kerridge commercial systems group limited
kerridge commercial systems group limited Company Information
Company Number
09353225
Website
www.kerridgecs.comRegistered Address
unit 2a herongate, charnham park, hungerford, berkshire, RG17 0YU
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
441488662098
Next Accounts Due
June 2025
Group Structure
View All
Shareholders
skylark uk bidco limited 100%
kerridge commercial systems group limited Estimated Valuation
Pomanda estimates the enterprise value of KERRIDGE COMMERCIAL SYSTEMS GROUP LIMITED at £674.7m based on a Turnover of £155.9m and 4.33x industry multiple (adjusted for size and gross margin).
kerridge commercial systems group limited Estimated Valuation
Pomanda estimates the enterprise value of KERRIDGE COMMERCIAL SYSTEMS GROUP LIMITED at £578.3m based on an EBITDA of £35.1m and a 16.49x industry multiple (adjusted for size and gross margin).
kerridge commercial systems group limited Estimated Valuation
Pomanda estimates the enterprise value of KERRIDGE COMMERCIAL SYSTEMS GROUP LIMITED at £85.5m based on Net Assets of £47.3m and 1.81x industry multiple (adjusted for liquidity).
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Kerridge Commercial Systems Group Limited Overview
Kerridge Commercial Systems Group Limited is a live company located in hungerford, RG17 0YU with a Companies House number of 09353225. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 2014, it's largest shareholder is skylark uk bidco limited with a 100% stake. Kerridge Commercial Systems Group Limited is a established, mega sized company, Pomanda has estimated its turnover at £155.9m with healthy growth in recent years.
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Kerridge Commercial Systems Group Limited Health Check
Pomanda's financial health check has awarded Kerridge Commercial Systems Group Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £155.9m, make it larger than the average company (£19m)
£155.9m - Kerridge Commercial Systems Group Limited
£19m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (8.8%)
13% - Kerridge Commercial Systems Group Limited
8.8% - Industry AVG
Production
with a gross margin of 86.7%, this company has a lower cost of product (34.6%)
86.7% - Kerridge Commercial Systems Group Limited
34.6% - Industry AVG
Profitability
an operating margin of 9.4% make it more profitable than the average company (4.6%)
9.4% - Kerridge Commercial Systems Group Limited
4.6% - Industry AVG
Employees
with 1122 employees, this is above the industry average (105)
1122 - Kerridge Commercial Systems Group Limited
105 - Industry AVG
Pay Structure
on an average salary of £55.3k, the company has a higher pay structure (£43k)
£55.3k - Kerridge Commercial Systems Group Limited
£43k - Industry AVG
Efficiency
resulting in sales per employee of £139k, this is less efficient (£186.9k)
£139k - Kerridge Commercial Systems Group Limited
£186.9k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is near the average (46 days)
52 days - Kerridge Commercial Systems Group Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (45 days)
79 days - Kerridge Commercial Systems Group Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (39 days)
3 days - Kerridge Commercial Systems Group Limited
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (14 weeks)
7 weeks - Kerridge Commercial Systems Group Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.5%, this is a higher level of debt than the average (69.3%)
86.5% - Kerridge Commercial Systems Group Limited
69.3% - Industry AVG
KERRIDGE COMMERCIAL SYSTEMS GROUP LIMITED financials
Kerridge Commercial Systems Group Limited's latest turnover from September 2023 is £155.9 million and the company has net assets of £47.3 million. According to their latest financial statements, Kerridge Commercial Systems Group Limited has 1,122 employees and maintains cash reserves of £37.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 155,946,000 | 134,435,000 | 124,390,000 | 108,097,000 | 79,896,000 | 66,793,000 | 57,099,000 | 42,808,000 | 22,704,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 20,715,000 | 18,499,000 | 18,935,000 | 14,713,000 | 8,529,000 | 7,225,000 | 6,058,000 | 4,798,000 | 3,232,000 |
| Gross Profit | 135,231,000 | 115,936,000 | 105,455,000 | 93,384,000 | 71,367,000 | 59,568,000 | 51,041,000 | 38,010,000 | 19,472,000 |
| Admin Expenses | 120,630,000 | 86,774,000 | 98,312,000 | 88,452,000 | 65,591,000 | 53,784,000 | 45,624,000 | 34,684,000 | 17,970,000 |
| Operating Profit | 14,601,000 | 29,162,000 | 7,143,000 | 4,932,000 | 5,776,000 | 5,784,000 | 5,417,000 | 3,326,000 | 1,502,000 |
| Interest Payable | 26,679,000 | 15,295,000 | 15,041,000 | 13,695,000 | 4,706,000 | 3,251,000 | 2,109,000 | 11,511,000 | 6,672,000 |
| Interest Receivable | 122,000 | 34,000 | 26,000 | 72,000 | 513,000 | 90,000 | 154,000 | 116,000 | 36,000 |
| Pre-Tax Profit | -11,956,000 | 13,901,000 | -7,872,000 | -8,691,000 | 1,583,000 | 1,477,000 | 3,211,000 | -8,069,000 | -5,134,000 |
| Tax | -8,350,000 | -3,778,000 | -4,886,000 | -2,628,000 | -1,860,000 | -1,106,000 | -1,719,000 | -394,000 | -577,000 |
| Profit After Tax | -20,306,000 | 10,123,000 | -12,758,000 | -11,319,000 | -277,000 | 371,000 | 1,492,000 | -8,463,000 | -5,711,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -20,306,000 | 10,123,000 | -12,758,000 | -11,319,000 | -277,000 | 371,000 | 1,492,000 | -8,463,000 | -5,711,000 |
| Employee Costs | 62,091,000 | 59,291,000 | 57,250,000 | 49,820,000 | 42,411,000 | 34,577,000 | 28,794,000 | 20,984,000 | 11,153,000 |
| Number Of Employees | 1,122 | 1,096 | 1,017 | 1,076 | 843 | 653 | 529 | 419 | 379 |
| EBITDA* | 35,068,000 | 48,846,000 | 26,079,000 | 22,509,000 | 17,042,000 | 14,869,000 | 13,567,000 | 10,348,000 | 5,313,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,698,000 | 4,103,000 | 3,990,000 | 4,575,000 | 4,689,000 | 4,799,000 | 2,429,000 | 2,328,000 | 2,188,000 |
| Intangible Assets | 248,152,000 | 263,320,000 | 251,709,000 | 277,449,000 | 140,855,000 | 149,074,000 | 118,620,000 | 118,720,000 | 110,630,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 4,398,000 | 5,501,000 | 7,690,000 | 6,925,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 256,248,000 | 272,924,000 | 263,389,000 | 288,949,000 | 145,544,000 | 153,873,000 | 121,049,000 | 121,048,000 | 112,818,000 |
| Stock & work in progress | 201,000 | 167,000 | 212,000 | 168,000 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 22,478,000 | 26,893,000 | 19,838,000 | 17,674,000 | 12,539,000 | 12,881,000 | 7,826,000 | 7,581,000 | 6,726,000 |
| Group Debtors | 18,640,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 14,636,000 | 13,552,000 | 8,922,000 | 6,941,000 | 6,961,000 | 8,149,000 | 4,014,000 | 3,506,000 | 3,936,000 |
| Cash | 37,574,000 | 23,708,000 | 24,147,000 | 30,540,000 | 19,480,000 | 17,723,000 | 12,643,000 | 11,383,000 | 7,781,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 93,529,000 | 64,320,000 | 53,119,000 | 55,323,000 | 38,980,000 | 38,753,000 | 24,483,000 | 22,470,000 | 18,443,000 |
| total assets | 349,777,000 | 337,244,000 | 316,508,000 | 344,272,000 | 184,524,000 | 192,626,000 | 145,532,000 | 143,518,000 | 131,261,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 116,000 | 7,500,000 | 0 | 3,000,000 | 2,133,000 | 1,945,000 | 1,157,000 |
| Trade Creditors | 4,489,000 | 4,700,000 | 4,589,000 | 4,796,000 | 2,294,000 | 3,378,000 | 835,000 | 1,515,000 | 1,720,000 |
| Group/Directors Accounts | 194,239,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 907,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 54,415,000 | 59,534,000 | 47,766,000 | 47,250,000 | 27,588,000 | 31,449,000 | 20,638,000 | 16,503,000 | 14,718,000 |
| total current liabilities | 254,050,000 | 64,234,000 | 52,471,000 | 59,546,000 | 29,882,000 | 37,827,000 | 23,606,000 | 19,963,000 | 17,595,000 |
| loans | 37,878,000 | 190,108,000 | 193,529,000 | 196,911,000 | 72,686,000 | 71,381,000 | 39,470,000 | 42,050,000 | 102,392,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,476,000 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 10,582,000 | 12,047,000 | 12,763,000 | 10,483,000 | 10,505,000 | 11,892,000 | 11,470,000 | 11,634,000 | 11,121,000 |
| total long term liabilities | 48,460,000 | 202,303,000 | 206,292,000 | 207,394,000 | 83,191,000 | 83,273,000 | 50,940,000 | 53,684,000 | 118,989,000 |
| total liabilities | 302,510,000 | 266,537,000 | 258,763,000 | 266,940,000 | 113,073,000 | 121,100,000 | 74,546,000 | 73,647,000 | 136,584,000 |
| net assets | 47,267,000 | 70,707,000 | 57,745,000 | 77,332,000 | 71,451,000 | 71,526,000 | 70,986,000 | 69,871,000 | -5,323,000 |
| total shareholders funds | 47,267,000 | 70,707,000 | 57,745,000 | 77,332,000 | 71,451,000 | 71,526,000 | 70,986,000 | 69,871,000 | -5,323,000 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 14,601,000 | 29,162,000 | 7,143,000 | 4,932,000 | 5,776,000 | 5,784,000 | 5,417,000 | 3,326,000 | 1,502,000 |
| Depreciation | 1,635,000 | 1,679,000 | 1,532,000 | 1,630,000 | 1,575,000 | 980,000 | 716,000 | 594,000 | 310,000 |
| Amortisation | 18,832,000 | 18,005,000 | 17,404,000 | 15,947,000 | 9,691,000 | 8,105,000 | 7,434,000 | 6,428,000 | 3,501,000 |
| Tax | -8,350,000 | -3,778,000 | -4,886,000 | -2,628,000 | -1,860,000 | -1,106,000 | -1,719,000 | -394,000 | -577,000 |
| Stock | 34,000 | -45,000 | 44,000 | 168,000 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 14,206,000 | 9,496,000 | 4,910,000 | 12,040,000 | -1,530,000 | 9,190,000 | 753,000 | 425,000 | 10,662,000 |
| Creditors | -211,000 | 111,000 | -207,000 | 2,502,000 | -1,084,000 | 2,543,000 | -680,000 | -205,000 | 1,720,000 |
| Accruals and Deferred Income | -5,119,000 | 11,768,000 | 516,000 | 19,662,000 | -3,861,000 | 10,811,000 | 4,135,000 | -3,691,000 | 20,194,000 |
| Deferred Taxes & Provisions | -1,465,000 | -716,000 | 2,280,000 | -22,000 | -1,387,000 | 422,000 | -164,000 | 513,000 | 11,121,000 |
| Cash flow from operations | 5,683,000 | 46,780,000 | 18,828,000 | 29,815,000 | 10,380,000 | 18,349,000 | 14,386,000 | 6,146,000 | 27,109,000 |
| Investing Activities | |||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -36,821,000 | -4,980,000 | 0 | -96,056,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -36,821,000 | -4,980,000 | 0 | -96,056,000 |
| Financing Activities | |||||||||
| Bank loans | 0 | -116,000 | -7,384,000 | 7,500,000 | -3,000,000 | 867,000 | 188,000 | 788,000 | 1,157,000 |
| Group/Directors Accounts | 194,239,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 907,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -152,230,000 | -3,421,000 | -3,382,000 | 124,225,000 | 1,305,000 | 31,911,000 | -2,580,000 | -60,342,000 | 102,392,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -26,557,000 | -15,261,000 | -15,015,000 | -13,623,000 | -4,193,000 | -3,161,000 | -1,955,000 | -11,395,000 | -6,636,000 |
| cash flow from financing | 13,225,000 | -15,959,000 | -32,610,000 | 135,302,000 | -5,686,000 | 29,786,000 | -4,724,000 | 12,708,000 | 97,301,000 |
| cash and cash equivalents | |||||||||
| cash | 13,866,000 | -439,000 | -6,393,000 | 11,060,000 | 1,757,000 | 5,080,000 | 1,260,000 | 3,602,000 | 7,781,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 13,866,000 | -439,000 | -6,393,000 | 11,060,000 | 1,757,000 | 5,080,000 | 1,260,000 | 3,602,000 | 7,781,000 |
kerridge commercial systems group limited Credit Report and Business Information
Kerridge Commercial Systems Group Limited Competitor Analysis
Perform a competitor analysis for kerridge commercial systems group limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in RG17 area or any other competitors across 12 key performance metrics.
kerridge commercial systems group limited Ownership
KERRIDGE COMMERCIAL SYSTEMS GROUP LIMITED group structure
Kerridge Commercial Systems Group Limited has 1 subsidiary company.
Ultimate parent company
KERRIDGE COMMERCIAL SYSTEMS GROUP LIMITED
09353225
1 subsidiary
kerridge commercial systems group limited directors
Kerridge Commercial Systems Group Limited currently has 2 directors. The longest serving directors include Mr Ian Bendelow (Feb 2015) and Mr Michael Jefferies (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Bendelow | 57 years | Feb 2015 | - | Director | |
| Mr Michael Jefferies | England | 47 years | Mar 2024 | - | Director |
P&L
September 2023turnover
155.9m
+16%
operating profit
14.6m
-50%
gross margin
86.8%
+0.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
47.3m
-0.33%
total assets
349.8m
+0.04%
cash
37.6m
+0.58%
net assets
Total assets minus all liabilities
kerridge commercial systems group limited company details
company number
09353225
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
December 2014
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
September 2023
previous names
florence topco limited (October 2017)
accountant
-
auditor
RSM UK AUDIT LLP
address
unit 2a herongate, charnham park, hungerford, berkshire, RG17 0YU
Bank
HSBC BANK PLC
Legal Advisor
-
kerridge commercial systems group 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 found 4 charges/mortgages relating to kerridge commercial systems group limited. Currently there are 2 open charges and 2 have been satisfied in the past.
kerridge commercial systems group limited Companies House Filings - See Documents
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