Halcyon Drives Limited

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halcyon drives limited Company Information

Live

MatureMidHigh

Company Number

02637000

Next Accounts

Feb 2026

Industry

Manufacture of other electrical equipment

Wholesale of other machinery and equipment

Directors

Christopher Wainman

Russell Grimshaw

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Shareholders

halcyon drives holdings ltd

christopher john wainman

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Group Structure

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Contact

Registered Address

unit 2, 7 butler way, stanningley, pudsey, west yorkshire, LS28 6EA

Website

www.halcyondrives.com

halcyon drives limited Estimated Valuation

£7.6m

Pomanda estimates the enterprise value of HALCYON DRIVES LIMITED at £7.6m based on a Turnover of £9.9m and 0.76x industry multiple (adjusted for size and gross margin).

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Halcyon Drives Limited is a live company located in pudsey, LS28 6EA with a Companies House number of 02637000. It operates in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in August 1991, it's largest shareholder is halcyon drives holdings ltd with a 50.1% stake. Halcyon Drives Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.9m with high growth in recent years.

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Pomanda's financial health check has awarded Halcyon Drives Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £9.9m, make it smaller than the average company (£14.5m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (10.1%)

EXPORT

Halcyon Drives Limited's latest turnover from May 2024 is estimated at £9.9 million and the company has net assets of £2.3 million. According to their latest financial statements, Halcyon Drives Limited has 38 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	9,927,509	8,841,734	6,799,458	6,492,216	5,165,696	7,066,981	5,859,724	5,290,502	5,378,429	4,873,187	7,057,619	4,669,434	6,296,359	5,891,329	5,402,982
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,820,185	6,088,449	4,674,896	4,517,094	3,581,902	4,918,315	4,081,821	3,598,319	3,627,441	3,312,962	4,882,447	3,198,592	4,321,843	4,007,824	3,627,425
Gross Profit	3,107,325	2,753,285	2,124,562	1,975,123	1,583,794	2,148,666	1,777,903	1,692,182	1,750,988	1,560,225	2,175,173	1,470,842	1,974,516	1,883,505	1,775,557
Admin Expenses	2,504,200	1,804,422	1,938,810	1,462,701	1,338,178	1,917,848	1,721,905	1,906,868	1,591,320	1,398,007	2,140,931	1,516,520	1,894,275	1,855,160	1,680,847
Operating Profit	603,125	948,863	185,752	512,422	245,616	230,818	55,998	-214,686	159,668	162,218	34,242	-45,678	80,241	28,345	94,710
Interest Payable	0	0	0	1	4,103	16,490	29,196	22,114	5,311	0	0	0	0	0	0
Interest Receivable	56,073	22,038	2,837	315	170	186	60	50	188	148	258	301	144	66	15
Pre-Tax Profit	659,199	970,901	188,589	512,736	241,683	214,514	26,862	-236,750	154,546	162,366	34,500	-45,377	80,384	28,411	94,725
Tax	-164,800	-242,725	-35,832	-97,420	-45,920	-40,758	-5,104	0	-30,909	-32,473	-7,245	0	-19,292	-7,387	-26,523
Profit After Tax	494,399	728,176	152,757	415,316	195,763	173,756	21,758	-236,750	123,637	129,893	27,255	-45,377	61,092	21,024	68,202
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	494,399	728,176	152,757	415,316	195,763	173,756	21,758	-236,750	123,637	129,893	27,255	-45,377	61,092	21,024	68,202
Employee Costs	1,968,385	1,689,356	1,626,025	1,507,075	1,477,433	1,458,186	1,382,737	1,311,748	1,349,934	957,913	1,380,341	917,360	1,209,514	1,153,780	1,164,016
Number Of Employees	38	35	35	34	34	34	33	33	35	25	37	25	34	33	34
EBITDA*	610,454	1,000,280	221,115	545,754	278,042	259,028	83,713	-187,552	189,236	193,366	62,153	-22,761	100,219	49,683	116,747

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	326,176	272,222	128,165	110,823	117,052	125,633	94,094	91,297	114,475	132,353	176,994	118,336	87,482	97,901	117,984
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1	1	1	19,000	19,000	19,000	19,000	19,000	19,000	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	326,177	272,223	128,166	129,823	136,052	144,633	113,094	110,297	133,475	132,353	176,994	118,336	87,482	97,901	117,984
Stock & work in progress	785,055	1,025,329	855,208	622,267	350,383	576,508	381,113	399,656	399,750	379,807	668,335	411,456	317,394	405,905	348,653
Trade Debtors	2,208,295	2,114,470	1,458,251	1,360,470	923,341	1,477,562	1,291,687	1,177,373	1,093,816	961,196	1,254,279	842,812	1,318,235	1,154,678	1,094,242
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	105,976	101,542	11,067	13,399	12,587	12,895	13,418	28,932	23,935	0	0	0	0	0	0
Cash	1,405,149	730,975	248,489	318,882	310,714	29,637	19,928	3,950	36,215	39,154	20,146	83,112	37,389	20,077	6,135
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,504,475	3,972,316	2,573,015	2,315,018	1,597,025	2,096,602	1,706,146	1,609,911	1,553,716	1,380,157	1,942,760	1,337,380	1,673,018	1,580,660	1,449,030
total assets	4,830,652	4,244,539	2,701,181	2,444,841	1,733,077	2,241,235	1,819,240	1,720,208	1,687,191	1,512,510	2,119,754	1,455,716	1,760,500	1,678,561	1,567,014
Bank overdraft	0	0	0	0	33	134,504	354,096	544,248	163,404	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,618,009	1,470,968	999,904	955,636	663,464	1,247,970	929,846	736,371	723,431	1,216,728	1,939,728	1,305,756	1,597,156	1,576,689	1,483,633
Group/Directors Accounts	6,940	11,940	12,515	12,711	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	0
hp & lease commitments	0	10,409	13,691	19,554	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	793,406	846,889	535,629	465,669	472,887	447,924	320,970	271,899	391,280	0	0	0	0	0	0
total current liabilities	2,418,355	2,340,206	1,561,739	1,453,570	1,136,384	1,830,398	1,604,912	1,552,518	1,278,115	1,216,728	1,939,728	1,305,756	1,597,156	1,576,689	1,483,633
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	14,191	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	0
other liabilities	0	0	0	0	33,746	42,023	25,262	0	0	6,768	16,733	26,698	0	0	0
provisions	80,942	67,377	30,662	21,057	22,240	23,870	17,878	18,260	22,896	26,471	30,643	17,867	12,572	12,192	14,725
total long term liabilities	80,942	67,377	30,662	35,248	55,986	65,893	43,140	18,260	22,896	33,239	47,376	44,565	12,572	12,192	14,725
total liabilities	2,499,297	2,407,583	1,592,401	1,488,818	1,192,370	1,896,291	1,648,052	1,570,778	1,301,011	1,249,967	1,987,104	1,350,321	1,609,728	1,588,881	1,498,358
net assets	2,331,355	1,836,956	1,108,780	956,023	540,707	344,944	171,188	149,430	386,180	262,543	132,650	105,395	150,772	89,680	68,656
total shareholders funds	2,331,355	1,836,956	1,108,780	956,023	540,707	344,944	171,188	149,430	386,180	262,543	132,650	105,395	150,772	89,680	68,656

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	603,125	948,863	185,752	512,422	245,616	230,818	55,998	-214,686	159,668	162,218	34,242	-45,678	80,241	28,345	94,710
Depreciation	7,329	51,417	35,363	33,332	32,426	28,210	27,715	27,134	29,568	31,148	27,911	22,917	19,978	21,338	22,037
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-164,800	-242,725	-35,832	-97,420	-45,920	-40,758	-5,104	0	-30,909	-32,473	-7,245	0	-19,292	-7,387	-26,523
Stock	-240,274	170,121	232,941	271,884	-226,125	195,395	-18,543	-94	19,943	-288,528	256,879	94,062	-88,511	57,252	348,653
Debtors	98,259	746,694	95,449	437,941	-554,529	185,352	98,800	88,554	156,555	-293,083	411,467	-475,423	163,557	60,436	1,094,242
Creditors	147,041	471,064	44,268	292,172	-584,506	318,124	193,475	12,940	-493,297	-723,000	633,972	-291,400	20,467	93,056	1,483,633
Accruals and Deferred Income	-53,483	311,260	69,960	-7,218	24,963	126,954	49,071	-119,381	391,280	0	0	0	0	0	0
Deferred Taxes & Provisions	13,565	36,715	9,605	-1,183	-1,630	5,992	-382	-4,636	-3,575	-4,172	12,776	5,295	380	-2,533	14,725
Cash flow from operations	694,792	659,779	-19,274	22,280	451,603	288,593	240,516	-387,089	-123,763	15,332	33,310	72,495	26,728	15,131	145,687
Investing Activities
capital expenditure	-61,283	-195,474	-52,705	-27,103	-23,845	-59,749	-30,512	-3,956	-11,690	13,493	-86,569	-53,771	-9,559	-1,255	-140,021
Change in Investments	0	0	-18,999	0	0	0	0	0	19,000	0	0	0	0	0	0
cash flow from investments	-61,283	-195,474	-33,706	-27,103	-23,845	-59,749	-30,512	-3,956	-30,690	13,493	-86,569	-53,771	-9,559	-1,255	-140,021
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-5,000	-575	-196	12,711	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	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-10,409	-3,282	-20,054	33,745	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-33,746	-8,277	16,761	25,262	0	-6,768	-9,965	-9,965	26,698	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	454
interest	56,073	22,038	2,837	314	-3,933	-16,304	-29,136	-22,064	-5,123	148	258	301	144	66	15
cash flow from financing	40,664	18,181	-17,413	13,024	-12,210	457	-3,874	-22,064	-11,891	-9,817	-9,707	26,999	144	66	469
cash and cash equivalents
cash	674,174	482,486	-70,393	8,168	281,077	9,709	15,978	-32,265	-2,939	19,008	-62,966	45,723	17,312	13,942	6,135
overdraft	0	0	0	-33	-134,471	-219,592	-190,152	380,844	163,404	0	0	0	0	0	0
change in cash	674,174	482,486	-70,393	8,201	415,548	229,301	206,130	-413,109	-166,343	19,008	-62,966	45,723	17,312	13,942	6,135

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HALCYON DRIVES LIMITED group structure

Halcyon Drives Limited has no subsidiary companies.

Ultimate parent company

HALCYON DRIVES LIMITED

02637000

HALCYON DRIVES LIMITED Shareholders

halcyon drives holdings ltd	50.12%
christopher john wainman	49.76%
claire wainman	0.12%

Halcyon Drives Limited currently has 5 directors. The longest serving directors include Mr Christopher Wainman (Aug 1991) and Mr Russell Grimshaw (Jan 2022).

officer	age	start	end	role
Mr Christopher Wainman	64 years	Aug 1991	-	Director
Mr Russell Grimshaw	59 years	Jan 2022	-	Director
Mr Darren Beeby	54 years	Jan 2022	-	Director
Mr Stephen Ford	42 years	Jan 2022	-	Director
Mr Lee Stenton	54 years	Jan 2022	-	Director

P&L

May 2024

turnover

9.9m

+12%

operating profit

603.1k

gross margin

31.4%

+0.52%

turnover

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

Balance Sheet

May 2024

net assets

2.3m

+0.27%

total assets

4.8m

+0.14%

cash

1.4m

+0.92%

net assets

Total assets minus all liabilities

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company number

02637000

Type

Private limited with Share Capital

industry

27900 - Manufacture of other electrical equipment

46690 - Wholesale of other machinery and equipment

incorporation date

August 1991

ultimate parent company

None

previous names

halcyon electrical components limited (May 2008)

address

unit 2, 7 butler way, stanningley, pudsey, west yorkshire, LS28 6EA

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 2 charges/mortgages relating to halcyon drives limited. Currently there are 2 open charges and 0 have been satisfied in the past.

halcyon drives limited Company Information

halcyon drives limited Estimated Valuation

halcyon drives limited Estimated Valuation

halcyon drives limited Estimated Valuation

Halcyon Drives Limited Overview

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HALCYON DRIVES LIMITED financials

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