honda trading europe limited
honda trading europe limited Company Information
Company Number
02465436
Website
www.hondatrading.eu.comRegistered Address
1 more london place, london, SE1 2AF
Industry
Wholesale of other intermediate products
Wholesale of metals and metal ores
Telephone
-
Next Accounts Due
168 days late
Group Structure
View All
Shareholders
honda trading corp 100%
honda trading europe limited Estimated Valuation
Pomanda estimates the enterprise value of HONDA TRADING EUROPE LIMITED at £69.7m based on a Turnover of £222.3m and 0.31x industry multiple (adjusted for size and gross margin).
honda trading europe limited Estimated Valuation
Pomanda estimates the enterprise value of HONDA TRADING EUROPE LIMITED at £9.8m based on an EBITDA of £2.4m and a 4.07x industry multiple (adjusted for size and gross margin).
honda trading europe limited Estimated Valuation
Pomanda estimates the enterprise value of HONDA TRADING EUROPE LIMITED at £61.7m based on Net Assets of £38.4m and 1.61x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Honda Trading Europe Limited Overview
Honda Trading Europe Limited is a live company located in london, SE1 2AF with a Companies House number of 02465436. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in January 1990, it's largest shareholder is honda trading corp with a 100% stake. Honda Trading Europe Limited is a mature, mega sized company, Pomanda has estimated its turnover at £222.3m with declining growth in recent years.
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Honda Trading Europe Limited Health Check
Pomanda's financial health check has awarded Honda Trading Europe Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
5 Weak
Size
annual sales of £222.3m, make it larger than the average company (£18.3m)
£222.3m - Honda Trading Europe Limited
£18.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (1.8%)
-23% - Honda Trading Europe Limited
1.8% - Industry AVG
Production
with a gross margin of 4.1%, this company has a higher cost of product (22.3%)
4.1% - Honda Trading Europe Limited
22.3% - Industry AVG
Profitability
an operating margin of 1% make it less profitable than the average company (6.8%)
1% - Honda Trading Europe Limited
6.8% - Industry AVG
Employees
with 47 employees, this is above the industry average (28)
47 - Honda Trading Europe Limited
28 - Industry AVG
Pay Structure
on an average salary of £70.7k, the company has a higher pay structure (£44.7k)
£70.7k - Honda Trading Europe Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £4.7m, this is more efficient (£550.3k)
£4.7m - Honda Trading Europe Limited
£550.3k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (69 days)
4 days - Honda Trading Europe Limited
69 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (49 days)
13 days - Honda Trading Europe Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 17 days, this is less than average (77 days)
17 days - Honda Trading Europe Limited
77 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (11 weeks)
52 weeks - Honda Trading Europe Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.2%, this is a lower level of debt than the average (53.8%)
46.2% - Honda Trading Europe Limited
53.8% - Industry AVG
HONDA TRADING EUROPE LIMITED financials
Honda Trading Europe Limited's latest turnover from March 2022 is £222.3 million and the company has net assets of £38.4 million. According to their latest financial statements, Honda Trading Europe Limited has 47 employees and maintains cash reserves of £32.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 222,265,000 | 329,046,000 | 382,169,000 | 492,327,000 | 541,492,000 | 452,280,000 | 347,690,000 | 373,182,000 | 389,354,000 | 389,782,000 | 328,764,000 | 363,931,000 | 281,923,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 213,259,000 | 321,227,000 | 370,145,000 | 476,502,000 | 527,178,000 | 440,760,000 | 339,022,000 | 363,011,000 | 377,062,000 | 378,944,000 | 320,359,000 | 353,286,000 | 273,234,000 |
| Gross Profit | 9,006,000 | 7,819,000 | 12,024,000 | 15,825,000 | 14,314,000 | 11,520,000 | 8,668,000 | 10,171,000 | 12,292,000 | 10,838,000 | 8,405,000 | 10,645,000 | 8,689,000 |
| Admin Expenses | 6,750,000 | 6,326,000 | 11,169,000 | 8,104,000 | 6,755,000 | 6,027,000 | 5,314,000 | 5,046,000 | 5,806,000 | 6,411,000 | 6,257,000 | 6,332,000 | 4,828,000 |
| Operating Profit | 2,256,000 | 1,493,000 | 855,000 | 7,721,000 | 7,559,000 | 5,493,000 | 3,354,000 | 5,125,000 | 6,486,000 | 4,427,000 | 2,148,000 | 4,313,000 | 3,861,000 |
| Interest Payable | 57,000 | 154,000 | 479,000 | 582,000 | 305,000 | 175,000 | 139,000 | 215,000 | 129,000 | 276,000 | 104,000 | 350,000 | 152,000 |
| Interest Receivable | 49,000 | 20,000 | 112,000 | 18,000 | 6,000 | 10,000 | 2,000 | 246,000 | 206,000 | 204,000 | 174,000 | 10,000 | |
| Pre-Tax Profit | 2,248,000 | 1,359,000 | 488,000 | 7,228,000 | 7,209,000 | 5,656,000 | 2,812,000 | 4,540,000 | 6,603,000 | 4,554,000 | 2,321,000 | 4,139,000 | 3,433,000 |
| Tax | -597,000 | -565,000 | -90,000 | -1,504,000 | -1,484,000 | -1,247,000 | -737,000 | -1,038,000 | -1,612,000 | -1,161,000 | -704,000 | -1,440,000 | -1,055,000 |
| Profit After Tax | 1,651,000 | 794,000 | 398,000 | 5,724,000 | 5,725,000 | 4,409,000 | 2,075,000 | 3,502,000 | 4,991,000 | 3,393,000 | 1,617,000 | 2,699,000 | 2,378,000 |
| Dividends Paid | 397,000 | 199,000 | 2,862,000 | 1,718,000 | 1,323,000 | 1,038,000 | 1,723,000 | 1,497,000 | 1,697,000 | 0 | 810,000 | 713,000 | 1,410,000 |
| Retained Profit | 1,254,000 | 595,000 | -2,464,000 | 4,006,000 | 4,402,000 | 3,371,000 | 352,000 | 2,005,000 | 3,294,000 | 3,393,000 | 807,000 | 1,986,000 | 968,000 |
| Employee Costs | 3,321,000 | 4,134,000 | 5,031,000 | 4,865,000 | 4,043,000 | 3,822,000 | 3,118,000 | 2,897,000 | 3,484,000 | 4,134,000 | 3,687,000 | 3,627,000 | 3,288,000 |
| Number Of Employees | 47 | 73 | 85 | 91 | 84 | 80 | 72 | 55 | 62 | 72 | 80 | 77 | 75 |
| EBITDA* | 2,408,000 | 1,787,000 | 1,045,000 | 7,927,000 | 7,716,000 | 5,608,000 | 3,430,000 | 5,195,000 | 6,564,000 | 4,598,000 | 2,367,000 | 4,569,000 | 4,087,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 22,000 | 175,000 | 393,000 | 512,000 | 267,000 | 244,000 | 143,000 | 167,000 | 113,000 | 81,000 | 250,000 | 353,000 | 378,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 253,000 | 253,000 | 253,000 | 253,000 | 1,192,000 | 1,261,000 | 1,261,000 | 1,561,000 | 1,561,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 22,000 | 175,000 | 393,000 | 512,000 | 520,000 | 497,000 | 396,000 | 420,000 | 1,305,000 | 1,342,000 | 1,511,000 | 1,914,000 | 1,939,000 |
| Stock & work in progress | 10,222,000 | 23,833,000 | 28,824,000 | 27,070,000 | 29,076,000 | 28,233,000 | 20,082,000 | 16,092,000 | 15,826,000 | 21,838,000 | 21,110,000 | 19,616,000 | 15,384,000 |
| Trade Debtors | 2,513,000 | 10,182,000 | 8,804,000 | 11,002,000 | 15,902,000 | 15,394,000 | 10,225,000 | 9,736,000 | 12,043,000 | 13,732,000 | 17,502,000 | 15,994,000 | 13,955,000 |
| Group Debtors | 23,341,000 | 44,984,000 | 35,040,000 | 0 | 44,947,000 | 51,783,000 | 35,410,000 | 32,315,000 | 29,232,000 | 38,179,000 | 40,511,000 | 31,680,000 | 34,755,000 |
| Misc Debtors | 2,481,000 | 3,191,000 | 7,288,000 | 0 | 6,952,000 | 5,993,000 | 7,450,000 | 10,647,000 | 19,913,000 | 8,881,000 | 9,511,000 | 4,567,000 | 1,312,000 |
| Cash | 32,765,000 | 34,620,000 | 28,554,000 | 22,500,000 | 26,237,000 | 10,740,000 | 9,084,000 | 7,131,000 | 15,770,000 | 6,757,000 | 3,595,000 | 4,269,000 | 4,552,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 71,322,000 | 116,810,000 | 108,510,000 | 115,071,000 | 123,114,000 | 112,143,000 | 82,251,000 | 75,921,000 | 92,784,000 | 89,387,000 | 92,229,000 | 76,126,000 | 69,958,000 |
| total assets | 71,344,000 | 116,985,000 | 108,903,000 | 115,583,000 | 123,634,000 | 112,640,000 | 82,647,000 | 76,341,000 | 94,089,000 | 90,729,000 | 93,740,000 | 78,040,000 | 71,897,000 |
| Bank overdraft | 0 | 0 | 0 | 20,466,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 5,375,000 | 20,286,000 | 22,273,000 | 0 | 20,254,000 | 19,623,000 | 8,816,000 | 7,298,000 | 16,536,000 | 15,164,000 | 11,353,000 | 11,884,000 | 15,729,000 |
| Trade Creditors | 7,821,000 | 20,136,000 | 20,875,000 | 20,580,000 | 22,659,000 | 27,156,000 | 22,725,000 | 17,664,000 | 30,957,000 | 15,597,000 | 21,931,000 | 20,564,000 | 14,553,000 |
| Group/Directors Accounts | 11,215,000 | 22,562,000 | 16,490,000 | 0 | 24,555,000 | 22,227,000 | 16,500,000 | 13,936,000 | 14,872,000 | 25,426,000 | 25,660,000 | 17,150,000 | 15,308,000 |
| other short term finances | 311,000 | 171,000 | 0 | 21,244,000 | 0 | 0 | 43,000 | 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 | 7,602,000 | 14,936,000 | 9,279,000 | 0 | 20,064,000 | 11,815,000 | 6,250,000 | 9,660,000 | 5,159,000 | 11,664,000 | 15,269,000 | 9,357,000 | 7,865,000 |
| total current liabilities | 32,324,000 | 78,091,000 | 68,917,000 | 75,766,000 | 87,532,000 | 80,821,000 | 54,334,000 | 48,558,000 | 67,524,000 | 67,851,000 | 74,213,000 | 58,955,000 | 53,455,000 |
| loans | 0 | 0 | 695,000 | 0 | 0 | 0 | 0 | 0 | 542,000 | 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 | 642,000 | 643,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 1,086,000 | 2,414,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,167,000 |
| total long term liabilities | 642,000 | 1,729,000 | 3,109,000 | 716,000 | 324,000 | 641,000 | 1,340,000 | 1,708,000 | 1,016,000 | 714,000 | 644,000 | 651,000 | 2,185,000 |
| total liabilities | 32,966,000 | 79,820,000 | 72,026,000 | 76,482,000 | 87,856,000 | 81,462,000 | 55,674,000 | 50,266,000 | 68,540,000 | 68,565,000 | 74,857,000 | 59,606,000 | 55,640,000 |
| net assets | 38,378,000 | 37,165,000 | 36,877,000 | 39,101,000 | 35,778,000 | 31,178,000 | 26,973,000 | 26,075,000 | 25,549,000 | 22,164,000 | 18,883,000 | 18,434,000 | 16,257,000 |
| total shareholders funds | 38,378,000 | 37,165,000 | 36,877,000 | 39,101,000 | 35,778,000 | 31,178,000 | 26,973,000 | 26,075,000 | 25,549,000 | 22,164,000 | 18,883,000 | 18,434,000 | 16,257,000 |
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 2,256,000 | 1,493,000 | 855,000 | 7,721,000 | 7,559,000 | 5,493,000 | 3,354,000 | 5,125,000 | 6,486,000 | 4,427,000 | 2,148,000 | 4,313,000 | 3,861,000 |
| Depreciation | 152,000 | 294,000 | 190,000 | 206,000 | 157,000 | 115,000 | 76,000 | 70,000 | 78,000 | 171,000 | 219,000 | 256,000 | 226,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -597,000 | -565,000 | -90,000 | -1,504,000 | -1,484,000 | -1,247,000 | -737,000 | -1,038,000 | -1,612,000 | -1,161,000 | -704,000 | -1,440,000 | -1,055,000 |
| Stock | -13,611,000 | -4,991,000 | 1,754,000 | -2,006,000 | 843,000 | 8,151,000 | 3,990,000 | 266,000 | -6,012,000 | 728,000 | 1,494,000 | 4,232,000 | 15,384,000 |
| Debtors | -30,022,000 | 7,225,000 | 40,130,000 | -56,799,000 | -5,369,000 | 20,085,000 | 387,000 | -8,490,000 | 396,000 | -6,732,000 | 15,283,000 | 2,219,000 | 50,022,000 |
| Creditors | -12,315,000 | -739,000 | 295,000 | -2,079,000 | -4,497,000 | 4,431,000 | 5,061,000 | -13,293,000 | 15,360,000 | -6,334,000 | 1,367,000 | 6,011,000 | 14,553,000 |
| Accruals and Deferred Income | -7,334,000 | 5,657,000 | 9,279,000 | -20,064,000 | 8,249,000 | 5,565,000 | -3,410,000 | 4,501,000 | -6,505,000 | -3,605,000 | 5,912,000 | 1,492,000 | 7,865,000 |
| Deferred Taxes & Provisions | -1,086,000 | -1,328,000 | 2,414,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,167,000 | 1,167,000 |
| Cash flow from operations | 24,709,000 | 2,578,000 | -28,941,000 | 14,510,000 | -13,879,000 | -33,000 | 3,589,000 | 19,423,000 | -498,000 | -7,835,000 | 3,014,000 | -38,789,000 | |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | -253,000 | 0 | 0 | 0 | -939,000 | -69,000 | 0 | -300,000 | 0 | 1,561,000 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | -14,911,000 | -1,987,000 | 22,273,000 | -20,254,000 | 631,000 | 10,807,000 | 1,518,000 | -9,238,000 | 1,372,000 | 3,811,000 | -531,000 | -3,845,000 | 15,729,000 |
| Group/Directors Accounts | -11,347,000 | 6,072,000 | 16,490,000 | -24,555,000 | 2,328,000 | 5,727,000 | 2,564,000 | -936,000 | -10,554,000 | -234,000 | 8,510,000 | 1,842,000 | 15,308,000 |
| Other Short Term Loans | 140,000 | 171,000 | -21,244,000 | 21,244,000 | 0 | -43,000 | 43,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -695,000 | 695,000 | 0 | 0 | 0 | 0 | -542,000 | 542,000 | 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 | -1,000 | 643,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -8,000 | -134,000 | -367,000 | -287,000 | -169,000 | -129,000 | -213,000 | 117,000 | -70,000 | 100,000 | -176,000 | -142,000 | |
| cash flow from financing | -26,168,000 | 3,763,000 | 18,087,000 | 2,870,000 | 17,156,000 | 4,542,000 | -12,408,000 | -8,432,000 | 3,395,000 | 7,721,000 | -1,988,000 | 46,184,000 | |
| cash and cash equivalents | |||||||||||||
| cash | -1,855,000 | 6,066,000 | 6,054,000 | -3,737,000 | 15,497,000 | 1,656,000 | 1,953,000 | -8,639,000 | 9,013,000 | 3,162,000 | -674,000 | -283,000 | 4,552,000 |
| overdraft | 0 | 0 | -20,466,000 | 20,466,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,855,000 | 6,066,000 | 26,520,000 | -24,203,000 | 15,497,000 | 1,656,000 | 1,953,000 | -8,639,000 | 9,013,000 | 3,162,000 | -674,000 | -283,000 | 4,552,000 |
honda trading europe limited Credit Report and Business Information
Honda Trading Europe Limited Competitor Analysis
Perform a competitor analysis for honda trading europe limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
honda trading europe limited Ownership
HONDA TRADING EUROPE LIMITED group structure
Honda Trading Europe Limited has no subsidiary companies.
Ultimate parent company
HONDA FOUNDRY CO. LTD
#0004274
HONDA TRADING CORP LTD
#0012873
2 parents
HONDA TRADING EUROPE LIMITED
02465436
honda trading europe limited directors
Honda Trading Europe Limited currently has 2 directors. The longest serving directors include Mr Hiroshi Arai (Mar 2021) and Mr Antony Foster (Apr 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hiroshi Arai | 58 years | Mar 2021 | - | Director | |
| Mr Antony Foster | 61 years | Apr 2021 | - | Director |
P&L
March 2022turnover
222.3m
-32%
operating profit
2.3m
+51%
gross margin
4.1%
+70.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
38.4m
+0.03%
total assets
71.3m
-0.39%
cash
32.8m
-0.05%
net assets
Total assets minus all liabilities
Similar Companies
honda trading europe limited company details
company number
02465436
Type
Private limited with Share Capital
industry
46760 - Wholesale of other intermediate products
46720 - Wholesale of metals and metal ores
incorporation date
January 1990
age
34
accounts
Full Accounts
ultimate parent company
previous names
honda trading europe limited (October 2009)
daygrid limited (April 1990)
incorporated
UK
address
1 more london place, london, SE1 2AF
last accounts submitted
March 2022
honda trading 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 did not find charges/mortgages relating to honda trading europe limited.
honda trading europe limited Companies House Filings - See Documents
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