soles hill farm limited
soles hill farm limited Company Information
Company Number
01668970
Next Accounts
Jan 2025
Shareholders
gaskains ltd
mr charles edward william gaskain
Group Structure
View All
Industry
Post-harvest crop activities
Registered Address
norham farm, selling, faversham, kent, ME13 9RL
Website
https://www.gaskains.co.uksoles hill farm limited Estimated Valuation
Pomanda estimates the enterprise value of SOLES HILL FARM LIMITED at £1.1m based on a Turnover of £3.6m and 0.31x industry multiple (adjusted for size and gross margin).
soles hill farm limited Estimated Valuation
Pomanda estimates the enterprise value of SOLES HILL FARM LIMITED at £576.4k based on an EBITDA of £192.1k and a 3x industry multiple (adjusted for size and gross margin).
soles hill farm limited Estimated Valuation
Pomanda estimates the enterprise value of SOLES HILL FARM LIMITED at £193.8k based on Net Assets of £159.5k and 1.22x industry multiple (adjusted for liquidity).
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Soles Hill Farm Limited Overview
Soles Hill Farm Limited is a live company located in faversham, ME13 9RL with a Companies House number of 01668970. It operates in the post-harvest crop activities sector, SIC Code 01630. Founded in October 1982, it's largest shareholder is gaskains ltd with a 99% stake. Soles Hill Farm Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.6m with declining growth in recent years.
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Soles Hill Farm Limited Health Check
Pomanda's financial health check has awarded Soles Hill Farm Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £3.6m, make it smaller than the average company (£22.1m)
- Soles Hill Farm Limited
£22.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (1.8%)
- Soles Hill Farm Limited
1.8% - Industry AVG
Production
with a gross margin of 8.6%, this company has a comparable cost of product (8.6%)
- Soles Hill Farm Limited
8.6% - Industry AVG
Profitability
an operating margin of 5.1% make it more profitable than the average company (1.6%)
- Soles Hill Farm Limited
1.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (24)
3 - Soles Hill Farm Limited
24 - Industry AVG
Pay Structure
on an average salary of £34.2k, the company has an equivalent pay structure (£34.2k)
- Soles Hill Farm Limited
£34.2k - Industry AVG
Efficiency
resulting in sales per employee of £1.2m, this is more efficient (£349.4k)
- Soles Hill Farm Limited
£349.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Soles Hill Farm Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 67 days, this is slower than average (38 days)
- Soles Hill Farm Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Soles Hill Farm Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (4 weeks)
0 weeks - Soles Hill Farm Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.2%, this is a higher level of debt than the average (68.2%)
91.2% - Soles Hill Farm Limited
68.2% - Industry AVG
SOLES HILL FARM LIMITED financials
Soles Hill Farm Limited's latest turnover from April 2023 is estimated at £3.6 million and the company has net assets of £159.5 thousand. According to their latest financial statements, Soles Hill Farm Limited has 3 employees and maintains cash reserves of £1.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 329 | 986 | 1,643 | 2,301 | 2,958 | 3,943 | 4,601 | 0 | 0 | 0 |
| Intangible Assets | 908,000 | 916,000 | 924,000 | 932,000 | 940,000 | 948,000 | 956,000 | 964,000 | 972,000 | 984,000 | 992,000 | 1,000,000 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 908,000 | 916,000 | 924,000 | 932,000 | 940,329 | 948,986 | 957,643 | 966,301 | 974,958 | 987,943 | 996,601 | 1,000,000 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,374 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 423,968 | 152,502 | 30,100 | 100 | 100 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 900,901 | 932,828 | 908,267 | 776,818 | 1,729,106 | 633,075 | 465,293 | 326,667 | 211,933 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,871 | 2,099 | 2,905 | 12,904 | 10,604 | 11,378 | 31,858 | 32,443 | 29,614 | 6,236 | 5,778 | 1,045 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 902,772 | 934,927 | 911,172 | 789,722 | 1,739,710 | 644,453 | 497,151 | 359,110 | 241,547 | 430,204 | 173,654 | 31,145 | 100 | 100 |
| total assets | 1,810,772 | 1,850,927 | 1,835,172 | 1,721,722 | 2,680,039 | 1,593,439 | 1,454,794 | 1,325,411 | 1,216,505 | 1,418,147 | 1,170,255 | 1,031,145 | 100 | 100 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 195,875 | 195,875 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 609,683 | 790,360 | 687,740 | 574,869 | 1,337,216 | 312,882 | 176,365 | 19,256 | 14,387 | 825,305 | 420,681 | 145,500 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,041,583 | 1,039,229 | 1,140,986 | 1,026,120 | 1,135,763 | 1,167,917 | 1,120,073 | 802,828 | 543,880 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,651,266 | 1,829,589 | 1,828,726 | 1,600,989 | 2,472,979 | 1,480,799 | 1,296,438 | 1,017,959 | 754,142 | 825,305 | 420,681 | 145,500 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 359,104 | 0 | 65,292 | 261,167 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 163,229 | 0 | 652,917 | 748,208 | 642,333 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 163,229 | 359,104 | 652,917 | 813,500 | 903,500 | 0 | 0 |
| total liabilities | 1,651,266 | 1,829,589 | 1,828,726 | 1,600,989 | 2,472,979 | 1,480,799 | 1,296,438 | 1,181,188 | 1,113,246 | 1,478,222 | 1,234,181 | 1,049,000 | 0 | 0 |
| net assets | 159,506 | 21,338 | 6,446 | 120,733 | 207,060 | 112,640 | 158,356 | 144,223 | 103,259 | -60,075 | -63,926 | -17,855 | 100 | 100 |
| total shareholders funds | 159,506 | 21,338 | 6,446 | 120,733 | 207,060 | 112,640 | 158,356 | 144,223 | 103,259 | -60,075 | -63,926 | -17,855 | 100 | 100 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 0 | 0 | 0 | 329 | 657 | 657 | 658 | 657 | 985 | 657 | 657 | 0 | 0 | 0 |
| Amortisation | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 12,000 | 8,000 | 8,000 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15,374 | 15,374 | 0 | 0 | 0 |
| Debtors | -31,927 | 24,561 | 131,449 | -952,288 | 1,096,031 | 167,782 | 138,626 | 114,734 | 211,933 | 271,466 | 122,402 | 30,000 | 0 | 100 |
| Creditors | -180,677 | 102,620 | 112,871 | -762,347 | 1,024,334 | 136,517 | 157,109 | 4,869 | 14,387 | 404,624 | 275,181 | 145,500 | 0 | 0 |
| Accruals and Deferred Income | 2,354 | -101,757 | 114,866 | -109,643 | -32,154 | 47,844 | 317,245 | 258,948 | 543,880 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -195,875 | 0 | 195,875 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -359,104 | 359,104 | -65,292 | -195,875 | 261,167 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -163,229 | 163,229 | 0 | -95,291 | 105,875 | 642,333 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -228 | -806 | -9,999 | 2,300 | -774 | -20,480 | -585 | 2,829 | 29,614 | 458 | 4,733 | 1,045 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -228 | -806 | -9,999 | 2,300 | -774 | -20,480 | -585 | 2,829 | 29,614 | 458 | 4,733 | 1,045 | 0 | 0 |
soles hill farm limited Credit Report and Business Information
Soles Hill Farm Limited Competitor Analysis
Perform a competitor analysis for soles hill farm limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other small companies, companies in ME13 area or any other competitors across 12 key performance metrics.
soles hill farm limited Ownership
SOLES HILL FARM LIMITED group structure
Soles Hill Farm Limited has no subsidiary companies.
soles hill farm limited directors
Soles Hill Farm Limited currently has 2 directors. The longest serving directors include Mr Charles Gaskain (Dec 1991) and Mrs Diane Gaskain (Dec 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Charles Gaskain | 72 years | Dec 1991 | - | Director | |
| Mrs Diane Gaskain | England | 75 years | Dec 1991 | - | Director |
P&L
April 2023turnover
3.6m
-31%
operating profit
184.1k
0%
gross margin
8.7%
+8.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
159.5k
+6.48%
total assets
1.8m
-0.02%
cash
1.9k
-0.11%
net assets
Total assets minus all liabilities
Similar Companies
soles hill farm limited company details
company number
01668970
Type
Private limited with Share Capital
industry
01630 - Post-harvest crop activities
incorporation date
October 1982
age
43
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2023
previous names
chayhurst limited (March 1983)
accountant
CREASEY SON & WICKENDEN
auditor
-
address
norham farm, selling, faversham, kent, ME13 9RL
Bank
-
Legal Advisor
-
soles hill farm 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 1 charges/mortgages relating to soles hill farm limited. Currently there are 1 open charges and 0 have been satisfied in the past.
soles hill farm limited Capital Raised & Share Issues BETA
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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soles hill farm limited Companies House Filings - See Documents
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