Hagondale Limited

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hagondale limited Company Information

Live

MatureMegaRapid

Company Number

02670425

Website

http://titan-airways.com

Registered Address

enterprise house, stansted, airport, stansted, essex, CM24 1RN

Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

Renting and leasing of passenger air transport equipment

Telephone

01279669690

Next Accounts Due

December 2025

Group Structure

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Directors

Gene Willson32 Years

Stefan Payne10 Years

View All

Shareholders

zap air holdings limited 100%

air star limited 0%

hagondale limited Estimated Valuation

£311m

Pomanda estimates the enterprise value of HAGONDALE LIMITED at £311m based on a Turnover of £141.5m and 2.2x industry multiple (adjusted for size and gross margin).

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Hagondale Limited is a live company located in essex, CM24 1RN with a Companies House number of 02670425. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 1991, it's largest shareholder is zap air holdings limited with a 100% stake. Hagondale Limited is a mature, mega sized company, Pomanda has estimated its turnover at £141.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Hagondale Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

0 Regular

4 Weak

Size

annual sales of £141.5m, make it larger than the average company (£11.2m)

Growth

3 year (CAGR) sales growth of 35%, show it is growing at a faster rate (5.7%)

EXPORT

Hagondale Limited's latest turnover from March 2024 is £141.5 million and the company has net assets of £40.7 million. According to their latest financial statements, Hagondale Limited has 390 employees and maintains cash reserves of £13.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	141,475,207	187,645,411	121,304,598	57,710,938	118,171,753	114,164,621	99,094,594	89,468,724	77,576,781	68,288,847	72,641,297	77,387,023	75,586,846	69,013,716	53,788,482
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	128,368,665	164,460,731	116,732,409	69,603,418	98,822,799	98,090,716	84,200,036	73,200,835	67,828,298	57,475,088	56,357,297	57,110,687	57,574,093	49,921,105	43,294,562
Gross Profit	13,106,542	23,184,680	4,572,189	-11,892,480	19,348,954	16,073,905	14,894,558	16,267,889	9,748,483	10,813,759	16,284,000	20,276,336	18,012,753	19,092,611	10,493,920
Admin Expenses	4,173,805	7,791,158	13,362,182	1,751,753	9,153,442	6,078,960	692,828	6,659,812	2,673,526	6,264,080	13,983,139	10,831,776	10,106,403	12,643,252	11,396,641
Operating Profit	8,932,737	15,393,522	-8,789,993	-13,644,233	10,195,512	9,994,945	14,201,730	9,608,077	7,074,957	4,549,679	2,300,861	9,444,560	7,906,350	6,449,359	-902,721
Interest Payable	827,662	2,889,724	2,052,407	1,167,982	1,930,817	1,263,423	609,236	999,567	690,540	282,847	372,454	343,083	234,139	7,187	4,549
Interest Receivable	1,537,014	721,553	104,505	971,250	488,650	157,545	213,065	696,419	168,739	91,635	208,247	178,999	116,729	134,593	97,380
Pre-Tax Profit	9,642,089	13,225,351	-10,737,895	-13,840,965	8,753,345	7,007,558	14,399,485	6,016,584	6,014,180	4,200,048	9,951,484	9,280,476	7,558,743	6,576,765	-809,890
Tax	-2,331,100	-2,912,167	916,207	2,600,106	-1,698,686	-1,358,598	-2,761,181	-1,061,592	-1,264,429	-828,071	-2,198,874	-1,411,801	-1,920,910	-1,898,574	233,820
Profit After Tax	7,310,989	10,313,184	-9,821,688	-11,240,859	7,054,659	5,648,960	11,638,304	4,954,992	4,749,751	3,371,977	7,752,610	7,868,675	5,637,833	4,678,191	-576,070
Dividends Paid	5,450,000	3,000,000	0	500,000	0	7,000,000	3,000,000	2,750,000	4,000,000	0	2,200,544	1,456,817	2,010,074	0	1,258,198
Retained Profit	1,860,989	7,313,184	-9,821,688	-11,740,859	7,054,659	-1,351,040	8,638,304	2,204,992	749,751	3,371,977	5,552,066	6,411,858	3,627,759	4,678,191	-1,834,268
Employee Costs	29,053,210	29,107,792	17,975,661	14,416,408	23,186,533	22,974,604	19,149,670	16,454,666	16,884,958	13,876,570	15,852,522	15,249,365	14,140,610	12,854,588	10,825,338
Number Of Employees	390	391	282	306	377	387	322	277	289	253	258	257	246	227	203
EBITDA*	24,571,876	32,518,483	4,148,806	624,142	28,403,195	27,442,822	27,128,357	24,413,630	17,607,303	12,951,391	11,796,395	18,787,132	12,744,131	9,900,194	3,167,403

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	66,681,789	49,099,031	61,366,043	63,948,704	82,092,441	69,566,743	46,367,039	53,474,356	56,189,561	44,409,087	30,739,371	26,444,132	33,322,352	8,273,921	10,999,813
Intangible Assets	0	0	-520,878	-664,318	-916,768	-1,057,815	-1,145,971	-1,466,848	-1,432,472	-1,548,622	-1,509,676	-3,471,269	-3,572,520	262,318	294,439
Investments & Other	0	0	0	0	0	0	50	50	50	50	50	50	50	50	50
Debtors (Due After 1 year)	6,372,665	6,117,085	5,734,194	4,539,709	3,315,663	0	1,528,441	1,312,001	1,260,957	1,948,081	1,463,759	2,084,850	1,764,292	2,003,125	2,362,500
Total Fixed Assets	73,054,454	55,216,116	66,579,359	67,824,095	84,491,336	68,508,928	46,749,559	53,319,559	56,018,096	44,808,596	30,693,504	25,057,763	31,514,174	10,539,414	13,656,802
Stock & work in progress	3,031,047	4,049,955	883,139	651,698	1,048,447	1,060,272	907,281	844,355	614,937	694,855	948,655	811,347	663,930	679,792	675,128
Trade Debtors	8,675,059	10,853,422	12,377,381	8,263,442	2,975,251	12,331,216	17,118,159	9,308,810	6,016,875	6,502,244	5,132,548	2,643,315	6,359,557	6,943,332	6,577,413
Group Debtors	178,329	173,425	186,124	0	0	0	0	0	0	0	0	0	0	1,314,314	0
Misc Debtors	7,159,792	19,500,121	12,629,377	5,420,941	6,679,201	0	6,443,244	7,132,436	6,710,926	5,346,505	5,524,146	7,055,333	4,951,786	3,018,309	5,608,165
Cash	13,501,237	27,244,219	17,211,928	11,418,576	8,565,043	14,579,706	27,432,403	10,879,627	13,193,497	11,799,358	9,118,126	12,433,570	7,524,257	18,863,291	6,288,190
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	32,545,464	61,821,142	43,287,949	25,754,657	19,267,942	39,394,468	51,901,087	28,165,228	26,536,235	24,342,962	20,723,475	22,943,565	19,499,530	30,819,038	19,148,896
total assets	105,599,918	117,037,258	109,867,308	93,578,752	103,759,278	107,903,396	98,650,646	81,484,787	82,554,331	69,151,558	51,416,979	48,001,328	51,013,704	41,358,452	32,805,698
Bank overdraft	0	0	0	0	0	6,830,882	0	0	0	0	0	2,585,794	2,372,576	0	3
Bank loan	5,914,338	5,680,836	5,166,575	5,698,817	7,340,027	0	4,616,552	6,154,720	6,151,112	4,756,660	2,002,980	0	0	0	0
Trade Creditors	6,644,954	9,326,167	9,889,369	11,291,242	10,409,190	9,593,713	6,615,193	4,732,329	3,515,406	3,554,575	3,822,416	2,408,498	3,856,677	2,755,079	3,572,505
Group/Directors Accounts	200,136	1,248	100	0	0	0	0	0	0	0	1	0	0	0	0
other short term finances	0	43,935	0	51,309	676,343	2,654	0	47,608	986,180	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	2,469	0
other current liabilities	21,588,277	27,115,729	26,415,346	13,226,073	11,708,012	0	28,965,351	14,691,735	11,618,673	10,158,608	7,367,882	6,854,160	10,473,075	8,796,765	7,276,285
total current liabilities	34,347,705	42,167,915	41,471,390	30,267,441	30,133,572	32,900,026	40,197,096	25,626,392	22,271,371	18,469,843	13,193,279	11,848,452	16,702,328	11,554,313	10,848,793
loans	1,752,418	7,854,343	14,645,256	8,896,708	10,260,020	0	5,184,753	10,989,607	18,412,886	11,379,189	2,949,995	6,855,386	8,969,122	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	2,032,830	2,438,596	2,502,321	1,668,301	0	0	0	0	0	0	0	0	0	1,612,500	495,066
other liabilities	8,661,533	9,898,983	6,783,363	4,565,215	3,206,293	0	0	0	0	0	0	966,102	128,125	0	0
provisions	18,074,289	15,795,563	13,457,343	7,570,131	7,840,400	0	6,358,318	6,318,516	6,798,506	4,454,294	4,237,173	2,594,791	1,976,510	3,570,477	1,518,868
total long term liabilities	30,521,070	35,987,485	37,388,283	22,700,355	21,306,713	29,172,749	11,543,071	17,308,123	25,211,392	15,833,483	7,187,168	10,416,279	11,073,757	5,182,977	2,013,934
total liabilities	64,868,775	78,155,400	78,859,673	52,967,796	51,440,285	62,072,775	51,740,167	42,934,515	47,482,763	34,303,326	20,380,447	22,264,731	27,776,085	16,737,290	12,862,727
net assets	40,731,143	38,881,858	31,007,635	40,610,956	52,318,993	45,830,621	46,910,479	38,550,272	35,071,568	34,848,232	31,036,532	25,736,597	23,237,619	24,621,162	19,942,971
total shareholders funds	40,731,143	38,881,858	31,007,635	40,610,956	52,318,993	45,830,621	46,910,479	38,550,272	35,071,568	34,848,232	31,036,532	25,736,597	23,237,619	24,621,162	19,942,971

	Mar 2024	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	8,932,737	15,393,522	-8,789,993	-13,644,233	10,195,512	9,994,945	14,201,730	9,608,077	7,074,957	4,549,679	2,300,861	9,444,560	7,906,350	6,449,359	-902,721
Depreciation	15,639,139	17,299,231	13,106,736	14,443,123	18,387,773	17,447,877	12,753,815	14,630,297	10,380,326	8,259,643	9,229,907	9,064,367	4,965,969	3,418,714	4,043,357
Amortisation	0	-174,270	-167,937	-174,748	-180,090	0	172,812	175,256	152,020	142,069	265,627	278,205	-128,188	32,121	26,767
Tax	-2,331,100	-2,912,167	916,207	2,600,106	-1,698,686	-1,358,598	-2,761,181	-1,061,592	-1,264,429	-828,071	-2,198,874	-1,411,801	-1,920,910	-1,898,574	233,820
Stock	-1,018,908	3,166,816	231,441	-396,749	-11,825	152,991	62,926	229,418	-79,918	-253,800	137,308	147,417	-15,862	4,664	675,128
Debtors	-14,258,208	5,716,977	12,702,984	5,253,977	638,899	-12,758,628	7,336,597	3,764,489	191,928	1,676,377	336,955	-1,292,137	-203,445	-1,268,998	14,548,078
Creditors	-2,681,213	-563,202	-1,401,873	882,052	815,477	2,978,520	1,882,864	1,216,923	-39,169	-267,841	1,413,918	-1,448,179	1,101,598	-817,426	3,572,505
Accruals and Deferred Income	-5,933,218	636,658	14,023,293	3,186,362	11,708,012	-28,965,351	14,273,616	3,073,062	1,460,065	2,790,726	513,722	-3,618,915	63,810	2,637,914	7,771,351
Deferred Taxes & Provisions	2,278,726	2,338,220	5,887,212	-270,269	7,840,400	-6,358,318	39,802	-479,990	2,344,212	217,121	1,642,382	618,281	-1,593,967	2,051,609	1,518,868
Cash flow from operations	31,182,187	23,134,199	10,639,220	2,165,165	46,441,324	6,344,712	33,163,935	23,168,126	19,995,972	13,440,749	12,693,280	14,071,238	10,613,969	13,138,051	1,040,741
Investing Activities
capital expenditure	0	0	0	0	0	-40,735,737	830,286	-11,138,039	-17,832,829	-21,074,176	-12,494,016	-651,151	-3,882,012	-706,904	-899,011
Change in Investments	0	0	0	0	0	-50	0	0	0	0	0	0	0	0	50
cash flow from investments	0	0	0	0	0	-40,735,687	830,286	-11,138,039	-17,832,829	-21,074,176	-12,494,016	-651,151	-3,882,012	-706,904	-899,061
Financing Activities
Bank loans	233,502	514,261	-532,242	-1,641,210	7,340,027	-4,616,552	-1,538,168	3,608	1,394,452	2,753,680	2,002,980	0	0	0	0
Group/Directors Accounts	198,888	1,148	100	0	0	0	0	0	0	-1	1	0	0	0	0
Other Short Term Loans	-43,935	43,935	-51,309	-625,034	673,689	2,654	-47,608	-938,572	986,180	0	0	0	0	0	0
Long term loans	-6,101,925	-6,790,913	5,748,548	-1,363,312	10,260,020	-5,184,753	-5,804,854	-7,423,279	7,033,697	8,429,194	-3,905,391	-2,113,736	8,969,122	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	-2,469	2,469	0
other long term liabilities	-1,237,450	3,115,620	2,218,148	1,358,922	3,206,293	0	0	0	0	0	-966,102	837,977	128,125	0	0
share issue	-11,704	561,039	218,367	32,822	-566,287	271,182	-278,097	1,273,712	-526,415	439,723	-252,131	-3,912,880	-5,011,302	0	21,777,239
interest	709,352	-2,168,171	-1,947,902	-196,732	-1,442,167	-1,105,878	-396,171	-303,148	-521,801	-191,212	-164,207	-164,084	-117,410	127,406	92,831
cash flow from financing	-6,253,272	-4,723,081	5,653,710	-2,434,544	19,471,575	-10,633,347	-8,064,898	-7,387,679	8,366,113	11,431,384	-3,284,850	-5,352,723	3,966,066	129,875	21,870,070
cash and cash equivalents
cash	-13,742,982	10,032,291	5,793,352	2,853,533	-6,014,663	-12,852,697	16,552,776	-2,313,870	1,394,139	2,681,232	-3,315,444	4,909,313	-11,339,034	12,575,101	6,288,190
overdraft	0	0	0	0	-6,830,882	6,830,882	0	0	0	0	-2,585,794	213,218	2,372,576	-3	3
change in cash	-13,742,982	10,032,291	5,793,352	2,853,533	816,219	-19,683,579	16,552,776	-2,313,870	1,394,139	2,681,232	-729,650	4,696,095	-13,711,610	12,575,104	6,288,187

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HAGONDALE LIMITED group structure

Hagondale Limited has 3 subsidiary companies.

Ultimate parent company

ZAP AIR HOLDINGS LIMITED

11877109

1 parent

HAGONDALE LIMITED

02670425

3 subsidiaries

EXECAIR LIMITED

03205078

SNOWJET LIMITED

06026427

TITAN AIRWAYS LIMITED

02212225

HAGONDALE LIMITED Shareholders

zap air holdings limited	100%
air star limited	0%

Hagondale Limited currently has 4 directors. The longest serving directors include Mr Gene Willson (Dec 1991) and Mr Stefan Payne (Oct 2014).

officer	age	start	end	role
Mr Gene Willson	74 years	Dec 1991	-	Director
Mr Stefan Payne	43 years	Oct 2014	-	Director
Mr Alexander Harrington	45 years	Jul 2024	-	Director
Mr William Tangney	42 years	Jul 2024	-	Director

P&L

March 2024

turnover

141.5m

-25%

operating profit

8.9m

-42%

gross margin

9.3%

-25.02%

turnover

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

Balance Sheet

March 2024

net assets

40.7m

+0.05%

total assets

105.6m

-0.1%

cash

13.5m

-0.5%

net assets

Total assets minus all liabilities

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company number

02670425

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.

77351 - Renting and leasing of passenger air transport equipment

incorporation date

December 1991

ultimate parent company

ZAP AIR HOLDINGS LIMITED

previous names

N/A

address

enterprise house, stansted, airport, stansted, essex, CM24 1RN

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 25 charges/mortgages relating to hagondale limited. Currently there are 7 open charges and 18 have been satisfied in the past.

hagondale limited Company Information

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hagondale limited Estimated Valuation

hagondale limited Estimated Valuation

Hagondale Limited Overview

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HAGONDALE LIMITED financials

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