black horse limited
black horse limited Company Information
Company Number
00661204
Website
www.blackhorse.co.ukRegistered Address
25 gresham street, london, EC2V 7HN
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
08001512454
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
black horse group limited 100%
black horse limited Estimated Valuation
Pomanda estimates the enterprise value of BLACK HORSE LIMITED at £1.7b based on a Turnover of £554.6m and 2.98x industry multiple (adjusted for size and gross margin).
black horse limited Estimated Valuation
Pomanda estimates the enterprise value of BLACK HORSE LIMITED at £18.2b based on an EBITDA of £1.4b and a 12.82x industry multiple (adjusted for size and gross margin).
black horse limited Estimated Valuation
Pomanda estimates the enterprise value of BLACK HORSE LIMITED at £853.5m based on Net Assets of £396.8m and 2.15x industry multiple (adjusted for liquidity).
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Black Horse Limited Overview
Black Horse Limited is a live company located in london, EC2V 7HN with a Companies House number of 00661204. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in June 1960, it's largest shareholder is black horse group limited with a 100% stake. Black Horse Limited is a mature, mega sized company, Pomanda has estimated its turnover at £554.6m with rapid growth in recent years.
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Black Horse Limited Health Check
Pomanda's financial health check has awarded Black Horse Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
2 Weak
Size
annual sales of £554.6m, make it larger than the average company (£4.6m)
£554.6m - Black Horse Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 472%, show it is growing at a faster rate (3.2%)
472% - Black Horse Limited
3.2% - Industry AVG
Production
with a gross margin of 63.6%, this company has a comparable cost of product (61.5%)
63.6% - Black Horse Limited
61.5% - Industry AVG
Profitability
an operating margin of 256% make it more profitable than the average company (10.8%)
256% - Black Horse Limited
10.8% - Industry AVG
Employees
with 605 employees, this is above the industry average (15)
605 - Black Horse Limited
15 - Industry AVG
Pay Structure
on an average salary of £54.8k, the company has a lower pay structure (£79.3k)
£54.8k - Black Horse Limited
£79.3k - Industry AVG
Efficiency
resulting in sales per employee of £916.7k, this is more efficient (£228.1k)
£916.7k - Black Horse Limited
£228.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Black Horse Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Black Horse Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 7 days, this is less than average (14 days)
7 days - Black Horse Limited
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (39 weeks)
0 weeks - Black Horse Limited
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97%, this is a higher level of debt than the average (58.6%)
97% - Black Horse Limited
58.6% - Industry AVG
black horse limited Credit Report and Business Information
Black Horse Limited Competitor Analysis
Perform a competitor analysis for black horse limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
black horse limited Ownership
BLACK HORSE LIMITED group structure
Black Horse Limited has no subsidiary companies.
Ultimate parent company
2 parents
BLACK HORSE LIMITED
00661204
black horse limited directors
Black Horse Limited currently has 8 directors. The longest serving directors include Mr David Oldfield (Dec 2006) and Mr James McCaffrey (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Oldfield | 61 years | Dec 2006 | - | Director | |
| Mr James McCaffrey | United Kingdom | 53 years | Dec 2019 | - | Director |
| Miss Kim Morris | 48 years | Dec 2020 | - | Director | |
| Mr Gregory Gould | United Kingdom | 54 years | Feb 2022 | - | Director |
| Mr Nicholas Williams | United Kingdom | 49 years | Oct 2022 | - | Director |
| Mr Nicholas Williams | United Kingdom | 49 years | Oct 2022 | - | Director |
| Mr Anish Ambani | United Kingdom | 47 years | Mar 2023 | - | Director |
| Mr Christopher Gowland | United Kingdom | 47 years | May 2023 | - | Director |
BLACK HORSE LIMITED financials
Black Horse Limited's latest turnover from December 2022 is £554.6 million and the company has net assets of £396.8 million. According to their latest financial statements, Black Horse Limited has 605 employees and maintains cash reserves of £111.1 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 | 554,599,000 | 577,161,000 | 661,343,000 | 2,957,000 | 337,393,000 | 96,301,000 | 30,219,000 | 63,202,000 | 145,746,000 | 296,844,000 | 445,433,000 | 548,549,000 | 688,333,000 | 688,305,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 202,167,000 | 123,598,000 | 216,832,000 | 1,725,000 | 141,348,000 | 213,645,000 | 287,788,000 | 333,686,000 | ||||||
| Gross Profit | 352,432,000 | 453,563,000 | 444,511,000 | 1,232,000 | 196,045,000 | 334,904,000 | 400,545,000 | 354,619,000 | ||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 0 | |||||||||||||
| Interest Payable | 0 | 0 | 0 | 273,035,000 | 0 | 0 | 0 | 0 | ||||||
| Interest Receivable | 0 | 0 | 0 | 598,417,000 | 0 | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | 267,994,000 | 508,243,000 | 198,850,000 | -99,886,000 | -148,127,000 | 2,642,000 | -116,947,000 | -65,635,000 | 94,278,000 | 15,002,000 | -93,532,000 | 30,901,000 | -79,793,000 | -284,314,000 |
| Tax | -51,070,000 | -93,975,000 | -37,112,000 | 19,050,000 | 28,132,000 | -481,000 | 22,078,000 | 12,903,000 | -19,709,000 | 33,609,000 | 21,507,000 | -10,770,000 | 20,906,000 | 80,381,000 |
| Profit After Tax | 216,924,000 | 414,268,000 | 161,738,000 | -80,836,000 | -119,995,000 | 2,161,000 | -94,869,000 | -52,732,000 | 74,569,000 | 48,611,000 | -72,025,000 | 20,131,000 | -58,887,000 | -203,933,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 216,924,000 | 414,268,000 | 161,738,000 | -80,836,000 | -119,995,000 | 2,161,000 | -94,869,000 | -52,732,000 | 74,569,000 | 48,611,000 | -72,025,000 | 20,131,000 | -58,887,000 | -203,933,000 |
| Employee Costs | 33,149,000 | 27,783,000 | 24,301,000 | 28,162,000 | 27,257,000 | 4,827,000 | 4,424,000 | 11,529,000 | 12,904,000 | 23,457,000 | 65,930,000 | 73,679,000 | 67,717,000 | 97,812,000 |
| Number Of Employees | 605 | 658 | 750 | 824 | 407 | 411 | 440 | 933 | 1,193 | 1,146 | 1,599 | 2,007 | 2,199 | 2,587 |
| EBITDA* | 0 |
* 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 | 768,547,000 | 841,138,000 | 8,964,000 | 6,801,000 | 474,000 | 795,000 | 1,062,000 | 1,850,000 | 2,742,000 | 41,229,000 | 33,938,000 | 6,799,000 | 8,788,000 | 12,349,000 |
| Intangible Assets | 891,000 | 2,239,000 | 5,827,000 | 8,187,000 | 10,553,000 | 11,269,000 | 25,807,000 | 28,645,000 | 26,617,000 | 503,000 | 0 | 0 | 0 | 0 |
| Investments & Other | 764,612,000 | 836,389,000 | 54,000 | 54,000 | 54,000 | 0 | 0 | 0 | 0 | 0 | 0 | 54,000 | 54,000 | 54,000 |
| Debtors (Due After 1 year) | 3,931,000 | 4,742,000 | 4,381,000 | 6,493,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 769,438,000 | 843,377,000 | 10,410,000 | 14,988,000 | 11,027,000 | 12,064,000 | 26,869,000 | 30,495,000 | 29,359,000 | 41,732,000 | 33,938,000 | 6,799,000 | 8,788,000 | 12,349,000 |
| Stock & work in progress | 4,261,000 | 2,059,000 | 25,504,000 | 36,028,000 | 6,461,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 4,078,355,000 | 146,863,000 | 357,556,000 | 745,539,000 | 1,922,215,000 | 3,801,861,000 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 1,993,896,000 | 3,740,634,000 | 4,439,517,000 | 0 | 0 | 0 | 0 | 0 | 0 | 483,470,000 | 598,286,000 | 639,959,000 |
| Misc Debtors | 55,870,000 | 41,644,000 | 71,823,000 | 87,945,000 | 70,479,000 | 0 | 0 | 0 | 0 | 0 | 0 | 34,656,000 | 45,036,000 | 37,858,000 |
| Cash | 111,081,000 | 61,536,000 | 63,735,000 | 61,145,000 | 74,593,000 | 89,238,000 | 37,889,000 | 486,000 | 0 | 0 | 2,517,000 | 3,220,000 | 0 | 0 |
| misc current assets | 12,274,104,000 | 11,853,042,000 | 12,276,090,000 | 12,067,661,000 | 9,124,915,000 | 1,762,000 | 3,342,000 | 22,163,000 | 24,313,000 | 31,659,000 | 41,351,000 | 4,555,999,000 | 6,191,636,000 | 6,342,838,000 |
| total current assets | 12,445,316,000 | 11,958,281,000 | 14,432,647,000 | 15,993,413,000 | 13,715,965,000 | 5,273,954,000 | 1,427,796,000 | 1,864,388,000 | 1,296,685,000 | 2,412,806,000 | 4,271,650,000 | 5,077,345,000 | 6,834,958,000 | 7,020,655,000 |
| total assets | 13,214,754,000 | 12,801,658,000 | 14,443,057,000 | 16,008,401,000 | 13,726,992,000 | 5,286,018,000 | 1,454,665,000 | 1,894,883,000 | 1,326,044,000 | 2,454,538,000 | 4,305,588,000 | 5,084,144,000 | 6,843,746,000 | 7,033,004,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,664,000 | 17,066,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 4,836,674,000 | 1,081,018,000 | 1,595,556,000 | 855,918,000 | 2,234,704,000 | 4,180,803,000 | 25,000 | 858,000 | 2,408,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 15,192,782,000 | 13,250,876,000 | 0 | 0 | 0 | 0 | 0 | 0 | 4,758,573,000 | 6,515,052,000 | 6,709,687,000 |
| other short term finances | 12,671,899,000 | 11,637,477,000 | 13,667,398,000 | 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 | 146,078,000 | 207,328,000 | 233,074,000 | 434,772,000 | 439,433,000 | 0 | 0 | 0 | 0 | 0 | 0 | 300,476,000 | 210,128,000 | 102,558,000 |
| total current liabilities | 12,817,977,000 | 11,844,805,000 | 13,900,472,000 | 15,627,554,000 | 13,690,309,000 | 4,892,612,000 | 1,100,239,000 | 1,606,828,000 | 899,500,000 | 2,315,323,000 | 4,260,581,000 | 5,059,074,000 | 6,730,702,000 | 6,831,719,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 216,210,000 | 274,918,000 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 216,111,000 | 183,565,000 | 99,069,000 | 176,903,000 | 203,789,000 | 169,446,000 | 0 | 108,105,000 | 137,459,000 |
| total liabilities | 12,817,977,000 | 11,844,805,000 | 13,900,472,000 | 15,627,554,000 | 13,690,309,000 | 5,108,723,000 | 1,283,804,000 | 1,705,897,000 | 1,076,403,000 | 2,519,112,000 | 4,430,027,000 | 5,059,074,000 | 6,838,807,000 | 6,969,178,000 |
| net assets | 396,777,000 | 956,853,000 | 542,585,000 | 380,847,000 | 36,683,000 | 177,295,000 | 170,861,000 | 188,986,000 | 249,641,000 | -64,574,000 | -124,439,000 | 25,070,000 | 4,939,000 | 63,826,000 |
| total shareholders funds | 396,777,000 | 956,853,000 | 542,585,000 | 380,847,000 | 36,683,000 | 177,295,000 | 170,861,000 | 188,986,000 | 249,641,000 | -64,574,000 | -124,439,000 | 25,070,000 | 4,939,000 | 63,826,000 |
| 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 | 0 | |||||||||||||
| Depreciation | 3,000 | 19,000 | 105,000 | 166,000 | 280,000 | 2,990,000 | 3,335,000 | 5,484,000 | ||||||
| Amortisation | 1,348,000 | 3,588,000 | 2,360,000 | 2,366,000 | 2,279,000 | 0 | 0 | 0 | ||||||
| Tax | -51,070,000 | -93,975,000 | -37,112,000 | 19,050,000 | 28,132,000 | -481,000 | 22,078,000 | 12,903,000 | -19,709,000 | 33,609,000 | 21,507,000 | -10,770,000 | 20,906,000 | 80,381,000 |
| Stock | 2,202,000 | -23,445,000 | -10,524,000 | 29,567,000 | 6,461,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 13,415,000 | -2,023,714,000 | -1,764,972,000 | -674,924,000 | 431,641,000 | 3,931,492,000 | -210,693,000 | -387,983,000 | -1,176,676,000 | -1,879,646,000 | 3,283,735,000 | -125,196,000 | -34,495,000 | 677,817,000 |
| Creditors | 0 | 0 | 0 | 0 | -4,836,674,000 | 3,755,656,000 | -514,538,000 | 739,638,000 | -1,378,786,000 | -1,946,099,000 | 4,180,778,000 | -833,000 | -1,550,000 | 2,408,000 |
| Accruals and Deferred Income | -61,250,000 | -25,746,000 | -201,698,000 | -4,661,000 | 439,433,000 | 0 | 0 | 0 | 0 | 0 | -300,476,000 | 90,348,000 | 107,570,000 | 102,558,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -216,210,000 | -58,708,000 | 274,918,000 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -71,777,000 | 836,335,000 | 0 | 0 | 54,000 | 0 | 0 | 0 | 0 | 0 | -54,000 | 0 | 0 | 54,000 |
| 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 | 0 | -15,192,782,000 | 1,941,906,000 | 13,250,876,000 | 0 | 0 | 0 | 0 | 0 | -4,758,573,000 | -1,756,479,000 | -194,635,000 | 6,709,687,000 |
| Other Short Term Loans | 1,034,422,000 | -2,029,921,000 | 13,667,398,000 | 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 | 0 | 0 | 0 | 325,382,000 | 0 | 0 | 0 | 0 | ||||||
| cash flow from financing | 257,422,000 | -2,029,921,000 | -1,525,384,000 | 2,692,288,000 | 13,230,259,000 | -1,756,479,000 | -194,635,000 | 6,977,446,000 | ||||||
| cash and cash equivalents | ||||||||||||||
| cash | 49,545,000 | -2,199,000 | 2,590,000 | -13,448,000 | -14,645,000 | 51,349,000 | 37,403,000 | 486,000 | 0 | -2,517,000 | -703,000 | 3,220,000 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,664,000 | -12,402,000 | 17,066,000 |
| change in cash | 49,545,000 | -2,199,000 | 2,590,000 | -13,448,000 | -14,645,000 | 51,349,000 | 37,403,000 | 486,000 | 0 | -2,517,000 | -703,000 | 7,884,000 | 12,402,000 | -17,066,000 |
P&L
December 2022turnover
554.6m
-4%
operating profit
1.4b
0%
gross margin
63.6%
-19.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
396.8m
-0.59%
total assets
13.2b
+0.03%
cash
111.1m
+0.81%
net assets
Total assets minus all liabilities
black horse limited company details
company number
00661204
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
June 1960
age
64
accounts
Full Accounts
ultimate parent company
previous names
chartered trust public limited company (July 2001)
julian s. hodge & company limited (December 1979)
incorporated
UK
address
25 gresham street, london, EC2V 7HN
last accounts submitted
December 2022
black horse 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 20 charges/mortgages relating to black horse limited. Currently there are 0 open charges and 20 have been satisfied in the past.
black horse limited Companies House Filings - See Documents
| date | description | view/download |
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