volkerhighways limited

4.5

volkerhighways limited Company Information

Share VOLKERHIGHWAYS LIMITED
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Company Number

00638559

Registered Address

hertford road, hoddesdon, hertfordshire, EN11 9BX

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

 

Telephone

01992453500

Next Accounts Due

September 2025

Group Structure

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Directors

Matthew Woods13 Years

Andrew Wilbram3 Years

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Shareholders

volkerwessels limited 100%

volkerhighways limited Estimated Valuation

£112m

Pomanda estimates the enterprise value of VOLKERHIGHWAYS LIMITED at £112m based on a Turnover of £171.9m and 0.65x industry multiple (adjusted for size and gross margin).

volkerhighways limited Estimated Valuation

£57.4m

Pomanda estimates the enterprise value of VOLKERHIGHWAYS LIMITED at £57.4m based on an EBITDA of £8.8m and a 6.52x industry multiple (adjusted for size and gross margin).

volkerhighways limited Estimated Valuation

£26.4m

Pomanda estimates the enterprise value of VOLKERHIGHWAYS LIMITED at £26.4m based on Net Assets of £12.3m and 2.14x industry multiple (adjusted for liquidity).

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Volkerhighways Limited Overview

Volkerhighways Limited is a live company located in hertfordshire, EN11 9BX with a Companies House number of 00638559. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in October 1959, it's largest shareholder is volkerwessels limited with a 100% stake. Volkerhighways Limited is a mature, mega sized company, Pomanda has estimated its turnover at £171.9m with healthy growth in recent years.

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Volkerhighways Limited Health Check

Pomanda's financial health check has awarded Volkerhighways Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £171.9m, make it larger than the average company (£8.4m)

£171.9m - Volkerhighways Limited

£8.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.9%)

8% - Volkerhighways Limited

8.9% - Industry AVG

production

Production

with a gross margin of 8.4%, this company has a higher cost of product (23.2%)

8.4% - Volkerhighways Limited

23.2% - Industry AVG

profitability

Profitability

an operating margin of 3% make it less profitable than the average company (5.7%)

3% - Volkerhighways Limited

5.7% - Industry AVG

employees

Employees

with 500 employees, this is above the industry average (37)

500 - Volkerhighways Limited

37 - Industry AVG

paystructure

Pay Structure

on an average salary of £59k, the company has a higher pay structure (£48.5k)

£59k - Volkerhighways Limited

£48.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £343.9k, this is more efficient (£197.7k)

£343.9k - Volkerhighways Limited

£197.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 16 days, this is earlier than average (56 days)

16 days - Volkerhighways Limited

56 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 36 days, this is close to average (37 days)

36 days - Volkerhighways Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 9 days, this is less than average (12 days)

9 days - Volkerhighways Limited

12 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (18 weeks)

30 weeks - Volkerhighways Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 74.2%, this is a higher level of debt than the average (61.8%)

74.2% - Volkerhighways Limited

61.8% - Industry AVG

VOLKERHIGHWAYS LIMITED financials

EXPORTms excel logo

Volkerhighways Limited's latest turnover from December 2023 is £171.9 million and the company has net assets of £12.3 million. According to their latest financial statements, Volkerhighways Limited has 500 employees and maintains cash reserves of £18.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover171,931,000187,071,000167,105,000135,982,000118,582,000107,052,000107,533,00098,181,00097,883,00080,856,00080,327,000106,173,000127,813,000127,302,97172,897,792
Other Income Or Grants000000000000000
Cost Of Sales157,496,000172,720,000155,025,000127,006,000111,490,000100,838,000102,047,00093,365,00094,168,00076,463,00076,315,00097,628,000118,833,000117,545,63866,015,148
Gross Profit14,435,00014,351,00012,080,0008,976,0007,092,0006,214,0005,486,0004,816,0003,715,0004,393,0004,012,0008,545,0008,980,0009,757,3336,882,644
Admin Expenses9,302,0007,579,0006,783,0005,254,0004,297,0004,294,0004,369,0003,678,0003,189,0003,525,0003,386,0005,378,0005,176,0004,747,7884,060,392
Operating Profit5,133,0006,772,0005,297,0003,722,0002,795,0001,920,0001,117,0001,138,000526,000868,000626,0003,167,0003,804,0005,009,5452,822,252
Interest Payable169,000115,000104,000133,000149,00025,00013,0009,0007,0000034,000199,000141,774136,812
Interest Receivable796,000224,00018,00039,00065,00038,00029,00039,00033,00047,00064,000142,000187,000168,958165,184
Pre-Tax Profit5,760,0006,881,0005,211,0003,628,0002,711,0001,933,0001,133,0001,168,000552,000915,000690,0003,170,0003,792,0005,036,7292,850,624
Tax-1,279,000-1,030,000-1,169,000-727,000-444,000-460,000-439,000-232,000-126,000-2,000-145,000923,000-934,000-1,402,230-789,894
Profit After Tax4,481,0005,851,0004,042,0002,901,0002,267,0001,473,000694,000936,000426,000913,000545,0004,093,0002,858,0003,634,4992,060,730
Dividends Paid00000003,000,0002,000,00003,000,0003,000,000000
Retained Profit4,481,0005,851,0004,042,0002,901,0002,267,0001,473,000694,000-2,064,000-1,574,000913,000-2,455,0001,093,0002,858,0002,246,9992,060,730
Employee Costs29,485,00028,396,00024,411,00019,536,00016,426,00015,638,00015,684,00014,562,00013,377,00013,282,00014,092,00016,305,00020,022,00020,448,78711,944,294
Number Of Employees500499511390330292320300278288317355476523286
EBITDA*8,803,00010,425,0009,973,0007,328,0006,035,0002,423,0001,620,0001,726,000919,0001,261,000939,0003,348,0004,144,0005,451,6203,480,038

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,261,0002,383,00011,024,0008,997,00011,754,0001,734,0002,954,0002,563,0002,420,0002,595,0002,368,0001,670,0001,419,0001,712,3563,945,694
Intangible Assets6,655,0006,058,0000788,0001,299,0001,540,0001,861,0001,676,0001,710,0001,666,0001,608,0001,853,000951,00026,1490
Investments & Other000000000000000
Debtors (Due After 1 year)835,000952,0001,763,0001,513,0001,717,0003,000794,000775,000536,000463,000489,0005,000135,000408,4170
Total Fixed Assets8,081,0007,489,0009,261,0009,674,00011,336,0003,274,0004,815,0004,239,0004,130,0004,261,0003,976,0003,523,0002,370,0001,738,5053,945,694
Stock & work in progress3,961,0005,853,0004,966,0003,607,0002,412,0002,768,0002,792,0002,054,0001,758,000118,000104,00000772,1281,156,946
Trade Debtors7,800,00012,027,00023,349,0009,362,0007,276,0005,824,0006,112,0002,501,0005,017,0002,800,0005,599,0004,207,0009,576,00019,117,83811,578,246
Group Debtors946,000597,00046,000633,0001,153,00003,817,0001,359,000373,000143,000674,0004,019,0001,121,0000191,351
Misc Debtors79,000172,00014,000173,000375,000015,526,00010,762,00012,472,00011,352,00011,360,00012,510,00017,544,000858,66912,235,920
Cash18,427,00020,628,00012,462,00011,326,00011,603,0009,213,0008,840,0005,081,0004,481,0003,227,0007,736,0007,036,0007,793,0008,878,7772,572,131
misc current assets8,582,00012,666,000011,010,00010,933,00011,856,000000000000
total current assets39,795,00051,943,00040,837,00036,111,00033,752,00029,661,00037,087,00021,757,00024,101,00017,640,00025,473,00027,772,00036,034,00029,627,41227,734,594
total assets47,876,00059,432,00050,098,00045,785,00045,088,00032,935,00041,902,00025,996,00028,231,00021,901,00029,449,00031,295,00038,404,00031,365,91731,680,288
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 15,662,00023,377,00024,591,00019,225,00016,863,00012,646,00017,050,00015,094,00014,419,0005,673,00011,044,0009,692,00012,481,00013,897,36415,019,359
Group/Directors Accounts0000000000001,754,0003,508,6780
other short term finances000000000000000
hp & lease commitments2,730,0003,007,0002,939,0002,507,0002,808,000000000002,75945,386
other current liabilities12,973,00015,625,0005,083,0007,503,0007,553,0009,156,00013,208,0002,080,0002,988,0003,847,0007,091,0007,846,0009,756,0002,633,99611,293,082
total current liabilities31,365,00042,009,00032,613,00029,235,00027,224,00021,802,00030,258,00017,174,00017,407,0009,520,00018,135,00017,538,00023,991,00020,042,79726,357,827
loans7,834,0006,648,0008,838,0009,666,00010,740,00000000001,754,0001,754,3395,518
hp & lease commitments3,917,0003,324,0004,419,0004,833,0005,370,0000000000002,759
Accruals and Deferred Income000000000000000
other liabilities00000000000150,000000
provisions496,000464,000852,000638,0002,630,0002,746,0004,080,000386,000374,000388,000300,0000270,000136,080130,480
total long term liabilities4,165,0003,556,0004,845,0005,152,0006,685,0001,373,0002,040,000193,000187,000194,000150,000150,0001,889,0001,822,37967,999
total liabilities35,530,00045,565,00037,458,00034,387,00033,909,00023,175,00032,298,00017,367,00017,594,0009,714,00018,285,00017,688,00025,880,00021,865,17626,425,826
net assets12,346,00013,867,00012,640,00011,398,00011,179,0009,760,0009,604,0008,629,00010,637,00012,187,00011,164,00013,607,00012,524,0009,500,7415,254,462
total shareholders funds12,346,00013,867,00012,640,00011,398,00011,179,0009,760,0009,604,0008,629,00010,637,00012,187,00011,164,00013,607,00012,524,0009,500,7415,254,462
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit5,133,0006,772,0005,297,0003,722,0002,795,0001,920,0001,117,0001,138,000526,000868,000626,0003,167,0003,804,0005,009,5452,822,252
Depreciation113,00096,0003,257,0003,009,0002,881,000165,000165,000320,000224,000224,000282,000181,000340,000442,075657,786
Amortisation3,557,0003,557,0001,419,000597,000359,000338,000338,000268,000169,000169,00031,0000000
Tax-1,279,000-1,030,000-1,169,000-727,000-444,000-460,000-439,000-232,000-126,000-2,000-145,000923,000-934,000-1,402,230-789,894
Stock-1,892,000887,0001,359,0001,195,000-356,000-24,000738,000296,0001,640,00014,000104,0000-772,128-384,8181,156,946
Debtors-4,088,000-11,424,00013,491,0001,160,0004,694,000-20,422,00010,852,000-3,001,0003,640,000-3,364,000-2,619,000-7,635,0007,991,076-3,620,59324,005,517
Creditors-7,715,000-1,214,0005,366,0002,362,0004,217,000-4,404,0001,956,000675,0008,746,000-5,371,0001,352,000-2,789,000-1,416,364-1,121,99515,019,359
Accruals and Deferred Income-2,652,00010,542,000-2,420,000-50,000-1,603,000-4,052,00011,128,000-908,000-859,000-3,244,000-755,000-1,910,0007,122,004-8,659,08611,293,082
Deferred Taxes & Provisions32,000-388,000214,000-1,992,000-116,000-1,334,0003,694,00012,000-14,00088,000300,000-270,000133,9205,600130,480
Cash flow from operations3,169,00028,872,000-2,886,0004,566,0003,751,00012,619,0006,369,0003,978,0003,386,000-3,918,0004,206,0006,937,0001,830,612-1,720,6803,970,602
Investing Activities
capital expenditure-4,145,000-1,070,000-5,915,000-338,000-13,019,0001,038,000-1,079,000-697,000-262,000-678,000-766,000-1,334,000-971,4951,765,114-4,603,480
Change in Investments000000000000000
cash flow from investments-4,145,000-1,070,000-5,915,000-338,000-13,019,0001,038,000-1,079,000-697,000-262,000-678,000-766,000-1,334,000-971,4951,765,114-4,603,480
Financing Activities
Bank loans000000000000000
Group/Directors Accounts00000000000-1,754,000-1,754,6783,508,6780
Other Short Term Loans 000000000000000
Long term loans1,186,000-2,190,000-828,000-1,074,00010,740,000000000-1,754,000-3391,748,8215,518
Hire Purchase and Lease Commitments316,000-1,027,00018,000-838,0008,178,0000000000-2,759-45,38648,145
other long term liabilities0000000000-150,000150,000000
share issue-6,002,000-4,624,000-2,800,000-2,682,000-848,000-1,317,000281,00056,00024,000110,00012,000-10,000165,2591,999,2803,193,732
interest627,000109,000-86,000-94,000-84,00013,00016,00030,00026,00047,00064,000108,000-12,00027,18428,372
cash flow from financing-3,873,000-7,732,000-3,696,000-4,688,00017,986,000-1,304,000297,00086,00050,000157,000-74,000-3,260,000-1,604,5177,238,5773,275,767
cash and cash equivalents
cash-2,201,0008,166,0001,136,000-277,0002,390,000373,0003,759,000600,0001,254,000-4,509,000700,000-757,000-1,085,7776,306,6462,572,131
overdraft000000000000000
change in cash-2,201,0008,166,0001,136,000-277,0002,390,000373,0003,759,000600,0001,254,000-4,509,000700,000-757,000-1,085,7776,306,6462,572,131

volkerhighways limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Volkerhighways Limited Competitor Analysis

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Perform a competitor analysis for volkerhighways limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mega companies, companies in EN11 area or any other competitors across 12 key performance metrics.

volkerhighways limited Ownership

VOLKERHIGHWAYS LIMITED group structure

Volkerhighways Limited has no subsidiary companies.

Ultimate parent company

KONINKLIJKE VOLKERWESSELS NV

#0031816

2 parents

VOLKERHIGHWAYS LIMITED

00638559

VOLKERHIGHWAYS LIMITED Shareholders

volkerwessels limited 100%

volkerhighways limited directors

Volkerhighways Limited currently has 7 directors. The longest serving directors include Mr Matthew Woods (Mar 2011) and Mr Andrew Wilbram (Dec 2020).

officercountryagestartendrole
Mr Matthew Woods59 years Mar 2011- Director
Mr Andrew Wilbram55 years Dec 2020- Director
Mr Andrew Wilbram55 years Dec 2020- Director
Mr Richard Offord60 years Aug 2022- Director
Mrs Anita Harris49 years Jul 2023- Director
Mr Simon Groom46 years Jul 2023- Director
Mr Peter Walsh46 years Apr 2024- Director

P&L

December 2023

turnover

171.9m

-8%

operating profit

5.1m

-24%

gross margin

8.4%

+9.44%

turnover

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

Balance Sheet

December 2023

net assets

12.3m

-0.11%

total assets

47.9m

-0.19%

cash

18.4m

-0.11%

net assets

Total assets minus all liabilities

volkerhighways limited company details

company number

00638559

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

October 1959

age

65

incorporated

UK

ultimate parent company

KONINKLIJKE VOLKERWESSELS NV

accounts

Full Accounts

last accounts submitted

December 2023

previous names

gabriel (contractors) limited (February 2009)

accountant

-

auditor

DELOITTE LLP

address

hertford road, hoddesdon, hertfordshire, EN11 9BX

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

-

volkerhighways 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 3 charges/mortgages relating to volkerhighways limited. Currently there are 0 open charges and 3 have been satisfied in the past.

charges

volkerhighways limited Companies House Filings - See Documents

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