cruden holdings limited

cruden holdings limited Company Information

Share CRUDEN HOLDINGS LIMITED
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EstablishedMegaDeclining

Company Number

SC339123

Industry

Activities of construction holding companies

 

Directors

Kevin Reid

Graeme Bissett

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Shareholders

cruden foundation limited

kevin david reid

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Group Structure

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Contact

Registered Address

16 walker street, edinburgh, EH3 7LP

cruden holdings limited Estimated Valuation

£206.7m

Pomanda estimates the enterprise value of CRUDEN HOLDINGS LIMITED at £206.7m based on a Turnover of £124.2m and 1.66x industry multiple (adjusted for size and gross margin).

cruden holdings limited Estimated Valuation

£4.7m

Pomanda estimates the enterprise value of CRUDEN HOLDINGS LIMITED at £4.7m based on an EBITDA of £612k and a 7.73x industry multiple (adjusted for size and gross margin).

cruden holdings limited Estimated Valuation

£67.3m

Pomanda estimates the enterprise value of CRUDEN HOLDINGS LIMITED at £67.3m based on Net Assets of £40.7m and 1.66x industry multiple (adjusted for liquidity).

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Cruden Holdings Limited Overview

Cruden Holdings Limited is a live company located in edinburgh, EH3 7LP with a Companies House number of SC339123. It operates in the activities of construction holding companies sector, SIC Code 64203. Founded in March 2008, it's largest shareholder is cruden foundation limited with a 82.4% stake. Cruden Holdings Limited is a established, mega sized company, Pomanda has estimated its turnover at £124.2m with declining growth in recent years.

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Cruden Holdings Limited Health Check

Pomanda's financial health check has awarded Cruden Holdings Limited a 3.5 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 Rating3.5out 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 (£24.7m)

£124.2m - Cruden Holdings Limited

£24.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (9.7%)

-13% - Cruden Holdings Limited

9.7% - Industry AVG

production

Production

with a gross margin of 7.8%, this company has a higher cost of product (17%)

7.8% - Cruden Holdings Limited

17% - Industry AVG

profitability

Profitability

an operating margin of 0.2% make it less profitable than the average company (4.6%)

0.2% - Cruden Holdings Limited

4.6% - Industry AVG

employees

Employees

with 344 employees, this is above the industry average (79)

344 - Cruden Holdings Limited

79 - Industry AVG

paystructure

Pay Structure

on an average salary of £60.6k, the company has an equivalent pay structure (£53.7k)

£60.6k - Cruden Holdings Limited

£53.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £360.9k, this is equally as efficient (£343.2k)

£360.9k - Cruden Holdings Limited

£343.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 61 days, this is near the average (52 days)

61 days - Cruden Holdings Limited

52 days - Industry AVG

creditordays

Creditor Days

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

68 days - Cruden Holdings Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 49 days, this is more than average (14 days)

49 days - Cruden Holdings Limited

14 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 16 weeks, this is less cash available to meet short term requirements (21 weeks)

16 weeks - Cruden Holdings Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 54.1%, this is a lower level of debt than the average (61.2%)

54.1% - Cruden Holdings Limited

61.2% - Industry AVG

CRUDEN HOLDINGS LIMITED financials

EXPORTms excel logo

Cruden Holdings Limited's latest turnover from March 2024 is £124.2 million and the company has net assets of £40.7 million. According to their latest financial statements, Cruden Holdings Limited has 344 employees and maintains cash reserves of £14.6 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
Turnover124,166,000167,511,000230,955,000186,672,000224,741,000224,887,000217,757,000200,635,000154,197,000142,116,000134,809,000141,495,000130,761,000126,357,000126,415,000
Other Income Or Grants000000000000000
Cost Of Sales114,527,000165,653,000210,197,000169,868,000201,069,00033,194,00017,385,000180,043,000136,768,000125,005,000119,089,000124,759,000114,444,000110,424,000110,874,000
Gross Profit9,639,0001,858,00020,758,00016,804,00023,672,000191,693,000200,372,00020,592,00017,429,00017,111,00015,720,00016,736,00016,317,00015,933,00015,541,000
Admin Expenses9,429,00014,055,00017,738,00016,971,00017,419,000186,729,000195,368,00010,230,00010,032,0009,995,00010,818,00010,892,00010,259,00010,283,00010,646,000
Operating Profit210,000-12,197,0003,020,000-167,0006,253,0004,964,0005,004,00010,362,0007,397,0007,116,0004,902,0005,844,0006,058,0005,650,0004,895,000
Interest Payable387,000321,000297,000153,00019,000347,00027,000367,000337,000352,000446,000489,000682,000549,000627,000
Interest Receivable1,094,000804,000378,000276,000431,000486,000166,000457,000489,000462,000443,000536,000695,000618,000416,000
Pre-Tax Profit917,000-11,714,0004,941,000302,0006,579,0005,497,0009,049,00010,452,0007,549,0007,226,0004,899,0005,840,0005,868,0005,548,0004,690,000
Tax-70,0002,850,000-1,166,000-105,000-1,218,000-948,000-1,705,000-2,210,000-1,639,000-1,626,000-1,194,000-673,000-1,301,000-1,607,000-1,283,000
Profit After Tax847,000-8,864,0003,775,000197,0005,361,0004,549,0007,344,0008,242,0005,910,0005,600,0003,705,0005,167,0004,567,0003,941,0003,407,000
Dividends Paid0000693,000732,0002,489,0001,050,0001,051,0001,051,000900,000398,000648,000150,000150,000
Retained Profit847,000-8,864,0003,775,000197,0004,668,0003,817,0004,855,0007,192,0004,859,0004,549,0002,805,0004,769,0003,919,0003,791,0003,257,000
Employee Costs20,856,00028,816,00030,898,00029,452,00031,011,00029,510,00029,427,00026,880,00023,579,00022,829,00023,931,00024,315,00023,800,00022,269,00022,252,000
Number Of Employees344507577587608646636624582580635658626613607
EBITDA*612,000-11,725,0003,547,000367,0006,690,0005,642,0005,638,00010,945,0007,976,0007,739,0005,383,0005,477,0004,832,0006,279,0004,821,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets5,128,0005,463,0005,856,0006,345,0007,092,0005,400,0006,081,0004,405,0004,468,0004,674,0008,422,0009,540,0009,706,0005,650,00010,568,000
Intangible Assets0000000-189,000-284,000-379,000-474,000-569,000-1,554,000-623,000-668,000
Investments & Other20,062,00018,864,00015,098,00014,798,00011,992,0007,959,0007,909,0007,561,0007,573,0006,262,0003,437,0002,103,0002,377,0007,477,0003,155,000
Debtors (Due After 1 year)4,362,0004,192,0002,326,0001,769,000483,0001,010,0002,125,0002,533,0002,862,0005,547,0005,639,0003,585,0002,979,0001,847,0001,593,000
Total Fixed Assets29,552,00028,519,00023,280,00022,912,00019,567,00014,369,00016,115,00014,310,00014,619,00016,104,00017,024,00014,659,00013,508,00014,351,00014,648,000
Stock & work in progress15,605,00011,761,00013,411,00017,393,00024,306,00025,383,00016,827,00013,524,00023,014,00016,978,00017,067,00016,977,00023,195,00018,257,00019,627,000
Trade Debtors20,886,00027,119,00032,677,00030,093,00027,985,00034,965,00035,125,00026,839,00028,100,00017,832,00017,702,00016,015,00013,986,00010,320,00013,768,000
Group Debtors1,421,0001,687,0002,831,0003,290,0003,378,0001,641,00002,774,000921,0002,354,000563,000264,000879,000934,0001,064,000
Misc Debtors6,555,0008,208,0006,883,0005,838,0005,530,0003,814,0006,015,0006,908,0003,080,0001,940,0002,213,0002,940,0002,569,0002,648,0001,806,000
Cash14,621,00036,037,00051,015,00049,787,00045,139,00035,671,00039,207,00041,977,00026,840,00027,919,00024,284,00033,625,00030,628,00036,268,00014,113,000
misc current assets000000000000000
total current assets59,088,00084,812,000106,817,000106,401,000106,338,000101,474,00097,174,00092,022,00081,955,00067,023,00061,829,00069,821,00071,257,00068,427,00050,378,000
total assets88,640,000113,331,000130,097,000129,313,000125,905,000115,843,000113,289,000106,332,00096,574,00083,127,00078,853,00084,480,00084,765,00082,778,00065,026,000
Bank overdraft000000003,984,000559,000000869,0000
Bank loan00003,705,0003,498,0006,392,0000004,800,0002,184,0002,246,0000504,000
Trade Creditors 21,370,00030,099,00032,923,00031,120,00022,863,00024,952,00029,838,00036,576,00035,457,00028,975,00024,066,00032,582,00042,753,00036,826,00028,908,000
Group/Directors Accounts0113,00061,00052,0002,0002,00000002,0000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities24,516,00043,024,00046,247,00048,801,00049,731,00040,443,00029,359,00024,901,00018,688,00017,449,00017,298,00019,291,00014,473,00020,655,00013,112,000
total current liabilities45,886,00073,236,00079,231,00079,973,00076,301,00068,895,00065,589,00061,477,00058,129,00046,983,00046,166,00054,057,00059,472,00058,350,00042,524,000
loans00173,000373,000573,000573,000773,0002,482,0001,353,000296,0001,179,0001,550,000800,0003,446,0004,346,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities1,823,000000306,000437,0001,512,00000577,000315,0000000
provisions273,000283,000308,000208,000177,000497,000711,000104,000173,00061,0001,00056,000000
total long term liabilities2,096,000283,000481,000581,0001,126,0001,507,0002,996,0003,301,0001,998,0001,786,0001,681,0002,693,0001,530,0003,649,0005,369,000
total liabilities47,982,00073,519,00079,712,00080,554,00077,427,00070,402,00068,585,00064,778,00060,127,00048,769,00047,847,00056,750,00061,002,00061,999,00047,893,000
net assets40,658,00039,812,00050,385,00048,759,00048,478,00045,441,00044,704,00041,554,00036,447,00034,358,00031,006,00027,730,00023,763,00020,779,00017,133,000
total shareholders funds40,658,00039,812,00050,385,00048,759,00048,478,00045,441,00044,704,00041,554,00036,447,00034,358,00031,006,00027,730,00023,763,00020,779,00017,133,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit210,000-12,197,0003,020,000-167,0006,253,0004,964,0005,004,00010,362,0007,397,0007,116,0004,902,0005,844,0006,058,0005,650,0004,895,000
Depreciation402,000472,000527,000534,000437,000584,000539,000488,000484,000528,000576,000618,000643,000674,000687,000
Amortisation0000094,00095,00095,00095,00095,000-95,000-985,000-1,869,000-45,000-761,000
Tax-70,0002,850,000-1,166,000-105,000-1,218,000-948,000-1,705,000-2,210,000-1,639,000-1,626,000-1,194,000-673,000-1,301,000-1,607,000-1,283,000
Stock3,844,000-1,650,000-3,982,000-6,913,000-1,077,0008,556,0003,303,000-9,490,0006,036,000-89,00090,000-6,218,0004,938,000-1,370,00019,627,000
Debtors-7,982,000-3,511,0003,727,0003,614,000-4,054,000-1,835,0004,211,0004,091,0007,290,0001,556,0003,313,0002,391,0004,664,000-2,482,00018,231,000
Creditors-8,729,000-2,824,0001,803,0008,257,000-2,089,000-4,886,000-6,738,0001,119,0006,482,0004,909,000-8,516,000-10,171,0005,927,0007,918,00028,908,000
Accruals and Deferred Income-18,508,000-3,223,000-2,554,000-930,0009,288,00011,084,0004,458,0006,213,0001,239,000151,000-1,993,0004,818,000-6,182,0007,543,00013,112,000
Deferred Taxes & Provisions-10,000-25,000100,00031,000-320,000-214,000607,000-69,000112,00060,000-55,00056,000000
Cash flow from operations-22,567,000-9,786,0001,985,00010,919,00017,482,0003,957,000-5,254,00021,397,000844,0009,766,000-9,778,0003,334,000-6,326,00023,985,0007,700,000
Investing Activities
capital expenditure00000-2,233,000243,000208,000767,0001,030,000-964,000-450,000-757,000-105,000-625,000
Change in Investments1,198,0003,766,000300,0002,806,0004,033,00050,000348,000-12,0001,311,0002,825,0001,334,000-274,000-5,100,0004,322,0003,155,000
cash flow from investments-1,198,000-3,766,000-300,000-2,806,000-4,033,000-2,283,000-105,000220,000-544,000-1,795,000-2,298,000-176,0004,343,000-4,427,000-3,780,000
Financing Activities
Bank loans000-3,705,000207,000-2,894,0006,392,00000-4,800,0002,616,000-62,0002,246,000-504,000504,000
Group/Directors Accounts-113,00052,0009,00050,00002,000000-2,0002,0000000
Other Short Term Loans 000000000000000
Long term loans0-173,000-200,000-200,0000-200,000-1,709,0001,129,0001,057,000-883,000-371,000750,000-2,646,000-900,0004,346,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities1,823,00000-306,000-131,000-1,075,0001,512,0000-577,000262,000315,0000000
share issue-1,000-1,709,000-2,149,00084,000-1,631,000-3,080,000-1,705,000-2,085,000-2,770,000-1,197,000471,000-802,000-935,000-145,00013,876,000
interest707,000483,00081,000123,000412,000139,000139,00090,000152,000110,000-3,00047,00013,00069,000-211,000
cash flow from financing2,416,000-1,347,000-2,259,000-3,954,000-1,143,000-7,108,0004,629,000-866,000-2,138,000-6,510,0003,030,000-67,000-1,322,000-1,480,00018,515,000
cash and cash equivalents
cash-21,416,000-14,978,0001,228,0004,648,0009,468,000-3,536,000-2,770,00015,137,000-1,079,0003,635,000-9,341,0002,997,000-5,640,00022,155,00014,113,000
overdraft0000000-3,984,0003,425,000559,00000-869,000869,0000
change in cash-21,416,000-14,978,0001,228,0004,648,0009,468,000-3,536,000-2,770,00019,121,000-4,504,0003,076,000-9,341,0002,997,000-4,771,00021,286,00014,113,000

cruden holdings limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cruden Holdings Limited Competitor Analysis

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

cruden holdings limited Ownership

CRUDEN HOLDINGS LIMITED group structure

Cruden Holdings Limited has 1 subsidiary company.

Ultimate parent company

CRUDEN HOLDINGS LIMITED

SC339123

1 subsidiary

CRUDEN HOLDINGS LIMITED Shareholders

cruden foundation limited 82.44%
kevin david reid 10.58%
baberton house trustees limited 6.09%
michael john rowley 0.89%

cruden holdings limited directors

Cruden Holdings Limited currently has 3 directors. The longest serving directors include Mr Kevin Reid (Mar 2008) and Mr Graeme Bissett (May 2016).

officercountryagestartendrole
Mr Kevin ReidScotland57 years Mar 2008- Director
Mr Graeme Bissett66 years May 2016- Director
Mr Euan HaggertyScotland47 years Mar 2019- 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

40.7m

+0.02%

total assets

88.6m

-0.22%

cash

14.6m

-0.59%

net assets

Total assets minus all liabilities

cruden holdings limited company details

company number

SC339123

Type

Private limited with Share Capital

industry

64203 - Activities of construction holding companies

incorporation date

March 2008

age

17

incorporated

UK

ultimate parent company

None

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

THE ROYAL BANK OF SCOTLAND PLC

Legal Advisor

BURNESS PAULL LLP

cruden 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 holdings limited. Currently there are 1 open charges and 0 have been satisfied in the past.

cruden 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 holdings limited Companies House Filings - See Documents

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