harada industries (europe) limited

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harada industries (europe) limited Company Information

Share HARADA INDUSTRIES (EUROPE) LIMITED

Company Number

02400282

Shareholders

harada industry co. ltd

Group Structure

View All

Industry

Wholesale trade of motor vehicle parts and accessories

 

Registered Address

2 bell heath way, woodgate business park, clapgate lane, birmingham, B32 3BZ

harada industries (europe) limited Estimated Valuation

£18.3m

Pomanda estimates the enterprise value of HARADA INDUSTRIES (EUROPE) LIMITED at £18.3m based on a Turnover of £48.8m and 0.37x industry multiple (adjusted for size and gross margin).

harada industries (europe) limited Estimated Valuation

£4.2m

Pomanda estimates the enterprise value of HARADA INDUSTRIES (EUROPE) LIMITED at £4.2m based on an EBITDA of £852k and a 4.88x industry multiple (adjusted for size and gross margin).

harada industries (europe) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of HARADA INDUSTRIES (EUROPE) LIMITED at £0 based on Net Assets of £-804.1k and 2.38x industry multiple (adjusted for liquidity).

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Harada Industries (europe) Limited Overview

Harada Industries (europe) Limited is a live company located in clapgate lane, B32 3BZ with a Companies House number of 02400282. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in July 1989, it's largest shareholder is harada industry co. ltd with a 100% stake. Harada Industries (europe) Limited is a mature, large sized company, Pomanda has estimated its turnover at £48.8m with healthy growth in recent years.

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Harada Industries (europe) Limited Health Check

Pomanda's financial health check has awarded Harada Industries (Europe) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £48.8m, make it larger than the average company (£16.8m)

£48.8m - Harada Industries (europe) Limited

£16.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (9.4%)

8% - Harada Industries (europe) Limited

9.4% - Industry AVG

production

Production

with a gross margin of 7.8%, this company has a higher cost of product (28.5%)

7.8% - Harada Industries (europe) Limited

28.5% - Industry AVG

profitability

Profitability

an operating margin of 1.5% make it less profitable than the average company (5.4%)

1.5% - Harada Industries (europe) Limited

5.4% - Industry AVG

employees

Employees

with 29 employees, this is below the industry average (52)

29 - Harada Industries (europe) Limited

52 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.8k, the company has a higher pay structure (£37.8k)

£50.8k - Harada Industries (europe) Limited

£37.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.7m, this is more efficient (£289.4k)

£1.7m - Harada Industries (europe) Limited

£289.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 28 days, this is earlier than average (50 days)

28 days - Harada Industries (europe) Limited

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 13 days, this is quicker than average (38 days)

13 days - Harada Industries (europe) Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 56 days, this is less than average (101 days)

56 days - Harada Industries (europe) Limited

101 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 14 weeks, this is more cash available to meet short term requirements (9 weeks)

14 weeks - Harada Industries (europe) Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 104%, this is a higher level of debt than the average (50%)

104% - Harada Industries (europe) Limited

50% - Industry AVG

HARADA INDUSTRIES (EUROPE) LIMITED financials

EXPORTms excel logo

Harada Industries (Europe) Limited's latest turnover from December 2023 is £48.8 million and the company has net assets of -£804.1 thousand. According to their latest financial statements, Harada Industries (Europe) Limited has 29 employees and maintains cash reserves of £5.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover48,837,94843,856,07141,345,31138,827,60840,856,85333,509,84633,927,98430,913,93623,217,36122,316,52020,420,09316,059,81912,909,2399,559,8516,554,455
Other Income Or Grants
Cost Of Sales45,008,83442,713,56042,630,09036,256,50334,627,61728,089,94929,419,87425,959,07821,457,49620,190,52817,828,23013,531,55610,005,6317,395,3205,139,649
Gross Profit3,829,1141,142,511-1,284,7792,571,1056,229,2365,419,8974,508,1104,954,8581,759,8652,125,9922,591,8632,528,2632,903,6082,164,5311,414,806
Admin Expenses3,080,7753,526,2052,900,1823,027,6403,279,4592,865,0013,132,5983,857,5102,967,4902,458,4692,447,4422,421,9902,191,5511,950,4602,113,528
Operating Profit748,339-2,383,694-4,184,961-456,5352,949,7772,554,8961,375,5121,097,348-1,207,625-332,477144,421106,273712,057214,071-698,722
Interest Payable956,378266,37141,50059,105103,267170,544234,063217,10276,38148,31743,65563,71057,32855,31591,547
Interest Receivable239,27932,905225,76058,84346,60416,25734661571132422,6847382,304
Pre-Tax Profit31,240-2,617,160-4,226,439-509,8802,905,3532,430,9561,157,706880,280-1,283,940-380,637100,87942,805657,413159,494-787,965
Tax-47,483-21,5181,102,024111,763-551,277215,3245,702-2,771-2,93214,512
Profit After Tax-16,243-2,638,678-3,124,415-398,1172,354,0762,646,2801,157,706880,280-1,283,940-374,935100,87940,034654,481159,494-773,453
Dividends Paid
Retained Profit-16,243-2,638,678-3,124,415-398,1172,354,0762,646,2801,157,706880,280-1,283,940-374,935100,87940,034654,481159,494-773,453
Employee Costs1,473,3461,500,1321,560,3551,571,4861,679,2741,530,1861,368,4071,344,9201,212,9221,123,6131,056,361974,599954,020891,767861,799
Number Of Employees293132343535353431313127252526
EBITDA*851,979-2,255,801-4,056,688-314,2523,073,6952,685,6221,523,5801,243,557-1,106,980-257,858226,309178,131776,659285,113-580,703

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets715,886816,056935,1871,038,1961,152,6761,142,8651,269,2791,319,7241,424,8151,141,1721,377,8601,407,8991,436,8831,446,6391,513,311
Intangible Assets
Investments & Other-304,633
Debtors (Due After 1 year)288,819295,981295,143298,305301,464304,633307,792310,953314,115317,278
Total Fixed Assets1,004,7051,112,0371,230,3301,336,5011,454,1401,142,8651,577,0711,630,6771,738,9301,458,4501,377,8601,407,8991,436,8831,446,6391,513,311
Stock & work in progress6,911,17215,736,71510,178,1908,067,6689,710,5248,867,4217,312,7337,604,2657,215,5536,135,0524,878,5086,008,8703,407,3242,813,8861,794,441
Trade Debtors3,762,7804,894,7303,583,8815,494,5513,704,1603,483,1643,387,9514,065,0352,857,9822,957,2482,539,3671,644,6361,969,3541,419,235948,974
Group Debtors967,374869,538892,2991,205,6281,015,7901,486,529463,631821,132231,313257,662329,646636,800203,123204,092135,318
Misc Debtors1,776,7782,003,1972,010,610980,823981,775892,414906,864586,065492,025517,783407,117399,644316,999326,580161,652
Cash5,654,5133,791,9601,550,5203,849,7225,826,9014,930,0745,717,6042,916,482768,8921,672,1281,890,9691,607,9151,437,3041,496,6711,973,519
misc current assets112,407112,968
total current assets19,072,61727,296,14018,327,90719,711,36021,239,15019,964,23517,788,78315,992,97911,565,76511,539,87310,045,60710,297,8657,334,1046,260,4645,013,904
total assets20,077,32228,408,17719,558,23721,047,86122,693,29021,107,10019,365,85417,623,65613,304,69512,998,32311,423,46711,705,7648,770,9877,707,1036,527,215
Bank overdraft
Bank loan
Trade Creditors 1,721,0061,901,7072,147,9232,858,5721,756,2972,373,2481,576,3681,427,143596,212561,676656,319431,666761,202371,427273,561
Group/Directors Accounts18,796,61526,754,74414,659,55612,642,62512,453,95314,565,95213,948,45011,469,54510,006,9417,955,6648,537,7575,384,4895,384,0944,515,020
other short term finances
hp & lease commitments
other current liabilities363,789539,571899,925571,416609,674381,905350,524532,759403,914310,742317,585343,321272,310253,077199,623
total current liabilities20,881,41029,196,02217,707,40416,072,61314,819,92415,587,81016,492,84415,908,35212,469,67110,879,3598,929,5689,312,7446,418,0016,008,5984,988,204
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities20,881,41029,196,02217,707,40416,072,61314,819,92415,587,81016,492,84415,908,35212,469,67110,879,3598,929,5689,312,7446,418,0016,008,5984,988,204
net assets-804,088-787,8451,850,8334,975,2487,873,3665,519,2902,873,0101,715,304835,0242,118,9642,493,8992,393,0202,352,9861,698,5051,539,011
total shareholders funds-804,088-787,8451,850,8334,975,2487,873,3665,519,2902,873,0101,715,304835,0242,118,9642,493,8992,393,0202,352,9861,698,5051,539,011
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit748,339-2,383,694-4,184,961-456,5352,949,7772,554,8961,375,5121,097,348-1,207,625-332,477144,421106,273712,057214,071-698,722
Depreciation103,640127,893128,273142,283123,918130,726148,068146,209100,64574,61981,88871,85864,60271,042118,019
Amortisation
Tax-47,483-21,5181,102,024111,763-551,277215,3245,702-2,771-2,93214,512
Stock-8,825,5435,558,5252,110,522-1,642,856843,1031,554,688-291,532388,7121,080,5011,256,544-1,130,3622,601,546593,4381,019,4451,794,441
Debtors-1,267,6951,281,513-1,197,3741,976,118-163,5511,100,502-716,9471,887,750-154,536773,841595,050191,604539,569703,9631,245,944
Creditors-180,701-246,216-710,6491,102,275-616,951796,880149,225830,93134,536-94,643224,653-329,536389,77597,866273,561
Accruals and Deferred Income-175,782-360,354328,509-38,258227,76931,381-182,235128,84593,172-6,843-25,73671,01119,23353,454199,623
Deferred Taxes & Provisions
Cash flow from operations10,541,251-9,723,927-4,249,952528,2661,453,6841,074,0172,499,049-73,129-1,905,237-2,384,027960,538-2,876,31549,728-1,286,975-3,133,392
Investing Activities
capital expenditure-3,470-8,762-25,264-27,803-133,729-4,312-97,623-41,118-384,288162,069-51,849-42,874-54,846-4,370-1,631,330
Change in Investments304,633-304,633
cash flow from investments-3,470-8,762-25,264-27,803-438,362300,321-97,623-41,118-384,288162,069-51,849-42,874-54,846-4,370-1,631,330
Financing Activities
Bank loans
Group/Directors Accounts-7,958,12912,095,1882,016,931188,67212,453,953-14,565,952617,5022,478,9051,462,6042,051,277-582,0933,153,268395869,0744,515,020
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-2,500,0012,312,464
interest-717,099-233,466-41,478-53,345-44,424-123,940-217,806-217,068-76,315-48,160-43,542-63,468-54,644-54,577-89,243
cash flow from financing-8,675,22811,861,7221,975,453-2,364,67412,409,529-14,689,892399,6962,261,8371,386,2892,003,117-625,6353,089,800-54,249814,4976,738,241
cash and cash equivalents
cash1,862,5532,241,440-2,299,202-1,977,179896,827-787,5302,801,1222,147,590-903,236-218,841283,054170,611-59,367-476,8481,973,519
overdraft
change in cash1,862,5532,241,440-2,299,202-1,977,179896,827-787,5302,801,1222,147,590-903,236-218,841283,054170,611-59,367-476,8481,973,519

harada industries (europe) limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Harada Industries (europe) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for harada industries (europe) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in B32 area or any other competitors across 12 key performance metrics.

harada industries (europe) limited Ownership

HARADA INDUSTRIES (EUROPE) LIMITED group structure

Harada Industries (Europe) Limited has no subsidiary companies.

Ultimate parent company

HARADA INDUSTRY CO. LTD

#0076555

1 parent

HARADA INDUSTRIES (EUROPE) LIMITED

02400282

HARADA INDUSTRIES (EUROPE) LIMITED Shareholders

harada industry co. ltd 100%

harada industries (europe) limited directors

Harada Industries (Europe) Limited currently has 4 directors. The longest serving directors include Mr Shoji Harada (Jul 2005) and Mr Yasuharu Miyake (Jul 2019).

officercountryagestartendrole
Mr Shoji Harada71 years Jul 2005- Director
Mr Yasuharu Miyake64 years Jul 2019- Director
Mr Satoru KamiyamaUnited Kingdom67 years Nov 2022- Director
Mr Koji MorimotoUnited Kingdom54 years Dec 2022- Director

P&L

December 2023

turnover

48.8m

+11%

operating profit

748.3k

-131%

gross margin

7.9%

+200.96%

turnover

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

Balance Sheet

December 2023

net assets

-804.1k

+0.02%

total assets

20.1m

-0.29%

cash

5.7m

+0.49%

net assets

Total assets minus all liabilities

harada industries (europe) limited company details

company number

02400282

Type

Private limited with Share Capital

industry

45310 - Wholesale trade of motor vehicle parts and accessories

incorporation date

July 1989

age

36

incorporated

UK

ultimate parent company

HARADA INDUSTRY CO. LTD

accounts

Full Accounts

last accounts submitted

December 2023

previous names

harada industries company limited (September 1989)

harada industry (europe) limited (August 1989)

accountant

-

auditor

ERNST & YOUNG LLP

address

2 bell heath way, woodgate business park, clapgate lane, birmingham, B32 3BZ

Bank

MIZUHO CORPORATE BANK LTD

Legal Advisor

GEORGE GREEN LLP

harada industries (europe) 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 1 charges/mortgages relating to harada industries (europe) limited. Currently there are 0 open charges and 1 have been satisfied in the past.

harada industries (europe) limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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harada industries (europe) limited Companies House Filings - See Documents

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