Harts Of Honiton Ltd

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harts of honiton ltd Company Information

Live

MatureSmallDeclining

Company Number

01879913

Website

http://hamiltongarage.co.uk

Registered Address

harts of honiton northcote hill, honiton, devon, EX14 9UP

Industry

Retail trade of motor vehicle parts and accessories

Maintenance and repair of motor vehicles

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Telephone

01395578131

Next Accounts Due

September 2024

Group Structure

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Directors

Keith Hoskin32 Years

Richard Hooper26 Years

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Shareholders

richard neal hooper 50%

mr keith albert hoskin 50%

harts of honiton ltd Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of HARTS OF HONITON LTD at £3.5m based on Net Assets of £1.4m and 2.61x industry multiple (adjusted for liquidity).

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Harts Of Honiton Ltd is a live company located in devon, EX14 9UP with a Companies House number of 01879913. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in January 1985, it's largest shareholder is richard neal hooper with a 50% stake. Harts Of Honiton Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Harts Of Honiton Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £3.7m, make it smaller than the average company (£4.9m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (5.2%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HARTS OF HONITON LTD group structure

Harts Of Honiton Ltd has no subsidiary companies.

Ultimate parent company

HARTS OF HONITON LTD

01879913

HARTS OF HONITON LTD Shareholders

richard neal hooper	50%
mr keith albert hoskin	50%

Harts Of Honiton Ltd currently has 3 directors. The longest serving directors include Mr Keith Hoskin (Dec 1991) and Mr Richard Hooper (Dec 1997).

officer	country	age	start	end	role
Mr Keith Hoskin		76 years	Dec 1991	-	Director
Mr Richard Hooper	United Kingdom	68 years	Dec 1997	-	Director
Mr Nicholas Robinson	United Kingdom	55 years	Jan 2024	-	Director

EXPORT

Harts Of Honiton Ltd's latest turnover from December 2022 is estimated at £3.7 million and the company has net assets of £1.4 million. According to their latest financial statements, Harts Of Honiton Ltd has 33 employees and maintains cash reserves of £196.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	3,696,667	3,863,113	3,824,562	3,766,530	4,436,593	4,229,442	4,946,481	5,201,606	8,611,335	13,966,628	13,840,936	13,451,147	7,950,073	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,806,675	2,909,901	2,878,767	2,785,577	3,249,528	3,063,973	3,601,366	3,780,790	6,247,088	10,311,702	10,056,513	9,709,828	5,677,313	0
Gross Profit	889,992	953,211	945,796	980,954	1,187,065	1,165,469	1,345,115	1,420,816	2,364,247	3,654,926	3,784,423	3,741,319	2,272,760	0
Admin Expenses	1,073,406	958,665	896,052	949,723	1,083,433	982,106	1,214,617	1,466,563	2,199,559	3,460,847	3,920,049	3,625,858	2,344,522	-1,550,022
Operating Profit	-183,414	-5,454	49,744	31,231	103,632	183,363	130,498	-45,747	164,688	194,079	-135,626	115,461	-71,762	1,550,022
Interest Payable	0	1,563	1,525	0	2,292	2,207	5,632	5,857	11,738	12,297	7,503	6,629	0	0
Interest Receivable	6,712	624	279	1,532	627	387	188	4	5	78	42	5,015	4	2
Pre-Tax Profit	-176,702	-6,392	48,498	32,763	101,967	181,542	125,054	-51,600	152,954	181,860	-143,087	113,847	-71,758	1,550,024
Tax	0	0	-9,215	-6,225	-19,374	-34,493	-25,011	0	-32,120	-47,897	17,998	-36,546	0	-434,007
Profit After Tax	-176,702	-6,392	39,283	26,538	82,593	147,049	100,043	-51,600	120,834	133,963	-125,089	77,301	-71,758	1,116,017
Dividends Paid	0	0	0	0	0	0	0	0	0	0	30,000	110,000	0	0
Retained Profit	-176,702	-6,392	39,283	26,538	82,593	147,049	100,043	-51,600	120,834	133,963	-155,089	-32,699	-71,758	1,116,017
Employee Costs	975,163	987,962	1,001,433	1,079,160	1,049,350	978,519	952,689	936,407	1,272,653	1,013,968	1,161,149	1,188,829	1,296,010	0
Number Of Employees	33	35	35	37	37	36	35	35	47	48	52	52	52	0
EBITDA*	-159,254	27,203	87,505	67,020	138,868	221,701	158,343	3,700	245,871	281,942	-51,126	202,066	16,309	1,643,636

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	105,405	99,682	114,934	117,270	104,309	117,914	69,477	78,719	205,956	257,267	303,439	289,806	328,741	380,010
Intangible Assets	0	2,208	15,208	28,208	41,208	54,208	67,208	80,208	141,226	159,548	177,869	196,190	214,511	232,833
Investments & Other	300,000	300,000	300,000	300,000	245,000	366,616	245,000	245,000	245,000	245,000	245,000	245,000	237,982	237,982
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	405,405	401,890	430,142	445,478	390,517	538,738	381,685	403,927	592,182	661,815	726,308	730,996	781,234	850,825
Stock & work in progress	913,587	1,155,725	1,160,033	947,572	1,151,970	1,103,612	1,171,792	1,292,534	1,692,596	1,466,049	1,596,345	1,775,955	1,297,542	1,328,910
Trade Debtors	20,460	15,819	20,320	23,780	11,327	55,950	56,197	49,375	225,301	191,519	148,218	161,698	297,078	315,874
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	27,852	34,156	61,995	55,660	56,704	81,990	74,128	52,413	0	133,070	135,493	112,614	0	0
Cash	196,251	187,268	312,155	245,883	162,546	4,531	150,076	582	1,117	828	904	727	720	699
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,158,150	1,392,968	1,554,503	1,272,895	1,382,547	1,246,083	1,452,193	1,394,904	1,919,014	1,791,466	1,880,960	2,050,994	1,595,340	1,645,483
total assets	1,563,555	1,794,858	1,984,645	1,718,373	1,773,064	1,784,821	1,833,878	1,798,831	2,511,196	2,453,281	2,607,268	2,781,990	2,376,574	2,496,308
Bank overdraft	0	0	2,330	0	0	67,918	0	180,227	0	361,184	468,187	206,281	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	36,609	0	0
Trade Creditors	64,466	52,711	79,904	71,161	56,452	59,690	367,398	243,353	1,290,330	733,466	955,880	1,052,743	1,161,412	1,149,144
Group/Directors Accounts	0	0	0	0	65,960	0	0	44,644	0	12,273	8,094	27,015	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	50,066	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	135,599	198,664	301,703	133,719	166,395	253,668	207,162	169,179	0	244,401	207,379	286,448	0	0
total current liabilities	200,065	251,375	383,937	204,880	288,807	381,276	574,560	637,403	1,290,330	1,351,324	1,639,540	1,659,162	1,161,412	1,149,144
loans	0	0	47,670	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
Accruals and Deferred Income	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	66,978	120,174
provisions	11,409	14,700	17,863	17,601	14,903	16,784	12,588	14,741	22,579	24,504	24,238	24,249	23,925	30,973
total long term liabilities	11,409	14,700	65,533	17,601	14,903	16,784	12,588	14,741	22,579	24,504	24,238	24,249	90,903	151,147
total liabilities	211,474	266,075	449,470	222,481	303,710	398,060	587,148	652,144	1,312,909	1,375,828	1,663,778	1,683,411	1,252,315	1,300,291
net assets	1,352,081	1,528,783	1,535,175	1,495,892	1,469,354	1,386,761	1,246,730	1,146,687	1,198,287	1,077,453	943,490	1,098,579	1,124,259	1,196,017
total shareholders funds	1,352,081	1,528,783	1,535,175	1,495,892	1,469,354	1,386,761	1,246,730	1,146,687	1,198,287	1,077,453	943,490	1,098,579	1,124,259	1,196,017

	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	-183,414	-5,454	49,744	31,231	103,632	183,363	130,498	-45,747	164,688	194,079	-135,626	115,461	-71,762	1,550,022
Depreciation	21,952	19,657	24,761	22,789	22,236	25,338	14,845	36,447	62,861	69,542	66,179	68,284	69,749	75,292
Amortisation	2,208	13,000	13,000	13,000	13,000	13,000	13,000	13,000	18,322	18,321	18,321	18,321	18,322	18,322
Tax	0	0	-9,215	-6,225	-19,374	-34,493	-25,011	0	-32,120	-47,897	17,998	-36,546	0	-434,007
Stock	-242,138	-4,308	212,461	-204,398	48,358	-68,180	-120,742	-400,062	226,547	-130,296	-179,610	478,413	-31,368	1,328,910
Debtors	-1,663	-32,340	2,875	11,409	-69,909	7,615	28,537	-123,513	-99,288	40,878	9,399	-22,766	-18,796	315,874
Creditors	11,755	-27,193	8,743	14,709	-3,238	-307,708	124,045	-1,046,977	556,864	-222,414	-96,863	-108,669	12,268	1,149,144
Accruals and Deferred Income	-63,065	-103,039	167,984	-32,676	-87,273	46,506	37,983	169,179	-244,401	37,022	-79,069	286,448	0	0
Deferred Taxes & Provisions	-3,291	-3,163	262	2,698	-1,881	4,196	-2,153	-7,838	-1,925	266	-11	324	-7,048	30,973
Cash flow from operations	29,946	-69,544	39,943	238,515	48,653	-9,233	385,412	-358,361	397,030	138,337	-38,860	-112,024	71,693	744,962
Investing Activities
capital expenditure	-27,675	-4,405	-22,425	-35,750	-8,631	-73,775	-5,603	138,808	-11,550	-24,195	-81,446	-30,495	-18,480	-706,457
Change in Investments	0	0	0	55,000	-121,616	121,616	0	0	0	0	0	7,018	0	237,982
cash flow from investments	-27,675	-4,405	-22,425	-90,750	112,985	-195,391	-5,603	138,808	-11,550	-24,195	-81,446	-37,513	-18,480	-944,439
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	-36,609	36,609	0	0
Group/Directors Accounts	0	0	0	-65,960	65,960	0	-44,644	44,644	-12,273	4,179	-18,921	27,015	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	-50,066	50,066	0	0
Long term loans	0	-47,670	47,670	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	-66,978	-53,196	120,174
share issue	0	0	0	0	0	-7,018	0	0	0	0	0	7,019	0	80,000
interest	6,712	-939	-1,246	1,532	-1,665	-1,820	-5,444	-5,853	-11,733	-12,219	-7,461	-1,614	4	2
cash flow from financing	6,712	-48,609	46,424	-64,428	64,295	-8,838	-50,088	38,791	-24,006	-8,040	-113,057	52,117	-53,192	200,176
cash and cash equivalents
cash	8,983	-124,887	66,272	83,337	158,015	-145,545	149,494	-535	289	-76	177	7	21	699
overdraft	0	-2,330	2,330	0	-67,918	67,918	-180,227	180,227	-361,184	-107,003	261,906	206,281	0	0
change in cash	8,983	-122,557	63,942	83,337	225,933	-213,463	329,721	-180,762	361,473	106,927	-261,729	-206,274	21	699

P&L

December 2022

turnover

3.7m

-4%

operating profit

-183.4k

gross margin

24.1%

-2.43%

turnover

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

Balance Sheet

December 2022

net assets

1.4m

-0.12%

total assets

1.6m

-0.13%

cash

196.3k

+0.05%

net assets

Total assets minus all liabilities

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company number

01879913

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

45320 - Retail trade of motor vehicle parts and accessories

45200 - Maintenance and repair of motor vehicles

incorporation date

January 1985

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

hamilton garage limited (January 2024)

hawknest limited (March 1985)

incorporated

address

harts of honiton northcote hill, honiton, devon, EX14 9UP

last accounts submitted

December 2022

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 9 charges/mortgages relating to harts of honiton ltd. Currently there are 0 open charges and 9 have been satisfied in the past.

harts of honiton ltd Company Information

harts of honiton ltd Estimated Valuation

harts of honiton ltd Estimated Valuation

harts of honiton ltd Estimated Valuation

Harts Of Honiton Ltd AI Business Plan

Harts Of Honiton Ltd Overview

Harts Of Honiton Ltd Health Check

harts of honiton ltd Credit Report and Business Information

Harts Of Honiton Ltd Competitor Analysis

harts of honiton ltd Ownership

harts of honiton ltd directors

HARTS OF HONITON LTD financials

harts of honiton ltd company details

harts of honiton ltd Charges & Mortgages

harts of honiton ltd Companies House Filings - See Documents