cadent finance plc
cadent finance plc Company Information
Company Number
05895068
Website
https://www.nationalgrid.comRegistered Address
cadent, pilot way, ansty, coventry, CV7 9JU
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
cadent gas limited 100%
cadent finance plc Estimated Valuation
Pomanda estimates the enterprise value of CADENT FINANCE PLC at £99.3m based on a Turnover of £167.2m and 0.59x industry multiple (adjusted for size and gross margin).
cadent finance plc Estimated Valuation
Pomanda estimates the enterprise value of CADENT FINANCE PLC at £3b based on an EBITDA of £659.6m and a 4.5x industry multiple (adjusted for size and gross margin).
cadent finance plc Estimated Valuation
Pomanda estimates the enterprise value of CADENT FINANCE PLC at £0 based on Net Assets of £-10.4m and 2.31x industry multiple (adjusted for liquidity).
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Cadent Finance Plc Overview
Cadent Finance Plc is a live company located in coventry, CV7 9JU with a Companies House number of 05895068. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in August 2006, it's largest shareholder is cadent gas limited with a 100% stake. Cadent Finance Plc is a established, mega sized company, Pomanda has estimated its turnover at £167.2m with healthy growth in recent years.
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Cadent Finance Plc Health Check
Pomanda's financial health check has awarded Cadent Finance Plc a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
1 Weak
Size
annual sales of £167.2m, make it larger than the average company (£3m)
£167.2m - Cadent Finance Plc
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4%)
8% - Cadent Finance Plc
4% - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - Cadent Finance Plc
- - Industry AVG
Profitability
an operating margin of 394.5% make it more profitable than the average company (6.5%)
394.5% - Cadent Finance Plc
6.5% - Industry AVG
Employees
with 1223 employees, this is above the industry average (20)
- Cadent Finance Plc
20 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Cadent Finance Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £136.7k, this is equally as efficient (£136.7k)
- Cadent Finance Plc
£136.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Cadent Finance Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Cadent Finance Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cadent Finance Plc
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Cadent Finance Plc
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.2%, this is a higher level of debt than the average (60%)
100.2% - Cadent Finance Plc
60% - Industry AVG
cadent finance plc Credit Report and Business Information
Cadent Finance Plc Competitor Analysis
Perform a competitor analysis for cadent finance plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cadent finance plc Ownership
CADENT FINANCE PLC group structure
Cadent Finance Plc has no subsidiary companies.
Ultimate parent company
QUADGAS HOLDINGS TOPCO LTD
#0111449
2 parents
CADENT FINANCE PLC
05895068
cadent finance plc directors
Cadent Finance Plc currently has 2 directors. The longest serving directors include Mr Mark Braithwaite (Nov 2018) and Mr Anthony Bickerstaff (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Braithwaite | England | 58 years | Nov 2018 | - | Director |
| Mr Anthony Bickerstaff | England | 59 years | Feb 2022 | - | Director |
CADENT FINANCE PLC financials
Cadent Finance Plc's latest turnover from March 2023 is £167.2 million and the company has net assets of -£10.4 million. According to their latest financial statements, we estimate that Cadent Finance Plc has 1,223 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 167,184,000 | 142,726,000 | 123,210,000 | 131,706,000 | 106,044,000 | 0 | 0 | 0 | 0 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 167,184,000 | 142,726,000 | 123,210,000 | 131,706,000 | 106,044,000 | 0 | 0 | 0 | 0 | ||||||
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Admin Expenses | 0 | 0 | 0 | 0 | |||||||||||
| Operating Profit | 0 | 0 | 0 | 0 | |||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 105,660,000 | 49,483,000 | 2,124,000 | 0 | ||||||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 105,660,000 | 49,483,000 | 2,124,000 | 0 | ||||||
| Pre-Tax Profit | -6,363,000 | -1,695,000 | 1,880,000 | -1,433,000 | -1,227,000 | 0 | -30,000 | -30,000 | 0 | ||||||
| Tax | 0 | 0 | -5,000 | 0 | 0 | 0 | 6,000 | 6,000 | 0 | ||||||
| Profit After Tax | -6,363,000 | -1,695,000 | 1,875,000 | -1,433,000 | -1,227,000 | 0 | -24,000 | -24,000 | 0 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | -6,363,000 | -1,695,000 | 1,875,000 | -1,433,000 | -1,227,000 | 0 | -24,000 | -24,000 | 0 | ||||||
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Number Of Employees | |||||||||||||||
| EBITDA* | 0 | 0 | 0 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 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 | 0 |
| Investments & Other | 189,202,000 | 176,360,000 | 48,306,000 | 53,409,000 | 10,956,000 | 12,800,000 | 10,682,000 | 10,682,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 6,559,301,000 | 5,972,518,000 | 5,951,319,000 | 5,727,384,000 | 5,355,496,000 | 4,607,109,000 | 4,273,528,000 | 4,273,528,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,748,503,000 | 6,148,878,000 | 5,999,625,000 | 5,780,793,000 | 5,366,452,000 | 4,619,909,000 | 4,284,210,000 | 4,284,210,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 42,911,000 | 39,636,000 | 290,193,000 | 41,003,000 | 39,728,000 | 38,793,000 | 38,146,000 | 38,146,000 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 1,841,000 | 1,779,000 | 1,779,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 42,911,000 | 39,636,000 | 290,193,000 | 41,003,000 | 39,728,000 | 40,634,000 | 39,925,000 | 39,925,000 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 6,791,414,000 | 6,188,514,000 | 6,289,818,000 | 5,821,796,000 | 5,406,180,000 | 4,660,543,000 | 4,324,135,000 | 4,324,135,000 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 42,911,000 | 39,636,000 | 290,193,000 | 40,945,000 | 39,672,000 | 40,578,000 | 39,869,000 | 38,090,000 | 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 | 0 | 0 | 0 | 31,000 | 30,000 | 30,000 | 30,000 | 1,809,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 42,911,000 | 39,636,000 | 290,193,000 | 40,976,000 | 39,702,000 | 40,608,000 | 39,899,000 | 39,899,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 6,758,900,000 | 6,152,912,000 | 6,001,964,000 | 5,785,034,000 | 5,369,259,000 | 4,619,909,000 | 4,284,210,000 | 4,273,528,000 | 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 |
| 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 | 10,682,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 6,758,900,000 | 6,152,912,000 | 6,001,964,000 | 5,785,034,000 | 5,369,259,000 | 4,619,909,000 | 4,284,210,000 | 4,284,210,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 6,801,811,000 | 6,192,548,000 | 6,292,157,000 | 5,826,010,000 | 5,408,961,000 | 4,660,517,000 | 4,324,109,000 | 4,324,109,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | -10,397,000 | -4,034,000 | -2,339,000 | -4,214,000 | -2,781,000 | 26,000 | 26,000 | 26,000 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | -10,397,000 | -4,034,000 | -2,339,000 | -4,214,000 | -2,781,000 | 26,000 | 26,000 | 26,000 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2017 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 0 | 0 | 0 | 0 | |||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Tax | 0 | 0 | -5,000 | 0 | 0 | 0 | 6,000 | 6,000 | 0 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 590,058,000 | -229,358,000 | 473,125,000 | 373,163,000 | 749,322,000 | 334,228,000 | 4,311,624,000 | 4,311,624,000 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | -31,000 | 1,000 | 0 | 0 | 30,000 | 1,809,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -334,228,000 | -4,311,588,000 | -4,309,809,000 | -50,000 | |||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 12,842,000 | 128,054,000 | -5,103,000 | 42,453,000 | -1,844,000 | 2,118,000 | 10,682,000 | 10,682,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 3,275,000 | -250,557,000 | 249,248,000 | 1,273,000 | -906,000 | 709,000 | 39,869,000 | 38,090,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 605,988,000 | 150,948,000 | 216,930,000 | 415,775,000 | 749,350,000 | 335,699,000 | 4,284,210,000 | 4,273,528,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 10,682,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| cash flow from financing | 609,263,000 | -99,609,000 | 466,178,000 | 417,048,000 | 746,864,000 | 336,408,000 | 4,324,079,000 | 4,322,300,000 | 50,000 | ||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
P&L
March 2023turnover
167.2m
+17%
operating profit
659.6m
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-10.4m
+1.58%
total assets
6.8b
+0.1%
cash
0
0%
net assets
Total assets minus all liabilities
cadent finance plc company details
company number
05895068
Type
Public limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
August 2006
age
18
accounts
Full Accounts
ultimate parent company
previous names
national grid gas finance plc (May 2017)
national grid gas finance (no 1) plc (June 2016)
incorporated
UK
address
cadent, pilot way, ansty, coventry, CV7 9JU
last accounts submitted
March 2023
cadent finance plc 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 did not find charges/mortgages relating to cadent finance plc.
cadent finance plc Companies House Filings - See Documents
| date | description | view/download |
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