Hi-way Hi-fi Limited

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hi-way hi-fi limited Company Information

Company Number

01352654

Next Accounts

Dec 2025

Directors

Arvind Mehta

Nimish Mehta

Shareholders

jyotika arvind mehta

arvind mithalal mehta

Group Structure

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Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Registered Address

magnolia house, spring villa par, 11 spring villa road, edgware, HA8 7EB

Website

http://euronics.co.uk

hi-way hi-fi limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of HI-WAY HI-FI LIMITED at £3.1m based on Net Assets of £1.9m and 1.66x industry multiple (adjusted for liquidity).

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Hi-way Hi-fi Limited is a live company located in edgware, HA8 7EB with a Companies House number of 01352654. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in February 1978, it's largest shareholder is jyotika arvind mehta with a 50% stake. Hi-way Hi-fi Limited is a mature, micro sized company, Pomanda has estimated its turnover at £383.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Hi-Way Hi-Fi Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

4 Regular

4 Weak

Size

annual sales of £383.5k, make it smaller than the average company (£865.9k)

Growth

3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (4%)

EXPORT

Hi-Way Hi-Fi Limited's latest turnover from March 2024 is estimated at £383.5 thousand and the company has net assets of £1.9 million. According to their latest financial statements, Hi-Way Hi-Fi Limited has 4 employees and maintains cash reserves of £429.8 thousand 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	383,500	333,113	2,442,076	815,241	684,244	192,963	191,634	146,380	946,475	1,494,844	2,568,029	4,404,223	4,091,679	4,043,416	4,806,937
Other Income Or Grants
Cost Of Sales	109,363	97,836	723,373	234,222	198,834	55,744	54,777	42,168	286,376	531,921	2,260,902	3,698,238	3,436,229	3,391,902	4,120,036
Gross Profit	274,137	235,277	1,718,703	581,018	485,410	137,219	136,857	104,212	660,100	962,922	307,127	705,985	655,450	651,514	686,901
Admin Expenses	340,977	1,182,536	2,028,298	612,791	-2,242,784	130,116	417,614	183,379	3,869	1,075,693	567,721	634,299	565,539	661,863	659,636
Operating Profit	-66,840	-947,259	-309,595	-31,773	2,728,194	7,103	-280,757	-79,167	656,231	-112,771	-260,594	71,686	89,911	-10,349	27,265
Interest Payable	10,820	6,014			4	9	9	13,282	29,569	35,881	25,907	18,467	34,781	27,890	26,844
Interest Receivable	14,655	2,731			52	783	776	292	132	88			1,277
Pre-Tax Profit	-63,005	-950,542	-309,595	-31,773	2,728,242	7,878	-279,990	-92,157	626,794	-148,564	45,389	53,219	56,407	-38,239	421
Tax					-518,366	-1,497			-125,359		-20,545	-33,800	-11,831	-3,085	-3,495
Profit After Tax	-63,005	-950,542	-309,595	-31,773	2,209,876	6,381	-279,990	-92,157	501,435	-148,564	24,844	19,419	44,576	-41,324	-3,074
Dividends Paid
Retained Profit	-63,005	-950,542	-309,595	-31,773	2,209,876	6,381	-279,990	-92,157	501,435	-148,564	24,844	19,419	44,576	-41,324	-3,074
Employee Costs	141,516	99,628	497,614	187,531	132,401	65,697	61,366	60,572	191,816	244,373	317,989	314,798	328,038	365,289	386,284
Number Of Employees	4	3	15	6	4	2	2	2	6	8	15	14	15	15	17
EBITDA*	-66,840	-947,259	-309,595	-31,773	2,728,194	7,103	-223,781	-18,693	670,364	-58,950	-207,823	126,230	146,606	48,148	88,436

* 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			2,400,000	2,400,000	2,400,000		2,400,000	2,507,033	2,567,507	1,473,383	1,510,206	1,574,088	1,623,644	1,673,406	1,724,406
Intangible Assets
Investments & Other	2,400,000	2,400,000				2,400,000
Debtors (Due After 1 year)
Total Fixed Assets	2,400,000	2,400,000	2,400,000	2,400,000	2,400,000	2,400,000	2,400,000	2,507,033	2,567,507	1,473,383	1,510,206	1,574,088	1,623,644	1,673,406	1,724,406
Stock & work in progress								32,885	83,892	131,911	121,825	197,038	187,000	255,518	395,899
Trade Debtors	26,791	26,791	303,952	94,984	66,349		12,552	4,975	111,204	184,406	105,890	101,087	100,299	133,092	110,655
Group Debtors											515,246	488,928	393,217	392,717	398,717
Misc Debtors	80,300	134,980		1,406	16,859	2,961	311,636	436,189	895,429	445,038	52,334	55,067	70,326	66,200	52,381
Cash	429,766	128,528				103,709	105,175	205,159	28,289	24,402	10,717	15,274	25,631	80,777	70,584
misc current assets
total current assets	536,857	290,299	303,952	96,390	83,208	106,670	429,363	679,208	1,118,814	785,757	806,012	857,394	776,473	928,304	1,028,236
total assets	2,936,857	2,690,299	2,703,952	2,496,390	2,483,208	2,506,670	2,829,363	3,186,241	3,686,321	2,259,140	2,316,218	2,431,482	2,400,117	2,601,710	2,752,642
Bank overdraft	75,000	75,000				131	131	131	48,670	60,092	10,224	158,902	156,705	41,119	68,621
Bank loan											10,255	100,993	115,578	115,578	101,694
Trade Creditors	35,913	35,914	152,185	153,216	116,867	12,431	29,974	74,419	84,983	133,782	69,735	121,076	170,645	308,560	319,151
Group/Directors Accounts											61,510	48,000
other short term finances		10,000
hp & lease commitments													6,210	6,210	9,223
other current liabilities	18,126	32,903				130,389	397,432	118,865	298,647	150,347	305,772	394,972	300,305	395,300	362,631
total current liabilities	129,039	153,817	152,185	153,216	116,867	142,951	427,537	193,415	432,300	344,221	457,496	823,943	749,443	866,767	861,320
loans		32,355							376,215	424,823	598,632	372,293	434,847	557,411	666,484
hp & lease commitments														6,150	12,132
Accruals and Deferred Income				1,000	22,000
other liabilities	955,343	588,647	628,674	109,486	79,880	77,896	75,975	340,576	86,990	378,570
provisions
total long term liabilities	955,343	621,002	628,674	110,486	101,880	77,896	75,975	340,576	463,205	803,393	598,632	372,293	434,847	563,561	678,616
total liabilities	1,084,382	774,819	780,859	263,702	218,747	220,847	503,512	533,991	895,505	1,147,614	1,056,128	1,196,236	1,184,290	1,430,328	1,539,936
net assets	1,852,475	1,915,480	1,923,093	2,232,688	2,264,461	2,285,823	2,325,851	2,652,250	2,790,816	1,111,526	1,260,090	1,235,246	1,215,827	1,171,382	1,212,706
total shareholders funds	1,852,475	1,915,480	1,923,093	2,232,688	2,264,461	2,285,823	2,325,851	2,652,250	2,790,816	1,111,526	1,260,090	1,235,246	1,215,827	1,171,382	1,212,706

	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	-66,840	-947,259	-309,595	-31,773	2,728,194	7,103	-280,757	-79,167	656,231	-112,771	-260,594	71,686	89,911	-10,349	27,265
Depreciation							56,976	60,474	14,133	53,821	52,771	54,544	56,695	58,497	61,171
Amortisation
Tax					-518,366	-1,497			-125,359		-20,545	-33,800	-11,831	-3,085	-3,495
Stock							-32,885	-51,007	-48,019	10,086	-75,213	10,038	-68,518	-140,381	395,899
Debtors	-54,680	-142,181	207,562	13,182	80,247	-321,227	-116,976	-565,469	377,189	-44,026	28,388	81,240	-28,167	30,256	561,753
Creditors	-1	-116,271	-1,031	36,349	104,436	-17,543	-44,445	-10,564	-48,799	64,047	-51,341	-49,569	-137,915	-10,591	319,151
Accruals and Deferred Income	-14,777	32,903	-1,000	-21,000	-108,389	-267,043	278,567	-179,782	148,300	-155,425	-89,200	94,667	-94,995	32,669	362,631
Deferred Taxes & Provisions
Cash flow from operations	-26,938	-888,446	-519,188	-29,606	2,125,628	42,247	160,202	407,437	315,336	-116,388	-322,084	46,250	-1,450	177,266	-190,929
Investing Activities
capital expenditure		2,400,000			-2,400,000	2,400,000	50,057		-1,108,257	-16,998	11,111	-4,988	-6,933	-7,498	-33,871
Change in Investments		2,400,000			-2,400,000	2,400,000
cash flow from investments							50,057		-1,108,257	-16,998	11,111	-4,988	-6,933	-7,498	-33,871
Financing Activities
Bank loans										-10,255	-90,738	-14,585		13,884	101,694
Group/Directors Accounts										-61,510	13,510	48,000
Other Short Term Loans	-10,000	10,000
Long term loans	-32,355	32,355						-376,215	-48,608	-173,809	226,339	-62,554	-122,564	-109,073	666,484
Hire Purchase and Lease Commitments												-6,210	-6,150	-8,995	21,355
other long term liabilities	366,696	-40,027	519,188	29,606	1,984	1,921	-264,601	253,586	-291,580	378,570
share issue		942,929			-2,231,238	-46,409	-46,409	-46,409	1,177,855				-131		1,215,780
interest	3,835	-3,283			48	774	767	-12,990	-29,437	-35,793	-25,907	-18,467	-33,504	-27,890	-26,844
cash flow from financing	328,176	941,974	519,188	29,606	-2,229,206	-43,714	-310,243	-182,028	808,230	97,203	123,204	-53,816	-162,349	-132,074	1,978,469
cash and cash equivalents
cash	301,238	128,528			-103,709	-1,466	-99,984	176,870	3,887	13,685	-4,557	-10,357	-55,146	10,193	70,584
overdraft		75,000			-131			-48,539	-11,422	49,868	-148,678	2,197	115,586	-27,502	68,621
change in cash	301,238	53,528			-103,578	-1,466	-99,984	225,409	15,309	-36,183	144,121	-12,554	-170,732	37,695	1,963

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HI-WAY HI-FI LIMITED group structure

Hi-Way Hi-Fi Limited has 1 subsidiary company.

Ultimate parent company

HI-WAY HI-FI LIMITED

01352654

1 subsidiary

HI-WAY EDGWARE ROAD LIMITED

10114926

HI-WAY HI-FI LIMITED Shareholders

jyotika arvind mehta	50%
arvind mithalal mehta	50%

Hi-Way Hi-Fi Limited currently has 2 directors. The longest serving directors include Arvind Mehta (Dec 1991) and Mr Nimish Mehta (May 2007).

officer	country	age	start	end	role
Arvind Mehta	United Kingdom	75 years	Dec 1991	-	Director
Mr Nimish Mehta	England	48 years	May 2007	-	Director

P&L

March 2024

turnover

383.5k

+15%

operating profit

-66.8k

gross margin

71.5%

+1.21%

turnover

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

Balance Sheet

March 2024

net assets

1.9m

-0.03%

total assets

2.9m

+0.09%

cash

429.8k

+2.34%

net assets

Total assets minus all liabilities

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company number

01352654

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

68100 - Buying and selling of own real estate

incorporation date

February 1978

ultimate parent company

None

previous names

N/A

address

magnolia house, spring villa par, 11 spring villa road, edgware, HA8 7EB

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 12 charges/mortgages relating to hi-way hi-fi limited. Currently there are 2 open charges and 10 have been satisfied in the past.

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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hi-way hi-fi limited Company Information

hi-way hi-fi limited Estimated Valuation

hi-way hi-fi limited Estimated Valuation

hi-way hi-fi limited Estimated Valuation

Hi-way Hi-fi Limited Overview

Hi-way Hi-fi Limited Health Check

HI-WAY HI-FI LIMITED financials

hi-way hi-fi limited Credit Report and Business Information

Hi-way Hi-fi Limited Competitor Analysis

hi-way hi-fi limited Ownership

hi-way hi-fi limited directors

hi-way hi-fi limited company details

hi-way hi-fi limited Charges & Mortgages

hi-way hi-fi limited Capital Raised & Share Issues BETA

hi-way hi-fi limited Companies House Filings - See Documents