harrington generators international limited
harrington generators international limited Company Information
Company Number
02184794
Website
http://www.hgigenerators.comRegistered Address
power house excelsior road, ashby-de-la-zouch, LE65 1BU
Industry
Manufacture of electric motors, generators and transformers
Telephone
01629824284
Next Accounts Due
272 days late
Group Structure
View All
Shareholders
brush electrical machines ltd 100%
harrington generators international limited Estimated Valuation
Pomanda estimates the enterprise value of HARRINGTON GENERATORS INTERNATIONAL LIMITED at £476.8k based on a Turnover of £764k and 0.62x industry multiple (adjusted for size and gross margin).
harrington generators international limited Estimated Valuation
Pomanda estimates the enterprise value of HARRINGTON GENERATORS INTERNATIONAL LIMITED at £282.2k based on an EBITDA of £65k and a 4.34x industry multiple (adjusted for size and gross margin).
harrington generators international limited Estimated Valuation
Pomanda estimates the enterprise value of HARRINGTON GENERATORS INTERNATIONAL LIMITED at £317.2k based on Net Assets of £132k and 2.4x industry multiple (adjusted for liquidity).
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Harrington Generators International Limited Overview
Harrington Generators International Limited is a live company located in ashby-de-la-zouch, LE65 1BU with a Companies House number of 02184794. It operates in the manufacture of electric motors, generators and transformers sector, SIC Code 27110. Founded in October 1987, it's largest shareholder is brush electrical machines ltd with a 100% stake. Harrington Generators International Limited is a mature, small sized company, Pomanda has estimated its turnover at £764k with declining growth in recent years.
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Harrington Generators International Limited Health Check
Pomanda's financial health check has awarded Harrington Generators International Limited a 4 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
4 Strong
2 Regular
6 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£15.6m)
£2.1m - Harrington Generators International Limited
£15.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -35%, show it is growing at a slower rate (-0.7%)
-35% - Harrington Generators International Limited
-0.7% - Industry AVG
Production
with a gross margin of 29.9%, this company has a lower cost of product (24.9%)
29.9% - Harrington Generators International Limited
24.9% - Industry AVG
Profitability
an operating margin of 6.3% make it more profitable than the average company (2.7%)
6.3% - Harrington Generators International Limited
2.7% - Industry AVG
Employees
with 38 employees, this is below the industry average (100)
38 - Harrington Generators International Limited
100 - Industry AVG
Pay Structure
on an average salary of £47.9k, the company has an equivalent pay structure (£41k)
£47.9k - Harrington Generators International Limited
£41k - Industry AVG
Efficiency
resulting in sales per employee of £55.9k, this is less efficient (£155.1k)
£55.9k - Harrington Generators International Limited
£155.1k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is near the average (67 days)
72 days - Harrington Generators International Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (40 days)
21 days - Harrington Generators International Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (85 days)
3 days - Harrington Generators International Limited
85 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (17 weeks)
31 weeks - Harrington Generators International Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.1%, this is a higher level of debt than the average (55.9%)
92.1% - Harrington Generators International Limited
55.9% - Industry AVG
HARRINGTON GENERATORS INTERNATIONAL LIMITED financials
Harrington Generators International Limited's latest turnover from December 2021 is £764 thousand and the company has net assets of £132 thousand. According to their latest financial statements, Harrington Generators International Limited has 1 employee and maintains cash reserves of £314 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Mar 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 764,000 | 2,124,000 | 1,683,000 | 7,711,000 | 8,491,000 | 9,248,000 | 10,039,000 | 7,265,000 | 7,219,000 | 9,410,000 | 9,266,000 | 7,105,000 | 7,473,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 608,000 | 1,488,000 | 1,070,000 | 6,069,000 | 6,843,000 | 6,832,000 | 7,801,000 | 5,724,000 | 5,527,000 | 7,308,000 | 7,151,000 | 5,683,000 | 5,945,000 |
| Gross Profit | 156,000 | 636,000 | 613,000 | 1,642,000 | 1,648,000 | 2,416,000 | 2,238,000 | 1,541,000 | 1,692,000 | 2,102,000 | 2,115,000 | 1,422,000 | 1,528,000 |
| Admin Expenses | 91,000 | 502,000 | 336,000 | 1,957,000 | 1,377,000 | 1,505,000 | 1,609,000 | 1,680,000 | 1,522,000 | 1,487,000 | 1,511,000 | 1,249,000 | 1,058,000 |
| Operating Profit | 65,000 | 134,000 | 277,000 | -315,000 | 271,000 | 911,000 | 629,000 | -139,000 | 170,000 | 615,000 | 604,000 | 173,000 | 470,000 |
| Interest Payable | 1,000 | 3,000 | 1,000 | 0 | 0 | 0 | 0 | 0 | 3,000 | 3,000 | 0 | 1,000 | 14,000 |
| Interest Receivable | 0 | 0 | 0 | 7,000 | 4,000 | 3,000 | 2,000 | 4,000 | 4,000 | 3,000 | 3,000 | 1,000 | 21,000 |
| Pre-Tax Profit | 64,000 | 131,000 | 276,000 | -308,000 | 275,000 | 914,000 | 631,000 | -135,000 | 171,000 | 615,000 | 607,000 | 173,000 | 477,000 |
| Tax | -30,000 | 0 | -1,000 | -2,000 | 2,000 | 2,000 | 17,000 | 0 | 0 | 0 | 0 | 0 | 6,000 |
| Profit After Tax | 34,000 | 131,000 | 275,000 | -310,000 | 277,000 | 916,000 | 648,000 | -135,000 | 171,000 | 615,000 | 607,000 | 173,000 | 483,000 |
| Dividends Paid | 0 | 0 | 0 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 34,000 | -2,067,000 | -383,000 | -1,310,000 | 277,000 | 916,000 | 648,000 | -135,000 | 171,000 | 615,000 | 607,000 | 173,000 | 483,000 |
| Employee Costs | 33,000 | 1,820,000 | 1,952,000 | 1,795,000 | 1,736,000 | 1,981,000 | 2,033,000 | 2,093,000 | 1,868,000 | 1,919,000 | 1,857,000 | 1,721,000 | 1,753,000 |
| Number Of Employees | 1 | 38 | 55 | 52 | 58 | 61 | 66 | 66 | 68 | 67 | 63 | 67 | |
| EBITDA* | 65,000 | 295,000 | 457,000 | -291,000 | 315,000 | 962,000 | 653,000 | -113,000 | 213,000 | 657,000 | 641,000 | 214,000 | 520,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Mar 2021 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 24,000 | 84,000 | 330,000 | 95,000 | 107,000 | 90,000 | 117,000 | 110,000 | 153,000 | 164,000 | 154,000 | 101,000 | 127,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 4,000 | 24,000 | 46,000 | 64,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 17,000 | 20,000 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 12,000 | 42,000 | 17,000 | 0 | 0 | 0 | 16,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 12,000 | 42,000 | 313,000 | 95,000 | 111,000 | 134,000 | 179,000 | 174,000 | 153,000 | 164,000 | 154,000 | 101,000 | 127,000 |
| Stock & work in progress | 0 | 15,000 | 1,826,000 | 1,774,000 | 2,214,000 | 2,666,000 | 2,189,000 | 2,312,000 | 1,828,000 | 1,476,000 | 1,654,000 | 1,422,000 | 1,313,000 |
| Trade Debtors | 8,000 | 424,000 | 933,000 | 2,223,000 | 1,069,000 | 2,239,000 | 1,656,000 | 832,000 | 1,182,000 | 1,085,000 | 1,592,000 | 1,106,000 | 981,000 |
| Group Debtors | 0 | 77,000 | 0 | 0 | 0 | 0 | 0 | 40,000 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 9,000 | 55,000 | 176,000 | 143,000 | 107,000 | 119,000 | 137,000 | 130,000 | 110,000 | 94,000 | 193,000 | 154,000 | 109,000 |
| Cash | 314,000 | 630,000 | 258,000 | 1,310,000 | 3,053,000 | 1,834,000 | 1,422,000 | 1,219,000 | 1,642,000 | 2,270,000 | 1,343,000 | 1,065,000 | 621,000 |
| misc current assets | 0 | 0 | 0 | 7,000 | 9,000 | 8,000 | 8,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 331,000 | 1,201,000 | 3,193,000 | 5,457,000 | 6,452,000 | 6,866,000 | 5,412,000 | 4,533,000 | 4,762,000 | 4,925,000 | 4,782,000 | 3,747,000 | 3,024,000 |
| total assets | 343,000 | 1,243,000 | 3,506,000 | 5,552,000 | 6,563,000 | 7,000,000 | 5,591,000 | 4,707,000 | 4,915,000 | 5,089,000 | 4,936,000 | 3,848,000 | 3,151,000 |
| Bank overdraft | 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 |
| Trade Creditors | 0 | 87,000 | 482,000 | 1,039,000 | 961,000 | 1,590,000 | 1,094,000 | 989,000 | 690,000 | 897,000 | 1,204,000 | 1,336,000 | 635,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 223,000 | 104,000 | 0 | 138,000 |
| other short term finances | 0 | 0 | 160,000 | 0 | 4,000 | 16,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 99,000 | 946,000 | 656,000 | 661,000 | 439,000 | 518,000 | 528,000 | 401,000 | 767,000 | 682,000 | 956,000 | 447,000 | 486,000 |
| total current liabilities | 99,000 | 1,033,000 | 1,298,000 | 1,700,000 | 1,404,000 | 2,124,000 | 1,622,000 | 1,390,000 | 1,457,000 | 1,802,000 | 2,264,000 | 1,783,000 | 1,259,000 |
| loans | 0 | 0 | 88,000 | 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 |
| Accruals and Deferred Income | 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 |
| provisions | 224,000 | 224,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 112,000 | 112,000 | 44,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 211,000 | 1,145,000 | 1,342,000 | 1,700,000 | 1,404,000 | 2,124,000 | 1,622,000 | 1,390,000 | 1,457,000 | 1,802,000 | 2,264,000 | 1,783,000 | 1,259,000 |
| net assets | 132,000 | 98,000 | 2,164,000 | 3,852,000 | 5,159,000 | 4,876,000 | 3,969,000 | 3,317,000 | 3,458,000 | 3,287,000 | 2,672,000 | 2,065,000 | 1,892,000 |
| total shareholders funds | 132,000 | 98,000 | 2,164,000 | 3,852,000 | 5,159,000 | 4,876,000 | 3,969,000 | 3,317,000 | 3,458,000 | 3,287,000 | 2,672,000 | 2,065,000 | 1,892,000 |
| Dec 2021 | Mar 2021 | 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 | 65,000 | 134,000 | 277,000 | -315,000 | 271,000 | 911,000 | 629,000 | -139,000 | 170,000 | 615,000 | 604,000 | 173,000 | 470,000 |
| Depreciation | 0 | 161,000 | 180,000 | 20,000 | 24,000 | 29,000 | 24,000 | 26,000 | 43,000 | 42,000 | 37,000 | 41,000 | 50,000 |
| Amortisation | 0 | 0 | 0 | 4,000 | 20,000 | 22,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -30,000 | 0 | -1,000 | -2,000 | 2,000 | 2,000 | 17,000 | 0 | 0 | 0 | 0 | 0 | 6,000 |
| Stock | 0 | 15,000 | 52,000 | -440,000 | -452,000 | 477,000 | -123,000 | 484,000 | 352,000 | -178,000 | 232,000 | 109,000 | 1,313,000 |
| Debtors | 29,000 | 598,000 | -1,240,000 | 1,190,000 | -1,182,000 | 549,000 | 807,000 | -290,000 | 113,000 | -606,000 | 525,000 | 170,000 | 1,090,000 |
| Creditors | 0 | 87,000 | -557,000 | 78,000 | -629,000 | 496,000 | 105,000 | 299,000 | -207,000 | -307,000 | -132,000 | 701,000 | 635,000 |
| Accruals and Deferred Income | 99,000 | 946,000 | -5,000 | 222,000 | -79,000 | -10,000 | 127,000 | -366,000 | 85,000 | -274,000 | 509,000 | -39,000 | 486,000 |
| Deferred Taxes & Provisions | 224,000 | 224,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 329,000 | 939,000 | 1,082,000 | -743,000 | 1,243,000 | 424,000 | 218,000 | -374,000 | -374,000 | 860,000 | 261,000 | 597,000 | -756,000 |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | -17,000 | -3,000 | 0 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -223,000 | 119,000 | 104,000 | -138,000 | 138,000 |
| Other Short Term Loans | 0 | 0 | 160,000 | -4,000 | -12,000 | 16,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 88,000 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -1,000 | -3,000 | -1,000 | 7,000 | 4,000 | 3,000 | 2,000 | 4,000 | 1,000 | 0 | 3,000 | 0 | 7,000 |
| cash flow from financing | 97,000 | 2,162,000 | -1,058,000 | 6,000 | -2,000 | 10,000 | 6,000 | -2,000 | -222,000 | 119,000 | 107,000 | -138,000 | 1,554,000 |
| cash and cash equivalents | |||||||||||||
| cash | 314,000 | 630,000 | -1,052,000 | -1,743,000 | 1,219,000 | 412,000 | 203,000 | -423,000 | -628,000 | 927,000 | 278,000 | 444,000 | 621,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 314,000 | 630,000 | -1,052,000 | -1,743,000 | 1,219,000 | 412,000 | 203,000 | -423,000 | -628,000 | 927,000 | 278,000 | 444,000 | 621,000 |
harrington generators international limited Credit Report and Business Information
Harrington Generators International Limited Competitor Analysis
Perform a competitor analysis for harrington generators international limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
harrington generators international limited Ownership
HARRINGTON GENERATORS INTERNATIONAL LIMITED group structure
Harrington Generators International Limited has no subsidiary companies.
Ultimate parent company
BAKER HUGHES NETHERLANDS HOLDINGS II BV
#0119698
2 parents
HARRINGTON GENERATORS INTERNATIONAL LIMITED
02184794
harrington generators international limited directors
Harrington Generators International Limited currently has 3 directors. The longest serving directors include Mr Christopher Abbott (Aug 2018) and Mr Riccardo Barbieri (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Abbott | England | 62 years | Aug 2018 | - | Director |
| Mr Riccardo Barbieri | England | 53 years | Oct 2022 | - | Director |
| Mr Thomas Burgess | England | 35 years | Oct 2023 | - | Director |
P&L
December 2021turnover
764k
0%
operating profit
65k
0%
gross margin
20.5%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
132k
0%
total assets
343k
0%
cash
314k
0%
net assets
Total assets minus all liabilities
Similar Companies
harrington generators international limited company details
company number
02184794
Type
Private limited with Share Capital
industry
27110 - Manufacture of electric motors, generators and transformers
incorporation date
October 1987
age
37
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
harrington generators & power equipment ltd. (March 2000)
incorporated
UK
address
power house excelsior road, ashby-de-la-zouch, LE65 1BU
last accounts submitted
December 2021
harrington generators international 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 5 charges/mortgages relating to harrington generators international limited. Currently there are 0 open charges and 5 have been satisfied in the past.
harrington generators international limited Companies House Filings - See Documents
| date | description | view/download |
|---|
