cityheart limited
cityheart limited Company Information
Company Number
05609443
Website
www.cityheart.co.ukRegistered Address
2 hilliards court, chester business park, chester, cheshire, CH4 9QP
Industry
Other business support service activities n.e.c.
Telephone
01244343343
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
lote tree uk investments limited 100%
william mark mcnamee 0%
View Allcityheart limited Estimated Valuation
Pomanda estimates the enterprise value of CITYHEART LIMITED at £6.6m based on a Turnover of £17.9m and 0.37x industry multiple (adjusted for size and gross margin).
cityheart limited Estimated Valuation
Pomanda estimates the enterprise value of CITYHEART LIMITED at £0 based on an EBITDA of £-2.6m and a 2.81x industry multiple (adjusted for size and gross margin).
cityheart limited Estimated Valuation
Pomanda estimates the enterprise value of CITYHEART LIMITED at £35.9m based on Net Assets of £14m and 2.57x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Cityheart Limited Overview
Cityheart Limited is a live company located in chester, CH4 9QP with a Companies House number of 05609443. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 2005, it's largest shareholder is lote tree uk investments limited with a 99.9% stake. Cityheart Limited is a established, mid sized company, Pomanda has estimated its turnover at £17.9m with rapid growth in recent years.
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Cityheart Limited Health Check
Pomanda's financial health check has awarded Cityheart Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £17.9m, make it larger than the average company (£4.5m)
£17.9m - Cityheart Limited
£4.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 86%, show it is growing at a faster rate (6.4%)
86% - Cityheart Limited
6.4% - Industry AVG
Production
with a gross margin of -3%, this company has a higher cost of product (37.8%)
-3% - Cityheart Limited
37.8% - Industry AVG
Profitability
an operating margin of -14.4% make it less profitable than the average company (5.7%)
-14.4% - Cityheart Limited
5.7% - Industry AVG
Employees
with 9 employees, this is below the industry average (26)
9 - Cityheart Limited
26 - Industry AVG
Pay Structure
on an average salary of £175.8k, the company has a higher pay structure (£52.8k)
£175.8k - Cityheart Limited
£52.8k - Industry AVG
Efficiency
resulting in sales per employee of £2m, this is more efficient (£167.6k)
£2m - Cityheart Limited
£167.6k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (41 days)
6 days - Cityheart Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is close to average (31 days)
31 days - Cityheart Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cityheart Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (23 weeks)
40 weeks - Cityheart Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22.3%, this is a lower level of debt than the average (62%)
22.3% - Cityheart Limited
62% - Industry AVG
CITYHEART LIMITED financials
Cityheart Limited's latest turnover from December 2023 is £17.9 million and the company has net assets of £14 million. According to their latest financial statements, Cityheart Limited has 9 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 17,873,183 | 22,049,843 | 13,101,438 | 2,773,542 | 1,407,828 | 15,638,250 | 23,611,054 | 32,456,252 | 35,620,698 | 19,874,776 | 14,937,852 | 25,256,329 | 6,133,518 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 18,401,561 | 20,648,440 | 12,427,026 | 2,456,887 | 824,394 | 14,314,576 | 21,870,987 | 30,047,438 | 18,851,144 | 13,639,976 | 24,552,256 | 5,849,721 | |||
| Gross Profit | -528,378 | 1,401,403 | 674,412 | 316,655 | 583,434 | 1,323,674 | 1,740,067 | 2,408,814 | 1,023,632 | 1,297,876 | 704,073 | 283,797 | |||
| Admin Expenses | 2,040,693 | 1,724,249 | 529,669 | 176,859 | 226,746 | 281,482 | 269,344 | 290,697 | 230,010 | 260,938 | 237,290 | 205,719 | |||
| Operating Profit | -2,569,071 | -322,846 | 144,743 | 139,796 | 356,688 | 1,042,192 | 1,470,723 | 2,118,117 | 993,063 | 793,622 | 1,036,938 | 466,783 | 78,078 | ||
| Interest Payable | 64 | 14,107 | 112,208 | 87,102 | 12,142 | 30,639 | 5,450 | 1,172 | 821 | 0 | 17 | ||||
| Interest Receivable | 10,565 | 96,436 | 62,670 | 512 | 4,083 | 864 | 7,077 | 95,595 | 33,127 | 12,062 | 0 | 74 | 496 | ||
| Pre-Tax Profit | -2,503,361 | -184,267 | 166,519 | 99,237 | 382,552 | 1,012,417 | 1,472,350 | 2,280,098 | 1,025,369 | 805,684 | 1,036,938 | 466,857 | 78,557 | ||
| Tax | -1,478 | 116 | -21,436 | -22,750 | -81,474 | -193,071 | -259,689 | -443,894 | -209,809 | -172,983 | -239,261 | -103,492 | -17,153 | ||
| Profit After Tax | -2,504,839 | -184,151 | 145,083 | 76,487 | 301,078 | 819,346 | 1,212,661 | 1,836,204 | 815,560 | 632,701 | 797,677 | 363,365 | 61,404 | ||
| Dividends Paid | 140,601 | 237,708 | 550,000 | 332,000 | 515,000 | 225,000 | 165,000 | 375,000 | 830,000 | 530,000 | 210,000 | 153,000 | 0 | ||
| Retained Profit | -2,645,440 | -421,859 | -404,917 | -255,513 | -213,922 | 594,346 | 1,047,661 | 1,461,204 | -14,440 | 102,701 | 587,677 | 210,365 | 61,404 | ||
| Employee Costs | 1,582,164 | 886,517 | 327,431 | 191,020 | 191,167 | 52,392 | 50,362 | 46,326 | 45,123 | 46,138 | 39,240 | 37,773 | |||
| Number Of Employees | 9 | 6 | 7 | 5 | 4 | 4 | 3 | 3 | 2 | 2 | 2 | 2 | |||
| EBITDA* | -2,565,211 | -318,784 | 149,742 | 142,801 | 360,009 | 1,053,457 | 1,480,641 | 2,123,136 | 995,198 | 795,763 | 1,039,099 | 469,458 | 81,113 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 16,847 | 10,934 | 14,996 | 9,018 | 12,023 | 23,538 | 33,256 | 28,732 | 6,406 | 6,421 | 6,482 | 8,028 | 9,102 | 3,565 | 4,535 |
| Intangible Assets | 2,875 | 2,875 | 2,875 | 2,875 | 2,875 | 2,875 | 2,875 | 2,875 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 157,895 | 157,895 | 258,831 | 300,002 | 300,001 | 300,052 | 300,052 | 300,352 | 352 | 52 | 51 | 51 | 51 | 51 | 51 |
| Debtors (Due After 1 year) | 767,057 | 1,005,458 | 651,408 | 268,961 | 268,961 | 572,978 | 490,984 | 360,056 | 1,039,772 | 709,748 | 535,643 | 486,895 | 85,372 | 0 | 0 |
| Total Fixed Assets | 944,674 | 1,177,162 | 928,110 | 580,856 | 583,860 | 899,443 | 827,167 | 692,015 | 1,046,530 | 716,221 | 542,176 | 494,974 | 94,525 | 3,616 | 4,586 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 72,681 |
| Trade Debtors | 334,691 | 6,834,256 | 2,998,023 | 3,113,867 | 1,791,283 | 1,953,243 | 1,165,782 | 2,136,047 | 1,994,335 | 4,134,629 | 6,149,543 | 4,964,823 | 1,421,764 | 936,173 | 616,054 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 14,182,294 | 6,283,284 | 5,424,252 | 2,089,885 | 3,332,415 | 2,195,172 | 4,806,223 | 2,332,960 | 3,756,577 | 2,855,560 | 511,916 | 417,966 | 313,644 | 0 | 0 |
| Cash | 2,568,439 | 517,818 | 1,127,137 | 246,911 | 271,350 | 3,234,112 | 2,143,123 | 834,479 | 23,400,750 | 2,844,625 | 702,298 | 68,262 | 202,025 | 173,792 | 256,794 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 17,085,424 | 13,635,358 | 9,549,412 | 5,450,663 | 5,395,048 | 7,382,527 | 8,115,128 | 5,303,486 | 29,151,662 | 9,834,814 | 7,363,757 | 5,451,051 | 1,937,433 | 1,109,965 | 945,529 |
| total assets | 18,030,098 | 14,812,520 | 10,477,522 | 6,031,519 | 5,978,908 | 8,281,970 | 8,942,295 | 5,995,501 | 30,198,192 | 10,551,035 | 7,905,933 | 5,946,025 | 2,031,958 | 1,113,581 | 950,115 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,605,319 | 2,034,668 | 3,054,209 | 1,282,553 | 475,016 | 966,168 | 750,713 | 1,190,662 | 4,166,148 | 2,403,970 | 3,530,615 | 3,644,018 | 197,657 | 888,819 | 574,938 |
| Group/Directors Accounts | 1,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 27,217 | 205,094 | 5,272 | 7,517 | 2,112 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 339,255 | 502,614 | 0 | 0 | 0 | 0 | 0 | 2,927,328 | 2,498,520 | 1,234,770 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 12,131 | 6,502 | 5,663 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 229,871 | 1,973,465 | 2,694,479 | 120,236 | 905,078 | 2,520,357 | 4,064,128 | 1,894,041 | 23,885,111 | 3,587,984 | 369,522 | 220,592 | 1,601,550 | 0 | 0 |
| total current liabilities | 3,335,190 | 4,008,133 | 6,087,943 | 1,905,403 | 1,380,094 | 3,498,656 | 4,821,343 | 3,117,583 | 28,256,353 | 8,924,554 | 6,406,174 | 5,101,492 | 1,799,207 | 888,819 | 574,938 |
| loans | 0 | 0 | 422,132 | 189,386 | 406,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 12,131 | 18,633 | 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 | 678,664 | 1,011,928 | 703,460 | 268,961 | 268,961 | 643,352 | 561,358 | 360,056 | 908,466 | 578,442 | 554,723 | 486,895 | 85,372 | 0 | 0 |
| provisions | 4,211 | 2,733 | 2,849 | 1,714 | 2,285 | 4,472 | 6,319 | 5,746 | 1,094 | 1,320 | 1,018 | 1,297 | 1,403 | 191 | 267 |
| total long term liabilities | 682,875 | 1,014,661 | 1,128,441 | 460,061 | 677,246 | 647,824 | 579,808 | 384,435 | 909,560 | 579,762 | 555,741 | 488,192 | 86,775 | 191 | 267 |
| total liabilities | 4,018,065 | 5,022,794 | 7,216,384 | 2,365,464 | 2,057,340 | 4,146,480 | 5,401,151 | 3,502,018 | 29,165,913 | 9,504,316 | 6,961,915 | 5,589,684 | 1,885,982 | 889,010 | 575,205 |
| net assets | 14,012,033 | 9,789,726 | 3,261,138 | 3,666,055 | 3,921,568 | 4,135,490 | 3,541,144 | 2,493,483 | 1,032,279 | 1,046,719 | 944,018 | 356,341 | 145,976 | 224,571 | 374,910 |
| total shareholders funds | 14,012,033 | 9,789,726 | 3,261,138 | 3,666,055 | 3,921,568 | 4,135,490 | 3,541,144 | 2,493,483 | 1,032,279 | 1,046,719 | 944,018 | 356,341 | 145,976 | 224,571 | 374,910 |
| Dec 2023 | Dec 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -2,569,071 | -322,846 | 144,743 | 139,796 | 356,688 | 1,042,192 | 1,470,723 | 2,118,117 | 993,063 | 793,622 | 1,036,938 | 466,783 | 78,078 | ||
| Depreciation | 3,860 | 4,062 | 4,999 | 3,005 | 3,321 | 11,265 | 9,918 | 5,019 | 2,135 | 2,141 | 2,161 | 2,675 | 3,035 | 1,187 | 1,511 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,478 | 116 | -21,436 | -22,750 | -81,474 | -193,071 | -259,689 | -443,894 | -209,809 | -172,983 | -239,261 | -103,492 | -17,153 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -72,681 | 72,681 |
| Debtors | 1,161,044 | 5,049,315 | 3,600,970 | 80,054 | 671,266 | -1,741,596 | 1,633,926 | -1,961,621 | -909,253 | 502,835 | 1,327,418 | 4,048,904 | 884,607 | 320,119 | 616,054 |
| Creditors | -429,349 | -1,019,541 | 1,771,656 | 807,537 | -491,152 | 215,455 | -439,949 | -2,975,486 | 1,762,178 | -1,126,645 | -113,403 | 3,446,361 | -691,162 | 313,881 | 574,938 |
| Accruals and Deferred Income | -1,743,594 | -721,014 | 2,574,243 | -784,842 | -1,615,279 | -1,543,771 | 2,170,087 | -21,991,070 | 20,297,127 | 3,218,462 | 148,930 | -1,380,958 | 1,601,550 | 0 | 0 |
| Deferred Taxes & Provisions | 1,478 | -116 | 1,135 | -571 | -2,187 | -1,847 | 573 | 4,652 | -226 | 302 | -279 | -106 | 1,212 | -76 | 267 |
| Cash flow from operations | -5,899,198 | -7,108,654 | 874,370 | 62,121 | -2,501,349 | 1,271,819 | 1,317,737 | -21,321,041 | 23,753,721 | 2,212,064 | -492,332 | -1,617,641 | 90,953 | ||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -1,547 | -14,442 | -263,835 | -2,420 | -2,081 | -615 | -1,601 | |||
| Change in Investments | 0 | -100,936 | -41,171 | 1 | -51 | 0 | -300 | 300,000 | 300 | 1 | 0 | 0 | 0 | 0 | 51 |
| cash flow from investments | 0 | 100,936 | 41,171 | -1 | 51 | -1,547 | -14,142 | -563,835 | -2,720 | -2,082 | -615 | -1,601 | |||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,500,000 | 0 | 0 | 0 | 0 | 0 | -27,217 | -177,877 | 199,822 | -2,245 | 5,405 | 2,112 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -339,255 | -163,359 | 502,614 | 0 | 0 | 0 | 0 | -2,927,328 | 428,808 | 1,263,750 | 1,234,770 | 0 | 0 | 0 |
| Long term loans | 0 | -422,132 | 232,746 | -216,614 | 406,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -12,131 | -6,502 | -5,663 | 24,296 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -333,264 | 308,468 | 434,499 | 0 | -374,391 | 81,994 | 201,302 | -548,410 | 330,024 | 23,719 | 67,828 | 401,523 | 85,372 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 10,501 | 82,329 | -49,538 | -86,590 | -8,059 | -29,775 | 1,627 | 94,423 | 32,306 | 12,062 | 479 | ||||
| cash flow from financing | 8,044,984 | 6,579,857 | 454,348 | 199,410 | 11,419 | 45,717 | 170,049 | -607,568 | -2,365,176 | 462,344 | -54,148 | ||||
| cash and cash equivalents | |||||||||||||||
| cash | 2,050,621 | -609,319 | 880,226 | -24,439 | -2,962,762 | 1,090,989 | 1,308,644 | -22,566,271 | 20,556,125 | 2,142,327 | 634,036 | -133,763 | 28,233 | -83,002 | 256,794 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,050,621 | -609,319 | 880,226 | -24,439 | -2,962,762 | 1,090,989 | 1,308,644 | -22,566,271 | 20,556,125 | 2,142,327 | 634,036 | -133,763 | 28,233 | -83,002 | 256,794 |
cityheart limited Credit Report and Business Information
Cityheart Limited Competitor Analysis
Perform a competitor analysis for cityheart limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in CH4 area or any other competitors across 12 key performance metrics.
cityheart limited Ownership
CITYHEART LIMITED group structure
Cityheart Limited has 8 subsidiary companies.
Ultimate parent company
CITYHEART LIMITED
05609443
8 subsidiaries
cityheart limited directors
Cityheart Limited currently has 4 directors. The longest serving directors include Mr William McNamee (Nov 2005) and Mr Warren Taylor (Jul 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William McNamee | United Kingdom | 64 years | Nov 2005 | - | Director |
| Mr Warren Taylor | United Kingdom | 52 years | Jul 2020 | - | Director |
| Mr Asif Abbas | England | 37 years | Nov 2023 | - | Director |
| Mr Jonathan Wrigley | United Kingdom | 53 years | Nov 2023 | - | Director |
P&L
December 2023turnover
17.9m
-19%
operating profit
-2.6m
+696%
gross margin
-2.9%
-146.51%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
14m
+0.43%
total assets
18m
+0.22%
cash
2.6m
+3.96%
net assets
Total assets minus all liabilities
Similar Companies
cityheart limited company details
company number
05609443
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
November 2005
age
19
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
HAINES WATTS CHESTER
address
2 hilliards court, chester business park, chester, cheshire, CH4 9QP
Bank
-
Legal Advisor
-
cityheart 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 cityheart limited. Currently there are 0 open charges and 13 have been satisfied in the past.
cityheart limited Companies House Filings - See Documents
| date | description | view/download |
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