cavendish (northern) limited
cavendish (northern) limited Company Information
Company Number
01673242
Website
www.cavendishnorthern.co.ukRegistered Address
beaumont house macklin avenue, cowpen lane industrial estate, billingham, cleveland, TS23 4HF
Industry
Machining
Telephone
01642560001
Next Accounts Due
December 2024
Group Structure
View All
Directors
Ian Brown33 Years
Shareholders
ian brown 100%
cavendish (northern) limited Estimated Valuation
Pomanda estimates the enterprise value of CAVENDISH (NORTHERN) LIMITED at £11.1m based on a Turnover of £18.7m and 0.59x industry multiple (adjusted for size and gross margin).
cavendish (northern) limited Estimated Valuation
Pomanda estimates the enterprise value of CAVENDISH (NORTHERN) LIMITED at £11.1m based on an EBITDA of £2.2m and a 5.06x industry multiple (adjusted for size and gross margin).
cavendish (northern) limited Estimated Valuation
Pomanda estimates the enterprise value of CAVENDISH (NORTHERN) LIMITED at £11m based on Net Assets of £6m and 1.84x industry multiple (adjusted for liquidity).
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Cavendish (northern) Limited Overview
Cavendish (northern) Limited is a live company located in billingham, TS23 4HF with a Companies House number of 01673242. It operates in the machining sector, SIC Code 25620. Founded in October 1982, it's largest shareholder is ian brown with a 100% stake. Cavendish (northern) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18.7m with high growth in recent years.
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Cavendish (northern) Limited Health Check
Pomanda's financial health check has awarded Cavendish (Northern) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £18.7m, make it larger than the average company (£8.8m)
£18.7m - Cavendish (northern) Limited
£8.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (1.1%)
19% - Cavendish (northern) Limited
1.1% - Industry AVG
Production
with a gross margin of 22%, this company has a higher cost of product (28%)
22% - Cavendish (northern) Limited
28% - Industry AVG
Profitability
an operating margin of 11.4% make it more profitable than the average company (6.5%)
11.4% - Cavendish (northern) Limited
6.5% - Industry AVG
Employees
with 152 employees, this is above the industry average (68)
152 - Cavendish (northern) Limited
68 - Industry AVG
Pay Structure
on an average salary of £58.6k, the company has a higher pay structure (£41.5k)
£58.6k - Cavendish (northern) Limited
£41.5k - Industry AVG
Efficiency
resulting in sales per employee of £123.3k, this is equally as efficient (£124.7k)
£123.3k - Cavendish (northern) Limited
£124.7k - Industry AVG
Debtor Days
it gets paid by customers after 129 days, this is later than average (67 days)
129 days - Cavendish (northern) Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (52 days)
58 days - Cavendish (northern) Limited
52 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (73 days)
1 days - Cavendish (northern) Limited
73 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is more cash available to meet short term requirements (10 weeks)
16 weeks - Cavendish (northern) Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.2%, this is a similar level of debt than the average (48.3%)
48.2% - Cavendish (northern) Limited
48.3% - Industry AVG
CAVENDISH (NORTHERN) LIMITED financials
Cavendish (Northern) Limited's latest turnover from March 2023 is £18.7 million and the company has net assets of £6 million. According to their latest financial statements, Cavendish (Northern) Limited has 152 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 18,741,006 | 23,009,095 | 13,662,819 | 11,088,961 | 5,909,760 | 7,331,932 | 8,621,214 | 2,736,152 | 7,912,490 | 8,794,966 | 8,274,046 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 14,619,481 | 19,216,898 | 11,327,125 | 9,288,849 | 4,454,665 | 5,651,995 | 6,366,418 | 1,992,793 | 6,474,681 | 7,329,241 | 6,467,680 | |||
| Gross Profit | 4,121,525 | 3,792,197 | 2,335,694 | 1,800,112 | 1,455,095 | 1,679,937 | 2,254,796 | 743,359 | 1,437,809 | 1,465,725 | 1,806,366 | |||
| Admin Expenses | 1,988,604 | 2,383,958 | 1,521,481 | 1,336,376 | 1,176,713 | 1,310,655 | 1,206,278 | 1,215,899 | 1,153,993 | 1,091,245 | 1,568,848 | |||
| Operating Profit | 2,132,921 | 1,408,239 | 814,213 | 463,736 | 278,382 | 369,282 | 1,048,518 | -472,540 | 283,816 | 374,480 | 237,518 | |||
| Interest Payable | 949 | 2,459 | 0 | 0 | 11,000 | 20,242 | 22,737 | 26,749 | 32,722 | 24,631 | 36,512 | |||
| Interest Receivable | 43,810 | 34,383 | 16,366 | 19,237 | 6,244 | 10,340 | 47 | 478 | 507 | 3,112 | 7,137 | |||
| Pre-Tax Profit | 2,175,782 | 1,440,163 | 830,579 | 482,973 | 273,626 | 359,380 | 1,025,828 | -498,811 | 251,601 | 352,961 | 208,143 | |||
| Tax | 128,225 | -273,537 | -157,220 | -91,993 | -112,130 | -2,068 | 0 | 132,383 | -71,162 | -108,475 | -44,429 | |||
| Profit After Tax | 2,304,007 | 1,166,626 | 673,359 | 390,980 | 161,496 | 357,312 | 1,025,828 | -366,428 | 180,439 | 244,486 | 163,714 | |||
| Dividends Paid | 600,000 | 200,000 | 200,000 | 200,000 | 500,000 | 0 | 0 | 0 | 100,000 | 130,000 | 125,000 | |||
| Retained Profit | 1,704,007 | 966,626 | 473,359 | 190,980 | -338,504 | 357,312 | 1,025,828 | -366,428 | 80,439 | 114,486 | 38,714 | |||
| Employee Costs | 8,911,959 | 16,987,926 | 8,781,946 | 6,642,200 | 3,883,429 | 4,861,843 | 5,921,817 | 1,869,696 | 4,803,060 | 5,982,181 | 5,184,539 | |||
| Number Of Employees | 152 | 280 | 143 | 127 | 89 | 101 | 75 | 89 | 111 | 120 | 61 | 98 | 131 | 81 |
| EBITDA* | 2,192,122 | 1,540,190 | 856,897 | 502,001 | 354,454 | 466,622 | 1,150,203 | -376,155 | 398,615 | 486,712 | 372,004 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 182,613 | 236,285 | 336,458 | 386,445 | 427,757 | 417,172 | 468,564 | 499,325 | 584,318 | 705,670 | 794,151 | 802,064 | 931,046 | 842,027 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 182,613 | 236,285 | 336,458 | 386,445 | 427,757 | 417,172 | 468,564 | 499,325 | 584,318 | 705,670 | 794,151 | 802,064 | 931,046 | 842,027 |
| Stock & work in progress | 69,904 | 39,450 | 26,106 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 45,000 | 70,000 | 153,615 |
| Trade Debtors | 6,640,698 | 2,003,531 | 3,375,420 | 1,888,241 | 3,655,599 | 3,794,127 | 3,079,490 | 1,337,456 | 1,969,398 | 1,572,865 | 2,100,506 | 3,449,853 | 3,097,166 | 1,173,707 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,968,216 | 1,668,923 | 888,549 | 896,430 | 0 | 0 | 0 | 357,241 | 489,596 | 317,676 | 324,676 | 39,433 | 121,972 | 129,943 |
| Cash | 1,721,464 | 3,693,233 | 3,034,045 | 1,369,945 | 407,798 | 319,839 | 327,843 | 729,719 | 622,317 | 1,291,950 | 394,978 | 801,907 | 0 | 33,291 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,400,282 | 7,405,137 | 7,324,120 | 4,179,616 | 4,088,397 | 4,138,966 | 3,432,333 | 2,449,416 | 3,106,311 | 3,207,491 | 2,845,160 | 4,336,193 | 3,289,138 | 1,490,556 |
| total assets | 11,582,895 | 7,641,422 | 7,660,578 | 4,566,061 | 4,516,154 | 4,556,138 | 3,900,897 | 2,948,741 | 3,690,629 | 3,913,161 | 3,639,311 | 5,138,257 | 4,220,184 | 2,332,583 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 302,078 | 244,478 |
| Bank loan | 10,000 | 7,500 | 7,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,355,119 | 641,101 | 1,019,538 | 461,056 | 1,786,337 | 1,834,603 | 1,545,405 | 436,400 | 289,257 | 190,394 | 149,842 | 916,590 | 929,559 | 263,742 |
| 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 | 2,428 | 42,618 | 85,423 | 85,423 | 124,423 | 113,368 | 75,321 |
| other current liabilities | 3,162,160 | 2,649,306 | 3,238,596 | 1,189,525 | 0 | 0 | 0 | 526,681 | 1,110,455 | 1,714,026 | 2,426,034 | 2,584,273 | 1,369,794 | 391,339 |
| total current liabilities | 5,527,279 | 3,297,907 | 4,265,634 | 1,650,581 | 1,786,337 | 1,834,603 | 1,545,405 | 965,509 | 1,442,330 | 1,989,843 | 2,661,299 | 3,625,286 | 2,714,799 | 974,880 |
| loans | 22,500 | 35,000 | 42,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,747 | 12,175 | 0 | 125,028 | 161,176 | 210,658 | 231,284 |
| 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 | 0 | 0 | 44,506 | 0 | 0 | 0 | 0 |
| provisions | 38,344 | 17,750 | 28,305 | 64,700 | 70,017 | 65,935 | 73,208 | 75,865 | 0 | 0 | 0 | 132,383 | 155,754 | 101,932 |
| total long term liabilities | 60,844 | 52,750 | 70,805 | 64,700 | 70,017 | 65,935 | 73,208 | 85,612 | 12,175 | 44,506 | 125,028 | 293,559 | 366,412 | 333,216 |
| total liabilities | 5,588,123 | 3,350,657 | 4,336,439 | 1,715,281 | 1,856,354 | 1,900,538 | 1,618,613 | 1,051,121 | 1,454,505 | 2,034,349 | 2,786,327 | 3,918,845 | 3,081,211 | 1,308,096 |
| net assets | 5,994,772 | 4,290,765 | 3,324,139 | 2,850,780 | 2,659,800 | 2,655,600 | 2,282,284 | 1,897,620 | 2,236,124 | 1,878,812 | 852,984 | 1,219,412 | 1,138,973 | 1,024,487 |
| total shareholders funds | 5,994,772 | 4,290,765 | 3,324,139 | 2,850,780 | 2,659,800 | 2,655,600 | 2,282,284 | 1,897,620 | 2,236,124 | 1,878,812 | 852,984 | 1,219,412 | 1,138,973 | 1,024,487 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 2,132,921 | 1,408,239 | 814,213 | 463,736 | 278,382 | 369,282 | 1,048,518 | -472,540 | 283,816 | 374,480 | 237,518 | |||
| Depreciation | 59,201 | 131,951 | 42,684 | 38,265 | 43,700 | 51,392 | 48,172 | 76,072 | 97,340 | 101,685 | 96,385 | 114,799 | 112,232 | 134,486 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 128,225 | -273,537 | -157,220 | -91,993 | -112,130 | -2,068 | 0 | 132,383 | -71,162 | -108,475 | -44,429 | |||
| Stock | 30,454 | 13,344 | 1,106 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20,000 | -25,000 | -83,615 | 153,615 |
| Debtors | 5,936,460 | -591,515 | 1,479,298 | -870,928 | -138,528 | 714,637 | 1,384,793 | -764,297 | 568,453 | -534,641 | -1,064,104 | 270,148 | 1,915,488 | 1,303,650 |
| Creditors | 1,714,018 | -378,437 | 558,482 | -1,325,281 | -48,266 | 289,198 | 1,109,005 | 147,143 | 98,863 | 40,552 | -766,748 | -12,969 | 665,817 | 263,742 |
| Accruals and Deferred Income | 512,854 | -589,290 | 2,049,071 | 1,189,525 | 0 | 0 | -526,681 | -583,774 | -603,571 | -712,008 | -158,239 | 1,214,479 | 978,455 | 391,339 |
| Deferred Taxes & Provisions | 20,594 | -10,555 | -36,395 | -5,317 | 4,082 | -7,273 | -2,657 | 75,865 | 0 | 0 | -132,383 | -23,371 | 53,822 | 101,932 |
| Cash flow from operations | -1,399,101 | 866,542 | 1,790,431 | 1,139,863 | 645,855 | -608,607 | 1,013,388 | -217,038 | 1,260,444 | 244,458 | -372,677 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 20,000 | 24,012 | -13,204 | -88,472 | 14,183 | -70,456 | -128,759 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 20,000 | 24,012 | -13,204 | -88,472 | 14,183 | -70,456 | -128,759 | |||
| Financing Activities | ||||||||||||||
| Bank loans | 2,500 | 0 | 7,500 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | -12,500 | -7,500 | 42,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | -12,175 | -42,618 | -30,630 | -125,028 | -75,148 | -38,427 | 17,421 | 306,605 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -44,506 | 44,506 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 42,861 | 31,924 | 16,366 | 19,237 | -4,756 | -9,902 | -22,690 | -26,271 | -32,215 | -21,519 | -29,375 | |||
| cash flow from financing | 32,861 | 24,424 | 66,366 | 19,237 | -47,374 | -85,038 | -103,212 | -101,419 | -70,642 | -4,098 | 1,263,003 | |||
| cash and cash equivalents | ||||||||||||||
| cash | -1,971,769 | 659,188 | 1,664,100 | 962,147 | 87,959 | -8,004 | -401,876 | 107,402 | -669,633 | 896,972 | -406,929 | 801,907 | -33,291 | 33,291 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -302,078 | 57,600 | 244,478 |
| change in cash | -1,971,769 | 659,188 | 1,664,100 | 962,147 | 87,959 | -8,004 | -401,876 | 107,402 | -669,633 | 896,972 | -406,929 | 1,103,985 | -90,891 | -211,187 |
cavendish (northern) limited Credit Report and Business Information
Cavendish (northern) Limited Competitor Analysis
Perform a competitor analysis for cavendish (northern) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cavendish (northern) limited Ownership
CAVENDISH (NORTHERN) LIMITED group structure
Cavendish (Northern) Limited has no subsidiary companies.
Ultimate parent company
CAVENDISH (NORTHERN) LIMITED
01673242
cavendish (northern) limited directors
Cavendish (Northern) Limited currently has 1 director, Mr Ian Brown serving since May 1991.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Brown | 68 years | May 1991 | - | Director |
P&L
March 2023turnover
18.7m
-19%
operating profit
2.1m
+51%
gross margin
22%
+33.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
6m
+0.4%
total assets
11.6m
+0.52%
cash
1.7m
-0.53%
net assets
Total assets minus all liabilities
cavendish (northern) limited company details
company number
01673242
Type
Private limited with Share Capital
industry
25620 - Machining
incorporation date
October 1982
age
42
accounts
Full Accounts
ultimate parent company
previous names
hobson brown (n.w.) limited (July 1983)
unitleft limited (December 1982)
incorporated
UK
address
beaumont house macklin avenue, cowpen lane industrial estate, billingham, cleveland, TS23 4HF
last accounts submitted
March 2023
cavendish (northern) 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 cavendish (northern) limited. Currently there are 0 open charges and 7 have been satisfied in the past.
cavendish (northern) limited Companies House Filings - See Documents
| date | description | view/download |
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