cruden homes holdings limited

cruden homes holdings limited Company Information

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Company Number

SC184082

Industry

Activities of construction holding companies

 

Directors

Kevin Reid

Steven Simpson

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Shareholders

cruden investments ltd

Group Structure

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Contact

Registered Address

16 walker street, edinburgh, EH3 7LP

cruden homes holdings limited Estimated Valuation

£57.3m

Pomanda estimates the enterprise value of CRUDEN HOMES HOLDINGS LIMITED at £57.3m based on a Turnover of £35.7m and 1.6x industry multiple (adjusted for size and gross margin).

cruden homes holdings limited Estimated Valuation

£11.3m

Pomanda estimates the enterprise value of CRUDEN HOMES HOLDINGS LIMITED at £11.3m based on an EBITDA of £1.5m and a 7.45x industry multiple (adjusted for size and gross margin).

cruden homes holdings limited Estimated Valuation

£42.3m

Pomanda estimates the enterprise value of CRUDEN HOMES HOLDINGS LIMITED at £42.3m based on Net Assets of £25.5m and 1.66x industry multiple (adjusted for liquidity).

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Cruden Homes Holdings Limited Overview

Cruden Homes Holdings Limited is a live company located in edinburgh, EH3 7LP with a Companies House number of SC184082. It operates in the activities of construction holding companies sector, SIC Code 64203. Founded in March 1998, it's largest shareholder is cruden investments ltd with a 100% stake. Cruden Homes Holdings Limited is a mature, large sized company, Pomanda has estimated its turnover at £35.7m with declining growth in recent years.

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Cruden Homes Holdings Limited Health Check

Pomanda's financial health check has awarded Cruden Homes Holdings Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £35.7m, make it larger than the average company (£24.7m)

£35.7m - Cruden Homes Holdings Limited

£24.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (9.7%)

-34% - Cruden Homes Holdings Limited

9.7% - Industry AVG

production

Production

with a gross margin of 11.5%, this company has a higher cost of product (17%)

11.5% - Cruden Homes Holdings Limited

17% - Industry AVG

profitability

Profitability

an operating margin of 4.2% make it as profitable than the average company (4.6%)

4.2% - Cruden Homes Holdings Limited

4.6% - Industry AVG

employees

Employees

with 136 employees, this is above the industry average (79)

136 - Cruden Homes Holdings Limited

79 - Industry AVG

paystructure

Pay Structure

on an average salary of £63.4k, the company has an equivalent pay structure (£53.7k)

£63.4k - Cruden Homes Holdings Limited

£53.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £262.5k, this is less efficient (£343.2k)

£262.5k - Cruden Homes Holdings Limited

£343.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 41 days, this is earlier than average (52 days)

41 days - Cruden Homes Holdings Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 72 days, this is slower than average (42 days)

72 days - Cruden Homes Holdings Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 171 days, this is more than average (14 days)

171 days - Cruden Homes Holdings Limited

14 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (21 weeks)

0 weeks - Cruden Homes Holdings Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 48%, this is a lower level of debt than the average (61.2%)

48% - Cruden Homes Holdings Limited

61.2% - Industry AVG

CRUDEN HOMES HOLDINGS LIMITED financials

EXPORTms excel logo

Cruden Homes Holdings Limited's latest turnover from March 2024 is £35.7 million and the company has net assets of £25.5 million. According to their latest financial statements, Cruden Homes Holdings Limited has 136 employees and maintains cash reserves of £2 thousand 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
Turnover35,702,00054,477,00075,654,000123,502,000143,121,00090,663,00092,867,000111,018,00076,803,00062,332,00057,245,44861,071,70856,301,04154,898,93056,217,525
Other Income Or Grants0000-651,0000000000000
Cost Of Sales31,582,00049,758,00067,355,000116,994,000129,591,00083,463,00084,091,000100,009,00066,959,00054,652,00050,487,37054,043,85349,026,95447,713,16149,378,521
Gross Profit4,120,0004,719,0008,299,0006,508,00012,879,0007,200,0008,776,00011,009,0009,844,0007,680,0006,758,0787,027,8557,274,0877,185,7696,839,004
Admin Expenses2,621,0003,686,0003,821,0008,387,0008,337,0005,807,0003,398,0004,009,0003,613,0003,875,0003,655,3693,632,6183,397,1153,485,1203,353,055
Operating Profit1,499,0001,033,0004,478,000-1,879,0004,542,0001,393,0005,378,0007,000,0006,231,0003,805,0003,102,7093,395,2373,876,9723,700,6493,485,949
Interest Payable259,000138,000380,000360,0006,00082,00017,000146,000181,000324,000366,407559,536588,381393,648439,951
Interest Receivable177,000213,000141,000159,000363,000222,000169,000168,000185,000140,000123,036241,300208,642185,791195,101
Pre-Tax Profit2,819,0003,356,0006,080,000-1,731,0004,899,0001,533,0005,530,0007,022,0006,235,0003,606,0002,824,4852,985,7333,295,0643,302,9541,486,706
Tax-575,000-638,000-1,151,000275,000-869,000-284,000-889,000-1,411,000-1,237,000-768,000-654,417126,965-524,572-953,534-572,090
Profit After Tax2,244,0002,718,0004,929,000-1,456,0004,030,0001,249,0004,641,0005,611,0004,998,0002,838,0002,170,0683,112,6982,770,4922,349,420914,616
Dividends Paid726,0001,361,0002,460,0003,420,0001,535,0003,639,0002,409,0002,941,0002,399,0001,340,000924,0001,320,0001,300,0001,210,000780,000
Retained Profit1,518,0001,357,0002,469,000-4,876,0002,495,000-2,390,0002,232,0002,670,0002,599,0001,498,0001,246,0681,792,6981,470,4921,139,420134,616
Employee Costs8,623,0005,562,0005,315,00015,567,00015,814,00014,879,00014,184,00012,553,00010,071,0008,764,0008,603,5888,653,5028,952,3128,496,8918,418,724
Number Of Employees1366866275275297274261201185189197206209206
EBITDA*1,515,0001,088,0004,553,000-1,715,0004,689,0001,527,0005,508,0007,108,0006,320,0003,897,0003,219,7552,592,6002,268,4293,934,5303,759,125

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets41,00063,000108,000276,000354,000435,000463,0001,075,0001,074,000919,000994,6821,093,3351,223,0971,397,6561,562,066
Intangible Assets000000000000-969,65600
Investments & Other18,000,00016,938,00013,184,00012,888,0009,844,0005,806,0004,951,0005,610,0004,856,0002,917,0002,912,8921,644,6441,865,2312,654,3842,521,290
Debtors (Due After 1 year)3,111,0002,910,0002,326,0001,769,000313,000900,0001,231,0001,416,0001,486,0001,653,0001,627,5311,409,6761,397,645470,325285,152
Total Fixed Assets21,152,00019,911,00015,618,00014,933,00010,511,0007,141,0006,645,0008,101,0007,416,0005,489,0005,535,1054,147,6553,516,3174,522,3654,368,508
Stock & work in progress14,828,00010,984,00012,635,00016,617,00010,805,00013,889,00010,556,0008,767,00014,930,00012,160,00011,387,15512,098,18816,633,6469,646,2239,387,118
Trade Debtors4,057,0003,355,0005,106,00016,866,00013,873,00017,946,00019,327,00010,642,00013,277,0009,665,00012,874,63010,907,0234,967,6975,372,9356,472,839
Group Debtors6,772,0005,679,00012,251,00021,206,00026,382,00014,026,00018,377,00023,531,00016,186,00016,850,00016,650,28719,926,85325,745,15624,522,66621,450,959
Misc Debtors2,278,0003,320,0003,716,0005,661,0003,418,0002,622,0004,074,0003,834,0002,031,000908,0001,254,9661,823,782785,446653,656530,629
Cash2,0003,0001,657,000650,000226,000478,000555,0000625,000452,000216,77437,569302,378483,790133,982
misc current assets000000000000000
total current assets27,937,00023,341,00035,365,00061,000,00054,704,00048,961,00052,889,00046,774,00047,049,00040,035,00042,383,81244,793,41548,434,32340,679,27037,975,527
total assets49,089,00043,252,00050,983,00075,933,00065,215,00056,102,00059,534,00054,875,00054,465,00045,524,00047,918,91748,941,07051,950,64045,201,63542,344,035
Bank overdraft00000000005,288,5684,128,4252,067,101869,056503,783
Bank loan000003,498,0006,392,0001,310,0003,984,000000000
Trade Creditors 6,259,0006,556,0006,918,00014,601,00011,280,00010,292,00012,174,00014,829,00013,589,00013,805,00012,884,95715,739,12417,144,62717,654,35017,289,346
Group/Directors Accounts6,835,0002,282,0008,632,00014,970,0005,012,0002,127,0001,615,0001,619,0008,567,0009,176,00012,176,70513,786,04117,293,79311,911,23812,309,740
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities8,633,00010,389,00012,765,00027,078,00026,938,00020,564,00017,359,00017,132,00012,330,0008,454,0005,507,3404,821,0686,776,0287,579,2846,192,879
total current liabilities21,727,00019,227,00028,315,00056,649,00043,230,00036,481,00037,540,00034,890,00038,470,00031,435,00035,857,57038,474,65843,281,54938,013,92836,295,748
loans0000000105,000178,000296,00048,0260000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities1,823,000000306,000437,0001,418,0001,404,0000577,000315,0000000
provisions00011,00013,00013,00015,000147,000158,000156,0001,35615,51510,89200
total long term liabilities1,823,0000011,000319,000450,0001,433,0001,656,000336,0001,029,000364,38215,51510,89200
total liabilities23,550,00019,227,00028,315,00056,660,00043,549,00036,931,00038,973,00036,546,00038,806,00032,464,00036,221,95238,490,17343,292,44138,013,92836,295,748
net assets25,539,00024,025,00022,668,00019,273,00021,666,00019,171,00020,561,00018,329,00015,659,00013,060,00011,696,96510,450,8978,658,1997,187,7076,048,287
total shareholders funds25,539,00024,025,00022,668,00019,273,00021,666,00019,171,00020,561,00018,329,00015,659,00013,060,00011,696,96510,450,8978,658,1997,187,7076,048,287
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit1,499,0001,033,0004,478,000-1,879,0004,542,0001,393,0005,378,0007,000,0006,231,0003,805,0003,102,7093,395,2373,876,9723,700,6493,485,949
Depreciation16,00055,00075,000164,000147,000134,000130,000108,00089,00092,000117,046167,019221,744233,881217,725
Amortisation00000000000-969,656-1,830,287055,451
Tax-575,000-638,000-1,151,000275,000-869,000-284,000-889,000-1,411,000-1,237,000-768,000-654,417126,965-524,572-953,534-572,090
Stock3,844,000-1,651,000-3,982,0005,812,000-3,084,0003,333,0001,789,000-6,163,0002,770,000772,845-711,033-4,535,4586,987,423259,1059,387,118
Debtors954,000-8,135,000-22,103,0001,516,0008,492,000-7,515,0003,586,0006,443,0003,904,000-3,331,414-1,659,9201,171,3901,876,3622,280,00328,739,579
Creditors-297,000-362,000-7,683,0003,321,000988,000-1,882,000-2,655,0001,240,000-216,000920,043-2,854,167-1,405,503-509,723365,00417,289,346
Accruals and Deferred Income-1,756,000-2,376,000-14,313,000140,0006,374,0003,205,000227,0004,802,0003,876,0002,946,660686,272-1,954,960-803,2561,386,4056,192,879
Deferred Taxes & Provisions00-11,000-2,0000-2,000-132,000-11,0002,000154,644-14,1594,62310,89200
Cash flow from operations-5,911,0007,498,0007,480,000-5,309,0005,774,0006,746,000-3,316,00011,448,0002,071,0009,708,9162,754,2372,727,793-8,422,0152,193,297-11,457,437
Investing Activities
capital expenditure00000-486,0003,239,0007,000-1,331,000-58,000-18,393-37,2572,752,758-69,471-1,835,242
Change in Investments1,062,0003,754,000296,0003,044,0004,038,000855,000-659,000754,0001,939,0004,1081,268,248-220,587-789,153133,0942,521,290
cash flow from investments-1,062,000-3,754,000-296,000-3,044,000-4,038,000-1,341,0003,898,000-747,000-3,270,000-62,108-1,286,641183,3303,541,911-202,565-4,356,532
Financing Activities
Bank loans0000-3,498,000-2,894,0005,082,000-2,674,0003,984,000000000
Group/Directors Accounts4,553,000-6,350,000-6,338,0009,958,0002,885,000512,000-4,000-6,948,000-609,000-3,000,705-1,609,336-3,507,7525,382,555-398,50212,309,740
Other Short Term Loans 000000000000000
Long term loans000000-105,000-73,000-118,000247,97448,0260000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities1,823,00000-306,000-131,000-981,00014,0001,404,000-577,000262,000315,0000000
share issue-4,0000926,0002,483,00001,000,000000-134,96500005,913,671
interest-82,00075,000-239,000-201,000357,000140,000152,00022,0004,000-184,000-243,371-318,236-379,739-207,857-244,850
cash flow from financing6,290,000-6,275,000-5,651,00011,934,000-387,000-2,223,0005,139,000-8,269,0002,684,000-2,809,696-1,489,681-3,825,9885,002,816-606,35917,978,561
cash and cash equivalents
cash-1,000-1,654,0001,007,000424,000-252,000-77,000555,000-625,000173,000235,226179,205-264,809-181,412349,808133,982
overdraft000000000-5,288,5681,160,1432,061,3241,198,045365,273503,783
change in cash-1,000-1,654,0001,007,000424,000-252,000-77,000555,000-625,000173,0005,523,794-980,938-2,326,133-1,379,457-15,465-369,801

cruden homes holdings 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 Homes Holdings Limited Competitor Analysis

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Perform a competitor analysis for cruden homes holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EH3 area or any other competitors across 12 key performance metrics.

cruden homes holdings limited Ownership

CRUDEN HOMES HOLDINGS LIMITED group structure

Cruden Homes Holdings Limited has 2 subsidiary companies.

CRUDEN HOMES HOLDINGS LIMITED Shareholders

cruden investments ltd 100%

cruden homes holdings limited directors

Cruden Homes Holdings Limited currently has 3 directors. The longest serving directors include Mr Kevin Reid (Oct 1999) and Mr Steven Simpson (Mar 2016).

officercountryagestartendrole
Mr Kevin ReidScotland57 years Oct 1999- Director
Mr Steven SimpsonScotland57 years Mar 2016- Director
Mr Euan HaggertyScotland47 years Mar 2019- Director

P&L

March 2024

turnover

35.7m

-34%

operating profit

1.5m

+45%

gross margin

11.6%

+33.22%

turnover

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

Balance Sheet

March 2024

net assets

25.5m

+0.06%

total assets

49.1m

+0.13%

cash

2k

-0.33%

net assets

Total assets minus all liabilities

cruden homes holdings limited company details

company number

SC184082

Type

Private limited with Share Capital

industry

64203 - Activities of construction holding companies

incorporation date

March 1998

age

27

incorporated

UK

ultimate parent company

accounts

Group

last accounts submitted

March 2024

previous names

cruden holdings (east) limited (April 2021)

cruden developments (dalry) limited (November 1999)

accountant

-

auditor

RSM UK AUDIT LLP

address

16 walker street, edinburgh, EH3 7LP

Bank

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

BURNESS PAULL LLP

cruden homes holdings 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 1 charges/mortgages relating to cruden homes holdings limited. Currently there are 1 open charges and 0 have been satisfied in the past.

cruden homes holdings 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 homes holdings limited Companies House Filings - See Documents

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