British Hang Gliding & Paragliding Association Limited

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british hang gliding & paragliding association limited Company Information

Live

MatureSmallDeclining

Company Number

02618166

Website

http://bhpa.co.uk

Registered Address

8 merus court, meridian business park, leicester, LE19 1RJ

Industry

Activities of other membership organisations n.e.c.

Telephone

01162894316

Next Accounts Due

December 2024

Group Structure

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Directors

Angus Pinkerton32 Years

Paul Dancey25 Years

View All

Shareholders

-0%

british hang gliding & paragliding association limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of BRITISH HANG GLIDING & PARAGLIDING ASSOCIATION LIMITED at £1.8m based on Net Assets of £634.4k and 2.89x industry multiple (adjusted for liquidity).

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British Hang Gliding & Paragliding Association Limited is a live company located in leicester, LE19 1RJ with a Companies House number of 02618166. It operates in the activities of other membership organizations n.e.c. sector, SIC Code 94990. Founded in June 1991, it's largest shareholder is unknown. British Hang Gliding & Paragliding Association Limited is a mature, small sized company, Pomanda has estimated its turnover at £736.8k with declining growth in recent years.

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Pomanda's financial health check has awarded British Hang Gliding & Paragliding Association Limited a 4 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

Health Rating4out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £736.8k, make it larger than the average company (£411.4k)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (4.7%)

EXPORT

British Hang Gliding & Paragliding Association Limited's latest turnover from March 2023 is estimated at £736.8 thousand and the company has net assets of £634.4 thousand. According to their latest financial statements, British Hang Gliding & Paragliding Association Limited has 9 employees and maintains cash reserves of £802.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	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	736,838	608,156	917,193	951,433	848,151	862,581	823,507	756,836	742,482	738,702	697,195	685,753	682,111	676,510
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	370,326	290,056	408,680	500,031	405,068	413,502	375,737	359,000	357,514	377,686	378,430	365,577	372,838	349,086
Gross Profit	366,512	318,100	508,513	451,402	443,083	449,079	447,770	397,836	384,968	361,016	318,765	320,176	309,273	327,424
Admin Expenses	472,760	217,748	435,620	461,613	429,266	432,878	414,275	396,754	359,603	306,103	320,562	310,329	268,237	359,437
Operating Profit	-106,248	100,352	72,893	-10,211	13,817	16,201	33,495	1,082	25,365	54,913	-1,797	9,847	41,036	-32,013
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	507	0	0
Interest Receivable	35,067	5,834	1,609	1,225	722	852	930	1,173	2,108	2,581	1,770	1,531	1,505	11,183
Pre-Tax Profit	-71,181	106,185	74,502	-8,986	14,539	17,053	34,425	2,255	27,473	57,494	-27	10,871	42,541	-20,830
Tax	0	-20,175	-306	-233	-137	-162	-186	-235	-422	-516	-354	-305	-315	-2,375
Profit After Tax	-71,181	86,010	74,196	-9,219	14,402	16,891	34,239	2,020	27,051	56,978	-381	10,566	42,226	-23,205
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-71,181	86,010	74,196	-9,219	14,402	16,891	34,239	2,020	27,051	56,978	-381	10,566	42,226	-23,205
Employee Costs	227,496	197,602	219,741	214,394	233,478	208,114	232,835	187,802	353,594	250,596	245,014	235,840	224,370	222,096
Number Of Employees	9	8	9	9	10	9	10	8	15	7	7	7	7	8
EBITDA*	-97,117	110,333	85,912	6,076	28,982	28,202	43,150	12,013	36,485	66,112	14,149	25,982	60,771	-26,078

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	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	322,914	323,642	327,581	338,018	346,527	345,044	343,228	346,317	352,327	355,253	360,608	370,581	381,809	6,583
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1	1	1	1	1	1	1	1	0	0	0	0	0	0
Debtors (Due After 1 year)	4,000	6,000	8,000	10,000	12,000	3,520	1,395	0	0	0	0	0	0	0
Total Fixed Assets	326,915	329,643	335,582	348,019	358,528	348,565	344,624	346,318	352,327	355,253	360,608	370,581	381,809	6,583
Stock & work in progress	14,043	7,345	8,267	7,821	8,990	12,038	7,147	7,224	8,385	7,650	9,116	10,812	12,174	12,524
Trade Debtors	10,761	2,213	1,050	689	561	512	14,538	284	14,139	13,466	17,389	32,121	10,643	1,139
Group Debtors	0	0	0	0	0	15,288	0	0	0	0	0	0	0	0
Misc Debtors	478,110	449,956	363,301	361,908	307,065	207,696	177,762	193,334	181,679	179,830	170,296	158,315	216,004	164,375
Cash	802,758	847,469	708,171	577,976	543,916	529,924	524,905	485,131	503,961	403,928	335,510	296,712	290,416	480,205
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,305,672	1,306,983	1,080,789	948,394	860,532	765,458	724,352	685,973	708,164	604,874	532,311	497,960	529,237	658,243
total assets	1,632,587	1,636,626	1,416,371	1,296,413	1,219,060	1,114,023	1,068,976	1,032,291	1,060,491	960,127	892,919	868,541	911,046	664,826
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	467,545	446,184	362,953	349,584	288,121	226,442	193,390	196,336	249,972	181,922	181,991	164,599	234,829	37,781
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	530,653	486,872	437,858	405,465	380,356	351,400	356,296	336,007	312,591	243,389	233,090	225,725	208,566	201,620
total current liabilities	998,198	933,056	800,811	755,049	668,477	577,842	549,686	532,343	562,563	425,311	415,081	390,324	443,395	239,401
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	998,198	933,056	800,811	755,049	668,477	577,842	549,686	532,343	562,563	425,311	415,081	390,324	443,395	239,401
net assets	634,389	703,570	615,560	541,364	550,583	536,181	519,290	499,948	497,928	534,816	477,838	478,217	467,651	425,425
total shareholders funds	634,389	703,570	615,560	541,364	550,583	536,181	519,290	499,948	497,928	534,816	477,838	478,217	467,651	425,425

	Mar 2023	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	-106,248	100,352	72,893	-10,211	13,817	16,201	33,495	1,082	25,365	54,913	-1,797	9,847	41,036	-32,013
Depreciation	9,131	9,981	13,019	16,287	15,165	12,001	9,655	10,931	11,120	11,199	15,946	16,135	19,735	5,935
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-20,175	-306	-233	-137	-162	-186	-235	-422	-516	-354	-305	-315	-2,375
Stock	6,698	-922	446	-1,169	-3,048	4,891	-77	-1,161	735	-1,466	-1,696	-1,362	-350	12,524
Debtors	34,702	85,818	-246	52,971	92,610	33,321	77	-2,200	2,522	5,611	-2,751	-36,211	61,133	165,514
Creditors	21,361	83,231	13,369	61,463	61,679	33,052	-2,946	-53,636	68,050	-69	17,392	-70,230	197,048	37,781
Accruals and Deferred Income	43,781	49,014	32,393	25,109	28,956	-4,896	20,289	23,416	69,202	10,299	7,365	17,159	6,946	201,620
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-73,375	137,507	131,168	40,613	29,918	17,984	60,307	-15,081	170,058	71,681	42,999	10,179	203,667	32,910
Investing Activities
capital expenditure	-8,403	-6,042	-2,582	-7,778	-16,648	-13,817	-6,566	-4,921	-8,194	-5,844	-5,973	-4,907	-394,961	-12,518
Change in Investments	0	0	0	0	0	0	0	1	0	0	0	0	0	0
cash flow from investments	-8,403	-6,042	-2,582	-7,778	-16,648	-13,817	-6,566	-4,922	-8,194	-5,844	-5,973	-4,907	-394,961	-12,518
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	2,000	2,000	0	0	0	0	-14,897	0	-63,939	0	2	0	0	448,630
interest	35,067	5,834	1,609	1,225	722	852	930	1,173	2,108	2,581	1,770	1,024	1,505	11,183
cash flow from financing	37,067	7,834	1,609	1,225	722	852	-13,967	1,173	-61,831	2,581	1,772	1,024	1,505	459,813
cash and cash equivalents
cash	-44,711	139,298	130,195	34,060	13,992	5,019	39,774	-18,830	100,033	68,418	38,798	6,296	-189,789	480,205
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-44,711	139,298	130,195	34,060	13,992	5,019	39,774	-18,830	100,033	68,418	38,798	6,296	-189,789	480,205

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BRITISH HANG GLIDING & PARAGLIDING ASSOCIATION LIMITED group structure

British Hang Gliding & Paragliding Association Limited has no subsidiary companies.

Ultimate parent company

BRITISH HANG GLIDING & PARAGLIDING ASSOCIATION LIMITED

02618166

BRITISH HANG GLIDING & PARAGLIDING ASSOCIATION LIMITED Shareholders

British Hang Gliding & Paragliding Association Limited currently has 12 directors. The longest serving directors include Mr Angus Pinkerton (Jul 1992) and Mr Paul Dancey (Dec 1998).

officer	country	age	start	end	role
Mr Angus Pinkerton		68 years	Jul 1992	-	Director
Mr Paul Dancey		75 years	Dec 1998	-	Director
Dr Martin Heywood	United Kingdom	62 years	Dec 2000	-	Director
Mr Marc Asquith		66 years	May 2001	-	Director
Mr Angus Langford	England	60 years	Nov 2007	-	Director
Mr William Bell	United Kingdom	69 years	Feb 2011	-	Director
Mr Julian Cunliffe	United Kingdom	60 years	Mar 2012	-	Director
Mr Martin Baxter	United Kingdom	61 years	Mar 2014	-	Director
Ms Jennifer Buck	United Kingdom	51 years	Mar 2021	-	Director
Mr Brett Janaway	United Kingdom	56 years	Feb 2023	-	Director

P&L

March 2023

turnover

736.8k

+21%

operating profit

-106.2k

gross margin

49.8%

-4.9%

turnover

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

Balance Sheet

March 2023

net assets

634.4k

-0.1%

total assets

1.6m

cash

802.8k

-0.05%

net assets

Total assets minus all liabilities

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company number

02618166

Type

Private Ltd By Guarantee w/o Share Cap

industry

94990 - Activities of other membership organisations n.e.c.

incorporation date

June 1991

ultimate parent company

None

previous names

N/A

address

8 merus court, meridian business park, leicester, LE19 1RJ

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.

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british hang gliding & paragliding association limited Company Information

british hang gliding & paragliding association limited Estimated Valuation

british hang gliding & paragliding association limited Estimated Valuation

british hang gliding & paragliding association limited Estimated Valuation

British Hang Gliding & Paragliding Association Limited Overview

British Hang Gliding & Paragliding Association Limited Health Check

BRITISH HANG GLIDING & PARAGLIDING ASSOCIATION LIMITED financials

british hang gliding & paragliding association limited Credit Report and Business Information

British Hang Gliding & Paragliding Association Limited Competitor Analysis

british hang gliding & paragliding association limited Ownership

british hang gliding & paragliding association limited directors

british hang gliding & paragliding association limited company details

british hang gliding & paragliding association limited Charges & Mortgages

british hang gliding & paragliding association limited Companies House Filings - See Documents