Pomanda estimates the enterprise value of HIGGINS PARTNERSHIPS 1961 PLC at £113.7m based on a Turnover of £178.2m and 0.64x industry multiple (adjusted for size and gross margin).
higgins partnerships 1961 plcEstimated Valuation
£37.9m
Pomanda estimates the enterprise value of HIGGINS PARTNERSHIPS 1961 PLC at £37.9m based on an EBITDA of £7.8m and a 4.87x industry multiple (adjusted for size and gross margin).
higgins partnerships 1961 plcEstimated Valuation
£40.5m
Pomanda estimates the enterprise value of HIGGINS PARTNERSHIPS 1961 PLC at £40.5m based on Net Assets of £29.2m and 1.39x industry multiple (adjusted for liquidity).
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Higgins Partnerships 1961 PlcOverview
Higgins Partnerships 1961 Plc is a live company located in essex, IG10 3SD with a Companies House number of 00684617. It operates in the development of building projects sector, SIC Code 41100. Founded in February 1961, it's largest shareholder is
higgins group plc
with a 100% stake. Higgins Partnerships 1961 Plc is a mature,
mega sized company, Pomanda has estimated its turnover at
£178.2m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Higgins Partnerships 1961 Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
6 Strong
1 Regular
5 Weak
Size
annual sales of £178.2m, make it larger than the average company (£2.3m)
£178.2m - Higgins Partnerships 1961 Plc
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (7.1%)
12% - Higgins Partnerships 1961 Plc
7.1% - Industry AVG
Production
with a gross margin of 5.1%, this company has a higher cost of product (26.4%)
5.1% - Higgins Partnerships 1961 Plc
26.4% - Industry AVG
Profitability
an operating margin of 4.1% make it less profitable than the average company (7.4%)
4.1% - Higgins Partnerships 1961 Plc
7.4% - Industry AVG
Employees
with 301 employees, this is above the industry average (7)
301 - Higgins Partnerships 1961 Plc
7 - Industry AVG
Pay Structure
on an average salary of £79.4k, the company has a higher pay structure (£49.1k)
£79.4k - Higgins Partnerships 1961 Plc
£49.1k - Industry AVG
Efficiency
resulting in sales per employee of £591.9k, this is more efficient (£279k)
£591.9k - Higgins Partnerships 1961 Plc
£279k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (28 days)
105 days - Higgins Partnerships 1961 Plc
28 days - Industry AVG
Creditor Days
its suppliers are paid after 47 days, this is slower than average (31 days)
47 days - Higgins Partnerships 1961 Plc
31 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is less than average (190 days)
14 days - Higgins Partnerships 1961 Plc
190 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3 weeks, this is less cash available to meet short term requirements (11 weeks)
3 weeks - Higgins Partnerships 1961 Plc
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.5%, this is a similar level of debt than the average (73.9%)
78.5% - Higgins Partnerships 1961 Plc
73.9% - Industry AVG
HIGGINS PARTNERSHIPS 1961 PLC financials
EXPORT
Higgins Partnerships 1961 Plc's latest turnover from July 2024 is £178.2 million and the company has net assets of £29.2 million. According to their latest financial statements, Higgins Partnerships 1961 Plc has 301 employees and maintains cash reserves of £7 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Turnover
178,160,000
160,915,000
180,820,000
125,285,000
87,383,000
171,188,000
282,377,000
238,734,000
217,118,000
181,183,000
160,564,000
144,280,000
154,409,000
151,665,000
156,457,000
169,381,000
Other Income Or Grants
Cost Of Sales
169,083,000
157,896,000
172,467,000
116,970,000
79,516,000
163,569,000
276,426,000
231,799,000
214,059,000
176,520,000
153,473,000
134,660,000
144,379,000
136,400,000
138,120,000
151,811,000
Gross Profit
9,077,000
3,019,000
8,353,000
8,315,000
7,867,000
7,619,000
5,951,000
6,935,000
3,059,000
4,663,000
7,091,000
9,620,000
10,030,000
15,265,000
18,337,000
17,570,000
Admin Expenses
1,702,000
19,277,000
12,902,000
7,959,000
7,309,000
7,344,000
5,839,000
6,813,000
2,949,000
4,431,000
6,738,000
8,122,000
8,171,000
9,400,000
8,864,000
8,340,000
Operating Profit
7,375,000
-16,258,000
-4,549,000
356,000
558,000
275,000
112,000
122,000
110,000
232,000
353,000
1,498,000
1,859,000
5,865,000
9,473,000
9,230,000
Interest Payable
500,000
502,000
302,000
291,000
166,000
3,000
5,000
1,000
9,000
16,000
34,000
50,000
124,000
391,000
439,000
Interest Receivable
11,000
16,000
2,000
1,000
4,000
26,000
45,000
31,000
69,000
52,000
97,000
47,000
158,000
271,000
301,000
254,000
Pre-Tax Profit
9,119,000
-11,853,000
-4,612,000
207,000
396,000
298,000
152,000
153,000
178,000
275,000
434,000
1,511,000
1,967,000
6,012,000
9,383,000
9,045,000
Tax
52,000
20,000
-4,000
-3,000
36,000
-181,000
-235,000
-420,000
-585,000
-1,547,000
-2,619,000
-2,544,000
Profit After Tax
9,171,000
-11,853,000
-4,612,000
227,000
396,000
294,000
149,000
189,000
178,000
94,000
199,000
1,091,000
1,382,000
4,465,000
6,764,000
6,501,000
Dividends Paid
1,000,000
500,000
1,000,000
2,500,000
4,000,000
3,000,000
Retained Profit
9,171,000
-11,853,000
-4,612,000
227,000
396,000
294,000
149,000
189,000
-822,000
94,000
199,000
591,000
382,000
1,965,000
2,764,000
3,501,000
Employee Costs
23,913,000
25,815,000
22,035,000
19,285,000
16,404,000
17,486,000
20,487,000
24,786,000
22,042,000
21,761,000
18,124,000
14,883,000
16,374,000
16,360,000
17,010,000
20,209,000
Number Of Employees
301
328
297
212
219
235
306
362
346
323
309
286
328
331
326
365
EBITDA*
7,788,000
-15,810,000
-4,021,000
775,000
1,001,000
690,000
752,000
748,000
702,000
791,000
901,000
2,087,000
2,528,000
6,579,000
10,252,000
10,087,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Tangible Assets
21,448,000
24,112,000
21,978,000
21,470,000
21,692,000
21,988,000
22,389,000
22,620,000
20,828,000
20,997,000
20,802,000
20,969,000
21,239,000
21,589,000
23,444,000
23,770,000
Intangible Assets
Investments & Other
13,719,000
19,937,000
15,160,000
9,020,000
3,768,000
7,000
7,000
7,000
7,000
7,000
7,000
8,000
8,000
8,000
8,000
8,000
Debtors (Due After 1 year)
16,000
546,000
911,000
5,508,000
6,058,000
5,489,000
3,180,000
1,915,000
1,995,000
2,402,000
18,179,000
18,200,000
Total Fixed Assets
35,167,000
44,049,000
37,138,000
30,506,000
26,006,000
22,906,000
27,904,000
28,685,000
26,324,000
21,004,000
23,989,000
22,892,000
23,242,000
23,999,000
41,631,000
41,978,000
Stock & work in progress
6,900,000
6,501,000
3,650,000
1,409,000
1,092,000
2,773,000
3,844,000
18,330,000
11,809,000
5,591,000
370,000
18,779,000
836,000
2,703,000
1,937,000
3,804,000
Trade Debtors
51,593,000
32,963,000
39,323,000
20,781,000
18,905,000
22,644,000
30,227,000
33,809,000
20,125,000
25,783,000
24,363,000
18,287,000
21,277,000
19,943,000
5,143,000
19,278,000
Group Debtors
32,085,000
33,895,000
28,489,000
66,483,000
65,356,000
46,613,000
41,557,000
8,360,000
22,531,000
7,869,000
23,546,000
4,586,000
20,434,000
20,502,000
8,403,000
16,000
Misc Debtors
2,997,000
3,092,000
2,545,000
2,192,000
3,786,000
2,849,000
2,452,000
1,675,000
11,323,000
9,369,000
3,072,000
979,000
2,199,000
1,016,000
742,000
802,000
Cash
6,950,000
6,970,000
21,065,000
36,128,000
18,231,000
7,364,000
14,525,000
31,669,000
28,085,000
26,584,000
17,840,000
20,396,000
13,878,000
28,981,000
33,795,000
27,949,000
misc current assets
1,000
total current assets
100,525,000
83,421,000
95,072,000
126,993,000
107,371,000
82,243,000
92,605,000
93,843,000
93,873,000
75,196,000
69,191,000
63,027,000
58,624,000
73,145,000
50,020,000
51,849,000
total assets
135,692,000
127,470,000
132,210,000
157,499,000
133,377,000
105,149,000
120,509,000
122,528,000
120,197,000
96,200,000
93,180,000
85,919,000
81,866,000
97,144,000
91,651,000
93,827,000
Bank overdraft
1,000
3,480,000
1,382,000
4,754,000
1,251,000
3,226,000
5,549,000
3,361,000
Bank loan
6,908,000
450,000
450,000
Trade Creditors
21,856,000
19,124,000
17,961,000
20,611,000
16,623,000
18,142,000
87,162,000
22,121,000
20,240,000
19,361,000
15,325,000
14,143,000
12,417,000
14,191,000
10,656,000
13,581,000
Group/Directors Accounts
8,000
8,000
9,000
36,950,000
35,384,000
8,000
8,000
8,000
8,000
8,000
8,000
8,000
8,000
8,000
148,000
other short term finances
hp & lease commitments
96,000
85,000
85,000
other current liabilities
69,652,000
67,152,000
72,631,000
58,441,000
39,650,000
53,357,000
67,201,000
65,060,000
44,600,000
44,048,000
34,780,000
35,399,000
46,199,000
40,963,000
43,857,000
total current liabilities
91,612,000
86,369,000
97,594,000
116,452,000
92,107,000
71,508,000
87,162,000
89,330,000
88,788,000
63,969,000
60,763,000
53,685,000
49,075,000
63,624,000
57,176,000
60,947,000
loans
7,000,000
6,458,000
6,908,000
7,358,000
190,000
1,401,000
2,603,000
3,787,000
4,951,000
hp & lease commitments
192,000
243,000
339,000
Accruals and Deferred Income
other liabilities
provisions
7,645,000
14,328,000
4,750,000
1,685,000
1,685,000
1,685,000
1,365,000
1,365,000
359,000
225,000
162,000
71,000
167,000
172,000
total long term liabilities
14,837,000
21,029,000
5,089,000
6,908,000
7,358,000
1,685,000
1,685,000
1,685,000
1,365,000
1,365,000
359,000
415,000
1,563,000
2,674,000
3,954,000
5,123,000
total liabilities
106,449,000
107,398,000
102,683,000
123,360,000
99,465,000
73,193,000
88,847,000
91,015,000
90,153,000
65,334,000
61,122,000
54,100,000
50,638,000
66,298,000
61,130,000
66,070,000
net assets
29,243,000
20,072,000
29,527,000
34,139,000
33,912,000
31,956,000
31,662,000
31,513,000
30,044,000
30,866,000
32,058,000
31,819,000
31,228,000
30,846,000
30,521,000
27,757,000
total shareholders funds
29,243,000
20,072,000
29,527,000
34,139,000
33,912,000
31,956,000
31,662,000
31,513,000
30,044,000
30,866,000
32,058,000
31,819,000
31,228,000
30,846,000
30,521,000
27,757,000
Jul 2024
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Jul 2012
Jul 2011
Jul 2010
Jul 2009
Operating Activities
Operating Profit
7,375,000
-16,258,000
-4,549,000
356,000
558,000
275,000
112,000
122,000
110,000
232,000
353,000
1,498,000
1,859,000
5,865,000
9,473,000
9,230,000
Depreciation
413,000
448,000
528,000
419,000
443,000
415,000
640,000
626,000
592,000
559,000
548,000
589,000
669,000
714,000
779,000
857,000
Amortisation
Tax
52,000
20,000
-4,000
-3,000
36,000
-181,000
-235,000
-420,000
-585,000
-1,547,000
-2,619,000
-2,544,000
Stock
399,000
2,851,000
2,241,000
317,000
-1,681,000
-1,071,000
-14,486,000
6,521,000
6,218,000
5,221,000
-18,409,000
17,943,000
-1,867,000
766,000
-1,867,000
3,804,000
Debtors
16,725,000
-407,000
-19,115,000
879,000
15,576,000
-6,727,000
29,842,000
-9,566,000
16,447,000
-11,140,000
28,394,000
-20,138,000
2,042,000
11,396,000
-5,829,000
38,296,000
Creditors
2,732,000
1,163,000
-2,650,000
3,988,000
-1,519,000
-69,020,000
65,041,000
1,881,000
879,000
4,036,000
1,182,000
1,726,000
-1,774,000
3,535,000
-2,925,000
13,581,000
Accruals and Deferred Income
2,500,000
-5,479,000
14,190,000
18,791,000
-13,707,000
53,357,000
-67,201,000
2,141,000
20,460,000
552,000
9,268,000
-619,000
-10,800,000
5,236,000
-2,894,000
43,857,000
Deferred Taxes & Provisions
-6,683,000
9,578,000
4,750,000
-1,685,000
320,000
1,006,000
134,000
63,000
91,000
-96,000
-5,000
172,000
Cash flow from operations
-10,735,000
-12,992,000
29,143,000
22,378,000
-29,805,000
-7,179,000
-16,767,000
8,171,000
-624,000
12,123,000
1,265,000
5,032,000
-10,715,000
1,545,000
9,505,000
23,053,000
Investing Activities
capital expenditure
2,251,000
-2,582,000
-1,036,000
-197,000
-147,000
-14,000
-409,000
-2,418,000
-423,000
-754,000
-381,000
-319,000
-319,000
1,141,000
-453,000
-24,627,000
Change in Investments
-6,218,000
4,777,000
6,140,000
5,252,000
3,761,000
-1,000
8,000
cash flow from investments
8,469,000
-7,359,000
-7,176,000
-5,449,000
-3,908,000
-14,000
-409,000
-2,418,000
-423,000
-754,000
-380,000
-319,000
-319,000
1,141,000
-453,000
-24,635,000
Financing Activities
Bank loans
-6,908,000
6,458,000
450,000
Group/Directors Accounts
-1,000
-36,941,000
1,566,000
35,376,000
8,000
-8,000
-140,000
148,000
Other Short Term Loans
Long term loans
542,000
6,458,000
-6,908,000
-450,000
7,358,000
-190,000
-1,211,000
-1,202,000
-1,184,000
-1,164,000
4,951,000
Hire Purchase and Lease Commitments
-40,000
-96,000
424,000
other long term liabilities
share issue
2,398,000
1,560,000
1,280,000
-1,286,000
40,000
-1,640,000
24,256,000
interest
-489,000
-486,000
-300,000
-290,000
-162,000
23,000
40,000
31,000
68,000
43,000
81,000
13,000
108,000
147,000
-90,000
-185,000
cash flow from financing
13,000
1,365,000
-37,267,000
826,000
44,582,000
31,000
32,000
1,311,000
68,000
-1,243,000
-69,000
-1,198,000
-1,094,000
-2,677,000
-1,394,000
29,170,000
cash and cash equivalents
cash
-20,000
-14,095,000
-15,063,000
17,897,000
10,867,000
-7,161,000
-17,144,000
3,584,000
1,501,000
8,744,000
-2,556,000
6,518,000
-15,103,000
-4,814,000
5,846,000
27,949,000
overdraft
-1,000
1,000
-3,480,000
3,480,000
-1,382,000
-3,372,000
3,503,000
-1,975,000
-2,323,000
2,188,000
3,361,000
change in cash
-20,000
-14,095,000
-15,063,000
17,897,000
10,868,000
-7,162,000
-17,144,000
7,064,000
-1,979,000
10,126,000
816,000
3,015,000
-13,128,000
-2,491,000
3,658,000
24,588,000
higgins partnerships 1961 plc Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for higgins partnerships 1961 plc. Get real-time insights into higgins partnerships 1961 plc's credit score, group structure and payment trends.
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higgins partnerships 1961 plc Ownership
HIGGINS PARTNERSHIPS 1961 PLC group structure
Higgins Partnerships 1961 Plc has 5 subsidiary companies.
The largest shareholders in Higgins Partnerships 1961 Plc include Higgins Group Plc and Richard Graham Higgins.
higgins group plc
100%
richard graham higgins
0%
higgins partnerships 1961 plc directors
Higgins Partnerships 1961 Plc currently has 8 directors.
The longest serving directors include
Mr Stephen Leakey (Jul 2007) and
Mr Stephen Bailess (Aug 2010).
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 34 charges/mortgages relating to higgins partnerships 1961 plc. Currently there are 6 open charges and 28 have been satisfied in the past.
higgins partnerships 1961 plc 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.
Click to start generating capital raising & share issue transactions for HIGGINS PARTNERSHIPS 1961 PLC. This can take several minutes, an email will notify you when this has completed.
higgins partnerships 1961 plcCompanies House Filings - See Documents
