tapping house limited
tapping house limited Company Information
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
tapping house wheatfields, hillington, king's lynn, PE31 6BH
Website
http://norfolkhospice.org.uktapping house limited Estimated Valuation
Pomanda estimates the enterprise value of TAPPING HOUSE LIMITED at £3.5m based on a Turnover of £4.7m and 0.74x industry multiple (adjusted for size and gross margin).
tapping house limited Estimated Valuation
Pomanda estimates the enterprise value of TAPPING HOUSE LIMITED at £0 based on an EBITDA of £-283.1k and a 4.89x industry multiple (adjusted for size and gross margin).
tapping house limited Estimated Valuation
Pomanda estimates the enterprise value of TAPPING HOUSE LIMITED at £11.2m based on Net Assets of £5.7m and 1.96x industry multiple (adjusted for liquidity).
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Tapping House Limited Overview
Tapping House Limited is a live company located in king's lynn, PE31 6BH with a Companies House number of 03185605. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in April 1996, it's largest shareholder is unknown. Tapping House Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.7m with healthy growth in recent years.
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Tapping House Limited Health Check
Pomanda's financial health check has awarded Tapping House Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £4.7m, make it larger than the average company (£845.4k)
£4.7m - Tapping House Limited
£845.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.2%)
5% - Tapping House Limited
8.2% - Industry AVG
Production
with a gross margin of 39.8%, this company has a comparable cost of product (39.8%)
39.8% - Tapping House Limited
39.8% - Industry AVG
Profitability
an operating margin of -9.7% make it less profitable than the average company (5.8%)
-9.7% - Tapping House Limited
5.8% - Industry AVG
Employees
with 132 employees, this is above the industry average (14)
132 - Tapping House Limited
14 - Industry AVG
Pay Structure
on an average salary of £26.9k, the company has an equivalent pay structure (£29k)
£26.9k - Tapping House Limited
£29k - Industry AVG
Efficiency
resulting in sales per employee of £35.5k, this is less efficient (£73.3k)
£35.5k - Tapping House Limited
£73.3k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (27 days)
13 days - Tapping House Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (37 days)
13 days - Tapping House Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (32 days)
5 days - Tapping House Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is less cash available to meet short term requirements (58 weeks)
31 weeks - Tapping House Limited
58 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7%, this is a lower level of debt than the average (37.7%)
7% - Tapping House Limited
37.7% - Industry AVG
TAPPING HOUSE LIMITED financials
Tapping House Limited's latest turnover from March 2024 is £4.7 million and the company has net assets of £5.7 million. According to their latest financial statements, Tapping House Limited has 132 employees and maintains cash reserves of £233.7 thousand 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 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,687,446 | 4,532,449 | 4,922,302 | 4,088,332 | 3,995,869 | 3,668,487 | 3,362,730 | 2,648,030 | 2,639,085 | 2,453,908 | 3,614,609 | 1,670,825 | 1,487,434 | 1,254,622 | 1,108,048 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 11,715 | 8,040 | 21,795 | 14,601 | 15,316 | 5,367 | 186 | 1,430 | 4,213 | ||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -443,104 | -541,042 | 663,905 | 178,134 | 30,879 | 42,033 | 318,532 | 338,490 | 572,742 | 407,391 | 1,795,990 | 372,804 | 10,797 | 122,238 | 97,516 |
| Tax | |||||||||||||||
| Profit After Tax | -443,104 | -541,042 | 663,905 | 178,134 | 30,879 | 42,033 | 318,532 | 338,490 | 572,742 | 407,391 | 1,795,990 | 372,804 | 10,797 | 122,238 | 97,516 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -443,104 | -541,042 | 663,905 | 178,134 | 30,879 | 42,033 | 318,532 | 338,490 | 572,742 | 407,391 | 1,795,990 | 372,804 | 10,797 | 122,238 | 97,516 |
| Employee Costs | 3,550,750 | 3,521,222 | 2,973,837 | 2,804,685 | 2,546,398 | 2,330,129 | 1,956,100 | 1,437,765 | 1,309,610 | 1,229,301 | 1,132,242 | 796,899 | 895,783 | 725,165 | 601,517 |
| Number Of Employees | 132 | 135 | 123 | 120 | 113 | 109 | 92 | 71 | 66 | 61 | 64 | 64 | 52 | 42 | 39 |
| EBITDA* |
* 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 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,490,298 | 4,590,223 | 4,669,363 | 4,813,145 | 4,759,252 | 4,715,434 | 4,658,161 | 4,543,409 | 4,357,244 | 4,349,087 | 3,691,884 | 1,429,109 | 1,314,386 | 1,199,006 | 881,845 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 529,897 | 501,152 | 421 | 399 | 301 | 545 | 704 | 728 | 12,787 | 12,795 | 13,544 | 15,435 | 18,705 | 26,491 | 37,469 |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 5,020,195 | 5,091,375 | 4,669,784 | 4,813,544 | 4,759,553 | 4,715,979 | 4,658,865 | 4,544,137 | 4,370,031 | 4,361,882 | 3,705,428 | 1,444,544 | 1,333,091 | 1,225,497 | 919,314 |
| Stock & work in progress | 39,906 | 55,419 | 44,818 | 50,314 | 65,907 | 6,450 | 13,569 | 15,534 | 14,363 | 8,509 | 9,198 | 10,848 | 10,133 | 3,327 | 3,110 |
| Trade Debtors | 169,063 | 288,159 | 135,045 | 57,993 | 28,907 | 32,062 | 8,401 | 36,873 | 2,265 | 16,031 | 696 | ||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 667,228 | 667,259 | 952,856 | 433,719 | 543,304 | 400,341 | 341,291 | 234,347 | 106,050 | 83,252 | 210,757 | 81,566 | 56,254 | 30,442 | 72,595 |
| Cash | 233,707 | 482,091 | 1,296,976 | 1,149,948 | 923,908 | 1,061,390 | 1,106,754 | 869,623 | 902,410 | 352,809 | 666,426 | 900,624 | 758,017 | 877,618 | 1,088,053 |
| misc current assets | |||||||||||||||
| total current assets | 1,109,904 | 1,492,928 | 2,429,695 | 1,691,974 | 1,562,026 | 1,500,243 | 1,470,015 | 1,156,377 | 1,022,823 | 446,835 | 886,381 | 1,009,069 | 825,100 | 911,387 | 1,163,758 |
| total assets | 6,130,099 | 6,584,303 | 7,099,479 | 6,505,518 | 6,321,579 | 6,216,222 | 6,128,880 | 5,700,514 | 5,392,854 | 4,808,717 | 4,591,809 | 2,453,613 | 2,158,191 | 2,136,884 | 2,083,072 |
| Bank overdraft | 16,913 | 16,606 | 29,843 | 35,448 | 24,376 | 23,383 | 16,726 | ||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 103,632 | 137,466 | 61,888 | 112,638 | 106,156 | 45,846 | 33,556 | 21,634 | 33,330 | 44,276 | 340,184 | 39,269 | 18,977 | 70,915 | 51,526 |
| Group/Directors Accounts | 2 | ||||||||||||||
| other short term finances | 75,000 | ||||||||||||||
| hp & lease commitments | 373 | 4,737 | 7,425 | 10,749 | 10,749 | 7,010 | 4,348 | ||||||||
| other current liabilities | 268,780 | 249,726 | 250,948 | 222,945 | 235,955 | 215,550 | 249,364 | 178,375 | 173,534 | 151,185 | 145,011 | 101,829 | 196,232 | 125,998 | 202,835 |
| total current liabilities | 389,698 | 408,535 | 350,104 | 381,780 | 377,236 | 291,789 | 303,994 | 275,011 | 206,864 | 195,461 | 485,195 | 141,098 | 215,209 | 196,913 | 254,361 |
| loans | 39,954 | 56,867 | 73,473 | 100,815 | 86,263 | 110,640 | 67,832 | 100,000 | 100,000 | ||||||
| hp & lease commitments | 373 | 17,064 | 28,012 | 41,401 | 27,749 | 13,043 | |||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 39,954 | 57,240 | 90,537 | 128,827 | 127,664 | 138,389 | 80,875 | 100,000 | 100,000 | ||||||
| total liabilities | 429,652 | 465,775 | 440,641 | 510,607 | 504,900 | 430,178 | 384,869 | 275,011 | 306,864 | 295,461 | 485,195 | 141,098 | 215,209 | 196,913 | 254,361 |
| net assets | 5,700,447 | 6,118,528 | 6,658,838 | 5,994,911 | 5,816,679 | 5,786,044 | 5,744,011 | 5,425,503 | 5,085,990 | 4,513,256 | 4,106,614 | 2,312,515 | 1,942,982 | 1,939,971 | 1,828,711 |
| total shareholders funds | 5,700,447 | 6,118,528 | 6,658,838 | 5,994,911 | 5,816,679 | 5,786,044 | 5,744,011 | 5,425,503 | 5,085,990 | 4,513,256 | 4,106,614 | 2,312,515 | 1,942,982 | 1,939,971 | 1,828,711 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 171,479 | 185,620 | 196,056 | 200,579 | 172,996 | 162,162 | 143,545 | 99,858 | 91,752 | 52,893 | 67,678 | 43,436 | 55,034 | 46,724 | 33,350 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -15,513 | 10,601 | -5,496 | -15,593 | 59,457 | -7,119 | -1,965 | 1,171 | 5,854 | -689 | -1,650 | 715 | 6,806 | 217 | 3,110 |
| Debtors | -119,127 | -132,483 | 596,189 | -80,499 | 139,808 | 82,711 | 78,472 | 165,170 | 20,533 | -125,240 | 113,160 | 40,647 | 26,508 | -42,153 | 72,595 |
| Creditors | -33,834 | 75,578 | -50,750 | 6,482 | 60,310 | 12,290 | 11,922 | -11,696 | -10,946 | -295,908 | 300,915 | 20,292 | -51,938 | 19,389 | 51,526 |
| Accruals and Deferred Income | 19,054 | -1,222 | 28,003 | -13,010 | 20,405 | -33,814 | 70,989 | 4,841 | 22,349 | 6,174 | 43,182 | -94,403 | 70,234 | -76,837 | 202,835 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -218,735 | -257,797 | -302,258 | -99,909 | -845,641 | ||||||||||
| Change in Investments | 28,745 | 500,731 | 22 | 98 | -244 | -159 | -24 | -12,059 | -8 | -749 | -1,891 | -3,270 | -7,786 | -10,978 | 37,469 |
| cash flow from investments | -28,745 | -500,731 | -22 | -98 | 244 | -218,576 | -257,773 | -290,199 | -99,901 | -844,892 | |||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -2 | 2 | |||||||||||||
| Other Short Term Loans | -75,000 | 75,000 | |||||||||||||
| Long term loans | -16,913 | -16,606 | -27,342 | 14,552 | -24,377 | 42,808 | 67,832 | -100,000 | 100,000 | ||||||
| Hire Purchase and Lease Commitments | -4,737 | -19,379 | -14,272 | -13,389 | 17,391 | 17,368 | 17,391 | ||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -11,715 | -8,040 | -21,795 | -14,601 | -15,316 | -5,367 | -186 | -1,430 | -4,213 | ||||||
| cash flow from financing | 3,373 | -35,253 | -41,592 | 1,261 | -7,230 | 60,176 | -1,518 | -32,015 | -21,803 | 84,650 | -17,207 | -8,638 | -7,972 | -12,408 | 1,726,982 |
| cash and cash equivalents | |||||||||||||||
| cash | -248,384 | -814,885 | 147,028 | 226,040 | -137,482 | -45,364 | 237,131 | -32,787 | 549,601 | -313,617 | -234,198 | 142,607 | -119,601 | -210,435 | 1,088,053 |
| overdraft | 307 | -13,237 | -5,605 | 11,072 | 993 | 6,657 | 16,726 | ||||||||
| change in cash | -248,691 | -801,648 | 152,633 | 214,968 | -138,475 | -52,021 | 220,405 | -32,787 | 549,601 | -313,617 | -234,198 | 142,607 | -119,601 | -210,435 | 1,088,053 |
tapping house limited Credit Report and Business Information
Tapping House Limited Competitor Analysis
Perform a competitor analysis for tapping house limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in PE31 area or any other competitors across 12 key performance metrics.
tapping house limited Ownership
TAPPING HOUSE LIMITED group structure
Tapping House Limited has 1 subsidiary company.
Ultimate parent company
TAPPING HOUSE LIMITED
03185605
1 subsidiary
tapping house limited directors
Tapping House Limited currently has 9 directors. The longest serving directors include Dr Susan Crossman (Mar 2018) and Mr Timothy How (Jul 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Susan Crossman | England | 64 years | Mar 2018 | - | Director |
| Mr Timothy How | England | 74 years | Jul 2019 | - | Director |
| Mr Laurence Atkinson | England | 65 years | Feb 2020 | - | Director |
| Ms Andrea Craig | England | 67 years | Aug 2021 | - | Director |
| Ms Andrea Craig | England | 67 years | Aug 2021 | - | Director |
| Mrs Mary-Jane Edwards | England | 64 years | May 2023 | - | Director |
| Dr Lesley MacDonald | England | 67 years | Feb 2024 | - | Director |
| Miss Anne Cole | England | 51 years | Oct 2024 | - | Director |
| Mr Nigel Chappell | England | 57 years | Oct 2024 | - | Director |
P&L
March 2024turnover
4.7m
+3%
operating profit
-454.6k
0%
gross margin
39.9%
-2.27%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
5.7m
-0.07%
total assets
6.1m
-0.07%
cash
233.7k
-0.52%
net assets
Total assets minus all liabilities
tapping house limited company details
company number
03185605
Type
Private Ltd By Guarantee w/o Share Cap
industry
96090 - Other personal service activities n.e.c.
incorporation date
April 1996
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
the norfolk hospice (November 2024)
tapping house hospice (May 2009)
See moreaccountant
-
auditor
SAFFERY LLP
address
tapping house wheatfields, hillington, king's lynn, PE31 6BH
Bank
CLYDESDALE BANK
Legal Advisor
-
tapping house 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 tapping house limited.
tapping house limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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tapping house limited Companies House Filings - See Documents
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