White Horse Training Limited

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white horse training limited Company Information

Company Number

01381199

Next Accounts

Jun 2025

Directors

Adrian Wood

Andrew Coombes

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Shareholders

nicola bevan

andrew coombes

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Group Structure

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Industry

Technical and vocational secondary education

Registered Address

1 riverside court, lower bristol road, bath, BA2 3DZ

Website

www.whitehorsetraining.co.uk

white horse training limited Estimated Valuation

£827k

Pomanda estimates the enterprise value of WHITE HORSE TRAINING LIMITED at £827k based on Net Assets of £314.7k and 2.63x industry multiple (adjusted for liquidity).

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White Horse Training Limited is a live company located in bath, BA2 3DZ with a Companies House number of 01381199. It operates in the technical and vocational secondary education sector, SIC Code 85320. Founded in July 1978, it's largest shareholder is nicola bevan with a 57.1% stake. White Horse Training Limited is a mature, small sized company, Pomanda has estimated its turnover at £554.4k with high growth in recent years.

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Pomanda's financial health check has awarded White Horse Training Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

2 Weak

Size

annual sales of £554.4k, make it smaller than the average company (£728.1k)

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (5.3%)

EXPORT

White Horse Training Limited's latest turnover from September 2023 is £554.4 thousand and the company has net assets of £314.7 thousand. According to their latest financial statements, White Horse Training Limited has 7 employees and maintains cash reserves of £246.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	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	554,397	512,693	283,336	291,180	214,478	292,939	209,479	245,443	549,149	418,706	372,128	262,984	855,459	656,001
Other Income Or Grants
Cost Of Sales	236,119	220,624	128,051	136,394	100,002	133,262	95,307	123,778	300,138	211,387	193,466	139,392	441,450	324,094
Gross Profit	318,278	292,069	155,285	154,786	114,476	159,677	114,172	121,665	249,011	207,319	178,662	123,592	414,009	331,907
Admin Expenses	271,105	278,147	149,059	169,094	109,821	98,507	67,266	134,225	230,638	185,487	179,454	130,972	443,039	359,292	-295,913
Operating Profit	47,173	13,922	6,226	-14,308	4,655	61,170	46,906	-12,560	18,373	21,832	-792	-7,380	-29,030	-27,385	295,913
Interest Payable
Interest Receivable	625	17	231	242	1,849	1,480	397	398	914	629	798	720	1,085	1,351	630
Pre-Tax Profit	47,798	13,939	6,457	-14,066	6,504	62,651	47,304	-12,162	19,288	22,461	6	-6,660	-27,945	-26,034	296,543
Tax			-1,227		-1,236	-11,904	-8,988		-3,857	-160					-83,032
Profit After Tax	47,798	13,939	5,230	-14,066	5,268	50,747	38,316	-12,162	15,430	22,301	6	-6,660	-27,945	-26,034	213,511
Dividends Paid
Retained Profit	47,798	13,939	5,230	-14,066	5,268	50,747	38,316	-12,162	15,430	22,301	6	-6,660	-27,945	-26,034	213,511
Employee Costs	240,950	224,881	213,951	182,658	180,106	179,371	144,788	135,923	283,901	216,129	157,829	130,894	406,087	315,329
Number Of Employees	7	7	7	6	6	6	5	5	10	8	6	5	16	12
EBITDA*	56,300	21,848	12,861	-6,883	14,183	71,688	55,022	-5,402	25,486	28,378	5,922	1,925	-18,358	-13,876	313,197

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	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	32,878	10,735	9,449	10,503	15,468	17,205	20,820	23,537	18,721	9,997	15,158	20,488	25,338	24,081	32,066
Intangible Assets	4,350	5,533	2,100	3,661	5,328	5,975	2,119	2,826	2,520						5,225
Investments & Other
Debtors (Due After 1 year)	9,143	8,707	8,292	7,897	7,521	7,163	6,822	6,498	10,080
Total Fixed Assets	46,371	24,975	19,841	22,061	28,317	30,343	29,761	32,861	31,321	9,997	15,158	20,488	25,338	24,081	37,291
Stock & work in progress
Trade Debtors	21,444	34,736	12,138	16,307	6,970	20,170	13,343	15,745	48,869	14,330	10,697	17,169	81,680	41,052	54,751
Group Debtors
Misc Debtors	70,411	68,168	48,605	50,550	60,886	75,411	59,774	41,361		27,938	30,115
Cash	246,648	207,389	244,737	216,489	267,443	225,600	169,102	148,765	169,864	195,757	139,753	142,419	145,653	288,239	252,006
misc current assets												26,747
total current assets	338,503	310,293	305,480	283,346	335,299	321,181	242,219	205,871	218,733	238,025	180,565	186,335	227,333	329,291	306,757
total assets	384,874	335,268	325,321	305,407	363,616	351,524	271,980	238,732	250,054	248,022	195,723	206,823	252,671	353,372	344,048
Bank overdraft
Bank loan
Trade Creditors	24,481	11,775	9,272	11,463	7,530	25,486	8,579	33,227	59,424	12,291	15,320	53,930	90,368	163,124	127,598
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	40,986	48,366	52,086	35,211	82,523	57,923	46,617	27,037		60,531	27,504
total current liabilities	65,467	60,141	61,358	46,674	90,053	83,409	55,196	60,264	59,424	72,822	42,824	53,930	90,368	163,124	127,598
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	4,700				764	584							2,750	2,750	2,918
total long term liabilities	4,700				764	584							2,750	2,750	2,918
total liabilities	70,167	60,141	61,358	46,674	90,817	83,993	55,196	60,264	59,424	72,822	42,824	53,930	93,118	165,874	130,516
net assets	314,707	275,127	263,963	258,733	272,799	267,531	216,784	178,468	190,630	175,200	152,899	152,893	159,553	187,498	213,532
total shareholders funds	314,707	275,127	263,963	258,733	272,799	267,531	216,784	178,468	190,630	175,200	152,899	152,893	159,553	187,498	213,532

	Sep 2023	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	47,173	13,922	6,226	-14,308	4,655	61,170	46,906	-12,560	18,373	21,832	-792	-7,380	-29,030	-27,385	295,913
Depreciation	7,644	4,983	5,074	5,158	7,381	8,671	7,409	6,451	7,113	6,546	6,714	9,305	10,672	8,284	5,225
Amortisation	1,483	2,943	1,561	2,267	2,147	1,847	707	707						5,225	12,059
Tax			-1,227		-1,236	-11,904	-8,988		-3,857	-160					-83,032
Stock
Debtors	-10,613	42,576	-5,719	-623	-27,367	22,805	16,335	4,655	16,681	1,456	23,643	-64,511	40,628	-13,699	54,751
Creditors	12,706	2,503	-2,191	3,933	-17,956	16,907	-24,648	-26,197	47,133	-3,029	-38,610	-36,438	-72,756	35,526	127,598
Accruals and Deferred Income	-7,380	-3,720	16,875	-47,312	24,600	11,306	19,580	27,037	-60,531	33,027	27,504
Deferred Taxes & Provisions	4,700			-764	180	584						-2,750		-168	2,918
Cash flow from operations	76,939	-21,945	32,037	-50,403	47,138	65,776	24,631	-9,217	-8,450	56,760	-28,827	27,248	-131,742	35,181	305,930
Investing Activities
capital expenditure	-30,087	-12,645	-4,020	-793	-7,144	-10,759	-4,692	-12,280	-18,357	-1,385	-1,384	-4,455	-11,929	-299	-54,575
Change in Investments
cash flow from investments	-30,087	-12,645	-4,020	-793	-7,144	-10,759	-4,692	-12,280	-18,357	-1,385	-1,384	-4,455	-11,929	-299	-54,575
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue	-8,218	-2,775													21
interest	625	17	231	242	1,849	1,480	397	398	914	629	798	720	1,085	1,351	630
cash flow from financing	-7,593	-2,758	231	242	1,849	1,480	397	398	914	629	798	720	1,085	1,351	651
cash and cash equivalents
cash	39,259	-37,348	28,248	-50,954	41,843	56,498	20,337	-21,099	-25,893	56,004	-2,666	-3,234	-142,586	36,233	252,006
overdraft
change in cash	39,259	-37,348	28,248	-50,954	41,843	56,498	20,337	-21,099	-25,893	56,004	-2,666	-3,234	-142,586	36,233	252,006

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WHITE HORSE TRAINING LIMITED group structure

White Horse Training Limited has no subsidiary companies.

Ultimate parent company

WHITE HORSE TRAINING LIMITED

01381199

WHITE HORSE TRAINING LIMITED Shareholders

nicola bevan	57.14%
andrew coombes	4.76%
julian owens	4.76%
david iain black	4.76%
simon keith sheldon	4.76%
vincent edward cowling	4.76%
simon thomas dudfield	4.76%
ian sumbler	4.76%
scott john sartin	4.76%
william john abbot	4.76%

White Horse Training Limited currently has 10 directors. The longest serving directors include Mr Adrian Wood (May 1991) and Mr Andrew Coombes (Oct 2009).

officer	country	age	start	end	role
Mr Adrian Wood		65 years	May 1991	-	Director
Mr Andrew Coombes	United Kingdom	52 years	Oct 2009	-	Director
Mr Simon Sheldon	United Kingdom	59 years	Aug 2010	-	Director
Mr Ian Sumbler	England	58 years	May 2013	-	Director
Mr William Abbott	England	58 years	Oct 2014	-	Director
Mr Vincent Cowling	United Kingdom	59 years	May 2016	-	Director
Mr David Black	England	59 years	May 2016	-	Director
Mrs Marylee Wollaston	England	62 years	Mar 2021	-	Director
Mr Gavin Hollywell	England	40 years	Jul 2021	-	Director
Mrs Dione Hicks	England	48 years	Jul 2024	-	Director

P&L

September 2023

turnover

554.4k

+8%

operating profit

47.2k

+239%

gross margin

57.5%

+0.78%

turnover

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

Balance Sheet

September 2023

net assets

314.7k

+0.14%

total assets

384.9k

+0.15%

cash

246.6k

+0.19%

net assets

Total assets minus all liabilities

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company number

01381199

Type

Private limited with Share Capital

industry

85320 - Technical and vocational secondary education

incorporation date

July 1978

ultimate parent company

None

previous names

white horse accountancy tuition limited (January 2006)

address

1 riverside court, lower bristol road, bath, BA2 3DZ

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white horse training limited Company Information

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white horse training limited Estimated Valuation

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