industrial hose & pipe fittings limited
industrial hose & pipe fittings limited Company Information
Company Number
00596613
Next Accounts
Jun 2025
Shareholders
millennium coupling company ltd
Group Structure
View All
Industry
Machining
Registered Address
10 - 11 charterhouse square, london, EC1M 6EE
Website
ihp.co.ukindustrial hose & pipe fittings limited Estimated Valuation
Pomanda estimates the enterprise value of INDUSTRIAL HOSE & PIPE FITTINGS LIMITED at £1.3m based on a Turnover of £2.5m and 0.51x industry multiple (adjusted for size and gross margin).
industrial hose & pipe fittings limited Estimated Valuation
Pomanda estimates the enterprise value of INDUSTRIAL HOSE & PIPE FITTINGS LIMITED at £2.2m based on an EBITDA of £544k and a 4.04x industry multiple (adjusted for size and gross margin).
industrial hose & pipe fittings limited Estimated Valuation
Pomanda estimates the enterprise value of INDUSTRIAL HOSE & PIPE FITTINGS LIMITED at £2.5m based on Net Assets of £1.5m and 1.68x industry multiple (adjusted for liquidity).
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Industrial Hose & Pipe Fittings Limited Overview
Industrial Hose & Pipe Fittings Limited is a live company located in london, EC1M 6EE with a Companies House number of 00596613. It operates in the machining sector, SIC Code 25620. Founded in January 1958, it's largest shareholder is millennium coupling company ltd with a 100% stake. Industrial Hose & Pipe Fittings Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.5m with high growth in recent years.
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Industrial Hose & Pipe Fittings Limited Health Check
Pomanda's financial health check has awarded Industrial Hose & Pipe Fittings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £2.5m, make it smaller than the average company (£9.9m)
£2.5m - Industrial Hose & Pipe Fittings Limited
£9.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (3.7%)
- Industrial Hose & Pipe Fittings Limited
3.7% - Industry AVG
Production
with a gross margin of 42.2%, this company has a lower cost of product (27.9%)
42.2% - Industrial Hose & Pipe Fittings Limited
27.9% - Industry AVG
Profitability
an operating margin of 20.6% make it more profitable than the average company (6.2%)
20.6% - Industrial Hose & Pipe Fittings Limited
6.2% - Industry AVG
Employees
with 9 employees, this is below the industry average (78)
9 - Industrial Hose & Pipe Fittings Limited
78 - Industry AVG
Pay Structure
on an average salary of £44k, the company has an equivalent pay structure (£44k)
- Industrial Hose & Pipe Fittings Limited
£44k - Industry AVG
Efficiency
resulting in sales per employee of £275.9k, this is more efficient (£139.1k)
£275.9k - Industrial Hose & Pipe Fittings Limited
£139.1k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is earlier than average (65 days)
43 days - Industrial Hose & Pipe Fittings Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is quicker than average (49 days)
38 days - Industrial Hose & Pipe Fittings Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 149 days, this is more than average (69 days)
149 days - Industrial Hose & Pipe Fittings Limited
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is more cash available to meet short term requirements (11 weeks)
21 weeks - Industrial Hose & Pipe Fittings Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.9%, this is a lower level of debt than the average (46.8%)
28.9% - Industrial Hose & Pipe Fittings Limited
46.8% - Industry AVG
INDUSTRIAL HOSE & PIPE FITTINGS LIMITED financials
Industrial Hose & Pipe Fittings Limited's latest turnover from September 2023 is £2.5 million and the company has net assets of £1.5 million. According to their latest financial statements, Industrial Hose & Pipe Fittings Limited has 9 employees and maintains cash reserves of £221 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,483,000 | 1,827,000 | 2,092,000 | 2,380,425 | 1,944,615 | ||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 1,436,000 | 1,083,000 | 1,180,000 | 1,505,028 | 1,138,044 | ||||||||||
| Gross Profit | 1,047,000 | 744,000 | 912,000 | 875,397 | 806,571 | ||||||||||
| Admin Expenses | 536,000 | 537,000 | 692,000 | 510,503 | 634,232 | ||||||||||
| Operating Profit | 511,000 | 207,000 | 220,000 | 364,894 | 172,339 | ||||||||||
| Interest Payable | 5,000 | 3,000 | 5,000 | ||||||||||||
| Interest Receivable | 1,567 | 1,374 | |||||||||||||
| Pre-Tax Profit | 506,000 | 204,000 | 215,000 | 366,461 | 173,713 | ||||||||||
| Tax | -173,000 | -17,000 | -10,000 | -23,142 | -36,986 | ||||||||||
| Profit After Tax | 333,000 | 187,000 | 205,000 | 343,319 | 136,727 | ||||||||||
| Dividends Paid | 635,000 | ||||||||||||||
| Retained Profit | 333,000 | 187,000 | 205,000 | -291,681 | 136,727 | ||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 9 | 9 | 9 | 11 | 11 | 12 | 14 | 12 | 12 | ||||||
| EBITDA* | 544,000 | 228,000 | 28,564,000 | 381,803 | 186,889 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 173,000 | 157,000 | 178,000 | 201,137 | 237,936 | 280,587 | 148,019 | 175,692 | 169,343 | 161,701 | 150,304 | 40,723 | 38,055 | 20,551 | 29,330 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 173,000 | 157,000 | 178,000 | 201,137 | 237,936 | 280,587 | 148,019 | 175,692 | 169,343 | 161,701 | 150,304 | 40,723 | 38,055 | 20,551 | 29,330 |
| Stock & work in progress | 588,000 | 660,000 | 738,000 | 558,103 | 543,170 | 595,000 | 450,443 | 358,988 | 365,351 | 297,159 | 379,358 | 276,848 | 223,413 | 169,010 | 187,812 |
| Trade Debtors | 294,000 | 409,000 | 283,000 | 283,116 | 300,825 | 321,044 | 318,258 | 275,670 | 258,602 | 336,562 | 388,797 | 429,173 | 347,024 | 381,045 | 221,021 |
| Group Debtors | 753,000 | 502,000 | 477,000 | 306,884 | 392,580 | 347,159 | 282,991 | ||||||||
| Misc Debtors | 20,000 | 17,000 | 95,000 | 106,217 | 212,614 | 71,639 | 15,763 | 7,019 | 6,329 | 21,140 | |||||
| Cash | 221,000 | 151,000 | 23,952 | 3,673 | 4,201 | 5,853 | 215,505 | 259,866 | 582,720 | 294,500 | 193,597 | 201,762 | 200,342 | 233,768 | |
| misc current assets | |||||||||||||||
| total current assets | 1,876,000 | 1,739,000 | 1,593,000 | 1,278,272 | 1,452,862 | 1,339,043 | 1,073,308 | 857,182 | 890,148 | 1,237,581 | 1,062,655 | 899,618 | 772,199 | 750,397 | 642,601 |
| total assets | 2,049,000 | 1,896,000 | 1,771,000 | 1,479,409 | 1,690,798 | 1,619,630 | 1,221,327 | 1,032,874 | 1,059,491 | 1,399,282 | 1,212,959 | 940,341 | 810,254 | 770,948 | 671,931 |
| Bank overdraft | 72,000 | 46,841 | 180,181 | 197,596 | 151,201 | ||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 150,000 | 251,000 | 331,000 | 161,773 | 181,970 | 277,384 | 191,941 | 96,521 | 98,166 | 95,575 | 253,321 | 228,305 | 187,596 | 186,304 | 124,194 |
| Group/Directors Accounts | 198,000 | 305,000 | 300,000 | 150,000 | 240,696 | 61,000 | 160,000 | ||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 5,000 | 27,000 | 29,000 | ||||||||||||
| other current liabilities | 191,000 | 188,000 | 78,000 | 185,623 | 176,052 | 174,031 | 98,422 | 122,401 | 156,641 | 207,342 | |||||
| total current liabilities | 544,000 | 771,000 | 810,000 | 544,237 | 778,899 | 710,011 | 441,564 | 378,922 | 254,807 | 302,917 | 253,321 | 228,305 | 187,596 | 186,304 | 124,194 |
| loans | |||||||||||||||
| hp & lease commitments | 17,000 | ||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 19,000 | 48,600 | 65,610 | 94,770 | |||||||||||
| provisions | 32,000 | 2,000 | 6,000 | 6,586 | 8,585 | 13,734 | 388 | 9,888 | |||||||
| total long term liabilities | 49,000 | 2,000 | 25,000 | 55,186 | 74,195 | 108,504 | 388 | 9,888 | |||||||
| total liabilities | 593,000 | 773,000 | 835,000 | 599,423 | 853,094 | 818,515 | 441,952 | 388,810 | 254,807 | 302,917 | 253,321 | 228,305 | 187,596 | 186,304 | 124,194 |
| net assets | 1,456,000 | 1,123,000 | 936,000 | 879,986 | 837,704 | 801,115 | 779,375 | 644,064 | 804,684 | 1,096,365 | 959,638 | 712,036 | 622,658 | 584,644 | 547,737 |
| total shareholders funds | 1,456,000 | 1,123,000 | 936,000 | 879,986 | 837,704 | 801,115 | 779,375 | 644,064 | 804,684 | 1,096,365 | 959,638 | 712,036 | 622,658 | 584,644 | 547,737 |
| Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 511,000 | 207,000 | 220,000 | 364,894 | 172,339 | ||||||||||
| Depreciation | 33,000 | 21,000 | 28,344,000 | 36,799 | 42,651 | 38,010 | 34,022 | 17,452 | 16,909 | 14,550 | 11,762 | 9,732 | 9,902 | 8,779 | 11,055 |
| Amortisation | |||||||||||||||
| Tax | -173,000 | -17,000 | -10,000 | -23,142 | -36,986 | ||||||||||
| Stock | -72,000 | -78,000 | 179,897 | 14,933 | -51,830 | 144,557 | 91,455 | -6,363 | 68,192 | -82,199 | 102,510 | 53,435 | 54,403 | -18,802 | 187,812 |
| Debtors | 139,000 | 73,000 | 158,783 | -209,802 | 166,177 | 122,830 | 334,323 | 17,758 | -92,771 | -31,095 | -40,376 | 82,149 | -34,021 | 160,024 | 221,021 |
| Creditors | -101,000 | -80,000 | 169,227 | -20,197 | -95,414 | 85,443 | 95,420 | -1,645 | 2,591 | -157,746 | 25,016 | 40,709 | 1,292 | 62,110 | 124,194 |
| Accruals and Deferred Income | 3,000 | 110,000 | -107,623 | 9,571 | 2,021 | 75,609 | -23,979 | -34,240 | -50,701 | 207,342 | |||||
| Deferred Taxes & Provisions | 30,000 | -4,000 | -586 | -1,999 | -5,149 | 13,346 | -9,500 | 9,888 | |||||||
| Cash flow from operations | 236,000 | 242,000 | 28,276,338 | 335,130 | 312,793 | ||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -107,000 | 5,000 | 150,000 | -90,696 | 179,696 | 61,000 | -160,000 | 160,000 | |||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -5,000 | -2,000 | 29,000 | ||||||||||||
| other long term liabilities | -19,000 | -29,600 | -17,010 | -29,160 | 94,770 | ||||||||||
| share issue | |||||||||||||||
| interest | -5,000 | -3,000 | -5,000 | 1,567 | 1,374 | ||||||||||
| cash flow from financing | -117,000 | -19,000 | -4,586 | 1,567 | 1,374 | ||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 70,000 | 151,000 | -23,952 | 20,279 | -528 | -1,652 | -209,652 | -44,361 | -322,854 | 288,220 | 100,903 | -8,165 | 1,420 | -33,426 | 233,768 |
| overdraft | -72,000 | 25,159 | -133,340 | -17,415 | 46,395 | 151,201 | |||||||||
| change in cash | 70,000 | 223,000 | -49,111 | 153,619 | 16,887 | -48,047 | -360,853 | -44,361 | -322,854 | 288,220 | 100,903 | -8,165 | 1,420 | -33,426 | 233,768 |
industrial hose & pipe fittings limited Credit Report and Business Information
Industrial Hose & Pipe Fittings Limited Competitor Analysis
Perform a competitor analysis for industrial hose & pipe fittings limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in EC1M area or any other competitors across 12 key performance metrics.
industrial hose & pipe fittings limited Ownership
INDUSTRIAL HOSE & PIPE FITTINGS LIMITED group structure
Industrial Hose & Pipe Fittings Limited has no subsidiary companies.
Ultimate parent company
2 parents
INDUSTRIAL HOSE & PIPE FITTINGS LIMITED
00596613
industrial hose & pipe fittings limited directors
Industrial Hose & Pipe Fittings Limited currently has 2 directors. The longest serving directors include Mr Richard Davies (Jun 2018) and Mr Alessandro Lala (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Davies | England | 56 years | Jun 2018 | - | Director |
| Mr Alessandro Lala | England | 55 years | Oct 2022 | - | Director |
P&L
September 2023turnover
2.5m
+36%
operating profit
511k
+147%
gross margin
42.2%
+3.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
1.5m
+0.3%
total assets
2m
+0.08%
cash
221k
+0.46%
net assets
Total assets minus all liabilities
industrial hose & pipe fittings limited company details
company number
00596613
Type
Private limited with Share Capital
industry
25620 - Machining
incorporation date
January 1958
age
67
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
10 - 11 charterhouse square, london, EC1M 6EE
Bank
-
Legal Advisor
-
industrial hose & pipe fittings 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 9 charges/mortgages relating to industrial hose & pipe fittings limited. Currently there are 1 open charges and 8 have been satisfied in the past.
industrial hose & pipe fittings 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 INDUSTRIAL HOSE & PIPE FITTINGS LIMITED. This can take several minutes, an email will notify you when this has completed.
industrial hose & pipe fittings limited Companies House Filings - See Documents
| date | description | view/download |
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