Citation Limited

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citation limited Company Information

Live

MatureLargeHigh

Company Number

03097504

Next Accounts

Sep 2025

Industry

Management consultancy activities (other than financial management)

Other business support service activities n.e.c.

Directors

Christopher Morris

Eloise Wann

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Shareholders

citation holdings ltd

Group Structure

View All

Contact

Registered Address

kings court water lane, wilmslow, cheshire, SK9 5AR

Website

www.citation.co.uk

citation limited Estimated Valuation

£116.5m

Pomanda estimates the enterprise value of CITATION LIMITED at £116.5m based on a Turnover of £77.8m and 1.5x industry multiple (adjusted for size and gross margin).

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Citation Limited is a live company located in cheshire, SK9 5AR with a Companies House number of 03097504. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in September 1995, it's largest shareholder is citation holdings ltd with a 100% stake. Citation Limited is a mature, large sized company, Pomanda has estimated its turnover at £77.8m with high growth in recent years.

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Pomanda's financial health check has awarded Citation Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

2 Weak

Size

annual sales of £77.8m, make it larger than the average company (£2.8m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (7.6%)

EXPORT

Citation Limited's latest turnover from December 2023 is £77.8 million and the company has net assets of £42.5 million. According to their latest financial statements, Citation Limited has 563 employees and maintains cash reserves of £372 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	77,833,275	67,207,840	58,364,336	48,151,771	45,231,384	40,229,956	35,590,000	31,348,536	29,824,512	25,837,090	18,270,113	17,317,653	15,368,034	13,897,829	12,839,950
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	22,878,629	16,490,591	13,336,248	11,041,812	11,053,733	11,406,758	9,566,000	8,246,219	7,659,731	6,886,746	5,508,183	7,763,395	7,251,142	7,487,399	6,829,803
Gross Profit	54,954,646	50,717,249	45,028,088	37,109,959	34,177,651	28,823,198	26,024,000	23,102,317	22,164,781	18,950,344	12,761,930	9,554,258	8,116,892	6,410,430	6,010,147
Admin Expenses	48,003,641	53,305,428	47,277,570	27,925,749	23,743,032	21,257,626	19,105,000	16,093,279	17,242,988	14,221,922	7,535,981	5,286,345	3,558,574	3,571,735	3,757,104
Operating Profit	6,951,005	-2,588,179	-2,249,482	9,184,210	10,434,619	7,565,572	6,919,000	7,009,038	4,921,793	4,728,422	5,225,949	4,267,913	4,558,318	2,838,695	2,253,043
Interest Payable	1,889,594	1,796,979	1,492,722	285,765	161,005	0	0	0	5,761	56,116	2,425	11,467	78,892	73,387	4,755
Interest Receivable	0	1,864	0	53,825	0	0	0	182	0	813	0	1,690	0	357	14,310
Pre-Tax Profit	25,029,589	-4,368,103	-3,742,204	8,952,270	10,273,614	7,565,572	6,919,000	7,009,220	4,916,032	4,673,119	5,223,524	4,258,136	4,479,426	2,765,665	2,262,598
Tax	-2,924,996	-757,853	-3,300,190	533,541	-1,115,065	-227,630	-47,000	-464,139	-567,361	-936,097	-255,434	-947,699	-1,188,960	-782,861	-569,684
Profit After Tax	22,104,593	-5,125,956	-7,042,394	9,485,811	9,158,549	7,337,942	6,872,000	6,545,081	4,348,671	3,737,022	4,968,090	3,310,437	3,290,466	1,982,804	1,692,914
Dividends Paid	450,000	0	0	0	0	0	0	0	0	0	0	539,001	430,270	4,020,010	1,400,057
Retained Profit	21,654,593	-5,125,956	-7,042,394	9,485,811	9,158,549	7,337,942	6,872,000	6,545,081	4,348,671	3,737,022	4,968,090	2,771,436	2,860,196	-2,037,206	292,857
Employee Costs	29,796,996	27,647,941	25,793,015	21,296,948	21,544,126	20,258,430	19,221,000	15,137,920	14,852,431	15,148,903	8,674,184	7,420,231	7,108,693	7,851,268	7,309,725
Number Of Employees	563	562	509	444	429	398	367	337	309	309	211	202	198	200	184
EBITDA*	8,820,996	-285,322	-155,378	11,019,865	12,493,783	9,892,069	8,916,000	8,315,612	5,521,180	5,100,845	5,416,538	4,478,039	4,865,236	3,085,917	2,542,029

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	723,364	981,081	902,533	786,219	748,816	594,871	746,000	810,998	1,283,694	847,333	452,357	287,738	368,964	559,143	540,938
Intangible Assets	759,092	2,143,398	3,872,876	2,455,849	2,481,804	2,949,538	3,646,000	2,956,122	1,064,771	63,776	0	2,887	13,218	27,254	41,640
Investments & Other	32,849,360	37,216,697	54,842,874	43,285,865	34,756,698	23,095,809	0	100	0	0	0	0	480,623	0	0
Debtors (Due After 1 year)	4,392,214	10,477,695	4,312,572	3,245,836	3,023,829	3,346,655	2,063,000	1,728,353	11,414,185	8,981,128	5,830,700	5,246,129	4,115,393	2,669,295	1,793,657
Total Fixed Assets	38,724,030	50,818,871	63,930,855	49,773,769	41,011,147	29,986,873	6,455,000	5,495,573	13,762,650	9,892,237	6,283,057	5,536,754	4,978,198	3,255,692	2,376,235
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,001,649	1,519,619	1,207,363	349,052	184,850	19,550,210	18,948,000	16,324,137	4,193,329	3,458,669	646,155	92,735	1,865,614	1,808,812	2,411,757
Group Debtors	23,846,639	95,830,075	59,495,488	68,202,133	27,140,772	18,633,153	22,656,000	16,311,920	12,961,444	9,533,631	4,038,606	903,295	0	0	0
Misc Debtors	37,436,958	29,091,130	31,743,969	30,763,122	25,584,696	2,369,406	2,457,000	1,823,646	2,417,509	1,797,713	3,806,152	2,523,244	681,262	786,697	870,245
Cash	371,966	1,295,947	822,463	6,101,438	6,678,817	2,865,966	444,000	1,225,948	309,143	420,205	0	646,767	371	6,238	423,710
misc current assets	0	0	0	0	0	386,643	0	521,998	0	0	0	0	0	0	0
total current assets	62,657,212	127,736,771	93,269,283	105,415,745	59,589,135	43,805,378	44,505,000	36,207,649	19,881,425	15,210,218	8,490,913	4,166,041	2,547,247	2,601,747	3,705,712
total assets	101,381,242	178,555,642	157,200,138	155,189,514	100,600,282	73,792,251	50,960,000	41,703,222	33,644,075	25,102,455	14,773,970	9,702,795	7,525,445	5,857,439	6,081,947
Bank overdraft	0	0	0	0	0	0	0	0	125	0	398,158	0	538,577	1,869,850	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,526,097	1,954,433	2,849,439	897,190	904,699	152,294	318,000	1,170,657	1,126,336	332,415	98,566	112,938	140,317	174,497	231,573
Group/Directors Accounts	50,383,425	148,460,370	88,234,381	80,465,646	37,182,156	24,048,497	13,472,000	9,574,455	6,501,654	3,904,522	159,128	0	0	100,000	4,123
other short term finances	282,285	733,229	5,681,277	8,319,248	800,000	195,000	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	8,783	40,778	63,990	63,990	0
other current liabilities	6,640,678	6,053,731	6,425,344	5,585,915	4,127,578	4,135,492	3,231,000	3,890,713	5,275,353	4,473,582	1,437,189	1,836,239	1,835,178	1,497,924	1,753,853
total current liabilities	58,832,485	157,201,763	103,190,441	95,267,999	43,014,433	28,531,283	17,021,000	14,635,825	12,903,468	8,710,519	2,101,824	1,989,955	2,578,062	3,706,261	1,989,549
loans	0	0	677,976	0	7,150,145	3,983,813	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	17,232	26,016	31,995	95,986	0
Accruals and Deferred Income	0	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	0
provisions	78,409	538,124	452,600	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	78,409	538,124	1,130,576	0	7,150,145	3,983,813	0	0	0	0	17,232	26,016	31,995	95,986	0
total liabilities	58,910,894	157,739,887	104,321,017	95,267,999	50,164,578	32,515,096	17,021,000	14,635,825	12,903,468	8,710,519	2,119,056	2,015,971	2,610,057	3,802,247	1,989,549
net assets	42,470,348	20,815,755	52,879,121	59,921,515	50,435,704	41,277,155	33,939,000	27,067,397	20,740,607	16,391,936	12,654,914	7,686,824	4,915,388	2,055,192	4,092,398
total shareholders funds	42,470,348	20,815,755	52,879,121	59,921,515	50,435,704	41,277,155	33,939,000	27,067,397	20,740,607	16,391,936	12,654,914	7,686,824	4,915,388	2,055,192	4,092,398

	Dec 2023	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	6,951,005	-2,588,179	-2,249,482	9,184,210	10,434,619	7,565,572	6,919,000	7,009,038	4,921,793	4,728,422	5,225,949	4,267,913	4,558,318	2,838,695	2,253,043
Depreciation	418,325	405,125	319,136	264,406	266,499	317,380	277,000	363,444	519,853	372,423	187,702	199,795	292,882	232,836	274,949
Amortisation	1,451,666	1,897,732	1,774,968	1,571,249	1,792,665	2,009,117	1,720,000	943,130	79,534	0	2,887	10,331	14,036	14,386	14,037
Tax	-2,924,996	-757,853	-3,300,190	533,541	-1,115,065	-227,630	-47,000	-464,139	-567,361	-936,097	-255,434	-947,699	-1,188,960	-782,861	-569,684
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-70,241,059	40,159,127	-5,800,751	46,625,996	12,034,723	-2,224,576	9,935,944	5,201,589	7,215,326	9,449,528	5,556,210	2,103,134	1,397,465	189,145	5,075,659
Creditors	-428,336	-895,006	1,952,249	-7,509	752,405	-165,706	-852,657	44,321	793,921	233,849	-14,372	-27,379	-34,180	-57,076	231,573
Accruals and Deferred Income	586,947	-371,613	839,429	1,458,337	-7,914	904,492	-659,713	-1,384,640	801,771	3,036,393	-399,050	1,061	337,254	-255,929	1,753,853
Deferred Taxes & Provisions	-459,715	85,524	452,600	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	75,835,955	-42,383,397	5,589,461	-33,621,762	88,486	12,627,801	-2,579,314	1,309,565	-665,815	-2,014,538	-808,528	1,400,888	2,581,885	1,800,906	-1,117,888
Investing Activities
capital expenditure	-227,968	-651,927	-3,627,445	-1,847,103	-1,745,375	-1,478,906	-2,622,000	-2,725,229	-2,036,743	-831,175	-352,321	-541,241	-519,726	-57,929	-389,941
Change in Investments	-4,367,337	-17,626,177	11,557,009	8,529,167	11,660,889	23,095,809	-100	100	0	0	0	-480,623	480,623	0	0
cash flow from investments	4,139,369	16,974,250	-15,184,454	-10,376,270	-13,406,264	-24,574,715	-2,621,900	-2,725,329	-2,036,743	-831,175	-352,321	-60,618	-1,000,349	-57,929	-389,941
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-98,076,945	60,225,989	7,768,735	43,283,490	13,133,659	10,576,497	3,897,545	3,072,801	2,597,132	3,745,394	159,128	0	-100,000	95,877	4,123
Other Short Term Loans	-450,944	-4,948,048	-2,637,971	7,519,248	605,000	195,000	0	0	0	0	0	0	0	0	0
Long term loans	0	-677,976	677,976	-7,150,145	3,166,332	3,983,813	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	-26,015	-40,779	-29,191	-63,991	159,976	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	-26,937,410	0	0	0	213	-397	-218,291	0	0	0	0	0	0	3,799,541
interest	-1,889,594	-1,795,115	-1,492,722	-231,940	-161,005	0	0	182	-5,761	-55,303	-2,425	-9,777	-78,892	-73,030	9,555
cash flow from financing	-100,417,483	25,867,440	4,316,018	43,420,653	16,743,986	14,755,523	3,897,148	2,854,692	2,591,371	3,664,076	115,924	-38,968	-242,883	182,823	3,813,219
cash and cash equivalents
cash	-923,981	473,484	-5,278,975	-577,379	3,812,851	2,421,966	-781,948	916,805	-111,062	420,205	-646,767	646,396	-5,867	-417,472	423,710
overdraft	0	0	0	0	0	0	0	-125	125	-398,158	398,158	-538,577	-1,331,273	1,869,850	0
change in cash	-923,981	473,484	-5,278,975	-577,379	3,812,851	2,421,966	-781,948	916,930	-111,187	818,363	-1,044,925	1,184,973	1,325,406	-2,287,322	423,710

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CITATION LIMITED group structure

Citation Limited has 7 subsidiary companies.

Ultimate parent company

CITATION MIDCO LTD

#0150653

CITATION HOLDINGS LIMITED

04104682

2 parents

CITATION LIMITED

03097504

7 subsidiaries

EMPLOYMENT LAW ADVISORY SERVICES LIMITED

03041461

SOUTHALL ASSOCIATES LTD

05751804

THE XACT GROUP LIMITED

SC203416

SOLUTIONHOST GROUP LIMITED

10816675

CITATION FIRE & ELECTRICAL LIMITED

04580764

P. & R. SERVICES (SOUTHAMPTON) LIMITED

03267718

HS DIRECT LIMITED

05066720

CITATION LIMITED Shareholders

citation holdings ltd

100%

Citation Limited currently has 3 directors. The longest serving directors include Mr Christopher Morris (Mar 2013) and Ms Eloise Wann (Apr 2017).

officer	country	age	start	end	role
Mr Christopher Morris	United Kingdom	52 years	Mar 2013	-	Director
Ms Eloise Wann	United Kingdom	47 years	Apr 2017	-	Director
Mr Matthew Stewart	United Kingdom	48 years	Aug 2023	-	Director

P&L

December 2023

turnover

77.8m

+16%

operating profit

-369%

gross margin

70.7%

-6.44%

turnover

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

Balance Sheet

December 2023

net assets

42.5m

+1.04%

total assets

101.4m

-0.43%

cash

372k

-0.71%

net assets

Total assets minus all liabilities

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company number

03097504

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

82990 - Other business support service activities n.e.c.

incorporation date

September 1995

ultimate parent company

CITATION MIDCO LTD

previous names

citation plc (December 2012)

broomco (965) limited (October 1995)

address

kings court water lane, wilmslow, cheshire, SK9 5AR

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 9 charges/mortgages relating to citation limited. Currently there are 1 open charges and 8 have been satisfied in the past.

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