highland fine cheeses limited Company Information
Company Number
SC044504
Website
hf-cheeses.comRegistered Address
highland fine cheeses, blarliath farm, tain, ross-shire, IV19 1EB
Industry
Butter and cheese production
Telephone
01862892034
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
treeman rockafella limited 50%
ruariadh guy vernon munro stone 50%
highland fine cheeses limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHLAND FINE CHEESES LIMITED at £1.3m based on a Turnover of £2.5m and 0.51x industry multiple (adjusted for size and gross margin).
highland fine cheeses limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHLAND FINE CHEESES LIMITED at £0 based on an EBITDA of £-336.4k and a 4.01x industry multiple (adjusted for size and gross margin).
highland fine cheeses limited Estimated Valuation
Pomanda estimates the enterprise value of HIGHLAND FINE CHEESES LIMITED at £2m based on Net Assets of £831.2k and 2.37x industry multiple (adjusted for liquidity).
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Highland Fine Cheeses Limited Overview
Highland Fine Cheeses Limited is a live company located in tain, IV19 1EB with a Companies House number of SC044504. It operates in the butter and cheese production sector, SIC Code 10512. Founded in April 1967, it's largest shareholder is treeman rockafella limited with a 50% stake. Highland Fine Cheeses Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with low growth in recent years.
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Highland Fine Cheeses Limited Health Check
Pomanda's financial health check has awarded Highland Fine Cheeses Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
![Health Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
4 Strong
![positive_score](/assets/images/scoreRate1.png)
2 Regular
![positive_score](/assets/images/scoreRate0.png)
6 Weak
![size](/assets/images/scoreRate0.png)
Size
annual sales of £2.5m, make it smaller than the average company (£53.2m)
- Highland Fine Cheeses Limited
£53.2m - Industry AVG
![growth](/assets/images/scoreRate0.png)
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (10.6%)
- Highland Fine Cheeses Limited
10.6% - Industry AVG
![production](/assets/images/scoreRate1.png)
Production
with a gross margin of 17.5%, this company has a comparable cost of product (17.5%)
- Highland Fine Cheeses Limited
17.5% - Industry AVG
![profitability](/assets/images/scoreRate0.png)
Profitability
an operating margin of -16.4% make it less profitable than the average company (4.4%)
- Highland Fine Cheeses Limited
4.4% - Industry AVG
![employees](/assets/images/scoreRate0.png)
Employees
with 18 employees, this is below the industry average (121)
18 - Highland Fine Cheeses Limited
121 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £37.6k, the company has an equivalent pay structure (£37.6k)
- Highland Fine Cheeses Limited
£37.6k - Industry AVG
![efficiency](/assets/images/scoreRate0.png)
Efficiency
resulting in sales per employee of £140.6k, this is less efficient (£393.4k)
- Highland Fine Cheeses Limited
£393.4k - Industry AVG
![debtordays](/assets/images/scoreRate2.png)
Debtor Days
it gets paid by customers after 24 days, this is earlier than average (35 days)
- Highland Fine Cheeses Limited
35 days - Industry AVG
![creditordays](/assets/images/scoreRate0.png)
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (36 days)
- Highland Fine Cheeses Limited
36 days - Industry AVG
![stockdays](/assets/images/scoreRate2.png)
Stock Days
it holds stock equivalent to 34 days, this is less than average (48 days)
- Highland Fine Cheeses Limited
48 days - Industry AVG
![cashbalance](/assets/images/scoreRate2.png)
Cash Balance
has cash to cover current liabilities for 145 weeks, this is more cash available to meet short term requirements (6 weeks)
145 weeks - Highland Fine Cheeses Limited
6 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate2.png)
Debt Level
it has a ratio of liabilities to total assets of 30.1%, this is a lower level of debt than the average (56.3%)
30.1% - Highland Fine Cheeses Limited
56.3% - Industry AVG
HIGHLAND FINE CHEESES LIMITED financials
![ms excel logo](/assets/images/ms_excel_logo.png)
Highland Fine Cheeses Limited's latest turnover from May 2023 is estimated at £2.5 million and the company has net assets of £831.2 thousand. According to their latest financial statements, Highland Fine Cheeses Limited has 18 employees and maintains cash reserves of £498.7 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 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 860,181 | 904,885 | ||||||||||||
Other Income Or Grants | 0 | 0 | ||||||||||||
Cost Of Sales | 309,093 | 293,415 | ||||||||||||
Gross Profit | 551,088 | 611,470 | ||||||||||||
Admin Expenses | 552,560 | 553,005 | ||||||||||||
Operating Profit | -1,472 | 58,465 | ||||||||||||
Interest Payable | 3,118 | 2,638 | ||||||||||||
Interest Receivable | 0 | 0 | ||||||||||||
Pre-Tax Profit | -4,590 | 55,827 | ||||||||||||
Tax | 1,814 | -3,461 | ||||||||||||
Profit After Tax | -2,776 | 52,366 | ||||||||||||
Dividends Paid | 0 | 0 | ||||||||||||
Retained Profit | -2,776 | 52,366 | ||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 18 | 16 | 14 | 17 | 10 | 10 | ||||||||
EBITDA* | 26,396 | 94,766 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 277,882 | 317,592 | 303,348 | 205,762 | 226,117 | 279,389 | 268,840 | 305,714 | 255,803 | 263,447 | 201,557 | 216,598 | 203,604 | 105,460 |
Intangible Assets | 1,375 | 1,251 | 1,391 | 1,882 | 12,914 | 11,354 | 11,354 | 11,354 | 11,354 | 11,354 | 11,354 | 8,359 | 8,009 | 8,009 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 279,257 | 318,843 | 304,739 | 207,644 | 239,031 | 290,743 | 280,344 | 317,218 | 267,307 | 274,951 | 213,061 | 225,107 | 211,763 | 113,619 |
Stock & work in progress | 198,571 | 162,362 | 207,664 | 180,228 | 188,602 | 201,397 | 208,828 | 190,987 | 157,930 | 124,086 | 98,587 | 125,539 | 97,074 | 93,971 |
Trade Debtors | 170,892 | 223,197 | 309,311 | 150,548 | 279,669 | 246,136 | 297,602 | 260,468 | 213,317 | 177,855 | 198,280 | 221,445 | 131,786 | 147,427 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 34,697 | 35,911 | 22,531 | 26,731 | 23,112 | 23,567 | 0 | 0 | 0 | 0 | 0 | 0 | 50,966 | 24,847 |
Cash | 498,701 | 0 | 27,148 | 19,540 | 698 | 401 | 28,944 | 0 | 0 | 0 | 0 | 0 | 19,188 | 0 |
misc current assets | 7,312 | 12,976 | 0 | 0 | 0 | 18,662 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 910,173 | 434,446 | 566,654 | 377,047 | 492,231 | 490,163 | 535,374 | 451,455 | 371,247 | 301,941 | 296,867 | 346,984 | 299,014 | 266,245 |
total assets | 1,189,430 | 753,289 | 871,393 | 584,691 | 731,262 | 780,906 | 815,718 | 768,673 | 638,554 | 576,892 | 509,928 | 572,091 | 510,777 | 379,864 |
Bank overdraft | 10,487 | 46,080 | 8,297 | 13,648 | 63,353 | 86,356 | 0 | 0 | 0 | 0 | 0 | 0 | 7,501 | 23,812 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 90,445 | 196,929 | 242,313 | 73,017 | 215,685 | 185,119 | 296,301 | 297,534 | 242,902 | 254,368 | 206,367 | 253,860 | 108,424 | 139,928 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 62,714 | 66,433 | 65,465 | 22,448 | 20,518 | 36,927 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,317 |
other current liabilities | 14,515 | 38,040 | 70,376 | 61,252 | 78,106 | 61,817 | 0 | 0 | 0 | 0 | 0 | 0 | 57,881 | 56,486 |
total current liabilities | 178,161 | 347,482 | 386,451 | 170,365 | 377,662 | 370,219 | 296,301 | 297,534 | 242,902 | 254,368 | 206,367 | 253,860 | 173,806 | 225,543 |
loans | 20,130 | 30,605 | 42,837 | 828 | 14,641 | 39,717 | 0 | 0 | 0 | 0 | 0 | 0 | 80,672 | 0 |
hp & lease commitments | 51,416 | 90,342 | 108,187 | 13,947 | 21,728 | 31,038 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,532 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 71,250 | 0 | 0 | 0 | 0 | 0 | 83,912 | 100,633 | 99,874 | 76,576 | 89,577 | 124,823 | 0 | 0 |
provisions | 37,245 | 44,702 | 22,577 | 26,452 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 180,041 | 165,649 | 173,601 | 41,227 | 36,369 | 70,755 | 83,912 | 100,633 | 99,874 | 76,576 | 89,577 | 124,823 | 80,672 | 7,532 |
total liabilities | 358,202 | 513,131 | 560,052 | 211,592 | 414,031 | 440,974 | 380,213 | 398,167 | 342,776 | 330,944 | 295,944 | 378,683 | 254,478 | 233,075 |
net assets | 831,228 | 240,158 | 311,341 | 373,099 | 317,231 | 339,932 | 435,505 | 370,506 | 295,778 | 245,948 | 213,984 | 193,408 | 256,299 | 146,789 |
total shareholders funds | 831,228 | 240,158 | 311,341 | 373,099 | 317,231 | 339,932 | 435,505 | 370,506 | 295,778 | 245,948 | 213,984 | 193,408 | 256,299 | 146,789 |
May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | -1,472 | 58,465 | ||||||||||||
Depreciation | 77,946 | 92,817 | 88,519 | 39,579 | 59,972 | 92,603 | 77,905 | 59,269 | 59,816 | 37,187 | 35,880 | 27,868 | 36,301 | |
Amortisation | 226 | 490 | 491 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tax | 1,814 | -3,461 | ||||||||||||
Stock | 36,209 | -45,302 | 27,436 | -8,374 | -12,795 | -7,431 | 17,841 | 33,057 | 33,844 | 25,499 | -26,952 | 28,465 | 3,103 | 93,971 |
Debtors | -53,519 | -72,734 | 154,563 | -125,502 | 33,078 | -27,899 | 37,134 | 47,151 | 35,462 | -20,425 | -23,165 | 38,693 | 10,478 | 172,274 |
Creditors | -106,484 | -45,384 | 169,296 | -142,668 | 30,566 | -111,182 | -1,233 | 54,632 | -11,466 | 48,001 | -47,493 | 145,436 | -31,504 | 139,928 |
Accruals and Deferred Income | -23,525 | -32,336 | 9,124 | -16,854 | 16,289 | 61,817 | 0 | 0 | 0 | 0 | 0 | -57,881 | 1,395 | 56,486 |
Deferred Taxes & Provisions | -7,457 | 22,125 | -3,875 | 26,452 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -15,480 | 21,474 | ||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | -150 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 150 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -10,475 | -12,232 | 42,009 | -13,813 | -25,076 | 39,717 | 0 | 0 | 0 | 0 | 0 | -80,672 | 80,672 | 0 |
Hire Purchase and Lease Commitments | -42,645 | -16,877 | 137,257 | -5,851 | -25,719 | 67,965 | 0 | 0 | 0 | 0 | 0 | 0 | -12,849 | 12,849 |
other long term liabilities | 71,250 | 0 | 0 | 0 | 0 | -83,912 | -16,721 | 759 | 23,298 | -13,001 | -35,246 | 124,823 | 0 | 0 |
share issue | ||||||||||||||
interest | -3,118 | -2,638 | ||||||||||||
cash flow from financing | 176,991 | 104,634 | ||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 498,701 | -27,148 | 7,608 | 18,842 | 297 | -28,543 | 28,944 | 0 | 0 | 0 | 0 | -19,188 | 19,188 | 0 |
overdraft | -35,593 | 37,783 | -5,351 | -49,705 | -23,003 | 86,356 | 0 | 0 | 0 | 0 | 0 | -7,501 | -16,311 | 23,812 |
change in cash | 534,294 | -64,931 | 12,959 | 68,547 | 23,300 | -114,899 | 28,944 | 0 | 0 | 0 | 0 | -11,687 | 35,499 | -23,812 |
highland fine cheeses limited Credit Report and Business Information
Highland Fine Cheeses Limited Competitor Analysis
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Perform a competitor analysis for highland fine cheeses limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
highland fine cheeses limited Ownership
HIGHLAND FINE CHEESES LIMITED group structure
Highland Fine Cheeses Limited has no subsidiary companies.
Ultimate parent company
HIGHLAND FINE CHEESES LIMITED
SC044504
highland fine cheeses limited directors
Highland Fine Cheeses Limited currently has 2 directors. The longest serving directors include Ruaraidh Stone (Apr 1994) and Mr Robert MacGeachy (Feb 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Ruaraidh Stone | 60 years | Apr 1994 | - | Director | |
Mr Robert MacGeachy | England | 59 years | Feb 2023 | - | Director |
P&L
May 2023turnover
2.5m
+3%
operating profit
-414.6k
0%
gross margin
17.6%
-1.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
831.2k
+2.46%
total assets
1.2m
+0.58%
cash
498.7k
0%
net assets
Total assets minus all liabilities
highland fine cheeses limited company details
company number
SC044504
Type
Private limited with Share Capital
industry
10512 - Butter and cheese production
incorporation date
April 1967
age
57
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
highland fine cheeses, blarliath farm, tain, ross-shire, IV19 1EB
last accounts submitted
May 2023
highland fine cheeses 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 6 charges/mortgages relating to highland fine cheeses limited. Currently there are 2 open charges and 4 have been satisfied in the past.
![charges](/assets/images/company_charges.png)
highland fine cheeses limited Companies House Filings - See Documents
date | description | view/download |
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