hardingham farms limited

3.5

hardingham farms limited Company Information

Share HARDINGHAM FARMS LIMITED
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Company Number

00792276

Registered Address

hardingham, hall, hardingham, norwich, norfolk, NR9 4AE

Industry

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

 

Telephone

01953851716

Next Accounts Due

January 2025

Group Structure

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Directors

Henry Edwards31 Years

William Edwards29 Years

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Shareholders

trustee of hpb edwards settlement 1977 34.1%

william robert bartle edwards 24%

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hardingham farms limited Estimated Valuation

£854.8k

Pomanda estimates the enterprise value of HARDINGHAM FARMS LIMITED at £854.8k based on a Turnover of £3.1m and 0.28x industry multiple (adjusted for size and gross margin).

hardingham farms limited Estimated Valuation

£584.9k

Pomanda estimates the enterprise value of HARDINGHAM FARMS LIMITED at £584.9k based on an EBITDA of £297k and a 1.97x industry multiple (adjusted for size and gross margin).

hardingham farms limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of HARDINGHAM FARMS LIMITED at £1.7m based on Net Assets of £2.1m and 0.81x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from April 2023 

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Hardingham Farms Limited Overview

Hardingham Farms Limited is a live company located in norwich, NR9 4AE with a Companies House number of 00792276. It operates in the growing of cereals (except rice), leguminous crops and oil seeds sector, SIC Code 01110. Founded in February 1964, it's largest shareholder is trustee of hpb edwards settlement 1977 with a 34.1% stake. Hardingham Farms Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.1m with declining growth in recent years.

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Hardingham Farms Limited Health Check

Pomanda's financial health check has awarded Hardingham Farms Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £3.1m, make it smaller than the average company (£6.2m)

£3.1m - Hardingham Farms Limited

£6.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (6.8%)

-12% - Hardingham Farms Limited

6.8% - Industry AVG

production

Production

with a gross margin of 28.9%, this company has a comparable cost of product (28.9%)

28.9% - Hardingham Farms Limited

28.9% - Industry AVG

profitability

Profitability

an operating margin of 2.9% make it less profitable than the average company (11.5%)

2.9% - Hardingham Farms Limited

11.5% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (43)

3 - Hardingham Farms Limited

43 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.4k, the company has an equivalent pay structure (£35.4k)

£35.4k - Hardingham Farms Limited

£35.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1m, this is more efficient (£162.8k)

£1m - Hardingham Farms Limited

£162.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 82 days, this is later than average (33 days)

82 days - Hardingham Farms Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 58 days, this is slower than average (45 days)

58 days - Hardingham Farms Limited

45 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 83 days, this is in line with average (87 days)

83 days - Hardingham Farms Limited

87 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (18 weeks)

1 weeks - Hardingham Farms Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 36.3%, this is a lower level of debt than the average (42.3%)

36.3% - Hardingham Farms Limited

42.3% - Industry AVG

hardingham farms 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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Hardingham Farms Limited Competitor Analysis

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Perform a competitor analysis for hardingham farms limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

hardingham farms limited Ownership

HARDINGHAM FARMS LIMITED group structure

Hardingham Farms Limited has no subsidiary companies.

Ultimate parent company

HARDINGHAM FARMS LIMITED

00792276

HARDINGHAM FARMS LIMITED Shareholders

trustee of hpb edwards settlement 1977 34.08%
william robert bartle edwards 24%
trustee of hpb edwards settlement 14 feb 1983 23.58%
trustee of hpb edwards settlement 28 feb 1983 18.33%

hardingham farms limited directors

Hardingham Farms Limited currently has 3 directors. The longest serving directors include Mr Henry Edwards (Jan 1993) and Mr William Edwards (Sep 1994).

officercountryagestartendrole
Mr Henry Edwards82 years Jan 1993- Director
Mr William EdwardsUnited Kingdom53 years Sep 1994- Director
Dr Eva Edwards51 years Feb 2009- Director

HARDINGHAM FARMS LIMITED financials

EXPORTms excel logo

Hardingham Farms Limited's latest turnover from April 2023 is estimated at £3.1 million and the company has net assets of £2.1 million. According to their latest financial statements, Hardingham Farms Limited has 3 employees and maintains cash reserves of £33.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover3,063,0803,158,5742,920,4014,480,3112,876,5512,996,8683,831,1792,723,5044,846,7386,475,7393,189,5104,659,968201,631259,147
Other Income Or Grants00000000000000
Cost Of Sales2,176,7952,254,0282,171,9203,295,3841,983,3022,139,3102,725,0211,922,3233,374,2584,387,1332,069,1702,835,740128,006164,520
Gross Profit886,284904,546748,4801,184,927893,250857,5581,106,158801,1811,472,4802,088,6061,120,3401,824,22973,62594,627
Admin Expenses796,780885,878671,6071,016,045863,853946,5811,159,726843,6191,466,4682,065,793938,1201,817,771248,44837,274
Operating Profit89,50418,66876,873168,88229,397-89,023-53,568-42,4386,01222,813182,2206,458-174,82357,353
Interest Payable23,28921,62615,50013,27913,07011,9287,192678000000
Interest Receivable7170000000876699681,0296011
Pre-Tax Profit66,932-2,95861,373155,60216,327-100,951-60,760-43,1166,09923,482183,1887,48792,031179,144
Tax-16,7330-11,661-29,564-3,102000-1,220-4,931-42,133-1,79700
Profit After Tax50,199-2,95849,712126,03813,225-100,951-60,760-43,1164,87918,551141,0555,69092,031179,144
Dividends Paid00000000000000
Retained Profit50,199-2,95849,712126,03813,225-100,951-60,760-43,1164,87918,551141,0555,69092,031179,144
Employee Costs106,292101,50195,86190,75890,54985,50884,28884,923976,1181,245,884680,284974,481121,096118,580
Number Of Employees333333333445233523
EBITDA*297,025262,195349,671417,271231,123116,668171,039178,801189,679176,846314,868169,369-4,395207,315

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets1,377,2421,539,0601,682,0121,618,6641,281,7221,315,2211,366,7561,422,3321,266,4011,166,7591,052,3161,158,5531,167,0401,021,137
Intangible Assets00001,9734,9337,89310,853000000
Investments & Other621,494547,066504,005449,828169,318219,836205,262317,788398,890400,816530,289469,532462,575485,552
Debtors (Due After 1 year)00000000000000
Total Fixed Assets1,998,7362,086,1262,186,0172,068,4921,453,0131,539,9901,579,9111,750,9731,665,2911,567,5751,582,6051,628,0851,629,6151,506,689
Stock & work in progress499,477335,739282,643282,249280,256263,040254,512317,379326,160298,440308,008299,738252,773265,522
Trade Debtors694,180842,791638,5441,232,480946,389813,0241,192,183705,401919,1531,245,689557,626875,025408,994253,597
Group Debtors00000000000000
Misc Debtors36,15742,99222,1813,00085,813103,95837,22818,928003,0123,01200
Cash33,7620000000034,852232,781154,529256,989246,811
misc current assets00000000000000
total current assets1,263,5761,221,522943,3681,517,7291,312,4581,180,0221,483,9231,041,7081,245,3131,578,9811,101,4271,332,304918,756765,930
total assets3,262,3123,307,6483,129,3853,586,2212,765,4712,720,0123,063,8342,792,6812,910,6043,146,5562,684,0322,960,3892,548,3712,272,619
Bank overdraft0205,869153,85141,944229,535157,732209,26920,868000000
Bank loan16,85316,26315,69615,1470000000000
Trade Creditors 348,731355,116268,706624,840303,148386,474457,287355,789749,0971,007,363606,0721,011,907608,403367,482
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments77,472128,817138,853135,75758,24455,27354,40140,682000000
other current liabilities454,302224,34477,928332,341161,348129,881188,415202,589000000
total current liabilities897,358930,409655,0341,150,029752,275729,360909,372619,928749,0971,007,363606,0721,011,907608,403367,482
loans99,159116,279132,800148,7570000000000
hp & lease commitments5,97283,444160,907175,95359,26255,163110,43658,000000000
Accruals and Deferred Income00000000000000
other liabilities000000000000031,167
provisions182,412150,304150,474131,02499,51494,294101,880111,847115,48598,05055,36866,94564,12158,371
total long term liabilities287,543350,027444,181455,734158,776149,457212,316169,847115,48598,05055,36866,94564,12189,538
total liabilities1,184,9011,280,4361,099,2151,605,763911,051878,8171,121,688789,775864,5821,105,413661,4401,078,852672,524457,020
net assets2,077,4112,027,2122,030,1701,980,4581,854,4201,841,1951,942,1462,002,9062,046,0222,041,1432,022,5921,881,5371,875,8471,815,599
total shareholders funds2,077,4112,027,2122,030,1701,980,4581,854,4201,841,1951,942,1462,002,9062,046,0222,041,1432,022,5921,881,5371,875,8471,815,599
Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit89,50418,66876,873168,88229,397-89,023-53,568-42,4386,01222,813182,2206,458-174,82357,353
Depreciation207,521243,527272,798246,416198,766202,731221,647221,239183,667154,033132,648162,911170,428149,962
Amortisation0001,9732,9602,9602,9600000000
Tax-16,7330-11,661-29,564-3,102000-1,220-4,931-42,133-1,79700
Stock163,73853,0963941,99317,2168,528-62,867-8,78127,720-9,5688,27046,965-12,749265,522
Debtors-155,446225,058-574,755203,278115,220-312,429505,082-194,824-326,536685,051-317,399469,043155,397253,597
Creditors-6,38586,410-356,134321,692-83,326-70,813101,498-393,308-258,266401,291-405,835403,504240,921367,482
Accruals and Deferred Income229,958146,416-254,413170,99331,467-58,534-14,174202,589000000
Deferred Taxes & Provisions32,108-17019,45031,5105,220-7,586-9,967-3,63817,43542,682-11,5772,8245,75058,371
Cash flow from operations527,681216,697321,274706,63148,946283,636-193,819188,049246,444-59,595164,45257,89299,628114,049
Investing Activities
capital expenditure-45,703-100,575-336,146-583,358-165,267-151,196-166,071-388,023-283,309-268,476-26,411-154,424-316,331-1,171,099
Change in Investments74,42843,06154,177280,510-50,51814,574-112,526-81,102-1,926-129,47360,7576,957-22,977485,552
cash flow from investments-120,131-143,636-390,323-863,868-114,749-165,770-53,545-306,921-281,383-139,003-87,168-161,381-293,354-1,656,651
Financing Activities
Bank loans59056754915,1470000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans-17,120-16,521-15,957148,7570000000000
Hire Purchase and Lease Commitments-128,817-87,499-11,950194,2047,070-54,40166,15598,682000000
other long term liabilities000000000000-31,16731,167
share issue000000000000-31,7831,636,455
interest-22,572-21,626-15,500-13,279-13,070-11,928-7,192-678876699681,0296011
cash flow from financing-167,919-125,079-42,858344,829-6,000-66,32958,96398,004876699681,029-62,8901,667,633
cash and cash equivalents
cash33,7620000000-34,852-197,92978,252-102,46010,178246,811
overdraft-205,86952,018111,907-187,59171,803-51,537188,40120,868000000
change in cash239,631-52,018-111,907187,591-71,80351,537-188,401-20,868-34,852-197,92978,252-102,46010,178246,811

P&L

April 2023

turnover

3.1m

-3%

operating profit

89.5k

0%

gross margin

29%

+1.04%

turnover

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

Balance Sheet

April 2023

net assets

2.1m

+0.02%

total assets

3.3m

-0.01%

cash

33.8k

0%

net assets

Total assets minus all liabilities

hardingham farms limited company details

company number

00792276

Type

Private limited with Share Capital

industry

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

incorporation date

February 1964

age

60

accounts

Total Exemption Full

ultimate parent company

None

previous names

henry edwards (farms) limited (December 1977)

incorporated

UK

address

hardingham, hall, hardingham, norwich, norfolk, NR9 4AE

last accounts submitted

April 2023

hardingham farms 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 7 charges/mortgages relating to hardingham farms limited. Currently there are 4 open charges and 3 have been satisfied in the past.

charges

hardingham farms limited Companies House Filings - See Documents

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