h & h classics ltd

3

h & h classics ltd Company Information

Share H & H CLASSICS LTD
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Company Number

02852199

Registered Address

8 eastway, sale, cheshire, M33 4DX

Industry

Sale of used cars and light motor vehicles

 

Telephone

08458334455

Next Accounts Due

October 2024

Group Structure

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Directors

Damian Jones0 Years

Stewart Davies0 Years

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Shareholders

h & h group holdings ltd 100%

h & h classics ltd Estimated Valuation

£449.2k

Pomanda estimates the enterprise value of H & H CLASSICS LTD at £449.2k based on a Turnover of £2.6m and 0.17x industry multiple (adjusted for size and gross margin).

h & h classics ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of H & H CLASSICS LTD at £0 based on an EBITDA of £-92.7k and a 2.75x industry multiple (adjusted for size and gross margin).

h & h classics ltd Estimated Valuation

£620.1k

Pomanda estimates the enterprise value of H & H CLASSICS LTD at £620.1k based on Net Assets of £261k and 2.38x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from January 2023 

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H & H Classics Ltd Overview

H & H Classics Ltd is a live company located in cheshire, M33 4DX with a Companies House number of 02852199. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in September 1993, it's largest shareholder is h & h group holdings ltd with a 100% stake. H & H Classics Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with declining growth in recent years.

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H & H Classics Ltd Health Check

Pomanda's financial health check has awarded H & H Classics Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £2.6m, make it in line with the average company (£2.9m)

£2.6m - H & H Classics Ltd

£2.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (7.9%)

-11% - H & H Classics Ltd

7.9% - Industry AVG

production

Production

with a gross margin of 7.2%, this company has a higher cost of product (11.7%)

7.2% - H & H Classics Ltd

11.7% - Industry AVG

profitability

Profitability

an operating margin of -4.7% make it less profitable than the average company (2.9%)

-4.7% - H & H Classics Ltd

2.9% - Industry AVG

employees

Employees

with 15 employees, this is above the industry average (7)

15 - H & H Classics Ltd

7 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.9k, the company has an equivalent pay structure (£31.9k)

£31.9k - H & H Classics Ltd

£31.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £173.1k, this is less efficient (£451k)

£173.1k - H & H Classics Ltd

£451k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 30 days, this is later than average (10 days)

30 days - H & H Classics Ltd

10 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 66 days, this is slower than average (16 days)

66 days - H & H Classics Ltd

16 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - H & H Classics Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (10 weeks)

47 weeks - H & H Classics Ltd

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 63%, this is a similar level of debt than the average (67.8%)

63% - H & H Classics Ltd

67.8% - Industry AVG

h & h classics ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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H & H Classics Ltd Competitor Analysis

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Perform a competitor analysis for h & h classics ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

h & h classics ltd Ownership

H & H CLASSICS LTD group structure

H & H Classics Ltd has no subsidiary companies.

Ultimate parent company

1 parent

H & H CLASSICS LTD

02852199

H & H CLASSICS LTD Shareholders

h & h group holdings ltd 100%

h & h classics ltd directors

H & H Classics Ltd currently has 3 directors. The longest serving directors include Mr Damian Jones (Feb 2024) and Mr Stewart Davies (Feb 2024).

officercountryagestartendrole
Mr Damian Jones49 years Feb 2024- Director
Mr Stewart DaviesEngland72 years Feb 2024- Director
Mrs Colette McKay43 years Feb 2024- Director

H & H CLASSICS LTD financials

EXPORTms excel logo

H & H Classics Ltd's latest turnover from January 2023 is estimated at £2.6 million and the company has net assets of £261 thousand. According to their latest financial statements, H & H Classics Ltd has 15 employees and maintains cash reserves of £403.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2023Jan 2022Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover2,595,9051,632,1663,726,8912,101,9602,922,5531,716,0463,253,1992,845,5112,075,8302,756,2201,990,4082,711,9592,084,0250
Other Income Or Grants00000000000000
Cost Of Sales2,408,9141,515,0223,491,1951,963,7182,714,1611,590,9593,008,5682,610,7501,914,7662,549,3321,832,6072,496,4011,906,2860
Gross Profit186,991117,144235,696138,242208,392125,087244,631234,761161,065206,888157,802215,559177,7390
Admin Expenses308,934-337,6233,128-860,437-315,542227,114382,252165,053166,01177,770285,858121,21282,419-1,024,659
Operating Profit-121,943454,767232,568998,679523,934-102,027-137,62169,708-4,946129,118-128,05694,34795,3201,024,659
Interest Payable00006,5427,3411,0000000000
Interest Receivable14,0755002,74013,43410,9047,8373,9845,3894,6974,2283,5384,2253,9301,654
Pre-Tax Profit-107,868455,268235,3071,012,114528,295-101,531-134,63775,096-249133,347-124,51898,57299,2501,026,313
Tax0-86,501-44,708-192,302-100,37600-15,0190-30,6700-25,629-27,790-287,367
Profit After Tax-107,868368,767190,599819,812427,919-101,531-134,63760,077-249102,677-124,51872,94371,460738,945
Dividends Paid00000000000000
Retained Profit-107,868368,767190,599819,812427,919-101,531-134,63760,077-249102,677-124,51872,94371,460738,945
Employee Costs478,441362,640331,575366,931440,278408,936492,084111,38183,189133,415103,209130,196106,0970
Number Of Employees151211121514174354540
EBITDA*-92,744494,279279,5781,044,254581,649-41,922-67,299124,81351,016191,171-35,026190,478184,9181,111,054

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2023Jan 2022Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets70,12391,915115,577143,883135,957132,562193,893172,694144,016164,499190,213201,778188,636176,290
Intangible Assets10,86116,48725,37218,05211,57217,56410,60617,80810,32016,96129,04641,69693,348130,479
Investments & Other0086,785190,033101,67630,00030,00030,00030,00030,00030,00030,00030,00030,000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets80,984108,402227,734351,968249,205180,126234,499220,502184,336211,460249,259273,474311,984336,769
Stock & work in progress0108,115171,115167,115163,335423,335315,335374,470228,720101,50080,00080,00027,000125,500
Trade Debtors219,871165,505111,201124,15499,62543,050289,958301,918105,588166,832186,918257,608103,43120,365
Group Debtors00000000000000
Misc Debtors0000083,50753,98687,566000000
Cash403,904400,3843,525,2141,954,3491,628,1621,279,4861,855,1341,332,260823,1481,055,637635,683779,433910,440661,539
misc current assets00000000000000
total current assets623,775674,0043,807,5302,245,6181,891,1221,829,3782,514,4132,096,2141,157,4561,323,969902,6011,117,0411,040,871807,404
total assets704,759782,4064,035,2642,597,5862,140,3272,009,5042,748,9122,316,7161,341,7921,535,4291,151,8601,390,5151,352,8551,144,173
Bank overdraft00000193,84832,0140000000
Bank loan00000000000000
Trade Creditors 441,856408,2941,904,085651,3311,019,23989,841271,213182,551480,434664,374377,861499,156542,350240,707
Group/Directors Accounts00000176,655177,231172,53000000164,422
other short term finances00000000000000
hp & lease commitments0000023,65325,2155,752000000
other current liabilities00000826,5711,418,5291,028,339000000
total current liabilities441,856408,2941,904,085651,3311,019,2391,310,5681,924,2021,389,172480,434664,374377,861499,156542,350405,129
loans00000000000000
hp & lease commitments00000037,9126,109000000
Accruals and Deferred Income00000000000000
other liabilities0000011,2040009,44815,0697,91100
provisions1,9045,2457,58213,2577,9022,46500000000
total long term liabilities1,9045,2457,58213,2577,90213,66937,9126,10909,44815,0697,91100
total liabilities443,760413,5391,911,667664,5881,027,1411,324,2371,962,1141,395,281480,434673,822392,930507,067542,350405,129
net assets260,999368,8672,123,5971,932,9981,113,186685,267786,798921,435861,358861,607758,930883,448810,505739,044
total shareholders funds260,999368,8672,123,5971,932,9981,113,186685,267786,798921,435861,358861,607758,930883,448810,505739,044
Jan 2023Jan 2022Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-121,943454,767232,568998,679523,934-102,027-137,62169,708-4,946129,118-128,05694,34795,3201,024,659
Depreciation23,57331,52239,10239,15351,72353,11363,12054,58349,32049,96860,37944,47939,26637,383
Amortisation5,6267,9907,9086,4225,9926,9927,2025226,64212,08532,65151,65250,33249,012
Tax0-86,501-44,708-192,302-100,37600-15,0190-30,6700-25,629-27,790-287,367
Stock-108,115108,1154,0003,780-260,000108,000-59,135145,750127,22021,500053,000-98,500125,500
Debtors54,366165,505-12,95324,529-26,932-217,387-45,540283,896-61,244-20,086-70,690154,17783,06620,365
Creditors33,562408,2941,252,754-367,908929,398-181,37288,662-297,883-183,940286,513-121,295-43,194301,643240,707
Accruals and Deferred Income0000-826,571-591,958390,1901,028,339000000
Deferred Taxes & Provisions-3,3415,245-5,6755,3555,4372,46500000000
Cash flow from operations-8,774547,6971,490,902461,090876,469-703,400516,228410,604-198,900445,600-85,631-85,522474,205918,529
Investing Activities
capital expenditure-1,781-147,914-26,024-59,981-55,118-5,732-84,319-91,271-28,838-24,254-68,815-57,621-64,813-393,164
Change in Investments00-103,24888,35771,6760000000030,000
cash flow from investments-1,781-147,91477,224-148,338-126,794-5,732-84,319-91,271-28,838-24,254-68,815-57,621-64,813-423,164
Financing Activities
Bank loans00000000000000
Group/Directors Accounts0000-176,655-5764,701172,5300000-164,422164,422
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments0000-23,653-39,47451,26611,861000000
other long term liabilities0000-11,20411,20400-9,448-5,6217,1587,91100
share issue01000000000000199
interest14,0755002,74013,4344,3624962,9845,3894,6974,2283,5384,2253,9301,654
cash flow from financing14,0756002,74013,434-207,150-28,35058,951189,780-4,751-1,39310,69612,136-160,491166,175
cash and cash equivalents
cash3,520400,3841,570,865326,187348,676-575,648522,874509,112-232,489419,954-143,750-131,007248,901661,539
overdraft0000-193,848161,83432,0140000000
change in cash3,520400,3841,570,865326,187542,524-737,482490,860509,112-232,489419,954-143,750-131,007248,901661,539

P&L

January 2023

turnover

2.6m

+59%

operating profit

-121.9k

0%

gross margin

7.3%

+0.36%

turnover

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

Balance Sheet

January 2023

net assets

261k

-0.29%

total assets

704.8k

-0.1%

cash

403.9k

+0.01%

net assets

Total assets minus all liabilities

h & h classics ltd company details

company number

02852199

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

September 1993

age

31

accounts

Unaudited Abridged

ultimate parent company

previous names

h & h sales limited (February 2010)

h & h classic auctions ltd (March 2008)

incorporated

UK

address

8 eastway, sale, cheshire, M33 4DX

last accounts submitted

January 2023

h & h classics 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 2 charges/mortgages relating to h & h classics ltd. Currently there are 1 open charges and 1 have been satisfied in the past.

charges

h & h classics ltd Companies House Filings - See Documents

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