hill brothers (chichester) limited

hill brothers (chichester) limited Company Information

Share HILL BROTHERS (CHICHESTER) LIMITED
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MatureMidLow

Company Number

01180441

Industry

Growing of vegetables and melons, roots and tubers

 

Directors

Peter Hill

Kevin Hill

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Shareholders

kevin john hill

peter geoffrey hill & beatrice hill

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Group Structure

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Contact

Registered Address

hill brothers (chichester) limit, lagness road, chichester, west sussex, PO20 1NL

hill brothers (chichester) limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of HILL BROTHERS (CHICHESTER) LIMITED at £3.2m based on a Turnover of £11.3m and 0.29x industry multiple (adjusted for size and gross margin).

hill brothers (chichester) limited Estimated Valuation

£209.7k

Pomanda estimates the enterprise value of HILL BROTHERS (CHICHESTER) LIMITED at £209.7k based on an EBITDA of £63.2k and a 3.32x industry multiple (adjusted for size and gross margin).

hill brothers (chichester) limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of HILL BROTHERS (CHICHESTER) LIMITED at £3.1m based on Net Assets of £2.4m and 1.31x industry multiple (adjusted for liquidity).

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Hill Brothers (chichester) Limited Overview

Hill Brothers (chichester) Limited is a live company located in chichester, PO20 1NL with a Companies House number of 01180441. It operates in the growing of vegetables and melons, roots and tubers sector, SIC Code 01130. Founded in August 1974, it's largest shareholder is kevin john hill with a 46.1% stake. Hill Brothers (chichester) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.3m with low growth in recent years.

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Hill Brothers (chichester) Limited Health Check

Pomanda's financial health check has awarded Hill Brothers (Chichester) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £11.3m, make it larger than the average company (£8m)

£11.3m - Hill Brothers (chichester) Limited

£8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.1%)

0% - Hill Brothers (chichester) Limited

5.1% - Industry AVG

production

Production

with a gross margin of 7.7%, this company has a higher cost of product (16.3%)

7.7% - Hill Brothers (chichester) Limited

16.3% - Industry AVG

profitability

Profitability

an operating margin of -1.5% make it less profitable than the average company (2.2%)

-1.5% - Hill Brothers (chichester) Limited

2.2% - Industry AVG

employees

Employees

with 45 employees, this is similar to the industry average (45)

45 - Hill Brothers (chichester) Limited

45 - Industry AVG

paystructure

Pay Structure

on an average salary of £57.5k, the company has a higher pay structure (£32k)

£57.5k - Hill Brothers (chichester) Limited

£32k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £250.1k, this is more efficient (£133.4k)

£250.1k - Hill Brothers (chichester) Limited

£133.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 57 days, this is later than average (24 days)

57 days - Hill Brothers (chichester) Limited

24 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 37 days, this is slower than average (31 days)

37 days - Hill Brothers (chichester) Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 53 days, this is more than average (34 days)

53 days - Hill Brothers (chichester) Limited

34 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (7 weeks)

0 weeks - Hill Brothers (chichester) Limited

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 61.9%, this is a similar level of debt than the average (59.7%)

61.9% - Hill Brothers (chichester) Limited

59.7% - Industry AVG

HILL BROTHERS (CHICHESTER) LIMITED financials

EXPORTms excel logo

Hill Brothers (Chichester) Limited's latest turnover from December 2023 is £11.3 million and the company has net assets of £2.4 million. According to their latest financial statements, Hill Brothers (Chichester) Limited has 45 employees and maintains cash reserves of £7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover11,255,66710,819,24913,151,22511,238,01412,540,76413,766,52014,359,25913,196,61511,477,7729,720,2088,693,6057,764,1258,662,9898,382,7538,319,942
Other Income Or Grants000000000000000
Cost Of Sales10,387,5169,619,19711,486,67610,361,81011,481,54712,691,87313,052,93011,683,7829,921,8058,296,4967,289,7396,291,2076,768,7836,739,3660
Gross Profit868,1511,200,0521,664,549876,2041,059,2171,074,6471,306,3291,512,8331,555,9671,423,7121,403,8661,472,9181,894,2061,643,3870
Admin Expenses1,037,2551,303,3341,416,473977,680958,508953,119954,509975,723813,3771,016,2951,192,6671,068,3191,673,4141,360,866-146,681
Operating Profit-169,104-103,282248,076-101,476100,709121,528351,820537,110742,590407,417211,199404,599220,792282,521146,681
Interest Payable110,89130,98210,96115,85923,62428,41128,98134,69840,97232,29014,55813,33621,48729,68832,852
Interest Receivable000000000069,4630000
Pre-Tax Profit-279,995-134,264238,906-117,33577,08593,117322,839502,412701,618375,127267,198891,213199,305252,833113,829
Tax50,241-43,835-49,40742,967-51,69568,98748,261-97,524-151,545-82,152-57,773-85,905-38,452-54,544-25,682
Profit After Tax-229,754-178,099189,499-74,36825,390162,104371,100404,888550,073292,975209,425805,308160,853198,28988,147
Dividends Paid00025,00081,052131,000137,874170,244121,766104,996144,996101,83855,0005,0000
Retained Profit-229,754-178,099189,499-99,368-55,66231,104233,226234,644428,307187,97964,429703,470105,853193,28988,147
Employee Costs2,587,3662,448,8912,606,1692,359,7582,147,0042,085,0302,084,6411,927,4231,781,453965,042790,114777,008737,299742,6711,008,004
Number Of Employees454945403736404036323030292929
EBITDA*63,17073,465446,734104,836311,133340,914575,296767,063977,679606,579340,524498,493321,938395,407258,143

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,550,9552,489,9501,721,2581,723,3381,875,7851,927,1072,082,8282,146,1602,254,0432,199,6731,668,908848,508896,104977,915918,935
Intangible Assets56,65500000000000000
Investments & Other000707070707070707070120120120
Debtors (Due After 1 year)000000000000000
Total Fixed Assets2,607,6102,489,9501,721,2581,723,4081,875,8551,927,1772,082,8982,146,2302,254,1132,199,7431,668,978848,578896,224978,035919,055
Stock & work in progress1,514,7071,564,3271,306,345718,845749,934993,0661,142,021876,221765,779795,906662,173644,421556,282655,443613,325
Trade Debtors1,774,7031,341,7902,508,5963,017,2103,453,5674,148,0644,623,8704,653,8503,339,5542,418,5382,419,4032,298,3572,137,5931,688,9501,959,903
Group Debtors00000000000098,09900
Misc Debtors277,476150,261121,344137,439120,463115,82156,3489,78942,6667,306103,26631,87110,67415,48224,889
Cash7,01528,20739,99131,92033,40612,52941,8354,8951,0467,0917,6364,55713341630,925
misc current assets000000000000000
total current assets3,573,9013,084,5853,976,2763,905,4144,357,3705,269,4805,864,0745,544,7554,149,0453,228,8413,192,4782,979,2062,802,7812,360,2912,629,042
total assets6,181,5115,574,5355,697,5345,628,8226,233,2257,196,6577,946,9727,690,9856,403,1585,428,5844,861,4563,827,7843,699,0053,338,3263,548,097
Bank overdraft0000000531,242380,693253,491463,73057,378423,997411,227206,319
Bank loan000000000279,259169,580104,48100103,189
Trade Creditors 1,057,0851,042,1471,285,9921,281,4291,725,8922,362,1342,860,2572,843,4181,829,1061,460,8181,743,1551,324,7291,549,322553,361760,114
Group/Directors Accounts00039,86292,673115,84499,83680,02870,93286,116110,809102,44587,732719,652933,177
other short term finances910,880358,788373,482378,028486,070522,508559,16200000000
hp & lease commitments73,09910,15811,4818,82423,90738,86634,65118,00019,53824,1506,1501,53828,86637,68132,172
other current liabilities615,750535,378838,695851,297643,232717,153794,023709,434605,339338,027289,205390,520357,935332,753253,853
total current liabilities2,656,8141,946,4712,509,6502,559,4402,971,7743,756,5054,347,9294,182,1222,905,6082,441,8612,782,6291,981,0912,447,8522,054,6742,288,824
loans635,614677,211111,654196,712276,681416,453554,337715,295912,056849,795268,380166,136272,676373,386532,865
hp & lease commitments233,3331,57510,9629684,36726,31935,87926,50044,50064,0387,68802,19633,11357,443
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions299,386349,627273,985256,385265,718227,033259,087250,554259,124219,327137,17579,40278,59685,32170,422
total long term liabilities1,168,3331,028,413396,601454,065546,766669,805849,303992,3491,215,6801,133,160413,243245,538353,468491,820660,730
total liabilities3,825,1472,974,8842,906,2513,013,5053,518,5404,426,3105,197,2325,174,4714,121,2883,575,0213,195,8722,226,6292,801,3202,546,4942,949,554
net assets2,356,3642,599,6512,791,2832,615,3172,714,6852,770,3472,749,7402,516,5142,281,8701,853,5631,665,5841,601,155897,685791,832598,543
total shareholders funds2,356,3642,599,6512,791,2832,615,3172,714,6852,770,3472,749,7402,516,5142,281,8701,853,5631,665,5841,601,155897,685791,832598,543
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-169,104-103,282248,076-101,476100,709121,528351,820537,110742,590407,417211,199404,599220,792282,521146,681
Depreciation229,811176,747198,658206,312210,424219,386223,476229,953235,089199,162129,32593,894101,146112,886111,462
Amortisation2,46300000000000000
Tax50,241-43,835-49,40742,967-51,69568,98748,261-97,524-151,545-82,152-57,773-85,905-38,452-54,544-25,682
Stock-49,620257,982587,500-31,089-243,132-148,955265,800110,442-30,127133,73317,75288,139-99,16142,118613,325
Debtors560,128-1,137,889-524,709-419,381-689,855-416,33316,5791,281,419956,376-96,825192,44183,862541,934-280,3601,984,792
Creditors14,938-243,8454,563-444,463-636,242-498,12316,8391,014,312368,288-282,337418,426-224,593995,961-206,753760,114
Accruals and Deferred Income80,372-303,317-12,602208,065-73,921-76,87084,589104,095267,31248,822-101,31532,58525,18278,900253,853
Deferred Taxes & Provisions-50,24175,64217,600-9,33338,685-32,0548,533-8,57039,79782,15257,773806-6,72514,89970,422
Cash flow from operations-352,028438,017344,097352,542520,947368,142451,139387,515575,282336,156447,44249,385855,131466,151-1,281,267
Investing Activities
capital expenditure00000-63,665-105,875-122,070-289,459-639,927-930,181453,702-19,335-145,649-33,193
Change in Investments00-7000000000-5000120
cash flow from investments007000-63,665-105,875-122,070-289,459-639,927-930,181453,752-19,335-145,649-33,313
Financing Activities
Bank loans00000000-279,259109,67965,099104,4810-103,189103,189
Group/Directors Accounts00-39,862-52,811-23,17116,00819,8089,096-15,184-24,6938,36414,713-631,920-213,525933,177
Other Short Term Loans 552,092-14,694-4,546-108,042-36,438-36,654559,16200000000
Long term loans-41,597565,557-85,058-79,969-139,772-137,884-160,958-196,76162,261581,415102,244-106,540-100,710-159,479532,865
Hire Purchase and Lease Commitments294,699-10,71012,651-18,482-36,911-5,34526,030-19,538-24,15074,35012,300-29,524-39,732-18,82189,615
other long term liabilities000000000000000
share issue-13,533-13,533-13,53300-10,49700000000510,396
interest-110,891-30,982-10,961-15,859-23,624-28,411-28,981-34,698-40,972-32,29054,905-13,336-21,487-29,688-32,852
cash flow from financing680,770495,638-141,309-275,163-259,916-202,783415,061-241,901-297,304708,461242,912-30,206-793,849-524,7022,136,390
cash and cash equivalents
cash-21,192-11,7848,071-1,48620,877-29,30636,9403,849-6,045-5453,0794,424-283-30,50930,925
overdraft000000-531,242150,549127,202-210,239406,352-366,61912,770204,908206,319
change in cash-21,192-11,7848,071-1,48620,877-29,306568,182-146,700-133,247209,694-403,273371,043-13,053-235,417-175,394

hill brothers (chichester) 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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Hill Brothers (chichester) Limited Competitor Analysis

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Perform a competitor analysis for hill brothers (chichester) limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other mid companies, companies in PO20 area or any other competitors across 12 key performance metrics.

hill brothers (chichester) limited Ownership

HILL BROTHERS (CHICHESTER) LIMITED group structure

Hill Brothers (Chichester) Limited has no subsidiary companies.

Ultimate parent company

HILL BROTHERS (CHICHESTER) LIMITED

01180441

HILL BROTHERS (CHICHESTER) LIMITED Shareholders

kevin john hill 46.06%
peter geoffrey hill & beatrice hill 40.96%
guy hill 7.89%
gregory sebastian hill 5.1%

hill brothers (chichester) limited directors

Hill Brothers (Chichester) Limited currently has 3 directors. The longest serving directors include Mr Peter Hill (Aug 1991) and Mr Kevin Hill (Aug 1991).

officercountryagestartendrole
Mr Peter HillUnited Kingdom72 years Aug 1991- Director
Mr Kevin HillScotland76 years Aug 1991- Director
Mr Gregory HillUnited Kingdom47 years Sep 2012- Director

P&L

December 2023

turnover

11.3m

+4%

operating profit

-169.1k

+64%

gross margin

7.8%

-30.46%

turnover

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

Balance Sheet

December 2023

net assets

2.4m

-0.09%

total assets

6.2m

+0.11%

cash

7k

-0.75%

net assets

Total assets minus all liabilities

hill brothers (chichester) limited company details

company number

01180441

Type

Private limited with Share Capital

industry

01130 - Growing of vegetables and melons, roots and tubers

incorporation date

August 1974

age

50

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

TC GROUP

address

hill brothers (chichester) limit, lagness road, chichester, west sussex, PO20 1NL

Bank

HSBC BANK PLC

Legal Advisor

-

hill brothers (chichester) 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 hill brothers (chichester) limited. Currently there are 3 open charges and 4 have been satisfied in the past.

charges

hill brothers (chichester) limited Companies House Filings - See Documents

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