heart of midlothian plc

5

heart of midlothian plc Company Information

Share HEART OF MIDLOTHIAN PLC
Live 
MatureLargeHigh

Company Number

SC005863

Registered Address

collins house rutland square, edinburgh, midlothian, EH1 2AA

Industry

Activities of sport clubs

 

Telephone

01312007200

Next Accounts Due

December 2024

Group Structure

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Directors

Ann Budge10 Years

Kevin Windram10 Years

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Shareholders

bidco (1874) limited 67.7%

foundation of hearts limited 29.4%

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heart of midlothian plc Estimated Valuation

£25.9m

Pomanda estimates the enterprise value of HEART OF MIDLOTHIAN PLC at £25.9m based on a Turnover of £20.8m and 1.25x industry multiple (adjusted for size and gross margin).

heart of midlothian plc Estimated Valuation

£12m

Pomanda estimates the enterprise value of HEART OF MIDLOTHIAN PLC at £12m based on an EBITDA of £2.7m and a 4.37x industry multiple (adjusted for size and gross margin).

heart of midlothian plc Estimated Valuation

£56.7m

Pomanda estimates the enterprise value of HEART OF MIDLOTHIAN PLC at £56.7m based on Net Assets of £24.4m and 2.32x industry multiple (adjusted for liquidity).

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Heart Of Midlothian Plc Overview

Heart Of Midlothian Plc is a live company located in midlothian, EH1 2AA with a Companies House number of SC005863. It operates in the activities of sport clubs sector, SIC Code 93120. Founded in April 1905, it's largest shareholder is bidco (1874) limited with a 67.7% stake. Heart Of Midlothian Plc is a mature, large sized company, Pomanda has estimated its turnover at £20.8m with high growth in recent years.

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Heart Of Midlothian Plc Health Check

Pomanda's financial health check has awarded Heart Of Midlothian Plc 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

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

1 Regular

positive_score

3 Weak

size

Size

annual sales of £20.8m, make it larger than the average company (£439.5k)

£20.8m - Heart Of Midlothian Plc

£439.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (6.5%)

19% - Heart Of Midlothian Plc

6.5% - Industry AVG

production

Production

with a gross margin of 48.5%, this company has a comparable cost of product (48.5%)

48.5% - Heart Of Midlothian Plc

48.5% - Industry AVG

profitability

Profitability

an operating margin of 1.7% make it more profitable than the average company (-3.9%)

1.7% - Heart Of Midlothian Plc

-3.9% - Industry AVG

employees

Employees

with 276 employees, this is above the industry average (26)

276 - Heart Of Midlothian Plc

26 - Industry AVG

paystructure

Pay Structure

on an average salary of £55.7k, the company has a higher pay structure (£24.6k)

£55.7k - Heart Of Midlothian Plc

£24.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £75.3k, this is more efficient (£47.6k)

£75.3k - Heart Of Midlothian Plc

£47.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 11 days, this is earlier than average (15 days)

11 days - Heart Of Midlothian Plc

15 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 84 days, this is slower than average (37 days)

84 days - Heart Of Midlothian Plc

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 23 days, this is more than average (12 days)

23 days - Heart Of Midlothian Plc

12 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 26 weeks, this is less cash available to meet short term requirements (53 weeks)

26 weeks - Heart Of Midlothian Plc

53 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 33.5%, this is a lower level of debt than the average (41.4%)

33.5% - Heart Of Midlothian Plc

41.4% - Industry AVG

HEART OF MIDLOTHIAN PLC financials

EXPORTms excel logo

Heart Of Midlothian Plc's latest turnover from June 2023 is £20.8 million and the company has net assets of £24.4 million. According to their latest financial statements, Heart Of Midlothian Plc has 276 employees and maintains cash reserves of £5.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jul 2010Jul 2009
Turnover20,778,00014,644,0007,692,00012,270,00014,868,00012,131,00011,255,0009,967,0006,982,0006,550,0007,342,0008,682,0006,915,0007,908,0008,307,000
Other Income Or Grants000000000000000
Cost Of Sales10,706,6707,356,0254,108,2495,499,3407,090,0215,316,0695,454,6484,456,9033,257,1483,128,6193,640,3904,469,7713,268,9093,358,6390
Gross Profit10,071,3307,287,9753,583,7516,770,6607,777,9796,814,9315,800,3525,510,0973,724,8523,421,3813,701,6104,212,2293,646,0914,549,3610
Admin Expenses9,712,0525,029,4421,058,7786,088,4584,653,9794,400,3612,802,5794,509,2144,342,2992,525,3818,478,6109,272,22910,501,09111,478,3618,621,000
Operating Profit359,2782,258,5332,524,973682,2023,124,0002,414,5702,997,7731,000,883-617,447896,000-4,777,000-5,060,000-6,855,000-6,929,000-8,621,000
Interest Payable242,000113,000143,00056,000193,000257,000155,000172,000172,0001,077,0001,254,0001,460,0001,170,0001,616,0001,827,000
Interest Receivable1,00000006,00015,00018,00003,00000000
Pre-Tax Profit298,0001,749,0002,015,000429,0002,931,0001,802,0002,321,000626,000-888,00026,795,000-4,965,000-1,648,000511,00039,000-8,634,000
Tax00044,0002,0003,0000-3,0000000000
Profit After Tax298,0001,749,0002,015,000473,0002,933,0001,805,0002,321,000623,000-888,00026,795,000-4,965,000-1,648,000511,00039,000-8,634,000
Dividends Paid000000000000000
Retained Profit298,0001,749,0002,015,000473,0002,933,0001,805,0002,321,000623,000-888,00026,795,000-4,965,000-1,648,000511,00039,000-8,634,000
Employee Costs15,381,00011,225,0007,502,0008,776,0008,220,0007,023,0005,884,0005,520,0003,798,0002,890,0005,414,0009,404,0008,034,0009,114,00010,477,000
Number Of Employees276237176325339275275249208104139166167152154
EBITDA*2,740,2783,832,5333,967,9732,201,2024,332,0002,991,5703,520,7731,437,883-293,4471,200,000-4,175,000-4,430,000-6,136,000-5,687,000-6,470,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jul 2010Jul 2009
Tangible Assets26,839,00025,790,00026,528,00027,514,00028,377,00026,401,00013,393,0007,382,0006,858,0007,074,0007,378,00015,641,00016,032,00018,315,00018,772,000
Intangible Assets1,801,0001,246,000332,000481,000495,000337,000489,000437,000345,0000062,000242,000370,0001,070,000
Investments & Other000000000000000
Debtors (Due After 1 year)00000000000400,000000
Total Fixed Assets28,640,00027,036,00026,860,00027,995,00028,872,00026,738,00013,882,0007,819,0007,203,0007,074,0007,378,00016,103,00016,274,00018,685,00019,842,000
Stock & work in progress701,000405,000609,000579,000643,000484,000440,000248,00032,00000014,000109,000353,000
Trade Debtors635,000717,000266,000106,000636,000417,000231,000273,000171,00077,000239,000991,000740,000283,000513,000
Group Debtors000000000000000
Misc Debtors1,102,000889,0001,513,000504,000784,000788,0001,276,0002,249,0001,973,0001,413,000658,000332,000295,000389,000679,000
Cash5,643,0007,834,0002,591,0002,376,000591,000199,0005,541,0005,036,0003,520,0001,554,000514,00094,00065,00051,000521,000
misc current assets000000000000000
total current assets8,081,0009,845,0004,979,0003,565,0002,654,0001,888,0007,488,0007,806,0005,696,0003,044,0001,411,0001,417,0001,114,000832,0002,066,000
total assets36,721,00036,881,00031,839,00031,560,00031,526,00028,626,00021,370,00015,625,00012,899,00010,118,0008,789,00017,520,00017,388,00019,517,00021,908,000
Bank overdraft1,542,0001,033,000000000007,0000000
Bank loan0000000000000017,600,000
Trade Creditors 2,486,0002,203,0001,819,0001,541,0002,868,0003,494,0002,277,000925,000540,000365,0001,078,000954,0001,145,0001,160,0001,161,000
Group/Directors Accounts004,360,0005,494,000702,000170,00000008,280,00023,055,00022,413,000014,027,000
other short term finances00171,00003,270,000000000002,465,0003,098,000
hp & lease commitments201,00064,00029,00070,000206,000166,000000000000
other current liabilities7,008,0007,130,0004,300,0005,769,0006,859,0005,923,0005,346,0004,907,0004,704,0003,764,0007,393,0004,261,0006,051,00014,174,0008,591,000
total current liabilities11,237,00010,430,00010,679,00012,874,00013,905,0009,753,0007,623,0005,832,0005,244,0004,129,00016,758,00028,270,00029,609,00017,799,00044,477,000
loans661,0002,198,0001,134,000003,912,0002,258,0002,400,0005,093,0003,622,00015,603,0000024,284,0000
hp & lease commitments411,000139,00061,00090,000144,000227,000000000000
Accruals and Deferred Income0000000001,273,0001,309,00001,381,0001,414,0001,450,000
other liabilities0000000000820,0001,335,000321,00000
provisions000646,00000000000000
total long term liabilities1,072,0002,337,0001,195,000736,000144,0004,139,0002,258,0002,400,0005,093,0004,895,00017,732,0001,335,0001,702,00025,698,0001,450,000
total liabilities12,309,00012,767,00011,874,00013,610,00014,049,00013,892,0009,881,0008,232,00010,337,0009,024,00034,490,00029,605,00031,311,00043,497,00045,927,000
net assets24,412,00024,114,00019,965,00017,950,00017,477,00014,734,00011,489,0007,393,0002,562,0001,094,000-25,701,000-12,085,000-13,923,000-23,980,000-24,019,000
total shareholders funds24,412,00024,114,00019,965,00017,950,00017,477,00014,734,00011,489,0007,393,0002,562,0001,094,000-25,701,000-12,085,000-13,923,000-23,980,000-24,019,000
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jul 2010Jul 2009
Operating Activities
Operating Profit359,2782,258,5332,524,973682,2023,124,0002,414,5702,997,7731,000,883-617,447896,000-4,777,000-5,060,000-6,855,000-6,929,000-8,621,000
Depreciation1,360,0001,224,0001,190,0001,168,000888,000332,000231,000224,000266,000304,000540,000462,000459,000498,000493,000
Amortisation1,021,000350,000253,000351,000320,000245,000292,000213,00058,000062,000168,000260,000744,0001,658,000
Tax00044,0002,0003,0000-3,0000000000
Stock296,000-204,00030,000-64,000159,00044,000192,000216,00032,00000-14,000-95,000-244,000353,000
Debtors131,000-173,0001,169,000-810,000215,000-302,000-1,015,000378,000654,000593,000-826,000688,000363,000-520,0001,192,000
Creditors283,000384,000278,000-1,327,000-626,0001,217,0001,352,000385,000175,000-713,000124,000-191,000-15,000-1,0001,161,000
Accruals and Deferred Income-122,0002,830,000-1,469,000-1,090,000936,000577,000439,000203,000-333,000-3,665,0004,441,000-3,171,000-8,156,0005,547,00010,041,000
Deferred Taxes & Provisions00-646,000646,00000000000000
Cash flow from operations2,474,2787,423,533931,9731,348,2024,270,0005,046,5706,134,7731,428,883-1,137,447-3,771,0001,216,000-8,466,000-14,575,000623,0003,187,000
Investing Activities
capital expenditure00000-12,095,000-4,906,000387,000-195,000234,0001,439,0001,187,000-155,000597,0001,343,000
Change in Investments000000000000000
cash flow from investments00000-12,095,000-4,906,000387,000-195,000234,0001,439,0001,187,000-155,000597,0001,343,000
Financing Activities
Bank loans0000000000000-17,600,00017,600,000
Group/Directors Accounts0-4,360,000-1,134,0004,792,000532,000170,000000-8,280,000-14,775,000642,00022,413,000-14,027,00014,027,000
Other Short Term Loans 0-171,000171,000-3,270,0003,270,0000000000-2,465,000-633,0003,098,000
Long term loans-1,537,0001,064,0001,134,0000-3,912,0001,654,000-142,000-2,693,0001,471,000-11,981,00015,603,0000-24,284,00024,284,0000
Hire Purchase and Lease Commitments409,000113,000-70,000-190,000-43,000393,000000000000
other long term liabilities000000000-820,000-515,0001,014,000321,00000
share issue02,400,00000-190,0001,440,0001,775,0004,208,0002,356,0000-8,651,0003,486,0009,546,0000-15,385,000
interest-241,000-113,000-143,000-56,000-193,000-251,000-140,000-154,000-172,000-1,074,000-1,254,000-1,460,000-1,170,000-1,616,000-1,827,000
cash flow from financing-1,369,000-1,067,000-42,0001,276,000-536,0003,406,0001,493,0001,361,0003,655,000-22,155,000-9,592,0003,682,0004,361,000-9,592,00017,513,000
cash and cash equivalents
cash-2,191,0005,243,000215,0001,785,000392,000-5,342,000505,0001,516,0001,966,0001,040,000420,00029,00014,000-470,000521,000
overdraft509,0001,033,0000000000-7,0007,0000000
change in cash-2,700,0004,210,000215,0001,785,000392,000-5,342,000505,0001,516,0001,966,0001,047,000413,00029,00014,000-470,000521,000

heart of midlothian plc Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Heart Of Midlothian Plc Competitor Analysis

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Perform a competitor analysis for heart of midlothian plc by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other large companies, companies in EH1 area or any other competitors across 12 key performance metrics.

heart of midlothian plc Ownership

HEART OF MIDLOTHIAN PLC group structure

Heart Of Midlothian Plc has 1 subsidiary company.

Ultimate parent company

1 parent

HEART OF MIDLOTHIAN PLC

SC005863

1 subsidiary

HEART OF MIDLOTHIAN PLC Shareholders

bidco (1874) limited 67.71%
foundation of hearts limited 29.44%
miss fiona jane ross 0.12%
mr dave mclaren 0.07%
pentland securities holdings limited 0.06%
mr john paterson 0.03%
mr george david rennie 0.02%
heart of midlothian supporters trust 0.02%
winterflood securities limited a/c winscrep 0.02%
mr salman sarwar 0.02%

heart of midlothian plc directors

Heart Of Midlothian Plc currently has 7 directors. The longest serving directors include Mrs Ann Budge (May 2014) and Mr Kevin Windram (Oct 2014).

officercountryagestartendrole
Mrs Ann Budge76 years May 2014- Director
Mr Kevin WindramUnited Kingdom59 years Oct 2014- Director
Mrs Jacqueline Duncan61 years Jul 2017- Director
Mr Andrew McKinlay52 years Aug 2020- Director
Mr James Anderson65 years Jul 2021- Director
Mr Gerard MallonUnited Kingdom55 years Jun 2022- Director
Mr Andrew Brown50 years Dec 2023- Director

P&L

June 2023

turnover

20.8m

+42%

operating profit

359.3k

0%

gross margin

48.5%

-2.61%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

24.4m

+0.01%

total assets

36.7m

0%

cash

5.6m

-0.28%

net assets

Total assets minus all liabilities

heart of midlothian plc company details

company number

SC005863

Type

Public limited with Share Capital

industry

93120 - Activities of sport clubs

incorporation date

April 1905

age

119

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

June 2023

previous names

heart of midlothian football club p.l.c. (July 1997)

accountant

-

auditor

JOHNSTON CARMICHAEL LLP

address

collins house rutland square, edinburgh, midlothian, EH1 2AA

Bank

-

Legal Advisor

-

heart of midlothian plc 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 22 charges/mortgages relating to heart of midlothian plc. Currently there are 4 open charges and 18 have been satisfied in the past.

charges

heart of midlothian plc Companies House Filings - See Documents

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