hardings transport limited

hardings transport limited Company Information

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Company Number

02357749

Industry

Freight transport by road

 

Directors

Ian Harding

Shareholders

i.t. harding

s.a. harding

Group Structure

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Contact

Registered Address

canister farm reg's way, bardon 22 industrial estate, coalville, leicestershire le67 1fl, LE67 1TE

hardings transport limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of HARDINGS TRANSPORT LIMITED at £1.7m based on a Turnover of £3.8m and 0.44x industry multiple (adjusted for size and gross margin).

hardings transport limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of HARDINGS TRANSPORT LIMITED at £2.1m based on an EBITDA of £483.7k and a 4.28x industry multiple (adjusted for size and gross margin).

hardings transport limited Estimated Valuation

£9.2m

Pomanda estimates the enterprise value of HARDINGS TRANSPORT LIMITED at £9.2m based on Net Assets of £3.8m and 2.4x industry multiple (adjusted for liquidity).

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Hardings Transport Limited Overview

Hardings Transport Limited is a live company located in coalville, LE67 1TE with a Companies House number of 02357749. It operates in the freight transport by road sector, SIC Code 49410. Founded in March 1989, it's largest shareholder is i.t. harding with a 50% stake. Hardings Transport Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with healthy growth in recent years.

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Hardings Transport Limited Health Check

Pomanda's financial health check has awarded Hardings Transport Limited a 4 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 Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £3.8m, make it smaller than the average company (£8.7m)

£3.8m - Hardings Transport Limited

£8.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (9%)

6% - Hardings Transport Limited

9% - Industry AVG

production

Production

with a gross margin of 22.9%, this company has a comparable cost of product (22.9%)

22.9% - Hardings Transport Limited

22.9% - Industry AVG

profitability

Profitability

an operating margin of 7.2% make it more profitable than the average company (5.2%)

7.2% - Hardings Transport Limited

5.2% - Industry AVG

employees

Employees

with 41 employees, this is below the industry average (58)

41 - Hardings Transport Limited

58 - Industry AVG

paystructure

Pay Structure

on an average salary of £40.7k, the company has an equivalent pay structure (£40.7k)

£40.7k - Hardings Transport Limited

£40.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £93.9k, this is less efficient (£130.5k)

£93.9k - Hardings Transport Limited

£130.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 59 days, this is near the average (51 days)

59 days - Hardings Transport Limited

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 21 days, this is quicker than average (29 days)

21 days - Hardings Transport Limited

29 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Hardings Transport Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 19 weeks, this is more cash available to meet short term requirements (14 weeks)

19 weeks - Hardings Transport Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 35.5%, this is a lower level of debt than the average (60.3%)

35.5% - Hardings Transport Limited

60.3% - Industry AVG

HARDINGS TRANSPORT LIMITED financials

EXPORTms excel logo

Hardings Transport Limited's latest turnover from March 2024 is estimated at £3.8 million and the company has net assets of £3.8 million. According to their latest financial statements, Hardings Transport Limited has 41 employees and maintains cash reserves of £374.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover3,849,2223,947,6993,761,8993,208,0563,712,8153,990,1033,507,7643,441,5402,966,7284,305,9754,346,5303,874,6461,975,7321,506,5352,168,823
Other Income Or Grants000000000000000
Cost Of Sales2,966,1393,101,5682,964,4412,564,9582,981,8723,218,3442,802,3532,724,6362,369,3363,480,5193,535,0403,158,5051,600,1361,203,2581,713,629
Gross Profit883,083846,131797,457643,098730,943771,760705,412716,904597,392825,456811,489716,141375,596303,277455,194
Admin Expenses607,557469,40111,94042,820341,599412,623348,622315,313264,890393,195461,922463,305234,337297,840-341,070
Operating Profit275,526376,730785,517600,278389,344359,137356,790401,591332,502432,261349,567252,836141,2595,437796,264
Interest Payable143,510177,627147,563149,169161,820113,17943,11348,36026,9110002382380
Interest Receivable22,41026,9465,1904832572,3212,0817031,1931,2911,26199277648760
Pre-Tax Profit154,425226,049643,143451,593227,780248,279315,758353,934306,784433,552350,829253,828141,7975,686796,324
Tax-38,606-42,949-122,197-85,803-43,278-47,173-59,994-70,787-61,357-91,046-80,691-60,919-36,867-1,592-222,971
Profit After Tax115,819183,100520,946365,790184,502201,106255,764283,147245,427342,506270,138192,909104,9304,094573,353
Dividends Paid000000000000000
Retained Profit115,819183,100520,946365,790184,502201,106255,764283,147245,427342,506270,138192,909104,9304,094573,353
Employee Costs1,670,2661,882,8141,775,2021,447,7791,641,9621,516,6821,455,3451,279,662818,8631,155,7781,134,6011,040,209522,180426,955625,942
Number Of Employees414848424845454026383835181522
EBITDA*483,731614,0911,032,699849,296657,015631,847646,651663,848562,487599,887476,530289,486230,08888,528917,226

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets4,901,2744,907,2374,994,9925,001,6005,012,4455,102,5242,547,6622,634,5452,471,2052,396,5712,142,3201,965,290318,283341,557358,638
Intangible Assets000000000030,32430,32430,32430,3240
Investments & Other27,53326,17525,38723,79422,15929,38334,08432,56130,3240000030,324
Debtors (Due After 1 year)000000000000000
Total Fixed Assets4,928,8074,933,4125,020,3795,025,3945,034,6045,131,9072,581,7462,667,1062,501,5292,396,5712,172,6441,995,614348,607371,881388,962
Stock & work in progress000000000000000
Trade Debtors624,019629,029662,343562,171648,479771,272662,101666,465687,600561,302562,156476,114465,582364,753395,381
Group Debtors000000000000000
Misc Debtors29,60137,12138,17739,18641,53323,70016,6506,2004,790000177,67110,9900
Cash374,904478,792789,256594,665372,315140,736478,231354,212208,230268,939247,377257,162139,495170,87623,958
misc current assets00000000030,32400000
total current assets1,028,5241,144,9421,489,7761,196,0221,062,327935,7081,156,9821,026,877900,620860,565809,533733,276782,748546,619419,339
total assets5,957,3316,078,3546,510,1556,221,4166,096,9316,067,6153,738,7283,693,9833,402,1493,257,1362,982,1772,728,8901,131,355918,500808,301
Bank overdraft249,200265,000290,954228,000216,000144,00062,46758,51533,88800007,3220
Bank loan000000000000000
Trade Creditors 178,549165,234175,810144,244134,279207,673151,127174,506143,307689,628705,926637,400113,14172,885215,154
Group/Directors Accounts00000093,0093,009000000
other short term finances000000000000000
hp & lease commitments80,00049,305106,38994,25083,66770,513157,218162,556124,54200026,90035,9280
other current liabilities497,540575,274445,908389,090467,679372,082380,431345,676340,695000276,062183,0880
total current liabilities1,005,2891,054,8131,019,061855,584901,625794,268751,252744,262645,441689,628705,926637,400416,103299,223215,154
loans876,8431,160,2501,749,6912,103,5982,343,1752,602,414544,572660,992794,134000000
hp & lease commitments46,667049,30697,77865,63964,79926,978121,94478,055000000
Accruals and Deferred Income000000000000000
other liabilities000000000950,6631,059,3221,178,2242,87520,0002,595
provisions184,901135,479147,385140,690128,516132,660143,558150,181151,062128,81571,40537,88029,90021,73017,099
total long term liabilities1,108,4111,295,7291,946,3822,342,0662,537,3302,799,873715,108933,1171,023,2511,079,4781,130,7271,216,10432,77541,73019,694
total liabilities2,113,7002,350,5422,965,4433,197,6503,438,9553,594,1411,466,3601,677,3791,668,6921,769,1061,836,6531,853,504448,878340,953234,848
net assets3,843,6313,727,8123,544,7123,023,7662,657,9762,473,4742,272,3682,016,6041,733,4571,488,0301,145,524875,386682,477577,547573,453
total shareholders funds3,843,6313,727,8123,544,7123,023,7662,657,9762,473,4742,272,3682,016,6041,733,4571,488,0301,145,524875,386682,477577,547573,453
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit275,526376,730785,517600,278389,344359,137356,790401,591332,502432,261349,567252,836141,2595,437796,264
Depreciation208,205237,361247,182249,018267,671272,710289,861262,257229,985167,626126,96336,65088,82983,091120,962
Amortisation000000000000000
Tax-38,606-42,949-122,197-85,803-43,278-47,173-59,994-70,787-61,357-91,046-80,691-60,919-36,867-1,592-222,971
Stock000000000000000
Debtors-12,530-34,37099,163-88,655-104,960116,2216,086-19,725131,088-85486,042-167,139267,510-19,638395,381
Creditors13,315-10,57631,5669,965-73,39456,546-23,37931,199-546,321-16,29868,526524,25940,256-142,269215,154
Accruals and Deferred Income-77,734129,36656,818-78,58995,597-8,34934,7554,981340,69500-276,06292,974183,0880
Deferred Taxes & Provisions49,422-11,9066,69512,174-4,144-10,898-6,623-88122,24757,41033,5257,9808,1704,63117,099
Cash flow from operations442,658712,396906,418795,698736,756505,752585,324648,085186,663550,807411,848651,88367,111152,024531,127
Investing Activities
capital expenditure-202,242-149,606-240,574-238,173-177,592-2,827,572-202,978-425,597-304,619-391,553-303,993-1,683,657-65,555-96,334-479,600
Change in Investments1,3587881,5931,635-7,224-4,7011,5232,23730,3240000-30,32430,324
cash flow from investments-203,600-150,394-242,167-239,808-170,368-2,822,871-204,501-427,834-334,943-391,553-303,993-1,683,657-65,555-66,010-509,924
Financing Activities
Bank loans000000000000000
Group/Directors Accounts00000-9-3,00003,009000000
Other Short Term Loans 000000000000000
Long term loans-283,407-589,441-353,907-239,577-259,2392,057,842-116,420-133,142794,134000000
Hire Purchase and Lease Commitments77,362-106,390-36,33342,72213,994-48,884-100,30481,903202,59700-26,900-9,02835,9280
other long term liabilities00000000-950,663-108,659-118,9021,175,349-17,12517,4052,595
share issue00000000000000100
interest-121,100-150,681-142,373-148,686-161,563-110,858-41,032-47,657-25,7181,2911,26199253824960
cash flow from financing-327,145-846,512-532,613-345,541-406,8081,898,091-260,756-98,89623,359-107,368-117,6411,149,441-25,61553,5822,755
cash and cash equivalents
cash-103,888-310,464194,591222,350231,579-337,495124,019145,982-60,70921,562-9,785117,667-31,381146,91823,958
overdraft-15,800-25,95462,95412,00072,00081,5333,95224,62733,888000-7,3227,3220
change in cash-88,088-284,510131,637210,350159,579-419,028120,067121,355-94,59721,562-9,785117,667-24,059139,59623,958

hardings transport 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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Hardings Transport Limited Competitor Analysis

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Perform a competitor analysis for hardings transport limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in LE67 area or any other competitors across 12 key performance metrics.

hardings transport limited Ownership

HARDINGS TRANSPORT LIMITED group structure

Hardings Transport Limited has no subsidiary companies.

Ultimate parent company

HARDINGS TRANSPORT LIMITED

02357749

HARDINGS TRANSPORT LIMITED Shareholders

i.t. harding 50%
s.a. harding 50%

hardings transport limited directors

Hardings Transport Limited currently has 1 director, Mr Ian Harding serving since Jun 1991.

officercountryagestartendrole
Mr Ian Harding64 years Jun 1991- Director

P&L

March 2024

turnover

3.8m

-2%

operating profit

275.5k

0%

gross margin

23%

+7.04%

turnover

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

Balance Sheet

March 2024

net assets

3.8m

+0.03%

total assets

6m

-0.02%

cash

374.9k

-0.22%

net assets

Total assets minus all liabilities

hardings transport limited company details

company number

02357749

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

March 1989

age

35

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

WITHERINGTON & CO LTD

auditor

-

address

canister farm reg's way, bardon 22 industrial estate, coalville, leicestershire le67 1fl, LE67 1TE

Bank

-

Legal Advisor

-

hardings transport 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 hardings transport limited. Currently there are 3 open charges and 3 have been satisfied in the past.

charges

hardings transport limited Companies House Filings - See Documents

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