credico holdings limited
credico holdings limited Company Information
Company Number
09656655
Website
http://www.credico.comRegistered Address
suite d2 the quadrant, mercury court, chester, CH1 4QR
Industry
Activities of head offices
Telephone
441244573150
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
antoine nohra 66.7%
jesse young 33.3%
credico holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CREDICO HOLDINGS LIMITED at £1.8b based on a Turnover of £318.7m and 5.59x industry multiple (adjusted for size and gross margin).
credico holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CREDICO HOLDINGS LIMITED at £530.3m based on an EBITDA of £55.4m and a 9.57x industry multiple (adjusted for size and gross margin).
credico holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CREDICO HOLDINGS LIMITED at £79.4m based on Net Assets of £20.1m and 3.95x industry multiple (adjusted for liquidity).
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Credico Holdings Limited Overview
Credico Holdings Limited is a live company located in chester, CH1 4QR with a Companies House number of 09656655. It operates in the activities of head offices sector, SIC Code 70100. Founded in June 2015, it's largest shareholder is antoine nohra with a 66.7% stake. Credico Holdings Limited is a young, mega sized company, Pomanda has estimated its turnover at £318.7m with high growth in recent years.
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Credico Holdings Limited Health Check
Pomanda's financial health check has awarded Credico Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
3 Weak
Size
annual sales of £318.7m, make it larger than the average company (£20.3m)
£318.7m - Credico Holdings Limited
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (3.1%)
20% - Credico Holdings Limited
3.1% - Industry AVG
Production
with a gross margin of 26.6%, this company has a higher cost of product (33.2%)
26.6% - Credico Holdings Limited
33.2% - Industry AVG
Profitability
an operating margin of 17% make it more profitable than the average company (6%)
17% - Credico Holdings Limited
6% - Industry AVG
Employees
with 312 employees, this is above the industry average (119)
312 - Credico Holdings Limited
119 - Industry AVG
Pay Structure
on an average salary of £54.2k, the company has an equivalent pay structure (£45.8k)
£54.2k - Credico Holdings Limited
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£187.7k)
£1m - Credico Holdings Limited
£187.7k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is earlier than average (47 days)
31 days - Credico Holdings Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (45 days)
19 days - Credico Holdings Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (50 days)
0 days - Credico Holdings Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 44 weeks, this is more cash available to meet short term requirements (15 weeks)
44 weeks - Credico Holdings Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.3%, this is a higher level of debt than the average (57.4%)
74.3% - Credico Holdings Limited
57.4% - Industry AVG
CREDICO HOLDINGS LIMITED financials
Credico Holdings Limited's latest turnover from December 2022 is £318.7 million and the company has net assets of £20.1 million. According to their latest financial statements, Credico Holdings Limited has 312 employees and maintains cash reserves of £34 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 318,700,000 | 167,500,000 | 128,400,000 | 183,100,000 | 152,500,000 | 209,700,000 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 234,100,000 | 120,900,000 | 95,300,000 | 139,700,000 | 114,400,000 | 158,500,000 | |
| Gross Profit | 84,600,000 | 46,600,000 | 33,100,000 | 43,400,000 | 38,100,000 | 51,200,000 | |
| Admin Expenses | 30,500,000 | 24,600,000 | 18,300,000 | 22,000,000 | 19,000,000 | 29,200,000 | |
| Operating Profit | 54,100,000 | 22,000,000 | 14,800,000 | 21,400,000 | 19,100,000 | 22,000,000 | |
| Interest Payable | 900,000 | 1,100,000 | 800,000 | 800,000 | 400,000 | 500,000 | |
| Interest Receivable | 0 | 0 | 100,000 | 100,000 | 400,000 | 100,000 | |
| Pre-Tax Profit | 51,000,000 | 20,700,000 | 14,500,000 | 21,100,000 | 18,900,000 | 21,600,000 | |
| Tax | -13,700,000 | -6,100,000 | -4,400,000 | -5,900,000 | -5,600,000 | -8,500,000 | |
| Profit After Tax | 37,300,000 | 14,600,000 | 10,100,000 | 15,200,000 | 13,300,000 | 13,100,000 | |
| Dividends Paid | 30,400,000 | 8,100,000 | 6,700,000 | 24,400,000 | 11,900,000 | 3,600,000 | |
| Retained Profit | 6,300,000 | 6,600,000 | 3,200,000 | -9,700,000 | 1,200,000 | 9,400,000 | |
| Employee Costs | 16,900,000 | 16,000,000 | 13,900,000 | 12,900,000 | 9,200,000 | 9,400,000 | |
| Number Of Employees | 312 | 301 | 304 | 254 | 227 | 154 | |
| EBITDA* | 55,400,000 | 22,400,000 | 15,600,000 | 22,300,000 | 19,500,000 | 22,600,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,900,000 | 7,800,000 | 3,800,000 | 4,000,000 | 4,300,000 | 3,700,000 | 0 |
| Intangible Assets | 2,800,000 | 3,300,000 | 3,500,000 | 3,700,000 | 4,000,000 | 0 | 0 |
| Investments & Other | 300,000 | 300,000 | 1,200,000 | 900,000 | 400,000 | 2,200,000 | 1 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 11,000,000 | 11,400,000 | 8,500,000 | 8,600,000 | 8,700,000 | 5,900,000 | 1 |
| Stock & work in progress | 200,000 | 0 | 100,000 | 200,000 | 200,000 | 300,000 | 0 |
| Trade Debtors | 27,500,000 | 15,100,000 | 8,900,000 | 9,700,000 | 13,500,000 | 17,600,000 | 0 |
| Group Debtors | 0 | 0 | 0 | 3,200,000 | 600,000 | 2,700,000 | 0 |
| Misc Debtors | 6,200,000 | 10,800,000 | 10,000,000 | 12,500,000 | 11,800,000 | 5,200,000 | 0 |
| Cash | 34,000,000 | 19,700,000 | 10,900,000 | 7,500,000 | 10,400,000 | 11,000,000 | 1 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 67,900,000 | 45,600,000 | 29,900,000 | 33,100,000 | 36,500,000 | 36,800,000 | 1 |
| total assets | 78,900,000 | 57,000,000 | 38,400,000 | 41,700,000 | 45,200,000 | 42,700,000 | 2 |
| Bank overdraft | 0 | 0 | 0 | 0 | 1,800,000 | 1,800,000 | 0 |
| Bank loan | 2,700,000 | 2,400,000 | 2,200,000 | 2,300,000 | 0 | 0 | 0 |
| Trade Creditors | 12,200,000 | 5,400,000 | 3,200,000 | 4,800,000 | 5,500,000 | 5,600,000 | 1 |
| Group/Directors Accounts | 0 | 0 | 0 | 200,000 | 400,000 | 1,600,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 25,100,000 | 19,700,000 | 12,800,000 | 14,400,000 | 15,200,000 | 13,000,000 | 0 |
| total current liabilities | 40,000,000 | 27,500,000 | 18,200,000 | 21,700,000 | 22,900,000 | 22,000,000 | 1 |
| loans | 18,600,000 | 20,100,000 | 17,900,000 | 20,300,000 | 11,000,000 | 10,900,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 100,000 | 900,000 | 0 | 0 | 0 |
| provisions | 0 | 1,000,000 | 900,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 18,600,000 | 21,100,000 | 18,900,000 | 21,200,000 | 11,000,000 | 10,900,000 | 0 |
| total liabilities | 58,600,000 | 48,600,000 | 37,100,000 | 42,900,000 | 33,900,000 | 32,900,000 | 1 |
| net assets | 20,100,000 | 8,200,000 | 800,000 | -1,600,000 | 11,300,000 | 9,200,000 | 1 |
| total shareholders funds | 20,100,000 | 8,200,000 | 800,000 | -1,600,000 | 11,300,000 | 9,200,000 | 1 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 54,100,000 | 22,000,000 | 14,800,000 | 21,400,000 | 19,100,000 | 22,000,000 | |
| Depreciation | 800,000 | 500,000 | 400,000 | 500,000 | 400,000 | 600,000 | 0 |
| Amortisation | 500,000 | -100,000 | 400,000 | 400,000 | 0 | 0 | 0 |
| Tax | -13,700,000 | -6,100,000 | -4,400,000 | -5,900,000 | -5,600,000 | -8,500,000 | |
| Stock | 200,000 | -100,000 | -100,000 | 0 | -100,000 | 300,000 | 0 |
| Debtors | 7,800,000 | 7,000,000 | -6,500,000 | -500,000 | 400,000 | 25,500,000 | 0 |
| Creditors | 6,800,000 | 2,200,000 | -1,600,000 | -700,000 | -100,000 | 5,599,999 | 1 |
| Accruals and Deferred Income | 5,400,000 | 6,900,000 | -1,600,000 | -800,000 | 2,200,000 | 13,000,000 | 0 |
| Deferred Taxes & Provisions | -1,000,000 | 100,000 | 900,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 44,900,000 | 18,600,000 | 15,500,000 | 15,400,000 | 15,700,000 | 6,899,999 | |
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | -2,800,000 | -2,800,000 | |
| Change in Investments | 0 | -900,000 | 300,000 | 500,000 | -1,800,000 | 2,199,999 | 1 |
| cash flow from investments | 0 | 900,000 | -300,000 | -500,000 | -1,000,000 | -4,999,999 | |
| Financing Activities | |||||||
| Bank loans | 300,000 | 200,000 | -100,000 | 2,300,000 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -200,000 | -200,000 | -1,200,000 | 1,600,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -1,500,000 | 2,200,000 | -2,400,000 | 9,300,000 | 100,000 | 10,900,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -100,000 | -800,000 | 900,000 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -900,000 | -1,100,000 | -700,000 | -700,000 | 0 | -400,000 | |
| cash flow from financing | 3,500,000 | 2,000,000 | -5,000,000 | 8,400,000 | -200,000 | 11,899,999 | |
| cash and cash equivalents | |||||||
| cash | 14,300,000 | 8,800,000 | 3,400,000 | -2,900,000 | -600,000 | 10,999,999 | 1 |
| overdraft | 0 | 0 | 0 | -1,800,000 | 0 | 1,800,000 | 0 |
| change in cash | 14,300,000 | 8,800,000 | 3,400,000 | -1,100,000 | -600,000 | 9,199,999 | 1 |
credico holdings limited Credit Report and Business Information
Credico Holdings Limited Competitor Analysis
Perform a competitor analysis for credico holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
credico holdings limited Ownership
CREDICO HOLDINGS LIMITED group structure
Credico Holdings Limited has 6 subsidiary companies.
Ultimate parent company
CREDICO HOLDINGS LIMITED
09656655
6 subsidiaries
credico holdings limited directors
Credico Holdings Limited currently has 2 directors. The longest serving directors include Mr Antoine Nohra (Jun 2015) and Ms Jenny Linney (Jun 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Antoine Nohra | England | 55 years | Jun 2015 | - | Director |
| Ms Jenny Linney | England | 48 years | Jun 2018 | - | Director |
P&L
December 2022turnover
318.7m
+90%
operating profit
54.1m
+146%
gross margin
26.6%
-4.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
20.1m
+1.45%
total assets
78.9m
+0.38%
cash
34m
+0.73%
net assets
Total assets minus all liabilities
credico holdings limited company details
company number
09656655
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
June 2015
age
9
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
suite d2 the quadrant, mercury court, chester, CH1 4QR
last accounts submitted
December 2022
credico holdings 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 credico holdings limited.
credico holdings limited Companies House Filings - See Documents
| date | description | view/download |
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