Pomanda estimates the enterprise value of HERTFORDSHIRE CATERING LIMITED at £34.7m based on a Turnover of £42.5m and 0.82x industry multiple (adjusted for size and gross margin).
hertfordshire catering limitedEstimated Valuation
£6.2m
Pomanda estimates the enterprise value of HERTFORDSHIRE CATERING LIMITED at £6.2m based on an EBITDA of £925.3k and a 6.71x industry multiple (adjusted for size and gross margin).
hertfordshire catering limitedEstimated Valuation
£8m
Pomanda estimates the enterprise value of HERTFORDSHIRE CATERING LIMITED at £8m based on Net Assets of £3.1m and 2.54x industry multiple (adjusted for liquidity).
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Hertfordshire Catering LimitedOverview
Hertfordshire Catering Limited is a live company located in hertfordshire, AL7 1FT with a Companies House number of 08409608. It operates in the other food services sector, SIC Code 56290. Founded in February 2013, it's largest shareholder is
hertfordshire county council
with a 100% stake. Hertfordshire Catering Limited is a established,
large sized company, Pomanda has estimated its turnover at
£42.5m with
high
growth in recent years.
Pomanda's financial health check has awarded Hertfordshire Catering Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
5 Strong
3 Regular
4 Weak
Size
annual sales of £42.5m, make it larger than the average company (£1.5m)
£42.5m - Hertfordshire Catering Limited
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (14.2%)
19% - Hertfordshire Catering Limited
14.2% - Industry AVG
Production
with a gross margin of 19.4%, this company has a higher cost of product (28.1%)
19.4% - Hertfordshire Catering Limited
28.1% - Industry AVG
Profitability
an operating margin of 1.2% make it less profitable than the average company (3.1%)
1.2% - Hertfordshire Catering Limited
3.1% - Industry AVG
Employees
with 1678 employees, this is above the industry average (27)
1678 - Hertfordshire Catering Limited
27 - Industry AVG
Pay Structure
on an average salary of £14.3k, the company has a lower pay structure (£23.8k)
£14.3k - Hertfordshire Catering Limited
£23.8k - Industry AVG
Efficiency
resulting in sales per employee of £25.3k, this is less efficient (£65.8k)
£25.3k - Hertfordshire Catering Limited
£65.8k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (30 days)
3 days - Hertfordshire Catering Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (33 days)
18 days - Hertfordshire Catering Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is in line with average (12 days)
11 days - Hertfordshire Catering Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 19 weeks, this is average cash available to meet short term requirements (23 weeks)
19 weeks - Hertfordshire Catering Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.4%, this is a similar level of debt than the average (65.1%)
66.4% - Hertfordshire Catering Limited
65.1% - Industry AVG
HERTFORDSHIRE CATERING LIMITED financials
EXPORT
Hertfordshire Catering Limited's latest turnover from March 2024 is £42.5 million and the company has net assets of £3.1 million. According to their latest financial statements, Hertfordshire Catering Limited has 1,678 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Turnover
42,522,379
39,478,753
38,012,851
25,517,158
38,476,377
38,967,013
36,869,112
36,516,553
34,152,192
31,280,395
17,991,713
Other Income Or Grants
Cost Of Sales
34,283,193
33,187,467
31,206,203
25,629,755
31,437,037
32,386,228
31,170,900
30,035,106
28,935,207
26,728,366
14,441,865
Gross Profit
8,239,186
6,291,286
6,806,648
-112,597
7,039,340
6,580,785
5,698,212
6,481,447
5,216,985
4,552,029
3,549,848
Admin Expenses
7,747,088
7,581,742
6,824,573
600,774
5,528,640
5,149,817
4,915,041
4,489,756
4,168,673
3,690,252
3,240,409
Operating Profit
492,098
-1,290,456
-17,925
-713,371
1,510,700
1,430,968
783,171
1,991,691
1,048,312
861,777
309,439
Interest Payable
6,000
3,309
95
2,274
75,375
52,575
Interest Receivable
55,503
4,125
178
332
22,865
17,290
5,159
5,425
2,274
661
829
Pre-Tax Profit
547,601
-1,286,331
-23,747
-716,348
1,533,565
1,448,258
788,235
1,998,116
1,050,586
787,063
257,693
Tax
31,621
13,448
14,171
125,781
-292,029
-275,379
-147,716
-400,039
-210,142
-163,363
-65,310
Profit After Tax
579,222
-1,272,883
-9,576
-590,567
1,241,536
1,172,879
640,519
1,598,077
840,444
623,700
192,383
Dividends Paid
1,000,000
1,000,000
750,000
Retained Profit
579,222
-1,272,883
-9,576
-590,567
241,536
172,879
-109,481
1,598,077
840,444
623,700
192,383
Employee Costs
24,037,268
23,068,383
21,463,825
20,173,837
20,666,316
20,495,779
19,745,839
18,384,510
17,602,799
15,724,405
7,935,984
Number Of Employees
1,678
1,722
1,716
1,799
1,795
1,851
1,865
1,853
1,836
1,661
1,547
EBITDA*
925,313
-1,016,906
252,573
-601,752
1,544,793
1,452,555
794,681
1,993,840
1,048,312
865,311
311,500
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Tangible Assets
58,613
97,629
92,409
35,837
59,128
31,586
46,604
19,915
3,534
Intangible Assets
294,739
466,472
290,592
75,853
68,891
53,176
38,331
Investments & Other
154,000
144,000
Debtors (Due After 1 year)
Total Fixed Assets
507,352
708,101
383,001
111,690
128,019
84,762
84,935
19,915
3,534
Stock & work in progress
1,051,412
1,194,352
1,010,083
822,983
861,584
771,910
699,027
685,791
733,306
710,280
663,842
Trade Debtors
389,553
477,294
361,120
139,474
276,171
404,227
353,519
303,427
300,088
399,795
292,192
Group Debtors
Misc Debtors
5,104,723
5,512,172
5,335,825
3,974,888
4,070,032
3,714,142
3,424,813
3,917,292
3,162,194
2,717,388
3,095,655
Cash
2,317,000
1,400,408
2,611,907
3,841,206
3,077,249
3,426,287
3,096,098
2,829,163
2,070,284
1,613,598
626,395
misc current assets
total current assets
8,862,688
8,584,226
9,318,935
8,778,551
8,285,036
8,316,566
7,573,457
7,735,673
6,265,872
5,441,061
4,678,084
total assets
9,370,040
9,292,327
9,701,936
8,890,241
8,413,055
8,401,328
7,658,392
7,755,588
6,265,872
5,441,061
4,681,618
Bank overdraft
Bank loan
Trade Creditors
1,711,678
2,081,815
1,927,887
1,148,596
272,223
1,534,601
1,615,766
1,688,749
2,021,692
1,941,247
1,410,693
Group/Directors Accounts
204,474
859,141
714,473
188,351
130,706
201,826
235,203
171,921
500,000
other short term finances
hp & lease commitments
other current liabilities
4,309,154
3,860,199
3,589,941
4,347,233
4,350,588
3,241,358
2,554,968
2,540,314
2,487,653
2,583,731
2,478,542
total current liabilities
6,225,306
6,801,155
6,232,301
5,684,180
4,753,517
4,977,785
4,405,937
4,400,984
4,509,345
4,524,978
4,389,235
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
56,440
5,541
7,332
total long term liabilities
56,440
275,000
227,000
5,541
7,332
total liabilities
6,225,306
6,857,595
6,507,301
5,911,180
4,753,517
4,983,326
4,413,269
4,400,984
4,509,345
4,524,978
4,389,235
net assets
3,144,734
2,434,732
3,194,635
2,979,061
3,659,538
3,418,002
3,245,123
3,354,604
1,756,527
916,083
292,383
total shareholders funds
3,144,734
2,434,732
3,194,635
2,979,061
3,659,538
3,418,002
3,245,123
3,354,604
1,756,527
916,083
292,383
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Operating Activities
Operating Profit
492,098
-1,290,456
-17,925
-713,371
1,510,700
1,430,968
783,171
1,991,691
1,048,312
861,777
309,439
Depreciation
47,385
40,118
27,832
22,711
13,468
12,888
11,510
2,149
3,534
2,061
Amortisation
385,830
233,432
242,666
88,908
20,625
8,699
Tax
31,621
13,448
14,171
125,781
-292,029
-275,379
-147,716
-400,039
-210,142
-163,363
-65,310
Stock
-142,940
184,269
187,100
-38,601
89,674
72,883
13,236
-47,515
23,026
46,438
663,842
Debtors
-495,190
292,521
1,582,583
-231,841
227,834
340,037
-442,387
758,437
345,099
-270,664
3,387,847
Creditors
-370,137
153,928
779,291
876,373
-1,262,378
-81,165
-72,983
-332,943
80,445
530,554
1,410,693
Accruals and Deferred Income
448,955
270,258
-757,292
-3,355
1,109,230
686,390
14,654
52,661
-96,078
105,189
2,478,542
Deferred Taxes & Provisions
-56,440
56,440
-5,541
-1,791
7,332
Cash flow from operations
1,617,442
-999,622
-1,480,940
667,489
776,567
1,367,690
1,025,119
602,597
454,412
1,561,917
83,736
Investing Activities
capital expenditure
-76,530
-18,614
Change in Investments
10,000
144,000
cash flow from investments
-10,000
-144,000
-76,530
-18,614
Financing Activities
Bank loans
Group/Directors Accounts
-654,667
144,668
526,122
57,645
-71,120
-33,377
63,282
171,921
-500,000
500,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
130,780
512,980
225,150
-89,910
100,000
interest
55,503
4,125
-5,822
-2,977
22,865
17,290
5,064
5,425
-74,714
-51,746
cash flow from financing
-468,384
661,773
745,450
-35,242
-48,255
-16,087
68,346
177,346
-574,714
548,254
cash and cash equivalents
cash
916,592
-1,211,499
-1,229,299
763,957
-349,038
330,189
266,935
758,879
456,686
987,203
626,395
overdraft
change in cash
916,592
-1,211,499
-1,229,299
763,957
-349,038
330,189
266,935
758,879
456,686
987,203
626,395
hertfordshire catering limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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hertfordshire catering limited Ownership
HERTFORDSHIRE CATERING LIMITED group structure
Hertfordshire Catering Limited has no subsidiary companies.
Ultimate parent company
HERTFORDSHIRE COUNTY COUNCIL
#0085911
1 parent
HERTFORDSHIRE CATERING LIMITED
08409608
HERTFORDSHIRE CATERING LIMITED Shareholders
The sole shareholder of Hertfordshire Catering Limited is Hertfordshire County Council.
hertfordshire county council
100%
hertfordshire catering limited directors
Hertfordshire Catering Limited currently has 10 directors.
The longest serving directors include
Mrs Zoe Phillips (Jun 2019) and
Mr John Rogers (Jun 2019).
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 hertfordshire catering limited.
hertfordshire catering limited Capital Raised & Share Issues BETA
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hertfordshire catering limitedCompanies House Filings - See Documents
