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Henderson foodservice ltd
Registration Number
NI006894Incorporation Date
08/03/1967Last Annual Return
Not availableAddress
1 Hightown Avenue, Ballywonard, Newtownabbey, County Antrim. BT36 4RT
Website
www.henderson-group.comAudit Fees
£43,000Secretary
Mr Neil Gamble
Directors
Active
Ms Kiera Deirdre Martha Campbell (51 yrs)
Active
Mr Cathal Geoghegan (56 yrs)
Active
Mr Philip Mehaffey (65 yrs)
Active
Mr William Moore (49 yrs)
Active
Mr Neil Gamble (43 yrs)
Active
Mr Daniel Hutchinson (60 yrs)
Active
Mr Ciaran Mollahan (49 yrs)
Active
Ms Katherine Allison Simpson (51 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 134125 | 189696 | 227273 | 251895 | 284642 |
| Directors Fees | 738 | 906 | 1337 | 1213 | 1456 |
| Gross Profits | 32097 | 41587 | 49860 | 54277 | 61333 |
| Value Added | 21587 | 27025 | 33984 | 36619 | 42647 |
| Trading Profit | 5836 | 8559 | 13711 | 14212 | 19607 |
| Depreciation | 2377 | 2737 | 3159 | 3679 | |
| Non-Trading Income | 0 | 0 | 9 | -127 | 0 |
| Total Interest Charges | 160 | 82 | 96 | 100 | 120 |
| Pre-tax Profit | 3299 | 5740 | 10465 | 10306 | 15072 |
| Retained Profit (Shareholders Funds) | 2661 | 4486 | 8092 | 7692 | 6184 |
| Fixed Assets | 10481 | 10746 | 11403 | 13301 | 15961 |
| Intangibles | 1454 | 0 | 0 | 2233 | 2680 |
| Intermediate Assets | 5703 | 5703 | 5703 | 93 | 112 |
| Stocks | 11661 | 15954 | 16295 | 19398 | 21920 |
| Debtors | 11168 | 14235 | 13419 | 15952 | 18026 |
| Cash or Equivalent | 13342 | 19709 | 27841 | 29052 | 35499 |
| Total Current Assets | 36171 | 49898 | 57555 | 64402 | 75445 |
| Creditors | 14792 | 17467 | 13947 | 17828 | 23168 |
| Short Term Borrowing | 12897 | 13078 | 6590 | 1098 | 0 |
| Other Current Liabilities | 9532 | 13541 | 23619 | 22912 | 27494 |
| Total Current Liabilities | 37221 | 44086 | 44156 | 41838 | 50662 |
| Net Current Assets | -1050 | 5812 | 13399 | 22564 | 24783 |
| Shareholders Funds | 14741 | 19227 | 27319 | 35011 | 41195 |
| Total Loan Capital | 1297 | 2112 | 1826 | 1230 | 0 |
| Other Capital Employed | 549 | 921 | 1360 | 1951 | 2341 |
| Total Capital Employed | 16587 | 22260 | 30505 | 38192 | 43536 |
| Pretax Profit Margin % | 2.46 | 3.03 | 4.6 | 4.09 | 5.3 |
| Sales Growth % | 29 | 41 | 20 | 11 | 13 |
| Pretax Profit Growth % | 165 | 74 | 82 | -2 | 46.00 |
| Debtor Ratio Days | 30 | 27 | 21 | 23 | 23.0513825204947 |
| Creditor Ratio Days | 40 | 34 | 22 | 26 | 29.6266333194386 |
| Stock Turnover | 12 | 12 | 14 | 13 | 12.9856170739251 |
| Sales £000 / Employee | 355 | 456 | 512 | 548 | 602.357608695653 |
| Value Added £000/Empl. | 57 | 65 | 77 | 80 | 90.1627906976744 |
| Av. Remun. £000 / Empl. | 42 | 44 | 46 | 49 | 48.7108695652174 |
| Total Empl. Remu. £000 | 15751 | 18466 | 20273 | 22407 | 23040.2413043478 |
| Employees | 378 | 416 | 444 | 460 | 473 |
| Pretax Profit/Total Assets % | 6 | 9 | 14 | 13 | 16 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
- Total Sales have increased by 10.8% in the latest year, well above the industry average of 3.8%.
- Sales per Employee is £548,000 which is well above the industry average of £233,000.
- The average salary is £49,000 which is well above the industry average of £39,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 4.1% in the latest year, well above the industry average of 2.6%.
- Formal debt of the company has decreased by £6.1m, a fall of 72%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year.
- The company is among the Top 11 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 43 Leaders in Efficiency.
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 29 in terms of Pretax Profit Return on Owners Funds.
Company Summary
The company currently has £252m sales and made £10.3m, by following the proposal plan, sales would rise to £285m and profits would rise to £15.1m.
Key Attractiveness Features
- ADD £252m TO SALES
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 134125 | 189696 | 227273 | 251895 | 284642 |
| Pre-tax Profit (£000) | 3299 | 5740 | 10465 | 10306 | 15072 |
| Total Value (£000) | 61452 | 80278 | 106265 | 109707 | 141939 |
| Asset Value (£000) | 40467 | 46638 | 46820 | 50977 | 58699 |
| Goodwill (£000) | 20985 | 33640 | 59445 | 58730 | 83240 |
| Liabilities (£000) | -25725 | -27410 | -19501 | -15967 | -17504 |
| Equity Value (£000) | 35727 | 52868 | 86764 | 93740 | 124435 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
JOHN HENDERSON (HOLDINGS) LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
BD BUTLER FOODS LTD
THE COUNTRY RANGE GROUP LTD
Acquisition / Valuation Comments
This company has been established 59 years.
The number of shareholders is low (1).
1 director is over 60 years of age.
The value of the company has risen in each of the last 2 years.
The total value of the company is currently £109.7m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
The proposed year is based on achieving a 16% return on total assets.
The company's value would increase by 29% if the proposed business plan was followed.
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