heritable development finance limited
heritable development finance limited Company Information
Company Number
08606584
Next Accounts
Sep 2025
Industry
Activities of venture and development capital companies
Shareholders
onesavings bank plc
Group Structure
View All
Contact
Registered Address
reliance house sun pier, medway street, chatham, kent, ME4 4ET
Website
www.heritable.comheritable development finance limited Estimated Valuation
Pomanda estimates the enterprise value of HERITABLE DEVELOPMENT FINANCE LIMITED at £4.5m based on a Turnover of £3.7m and 1.21x industry multiple (adjusted for size and gross margin).
heritable development finance limited Estimated Valuation
Pomanda estimates the enterprise value of HERITABLE DEVELOPMENT FINANCE LIMITED at £1.1m based on an EBITDA of £391k and a 2.79x industry multiple (adjusted for size and gross margin).
heritable development finance limited Estimated Valuation
Pomanda estimates the enterprise value of HERITABLE DEVELOPMENT FINANCE LIMITED at £622.1k based on Net Assets of £540k and 1.15x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Heritable Development Finance Limited Overview
Heritable Development Finance Limited is a live company located in chatham, ME4 4ET with a Companies House number of 08606584. It operates in the activities of venture and development capital companies sector, SIC Code 64303. Founded in July 2013, it's largest shareholder is onesavings bank plc with a 100% stake. Heritable Development Finance Limited is a established, small sized company, Pomanda has estimated its turnover at £3.7m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Heritable Development Finance Limited Health Check
Pomanda's financial health check has awarded Heritable Development Finance Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
3 Weak
Size
annual sales of £3.7m, make it larger than the average company (£2m)
£3.7m - Heritable Development Finance Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (4.3%)
20% - Heritable Development Finance Limited
4.3% - Industry AVG
Production
with a gross margin of 10.4%, this company has a higher cost of product (84.2%)
10.4% - Heritable Development Finance Limited
84.2% - Industry AVG
Profitability
an operating margin of 10.2% make it more profitable than the average company (1.6%)
10.2% - Heritable Development Finance Limited
1.6% - Industry AVG
Employees
with 6 employees, this is below the industry average (9)
6 - Heritable Development Finance Limited
9 - Industry AVG
Pay Structure
on an average salary of £302k, the company has a higher pay structure (£96.8k)
£302k - Heritable Development Finance Limited
£96.8k - Industry AVG
Efficiency
resulting in sales per employee of £617.2k, this is more efficient (£204.6k)
£617.2k - Heritable Development Finance Limited
£204.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Heritable Development Finance Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Heritable Development Finance Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Heritable Development Finance Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Heritable Development Finance Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.6%, this is a similar level of debt than the average (50%)
50.6% - Heritable Development Finance Limited
50% - Industry AVG
HERITABLE DEVELOPMENT FINANCE LIMITED financials
Heritable Development Finance Limited's latest turnover from December 2023 is £3.7 million and the company has net assets of £540 thousand. According to their latest financial statements, Heritable Development Finance Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,703,000 | 3,128,000 | 2,421,000 | 2,143,000 | 2,800,000 | 2,246,000 | 2,076,000 | 2,093,000 | 1,389,000 | 1,081,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 3,319,000 | 2,844,000 | 2,201,000 | 1,948,000 | 2,545,000 | |||||
| Gross Profit | 384,000 | 284,000 | 220,000 | 195,000 | 255,000 | |||||
| Admin Expenses | ||||||||||
| Operating Profit | 203,000 | 189,000 | 196,000 | |||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 384,000 | 284,000 | 220,000 | 195,000 | 255,000 | 203,000 | 189,000 | 196,000 | 126,000 | 98,000 |
| Tax | -102,000 | -51,000 | -49,000 | -43,000 | -81,000 | -37,000 | -41,000 | -42,000 | -26,000 | -22,000 |
| Profit After Tax | 282,000 | 233,000 | 171,000 | 152,000 | 174,000 | 166,000 | 148,000 | 154,000 | 100,000 | 76,000 |
| Dividends Paid | 584,000 | 0 | 205,000 | 406,000 | 607,000 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -302,000 | 233,000 | -34,000 | -254,000 | -433,000 | 166,000 | 148,000 | 154,000 | 100,000 | 76,000 |
| Employee Costs | 1,812,000 | 1,349,000 | 1,041,000 | 990,000 | 1,362,000 | 1,132,000 | 1,586,000 | 1,757,000 | 1,180,000 | 836,000 |
| Number Of Employees | 6 | 6 | 6 | 6 | 5 | 9 | 11 | 11 | 8 | |
| EBITDA* | 221,000 | 200,000 | 197,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 16,000 | 31,000 | 52,000 | 83,000 | 41,000 | 59,000 | 73,000 | 5,000 | 5,000 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 290,000 |
| Debtors (Due After 1 year) | 3,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 19,000 | 33,000 | 52,000 | 83,000 | 41,000 | 59,000 | 73,000 | 5,000 | 5,000 | 290,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 1,062,000 | 1,000,000 | 600,000 | 570,000 | 934,000 | 810,000 | 959,000 | 943,000 | 553,000 | 0 |
| Misc Debtors | 11,000 | 9,000 | 20,000 | 16,000 | 6,000 | 116,000 | 8,000 | 1,000 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,073,000 | 1,009,000 | 620,000 | 586,000 | 940,000 | 926,000 | 967,000 | 944,000 | 553,000 | 0 |
| total assets | 1,092,000 | 1,042,000 | 672,000 | 669,000 | 981,000 | 985,000 | 1,040,000 | 949,000 | 558,000 | 290,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,000 | 42,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 552,000 | 392,000 | 234,000 | 257,000 | 404,000 | 330,000 | 552,000 | 614,000 | 347,000 | 172,000 |
| total current liabilities | 552,000 | 392,000 | 234,000 | 257,000 | 404,000 | 330,000 | 552,000 | 614,000 | 382,000 | 214,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 552,000 | 392,000 | 234,000 | 257,000 | 404,000 | 330,000 | 552,000 | 614,000 | 382,000 | 214,000 |
| net assets | 540,000 | 650,000 | 438,000 | 412,000 | 577,000 | 655,000 | 488,000 | 335,000 | 176,000 | 76,000 |
| total shareholders funds | 540,000 | 650,000 | 438,000 | 412,000 | 577,000 | 655,000 | 488,000 | 335,000 | 176,000 | 76,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 203,000 | 189,000 | 196,000 | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 15,000 | 21,000 | 31,000 | 30,000 | 18,000 | 18,000 | 11,000 | 1,000 | 0 | 0 |
| Tax | -102,000 | -51,000 | -49,000 | -43,000 | -81,000 | -37,000 | -41,000 | -42,000 | -26,000 | -22,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 65,000 | 391,000 | 34,000 | -354,000 | 14,000 | -41,000 | 23,000 | 391,000 | 553,000 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -35,000 | -7,000 | 42,000 |
| Accruals and Deferred Income | 160,000 | 158,000 | -23,000 | -147,000 | 74,000 | -222,000 | -62,000 | 267,000 | 175,000 | 172,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 3,000 | 74,000 | -4,000 | |||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -290,000 | 290,000 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 192,000 | -21,000 | 60,000 | 89,000 | 355,000 | 1,000 | 5,000 | 5,000 | 0 | 0 |
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
heritable development finance limited Credit Report and Business Information
Heritable Development Finance Limited Competitor Analysis
Perform a competitor analysis for heritable development finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in ME4 area or any other competitors across 12 key performance metrics.
heritable development finance limited Ownership
HERITABLE DEVELOPMENT FINANCE LIMITED group structure
Heritable Development Finance Limited has no subsidiary companies.
Ultimate parent company
2 parents
HERITABLE DEVELOPMENT FINANCE LIMITED
08606584
heritable development finance limited directors
Heritable Development Finance Limited currently has 6 directors. The longest serving directors include Mr Andrew Heaton (Dec 2013) and Mr Thomas Barratt (Dec 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Heaton | England | 50 years | Dec 2013 | - | Director |
| Mr Thomas Barratt | England | 45 years | Dec 2013 | - | Director |
| Mr Nicholas Barrett | England | 56 years | Dec 2013 | - | Director |
| Mr Jens Bech | 52 years | Dec 2013 | - | Director | |
| Mr Christopher Birch | England | 46 years | Oct 2017 | - | Director |
| Ms Victoria Sullivan-Hyde | 48 years | May 2024 | - | Director |
P&L
December 2023turnover
3.7m
+18%
operating profit
376k
0%
gross margin
10.4%
+14.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
540k
-0.17%
total assets
1.1m
+0.05%
cash
0
0%
net assets
Total assets minus all liabilities
heritable development finance limited company details
company number
08606584
Type
Private limited with Share Capital
industry
64303 - Activities of venture and development capital companies
incorporation date
July 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
hamsard 3315 limited (December 2013)
accountant
-
auditor
DELOITTE LLP
address
reliance house sun pier, medway street, chatham, kent, ME4 4ET
Bank
-
Legal Advisor
-
heritable development finance 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 heritable development finance limited.
heritable development finance 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 HERITABLE DEVELOPMENT FINANCE LIMITED. This can take several minutes, an email will notify you when this has completed.
heritable development finance limited Companies House Filings - See Documents
| date | description | view/download |
|---|
