Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
mansfield house, land street, keith, AB55 5AW
Website
-
cardo (scotland) limitedEstimated Valuation
£21.8m
Pomanda estimates the enterprise value of CARDO (SCOTLAND) LIMITED at £21.8m based on a Turnover of £10.9m and 2x industry multiple (adjusted for size and gross margin).
cardo (scotland) limitedEstimated Valuation
£111.6m
Pomanda estimates the enterprise value of CARDO (SCOTLAND) LIMITED at £111.6m based on an EBITDA of £13.2m and a 8.45x industry multiple (adjusted for size and gross margin).
cardo (scotland) limitedEstimated Valuation
£20.6m
Pomanda estimates the enterprise value of CARDO (SCOTLAND) LIMITED at £20.6m based on Net Assets of £16.2m and 1.27x industry multiple (adjusted for liquidity).
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Cardo (scotland) LimitedOverview
Cardo (scotland) Limited is a live company located in keith, AB55 5AW with a Companies House number of SC713202. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in October 2021, it's largest shareholder is
darren mcleod
with a 30% stake. Cardo (scotland) Limited is a startup,
mid sized company, Pomanda has estimated its turnover at
£10.9m with
unknown
growth in recent years.
Pomanda's financial health check has awarded Cardo (Scotland) 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 Rating4out of 5
5 Strong
1 Regular
5 Weak
Size
annual sales of £10.9m, make it smaller than the average company (£19m)
£10.9m - Cardo (scotland) Limited
£19m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Cardo (scotland) Limited
- - Industry AVG
Production
with a gross margin of 76.1%, this company has a lower cost of product (34.9%)
76.1% - Cardo (scotland) Limited
34.9% - Industry AVG
Profitability
an operating margin of 119.8% make it more profitable than the average company (4.5%)
119.8% - Cardo (scotland) Limited
4.5% - Industry AVG
Employees
with 82 employees, this is below the industry average (104)
82 - Cardo (scotland) Limited
104 - Industry AVG
Pay Structure
on an average salary of £36.9k, the company has an equivalent pay structure (£44.5k)
£36.9k - Cardo (scotland) Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £132.7k, this is less efficient (£189.3k)
£132.7k - Cardo (scotland) Limited
£189.3k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (44 days)
74 days - Cardo (scotland) Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 75 days, this is slower than average (43 days)
75 days - Cardo (scotland) Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (34 days)
0 days - Cardo (scotland) Limited
34 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3 weeks, this is less cash available to meet short term requirements (13 weeks)
3 weeks - Cardo (scotland) Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12%, this is a lower level of debt than the average (68.9%)
12% - Cardo (scotland) Limited
68.9% - Industry AVG
CARDO (SCOTLAND) LIMITED financials
EXPORT
Cardo (Scotland) Limited's latest turnover from March 2024 is £10.9 million and the company has net assets of £16.2 million. According to their latest financial statements, Cardo (Scotland) Limited has 82 employees and maintains cash reserves of £155.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Turnover
10,878,233
Other Income Or Grants
Cost Of Sales
2,599,860
Gross Profit
8,278,373
Admin Expenses
-4,752,701
-4,888,889
-617,284
Operating Profit
13,031,074
4,888,889
617,284
Interest Payable
9,566
Interest Receivable
56,296
Pre-Tax Profit
13,077,804
4,888,889
617,284
Tax
-1,167,893
-928,889
-117,284
Profit After Tax
11,909,911
3,960,000
500,000
Dividends Paid
240,000
Retained Profit
11,669,911
3,960,000
500,000
Employee Costs
3,026,424
Number Of Employees
82
EBITDA*
13,207,445
4,888,889
617,284
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Tangible Assets
719,386
Intangible Assets
Investments & Other
1,000
1,000
Debtors (Due After 1 year)
Total Fixed Assets
719,386
1,000
1,000
Stock & work in progress
2,000
Trade Debtors
2,208,312
Group Debtors
15,264,408
4,460,000
500,000
Misc Debtors
104,156
Cash
155,266
misc current assets
total current assets
17,734,142
4,460,000
500,000
total assets
18,453,528
4,461,000
501,000
Bank overdraft
Bank loan
Trade Creditors
537,321
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
1,518,416
total current liabilities
2,055,737
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
149,369
total long term liabilities
149,369
total liabilities
2,205,106
net assets
16,248,422
4,461,000
501,000
total shareholders funds
16,248,422
4,461,000
501,000
Mar 2024
Mar 2023
Mar 2022
Operating Activities
Operating Profit
13,031,074
4,888,889
617,284
Depreciation
176,371
Amortisation
Tax
-1,167,893
-928,889
-117,284
Stock
2,000
Debtors
13,116,876
3,960,000
500,000
Creditors
537,321
Accruals and Deferred Income
1,518,416
Deferred Taxes & Provisions
149,369
Cash flow from operations
1,125,782
Investing Activities
capital expenditure
Change in Investments
-1,000
1,000
cash flow from investments
1,000
-1,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
117,511
1,000
interest
46,730
cash flow from financing
164,241
1,000
cash and cash equivalents
cash
155,266
overdraft
change in cash
155,266
cardo (scotland) limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for cardo (scotland) limited. Get real-time insights into cardo (scotland) limited's credit score, group structure and payment trends.
Perform a competitor analysis for cardo (scotland) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in AB55 area or any other competitors across 12 key performance metrics.
cardo (scotland) limited Ownership
CARDO (SCOTLAND) LIMITED group structure
Cardo (Scotland) Limited has no subsidiary companies.
Ultimate parent company
CARDO (SCOTLAND) LIMITED
SC713202
CARDO (SCOTLAND) LIMITED Shareholders
The largest shareholders in Cardo (Scotland) Limited include Darren Mcleod and Calum Mccombie.
darren mcleod
30%
calum mccombie
30%
nicola mccombie
20%
hazel mcleod
20%
cardo (scotland) limited directors
Cardo (Scotland) Limited currently has 5 directors.
The longest serving directors include
Mr Calum McCombie (Oct 2021) and
Mr Darren McLeod (Oct 2021).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024
net assets
16.2m
+2.64%
total assets
18.5m
+3.14%
cash
155.3k
0%
net assets
Total assets minus all liabilities
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cardo (scotland) limited company details
company number
SC713202
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
October 2021
age
4
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
March 2024
previous names
heatcare oil & gas holdings limited (April 2025)
accountant
-
auditor
XEINADIN AUDIT LIMITED
address
mansfield house, land street, keith, AB55 5AW
Bank
-
Legal Advisor
-
cardo (scotland) 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 2 charges/mortgages relating to cardo (scotland) limited. Currently there are 2 open charges and 0 have been satisfied in the past.
cardo (scotland) 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.
Click to start generating capital raising & share issue transactions for CARDO (SCOTLAND) LIMITED. This can take several minutes, an email will notify you when this has completed.
cardo (scotland) limitedCompanies House Filings - See Documents
