new century (east grinstead) limited
new century (east grinstead) limited Company Information
Company Number
05325981
Registered Address
st james house, 3rd floor, south wing, romford, essex, RM1 3NH
Industry
Event catering activities
Telephone
02083003333
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
hicp holdings limited 100%
new century (east grinstead) limited Estimated Valuation
Pomanda estimates the enterprise value of NEW CENTURY (EAST GRINSTEAD) LIMITED at £5.3m based on a Turnover of £5.1m and 1.05x industry multiple (adjusted for size and gross margin).
new century (east grinstead) limited Estimated Valuation
Pomanda estimates the enterprise value of NEW CENTURY (EAST GRINSTEAD) LIMITED at £0 based on an EBITDA of £-23k and a 8.9x industry multiple (adjusted for size and gross margin).
new century (east grinstead) limited Estimated Valuation
Pomanda estimates the enterprise value of NEW CENTURY (EAST GRINSTEAD) LIMITED at £0 based on Net Assets of £-8m and 2.96x industry multiple (adjusted for liquidity).
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New Century (east Grinstead) Limited Overview
New Century (east Grinstead) Limited is a live company located in romford, RM1 3NH with a Companies House number of 05325981. It operates in the event catering activities sector, SIC Code 56210. Founded in January 2005, it's largest shareholder is hicp holdings limited with a 100% stake. New Century (east Grinstead) Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.1m with rapid growth in recent years.
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New Century (east Grinstead) Limited Health Check
Pomanda's financial health check has awarded New Century (East Grinstead) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £5.1m, make it larger than the average company (£584.8k)
£5.1m - New Century (east Grinstead) Limited
£584.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 84%, show it is growing at a faster rate (13.3%)
84% - New Century (east Grinstead) Limited
13.3% - Industry AVG
Production
with a gross margin of 84.9%, this company has a lower cost of product (42%)
84.9% - New Century (east Grinstead) Limited
42% - Industry AVG
Profitability
an operating margin of -5.5% make it less profitable than the average company (6.4%)
-5.5% - New Century (east Grinstead) Limited
6.4% - Industry AVG
Employees
with 76 employees, this is above the industry average (10)
76 - New Century (east Grinstead) Limited
10 - Industry AVG
Pay Structure
on an average salary of £24.7k, the company has a higher pay structure (£18.9k)
£24.7k - New Century (east Grinstead) Limited
£18.9k - Industry AVG
Efficiency
resulting in sales per employee of £66.6k, this is equally as efficient (£60.5k)
£66.6k - New Century (east Grinstead) Limited
£60.5k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (31 days)
6 days - New Century (east Grinstead) Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 72 days, this is slower than average (27 days)
72 days - New Century (east Grinstead) Limited
27 days - Industry AVG
Stock Days
it holds stock equivalent to 21 days, this is more than average (8 days)
21 days - New Century (east Grinstead) Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (28 weeks)
0 weeks - New Century (east Grinstead) Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 262.2%, this is a higher level of debt than the average (80.4%)
262.2% - New Century (east Grinstead) Limited
80.4% - Industry AVG
NEW CENTURY (EAST GRINSTEAD) LIMITED financials
New Century (East Grinstead) Limited's latest turnover from March 2024 is £5.1 million and the company has net assets of -£8 million. According to their latest financial statements, New Century (East Grinstead) Limited has 76 employees and maintains cash reserves of £172 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 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,060,000 | 4,978,000 | 3,344,000 | 806,000 | 4,534,000 | 4,555,000 | 4,467,000 | 4,265,000 | 6,175,000 | 4,814,000 | 4,483,998 | 4,285,520 | 3,943,807 | 4,193,621 | 3,972,046 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 765,000 | 811,000 | 557,000 | 998,000 | 2,646,000 | 2,605,000 | 2,624,000 | 2,442,000 | 3,114,000 | 813,000 | 805,312 | 787,129 | 720,043 | 790,648 | 710,516 |
| Gross Profit | 4,295,000 | 4,167,000 | 2,787,000 | -192,000 | 1,888,000 | 1,950,000 | 1,843,000 | 1,823,000 | 3,061,000 | 4,001,000 | 3,678,686 | 3,498,391 | 3,223,764 | 3,402,973 | 3,261,530 |
| Admin Expenses | 4,575,000 | 4,804,000 | 5,849,000 | 1,073,000 | 2,362,000 | 2,676,000 | 2,602,000 | 3,005,000 | 2,677,000 | 3,300,000 | 4,004,633 | 3,802,305 | 3,669,894 | 3,928,971 | 5,434,773 |
| Operating Profit | -280,000 | -637,000 | -3,062,000 | -1,265,000 | -474,000 | -726,000 | -759,000 | -1,182,000 | 384,000 | 701,000 | -325,947 | -303,914 | -446,130 | -525,998 | -2,173,243 |
| Interest Payable | 804,000 | 576,000 | 455,000 | 454,000 | 452,000 | 679,000 | 1,309,000 | 1,140,000 | 339,000 | 0 | 269,552 | 241,016 | 277,606 | 163,610 | 407,408 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | -1,084,000 | -1,213,000 | -3,517,000 | -1,719,000 | -926,000 | -1,405,000 | -2,068,000 | -2,322,000 | 45,000 | 701,000 | -328,339 | -544,930 | -723,736 | -689,608 | -2,580,651 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -107,000 | 107,000 | 430,446 | 51,437 | -86,688 | 62,628 | 181,254 |
| Profit After Tax | -1,084,000 | -1,213,000 | -3,517,000 | -1,719,000 | -926,000 | -1,405,000 | -2,068,000 | -2,322,000 | -62,000 | 808,000 | 102,107 | -493,493 | -810,424 | -626,980 | -2,399,397 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,084,000 | -1,213,000 | -3,517,000 | -1,719,000 | -926,000 | -1,405,000 | -2,068,000 | -2,322,000 | -62,000 | 808,000 | 102,107 | -493,493 | -810,424 | -626,980 | -2,399,397 |
| Employee Costs | 1,880,000 | 1,722,000 | 1,932,000 | 1,237,000 | 1,638,000 | 1,563,000 | 1,584,000 | 1,693,000 | 2,471,000 | 1,906,000 | 1,849,599 | 1,748,364 | 1,698,942 | 1,524,105 | 1,382,322 |
| Number Of Employees | 76 | 77 | 66 | 76 | 92 | 104 | 54 | 126 | 137 | 151 | 210 | 152 | 149 | 112 | 103 |
| EBITDA* | -23,000 | -407,000 | -2,633,000 | -738,000 | 139,000 | -48,000 | -164,000 | -908,000 | 526,000 | 1,320,000 | 489,021 | 578,980 | 407,172 | 350,815 | -1,301,015 |
* 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 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,500,000 | 4,800,000 | 5,200,000 | 8,519,000 | 9,998,000 | 14,332,000 | 14,662,000 | 17,110,000 | 13,089,000 | 11,659,000 | 10,609,574 | 7,683,305 | 8,449,145 | 9,264,534 | 10,054,665 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,000 | 150,000 | 200,000 | 250,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,500,000 | 4,800,000 | 5,200,000 | 8,519,000 | 9,998,000 | 14,332,000 | 14,662,000 | 17,110,000 | 13,089,000 | 11,659,000 | 10,609,574 | 7,783,305 | 8,599,145 | 9,464,534 | 10,304,665 |
| Stock & work in progress | 45,000 | 62,000 | 50,000 | 21,000 | 36,000 | 33,000 | 31,000 | 29,000 | 38,000 | 31,000 | 33,440 | 85,191 | 90,980 | 91,298 | 88,529 |
| Trade Debtors | 88,000 | 101,000 | 137,000 | 64,000 | 190,000 | 74,000 | 228,000 | 85,000 | 158,000 | 142,000 | 225,302 | 218,183 | 249,477 | 311,676 | 175,632 |
| Group Debtors | 40,000 | 0 | 8,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44,501 |
| Misc Debtors | 96,000 | 68,000 | 76,000 | 56,000 | 55,000 | 0 | 56,000 | 38,000 | 48,000 | 183,000 | 107,737 | 78,384 | 70,922 | 374,009 | 75,835 |
| Cash | 172,000 | 232,000 | 237,000 | 63,000 | 802,000 | 629,000 | 775,000 | 889,000 | 887,000 | 1,049,000 | 2,320 | 2,320 | 2,320 | 2,250 | 2,250 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 441,000 | 463,000 | 508,000 | 204,000 | 1,083,000 | 771,000 | 1,090,000 | 1,041,000 | 1,131,000 | 1,405,000 | 368,799 | 384,078 | 413,699 | 779,233 | 386,747 |
| total assets | 4,941,000 | 5,263,000 | 5,708,000 | 8,723,000 | 11,081,000 | 15,103,000 | 15,752,000 | 18,151,000 | 14,220,000 | 13,064,000 | 10,978,373 | 8,167,383 | 9,012,844 | 10,243,767 | 10,691,412 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,643,183 | 886,973 | 914,340 | 833,998 | 173,377 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 151,000 | 19,000 | 244,000 | 165,000 | 581,000 | 429,000 | 597,000 | 244,000 | 195,000 | 155,000 | 297,980 | 278,910 | 319,099 | 272,369 | 363,333 |
| Group/Directors Accounts | 12,287,000 | 15,491,000 | 14,623,000 | 13,353,000 | 12,638,000 | 0 | 213,000 | 254,000 | 221,000 | 15,928,000 | 9,125,142 | 8,984 | 0 | 32,145 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 422,000 | 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 | 0 |
| other current liabilities | 519,000 | 607,000 | 481,000 | 450,000 | 427,000 | 0 | 114,000 | 578,000 | 732,000 | 645,000 | 776,364 | 673,145 | 626,745 | 491,259 | 3,158,381 |
| total current liabilities | 12,957,000 | 16,117,000 | 15,348,000 | 13,968,000 | 13,646,000 | 1,187,000 | 924,000 | 1,076,000 | 1,148,000 | 16,728,000 | 16,842,669 | 1,848,012 | 1,860,184 | 1,629,771 | 3,695,091 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 20,302,000 | 17,852,000 | 13,421,000 | 0 | 0 | 10,956,365 | 11,244,168 | 11,529,556 | 13,109,787 |
| hp & lease commitments | 0 | 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 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 146,523 | 4,802,229 | 4,802,785 | 5,254,999 | 1,367,485 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 425,339 | 476,776 | 390,088 | 452,716 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 11,744,000 | 20,302,000 | 17,852,000 | 13,421,000 | 0 | 146,523 | 16,183,933 | 16,523,729 | 17,174,643 | 14,929,988 |
| total liabilities | 12,957,000 | 16,117,000 | 15,348,000 | 13,968,000 | 13,646,000 | 12,931,000 | 21,226,000 | 18,928,000 | 14,569,000 | 16,728,000 | 16,989,192 | 18,031,945 | 18,383,913 | 18,804,414 | 18,625,079 |
| net assets | -8,016,000 | -10,854,000 | -9,640,000 | -5,245,000 | -2,565,000 | 2,172,000 | -5,474,000 | -777,000 | -349,000 | -3,664,000 | -6,010,819 | -9,864,562 | -9,371,069 | -8,560,647 | -7,933,667 |
| total shareholders funds | -8,016,000 | -10,854,000 | -9,640,000 | -5,245,000 | -2,565,000 | 2,172,000 | -5,474,000 | -777,000 | -349,000 | -3,664,000 | -6,010,819 | -9,864,562 | -9,371,069 | -8,560,647 | -7,933,667 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -280,000 | -637,000 | -3,062,000 | -1,265,000 | -474,000 | -726,000 | -759,000 | -1,182,000 | 384,000 | 701,000 | -325,947 | -303,914 | -446,130 | -525,998 | -2,173,243 |
| Depreciation | 257,000 | 230,000 | 429,000 | 527,000 | 613,000 | 678,000 | 595,000 | 274,000 | 142,000 | 619,000 | 714,968 | 832,894 | 803,302 | 826,813 | 822,228 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -107,000 | 107,000 | 430,446 | 51,437 | -86,688 | 62,628 | 181,254 |
| Stock | -17,000 | 12,000 | 29,000 | -15,000 | 3,000 | 2,000 | 2,000 | -9,000 | 38,000 | -2,440 | -51,751 | -5,789 | -318 | 2,769 | 88,529 |
| Debtors | 55,000 | -52,000 | 101,000 | -125,000 | 171,000 | -210,000 | 161,000 | -83,000 | 206,000 | -8,039 | 36,472 | -23,832 | -365,286 | 389,717 | 295,968 |
| Creditors | 132,000 | -225,000 | 79,000 | -416,000 | 152,000 | -168,000 | 353,000 | 49,000 | 195,000 | -142,980 | 19,070 | -40,189 | 46,730 | -90,964 | 363,333 |
| Accruals and Deferred Income | -88,000 | 126,000 | 31,000 | 23,000 | 427,000 | -114,000 | -464,000 | -154,000 | 732,000 | -131,364 | 103,219 | 46,400 | 135,486 | -2,667,122 | 3,158,381 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -425,339 | -51,437 | 86,688 | -62,628 | 452,716 |
| Cash flow from operations | -17,000 | -466,000 | -2,653,000 | -991,000 | 544,000 | -438,000 | -921,000 | 1,102,000 | 1,163,135 | 631,696 | 614,812 | 954,992 | -2,799,757 | 2,470,172 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 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 | 0 |
| Group/Directors Accounts | -3,204,000 | 868,000 | 1,270,000 | 715,000 | 12,638,000 | -213,000 | -41,000 | 33,000 | 221,000 | 6,802,858 | 9,116,158 | 8,984 | -32,145 | 32,145 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -422,000 | 422,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -20,302,000 | 2,450,000 | 4,431,000 | 13,421,000 | 0 | -10,956,365 | -287,803 | -285,388 | -1,580,231 | 13,109,787 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -146,523 | -4,655,706 | -556 | -452,214 | 3,887,514 | 1,367,485 |
| share issue | |||||||||||||||
| interest | -804,000 | -576,000 | -455,000 | -454,000 | -452,000 | -1,309,000 | -1,140,000 | -339,000 | 0 | -269,552 | -241,016 | -277,606 | -163,610 | -407,408 | |
| cash flow from financing | -86,000 | 291,000 | -63,000 | -700,000 | 7,953,000 | -1,529,000 | 5,218,000 | 13,016,000 | 8,195,154 | -3,013,829 | -520,391 | -1,047,351 | 2,175,818 | 8,535,594 | |
| cash and cash equivalents | |||||||||||||||
| cash | -60,000 | -5,000 | 174,000 | -739,000 | 173,000 | -146,000 | -114,000 | 2,000 | 887,000 | 1,046,680 | 0 | 0 | 70 | 0 | 2,250 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,643,183 | 5,756,210 | -27,367 | 80,342 | 660,621 | 173,377 |
| change in cash | -60,000 | -5,000 | 174,000 | -739,000 | 173,000 | -146,000 | -114,000 | 2,000 | 887,000 | 7,689,863 | -5,756,210 | 27,367 | -80,272 | -660,621 | -171,127 |
new century (east grinstead) limited Credit Report and Business Information
New Century (east Grinstead) Limited Competitor Analysis
Perform a competitor analysis for new century (east grinstead) limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other mid companies, companies in RM1 area or any other competitors across 12 key performance metrics.
new century (east grinstead) limited Ownership
NEW CENTURY (EAST GRINSTEAD) LIMITED group structure
New Century (East Grinstead) Limited has no subsidiary companies.
Ultimate parent company
HIN JB LTD
#0092082
2 parents
NEW CENTURY (EAST GRINSTEAD) LIMITED
05325981
new century (east grinstead) limited directors
New Century (East Grinstead) Limited currently has 5 directors. The longest serving directors include Mr Gerardus Schipper (Dec 2015) and Mr Jonathan Braidley (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gerardus Schipper | Netherlands | 59 years | Dec 2015 | - | Director |
| Mr Jonathan Braidley | England | 59 years | May 2021 | - | Director |
| Mr Christopher Kula | United Kingdom | 41 years | May 2021 | - | Director |
| Bhriz Holloway | Luxembourg | 35 years | May 2021 | - | Director |
| Bhriz Holloway | Luxembourg | 35 years | May 2021 | - | Director |
P&L
March 2024turnover
5.1m
+2%
operating profit
-280k
-56%
gross margin
84.9%
+1.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-8m
-0.26%
total assets
4.9m
-0.06%
cash
172k
-0.26%
net assets
Total assets minus all liabilities
new century (east grinstead) limited company details
company number
05325981
Type
Private limited with Share Capital
industry
56210 - Event catering activities
incorporation date
January 2005
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
KPMG
address
st james house, 3rd floor, south wing, romford, essex, RM1 3NH
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
new century (east grinstead) 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 12 charges/mortgages relating to new century (east grinstead) limited. Currently there are 6 open charges and 6 have been satisfied in the past.
new century (east grinstead) limited Companies House Filings - See Documents
| date | description | view/download |
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