henderson high income trust plc

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henderson high income trust plc Company Information

Share HENDERSON HIGH INCOME TRUST PLC

Company Number

02422514

Directors

Zoe King

Jeremy Rigg

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Shareholders

undisclosed

hsdl nominees ltd

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Group Structure

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Industry

Activities of investment trusts

 

Registered Address

201 bishopsgate, london, EC2M 3AE

henderson high income trust plc Estimated Valuation

£26.2m

Pomanda estimates the enterprise value of HENDERSON HIGH INCOME TRUST PLC at £26.2m based on a Turnover of £15.4m and 1.7x industry multiple (adjusted for size and gross margin).

henderson high income trust plc Estimated Valuation

£157.4m

Pomanda estimates the enterprise value of HENDERSON HIGH INCOME TRUST PLC at £157.4m based on an EBITDA of £23.4m and a 6.71x industry multiple (adjusted for size and gross margin).

henderson high income trust plc Estimated Valuation

£264.1m

Pomanda estimates the enterprise value of HENDERSON HIGH INCOME TRUST PLC at £264.1m based on Net Assets of £222.3m and 1.19x industry multiple (adjusted for liquidity).

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Henderson High Income Trust Plc Overview

Henderson High Income Trust Plc is a live company located in london, EC2M 3AE with a Companies House number of 02422514. It operates in the activities of investment trusts sector, SIC Code 64301. Founded in September 1989, it's largest shareholder is undisclosed with a 90% stake. Henderson High Income Trust Plc is a mature, mid sized company, Pomanda has estimated its turnover at £15.4m with healthy growth in recent years.

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Henderson High Income Trust Plc Health Check

Pomanda's financial health check has awarded Henderson High Income Trust Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £15.4m, make it larger than the average company (£5.8m)

£15.4m - Henderson High Income Trust Plc

£5.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (7.8%)

7% - Henderson High Income Trust Plc

7.8% - Industry AVG

production

Production

with a gross margin of 63.4%, this company has a comparable cost of product (63.4%)

63.4% - Henderson High Income Trust Plc

63.4% - Industry AVG

profitability

Profitability

an operating margin of 152.3% make it more profitable than the average company (27.8%)

152.3% - Henderson High Income Trust Plc

27.8% - Industry AVG

employees

Employees

with 78 employees, this is above the industry average (6)

78 - Henderson High Income Trust Plc

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.8k, the company has an equivalent pay structure (£50.8k)

£50.8k - Henderson High Income Trust Plc

£50.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £197.4k, this is equally as efficient (£199.6k)

£197.4k - Henderson High Income Trust Plc

£199.6k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Henderson High Income Trust Plc

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Henderson High Income Trust Plc

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Henderson High Income Trust Plc

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (80 weeks)

3 weeks - Henderson High Income Trust Plc

80 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 18.9%, this is a higher level of debt than the average (6.7%)

18.9% - Henderson High Income Trust Plc

6.7% - Industry AVG

HENDERSON HIGH INCOME TRUST PLC financials

EXPORTms excel logo

Henderson High Income Trust Plc's latest turnover from December 2023 is £15.4 million and the company has net assets of £222.3 million. According to their latest financial statements, we estimate that Henderson High Income Trust Plc has 78 employees and maintains cash reserves of £2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Jun 2014Dec 2013Dec 2012Dec 2011Dec 2010Nov 2010Dec 2009Nov 2009
Turnover15,397,00014,939,00013,568,00012,628,00015,041,00014,329,00031,303,00012,363,00012,094,00010,884,00010,093,00010,080,0008,736,0008,704,0007,415,0006,762,0007,727,000
Other Income Or Grants
Cost Of Sales5,635,4664,595,6664,781,2925,415,7367,197,5008,154,05116,721,6717,897,1396,907,6056,182,2495,686,9327,134,1066,168,8896,815,2844,383,6683,997,622
Gross Profit9,761,53410,343,3348,786,7087,212,2647,843,5006,174,94914,581,3294,465,8615,186,3954,701,7514,406,0682,945,8942,567,1111,888,7163,031,3322,764,378
Admin Expenses-13,685,302-11,164,956-8,930,042-8,478,665-11,597,454-13,029,343-23,785,348-11,644,370-10,733,233-10,421,251-9,674,112-11,049,438-9,448,725-10,254,311-6,822,554-6,313,547-8,920,249-871,000
Operating Profit23,446,83621,508,29017,716,75015,690,92919,440,95419,204,29238,366,67716,110,23115,919,62815,123,00214,080,18013,995,33212,015,83612,143,0279,853,8869,077,9258,920,249871,000
Interest Payable646,000380,000295,000307,000385,000338,0001,147,000279,000206,000150,000137,000137,000145,000851,000677,00087,000325,000
Interest Receivable6,00035,00012,00057,00027,000126,00013,00013,00048,000372,0002,263
Pre-Tax Profit13,730,00013,504,00012,249,00011,266,00013,682,00013,007,00028,441,00011,225,00011,034,0009,994,0009,322,0009,322,0007,996,0007,891,0006,706,0006,111,0007,157,00016,674,000
Tax-247,000-81,000-104,000-231,000-63,000-71,000-79,000-159,000-97,000-177,000-207,000-207,000-233,000-310,000-317,000-281,000-732,000-13,000
Profit After Tax13,483,00013,423,00012,145,00011,035,00013,619,00012,936,00028,362,00011,066,00010,937,0009,817,0009,115,0009,115,0007,763,0007,581,0006,389,0005,830,0006,425,00016,661,000
Dividends Paid13,355,00013,039,00012,732,00012,718,00012,511,00012,280,00010,863,00010,131,0009,640,0009,009,0008,261,0008,261,0007,751,0007,409,0007,120,0007,120,0007,094,0007,094,000
Retained Profit128,000384,000-587,000-1,683,0001,108,000656,00017,499,000935,0001,297,000808,000854,000854,00012,000172,000-731,000-1,290,000-669,0009,567,000
Employee Costs3,963,5353,010,8004,201,1973,264,2483,264,2483,131,6463,802,8331,189,340848,238777,888647,556810,6671,512,000850,000642,672575,771
Number Of Employees78606658584294373427273254342826
EBITDA*23,446,83621,508,29017,716,75015,690,92919,440,95419,204,29238,366,67716,110,23115,919,62815,123,00214,080,18013,995,33212,015,83612,143,0279,853,8869,077,9258,920,249871,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Jun 2014Dec 2013Dec 2012Dec 2011Dec 2010Nov 2010Dec 2009Nov 2009
Tangible Assets267,966,000116,471,000
Intangible Assets
Investments & Other270,007,000260,053,000289,091,000259,844,000305,064,000311,295,000252,990,000241,912,000231,802,000215,334,000215,334,000157,097,000136,388,000138,636,000133,321,000122,881,000
Debtors (Due After 1 year)
Total Fixed Assets270,007,000260,053,000289,091,000259,844,000305,064,000267,966,000311,295,000252,990,000241,912,000231,802,000215,334,000215,334,000157,097,000136,388,000138,636,000133,321,000122,881,000116,471,000
Stock & work in progress
Trade Debtors1,028,0001,509,000
Group Debtors
Misc Debtors2,092,0001,928,0001,934,0001,897,0002,069,0001,767,0001,680,0001,340,0001,349,0001,362,0001,476,0001,476,0001,384,0001,703,0001,581,0001,386,000
Cash1,990,0002,873,0003,942,000595,0002,701,0002,581,0001,245,0001,742,0001,223,0001,860,000184,000184,0003,250,000682,0003,227,000781,0001,345,000905,000
misc current assets
total current assets4,082,0004,801,0005,876,0002,492,0004,770,0004,348,0002,925,0003,082,0002,572,0003,222,0001,660,0001,660,0004,634,0002,385,0004,808,0003,195,0002,854,0002,579,000
total assets274,089,000264,854,000294,967,000262,336,000309,834,000272,314,000314,220,000256,072,000244,484,000235,024,000216,994,000216,994,000161,731,000138,773,000143,444,000136,516,000125,735,000119,050,000
Bank overdraft29,873,00037,967,00040,468,00035,964,00027,781,00025,419,00043,999,00039,125,00039,125,00027,529,00028,200,00030,514,000
Bank loan30,639,00029,141,00037,593,00030,339,000
Trade Creditors 24,972,000
Group/Directors Accounts
other short term finances21,512,000
hp & lease commitments
other current liabilities1,241,0001,578,0001,291,0001,253,000950,0001,237,0001,200,000762,0002,158,0002,038,0002,521,0002,521,0001,438,0001,703,000218,000307,000
total current liabilities31,880,00030,719,00038,884,00031,126,00038,917,00041,705,00037,164,00028,543,00027,577,00046,037,00041,646,00041,646,00028,967,00029,903,00030,732,00030,646,00024,972,00021,719,000
loans19,867,00019,858,00019,849,00019,813,00019,806,000
hp & lease commitments
Accruals and Deferred Income
other liabilities19,839,00019,829,00019,821,00019,796,000
provisions
total long term liabilities19,867,00019,858,00019,849,00019,839,00019,829,00019,821,00019,813,00019,806,00019,796,000
total liabilities51,747,00050,577,00058,733,00050,965,00058,746,00061,526,00056,977,00048,349,00047,373,00046,037,00041,646,00041,646,00028,967,00029,903,00030,732,00030,646,00024,972,00021,719,000
net assets222,342,000214,277,000236,234,000211,371,000251,088,000210,788,000257,243,000207,723,000197,111,000188,987,000175,348,000175,348,000132,764,000108,870,000112,712,000105,870,000100,763,00097,331,000
total shareholders funds222,342,000214,277,000236,234,000211,371,000251,088,000210,788,000257,243,000207,723,000197,111,000188,987,000175,348,000175,348,000132,764,000108,870,000112,712,000105,870,000100,763,00097,331,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Jun 2014Dec 2013Dec 2012Dec 2011Dec 2010Nov 2010Dec 2009Nov 2009
Operating Activities
Operating Profit23,446,83621,508,29017,716,75015,690,92919,440,95419,204,29238,366,67716,110,23115,919,62815,123,00214,080,18013,995,33212,015,83612,143,0279,853,8869,077,9258,920,249871,000
Depreciation
Amortisation
Tax-247,000-81,000-104,000-231,000-63,000-71,000-79,000-159,000-97,000-177,000-207,000-207,000-233,000-310,000-317,000-281,000-732,000-13,000
Stock
Debtors164,000-6,00037,000-172,000302,00087,000340,000-9,000-13,000-114,00092,000-319,000122,00072,000905,0001,509,000
Creditors-24,972,000-24,972,00024,972,000
Accruals and Deferred Income-337,000287,00038,000303,000-287,00037,000438,000-1,396,000120,000-483,0001,083,000-265,0001,485,000218,000307,000
Deferred Taxes & Provisions
Cash flow from operations22,698,83621,720,29017,613,75015,934,92918,788,95419,083,29238,385,67714,564,23115,955,62814,577,00213,873,18014,779,33211,836,83613,196,027-15,289,114-16,773,07531,651,249858,000
Investing Activities
capital expenditure-1,551,000-25,024,000-297,000-116,471,000
Change in Investments9,954,000-29,038,00029,247,000-45,220,000305,064,000-311,295,00058,305,00011,078,00010,110,00016,468,00058,237,00020,709,000-2,248,00015,755,00010,440,000122,881,000
cash flow from investments-9,954,00029,038,000-29,247,00045,220,000-305,064,000309,744,000-83,329,000-11,375,000-10,110,000-16,468,000-58,237,000-20,709,0002,248,000-15,755,000-10,440,000-122,881,000-116,471,000
Financing Activities
Bank loans1,498,000-8,452,00037,593,00030,339,000
Group/Directors Accounts
Other Short Term Loans 21,512,000
Long term loans9,0009,00019,849,000-19,813,0007,00019,806,000
Hire Purchase and Lease Commitments
other long term liabilities-19,839,00010,0008,00019,821,000-19,796,00019,796,000
share issue7,937,000-22,341,00025,450,000-38,034,00039,192,000-47,111,00032,021,0009,677,0006,827,00012,831,000-854,00041,730,00023,882,000-4,014,00012,680,0006,397,000101,432,00087,764,000
interest-646,000-380,000-295,000-307,000-379,000-303,000-1,135,000-222,000-179,000-24,000-124,000-124,000-145,000-851,000-629,000285,000-322,737
cash flow from financing8,798,000-31,164,00062,758,000-38,331,00038,821,000-47,406,00030,893,0009,465,00026,444,00012,807,000-978,00041,606,00023,737,000-4,865,00012,051,00036,736,000101,717,000108,953,263
cash and cash equivalents
cash-883,000-1,069,0003,347,000-2,106,000120,0001,336,000-497,000519,000-637,0001,676,000-3,066,0002,568,000-2,545,0001,882,000-564,0001,345,000905,000
overdraft-29,873,000-8,094,000-2,501,0004,504,0008,183,0002,362,000-18,580,0004,874,00011,596,000-671,000-2,314,00030,514,000
change in cash-883,000-1,069,00033,220,0005,988,0002,621,000-3,168,000-8,680,000-1,843,00017,943,000-3,198,000-14,662,0003,239,000-231,000-28,632,000-564,0001,345,000905,000

henderson high income trust plc Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Henderson High Income Trust Plc Competitor Analysis

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Perform a competitor analysis for henderson high income trust plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC2M area or any other competitors across 12 key performance metrics.

henderson high income trust plc Ownership

HENDERSON HIGH INCOME TRUST PLC group structure

Henderson High Income Trust Plc has no subsidiary companies.

Ultimate parent company

HENDERSON HIGH INCOME TRUST PLC

02422514

HENDERSON HIGH INCOME TRUST PLC Shareholders

undisclosed 90.03%
hsdl nominees ltd 5.21%
cheviot capital (nominees) ltd 4.76%

henderson high income trust plc directors

Henderson High Income Trust Plc currently has 7 directors. The longest serving directors include Mrs Zoe King (Apr 2016) and Mr Jeremy Rigg (Apr 2018).

officercountryagestartendrole
Mrs Zoe King51 years Apr 2016- Director
Mr Jeremy Rigg58 years Apr 2018- Director
Mr Jonathan Silver67 years Jan 2019- Director
Mr Richard CranfieldEngland69 years Mar 2020- Director
Ms Penny LovellEngland57 years Jan 2021- Director
Ms Francesca Ecsery61 years Dec 2022- Director
Mrs Preeti Rathi38 years Dec 2024- Director

P&L

December 2023

turnover

15.4m

+3%

operating profit

23.4m

0%

gross margin

63.4%

-8.43%

turnover

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

Balance Sheet

December 2023

net assets

222.3m

+0.04%

total assets

274.1m

+0.03%

cash

2m

-0.31%

net assets

Total assets minus all liabilities

henderson high income trust plc company details

company number

02422514

Type

Public limited with Share Capital

industry

64301 - Activities of investment trusts

incorporation date

September 1989

age

36

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

December 2023

previous names

tr high income trust plc (March 1997)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

201 bishopsgate, london, EC2M 3AE

Bank

-

Legal Advisor

-

henderson high income trust plc 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 did not find charges/mortgages relating to henderson high income trust plc.

henderson high income trust plc 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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henderson high income trust plc Companies House Filings - See Documents

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