hillcroft ltd

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hillcroft ltd Company Information

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Company Number

02488051

Registered 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

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Directors

Brian Pinington31 Years

David Pinington31 Years

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Shareholders

mr john paul ayrton 33.3%

mr brian alan pinington 33.3%

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hillcroft ltd Estimated Valuation

£32.3m

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

£17.1m

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

£19.4m

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).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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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

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £13.3m, make it larger than the average company (£9.5m)

£13.3m - Hillcroft Ltd

£9.5m - Industry AVG

growth

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

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

Profitability

an operating margin of 16% make it less profitable than the average company (20.1%)

16% - Hillcroft Ltd

20.1% - Industry AVG

employees

Employees

with 335 employees, this is above the industry average (55)

335 - Hillcroft Ltd

55 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £39.8k, this is less efficient (£184.8k)

£39.8k - Hillcroft Ltd

£184.8k - Industry AVG

debtordays

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

creditordays

Creditor Days

its suppliers are paid after 15 days, this is quicker than average (41 days)

15 days - Hillcroft Ltd

41 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 2 days, this is less than average (54 days)

2 days - Hillcroft Ltd

54 days - Industry AVG

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Hillcroft Ltd Competitor Analysis

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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.

Ultimate parent company

HILLCROFT LTD

02488051

1 subsidiary

HILLCROFT LTD Shareholders

mr john paul ayrton 33.33%
mr brian alan pinington 33.33%
mr david pinington 33.33%

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).

officercountryagestartendrole
Mr Brian Pinington77 years Apr 1992- Director
Mr David Pinington74 years Apr 1992- Director
Mr John Ayrton83 years Apr 1992- Director

HILLCROFT LTD financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover13,343,14011,981,19512,117,80812,398,94211,762,27110,748,87610,484,5849,564,2827,307,4017,569,8696,435,5786,557,4444,326,8543,585,702
Other Income Or Grants00000000000000
Cost Of Sales6,262,8745,781,8015,832,875264,890146,1875,101,560490,00010,00145,0001,211,99616,08616,17702,868,562
Gross Profit7,080,2666,199,3946,284,93312,134,05211,616,0845,647,3169,994,5849,554,2817,262,4016,357,8736,419,4926,541,2674,326,854717,140
Admin Expenses4,949,2243,960,7364,755,10410,415,4909,695,0944,063,2098,715,0578,136,0606,084,0076,041,5575,950,8135,566,4763,553,540286,943
Operating Profit2,131,0422,238,6581,529,8291,718,5621,920,9901,584,1071,279,5271,418,2211,178,394316,316468,679974,791773,314430,197
Interest Payable78,924108,968134,800169,494171,685160,891179,748193,240148,349140,699215,784177,10550,63358,602
Interest Receivable2,5352853,8355,6182,3264523,8282,2523667728165481,131714
Pre-Tax Profit2,054,6532,129,9751,398,8641,554,6861,751,6311,423,6681,103,6071,227,2331,030,411176,389253,711798,234723,812372,309
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 Tax1,543,7611,678,0361,084,5101,209,2741,370,1521,109,758832,295938,760773,75455,172171,043581,377503,724252,840
Dividends Paid450,000450,000480,000455,866380,600380,600436,000346,000173,000354,000355,000150,0000180,000
Retained Profit1,093,7611,228,036604,510753,408989,552729,158396,295592,760600,754-298,828-183,957431,377503,72472,840
Employee Costs9,284,7388,677,4898,958,5998,322,1307,780,4227,256,2466,855,2516,293,0884,631,9804,516,2374,250,2204,194,8812,774,8552,415,134
Number Of Employees335349362381357358334341255245245201119116
EBITDA*2,470,6512,585,2061,876,6282,085,8162,281,0071,953,6521,634,5371,756,6481,532,367651,163833,1141,329,0351,013,008661,713

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets10,899,55311,198,67211,510,14111,776,17012,071,77312,444,86212,533,50512,386,55412,161,8549,220,58610,494,13610,329,6463,190,3263,285,126
Intangible Assets0000000000028830,00060,000
Investments & Other1,600,0001,600,000477,274477,274477,274332,10000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets12,499,55312,798,67211,987,41512,253,44412,549,04712,776,96212,533,50512,386,55412,161,8549,220,58610,494,13610,329,9343,220,3263,345,126
Stock & work in progress43,62339,06245,40842,702294,16635,59536,320522,670525,301567,5141,778,0701,773,81710,53410,727
Trade Debtors625,837553,366505,964779,3901,017,360720,480717,645334,754521,892911,164114,799110,732293,179424,176
Group Debtors00000000000000
Misc Debtors69,25069,77159,13344,567288,974235,48239,94746,61752,12736,888200,106221,820479,074451
Cash2,038,2033,101,3543,932,8663,333,9101,992,7491,733,0721,881,7661,814,1991,152,856539,964604,922875,600806,183688,324
misc current assets00000000000000
total current assets2,776,9133,763,5534,543,3714,200,5693,593,2492,724,6292,675,6782,718,2402,252,1762,055,5302,697,8972,981,9691,588,9701,123,678
total assets15,276,46616,562,22516,530,78616,454,01316,142,29615,501,59115,209,18315,104,79414,414,03011,276,11613,192,03313,311,9034,809,2964,468,804
Bank overdraft0000000001,422,19451,23401,158155,260
Bank loan96,249452,229427,939384,991390,696392,553371,483364,633380,67102,235,700405,115158,3270
Trade Creditors 271,453282,455223,242233,184285,653310,253416,413465,156164,818312,133296,576393,95292,29293,066
Group/Directors Accounts42,57731,35118,79933,89996,73950,25196,92766,53512,037214,851166,52952,54673,416165,004
other short term finances00000000000000
hp & lease commitments0000000001,06317,74526,85032,38227,271
other current liabilities1,418,6891,480,3181,346,8421,442,0931,388,2601,355,9131,246,8521,201,4592,002,3782,033,7071,436,3021,385,3291,121,1501,044,128
total current liabilities1,828,9682,246,3532,016,8222,094,1672,161,3482,108,9702,131,6752,097,7832,559,9043,983,9484,204,0862,263,7921,478,7251,484,729
loans900,0812,934,0474,396,8614,851,9995,226,7915,638,9266,049,0966,389,6046,729,5162,853,4394,257,7376,137,3992,068,9352,228,557
hp & lease commitments00000000001,06318,80846,24936,756
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions294,059222,228185,542180,796180,514169,604173,479158,774139,99254,86446,45525,25426,51733,616
total long term liabilities1,194,1403,156,2754,582,4035,032,7955,407,3055,808,5306,222,5756,548,3786,869,5082,908,3034,305,2556,181,4612,141,7012,298,929
total liabilities3,023,1085,402,6286,599,2257,126,9627,568,6537,917,5008,354,2508,646,1619,429,4126,892,2518,509,3418,445,2533,620,4263,783,658
net assets12,253,35811,159,5979,931,5619,327,0518,573,6437,584,0916,854,9336,458,6334,984,6184,383,8654,682,6924,866,6501,188,870685,146
total shareholders funds12,253,35811,159,5979,931,5619,327,0518,573,6437,584,0916,854,9336,458,6334,984,6184,383,8654,682,6924,866,6501,188,870685,146
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit2,131,0422,238,6581,529,8291,718,5621,920,9901,584,1071,279,5271,418,2211,178,394316,316468,679974,791773,314430,197
Depreciation339,609346,548346,799367,254360,017369,545355,010338,427353,973334,847364,147320,608209,694201,516
Amortisation000000000028833,63630,00030,000
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
Stock4,561-6,3462,706-251,464258,571-725-486,350-2,631-42,213-1,210,5564,2531,763,283-19310,727
Debtors71,95058,040-258,860-482,377350,372198,370376,221-192,648-374,033633,147-17,647-439,701347,626424,627
Creditors-11,00259,213-9,942-52,469-24,600-106,160-48,743300,338-147,31515,557-97,376301,660-77493,066
Accruals and Deferred Income-61,629133,476-95,25153,83332,347109,06145,393-800,919-31,329597,40550,973264,17977,0221,044,128
Deferred Taxes & Provisions71,83136,6864,74628210,910-3,87514,70518,78285,1288,40921,201-1,263-7,09933,616
Cash flow from operations1,882,4482,310,9481,717,9812,475,8911,309,2421,441,1231,484,7091,181,6551,598,4401,728,726738,638353,172514,6361,277,700
Investing Activities
capital expenditure0000-126,624-613,784-502,4537,421-3,306,885968,796-506,703-7,464,259-96,441-896,907
Change in Investments01,122,72600145,174332,10000000000
cash flow from investments0-1,122,72600-271,798-945,884-502,4537,421-3,306,885968,796-506,703-7,464,259-96,441-896,907
Financing Activities
Bank loans-355,98024,29042,948-5,705-1,85721,0706,850-16,038380,671-2,235,7001,830,585246,788158,3270
Group/Directors Accounts11,22612,552-15,100-62,84046,488-46,67630,39254,498-202,81448,322113,983-20,870-91,588165,004
Other Short Term Loans 00000000000000
Long term loans-2,033,966-1,462,814-455,138-374,792-412,135-410,170-340,508-339,9123,876,077-1,404,298-1,879,6624,068,464-159,6222,228,557
Hire Purchase and Lease Commitments00000000-1,063-17,745-26,850-32,97314,60464,027
other long term liabilities00000000000000
share issue0000005881,255-11-13,246,4030612,306
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-2,455,109-1,534,655-558,255-607,213-536,863-596,215-479,181388,8153,904,887-3,749,347-176,9137,331,255-127,7813,012,006
cash and cash equivalents
cash-1,063,151-831,512598,9561,341,161259,677-148,69467,567661,343612,892-64,958-270,67869,417117,859688,324
overdraft00000000-1,422,1941,370,96051,234-1,158-154,102155,260
change in cash-1,063,151-831,512598,9561,341,161259,677-148,69467,567661,3432,035,086-1,435,918-321,91270,575271,961533,064

P&L

December 2022

turnover

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 2022

net 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

None

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.

charges

hillcroft ltd Companies House Filings - See Documents

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