Heartwood Inns Limited

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heartwood inns limited Company Information

Live

EstablishedLargeHealthy

Company Number

07118269

Website

http://www.heartwoodinns.com

Registered Address

ground floor, cairns house, 10 station road, teddington, TW11 9AA

Industry

Public houses and bars

Licensed restaurants

Telephone

02031662727

Next Accounts Due

March 2025

Group Structure

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Directors

Mark Derry14 Years

Helen Melvin12 Years

View All

Shareholders

heartwood collection limited 100%

heartwood inns limited Estimated Valuation

£42.9m

Pomanda estimates the enterprise value of HEARTWOOD INNS LIMITED at £42.9m based on a Turnover of £34m and 1.26x industry multiple (adjusted for size and gross margin).

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Heartwood Inns Limited is a live company located in teddington, TW11 9AA with a Companies House number of 07118269. It operates in the licenced restaurants sector, SIC Code 56101. Founded in January 2010, it's largest shareholder is heartwood collection limited with a 100% stake. Heartwood Inns Limited is a established, large sized company, Pomanda has estimated its turnover at £34m with healthy growth in recent years.

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Pomanda's financial health check has awarded Heartwood Inns Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £34m, make it larger than the average company (£1.5m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.1%)

EXPORT

Heartwood Inns Limited's latest turnover from June 2023 is £34 million and the company has net assets of £9.5 million. According to their latest financial statements, Heartwood Inns Limited has 681 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jul 2018	Jul 2017	Jul 2016	Jun 2015	Jun 2014	Jun 2013	Jul 2012	Jul 2011	Jun 2010
Turnover	33,987,141	32,150,959	14,817,141	23,119,744	27,306,466	24,603,562	19,142,239	13,107,687	6,392,713	3,011,411	2,916,977	2,669,782	2,178,326	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,161,919	8,096,170	3,856,324	6,457,760	7,687,003	7,113,151	5,529,588	3,852,129	1,978,261	968,330	909,177	819,601	710,391	0
Gross Profit	24,825,222	24,054,789	10,960,817	16,661,984	19,619,463	17,490,411	13,612,651	9,255,558	4,414,452	2,043,081	2,007,800	1,850,181	1,467,935	0
Admin Expenses	23,880,044	20,302,773	11,134,312	17,973,957	19,109,712	17,547,910	13,356,564	9,960,727	4,430,663	1,851,213	1,796,255	1,829,241	1,731,206	67,341
Operating Profit	945,178	3,752,016	-173,495	-1,311,973	509,751	-57,499	256,087	-705,169	-16,211	191,868	211,545	20,940	-263,271	-67,341
Interest Payable	1,833,357	1,096,865	957,902	580,730	521,140	715,368	966,050	669,850	380,253	284,261	213,519	214,394	60,273	8,750
Interest Receivable	0	0	0	0	0	0	137	144	146	146	145	0	218	0
Pre-Tax Profit	-888,179	2,655,151	13,550,279	-1,892,703	-11,389	-772,867	-709,826	-1,374,875	-396,318	-92,247	-1,829	-193,454	-323,326	-76,091
Tax	0	0	0	0	0	0	0	1,502	-2,990	0	2,990	2,945	0	0
Profit After Tax	-888,179	2,655,151	13,550,279	-1,892,703	-11,389	-772,867	-709,826	-1,373,373	-399,308	-92,247	1,161	-190,509	-323,326	-76,091
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-888,179	2,655,151	13,550,279	-1,892,703	-11,389	-772,867	-709,826	-1,373,373	-399,308	-92,247	1,161	-190,509	-323,326	-76,091
Employee Costs	11,905,612	10,674,946	9,658,076	10,389,521	9,253,442	8,453,674	6,727,468	4,777,673	2,154,172	797,822	792,262	738,272	710,940	11,511
Number Of Employees	681	627	593	662	585	565	456	312	160	58	57	59	62	2
EBITDA*	2,554,842	5,294,709	1,335,251	306,097	1,746,278	1,056,638	1,155,961	-121,418	264,356	353,238	370,864	179,801	-142,821	-67,341

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jul 2018	Jul 2017	Jul 2016	Jun 2015	Jun 2014	Jun 2013	Jul 2012	Jul 2011	Jun 2010
Tangible Assets	15,251,175	13,802,991	13,904,627	14,930,040	14,466,514	13,870,642	12,053,800	8,868,875	4,437,800	2,998,635	1,746,443	1,857,509	1,988,931	434,827
Intangible Assets	96,836	101,705	110,279	118,817	123,827	131,696	139,563	147,429	85,000	57,500	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	8,434,260	2,691,046	0	0	0	127	127	11,658	36,612	0	0	0	0	0
Total Fixed Assets	23,782,271	16,595,742	14,014,906	15,048,857	14,590,341	14,002,465	12,193,490	9,027,962	4,559,412	3,056,135	1,746,443	1,857,509	1,988,931	434,827
Stock & work in progress	815,370	708,333	788,616	690,433	750,558	681,947	549,204	404,024	203,290	85,058	67,638	76,121	75,605	3,627
Trade Debtors	1,237	9,860	10,920	5,575	92,326	3,525	0	0	0	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	336,026	590,770	327,542	1,074,210	908,199	928,800	746,267	691,329	286,803	269,093	143,404	62,171	71,408	107,599
Cash	1,687,117	2,701,104	5,205,932	1,187,860	1,407,203	1,509,675	1,560,353	529,808	2,629,470	569,144	136,590	386,385	48,034	15,109
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,839,750	4,010,067	6,333,010	2,958,078	3,158,286	3,123,947	2,855,824	1,625,161	3,119,563	923,295	347,632	524,677	195,047	126,335
total assets	26,622,021	20,605,809	20,347,916	18,006,935	17,748,627	17,126,412	15,049,314	10,653,123	7,678,975	3,979,430	2,094,075	2,382,186	2,183,978	561,162
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	53,483	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,559,180	2,879,366	3,430,354	2,442,476	2,496,013	1,705,172	1,981,829	1,685,000	965,687	410,198	181,167	86,940	91,468	98,573
Group/Directors Accounts	9,454,706	2,896,127	3,508,205	18,118,701	15,246,399	15,715,793	14,389,747	10,590,535	6,945,776	0	0	0	0	511,423
other short term finances	0	0	0	0	0	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
other current liabilities	4,216,619	3,476,188	4,079,669	2,149,943	2,781,337	2,544,558	1,841,256	831,280	847,831	103,671	199,290	224,166	167,205	27,256
total current liabilities	16,230,505	9,251,681	11,018,228	22,711,120	20,523,749	19,965,523	18,212,832	13,106,815	8,759,294	513,869	380,457	311,106	312,156	637,252
loans	0	0	0	0	0	0	0	0	0	4,146,572	2,302,382	2,661,005	2,271,238	0
hp & lease commitments	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
other liabilities	914,742	989,175	1,619,886	1,136,292	1,172,652	1,097,274	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	914,742	989,175	1,619,886	1,136,292	1,172,652	1,097,274	0	0	0	4,146,572	2,302,382	2,661,005	2,271,238	0
total liabilities	17,145,247	10,240,856	12,638,114	23,847,412	21,696,401	21,062,797	18,212,832	13,106,815	8,759,294	4,660,441	2,682,839	2,972,111	2,583,394	637,252
net assets	9,476,774	10,364,953	7,709,802	-5,840,477	-3,947,774	-3,936,385	-3,163,518	-2,453,692	-1,080,319	-681,011	-588,764	-589,925	-399,416	-76,090
total shareholders funds	9,476,774	10,364,953	7,709,802	-5,840,477	-3,947,774	-3,936,385	-3,163,518	-2,453,692	-1,080,319	-681,011	-588,764	-589,925	-399,416	-76,090

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jul 2018	Jul 2017	Jul 2016	Jun 2015	Jun 2014	Jun 2013	Jul 2012	Jul 2011	Jun 2010
Operating Activities
Operating Profit	945,178	3,752,016	-173,495	-1,311,973	509,751	-57,499	256,087	-705,169	-16,211	191,868	211,545	20,940	-263,271	-67,341
Depreciation	1,600,895	1,534,119	1,500,208	1,609,704	1,228,658	1,106,270	892,008	576,180	278,075	161,370	159,319	158,861	120,450	0
Amortisation	8,769	8,574	8,538	8,366	7,869	7,867	7,866	7,571	2,492	0	0	0	0	0
Tax	0	0	0	0	0	0	0	1,502	-2,990	0	2,990	2,945	0	0
Stock	107,037	-80,283	98,183	-60,125	68,611	132,743	145,180	200,734	118,232	17,420	-8,483	516	71,978	3,627
Debtors	5,479,847	2,953,214	-741,323	79,260	68,073	186,058	43,407	379,572	54,322	125,689	81,233	-9,237	-36,191	107,599
Creditors	-320,186	-550,988	987,878	-53,537	790,841	-276,657	296,829	719,313	555,489	229,031	94,227	-4,528	-7,105	98,573
Accruals and Deferred Income	740,431	-603,481	1,929,726	-631,394	236,779	703,302	1,009,976	-16,551	744,160	-95,619	-24,876	56,961	139,949	27,256
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-2,611,797	1,267,309	4,895,995	-397,969	2,637,214	1,164,482	2,274,179	2,540	1,388,461	343,541	370,455	243,900	-45,764	-52,738
Investing Activities
capital expenditure	-3,052,979	-1,432,483	-474,795	-2,076,586	-1,824,530	-2,923,112	-4,076,933	-5,077,255	-1,747,232	-1,471,062	-48,253	-27,439	-1,674,554	-434,827
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,052,979	-1,432,483	-474,795	-2,076,586	-1,824,530	-2,923,112	-4,076,933	-5,077,255	-1,747,232	-1,471,062	-48,253	-27,439	-1,674,554	-434,827
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	6,558,579	-612,078	-14,610,496	2,872,302	-469,394	1,326,046	3,799,212	3,644,759	6,945,776	0	0	0	-511,423	511,423
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	-4,146,572	1,844,190	-358,623	389,767	2,271,238	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-74,433	-630,711	483,594	-36,360	75,378	1,097,274	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	-1,833,357	-1,096,865	-957,902	-580,730	-521,140	-715,368	-965,913	-669,706	-380,107	-284,115	-213,374	-214,394	-60,055	-8,750
cash flow from financing	4,650,789	-2,339,654	-15,084,804	2,255,212	-915,156	1,707,952	2,833,299	2,975,053	2,419,097	1,560,075	-571,997	175,373	1,699,760	502,674
cash and cash equivalents
cash	-1,013,987	-2,504,828	4,018,072	-219,343	-102,472	-50,678	1,030,545	-2,099,662	2,060,326	432,554	-249,795	338,351	32,925	15,109
overdraft	0	0	0	0	0	0	0	0	0	0	0	-53,483	53,483	0
change in cash	-1,013,987	-2,504,828	4,018,072	-219,343	-102,472	-50,678	1,030,545	-2,099,662	2,060,326	432,554	-249,795	391,834	-20,558	15,109

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HEARTWOOD INNS LIMITED group structure

Heartwood Inns Limited has no subsidiary companies.

Ultimate parent company

ASO VICTORIA 4 SARL

#0138130

HEARTWOOD COLLECTION LIMITED

05699494

2 parents

HEARTWOOD INNS LIMITED

07118269

HEARTWOOD INNS LIMITED Shareholders

heartwood collection limited

100%

Heartwood Inns Limited currently has 7 directors. The longest serving directors include Mr Mark Derry (Feb 2010) and Ms Helen Melvin (Oct 2011).

officer	country	age	start	end	role
Mr Mark Derry	United Kingdom	64 years	Feb 2010	-	Director
Ms Helen Melvin	England	56 years	Oct 2011	-	Director
Mr Jeremy Brown	England	58 years	Feb 2015	-	Director
Mr Christopher Guy	England	43 years	May 2018	-	Director
Mr Richard Ferrier	United Kingdom	38 years	Feb 2020	-	Director
Mr Henry Olney	England	36 years	Oct 2022	-	Director
Mr Edward Little	United Kingdom	43 years	Oct 2022	-	Director

P&L

June 2023

turnover

34m

+6%

operating profit

945.2k

-75%

gross margin

73.1%

-2.37%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

9.5m

-0.09%

total assets

26.6m

+0.29%

cash

1.7m

-0.38%

net assets

Total assets minus all liabilities

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company number

07118269

Type

Private limited with Share Capital

industry

56302 - Public houses and bars

56101 - Licensed restaurants

incorporation date

January 2010

accounts

Full Accounts

ultimate parent company

ASO VICTORIA 4 SARL

previous names

the white brasserie company ltd (July 2023)

brasserie bar co limited (March 2010)

last accounts submitted

June 2023

address

ground floor, cairns house, 10 station road, teddington, TW11 9AA

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 45 charges/mortgages relating to heartwood inns limited. Currently there are 10 open charges and 35 have been satisfied in the past.

heartwood inns limited Company Information

heartwood inns limited Estimated Valuation

heartwood inns limited Estimated Valuation

heartwood inns limited Estimated Valuation

Heartwood Inns Limited Overview

Heartwood Inns Limited Health Check

HEARTWOOD INNS LIMITED financials

heartwood inns limited Credit Report and Business Information

Heartwood Inns Limited Competitor Analysis

heartwood inns limited Ownership

heartwood inns limited directors

heartwood inns limited company details

heartwood inns limited Charges & Mortgages

heartwood inns limited Companies House Filings - See Documents