cadent gas limited
cadent gas limited Company Information
Company Number
10080864
Website
cadentgas.comRegistered Address
cadent, pilot way, ansty, coventry, CV7 9JU
Industry
Distribution of gaseous fuels through mains
Telephone
08003898000
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
quadgas midco limited 100%
cadent gas limited Estimated Valuation
Pomanda estimates the enterprise value of CADENT GAS LIMITED at £7.3b based on a Turnover of £2.3b and 3.13x industry multiple (adjusted for size and gross margin).
cadent gas limited Estimated Valuation
Pomanda estimates the enterprise value of CADENT GAS LIMITED at £13.3b based on an EBITDA of £1.4b and a 9.71x industry multiple (adjusted for size and gross margin).
cadent gas limited Estimated Valuation
Pomanda estimates the enterprise value of CADENT GAS LIMITED at £6.3b based on Net Assets of £2.4b and 2.6x industry multiple (adjusted for liquidity).
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Cadent Gas Limited Overview
Cadent Gas Limited is a live company located in coventry, CV7 9JU with a Companies House number of 10080864. It operates in the distribution of gaseous fuels through mains sector, SIC Code 35220. Founded in March 2016, it's largest shareholder is quadgas midco limited with a 100% stake. Cadent Gas Limited is a young, mega sized company, Pomanda has estimated its turnover at £2.3b with low growth in recent years.
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Cadent Gas Limited Health Check
Pomanda's financial health check has awarded Cadent Gas Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £2.3b, make it larger than the average company (£34.4m)
£2.3b - Cadent Gas Limited
£34.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (8.7%)
3% - Cadent Gas Limited
8.7% - Industry AVG
Production
with a gross margin of 25.1%, this company has a comparable cost of product (25.1%)
25.1% - Cadent Gas Limited
25.1% - Industry AVG
Profitability
an operating margin of 40.4% make it more profitable than the average company (31.9%)
40.4% - Cadent Gas Limited
31.9% - Industry AVG
Employees
with 6018 employees, this is above the industry average (25)
6018 - Cadent Gas Limited
25 - Industry AVG
Pay Structure
on an average salary of £42.4k, the company has a lower pay structure (£57.8k)
£42.4k - Cadent Gas Limited
£57.8k - Industry AVG
Efficiency
resulting in sales per employee of £388.8k, this is less efficient (£1.5m)
£388.8k - Cadent Gas Limited
£1.5m - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (17 days)
1 days - Cadent Gas Limited
17 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is slower than average (18 days)
35 days - Cadent Gas Limited
18 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is more than average (1 days)
3 days - Cadent Gas Limited
1 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (6 weeks)
1 weeks - Cadent Gas Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 81.2%, this is a similar level of debt than the average (79.5%)
81.2% - Cadent Gas Limited
79.5% - Industry AVG
cadent gas limited Credit Report and Business Information
Cadent Gas Limited Competitor Analysis
Perform a competitor analysis for cadent gas limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cadent gas limited Ownership
CADENT GAS LIMITED group structure
Cadent Gas Limited has 3 subsidiary companies.
Ultimate parent company
QUADGAS HOLDINGS TOPCO LTD
#0111449
2 parents
CADENT GAS LIMITED
10080864
3 subsidiaries
cadent gas limited directors
Cadent Gas Limited currently has 22 directors. The longest serving directors include Dr Catherine Bell (Sep 2016) and Mr Mark Braithwaite (Mar 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Catherine Bell | England | 73 years | Sep 2016 | - | Director |
| Mr Mark Braithwaite | England | 58 years | Mar 2017 | - | Director |
| Mr Deven Karnik | England | 56 years | Mar 2017 | - | Director |
| Mr David Xie | England | 46 years | May 2017 | - | Director |
| Sir Adrian Montague | England | 76 years | Jul 2017 | - | Director |
| Mr Abdulla Al-Ansari | England | 36 years | May 2018 | - | Director |
| Mr Hua Su | England | 33 years | Aug 2018 | - | Director |
| Mr Mark Mathieson | Ireland | 57 years | Nov 2018 | - | Director |
| Mr Eduard Fidler | England | 47 years | Nov 2018 | - | Director |
| Mr Simon Fennell | United Kingdom | 44 years | May 2019 | - | Director |
CADENT GAS LIMITED financials
Cadent Gas Limited's latest turnover from March 2023 is £2.3 billion and the company has net assets of £2.4 billion. According to their latest financial statements, Cadent Gas Limited has 6,018 employees and maintains cash reserves of £21 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 | |
|---|---|---|---|---|---|---|---|
| Turnover | 2,340,000,000 | 1,984,000,000 | 2,075,000,000 | 2,115,000,000 | 1,995,000,000 | 1,852,000,000 | 961,000,000 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | 945,000,000 | 685,000,000 | 902,000,000 | 924,000,000 | 813,000,000 | 724,000,000 | 388,000,000 |
| Interest Payable | 398,000,000 | 326,000,000 | 144,000,000 | 162,000,000 | 144,000,000 | 147,000,000 | 93,000,000 |
| Interest Receivable | 193,000,000 | 10,000,000 | 22,000,000 | 18,000,000 | 15,000,000 | 2,000,000 | 1,000,000 |
| Pre-Tax Profit | 740,000,000 | 369,000,000 | 779,000,000 | 765,000,000 | 666,000,000 | 579,000,000 | 290,000,000 |
| Tax | -160,000,000 | -462,000,000 | -148,000,000 | -283,000,000 | -124,000,000 | -114,000,000 | -52,000,000 |
| Profit After Tax | 580,000,000 | -93,000,000 | 631,000,000 | 482,000,000 | 542,000,000 | 465,000,000 | 238,000,000 |
| Dividends Paid | 350,000,000 | 195,000,000 | 0 | 275,000,000 | 423,000,000 | 418,000,000 | 95,000,000 |
| Retained Profit | 230,000,000 | -288,000,000 | 631,000,000 | 207,000,000 | 119,000,000 | 47,000,000 | 143,000,000 |
| Employee Costs | 255,000,000 | 244,000,000 | 213,000,000 | 258,000,000 | 256,000,000 | 244,000,000 | 123,000,000 |
| Number Of Employees | 6,018 | 5,945 | 5,258 | 3,938 | 4,062 | 4,102 | 4,095 |
| EBITDA* | 1,368,000,000 | 1,085,000,000 | 1,276,000,000 | 1,267,000,000 | 1,132,000,000 | 1,029,000,000 | 540,000,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,788,000,000 | 12,985,000,000 | 11,267,000,000 | 11,670,000,000 | 9,996,000,000 | 9,407,000,000 | 8,595,000,000 |
| Intangible Assets | 48,000,000 | 70,000,000 | 88,000,000 | 90,000,000 | 63,000,000 | 59,000,000 | 88,000,000 |
| Investments & Other | 37,000,000 | 7,000,000 | 0 | 40,000,000 | 698,000,000 | 520,000,000 | 34,000,000 |
| Debtors (Due After 1 year) | 729,000,000 | 1,084,000,000 | 428,000,000 | 938,000,000 | 0 | 0 | 0 |
| Total Fixed Assets | 12,107,000,000 | 11,972,000,000 | 10,929,000,000 | 10,843,000,000 | 10,059,000,000 | 9,466,000,000 | 8,683,000,000 |
| Stock & work in progress | 15,000,000 | 11,000,000 | 12,000,000 | 10,000,000 | 10,000,000 | 6,000,000 | 7,000,000 |
| Trade Debtors | 8,000,000 | 12,000,000 | 17,000,000 | 10,000,000 | 16,000,000 | 27,000,000 | 15,000,000 |
| Group Debtors | 0 | 0 | 0 | 1,000,000 | 0 | 4,000,000 | 5,000,000 |
| Misc Debtors | 203,000,000 | 167,000,000 | 199,000,000 | 229,000,000 | 200,000,000 | 205,000,000 | 205,000,000 |
| Cash | 21,000,000 | 13,000,000 | 17,000,000 | 17,000,000 | 5,000,000 | 8,000,000 | 0 |
| misc current assets | 523,000,000 | 81,000,000 | 815,000,000 | 327,000,000 | 332,000,000 | 163,000,000 | 61,000,000 |
| total current assets | 794,000,000 | 290,000,000 | 1,063,000,000 | 594,000,000 | 563,000,000 | 413,000,000 | 293,000,000 |
| total assets | 12,901,000,000 | 12,262,000,000 | 11,992,000,000 | 11,437,000,000 | 10,622,000,000 | 9,879,000,000 | 8,976,000,000 |
| Bank overdraft | 0 | 0 | 5,000,000 | 8,000,000 | 9,000,000 | 5,000,000 | 60,000,000 |
| Bank loan | 0 | 0 | 3,000,000 | 3,000,000 | 2,000,000 | 2,000,000 | 0 |
| Trade Creditors | 171,000,000 | 132,000,000 | 269,000,000 | 280,000,000 | 276,000,000 | 213,000,000 | 176,000,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 150,000,000 | 43,000,000 | 289,000,000 | 41,000,000 | 40,000,000 | 39,000,000 | 0 |
| hp & lease commitments | 14,000,000 | 10,000,000 | 8,000,000 | 11,000,000 | 1,000,000 | 1,000,000 | 0 |
| other current liabilities | 356,000,000 | 297,000,000 | 313,000,000 | 329,000,000 | 366,000,000 | 311,000,000 | 288,000,000 |
| total current liabilities | 691,000,000 | 482,000,000 | 887,000,000 | 672,000,000 | 694,000,000 | 571,000,000 | 524,000,000 |
| loans | 15,364,000,000 | 14,255,000,000 | 14,503,000,000 | 14,037,000,000 | 13,404,000,000 | 12,666,000,000 | 11,975,000,000 |
| hp & lease commitments | 84,000,000 | 69,000,000 | 16,000,000 | 20,000,000 | 5,000,000 | 6,000,000 | 0 |
| Accruals and Deferred Income | 30,000,000 | 16,000,000 | 8,000,000 | 12,000,000 | 27,000,000 | 894,000,000 | 855,000,000 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 3,888,000,000 | 3,976,000,000 | 2,866,000,000 | 3,090,000,000 | 2,706,000,000 | 2,384,000,000 | 2,278,000,000 |
| total long term liabilities | 9,781,000,000 | 9,266,000,000 | 8,750,000,000 | 8,612,000,000 | 8,101,000,000 | 8,422,000,000 | 7,987,000,000 |
| total liabilities | 10,472,000,000 | 9,748,000,000 | 9,637,000,000 | 9,284,000,000 | 8,795,000,000 | 8,993,000,000 | 8,511,000,000 |
| net assets | 2,429,000,000 | 2,514,000,000 | 2,355,000,000 | 2,153,000,000 | 1,827,000,000 | 886,000,000 | 465,000,000 |
| total shareholders funds | 2,429,000,000 | 2,514,000,000 | 2,355,000,000 | 2,153,000,000 | 1,827,000,000 | 886,000,000 | 465,000,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 945,000,000 | 685,000,000 | 902,000,000 | 924,000,000 | 813,000,000 | 724,000,000 | 388,000,000 |
| Depreciation | 403,000,000 | 379,000,000 | 356,000,000 | 324,000,000 | 293,000,000 | 274,000,000 | 152,000,000 |
| Amortisation | 20,000,000 | 21,000,000 | 18,000,000 | 19,000,000 | 26,000,000 | 31,000,000 | 0 |
| Tax | -160,000,000 | -462,000,000 | -148,000,000 | -283,000,000 | -124,000,000 | -114,000,000 | -52,000,000 |
| Stock | 4,000,000 | -1,000,000 | 2,000,000 | 0 | 4,000,000 | -1,000,000 | 7,000,000 |
| Debtors | -323,000,000 | 619,000,000 | -534,000,000 | 962,000,000 | -20,000,000 | 11,000,000 | 225,000,000 |
| Creditors | 39,000,000 | -137,000,000 | -11,000,000 | 4,000,000 | 63,000,000 | 37,000,000 | 176,000,000 |
| Accruals and Deferred Income | 73,000,000 | -8,000,000 | -20,000,000 | -52,000,000 | -812,000,000 | 62,000,000 | 1,143,000,000 |
| Deferred Taxes & Provisions | -88,000,000 | 1,110,000,000 | -224,000,000 | 384,000,000 | 322,000,000 | 106,000,000 | 2,278,000,000 |
| Cash flow from operations | 1,551,000,000 | 970,000,000 | 1,405,000,000 | 358,000,000 | 597,000,000 | 1,110,000,000 | 3,853,000,000 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 30,000,000 | 7,000,000 | -40,000,000 | -658,000,000 | 178,000,000 | 486,000,000 | 34,000,000 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | -3,000,000 | 0 | 1,000,000 | 0 | 2,000,000 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 107,000,000 | -246,000,000 | 248,000,000 | 1,000,000 | 1,000,000 | 39,000,000 | 0 |
| Long term loans | 1,109,000,000 | -248,000,000 | 466,000,000 | 633,000,000 | 738,000,000 | 691,000,000 | 11,975,000,000 |
| Hire Purchase and Lease Commitments | 19,000,000 | 55,000,000 | -7,000,000 | 25,000,000 | -1,000,000 | 7,000,000 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -205,000,000 | -316,000,000 | -122,000,000 | -144,000,000 | -129,000,000 | -145,000,000 | -92,000,000 |
| cash flow from financing | 715,000,000 | -311,000,000 | 156,000,000 | 635,000,000 | 1,431,000,000 | 968,000,000 | 12,205,000,000 |
| cash and cash equivalents | |||||||
| cash | 8,000,000 | -4,000,000 | 0 | 12,000,000 | -3,000,000 | 8,000,000 | 0 |
| overdraft | 0 | -5,000,000 | -3,000,000 | -1,000,000 | 4,000,000 | -55,000,000 | 60,000,000 |
| change in cash | 8,000,000 | 1,000,000 | 3,000,000 | 13,000,000 | -7,000,000 | 63,000,000 | -60,000,000 |
P&L
March 2023turnover
2.3b
+18%
operating profit
945m
+38%
gross margin
25.1%
+4.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.4b
-0.03%
total assets
12.9b
+0.05%
cash
21m
+0.62%
net assets
Total assets minus all liabilities
cadent gas limited company details
company number
10080864
Type
Private limited with Share Capital
industry
35220 - Distribution of gaseous fuels through mains
incorporation date
March 2016
age
8
accounts
Group
ultimate parent company
previous names
national grid gas distribution limited (May 2017)
national grid thirty seven limited (May 2016)
incorporated
UK
address
cadent, pilot way, ansty, coventry, CV7 9JU
last accounts submitted
March 2023
cadent gas 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 1 charges/mortgages relating to cadent gas limited. Currently there are 0 open charges and 1 have been satisfied in the past.
cadent gas limited Companies House Filings - See Documents
| date | description | view/download |
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