Hasco-thermic Limited

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hasco-thermic limited Company Information

Company Number

01013744

Next Accounts

Dec 2025

Directors

David Pepper

Jeremy Woolridge

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Shareholders

b e wedge (holdings) ltd

Group Structure

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Industry

Manufacture of ovens, furnaces and furnace burners

Registered Address

134 birchfield lane, oldbury, warley, west midlands, B69 2AY

Website

https://www.hascothermic.com

hasco-thermic limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of HASCO-THERMIC LIMITED at £3.3m based on Net Assets of £1.3m and 2.48x industry multiple (adjusted for liquidity).

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Hasco-thermic Limited is a live company located in warley, B69 2AY with a Companies House number of 01013744. It operates in the manufacture of ovens, furnaces and furnace burners sector, SIC Code 28210. Founded in June 1971, it's largest shareholder is b e wedge (holdings) ltd with a 100% stake. Hasco-thermic Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Hasco-Thermic Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£16.9m)

Growth

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

EXPORT

Hasco-Thermic Limited's latest turnover from March 2024 is estimated at £1.3 million and the company has net assets of £1.3 million. According to their latest financial statements, Hasco-Thermic Limited has 10 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,319,723	1,354,285	1,921,493	1,425,883	1,151,031	1,352,408	1,681,927	1,099,942	2,418,665	2,299,158	1,854,231	2,257,269	2,034,016	2,059,702	1,845,899
Other Income Or Grants
Cost Of Sales	1,118,573	1,044,703	1,557,417	1,265,232	990,811	1,198,077	1,343,540	888,180	1,570,170	1,454,867	1,248,865	1,555,385	1,180,327	1,311,925	1,407,958
Gross Profit	201,149	309,582	364,076	160,651	160,221	154,331	338,387	211,762	848,495	844,291	605,366	701,884	853,689	747,777	437,941
Admin Expenses	90,692	324,437	344,826	40,967	192,731	7,555	514,121	195,552	663,026	661,760	534,787	511,079	513,316	402,597	489,413
Operating Profit	110,457	-14,855	19,250	119,684	-32,510	146,776	-175,734	16,210	185,469	182,531	70,579	190,805	340,373	345,180	-51,472
Interest Payable													108
Interest Receivable	48,920	15,223	3,483	873	767	3,447	2,508	1,463						3,760
Pre-Tax Profit	159,377	368	22,733	120,557	-31,743	150,223	-173,226	17,673	193,498	169,603	72,161	194,963	340,265	348,940	-51,472
Tax	-39,844	-70	-4,319	-22,906		-28,542		-3,534	-42,660	-23,530	-16,585	-48,819	-89,559	-98,303	14,891
Profit After Tax	119,533	298	18,414	97,651	-31,743	121,681	-173,226	14,138	150,838	146,073	55,576	146,144	250,706	250,637	-36,581
Dividends Paid									200,000
Retained Profit	119,533	298	18,414	97,651	-31,743	121,681	-173,226	14,138	-49,162	146,073	55,576	146,144	250,706	250,637	-36,581
Employee Costs	477,454	491,612	491,705	429,751	299,986	257,478	497,303	494,472	572,440	489,226	433,774	483,988	458,540	346,062	390,856
Number Of Employees	10	11	11	10	7	6	12	12	12	11	12	11	9	8	9
EBITDA*	128,312	-6,584	25,962	123,768	-28,806	149,654	-172,206	25,860	197,454	194,659	82,563	205,131	348,830	354,522	-43,734

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	66,965	41,378	12,850	11,193	7,288	10,442	7,691	10,519	13,983	20,154	29,799	39,767	17,415	13,916	16,671
Intangible Assets
Investments & Other	1	1	1	1	1	1	1
Debtors (Due After 1 year)			2,126	3,068	2,846	3,633		3,389	2,740	3,077	2,816	3,076
Total Fixed Assets	66,966	41,379	14,977	14,262	10,135	14,076	7,692	13,908	16,723	23,231	32,615	42,843	17,415	13,916	16,671
Stock & work in progress	742,602	858,558	687,404	254,095	373,899	215,518	276,947	117,339	225,891	195,633	109,189	140,354	99,896	68,766	101,344
Trade Debtors	93,077	351,353	524,157	444,389	102,174	535,094	465,738	391,197	272,378	97,531	283,140	311,599	110,395	109,652	172,249
Group Debtors	13,338	438,239	588,387	487,196	326,613	489,542	380,298	384,008	329,205	528,426	661,924	626,574	712,962	7,129	66,742
Misc Debtors	98,727	63,894	73,847	103,372	90,146	71,070	125,202	80,054	62,197	95,330	118,111	76,502	69,333	102,356	63,049
Cash	1,434,672	428,960	287,435	641,370	1,104,972	428,999	490,266	512,776	657,302	574,271	374,344	264,578	331,172	751,999	449,705
misc current assets
total current assets	2,382,416	2,141,004	2,161,230	1,930,422	1,997,804	1,740,223	1,738,451	1,485,374	1,546,973	1,491,191	1,546,708	1,419,607	1,323,758	1,039,902	853,089
total assets	2,449,382	2,182,383	2,176,207	1,944,684	2,007,939	1,754,299	1,746,143	1,499,282	1,563,696	1,514,422	1,579,323	1,462,450	1,341,173	1,053,818	869,760
Bank overdraft
Bank loan
Trade Creditors	242,655	141,369	403,132	653,751	398,304	473,761	649,282	181,939	171,966	191,201	295,050	211,251	192,279	180,622	93,800
Group/Directors Accounts													8,545	12,169	141
other short term finances
hp & lease commitments
other current liabilities	426,428	210,731	563,582	99,854	516,207	155,367	93,371	140,627	229,152	111,481	218,606	241,108	276,402	247,786	413,215
total current liabilities	669,083	352,100	966,714	753,605	914,511	629,128	742,653	322,566	401,118	302,682	513,656	452,359	477,226	440,577	507,156
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities	438,796	615,046
provisions	12,179	5,446
total long term liabilities	450,975	620,492
total liabilities	1,120,058	972,592	966,714	753,605	914,511	629,128	742,653	322,566	401,118	302,682	513,656	452,359	477,226	440,577	507,156
net assets	1,329,324	1,209,791	1,209,493	1,191,079	1,093,428	1,125,171	1,003,490	1,176,716	1,162,578	1,211,740	1,065,667	1,010,091	863,947	613,241	362,604
total shareholders funds	1,329,324	1,209,791	1,209,493	1,191,079	1,093,428	1,125,171	1,003,490	1,176,716	1,162,578	1,211,740	1,065,667	1,010,091	863,947	613,241	362,604

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	110,457	-14,855	19,250	119,684	-32,510	146,776	-175,734	16,210	185,469	182,531	70,579	190,805	340,373	345,180	-51,472
Depreciation	17,855	8,271	6,712	4,084	3,704	2,878	3,528	9,650	11,985	12,128	11,984	14,326	8,457	9,342	7,738
Amortisation
Tax	-39,844	-70	-4,319	-22,906		-28,542		-3,534	-42,660	-23,530	-16,585	-48,819	-89,559	-98,303	14,891
Stock	-115,956	171,154	433,309	-119,804	158,381	-61,429	159,608	-108,552	30,258	86,444	-31,165	40,458	31,130	-32,578	101,344
Debtors	-648,344	-335,031	150,492	516,246	-577,560	128,101	112,590	192,128	-57,844	-341,627	48,240	125,061	673,553	-82,903	302,040
Creditors	101,286	-261,763	-250,619	255,447	-75,457	-175,521	467,343	9,973	-19,235	-103,849	83,799	18,972	11,657	86,822	93,800
Accruals and Deferred Income	215,697	-352,851	463,728	-416,353	360,840	61,996	-47,256	-88,525	117,671	-107,125	-22,502	-35,294	28,616	-165,429	413,215
Deferred Taxes & Provisions	6,733	5,446
Cash flow from operations	1,176,484	-451,945	-349,049	-456,486	675,756	-59,085	-24,317	-139,802	280,816	215,338	110,200	-25,529	-405,139	293,093	74,788
Investing Activities
capital expenditure	-43,442	-36,799	-8,369	-7,989	-550	-5,629	-700	-6,186	-5,814	-2,483	-2,016	-36,678	-11,956	-6,587	-24,409
Change in Investments							1
cash flow from investments	-43,442	-36,799	-8,369	-7,989	-550	-5,629	-701	-6,186	-5,814	-2,483	-2,016	-36,678	-11,956	-6,587	-24,409
Financing Activities
Bank loans
Group/Directors Accounts												-8,545	-3,624	12,028	141
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	-176,250	615,046
share issue															399,185
interest	48,920	15,223	3,483	873	767	3,447	2,508	1,463					-108	3,760
cash flow from financing	-127,330	630,269	3,483	873	767	3,447	2,508	1,463				-8,545	-3,732	15,788	399,326
cash and cash equivalents
cash	1,005,712	141,525	-353,935	-463,602	675,973	-61,267	-22,510	-144,526	83,031	199,927	109,766	-66,594	-420,827	302,294	449,705
overdraft
change in cash	1,005,712	141,525	-353,935	-463,602	675,973	-61,267	-22,510	-144,526	83,031	199,927	109,766	-66,594	-420,827	302,294	449,705

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HASCO-THERMIC LIMITED group structure

Hasco-Thermic Limited has 1 subsidiary company.

Ultimate parent company

B.E. WEDGE HOLDINGS LIMITED

00336600

1 parent

HASCO-THERMIC LIMITED

01013744

1 subsidiary

HASCO-TECH LIMITED

10730889

HASCO-THERMIC LIMITED Shareholders

b e wedge (holdings) ltd

100%

Hasco-Thermic Limited currently has 3 directors. The longest serving directors include Mr David Pepper (Mar 1991) and Mr Jeremy Woolridge (Mar 1991).

officer	country	age	start	end	role
Mr David Pepper		84 years	Mar 1991	-	Director
Mr Jeremy Woolridge		80 years	Mar 1991	-	Director
Mrs Angela Curtis	England	49 years	Oct 2005	-	Director

P&L

March 2024

turnover

1.3m

-3%

operating profit

110.5k

gross margin

15.3%

-33.32%

turnover

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

Balance Sheet

March 2024

net assets

1.3m

+0.1%

total assets

2.4m

+0.12%

cash

1.4m

+2.34%

net assets

Total assets minus all liabilities

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company number

01013744

Type

Private limited with Share Capital

industry

28210 - Manufacture of ovens, furnaces and furnace burners

incorporation date

June 1971

ultimate parent company

B.E. WEDGE HOLDINGS LIMITED

previous names

N/A

address

134 birchfield lane, oldbury, warley, west midlands, B69 2AY

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 2 charges/mortgages relating to hasco-thermic limited. Currently there are 0 open charges and 2 have been satisfied in the past.

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hasco-thermic limited Company Information

hasco-thermic limited Estimated Valuation

hasco-thermic limited Estimated Valuation

hasco-thermic limited Estimated Valuation

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HASCO-THERMIC LIMITED financials

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