hour construction ltd

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hour construction ltd Company Information

Share HOUR CONSTRUCTION LTD

Company Number

00193225

Shareholders

abraham grunhut

Group Structure

View All

Industry

Activities of head offices

 

Registered Address

9 manor parade manor road, london, N16 5SG

Website

-

hour construction ltd Estimated Valuation

£824

Pomanda estimates the enterprise value of HOUR CONSTRUCTION LTD at £824 based on a Turnover of £1.7k and 0.5x industry multiple (adjusted for size and gross margin).

hour construction ltd Estimated Valuation

£89.2k

Pomanda estimates the enterprise value of HOUR CONSTRUCTION LTD at £89.2k based on an EBITDA of £23.3k and a 3.82x industry multiple (adjusted for size and gross margin).

hour construction ltd Estimated Valuation

£108.9k

Pomanda estimates the enterprise value of HOUR CONSTRUCTION LTD at £108.9k based on Net Assets of £50.8k and 2.14x industry multiple (adjusted for liquidity).

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Hour Construction Ltd Overview

Hour Construction Ltd is a live company located in london, N16 5SG with a Companies House number of 00193225. It operates in the activities of head offices sector, SIC Code 70100. Founded in October 1923, it's largest shareholder is abraham grunhut with a 100% stake. Hour Construction Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £1.7k with unknown growth in recent years.

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Hour Construction Ltd Health Check

Pomanda's financial health check has awarded Hour Construction Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £1.7k, make it smaller than the average company (£19.8m)

£1.7k - Hour Construction Ltd

£19.8m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Hour Construction Ltd

- - Industry AVG

production

Production

with a gross margin of 33.1%, this company has a comparable cost of product (33.1%)

33.1% - Hour Construction Ltd

33.1% - Industry AVG

profitability

Profitability

an operating margin of 1406.6% make it more profitable than the average company (5.8%)

1406.6% - Hour Construction Ltd

5.8% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (110)

1 - Hour Construction Ltd

110 - Industry AVG

paystructure

Pay Structure

on an average salary of £47.4k, the company has an equivalent pay structure (£47.4k)

£47.4k - Hour Construction Ltd

£47.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.7k, this is less efficient (£196.9k)

£1.7k - Hour Construction Ltd

£196.9k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Hour Construction Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 98 days, this is slower than average (43 days)

98 days - Hour Construction Ltd

43 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Hour Construction Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)

0 weeks - Hour Construction Ltd

16 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 96.6%, this is a higher level of debt than the average (55.9%)

96.6% - Hour Construction Ltd

55.9% - Industry AVG

HOUR CONSTRUCTION LTD financials

EXPORTms excel logo

Hour Construction Ltd's latest turnover from September 2023 is estimated at £1.7 thousand and the company has net assets of £50.8 thousand. According to their latest financial statements, we estimate that Hour Construction Ltd has 1 employee and maintains cash reserves of £218 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover1,6571,585,00533,0691,590,273
Other Income Or Grants
Cost Of Sales1,1101,071,77022,4461,076,553
Gross Profit548513,23510,623513,720
Admin Expenses-22,765-40,580-23,83111,275-15,316504,0165,5121,196,144
Operating Profit23,31340,58023,831-11,27515,3169,2195,111-682,424
Interest Payable64,97947,96833,06815,103
Interest Receivable802937371152
Pre-Tax Profit-40,864-6,451-9,200-26,36715,3219,2215,111-682,424
Tax-2,911-1,752-971
Profit After Tax-40,864-6,451-9,200-26,36712,4107,4694,140-682,424
Dividends Paid
Retained Profit-40,864-6,451-9,200-26,36712,4107,4694,140-682,424
Employee Costs47,414399,84738,782401,297
Number Of Employees110111
EBITDA*23,34540,72523,979-11,18615,4209,2195,111-682,424

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets18121335850659547940,00040,000
Intangible Assets
Investments & Other1,000,4051,000,4051,000,4051,000,4051,000,4051,000,000
Debtors (Due After 1 year)
Total Fixed Assets1,000,5861,000,6181,000,7631,000,9111,001,0001,000,47940,00040,000
Stock & work in progress
Trade Debtors5,0004,5005,000
Group Debtors121,000121,000121,000121,000
Misc Debtors372,355339,755345,971345,97117,6165,000
Cash21830,31852,97020,846710497
misc current assets
total current assets493,573491,073519,941487,81718,3265,4979,5005,000
total assets1,494,1591,491,6911,520,7041,488,7281,019,3261,005,97649,50045,000
Bank overdraft
Bank loan548,821531,347539,003495,188
Trade Creditors 298707,693718,326
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities683,824648,264655,673708,312707,731718,686
total current liabilities1,232,9431,179,6111,194,6761,203,500707,731707,693718,686718,326
loans32,50342,50350,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions177,893177,893177,893177,893159,168
total long term liabilities210,396220,396227,893177,893159,168
total liabilities1,443,3391,400,0071,422,5691,381,393866,899707,693718,686718,326
net assets50,82091,68498,135107,335152,427298,283-669,186-673,326
total shareholders funds50,82091,68498,135107,335152,427298,283-669,186-673,326
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit23,31340,58023,831-11,27515,3169,2195,111-682,424
Depreciation3214514889104
Amortisation
Tax-2,911-1,752-971
Stock
Debtors32,600-6,216449,35512,616-4,5004,5005,000
Creditors298-707,693707,693-718,326718,326
Accruals and Deferred Income35,560-7,409-52,639581707,731-718,686718,686
Deferred Taxes & Provisions18,725159,168
Cash flow from operations26,60339,532-28,660-441,235159,09997430,902
Investing Activities
capital expenditure-22039,521-40,000
Change in Investments4051,000,000
cash flow from investments-625-960,479-40,000
Financing Activities
Bank loans17,474-7,65643,815495,188
Group/Directors Accounts
Other Short Term Loans
Long term loans-10,000-7,49750,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue-18,725-158,266960,0009,098
interest-64,177-47,031-33,031-15,09252
cash flow from financing-56,703-62,18460,784461,371-158,261960,0029,098
cash and cash equivalents
cash-30,100-22,65232,12420,136213497
overdraft
change in cash-30,100-22,65232,12420,136213497

hour construction ltd 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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Hour Construction Ltd Competitor Analysis

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Perform a competitor analysis for hour construction ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in N16 area or any other competitors across 12 key performance metrics.

hour construction ltd Ownership

HOUR CONSTRUCTION LTD Shareholders

abraham grunhut 100%

hour construction ltd directors

Hour Construction Ltd currently has 1 director, Mr Abraham Grunhut serving since Apr 2015.

officercountryagestartendrole
Mr Abraham GrunhutEngland50 years Apr 2015- Director

P&L

September 2023

turnover

1.7k

0%

operating profit

23.3k

0%

gross margin

33.1%

0%

turnover

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

Balance Sheet

September 2023

net assets

50.8k

-0.45%

total assets

1.5m

0%

cash

218

-0.99%

net assets

Total assets minus all liabilities

hour construction ltd company details

company number

00193225

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

October 1923

age

102

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

September 2023

previous names

hour distributing company,limited (February 1997)

accountant

VENITT AND GREAVES

auditor

-

address

9 manor parade manor road, london, N16 5SG

Bank

-

Legal Advisor

-

hour construction ltd 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 8 charges/mortgages relating to hour construction ltd. Currently there are 3 open charges and 5 have been satisfied in the past.

hour construction ltd 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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hour construction ltd Companies House Filings - See Documents

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