estates Ltd

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 37 days, this is less than average (93 days)

37 days - Hobbs Estates Ltd

93 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (13 weeks)

5 weeks - Hobbs Estates Ltd

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 28.8%, this is a lower level of debt than the average (43.1%)

28.8% - Hobbs Estates Ltd

43.1% - Industry AVG

HOBBS ESTATES LTD financials

EXPORTms excel logo

Hobbs Estates Ltd's latest turnover from April 2024 is estimated at £3.9 million and the company has net assets of £44 million. According to their latest financial statements, Hobbs Estates Ltd has 19 employees and maintains cash reserves of £231.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover3,939,3004,826,3214,840,6184,528,1563,068,9612,644,1662,742,8931,537,4881,864,4394,035,0393,254,4572,707,7012,844,3233,143,6292,743,281
Other Income Or Grants
Cost Of Sales2,778,8143,368,8363,454,3713,347,6192,253,3021,819,3521,957,0551,069,1631,296,5242,784,5572,196,1051,748,2881,730,381364,653
Gross Profit1,160,4861,457,4861,386,2471,180,537815,659824,814785,838468,324567,9151,250,4821,058,351959,4131,113,9422,778,9762,743,281
Admin Expenses2,062,268138,448-155,013391,985-1,105,784-1,244,201-297,273-786,040-709,902664,968326,006-168,957257,3481,577,2262,128,898
Operating Profit-901,7821,319,0381,541,260788,5521,921,4432,069,0151,083,1111,254,3641,277,817585,514732,3451,128,370856,5941,201,750614,383
Interest Payable834,382825,852424,931275,138311,546318,362266,689273,906149,01343,14455,85722,8078,08911,006
Interest Receivable24,23692,60619,4511,6751,8126,7363611,2543,5623,0594,0921,688807355
Pre-Tax Profit-1,711,928585,7921,135,780515,0881,611,7091,757,389816,783981,7121,132,366588,573693,2921,074,201833,8671,193,734609,181
Tax-146,448-215,798-97,867-306,225-333,904-155,189-186,525-226,473-117,714-145,591-263,749-198,212-331,686-156,763
Profit After Tax-1,711,928439,344919,982417,2211,305,4841,423,485661,594795,187905,893470,858547,701810,452635,655862,048452,418
Dividends Paid
Retained Profit-1,711,928439,344919,982417,2211,305,4841,423,485661,594795,187905,893470,858547,701810,452635,655862,048452,418
Employee Costs698,649640,400495,678447,353360,409391,803369,485364,536367,999807,519660,774587,167605,315895,5781,364,941
Number Of Employees191815141213131313282420222525
EBITDA*-814,7611,401,3321,617,103848,3811,967,5542,128,3361,138,2331,312,5091,345,559665,731779,3701,195,986937,8111,301,159686,401

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets55,261,78755,247,67455,228,48750,180,53035,137,98335,170,28335,174,23130,173,54130,219,05927,448,02125,453,80124,315,50624,363,74432,821,66931,494,068
Intangible Assets
Investments & Other5,000,0006,000,0006,000,0006,000,0006,000,0006,000,0004,000,0005,000,0002,500,0001,000,000950,899947,504
Debtors (Due After 1 year)
Total Fixed Assets60,261,78761,247,67461,228,48756,180,53041,137,98341,170,28339,174,23135,173,54132,719,05928,448,02126,404,70025,263,01024,363,74432,821,66931,494,068
Stock & work in progress286,05415,647786,180762,293557,638
Trade Debtors610,446709,797676,495614,637470,166406,500381,158222,040149,374317,287211,099137,212339,648499,962139,252
Group Debtors
Misc Debtors332,827220,61056,9671,017,7711,017,812178,571179,61762,159181,05445,04376,46864,03534,545
Cash231,413691,8573,666,0781,520,9271,828,2161,795,557595143,679859,751565,030658,423978,1991,2614,0484,217
misc current assets50505050505050
total current assets1,460,7901,622,3144,399,5903,153,3853,316,2442,380,678561,420443,5751,190,2291,668,4971,631,8151,718,092417,377568,045178,014
total assets61,722,57762,869,98865,628,07759,333,91544,454,22743,550,96139,735,65135,617,11633,909,28830,116,51828,036,51526,981,10224,781,12133,389,71431,672,082
Bank overdraft712,500640,740200,806355,000405,000190,000133,127731,563328,122
Bank loan639,985599,268599,921399,659305,000
Trade Creditors 924,489610,119909,976511,674484,226484,726441,475440,394428,0361,396,1841,159,702522,496425,003603,976408,376
Group/Directors Accounts28,62225,96369,053478,375
other short term finances
hp & lease commitments
other current liabilities521,310292,656330,255541,914610,900331,213250,481544,181503,219698,766631,9081,106,819464,850
total current liabilities2,158,2991,543,5151,880,2161,652,8561,695,0471,215,5981,197,7621,339,5751,336,2551,396,1841,159,7021,439,8841,216,0012,511,4111,679,723
loans6,383,8597,096,3597,737,0993,614,1864,207,5595,007,4793,520,0003,825,0004,180,0011,137,500
hp & lease commitments
Accruals and Deferred Income
other liabilities658,0832,220,4261,311,125535,157500,000
provisions8,563,2008,981,6479,474,5936,983,4504,160,8134,198,2863,802,7113,019,7203,096,16421,0287,0419,34116,35236,52112,625
total long term liabilities15,605,14216,078,00617,211,69210,597,6368,368,3729,205,7657,322,7116,844,7207,276,1652,241,4541,318,1661,681,998516,35236,52112,625
total liabilities17,763,44117,621,52119,091,90812,250,49210,063,41910,421,3638,520,4738,184,2958,612,4203,637,6382,477,8683,121,8821,732,3532,547,9321,692,348
net assets43,959,13645,248,46746,536,16947,083,42334,390,80833,129,59831,215,17827,432,82125,296,86826,478,88025,558,64723,859,22023,048,76830,841,78229,979,734
total shareholders funds43,959,13645,248,46746,536,16947,083,42334,390,80833,129,59831,215,17827,432,82125,296,86826,478,88025,558,64723,859,22023,048,76830,841,78229,979,734
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit-901,7821,319,0381,541,260788,5521,921,4432,069,0151,083,1111,254,3641,277,817585,514732,3451,128,370856,5941,201,750614,383
Depreciation87,02182,29475,84359,82946,11159,32155,12258,14567,74280,21747,02567,61681,21799,40972,018
Amortisation
Tax-146,448-215,798-97,867-306,225-333,904-155,189-186,525-226,473-117,714-145,591-263,749-198,212-331,686-156,763
Stock286,054-15,64715,647-786,18023,887204,655557,638
Debtors12,866196,945-898,946144,430902,90724,296276,576-46,22913,141106,18828,844-233,861-147,881390,200173,797
Creditors314,370-299,857398,30227,448-50043,2511,08112,358-968,148236,482637,20697,493-178,973195,600408,376
Accruals and Deferred Income228,654-37,599-211,659-68,986279,68780,732-293,70040,962503,219-698,76666,858-474,911641,969464,850
Deferred Taxes & Provisions-418,447-492,9462,491,1432,822,637-37,473395,575782,991-76,4443,075,13613,987-2,300-7,011-20,16923,89612,625
Cash flow from operations-989,104227,5374,978,0373,387,1831,000,1362,289,6941,212,4871,133,4424,502,332668,411336,420765,800213,4271,440,7381,241,692
Investing Activities
capital expenditure-101,134-101,481-5,123,800-15,102,376-13,811-55,373-5,055,812-12,627-2,838,780-2,074,437-1,185,320-19,3788,376,708-1,427,010-31,566,086
Change in Investments-1,000,0002,000,000-1,000,0002,500,0001,500,00049,1013,395947,504
cash flow from investments898,866-101,481-5,123,800-15,102,376-13,811-2,055,373-4,055,812-2,512,627-4,338,780-2,123,538-1,188,715-966,8828,376,708-1,427,010-31,566,086
Financing Activities
Bank loans-639,98540,717-653200,26294,659305,000
Group/Directors Accounts-28,6222,659-43,090-409,322478,375
Other Short Term Loans
Long term loans-712,500-640,7404,122,913-593,373-799,9201,487,479-305,000-355,0014,180,001-1,137,5001,137,500
Hire Purchase and Lease Commitments
other long term liabilities658,083-2,220,426909,301775,96835,157500,000
share issue422,597-1,727,046-1,467,23612,275,394-44,274490,9353,120,7631,340,766-2,087,905449,3751,151,726-8,428,66929,527,316
interest-810,146-733,246-405,480-273,463-309,734-311,626-266,328-272,652-145,4513,059-39,052-54,169-22,727-8,016-10,951
cash flow from financing-441,966-3,741,0172,290,91411,407,905-953,6661,761,4472,854,435713,113-273,7811,361,735722,5201,121,147-7,994,486-417,33829,994,740
cash and cash equivalents
cash-460,444-2,974,2212,145,151-307,28932,6591,794,962-143,084-716,072294,721-93,393-319,776976,938-2,787-1694,217
overdraft71,760640,740-200,806-154,194-50,000405,000-190,00056,873-598,436403,441328,122
change in cash-532,204-3,614,9612,145,151-307,28932,6591,995,76811,110-666,072-110,279-93,393-129,776920,065595,649-403,610-323,905

hobbs estates ltd Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Hobbs Estates Ltd Competitor Analysis

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Perform a competitor analysis for hobbs estates ltd by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other small companies, companies in CO6 area or any other competitors across 12 key performance metrics.

hobbs estates ltd Ownership

HOBBS ESTATES LTD group structure

Hobbs Estates Ltd has 1 subsidiary company.

Ultimate parent company

HOBBS ESTATES LTD

00600419

1 subsidiary

HOBBS ESTATES LTD Shareholders

benjamin scott hobbs 64.62%
malcolm eric hobbs 10%
felicity jane hobbs 8%
rebecca jean hobbs 8%
sally ann blackwell 6%
wendy scott french 3%
eric hobbs 0.28%
benjamin hobbs 0.1%

hobbs estates ltd directors

Hobbs Estates Ltd currently has 4 directors. The longest serving directors include Mr Malcolm Hobbs (Jul 1991) and Mrs Sally Blackwell (Jul 1998).

officercountryagestartendrole
Mr Malcolm Hobbs64 years Jul 1991- Director
Mrs Sally Blackwell65 years Jul 1998- Director
Mr Benjamin HobbsEngland34 years Jan 2021- Director
Mr Oliver BlackwellEngland42 years Feb 2022- Director

P&L

April 2024

turnover

3.9m

-18%

operating profit

-901.8k

0%

gross margin

29.5%

-2.45%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2024

net assets

44m

-0.03%

total assets

61.7m

-0.02%

cash

231.4k

-0.67%

net assets

Total assets minus all liabilities

hobbs estates ltd company details

company number

00600419

Type

Private limited with Share Capital

industry

01110 - Growing of cereals (except rice), leguminous crops and oil seeds

incorporation date

March 1958

age

67

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

April 2024

previous names

e. hobbs (farms) limited (September 2021)

accountant

TILE & CO ESSEX LTD

auditor

-

address

honeywood farm, earls colne business park, colchester, essex, CO6 2NS

Bank

HSBC BANK PLC

Legal Advisor

ELLISONS

hobbs estates ltd 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 11 charges/mortgages relating to hobbs estates ltd. Currently there are 6 open charges and 5 have been satisfied in the past.

hobbs estates ltd 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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hobbs estates ltd Companies House Filings - See Documents

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