kenwood limited
kenwood limited Company Information
Company Number
00872044
Website
www.kenwoodworld.comRegistered Address
1 kenwood business park, new, lane, havant, hampshire, PO9 2NH
Industry
Manufacture of electric domestic appliances
Telephone
02392392333
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
kenwood appliances ltd 100%
kenwood limited Estimated Valuation
Pomanda estimates the enterprise value of KENWOOD LIMITED at £166.9m based on a Turnover of £112.8m and 1.48x industry multiple (adjusted for size and gross margin).
kenwood limited Estimated Valuation
Pomanda estimates the enterprise value of KENWOOD LIMITED at £87.8m based on an EBITDA of £7.4m and a 11.81x industry multiple (adjusted for size and gross margin).
kenwood limited Estimated Valuation
Pomanda estimates the enterprise value of KENWOOD LIMITED at £312.4m based on Net Assets of £138.3m and 2.26x industry multiple (adjusted for liquidity).
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Kenwood Limited Overview
Kenwood Limited is a live company located in hampshire, PO9 2NH with a Companies House number of 00872044. It operates in the manufacture of electric domestic appliances sector, SIC Code 27510. Founded in February 1966, it's largest shareholder is kenwood appliances ltd with a 100% stake. Kenwood Limited is a mature, mega sized company, Pomanda has estimated its turnover at £112.8m with healthy growth in recent years.
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Kenwood Limited Health Check
Pomanda's financial health check has awarded Kenwood Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs
8 Strong
3 Regular
1 Weak
Size
annual sales of £112.8m, make it larger than the average company (£26.8m)
£112.8m - Kenwood Limited
£26.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (3.5%)
5% - Kenwood Limited
3.5% - Industry AVG
Production
with a gross margin of 38.8%, this company has a lower cost of product (29.9%)
38.8% - Kenwood Limited
29.9% - Industry AVG
Profitability
an operating margin of 4.5% make it as profitable than the average company (4.5%)
4.5% - Kenwood Limited
4.5% - Industry AVG
Employees
with 237 employees, this is above the industry average (112)
237 - Kenwood Limited
112 - Industry AVG
Pay Structure
on an average salary of £60.9k, the company has a higher pay structure (£46.3k)
£60.9k - Kenwood Limited
£46.3k - Industry AVG
Efficiency
resulting in sales per employee of £475.8k, this is more efficient (£263.4k)
£475.8k - Kenwood Limited
£263.4k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is near the average (49 days)
41 days - Kenwood Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 111 days, this is slower than average (54 days)
111 days - Kenwood Limited
54 days - Industry AVG
Stock Days
it holds stock equivalent to 89 days, this is in line with average (92 days)
89 days - Kenwood Limited
92 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 127 weeks, this is more cash available to meet short term requirements (3 weeks)
127 weeks - Kenwood Limited
3 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.3%, this is a lower level of debt than the average (62.6%)
26.3% - Kenwood Limited
62.6% - Industry AVG
KENWOOD LIMITED financials
Kenwood Limited's latest turnover from December 2022 is £112.8 million and the company has net assets of £138.3 million. According to their latest financial statements, Kenwood Limited has 237 employees and maintains cash reserves of £90.1 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 | 112,764,000 | 129,117,000 | 112,087,000 | 98,044,000 | 367,330,000 | 328,858,000 | 299,759,000 | 281,782,000 | 307,468,000 | 232,421,000 | 226,893,000 | 298,206,000 | 297,208,000 | 239,546,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 68,961,000 | 84,942,000 | 72,697,000 | 64,829,000 | 297,385,000 | 253,249,000 | 234,261,000 | 221,991,000 | 228,736,000 | 163,226,000 | 162,729,000 | 209,185,000 | 199,404,000 | 157,386,000 |
| Gross Profit | 43,803,000 | 44,175,000 | 39,390,000 | 33,215,000 | 69,945,000 | 75,609,000 | 65,498,000 | 59,791,000 | 78,732,000 | 69,195,000 | 64,164,000 | 89,021,000 | 97,804,000 | 82,160,000 |
| Admin Expenses | 38,721,000 | 38,562,000 | 34,144,000 | -9,747,000 | 65,472,000 | 60,266,000 | 53,777,000 | 73,482,000 | 77,040,000 | 65,747,000 | ||||
| Operating Profit | 5,082,000 | 5,613,000 | 5,246,000 | 42,962,000 | 4,473,000 | 8,929,000 | 10,387,000 | 15,539,000 | 20,764,000 | 16,413,000 | ||||
| Interest Payable | 853,000 | 612,000 | 470,000 | 608,000 | 394,000 | 603,000 | 1,043,000 | 2,633,000 | 3,680,000 | 2,578,000 | 2,306,000 | 2,640,000 | 724,000 | 2,854,000 |
| Interest Receivable | 421,000 | 104,000 | 250,000 | 514,000 | 154,000 | 108,000 | 150,000 | 1,382,000 | 1,600,000 | 1,814,000 | 1,609,000 | 1,759,000 | 30,000 | 13,000 |
| Pre-Tax Profit | 9,163,000 | 5,356,000 | 16,863,000 | 39,185,000 | 10,640,000 | 31,800,000 | 40,857,000 | 28,491,000 | 10,186,000 | 8,165,000 | 9,690,000 | 14,658,000 | 19,851,000 | 14,792,000 |
| Tax | -948,000 | -349,000 | -1,770,000 | -7,150,000 | -691,000 | -3,316,000 | -4,191,000 | -839,000 | -2,153,000 | -2,055,000 | -2,319,000 | -3,416,000 | -5,360,000 | -5,068,000 |
| Profit After Tax | 8,215,000 | 5,007,000 | 15,093,000 | 32,035,000 | 9,949,000 | 28,484,000 | 36,666,000 | 27,652,000 | 8,033,000 | 6,110,000 | 7,371,000 | 11,242,000 | 14,491,000 | 9,724,000 |
| Dividends Paid | 0 | 0 | 18,500,000 | 30,000,000 | 0 | 12,500,000 | 2,000,000 | 3,800,000 | 8,500,000 | 7,000,000 | 6,300,000 | 17,000,000 | 925,000 | 0 |
| Retained Profit | 8,215,000 | 5,007,000 | -3,407,000 | 2,035,000 | 9,949,000 | 15,984,000 | 34,666,000 | 23,852,000 | -467,000 | -890,000 | 1,071,000 | -5,758,000 | 13,566,000 | 9,724,000 |
| Employee Costs | 14,438,000 | 15,038,000 | 13,457,000 | 13,546,000 | 14,009,000 | 12,750,000 | 12,357,000 | 13,295,000 | 12,314,000 | 12,604,000 | 11,814,000 | 10,868,000 | 10,809,000 | 9,367,000 |
| Number Of Employees | 237 | 229 | 238 | 248 | 256 | 253 | 272 | 272 | 279 | 290 | 277 | 272 | 253 | 248 |
| EBITDA* | 7,434,000 | 9,193,000 | 10,437,000 | 47,560,000 | 8,619,000 | 12,261,000 | 13,743,000 | 18,668,000 | 23,582,000 | 18,867,000 |
* 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 | 17,805,000 | 17,943,000 | 10,124,000 | 13,201,000 | 8,548,000 | 9,821,000 | 8,488,000 | 7,347,000 | 7,420,000 | 8,239,000 | 7,830,000 | 8,004,000 | 7,677,000 | 5,716,000 |
| Intangible Assets | 4,258,000 | 4,751,000 | 5,412,000 | 4,877,000 | 4,333,000 | 6,381,000 | 6,092,000 | 4,534,000 | 4,016,000 | 3,592,000 | 3,178,000 | 2,832,000 | 2,895,000 | 2,637,000 |
| Investments & Other | 1,358,000 | 1,358,000 | 1,358,000 | 1,358,000 | 1,358,000 | 1,358,000 | 1,358,000 | 1,358,000 | 1,358,000 | 0 | 0 | 1,358,000 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 23,421,000 | 24,052,000 | 16,894,000 | 19,436,000 | 14,239,000 | 17,560,000 | 15,938,000 | 13,239,000 | 12,794,000 | 11,831,000 | 11,008,000 | 12,194,000 | 10,572,000 | 8,353,000 |
| Stock & work in progress | 16,965,000 | 25,954,000 | 17,925,000 | 11,273,000 | 19,170,000 | 14,038,000 | 14,511,000 | 15,410,000 | 13,320,000 | 13,408,000 | 16,114,000 | 14,037,000 | 28,771,000 | 22,461,000 |
| Trade Debtors | 12,691,000 | 18,224,000 | 13,287,000 | 13,680,000 | 39,397,000 | 46,921,000 | 36,333,000 | 43,044,000 | 52,294,000 | 29,469,000 | 29,958,000 | 22,819,000 | 15,785,000 | 20,211,000 |
| Group Debtors | 39,694,000 | 10,119,000 | 11,445,000 | 22,108,000 | 70,256,000 | 47,644,000 | 54,700,000 | 47,687,000 | 60,055,000 | 36,317,000 | 52,995,000 | 52,193,000 | 43,449,000 | 36,203,000 |
| Misc Debtors | 4,686,000 | 3,662,000 | 2,771,000 | 2,944,000 | 29,000 | 44,000 | 30,000 | 32,000 | 18,097,000 | 14,365,000 | 10,461,000 | 3,358,000 | 1,993,000 | 2,027,000 |
| Cash | 90,050,000 | 111,615,000 | 107,047,000 | 102,237,000 | 93,208,000 | 86,052,000 | 66,071,000 | 36,846,000 | 13,850,000 | 32,785,000 | 13,127,000 | 18,584,000 | 35,154,000 | 21,906,000 |
| misc current assets | 0 | 0 | 0 | 0 | 1,498,000 | 1,237,000 | 570,000 | 1,209,000 | 735,000 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 164,086,000 | 169,574,000 | 152,475,000 | 152,242,000 | 223,558,000 | 195,936,000 | 172,215,000 | 144,228,000 | 158,351,000 | 126,344,000 | 122,655,000 | 110,991,000 | 125,152,000 | 102,808,000 |
| total assets | 187,507,000 | 193,626,000 | 169,369,000 | 171,678,000 | 237,797,000 | 213,496,000 | 188,153,000 | 157,467,000 | 171,145,000 | 138,175,000 | 133,663,000 | 123,185,000 | 135,724,000 | 111,161,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 13,145,000 | 0 | 255,000 | 5,204,000 | 25,075,000 | 0 | 13,748,000 | 0 | 0 | 7,227,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 20,973,000 | 20,735,000 | 20,197,000 | 17,499,000 | 22,211,000 | 21,847,000 | 20,463,000 | 24,165,000 | 26,290,000 | 20,865,000 | 21,509,000 | 19,904,000 | 17,875,000 | 5,269,000 |
| Group/Directors Accounts | 3,811,000 | 15,547,000 | 8,122,000 | 8,479,000 | 62,135,000 | 60,040,000 | 47,192,000 | 44,807,000 | 48,032,000 | 47,943,000 | 30,848,000 | 32,151,000 | 30,232,000 | 25,613,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,588,000 | 1,445,000 | 523,000 | 1,577,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,439,000 | 13,311,000 | 11,764,000 | 11,506,000 | 11,348,000 | 12,766,000 | 15,375,000 | 14,069,000 | 25,071,000 | 24,826,000 | 19,314,000 | 22,327,000 | 30,410,000 | 28,342,000 |
| total current liabilities | 36,811,000 | 51,038,000 | 40,606,000 | 39,061,000 | 108,839,000 | 94,653,000 | 83,285,000 | 88,245,000 | 124,468,000 | 93,634,000 | 85,419,000 | 74,382,000 | 78,517,000 | 66,451,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 |
| hp & lease commitments | 9,853,000 | 10,914,000 | 2,852,000 | 3,599,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 1,000 | 760,000 | 971,000 | 737,000 | 909,000 | 1,081,000 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 2,549,000 | 1,478,000 | 1,462,000 | 1,537,000 | 1,754,000 | 1,836,000 | 1,779,000 | 1,184,000 | 979,000 | 1,114,000 | 709,000 | 783,000 | 660,000 | 482,000 |
| total long term liabilities | 12,402,000 | 12,392,000 | 4,314,000 | 5,137,000 | 2,514,000 | 2,807,000 | 2,516,000 | 2,093,000 | 2,755,000 | 3,768,000 | 897,000 | 2,952,000 | 3,291,000 | 4,301,000 |
| total liabilities | 49,213,000 | 63,430,000 | 44,920,000 | 44,198,000 | 111,353,000 | 97,460,000 | 85,801,000 | 90,338,000 | 127,223,000 | 97,402,000 | 86,316,000 | 77,334,000 | 81,808,000 | 70,752,000 |
| net assets | 138,294,000 | 130,196,000 | 124,449,000 | 127,480,000 | 126,444,000 | 116,036,000 | 102,352,000 | 67,129,000 | 43,922,000 | 40,773,000 | 47,347,000 | 45,851,000 | 53,916,000 | 40,409,000 |
| total shareholders funds | 138,294,000 | 130,196,000 | 124,449,000 | 127,480,000 | 126,444,000 | 116,036,000 | 102,352,000 | 67,129,000 | 43,922,000 | 40,773,000 | 47,347,000 | 45,851,000 | 53,916,000 | 40,409,000 |
| 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 | 5,082,000 | 5,613,000 | 5,246,000 | 42,962,000 | 4,473,000 | 8,929,000 | 10,387,000 | 15,539,000 | 20,764,000 | 16,413,000 | ||||
| Depreciation | 2,352,000 | 3,580,000 | 3,801,000 | 2,878,000 | 2,671,000 | 3,223,000 | 2,935,000 | 2,955,000 | 2,857,000 | 2,474,000 | 2,515,000 | 2,211,000 | 1,956,000 | 1,820,000 |
| Amortisation | 0 | 0 | 1,390,000 | 1,720,000 | 1,475,000 | 1,836,000 | 1,200,000 | 1,321,000 | 921,000 | 858,000 | 841,000 | 918,000 | 862,000 | 634,000 |
| Tax | -948,000 | -349,000 | -1,770,000 | -7,150,000 | -691,000 | -3,316,000 | -4,191,000 | -839,000 | -2,153,000 | -2,055,000 | -2,319,000 | -3,416,000 | -5,360,000 | -5,068,000 |
| Stock | -8,989,000 | 8,029,000 | 6,652,000 | -7,897,000 | 5,132,000 | -473,000 | -899,000 | 2,090,000 | -88,000 | -2,706,000 | 2,077,000 | -14,734,000 | 6,310,000 | 22,461,000 |
| Debtors | 25,066,000 | 4,502,000 | -11,229,000 | -70,950,000 | 15,073,000 | 3,546,000 | 300,000 | -39,683,000 | 50,295,000 | -13,263,000 | 15,044,000 | 17,143,000 | 2,786,000 | 58,441,000 |
| Creditors | 238,000 | 538,000 | 2,698,000 | -4,712,000 | 364,000 | 1,384,000 | -3,702,000 | -2,125,000 | 5,425,000 | -644,000 | 1,605,000 | 2,029,000 | 12,606,000 | 5,269,000 |
| Accruals and Deferred Income | -2,872,000 | 1,547,000 | 257,000 | -601,000 | -1,629,000 | -2,375,000 | 1,134,000 | -11,174,000 | 1,326,000 | 5,512,000 | -3,013,000 | -8,083,000 | 2,068,000 | 28,342,000 |
| Deferred Taxes & Provisions | 1,071,000 | 16,000 | -75,000 | -217,000 | -82,000 | 57,000 | 595,000 | 205,000 | -135,000 | 405,000 | -74,000 | 123,000 | 178,000 | 482,000 |
| Cash flow from operations | -11,154,000 | -1,586,000 | 16,124,000 | 113,727,000 | -13,624,000 | 31,448,000 | -7,179,000 | 6,912,000 | 23,978,000 | -33,010,000 | ||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,358,000 | 0 | -1,358,000 | 1,358,000 | 0 | 0 |
| 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 | -11,736,000 | 7,425,000 | -357,000 | -53,656,000 | 2,095,000 | 12,848,000 | 2,385,000 | -3,225,000 | 89,000 | 17,095,000 | -1,303,000 | 1,919,000 | 4,619,000 | 25,613,000 |
| 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 | -25,000 | 0 | 0 | 0 | 0 | 25,000 |
| Hire Purchase and Lease Commitments | -918,000 | 8,984,000 | -1,801,000 | 5,176,000 | 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 | -432,000 | -508,000 | -220,000 | -94,000 | -240,000 | -495,000 | -893,000 | -1,251,000 | -2,080,000 | -764,000 | -697,000 | -881,000 | -694,000 | -2,841,000 |
| cash flow from financing | -13,203,000 | 16,641,000 | -2,002,000 | -49,573,000 | 2,314,000 | 10,053,000 | 2,049,000 | -5,121,000 | 1,600,000 | 10,647,000 | -1,575,000 | -1,269,000 | 3,866,000 | 53,482,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -21,565,000 | 4,568,000 | 4,810,000 | 9,029,000 | 7,156,000 | 19,981,000 | 29,225,000 | 22,996,000 | -18,935,000 | 19,658,000 | -5,457,000 | -16,570,000 | 13,248,000 | 21,906,000 |
| overdraft | 0 | 0 | 0 | -13,145,000 | 13,145,000 | -255,000 | -4,949,000 | -19,871,000 | 25,075,000 | -13,748,000 | 13,748,000 | 0 | -7,227,000 | 7,227,000 |
| change in cash | -21,565,000 | 4,568,000 | 4,810,000 | 22,174,000 | -5,989,000 | 20,236,000 | 34,174,000 | 42,867,000 | -44,010,000 | 33,406,000 | -19,205,000 | -16,570,000 | 20,475,000 | 14,679,000 |
kenwood limited Credit Report and Business Information
Kenwood Limited Competitor Analysis
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kenwood limited Ownership
KENWOOD LIMITED group structure
Kenwood Limited has no subsidiary companies.
Ultimate parent company
DE'LONGHI SPA
#0022132
2 parents
KENWOOD LIMITED
00872044
kenwood limited directors
Kenwood Limited currently has 3 directors. The longest serving directors include Miss Silvia De'Longhi (Aug 2009) and Mr Matthew York (Feb 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Silvia De'Longhi | 39 years | Aug 2009 | - | Director | |
| Mr Matthew York | 55 years | Feb 2024 | - | Director | |
| Mr Alan Cummings | 56 years | Feb 2024 | - | Director |
P&L
December 2022turnover
112.8m
-13%
operating profit
5.1m
-9%
gross margin
38.9%
+13.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
138.3m
+0.06%
total assets
187.5m
-0.03%
cash
90.1m
-0.19%
net assets
Total assets minus all liabilities
Similar Companies
kenwood limited company details
company number
00872044
Type
Private limited with Share Capital
industry
27510 - Manufacture of electric domestic appliances
incorporation date
February 1966
age
58
accounts
Full Accounts
ultimate parent company
previous names
kenwood limited (October 2009)
thorn emi kenwood small appliances limited (December 1986)
See moreincorporated
UK
address
1 kenwood business park, new, lane, havant, hampshire, PO9 2NH
last accounts submitted
December 2022
kenwood 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 5 charges/mortgages relating to kenwood limited. Currently there are 0 open charges and 5 have been satisfied in the past.
kenwood limited Companies House Filings - See Documents
| date | description | view/download |
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