chardon trading limited
chardon trading limited Company Information
Company Number
SC075521
Website
www.chardontrading.comRegistered Address
58 morrison street, edinburgh, EH3 8BP
Industry
Hotels and similar accommodation
Telephone
01413329899
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
atlas2 borrower limited 100%
chardon trading limited Estimated Valuation
Pomanda estimates the enterprise value of CHARDON TRADING LIMITED at £22.7m based on a Turnover of £14.9m and 1.52x industry multiple (adjusted for size and gross margin).
chardon trading limited Estimated Valuation
Pomanda estimates the enterprise value of CHARDON TRADING LIMITED at £33m based on an EBITDA of £5.5m and a 6.05x industry multiple (adjusted for size and gross margin).
chardon trading limited Estimated Valuation
Pomanda estimates the enterprise value of CHARDON TRADING LIMITED at £87.4m based on Net Assets of £45.6m and 1.92x industry multiple (adjusted for liquidity).
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Chardon Trading Limited Overview
Chardon Trading Limited is a live company located in edinburgh, EH3 8BP with a Companies House number of SC075521. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in July 1981, it's largest shareholder is atlas2 borrower limited with a 100% stake. Chardon Trading Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14.9m with declining growth in recent years.
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Chardon Trading Limited Health Check
Pomanda's financial health check has awarded Chardon Trading Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
4 Regular
1 Weak
Size
annual sales of £10.3m, make it larger than the average company (£2.4m)
£10.3m - Chardon Trading Limited
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a similar rate (-17.8%)
-15% - Chardon Trading Limited
-17.8% - Industry AVG
Production
with a gross margin of 63.6%, this company has a comparable cost of product (56.5%)
63.6% - Chardon Trading Limited
56.5% - Industry AVG
Profitability
an operating margin of 29% make it more profitable than the average company (0.8%)
29% - Chardon Trading Limited
0.8% - Industry AVG
Employees
with 123 employees, this is above the industry average (65)
123 - Chardon Trading Limited
65 - Industry AVG
Pay Structure
on an average salary of £22.6k, the company has an equivalent pay structure (£19.6k)
£22.6k - Chardon Trading Limited
£19.6k - Industry AVG
Efficiency
resulting in sales per employee of £83.5k, this is more efficient (£44k)
£83.5k - Chardon Trading Limited
£44k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is near the average (10 days)
11 days - Chardon Trading Limited
10 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (59 days)
21 days - Chardon Trading Limited
59 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (10 days)
2 days - Chardon Trading Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 151 weeks, this is more cash available to meet short term requirements (7 weeks)
151 weeks - Chardon Trading Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.4%, this is a lower level of debt than the average (75.6%)
41.4% - Chardon Trading Limited
75.6% - Industry AVG
CHARDON TRADING LIMITED financials
Chardon Trading Limited's latest turnover from December 2022 is £14.9 million and the company has net assets of £45.6 million. According to their latest financial statements, Chardon Trading Limited has 165 employees and maintains cash reserves of £6.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Feb 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,914,000 | 10,269,215 | 3,081,654 | 14,495,009 | 16,999,330 | 17,104,160 | 16,177,671 | 15,660,397 | 15,291,042 | 10,054,215 | 9,837,573 | 9,919,755 | 9,498,798 | 8,622,778 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 6,324,000 | 3,738,468 | 2,577,001 | 5,890,401 | 6,442,389 | 1,020,429 | 994,667 | 1,002,559 | 940,158 | 769,064 | 807,000 | 767,427 | 755,034 | 681,673 |
| Gross Profit | 8,590,000 | 6,530,747 | 504,653 | 8,604,608 | 10,556,941 | 16,083,731 | 15,183,004 | 14,657,838 | 14,350,884 | 9,285,151 | 9,030,573 | 9,152,328 | 8,743,764 | 7,941,105 |
| Admin Expenses | 4,852,000 | 3,548,710 | 1,035,414 | 6,762,430 | 7,138,877 | 12,429,402 | 11,560,641 | 11,618,883 | 11,030,221 | 7,164,773 | 7,024,104 | 7,128,076 | 6,776,280 | 7,010,299 |
| Operating Profit | 3,738,000 | 2,982,037 | -530,761 | 1,842,178 | 3,418,064 | 3,654,329 | 3,622,363 | 3,038,955 | 3,320,663 | 2,120,378 | 2,006,469 | 2,024,252 | 1,967,484 | 930,806 |
| Interest Payable | 471,000 | 272,073 | 309,455 | 423,048 | 466,597 | 418,101 | 449,610 | 544,960 | 954,724 | 538,882 | 571,745 | 627,620 | 593,083 | 476,170 |
| Interest Receivable | 51,000 | 32,200 | 253 | 5,760 | 4,135 | 321 | 1,113 | 785 | 74,285 | 4,863 | 30 | 56 | 13 | 50 |
| Pre-Tax Profit | 3,318,000 | 2,742,164 | -839,963 | 1,424,890 | 2,955,602 | 3,236,549 | 3,173,866 | 2,494,780 | 2,440,224 | -1,218,272 | 705,328 | 406,588 | 1,105,441 | 454,686 |
| Tax | -341,000 | -608,859 | 168,252 | -367,313 | -650,519 | -648,879 | -673,910 | -544,092 | -509,941 | 128,623 | -290,997 | -343,292 | -372,111 | -132,952 |
| Profit After Tax | 2,977,000 | 2,133,305 | -671,711 | 1,057,577 | 2,305,083 | 2,587,670 | 2,499,956 | 1,950,688 | 1,930,283 | -1,089,649 | 414,331 | 63,296 | 733,330 | 321,734 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000,027 | 0 | 0 | 0 | 0 | 0 | 2,355,042 |
| Retained Profit | 2,977,000 | 2,133,305 | -671,711 | 1,057,577 | 2,305,083 | 2,587,670 | 2,499,956 | -49,339 | 1,827,006 | -1,089,649 | 414,331 | 63,296 | 733,330 | -2,033,308 |
| Employee Costs | 3,001,000 | 2,783,102 | 2,742,104 | 4,647,075 | 4,839,406 | 4,613,339 | 4,187,810 | 4,103,078 | 4,000,656 | 3,039,005 | 3,179,168 | 3,293,118 | 3,062,113 | 3,161,581 |
| Number Of Employees | 165 | 123 | 116 | 231 | 264 | 275 | 221 | 229 | 226 | 207 | 197 | 221 | 216 | 177 |
| EBITDA* | 5,451,000 | 3,197,677 | -245,488 | 2,600,078 | 4,186,146 | 4,264,765 | 4,225,688 | 3,600,660 | 3,862,741 | 2,324,609 | 2,198,461 | 2,270,093 | 2,167,954 | 1,207,636 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Feb 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 61,999,000 | 57,736,153 | 57,860,317 | 57,994,198 | 64,125,806 | 64,671,933 | 50,917,388 | 51,311,457 | 48,401,907 | 33,943,119 | 34,323,462 | 34,199,721 | 39,032,317 | 34,228,896 |
| Intangible Assets | 285,000 | 338,525 | 375,699 | 431,805 | 215,894 | -13 | -215,918 | -431,823 | -647,728 | -1,488,188 | -1,781,664 | -2,042,077 | -2,302,490 | -2,680,256 |
| Investments & Other | 0 | 0 | 0 | 1,370,850 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 62,284,000 | 58,074,678 | 58,236,016 | 59,796,853 | 64,341,700 | 64,671,920 | 50,701,470 | 50,879,634 | 47,754,179 | 32,454,931 | 32,541,798 | 32,157,644 | 36,729,827 | 31,548,640 |
| Stock & work in progress | 44,000 | 29,006 | 0 | 11,494 | 49,127 | 44,282 | 41,086 | 39,293 | 45,023 | 34,998 | 38,523 | 45,972 | 41,475 | 36,758 |
| Trade Debtors | 455,000 | 311,436 | 143,010 | 153,864 | 315,550 | 350,331 | 346,847 | 294,598 | 400,440 | 339,461 | 330,144 | 461,784 | 527,459 | 256,008 |
| Group Debtors | 1,308,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,573,658 |
| Misc Debtors | 721,000 | 114,676 | 1,319,305 | 359,101 | 95,381 | 134,361 | 210,287 | 191,243 | 186,273 | 479,008 | 746,247 | 1,375,870 | 2,498,499 | 204,650 |
| Cash | 6,064,000 | 7,333,216 | 4,163,941 | 957,828 | 2,302,746 | 2,942,175 | 3,666,931 | 2,887,072 | 2,519,356 | 2,145,942 | 626,328 | 1,996,453 | 234,930 | 1,401,024 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,592,000 | 7,788,334 | 5,626,256 | 1,482,287 | 2,762,804 | 3,471,149 | 4,265,151 | 3,412,206 | 3,151,092 | 2,999,409 | 1,741,242 | 3,880,079 | 3,302,363 | 4,472,098 |
| total assets | 70,876,000 | 65,863,012 | 63,862,272 | 61,279,140 | 67,104,504 | 68,143,069 | 54,966,621 | 54,291,840 | 50,905,271 | 35,454,340 | 34,283,040 | 36,037,723 | 40,032,190 | 36,020,738 |
| Bank overdraft | 3,000 | 0 | 0 | 0 | 0 | 1,619,358 | 2,866,722 | 2,136,856 | 1,682,056 | 1,697,820 | 946,705 | 1,901,007 | 322,155 | 1,313,074 |
| Bank loan | 726,000 | 947,004 | 834,503 | 211,891 | 999,000 | 999,000 | 999,000 | 999,000 | 4,342,000 | 860,000 | 0 | 852,500 | 860,000 | 612,500 |
| Trade Creditors | 528,000 | 221,223 | 131,420 | 374,325 | 763,354 | 917,438 | 751,454 | 757,256 | 964,300 | 500,696 | 458,560 | 655,776 | 544,627 | 266,305 |
| Group/Directors Accounts | 168,000 | 98 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,260,429 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,396 | 5,673 | 5,673 | 0 |
| other current liabilities | 2,526,000 | 1,343,908 | 1,015,335 | 1,802,838 | 2,623,787 | 2,793,541 | 3,027,936 | 2,573,956 | 2,296,790 | 1,893,347 | 1,769,796 | 1,613,781 | 1,633,247 | 1,260,332 |
| total current liabilities | 3,951,000 | 2,512,233 | 1,981,258 | 2,389,054 | 4,386,141 | 6,329,337 | 7,645,112 | 6,467,068 | 9,285,146 | 4,951,863 | 3,178,457 | 5,028,737 | 3,365,702 | 4,712,640 |
| loans | 14,589,000 | 19,234,995 | 19,920,247 | 16,224,908 | 16,003,117 | 17,390,821 | 19,778,079 | 22,745,186 | 18,740,390 | 12,555,942 | 12,178,472 | 12,760,892 | 13,601,578 | 9,975,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,419 | 9,092 | 0 |
| Accruals and Deferred Income | 0 | 148,502 | 158,333 | 170,833 | 183,333 | 195,833 | 208,333 | 220,833 | 233,333 | 245,833 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 788,828 | 843,841 | 618,854 | 900,136 | 0 |
| provisions | 6,764,000 | 5,387,811 | 4,099,102 | 4,119,302 | 4,584,385 | 4,677,614 | 2,520,425 | 3,200,852 | 2,764,494 | 325,040 | 405,787 | 363,669 | 286,742 | 197,488 |
| total long term liabilities | 21,353,000 | 24,771,308 | 24,177,682 | 20,515,043 | 20,770,835 | 22,264,268 | 22,506,837 | 26,166,871 | 21,738,217 | 13,915,643 | 13,428,100 | 13,746,834 | 14,797,548 | 10,172,488 |
| total liabilities | 25,304,000 | 27,283,541 | 26,158,940 | 22,904,097 | 25,156,976 | 28,593,605 | 30,151,949 | 32,633,939 | 31,023,363 | 18,867,506 | 16,606,557 | 18,775,571 | 18,163,250 | 14,885,128 |
| net assets | 45,572,000 | 38,579,471 | 37,703,332 | 38,375,043 | 41,947,528 | 39,549,464 | 24,814,672 | 21,657,901 | 19,239,973 | 16,586,834 | 17,676,483 | 17,262,152 | 21,868,940 | 21,135,610 |
| total shareholders funds | 45,572,000 | 38,579,471 | 37,703,332 | 38,375,043 | 41,947,528 | 39,549,464 | 24,814,672 | 21,657,901 | 19,239,973 | 16,586,834 | 17,676,483 | 17,262,152 | 21,868,940 | 21,135,610 |
| Dec 2022 | Feb 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,738,000 | 2,982,037 | -530,761 | 1,842,178 | 3,418,064 | 3,654,329 | 3,622,363 | 3,038,955 | 3,320,663 | 2,120,378 | 2,006,469 | 2,024,252 | 1,967,484 | 930,806 |
| Depreciation | 1,661,000 | 164,688 | 233,153 | 973,811 | 983,989 | 826,341 | 838,768 | 777,610 | 757,982 | 464,085 | 452,405 | 506,254 | 464,055 | 544,855 |
| Amortisation | 52,000 | 50,952 | 52,120 | -215,911 | -215,907 | -215,905 | -235,443 | -215,905 | -215,904 | -259,854 | -260,413 | -260,413 | -263,585 | -268,025 |
| Tax | -341,000 | -608,859 | 168,252 | -367,313 | -650,519 | -648,879 | -673,910 | -544,092 | -509,941 | 128,623 | -290,997 | -343,292 | -372,111 | -132,952 |
| Stock | 44,000 | 29,006 | -11,494 | -37,633 | 4,845 | 3,196 | 1,793 | -5,730 | 10,025 | -3,525 | -7,449 | 4,497 | 4,717 | 36,758 |
| Debtors | 1,021,685 | -1,036,203 | 949,350 | 102,034 | -73,761 | -72,442 | 71,293 | -100,872 | -231,756 | -257,922 | -761,263 | -1,188,304 | -8,358 | 3,034,316 |
| Creditors | 396,580 | 89,803 | -242,905 | -389,029 | -154,084 | 165,984 | -5,802 | -207,044 | 463,604 | 42,136 | -197,216 | 111,149 | 278,322 | 266,305 |
| Accruals and Deferred Income | 1,352,332 | 318,742 | -800,003 | -833,449 | -182,254 | -246,895 | 441,480 | 264,666 | 390,943 | 369,384 | 156,015 | -19,466 | 372,915 | 1,260,332 |
| Deferred Taxes & Provisions | 2,664,898 | 1,288,709 | -20,200 | -465,083 | -93,229 | 2,157,189 | -680,427 | 436,358 | 2,439,454 | -80,747 | 42,118 | 76,927 | 89,254 | 197,488 |
| Cash flow from operations | 8,458,125 | 5,293,269 | -2,078,200 | 480,803 | 3,174,976 | 5,761,410 | 3,233,943 | 3,657,150 | 6,868,532 | 3,045,452 | 2,677,093 | 3,279,218 | 2,539,975 | -272,265 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -261,441 | -444,699 | -1,507,842 | -8,413,885 | -227,069 | -163,377 | -335,053 | -101,996 | -22,394 | |
| Change in Investments | 0 | 0 | -1,370,850 | 1,370,850 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 1,370,850 | -1,370,850 | 0 | -261,441 | -444,699 | -1,507,842 | -8,413,885 | -227,069 | -163,377 | -335,053 | -101,996 | -22,394 | |
| Financing Activities | ||||||||||||||
| Bank loans | -108,503 | 112,501 | 622,612 | -787,109 | 0 | 0 | 0 | -3,343,000 | 3,482,000 | 860,000 | -852,500 | -7,500 | 247,500 | 612,500 |
| Group/Directors Accounts | 168,000 | 98 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,260,429 | 1,260,429 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -5,331,247 | -685,252 | 3,695,339 | 221,791 | -1,387,704 | -2,387,258 | -2,967,107 | 4,004,796 | 6,184,448 | 377,470 | -582,420 | -840,686 | 3,626,578 | 9,975,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,396 | -5,696 | -5,673 | 14,765 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -788,828 | -55,013 | 224,987 | -281,282 | 900,136 | 0 |
| share issue | ||||||||||||||
| interest | -420,000 | -239,873 | -309,202 | -417,288 | -462,462 | -417,780 | -448,497 | -544,175 | -880,439 | -534,019 | -571,715 | -627,564 | -593,070 | -476,120 |
| cash flow from financing | -800,082 | -2,069,692 | 4,008,749 | -5,612,668 | -1,757,185 | 9,342,084 | -2,758,789 | 2,584,888 | 8,823,314 | 645,042 | -1,787,344 | -6,432,789 | 2,935,480 | 34,540,727 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,900,059 | 3,169,275 | 3,206,113 | -1,344,918 | -639,429 | -724,756 | 779,859 | 367,716 | 373,414 | 1,519,614 | -1,370,125 | 1,761,523 | -1,166,094 | 1,401,024 |
| overdraft | 3,000 | 0 | 0 | 0 | -1,619,358 | -1,247,364 | 729,866 | 454,800 | -15,764 | 751,115 | -954,302 | 1,578,852 | -990,919 | 1,313,074 |
| change in cash | 1,897,059 | 3,169,275 | 3,206,113 | -1,344,918 | 979,929 | 522,608 | 49,993 | -87,084 | 389,178 | 768,499 | -415,823 | 182,671 | -175,175 | 87,950 |
chardon trading limited Credit Report and Business Information
Chardon Trading Limited Competitor Analysis
Perform a competitor analysis for chardon trading limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
chardon trading limited Ownership
CHARDON TRADING LIMITED group structure
Chardon Trading Limited has 8 subsidiary companies.
Ultimate parent company
TITAN INVESTMENT LTD
#0130770
2 parents
CHARDON TRADING LIMITED
SC075521
8 subsidiaries
chardon trading limited directors
Chardon Trading Limited currently has 3 directors. The longest serving directors include Mr Sean Lowe (Feb 2022) and Mr Adrian Bradley (Feb 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sean Lowe | England | 51 years | Feb 2022 | - | Director |
| Mr Adrian Bradley | England | 60 years | Feb 2022 | - | Director |
| Mr Mitchell Friend | United Kingdom | 38 years | Jul 2022 | - | Director |
P&L
December 2022turnover
14.9m
+384%
operating profit
3.7m
-804%
gross margin
57.6%
+251.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
45.6m
+0.21%
total assets
70.9m
+0.11%
cash
6.1m
+0.46%
net assets
Total assets minus all liabilities
chardon trading limited company details
company number
SC075521
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
July 1981
age
43
accounts
Group
ultimate parent company
previous names
dorchester court investments limited (January 2005)
garfield hotel (glasgow) limited,the (July 1988)
incorporated
UK
address
58 morrison street, edinburgh, EH3 8BP
last accounts submitted
December 2022
chardon trading 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 9 charges/mortgages relating to chardon trading limited. Currently there are 2 open charges and 7 have been satisfied in the past.
chardon trading limited Companies House Filings - See Documents
| date | description | view/download |
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