head uk ltd
head uk ltd Company Information
Company Number
04279892
Website
www.head.comRegistered Address
2 beezon road, kendal, cumbria, LA9 6BW
Industry
Wholesale of other intermediate products
Telephone
01539724740
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
head (uk) holdings limited 100%
head uk ltd Estimated Valuation
Pomanda estimates the enterprise value of HEAD UK LTD at £391.2m based on a Turnover of £537.2m and 0.73x industry multiple (adjusted for size and gross margin).
head uk ltd Estimated Valuation
Pomanda estimates the enterprise value of HEAD UK LTD at £792.3m based on an EBITDA of £84.4m and a 9.39x industry multiple (adjusted for size and gross margin).
head uk ltd Estimated Valuation
Pomanda estimates the enterprise value of HEAD UK LTD at £362.6m based on Net Assets of £208.8m and 1.74x industry multiple (adjusted for liquidity).
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Head Uk Ltd Overview
Head Uk Ltd is a live company located in cumbria, LA9 6BW with a Companies House number of 04279892. It operates in the wholesale of other intermediate products sector, SIC Code 46760. Founded in August 2001, it's largest shareholder is head (uk) holdings limited with a 100% stake. Head Uk Ltd is a mature, mega sized company, Pomanda has estimated its turnover at £537.2m with healthy growth in recent years.
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Head Uk Ltd Health Check
Pomanda's financial health check has awarded Head Uk Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £537.2m, make it larger than the average company (£16.8m)
£537.2m - Head Uk Ltd
£16.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3.5%)
11% - Head Uk Ltd
3.5% - Industry AVG
Production
with a gross margin of 43.9%, this company has a lower cost of product (24.9%)
43.9% - Head Uk Ltd
24.9% - Industry AVG
Profitability
an operating margin of 12.7% make it more profitable than the average company (6.7%)
12.7% - Head Uk Ltd
6.7% - Industry AVG
Employees
with 2489 employees, this is above the industry average (32)
2489 - Head Uk Ltd
32 - Industry AVG
Pay Structure
on an average salary of £42.4k, the company has an equivalent pay structure (£45.5k)
£42.4k - Head Uk Ltd
£45.5k - Industry AVG
Efficiency
resulting in sales per employee of £215.8k, this is less efficient (£413.3k)
£215.8k - Head Uk Ltd
£413.3k - Industry AVG
Debtor Days
it gets paid by customers after 124 days, this is later than average (57 days)
124 days - Head Uk Ltd
57 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (29 days)
58 days - Head Uk Ltd
29 days - Industry AVG
Stock Days
it holds stock equivalent to 232 days, this is more than average (73 days)
232 days - Head Uk Ltd
73 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (12 weeks)
25 weeks - Head Uk Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.8%, this is a higher level of debt than the average (49.4%)
67.8% - Head Uk Ltd
49.4% - Industry AVG
HEAD UK LTD financials
Head Uk Ltd's latest turnover from December 2022 is £537.2 million and the company has net assets of £208.8 million. According to their latest financial statements, Head Uk Ltd has 2,489 employees and maintains cash reserves of £83.6 million 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 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 537,214,193 | 377,393,336 | 319,181,919 | 391,317,783 | 383,733,168 | 379,217,753 | 7,548,049 | 7,468,265 | 7,458,634 | 7,767,000 | 8,172,000 | 8,594,000 | 9,766,000 | 9,544,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 301,222,847 | 214,736,478 | 190,655,487 | 219,267,047 | 219,038,802 | 214,963,678 | 5,641,532 | 5,320,575 | 5,671,000 | 5,976,000 | 6,207,000 | 7,275,000 | 7,020,000 | |
| Gross Profit | 235,991,346 | 162,656,859 | 128,526,432 | 172,050,736 | 164,694,366 | 164,254,075 | 1,906,517 | 2,147,690 | 2,096,000 | 2,196,000 | 2,387,000 | 2,491,000 | 2,524,000 | |
| Admin Expenses | 167,666,811 | 131,811,338 | 116,721,716 | 136,830,680 | 131,252,658 | 129,232,813 | 1,766,254 | 1,754,686 | 1,753,000 | 1,955,000 | 2,504,000 | 2,411,000 | 2,543,000 | |
| Operating Profit | 68,324,535 | 30,845,521 | 11,804,716 | 35,220,056 | 33,441,708 | 35,021,262 | 140,263 | 393,004 | 179,596 | 343,000 | 241,000 | -117,000 | 80,000 | -19,000 |
| Interest Payable | 4,114,236 | 6,311,553 | 5,516,302 | 6,580,404 | 7,679,837 | 6,897,590 | 15,456 | 0 | 1,576 | 92,000 | 28,000 | 290,000 | 314,000 | 290,000 |
| Interest Receivable | 1,927,304 | 2,107,312 | 1,822,593 | 1,744,275 | 3,214,918 | 2,217,399 | 0 | 9,071 | 0 | 0 | 0 | 0 | 0 | 2,000 |
| Pre-Tax Profit | 68,031,155 | 27,427,953 | 6,277,347 | 31,333,958 | 28,731,396 | 32,183,735 | 124,807 | 402,075 | 181,172 | 251,000 | 213,000 | -407,000 | -234,000 | -307,000 |
| Tax | -19,241,021 | 827,347 | -1,848,131 | -7,208,649 | -6,255,315 | 13,610,914 | -45,470 | -47,041 | -73,007 | -75,000 | -1,000 | -63,000 | 65,000 | -74,000 |
| Profit After Tax | 48,790,134 | 28,255,301 | 4,429,216 | 24,125,309 | 22,476,081 | 45,794,649 | 79,337 | 355,034 | 108,165 | 176,000 | 212,000 | -470,000 | -169,000 | -381,000 |
| Dividends Paid | 60,579,836 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -12,236,261 | 28,054,522 | 4,152,550 | 23,918,447 | 22,476,081 | 45,794,649 | 79,337 | 355,034 | 108,165 | 176,000 | 212,000 | -470,000 | -169,000 | -381,000 |
| Employee Costs | 105,609,693 | 86,975,335 | 80,623,989 | 91,688,942 | 90,428,774 | 86,863,926 | 701,516 | 702,749 | 759,687 | 582,000 | 629,000 | 888,000 | 834,000 | 800,000 |
| Number Of Employees | 2,489 | 2,387 | 2,443 | 2,496 | 2,550 | 2,484 | 23 | 22 | 20 | 26 | 27 | 20 | 20 | 20 |
| EBITDA* | 84,396,365 | 46,282,994 | 175,035,328 | 203,556,652 | 43,973,245 | 44,775,868 | 147,403 | 401,206 | 186,581 | 354,000 | 250,000 | -113,000 | 86,000 | -13,000 |
* 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 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 173,084,379 | 191,158,806 | 163,775,432 | 161,854,090 | 109,469,348 | 109,353,296 | 29,835 | 32,666 | 41,562 | 30,000 | 26,000 | 8,000 | 6,000 | 10,000 |
| Intangible Assets | 51,487,668 | 27,005,625 | 25,951,307 | 26,517,409 | 22,228,916 | 22,057,938 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 4,442,232 | 5,751,622 | 5,746,147 | 3,885,247 | 186,038 | 192,239 | 0 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 37,351,795 | 50,164,430 | 45,029,369 | 46,592,321 | 1,589,298 | 1,469,702 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 188,527,044 | 168,705,322 | 145,346,045 | 143,031,412 | 131,698,263 | 131,411,233 | 29,835 | 52,666 | 41,562 | 30,000 | 26,000 | 8,000 | 6,000 | 10,000 |
| Stock & work in progress | 191,664,214 | 119,696,235 | 102,089,044 | 103,620,498 | 99,178,773 | 94,749,291 | 1,801,821 | 1,758,148 | 1,652,863 | 1,847,000 | 1,635,000 | 1,990,000 | 1,597,000 | 2,001,000 |
| Trade Debtors | 183,368,239 | 124,787,538 | 103,988,252 | 138,091,428 | 141,040,043 | 117,543,409 | 1,128,615 | 1,299,593 | 1,636,668 | 1,771,000 | 1,599,000 | 1,746,000 | 1,926,000 | 1,673,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,675,032 | 1,930,765 | 0 | 0 | 0 | 12,182,849 | 50,983 | 18,437 | 140,655 | 61,000 | 83,000 | 54,000 | 85,000 | 117,000 |
| Cash | 83,623,539 | 159,022,068 | 138,386,822 | 147,555,971 | 155,665,308 | 176,028,525 | 260,553 | 222,567 | 5,477 | 179,000 | 0 | 142,000 | 263,000 | 337,000 |
| misc current assets | 0 | 0 | 34,729,718 | 0 | 2,100,461 | 6,489,192 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 461,331,026 | 405,436,608 | 380,596,748 | 391,466,757 | 397,984,585 | 406,993,267 | 3,241,972 | 3,298,745 | 3,435,663 | 3,858,000 | 3,317,000 | 3,932,000 | 3,871,000 | 4,128,000 |
| total assets | 649,858,070 | 574,141,930 | 525,942,793 | 534,498,169 | 529,682,848 | 538,404,500 | 3,271,807 | 3,351,411 | 3,477,225 | 3,888,000 | 3,343,000 | 3,940,000 | 3,877,000 | 4,138,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 369,593 | 684,838 | 852,000 | 1,129,000 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 48,138,468 | 28,976,201 | 22,655,997 | 26,412,701 | 26,102,055 | 25,198,441 | 93,511 | 37,963 | 79,033 | 110,000 | 72,000 | 164,000 | 192,000 | 115,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 2,106,315 | 2,003,346 | 2,162,049 | 2,444,000 | 1,888,000 | 3,601,000 | 2,827,000 | 2,971,000 |
| other short term finances | 43,742,102 | 24,086,542 | 40,282,625 | 20,912,573 | 31,443,125 | 64,831,679 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 4,077,022 | 4,067,503 | 4,379,841 | 3,772,026 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 74,346,169 | 59,503,244 | 43,461,308 | 44,247,891 | 42,454,818 | 43,389,438 | 715,623 | 663,488 | 629,318 | 668,000 | 616,000 | 749,000 | 962,000 | 587,000 |
| total current liabilities | 170,303,765 | 116,633,492 | 110,779,774 | 95,345,195 | 100,000,000 | 133,419,561 | 2,915,449 | 3,074,390 | 3,555,238 | 4,074,000 | 3,705,000 | 4,514,000 | 3,981,000 | 3,673,000 |
| loans | 505,574,209 | 435,233,230 | 426,284,156 | 471,081,125 | 343,555,988 | 341,343,018 | 0 | 0 | 0 | 0 | 0 | 0 | 3,413,000 | 3,413,000 |
| hp & lease commitments | 11,144,093 | 11,356,122 | 12,061,803 | 9,651,825 | 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 | 18,915,467 | 19,992,338 | 2,693,125 | 3,610,914 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 34,443,961 | 42,154,910 | 4,779,092 | 5,247,296 | 42,787,029 | 42,950,034 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400,000 |
| total long term liabilities | 270,090,004 | 239,044,569 | 235,070,230 | 258,881,416 | 195,864,635 | 195,757,441 | 0 | 0 | 0 | 0 | 0 | 0 | 3,413,000 | 3,813,000 |
| total liabilities | 440,393,769 | 355,678,061 | 345,850,004 | 354,226,611 | 295,864,635 | 329,177,002 | 2,915,449 | 3,074,390 | 3,555,238 | 4,074,000 | 3,705,000 | 4,514,000 | 7,394,000 | 7,486,000 |
| net assets | 208,776,287 | 218,222,415 | 180,052,780 | 179,954,882 | 233,818,213 | 209,227,499 | 356,358 | 277,021 | -78,013 | -186,000 | -362,000 | -574,000 | -3,517,000 | -3,348,000 |
| total shareholders funds | 208,776,287 | 218,222,415 | 180,052,779 | 179,954,882 | 233,818,214 | 209,227,498 | 356,358 | 277,021 | -78,013 | -186,000 | -362,000 | -574,000 | -3,517,000 | -3,348,000 |
| 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 | 68,324,535 | 30,845,521 | 11,804,716 | 35,220,056 | 33,441,708 | 35,021,262 | 140,263 | 393,004 | 179,596 | 343,000 | 241,000 | -117,000 | 80,000 | -19,000 |
| Depreciation | 16,056,253 | 15,422,761 | 162,851,792 | 167,964,587 | 10,151,488 | 9,363,040 | 7,140 | 8,202 | 6,985 | 11,000 | 9,000 | 4,000 | 6,000 | 6,000 |
| Amortisation | 15,577 | 14,712 | 378,820 | 372,009 | 380,049 | 391,566 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -19,241,021 | 827,347 | -1,848,131 | -7,208,649 | -6,255,315 | 13,610,914 | -45,470 | -47,041 | -73,007 | -75,000 | -1,000 | -63,000 | 65,000 | -74,000 |
| Stock | 71,967,979 | 17,607,191 | -1,531,454 | 4,441,725 | 4,429,482 | 92,947,470 | 43,673 | 105,285 | -194,137 | 212,000 | -355,000 | 393,000 | -404,000 | 2,001,000 |
| Debtors | 46,512,333 | 27,865,112 | -35,666,127 | 42,054,408 | 11,433,381 | 130,016,361 | -138,432 | -459,293 | -54,677 | 150,000 | -118,000 | -211,000 | 221,000 | 1,790,000 |
| Creditors | 19,162,267 | 6,320,204 | -3,756,704 | 310,646 | 903,614 | 25,104,930 | 55,548 | -41,070 | -30,967 | 38,000 | -92,000 | -28,000 | 77,000 | 115,000 |
| Accruals and Deferred Income | 14,842,925 | 16,041,936 | -786,583 | 1,793,073 | -934,620 | 42,673,815 | 52,135 | 34,170 | -38,682 | 52,000 | -133,000 | -213,000 | 375,000 | 587,000 |
| Deferred Taxes & Provisions | -7,710,949 | 37,375,818 | -468,204 | -37,539,733 | -163,005 | 42,950,034 | 0 | 0 | 0 | 0 | 0 | 0 | -400,000 | 400,000 |
| Cash flow from operations | -27,030,725 | 61,375,996 | 205,373,287 | 114,415,856 | 21,661,056 | -53,848,270 | 304,375 | 701,273 | 292,739 | 7,000 | 497,000 | -599,000 | 386,000 | -2,776,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | -13,937 | -8,178 | -32,117 | |||||||||||
| Change in Investments | -1,309,390 | 5,475 | 1,860,900 | 3,699,209 | -6,201 | 192,239 | -20,000 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 6,063 | -28,178 | -32,117 | |||||||||||
| 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 | 0 | -2,106,315 | 102,969 | -158,703 | -281,951 | 556,000 | -1,713,000 | 774,000 | -144,000 | 2,971,000 |
| Other Short Term Loans | 19,655,560 | -16,196,083 | 19,370,052 | -10,530,552 | -33,388,554 | 64,831,679 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 70,340,979 | 8,949,074 | -44,796,969 | 127,525,137 | 2,212,970 | 341,343,018 | 0 | 0 | 0 | 0 | 0 | -3,413,000 | 0 | 3,413,000 |
| Hire Purchase and Lease Commitments | -202,510 | -1,018,019 | 3,017,793 | 13,423,851 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -18,915,467 | -1,076,871 | 17,299,213 | -917,789 | 3,610,914 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -2,186,932 | -4,204,241 | -3,693,709 | -4,836,129 | -4,464,919 | -4,680,191 | -15,456 | 9,071 | -1,576 | -92,000 | -28,000 | -290,000 | -314,000 | -288,000 |
| cash flow from financing | 90,397,231 | -21,269,623 | -31,234,357 | 65,099,741 | -34,443,657 | 566,075,596 | 87,513 | -149,632 | -283,705 | 464,000 | -1,741,000 | 484,000 | -458,000 | 3,129,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -75,398,529 | 20,635,246 | -9,169,149 | -8,109,337 | -20,363,217 | 175,767,972 | 37,986 | 217,090 | -173,523 | 179,000 | -142,000 | -121,000 | -74,000 | 337,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -369,593 | -315,245 | -167,162 | -277,000 | 1,129,000 | 0 | 0 | 0 |
| change in cash | -75,398,529 | 20,635,246 | -9,169,149 | -8,109,337 | -20,363,217 | 175,767,972 | 407,579 | 532,335 | -6,361 | 456,000 | -1,271,000 | -121,000 | -74,000 | 337,000 |
head uk ltd Credit Report and Business Information
Head Uk Ltd Competitor Analysis
Perform a competitor analysis for head uk ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
head uk ltd Ownership
HEAD UK LTD group structure
Head Uk Ltd has 1 subsidiary company.
Ultimate parent company
HEAD SPORTS HOLDING LTD
#0072865
2 parents
HEAD UK LTD
04279892
1 subsidiary
head uk ltd directors
Head Uk Ltd currently has 2 directors. The longest serving directors include Mr Ralf Bernhart (Aug 2001) and Mr Johan Eliasch (Aug 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ralf Bernhart | Austria | 72 years | Aug 2001 | - | Director |
| Mr Johan Eliasch | England | 62 years | Aug 2017 | - | Director |
P&L
December 2022turnover
537.2m
+42%
operating profit
68.3m
+122%
gross margin
44%
+1.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
208.8m
-0.04%
total assets
649.9m
+0.13%
cash
83.6m
-0.47%
net assets
Total assets minus all liabilities
Similar Companies
head uk ltd company details
company number
04279892
Type
Private limited with Share Capital
industry
46760 - Wholesale of other intermediate products
incorporation date
August 2001
age
23
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
2 beezon road, kendal, cumbria, LA9 6BW
last accounts submitted
December 2022
head uk ltd 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 5 charges/mortgages relating to head uk ltd. Currently there are 3 open charges and 2 have been satisfied in the past.
head uk ltd Companies House Filings - See Documents
| date | description | view/download |
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