harwoods limited

harwoods limited Company Information

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Company Number

00368849

Industry

Sale of new cars and light motor vehicles

 

Maintenance and repair of motor vehicles

 

Directors

Guy Harwood

Amanda Perrett

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Shareholders

wjh holdings limited

Group Structure

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Contact

Registered Address

harwoods group, unit a1/a2, the rock business pa, pulborough, west sussex, RH20 3GR

harwoods limited Estimated Valuation

£313.2m

Pomanda estimates the enterprise value of HARWOODS LIMITED at £313.2m based on a Turnover of £636.3m and 0.49x industry multiple (adjusted for size and gross margin).

harwoods limited Estimated Valuation

£80.9m

Pomanda estimates the enterprise value of HARWOODS LIMITED at £80.9m based on an EBITDA of £12.6m and a 6.4x industry multiple (adjusted for size and gross margin).

harwoods limited Estimated Valuation

£229.8m

Pomanda estimates the enterprise value of HARWOODS LIMITED at £229.8m based on Net Assets of £75m and 3.06x industry multiple (adjusted for liquidity).

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Harwoods Limited Overview

Harwoods Limited is a live company located in pulborough, RH20 3GR with a Companies House number of 00368849. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in August 1941, it's largest shareholder is wjh holdings limited with a 100% stake. Harwoods Limited is a mature, mega sized company, Pomanda has estimated its turnover at £636.3m with healthy growth in recent years.

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Harwoods Limited Health Check

Pomanda's financial health check has awarded Harwoods 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 Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £636.3m, make it larger than the average company (£26.8m)

£636.3m - Harwoods Limited

£26.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3.3%)

6% - Harwoods Limited

3.3% - Industry AVG

production

Production

with a gross margin of 12.3%, this company has a higher cost of product (22.7%)

12.3% - Harwoods Limited

22.7% - Industry AVG

profitability

Profitability

an operating margin of 1.3% make it less profitable than the average company (4%)

1.3% - Harwoods Limited

4% - Industry AVG

employees

Employees

with 1029 employees, this is above the industry average (48)

1029 - Harwoods Limited

48 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.5k, the company has a higher pay structure (£31.7k)

£40.5k - Harwoods Limited

£31.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £618.4k, this is more efficient (£343.1k)

£618.4k - Harwoods Limited

£343.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 7 days, this is earlier than average (23 days)

7 days - Harwoods Limited

23 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 35 days, this is close to average (34 days)

35 days - Harwoods Limited

34 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 71 days, this is more than average (38 days)

71 days - Harwoods Limited

38 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)

0 weeks - Harwoods Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 66.3%, this is a similar level of debt than the average (69.4%)

66.3% - Harwoods Limited

69.4% - Industry AVG

HARWOODS LIMITED financials

EXPORTms excel logo

Harwoods Limited's latest turnover from December 2022 is £636.3 million and the company has net assets of £75 million. According to their latest financial statements, Harwoods Limited has 1,029 employees and maintains cash reserves of £170.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover636,303,285580,907,840494,349,828541,194,476635,921,275619,736,598612,609,566553,246,813474,625,620410,163,452340,897,465270,814,222264,409,616216,018,347
Other Income Or Grants00000000000000
Cost Of Sales558,097,962505,688,977437,894,988476,867,410569,752,669554,735,196546,905,509491,826,092424,905,463366,274,923303,548,510236,504,011229,822,253180,414,257
Gross Profit78,205,32375,218,86356,454,84064,327,06666,168,60665,001,40265,704,05761,420,72149,720,15743,888,52937,348,95534,310,21134,587,36335,604,090
Admin Expenses70,136,64464,083,35651,785,53458,639,20455,548,28956,225,85746,569,93745,440,83536,612,82934,859,34832,478,52529,171,51228,081,09730,544,582
Operating Profit8,068,67911,135,5074,669,3065,687,86210,620,3178,775,54519,134,12015,979,88613,107,3289,029,1814,870,4305,138,6996,506,2665,059,508
Interest Payable2,723,4002,038,5672,099,7832,050,9501,987,2992,010,7851,932,0241,813,4751,581,8831,182,8431,117,764901,333852,041723,067
Interest Receivable00000000004,37529,62327,8260
Pre-Tax Profit7,845,2799,096,9402,569,5233,636,9128,633,0186,764,76017,202,09614,166,41111,525,4457,846,3383,757,0414,266,9895,682,0514,336,441
Tax-753,913-3,118,507-796,946-984,592-1,672,749-1,180,402-3,776,740-3,248,423-2,706,132-2,140,984-1,271,835-1,390,525-1,811,510-1,518,451
Profit After Tax7,091,3665,978,4331,772,5772,652,3206,960,2695,584,35813,425,35610,917,9888,819,3135,705,3542,485,2062,876,4643,870,5412,817,990
Dividends Paid3,750,000001,766,00503,971,923001,309,886575,020632,457811,8591,007,7321,108,000
Retained Profit3,341,3665,978,4331,772,577886,3156,960,2691,612,43513,425,35610,917,9887,509,4275,130,3341,852,7492,064,6052,862,8091,709,990
Employee Costs41,704,08636,600,05235,746,47635,987,54335,855,36735,408,84334,231,36233,520,47429,723,24627,652,83924,841,81622,429,28621,624,58419,641,553
Number Of Employees1,0299689831,012899869864867812776693670666632
EBITDA*12,628,60715,587,3038,430,2859,213,85114,349,43911,675,87622,394,48818,950,08315,227,10511,282,8467,129,6406,891,5138,123,3746,657,125

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets83,273,30982,559,02082,077,27575,992,20963,179,74856,831,29547,058,60330,212,24128,279,29924,672,10823,250,96421,053,01817,653,77917,870,582
Intangible Assets2,722,8523,505,9274,295,3535,084,7405,524,1756,278,5677,076,764184,216459,872974,5741,566,9501,619,6671,495,8471,856,373
Investments & Other2,387,9502,387,9503,082,6743,082,6744,427,8502,220,9711,788,85315,195,7329,706,71900000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets88,384,11188,452,89789,455,30284,159,62373,131,77365,330,83355,924,22045,592,18938,445,89025,646,68224,817,91422,672,68519,149,62619,726,955
Stock & work in progress109,545,18396,611,08582,030,37394,647,58777,439,14592,900,26081,650,41085,153,72065,348,09051,339,49743,002,56739,009,66328,771,99625,091,030
Trade Debtors13,864,26911,226,93214,185,62312,306,30912,006,87210,640,71113,693,94813,601,27910,163,0336,816,8745,884,5345,789,2827,180,3797,025,364
Group Debtors660,750150,011000000000000
Misc Debtors9,665,5949,035,4718,391,30210,884,1839,549,02811,039,66410,461,8637,862,5206,908,7605,246,5584,960,5023,722,6293,071,3693,039,760
Cash170,6797,728,1364,299,009796,5423,302,77014,185,33022,254,26010,229,9224,727,3226,452,697784,8334,490,1614,877,4332,360,594
misc current assets00000000000000
total current assets133,906,475124,751,635108,906,307118,634,621102,297,815128,765,965128,060,481116,847,44187,147,20569,855,62654,632,43653,011,73543,901,17737,516,748
total assets222,290,586213,204,532198,361,609202,794,244175,429,588194,096,798183,984,701162,439,630125,593,09595,502,30879,450,35075,684,42063,050,80357,243,703
Bank overdraft7,018,51800602,887000000129,9821,083,996840,000840,000
Bank loan0025,000,00000001,996,0001,996,0001,146,0001,146,000000
Trade Creditors 54,011,91552,235,47147,743,69064,771,74553,912,43873,777,62762,124,18257,472,95242,119,23835,857,27925,021,43125,855,56918,564,30314,266,079
Group/Directors Accounts3,915,8411,611,7101,416,3051,966,8092502502500000000
other short term finances60,105,59352,124,53446,061,30244,804,33536,502,30234,905,68237,037,88227,092,24823,299,87617,327,55414,516,69710,955,65210,166,0149,564,799
hp & lease commitments00000000000000
other current liabilities9,757,25210,293,3256,140,9185,758,7345,877,5507,421,6217,731,33520,562,67712,223,6448,561,0659,978,16410,349,0398,747,5989,862,746
total current liabilities134,809,119116,265,040126,362,215117,904,51096,292,540116,105,180106,893,649107,123,87779,638,75862,891,89850,792,27448,244,25638,317,91534,533,624
loans7,000,00020,000,000015,000,00010,000,00015,000,00015,000,00011,516,33413,544,3347,709,8348,887,8349,522,6718,880,0009,720,000
hp & lease commitments00000000000000
Accruals and Deferred Income0000499,9321,999,7302,753,5620000000
other liabilities00000000000000
provisions5,492,4865,291,8774,014,4513,677,3683,311,0652,626,1062,584,143471,428000000
total long term liabilities12,492,48625,291,8774,014,45118,677,36813,810,99719,625,83620,337,70511,987,76213,544,3347,709,8348,887,8349,522,6718,880,0009,720,000
total liabilities147,301,605141,556,917130,376,666136,581,878110,103,537135,731,016127,231,354119,111,63993,183,09270,601,73259,680,10857,766,92747,197,91544,253,624
net assets74,988,98171,647,61567,984,94366,212,36665,326,05158,365,78256,753,34743,327,99132,410,00324,900,57619,770,24217,917,49315,852,88812,990,079
total shareholders funds74,988,98171,647,61567,984,94366,212,36665,326,05158,365,78256,753,34743,327,99132,410,00324,900,57619,770,24217,917,49315,852,88812,990,079
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit8,068,67911,135,5074,669,3065,687,86210,620,3178,775,54519,134,12015,979,88613,107,3289,029,1814,870,4305,138,6996,506,2665,059,508
Depreciation3,776,8533,662,3702,971,5922,736,6022,649,6582,102,1342,608,9982,694,5411,605,0751,661,2891,677,0161,355,7341,256,5821,237,091
Amortisation783,075789,426789,387789,3871,079,464798,197651,370275,656514,702592,376582,194397,080360,526360,526
Tax-753,913-3,118,507-796,946-984,592-1,672,749-1,180,402-3,776,740-3,248,423-2,706,132-2,140,984-1,271,835-1,390,525-1,811,510-1,518,451
Stock12,934,09814,580,712-12,617,21417,208,442-15,461,11511,249,850-3,503,31019,805,63014,008,5938,336,9303,992,90410,237,6673,680,96625,091,030
Debtors3,778,199-2,164,511-613,5671,634,592-124,475-2,475,4362,692,0124,392,0065,008,3611,218,3961,333,125-739,837186,62410,065,124
Creditors1,776,4444,491,781-17,028,05510,859,307-19,865,18911,653,4454,651,23015,353,7146,261,95910,835,848-834,1387,291,2664,298,22414,266,079
Accruals and Deferred Income-536,0734,152,407382,184-618,748-3,043,869-1,063,546-10,077,7808,339,0333,662,579-1,417,099-370,8751,601,441-1,115,1489,862,746
Deferred Taxes & Provisions200,6091,277,426337,083366,303684,95941,9632,112,715471,428000000
Cash flow from operations-3,396,6239,974,2094,555,332-6,9136,038,18112,352,92216,115,21115,668,1993,428,5579,005,285-673,2374,895,8655,627,350-5,888,655
Investing Activities
capital expenditure-4,491,142-4,144,115-9,056,658-15,899,015-9,323,183-11,874,826-26,999,278-4,627,483-14,918,985-3,082,433-2,958,675-1,953,278-1,039,779-805,142
Change in Investments0-694,7240-1,345,1762,206,879432,118-13,406,8795,489,0139,706,71900000
cash flow from investments-4,491,142-3,449,391-9,056,658-14,553,839-11,530,062-12,306,944-13,592,399-10,116,496-24,625,704-3,082,433-2,958,675-1,953,278-1,039,779-805,142
Financing Activities
Bank loans0-25,000,00025,000,000000-1,996,0000850,00001,146,000000
Group/Directors Accounts2,304,131195,405-550,5041,966,559002500000000
Other Short Term Loans 7,981,0596,063,2321,256,9678,302,0331,596,620-2,132,2009,945,6343,792,3725,972,3222,810,8573,561,045789,638601,2159,564,799
Long term loans-13,000,00020,000,000-15,000,0005,000,000-5,000,00003,483,666-2,028,0005,834,500-1,178,000-634,837642,671-840,0009,720,000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue0-2,315,7610000000000011,280,089
interest-2,723,400-2,038,567-2,099,783-2,050,950-1,987,299-2,010,785-1,932,024-1,813,475-1,581,883-1,182,843-1,113,389-871,710-824,215-723,067
cash flow from financing-5,438,210-3,095,6918,606,68013,217,642-5,390,679-4,142,9859,501,526-49,10311,074,939450,0142,958,819560,599-1,063,00029,841,821
cash and cash equivalents
cash-7,557,4573,429,1273,502,467-2,506,228-10,882,560-8,068,93012,024,3385,502,600-1,725,3755,667,864-3,705,328-387,2722,516,8392,360,594
overdraft7,018,5180-602,887602,88700000-129,982-954,014243,9960840,000
change in cash-14,575,9753,429,1274,105,354-3,109,115-10,882,560-8,068,93012,024,3385,502,600-1,725,3755,797,846-2,751,314-631,2682,516,8391,520,594

harwoods limited 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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Harwoods Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for harwoods limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in RH20 area or any other competitors across 12 key performance metrics.

harwoods limited Ownership

HARWOODS LIMITED group structure

Harwoods Limited has 3 subsidiary companies.

HARWOODS LIMITED Shareholders

wjh holdings limited 100%

harwoods limited directors

Harwoods Limited currently has 6 directors. The longest serving directors include Mr Guy Harwood (Jul 1992) and Mrs Amanda Perrett (Sep 2005).

officercountryagestartendrole
Mr Guy HarwoodEngland85 years Jul 1992- Director
Mrs Amanda PerrettEngland54 years Sep 2005- Director
Mr Archie HarwoodEngland34 years Jun 2012- Director
Mr Guy RowsonEngland57 years Oct 2019- Director
Mr William FallUnited Kingdom67 years Jan 2023- Director
Mr Mark SquiresUnited Kingdom60 years Jan 2023- Director

P&L

December 2022

turnover

636.3m

+10%

operating profit

8.1m

-28%

gross margin

12.3%

-5.08%

turnover

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

Balance Sheet

December 2022

net assets

75m

+0.05%

total assets

222.3m

+0.04%

cash

170.7k

-0.98%

net assets

Total assets minus all liabilities

harwoods limited company details

company number

00368849

Type

Private limited with Share Capital

industry

45111 - Sale of new cars and light motor vehicles

45200 - Maintenance and repair of motor vehicles

incorporation date

August 1941

age

83

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2022

previous names

harwoods garage (pulborough) limited (August 1997)

accountant

-

auditor

BDO LLP

address

harwoods group, unit a1/a2, the rock business pa, pulborough, west sussex, RH20 3GR

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

harwoods 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 49 charges/mortgages relating to harwoods limited. Currently there are 2 open charges and 47 have been satisfied in the past.

harwoods 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 HARWOODS LIMITED. This can take several minutes, an email will notify you when this has completed.

harwoods limited Companies House Filings - See Documents

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