Ashe Group Holdings Limited

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ashe group holdings limited Company Information

Live

MatureLargeHealthy

Company Number

01068783

Next Accounts

Sep 2025

Industry

Development of building projects

Renting and operating of Housing Association real estate

Directors

Robert Blake

Robin Blake

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Shareholders

robert stephen blake

neil robert blake

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Group Structure

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Contact

Registered Address

ashe house, cooks way, hitchin, herts, SG4 0JE

Website

www.asheconstruction.co.uk

ashe group holdings limited Estimated Valuation

£270.1m

Pomanda estimates the enterprise value of ASHE GROUP HOLDINGS LIMITED at £270.1m based on a Turnover of £87m and 3.1x industry multiple (adjusted for size and gross margin).

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Ashe Group Holdings Limited is a live company located in hitchin, SG4 0JE with a Companies House number of 01068783. It operates in the development of building projects sector, SIC Code 41100. Founded in August 1972, it's largest shareholder is robert stephen blake with a 39.6% stake. Ashe Group Holdings Limited is a mature, large sized company, Pomanda has estimated its turnover at £87m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ashe Group Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

0 Regular

5 Weak

Size

annual sales of £87m, make it larger than the average company (£2m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.1%)

EXPORT

Ashe Group Holdings Limited's latest turnover from December 2023 is £87 million and the company has net assets of £15.7 million. According to their latest financial statements, Ashe Group Holdings Limited has 126 employees and maintains cash reserves of £26.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	87,029,360	84,194,761	70,492,828	67,139,339	58,637,130	70,653,874	64,016,433	70,742,556	62,494,525	45,298,853	47,265,748	42,868,526	43,519,444	28,975,115	26,102,844
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	78,404,972	77,707,835	66,116,604	63,844,833	55,386,254	67,221,980	60,218,655	67,103,395	60,139,337	43,270,681	45,160,192	40,829,753	41,602,125	27,443,274	24,452,439
Gross Profit	8,624,388	6,486,926	4,376,224	3,294,506	3,250,876	3,431,894	3,797,778	3,639,161	2,355,188	2,028,172	2,105,556	2,038,773	1,917,319	1,531,841	1,650,405
Admin Expenses	4,764,184	3,556,116	2,842,795	2,017,582	2,366,804	2,623,766	2,958,301	2,554,339	1,740,084	1,909,277	1,775,339	1,755,438	1,603,052	1,247,759	1,467,772
Operating Profit	3,860,204	2,930,810	1,533,429	1,276,924	884,072	808,128	839,477	1,084,822	615,104	118,895	330,217	283,335	314,267	284,082	182,633
Interest Payable	0	0	0	0	0	14	0	0	3,873	10,767	15,741	38,239	42,716	40,671	11,478
Interest Receivable	893,044	130,331	475	15,403	33,045	30,276	10,697	11,661	11,549	6,663	14,210	14,827	7,715	2,758	33,636
Pre-Tax Profit	5,842,651	2,762,015	1,533,904	1,292,327	917,117	838,390	850,174	1,096,483	622,780	114,791	328,686	259,923	279,266	246,169	204,791
Tax	-915,100	-95,613	18,264	-40,424	120,852	115,636	217,022	-56,903	-155,308	40,104	-84,224	-67,048	-60,784	-77,247	-48,034
Profit After Tax	4,927,551	2,666,402	1,552,168	1,251,903	1,037,969	954,026	1,067,196	1,039,580	467,472	154,895	244,462	192,875	218,482	168,922	156,757
Dividends Paid	789,655	724,378	275,078	246,400	349,656	187,800	232,849	160,410	185,000	130,000	0	0	0	86,500	0
Retained Profit	4,137,896	1,942,024	1,277,090	1,005,503	688,313	766,226	834,347	879,170	282,472	24,895	244,462	192,875	218,482	82,422	156,757
Employee Costs	12,537,051	10,305,944	8,942,724	8,206,395	8,340,189	8,234,266	8,382,271	6,835,125	5,864,624	4,673,904	4,422,444	3,958,153	4,218,771	3,752,189	3,790,371
Number Of Employees	126	120	111	119	120	129	116	114	110	107	104	93	97	86	86
EBITDA*	4,143,192	3,138,821	1,681,210	1,479,160	1,144,875	1,086,680	1,164,288	1,386,354	872,695	367,548	575,114	470,932	481,907	429,716	375,705

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	540,147	400,768	182,768	257,729	258,539	1,105,752	1,329,382	1,370,256	1,254,554	1,254,604	1,389,920	1,329,196	1,243,489	942,103	1,099,360
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	2,835,000	1,720,000	1,575,000	1,300,000	1,300,000	1,300,000	1,300,000	1,300,000	1,300,000	1,300,000	1,527,470	1,752,470	225,000	690,000	690,000
Debtors (Due After 1 year)	3,478,402	2,504,691	1,559,076	1,709,707	1,400,892	1,714,811	1,200,331	1,422,092	1,467,691	604,794	742,549	839,027	728,870	492,954	512,487
Total Fixed Assets	6,853,549	4,625,459	3,316,844	3,267,436	2,959,431	4,120,563	3,829,713	4,092,348	4,022,245	3,159,398	3,659,939	3,920,693	2,197,359	2,125,057	2,301,847
Stock & work in progress	448,185	448,185	417,390	304,477	304,477	304,477	304,477	304,477	304,477	304,477	304,477	304,477	1,831,947	1,831,947	1,831,947
Trade Debtors	7,998,839	8,370,215	8,331,662	5,370,744	7,549,734	8,500,926	9,809,197	10,368,259	6,081,936	6,323,701	5,930,151	5,683,242	4,833,273	4,566,686	3,349,983
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,473,304	1,151,640	1,470,984	1,420,839	1,246,683	1,128,668	956,521	1,562,439	828,184	423,250	593,034	300,945	117,142	162,820	225,028
Cash	26,749,032	20,270,631	11,652,087	12,392,541	8,062,155	7,877,603	7,586,995	6,937,411	5,710,981	2,254,101	2,231,856	3,381,410	2,618,395	4,218,822	1,979,336
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	36,669,360	30,240,671	21,872,123	19,488,601	17,163,049	17,811,674	18,657,190	19,172,586	12,925,578	9,305,529	9,059,518	9,670,074	9,400,757	10,780,275	7,386,294
total assets	43,522,909	34,866,130	25,188,967	22,756,037	20,122,480	21,932,237	22,486,903	23,264,934	16,947,823	12,464,927	12,719,457	13,590,767	11,598,116	12,905,332	9,688,141
Bank overdraft	0	0	0	61,457	0	0	0	0	0	0	0	0	3,391	388,083	600,867
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	40,182	0
Trade Creditors	1,992,680	1,018,190	1,007,557	892,321	733,459	664,826	746,723	772,070	620,190	710,918	742,621	901,550	702,341	463,679	273,301
Group/Directors Accounts	1,000	1,000	500	500	500	500	500	500	106,728	500	0	54,540	300,038	152,973	184,935
other short term finances	198,398	225,853	89,853	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	9,083	34,366	33,023	43,972	15,273	196,056	109,111	73,746	95,504	60,484	115,751	38,396	52,280
other current liabilities	23,968,530	20,032,852	12,887,752	11,606,212	10,603,373	12,454,992	13,185,000	15,940,748	10,716,099	6,536,471	6,769,999	7,643,515	6,179,288	7,375,542	4,036,281
total current liabilities	26,160,608	21,277,895	13,994,745	12,594,856	11,370,355	13,164,290	13,947,496	16,909,374	11,552,128	7,321,635	7,608,124	8,660,089	7,300,809	8,458,855	5,147,664
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	194,990	293,172
hp & lease commitments	0	0	0	9,866	16,924	24,806	10,073	21,762	30,731	17,179	35,431	12,298	46,298	10,777	32,301
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	1,537,426	2,032,579	1,580,590	1,814,773	1,404,162	2,100,415	2,652,834	1,291,645	1,201,979	1,291,094	1,038,308	1,125,248	650,752	608,310	665,026
provisions	131,323	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,668,749	2,032,579	1,580,590	1,824,639	1,421,086	2,125,221	2,662,907	1,313,407	1,232,710	1,308,273	1,073,739	1,137,546	697,050	814,077	990,499
total liabilities	27,829,357	23,310,474	15,575,335	14,419,495	12,791,441	15,289,511	16,610,403	18,222,781	12,784,838	8,629,908	8,681,863	9,797,635	7,997,859	9,272,932	6,138,163
net assets	15,693,552	11,555,656	9,613,632	8,336,542	7,331,039	6,642,726	5,876,500	5,042,153	4,162,985	3,835,019	4,037,594	3,793,132	3,600,257	3,632,400	3,549,978
total shareholders funds	15,693,552	11,555,656	9,613,632	8,336,542	7,331,039	6,642,726	5,876,500	5,042,153	4,162,985	3,835,019	4,037,594	3,793,132	3,600,257	3,632,400	3,549,978

	Dec 2023	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	3,860,204	2,930,810	1,533,429	1,276,924	884,072	808,128	839,477	1,084,822	615,104	118,895	330,217	283,335	314,267	284,082	182,633
Depreciation	282,988	208,011	147,781	202,236	260,803	278,552	324,811	301,532	257,591	248,653	244,897	187,597	167,640	145,634	193,072
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-915,100	-95,613	18,264	-40,424	120,852	115,636	217,022	-56,903	-155,308	40,104	-84,224	-67,048	-60,784	-77,247	-48,034
Stock	0	30,795	112,913	0	0	0	0	0	0	0	0	-1,527,470	0	0	1,831,947
Debtors	923,999	664,824	2,860,432	-1,696,019	-1,147,096	-621,644	-1,386,741	4,974,979	1,026,066	86,011	442,520	1,143,929	456,825	1,134,962	4,087,498
Creditors	974,490	10,633	115,236	158,862	68,633	-81,897	-25,347	151,880	-90,728	-31,703	-158,929	199,209	238,662	190,378	273,301
Accruals and Deferred Income	3,935,678	7,145,100	1,281,540	1,002,839	-1,851,619	-730,008	-2,755,748	5,224,649	4,179,628	-233,528	-873,516	1,464,227	-1,196,254	3,339,261	4,036,281
Deferred Taxes & Provisions	131,323	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	7,345,584	9,503,322	122,905	4,296,456	629,837	1,012,055	-13,044	1,731,001	3,780,221	56,410	-984,075	2,450,861	-993,294	2,747,146	-1,282,192
Investing Activities
capital expenditure	0	0	0	0	0	-75,467	-235,178	-648,196	-193,929	-105,900	-48,777	-248,238	-141,074	44,204	-60,482
Change in Investments	1,115,000	145,000	275,000	0	0	0	0	0	0	-227,470	-225,000	1,527,470	-465,000	0	690,000
cash flow from investments	-1,115,000	-145,000	-275,000	0	0	-75,467	-235,178	-648,196	-193,929	121,570	176,223	-1,775,708	323,926	44,204	-750,482
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	-40,182	40,182	0
Group/Directors Accounts	0	500	0	0	0	0	0	-106,228	106,228	500	-54,540	-245,498	147,065	-31,962	184,935
Other Short Term Loans	-27,455	136,000	89,853	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	-194,990	-98,182	293,172
Hire Purchase and Lease Commitments	0	-9,083	-35,149	-5,715	-18,831	43,432	-192,472	77,976	48,917	-40,010	58,153	-89,267	112,876	-35,408	84,581
other long term liabilities	-495,153	451,989	-234,183	410,611	-696,253	-552,419	1,361,189	89,666	-89,115	252,786	-86,940	474,496	42,442	-56,716	665,026
share issue	0	0	0	0	0	0	0	-2	45,494	-227,470	0	0	-250,625	0	3,393,221
interest	893,044	130,331	475	15,403	33,045	30,262	10,697	11,661	7,676	-4,104	-1,531	-23,412	-35,001	-37,913	22,158
cash flow from financing	370,436	709,737	-179,004	420,299	-682,039	-478,725	1,179,414	73,073	119,200	-18,298	-84,858	116,319	-218,415	-219,999	4,643,093
cash and cash equivalents
cash	6,478,401	8,618,544	-740,454	4,330,386	184,552	290,608	649,584	1,226,430	3,456,880	22,245	-1,149,554	763,015	-1,600,427	2,239,486	1,979,336
overdraft	0	0	-61,457	61,457	0	0	0	0	0	0	0	-3,391	-384,692	-212,784	600,867
change in cash	6,478,401	8,618,544	-678,997	4,268,929	184,552	290,608	649,584	1,226,430	3,456,880	22,245	-1,149,554	766,406	-1,215,735	2,452,270	1,378,469

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ASHE GROUP HOLDINGS LIMITED group structure

Ashe Group Holdings Limited has 2 subsidiary companies.

Ultimate parent company

ASHE GROUP HOLDINGS LIMITED

01068783

2 subsidiaries

ASHE CONSTRUCTION LIMITED

02373535

ASHE DEVELOPMENTS LIMITED

13628136

ASHE GROUP HOLDINGS LIMITED Shareholders

robert stephen blake	39.62%
neil robert blake	24.99%
robin alexander blake	24.99%
louise blake	10.02%
kaia madeleine blake	0.06%
bode lucas blake	0.06%
maximillian robert conrad blake	0.06%
eva alexandra blake	0.06%
amalie blake	0.06%
dylan robert blake	0.06%

Ashe Group Holdings Limited currently has 3 directors. The longest serving directors include Mr Robert Blake (Jun 1992) and Mr Robin Blake (Oct 2002).

officer	country	age	start	end	role
Mr Robert Blake		86 years	Jun 1992	-	Director
Mr Robin Blake	United Kingdom	56 years	Oct 2002	-	Director
Mr Neil Blake	United Kingdom	53 years	Feb 2008	-	Director

P&L

December 2023

turnover

87m

+3%

operating profit

3.9m

+32%

gross margin

10%

+28.62%

turnover

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

Balance Sheet

December 2023

net assets

15.7m

+0.36%

total assets

43.5m

+0.25%

cash

26.7m

+0.32%

net assets

Total assets minus all liabilities

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company number

01068783

Type

Private limited with Share Capital

industry

41100 - Development of building projects

68201 - Renting and operating of Housing Association real estate

incorporation date

August 1972

ultimate parent company

None

previous names

ashe construction limited (January 1999)

ashe developments limited (December 1980)

address

ashe house, cooks way, hitchin, herts, SG4 0JE

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 15 charges/mortgages relating to ashe group holdings limited. Currently there are 0 open charges and 15 have been satisfied in the past.

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.

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ashe group holdings limited Company Information

ashe group holdings limited Estimated Valuation

ashe group holdings limited Estimated Valuation

ashe group holdings limited Estimated Valuation

Ashe Group Holdings Limited Overview

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ASHE GROUP HOLDINGS LIMITED financials

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