connect catering limited
connect catering limited Company Information
Company Number
02441760
Website
www.connectcatering.co.ukRegistered Address
4-5 hithercroft court, lupton road, wallingford, oxfordshire, OX10 9BT
Industry
Other food service activities
Telephone
01491826000
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
john rowland herring 26%
elizabeth jane herring 26%
View Allconnect catering limited Estimated Valuation
Pomanda estimates the enterprise value of CONNECT CATERING LIMITED at £8m based on a Turnover of £15.6m and 0.51x industry multiple (adjusted for size and gross margin).
connect catering limited Estimated Valuation
Pomanda estimates the enterprise value of CONNECT CATERING LIMITED at £1.7m based on an EBITDA of £340.3k and a 4.89x industry multiple (adjusted for size and gross margin).
connect catering limited Estimated Valuation
Pomanda estimates the enterprise value of CONNECT CATERING LIMITED at £2m based on Net Assets of £762.6k and 2.63x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Connect Catering Limited Overview
Connect Catering Limited is a live company located in wallingford, OX10 9BT with a Companies House number of 02441760. It operates in the other food services sector, SIC Code 56290. Founded in November 1989, it's largest shareholder is john rowland herring with a 26% stake. Connect Catering Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.6m with healthy growth in recent years.
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Connect Catering Limited Health Check
Pomanda's financial health check has awarded Connect Catering Limited a 2 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
3 Strong
2 Regular
7 Weak
Size
annual sales of £15.6m, make it larger than the average company (£1.6m)
£15.6m - Connect Catering Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.4%)
4% - Connect Catering Limited
6.4% - Industry AVG
Production
with a gross margin of 16.8%, this company has a higher cost of product (25.4%)
16.8% - Connect Catering Limited
25.4% - Industry AVG
Profitability
an operating margin of 1.2% make it less profitable than the average company (2.9%)
1.2% - Connect Catering Limited
2.9% - Industry AVG
Employees
with 334 employees, this is above the industry average (22)
334 - Connect Catering Limited
22 - Industry AVG
Pay Structure
on an average salary of £23.9k, the company has an equivalent pay structure (£23.4k)
£23.9k - Connect Catering Limited
£23.4k - Industry AVG
Efficiency
resulting in sales per employee of £46.8k, this is less efficient (£68.7k)
£46.8k - Connect Catering Limited
£68.7k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is later than average (29 days)
44 days - Connect Catering Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (33 days)
28 days - Connect Catering Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (12 days)
0 days - Connect Catering Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (22 weeks)
15 weeks - Connect Catering Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76.7%, this is a similar level of debt than the average (70.7%)
76.7% - Connect Catering Limited
70.7% - Industry AVG
CONNECT CATERING LIMITED financials
Connect Catering Limited's latest turnover from June 2023 is £15.6 million and the company has net assets of £762.6 thousand. According to their latest financial statements, Connect Catering Limited has 334 employees and maintains cash reserves of £749.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 15,638,130 | 14,021,254 | 9,546,721 | 13,718,424 | 15,642,618 | 15,576,499 | 15,329,245 | 14,157,424 | 12,653,848 | 11,910,969 | 10,931,080 | 10,292,399 | 8,989,927 | 8,255,043 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 13,006,976 | 11,948,693 | 9,070,730 | 12,424,623 | 13,496,113 | 13,472,920 | 13,267,782 | 12,224,978 | 10,878,044 | 10,212,496 | 9,378,296 | |||
| Gross Profit | 2,631,154 | 2,072,561 | 475,991 | 1,293,801 | 2,146,505 | 2,103,579 | 2,061,463 | 1,932,446 | 1,775,804 | 1,698,473 | 1,552,784 | |||
| Admin Expenses | 2,441,830 | 1,903,714 | 522,398 | 1,159,883 | 1,895,756 | 1,916,411 | 1,913,622 | 1,816,790 | 1,673,635 | 1,597,898 | 1,486,942 | |||
| Operating Profit | 189,324 | 168,847 | -46,407 | 133,918 | 250,749 | 187,168 | 147,841 | 115,656 | 102,169 | 100,575 | 65,842 | 86,770 | 70,904 | 53,919 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 13,900 | 317 | 408 | 3,228 | 5,463 | 1,246 | 1,978 | 1,581 | 1,895 | 2,495 | 2,808 | 2,949 | 818 | 264 |
| Pre-Tax Profit | 203,224 | 169,164 | -45,999 | 137,146 | 256,212 | 188,414 | 149,819 | 117,237 | 104,064 | 103,070 | 68,650 | 89,719 | 71,722 | 54,183 |
| Tax | -51,904 | -44,435 | -3,214 | -26,539 | -37,411 | -42,881 | -30,643 | -38,714 | -29,148 | -30,446 | -20,409 | -20,767 | -12,778 | -14,239 |
| Profit After Tax | 151,320 | 124,729 | -49,213 | 110,607 | 218,801 | 145,533 | 119,176 | 78,523 | 74,916 | 72,624 | 48,241 | 68,952 | 58,944 | 39,944 |
| Dividends Paid | 0 | 0 | 30,000 | 90,000 | 150,000 | 130,000 | 80,000 | 30,000 | 30,000 | 0 | 70,000 | 40,000 | 20,000 | 140,000 |
| Retained Profit | 151,320 | 124,729 | -79,213 | 20,607 | 68,801 | 15,533 | 39,176 | 48,523 | 44,916 | 72,624 | -21,759 | 28,952 | 38,944 | -100,056 |
| Employee Costs | 7,994,377 | 7,865,099 | 6,962,821 | 8,378,860 | 8,497,579 | 8,712,569 | 8,073,674 | 7,706,312 | 6,685,873 | 6,135,069 | 5,688,491 | 5,611,162 | 4,948,496 | 4,437,675 |
| Number Of Employees | 334 | 400 | 327 | 408 | 434 | 469 | 475 | 492 | 404 | 384 | 358 | 346 | 324 | 276 |
| EBITDA* | 340,265 | 310,907 | 34,912 | 214,233 | 337,263 | 295,891 | 258,947 | 284,981 | 292,277 | 241,419 | 154,189 | 144,149 | 123,302 | 113,302 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 262,866 | 374,158 | 233,153 | 183,175 | 159,399 | 200,295 | 201,743 | 238,048 | 277,639 | 252,949 | 132,508 | 166,060 | 74,151 | 81,139 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,417 | 69,417 | 118,417 | 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 | 262,866 | 374,158 | 233,153 | 183,175 | 159,399 | 200,295 | 201,743 | 238,048 | 298,056 | 322,366 | 250,925 | 166,060 | 74,151 | 81,139 |
| Stock & work in progress | 1,101 | 1,952 | 2,512 | 8,064 | 7,144 | 8,787 | 5,128 | 3,987 | 4,565 | 7,541 | 8,577 | 5,635 | 3,709 | 13,900 |
| Trade Debtors | 1,885,904 | 2,192,971 | 950,201 | 817,331 | 1,184,894 | 1,117,332 | 1,040,490 | 1,157,528 | 1,131,235 | 963,234 | 833,424 | 802,405 | 758,954 | 644,276 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 372,881 | 327,975 | 86,884 | 369,398 | 251,055 | 207,849 | 174,918 | 146,461 | 140,834 | 90,018 | 72,063 | 111,083 | 76,284 | 83,341 |
| Cash | 749,059 | 575,616 | 792,382 | 931,346 | 1,194,700 | 1,097,568 | 1,094,938 | 707,031 | 465,195 | 530,063 | 555,131 | 534,453 | 461,746 | 442,520 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,008,945 | 3,098,514 | 1,831,979 | 2,126,139 | 2,637,793 | 2,431,536 | 2,315,474 | 2,015,007 | 1,741,829 | 1,590,856 | 1,469,195 | 1,453,576 | 1,300,693 | 1,184,037 |
| total assets | 3,271,811 | 3,472,672 | 2,065,132 | 2,309,314 | 2,797,192 | 2,631,831 | 2,517,217 | 2,253,055 | 2,039,885 | 1,913,222 | 1,720,120 | 1,619,636 | 1,374,844 | 1,265,176 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,010,867 | 1,481,206 | 597,079 | 285,453 | 906,652 | 875,617 | 859,686 | 701,807 | 665,668 | 606,841 | 572,608 | 497,473 | 425,373 | 400,822 |
| 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 | 1,498,342 | 1,380,184 | 981,500 | 1,458,095 | 1,345,381 | 1,279,856 | 1,196,706 | 1,119,308 | 981,293 | 951,624 | 875,489 | 824,320 | 701,078 | 654,905 |
| total current liabilities | 2,509,209 | 2,861,390 | 1,578,579 | 1,743,548 | 2,252,033 | 2,155,473 | 2,056,392 | 1,821,115 | 1,646,961 | 1,558,465 | 1,448,097 | 1,321,793 | 1,126,451 | 1,055,727 |
| loans | 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 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,291 | 19,798 | 26,547 | 16,437 | 20,498 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,291 | 19,798 | 26,547 | 16,437 | 20,498 | 0 | 0 |
| total liabilities | 2,509,209 | 2,861,390 | 1,578,579 | 1,743,548 | 2,252,033 | 2,155,473 | 2,056,392 | 1,831,406 | 1,666,759 | 1,585,012 | 1,464,534 | 1,342,291 | 1,126,451 | 1,055,727 |
| net assets | 762,602 | 611,282 | 486,553 | 565,766 | 545,159 | 476,358 | 460,825 | 421,649 | 373,126 | 328,210 | 255,586 | 277,345 | 248,393 | 209,449 |
| total shareholders funds | 762,602 | 611,282 | 486,553 | 565,766 | 545,159 | 476,358 | 460,825 | 421,649 | 373,126 | 328,210 | 255,586 | 277,345 | 248,393 | 209,449 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 189,324 | 168,847 | -46,407 | 133,918 | 250,749 | 187,168 | 147,841 | 115,656 | 102,169 | 100,575 | 65,842 | 86,770 | 70,904 | 53,919 |
| Depreciation | 150,941 | 142,060 | 81,319 | 80,315 | 86,514 | 108,723 | 111,106 | 148,908 | 141,108 | 91,844 | 59,764 | 57,379 | 52,398 | 59,383 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,417 | 49,000 | 49,000 | 28,583 | 0 | 0 | 0 |
| Tax | -51,904 | -44,435 | -3,214 | -26,539 | -37,411 | -42,881 | -30,643 | -38,714 | -29,148 | -30,446 | -20,409 | -20,767 | -12,778 | -14,239 |
| Stock | -851 | -560 | -5,552 | 920 | -1,643 | 3,659 | 1,141 | -578 | -2,976 | -1,036 | 2,942 | 1,926 | -10,191 | 13,900 |
| Debtors | -262,161 | 1,483,861 | -149,644 | -249,220 | 110,768 | 109,773 | -88,581 | 31,920 | 218,817 | 147,765 | -8,001 | 78,250 | 107,621 | 727,617 |
| Creditors | -470,339 | 884,127 | 311,626 | -621,199 | 31,035 | 15,931 | 157,879 | 36,139 | 58,827 | 34,233 | 75,135 | 72,100 | 24,551 | 400,822 |
| Accruals and Deferred Income | 118,158 | 398,684 | -476,595 | 112,714 | 65,525 | 83,150 | 77,398 | 138,015 | 29,669 | 76,135 | 51,169 | 123,242 | 46,173 | 654,905 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -10,291 | -9,507 | -6,749 | 10,110 | -4,061 | 20,498 | 0 | 0 |
| Cash flow from operations | 199,192 | 65,982 | 21,925 | -72,491 | 287,287 | 238,659 | 540,730 | 379,572 | 129,035 | 184,722 | 261,082 | 259,046 | 83,818 | 413,273 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | -104,091 | -77,528 | -111,858 | -67,181 | -100,167 | -165,798 | -205,301 | -168,212 | -137,988 | -42,760 | -15,926 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | -104,091 | -77,528 | -111,858 | -67,181 | -100,167 | -165,798 | -205,301 | -168,212 | -137,988 | -42,760 | -15,926 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 13,900 | 317 | 408 | 3,228 | 5,463 | 1,246 | 1,978 | 1,581 | 1,895 | 2,495 | 2,808 | 2,949 | 818 | 264 |
| cash flow from financing | 13,900 | 317 | 408 | 3,228 | 5,463 | 1,246 | 1,978 | 1,581 | 1,895 | 2,495 | 2,808 | 2,949 | 818 | 309,769 |
| cash and cash equivalents | ||||||||||||||
| cash | 173,443 | -216,766 | -138,964 | -263,354 | 97,132 | 2,630 | 387,907 | 241,836 | -64,868 | -25,068 | 20,678 | 72,707 | 19,226 | 442,520 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 173,443 | -216,766 | -138,964 | -263,354 | 97,132 | 2,630 | 387,907 | 241,836 | -64,868 | -25,068 | 20,678 | 72,707 | 19,226 | 442,520 |
connect catering limited Credit Report and Business Information
Connect Catering Limited Competitor Analysis
Perform a competitor analysis for connect catering limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
connect catering limited Ownership
CONNECT CATERING LIMITED group structure
Connect Catering Limited has no subsidiary companies.
Ultimate parent company
CONNECT CATERING LIMITED
02441760
connect catering limited directors
Connect Catering Limited currently has 6 directors. The longest serving directors include Mr John Herring (Nov 1991) and Mrs Elizabeth Herring (Nov 1991).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Herring | 81 years | Nov 1991 | - | Director | |
| Mrs Elizabeth Herring | 80 years | Nov 1991 | - | Director | |
| Mrs Katherine Bendall | 53 years | Oct 2016 | - | Director | |
| Mrs Sarah Laver | 55 years | Oct 2016 | - | Director | |
| Mrs Elizabeth Mbaziira | 53 years | Feb 2021 | - | Director | |
| Mrs Victoria Murrell | United Kingdom | 57 years | Feb 2021 | - | Director |
P&L
June 2023turnover
15.6m
+12%
operating profit
189.3k
+12%
gross margin
16.9%
+13.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
762.6k
+0.25%
total assets
3.3m
-0.06%
cash
749.1k
+0.3%
net assets
Total assets minus all liabilities
connect catering limited company details
company number
02441760
Type
Private limited with Share Capital
industry
56290 - Other food service activities
incorporation date
November 1989
age
35
accounts
Full Accounts
ultimate parent company
previous names
tigerfleet limited (December 1989)
incorporated
UK
address
4-5 hithercroft court, lupton road, wallingford, oxfordshire, OX10 9BT
last accounts submitted
June 2023
connect catering 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 did not find charges/mortgages relating to connect catering limited.
connect catering limited Companies House Filings - See Documents
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