Kernock Park Plants Limited

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kernock park plants limited Company Information

Company Number

03297350

Next Accounts

Jun 2025

Directors

Richard Harnett

Janet Harnett

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Shareholders

richard frederick harnett & janet patricia harnett

bruce richard harnett

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Group Structure

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Industry

Plant propagation

Registered Address

kernock park pillaton, saltash, cornwall, PL12 6RY

Website

www.kernock.co.uk

kernock park plants limited Estimated Valuation

£7.1m

Pomanda estimates the enterprise value of KERNOCK PARK PLANTS LIMITED at £7.1m based on Net Assets of £4.7m and 1.5x industry multiple (adjusted for liquidity).

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Kernock Park Plants Limited is a live company located in cornwall, PL12 6RY with a Companies House number of 03297350. It operates in the plant propagation sector, SIC Code 01300. Founded in December 1996, it's largest shareholder is richard frederick harnett & janet patricia harnett with a 94.9% stake. Kernock Park Plants Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Kernock Park Plants Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £4.4m, make it larger than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (5.1%)

EXPORT

Kernock Park Plants Limited's latest turnover from September 2023 is £4.4 million and the company has net assets of £4.7 million. According to their latest financial statements, Kernock Park Plants Limited has 69 employees and maintains cash reserves of £2.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Dec 2011	Dec 2010	Dec 2009
Turnover	4,409,054	5,216,351	8,353,193	6,209,802	5,475,409	5,699,646	4,929,928	3,360,264	8,719,828	724,061	560,637	423,169	403,122
Other Income Or Grants
Cost Of Sales	3,450,298	3,929,402	5,248,321	4,691,245	3,989,780	4,052,555	3,509,794	2,619,786	5,344,148	374,642	295,139	257,640	199,433
Gross Profit	958,756	1,286,949	3,104,872	1,518,556	1,485,629	1,647,091	1,420,135	740,478	3,375,680	349,419	265,498	165,529	203,689
Admin Expenses	933,709	1,212,001	1,313,013	1,122,528	1,296,042	1,562,504	1,310,364	568,377	3,173,314	-126,516	-2,613,473	-252,247	-305,959	-1,464,405
Operating Profit	25,047	74,948	1,791,859	396,028	189,587	84,587	109,771	172,101	202,366	475,935	2,878,971	417,776	509,648	1,464,405
Interest Payable	20,000	20,000
Interest Receivable	31,713	3,694	3,179	974	6,019	3,822	1,729	13,554	1,087	1	1	1	3	2
Pre-Tax Profit	117,729	11,744	1,921,648	397,002	195,606	88,409	111,500	461,164	203,453	475,936	2,878,972	417,777	509,651	1,464,407
Tax	-36,785	60,098	-363,377	-75,430	-37,165	-16,798	-22,300	-118,645	-42,725	-109,465	-690,953	-108,622	-142,702	-410,034
Profit After Tax	80,944	71,842	1,558,271	321,572	158,441	71,611	89,200	342,519	160,728	366,471	2,188,019	309,155	366,949	1,054,373
Dividends Paid	24,000	124,000	339,000
Retained Profit	56,944	-52,158	1,219,271	321,572	158,441	71,611	89,200	342,519	160,728	366,471	2,188,019	309,155	366,949	1,054,373
Employee Costs	1,874,418	1,878,001	2,477,799	1,587,294	1,591,007	1,685,951	1,658,334	1,525,491	3,143,346	268,581	267,030	170,585	202,111
Number Of Employees	69	70	66	78	70	77	77	77	161	14	14	8	11
EBITDA*	258,356	392,946	2,342,223	767,704	656,650	467,353	500,673	552,135	588,139	475,935	2,878,971	417,776	509,648	1,464,405

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	1,494,874	1,723,817	1,857,399	2,014,437	1,868,843	1,968,557	1,901,699	1,832,873	1,594,134
Intangible Assets						200,000	400,000	600,000	800,000
Investments & Other	1,448,731	1,377,526	1,529,928	915,843	861,077	643,744	596,722	450,288	250,000
Debtors (Due After 1 year)
Total Fixed Assets	2,943,605	3,101,343	3,387,327	2,930,280	2,729,920	2,812,301	2,898,421	2,883,161	2,644,134
Stock & work in progress	41,575	49,381	53,298	130,000	140,000	137,200	139,500	141,750	135,000
Trade Debtors	303,999	415,581	583,013	1,330,620	1,257,789	1,288,975	1,098,861	1,137,897	1,181,276
Group Debtors
Misc Debtors	192,945	80,277	706,336	31,509	21,696	40,906	56,991	58,282
Cash	2,855,733	2,734,262	2,235,690	1,008,952	939,005	666,095	862,556	520,597	434,932	4	391	51	328	915
misc current assets										2,728,485	2,324,686	1,827,514	1,541,209	1,179,261
total current assets	3,394,252	3,279,501	3,578,337	2,501,081	2,358,490	2,133,176	2,157,908	1,858,526	1,751,208	2,728,489	2,325,077	1,827,565	1,541,537	1,180,176
total assets	6,337,857	6,380,844	6,965,664	5,431,361	5,088,410	4,945,477	5,056,329	4,741,687	4,395,342	2,728,489	2,325,077	1,827,565	1,541,537	1,180,176
Bank overdraft
Bank loan
Trade Creditors	47,085	178,115	164,371	227,099	194,922	267,899	253,616	212,526	1,647,379	173,499	136,558	96,588	119,472	89,573
Group/Directors Accounts													243	35,730
other short term finances	1,000,000	1,000,000
hp & lease commitments
other current liabilities	365,987	334,763	809,666	403,620	354,945	333,327	547,572	462,869
total current liabilities	1,413,072	1,512,878	974,037	630,719	549,867	601,226	801,188	675,395	1,647,379	173,499	136,558	96,588	119,715	125,303
loans
hp & lease commitments
Accruals and Deferred Income	25,963	30,545	35,935
other liabilities
provisions	193,439	188,982	255,095	166,089	143,458	108,592	91,832	65,256	20,445
total long term liabilities	219,402	219,527	291,030	166,089	143,458	108,592	91,832	65,256	20,445
total liabilities	1,632,474	1,732,405	1,265,067	796,808	693,325	709,818	893,020	740,651	1,667,824	173,499	136,558	96,588	119,715	125,303
net assets	4,705,383	4,648,439	5,700,597	4,634,553	4,395,085	4,235,659	4,163,309	4,001,036	2,727,518	2,554,990	2,188,519	1,730,977	1,421,822	1,054,873
total shareholders funds	4,705,383	4,648,439	5,700,597	4,634,553	4,395,085	4,235,659	4,163,309	4,001,036	2,727,518	2,554,990	2,188,519	1,730,977	1,421,822	1,054,873

	Sep 2023	Sep 2022	Sep 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	25,047	74,948	1,791,859	396,028	189,587	84,587	109,771	172,101	202,366	475,935	2,878,971	417,776	509,648	1,464,405
Depreciation	233,309	317,998	550,364	371,676	267,063	182,766	190,902	180,034	185,773
Amortisation					200,000	200,000	200,000	200,000	200,000
Tax	-36,785	60,098	-363,377	-75,430	-37,165	-16,798	-22,300	-118,645	-42,725	-109,465	-690,953	-108,622	-142,702	-410,034
Stock	-7,806	-3,917	-76,702	-10,000	2,800	-2,300	-2,250	6,750	135,000
Debtors	1,086	-793,491	-72,780	82,644	-50,396	174,029	-40,327	14,903	1,181,276
Creditors	-131,030	13,744	-62,728	32,177	-72,977	14,283	41,090	-1,434,853	1,473,880	36,941	136,558	-22,884	29,899	89,573
Accruals and Deferred Income	26,642	-480,293	441,981	48,675	21,618	-214,245	84,703	462,869
Deferred Taxes & Provisions	4,457	-66,113	89,006	22,631	34,866	16,760	26,576	44,811	20,445
Cash flow from operations	128,360	717,790	2,596,587	723,113	650,588	95,624	673,319	-515,336	723,463	403,411	2,324,576	286,270	396,845	1,143,944
Investing Activities
capital expenditure				-517,270	-167,349	-249,624	-259,728	-418,773	-2,779,907
Change in Investments	71,205	-152,402	614,085	54,766	217,333	47,022	146,434	200,288	250,000
cash flow from investments	-71,205	152,402	-614,085	-572,036	-384,682	-296,646	-406,162	-619,061	-3,029,907
Financing Activities
Bank loans
Group/Directors Accounts												-243	-35,487	35,730
Other Short Term Loans		1,000,000
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue		-1,000,000	-153,227	-82,104	985	739	73,073	930,999	11,800		500			500
interest	11,713	-16,306	3,179	974	6,019	3,822	1,729	13,554	1,087	1	1	1	3	2
cash flow from financing	11,713	-16,306	-150,048	-81,130	7,004	4,561	74,802	944,553	12,887	1	501	-242	-35,484	36,232
cash and cash equivalents
cash	121,471	498,572	1,226,738	69,947	272,910	-196,461	341,959	85,665	434,928	-387	391	-277	-587	915
overdraft
change in cash	121,471	498,572	1,226,738	69,947	272,910	-196,461	341,959	85,665	434,928	-387	391	-277	-587	915

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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KERNOCK PARK PLANTS LIMITED group structure

Kernock Park Plants Limited has no subsidiary companies.

Ultimate parent company

KERNOCK PARK PLANTS LIMITED

03297350

KERNOCK PARK PLANTS LIMITED Shareholders

richard frederick harnett & janet patricia harnett	94.86%
bruce richard harnett	5.11%
gwen joyce harnett	0.01%
isaac richard harnett	0.01%
joanne colette harnett	0.01%

Kernock Park Plants Limited currently has 3 directors. The longest serving directors include Mr Richard Harnett (Dec 1996) and Mrs Janet Harnett (Dec 1996).

officer	country	age	start	end	role
Mr Richard Harnett		85 years	Dec 1996	-	Director
Mrs Janet Harnett		81 years	Dec 1996	-	Director
Mr Bruce Harnett	United Kingdom	49 years	Oct 2007	-	Director

P&L

September 2023

turnover

4.4m

-15%

operating profit

25k

-67%

gross margin

21.8%

-11.86%

turnover

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

Balance Sheet

September 2023

net assets

4.7m

+0.01%

total assets

6.3m

-0.01%

cash

2.9m

+0.04%

net assets

Total assets minus all liabilities

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company number

03297350

Type

Private limited with Share Capital

industry

01300 - Plant propagation

incorporation date

December 1996

ultimate parent company

None

previous names

N/A

address

kernock park pillaton, saltash, cornwall, PL12 6RY

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kernock park plants limited Company Information

kernock park plants limited Estimated Valuation

kernock park plants limited Estimated Valuation

kernock park plants limited Estimated Valuation

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