harrison northern limited

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harrison northern limited Company Information

Share HARRISON NORTHERN LIMITED

Company Number

00672926

Shareholders

harrison northern properties ltd

Group Structure

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Industry

Real estate agencies

 

Registered Address

fairfield house, 105 scotland road, carlisle, cumbria, CA3 9HL

harrison northern limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of HARRISON NORTHERN LIMITED at £3.2m based on a Turnover of £1.5m and 2.09x industry multiple (adjusted for size and gross margin).

harrison northern limited Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of HARRISON NORTHERN LIMITED at £3.5m based on an EBITDA of £485.2k and a 7.25x industry multiple (adjusted for size and gross margin).

harrison northern limited Estimated Valuation

£15.3m

Pomanda estimates the enterprise value of HARRISON NORTHERN LIMITED at £15.3m based on Net Assets of £7.7m and 2x industry multiple (adjusted for liquidity).

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Harrison Northern Limited Overview

Harrison Northern Limited is a live company located in carlisle, CA3 9HL with a Companies House number of 00672926. It operates in the real estate agencies sector, SIC Code 68310. Founded in October 1960, it's largest shareholder is harrison northern properties ltd with a 100% stake. Harrison Northern Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with healthy growth in recent years.

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Harrison Northern Limited Health Check

Pomanda's financial health check has awarded Harrison Northern Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £1.5m, make it larger than the average company (£589.2k)

£1.5m - Harrison Northern Limited

£589.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.5%)

7% - Harrison Northern Limited

4.5% - Industry AVG

production

Production

with a gross margin of 85.6%, this company has a comparable cost of product (85.6%)

85.6% - Harrison Northern Limited

85.6% - Industry AVG

profitability

Profitability

an operating margin of 27.5% make it more profitable than the average company (7.7%)

27.5% - Harrison Northern Limited

7.7% - Industry AVG

employees

Employees

with 27 employees, this is above the industry average (13)

27 - Harrison Northern Limited

13 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.7k, the company has an equivalent pay structure (£39.7k)

£39.7k - Harrison Northern Limited

£39.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £56.9k, this is less efficient (£85k)

£56.9k - Harrison Northern Limited

£85k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 23 days, this is earlier than average (38 days)

23 days - Harrison Northern Limited

38 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 250 days, this is slower than average (37 days)

250 days - Harrison Northern Limited

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Harrison Northern Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (44 weeks)

12 weeks - Harrison Northern Limited

44 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 31.2%, this is a lower level of debt than the average (48.2%)

31.2% - Harrison Northern Limited

48.2% - Industry AVG

HARRISON NORTHERN LIMITED financials

EXPORTms excel logo

Harrison Northern Limited's latest turnover from October 2023 is estimated at £1.5 million and the company has net assets of £7.7 million. According to their latest financial statements, Harrison Northern Limited has 27 employees and maintains cash reserves of £228.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Dec 2010Oct 2009
Turnover1,536,3871,307,7911,171,3941,243,3301,366,1411,309,0371,583,4801,126,93328,048,32024,083,89611,823,8532,510,5091,746,5703,352,614
Other Income Or Grants
Cost Of Sales221,761125,12999,221160,946225,751167,990145,300150,4103,425,1872,842,4151,651,142462,345265,072762,371
Gross Profit1,314,6261,182,6621,072,1741,082,3831,140,3901,141,0471,438,181976,52324,623,13221,241,48010,172,7112,048,1651,481,4982,590,243
Admin Expenses892,068991,765475,190684,072841,610876,6171,229,918-1,784,02023,979,09420,476,9129,509,6231,471,080989,1264,645,619-2,854,911
Operating Profit422,558190,897596,984398,311298,780264,430208,2632,760,543644,038764,568663,088577,085492,372-2,055,3762,854,911
Interest Payable247,600198,220159,444161,714180,558191,845190,08498,659120,531231,967228,260240,218123,395
Interest Receivable16,38011,1935273702,7383,7542,5642,0796114498377831,1109071
Pre-Tax Profit191,3393,869438,067236,967120,96076,34020,7432,663,963644,649644,486431,958349,608253,264-2,177,8642,854,911
Tax-47,835-735-83,233-45,024-22,982-14,505-3,941-532,792-128,930-135,342-99,350-83,906-65,849-799,375
Profit After Tax143,5043,134354,834191,94397,97861,83516,8022,131,170515,719509,144332,608265,702187,415-2,177,8642,055,536
Dividends Paid
Retained Profit143,5043,134354,834191,94397,97861,83516,8022,131,170515,719509,144332,608265,702187,415-2,177,8642,055,536
Employee Costs1,072,0591,059,577902,531874,280930,460869,898734,885772,80014,033,44812,683,5206,237,7991,319,208895,7911,833,849
Number Of Employees2726242324242121369338185422752
EBITDA*485,186224,550640,535423,519317,314279,664226,2462,776,121652,482772,949670,878585,742506,505-2,037,7552,873,400

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Dec 2010Oct 2009
Tangible Assets278,229144,979158,776179,36681,33468,53663,54867,3698,189,6838,296,7288,271,6108,277,3808,277,2428,278,71511,618,019
Intangible Assets
Investments & Other7,900,6187,625,9415,725,4205,708,3865,708,3865,561,2075,675,1085,672,0905050100
Debtors (Due After 1 year)
Total Fixed Assets8,178,8477,770,9205,884,1965,887,7525,789,7205,629,7435,738,6565,739,4598,189,6838,296,7288,271,6108,277,4308,277,2928,278,71511,618,119
Stock & work in progress
Trade Debtors100,89658,02375,17484,774102,660116,893194,90571,5982,423,4922,046,2771,079,141220,787147,476263,271224,907
Group Debtors
Misc Debtors2,637,5692,719,4943,214,3313,132,3323,129,3263,380,9133,044,9172,820,593
Cash228,178395,827599,079454,637284,657445,412555,7171,495,089168,17176,281103,173231,71981,556362,508244
misc current assets
total current assets2,966,6433,173,3443,888,5843,671,7433,516,6433,943,2183,795,5394,387,2802,591,6632,122,5581,182,314452,506229,032625,779225,151
total assets11,145,49010,944,2649,772,7809,559,4959,306,3639,572,9619,534,19510,126,73910,781,34610,419,2869,453,9248,729,9368,506,3248,904,49411,843,270
Bank overdraft
Bank loan256,794282,165125,694217,892189,790
Trade Creditors 152,426165,76489,91787,192216,460143,124122,21670,8931,436,6811,368,8991,235,5781,024,431903,9251,342,9011,130,911
Group/Directors Accounts326,686297,579312,130326,375354,487621,074596,162633,763
other short term finances165,958167,784327,397
hp & lease commitments7,97210,1716,3186,3194,542
other current liabilities201,853108,027219,625144,423131,509151,433145,248537,116
total current liabilities945,731863,706753,684782,201896,7881,081,5891,031,4101,569,1691,436,6811,368,8991,235,5781,024,431903,9251,342,9011,130,911
loans1,856,3812,006,4372,391,0462,493,0552,401,3582,592,7492,757,7992,829,6993,708,6413,428,8133,594,5723,796,760
hp & lease commitments124,3403,80072,06878,38712,3943,750
Accruals and Deferred Income
other liabilities5404,538,0704,761,269731,850831,585828,585773,0064,515,106
provisions552,601547,388134,313139,017120,391117,959105,217117,7514,1802,422303163
total long term liabilities2,533,3222,557,6252,597,4272,710,4592,534,6832,714,4582,863,0162,947,4504,542,2504,763,6914,440,7944,260,5614,423,1574,569,7664,515,106
total liabilities3,479,0533,421,3313,351,1113,492,6603,431,4713,796,0473,894,4264,516,6195,978,9316,132,5905,676,3725,284,9925,327,0825,912,6675,646,017
net assets7,666,4377,522,9336,421,6696,066,8355,874,8925,776,9145,639,7695,610,1204,802,4154,286,6963,777,5523,444,9443,179,2422,991,8276,197,253
total shareholders funds7,666,4377,522,9336,421,6696,066,8355,874,8925,776,9145,639,7695,610,1204,802,4154,286,6963,777,5523,444,9443,179,2422,991,8276,197,253
Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Dec 2010Oct 2009
Operating Activities
Operating Profit422,558190,897596,984398,311298,780264,430208,2632,760,543644,038764,568663,088577,085492,372-2,055,3762,854,911
Depreciation62,62833,65343,55125,20818,53415,23417,98315,5788,4448,3817,7908,65714,13317,62118,489
Amortisation
Tax-47,835-735-83,233-45,024-22,982-14,505-3,941-532,792-128,930-135,342-99,350-83,906-65,849-799,375
Stock
Debtors-39,052-511,98872,399-14,880-265,820257,984347,631468,699377,215967,136858,35473,311-115,79538,364224,907
Creditors-13,33875,8472,725-129,26873,33620,90851,323-1,365,78867,782133,321211,147120,506-438,976211,9901,130,911
Accruals and Deferred Income93,826-111,59875,20212,914-19,9246,185-391,868537,116
Deferred Taxes & Provisions5,213413,075-4,70418,6262,43212,742-12,534113,5711,7582,119140163
Cash flow from operations562,1041,113,127558,126295,647615,99647,010-478,4051,059,529215,877-194,089-75,539549,194117,475-1,864,1292,980,029
Investing Activities
capital expenditure-195,878-19,856-22,961-123,240-31,332-20,2228,106,73698,601-33,499-2,020-8,795-12,6603,321,683-11,636,508
Change in Investments274,6771,900,52117,034147,179-113,9013,0185,672,090-5050-100100
cash flow from investments-470,555-1,920,377-39,995-123,240-178,51193,679-3,0182,434,64698,601-33,499-1,970-8,795-12,7103,321,783-11,636,608
Financing Activities
Bank loans-25,371156,471-92,19828,102189,790
Group/Directors Accounts29,107-14,551-14,245-28,112-266,58724,912-37,601633,763
Other Short Term Loans -165,958-1,826-159,613327,397
Long term loans-150,056-384,609-102,00991,697-191,391-165,050-71,9002,829,699-3,708,641279,828-165,759-202,1883,796,760
Hire Purchase and Lease Commitments118,341-64,415-6,32067,77013,1863,750
other long term liabilities-540540-4,538,070-223,1994,029,419-99,7353,00055,579-3,742,1004,515,106
share issue1,098,13075,31012,847-1,323,465-1,027,5624,141,717
interest-231,220-187,027-158,917-161,344-177,820-188,091-187,520-96,580611-120,082-231,130-227,477-239,108-122,4881
cash flow from financing-259,199603,999-373,689-2,427-598,240-250,995-443,787-2,167,256-222,588200,696-51,037-390,236-385,717-1,095,3908,656,824
cash and cash equivalents
cash-167,649-203,252144,442169,980-160,755-110,305-939,3721,326,91891,890-26,892-128,546150,163-280,952362,264244
overdraft
change in cash-167,649-203,252144,442169,980-160,755-110,305-939,3721,326,91891,890-26,892-128,546150,163-280,952362,264244

harrison northern 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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Harrison Northern Limited Competitor Analysis

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Perform a competitor analysis for harrison northern limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in CA3 area or any other competitors across 12 key performance metrics.

harrison northern limited Ownership

HARRISON NORTHERN LIMITED group structure

Harrison Northern Limited has no subsidiary companies.

Ultimate parent company

1 parent

HARRISON NORTHERN LIMITED

00672926

HARRISON NORTHERN LIMITED Shareholders

harrison northern properties ltd 100%

harrison northern limited directors

Harrison Northern Limited currently has 7 directors. The longest serving directors include Mr Simon Harrison (Nov 1991) and Mrs Dominique Harrison (Mar 2011).

officercountryagestartendrole
Mr Simon HarrisonEngland57 years Nov 1991- Director
Mrs Dominique HarrisonEngland57 years Mar 2011- Director
Mr Michael Ferguson59 years Jul 2016- Director
Mrs Nicola Rayson56 years Jul 2016- Director
Mr Thomas HarrisonUnited Kingdom26 years Feb 2018- Director
Miss Grace HarrisonUnited Kingdom29 years Feb 2018- Director
Mr Joseph HarrisonUnited Kingdom28 years Feb 2018- Director

P&L

October 2023

turnover

1.5m

+17%

operating profit

422.6k

0%

gross margin

85.6%

-5.38%

turnover

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

Balance Sheet

October 2023

net assets

7.7m

+0.02%

total assets

11.1m

+0.02%

cash

228.2k

-0.42%

net assets

Total assets minus all liabilities

harrison northern limited company details

company number

00672926

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

incorporation date

October 1960

age

65

incorporated

UK

accounts

Total Exemption Full

last accounts submitted

October 2023

previous names

hgbp ltd (February 2005)

harraby green business park limited (December 1999)

accountant

DODD & CO LIMITED

auditor

-

address

fairfield house, 105 scotland road, carlisle, cumbria, CA3 9HL

Bank

BARCLAYS BANK PLC

Legal Advisor

-

harrison northern 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 15 charges/mortgages relating to harrison northern limited. Currently there are 6 open charges and 9 have been satisfied in the past.

harrison northern 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.

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harrison northern limited Companies House Filings - See Documents

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