Hastings United Football Club Limited

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hastings united football club limited Company Information

Company Number

03441850

Next Accounts

9 days late

Directors

Hayley Clout

Craig Barrow

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Shareholders

aspire sport hastings ltd

brian warren

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Group Structure

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Industry

Operation of sports facilities

Registered Address

36 cambridge road, hastings, east sussex, TN34 1DU

Website

www.hastingsunitedfc.co.uk

hastings united football club limited Estimated Valuation

£591.1k

Pomanda estimates the enterprise value of HASTINGS UNITED FOOTBALL CLUB LIMITED at £591.1k based on a Turnover of £690.2k and 0.86x industry multiple (adjusted for size and gross margin).

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Hastings United Football Club Limited is a live company located in east sussex, TN34 1DU with a Companies House number of 03441850. It operates in the operation of sports facilities sector, SIC Code 93110. Founded in September 1997, it's largest shareholder is aspire sport hastings ltd with a 95.3% stake. Hastings United Football Club Limited is a mature, small sized company, Pomanda has estimated its turnover at £690.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Hastings United Football Club Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

5 Regular

4 Weak

Size

annual sales of £690.2k, make it in line with the average company (£651.8k)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (3.4%)

EXPORT

Hastings United Football Club Limited's latest turnover from May 2023 is estimated at £690.2 thousand and the company has net assets of £99.1 thousand. According to their latest financial statements, Hastings United Football Club Limited has 18 employees and maintains cash reserves of £9.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	690,207	656,638	270,684	700,270	768,980	855,833	500,111	28,990	27,498	87,898	300,363	44,025	52,826	41,999
Other Income Or Grants
Cost Of Sales	291,098	258,928	99,987	267,058	285,003	284,812	169,151	11,710	12,136	38,373	138,746	20,267	24,593	19,373
Gross Profit	399,109	397,709	170,697	433,212	483,978	571,020	330,960	17,279	15,362	49,525	161,617	23,758	28,233	22,625
Admin Expenses	460,630	387,165	86,129	426,579	499,147	595,523	368,115	69,337	57,668	75,074	-41,880	22,767	36,862	-9,252
Operating Profit	-61,521	10,544	84,568	6,633	-15,169	-24,503	-37,155	-52,058	-42,306	-25,549	203,497	991	-8,629	31,877
Interest Payable	3,705	3,154	3,172	1,647			156	163
Interest Receivable	415	378	72	59	266	136	71	212	377	504	300	98	121	62
Pre-Tax Profit	-64,811	7,768	81,468	5,046	-14,903	-24,367	-37,240	-52,008	-41,929	-25,045	203,796	1,088	-8,508	31,939
Tax		-1,476	-15,479	-959							-46,873	-261		-8,943
Profit After Tax	-64,811	6,292	65,989	4,087	-14,903	-24,367	-37,240	-52,008	-41,929	-25,045	156,923	827	-8,508	22,996
Dividends Paid
Retained Profit	-64,811	6,292	65,989	4,087	-14,903	-24,367	-37,240	-52,008	-41,929	-25,045	156,923	827	-8,508	22,996
Employee Costs	347,596	336,299	157,931	356,987	382,771	418,609	253,348	16,898	17,180	52,604	144,069	36,797	35,896	35,029
Number Of Employees	18	18	9	20	22	24	14	1	1	3	8	2	2	2
EBITDA*	-55,003	16,779	90,620	17,578	-4,171	-13,554	-26,406	-40,850	-30,840	-14,082	214,964	11,754	1,363	37,077

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	98,050	101,758	103,648	109,700	119,745	129,999	138,924	149,673	160,291	171,757	183,224	184,842	187,895	148,925
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	98,050	101,758	103,648	109,700	119,745	129,999	138,924	149,673	160,291	171,757	183,224	184,842	187,895	148,925
Stock & work in progress	3,551	10,558	4,450	4,542	6,722	5,827	1,483	2,867	2,372	1,680	1,630	1,630	1,680	1,821
Trade Debtors										3,250	11,778
Group Debtors
Misc Debtors	230,395	225,936	224,067	47,362
Cash	9,224	9,201	66,497	77,432	41,416	29,414	25,164	31,515	53,452	97,385	104,254	15,570	23,453	24,830
misc current assets							37,570	63,272	53,390	43,596	50,383
total current assets	243,170	245,695	295,014	129,336	48,138	35,241	64,217	97,654	109,214	145,911	168,045	17,200	25,133	26,651
total assets	341,220	347,453	398,662	239,036	167,883	165,240	203,141	247,327	269,505	317,668	351,269	202,042	213,028	175,576
Bank overdraft	10,000	10,000	833	833
Bank loan
Trade Creditors									8,815	9,844	13,197	15,690	22,301	17,822
Group/Directors Accounts	179,385	97,940	169,013	58,147	10,000	11,000	23,050	18,550
other short term finances				4,000				5,000
hp & lease commitments
other current liabilities	29,292	37,292	8,632	16,656	46,532	22,781	19,060	20,301
total current liabilities	218,677	145,232	178,478	79,636	56,532	33,781	42,110	43,851	8,815	9,844	13,197	15,690	22,301	17,822
loans	20,455	30,117	49,167	49,167
hp & lease commitments
Accruals and Deferred Income	3,010	8,215	13,420	18,625	23,830	29,035	34,240	39,445	44,651	49,856	55,059	60,262	65,464	23,983
other liabilities
provisions
total long term liabilities	23,465	38,332	62,587	67,792	23,830	29,035	34,240	39,445	44,651	49,856	55,059	60,262	65,464	23,983
total liabilities	242,142	183,564	241,065	147,428	80,362	62,816	76,350	83,296	53,466	59,700	68,256	75,952	87,765	41,805
net assets	99,078	163,889	157,597	91,608	87,521	102,424	126,791	164,031	216,039	257,968	283,013	126,090	125,263	133,771
total shareholders funds	99,078	163,889	157,597	91,608	87,521	102,424	126,791	164,031	216,039	257,968	283,013	126,090	125,263	133,771

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-61,521	10,544	84,568	6,633	-15,169	-24,503	-37,155	-52,058	-42,306	-25,549	203,497	991	-8,629	31,877
Depreciation	6,518	6,235	6,052	10,945	10,998	10,949	10,749	11,208	11,466	11,467	11,467	10,763	9,992	5,200
Amortisation
Tax		-1,476	-15,479	-959							-46,873	-261		-8,943
Stock	-7,007	6,108	-92	-2,180	895	4,344	-1,384	495	692	50		-50	-141	1,821
Debtors	4,459	1,869	176,705	47,362					-3,250	-8,528	11,778
Creditors								-8,815	-1,029	-3,353	-2,493	-6,611	4,479	17,822
Accruals and Deferred Income	-13,205	23,455	-13,229	-35,081	18,546	-1,484	-6,446	15,095	-5,205	-5,203	-5,203	-5,202	41,481	23,983
Deferred Taxes & Provisions
Cash flow from operations	-65,660	30,781	-114,701	-63,644	13,480	-19,382	-31,468	-35,065	-34,516	-14,160	148,617	-270	47,464	68,118
Investing Activities
capital expenditure	-2,810	-4,345		-900	-744	-2,024		-590			-9,849	-7,710	-48,962	-154,125
Change in Investments
cash flow from investments	-2,810	-4,345		-900	-744	-2,024		-590			-9,849	-7,710	-48,962	-154,125
Financing Activities
Bank loans
Group/Directors Accounts	81,445	-71,073	110,866	48,147	-1,000	-12,050	4,500	18,550
Other Short Term Loans			-4,000	4,000			-5,000	5,000
Long term loans	-9,662	-19,050		49,167
Hire Purchase and Lease Commitments
other long term liabilities
share issue														110,775
interest	-3,290	-2,776	-3,100	-1,588	266	136	-85	49	377	504	300	98	121	62
cash flow from financing	68,493	-92,899	103,766	99,726	-734	-11,914	-585	23,599	377	504	300	98	121	110,837
cash and cash equivalents
cash	23	-57,296	-10,935	36,016	12,002	4,250	-6,351	-21,937	-43,933	-6,869	88,684	-7,883	-1,377	24,830
overdraft		9,167		833
change in cash	23	-66,463	-10,935	35,183	12,002	4,250	-6,351	-21,937	-43,933	-6,869	88,684	-7,883	-1,377	24,830

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HASTINGS UNITED FOOTBALL CLUB LIMITED group structure

Hastings United Football Club Limited has no subsidiary companies.

Ultimate parent company

HASTINGS UNITED FOOTBALL CLUB LIMITED

03441850

HASTINGS UNITED FOOTBALL CLUB LIMITED Shareholders

aspire sport hastings ltd	95.27%
brian warren	1.67%
richard anthony cosens	0.9%
david george ormerod	0.9%
christine reynolds	0.9%
kenneth robert hood	0.09%
david bealey	0.09%
nigel robert jones	0.09%
dorothy eileen knight	0.05%
clive scott galbraith	0.01%

Hastings United Football Club Limited currently has 7 directors. The longest serving directors include Miss Hayley Clout (Jun 2019) and Mr Craig Barrow (May 2020).

officer	country	age	start	end	role
Miss Hayley Clout	England	44 years	Jun 2019	-	Director
Mr Craig Barrow	England	47 years	May 2020	-	Director
Mr David Ormerod	United Kingdom	78 years	Jan 2022	-	Director
Mr Benjamin White	England	42 years	Aug 2023	-	Director
Mr Metin Davudovic	England	50 years	Aug 2023	-	Director
Mr Marc Gall	United Kingdom	40 years	Aug 2023	-	Director
Mr Dean White		66 years	Sep 2023	-	Director

P&L

May 2023

turnover

690.2k

+5%

operating profit

-61.5k

gross margin

57.9%

-4.53%

turnover

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

Balance Sheet

May 2023

net assets

99.1k

-0.4%

total assets

341.2k

-0.02%

cash

9.2k

net assets

Total assets minus all liabilities

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company number

03441850

Type

Private limited with Share Capital

industry

93110 - Operation of sports facilities

incorporation date

September 1997

ultimate parent company

None

previous names

hastings town football club limited (May 2002)

address

36 cambridge road, hastings, east sussex, TN34 1DU

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.

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hastings united football club limited Company Information

hastings united football club limited Estimated Valuation

hastings united football club limited Estimated Valuation

hastings united football club limited Estimated Valuation

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HASTINGS UNITED FOOTBALL CLUB LIMITED financials

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