higher spen equine limited
higher spen equine limited Company Information
Company Number
10769462
Next Accounts
12 days late
Shareholders
olivia jane turner
charles justin turner
Group Structure
View All
Industry
Farm animal boarding and care
Registered Address
28 eaton avenue, matrix office park, chorley, lancashire, PR7 7NA
Website
www.higherspenequine.co.ukhigher spen equine limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHER SPEN EQUINE LIMITED at £122.9k based on a Turnover of £238.8k and 0.51x industry multiple (adjusted for size and gross margin).
higher spen equine limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHER SPEN EQUINE LIMITED at £275.4k based on an EBITDA of £70.7k and a 3.89x industry multiple (adjusted for size and gross margin).
higher spen equine limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHER SPEN EQUINE LIMITED at £68.7k based on Net Assets of £47.1k and 1.46x industry multiple (adjusted for liquidity).
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Higher Spen Equine Limited Overview
Higher Spen Equine Limited is a live company located in chorley, PR7 7NA with a Companies House number of 10769462. It operates in the farm animal boarding and care sector, SIC Code 01621. Founded in May 2017, it's largest shareholder is olivia jane turner with a 50% stake. Higher Spen Equine Limited is a young, micro sized company, Pomanda has estimated its turnover at £238.8k with healthy growth in recent years.
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Higher Spen Equine Limited Health Check
Pomanda's financial health check has awarded Higher Spen Equine Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £238.8k, make it smaller than the average company (£410.2k)
- Higher Spen Equine Limited
£410.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (13.2%)
- Higher Spen Equine Limited
13.2% - Industry AVG
Production
with a gross margin of 69%, this company has a comparable cost of product (69%)
- Higher Spen Equine Limited
69% - Industry AVG
Profitability
an operating margin of 24.9% make it more profitable than the average company (-3%)
- Higher Spen Equine Limited
-3% - Industry AVG
Employees
with 7 employees, this is below the industry average (14)
7 - Higher Spen Equine Limited
14 - Industry AVG
Pay Structure
on an average salary of £18k, the company has an equivalent pay structure (£18k)
- Higher Spen Equine Limited
£18k - Industry AVG
Efficiency
resulting in sales per employee of £34.1k, this is equally as efficient (£38.1k)
- Higher Spen Equine Limited
£38.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Higher Spen Equine Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (27 days)
- Higher Spen Equine Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Higher Spen Equine Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (219 weeks)
0 weeks - Higher Spen Equine Limited
219 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.6%, this is a higher level of debt than the average (5.1%)
92.6% - Higher Spen Equine Limited
5.1% - Industry AVG
HIGHER SPEN EQUINE LIMITED financials
Higher Spen Equine Limited's latest turnover from May 2023 is estimated at £238.8 thousand and the company has net assets of £47.1 thousand. According to their latest financial statements, Higher Spen Equine Limited has 7 employees and maintains cash reserves of £2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 7 | 9 | 10 | 6 | 4 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 637,310 | 643,944 | 654,167 | 653,273 | 658,898 | 660,652 |
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 637,310 | 643,944 | 654,167 | 653,273 | 658,898 | 660,652 |
| Stock & work in progress | 450 | 450 | 450 | 450 | 2,004 | 4,300 |
| Trade Debtors | 390 | 2,740 | ||||
| Group Debtors | ||||||
| Misc Debtors | 940 | 1,880 | 2,820 | 3,760 | ||
| Cash | 1,956 | 2,912 | 817 | 35,984 | 359 | |
| misc current assets | ||||||
| total current assets | 2,406 | 3,362 | 2,207 | 38,314 | 5,214 | 11,159 |
| total assets | 639,716 | 647,306 | 656,374 | 691,587 | 664,112 | 671,811 |
| Bank overdraft | 30,057 | 28,906 | 29,898 | 23,898 | 23,845 | 24,063 |
| Bank loan | ||||||
| Trade Creditors | 5,057 | 2,184 | 2,131 | 2,165 | 2,031 | 2,490 |
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 101,435 | 99,566 | 91,757 | 98,812 | 91,881 | 11,823 |
| total current liabilities | 136,549 | 130,656 | 123,786 | 124,875 | 117,757 | 38,376 |
| loans | 286,642 | 305,303 | 332,466 | 361,372 | 355,270 | 378,176 |
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | 167,963 | 179,943 | 182,024 | 187,869 | 187,963 | 253,224 |
| provisions | 1,447 | 3,315 | 2,610 | 2,940 | 2,412 | 1,482 |
| total long term liabilities | 456,052 | 488,561 | 517,100 | 552,181 | 545,645 | 632,882 |
| total liabilities | 592,601 | 619,217 | 640,886 | 677,056 | 663,402 | 671,258 |
| net assets | 47,115 | 28,089 | 15,488 | 14,531 | 710 | 553 |
| total shareholders funds | 47,115 | 28,089 | 15,488 | 14,531 | 710 | 553 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 11,310 | 10,735 | 10,713 | 9,410 | 8,994 | 7,658 |
| Amortisation | ||||||
| Tax | ||||||
| Stock | -1,554 | -2,296 | 4,300 | |||
| Debtors | -940 | -940 | -1,330 | -3,290 | 6,500 | |
| Creditors | 2,873 | 53 | -34 | 134 | -459 | 2,490 |
| Accruals and Deferred Income | 1,869 | 7,809 | -7,055 | 6,931 | 80,058 | 11,823 |
| Deferred Taxes & Provisions | -1,868 | 705 | -330 | 528 | 930 | 1,482 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | -18,661 | -27,163 | -28,906 | 6,102 | -22,906 | 378,176 |
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | -11,980 | -2,081 | -5,845 | -94 | -65,261 | 253,224 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -956 | 2,095 | -35,167 | 35,984 | -359 | 359 |
| overdraft | 1,151 | -992 | 6,000 | 53 | -218 | 24,063 |
| change in cash | -2,107 | 3,087 | -41,167 | 35,931 | -141 | -23,704 |
higher spen equine limited Credit Report and Business Information
Higher Spen Equine Limited Competitor Analysis
Perform a competitor analysis for higher spen equine limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other micro companies, companies in PR7 area or any other competitors across 12 key performance metrics.
higher spen equine limited Ownership
HIGHER SPEN EQUINE LIMITED group structure
Higher Spen Equine Limited has no subsidiary companies.
Ultimate parent company
HIGHER SPEN EQUINE LIMITED
10769462
higher spen equine limited directors
Higher Spen Equine Limited currently has 2 directors. The longest serving directors include Mr Charles Turner (May 2017) and Mrs Olivia Turner (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Charles Turner | 53 years | May 2017 | - | Director | |
| Mrs Olivia Turner | 47 years | May 2017 | - | Director |
P&L
May 2023turnover
238.8k
-20%
operating profit
59.4k
0%
gross margin
69.1%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
47.1k
+0.68%
total assets
639.7k
-0.01%
cash
2k
-0.33%
net assets
Total assets minus all liabilities
higher spen equine limited company details
company number
10769462
Type
Private limited with Share Capital
industry
01621 - Farm animal boarding and care
incorporation date
May 2017
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
N/A
accountant
MCMILLAN & CO LLP
auditor
-
address
28 eaton avenue, matrix office park, chorley, lancashire, PR7 7NA
Bank
-
Legal Advisor
-
higher spen equine 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 higher spen equine limited.
higher spen equine 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 HIGHER SPEN EQUINE LIMITED. This can take several minutes, an email will notify you when this has completed.
higher spen equine limited Companies House Filings - See Documents
| date | description | view/download |
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