Pomanda estimates the enterprise value of NEW HERITAGE LIMITED at £2m based on a Turnover of £1m and 1.99x industry multiple (adjusted for size and gross margin).
new heritage limitedEstimated Valuation
£2.6m
Pomanda estimates the enterprise value of NEW HERITAGE LIMITED at £2.6m based on an EBITDA of £576.8k and a 4.54x industry multiple (adjusted for size and gross margin).
new heritage limitedEstimated Valuation
£970.6k
Pomanda estimates the enterprise value of NEW HERITAGE LIMITED at £970.6k based on Net Assets of £365.6k and 2.66x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
New Heritage LimitedOverview
New Heritage Limited is a live company located in smethwick, B66 2BZ with a Companies House number of 07900514. It operates in the letting and operating of conference and exhibition centres sector, SIC Code 68202. Founded in January 2012, it's largest shareholder is
jasbir kaur suglani
with a 25% stake. New Heritage Limited is a established,
small sized company, Pomanda has estimated its turnover at
£1m with
declining
growth in recent years.
Pomanda's financial health check has awarded New Heritage Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
2 Regular
7 Weak
Size
annual sales of £1m, make it larger than the average company (£758.9k)
£1m - New Heritage Limited
£758.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -37%, show it is growing at a slower rate (4.7%)
-37% - New Heritage Limited
4.7% - Industry AVG
Production
with a gross margin of 54.4%, this company has a comparable cost of product (54.4%)
54.4% - New Heritage Limited
54.4% - Industry AVG
Profitability
an operating margin of 50.4% make it more profitable than the average company (5.6%)
50.4% - New Heritage Limited
5.6% - Industry AVG
Employees
with 6 employees, this is below the industry average (13)
6 - New Heritage Limited
13 - Industry AVG
Pay Structure
on an average salary of £31.4k, the company has an equivalent pay structure (£31.4k)
£31.4k - New Heritage Limited
£31.4k - Industry AVG
Efficiency
resulting in sales per employee of £167.9k, this is more efficient (£100.9k)
£167.9k - New Heritage Limited
£100.9k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is later than average (34 days)
54 days - New Heritage Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (30 days)
27 days - New Heritage Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 44 days, this is more than average (18 days)
44 days - New Heritage Limited
18 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (41 weeks)
0 weeks - New Heritage Limited
41 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.2%, this is a higher level of debt than the average (52.7%)
91.2% - New Heritage Limited
52.7% - Industry AVG
NEW HERITAGE LIMITED financials
EXPORT
New Heritage Limited's latest turnover from August 2023 is estimated at £1 million and the company has net assets of £365.6 thousand. According to their latest financial statements, New Heritage Limited has 6 employees and maintains cash reserves of £24.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Turnover
1,007,194
533,275
1,011,796
4,040,923
827,716
992,058
925,152
684,266
813,511
498,251
1,892,898
1,952,833
Other Income Or Grants
Cost Of Sales
459,449
219,955
570,093
1,502,818
283,458
351,554
424,144
299,680
319,076
206,421
868,825
895,191
Gross Profit
547,746
313,320
441,703
2,538,105
544,258
640,504
501,008
384,586
494,435
291,830
1,024,073
1,057,643
Admin Expenses
40,252
155,320
425,070
2,521,749
400,955
530,340
401,795
225,446
471,351
387,084
1,097,440
1,069,287
Operating Profit
507,494
158,000
16,633
16,356
143,303
110,164
99,213
159,140
23,084
-95,254
-73,367
-11,644
Interest Payable
106,526
78,550
65,793
72,403
79,824
53,515
32,449
17,484
Interest Receivable
1,011
571
42
20
60
156
139
131
75
23
17
6
Pre-Tax Profit
401,979
80,021
-49,118
-56,027
63,540
56,805
66,902
141,788
23,159
-95,231
-73,350
-11,638
Tax
-100,495
-15,204
-12,073
-10,793
-12,711
-28,357
-4,632
Profit After Tax
301,484
64,817
-49,118
-56,027
51,467
46,012
54,191
113,430
18,527
-95,231
-73,350
-11,638
Dividends Paid
Retained Profit
301,484
64,817
-49,118
-56,027
51,467
46,012
54,191
113,430
18,527
-95,231
-73,350
-11,638
Employee Costs
188,633
161,077
153,299
221,199
229,154
316,302
295,680
290,280
237,210
149,372
616,200
624,155
Number Of Employees
6
6
6
9
9
13
12
12
9
6
24
26
EBITDA*
576,848
212,119
86,021
89,020
222,032
188,515
146,960
201,580
68,015
-90,673
-63,847
-11,644
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Tangible Assets
3,903,231
3,929,003
3,890,263
3,951,922
4,001,046
3,967,196
2,708,930
2,653,850
2,669,843
2,688,347
2,443,604
686,059
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
3,903,231
3,929,003
3,890,263
3,951,922
4,001,046
3,967,196
2,708,930
2,653,850
2,669,843
2,688,347
2,443,604
686,059
Stock & work in progress
56,406
73,675
76,505
61,572
63,741
66,590
41,398
18,198
2,586
2,743
Trade Debtors
150,061
78,289
144,965
502,254
84,622
14,289
6,049
82,383
42,675
Group Debtors
Misc Debtors
12,142
8,154
43,698
3,261
5,489
6,581
19,355
8,497
Cash
24,437
14,090
51,169
33,710
5,622
10,433
31,250
79,993
25,157
4,904
4,253
2,352
misc current assets
total current assets
243,046
174,208
316,337
600,797
159,474
83,604
92,003
106,688
42,032
13,696
86,636
45,027
total assets
4,146,277
4,103,211
4,206,600
4,552,719
4,160,520
4,050,800
2,800,933
2,760,538
2,711,875
2,702,043
2,530,240
731,086
Bank overdraft
74,931
948,727
83,635
74,773
248,351
81,498
478,888
559,489
Bank loan
Trade Creditors
34,939
29,468
37,965
7,715
160,735
249,789
182,445
149,008
696,935
784,229
809,312
741,724
Group/Directors Accounts
2,693,000
2,873,000
2,997,000
2,849,000
2,325,000
2,101,670
1,532,000
1,154,000
other short term finances
hp & lease commitments
8,623
8,953
other current liabilities
144,380
151,258
130,672
531,441
302,624
521,976
600,671
945,303
total current liabilities
2,947,250
4,002,453
3,249,272
3,462,929
3,045,333
2,963,886
2,794,004
2,807,800
696,935
784,229
809,312
741,724
loans
833,463
36,678
958,065
1,040,687
1,010,057
1,025,251
hp & lease commitments
722
722
8,722
Accruals and Deferred Income
other liabilities
2,175,632
2,097,033
1,804,916
provisions
total long term liabilities
833,463
36,678
958,065
1,041,409
1,010,779
1,033,973
2,175,632
2,097,033
1,804,916
total liabilities
3,780,713
4,039,131
4,207,337
4,504,338
4,056,112
3,997,859
2,794,004
2,807,800
2,872,567
2,881,262
2,614,228
741,724
net assets
365,564
64,080
-737
48,381
104,408
52,941
6,929
-47,262
-160,692
-179,219
-83,988
-10,638
total shareholders funds
365,564
64,080
-737
48,381
104,408
52,941
6,929
-47,262
-160,692
-179,219
-83,988
-10,638
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Operating Activities
Operating Profit
507,494
158,000
16,633
16,356
143,303
110,164
99,213
159,140
23,084
-95,254
-73,367
-11,644
Depreciation
69,354
54,119
69,388
72,664
78,729
78,351
47,747
42,440
44,931
4,581
9,520
Amortisation
Tax
-100,495
-15,204
-12,073
-10,793
-12,711
-28,357
-4,632
Stock
-17,269
-2,830
14,933
-2,169
-2,849
25,192
23,200
15,612
-157
2,743
Debtors
75,760
-102,220
-316,852
415,404
83,530
-12,774
10,858
-5,792
8,240
-76,334
39,708
42,675
Creditors
5,471
-8,497
30,250
-153,020
-89,054
67,344
33,437
-547,927
-87,294
-25,083
67,588
741,724
Accruals and Deferred Income
-6,878
20,586
-400,769
228,817
-219,352
-78,695
-344,632
945,303
Deferred Taxes & Provisions
Cash flow from operations
416,455
314,054
17,421
-248,418
-179,128
153,953
-211,004
560,779
-31,994
-42,165
-35,967
687,405
Investing Activities
capital expenditure
-43,582
-92,859
-7,729
-23,540
-112,579
-1,336,617
-102,827
-26,447
-26,427
-249,324
-1,767,065
-686,059
Change in Investments
cash flow from investments
-43,582
-92,859
-7,729
-23,540
-112,579
-1,336,617
-102,827
-26,447
-26,427
-249,324
-1,767,065
-686,059
Financing Activities
Bank loans
Group/Directors Accounts
-180,000
-124,000
148,000
524,000
223,330
569,670
378,000
1,154,000
Other Short Term Loans
Long term loans
796,785
-921,387
-82,622
30,630
-15,194
1,025,251
Hire Purchase and Lease Commitments
-722
-8,623
-8,330
17,675
other long term liabilities
-2,175,632
78,599
292,117
1,804,916
share issue
1,000
interest
-105,515
-77,979
-65,751
-72,383
-79,764
-53,359
-32,310
-17,353
75
23
17
6
cash flow from financing
511,270
-1,123,366
-1,095
473,624
120,042
1,559,237
345,690
-1,038,985
78,674
292,140
1,804,933
1,006
cash and cash equivalents
cash
10,347
-37,079
17,459
28,088
-4,811
-20,817
-48,743
54,836
20,253
651
1,901
2,352
overdraft
-873,796
865,092
8,862
-173,578
166,853
-397,390
-80,601
559,489
change in cash
884,143
-902,171
8,597
201,666
-171,664
376,573
31,858
-504,653
20,253
651
1,901
2,352
new heritage limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for new heritage limited. Get real-time insights into new heritage limited's credit score, group structure and payment trends.
Perform a competitor analysis for new heritage limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in B66 area or any other competitors across 12 key performance metrics.
new heritage limited Ownership
NEW HERITAGE LIMITED group structure
New Heritage Limited has no subsidiary companies.
Ultimate parent company
NEW HERITAGE LIMITED
07900514
NEW HERITAGE LIMITED Shareholders
The largest shareholders in New Heritage Limited include Jasbir Kaur Suglani and Ram Lubhaya Suglani.
jasbir kaur suglani
25%
ram lubhaya suglani
25%
pirmjit kaur
25%
gurdial singh suglani
25%
new heritage limited directors
New Heritage Limited currently has 3 directors.
The longest serving directors include
Mr Jasvinder Nandhra (Jan 2012) and
Mr Gurdial Suglani (Jan 2012).
68202 - Letting and operating of conference and exhibition centres
incorporation date
January 2012
age
13
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
unit 49 bridge trading estate, bridge street north, smethwick, B66 2BZ
Bank
-
Legal Advisor
-
new heritage 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 did not find charges/mortgages relating to new heritage limited.
new heritage 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 NEW HERITAGE LIMITED. This can take several minutes, an email will notify you when this has completed.
new heritage limitedCompanies House Filings - See Documents
