The financial worth of Haven Leisure Limited, the company behind Haven holidays, was over £231 million in 2021. This figure represents the company's net worth, a key indicator of its overall financial health and value.
Understanding Company Worth
When discussing the "worth" of a company like Haven Leisure Limited, it typically refers to its net worth. Net worth is calculated by subtracting a company's total liabilities from its total assets. It provides a snapshot of the business's financial standing at a specific point in time, reflecting the value of the company's ownership.
Haven Leisure Limited's Financial Overview
Based on recent financial data, here’s a breakdown of Haven Leisure Limited's key financial indicators:
| Category | 2019 | 2021 |
|---|---|---|
| Net Worth | £202,839,000.00 | £231,156,000.00 |
| Cash | £115,548,000.00 | £176,213,000.00 |
| Total Current Assets | £198,695,000.00 | £273,434,000.00 |
| Total Current Liabilities | £565,444,000.00 | £584,783,000.00 |
As shown, the company's net worth increased from approximately £202.8 million in 2019 to £231.1 million in 2021, indicating a growth in its financial value over this period. This growth is also reflected in increased cash reserves and total current assets.
Factors Contributing to Worth
A company's worth is influenced by various factors, including:
- Asset Value: The value of all properties, equipment, cash, and other holdings. For Haven, this includes their holiday parks, accommodations, and facilities.
- Profitability: Consistent generation of profits contributes to retained earnings and increases net worth.
- Market Position: A strong brand reputation and significant market share can enhance perceived and actual value.
- Future Prospects: Growth potential, expansion plans, and demand for services also play a role.
Understanding these financial metrics helps to gauge the scale and stability of Haven Leisure Limited as a major player in the UK holiday park sector.
