howden enterprises ltd
howden enterprises ltd Company Information
Company Number
NI635402
Next Accounts
52 days late
Industry
Growing of vegetables and melons, roots and tubers
Shareholders
k hughes & co ltd
Group Structure
View All
Contact
Registered Address
118 trew mount road, dungannon, county tyrone, BT71 7EF
Website
http://www.hughesgroup.ltdhowden enterprises ltd Estimated Valuation
Pomanda estimates the enterprise value of HOWDEN ENTERPRISES LTD at £2.2m based on a Turnover of £6.5m and 0.34x industry multiple (adjusted for size and gross margin).
howden enterprises ltd Estimated Valuation
Pomanda estimates the enterprise value of HOWDEN ENTERPRISES LTD at £712.3k based on an EBITDA of £181.5k and a 3.92x industry multiple (adjusted for size and gross margin).
howden enterprises ltd Estimated Valuation
Pomanda estimates the enterprise value of HOWDEN ENTERPRISES LTD at £0 based on Net Assets of £-3.7m and 1.31x industry multiple (adjusted for liquidity).
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Howden Enterprises Ltd Overview
Howden Enterprises Ltd is a live company located in county tyrone, BT71 7EF with a Companies House number of NI635402. It operates in the growing of vegetables and melons, roots and tubers sector, SIC Code 01130. Founded in December 2015, it's largest shareholder is k hughes & co ltd with a 100% stake. Howden Enterprises Ltd is a young, mid sized company, Pomanda has estimated its turnover at £6.5m with high growth in recent years.
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Howden Enterprises Ltd Health Check
Pomanda's financial health check has awarded Howden Enterprises Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £6.5m, make it in line with the average company (£7.3m)
£6.5m - Howden Enterprises Ltd
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (3.8%)
- Howden Enterprises Ltd
3.8% - Industry AVG
Production
with a gross margin of 15.4%, this company has a comparable cost of product (15.2%)
15.4% - Howden Enterprises Ltd
15.2% - Industry AVG
Profitability
an operating margin of -5.9% make it less profitable than the average company (1.3%)
-5.9% - Howden Enterprises Ltd
1.3% - Industry AVG
Employees
with 50 employees, this is similar to the industry average (45)
50 - Howden Enterprises Ltd
45 - Industry AVG
Pay Structure
on an average salary of £49.7k, the company has a higher pay structure (£30k)
£49.7k - Howden Enterprises Ltd
£30k - Industry AVG
Efficiency
resulting in sales per employee of £129.9k, this is equally as efficient (£116.3k)
£129.9k - Howden Enterprises Ltd
£116.3k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (26 days)
0 days - Howden Enterprises Ltd
26 days - Industry AVG
Creditor Days
its suppliers are paid after 75 days, this is slower than average (31 days)
75 days - Howden Enterprises Ltd
31 days - Industry AVG
Stock Days
it holds stock equivalent to 17 days, this is less than average (26 days)
17 days - Howden Enterprises Ltd
26 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)
0 weeks - Howden Enterprises Ltd
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 126.1%, this is a higher level of debt than the average (61.4%)
126.1% - Howden Enterprises Ltd
61.4% - Industry AVG
HOWDEN ENTERPRISES LTD financials
Howden Enterprises Ltd's latest turnover from December 2022 is £6.5 million and the company has net assets of -£3.7 million. According to their latest financial statements, Howden Enterprises Ltd has 50 employees and maintains cash reserves of £22.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 6,495,198 | 5,707,605 | |||||
| Other Income Or Grants | 0 | 0 | |||||
| Cost Of Sales | 5,493,909 | 4,746,173 | |||||
| Gross Profit | 1,001,289 | 961,432 | |||||
| Admin Expenses | 1,382,964 | 1,189,672 | |||||
| Operating Profit | -381,675 | -228,240 | |||||
| Interest Payable | 241,181 | 182,506 | |||||
| Interest Receivable | 0 | 0 | |||||
| Pre-Tax Profit | -622,856 | -410,746 | |||||
| Tax | -31,692 | -262,368 | |||||
| Profit After Tax | -654,548 | -673,114 | |||||
| Dividends Paid | 0 | 0 | |||||
| Retained Profit | -654,548 | -673,114 | |||||
| Employee Costs | 2,486,735 | 2,209,739 | |||||
| Number Of Employees | 50 | 65 | 53 | 52 | 38 | 18 | |
| EBITDA* | 181,543 | 356,774 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 13,333,152 | 13,867,093 | 12,969,100 | 12,521,236 | 12,409,063 | 8,859,976 | 489,426 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 13,333,152 | 13,867,093 | 12,969,100 | 12,521,236 | 12,409,063 | 8,859,976 | 489,426 |
| Stock & work in progress | 260,544 | 249,660 | 145,593 | 133,831 | 170,807 | 99,298 | 0 |
| Trade Debtors | 11,186 | 84,085 | 43,001 | 225,421 | 300,001 | 12,627 | 0 |
| Group Debtors | 39,203 | 39,050 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 513,499 | 193,253 | 193,513 | 195,611 | 117,917 | 1,029,810 | 877,966 |
| Cash | 22,643 | 63,547 | 160,729 | 0 | 2,812 | 24,187 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 847,075 | 629,595 | 542,836 | 554,863 | 591,537 | 1,165,922 | 877,966 |
| total assets | 14,180,227 | 14,496,688 | 13,511,936 | 13,076,099 | 13,000,600 | 10,025,898 | 1,367,392 |
| Bank overdraft | 957,367 | 706,144 | 1,019,752 | 1,028,950 | 999,752 | 328,882 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,139,608 | 1,078,082 | 677,245 | 741,381 | 684,787 | 537,027 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 298,503 | 339,564 | 107,068 | 231,132 | 375,976 | 366,500 | 0 |
| total current liabilities | 2,395,478 | 2,123,790 | 1,804,065 | 2,001,463 | 2,060,515 | 1,232,409 | 0 |
| loans | 15,112,794 | 15,078,087 | 14,002,314 | 13,196,795 | 12,589,544 | 9,498,473 | 1,367,391 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| provisions | 365,448 | 333,756 | 71,388 | 20,509 | 16,562 | 16,562 | 0 |
| total long term liabilities | 15,478,242 | 15,411,843 | 14,073,702 | 13,217,304 | 12,606,106 | 9,515,035 | 1,367,391 |
| total liabilities | 17,873,720 | 17,535,633 | 15,877,767 | 15,218,767 | 14,666,621 | 10,747,444 | 1,367,391 |
| net assets | -3,693,493 | -3,038,945 | -2,365,831 | -2,142,668 | -1,666,021 | -721,546 | 1 |
| total shareholders funds | -3,693,493 | -3,038,945 | -2,365,831 | -2,142,668 | -1,666,021 | -721,546 | 1 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -381,675 | -228,240 | |||||
| Depreciation | 563,218 | 585,014 | 529,781 | 492,542 | 475,984 | 71,004 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -31,692 | -262,368 | |||||
| Stock | 10,884 | 104,067 | 11,762 | -36,976 | 71,509 | 99,298 | 0 |
| Debtors | 247,500 | 79,874 | -184,518 | 3,114 | -624,519 | 164,471 | 877,966 |
| Creditors | 61,526 | 400,837 | -64,136 | 56,594 | 147,760 | 537,027 | 0 |
| Accruals and Deferred Income | -41,061 | 232,496 | -124,064 | -144,844 | 9,476 | 366,500 | 0 |
| Deferred Taxes & Provisions | 31,692 | 262,368 | 50,879 | 3,947 | 0 | 16,562 | 0 |
| Cash flow from operations | -56,376 | 806,166 | |||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 34,707 | 1,075,773 | 805,519 | 607,251 | 3,091,071 | 8,131,082 | 1,367,391 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -241,181 | -182,506 | |||||
| cash flow from financing | -206,474 | 893,267 | |||||
| cash and cash equivalents | |||||||
| cash | -40,904 | -97,182 | 160,729 | -2,812 | -21,375 | 24,187 | 0 |
| overdraft | 251,223 | -313,608 | -9,198 | 29,198 | 670,870 | 328,882 | 0 |
| change in cash | -292,127 | 216,426 | 169,927 | -32,010 | -692,245 | -304,695 | 0 |
howden enterprises ltd Credit Report and Business Information
Howden Enterprises Ltd Competitor Analysis
Perform a competitor analysis for howden enterprises ltd by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other mid companies, companies in BT71 area or any other competitors across 12 key performance metrics.
howden enterprises ltd Ownership
HOWDEN ENTERPRISES LTD group structure
Howden Enterprises Ltd has no subsidiary companies.
Ultimate parent company
2 parents
HOWDEN ENTERPRISES LTD
NI635402
howden enterprises ltd directors
Howden Enterprises Ltd currently has 3 directors. The longest serving directors include Mr Emmet Hughes (Dec 2015) and Mr Kieran Hughes (Dec 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Emmet Hughes | Northern Ireland | 42 years | Dec 2015 | - | Director |
| Mr Kieran Hughes | Northern Ireland | 71 years | Dec 2015 | - | Director |
| Mr Ciaran-Og Hughes | 41 years | Dec 2015 | - | Director |
P&L
December 2022turnover
6.5m
+14%
operating profit
-381.7k
+67%
gross margin
15.5%
-8.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-3.7m
+0.22%
total assets
14.2m
-0.02%
cash
22.6k
-0.64%
net assets
Total assets minus all liabilities
howden enterprises ltd company details
company number
NI635402
Type
Private limited with Share Capital
industry
01130 - Growing of vegetables and melons, roots and tubers
incorporation date
December 2015
age
9
incorporated
UK
ultimate parent company
accounts
Medium Company
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
MANEELY MCCANN
address
118 trew mount road, dungannon, county tyrone, BT71 7EF
Bank
ALLIED IRISH BANK
Legal Advisor
-
howden enterprises ltd 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 16 charges/mortgages relating to howden enterprises ltd. Currently there are 7 open charges and 9 have been satisfied in the past.
howden enterprises ltd Companies House Filings - See Documents
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