Velcourt Group Limited

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velcourt group limited Company Information

Live

MatureLargeHealthy

Company Number

00718623

Website

www.velcourt.co.uk

Registered Address

orchard house, phocle green business park, ross-on-wye, HR9 7XU

Industry

Support activities for crop production

Telephone

01531660286

Next Accounts Due

June 2024

Group Structure

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Directors

James Townshend32 Years

David Teague32 Years

View All

Shareholders

carol malim 23.2%

james townshend 16.6%

View All

velcourt group limited Estimated Valuation

£23.7m

Pomanda estimates the enterprise value of VELCOURT GROUP LIMITED at £23.7m based on Net Assets of £21.4m and 1.11x industry multiple (adjusted for liquidity).

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Velcourt Group Limited AI Business Plan

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Velcourt Group Limited is a live company located in ross-on-wye, HR9 7XU with a Companies House number of 00718623. It operates in the support activities for crop production sector, SIC Code 01610. Founded in March 1962, it's largest shareholder is carol malim with a 23.2% stake. Velcourt Group Limited is a mature, large sized company, Pomanda has estimated its turnover at £36m with healthy growth in recent years.

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Pomanda's financial health check has awarded Velcourt Group Limited a 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 Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £36m, make it larger than the average company (£4.4m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (2%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VELCOURT GROUP LIMITED group structure

Velcourt Group Limited has 14 subsidiary companies.

Ultimate parent company

VELCOURT GROUP LIMITED

00718623

14 subsidiaries

OAKBANK GAME & CONSERVATION LTD

05206078

STOKES BOMFORD (HOLDINGS) LIMITED

00649159

VELCOURT TRUSTEES LIMITED

09182244

STOKES BOMFORD AGRICULTURE LIMITED

01657604

SHIELDTYPE PROJECTS LIMITED

02838599

VELCOURT (EAST) LIMITED

01124054

SEEVEL LIMITED

02456047

VELCOURT (G.B.) LIMITED

01285237

VELCOURT LIMITED

01254702

ELLINGTON FARMS LTD

09134102

VELCOURT MANAGEMENT SERVICES LIMITED

01274050

VELCOURT (BRITTANIA) LIMITED

01393811

BRONWIN AND ABBEY HOLDINGS LIMITED

13904991

CUSTOM LAND LIMITED

09026031

VELCOURT GROUP LIMITED Shareholders

carol malim	23.24%
james townshend	16.58%
charlotte townshend	9.47%
david teague	8.77%
james king & stephanie king	6.13%
julian proctor	4.08%
brian redrup	3.7%
stephanie king	3.24%
david buckeridge investigations ltd	2.12%
charles king	1.96%

Velcourt Group Limited currently has 8 directors. The longest serving directors include Mr James Townshend (Aug 1991) and Mr David Teague (Aug 1991).

officer	country	age	start	end	role
Mr James Townshend		69 years	Aug 1991	-	Director
Mr David Teague		73 years	Aug 1991	-	Director
Mr Stephen Ellwood		66 years	Aug 2008	-	Director
Mr Anthony Colburn	England	70 years	Aug 2012	-	Director
Mr David Buckeridge	England	64 years	Apr 2014	-	Director
Mr Nicholas Shorter	England	44 years	Apr 2021	-	Director
Mr Nicholas Shorter	England	44 years	Apr 2021	-	Director
Mr Andrew Lawson	England	50 years	Jul 2023	-	Director

EXPORT

Velcourt Group Limited's latest turnover from September 2022 is £36 million and the company has net assets of £21.4 million. According to their latest financial statements, Velcourt Group Limited has 151 employees and maintains cash reserves of £701.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	35,964,092	27,472,816	26,508,167	29,261,080	26,593,490	25,404,694	23,539,268	25,701,093	29,069,678	28,780,762	31,820,787	35,284,087	29,225,449	26,848,298
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	30,559,613	23,049,432	24,749,073	26,130,782	23,151,057	21,575,897	22,540,599	26,422,696	27,602,692	26,948,358	29,484,150	29,411,477	24,598,827	24,037,520
Gross Profit	5,404,479	4,423,384	1,759,094	3,130,298	3,442,433	3,828,797	998,669	-721,603	1,466,986	1,832,404	2,336,637	5,872,610	4,626,622	2,810,778
Admin Expenses	1,944,540	1,364,941	1,152,690	1,259,162	1,345,940	1,309,913	969,973	190,720	1,520,935	801,056	692,295	1,199,112	1,289,414	901,911
Operating Profit	3,459,939	3,058,443	606,404	1,871,136	2,096,493	2,518,884	28,696	-912,323	-53,949	1,031,348	1,644,342	4,673,498	3,337,208	1,908,867
Interest Payable	640,922	521,579	562,428	758,653	687,614	674,302	915,003	21,132	43,894	20,951	854,869	78,522	65,593	69,709
Interest Receivable	555,197	579,166	355,823	500,580	500,550	445,305	695,638	142	3,270	0	734,463	7,060	17,795	32,987
Pre-Tax Profit	3,374,214	3,116,030	389,496	1,604,263	1,857,726	3,251,395	-229,194	-1,139,464	-7,351	1,048,184	1,524,136	4,561,270	3,267,978	1,808,938
Tax	-566,601	-710,316	-53,727	-293,566	-350,410	-615,653	86,279	278,010	27,549	-282,636	-371,516	-1,197,842	-931,024	-489,537
Profit After Tax	2,807,613	2,405,714	335,769	1,310,697	1,507,316	2,635,742	-142,915	-861,454	20,198	765,548	1,152,620	3,363,428	2,336,954	1,319,401
Dividends Paid	650,358	500,578	300,000	499,687	499,258	0	154,924	393,486	493,670	450,422	547,242	305,613	443,906	693,013
Retained Profit	2,157,257	1,905,131	35,796	758,251	1,008,312	2,432,376	-297,574	-1,254,675	-473,624	315,460	605,702	3,057,670	1,893,881	629,655
Employee Costs	8,690,687	7,739,142	7,275,189	7,069,277	6,345,632	6,210,945	5,694,580	5,508,754	5,484,030	5,190,802	5,130,093	6,166,859	5,938,802	5,376,541
Number Of Employees	151	141	145	146	127	122	129	125	125	120	124	127	133	130
EBITDA*	4,445,706	3,927,574	1,497,350	2,711,478	2,717,810	3,093,060	614,177	-280,512	590,436	1,616,787	2,166,767	5,109,845	3,731,980	2,263,345

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	5,468,945	5,212,487	5,441,711	5,477,050	4,515,568	3,777,444	3,585,233	3,658,604	6,933,712	4,322,614	3,692,876	3,343,211	2,842,711	2,469,288
Intangible Assets	2,827,043	64,086	0	0	11,325	11,325	19,971	19,971	8,646	8,646	8,646	8,646	8,646	8,646
Investments & Other	715,619	380,883	100,095	99,892	99,642	99,439	99,278	6,118	5,917	5,717	5,367	5,167	504,689	504,452
Debtors (Due After 1 year)	0	0	0	0	0	0	0	957,291	0	0	0	0	0	105,663
Total Fixed Assets	9,011,607	5,657,456	5,541,806	5,576,942	4,626,535	3,888,208	3,704,482	4,641,984	6,948,275	4,336,977	3,706,889	3,357,024	3,356,046	3,088,049
Stock & work in progress	3,894,572	3,386,426	3,163,218	3,261,546	2,861,415	2,302,783	2,429,512	2,195,692	2,328,067	1,946,776	803,767	863,491	793,039	742,990
Trade Debtors	18,309,087	13,699,057	10,275,942	12,387,292	11,568,634	9,440,362	8,088,148	8,518,670	10,155,389	11,154,217	7,467,925	6,318,622	4,725,888	5,301,558
Group Debtors	1,164,674	1,599,307	1,461,768	1,452,062	1,435,384	1,237,136	968,171	1,043,220	243,056	216,779	328,690	414,162	337,742	351,834
Misc Debtors	1,148,779	2,891,341	4,346,860	4,026,940	3,571,865	3,492,841	5,736,002	5,104,131	4,667,737	4,856,425	10,248,924	13,782,576	11,799,947	8,812,559
Cash	701,837	2,099,768	2,719,389	932,085	800,447	2,701,390	1,317,446	1,025,028	343	1,020,790	671,253	26,818	27,558	33,687
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	25,218,949	23,675,899	21,967,177	22,059,925	20,237,745	19,174,512	18,539,279	17,886,741	17,394,592	19,194,987	19,520,559	21,405,669	17,684,174	15,242,628
total assets	34,230,556	29,333,355	27,508,983	27,636,867	24,864,280	23,062,720	22,243,761	22,528,725	24,342,867	23,531,964	23,227,448	24,762,693	21,040,220	18,330,677
Bank overdraft	51,929	0	0	0	0	0	0	0	510,980	0	0	1,313,744	1,606,250	2,240,498
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	5,259,248	3,307,300	3,943,285	4,045,062	3,107,614	2,496,449	2,781,895	3,249,586	3,385,983	4,759,277	4,322,678	3,509,035	2,971,652	2,784,724
Group/Directors Accounts	0	136	0	0	0	0	0	11,108	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	426,529	443,998	409,185	327,675	202,687	143,866	201,271	198,666	211,691	197,303	136,371	166,472	148,796	65,109
other current liabilities	3,076,496	1,809,897	1,080,794	1,124,613	1,192,554	985,612	725,988	1,296,205	698,342	800,215	1,085,260	2,659,536	2,598,067	1,482,276
total current liabilities	8,814,202	5,561,331	5,433,264	5,497,350	4,502,855	3,625,927	3,709,154	4,755,565	4,806,996	5,756,795	5,544,309	7,648,787	7,324,765	6,572,607
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	497,924	367,201	564,823	621,063	322,260	123,829	267,696	252,757	280,294	276,737	223,285	145,970	167,338	97,713
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	440,410	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	214,834	0	0	0	0	0	0	0	309,847	268,512	254,034	271,949	294,842	255,738
total long term liabilities	4,040,656	8,188,460	10,186,042	9,008,893	6,152,847	6,688,870	9,771,946	5,672,992	4,180,130	3,633,936	3,819,240	3,318,837	3,673,987	2,806,855
total liabilities	12,854,858	13,749,791	15,619,306	14,506,243	10,655,702	10,314,797	13,481,100	10,428,557	8,987,126	9,390,731	9,363,549	10,967,624	10,998,752	9,379,462
net assets	21,371,139	15,574,503	11,880,621	13,108,061	14,198,274	12,636,835	8,754,409	12,091,651	15,346,959	14,132,603	13,854,935	13,785,781	10,032,035	8,940,949
total shareholders funds	21,371,139	15,574,503	11,880,621	13,108,061	14,198,274	12,636,835	8,754,409	12,091,651	15,346,959	14,132,603	13,854,935	13,785,781	10,032,035	8,940,949

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	3,459,939	3,058,443	606,404	1,871,136	2,096,493	2,518,884	28,696	-912,323	-53,949	1,031,348	1,644,342	4,673,498	3,337,208	1,908,867
Depreciation	883,385	869,131	890,946	840,342	621,317	574,176	585,481	631,811	644,385	585,439	522,425	436,347	394,772	354,478
Amortisation	102,382	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-566,601	-710,316	-53,727	-293,566	-350,410	-615,653	86,279	278,010	27,549	-282,636	-371,516	-1,197,842	-931,024	-489,537
Stock	508,146	223,208	-98,328	400,131	558,632	-126,729	233,820	-132,375	381,291	1,143,009	-59,724	70,452	50,049	742,990
Debtors	2,432,835	2,105,135	-1,781,724	1,290,411	2,405,544	-621,982	-830,991	557,130	-1,161,239	-1,818,118	-2,469,821	3,651,783	2,291,963	14,571,614
Creditors	1,951,948	-635,985	-101,777	937,448	611,165	-285,446	-467,691	-136,397	-1,373,294	436,599	813,643	537,383	186,928	2,784,724
Accruals and Deferred Income	1,266,599	729,103	-43,819	-67,941	206,942	259,624	-570,217	597,863	-101,873	-285,045	-1,574,276	61,469	1,115,791	1,482,276
Deferred Taxes & Provisions	214,834	0	0	0	0	0	0	-309,847	41,335	14,478	-17,915	-22,893	39,104	255,738
Cash flow from operations	4,371,505	982,033	3,178,079	1,596,877	221,331	3,200,296	259,719	-275,638	-35,899	2,175,292	3,546,248	765,727	1,800,767	-9,018,058
Investing Activities
capital expenditure	0	0	0	0	-907,169	-768,564	-385,942	3,015,894	-490,369	-750,849	-463,076	206,259	-392,802	-430,967
Change in Investments	334,736	280,788	203	250	203	161	93,160	201	200	350	200	-499,522	237	504,452
cash flow from investments	-334,736	-280,788	-203	-250	-907,372	-768,725	-479,102	3,015,693	-490,569	-751,199	-463,276	705,781	-393,039	-935,419
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-136	136	0	0	0	0	-11,108	11,108	0	0	0	0	0	0
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	113,254	-162,809	25,270	423,791	257,252	-201,272	17,544	-40,562	17,945	114,384	47,214	-3,692	153,312	162,822
other long term liabilities	440,410	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	3,639,379	1,788,751	-1,263,236	-1,848,464	553,127	1,450,050	-3,039,668	-2,000,633	1,687,980	-37,792	-536,548	696,076	-802,795	8,311,294
interest	-85,725	57,587	-206,605	-258,073	-187,064	-228,997	-219,365	-20,990	-40,624	-20,951	-120,406	-71,462	-47,798	-36,722
cash flow from financing	4,107,182	1,683,665	-1,444,571	-1,682,746	623,315	1,019,781	-3,252,597	-2,051,077	1,665,301	55,641	-609,740	620,922	-697,281	8,437,394
cash and cash equivalents
cash	-1,397,931	-619,621	1,787,304	131,638	-1,900,943	1,383,944	292,418	1,024,685	-1,020,447	349,537	644,435	-740	-6,129	33,687
overdraft	51,929	0	0	0	0	0	0	-510,980	510,980	0	-1,313,744	-292,506	-634,248	2,240,498
change in cash	-1,449,860	-619,621	1,787,304	131,638	-1,900,943	1,383,944	292,418	1,535,665	-1,531,427	349,537	1,958,179	291,766	628,119	-2,206,811

P&L

September 2022

turnover

36m

+31%

operating profit

3.5m

+13%

gross margin

15.1%

-6.67%

turnover

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

Balance Sheet

September 2022

net assets

21.4m

+0.37%

total assets

34.2m

+0.17%

cash

701.8k

-0.67%

net assets

Total assets minus all liabilities

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company number

00718623

Type

Private limited with Share Capital

industry

01610 - Support activities for crop production

incorporation date

March 1962

age

accounts

Group

ultimate parent company

None

previous names

velcourt group plc (September 2015)

velcourt limited (May 1984)

incorporated

address

orchard house, phocle green business park, ross-on-wye, HR9 7XU

last accounts submitted

September 2022

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 16 charges/mortgages relating to velcourt group limited. Currently there are 3 open charges and 13 have been satisfied in the past.

velcourt group limited Company Information

velcourt group limited Estimated Valuation

velcourt group limited Estimated Valuation

velcourt group limited Estimated Valuation

Velcourt Group Limited AI Business Plan

Velcourt Group Limited Overview

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VELCOURT GROUP LIMITED financials

velcourt group limited company details

velcourt group limited Charges & Mortgages

velcourt group limited Companies House Filings - See Documents