hillcroft ltd Company Information
Company Number
02488051
Website
www.hillcrofthome.co.ukRegistered Address
hillcroft nursing home, north road, carnforth, LA5 9LX
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
01524734433
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
mr john paul ayrton 33.3%
mr brian alan pinington 33.3%
View Allhillcroft ltd Estimated Valuation
Pomanda estimates the enterprise value of HILLCROFT LTD at £32.3m based on a Turnover of £13.3m and 2.42x industry multiple (adjusted for size and gross margin).
hillcroft ltd Estimated Valuation
Pomanda estimates the enterprise value of HILLCROFT LTD at £17.1m based on an EBITDA of £2.5m and a 6.91x industry multiple (adjusted for size and gross margin).
hillcroft ltd Estimated Valuation
Pomanda estimates the enterprise value of HILLCROFT LTD at £19.4m based on Net Assets of £12.3m and 1.58x industry multiple (adjusted for liquidity).
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Hillcroft Ltd Overview
Hillcroft Ltd is a live company located in carnforth, LA5 9LX with a Companies House number of 02488051. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in April 1990, it's largest shareholder is mr john paul ayrton with a 33.3% stake. Hillcroft Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £13.3m with low growth in recent years.
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Hillcroft Ltd Health Check
Pomanda's financial health check has awarded Hillcroft Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £13.3m, make it larger than the average company (£9.5m)
£13.3m - Hillcroft Ltd
£9.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.9%)
2% - Hillcroft Ltd
3.9% - Industry AVG
Production
with a gross margin of 53.1%, this company has a comparable cost of product (53.1%)
53.1% - Hillcroft Ltd
53.1% - Industry AVG
Profitability
an operating margin of 16% make it less profitable than the average company (20.1%)
16% - Hillcroft Ltd
20.1% - Industry AVG
Employees
with 335 employees, this is above the industry average (55)
335 - Hillcroft Ltd
55 - Industry AVG
Pay Structure
on an average salary of £27.7k, the company has a lower pay structure (£36.6k)
£27.7k - Hillcroft Ltd
£36.6k - Industry AVG
Efficiency
resulting in sales per employee of £39.8k, this is less efficient (£184.8k)
£39.8k - Hillcroft Ltd
£184.8k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (41 days)
17 days - Hillcroft Ltd
41 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (41 days)
15 days - Hillcroft Ltd
41 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (54 days)
2 days - Hillcroft Ltd
54 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 57 weeks, this is more cash available to meet short term requirements (14 weeks)
57 weeks - Hillcroft Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.8%, this is a lower level of debt than the average (69.8%)
19.8% - Hillcroft Ltd
69.8% - Industry AVG
hillcroft ltd Credit Report and Business Information
Hillcroft Ltd Competitor Analysis
Perform a competitor analysis for hillcroft ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
hillcroft ltd Ownership
HILLCROFT LTD group structure
Hillcroft Ltd has 1 subsidiary company.
hillcroft ltd directors
Hillcroft Ltd currently has 3 directors. The longest serving directors include Mr Brian Pinington (Apr 1992) and Mr David Pinington (Apr 1992).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Brian Pinington | 77 years | Apr 1992 | - | Director | |
Mr David Pinington | 74 years | Apr 1992 | - | Director | |
Mr John Ayrton | 83 years | Apr 1992 | - | Director |
HILLCROFT LTD financials
Hillcroft Ltd's latest turnover from December 2022 is £13.3 million and the company has net assets of £12.3 million. According to their latest financial statements, Hillcroft Ltd has 335 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 13,343,140 | 11,981,195 | 12,117,808 | 12,398,942 | 11,762,271 | 10,748,876 | 10,484,584 | 9,564,282 | 7,307,401 | 7,569,869 | 6,435,578 | 6,557,444 | 4,326,854 | 3,585,702 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Cost Of Sales | 264,890 | 146,187 | 490,000 | 10,001 | 45,000 | 1,211,996 | 16,086 | 16,177 | 0 | |||||
Gross Profit | 12,134,052 | 11,616,084 | 9,994,584 | 9,554,281 | 7,262,401 | 6,357,873 | 6,419,492 | 6,541,267 | 4,326,854 | |||||
Admin Expenses | 10,415,490 | 9,695,094 | 8,715,057 | 8,136,060 | 6,084,007 | 6,041,557 | 5,950,813 | 5,566,476 | 3,553,540 | |||||
Operating Profit | 2,131,042 | 2,238,658 | 1,529,829 | 1,718,562 | 1,920,990 | 1,584,107 | 1,279,527 | 1,418,221 | 1,178,394 | 316,316 | 468,679 | 974,791 | 773,314 | 430,197 |
Interest Payable | 78,924 | 108,968 | 134,800 | 169,494 | 171,685 | 160,891 | 179,748 | 193,240 | 148,349 | 140,699 | 215,784 | 177,105 | 50,633 | 58,602 |
Interest Receivable | 2,535 | 285 | 3,835 | 5,618 | 2,326 | 452 | 3,828 | 2,252 | 366 | 772 | 816 | 548 | 1,131 | 714 |
Pre-Tax Profit | 2,054,653 | 2,129,975 | 1,398,864 | 1,554,686 | 1,751,631 | 1,423,668 | 1,103,607 | 1,227,233 | 1,030,411 | 176,389 | 253,711 | 798,234 | 723,812 | 372,309 |
Tax | -510,892 | -451,939 | -314,354 | -345,412 | -381,479 | -313,910 | -271,312 | -288,473 | -256,657 | -121,217 | -82,668 | -216,857 | -220,088 | -119,469 |
Profit After Tax | 1,543,761 | 1,678,036 | 1,084,510 | 1,209,274 | 1,370,152 | 1,109,758 | 832,295 | 938,760 | 773,754 | 55,172 | 171,043 | 581,377 | 503,724 | 252,840 |
Dividends Paid | 450,000 | 450,000 | 480,000 | 455,866 | 380,600 | 380,600 | 436,000 | 346,000 | 173,000 | 354,000 | 355,000 | 150,000 | 0 | 180,000 |
Retained Profit | 1,093,761 | 1,228,036 | 604,510 | 753,408 | 989,552 | 729,158 | 396,295 | 592,760 | 600,754 | -298,828 | -183,957 | 431,377 | 503,724 | 72,840 |
Employee Costs | 9,284,738 | 8,677,489 | 8,958,599 | 8,322,130 | 7,780,422 | 7,256,246 | 6,855,251 | 6,293,088 | 4,631,980 | 4,516,237 | 4,250,220 | 4,194,881 | 2,774,855 | 2,415,134 |
Number Of Employees | 335 | 349 | 362 | 381 | 357 | 358 | 334 | 341 | 255 | 245 | 245 | 201 | 119 | 116 |
EBITDA* | 2,470,651 | 2,585,206 | 1,876,628 | 2,085,816 | 2,281,007 | 1,953,652 | 1,634,537 | 1,756,648 | 1,532,367 | 651,163 | 833,114 | 1,329,035 | 1,013,008 | 661,713 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 10,899,553 | 11,198,672 | 11,510,141 | 11,776,170 | 12,071,773 | 12,444,862 | 12,533,505 | 12,386,554 | 12,161,854 | 9,220,586 | 10,494,136 | 10,329,646 | 3,190,326 | 3,285,126 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 288 | 30,000 | 60,000 |
Investments & Other | 1,600,000 | 1,600,000 | 477,274 | 477,274 | 477,274 | 332,100 | 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 | 12,499,553 | 12,798,672 | 11,987,415 | 12,253,444 | 12,549,047 | 12,776,962 | 12,533,505 | 12,386,554 | 12,161,854 | 9,220,586 | 10,494,136 | 10,329,934 | 3,220,326 | 3,345,126 |
Stock & work in progress | 43,623 | 39,062 | 45,408 | 42,702 | 294,166 | 35,595 | 36,320 | 522,670 | 525,301 | 567,514 | 1,778,070 | 1,773,817 | 10,534 | 10,727 |
Trade Debtors | 625,837 | 553,366 | 505,964 | 779,390 | 1,017,360 | 720,480 | 717,645 | 334,754 | 521,892 | 911,164 | 114,799 | 110,732 | 293,179 | 424,176 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 69,250 | 69,771 | 59,133 | 44,567 | 288,974 | 235,482 | 39,947 | 46,617 | 52,127 | 36,888 | 200,106 | 221,820 | 479,074 | 451 |
Cash | 2,038,203 | 3,101,354 | 3,932,866 | 3,333,910 | 1,992,749 | 1,733,072 | 1,881,766 | 1,814,199 | 1,152,856 | 539,964 | 604,922 | 875,600 | 806,183 | 688,324 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 2,776,913 | 3,763,553 | 4,543,371 | 4,200,569 | 3,593,249 | 2,724,629 | 2,675,678 | 2,718,240 | 2,252,176 | 2,055,530 | 2,697,897 | 2,981,969 | 1,588,970 | 1,123,678 |
total assets | 15,276,466 | 16,562,225 | 16,530,786 | 16,454,013 | 16,142,296 | 15,501,591 | 15,209,183 | 15,104,794 | 14,414,030 | 11,276,116 | 13,192,033 | 13,311,903 | 4,809,296 | 4,468,804 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,422,194 | 51,234 | 0 | 1,158 | 155,260 |
Bank loan | 96,249 | 452,229 | 427,939 | 384,991 | 390,696 | 392,553 | 371,483 | 364,633 | 380,671 | 0 | 2,235,700 | 405,115 | 158,327 | 0 |
Trade Creditors | 271,453 | 282,455 | 223,242 | 233,184 | 285,653 | 310,253 | 416,413 | 465,156 | 164,818 | 312,133 | 296,576 | 393,952 | 92,292 | 93,066 |
Group/Directors Accounts | 42,577 | 31,351 | 18,799 | 33,899 | 96,739 | 50,251 | 96,927 | 66,535 | 12,037 | 214,851 | 166,529 | 52,546 | 73,416 | 165,004 |
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 | 1,063 | 17,745 | 26,850 | 32,382 | 27,271 |
other current liabilities | 1,418,689 | 1,480,318 | 1,346,842 | 1,442,093 | 1,388,260 | 1,355,913 | 1,246,852 | 1,201,459 | 2,002,378 | 2,033,707 | 1,436,302 | 1,385,329 | 1,121,150 | 1,044,128 |
total current liabilities | 1,828,968 | 2,246,353 | 2,016,822 | 2,094,167 | 2,161,348 | 2,108,970 | 2,131,675 | 2,097,783 | 2,559,904 | 3,983,948 | 4,204,086 | 2,263,792 | 1,478,725 | 1,484,729 |
loans | 900,081 | 2,934,047 | 4,396,861 | 4,851,999 | 5,226,791 | 5,638,926 | 6,049,096 | 6,389,604 | 6,729,516 | 2,853,439 | 4,257,737 | 6,137,399 | 2,068,935 | 2,228,557 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,063 | 18,808 | 46,249 | 36,756 |
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 | 294,059 | 222,228 | 185,542 | 180,796 | 180,514 | 169,604 | 173,479 | 158,774 | 139,992 | 54,864 | 46,455 | 25,254 | 26,517 | 33,616 |
total long term liabilities | 1,194,140 | 3,156,275 | 4,582,403 | 5,032,795 | 5,407,305 | 5,808,530 | 6,222,575 | 6,548,378 | 6,869,508 | 2,908,303 | 4,305,255 | 6,181,461 | 2,141,701 | 2,298,929 |
total liabilities | 3,023,108 | 5,402,628 | 6,599,225 | 7,126,962 | 7,568,653 | 7,917,500 | 8,354,250 | 8,646,161 | 9,429,412 | 6,892,251 | 8,509,341 | 8,445,253 | 3,620,426 | 3,783,658 |
net assets | 12,253,358 | 11,159,597 | 9,931,561 | 9,327,051 | 8,573,643 | 7,584,091 | 6,854,933 | 6,458,633 | 4,984,618 | 4,383,865 | 4,682,692 | 4,866,650 | 1,188,870 | 685,146 |
total shareholders funds | 12,253,358 | 11,159,597 | 9,931,561 | 9,327,051 | 8,573,643 | 7,584,091 | 6,854,933 | 6,458,633 | 4,984,618 | 4,383,865 | 4,682,692 | 4,866,650 | 1,188,870 | 685,146 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 2,131,042 | 2,238,658 | 1,529,829 | 1,718,562 | 1,920,990 | 1,584,107 | 1,279,527 | 1,418,221 | 1,178,394 | 316,316 | 468,679 | 974,791 | 773,314 | 430,197 |
Depreciation | 339,609 | 346,548 | 346,799 | 367,254 | 360,017 | 369,545 | 355,010 | 338,427 | 353,973 | 334,847 | 364,147 | 320,608 | 209,694 | 201,516 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 288 | 33,636 | 30,000 | 30,000 |
Tax | -510,892 | -451,939 | -314,354 | -345,412 | -381,479 | -313,910 | -271,312 | -288,473 | -256,657 | -121,217 | -82,668 | -216,857 | -220,088 | -119,469 |
Stock | 4,561 | -6,346 | 2,706 | -251,464 | 258,571 | -725 | -486,350 | -2,631 | -42,213 | -1,210,556 | 4,253 | 1,763,283 | -193 | 10,727 |
Debtors | 71,950 | 58,040 | -258,860 | -482,377 | 350,372 | 198,370 | 376,221 | -192,648 | -374,033 | 633,147 | -17,647 | -439,701 | 347,626 | 424,627 |
Creditors | -11,002 | 59,213 | -9,942 | -52,469 | -24,600 | -106,160 | -48,743 | 300,338 | -147,315 | 15,557 | -97,376 | 301,660 | -774 | 93,066 |
Accruals and Deferred Income | -61,629 | 133,476 | -95,251 | 53,833 | 32,347 | 109,061 | 45,393 | -800,919 | -31,329 | 597,405 | 50,973 | 264,179 | 77,022 | 1,044,128 |
Deferred Taxes & Provisions | 71,831 | 36,686 | 4,746 | 282 | 10,910 | -3,875 | 14,705 | 18,782 | 85,128 | 8,409 | 21,201 | -1,263 | -7,099 | 33,616 |
Cash flow from operations | 1,882,448 | 2,310,948 | 1,717,981 | 2,475,891 | 1,309,242 | 1,441,123 | 1,484,709 | 1,181,655 | 1,598,440 | 1,728,726 | 738,638 | 353,172 | 514,636 | 1,277,700 |
Investing Activities | ||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | -126,624 | -613,784 | -502,453 | 7,421 | -3,306,885 | 968,796 | -506,703 | -7,464,259 | -96,441 | -896,907 |
Change in Investments | 0 | 1,122,726 | 0 | 0 | 145,174 | 332,100 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | -1,122,726 | 0 | 0 | -271,798 | -945,884 | -502,453 | 7,421 | -3,306,885 | 968,796 | -506,703 | -7,464,259 | -96,441 | -896,907 |
Financing Activities | ||||||||||||||
Bank loans | -355,980 | 24,290 | 42,948 | -5,705 | -1,857 | 21,070 | 6,850 | -16,038 | 380,671 | -2,235,700 | 1,830,585 | 246,788 | 158,327 | 0 |
Group/Directors Accounts | 11,226 | 12,552 | -15,100 | -62,840 | 46,488 | -46,676 | 30,392 | 54,498 | -202,814 | 48,322 | 113,983 | -20,870 | -91,588 | 165,004 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -2,033,966 | -1,462,814 | -455,138 | -374,792 | -412,135 | -410,170 | -340,508 | -339,912 | 3,876,077 | -1,404,298 | -1,879,662 | 4,068,464 | -159,622 | 2,228,557 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,063 | -17,745 | -26,850 | -32,973 | 14,604 | 64,027 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | -76,389 | -108,683 | -130,965 | -163,876 | -169,359 | -160,439 | -175,920 | -190,988 | -147,983 | -139,927 | -214,968 | -176,557 | -49,502 | -57,888 |
cash flow from financing | -2,455,109 | -1,534,655 | -558,255 | -607,213 | -536,863 | -596,215 | -479,181 | 388,815 | 3,904,887 | -3,749,347 | -176,913 | 7,331,255 | -127,781 | 3,012,006 |
cash and cash equivalents | ||||||||||||||
cash | -1,063,151 | -831,512 | 598,956 | 1,341,161 | 259,677 | -148,694 | 67,567 | 661,343 | 612,892 | -64,958 | -270,678 | 69,417 | 117,859 | 688,324 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,422,194 | 1,370,960 | 51,234 | -1,158 | -154,102 | 155,260 |
change in cash | -1,063,151 | -831,512 | 598,956 | 1,341,161 | 259,677 | -148,694 | 67,567 | 661,343 | 2,035,086 | -1,435,918 | -321,912 | 70,575 | 271,961 | 533,064 |
P&L
December 2022turnover
13.3m
+11%
operating profit
2.1m
-5%
gross margin
53.1%
+2.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
12.3m
+0.1%
total assets
15.3m
-0.08%
cash
2m
-0.34%
net assets
Total assets minus all liabilities
hillcroft ltd company details
company number
02488051
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
April 1990
age
34
accounts
Group
ultimate parent company
previous names
matchmore limited (January 1991)
incorporated
UK
address
hillcroft nursing home, north road, carnforth, LA5 9LX
last accounts submitted
December 2022
hillcroft ltd 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 11 charges/mortgages relating to hillcroft ltd. Currently there are 9 open charges and 2 have been satisfied in the past.
hillcroft ltd Companies House Filings - See Documents
date | description | view/download |
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