hatch brothers limited
hatch brothers limited Company Information
Company Number
NI640138
Next Accounts
May 2025
Industry
Manufacture of bread; manufacture of fresh pastry goods and cakes
Directors
Shareholders
nicola allen
paul martin allen
Group Structure
View All
Contact
Registered Address
31 aughrim road, magherafelt, BT45 6BB
Website
-hatch brothers limited Estimated Valuation
Pomanda estimates the enterprise value of HATCH BROTHERS LIMITED at £17.4m based on a Turnover of £22.9m and 0.76x industry multiple (adjusted for size and gross margin).
hatch brothers limited Estimated Valuation
Pomanda estimates the enterprise value of HATCH BROTHERS LIMITED at £11.3m based on an EBITDA of £2.1m and a 5.48x industry multiple (adjusted for size and gross margin).
hatch brothers limited Estimated Valuation
Pomanda estimates the enterprise value of HATCH BROTHERS LIMITED at £4.6m based on Net Assets of £2.1m and 2.15x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Hatch Brothers Limited Overview
Hatch Brothers Limited is a live company located in magherafelt, BT45 6BB with a Companies House number of NI640138. It operates in the manufacture of bread sector, SIC Code 10710. Founded in August 2016, it's largest shareholder is nicola allen with a 50% stake. Hatch Brothers Limited is a young, large sized company, Pomanda has estimated its turnover at £22.9m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Hatch Brothers Limited Health Check
Pomanda's financial health check has awarded Hatch Brothers Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £22.9m, make it larger than the average company (£14.7m)
£22.9m - Hatch Brothers Limited
£14.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.6%)
4% - Hatch Brothers Limited
6.6% - Industry AVG
Production
with a gross margin of 23.5%, this company has a comparable cost of product (27.8%)
23.5% - Hatch Brothers Limited
27.8% - Industry AVG
Profitability
an operating margin of 4.2% make it more profitable than the average company (2.9%)
4.2% - Hatch Brothers Limited
2.9% - Industry AVG
Employees
with 171 employees, this is similar to the industry average (169)
171 - Hatch Brothers Limited
169 - Industry AVG
Pay Structure
on an average salary of £45.8k, the company has a higher pay structure (£28.4k)
£45.8k - Hatch Brothers Limited
£28.4k - Industry AVG
Efficiency
resulting in sales per employee of £133.7k, this is more efficient (£98.3k)
£133.7k - Hatch Brothers Limited
£98.3k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (42 days)
22 days - Hatch Brothers Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is quicker than average (43 days)
35 days - Hatch Brothers Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 30 days, this is in line with average (26 days)
30 days - Hatch Brothers Limited
26 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (10 weeks)
4 weeks - Hatch Brothers Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.3%, this is a higher level of debt than the average (57.9%)
71.3% - Hatch Brothers Limited
57.9% - Industry AVG
HATCH BROTHERS LIMITED financials
Hatch Brothers Limited's latest turnover from August 2023 is £22.9 million and the company has net assets of £2.1 million. According to their latest financial statements, Hatch Brothers Limited has 171 employees and maintains cash reserves of £312.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | 22,867,917 | 21,576,700 | 19,018,323 | 20,154,354 | 21,442,448 | 0 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 17,482,702 | 16,755,783 | 15,082,651 | 17,046,513 | 17,786,998 | 0 | |
| Gross Profit | 5,385,215 | 4,820,917 | 3,935,672 | 3,107,841 | 3,655,450 | 0 | |
| Admin Expenses | 4,419,240 | 4,411,737 | 3,788,287 | 3,109,599 | 2,329,342 | 2,500 | |
| Operating Profit | 965,975 | 409,180 | 147,385 | -1,758 | 1,326,108 | -2,500 | |
| Interest Payable | 255,615 | 194,665 | 169,954 | 267,835 | 198,032 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | 864,671 | 238,740 | -22,569 | -269,593 | 1,128,076 | -2,500 | |
| Tax | -46,629 | 130,818 | 179,577 | 355,521 | -436,919 | 0 | |
| Profit After Tax | 818,042 | 369,558 | 157,008 | 85,928 | 691,157 | -2,500 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 818,042 | 369,558 | 157,008 | 85,928 | 691,157 | -2,500 | |
| Employee Costs | 7,823,381 | 7,450,491 | 6,996,122 | 7,435,425 | 7,595,730 | 0 | |
| Number Of Employees | 171 | 244 | 309 | 311 | 287 | ||
| EBITDA* | 2,057,108 | 1,499,528 | 1,214,984 | 988,403 | 2,236,248 | 509,375 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,505,971 | 3,036,182 | 3,237,175 | 3,708,864 | 3,696,999 | 3,196,906 | 125,535 |
| Intangible Assets | 0 | -427,626 | -831,124 | -1,138,168 | -1,672,054 | 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 | 3,505,971 | 2,608,556 | 2,406,051 | 2,570,696 | 2,024,945 | 3,196,906 | 125,535 |
| Stock & work in progress | 1,441,257 | 1,532,524 | 997,357 | 962,088 | 1,221,615 | 861,208 | 0 |
| Trade Debtors | 1,432,531 | 1,954,614 | 1,639,078 | 1,323,231 | 2,122,133 | 2,048,267 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 678,948 | 685,204 | 906,076 | 721,256 | 561,317 | 0 | 0 |
| Cash | 312,434 | 712,963 | 649,268 | 454,088 | 81,846 | 250,826 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,865,170 | 4,885,305 | 4,191,779 | 3,460,663 | 3,986,911 | 3,160,301 | 0 |
| total assets | 7,371,141 | 7,493,861 | 6,597,830 | 6,031,359 | 6,011,856 | 6,357,207 | 125,535 |
| Bank overdraft | 1,403,154 | 1,658,047 | 1,369,831 | 1,068,215 | 1,113,659 | 0 | 0 |
| Bank loan | 9,965 | 9,722 | 13,328 | 2,419 | 0 | 0 | 0 |
| Trade Creditors | 1,721,524 | 2,245,114 | 1,455,303 | 1,263,298 | 1,451,739 | 0 | 125,533 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 239,924 | 354,636 | 322,691 | 322,689 | 299,937 | 183,000 | 0 |
| other current liabilities | 608,520 | 743,053 | 1,009,986 | 997,463 | 726,589 | 1,377,013 | 0 |
| total current liabilities | 3,983,087 | 5,010,572 | 4,171,139 | 3,654,084 | 3,591,924 | 1,560,013 | 125,533 |
| loans | 18,339 | 28,403 | 34,375 | 47,581 | 0 | 0 | 0 |
| hp & lease commitments | 653,587 | 315,865 | 505,271 | 812,714 | 967,159 | 732,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 95,620 | 443,801 | 579,912 | 309,357 | 327,195 | 250,825 | 0 |
| provisions | 501,313 | 394,067 | 375,538 | 433,036 | 436,919 | 0 | 0 |
| total long term liabilities | 1,268,859 | 1,182,136 | 1,495,096 | 1,602,688 | 1,731,273 | 982,825 | 0 |
| total liabilities | 5,251,946 | 6,192,708 | 5,666,235 | 5,256,772 | 5,323,197 | 2,542,838 | 125,533 |
| net assets | 2,119,195 | 1,301,153 | 931,595 | 774,587 | 688,659 | 3,814,369 | 2 |
| total shareholders funds | 2,119,195 | 1,301,153 | 931,595 | 774,587 | 688,659 | 3,814,369 | 2 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Jan 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 965,975 | 409,180 | 147,385 | -1,758 | 1,326,108 | -2,500 | |
| Depreciation | 663,507 | 686,850 | 695,396 | 581,133 | 463,759 | 511,875 | |
| Amortisation | 427,626 | 403,498 | 372,203 | 409,028 | 446,381 | 0 | |
| Tax | -46,629 | 130,818 | 179,577 | 355,521 | -436,919 | 0 | |
| Stock | -91,267 | 535,167 | 35,269 | -259,527 | 360,407 | 861,208 | 0 |
| Debtors | -528,339 | 94,664 | 500,667 | -638,963 | 635,183 | 2,048,267 | 0 |
| Creditors | -523,590 | 789,811 | 192,005 | -188,441 | 1,451,739 | 0 | 125,533 |
| Accruals and Deferred Income | -134,533 | -266,933 | 12,523 | 270,874 | -650,424 | 1,377,013 | 0 |
| Deferred Taxes & Provisions | 107,246 | 18,529 | -57,498 | -3,883 | 436,919 | 0 | 0 |
| Cash flow from operations | 2,079,208 | 1,541,922 | 1,005,655 | 2,320,964 | 2,041,973 | -1,023,087 | |
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 1,148,621 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 1,148,621 | |
| Financing Activities | |||||||
| Bank loans | 243 | -3,606 | 10,909 | 2,419 | 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 | -10,064 | -5,972 | -13,206 | 47,581 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 223,010 | -157,461 | -307,441 | -131,693 | 352,096 | 915,000 | 0 |
| other long term liabilities | -348,181 | -136,111 | 270,555 | -17,838 | 76,370 | 250,825 | 0 |
| share issue | |||||||
| interest | -255,615 | -194,665 | -169,954 | -267,835 | -198,032 | 0 | |
| cash flow from financing | -390,607 | -497,815 | -209,137 | -367,366 | -3,586,433 | 4,982,694 | |
| cash and cash equivalents | |||||||
| cash | -400,529 | 63,695 | 195,180 | 372,242 | -168,980 | 250,826 | 0 |
| overdraft | -254,893 | 288,216 | 301,616 | -45,444 | 1,113,659 | 0 | 0 |
| change in cash | -145,636 | -224,521 | -106,436 | 417,686 | -1,282,639 | 250,826 | 0 |
hatch brothers limited Credit Report and Business Information
Hatch Brothers Limited Competitor Analysis
Perform a competitor analysis for hatch brothers limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in BT45 area or any other competitors across 12 key performance metrics.
hatch brothers limited Ownership
HATCH BROTHERS LIMITED group structure
Hatch Brothers Limited has no subsidiary companies.
Ultimate parent company
HATCH BROTHERS LIMITED
NI640138
hatch brothers limited directors
Hatch Brothers Limited currently has 1 director, Mr Paul Allen serving since Aug 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Allen | 56 years | Aug 2016 | - | Director |
P&L
August 2023turnover
22.9m
+6%
operating profit
966k
+136%
gross margin
23.6%
+5.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
2.1m
+0.63%
total assets
7.4m
-0.02%
cash
312.4k
-0.56%
net assets
Total assets minus all liabilities
hatch brothers limited company details
company number
NI640138
Type
Private limited with Share Capital
industry
10710 - Manufacture of bread; manufacture of fresh pastry goods and cakes
incorporation date
August 2016
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
WILLIAM WILSON CHARTERED ACCOUNTANTS
address
31 aughrim road, magherafelt, BT45 6BB
Bank
DANSKE BANK
Legal Advisor
-
hatch brothers 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 5 charges/mortgages relating to hatch brothers limited. Currently there are 3 open charges and 2 have been satisfied in the past.
hatch brothers 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 HATCH BROTHERS LIMITED. This can take several minutes, an email will notify you when this has completed.
hatch brothers limited Companies House Filings - See Documents
| date | description | view/download |
|---|
