chartway group limited
chartway group limited Company Information
Company Number
06896161
Next Accounts
2 days late
Shareholders
chartway group holdings ltd
Group Structure
View All
Industry
Development of building projects
+1Registered Address
4 abbey wood road, kings hill, kent, ME19 4AB
Website
www.chartwaygroup.co.ukchartway group limited Estimated Valuation
Pomanda estimates the enterprise value of CHARTWAY GROUP LIMITED at £141.4m based on a Turnover of £157.4m and 0.9x industry multiple (adjusted for size and gross margin).
chartway group limited Estimated Valuation
Pomanda estimates the enterprise value of CHARTWAY GROUP LIMITED at £125.7m based on an EBITDA of £17.4m and a 7.23x industry multiple (adjusted for size and gross margin).
chartway group limited Estimated Valuation
Pomanda estimates the enterprise value of CHARTWAY GROUP LIMITED at £39m based on Net Assets of £27.1m and 1.44x industry multiple (adjusted for liquidity).
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Chartway Group Limited Overview
Chartway Group Limited is a live company located in kent, ME19 4AB with a Companies House number of 06896161. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2009, it's largest shareholder is chartway group holdings ltd with a 100% stake. Chartway Group Limited is a established, mega sized company, Pomanda has estimated its turnover at £157.4m with high growth in recent years.
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Chartway Group Limited Health Check
Pomanda's financial health check has awarded Chartway Group Limited 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 £157.4m, make it larger than the average company (£1.3m)
£157.4m - Chartway Group Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (4.9%)
17% - Chartway Group Limited
4.9% - Industry AVG
Production
with a gross margin of 18.7%, this company has a higher cost of product (23.7%)
18.7% - Chartway Group Limited
23.7% - Industry AVG
Profitability
an operating margin of 10.5% make it more profitable than the average company (6.8%)
10.5% - Chartway Group Limited
6.8% - Industry AVG
Employees
with 267 employees, this is above the industry average (4)
267 - Chartway Group Limited
4 - Industry AVG
Pay Structure
on an average salary of £74.6k, the company has a higher pay structure (£44.7k)
£74.6k - Chartway Group Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £589.6k, this is more efficient (£240.5k)
£589.6k - Chartway Group Limited
£240.5k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is near the average (27 days)
28 days - Chartway Group Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (30 days)
24 days - Chartway Group Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 108 days, this is less than average (203 days)
108 days - Chartway Group Limited
203 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (15 weeks)
10 weeks - Chartway Group Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63%, this is a lower level of debt than the average (71.8%)
63% - Chartway Group Limited
71.8% - Industry AVG
CHARTWAY GROUP LIMITED financials
Chartway Group Limited's latest turnover from May 2023 is £157.4 million and the company has net assets of £27.1 million. According to their latest financial statements, Chartway Group Limited has 267 employees and maintains cash reserves of £9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 157,420,514 | 115,508,466 | 108,661,697 | 98,295,729 | 82,449,179 | 90,124,191 | 68,590,427 | 43,897,804 | 33,562,345 | 21,848,681 | 16,132,520 | 13,795,667 | 5,475,585 | 845,800 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 127,987,270 | 93,631,650 | 88,982,611 | 81,928,656 | 67,421,134 | 76,210,220 | 58,816,829 | 37,108,459 | 28,872,027 | 17,914,367 | 13,814,868 | 12,075,925 | 4,911,039 | 655,370 |
| Gross Profit | 29,433,244 | 21,876,816 | 19,679,086 | 16,367,073 | 15,028,045 | 13,913,971 | 9,773,598 | 6,789,345 | 4,690,318 | 3,934,314 | 2,317,652 | 1,719,742 | 564,546 | 190,430 |
| Admin Expenses | 12,945,345 | 13,265,314 | 10,372,286 | 9,615,485 | 9,278,709 | 7,409,586 | 4,831,264 | 3,889,098 | 2,729,367 | 2,191,007 | 1,517,046 | 1,437,580 | 327,377 | 93,113 |
| Operating Profit | 16,487,899 | 8,611,502 | 9,306,800 | 6,751,588 | 5,749,336 | 6,504,385 | 4,942,334 | 2,900,247 | 1,960,951 | 1,743,307 | 800,606 | 282,162 | 237,169 | 97,317 |
| Interest Payable | 69,219 | 352,159 | 127,136 | 114,723 | 100,207 | 34,371 | 21,605 | 30,661 | 51,138 | 30,017 | 20,784 | 19,446 | 20,625 | 14,988 |
| Interest Receivable | 48,053 | 11,418 | 521 | 44,971 | 9,628 | 2,101 | 981 | 2,967 | 3,183 | 1,114 | 5,662 | 5,021 | 28 | |
| Pre-Tax Profit | 16,466,733 | 8,270,761 | 9,180,185 | 6,681,836 | 5,658,757 | 6,472,115 | 4,921,710 | 2,872,553 | 1,912,996 | 1,714,404 | 785,484 | 267,737 | 216,572 | 82,329 |
| Tax | -678,533 | -2,258,718 | -1,823,467 | -1,339,369 | -1,037,666 | -1,259,677 | -1,004,552 | -594,512 | -416,729 | -435,650 | -195,068 | -67,487 | -45,482 | -17,605 |
| Profit After Tax | 15,788,200 | 6,012,043 | 7,356,718 | 5,342,467 | 4,621,091 | 5,212,438 | 3,917,158 | 2,278,041 | 1,496,267 | 1,278,754 | 590,416 | 200,250 | 171,090 | 64,724 |
| Dividends Paid | 3,550,000 | 2,951,993 | 918,046 | 1,005,000 | 3,907,000 | 252,000 | 2,488,500 | 285,457 | 175,000 | 100,000 | ||||
| Retained Profit | 15,581,870 | 478,051 | 3,433,108 | 3,750,953 | 3,120,556 | 859,611 | 3,265,134 | -692,022 | 946,248 | 1,008,503 | 482,335 | 200,250 | 171,090 | 64,724 |
| Employee Costs | 19,919,357 | 17,209,715 | 13,905,580 | 13,300,128 | 13,103,744 | 10,373,215 | 6,310,855 | 5,198,667 | 3,617,946 | 2,321,194 | 1,560,430 | 1,449,752 | 211,921 | |
| Number Of Employees | 267 | 252 | 223 | 243 | 207 | 174 | 117 | |||||||
| EBITDA* | 17,388,317 | 9,517,875 | 10,203,391 | 7,554,164 | 6,489,633 | 6,859,491 | 5,256,012 | 3,204,171 | 2,236,889 | 1,883,894 | 898,440 | 309,356 | 241,469 | 99,211 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,164,661 | 4,442,512 | 4,645,285 | 3,338,062 | 3,762,262 | 2,228,115 | 1,676,895 | 1,838,878 | 1,807,621 | 1,230,361 | 520,160 | 148,510 | 15,177 | 6,356 |
| Intangible Assets | 923,618 | 1,126,988 | 984,359 | 1,051,657 | 1,242,380 | 210,000 | 280,000 | 350,000 | 420,000 | 595,000 | 630,000 | 665,000 | ||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 5,088,279 | 5,569,500 | 5,629,644 | 4,389,719 | 5,004,642 | 2,438,115 | 1,956,895 | 2,188,878 | 2,227,621 | 1,825,361 | 1,150,160 | 813,510 | 15,177 | 6,356 |
| Stock & work in progress | 37,882,684 | 28,449,261 | 18,513,027 | 21,786,449 | 19,239,992 | 5,688,113 | 3,997,040 | 7,537,039 | 2,509,407 | 821,964 | 101,319 | 1,065,245 | 384,963 | |
| Trade Debtors | 12,131,353 | 14,173,030 | 10,710,997 | 5,996,270 | 9,871,721 | 8,463,148 | 6,671,349 | 4,654,823 | 4,289,489 | 3,648,635 | 1,878,851 | 1,319,114 | 512,120 | 735,614 |
| Group Debtors | 36,625 | 636,390 | 216,644 | 213,153 | 199,150 | 199,150 | ||||||||
| Misc Debtors | 9,025,989 | 6,309,710 | 4,341,273 | 5,351,439 | 5,296,317 | 5,039,279 | 4,038,925 | 2,655,340 | 1,805,487 | 119,496 | 153,987 | 94,435 | 48,022 | 11,592 |
| Cash | 9,027,818 | 16,313,996 | 19,423,380 | 4,150,916 | 6,294,618 | 7,301,765 | 6,929,012 | 2,172,416 | 3,040,455 | 1,338,091 | 1,452,910 | 1,458,983 | 446,584 | 440 |
| misc current assets | ||||||||||||||
| total current assets | 68,104,469 | 65,882,387 | 53,205,321 | 37,498,227 | 40,901,798 | 26,691,455 | 21,636,326 | 17,019,618 | 11,644,838 | 5,928,186 | 3,587,067 | 3,937,777 | 1,391,689 | 747,646 |
| total assets | 73,192,748 | 71,451,887 | 58,834,965 | 41,887,946 | 45,906,440 | 29,129,570 | 23,593,221 | 19,208,496 | 13,872,459 | 7,753,547 | 4,737,227 | 4,751,287 | 1,406,866 | 754,002 |
| Bank overdraft | 45,638 | 45,072 | ||||||||||||
| Bank loan | 4,387,908 | 1,749,080 | 1,187,139 | 1,439,610 | 706,694 | 936,595 | 2,363,808 | 862,573 | ||||||
| Trade Creditors | 8,544,097 | 16,436,833 | 12,446,920 | 5,051,495 | 12,957,033 | 6,994,742 | 6,754,999 | 6,288,034 | 4,700,092 | 1,430,833 | 1,004,433 | 719,825 | 427,862 | 108,563 |
| Group/Directors Accounts | 19,225,371 | 64,562 | ||||||||||||
| other short term finances | 556,000 | 700,000 | 700,000 | |||||||||||
| hp & lease commitments | 309,398 | 449,746 | 620,025 | 429,832 | 387,077 | 109,529 | 40,957 | 88,109 | 84,633 | 47,412 | 27,775 | 47,753 | ||
| other current liabilities | 16,113,078 | 24,391,771 | 20,228,478 | 16,590,525 | 13,424,560 | 12,869,652 | 8,612,605 | 6,908,769 | 3,957,749 | 3,557,968 | 2,171,454 | 2,322,113 | 122,155 | 32,957 |
| total current liabilities | 44,191,944 | 45,666,258 | 35,600,503 | 23,958,991 | 28,908,280 | 20,680,617 | 16,345,156 | 15,648,720 | 9,605,047 | 5,081,851 | 3,203,662 | 3,089,691 | 550,017 | 251,154 |
| loans | 1,325,527 | 2,358,941 | 1,678,806 | 5,044,184 | 390,832 | 463,463 | 381,751 | 433,670 | 486,628 | 355,562 | 216,000 | 35,789 | ||
| hp & lease commitments | 126,887 | 289,845 | 443,737 | 403,113 | 513,728 | 315,268 | 64,858 | 105,815 | 91,235 | 80,756 | 81,686 | 12,457 | ||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 489,150 | 834,150 | 400,000 | 400,000 | ||||||||||
| provisions | 1,821,200 | 2,667,352 | 435,513 | 237,008 | 248,056 | 178,723 | 163,331 | 183,235 | 200,265 | 71,778 | 33,948 | 21,362 | 3,035 | 1,335 |
| total long term liabilities | 1,948,087 | 4,282,724 | 3,238,191 | 2,318,927 | 5,805,968 | 884,823 | 691,652 | 670,801 | 725,170 | 639,162 | 604,784 | 1,223,531 | 619,035 | 437,124 |
| total liabilities | 46,140,031 | 49,948,982 | 38,838,694 | 26,277,918 | 34,714,248 | 21,565,440 | 17,036,808 | 16,319,521 | 10,330,217 | 5,721,013 | 3,808,446 | 4,313,222 | 1,169,052 | 688,278 |
| net assets | 27,052,717 | 17,147,862 | 16,925,220 | 13,510,594 | 9,766,226 | 6,634,525 | 5,772,634 | 2,505,220 | 3,190,050 | 1,928,902 | 920,400 | 438,065 | 237,814 | 65,724 |
| total shareholders funds | 27,052,717 | 17,147,862 | 16,925,220 | 13,510,594 | 9,766,226 | 6,634,525 | 5,772,634 | 2,505,220 | 3,190,050 | 1,928,902 | 920,400 | 438,065 | 237,814 | 65,724 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 16,487,899 | 8,611,502 | 9,306,800 | 6,751,588 | 5,749,336 | 6,504,385 | 4,942,334 | 2,900,247 | 1,960,951 | 1,743,307 | 800,606 | 282,162 | 237,169 | 97,317 |
| Depreciation | 656,239 | 724,168 | 690,229 | 611,853 | 565,450 | 285,106 | 243,678 | 233,924 | 205,938 | 105,587 | 62,834 | 27,194 | 4,300 | 1,894 |
| Amortisation | 244,179 | 182,205 | 206,362 | 190,723 | 174,847 | 70,000 | 70,000 | 70,000 | 70,000 | 35,000 | 35,000 | |||
| Tax | -678,533 | -2,258,718 | -1,823,467 | -1,339,369 | -1,037,666 | -1,259,677 | -1,004,552 | -594,512 | -416,729 | -435,650 | -195,068 | -67,487 | -45,482 | -17,605 |
| Stock | 9,433,423 | 9,936,234 | -3,273,422 | 2,546,457 | 13,551,879 | 1,691,073 | -3,539,999 | 5,027,632 | 1,687,443 | 720,645 | -963,926 | 680,282 | 384,963 | |
| Debtors | 74,837 | 5,850,216 | 3,708,052 | -3,806,326 | 1,665,611 | 2,991,303 | 3,400,111 | 1,215,187 | 2,326,845 | 1,735,293 | 619,289 | 853,407 | -187,064 | 747,206 |
| Creditors | -7,892,736 | 3,989,913 | 7,395,425 | -7,905,538 | 5,962,291 | 239,743 | 466,965 | 1,587,942 | 3,269,259 | 426,400 | 284,608 | 291,963 | 319,299 | 108,563 |
| Accruals and Deferred Income | -8,278,693 | 4,163,293 | 3,637,953 | 3,165,965 | 554,908 | 4,257,047 | 1,703,836 | 2,951,020 | 399,781 | 1,386,514 | -150,659 | 2,199,958 | 89,198 | 32,957 |
| Deferred Taxes & Provisions | -846,152 | 2,231,839 | 198,505 | -11,048 | 69,333 | 15,392 | -19,904 | -17,030 | 128,487 | 37,830 | 12,586 | 18,327 | 1,700 | 1,335 |
| Cash flow from operations | -9,816,057 | 1,857,752 | 19,177,177 | 2,724,043 | -3,178,991 | 5,429,620 | 6,542,245 | 888,772 | 1,603,399 | 843,050 | 1,194,544 | 1,218,428 | 408,285 | -522,745 |
| Investing Activities | ||||||||||||||
| capital expenditure | -416,996 | -72,178 | -140,051 | -133,339 | -1,005,593 | -434,196 | -41,890 | -13,122 | ||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | -416,996 | -72,178 | -140,051 | -133,339 | -1,005,593 | -434,196 | -41,890 | -13,122 | ||||||
| Financing Activities | ||||||||||||||
| Bank loans | -4,387,908 | 2,638,828 | 561,941 | -252,471 | 732,916 | -229,901 | -1,427,213 | 1,501,235 | 862,573 | |||||
| Group/Directors Accounts | 19,225,371 | -64,562 | 64,562 | |||||||||||
| Other Short Term Loans | -556,000 | -144,000 | 700,000 | |||||||||||
| Long term loans | -1,325,527 | -1,033,414 | 680,135 | -3,365,378 | 4,653,352 | -72,631 | 81,712 | -51,919 | -52,958 | 486,628 | -355,562 | 139,562 | 180,211 | 35,789 |
| Hire Purchase and Lease Commitments | -303,306 | -324,171 | 230,817 | -67,860 | 476,008 | 318,982 | -88,109 | 18,056 | 47,700 | 18,707 | 49,251 | 60,210 | ||
| other long term liabilities | -489,150 | -345,000 | 434,150 | 400,000 | ||||||||||
| share issue | ||||||||||||||
| interest | -21,166 | -340,741 | -126,615 | -69,752 | -90,579 | -32,270 | -20,624 | -27,694 | -47,955 | -28,903 | -15,122 | -14,425 | -20,597 | -14,988 |
| cash flow from financing | 7,510,449 | 129,093 | 1,183,796 | -3,762,046 | 6,482,842 | -13,540 | -1,451,954 | 1,446,870 | 1,124,260 | -12,719 | -666,433 | 619,498 | 96,052 | 486,363 |
| cash and cash equivalents | ||||||||||||||
| cash | -7,286,178 | -3,109,384 | 15,272,464 | -2,143,702 | -1,007,147 | 372,753 | 4,756,596 | -868,039 | 1,702,364 | -114,819 | -6,073 | 1,012,399 | 446,144 | 440 |
| overdraft | -45,638 | 45,638 | -45,072 | 45,072 | ||||||||||
| change in cash | -7,286,178 | -3,109,384 | 15,272,464 | -2,143,702 | -1,007,147 | 372,753 | 4,756,596 | -868,039 | 1,748,002 | -160,457 | -6,073 | 1,012,399 | 491,216 | -44,632 |
chartway group limited Credit Report and Business Information
Chartway Group Limited Competitor Analysis
Perform a competitor analysis for chartway group limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mega companies, companies in ME19 area or any other competitors across 12 key performance metrics.
chartway group limited Ownership
CHARTWAY GROUP LIMITED group structure
Chartway Group Limited has 9 subsidiary companies.
Ultimate parent company
2 parents
CHARTWAY GROUP LIMITED
06896161
9 subsidiaries
chartway group limited directors
Chartway Group Limited currently has 7 directors. The longest serving directors include Mr Steve Cresswell (Jun 2022) and Mr Thomas Onslow (Jun 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steve Cresswell | England | 50 years | Jun 2022 | - | Director |
| Mr Thomas Onslow | England | 36 years | Jun 2022 | - | Director |
| Mr Keith Maddin | England | 62 years | Jun 2022 | - | Director |
| Mr Clive Fuller | England | 50 years | Mar 2023 | - | Director |
| Mr Gavin Hunt | England | 45 years | Mar 2023 | - | Director |
| Mr Oliver Jolley | England | 34 years | Oct 2023 | - | Director |
| Mr Graham Chivers | England | 44 years | Mar 2024 | - | Director |
P&L
May 2023turnover
157.4m
+36%
operating profit
16.5m
+91%
gross margin
18.7%
-1.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
27.1m
+0.58%
total assets
73.2m
+0.02%
cash
9m
-0.45%
net assets
Total assets minus all liabilities
chartway group limited company details
company number
06896161
Type
Private limited with Share Capital
industry
41100 - Development of building projects
41202 - Construction of domestic buildings
incorporation date
May 2009
age
16
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
CROWE U.K. LLP
address
4 abbey wood road, kings hill, kent, ME19 4AB
Bank
-
Legal Advisor
-
chartway group 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 38 charges/mortgages relating to chartway group limited. Currently there are 4 open charges and 34 have been satisfied in the past.
chartway group limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for CHARTWAY GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
chartway group limited Companies House Filings - See Documents
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