harris commercial repairs limited

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harris commercial repairs limited Company Information

Share HARRIS COMMERCIAL REPAIRS LIMITED

Company Number

01154158

Shareholders

harris holdings (grays) ltd

Group Structure

View All

Industry

Retail trade of motor vehicle parts and accessories

 +1

Registered Address

601 london road, west thurrock, essex, RM20 4AU

harris commercial repairs limited Estimated Valuation

£38.6m

Pomanda estimates the enterprise value of HARRIS COMMERCIAL REPAIRS LIMITED at £38.6m based on a Turnover of £65.4m and 0.59x industry multiple (adjusted for size and gross margin).

harris commercial repairs limited Estimated Valuation

£19.7m

Pomanda estimates the enterprise value of HARRIS COMMERCIAL REPAIRS LIMITED at £19.7m based on an EBITDA of £2.8m and a 7.01x industry multiple (adjusted for size and gross margin).

harris commercial repairs limited Estimated Valuation

£23.6m

Pomanda estimates the enterprise value of HARRIS COMMERCIAL REPAIRS LIMITED at £23.6m based on Net Assets of £8.9m and 2.64x industry multiple (adjusted for liquidity).

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Harris Commercial Repairs Limited Overview

Harris Commercial Repairs Limited is a live company located in essex, RM20 4AU with a Companies House number of 01154158. It operates in the sale of other motor vehicles sector, SIC Code 45190. Founded in January 1974, it's largest shareholder is harris holdings (grays) ltd with a 100% stake. Harris Commercial Repairs Limited is a mature, large sized company, Pomanda has estimated its turnover at £65.4m with high growth in recent years.

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Harris Commercial Repairs Limited Health Check

Pomanda's financial health check has awarded Harris Commercial Repairs Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £65.4m, make it larger than the average company (£14.7m)

£65.4m - Harris Commercial Repairs Limited

£14.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (12%)

18% - Harris Commercial Repairs Limited

12% - Industry AVG

production

Production

with a gross margin of 18%, this company has a comparable cost of product (20.7%)

18% - Harris Commercial Repairs Limited

20.7% - Industry AVG

profitability

Profitability

an operating margin of 3.6% make it as profitable than the average company (4%)

3.6% - Harris Commercial Repairs Limited

4% - Industry AVG

employees

Employees

with 150 employees, this is above the industry average (47)

150 - Harris Commercial Repairs Limited

47 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.4k, the company has a higher pay structure (£37.7k)

£48.4k - Harris Commercial Repairs Limited

£37.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £435.8k, this is more efficient (£357.6k)

£435.8k - Harris Commercial Repairs Limited

£357.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 36 days, this is later than average (27 days)

36 days - Harris Commercial Repairs Limited

27 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 144 days, this is slower than average (47 days)

144 days - Harris Commercial Repairs Limited

47 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 146 days, this is more than average (75 days)

146 days - Harris Commercial Repairs Limited

75 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (10 weeks)

3 weeks - Harris Commercial Repairs Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 72.1%, this is a similar level of debt than the average (68.6%)

72.1% - Harris Commercial Repairs Limited

68.6% - Industry AVG

HARRIS COMMERCIAL REPAIRS LIMITED financials

EXPORTms excel logo

Harris Commercial Repairs Limited's latest turnover from March 2024 is £65.4 million and the company has net assets of £8.9 million. According to their latest financial statements, Harris Commercial Repairs Limited has 150 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover65,364,78959,298,98346,686,00639,290,96939,629,06131,494,63416,858,96916,344,43616,569,01916,897,43715,267,06214,753,37915,358,92913,659,28712,287,906
Other Income Or Grants
Cost Of Sales53,570,05149,196,16338,282,97132,300,15332,553,01624,886,75610,567,05910,385,99610,449,74010,859,5719,820,1559,741,34110,465,7878,836,2497,622,423
Gross Profit11,794,73810,102,8208,403,0356,990,8167,076,0456,607,8786,291,9105,958,4406,119,2796,037,8665,446,9075,012,0384,893,1424,823,0384,665,483
Admin Expenses9,430,6448,069,8186,822,9305,554,9466,219,0025,706,4985,754,2515,436,7885,218,0425,220,2354,697,4614,191,9944,172,5314,087,2924,192,662
Operating Profit2,364,0942,033,0021,580,1051,435,870857,043901,380537,659521,652901,237817,631749,446820,044720,611735,746472,821
Interest Payable740,991260,59587,171106,186143,9795531442638425261,47227788179
Interest Receivable83,6572,3984205,0906,6635,8515,4634,9113,104
Pre-Tax Profit1,706,7601,774,8051,492,9341,329,684713,064900,827537,658521,210901,594821,879755,583824,423725,797739,776475,846
Tax-460,169-349,454-298,236-260,228-151,701-177,041-107,315-110,144-183,390-176,965-181,502-203,486-196,611-215,061-66,100
Profit After Tax1,246,5911,425,3511,194,6981,069,456561,363723,786430,343411,066718,204644,914574,081620,937529,186524,715409,746
Dividends Paid350,000550,000750,000500,000500,000300,000250,000350,000250,000250,000250,000250,000500,000
Retained Profit896,591875,351444,698569,45661,363423,786180,34361,066468,204394,914574,081370,937279,18624,715409,746
Employee Costs7,256,1406,623,8895,517,1854,788,0694,999,7334,646,0024,609,3454,390,4884,213,5794,203,8553,832,6433,538,6393,374,5723,240,5733,352,845
Number Of Employees150138128124125120123115116114108999796100
EBITDA*2,811,0882,519,8201,868,2921,708,5381,194,0931,145,568733,278706,5171,095,4861,053,908965,0831,025,321926,876867,383621,918

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets1,129,5011,186,122641,970646,383655,429557,006469,467403,458407,943504,351540,834525,514408,686243,291221,933
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1,129,5011,186,122641,970646,383655,429557,006469,467403,458407,943504,351540,834525,514408,686243,291221,933
Stock & work in progress21,430,69622,229,91110,385,1469,137,4158,957,6778,134,7331,550,1551,511,2342,018,8221,445,1431,404,1421,308,6401,567,5511,465,9981,463,576
Trade Debtors6,531,6096,755,1864,460,1445,364,6483,905,0975,038,7682,614,8062,758,0812,662,2293,131,8572,914,3212,627,8262,426,6812,248,0782,341,614
Group Debtors82,6622731,0871066,75062,16659,50079,566
Misc Debtors1,301,4481,775,955777,464488,962280,618589,628366,017358,956185,707241,481175,535182,545224,211123,780243,580
Cash1,556,1384,290,1744,993,2875,833,2753,575,1396,793,1613,580,8723,066,1922,806,9422,668,0282,269,0332,198,4182,171,2131,432,7491,192,667
misc current assets
total current assets30,902,55335,051,49920,617,12820,824,31016,718,53720,563,0408,111,8507,694,4637,673,7007,486,5096,763,0316,379,5956,449,1565,350,1715,241,437
total assets32,032,05436,237,62121,259,09821,470,69317,373,96621,120,0468,581,3178,097,9218,081,6437,990,8607,303,8656,905,1096,857,8425,593,4625,463,370
Bank overdraft
Bank loan
Trade Creditors 21,172,07026,495,97212,504,06713,098,41710,165,12913,844,2551,796,4331,735,6741,666,6941,715,5151,719,3651,585,7522,170,3641,327,2941,265,780
Group/Directors Accounts16,9267,5017,50162,23065,01361,7284,975106,07039,161
other short term finances
hp & lease commitments109,999197,100110,400
other current liabilities1,598,0281,496,4521,304,0251,503,515998,1861,123,7201,059,884879,318988,1111,215,6161,025,7551,334,6931,073,751931,627848,603
total current liabilities22,897,02327,999,92514,005,19214,719,83311,225,54515,032,9882,918,0452,614,9922,659,7803,037,2012,745,1202,920,4453,244,1152,258,9212,153,544
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions200,514199,77091,33132,983
total long term liabilities200,514199,77091,33132,983
total liabilities23,097,53728,199,69514,096,52314,752,81611,225,54515,032,9882,918,0452,614,9922,659,7803,037,2012,745,1202,920,4453,244,1152,258,9212,153,544
net assets8,934,5178,037,9267,162,5756,717,8776,148,4216,087,0585,663,2725,482,9295,421,8634,953,6594,558,7453,984,6643,613,7273,334,5413,309,826
total shareholders funds8,934,5178,037,9267,162,5756,717,8776,148,4216,087,0585,663,2725,482,9295,421,8634,953,6594,558,7453,984,6643,613,7273,334,5413,309,826
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit2,364,0942,033,0021,580,1051,435,870857,043901,380537,659521,652901,237817,631749,446820,044720,611735,746472,821
Depreciation446,994486,818288,187272,668337,050244,188195,619184,865194,249236,277215,637205,277206,265131,637149,097
Amortisation
Tax-460,169-349,454-298,236-260,228-151,701-177,041-107,315-110,144-183,390-176,965-181,502-203,486-196,611-215,061-66,100
Stock-799,21511,844,7651,247,731179,738822,9446,584,57838,921-507,588573,67941,00195,502-258,911101,5532,4221,463,576
Debtors-615,6953,292,719-614,9251,667,899-1,449,4252,654,323-136,214269,101-525,402283,482217,319162,145258,968-133,7702,585,194
Creditors-5,323,90213,991,905-594,3502,933,288-3,679,12612,047,82260,75968,980-48,821-3,850133,613-584,612843,07061,5141,265,780
Accruals and Deferred Income101,576192,427-199,490505,329-125,53463,836180,566-108,793-227,505189,861-308,938260,942142,12483,024848,603
Deferred Taxes & Provisions744108,43958,34832,983
Cash flow from operations-1,455,7531,325,653201,7583,072,273-2,135,7873,841,284964,581795,047587,493738,471295,435594,9311,354,938928,208-1,378,569
Investing Activities
capital expenditure-390,373-1,030,970-283,774-263,622-435,473-331,727-261,628-180,380-97,841-199,794-230,957-322,105-371,660-152,995-371,030
Change in Investments
cash flow from investments-390,373-1,030,970-283,774-263,622-435,473-331,727-261,628-180,380-97,841-199,794-230,957-322,105-371,660-152,995-371,030
Financing Activities
Bank loans
Group/Directors Accounts9,4257,501-7,501-54,729-2,7833,28561,728-4,975-101,095106,070-39,16139,161
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments109,999-197,10086,700110,400
other long term liabilities
share issue2,900,080
interest-657,334-258,197-87,171-106,186-143,979-553-1-4423574,2486,1374,3795,1864,0303,025
cash flow from financing-537,910-447,796-7,972-50,515-146,7622,73261,727-5,417-100,738110,3186,1374,3795,186-35,1312,942,266
cash and cash equivalents
cash-2,734,036-703,113-839,9882,258,136-3,218,0223,212,289514,680259,250138,914398,99570,61527,205738,464240,0821,192,667
overdraft
change in cash-2,734,036-703,113-839,9882,258,136-3,218,0223,212,289514,680259,250138,914398,99570,61527,205738,464240,0821,192,667

harris commercial repairs 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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Harris Commercial Repairs Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for harris commercial repairs limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in RM20 area or any other competitors across 12 key performance metrics.

harris commercial repairs limited Ownership

HARRIS COMMERCIAL REPAIRS LIMITED group structure

Harris Commercial Repairs Limited has no subsidiary companies.

Ultimate parent company

1 parent

HARRIS COMMERCIAL REPAIRS LIMITED

01154158

HARRIS COMMERCIAL REPAIRS LIMITED Shareholders

harris holdings (grays) ltd 100%

harris commercial repairs limited directors

Harris Commercial Repairs Limited currently has 5 directors. The longest serving directors include Mr Frank Harris (May 1997) and Mrs Danielle Van Der Wiel (May 1997).

officercountryagestartendrole
Mr Frank Harris60 years May 1997- Director
Mrs Danielle Van Der Wiel62 years May 1997- Director
Mrs Francesca Harlow38 years Dec 2014- Director
Mr James Selway35 years Dec 2014- Director
Mr Peter Harlow40 years Oct 2016- Director

P&L

March 2024

turnover

65.4m

+10%

operating profit

2.4m

+16%

gross margin

18.1%

+5.91%

turnover

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

Balance Sheet

March 2024

net assets

8.9m

+0.11%

total assets

32m

-0.12%

cash

1.6m

-0.64%

net assets

Total assets minus all liabilities

harris commercial repairs limited company details

company number

01154158

Type

Private limited with Share Capital

industry

45320 - Retail trade of motor vehicle parts and accessories

45190 - Sale of other motor vehicles

incorporation date

January 1974

age

51

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

ROWLAND HALL

address

601 london road, west thurrock, essex, RM20 4AU

Bank

BARCLAYS BANK PLC

Legal Advisor

-

harris commercial repairs 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 2 charges/mortgages relating to harris commercial repairs limited. Currently there are 0 open charges and 2 have been satisfied in the past.

harris commercial repairs 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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harris commercial repairs limited Companies House Filings - See Documents

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