cruden investments limited

cruden investments limited Company Information

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Company Number

SC044986

Industry

Activities of head offices

 

Directors

Kevin Reid

Graeme Bissett

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Shareholders

cruden holdings ltd

Group Structure

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Contact

Registered Address

16 walker street, edinburgh, EH3 7LP

cruden investments limited Estimated Valuation

£86.5m

Pomanda estimates the enterprise value of CRUDEN INVESTMENTS LIMITED at £86.5m based on a Turnover of £124.2m and 0.7x industry multiple (adjusted for size and gross margin).

cruden investments limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of CRUDEN INVESTMENTS LIMITED at £3.2m based on an EBITDA of £612k and a 5.17x industry multiple (adjusted for size and gross margin).

cruden investments limited Estimated Valuation

£84.1m

Pomanda estimates the enterprise value of CRUDEN INVESTMENTS LIMITED at £84.1m based on Net Assets of £39.4m and 2.13x industry multiple (adjusted for liquidity).

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Cruden Investments Limited Overview

Cruden Investments Limited is a live company located in edinburgh, EH3 7LP with a Companies House number of SC044986. It operates in the activities of head offices sector, SIC Code 70100. Founded in September 1967, it's largest shareholder is cruden holdings ltd with a 100% stake. Cruden Investments Limited is a mature, mega sized company, Pomanda has estimated its turnover at £124.2m with declining growth in recent years.

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Cruden Investments Limited Health Check

Pomanda's financial health check has awarded Cruden Investments 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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £124.2m, make it larger than the average company (£20.5m)

£124.2m - Cruden Investments Limited

£20.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (9%)

-13% - Cruden Investments Limited

9% - Industry AVG

production

Production

with a gross margin of 7.8%, this company has a higher cost of product (33.1%)

7.8% - Cruden Investments Limited

33.1% - Industry AVG

profitability

Profitability

an operating margin of 0.2% make it less profitable than the average company (5.9%)

0.2% - Cruden Investments Limited

5.9% - Industry AVG

employees

Employees

with 344 employees, this is above the industry average (117)

344 - Cruden Investments Limited

117 - Industry AVG

paystructure

Pay Structure

on an average salary of £60.6k, the company has a higher pay structure (£48.9k)

£60.6k - Cruden Investments Limited

£48.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £360.9k, this is more efficient (£197.3k)

£360.9k - Cruden Investments Limited

£197.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 61 days, this is later than average (44 days)

61 days - Cruden Investments Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 68 days, this is slower than average (42 days)

68 days - Cruden Investments Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 49 days, this is in line with average (46 days)

49 days - Cruden Investments Limited

46 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (16 weeks)

14 weeks - Cruden Investments Limited

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 54.9%, this is a similar level of debt than the average (54.5%)

54.9% - Cruden Investments Limited

54.5% - Industry AVG

CRUDEN INVESTMENTS LIMITED financials

EXPORTms excel logo

Cruden Investments Limited's latest turnover from March 2024 is £124.2 million and the company has net assets of £39.4 million. According to their latest financial statements, Cruden Investments Limited has 344 employees and maintains cash reserves of £12.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover124,166,000167,511,000230,955,000186,672,000224,741,000186,247,000188,611,000200,635,000154,197,000142,116,000134,809,022141,494,740130,760,883126,356,871126,414,972
Other Income Or Grants000000000000000
Cost Of Sales114,527,000165,653,000210,197,000169,868,000201,069,000168,265,000170,181,000180,043,000136,768,000125,005,000119,089,455124,758,566114,483,365110,423,737110,873,996
Gross Profit9,639,0001,858,00020,758,00016,804,00023,672,00017,982,00018,430,00020,592,00017,429,00017,111,00015,719,56716,736,17416,277,51815,933,13415,540,976
Admin Expenses9,429,00014,055,00015,898,00016,971,00017,419,00013,104,0009,599,00010,324,00011,536,00010,877,00010,911,71510,905,08910,256,99010,328,1939,811,821
Operating Profit210,000-12,197,0004,860,000-167,0006,253,0004,878,0008,831,00010,268,0005,893,0006,234,0004,807,8525,831,0856,020,5285,604,9415,729,155
Interest Payable390,000322,000292,000144,0006,000330,000280,00042,000340,000355,000449,561481,534670,032533,391546,524
Interest Receivable1,014,000783,000378,000276,000431,000486,000424,000172,000489,000462,000443,030536,249694,948618,377537,686
Pre-Tax Profit834,000-11,736,0004,946,000311,0006,592,0005,428,0008,975,00010,389,0007,452,0007,129,0004,801,3215,834,5065,842,2815,518,8363,944,433
Tax-50,0002,854,000-1,168,000-107,000-1,221,000-953,000-1,716,000-2,210,000-1,639,000-1,626,000-1,195,412-675,683-1,308,984-1,611,650-1,283,106
Profit After Tax784,000-8,882,0003,778,000204,0005,371,0004,475,0007,259,0008,179,0005,813,0005,503,0003,605,9095,158,8234,533,2973,907,1862,661,327
Dividends Paid03,873,0002,241,000200,0002,193,0002,332,0004,281,0002,900,0002,650,0001,050,0001,050,0001,050,0001,050,0001,050,000460,000
Retained Profit784,000-12,755,0001,537,0004,0003,178,0002,143,0002,978,0005,279,0003,163,0004,453,0002,555,9094,108,8233,483,2972,857,1862,201,327
Employee Costs20,856,00028,816,00030,898,00029,452,00031,011,00029,510,00029,427,00026,880,00023,579,00022,829,00023,931,45124,314,89723,975,99122,268,82122,251,544
Number Of Employees344507577587608646636624582580635658626613909
EBITDA*612,000-11,725,0005,387,000367,0006,690,0005,462,0009,370,00010,756,0006,377,0006,762,0005,383,6905,479,4034,835,2876,279,4996,417,283

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets5,128,0005,463,0005,856,0006,345,0007,092,0005,400,0006,081,0004,405,0004,468,0004,675,0005,057,2765,461,5555,627,6839,948,3245,848,279
Intangible Assets000000000000-969,65600
Investments & Other21,062,00019,864,00016,098,00015,798,00012,992,0008,959,0008,909,0008,561,0008,573,0007,262,0007,801,7507,181,2607,455,2154,178,5928,875,624
Debtors (Due After 1 year)4,362,0004,192,0002,326,0001,769,000483,0001,010,0002,125,0002,533,0002,862,0005,547,0005,639,1283,585,3832,978,6131,846,5011,592,572
Total Fixed Assets30,552,00029,519,00024,280,00023,912,00020,567,00015,369,00017,115,00015,499,00015,903,00017,484,00018,498,15416,228,19815,091,85515,973,41716,316,475
Stock & work in progress15,605,00011,761,00013,411,00017,393,00024,306,00025,383,00016,827,00013,524,00023,014,00016,978,00017,067,37916,976,98023,195,34618,257,18219,626,641
Trade Debtors20,886,00027,119,00032,677,00030,093,00027,985,00034,965,00033,322,00026,839,00028,100,00017,831,00017,702,31416,014,83513,985,91010,319,91513,767,284
Group Debtors1,421,0001,687,0002,831,0003,290,0003,378,0001,641,0001,330,0002,774,000921,0002,353,000562,506264,5661,430,1711,485,3951,063,918
Misc Debtors6,548,0008,201,0006,882,0005,836,0005,527,0003,809,0006,488,0006,908,0003,080,0001,938,0002,213,7402,939,8172,017,8022,096,8421,807,734
Cash12,493,00033,988,00050,973,00049,767,00045,113,00035,627,00039,168,00041,926,00026,821,00027,913,00024,276,94133,623,66330,621,88436,257,91614,090,797
misc current assets000000000000000
total current assets56,953,00082,756,000106,774,000106,379,000106,309,000101,425,00097,135,00091,971,00081,936,00067,013,00061,822,88069,819,86171,251,11368,417,25050,356,374
total assets87,505,000112,275,000131,054,000130,291,000126,876,000116,794,000114,250,000107,470,00097,839,00084,497,00080,321,03486,048,05986,342,96884,390,66766,672,849
Bank overdraft0000000000000869,056503,783
Bank loan00003,705,0003,498,0006,392,00003,984,000559,0004,800,0002,183,2322,246,25000
Trade Creditors 21,370,00030,099,00032,923,00031,120,00022,863,00024,952,00029,838,00036,576,00035,457,00028,975,00024,065,44932,582,14942,752,78036,826,42228,907,938
Group/Directors Accounts0113,00061,00052,0002,0002,00000001,7050000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities24,496,00043,020,00046,246,00048,799,00049,729,00040,439,00029,358,00024,894,00018,684,00017,447,00017,298,43419,291,94014,474,35220,654,94613,113,270
total current liabilities45,866,00073,232,00079,230,00079,971,00076,299,00068,891,00065,588,00061,470,00058,125,00046,981,00046,165,58854,057,32159,473,38258,350,42442,524,991
loans00000001,609,000278,000396,0001,278,5701,500,000100,0002,346,2502,346,250
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities1,923,000100,000100,000100,000406,000537,0001,518,00000577,000315,0000000
provisions273,000283,000308,000208,000177,000130,00069,000104,000173,00061,0001,17856,289000
total long term liabilities2,196,000383,000408,000308,000653,0001,034,0002,229,0002,428,000923,0001,886,0001,781,1862,643,685830,1962,549,5303,369,610
total liabilities48,062,00073,615,00079,638,00080,279,00076,952,00069,925,00067,817,00063,898,00059,048,00048,867,00047,946,77456,701,00660,303,57860,899,95445,894,601
net assets39,443,00038,660,00051,416,00050,012,00049,924,00046,869,00046,433,00043,572,00038,791,00035,630,00032,374,26029,347,05326,039,39023,490,71320,778,248
total shareholders funds39,443,00038,660,00051,416,00050,012,00049,924,00046,869,00046,433,00043,572,00038,791,00035,630,00032,374,26029,347,05326,039,39023,490,71320,778,248
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit210,000-12,197,0004,860,000-167,0006,253,0004,878,0008,831,00010,268,0005,893,0006,234,0004,807,8525,831,0856,020,5285,604,9415,729,155
Depreciation402,000472,000527,000534,000437,000584,000539,000488,000484,000528,000575,838617,974645,046674,558688,128
Amortisation00000000000-969,656-1,830,28700
Tax-50,0002,854,000-1,168,000-107,000-1,221,000-953,000-1,716,000-2,210,000-1,639,000-1,626,000-1,195,412-675,683-1,308,984-1,611,650-1,283,106
Stock3,844,000-1,650,000-3,982,000-6,913,000-1,077,0008,556,0003,303,000-9,490,0006,036,000-89,37990,399-6,218,3664,938,164-1,369,45919,626,641
Debtors-7,982,000-3,517,0003,728,0003,615,000-4,052,000-1,840,0004,211,0004,091,0007,294,0001,551,3123,313,0872,392,1054,663,843-2,482,85518,231,508
Creditors-8,729,000-2,824,0001,803,0008,257,000-2,089,000-4,886,000-6,738,0001,119,0006,482,0004,909,551-8,516,700-10,170,6315,926,3587,918,48428,907,938
Accruals and Deferred Income-18,524,000-3,226,000-2,553,000-930,0009,290,00011,081,0004,464,0006,210,0001,237,000148,566-1,993,5064,817,588-6,180,5947,541,67613,113,270
Deferred Taxes & Provisions-10,000-25,000100,00031,00047,00061,000-35,000-69,000112,00059,822-55,11156,289000
Cash flow from operations-22,563,000-9,779,0003,823,00010,916,00017,846,0004,049,000-2,169,00021,205,000-761,0008,792,006-9,780,5253,333,227-6,329,94023,980,3239,297,236
Investing Activities
capital expenditure00000-2,233,000243,000208,000767,0001,030,000-963,660-450,525-757,586-104,214-627,228
Change in Investments1,198,0003,766,000300,0002,806,0004,033,00050,000348,000-12,0001,311,000-539,750620,490-273,9553,276,623-4,697,0328,875,624
cash flow from investments-1,198,000-3,766,000-300,000-2,806,000-4,033,000-2,283,000-105,000220,000-544,0001,569,750-1,584,150-176,570-4,034,2094,592,818-9,502,852
Financing Activities
Bank loans000-3,705,000207,000-2,894,0006,392,000-3,984,0003,425,000-4,241,0002,616,768-63,0182,246,25000
Group/Directors Accounts-113,00052,0009,00050,00002,000000-1,7051,7050000
Other Short Term Loans 000000000000000
Long term loans000000-1,609,0001,331,000-118,000-882,570-221,4301,400,000-2,246,25002,346,250
Hire Purchase and Lease Commitments000000000000000
other long term liabilities1,823,00000-306,000-131,000-981,0001,518,0000-577,000262,000315,0000000
share issue-1,000-1,000-133,00084,000-123,000-1,707,000-117,000-498,000-2,000-1,197,260471,298-801,160-934,620-144,72118,576,921
interest624,000461,00086,000132,000425,000156,000144,000130,000149,000107,000-6,53154,71524,91684,986-8,838
cash flow from financing2,333,000512,000-38,000-3,745,000378,000-5,424,0006,328,000-3,021,0002,877,000-5,953,5353,176,810590,537-909,704-59,73520,914,333
cash and cash equivalents
cash-21,495,000-16,985,0001,206,0004,654,0009,486,000-3,541,000-2,758,00015,105,000-1,092,0003,636,059-9,346,7223,001,779-5,636,03222,167,11914,090,797
overdraft000000000000-869,056365,273503,783
change in cash-21,495,000-16,985,0001,206,0004,654,0009,486,000-3,541,000-2,758,00015,105,000-1,092,0003,636,059-9,346,7223,001,779-4,766,97621,801,84613,587,014

cruden investments 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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Cruden Investments Limited Competitor Analysis

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cruden investments limited Ownership

CRUDEN INVESTMENTS LIMITED Shareholders

cruden holdings ltd 100%

cruden investments limited directors

Cruden Investments Limited currently has 4 directors. The longest serving directors include Mr Kevin Reid (Jan 1999) and Mr Graeme Bissett (May 2016).

officercountryagestartendrole
Mr Kevin ReidScotland57 years Jan 1999- Director
Mr Graeme Bissett66 years May 2016- Director
Mr Euan HaggertyScotland47 years Mar 2019- Director
Mr Steven SimpsonScotland57 years Sep 2022- Director

P&L

March 2024

turnover

124.2m

-26%

operating profit

210k

-102%

gross margin

7.8%

+599.89%

turnover

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

Balance Sheet

March 2024

net assets

39.4m

+0.02%

total assets

87.5m

-0.22%

cash

12.5m

-0.63%

net assets

Total assets minus all liabilities

cruden investments limited company details

company number

SC044986

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

September 1967

age

58

incorporated

UK

ultimate parent company

accounts

Group

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

RSM UK AUDIT LLP

address

16 walker street, edinburgh, EH3 7LP

Bank

ROYAL BANK OF SCOTLAND PLC

Legal Advisor

BURNESS PAULL LLP

cruden investments 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 cruden investments limited. Currently there are 1 open charges and 5 have been satisfied in the past.

cruden investments 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.

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cruden investments limited Companies House Filings - See Documents

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