horsecross trading ltd
horsecross trading ltd Company Information
Company Number
SC081948
Website
www.horsecross.co.ukRegistered Address
perth concert hall mill street, perth, PH1 5HZ
Industry
Licensed restaurants
Telephone
441738621031
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
horsecross arts limited 100%
horsecross trading ltd Estimated Valuation
Pomanda estimates the enterprise value of HORSECROSS TRADING LTD at £560.3k based on a Turnover of £695.6k and 0.81x industry multiple (adjusted for size and gross margin).
horsecross trading ltd Estimated Valuation
Pomanda estimates the enterprise value of HORSECROSS TRADING LTD at £922k based on an EBITDA of £192.8k and a 4.78x industry multiple (adjusted for size and gross margin).
horsecross trading ltd Estimated Valuation
Pomanda estimates the enterprise value of HORSECROSS TRADING LTD at £874.8k based on Net Assets of £270k and 3.24x industry multiple (adjusted for liquidity).
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Horsecross Trading Ltd Overview
Horsecross Trading Ltd is a live company located in perth, PH1 5HZ with a Companies House number of SC081948. It operates in the licenced restaurants sector, SIC Code 56101. Founded in February 1983, it's largest shareholder is horsecross arts limited with a 100% stake. Horsecross Trading Ltd is a mature, small sized company, Pomanda has estimated its turnover at £695.6k with declining growth in recent years.
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Horsecross Trading Ltd Health Check
Pomanda's financial health check has awarded Horsecross Trading Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £695.6k, make it smaller than the average company (£1.6m)
£695.6k - Horsecross Trading Ltd
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (3.5%)
-11% - Horsecross Trading Ltd
3.5% - Industry AVG
Production
with a gross margin of 73.2%, this company has a lower cost of product (56.9%)
73.2% - Horsecross Trading Ltd
56.9% - Industry AVG
Profitability
an operating margin of 26.5% make it more profitable than the average company (4.2%)
26.5% - Horsecross Trading Ltd
4.2% - Industry AVG
Employees
with 36 employees, this is similar to the industry average (34)
36 - Horsecross Trading Ltd
34 - Industry AVG
Pay Structure
on an average salary of £8.1k, the company has a lower pay structure (£18.8k)
£8.1k - Horsecross Trading Ltd
£18.8k - Industry AVG
Efficiency
resulting in sales per employee of £19.3k, this is less efficient (£50k)
£19.3k - Horsecross Trading Ltd
£50k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is later than average (6 days)
44 days - Horsecross Trading Ltd
6 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is quicker than average (46 days)
30 days - Horsecross Trading Ltd
46 days - Industry AVG
Stock Days
it holds stock equivalent to 31 days, this is more than average (13 days)
31 days - Horsecross Trading Ltd
13 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 92 weeks, this is more cash available to meet short term requirements (14 weeks)
92 weeks - Horsecross Trading Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 43.2%, this is a lower level of debt than the average (85.4%)
43.2% - Horsecross Trading Ltd
85.4% - Industry AVG
HORSECROSS TRADING LTD financials
Horsecross Trading Ltd's latest turnover from March 2023 is £695.6 thousand and the company has net assets of £270 thousand. According to their latest financial statements, Horsecross Trading Ltd has 36 employees and maintains cash reserves of £365.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 695,645 | 215,985 | 76,562 | 994,749 | 1,148,609 | 881,055 | 582,967 | 545,846 | 531,230 | 636,515 | 687,137 | 701,319 | 731,065 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 186,708 | 50,761 | 8,168 | 289,559 | 281,317 | 217,459 | 177,442 | 167,534 | 185,059 | 225,871 | 256,895 | 249,164 | 260,426 | |
| Gross Profit | 508,937 | 165,224 | 68,394 | 705,190 | 867,292 | 663,596 | 405,525 | 378,312 | 346,171 | 410,644 | 430,242 | 452,155 | 470,639 | |
| Admin Expenses | 324,694 | 127,362 | 160,351 | 580,091 | 657,252 | 492,384 | 333,048 | 306,550 | 298,581 | 422,835 | 480,115 | |||
| Operating Profit | 184,243 | 37,862 | -91,957 | 125,099 | 210,040 | 171,212 | 72,477 | 71,762 | 47,590 | -12,191 | -49,873 | |||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,425 | 5,173 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | 184,243 | 37,862 | -91,957 | 125,099 | 210,040 | 191,829 | 119,352 | 71,762 | 47,590 | 95,285 | -49,873 | -45,413 | 0 | |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Profit After Tax | 184,243 | 37,862 | -91,957 | 125,099 | 210,040 | 191,829 | 119,352 | 71,762 | 47,590 | 95,285 | -49,873 | -45,413 | 0 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 184,243 | 37,862 | -91,957 | 125,099 | 55,640 | 132,298 | 119,352 | 71,762 | 47,590 | 95,285 | -49,873 | -45,413 | 0 | |
| Employee Costs | 290,804 | 98,139 | 344,677 | 517,030 | 400,889 | |||||||||
| Number Of Employees | 36 | 20 | 26 | 45 | 46 | 41 | 27 | 30 | ||||||
| EBITDA* | 192,848 | 50,106 | -83,822 | 133,234 | 217,807 | 176,432 | 76,314 | 76,059 | 53,033 | -3,247 | -42,110 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,458 | 16,723 | 13,362 | 20,588 | 25,123 | 29,895 | 12,726 | 12,889 | 17,186 | 21,484 | 23,292 | 30,205 | 36,212 | 48,283 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 | 15,000 | 15,000 | 15,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 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 | 9,458 | 16,723 | 13,362 | 20,588 | 25,123 | 29,895 | 12,726 | 12,889 | 17,186 | 21,484 | 38,292 | 45,205 | 51,212 | 63,283 |
| Stock & work in progress | 15,902 | 12,359 | 3,912 | 4,800 | 19,307 | 20,386 | 12,763 | 14,749 | 13,039 | 13,039 | 17,638 | 21,228 | 13,653 | 14,514 |
| Trade Debtors | 84,035 | 38,617 | 0 | 29,585 | 78,032 | 35,280 | 27,910 | 31,460 | 39,098 | 24,346 | 20,825 | 35,000 | 47,398 | 59,926 |
| Group Debtors | 0 | 0 | 0 | 221,826 | 194,978 | 196,843 | 37,972 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 802 | 1,281 | 702 | 17,140 | 7,830 | 11,899 | 5,113 | 1,307 | 2,960 | 13,126 | 6,603 | 16,910 | 17,957 | 0 |
| Cash | 365,313 | 138,116 | 100,508 | 67,274 | 137,229 | 104,123 | 152,044 | 147,249 | 104,340 | 70,294 | 156,066 | 193,726 | 316,468 | 321,202 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 466,052 | 190,373 | 105,122 | 340,625 | 437,376 | 368,531 | 235,802 | 194,765 | 159,437 | 120,805 | 201,132 | 266,864 | 395,476 | 395,642 |
| total assets | 475,510 | 207,096 | 118,484 | 361,213 | 462,499 | 398,426 | 248,528 | 207,654 | 176,623 | 142,289 | 239,424 | 312,069 | 446,688 | 458,925 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 15,391 | 29,541 | 4,589 | 33,098 | 39,209 | 32,031 | 21,111 | 11,486 | 4,085 | 20,606 | 30,578 | 10,221 | 27,085 | 458,922 |
| Group/Directors Accounts | 148,278 | 62,360 | 21,106 | 0 | 0 | 0 | 0 | 36,868 | 92,011 | 108,830 | 276,143 | 328,545 | 407,686 | 0 |
| 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 | 0 | 0 | 0 | 0 |
| other current liabilities | 41,852 | 29,449 | 44,905 | 58,136 | 64,137 | 62,882 | 35,585 | 39,945 | 32,934 | 12,850 | 27,985 | 18,713 | 11,914 | 0 |
| total current liabilities | 205,521 | 121,350 | 70,600 | 91,234 | 103,346 | 94,913 | 56,696 | 88,299 | 129,030 | 142,286 | 334,706 | 357,479 | 446,685 | 458,922 |
| loans | 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 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 205,521 | 121,350 | 70,600 | 91,234 | 103,346 | 94,913 | 56,696 | 88,299 | 129,030 | 142,286 | 334,706 | 357,479 | 446,685 | 458,922 |
| net assets | 269,989 | 85,746 | 47,884 | 269,979 | 359,153 | 303,513 | 191,832 | 119,355 | 47,593 | 3 | -95,282 | -45,410 | 3 | 3 |
| total shareholders funds | 269,989 | 85,746 | 47,884 | 269,979 | 359,153 | 303,513 | 191,832 | 119,355 | 47,593 | 3 | -95,282 | -45,410 | 3 | 3 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 184,243 | 37,862 | -91,957 | 125,099 | 210,040 | 171,212 | 72,477 | 71,762 | 47,590 | -12,191 | -49,873 | |||
| Depreciation | 8,605 | 12,244 | 8,135 | 8,135 | 7,767 | 5,220 | 3,837 | 4,297 | 5,443 | 8,944 | 7,763 | 10,069 | 12,071 | 16,094 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Stock | 3,543 | 8,447 | -888 | -14,507 | -1,079 | 7,623 | -1,986 | 1,710 | 0 | -4,599 | -3,590 | 7,575 | -861 | 14,514 |
| Debtors | 44,939 | 39,196 | -267,849 | -12,289 | 36,818 | 173,027 | 38,228 | -9,291 | 4,586 | 10,044 | -24,482 | -13,445 | 5,429 | 59,926 |
| Creditors | -14,150 | 24,952 | -28,509 | -6,111 | 7,178 | 10,920 | 9,625 | 7,401 | -16,521 | -9,972 | 20,357 | -16,864 | -431,837 | 458,922 |
| Accruals and Deferred Income | 12,403 | -15,456 | -13,231 | -6,001 | 1,255 | 27,297 | -4,360 | 7,011 | 20,084 | -15,135 | 9,272 | 6,799 | 11,914 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 142,619 | 11,959 | 143,175 | 147,918 | 190,501 | 33,999 | 45,337 | 98,052 | 52,010 | -33,799 | 15,591 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 85,918 | 41,254 | 21,106 | 0 | 0 | 0 | -36,868 | -55,143 | -16,819 | -167,313 | -52,402 | -79,141 | 407,686 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,425 | -5,173 | 0 | 0 | |
| cash flow from financing | 85,918 | 41,254 | -109,032 | -214,273 | 0 | -20,617 | -83,743 | -55,143 | -16,819 | -172,738 | -57,574 | -79,141 | 407,686 | |
| cash and cash equivalents | ||||||||||||||
| cash | 227,197 | 37,608 | 33,234 | -69,955 | 33,106 | -47,921 | 4,795 | 42,909 | 34,046 | -85,772 | -37,660 | -122,742 | -4,734 | 321,202 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 227,197 | 37,608 | 33,234 | -69,955 | 33,106 | -47,921 | 4,795 | 42,909 | 34,046 | -85,772 | -37,660 | -122,742 | -4,734 | 321,202 |
horsecross trading ltd Credit Report and Business Information
Horsecross Trading Ltd Competitor Analysis
Perform a competitor analysis for horsecross trading ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
horsecross trading ltd Ownership
HORSECROSS TRADING LTD group structure
Horsecross Trading Ltd has no subsidiary companies.
horsecross trading ltd directors
Horsecross Trading Ltd currently has 2 directors. The longest serving directors include Mrs Michaela Anderson (Feb 2020) and Mr Christopher Glasgow Mcneil (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Michaela Anderson | Scotland | 62 years | Feb 2020 | - | Director |
| Mr Christopher Glasgow Mcneil | 36 years | Aug 2023 | - | Director |
P&L
March 2023turnover
695.6k
+222%
operating profit
184.2k
+387%
gross margin
73.2%
-4.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
270k
+2.15%
total assets
475.5k
+1.3%
cash
365.3k
+1.64%
net assets
Total assets minus all liabilities
horsecross trading ltd company details
company number
SC081948
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
February 1983
age
41
accounts
Small Company
ultimate parent company
previous names
perth theatre catering services limited (October 2017)
incorporated
UK
address
perth concert hall mill street, perth, PH1 5HZ
last accounts submitted
March 2023
horsecross trading ltd 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 did not find charges/mortgages relating to horsecross trading ltd.
horsecross trading ltd Companies House Filings - See Documents
| date | description | view/download |
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