Harrison Properties Limited

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harrison properties limited Company Information

Live

MatureMicroDeclining

Company Number

01507978

Website

http://harrisoneds.co.uk

Registered Address

grindon way, newton aycliffe, county durham, DL5 6SH

Industry

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

Telephone

01325355433

Next Accounts Due

May 2025

Group Structure

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Directors

Adrian Harrison27 Years

Shareholders

c. milbank 36%

adrian harrison 36%

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harrison properties limited Estimated Valuation

£8.7m

Pomanda estimates the enterprise value of HARRISON PROPERTIES LIMITED at £8.7m based on Net Assets of £5.4m and 1.62x industry multiple (adjusted for liquidity).

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Harrison Properties Limited is a live company located in county durham, DL5 6SH with a Companies House number of 01507978. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in July 1980, it's largest shareholder is c. milbank with a 36% stake. Harrison Properties Limited is a mature, micro sized company, Pomanda has estimated its turnover at £209k with declining growth in recent years.

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Pomanda's financial health check has awarded Harrison Properties Limited a 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 Rating5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £209k, make it smaller than the average company (£836.3k)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (2.6%)

EXPORT

Harrison Properties Limited's latest turnover from August 2023 is estimated at £209 thousand and the company has net assets of £5.4 million. According to their latest financial statements, Harrison Properties Limited has 3 employees and maintains cash reserves of £824 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	209,031	540,320	264,586	320,105	147,236	211,895	213,849	260,461	666,609	1,161,973	782,970	934,171	1,061,806	662,711	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	56,606	152,515	77,530	89,141	43,525	55,620	55,548	68,977	219,149	410,594	265,172	309,213	353,596	208,811	0
Gross Profit	152,425	387,805	187,056	230,963	103,711	156,275	158,301	191,485	447,459	751,378	517,798	624,959	708,210	453,901	0
Admin Expenses	-203,305	24,146	-74,679	-71,880	-247,445	2,178,277	-3,037,829	-124,974	216,050	308,124	327,371	452,707	484,957	261,356	-1,926,742
Operating Profit	355,730	363,659	261,735	302,843	351,156	-2,022,002	3,196,130	316,459	231,409	443,254	190,427	172,252	223,253	192,545	1,926,742
Interest Payable	311,468	172,044	100,038	107,803	127,493	137,237	136,300	146,688	162,087	168,466	171,689	172,250	173,381	157,164	69,908
Interest Receivable	53,739	15,708	532	586	4,002	3,997	910	316	1,000	888	230	163	76	31	31
Pre-Tax Profit	98,001	207,322	162,228	195,626	227,665	-2,155,242	3,060,740	170,088	70,323	275,676	18,968	166	49,949	35,413	1,856,865
Tax	-24,500	-39,391	-30,823	-37,169	-43,256	0	-581,541	-34,017	-14,064	-57,892	-4,363	-40	-12,987	-9,915	-519,922
Profit After Tax	73,501	167,931	131,405	158,457	184,409	-2,155,242	2,479,199	136,070	56,258	217,784	14,605	126	36,962	25,497	1,336,943
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	73,501	167,931	131,405	158,457	184,409	-2,155,242	2,479,199	136,070	56,258	217,784	14,605	126	36,962	25,497	1,336,943
Employee Costs	93,584	88,989	81,654	81,633	55,117	106,219	101,032	102,224	103,200	198,400	118,000	167,997	186,009	118,911	0
Number Of Employees	3	3	3	3	2	4	4	4	4	8	5	7	8	5	0
EBITDA*	364,630	371,957	266,829	308,000	352,256	-2,020,557	3,198,216	318,465	234,409	445,315	192,888	173,755	224,538	193,616	1,927,673

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	42,737	36,517	23,624	27,913	33,832	1,364	6,069,474	6,056,993	6,058,709	6,061,709	6,198,560	6,386,231	6,381,104	6,375,173	5,903,814
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	7,164,386	6,993,302	6,410,635	6,072,873	6,072,873	6,066,885	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	7,207,123	7,029,819	6,434,259	6,100,786	6,106,705	6,068,249	6,069,474	6,056,993	6,058,709	6,061,709	6,198,560	6,386,231	6,381,104	6,375,173	5,903,814
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	3,129	61,415	22,648	32,133	7,547	6,818	9,502	12,914	53,966	89,516	63,031	82,405	96,277	58,208	60,551
Group Debtors	379,501	94,549	0	0	6,288	90,338	0	0	0	0	0	0	0	0	0
Misc Debtors	35,543	17,961	12,860	9,468	3,196	21,273	17,261	18,687	0	0	0	0	0	0	0
Cash	823,994	1,325,549	469,620	593,906	578,242	489,030	576,961	150,763	101,801	298,319	57,027	34,793	30,537	0	12,464
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,242,167	1,499,474	505,128	635,507	595,273	607,459	603,724	182,364	155,767	387,835	120,058	117,198	126,814	58,208	73,015
total assets	8,449,290	8,529,293	6,939,387	6,736,293	6,701,978	6,675,708	6,673,198	6,239,357	6,214,476	6,449,544	6,318,618	6,503,429	6,507,918	6,433,381	5,976,829
Bank overdraft	96,000	96,000	0	0	167,880	174,697	154,536	148,476	169,809	137,304	1,319,420	0	0	34,800	0
Bank loan	0	0	108,640	108,640	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	62,531	130,618	62,842	26,464	19,417	21,032	21,707	23,581	167,287	344,229	239,000	235,946	240,561	168,186	253,459
Group/Directors Accounts	0	0	0	0	5,690	5,264	14,322	7,670	0	0	0	0	0	0	17,472
other short term finances	28,000	28,000	28,000	28,000	28,000	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	224,880	215,065	179,290	185,479	211,735	224,883	227,689	203,735	0	0	0	0	0	0	0
total current liabilities	411,411	469,683	378,772	348,583	432,722	425,876	418,254	383,462	337,096	481,533	1,558,420	235,946	240,561	202,986	270,931
loans	2,659,907	2,755,139	1,424,075	1,582,575	1,619,427	1,787,563	1,949,500	2,109,083	2,266,638	2,413,527	1,313,320	2,650,000	2,650,000	2,650,000	2,151,000
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	3,151	0	0	0	0	0	0	0	0	0	0
total long term liabilities	2,659,907	2,755,139	1,424,075	1,582,575	1,622,578	1,787,563	1,949,500	2,109,083	2,266,638	2,413,527	1,313,320	2,650,000	2,650,000	2,650,000	2,151,000
total liabilities	3,071,318	3,224,822	1,802,847	1,931,158	2,055,300	2,213,439	2,367,754	2,492,545	2,603,734	2,895,060	2,871,740	2,885,946	2,890,561	2,852,986	2,421,931
net assets	5,377,972	5,304,471	5,136,540	4,805,135	4,646,678	4,462,269	4,305,444	3,746,812	3,610,742	3,554,484	3,446,878	3,617,483	3,617,357	3,580,395	3,554,898
total shareholders funds	5,377,972	5,304,471	5,136,540	4,805,135	4,646,678	4,462,269	4,305,444	3,746,812	3,610,742	3,554,484	3,446,878	3,617,483	3,617,357	3,580,395	3,554,898

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	355,730	363,659	261,735	302,843	351,156	-2,022,002	3,196,130	316,459	231,409	443,254	190,427	172,252	223,253	192,545	1,926,742
Depreciation	8,900	8,298	5,094	5,157	1,100	1,445	2,086	2,006	3,000	2,061	2,461	1,503	1,285	1,071	931
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-24,500	-39,391	-30,823	-37,169	-43,256	0	-581,541	-34,017	-14,064	-57,892	-4,363	-40	-12,987	-9,915	-519,922
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	244,248	138,417	-6,093	24,570	-101,398	91,666	-4,838	-22,365	-35,550	26,485	-19,374	-13,872	38,069	-2,343	60,551
Creditors	-68,087	67,776	36,378	7,047	-1,615	-675	-1,874	-143,706	-176,942	105,229	3,054	-4,615	72,375	-85,273	253,459
Accruals and Deferred Income	9,815	35,775	-6,189	-26,256	-13,148	-2,806	23,954	203,735	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-3,151	3,151	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	37,610	297,700	272,288	223,901	398,786	-2,115,704	2,643,593	366,842	78,953	466,167	210,953	182,972	245,857	100,771	1,600,659
Investing Activities
capital expenditure	-15,120	-21,191	-805	762	-33,568	6,066,665	-14,567	-290	0	134,790	185,210	-6,630	-7,216	-472,430	-5,904,745
Change in Investments	171,084	582,667	337,762	0	5,988	6,066,885	0	0	0	0	0	0	0	0	0
cash flow from investments	-186,204	-603,858	-338,567	762	-39,556	-220	-14,567	-290	0	134,790	185,210	-6,630	-7,216	-472,430	-5,904,745
Financing Activities
Bank loans	0	-108,640	0	108,640	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-5,690	426	-9,058	6,652	7,670	0	0	0	0	0	-17,472	17,472
Other Short Term Loans	0	0	0	0	28,000	0	0	0	0	0	0	0	0	0	0
Long term loans	-95,232	1,331,064	-158,500	-36,852	-168,136	-161,937	-159,583	-157,555	-146,889	1,100,207	-1,336,680	0	0	499,000	2,151,000
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	200,000	0	0	2,312,067	-1,920,567	0	0	-110,178	-185,210	0	0	0	2,217,955
interest	-257,729	-156,336	-99,506	-107,217	-123,491	-133,240	-135,390	-146,372	-161,087	-167,578	-171,459	-172,087	-173,305	-157,133	-69,877
cash flow from financing	-352,961	1,066,088	-58,006	-41,119	-263,201	2,007,832	-2,208,888	-296,257	-307,976	822,451	-1,693,349	-172,087	-173,305	324,395	4,316,550
cash and cash equivalents
cash	-501,555	855,929	-124,286	15,664	89,212	-87,931	426,198	48,962	-196,518	241,292	22,234	4,256	30,537	-12,464	12,464
overdraft	0	96,000	0	-167,880	-6,817	20,161	6,060	-21,333	32,505	-1,182,116	1,319,420	0	-34,800	34,800	0
change in cash	-501,555	759,929	-124,286	183,544	96,029	-108,092	420,138	70,295	-229,023	1,423,408	-1,297,186	4,256	65,337	-47,264	12,464

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HARRISON PROPERTIES LIMITED group structure

Harrison Properties Limited has no subsidiary companies.

Ultimate parent company

HARRISON PROPERTIES LIMITED

01507978

HARRISON PROPERTIES LIMITED Shareholders

c. milbank	36%
adrian harrison	36%
c. harrison	28%

Harrison Properties Limited currently has 1 director, Mr Adrian Harrison serving since Apr 1997.

officer	country	age	start	end	role
Mr Adrian Harrison	England	51 years	Apr 1997	-	Director

P&L

August 2023

turnover

209k

-61%

operating profit

355.7k

gross margin

73%

+1.6%

turnover

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

Balance Sheet

August 2023

net assets

5.4m

+0.01%

total assets

8.4m

-0.01%

cash

824k

-0.38%

net assets

Total assets minus all liabilities

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company number

01507978

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.

incorporation date

July 1980

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

August 2023

address

grindon way, newton aycliffe, county durham, DL5 6SH

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 14 charges/mortgages relating to harrison properties limited. Currently there are 5 open charges and 9 have been satisfied in the past.

harrison properties limited Company Information

harrison properties limited Estimated Valuation

harrison properties limited Estimated Valuation

harrison properties limited Estimated Valuation

Harrison Properties Limited Overview

Harrison Properties Limited Health Check

HARRISON PROPERTIES LIMITED financials

harrison properties limited Credit Report and Business Information

Harrison Properties Limited Competitor Analysis

harrison properties limited Ownership

harrison properties limited directors

harrison properties limited company details

harrison properties limited Charges & Mortgages

harrison properties limited Companies House Filings - See Documents