Hec Limited

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SOLUTIONS

hec limited Company Information

Company Number

01390336

Next Accounts

Sep 2025

Directors

Michael Barratt

Shareholders

m. barratt

Group Structure

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Industry

Artistic creation

Registered Address

43-45 dorset street, london, W1U 7NA

Website

www.hec-music.co.uk

hec limited Estimated Valuation

£839k

Pomanda estimates the enterprise value of HEC LIMITED at £839k based on a Turnover of £2.1m and 0.4x industry multiple (adjusted for size and gross margin).

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Hec Limited is a live company located in london, W1U 7NA with a Companies House number of 01390336. It operates in the artistic creation sector, SIC Code 90030. Founded in September 1978, it's largest shareholder is m. barratt with a 100% stake. Hec Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Hec Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £2.1m, make it larger than the average company (£363.7k)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (7.5%)

EXPORT

Hec Limited's latest turnover from December 2023 is estimated at £2.1 million and the company has net assets of £512 thousand. According to their latest financial statements, Hec Limited has 1 employee and maintains cash reserves of 0 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	2,076,588	2,173,172	1,913,307	1,734,222	1,780,160	1,176,185	1,089,873	217,818	21,864	51,518	110,935	195,137	192,746	41,553	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,547,922	1,558,349	1,290,534	1,262,740	1,225,435	809,074	748,075	152,405	14,790	34,873	71,610	129,447	132,735	28,753	0
Gross Profit	528,667	614,824	622,773	471,482	554,724	367,111	341,798	65,413	7,074	16,644	39,325	65,689	60,011	12,800	0
Admin Expenses	477,354	543,038	563,452	438,412	407,886	278,276	229,368	142,430	26,472	-24,720	16,966	45,405	-84,788	24,529	9,149
Operating Profit	51,313	71,786	59,321	33,070	146,838	88,835	112,430	-77,017	-19,398	41,364	22,359	20,284	144,799	-11,729	-9,149
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	175	726	703	675	808	499	231	192
Pre-Tax Profit	51,313	71,786	59,321	33,070	146,838	88,835	112,430	-76,842	-18,672	42,067	23,034	21,092	145,297	-11,498	-8,957
Tax	-12,828	-13,639	-11,271	-6,283	-27,899	-16,879	-21,362	0	0	-8,834	-5,298	-5,062	-37,777	0	0
Profit After Tax	38,485	58,147	48,050	26,787	118,939	71,956	91,068	-76,842	-18,672	33,233	17,736	16,030	107,520	-11,498	-8,957
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	38,485	58,147	48,050	26,787	118,939	71,956	91,068	-76,842	-18,672	33,233	17,736	16,030	107,520	-11,498	-8,957
Employee Costs	28,559	28,003	27,898	27,373	26,931	26,973	26,253	28,125	28,442	29,282	29,200	57,721	55,581	27,037	0
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	2	2	1	0
EBITDA*	51,313	71,786	59,321	33,070	146,838	88,835	112,430	-77,017	-4,388	52,675	27,684	74,816	148,249	-8,782	-6,539

* 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	14,290	19,054	25,339	30,035	19,160	23,287	29,500	34,838	44,522	50,615	34,375	6,805	8,840	10,302	7,830
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	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	14,290	19,054	25,339	30,035	19,160	23,287	29,500	34,838	44,522	50,615	34,375	6,805	8,840	10,302	7,830
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	580,164	672,742	658,915	587,854	587,327	397,287	397,582	72,188	1,665	6,989	16,990	35,427	31,522	5,291	54,369
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	139,647	150,901	130,364	139,578	183,709	15,692	76,778
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	580,164	672,742	658,915	587,854	587,327	397,287	397,582	72,188	141,312	157,890	147,354	175,005	215,231	20,983	131,147
total assets	594,454	691,796	684,254	617,889	606,487	420,574	427,082	107,026	185,834	208,505	181,729	181,810	224,071	31,285	138,977
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	82,472	218,299	268,904	250,589	265,974	199,000	277,464	48,476	50,342	54,341	60,798	78,615	136,906	51,640	147,834
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	82,472	218,299	268,904	250,589	265,974	199,000	277,464	48,476	50,342	54,341	60,798	78,615	136,906	51,640	147,834
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	82,472	218,299	268,904	250,589	265,974	199,000	277,464	48,476	50,342	54,341	60,798	78,615	136,906	51,640	147,834
net assets	511,982	473,497	415,350	367,300	340,513	221,574	149,618	58,550	135,492	154,164	120,931	103,195	87,165	-20,355	-8,857
total shareholders funds	511,982	473,497	415,350	367,300	340,513	221,574	149,618	58,550	135,492	154,164	120,931	103,195	87,165	-20,355	-8,857

	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	51,313	71,786	59,321	33,070	146,838	88,835	112,430	-77,017	-19,398	41,364	22,359	20,284	144,799	-11,729	-9,149
Depreciation	0	0	0	0	0	0	0	0	15,010	11,311	5,325	54,532	3,450	2,947	2,610
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-12,828	-13,639	-11,271	-6,283	-27,899	-16,879	-21,362	0	0	-8,834	-5,298	-5,062	-37,777	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-92,578	13,827	71,061	527	190,040	-295	325,394	70,523	-5,324	-10,001	-18,437	3,905	26,231	-49,078	54,369
Creditors	-135,827	-50,605	18,315	-15,385	66,974	-78,464	228,988	-1,866	-3,999	-6,457	-17,817	-58,291	85,266	-96,194	147,834
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-4,764	-6,285	-4,696	10,875	-4,127	-6,213	-5,338	-149,406	-3,063	47,385	23,006	7,558	169,507	-55,898	86,926
Investing Activities
capital expenditure	4,764	6,285	4,696	-10,875	4,127	6,213	5,338	9,684	-8,917	-27,551	-32,895	-52,497	-1,988	-5,419	-10,440
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	4,764	6,285	4,696	-10,875	4,127	6,213	5,338	9,684	-8,917	-27,551	-32,895	-52,497	-1,988	-5,419	-10,440
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	175	726	703	675	808	499	231	192
cash flow from financing	0	0	0	0	0	0	0	75	726	703	675	808	499	231	292
cash and cash equivalents
cash	0	0	0	0	0	0	0	-139,647	-11,254	20,537	-9,214	-44,131	168,017	-61,086	76,778
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-139,647	-11,254	20,537	-9,214	-44,131	168,017	-61,086	76,778

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for hec limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in W1U area or any other competitors across 12 key performance metrics.

HEC LIMITED group structure

Hec Limited has no subsidiary companies.

Ultimate parent company

HEC LIMITED

01390336

HEC LIMITED Shareholders

m. barratt

100%

Hec Limited currently has 1 director, Mr Michael Barratt serving since Dec 1991.

officer	country	age	start	end	role
Mr Michael Barratt		76 years	Dec 1991	-	Director

P&L

December 2023

turnover

2.1m

-4%

operating profit

51.3k

gross margin

25.5%

-10.01%

turnover

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

Balance Sheet

December 2023

net assets

512k

+0.08%

total assets

594.5k

-0.14%

cash

net assets

Total assets minus all liabilities

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company number

01390336

Type

Private limited with Share Capital

industry

90030 - Artistic creation

incorporation date

September 1978

ultimate parent company

None

previous names

shakin' stevens limited (February 1986)

address

43-45 dorset street, london, W1U 7NA

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