Pomanda estimates the enterprise value of HICKS JOINERY LIMITED at £1.6m based on a Turnover of £4.2m and 0.39x industry multiple (adjusted for size and gross margin).
hicks joinery limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of HICKS JOINERY LIMITED at £0 based on an EBITDA of £-516.2k and a 3.5x industry multiple (adjusted for size and gross margin).
hicks joinery limitedEstimated Valuation
£1.5m
Pomanda estimates the enterprise value of HICKS JOINERY LIMITED at £1.5m based on Net Assets of £1.1m and 1.35x industry multiple (adjusted for liquidity).
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Hicks Joinery LimitedOverview
Hicks Joinery Limited is a live company located in reading, RG1 2AN with a Companies House number of 01106904. It operates in the manufacture of other builders' carpentry and joinery sector, SIC Code 16230. Founded in April 1973, it's largest shareholder is
hicks holdings (woodley) ltd
with a 100% stake. Hicks Joinery Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£4.2m with
declining
growth in recent years.
Pomanda's financial health check has awarded Hicks Joinery Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
2 Strong
3 Regular
7 Weak
Size
annual sales of £4.2m, make it smaller than the average company (£6.4m)
£4.2m - Hicks Joinery Limited
£6.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.8%)
-5% - Hicks Joinery Limited
4.8% - Industry AVG
Production
with a gross margin of 29.5%, this company has a comparable cost of product (29.5%)
29.5% - Hicks Joinery Limited
29.5% - Industry AVG
Profitability
an operating margin of -13.2% make it less profitable than the average company (6.3%)
-13.2% - Hicks Joinery Limited
6.3% - Industry AVG
Employees
with 34 employees, this is below the industry average (48)
34 - Hicks Joinery Limited
48 - Industry AVG
Pay Structure
on an average salary of £31.6k, the company has an equivalent pay structure (£31.6k)
£31.6k - Hicks Joinery Limited
£31.6k - Industry AVG
Efficiency
resulting in sales per employee of £122.7k, this is equally as efficient (£125.9k)
£122.7k - Hicks Joinery Limited
£125.9k - Industry AVG
Debtor Days
it gets paid by customers after 119 days, this is later than average (57 days)
119 days - Hicks Joinery Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (47 days)
17 days - Hicks Joinery Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (46 days)
5 days - Hicks Joinery Limited
46 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (27 weeks)
0 weeks - Hicks Joinery Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.4%, this is a lower level of debt than the average (63.5%)
51.4% - Hicks Joinery Limited
63.5% - Industry AVG
HICKS JOINERY LIMITED financials
EXPORT
Hicks Joinery Limited's latest turnover from April 2022 is estimated at £4.2 million and the company has net assets of £1.1 million. According to their latest financial statements, Hicks Joinery Limited has 34 employees and maintains cash reserves of £889 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Turnover
4,172,705
3,012,695
3,408,762
4,822,446
6,235,111
4,199,902
5,625,851
6,126,408
3,744,622
4,118,902
3,734,828
3,560,224
3,264,081
Other Income Or Grants
Cost Of Sales
2,941,502
2,121,121
2,448,632
3,653,843
4,628,869
3,052,678
4,134,481
4,228,459
2,682,763
2,994,020
2,894,810
2,642,283
2,604,584
Gross Profit
1,231,203
891,574
960,130
1,168,603
1,606,242
1,147,224
1,491,370
1,897,949
1,061,859
1,124,882
840,018
917,941
659,497
Admin Expenses
1,784,165
1,679,164
1,352,336
1,135,355
1,370,497
775,895
1,133,020
1,103,915
939,194
945,786
839,970
766,022
751,735
Operating Profit
-552,962
-787,590
-392,206
33,248
235,745
371,329
358,350
794,034
122,665
179,096
48
151,919
-92,238
Interest Payable
14,377
13
Interest Receivable
2,666
894
1,131
7,754
5,601
3,302
3
Pre-Tax Profit
-564,673
-786,696
-391,075
41,002
241,346
374,631
360,849
753,921
125,003
185,560
-5,679
151,906
-92,238
Tax
-7,790
-45,856
-71,180
-69,519
-114,437
-24,282
-45,380
7,800
-34,320
26,444
Profit After Tax
-564,673
-786,696
-391,075
33,212
195,490
303,451
291,330
639,484
100,721
140,180
2,121
117,586
-65,794
Dividends Paid
Retained Profit
-564,673
-786,696
-391,075
33,212
195,490
303,451
291,330
639,484
100,721
140,180
2,121
117,586
-65,794
Employee Costs
1,075,994
1,014,363
1,088,644
1,159,998
1,080,402
1,063,000
1,053,761
1,452,102
805,608
965,201
909,918
891,792
946,896
Number Of Employees
34
36
38
39
37
39
39
53
33
39
36
36
39
EBITDA*
-516,218
-746,462
-356,325
66,932
267,896
399,676
386,822
823,595
144,603
202,684
27,444
181,718
-57,500
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Tangible Assets
158,495
188,647
203,094
175,144
169,696
147,357
148,768
147,900
100,836
107,529
130,529
143,297
147,637
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
158,495
188,647
203,094
175,144
169,696
147,357
148,768
147,900
100,836
107,529
130,529
143,297
147,637
Stock & work in progress
42,298
33,784
32,264
30,263
24,608
29,473
26,161
19,370
21,014
19,273
19,241
21,954
24,947
Trade Debtors
1,366,550
727,937
888,802
1,372,009
2,032,117
1,167,761
912,554
1,699,712
656,642
820,069
1,135,529
678,217
526,267
Group Debtors
529,740
527,864
536,622
567,366
576,836
583,541
194,048
7,092
Misc Debtors
190,454
91,727
118,059
45,773
44,164
241,300
582,878
47,814
30,808
32,299
25,160
34,131
122,297
Cash
889
710,095
1,077,059
1,185,027
882,765
1,357,538
1,283,759
1,041,263
1,086,977
845,119
337,306
759,747
500,403
misc current assets
total current assets
2,129,931
2,091,407
2,652,806
3,200,438
3,560,490
3,379,613
2,999,400
2,808,159
1,795,441
1,716,760
1,517,236
1,494,049
1,181,006
total assets
2,288,426
2,280,054
2,855,900
3,375,582
3,730,186
3,526,970
3,148,168
2,956,059
1,896,277
1,824,289
1,647,765
1,637,346
1,328,643
Bank overdraft
425,998
Bank loan
Trade Creditors
141,665
326,688
89,643
159,205
295,039
219,128
259,189
175,394
88,575
83,391
150,320
115,787
73,130
Group/Directors Accounts
263,627
61,365
88,726
128,175
326,811
246,739
189,486
254,718
203,647
201,811
108,029
147,880
82,632
other short term finances
hp & lease commitments
other current liabilities
307,938
191,079
178,597
208,554
264,800
409,478
349,756
464,744
193,167
226,963
216,227
194,503
121,415
total current liabilities
1,139,228
579,132
356,966
495,934
886,650
875,345
798,431
894,856
485,389
512,165
474,576
458,170
277,177
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
35,780
22,831
34,147
23,786
20,886
24,465
26,028
28,824
17,993
19,950
21,195
29,303
19,179
total long term liabilities
35,780
22,831
34,147
23,786
20,886
24,465
26,028
28,824
17,993
19,950
21,195
29,303
19,179
total liabilities
1,175,008
601,963
391,113
519,720
907,536
899,810
824,459
923,680
503,382
532,115
495,771
487,473
296,356
net assets
1,113,418
1,678,091
2,464,787
2,855,862
2,822,650
2,627,160
2,323,709
2,032,379
1,392,895
1,292,174
1,151,994
1,149,873
1,032,287
total shareholders funds
1,113,418
1,678,091
2,464,787
2,855,862
2,822,650
2,627,160
2,323,709
2,032,379
1,392,895
1,292,174
1,151,994
1,149,873
1,032,287
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Operating Activities
Operating Profit
-552,962
-787,590
-392,206
33,248
235,745
371,329
358,350
794,034
122,665
179,096
48
151,919
-92,238
Depreciation
36,744
41,128
35,881
33,684
32,151
28,347
28,472
29,561
21,938
23,588
27,396
29,799
34,738
Amortisation
Tax
-7,790
-45,856
-71,180
-69,519
-114,437
-24,282
-45,380
7,800
-34,320
26,444
Stock
8,514
1,520
2,001
5,655
-4,865
3,312
6,791
-1,644
1,741
32
-2,713
-2,993
24,947
Debtors
739,216
-195,955
-441,665
-667,969
660,515
303,122
-58,046
1,060,076
-164,918
-308,321
448,341
56,692
655,656
Creditors
-185,023
237,045
-69,562
-135,834
75,911
-40,061
83,795
86,819
5,184
-66,929
34,533
42,657
73,130
Accruals and Deferred Income
116,859
12,482
-29,957
-56,246
-144,678
59,722
-114,988
271,577
-33,796
10,736
21,724
73,088
121,415
Deferred Taxes & Provisions
12,949
-11,316
10,361
2,900
-3,579
-1,563
-2,796
10,831
-1,957
-1,245
-8,108
10,124
19,179
Cash flow from operations
-1,319,163
-313,816
-5,819
532,276
-505,956
40,160
334,569
19,953
252,929
408,155
-362,235
219,568
-497,935
Investing Activities
capital expenditure
-6,592
-26,681
-63,831
-39,132
-54,490
-26,936
-29,340
-76,625
-15,245
-588
-14,628
-25,459
-182,375
Change in Investments
cash flow from investments
-6,592
-26,681
-63,831
-39,132
-54,490
-26,936
-29,340
-76,625
-15,245
-588
-14,628
-25,459
-182,375
Financing Activities
Bank loans
Group/Directors Accounts
202,262
-27,361
-39,449
-198,636
80,072
57,253
-65,232
51,071
1,836
93,782
-39,851
65,248
82,632
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
1,098,081
interest
-11,711
894
1,131
7,754
5,601
3,302
-13
3
cash flow from financing
190,551
-26,467
-38,318
-190,882
85,673
60,555
-65,232
51,071
1,836
93,782
-39,851
65,235
1,180,716
cash and cash equivalents
cash
-709,206
-366,964
-107,968
302,262
-474,773
73,779
242,496
-45,714
241,858
507,813
-422,441
259,344
500,403
overdraft
425,998
change in cash
-1,135,204
-366,964
-107,968
302,262
-474,773
73,779
242,496
-45,714
241,858
507,813
-422,441
259,344
500,403
hicks joinery 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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hicks joinery limited Ownership
HICKS JOINERY LIMITED group structure
Hicks Joinery Limited has no subsidiary companies.
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 1 charges/mortgages relating to hicks joinery limited. Currently there are 0 open charges and 1 have been satisfied in the past.
hicks joinery 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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hicks joinery limitedCompanies House Filings - See Documents
