haydock asset finance limited
haydock asset finance limited Company Information
Company Number
03697027
Website
www.haydockfinance.co.ukRegistered Address
challenge house challenge way, blackburn, BB1 5QB
Industry
Financial leasing
Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Telephone
01254685850
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
haydock finance holdings ltd 100%
haydock asset finance limited Estimated Valuation
Pomanda estimates the enterprise value of HAYDOCK ASSET FINANCE LIMITED at £1.9m based on a Turnover of £1.4m and 1.32x industry multiple (adjusted for size and gross margin).
haydock asset finance limited Estimated Valuation
Pomanda estimates the enterprise value of HAYDOCK ASSET FINANCE LIMITED at £166.2k based on an EBITDA of £36.3k and a 4.58x industry multiple (adjusted for size and gross margin).
haydock asset finance limited Estimated Valuation
Pomanda estimates the enterprise value of HAYDOCK ASSET FINANCE LIMITED at £10.7m based on Net Assets of £4.9m and 2.18x industry multiple (adjusted for liquidity).
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Haydock Asset Finance Limited Overview
Haydock Asset Finance Limited is a live company located in blackburn, BB1 5QB with a Companies House number of 03697027. It operates in the financial leasing sector, SIC Code 64910. Founded in January 1999, it's largest shareholder is haydock finance holdings ltd with a 100% stake. Haydock Asset Finance Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with low growth in recent years.
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Haydock Asset Finance Limited Health Check
Pomanda's financial health check has awarded Haydock Asset Finance Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£5.5m)
- Haydock Asset Finance Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a faster rate (0.9%)
- Haydock Asset Finance Limited
0.9% - Industry AVG
Production
with a gross margin of 56.8%, this company has a comparable cost of product (56.8%)
- Haydock Asset Finance Limited
56.8% - Industry AVG
Profitability
an operating margin of 2.6% make it less profitable than the average company (26.7%)
- Haydock Asset Finance Limited
26.7% - Industry AVG
Employees
with 6 employees, this is below the industry average (26)
6 - Haydock Asset Finance Limited
26 - Industry AVG
Pay Structure
on an average salary of £62.7k, the company has an equivalent pay structure (£62.7k)
- Haydock Asset Finance Limited
£62.7k - Industry AVG
Efficiency
resulting in sales per employee of £233.7k, this is less efficient (£378.4k)
- Haydock Asset Finance Limited
£378.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Haydock Asset Finance Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (46 days)
- Haydock Asset Finance Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Haydock Asset Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (11 weeks)
40 weeks - Haydock Asset Finance Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.6%, this is a lower level of debt than the average (89.8%)
1.6% - Haydock Asset Finance Limited
89.8% - Industry AVG
HAYDOCK ASSET FINANCE LIMITED financials
Haydock Asset Finance Limited's latest turnover from December 2022 is estimated at £1.4 million and the company has net assets of £4.9 million. According to their latest financial statements, Haydock Asset Finance Limited has 6 employees and maintains cash reserves of £64 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 186,000 | 555,000 | 1,301,000 | 3,088,000 | 4,402,000 | 4,872,000 | 4,604,000 | 2,756,000 | 239,000 | |||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 244,000 | 305,000 | 816,000 | 1,006,000 | 1,638,000 | 3,572,000 | 2,597,000 | 2,291,000 | 243,000 | |||||
| Interest Payable | 36,000 | 36,000 | 445,000 | 1,001,000 | 1,390,000 | 1,303,000 | 1,324,000 | 748,000 | 74,000 | |||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 2,000 | 2,000 | 0 | 0 | |||||
| Pre-Tax Profit | 208,000 | 269,000 | 371,000 | 1,006,000 | 248,000 | 2,271,000 | 1,275,000 | 1,543,000 | 169,000 | |||||
| Tax | 9,000 | -9,000 | -73,000 | -166,000 | -95,000 | -475,000 | -337,000 | 300,000 | -1,000 | |||||
| Profit After Tax | 217,000 | 260,000 | 298,000 | 840,000 | 153,000 | 1,796,000 | 938,000 | 1,843,000 | 168,000 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Retained Profit | 217,000 | 260,000 | 298,000 | 840,000 | 153,000 | 1,796,000 | 938,000 | 1,843,000 | 168,000 | |||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 6 | 6 | 5 | 5 | 3 | 5 | ||||||||
| EBITDA* | 244,000 | 305,000 | 816,000 | 1,006,000 | 1,638,000 | 3,572,000 | 2,597,000 | 2,291,000 | 243,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 725,000 | 2,975,000 | 8,064,000 | 20,179,000 | 21,512,000 | 18,795,000 | 14,346,000 | 1,670,000 | 831,477 | 841,602 | 932,652 | 760,119 |
| Total Fixed Assets | 0 | 0 | 725,000 | 2,975,000 | 8,064,000 | 20,179,000 | 21,512,000 | 18,795,000 | 14,346,000 | 1,670,000 | 831,477 | 841,602 | 932,652 | 760,119 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,034,000 | 581,144 | 1,188,443 | 40,798 | 117,154 |
| Group Debtors | 4,655,000 | 4,199,000 | 3,576,000 | 4,348,000 | 12,228,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 280,000 | 1,040,000 | 2,079,000 | 4,166,000 | 7,509,000 | 11,465,000 | 12,278,000 | 12,206,000 | 12,099,000 | 0 | 0 | 0 | 0 | 0 |
| Cash | 64,000 | 315,000 | 202,000 | 709,000 | 310,000 | 592,000 | 743,000 | 281,000 | 651,000 | 86,000 | 402,571 | 123,514 | 274,063 | 7,548 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,999,000 | 5,554,000 | 5,857,000 | 9,223,000 | 20,047,000 | 12,057,000 | 13,021,000 | 12,487,000 | 12,750,000 | 1,120,000 | 983,715 | 1,311,957 | 314,861 | 124,702 |
| total assets | 4,999,000 | 5,554,000 | 6,582,000 | 12,198,000 | 28,111,000 | 32,236,000 | 34,533,000 | 31,282,000 | 27,096,000 | 2,790,000 | 1,815,192 | 2,153,559 | 1,247,513 | 884,821 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 26,832,000 | 35,000 | 434,000 | 508,000 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,000 | 3,000 | 0 | 1,000 | 1,000 | 3,000 | 47,000 | 69,000 | 1,000 | 0 | 458,712 | 861,404 | 674,973 | 348,318 |
| Group/Directors Accounts | 71,000 | 71,000 | 71,000 | 71,000 | 71,000 | 1,263,000 | 2,980,000 | 2,376,000 | 837,000 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 566,000 | 1,217,000 | 4,040,000 | 6,946,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 8,000 | 10,000 | 68,000 | 230,000 | 130,000 | 558,000 | 695,000 | 341,000 | 552,000 | 875,000 | 0 | 0 | 0 | 0 |
| total current liabilities | 82,000 | 650,000 | 1,356,000 | 4,342,000 | 7,148,000 | 28,656,000 | 3,757,000 | 3,220,000 | 1,898,000 | 875,000 | 458,712 | 861,404 | 674,973 | 348,318 |
| loans | 0 | 0 | 535,000 | 3,370,000 | 16,631,000 | 0 | 27,170,000 | 26,316,000 | 24,550,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 4,000 | 59,000 | 114,000 | 256,000 | 361,000 | 406,000 | 246,000 | 3,356,000 | 2,965,245 | 3,171,488 | 2,504,795 | 2,563,281 |
| provisions | 0 | 0 | 0 | 0 | 89,000 | 35,000 | 109,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 539,000 | 3,429,000 | 16,834,000 | 291,000 | 27,640,000 | 26,722,000 | 24,796,000 | 3,356,000 | 2,965,245 | 3,171,488 | 2,504,795 | 2,563,281 |
| total liabilities | 82,000 | 650,000 | 1,895,000 | 7,771,000 | 23,982,000 | 28,947,000 | 31,397,000 | 29,942,000 | 26,694,000 | 4,231,000 | 3,423,957 | 4,032,892 | 3,179,768 | 2,911,599 |
| net assets | 4,917,000 | 4,904,000 | 4,687,000 | 4,427,000 | 4,129,000 | 3,289,000 | 3,136,000 | 1,340,000 | 402,000 | -1,441,000 | -1,608,765 | -1,879,333 | -1,932,255 | -2,026,778 |
| total shareholders funds | 4,917,000 | 4,904,000 | 4,687,000 | 4,427,000 | 4,129,000 | 3,289,000 | 3,136,000 | 1,340,000 | 402,000 | -1,441,000 | -1,608,765 | -1,879,333 | -1,932,255 | -2,026,778 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 244,000 | 305,000 | 816,000 | 1,006,000 | 1,638,000 | 3,572,000 | 2,597,000 | 2,291,000 | 243,000 | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 9,000 | -9,000 | -73,000 | -166,000 | -95,000 | -475,000 | -337,000 | 300,000 | -1,000 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -304,000 | -1,141,000 | -5,109,000 | -16,312,000 | -3,843,000 | -2,146,000 | 2,789,000 | 4,556,000 | 23,741,000 | 1,291,379 | -617,424 | 1,152,772 | 96,177 | 877,273 |
| Creditors | 0 | 3,000 | -1,000 | 0 | -2,000 | -44,000 | -22,000 | 68,000 | 1,000 | -458,712 | -402,692 | 513,086 | 326,655 | 348,318 |
| Accruals and Deferred Income | -2,000 | -58,000 | -162,000 | 100,000 | -428,000 | -137,000 | 354,000 | -211,000 | -323,000 | 875,000 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -89,000 | 54,000 | -74,000 | 109,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,339,000 | 5,242,000 | 17,066,000 | 4,307,000 | 3,434,000 | 749,000 | -2,439,000 | -21,472,000 | -633,091 | |||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -1,192,000 | -1,717,000 | 604,000 | 1,539,000 | 837,000 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -566,000 | -651,000 | -2,823,000 | -2,906,000 | 6,946,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -535,000 | -2,835,000 | -13,261,000 | 16,631,000 | -27,170,000 | 854,000 | 1,766,000 | 24,550,000 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -4,000 | -55,000 | -55,000 | -142,000 | -105,000 | -45,000 | 160,000 | -3,110,000 | 390,755 | -206,243 | 608,207 | -58,486 | 2,563,281 |
| share issue | ||||||||||||||
| interest | -36,000 | -36,000 | -445,000 | -1,001,000 | -1,390,000 | -1,301,000 | -1,322,000 | -748,000 | -74,000 | |||||
| cash flow from financing | -1,226,000 | -5,749,000 | -16,667,000 | 21,242,000 | -30,382,000 | 112,000 | 2,143,000 | 21,529,000 | 316,520 | |||||
| cash and cash equivalents | ||||||||||||||
| cash | -251,000 | 113,000 | -507,000 | 399,000 | -282,000 | -151,000 | 462,000 | -370,000 | 565,000 | -316,571 | 279,057 | 115,966 | 266,515 | 7,548 |
| overdraft | 0 | 0 | 0 | 0 | -26,832,000 | 26,797,000 | -399,000 | -74,000 | 508,000 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -251,000 | 113,000 | -507,000 | 399,000 | 26,550,000 | -26,948,000 | 861,000 | -296,000 | 57,000 | -316,571 | 279,057 | 115,966 | 266,515 | 7,548 |
haydock asset finance limited Credit Report and Business Information
Haydock Asset Finance Limited Competitor Analysis
Perform a competitor analysis for haydock asset finance limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
haydock asset finance limited Ownership
HAYDOCK ASSET FINANCE LIMITED group structure
Haydock Asset Finance Limited has no subsidiary companies.
Ultimate parent company
ATHENE HD INVESTOR LP
#0122383
2 parents
HAYDOCK ASSET FINANCE LIMITED
03697027
haydock asset finance limited directors
Haydock Asset Finance Limited currently has 6 directors. The longest serving directors include Mr Jonathan Wilkinson (Jan 1999) and Mr Steven Worrall (Jan 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Wilkinson | England | 71 years | Jan 1999 | - | Director |
| Mr Steven Worrall | 53 years | Jan 2014 | - | Director | |
| Mr Ian Barr | England | 60 years | Feb 2014 | - | Director |
| Mr John Jenkins | England | 59 years | Jan 2019 | - | Director |
| Mr James Pearson | United Kingdom | 52 years | Jun 2019 | - | Director |
| Mr Andrew Taylor | England | 51 years | Sep 2019 | - | Director |
P&L
December 2022turnover
1.4m
+654%
operating profit
36.3k
0%
gross margin
56.8%
+1.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
4.9m
0%
total assets
5m
-0.1%
cash
64k
-0.8%
net assets
Total assets minus all liabilities
haydock asset finance limited company details
company number
03697027
Type
Private limited with Share Capital
industry
64910 - Financial leasing
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
incorporation date
January 1999
age
25
accounts
Small Company
ultimate parent company
previous names
norwest sales limited (January 2011)
incorporated
UK
address
challenge house challenge way, blackburn, BB1 5QB
last accounts submitted
December 2022
haydock asset finance 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 found 13 charges/mortgages relating to haydock asset finance limited. Currently there are 2 open charges and 11 have been satisfied in the past.
haydock asset finance limited Companies House Filings - See Documents
| date | description | view/download |
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