a. hingley & son (timber) limited

a. hingley & son (timber) limited Company Information

Share A. HINGLEY & SON (TIMBER) LIMITED
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Company Number

01145225

Industry

Silviculture and other forestry activities

 

Support services to forestry

 

Shareholders

richard guy hingley

andrew john hingley

Group Structure

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Contact

Registered Address

nether lane, hazelwood, belper, derbyshire, DE56 4AP

a. hingley & son (timber) limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of A. HINGLEY & SON (TIMBER) LIMITED at £1.1m based on a Turnover of £2.2m and 0.47x industry multiple (adjusted for size and gross margin).

a. hingley & son (timber) limited Estimated Valuation

£982.9k

Pomanda estimates the enterprise value of A. HINGLEY & SON (TIMBER) LIMITED at £982.9k based on an EBITDA of £314.1k and a 3.13x industry multiple (adjusted for size and gross margin).

a. hingley & son (timber) limited Estimated Valuation

£953.4k

Pomanda estimates the enterprise value of A. HINGLEY & SON (TIMBER) LIMITED at £953.4k based on Net Assets of £748.6k and 1.27x industry multiple (adjusted for liquidity).

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A. Hingley & Son (timber) Limited Overview

A. Hingley & Son (timber) Limited is a live company located in belper, DE56 4AP with a Companies House number of 01145225. It operates in the silviculture and other forestry activities sector, SIC Code 02100. Founded in November 1973, it's largest shareholder is richard guy hingley with a 50% stake. A. Hingley & Son (timber) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with healthy growth in recent years.

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A. Hingley & Son (timber) Limited Health Check

Pomanda's financial health check has awarded A. Hingley & Son (Timber) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £2.2m, make it larger than the average company (£1.2m)

£2.2m - A. Hingley & Son (timber) Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (9.7%)

14% - A. Hingley & Son (timber) Limited

9.7% - Industry AVG

production

Production

with a gross margin of 14.1%, this company has a higher cost of product (27.7%)

14.1% - A. Hingley & Son (timber) Limited

27.7% - Industry AVG

profitability

Profitability

an operating margin of 13.5% make it more profitable than the average company (5.3%)

13.5% - A. Hingley & Son (timber) Limited

5.3% - Industry AVG

employees

Employees

with 14 employees, this is above the industry average (9)

14 - A. Hingley & Son (timber) Limited

9 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.8k, the company has an equivalent pay structure (£34.8k)

£34.8k - A. Hingley & Son (timber) Limited

£34.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £159.5k, this is more efficient (£113.5k)

£159.5k - A. Hingley & Son (timber) Limited

£113.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 102 days, this is later than average (42 days)

102 days - A. Hingley & Son (timber) Limited

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 102 days, this is slower than average (32 days)

102 days - A. Hingley & Son (timber) Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 25 days, this is less than average (51 days)

25 days - A. Hingley & Son (timber) Limited

51 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (46 weeks)

0 weeks - A. Hingley & Son (timber) Limited

46 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 49.6%, this is a higher level of debt than the average (37.2%)

49.6% - A. Hingley & Son (timber) Limited

37.2% - Industry AVG

A. HINGLEY & SON (TIMBER) LIMITED financials

EXPORTms excel logo

A. Hingley & Son (Timber) Limited's latest turnover from November 2023 is estimated at £2.2 million and the company has net assets of £748.6 thousand. According to their latest financial statements, A. Hingley & Son (Timber) Limited has 14 employees and maintains cash reserves of £9.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Turnover2,232,8621,643,6621,920,0301,500,9321,532,8691,491,3511,553,6771,349,8452,016,1872,097,7332,348,2041,902,7841,613,5731,743,0500
Other Income Or Grants000000000000000
Cost Of Sales1,917,6881,417,1301,679,8881,273,7981,270,3161,216,8391,238,6391,126,7171,712,4651,796,3161,909,6501,521,4821,226,4881,361,4880
Gross Profit315,174226,532240,142227,134262,553274,511315,038223,128303,722301,417438,554381,302387,085381,5620
Admin Expenses13,36325,63658,653134,454239,400245,448288,362139,347405,728160,950497,022413,189331,979319,968219,800
Operating Profit301,811200,896181,48992,68023,15329,06326,67683,781-102,006140,467-58,468-31,88755,10661,594-219,800
Interest Payable10,58919,08118,10621,62024,18024,58921,3418,4980000000
Interest Receivable555248554036261530333434333216
Pre-Tax Profit291,777182,064163,38971,065-9874,5105,36075,298-101,976140,500-58,434-31,85355,13961,626-219,784
Tax-72,944-34,592-31,044-13,5020-857-1,018-15,0590-29,50500-14,336-17,2550
Profit After Tax218,833147,472132,34557,563-9873,6534,34260,238-101,976110,995-58,434-31,85340,80344,371-219,784
Dividends Paid000000000000000
Retained Profit218,833147,472132,34557,563-9873,6534,34260,238-101,976110,995-58,434-31,85340,80344,371-219,784
Employee Costs487,168467,847412,141412,650397,194415,102370,710148,500175,791204,422325,123230,028194,746196,7960
Number Of Employees14141414141414567118770
EBITDA*314,076213,669192,807105,51239,80247,58137,31797,060-88,112152,297-37,814-9,06777,35387,356-192,524

* Earnings Before Interest, Tax, Depreciation and Amortisation

Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Tangible Assets689,786702,051692,324689,017701,849718,498682,807693,448706,727696,171586,236601,390620,360620,107645,869
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets689,786702,051692,324689,017701,849718,498682,807693,448706,727696,171586,236601,390620,360620,107645,869
Stock & work in progress136,050139,596133,500116,657111,174130,82595,31247,69681,478120,81396,015134,058105,259121,606179,038
Trade Debtors627,416480,915606,568408,001419,940402,155447,548311,574402,461428,369423,579395,014450,059377,920396,115
Group Debtors000000000000000
Misc Debtors22,04123,28522,69820,86124,81222,60622,34220,8500000000
Cash9,66411,4845,0785,5295,3835,3434,2336,0295,9075,9777,1546,3427,1126,2006,565
misc current assets000000000000000
total current assets795,171655,280767,844551,048561,309560,929569,435386,149489,846555,159526,748535,414562,430505,726581,718
total assets1,484,9571,357,3311,460,1681,240,0651,263,1581,279,4271,252,2421,079,5971,196,5731,251,3301,112,9841,136,8041,182,7901,125,8331,227,587
Bank overdraft21,612166,629257,386336,248372,593343,866384,709271,9450000000
Bank loan000000000000000
Trade Creditors 538,826521,849734,170577,143580,614629,650589,652530,2761,060,9991,023,321991,470950,138955,359947,4431,078,502
Group/Directors Accounts0000005,62000000000
other short term finances000000000000000
hp & lease commitments001,9545,8325,83213,2323,0917,3350000000
other current liabilities160,508115,66784,32168,895103,90385,64379,40781,5640000000
total current liabilities720,946804,1451,077,831988,1181,062,9421,072,3911,062,479891,1201,060,9991,023,321991,470950,138955,359947,4431,078,502
loans000000000000000
hp & lease commitments0001,9557,78713,62003,0560000000
Accruals and Deferred Income000000000000000
other liabilities15,36923,37700000010,3918505,35012,06820,98012,74227,808
provisions000000000000000
total long term liabilities15,36923,37701,9557,78713,62003,05610,3918505,35012,06820,98012,74227,808
total liabilities736,315827,5221,077,831990,0731,070,7291,086,0111,062,479894,1761,071,3901,024,171996,820962,206976,339960,1851,106,310
net assets748,642529,809382,337249,992192,429193,416189,763185,421125,183227,159116,164174,598206,451165,648121,277
total shareholders funds748,642529,809382,337249,992192,429193,416189,763185,421125,183227,159116,164174,598206,451165,648121,277
Nov 2023Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Operating Activities
Operating Profit301,811200,896181,48992,68023,15329,06326,67683,781-102,006140,467-58,468-31,88755,10661,594-219,800
Depreciation12,26512,77311,31812,83216,64918,51810,64113,27913,89411,83020,65422,82022,24725,76227,276
Amortisation000000000000000
Tax-72,944-34,592-31,044-13,5020-857-1,018-15,0590-29,50500-14,336-17,2550
Stock-3,5466,09616,8435,483-19,65135,51347,616-33,782-39,33524,798-38,04328,799-16,347-57,432179,038
Debtors145,257-125,066200,404-15,89019,991-45,129137,466-70,037-25,9084,79028,565-55,04572,139-18,195396,115
Creditors16,977-212,321157,027-3,471-49,03639,99859,376-530,72337,67831,85141,332-5,2217,916-131,0591,078,502
Accruals and Deferred Income44,84131,34615,426-35,00818,2606,236-2,15781,5640000000
Deferred Taxes & Provisions000000000000000
Cash flow from operations161,239117,072116,96963,9388,686102,574-91,564-263,33914,809125,05512,99611,95815,14114,669310,825
Investing Activities
capital expenditure0-22,500-14,62500-54,20900-24,450-121,765-5,500-3,850-22,5000-673,145
Change in Investments000000000000000
cash flow from investments0-22,500-14,62500-54,20900-24,450-121,765-5,500-3,850-22,5000-673,145
Financing Activities
Bank loans000000000000000
Group/Directors Accounts00000-5,6205,62000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments0-1,954-5,833-5,832-13,23323,761-7,30010,3910000000
other long term liabilities-8,00823,37700000-10,3919,541-4,500-6,718-8,9128,238-15,06627,808
share issue00000000000000341,061
interest-10,034-18,833-18,101-21,615-24,140-24,553-21,315-8,48330333434333216
cash flow from financing-18,0422,590-23,934-27,447-37,373-6,412-22,995-8,4839,571-4,467-6,684-8,8788,271-15,034368,885
cash and cash equivalents
cash-1,8206,406-451146401,110-1,796122-70-1,177812-770912-3656,565
overdraft-145,017-90,757-78,862-36,34528,727-40,843112,764271,9450000000
change in cash143,19797,16378,41136,491-28,68741,953-114,560-271,823-70-1,177812-770912-3656,565

a. hingley & son (timber) 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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A. Hingley & Son (timber) Limited Competitor Analysis

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Perform a competitor analysis for a. hingley & son (timber) limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other small companies, companies in DE56 area or any other competitors across 12 key performance metrics.

a. hingley & son (timber) limited Ownership

A. HINGLEY & SON (TIMBER) LIMITED group structure

A. Hingley & Son (Timber) Limited has no subsidiary companies.

Ultimate parent company

A. HINGLEY & SON (TIMBER) LIMITED

01145225

A. HINGLEY & SON (TIMBER) LIMITED Shareholders

richard guy hingley 50%
andrew john hingley 50%

a. hingley & son (timber) limited directors

A. Hingley & Son (Timber) Limited currently has 2 directors. The longest serving directors include Mr Richard Hingley (Jul 1991) and Mr Andrew Hingley (Jul 1991).

officercountryagestartendrole
Mr Richard Hingley64 years Jul 1991- Director
Mr Andrew Hingley67 years Jul 1991- Director

P&L

November 2023

turnover

2.2m

+36%

operating profit

301.8k

0%

gross margin

14.2%

+2.42%

turnover

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

Balance Sheet

November 2023

net assets

748.6k

+0.41%

total assets

1.5m

+0.09%

cash

9.7k

-0.16%

net assets

Total assets minus all liabilities

a. hingley & son (timber) limited company details

company number

01145225

Type

Private limited with Share Capital

industry

02100 - Silviculture and other forestry activities

02400 - Support services to forestry

incorporation date

November 1973

age

52

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

November 2023

previous names

N/A

accountant

-

auditor

-

address

nether lane, hazelwood, belper, derbyshire, DE56 4AP

Bank

HSBC BANK PLC

Legal Advisor

-

a. hingley & son (timber) 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 6 charges/mortgages relating to a. hingley & son (timber) limited. Currently there are 6 open charges and 0 have been satisfied in the past.

a. hingley & son (timber) 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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a. hingley & son (timber) limited Companies House Filings - See Documents

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