hartsmil limited
hartsmil limited Company Information
Company Number
01119865
Registered Address
peartree farm holyfield, waltham abbey, essex, EN9 2EW
Industry
Sewerage
Telephone
08000285942
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
the travers family trust 26%
ms michelle kathleen travers 16%
View Allhartsmil limited Estimated Valuation
Pomanda estimates the enterprise value of HARTSMIL LIMITED at £81m based on a Turnover of £27m and 3x industry multiple (adjusted for size and gross margin).
hartsmil limited Estimated Valuation
Pomanda estimates the enterprise value of HARTSMIL LIMITED at £12.8m based on an EBITDA of £1.5m and a 8.31x industry multiple (adjusted for size and gross margin).
hartsmil limited Estimated Valuation
Pomanda estimates the enterprise value of HARTSMIL LIMITED at £18.9m based on Net Assets of £7m and 2.68x industry multiple (adjusted for liquidity).
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Hartsmil Limited Overview
Hartsmil Limited is a live company located in essex, EN9 2EW with a Companies House number of 01119865. It operates in the sewerage sector, SIC Code 37000. Founded in June 1973, it's largest shareholder is the travers family trust with a 26% stake. Hartsmil Limited is a mature, large sized company, Pomanda has estimated its turnover at £27m with rapid growth in recent years.
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Hartsmil Limited Health Check
Pomanda's financial health check has awarded Hartsmil Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
6 Regular
2 Weak
Size
annual sales of £27m, make it larger than the average company (£12.3m)
£27m - Hartsmil Limited
£12.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (8.3%)
36% - Hartsmil Limited
8.3% - Industry AVG
Production
with a gross margin of 22.5%, this company has a comparable cost of product (24.5%)
22.5% - Hartsmil Limited
24.5% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (7%)
1.5% - Hartsmil Limited
7% - Industry AVG
Employees
with 219 employees, this is above the industry average (81)
219 - Hartsmil Limited
81 - Industry AVG
Pay Structure
on an average salary of £44.4k, the company has an equivalent pay structure (£45.5k)
£44.4k - Hartsmil Limited
£45.5k - Industry AVG
Efficiency
resulting in sales per employee of £123.1k, this is equally as efficient (£119.4k)
£123.1k - Hartsmil Limited
£119.4k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is near the average (57 days)
60 days - Hartsmil Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 37 days, this is close to average (35 days)
37 days - Hartsmil Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (3 days)
0 days - Hartsmil Limited
3 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (28 weeks)
2 weeks - Hartsmil Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70%, this is a similar level of debt than the average (64.4%)
70% - Hartsmil Limited
64.4% - Industry AVG
HARTSMIL LIMITED financials
Hartsmil Limited's latest turnover from December 2023 is £27 million and the company has net assets of £7 million. According to their latest financial statements, Hartsmil Limited has 219 employees and maintains cash reserves of £341.7 thousand 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 | 26,950,989 | 15,287,512 | 16,092,833 | 10,682,118 | 10,965,996 | 12,340,051 | 11,421,711 | 12,247,383 | 10,036,421 | 11,764,456 | 13,571,920 | 9,496,833 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 20,875,713 | 11,677,098 | 9,708,032 | 7,117,302 | 7,423,558 | 9,127,478 | 8,076,870 | 8,341,672 | 7,092,730 | 8,637,109 | 9,988,829 | 6,842,939 | |||
| Gross Profit | 6,075,276 | 3,610,414 | 6,384,801 | 3,564,816 | 3,542,438 | 3,212,573 | 3,344,841 | 3,905,711 | 2,943,691 | 3,127,347 | 3,583,091 | 2,653,894 | |||
| Admin Expenses | 5,680,071 | 3,692,577 | 3,084,339 | 2,669,284 | 3,001,144 | 2,301,281 | 2,410,970 | 3,028,284 | 2,142,677 | 2,552,929 | 3,009,872 | 2,036,238 | |||
| Operating Profit | 395,205 | -82,163 | 3,300,462 | 895,532 | 541,294 | 911,292 | 933,871 | 877,427 | 801,014 | 574,418 | 573,219 | 617,656 | |||
| Interest Payable | 574,495 | 162,581 | 196,261 | 232,580 | 237,032 | 220,652 | 226,529 | 153,629 | 121,324 | 105,382 | 151,230 | 137,972 | |||
| Interest Receivable | 22,626 | 2,724 | 9,720 | 0 | 0 | 0 | 0 | 0 | 9,019 | 39,934 | 0 | 0 | |||
| Pre-Tax Profit | -135,674 | -48,773 | 6,506,747 | 2,026,369 | 807,386 | 690,640 | 707,242 | 723,798 | 688,709 | 508,970 | 421,989 | 479,684 | |||
| Tax | -337,518 | -561,620 | -1,262,133 | -401,676 | -55,516 | -158,473 | -188,998 | -160,454 | -120,789 | -91,431 | -111,446 | -131,244 | |||
| Profit After Tax | -473,192 | -610,393 | 5,244,614 | 1,624,693 | 751,870 | 532,167 | 518,244 | 563,344 | 567,920 | 417,539 | 310,543 | 348,440 | |||
| Dividends Paid | 375,000 | 375,000 | 375,000 | 262,500 | 175,000 | 750,000 | 897,500 | 651,667 | 555,000 | 295,000 | 0 | 0 | |||
| Retained Profit | -848,192 | -985,393 | 4,869,614 | 1,362,193 | 576,870 | -217,833 | -379,256 | -88,323 | 12,920 | 122,539 | 310,543 | 348,440 | |||
| Employee Costs | 9,727,008 | 5,820,613 | 4,732,152 | 3,723,636 | 3,943,124 | 3,870,468 | 3,661,716 | 2,958,493 | 2,858,417 | 3,296,710 | 4,141,662 | 3,531,436 | |||
| Number Of Employees | 219 | 131 | 100 | 91 | 97 | 108 | 110 | 75 | 71 | 81 | 100 | 91 | |||
| EBITDA* | 1,545,825 | 532,231 | 3,782,473 | 1,324,228 | 1,317,918 | 1,078,775 | 1,235,628 | 1,840,540 | 1,356,881 | 991,065 | 927,650 | 985,999 |
* 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 | 8,927,859 | 8,051,074 | 4,818,453 | 6,302,060 | 6,383,584 | 7,254,228 | 7,836,260 | 6,771,449 | 5,756,805 | 1,990,741 | 2,290,915 | 1,731,320 | 0 | 0 | 0 |
| Intangible Assets | 877,689 | 1,003,073 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 7,274,245 | 7,253,255 | 7,060,008 | 3,650,000 | 2,250,000 | 1,746,876 | 0 | 100 | 100 | 100 | 100 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 17,079,793 | 16,307,402 | 11,878,461 | 9,952,060 | 8,633,584 | 9,001,104 | 7,836,260 | 6,771,549 | 5,756,905 | 1,990,841 | 2,291,015 | 1,731,320 | 0 | 0 | 0 |
| Stock & work in progress | 13,518 | 60,835 | 28,695 | 6,035 | 5,000 | 5,000 | 34,797 | 34,849 | 39,541 | 48,949 | 46,655 | 65,680 | 0 | 0 | 0 |
| Trade Debtors | 4,481,171 | 4,000,425 | 2,575,072 | 2,774,173 | 2,243,304 | 3,982,313 | 3,268,092 | 3,020,510 | 2,680,579 | 2,216,127 | 2,802,966 | 2,870,683 | 0 | 0 | 0 |
| Group Debtors | 0 | 17,372 | 722,742 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,600,147 | 1,969,388 | 681,094 | 0 | 433,915 | 270,283 | 253,202 | 202,910 | 191,355 | 43,470 | 261,533 | 127,220 | 0 | 0 | 0 |
| Cash | 341,713 | 611,375 | 450,076 | 311,160 | 279,737 | 8,159 | 208,698 | 45,921 | 64,907 | 603,085 | 30,530 | 55,749 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,436,549 | 6,659,395 | 4,457,679 | 3,091,368 | 2,961,956 | 4,265,755 | 3,764,789 | 3,304,190 | 2,976,382 | 2,911,631 | 3,141,684 | 3,119,332 | 0 | 0 | 0 |
| total assets | 23,516,342 | 22,966,797 | 16,336,140 | 13,043,428 | 11,595,540 | 13,266,859 | 11,601,049 | 10,075,739 | 8,733,287 | 4,902,472 | 5,432,699 | 4,850,652 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 100,999 | 85,863 | 18,093 | 0 | 95,551 | 96,314 | 57,759 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 196,363 | 185,285 | 175,933 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,155,012 | 1,739,483 | 694,430 | 598,842 | 574,838 | 986,065 | 729,627 | 623,252 | 496,936 | 506,791 | 668,676 | 594,295 | 0 | 0 | 0 |
| Group/Directors Accounts | 139,533 | 204,224 | 123,750 | 135,090 | 154,181 | 540,965 | 409,117 | 328,535 | 80,265 | 104,046 | 13,823 | 8,241 | 0 | 0 | 0 |
| other short term finances | 1,108,635 | 1,288,813 | 0 | 47,000 | 47,000 | 15,667 | 0 | 0 | 675,736 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 503,619 | 831,278 | 863,584 | 933,130 | 960,092 | 929,604 | 0 | 168,221 | 182,632 | 74,191 | 0 | 0 | 0 |
| other current liabilities | 3,943,865 | 3,450,719 | 2,904,073 | 2,217,418 | 2,443,253 | 3,517,386 | 2,830,190 | 2,114,217 | 1,952,618 | 1,759,221 | 2,008,391 | 2,243,302 | 0 | 0 | 0 |
| total current liabilities | 7,347,045 | 6,683,239 | 4,225,872 | 4,025,991 | 4,268,141 | 6,270,145 | 5,014,889 | 4,013,701 | 3,205,555 | 2,633,830 | 2,969,836 | 2,977,788 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 2,305,602 | 2,169,305 | 2,400,610 | 906,249 | 123,361 | 239,552 | 407,315 | 567,155 | 850,244 | 0 | 0 | 0 |
| hp & lease commitments | 5,543,873 | 5,096,944 | 1,024,760 | 1,233,941 | 1,371,893 | 1,510,773 | 2,403,747 | 2,455,257 | 1,695,937 | 433,054 | 601,274 | 8,775 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 249,402 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 3,328,500 | 2,990,500 | 1,654,000 | 916,000 | 586,500 | 590,000 | 487,500 | 316,500 | 337,000 | 61,000 | 49,700 | 79,654 | 0 | 0 | 0 |
| total long term liabilities | 9,121,775 | 8,087,444 | 2,678,760 | 4,455,543 | 4,127,698 | 4,501,383 | 3,797,496 | 2,895,118 | 2,272,489 | 901,369 | 1,218,129 | 938,673 | 0 | 0 | 0 |
| total liabilities | 16,468,820 | 14,770,683 | 6,904,632 | 8,481,534 | 8,395,839 | 10,771,528 | 8,812,385 | 6,908,819 | 5,478,044 | 3,535,199 | 4,187,965 | 3,916,461 | 0 | 0 | 0 |
| net assets | 7,047,522 | 8,196,114 | 9,431,508 | 4,561,894 | 3,199,701 | 2,495,331 | 2,788,664 | 3,166,920 | 3,255,243 | 1,367,273 | 1,244,734 | 934,191 | 0 | 0 | 0 |
| total shareholders funds | 7,047,522 | 8,196,114 | 9,431,508 | 4,561,894 | 3,199,701 | 2,495,331 | 2,788,664 | 3,166,920 | 3,255,243 | 1,367,273 | 1,244,734 | 934,191 | 0 | 0 | 0 |
| 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 | 395,205 | -82,163 | 3,300,462 | 895,532 | 541,294 | 911,292 | 933,871 | 877,427 | 801,014 | 574,418 | 573,219 | 617,656 | |||
| Depreciation | 1,025,236 | 593,359 | 482,011 | 428,696 | 776,624 | 167,483 | 301,757 | 963,113 | 555,867 | 416,647 | 354,431 | 368,343 | |||
| Amortisation | 125,384 | 21,035 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | -337,518 | -561,620 | -1,262,133 | -401,676 | -55,516 | -158,473 | -188,998 | -160,454 | -120,789 | -91,431 | -111,446 | -131,244 | |||
| Stock | -47,317 | 32,140 | 22,660 | 1,035 | 0 | -29,797 | -52 | -4,692 | -9,408 | 2,294 | -19,025 | 65,680 | 0 | 0 | 0 |
| Debtors | 94,133 | 2,008,277 | 1,204,735 | 96,954 | -1,575,377 | 731,302 | 297,874 | 351,486 | 612,337 | -804,902 | 66,596 | 2,997,903 | 0 | 0 | 0 |
| Creditors | 415,529 | 1,045,053 | 95,588 | 24,004 | -411,227 | 256,438 | 106,375 | 126,316 | -9,855 | -161,885 | 74,381 | 594,295 | 0 | 0 | 0 |
| Accruals and Deferred Income | 493,146 | 546,646 | 686,655 | -225,835 | -1,074,133 | 687,196 | 715,973 | 161,599 | 193,397 | -249,170 | -234,911 | 2,243,302 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 338,000 | 1,336,500 | 738,000 | 329,500 | -3,500 | 102,500 | 171,000 | -20,500 | 276,000 | 11,300 | -29,954 | 79,654 | 0 | 0 | 0 |
| Cash flow from operations | 2,408,166 | 858,393 | 2,813,188 | 952,232 | 1,348,919 | 1,264,931 | 1,742,156 | 1,600,707 | 1,092,705 | 1,302,487 | 578,149 | 708,423 | |||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -1,322,083 | 394,000 | 67,650 | 5,550 | 0 | -378,938 | 0 | |||
| Change in Investments | 20,990 | 193,247 | 3,410,008 | 1,400,000 | 503,124 | 1,746,876 | -100 | 0 | 0 | 0 | 100 | 0 | 0 | 0 | 0 |
| cash flow from investments | -20,990 | -193,247 | -3,410,008 | -1,400,000 | -503,124 | -3,068,959 | 394,100 | 67,650 | 5,550 | 0 | -379,038 | 0 | |||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | -196,363 | 11,078 | 9,352 | 175,933 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -64,691 | 80,474 | -11,340 | -19,091 | -386,784 | 131,848 | 80,582 | 248,270 | -23,781 | 90,223 | 5,582 | 8,241 | 0 | 0 | 0 |
| Other Short Term Loans | -180,178 | 1,288,813 | -47,000 | 0 | 31,333 | 15,667 | 0 | -675,736 | 675,736 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -2,305,602 | 136,297 | -231,305 | 1,494,361 | 782,888 | -116,191 | -167,763 | -159,840 | -283,089 | 850,244 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 446,929 | 3,568,565 | -536,840 | -170,258 | -208,426 | -919,936 | -21,022 | 1,688,924 | 1,094,662 | -182,631 | 700,940 | 82,966 | 0 | 0 | 0 |
| other long term liabilities | 249,402 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -551,869 | -159,857 | -186,541 | -232,580 | -237,032 | -220,652 | -226,529 | -153,629 | -112,305 | -65,448 | -151,230 | -137,972 | |||
| cash flow from financing | -400,807 | 4,527,994 | -3,283,686 | -274,554 | -895,362 | 601,721 | 616,919 | 991,638 | 3,341,599 | -317,696 | 272,203 | 1,389,230 | |||
| cash and cash equivalents | |||||||||||||||
| cash | -269,662 | 161,299 | 138,916 | 31,423 | 271,578 | -200,539 | 162,777 | -18,986 | -538,178 | 572,555 | -25,219 | 55,749 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | -100,999 | 15,136 | 67,770 | 18,093 | -95,551 | -763 | 38,555 | 57,759 | 0 | 0 | 0 |
| change in cash | -269,662 | 161,299 | 138,916 | 31,423 | 372,577 | -215,675 | 95,007 | -37,079 | -442,627 | 573,318 | -63,774 | -2,010 | 0 | 0 | 0 |
hartsmil limited Credit Report and Business Information
Hartsmil Limited Competitor Analysis
Perform a competitor analysis for hartsmil limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other large companies, companies in EN9 area or any other competitors across 12 key performance metrics.
hartsmil limited Ownership
HARTSMIL LIMITED group structure
Hartsmil Limited has 4 subsidiary companies.
Ultimate parent company
HARTSMIL LIMITED
01119865
4 subsidiaries
hartsmil limited directors
Hartsmil Limited currently has 5 directors. The longest serving directors include Mr Roderick Travers (Dec 1990) and Mr Martin Travers (Dec 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Roderick Travers | England | 79 years | Dec 1990 | - | Director |
| Mr Martin Travers | England | 47 years | Dec 2013 | - | Director |
| Mrs Margaret Travers | England | 70 years | Mar 2017 | - | Director |
| Mr Malcolm Travers | England | 49 years | Mar 2017 | - | Director |
| Ms Michelle Travers | England | 46 years | Mar 2017 | - | Director |
P&L
December 2023turnover
27m
+76%
operating profit
395.2k
-581%
gross margin
22.6%
-4.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7m
-0.14%
total assets
23.5m
+0.02%
cash
341.7k
-0.44%
net assets
Total assets minus all liabilities
hartsmil limited company details
company number
01119865
Type
Private limited with Share Capital
industry
37000 - Sewerage
incorporation date
June 1973
age
51
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
biomarsh holdings ltd (November 2022)
travers piggeries limited (June 2011)
accountant
-
auditor
STERLING GROVE ACCOUNTANTS LIMITED
address
peartree farm holyfield, waltham abbey, essex, EN9 2EW
Bank
-
Legal Advisor
-
hartsmil 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 16 charges/mortgages relating to hartsmil limited. Currently there are 3 open charges and 13 have been satisfied in the past.
hartsmil limited Companies House Filings - See Documents
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