haier smart home uk & i ltd
haier smart home uk & i ltd Company Information
Company Number
02521528
Website
www.hooverspares.co.ukRegistered Address
302 bridgewater place, birchwood, warrington, WA3 6XG
Industry
Manufacture of electric domestic appliances
Telephone
03330062979
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
candy s.p.a. 100%
haier smart home uk & i ltd Estimated Valuation
Pomanda estimates the enterprise value of HAIER SMART HOME UK & I LTD at £227.9m based on a Turnover of £280.2m and 0.81x industry multiple (adjusted for size and gross margin).
haier smart home uk & i ltd Estimated Valuation
Pomanda estimates the enterprise value of HAIER SMART HOME UK & I LTD at £0 based on an EBITDA of £-17m and a 6.49x industry multiple (adjusted for size and gross margin).
haier smart home uk & i ltd Estimated Valuation
Pomanda estimates the enterprise value of HAIER SMART HOME UK & I LTD at £0 based on Net Assets of £-23.4m and 2.26x industry multiple (adjusted for liquidity).
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Haier Smart Home Uk & I Ltd Overview
Haier Smart Home Uk & I Ltd is a live company located in warrington, WA3 6XG with a Companies House number of 02521528. It operates in the manufacture of electric domestic appliances sector, SIC Code 27510. Founded in July 1990, it's largest shareholder is candy s.p.a. with a 100% stake. Haier Smart Home Uk & I Ltd is a mature, mega sized company, Pomanda has estimated its turnover at £280.2m with low growth in recent years.
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Haier Smart Home Uk & I Ltd Health Check
Pomanda's financial health check has awarded Haier Smart Home Uk & I Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £280.2m, make it larger than the average company (£26.8m)
£280.2m - Haier Smart Home Uk & I Ltd
£26.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a similar rate (3.5%)
3% - Haier Smart Home Uk & I Ltd
3.5% - Industry AVG
Production
with a gross margin of 7.4%, this company has a higher cost of product (29.9%)
7.4% - Haier Smart Home Uk & I Ltd
29.9% - Industry AVG
Profitability
an operating margin of -7% make it less profitable than the average company (4.5%)
-7% - Haier Smart Home Uk & I Ltd
4.5% - Industry AVG
Employees
with 604 employees, this is above the industry average (112)
604 - Haier Smart Home Uk & I Ltd
112 - Industry AVG
Pay Structure
on an average salary of £48k, the company has an equivalent pay structure (£46.3k)
£48k - Haier Smart Home Uk & I Ltd
£46.3k - Industry AVG
Efficiency
resulting in sales per employee of £464k, this is more efficient (£263.4k)
£464k - Haier Smart Home Uk & I Ltd
£263.4k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is earlier than average (49 days)
35 days - Haier Smart Home Uk & I Ltd
49 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (54 days)
21 days - Haier Smart Home Uk & I Ltd
54 days - Industry AVG
Stock Days
it holds stock equivalent to 74 days, this is in line with average (92 days)
74 days - Haier Smart Home Uk & I Ltd
92 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is more cash available to meet short term requirements (3 weeks)
13 weeks - Haier Smart Home Uk & I Ltd
3 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 117.8%, this is a higher level of debt than the average (62.6%)
117.8% - Haier Smart Home Uk & I Ltd
62.6% - Industry AVG
HAIER SMART HOME UK & I LTD financials
Haier Smart Home Uk & I Ltd's latest turnover from December 2022 is £280.2 million and the company has net assets of -£23.4 million. According to their latest financial statements, Haier Smart Home Uk & I Ltd has 604 employees and maintains cash reserves of £23 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | May 2017 | Jun 2016 | Jun 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 280,247,000 | 305,066,000 | 257,355,000 | 256,711,000 | 248,211,000 | 148,823,000 | 194,020,000 | 198,246,000 | 240,599,000 | 172,406,000 | 187,340,000 | 187,083,000 | 215,181,000 | 215,982,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 259,586,000 | 271,772,000 | 224,148,000 | 226,514,000 | 210,442,000 | 130,729,000 | 171,647,000 | 177,780,000 | 206,123,000 | 148,968,000 | 165,542,000 | 164,315,000 | 186,154,000 | 187,622,000 |
| Gross Profit | 20,661,000 | 33,294,000 | 33,207,000 | 30,197,000 | 37,769,000 | 18,094,000 | 22,373,000 | 20,466,000 | 34,476,000 | 23,438,000 | 21,798,000 | 22,768,000 | 29,027,000 | 28,360,000 |
| Admin Expenses | 40,175,000 | 33,617,000 | 32,047,000 | 31,251,000 | 31,694,000 | 16,788,000 | 26,568,000 | 29,033,000 | 31,203,000 | 18,086,000 | 5,155,000 | 21,739,000 | 16,345,000 | 28,846,000 |
| Operating Profit | -19,514,000 | -323,000 | 1,160,000 | -1,054,000 | 6,075,000 | 1,306,000 | -4,195,000 | -8,567,000 | 3,273,000 | 5,352,000 | 16,643,000 | 1,029,000 | 12,682,000 | -486,000 |
| Interest Payable | 4,650,000 | 3,521,000 | 3,587,000 | 3,538,000 | 3,387,000 | 1,795,000 | 6,497,000 | 7,212,000 | 10,921,000 | 7,892,000 | 8,246,000 | 7,000 | 13,000 | 184,000 |
| Interest Receivable | 37,000 | 27,000 | 39,000 | 0 | 561,000 | 334,000 | 766,000 | 1,567,000 | 2,343,000 | 1,819,000 | 1,817,000 | 319,000 | 53,000 | 28,000 |
| Pre-Tax Profit | -24,127,000 | -3,817,000 | -2,388,000 | -4,592,000 | 3,247,000 | -155,000 | 91,037,000 | -12,426,000 | -6,213,000 | -771,000 | 9,866,000 | 1,463,000 | 12,781,000 | -642,000 |
| Tax | 0 | 0 | 0 | 0 | -3,000 | 0 | -2,200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -24,127,000 | -3,817,000 | -2,388,000 | -4,592,000 | 3,244,000 | -155,000 | 88,837,000 | -12,426,000 | -6,213,000 | -771,000 | 9,866,000 | 1,463,000 | 12,781,000 | -642,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -24,127,000 | -3,817,000 | -2,388,000 | -4,592,000 | 3,244,000 | -155,000 | 88,837,000 | -12,426,000 | -6,213,000 | -771,000 | 9,866,000 | 1,463,000 | 12,781,000 | -642,000 |
| Employee Costs | 28,972,000 | 28,321,000 | 24,999,000 | 23,240,000 | 19,850,000 | 10,950,000 | 27,875,000 | 28,225,000 | 38,838,000 | 23,942,000 | 12,565,000 | 18,951,000 | 13,522,000 | 22,214,000 |
| Number Of Employees | 604 | 613 | 600 | 577 | 554 | 547 | 561 | 539 | 527 | 479 | 479 | 465 | 501 | 580 |
| EBITDA* | -16,958,000 | 2,240,000 | 3,582,000 | 1,175,000 | 6,553,000 | 1,617,000 | -3,583,000 | -7,765,000 | 4,785,000 | 6,381,000 | 17,550,000 | 1,886,000 | 13,557,000 | 908,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | May 2017 | Jun 2016 | Jun 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 22,663,000 | 23,443,000 | 23,405,000 | 20,882,000 | 12,547,000 | 12,780,000 | 12,874,000 | 13,304,000 | 9,949,000 | 11,530,000 | 11,206,000 | 11,337,000 | 11,441,000 | 11,830,000 |
| Intangible Assets | 632,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,000 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 4,045,000 | 4,035,000 | 4,036,000 | 4,034,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 19,250,000 | 19,408,000 | 19,369,000 | 17,882,000 | 12,547,000 | 12,780,000 | 12,874,000 | 13,304,000 | 9,949,000 | 11,567,000 | 11,206,000 | 11,337,000 | 11,441,000 | 11,830,000 |
| Stock & work in progress | 53,303,000 | 68,664,000 | 36,540,000 | 39,021,000 | 34,963,000 | 31,646,000 | 39,001,000 | 31,604,000 | 24,551,000 | 22,399,000 | 26,433,000 | 20,479,000 | 20,552,000 | 19,268,000 |
| Trade Debtors | 27,023,000 | 24,280,000 | 43,276,000 | 26,740,000 | 30,006,000 | 50,679,000 | 30,621,000 | 30,559,000 | 22,341,000 | 17,807,000 | 13,830,000 | 12,993,000 | 22,648,000 | 18,538,000 |
| Group Debtors | 1,329,000 | 1,177,000 | 898,000 | 1,933,000 | 13,107,000 | 14,323,000 | 16,127,000 | 33,387,000 | 36,713,000 | 43,601,000 | 57,594,000 | 67,552,000 | 64,112,000 | 55,734,000 |
| Misc Debtors | 1,059,000 | 573,000 | 1,462,000 | 1,721,000 | 1,225,000 | 1,147,000 | 1,280,000 | 1,025,000 | 1,654,000 | 743,000 | 978,000 | 792,000 | 1,128,000 | 2,286,000 |
| Cash | 22,981,000 | 72,108,000 | 29,940,000 | 36,610,000 | 42,983,000 | 12,789,000 | 2,624,000 | 5,608,000 | 8,732,000 | 14,263,000 | 5,655,000 | 4,580,000 | 3,812,000 | 1,966,000 |
| misc current assets | 2,140,000 | 0 | 0 | 305,000 | 6,321,000 | 483,000 | 0 | 875,000 | 0 | 0 | 0 | 409,000 | 138,000 | 0 |
| total current assets | 112,345,000 | 171,312,000 | 116,626,000 | 110,840,000 | 128,605,000 | 111,067,000 | 89,653,000 | 103,058,000 | 93,991,000 | 98,813,000 | 104,490,000 | 106,805,000 | 112,390,000 | 97,792,000 |
| total assets | 131,595,000 | 190,720,000 | 135,995,000 | 128,722,000 | 141,152,000 | 123,847,000 | 102,527,000 | 116,362,000 | 103,940,000 | 110,380,000 | 115,696,000 | 118,142,000 | 123,831,000 | 109,622,000 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 15,234,000 | 15,892,000 | 13,206,000 | 13,547,000 | 12,443,000 | 9,954,000 | 5,873,000 | 4,660,000 | 5,293,000 | 11,212,000 | 32,083,000 | 22,366,000 | 20,598,000 | 19,253,000 |
| Group/Directors Accounts | 481,000 | 261,000 | 268,000 | 255,000 | 255,000 | 5,274,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 31,000 | 1,625,000 | 55,000 | 3,801,000 | 0 | 129,000 | 0 | 0 | 0 | 0 | 0 | 0 | 78,000 | 0 |
| hp & lease commitments | 1,788,000 | 1,713,000 | 1,877,000 | 1,612,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 68,153,000 | 107,450,000 | 50,412,000 | 43,370,000 | 45,130,000 | 31,738,000 | 21,847,000 | 35,002,000 | 21,404,000 | 25,096,000 | 14,114,000 | 30,253,000 | 38,396,000 | 37,259,000 |
| total current liabilities | 85,687,000 | 126,941,000 | 65,818,000 | 62,585,000 | 57,828,000 | 47,095,000 | 27,720,000 | 39,662,000 | 26,697,000 | 36,308,000 | 46,197,000 | 52,619,000 | 59,072,000 | 56,512,000 |
| loans | 71,882,000 | 67,507,000 | 69,718,000 | 65,960,000 | 60,000,000 | 61,512,000 | 60,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 3,370,000 | 3,001,000 | 3,336,000 | 2,980,000 | 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 | 66,000 |
| other liabilities | 778,000 | 784,000 | 867,000 | 219,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 5,498,000 | 4,474,000 | 6,894,000 | 470,708,000 | 389,102,000 | 335,620,000 | 377,480,000 | 9,728,000 | 9,556,000 | 11,074,000 |
| total long term liabilities | 69,290,000 | 65,290,000 | 67,249,000 | 63,199,000 | 62,749,000 | 63,749,000 | 63,447,000 | 235,354,000 | 194,551,000 | 167,810,000 | 188,740,000 | 4,864,000 | 4,778,000 | 5,603,000 |
| total liabilities | 154,977,000 | 192,231,000 | 133,067,000 | 125,784,000 | 120,577,000 | 110,844,000 | 91,167,000 | 275,016,000 | 221,248,000 | 204,118,000 | 234,937,000 | 57,483,000 | 63,850,000 | 62,115,000 |
| net assets | -23,382,000 | -1,511,000 | 2,928,000 | 2,938,000 | 4,575,000 | -2,997,000 | -4,640,000 | -174,654,000 | -133,308,000 | -109,738,000 | -135,241,000 | 44,659,000 | 43,981,000 | 47,507,000 |
| total shareholders funds | -23,382,000 | -1,511,000 | 2,928,000 | 2,938,000 | 4,575,000 | -2,997,000 | -4,640,000 | -174,654,000 | -133,308,000 | -109,738,000 | -135,241,000 | 44,659,000 | 43,981,000 | 47,507,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | May 2017 | Jun 2016 | Jun 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -19,514,000 | -323,000 | 1,160,000 | -1,054,000 | 6,075,000 | 1,306,000 | -4,195,000 | -8,567,000 | 3,273,000 | 5,352,000 | 16,643,000 | 1,029,000 | 12,682,000 | -486,000 |
| Depreciation | 2,556,000 | 2,563,000 | 2,422,000 | 2,229,000 | 478,000 | 311,000 | 612,000 | 802,000 | 1,475,000 | 1,029,000 | 907,000 | 857,000 | 875,000 | 1,394,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,000 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | -3,000 | 0 | -2,200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | -15,361,000 | 32,124,000 | -2,481,000 | 4,058,000 | 3,317,000 | 42,000 | 7,397,000 | 7,053,000 | 24,551,000 | -4,034,000 | 5,954,000 | -73,000 | 1,284,000 | 19,268,000 |
| Debtors | 3,391,000 | -19,607,000 | 15,244,000 | -9,910,000 | -21,811,000 | 1,178,000 | -16,943,000 | 4,263,000 | 60,708,000 | -10,251,000 | -8,935,000 | -6,551,000 | 11,330,000 | 76,558,000 |
| Creditors | -658,000 | 2,686,000 | -341,000 | 1,104,000 | 2,489,000 | 5,294,000 | 1,213,000 | -633,000 | 5,293,000 | -20,871,000 | 9,717,000 | 1,768,000 | 1,345,000 | 19,253,000 |
| Accruals and Deferred Income | -39,297,000 | 57,038,000 | 7,042,000 | -1,760,000 | 13,392,000 | -3,264,000 | -13,155,000 | 13,598,000 | 21,404,000 | 10,982,000 | -16,139,000 | -8,143,000 | 1,071,000 | 37,325,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -5,498,000 | 1,024,000 | -466,234,000 | -463,814,000 | 81,606,000 | 389,102,000 | -41,860,000 | 367,752,000 | 172,000 | -1,518,000 | 11,074,000 |
| Cash flow from operations | -44,943,000 | 49,447,000 | -2,480,000 | 873,000 | 41,949,000 | -463,807,000 | -471,993,000 | 75,490,000 | 335,325,000 | -31,083,000 | 381,861,000 | 2,307,000 | 1,841,000 | -27,266,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 |
| Group/Directors Accounts | 220,000 | -7,000 | 13,000 | 0 | -5,019,000 | 5,274,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -1,594,000 | 1,570,000 | -3,746,000 | 3,801,000 | -129,000 | 129,000 | 0 | 0 | 0 | 0 | 0 | -78,000 | 78,000 | 0 |
| Long term loans | 4,375,000 | -2,211,000 | 3,758,000 | 5,960,000 | -1,512,000 | 61,512,000 | 60,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 444,000 | -499,000 | 621,000 | 4,592,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -6,000 | -83,000 | 648,000 | 219,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -4,613,000 | -3,494,000 | -3,548,000 | -3,538,000 | -2,826,000 | -1,461,000 | -5,731,000 | -5,645,000 | -8,578,000 | -6,073,000 | -6,429,000 | 312,000 | 40,000 | -156,000 |
| cash flow from financing | 1,082,000 | -5,346,000 | 124,000 | 13,989,000 | -5,158,000 | 237,266,000 | 135,446,000 | -34,565,000 | -135,673,000 | 20,201,000 | -196,195,000 | -551,000 | -16,189,000 | 47,993,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -49,127,000 | 42,168,000 | -6,670,000 | -6,373,000 | 30,194,000 | 7,181,000 | -2,984,000 | -3,124,000 | 8,732,000 | 8,608,000 | 1,075,000 | 768,000 | 1,846,000 | 1,966,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -49,127,000 | 42,168,000 | -6,670,000 | -6,373,000 | 30,194,000 | 7,181,000 | -2,984,000 | -3,124,000 | 8,732,000 | 8,608,000 | 1,075,000 | 768,000 | 1,846,000 | 1,966,000 |
haier smart home uk & i ltd Credit Report and Business Information
Haier Smart Home Uk & I Ltd Competitor Analysis
Perform a competitor analysis for haier smart home uk & i ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
haier smart home uk & i ltd Ownership
HAIER SMART HOME UK & I LTD group structure
Haier Smart Home Uk & I Ltd has 2 subsidiary companies.
Ultimate parent company
CANDY SPA
#0015441
1 parent
HAIER SMART HOME UK & I LTD
02521528
2 subsidiaries
haier smart home uk & i ltd directors
Haier Smart Home Uk & I Ltd currently has 4 directors. The longest serving directors include Mr David Meyerowitz (Aug 2017) and Mr Lawrence Edwards-Smajda (Jan 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Meyerowitz | England | 58 years | Aug 2017 | - | Director |
| Mr Lawrence Edwards-Smajda | England | 43 years | Jan 2018 | - | Director |
| Mr Neil Tunstall | England | 56 years | Feb 2024 | - | Director |
| Mr Francesco Di Valentin | England | 55 years | Apr 2024 | - | Director |
P&L
December 2022turnover
280.2m
-8%
operating profit
-19.5m
+5941%
gross margin
7.4%
-32.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-23.4m
+14.47%
total assets
131.6m
-0.31%
cash
23m
-0.68%
net assets
Total assets minus all liabilities
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haier smart home uk & i ltd company details
company number
02521528
Type
Private limited with Share Capital
industry
27510 - Manufacture of electric domestic appliances
incorporation date
July 1990
age
34
accounts
Full Accounts
ultimate parent company
previous names
hoover limited (March 2024)
hoover (1990) limited (May 1991)
incorporated
UK
address
302 bridgewater place, birchwood, warrington, WA3 6XG
last accounts submitted
December 2022
haier smart home uk & i ltd 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 4 charges/mortgages relating to haier smart home uk & i ltd. Currently there are 2 open charges and 2 have been satisfied in the past.
haier smart home uk & i ltd Companies House Filings - See Documents
| date | description | view/download |
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