a.w. hockin (builders) limited

a.w. hockin (builders) limited Company Information

Share A.W. HOCKIN (BUILDERS) LIMITED
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Company Number

02329478

Industry

Construction of commercial buildings

 

Shareholders

anthony william hockin

elaine may hockin

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Group Structure

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Contact

Registered Address

69 high street, bideford, devon, EX39 2AT

a.w. hockin (builders) limited Estimated Valuation

£775.2k

Pomanda estimates the enterprise value of A.W. HOCKIN (BUILDERS) LIMITED at £775.2k based on a Turnover of £2.3m and 0.34x industry multiple (adjusted for size and gross margin).

a.w. hockin (builders) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of A.W. HOCKIN (BUILDERS) LIMITED at £0 based on an EBITDA of £-67.7k and a 2.78x industry multiple (adjusted for size and gross margin).

a.w. hockin (builders) limited Estimated Valuation

£605

Pomanda estimates the enterprise value of A.W. HOCKIN (BUILDERS) LIMITED at £605 based on Net Assets of £403 and 1.5x industry multiple (adjusted for liquidity).

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A.w. Hockin (builders) Limited Overview

A.w. Hockin (builders) Limited is a live company located in devon, EX39 2AT with a Companies House number of 02329478. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in December 1988, it's largest shareholder is anthony william hockin with a 40% stake. A.w. Hockin (builders) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with rapid growth in recent years.

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A.w. Hockin (builders) Limited Health Check

Pomanda's financial health check has awarded A.W. Hockin (Builders) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

annual sales of £2.3m, make it smaller than the average company (£8.5m)

£2.3m - A.w. Hockin (builders) Limited

£8.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (8.7%)

43% - A.w. Hockin (builders) Limited

8.7% - Industry AVG

production

Production

with a gross margin of 8%, this company has a higher cost of product (15%)

8% - A.w. Hockin (builders) Limited

15% - Industry AVG

profitability

Profitability

an operating margin of -3.6% make it less profitable than the average company (3.7%)

-3.6% - A.w. Hockin (builders) Limited

3.7% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (26)

8 - A.w. Hockin (builders) Limited

26 - Industry AVG

paystructure

Pay Structure

on an average salary of £52.4k, the company has an equivalent pay structure (£52.4k)

£52.4k - A.w. Hockin (builders) Limited

£52.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £281.4k, this is equally as efficient (£314.1k)

£281.4k - A.w. Hockin (builders) Limited

£314.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 7 days, this is earlier than average (45 days)

7 days - A.w. Hockin (builders) Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 169 days, this is slower than average (40 days)

169 days - A.w. Hockin (builders) Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 132 days, this is more than average (11 days)

132 days - A.w. Hockin (builders) Limited

11 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (21 weeks)

0 weeks - A.w. Hockin (builders) Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (71.1%)

100% - A.w. Hockin (builders) Limited

71.1% - Industry AVG

A.W. HOCKIN (BUILDERS) LIMITED financials

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A.W. Hockin (Builders) Limited's latest turnover from January 2024 is estimated at £2.3 million and the company has net assets of £403. According to their latest financial statements, A.W. Hockin (Builders) Limited has 8 employees and maintains cash reserves of £2.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Turnover2,251,5391,461,4901,197,429770,326857,9552,152,8101,224,3571,210,3581,414,119908,0101,063,7501,075,7421,833,844919,1871,222,823
Other Income Or Grants000000000000000
Cost Of Sales2,070,4231,351,6091,101,698710,598786,4021,967,4021,118,7431,102,6361,299,882837,342979,953991,0961,683,081832,8571,115,124
Gross Profit181,116109,88195,73159,72771,554185,408105,614107,722114,23770,66983,79784,645150,76386,330107,698
Admin Expenses262,945166,787173,643160,704221,614194,46468,36768,007433,31185,332-36,234107,719133,297118,958-854,082
Operating Profit-81,829-56,906-77,912-100,977-150,060-9,05637,24739,715-319,074-14,663120,031-23,07417,466-32,628961,780
Interest Payable0011010800000000000
Interest Receivable9122,1511776932984138120287828982283368542174
Pre-Tax Profit-80,917-54,755-77,846-101,016-149,731-8,97237,38539,835-318,787-13,835121,013-22,79117,834-32,086961,954
Tax000000-7,103-7,96700-27,8330-4,6370-269,347
Profit After Tax-80,917-54,755-77,846-101,016-149,731-8,97230,28231,868-318,787-13,83593,180-22,79113,197-32,086692,607
Dividends Paid000000000000000
Retained Profit-80,917-54,755-77,846-101,016-149,731-8,97230,28231,868-318,787-13,83593,180-22,79113,197-32,086692,607
Employee Costs419,468409,791443,189389,765441,463478,117506,676497,054462,22681,708118,094116,601189,396112,728109,860
Number Of Employees8898910111111233533
EBITDA*-67,749-45,850-70,260-93,133-140,503-1,76842,09744,663-313,326-10,309123,740-18,95921,906-28,818965,625

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Tangible Assets98,94891,37550,96756,03763,69441,02330,49231,06936,01728,72522,05322,75625,89923,91026,294
Intangible Assets000000000000000
Investments & Other000000000233,25600000
Debtors (Due After 1 year)78,51364,93669,36264,17353,56719,31209,32722,993000000
Total Fixed Assets177,461156,311120,329120,210117,26160,33530,49240,39659,010261,98122,05322,75625,89923,91026,294
Stock & work in progress749,371449,731314,81518,3397,50012,200478,964537,545513,358497,846442,785545,032279,956440,017358,618
Trade Debtors44,24148,96168,229184,608213,211707,739161,72097,681130,125116,716212,986193,299582,874207,888348,357
Group Debtors000000000000000
Misc Debtors000000000000000
Cash2,55932,17190,75250,54887,725122,39232,81262,93051,808279,484113,2753147,15669,720
misc current assets000000000000000
total current assets796,171530,863473,796253,495308,436719,940663,076668,038706,413666,370935,255851,606862,833795,061776,695
total assets973,632687,174594,125373,705425,697780,275693,568708,434765,423928,351957,308874,362888,732818,971802,989
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 959,062581,687423,883116,095110,763315,610219,234265,079353,936192,332209,267219,466210,547154,365106,030
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities000000000000000
total current liabilities959,062581,687423,883116,095110,763315,610219,234265,079353,936192,332209,267219,466210,547154,365106,030
loans0003,53200000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities14,16724,16734,16740,15700000000000
provisions000000697005,7453,9323,9674,4654,0834,350
total long term liabilities14,16724,16734,16743,68900697005,7453,9323,9674,4654,0834,350
total liabilities973,229605,854458,050159,784110,763315,610219,931265,079353,936198,077213,199223,433215,012158,448110,380
net assets40381,320136,075213,921314,934464,665473,637443,355411,487730,274744,109650,929673,720660,523692,609
total shareholders funds40381,320136,075213,921314,934464,665473,637443,355411,487730,274744,109650,929673,720660,523692,609
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit-81,829-56,906-77,912-100,977-150,060-9,05637,24739,715-319,074-14,663120,031-23,07417,466-32,628961,780
Depreciation14,08011,0567,6527,8449,5577,2884,8504,9485,7484,3543,7094,1154,4403,8103,845
Amortisation000000000000000
Tax000000-7,103-7,96700-27,8330-4,6370-269,347
Stock299,640134,916296,47610,839-4,700-466,764-58,58124,18715,51255,061-102,247265,076-160,06181,399358,618
Debtors8,857-23,694-111,190-17,997-460,273565,33154,712-46,11036,402-96,27019,687-389,575374,986-140,469348,357
Creditors377,375157,804307,7885,332-204,84796,376-45,845-88,857161,604-16,935-10,1998,91956,18248,335106,030
Accruals and Deferred Income000000000000000
Deferred Taxes & Provisions00000-6976970-5,7451,813-35-498382-2674,350
Cash flow from operations1,12973252,242-80,643119,623-4,656-6,285-30,238-209,38115,778168,233113,961-141,09278,32099,683
Investing Activities
capital expenditure-21,653-51,464-2,582-187-32,228-17,819-4,2730-13,040-11,026-3,006-972-6,429-1,426-30,139
Change in Investments00000000-233,256233,25600000
cash flow from investments-21,653-51,464-2,582-187-32,228-17,819-4,2730220,216-244,282-3,006-972-6,429-1,426-30,139
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans00-3,5323,53200000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities-10,000-10,000-5,99040,15700000000000
share issue000300000000002
interest9122,15167-3932984138120287828982283368542174
cash flow from financing-9,088-7,849-9,45543,65332984138120287828982283368542176
cash and cash equivalents
cash-29,612-58,58140,204-37,17787,724-22,391-10,420-30,11811,122-227,676166,209113,272-147,15377,43669,720
overdraft000000000000000
change in cash-29,612-58,58140,204-37,17787,724-22,391-10,420-30,11811,122-227,676166,209113,272-147,15377,43669,720

a.w. hockin (builders) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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A.w. Hockin (builders) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for a.w. hockin (builders) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in EX39 area or any other competitors across 12 key performance metrics.

a.w. hockin (builders) limited Ownership

A.W. HOCKIN (BUILDERS) LIMITED group structure

A.W. Hockin (Builders) Limited has no subsidiary companies.

Ultimate parent company

A.W. HOCKIN (BUILDERS) LIMITED

02329478

A.W. HOCKIN (BUILDERS) LIMITED Shareholders

anthony william hockin 40%
elaine may hockin 40%
marc william hockin 20%

a.w. hockin (builders) limited directors

A.W. Hockin (Builders) Limited currently has 3 directors. The longest serving directors include Mrs Elaine Hockin (Dec 1990) and Mr Anthony Hockin (Dec 1990).

officercountryagestartendrole
Mrs Elaine Hockin63 years Dec 1990- Director
Mr Anthony Hockin66 years Dec 1990- Director
Mr Marc HockinEngland40 years Mar 2020- Director

P&L

January 2024

turnover

2.3m

+54%

operating profit

-81.8k

0%

gross margin

8.1%

+6.99%

turnover

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

Balance Sheet

January 2024

net assets

403

-1%

total assets

973.6k

+0.42%

cash

2.6k

-0.92%

net assets

Total assets minus all liabilities

a.w. hockin (builders) limited company details

company number

02329478

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

December 1988

age

36

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

January 2024

previous names

tackreach limited (February 1989)

accountant

R T MARKE & CO LTD

auditor

-

address

69 high street, bideford, devon, EX39 2AT

Bank

-

Legal Advisor

-

a.w. hockin (builders) 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 6 charges/mortgages relating to a.w. hockin (builders) limited. Currently there are 5 open charges and 1 have been satisfied in the past.

charges

a.w. hockin (builders) limited Companies House Filings - See Documents

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