highland fine cheeses limited

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highland fine cheeses limited Company Information

Share HIGHLAND FINE CHEESES LIMITED
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Company Number

SC044504

Registered 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

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Directors

Ruaraidh Stone30 Years

Robert MacGeachy1 Years

Shareholders

treeman rockafella limited 50%

ruariadh guy vernon munro stone 50%

highland fine cheeses limited Estimated Valuation

£1.3m

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

£0

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

£2m

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
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £2.5m, make it smaller than the average company (£53.2m)

£2.5m - Highland Fine Cheeses Limited

£53.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (10.6%)

4% - Highland Fine Cheeses Limited

10.6% - Industry AVG

production

Production

with a gross margin of 17.5%, this company has a comparable cost of product (17.5%)

17.5% - Highland Fine Cheeses Limited

17.5% - Industry AVG

profitability

Profitability

an operating margin of -16.4% make it less profitable than the average company (4.4%)

-16.4% - Highland Fine Cheeses Limited

4.4% - Industry AVG

employees

Employees

with 18 employees, this is below the industry average (121)

18 - Highland Fine Cheeses Limited

121 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.6k, the company has an equivalent pay structure (£37.6k)

£37.6k - Highland Fine Cheeses Limited

£37.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £140.6k, this is less efficient (£393.4k)

£140.6k - Highland Fine Cheeses Limited

£393.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 24 days, this is earlier than average (35 days)

24 days - Highland Fine Cheeses Limited

35 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 15 days, this is quicker than average (36 days)

15 days - Highland Fine Cheeses Limited

36 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 34 days, this is less than average (48 days)

34 days - Highland Fine Cheeses Limited

48 days - Industry AVG

cashbalance

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

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

EXPORTms excel logo

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 HousePomanda Estimates

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Turnover2,531,2292,459,2052,710,7522,278,9212,361,6832,306,3822,310,4522,269,4221,912,4091,687,3401,426,6291,705,732860,181904,885
Other Income Or Grants00000000000000
Cost Of Sales2,086,9672,018,8232,228,7001,989,4552,086,3622,037,4591,962,7841,941,6781,668,5141,490,4151,215,8601,463,609309,093293,415
Gross Profit444,262440,382482,052289,466275,321268,923347,668327,744243,895196,925210,769242,122551,088611,470
Admin Expenses858,869507,227541,832217,683291,139360,472267,458234,334181,607156,464184,047302,195552,560553,005
Operating Profit-414,607-66,845-59,78071,783-15,818-91,54980,21093,41062,28840,46126,722-60,073-1,47258,465
Interest Payable5,6334,4742,0012,8206,8874,097000002,8663,1182,638
Interest Receivable11,22113623104733600004800
Pre-Tax Profit-409,020-71,183-61,75868,973-22,701-95,57380,24693,41062,28840,46126,722-62,891-4,59055,827
Tax000-13,10500-15,247-18,682-12,457-8,497-6,14601,814-3,461
Profit After Tax-409,020-71,183-61,75855,868-22,701-95,57364,99974,72849,83031,96420,576-62,891-2,77652,366
Dividends Paid00000000000000
Retained Profit-409,020-71,183-61,75855,868-22,701-95,57364,99974,72849,83031,96420,576-62,891-2,77652,366
Employee Costs677,434559,711473,360550,415323,232301,797271,617219,447160,693159,601160,305154,01380,181104,936
Number Of Employees18161417101098666634
EBITDA*-336,43526,46229,230111,36244,1541,05480,210171,315121,557100,27763,909-24,19326,39694,766

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Tangible Assets277,882317,592303,348205,762226,117279,389268,840305,714255,803263,447201,557216,598203,604105,460
Intangible Assets1,3751,2511,3911,88212,91411,35411,35411,35411,35411,35411,3548,3598,0098,009
Investments & Other000000150150150150150150150150
Debtors (Due After 1 year)00000000000000
Total Fixed Assets279,257318,843304,739207,644239,031290,743280,344317,218267,307274,951213,061225,107211,763113,619
Stock & work in progress198,571162,362207,664180,228188,602201,397208,828190,987157,930124,08698,587125,53997,07493,971
Trade Debtors170,892223,197309,311150,548279,669246,136297,602260,468213,317177,855198,280221,445131,786147,427
Group Debtors00000000000000
Misc Debtors34,69735,91122,53126,73123,11223,56700000050,96624,847
Cash498,701027,14819,54069840128,9440000019,1880
misc current assets7,31212,97600018,66200000000
total current assets910,173434,446566,654377,047492,231490,163535,374451,455371,247301,941296,867346,984299,014266,245
total assets1,189,430753,289871,393584,691731,262780,906815,718768,673638,554576,892509,928572,091510,777379,864
Bank overdraft10,48746,0808,29713,64863,35386,3560000007,50123,812
Bank loan00000000000000
Trade Creditors 90,445196,929242,31373,017215,685185,119296,301297,534242,902254,368206,367253,860108,424139,928
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments62,71466,43365,46522,44820,51836,92700000005,317
other current liabilities14,51538,04070,37661,25278,10661,81700000057,88156,486
total current liabilities178,161347,482386,451170,365377,662370,219296,301297,534242,902254,368206,367253,860173,806225,543
loans20,13030,60542,83782814,64139,71700000080,6720
hp & lease commitments51,41690,342108,18713,94721,72831,03800000007,532
Accruals and Deferred Income00000000000000
other liabilities71,2500000083,912100,63399,87476,57689,577124,82300
provisions37,24544,70222,57726,4520000000000
total long term liabilities180,041165,649173,60141,22736,36970,75583,912100,63399,87476,57689,577124,82380,6727,532
total liabilities358,202513,131560,052211,592414,031440,974380,213398,167342,776330,944295,944378,683254,478233,075
net assets831,228240,158311,341373,099317,231339,932435,505370,506295,778245,948213,984193,408256,299146,789
total shareholders funds831,228240,158311,341373,099317,231339,932435,505370,506295,778245,948213,984193,408256,299146,789
May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Operating Activities
Operating Profit-414,607-66,845-59,78071,783-15,818-91,54980,21093,41062,28840,46126,722-60,073-1,47258,465
Depreciation77,94692,81788,51939,57959,97292,603077,90559,26959,81637,18735,88027,86836,301
Amortisation22649049100000000000
Tax000-13,10500-15,247-18,682-12,457-8,497-6,14601,814-3,461
Stock36,209-45,30227,436-8,374-12,795-7,43117,84133,05733,84425,499-26,95228,4653,10393,971
Debtors-53,519-72,734154,563-125,50233,078-27,89937,13447,15135,462-20,425-23,16538,69310,478172,274
Creditors-106,484-45,384169,296-142,66830,566-111,182-1,23354,632-11,46648,001-47,493145,436-31,504139,928
Accruals and Deferred Income-23,525-32,3369,124-16,85416,28961,81700000-57,8811,39556,486
Deferred Taxes & Provisions-7,45722,125-3,87526,4520000000000
Cash flow from operations-456,59188,90321,77699,06370,726-12,9818,755127,05728,328134,70760,387-3,796-15,48021,474
Investing Activities
capital expenditure-38,586-107,411-186,105-8,192-8,260-103,15236,874-127,816-51,625-121,706-25,141-49,224-126,012-149,770
Change in Investments00000-1500000000150
cash flow from investments-38,586-107,411-186,105-8,192-8,260-103,00236,874-127,816-51,625-121,706-25,141-49,224-126,012-149,920
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans-10,475-12,23242,009-13,813-25,07639,71700000-80,67280,6720
Hire Purchase and Lease Commitments-42,645-16,877137,257-5,851-25,71967,965000000-12,84912,849
other long term liabilities71,2500000-83,912-16,72175923,298-13,001-35,246124,82300
share issue1,000,09000000000000112,28694,423
interest5,588-4,338-1,978-2,810-6,883-4,024360000-2,818-3,118-2,638
cash flow from financing1,023,808-33,447177,288-22,474-57,67819,746-16,68575923,298-13,001-35,24641,333176,991104,634
cash and cash equivalents
cash498,701-27,1487,60818,842297-28,54328,9440000-19,18819,1880
overdraft-35,59337,783-5,351-49,705-23,00386,35600000-7,501-16,31123,812
change in cash534,294-64,93112,95968,54723,300-114,89928,9440000-11,68735,499-23,812

highland fine cheeses limited 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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Highland Fine Cheeses Limited Competitor Analysis

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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 Shareholders

treeman rockafella limited 50%
ruariadh guy vernon munro stone 50%

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).

officercountryagestartendrole
Ruaraidh Stone60 years Apr 1994- Director
Mr Robert MacGeachyEngland59 years Feb 2023- Director

P&L

May 2023

turnover

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 2023

net 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

None

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

highland fine cheeses limited Companies House Filings - See Documents

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