hartshorne motor services limited
hartshorne motor services limited Company Information
Company Number
00940949
Next Accounts
Sep 2025
Shareholders
hartshorne group ltd
Group Structure
View All
Industry
Maintenance and repair of motor vehicles
+2Registered Address
crossroads truck & bus limited, pheasant drive, batley, west yorkshire, WF17 9LR
Website
www.hartshornegroup.co.ukhartshorne motor services limited Estimated Valuation
Pomanda estimates the enterprise value of HARTSHORNE MOTOR SERVICES LIMITED at £54.6m based on a Turnover of £115.2m and 0.47x industry multiple (adjusted for size and gross margin).
hartshorne motor services limited Estimated Valuation
Pomanda estimates the enterprise value of HARTSHORNE MOTOR SERVICES LIMITED at £52.2m based on an EBITDA of £8.6m and a 6.07x industry multiple (adjusted for size and gross margin).
hartshorne motor services limited Estimated Valuation
Pomanda estimates the enterprise value of HARTSHORNE MOTOR SERVICES LIMITED at £39.4m based on Net Assets of £14.5m and 2.71x industry multiple (adjusted for liquidity).
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Hartshorne Motor Services Limited Overview
Hartshorne Motor Services Limited is a live company located in batley, WF17 9LR with a Companies House number of 00940949. It operates in the sale of other motor vehicles sector, SIC Code 45190. Founded in October 1968, it's largest shareholder is hartshorne group ltd with a 100% stake. Hartshorne Motor Services Limited is a mature, mega sized company, Pomanda has estimated its turnover at £115.2m with high growth in recent years.
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Hartshorne Motor Services Limited Health Check
Pomanda's financial health check has awarded Hartshorne Motor Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
3 Weak
Size
annual sales of £115.2m, make it larger than the average company (£13.9m)
£115.2m - Hartshorne Motor Services Limited
£13.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (9.2%)
22% - Hartshorne Motor Services Limited
9.2% - Industry AVG
Production
with a gross margin of 13.6%, this company has a higher cost of product (25%)
13.6% - Hartshorne Motor Services Limited
25% - Industry AVG
Profitability
an operating margin of 6.8% make it more profitable than the average company (4.5%)
6.8% - Hartshorne Motor Services Limited
4.5% - Industry AVG
Employees
with 218 employees, this is above the industry average (43)
218 - Hartshorne Motor Services Limited
43 - Industry AVG
Pay Structure
on an average salary of £51.7k, the company has a higher pay structure (£35k)
£51.7k - Hartshorne Motor Services Limited
£35k - Industry AVG
Efficiency
resulting in sales per employee of £528.5k, this is more efficient (£284.4k)
£528.5k - Hartshorne Motor Services Limited
£284.4k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (29 days)
14 days - Hartshorne Motor Services Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 68 days, this is slower than average (45 days)
68 days - Hartshorne Motor Services Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 82 days, this is more than average (58 days)
82 days - Hartshorne Motor Services Limited
58 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is more cash available to meet short term requirements (10 weeks)
14 weeks - Hartshorne Motor Services Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.4%, this is a similar level of debt than the average (67.2%)
69.4% - Hartshorne Motor Services Limited
67.2% - Industry AVG
HARTSHORNE MOTOR SERVICES LIMITED financials
Hartshorne Motor Services Limited's latest turnover from December 2023 is £115.2 million and the company has net assets of £14.5 million. According to their latest financial statements, Hartshorne Motor Services Limited has 218 employees and maintains cash reserves of £8.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 115,212,000 | 94,289,000 | 75,171,000 | 63,029,000 | 75,201,000 | 82,425,000 | 80,196,000 | 76,078,000 | 72,924,000 | 54,593,000 | 62,164,000 | 50,505,000 | 51,878,000 | 32,837,000 | 60,854,103 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 99,513,000 | 80,568,000 | 62,912,000 | 52,809,000 | 63,800,000 | 71,226,000 | 69,605,000 | 66,525,000 | 63,344,000 | 45,490,000 | 53,525,000 | 41,676,000 | 42,594,000 | 28,643,000 | 48,821,488 |
| Gross Profit | 15,699,000 | 13,721,000 | 12,259,000 | 10,220,000 | 11,401,000 | 11,199,000 | 10,591,000 | 9,553,000 | 9,580,000 | 9,103,000 | 8,639,000 | 8,829,000 | 9,284,000 | 4,194,000 | 12,032,615 |
| Admin Expenses | 7,878,000 | 8,160,000 | 7,020,000 | 7,233,000 | 9,079,000 | 8,217,000 | 8,115,000 | 7,392,000 | 7,560,000 | 7,164,000 | 7,093,000 | 7,136,000 | 7,335,000 | 11,022,000 | 12,431,054 |
| Operating Profit | 7,821,000 | 5,561,000 | 5,239,000 | 2,987,000 | 2,322,000 | 2,982,000 | 2,476,000 | 2,161,000 | 2,020,000 | 1,939,000 | 1,546,000 | 1,693,000 | 1,949,000 | -6,828,000 | -398,439 |
| Interest Payable | 730,000 | 283,000 | 121,000 | 224,000 | 239,000 | 164,000 | 172,000 | 150,000 | 137,000 | 92,000 | 215,000 | 228,000 | 330,000 | 425,000 | 581,293 |
| Interest Receivable | 184,000 | 1,000 | 6,000 | 14,000 | 11,000 | 23,000 | 13,000 | 14,000 | 3,000 | ||||||
| Pre-Tax Profit | 7,275,000 | 5,279,000 | 5,118,000 | 2,769,000 | 2,097,000 | 2,829,000 | 2,327,000 | 2,024,000 | 1,897,000 | 1,850,000 | 1,331,000 | 1,465,000 | 1,619,000 | -5,520,000 | -979,732 |
| Tax | -1,833,000 | -1,082,000 | -707,000 | -606,000 | -363,000 | -554,000 | -439,000 | -465,000 | -439,000 | -422,000 | -346,000 | -398,000 | -421,000 | 1,727,000 | 274,918 |
| Profit After Tax | 5,442,000 | 4,197,000 | 4,411,000 | 2,163,000 | 1,734,000 | 2,275,000 | 1,888,000 | 1,559,000 | 1,458,000 | 1,428,000 | 985,000 | 1,067,000 | 1,198,000 | -3,793,000 | -704,814 |
| Dividends Paid | 2,750,000 | 2,500,000 | 4,000,000 | 550,000 | 1,000,000 | 400,000 | 400,000 | 1,950,000 | |||||||
| Retained Profit | 2,692,000 | 1,697,000 | 411,000 | 1,613,000 | 734,000 | 1,875,000 | 1,488,000 | -391,000 | 1,458,000 | 1,428,000 | 985,000 | 1,067,000 | 1,198,000 | -3,793,000 | -704,814 |
| Employee Costs | 11,281,000 | 9,798,000 | 9,378,000 | 9,142,000 | 9,370,000 | 9,275,000 | 8,986,000 | 8,541,000 | 8,480,000 | 7,974,000 | 7,574,000 | 7,367,000 | 8,007,000 | 5,662,000 | 11,507,758 |
| Number Of Employees | 218 | 214 | 212 | 229 | 247 | 248 | 250 | 244 | 258 | 252 | 251 | 244 | 278 | 192 | 436 |
| EBITDA* | 8,598,000 | 6,098,000 | 5,723,000 | 3,490,000 | 2,844,000 | 3,561,000 | 3,140,000 | 2,861,000 | 2,651,000 | 2,499,000 | 2,022,000 | 2,091,000 | 2,298,000 | -6,284,000 | 179,496 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,497,000 | 1,727,000 | 1,590,000 | 1,305,000 | 1,561,000 | 1,488,000 | 1,570,000 | 4,220,000 | 4,280,000 | 4,395,000 | 4,289,000 | 3,514,000 | 3,352,000 | 3,656,000 | 4,558,392 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | 40,000 | |
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 2,507,000 | 1,737,000 | 1,600,000 | 1,315,000 | 1,571,000 | 1,498,000 | 1,610,000 | 4,260,000 | 4,320,000 | 4,435,000 | 4,329,000 | 3,554,000 | 3,392,000 | 3,696,000 | 4,558,392 |
| Stock & work in progress | 22,439,000 | 16,926,000 | 12,751,000 | 16,423,000 | 12,236,000 | 11,695,000 | 10,864,000 | 10,134,000 | 11,948,000 | 4,301,000 | 6,402,000 | 5,738,000 | 6,215,000 | 4,379,000 | 6,017,361 |
| Trade Debtors | 4,581,000 | 4,101,000 | 3,659,000 | 3,656,000 | 3,298,000 | 3,270,000 | 3,272,000 | 4,100,000 | 5,587,000 | 4,177,000 | 4,299,000 | 3,842,000 | 4,368,000 | 4,764,000 | 4,826,951 |
| Group Debtors | 8,151,000 | 8,645,000 | 11,086,000 | 11,310,000 | 11,757,000 | 10,149,000 | 5,806,000 | 2,202,000 | 2,233,000 | 720,000 | 3,095,000 | 766,000 | 1,152,000 | 1,033,000 | |
| Misc Debtors | 1,669,000 | 1,306,000 | 1,906,000 | 1,800,000 | 1,719,000 | 1,230,000 | 796,000 | 996,000 | 632,000 | 661,000 | 536,000 | 817,000 | 2,167,000 | 2,204,000 | |
| Cash | 8,173,000 | 9,075,000 | 4,087,000 | 6,606,000 | 5,078,000 | 4,613,000 | 7,365,000 | 7,158,000 | 4,366,000 | 4,374,000 | 2,672,000 | 5,082,000 | 4,946,000 | 1,686,000 | 379,926 |
| misc current assets | |||||||||||||||
| total current assets | 45,013,000 | 40,053,000 | 33,489,000 | 39,795,000 | 34,088,000 | 30,957,000 | 28,103,000 | 24,590,000 | 24,766,000 | 14,233,000 | 17,004,000 | 16,245,000 | 18,848,000 | 14,066,000 | 12,171,871 |
| total assets | 47,520,000 | 41,790,000 | 35,089,000 | 41,110,000 | 35,659,000 | 32,455,000 | 29,713,000 | 28,850,000 | 29,086,000 | 18,668,000 | 21,333,000 | 19,799,000 | 22,240,000 | 17,762,000 | 16,730,263 |
| Bank overdraft | 4,300,000 | 600,000 | 600,000 | 4,927,181 | |||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 18,590,000 | 15,088,000 | 14,221,000 | 19,351,000 | 15,322,000 | 15,698,000 | 14,391,000 | 15,387,000 | 16,773,000 | 10,729,000 | 14,505,000 | 10,943,000 | 14,138,000 | 11,112,000 | 1,936,931 |
| Group/Directors Accounts | 927,000 | 10,000 | 1,008,000 | 176,000 | 3,143,000 | 580,000 | 848,000 | 710,000 | 40,000 | 40,000 | 541,000 | 40,000 | 40,000 | 40,000 | |
| other short term finances | 600,000 | 600,000 | 600,000 | 600,000 | 1,884,095 | ||||||||||
| hp & lease commitments | 244,000 | 275,000 | 835,000 | 207,000 | 247,000 | 180,000 | 184,000 | 210,000 | 249,000 | 182,000 | 55,000 | 17,000 | 56,000 | 47,000 | |
| other current liabilities | 8,687,000 | 8,046,000 | 1,722,000 | 2,839,000 | 1,461,000 | 1,426,000 | 1,980,000 | 2,013,000 | 2,192,000 | 1,658,000 | 2,321,000 | 2,003,000 | 2,736,000 | 2,504,000 | |
| total current liabilities | 28,448,000 | 23,419,000 | 17,786,000 | 22,573,000 | 20,173,000 | 17,884,000 | 17,403,000 | 18,320,000 | 19,254,000 | 12,609,000 | 18,022,000 | 17,903,000 | 18,170,000 | 14,903,000 | 10,291,994 |
| loans | 4,300,000 | 3,900,000 | |||||||||||||
| hp & lease commitments | 184,000 | 411,000 | 402,000 | 136,000 | 211,000 | 178,000 | 167,000 | 121,000 | 228,000 | 234,000 | 74,000 | 7,000 | 41,000 | 47,000 | |
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 1,482,000 | 875,000 | 696,000 | 246,000 | 627,000 | ||||||||||
| provisions | 4,348,000 | 6,112,000 | 6,750,000 | 8,661,000 | 7,148,000 | 7,000,000 | 6,625,000 | 6,379,000 | 5,183,000 | 1,380,000 | 827,000 | 643,000 | |||
| total long term liabilities | 4,532,000 | 6,523,000 | 7,152,000 | 8,797,000 | 7,359,000 | 7,178,000 | 6,792,000 | 6,500,000 | 5,411,000 | 3,096,000 | 1,776,000 | 1,346,000 | 4,587,000 | 4,574,000 | 3,123,235 |
| total liabilities | 32,980,000 | 29,942,000 | 24,938,000 | 31,370,000 | 27,532,000 | 25,062,000 | 24,195,000 | 24,820,000 | 24,665,000 | 15,705,000 | 19,798,000 | 19,249,000 | 22,757,000 | 19,477,000 | 13,415,229 |
| net assets | 14,540,000 | 11,848,000 | 10,151,000 | 9,740,000 | 8,127,000 | 7,393,000 | 5,518,000 | 4,030,000 | 4,421,000 | 2,963,000 | 1,535,000 | 550,000 | -517,000 | -1,715,000 | 3,315,034 |
| total shareholders funds | 14,540,000 | 11,848,000 | 10,151,000 | 9,740,000 | 8,127,000 | 7,393,000 | 5,518,000 | 4,030,000 | 4,421,000 | 2,963,000 | 1,535,000 | 550,000 | -517,000 | -1,715,000 | 3,315,034 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 7,821,000 | 5,561,000 | 5,239,000 | 2,987,000 | 2,322,000 | 2,982,000 | 2,476,000 | 2,161,000 | 2,020,000 | 1,939,000 | 1,546,000 | 1,693,000 | 1,949,000 | -6,828,000 | -398,439 |
| Depreciation | 777,000 | 537,000 | 484,000 | 503,000 | 522,000 | 579,000 | 664,000 | 700,000 | 631,000 | 560,000 | 476,000 | 398,000 | 349,000 | 544,000 | 577,935 |
| Amortisation | |||||||||||||||
| Tax | -1,833,000 | -1,082,000 | -707,000 | -606,000 | -363,000 | -554,000 | -439,000 | -465,000 | -439,000 | -422,000 | -346,000 | -398,000 | -421,000 | 1,727,000 | 274,918 |
| Stock | 5,513,000 | 4,175,000 | -3,672,000 | 4,187,000 | 541,000 | 831,000 | 730,000 | -1,814,000 | 7,647,000 | -2,101,000 | 664,000 | -477,000 | 1,836,000 | -1,638,361 | 6,017,361 |
| Debtors | 349,000 | -2,599,000 | -115,000 | -8,000 | 2,125,000 | 4,775,000 | 2,576,000 | -1,154,000 | 2,894,000 | -2,372,000 | 2,505,000 | -2,262,000 | -314,000 | 3,174,049 | 4,826,951 |
| Creditors | 3,502,000 | 867,000 | -5,130,000 | 4,029,000 | -376,000 | 1,307,000 | -996,000 | -1,386,000 | 6,044,000 | -3,776,000 | 3,562,000 | -3,195,000 | 3,026,000 | 9,175,069 | 1,936,931 |
| Accruals and Deferred Income | 641,000 | 6,324,000 | -1,117,000 | 1,378,000 | 35,000 | -554,000 | -33,000 | -179,000 | 534,000 | -663,000 | 318,000 | -733,000 | 232,000 | 2,504,000 | |
| Deferred Taxes & Provisions | -1,764,000 | -638,000 | -1,911,000 | 1,513,000 | 148,000 | 375,000 | 246,000 | 1,196,000 | 3,803,000 | 553,000 | 184,000 | 643,000 | |||
| Cash flow from operations | 3,282,000 | 9,993,000 | 645,000 | 5,625,000 | -378,000 | -1,471,000 | -1,388,000 | 4,995,000 | 2,052,000 | 2,664,000 | 2,571,000 | 1,147,000 | 3,613,000 | 5,586,381 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -30,000 | 40,000 | |||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 917,000 | -998,000 | 832,000 | -2,967,000 | 2,563,000 | -268,000 | 138,000 | 670,000 | -501,000 | 501,000 | 40,000 | ||||
| Other Short Term Loans | -600,000 | -1,284,095 | 1,884,095 | ||||||||||||
| Long term loans | -4,300,000 | 400,000 | 3,900,000 | ||||||||||||
| Hire Purchase and Lease Commitments | -258,000 | -551,000 | 894,000 | -115,000 | 100,000 | 7,000 | 20,000 | -146,000 | 61,000 | 287,000 | 105,000 | -73,000 | 3,000 | 94,000 | |
| other long term liabilities | -1,482,000 | 607,000 | 179,000 | 450,000 | -381,000 | 627,000 | |||||||||
| share issue | |||||||||||||||
| interest | -546,000 | -282,000 | -121,000 | -218,000 | -225,000 | -153,000 | -149,000 | -137,000 | -123,000 | -89,000 | -215,000 | -228,000 | -330,000 | -425,000 | |
| cash flow from financing | 113,000 | -1,831,000 | 1,605,000 | -3,300,000 | 2,438,000 | -414,000 | 9,000 | 387,000 | -1,544,000 | -296,000 | 570,000 | -4,151,000 | -308,000 | 1,714,871 | |
| cash and cash equivalents | |||||||||||||||
| cash | -902,000 | 4,988,000 | -2,519,000 | 1,528,000 | 465,000 | -2,752,000 | 207,000 | 2,792,000 | -8,000 | 1,702,000 | -2,410,000 | 136,000 | 3,260,000 | 1,306,074 | 379,926 |
| overdraft | -4,300,000 | 3,700,000 | -4,327,181 | 4,927,181 | |||||||||||
| change in cash | -902,000 | 4,988,000 | -2,519,000 | 1,528,000 | 465,000 | -2,752,000 | 207,000 | 2,792,000 | -8,000 | 1,702,000 | 1,890,000 | -3,564,000 | 3,260,000 | 5,633,255 | -4,547,255 |
hartshorne motor services limited Credit Report and Business Information
Hartshorne Motor Services Limited Competitor Analysis
Perform a competitor analysis for hartshorne motor services 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 WF17 area or any other competitors across 12 key performance metrics.
hartshorne motor services limited Ownership
HARTSHORNE MOTOR SERVICES LIMITED group structure
Hartshorne Motor Services Limited has 1 subsidiary company.
Ultimate parent company
HARTSHORNE CROSSROADS GROUP LTD
#0043266
2 parents
HARTSHORNE MOTOR SERVICES LIMITED
00940949
1 subsidiary
hartshorne motor services limited directors
Hartshorne Motor Services Limited currently has 7 directors. The longest serving directors include Mr Martin Cronin (Jul 2010) and Mr Phillip Brookfield (Sep 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Cronin | 59 years | Jul 2010 | - | Director | |
| Mr Phillip Brookfield | 54 years | Sep 2015 | - | Director | |
| Mr James Cowen | 38 years | May 2018 | - | Director | |
| Ms Jayne Bulpitt | 55 years | May 2018 | - | Director | |
| Mr Ian Middleton | 57 years | Jun 2019 | - | Director | |
| Mr Brian Cronin | 54 years | Jun 2019 | - | Director | |
| Mr David Crowley | 58 years | Jun 2021 | - | Director |
P&L
December 2023turnover
115.2m
+22%
operating profit
7.8m
+41%
gross margin
13.7%
-6.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
14.5m
+0.23%
total assets
47.5m
+0.14%
cash
8.2m
-0.1%
net assets
Total assets minus all liabilities
hartshorne motor services limited company details
company number
00940949
Type
Private limited with Share Capital
industry
45190 - Sale of other motor vehicles
45200 - Maintenance and repair of motor vehicles
45320 - Retail trade of motor vehicle parts and accessories
incorporation date
October 1968
age
57
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
BHP LLP
address
crossroads truck & bus limited, pheasant drive, batley, west yorkshire, WF17 9LR
Bank
HSBC BANK PLC, HSBC BANK PLC
Legal Advisor
-
hartshorne motor services 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 30 charges/mortgages relating to hartshorne motor services limited. Currently there are 3 open charges and 27 have been satisfied in the past.
hartshorne motor services 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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hartshorne motor services limited Companies House Filings - See Documents
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