hertfordshire catering limited
hertfordshire catering limited Company Information
Company Number
08409608
Website
http://hcl.co.ukRegistered Address
mundells, welwyn garden city, hertfordshire, AL7 1FT
Industry
Other food service activities
Telephone
01707292500
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
hertfordshire county council 100%
hertfordshire catering limited Estimated Valuation
Pomanda estimates the enterprise value of HERTFORDSHIRE CATERING LIMITED at £28.4m based on a Turnover of £39.5m and 0.72x industry multiple (adjusted for size and gross margin).
hertfordshire catering limited Estimated Valuation
Pomanda estimates the enterprise value of HERTFORDSHIRE CATERING LIMITED at £0 based on an EBITDA of £-1m and a 6.94x industry multiple (adjusted for size and gross margin).
hertfordshire catering limited Estimated Valuation
Pomanda estimates the enterprise value of HERTFORDSHIRE CATERING LIMITED at £6.2m based on Net Assets of £2.4m and 2.57x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
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Hertfordshire Catering Limited Overview
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 £39.5m with low growth in recent years.
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Hertfordshire Catering Limited Health Check
Pomanda's financial health check has awarded Hertfordshire Catering Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £39.5m, make it larger than the average company (£838.5k)
£39.5m - Hertfordshire Catering Limited
£838.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.6%)
1% - Hertfordshire Catering Limited
5.6% - Industry AVG
Production
with a gross margin of 15.9%, this company has a higher cost of product (26.5%)
15.9% - Hertfordshire Catering Limited
26.5% - Industry AVG
Profitability
an operating margin of -3.3% make it less profitable than the average company (2.8%)
-3.3% - Hertfordshire Catering Limited
2.8% - Industry AVG
Employees
with 1722 employees, this is above the industry average (14)
1722 - Hertfordshire Catering Limited
14 - Industry AVG
Pay Structure
on an average salary of £13.4k, the company has a lower pay structure (£21.7k)
£13.4k - Hertfordshire Catering Limited
£21.7k - Industry AVG
Efficiency
resulting in sales per employee of £22.9k, this is less efficient (£62.2k)
£22.9k - Hertfordshire Catering Limited
£62.2k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (28 days)
4 days - Hertfordshire Catering Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (36 days)
22 days - Hertfordshire Catering Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is in line with average (16 days)
13 days - Hertfordshire Catering Limited
16 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (25 weeks)
10 weeks - Hertfordshire Catering Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.8%, this is a similar level of debt than the average (69.6%)
73.8% - Hertfordshire Catering Limited
69.6% - Industry AVG
hertfordshire catering limited Credit Report and Business Information
Hertfordshire Catering Limited Competitor Analysis
Perform a competitor analysis for hertfordshire catering limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
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 directors
Hertfordshire Catering Limited currently has 10 directors. The longest serving directors include Mr Ian Hamilton (Feb 2016) and Mr John Rogers (Jun 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Hamilton | 64 years | Feb 2016 | - | Director | |
| Mr John Rogers | 57 years | Jun 2019 | - | Director | |
| Mrs Zoe Phillips | 50 years | Jun 2019 | - | Director | |
| Mr Jolyon Adam | 37 years | Dec 2020 | - | Director | |
| Mr John Dix | 64 years | Nov 2021 | - | Director | |
| Mr Hugh Ford | England | 57 years | Nov 2022 | - | Director |
| Ms Cheryl Carr | 51 years | Nov 2022 | - | Director | |
| Ms Lisa Quinlan-Rahman | United Kingdom | 46 years | Jun 2023 | - | Director |
| Mrs Emily White | 51 years | Jan 2024 | - | Director | |
| Mr Matthew King | 46 years | Jan 2024 | - | Director |
HERTFORDSHIRE CATERING LIMITED financials
Hertfordshire Catering Limited's latest turnover from March 2023 is £39.5 million and the company has net assets of £2.4 million. According to their latest financial statements, Hertfordshire Catering Limited has 1,722 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 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 | 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 | 7,581,742 | 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 | -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 | 0 | 6,000 | 3,309 | 0 | 0 | 95 | 0 | 2,274 | 75,375 | 52,575 |
| Interest Receivable | 4,125 | 178 | 332 | 22,865 | 17,290 | 5,159 | 5,425 | 2,274 | 661 | 829 |
| Pre-Tax Profit | -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 | 13,448 | 14,171 | 125,781 | -292,029 | -275,379 | -147,716 | -400,039 | -210,142 | -163,363 | -65,310 |
| Profit After Tax | -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 | 0 | 0 | 0 | 1,000,000 | 1,000,000 | 750,000 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,272,883 | -9,576 | -590,567 | 241,536 | 172,879 | -109,481 | 1,598,077 | 840,444 | 623,700 | 192,383 |
| Employee Costs | 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 | 1,722 | 1,716 | 1,799 | 1,795 | 1,851 | 1,865 | 1,853 | 1,836 | 1,661 | 1,547 |
| EBITDA* | -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 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 97,629 | 92,409 | 35,837 | 59,128 | 31,586 | 46,604 | 19,915 | 0 | 0 | 3,534 |
| Intangible Assets | 466,473 | 290,592 | 75,853 | 68,891 | 53,176 | 38,331 | 0 | 0 | 0 | 0 |
| Investments & Other | 144,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 708,102 | 383,001 | 111,690 | 128,019 | 84,762 | 84,935 | 19,915 | 0 | 0 | 3,534 |
| Stock & work in progress | 1,194,352 | 1,010,083 | 822,983 | 861,584 | 771,910 | 699,027 | 685,791 | 733,306 | 710,280 | 663,842 |
| Trade Debtors | 477,294 | 361,120 | 139,474 | 276,171 | 404,227 | 353,519 | 303,427 | 300,088 | 399,795 | 292,192 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,512,171 | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,584,225 | 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 | 9,292,327 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 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 | 859,141 | 714,473 | 188,351 | 130,706 | 201,826 | 235,203 | 171,921 | 0 | 0 | 500,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 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 | 6,801,155 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 56,440 | 0 | 0 | 0 | 5,541 | 7,332 | 0 | 0 | 0 | 0 |
| total long term liabilities | 56,440 | 275,000 | 227,000 | 0 | 5,541 | 7,332 | 0 | 0 | 0 | 0 |
| total liabilities | 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 | 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 | 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 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -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 | 40,118 | 27,832 | 22,711 | 13,468 | 12,888 | 11,510 | 2,149 | 0 | 3,534 | 2,061 |
| Amortisation | 233,432 | 242,666 | 88,908 | 20,625 | 8,699 | 0 | 0 | 0 | 0 | 0 |
| Tax | 13,448 | 14,171 | 125,781 | -292,029 | -275,379 | -147,716 | -400,039 | -210,142 | -163,363 | -65,310 |
| Stock | 184,269 | 187,100 | -38,601 | 89,674 | 72,883 | 13,236 | -47,515 | 23,026 | 46,438 | 663,842 |
| Debtors | 292,520 | 1,582,583 | -231,841 | 227,834 | 340,037 | -442,387 | 758,437 | 345,099 | -270,664 | 3,387,847 |
| Creditors | 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 | 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 | 0 | 0 | -5,541 | -1,791 | 7,332 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -999,621 | -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 | 0 | 0 | 0 | 0 | 0 | -76,530 | -18,614 | 0 | 0 | 0 |
| Change in Investments | 144,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -144,000 | 0 | 0 | 0 | 0 | -76,530 | -18,614 | 0 | 0 | 0 |
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 144,668 | 526,122 | 57,645 | -71,120 | -33,377 | 63,282 | 171,921 | 0 | -500,000 | 500,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 4,125 | -5,822 | -2,977 | 22,865 | 17,290 | 5,064 | 5,425 | 0 | -74,714 | -51,746 |
| cash flow from financing | 661,773 | 745,450 | -35,242 | -48,255 | -16,087 | 68,346 | 177,346 | 0 | -574,714 | 548,254 |
| cash and cash equivalents | ||||||||||
| cash | -1,211,499 | -1,229,299 | 763,957 | -349,038 | 330,189 | 266,935 | 758,879 | 456,686 | 987,203 | 626,395 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,211,499 | -1,229,299 | 763,957 | -349,038 | 330,189 | 266,935 | 758,879 | 456,686 | 987,203 | 626,395 |
P&L
March 2023turnover
39.5m
+4%
operating profit
-1.3m
+7099%
gross margin
16%
-11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.4m
-0.24%
total assets
9.3m
-0.04%
cash
1.4m
-0.46%
net assets
Total assets minus all liabilities
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hertfordshire catering limited company details
company number
08409608
Type
Private limited with Share Capital
industry
56290 - Other food service activities
incorporation date
February 2013
age
11
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
mundells, welwyn garden city, hertfordshire, AL7 1FT
last accounts submitted
March 2023
hertfordshire catering 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 hertfordshire catering limited.
hertfordshire catering limited Companies House Filings - See Documents
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