Harris (steels) Limited

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harris (steels) limited Company Information

Company Number

00674976

Next Accounts

Mar 2025

Directors

Christopher Price

David Price

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Shareholders

john price

robert basil price

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Group Structure

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Industry

Wholesale of metals and metal ores

Registered Address

coombs road, halesowen, worcs, B62 8BD

Website

www.harrissteels.co.uk

harris (steels) limited Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of HARRIS (STEELS) LIMITED at £5.4m based on Net Assets of £3.3m and 1.64x industry multiple (adjusted for liquidity).

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Harris (steels) Limited is a live company located in worcs, B62 8BD with a Companies House number of 00674976. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in November 1960, it's largest shareholder is john price with a 25% stake. Harris (steels) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.7m with high growth in recent years.

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Pomanda's financial health check has awarded Harris (Steels) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £5.7m, make it smaller than the average company (£28.3m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a similar rate (14.9%)

EXPORT

Harris (Steels) Limited's latest turnover from June 2023 is estimated at £5.7 million and the company has net assets of £3.3 million. According to their latest financial statements, Harris (Steels) Limited has 18 employees and maintains cash reserves of £2.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	5,702,203	4,632,645	4,471,822	3,570,134	4,273,192	4,105,420	3,689,727	3,768,681	4,259,420	4,887,513	4,899,644	5,073,527	4,201,551	4,203,859
Other Income Or Grants
Cost Of Sales	4,705,059	3,696,523	3,805,100	3,152,666	3,708,787	3,532,152	3,078,172	3,244,769	3,673,897	4,239,855	4,287,310	4,393,388	3,555,699	3,558,802
Gross Profit	997,144	936,122	666,722	417,468	564,405	573,268	611,555	523,912	585,523	647,659	612,333	680,139	645,851	645,057
Admin Expenses	959,327	404,893	130,278	403,652	513,665	356,707	328,876	237,249	547,739	600,592	455,297	546,407	465,933	-953,098
Operating Profit	37,817	531,229	536,444	13,816	50,740	216,561	282,679	286,663	37,784	47,067	157,036	133,732	179,918	1,598,155
Interest Payable
Interest Receivable	108,065	23,829	1,708	1,390	9,898	7,189	3,295	5,784	6,172	5,542	4,112	2,817	1,804	824
Pre-Tax Profit	145,881	555,058	538,152	15,206	60,638	223,749	285,974	292,448	43,956	52,609	161,148	136,549	181,722	1,598,979
Tax	-36,470	-105,461	-102,249	-2,889	-11,521	-42,512	-54,335	-58,489	-8,791	-11,048	-37,064	-32,772	-47,248	-447,714
Profit After Tax	109,411	449,597	435,903	12,317	49,117	181,237	231,639	233,958	35,165	41,561	124,084	103,777	134,474	1,151,265
Dividends Paid
Retained Profit	109,411	449,597	435,903	12,317	49,117	181,237	231,639	233,958	35,165	41,561	124,084	103,777	134,474	1,151,265
Employee Costs	920,298	812,377	609,351	799,386	835,695	820,960	796,078	737,919	282,462	305,215	302,801	267,482	269,256	304,231
Number Of Employees	18	17	15	20	21	21	21	20	8	9	9	8	8	10
EBITDA*	75,303	570,683	573,690	59,305	95,171	259,277	924,959	332,307	92,208	113,350	232,285	182,619	212,379	1,625,567

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	129,594	159,983	142,382	179,628	235,095	236,649	161,543	175,325	198,555	235,075	264,459	185,403	140,852	98,534
Intangible Assets
Investments & Other													150,000	120,000
Debtors (Due After 1 year)
Total Fixed Assets	129,594	159,983	142,382	179,628	235,095	236,649	161,543	175,325	198,555	235,075	264,459	185,403	290,852	218,534
Stock & work in progress	905,944	977,170	689,879	581,808	735,182	687,672	632,644	542,879	575,464	570,032	659,868	775,420	758,539	679,863
Trade Debtors	489,174	634,890	679,275	319,611	575,201	591,476	541,293	594,860	801,159	982,492	894,430	962,526	937,299	883,860
Group Debtors	355,453	707,858	570,472	129,849	141,616	164,900	225,059	131,057
Misc Debtors	62,322	15,986	25,088	13,506	12,607	7,349	10,754	9,940
Cash	2,393,072	1,929,518	1,883,175	1,531,864	1,248,452	1,391,044	1,484,415	1,151,587	1,162,091	1,306,834	910,010	734,832	391,998	329,627
misc current assets
total current assets	4,205,965	4,265,422	3,847,889	2,576,638	2,713,058	2,842,441	2,894,165	2,430,323	2,538,714	2,859,358	2,464,308	2,472,778	2,087,836	1,893,350
total assets	4,335,559	4,425,405	3,990,271	2,756,266	2,948,153	3,079,090	3,055,708	2,605,648	2,737,269	3,094,433	2,728,767	2,658,181	2,378,688	2,111,884
Bank overdraft
Bank loan
Trade Creditors	912,952	661,697	895,899	328,605	498,428	538,626	696,532	474,092	1,112,759	1,497,153	1,170,390	1,233,704	1,065,769	948,838
Group/Directors Accounts	4,250	4,250	4,250	4,250	4,250	4,250	4,250	4,250
other short term finances
hp & lease commitments
other current liabilities	97,868	541,365	332,712	95,327	121,269	259,256	274,485	272,448
total current liabilities	1,015,070	1,207,312	1,232,861	428,182	623,947	802,132	975,267	750,790	1,112,759	1,497,153	1,170,390	1,233,704	1,065,769	948,838
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	23,284	30,299	19,213	25,790	34,229	36,098	20,818	26,874	30,484	38,419	41,077	31,261	23,480	8,081
total long term liabilities	23,284	30,299	19,213	25,790	34,229	36,098	20,818	26,874	30,484	38,419	41,077	31,261	23,480	8,081
total liabilities	1,038,354	1,237,611	1,252,074	453,972	658,176	838,230	996,085	777,664	1,143,243	1,535,572	1,211,467	1,264,965	1,089,249	956,919
net assets	3,297,205	3,187,794	2,738,197	2,302,294	2,289,977	2,240,860	2,059,623	1,827,984	1,594,026	1,558,861	1,517,300	1,393,216	1,289,439	1,154,965
total shareholders funds	3,297,205	3,187,794	2,738,197	2,302,294	2,289,977	2,240,860	2,059,623	1,827,984	1,594,026	1,558,861	1,517,300	1,393,216	1,289,439	1,154,965

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	37,817	531,229	536,444	13,816	50,740	216,561	282,679	286,663	37,784	47,067	157,036	133,732	179,918	1,598,155
Depreciation	37,486	39,454	37,246	45,489	44,431	42,716	642,280	45,644	54,424	66,283	75,249	48,887	32,461	27,412
Amortisation
Tax	-36,470	-105,461	-102,249	-2,889	-11,521	-42,512	-54,335	-58,489	-8,791	-11,048	-37,064	-32,772	-47,248	-447,714
Stock	-71,226	287,291	108,071	-153,374	47,510	55,028	89,765	-32,585	5,432	-89,836	-115,552	16,881	78,676	679,863
Debtors	-451,785	83,899	811,869	-266,458	-34,301	-13,381	41,249	-65,302	-181,333	88,062	-68,096	25,227	53,439	883,860
Creditors	251,255	-234,202	567,294	-169,823	-40,198	-157,906	222,440	-638,667	-384,394	326,763	-63,314	167,935	116,931	948,838
Accruals and Deferred Income	-443,497	208,653	237,385	-25,942	-137,987	-15,229	2,037	272,448
Deferred Taxes & Provisions	-7,015	11,086	-6,577	-8,439	-1,869	15,280	-6,056	-3,610	-7,935	-2,658	9,816	7,781	15,399	8,081
Cash flow from operations	362,587	79,569	349,603	272,044	-109,613	17,263	958,031	1,876	-133,011	428,181	325,371	283,455	165,346	571,049
Investing Activities
capital expenditure	-7,097	-57,055		9,978	-42,877	-117,822	-628,498	-22,414	-17,904	-36,899	-154,305	-93,438	-74,779	-125,946
Change in Investments												-150,000	30,000	120,000
cash flow from investments	-7,097	-57,055		9,978	-42,877	-117,822	-628,498	-22,414	-17,904	-36,899	-154,305	56,562	-104,779	-245,946
Financing Activities
Bank loans
Group/Directors Accounts								4,250
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue														3,700
interest	108,065	23,829	1,708	1,390	9,898	7,189	3,295	5,784	6,172	5,542	4,112	2,817	1,804	824
cash flow from financing	108,065	23,829	1,708	1,390	9,898	7,189	3,295	10,034	6,172	5,542	4,112	2,817	1,804	4,524
cash and cash equivalents
cash	463,554	46,343	351,311	283,412	-142,592	-93,371	332,828	-10,504	-144,743	396,824	175,178	342,834	62,371	329,627
overdraft
change in cash	463,554	46,343	351,311	283,412	-142,592	-93,371	332,828	-10,504	-144,743	396,824	175,178	342,834	62,371	329,627

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for harris (steels) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in B62 area or any other competitors across 12 key performance metrics.

HARRIS (STEELS) LIMITED group structure

Harris (Steels) Limited has no subsidiary companies.

Ultimate parent company

HARRIS (STEELS) LIMITED

00674976

HARRIS (STEELS) LIMITED Shareholders

john price	25%
robert basil price	25%
richard maurice benjamin price	8.35%
christopher douglas price	8.32%
nicola jane rogers	8.32%
roderick montgomery griffiths cartwright	8.32%
daniel francis price	4.19%
james douglas price	4.16%
stephen douglas price	4.16%
neil david price	4.16%

Harris (Steels) Limited currently has 8 directors. The longest serving directors include Mr Christopher Price (Jul 1991) and Mr David Price (Jul 1991).

officer	country	age	start	end	role
Mr Christopher Price	England	63 years	Jul 1991	-	Director
Mr David Price		76 years	Jul 1991	-	Director
Mr John Price	England	68 years	Jul 1991	-	Director
Mr Robert Price	England	67 years	Jul 1991	-	Director
Mr Stephen Price	England	74 years	Jul 1991	-	Director
Mr James Price	England	45 years	Apr 2006	-	Director
Mr Neil Price	England	50 years	Sep 2023	-	Director
Mr Daniel Price	England	42 years	Sep 2023	-	Director

P&L

June 2023

turnover

5.7m

+23%

operating profit

37.8k

gross margin

17.5%

-13.46%

turnover

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

Balance Sheet

June 2023

net assets

3.3m

+0.03%

total assets

4.3m

-0.02%

cash

2.4m

+0.24%

net assets

Total assets minus all liabilities

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company number

00674976

Type

Private limited with Share Capital

industry

46720 - Wholesale of metals and metal ores

incorporation date

November 1960

ultimate parent company

None

previous names

N/A

address

coombs road, halesowen, worcs, B62 8BD

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harris (steels) limited Company Information

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harris (steels) limited Estimated Valuation

harris (steels) limited Estimated Valuation

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HARRIS (STEELS) LIMITED financials

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