Herald Investment Management Limited

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herald investment management limited Company Information

Live

MatureMidDeclining

Company Number

02877061

Next Accounts

Dec 2025

Industry

Fund management activities

Directors

Katherine Potts

John Booth

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Shareholders

himl holdings limited

peter jenkins

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Group Structure

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Contact

Registered Address

10-11 charterhouse square, london, EC1M 6EE

Website

www.heralduk.com

herald investment management limited Estimated Valuation

£31m

Pomanda estimates the enterprise value of HERALD INVESTMENT MANAGEMENT LIMITED at £31m based on an EBITDA of £5.7m and a 5.45x industry multiple (adjusted for size and gross margin).

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Herald Investment Management Limited is a live company located in london, EC1M 6EE with a Companies House number of 02877061. It operates in the fund management activities sector, SIC Code 66300. Founded in December 1993, it's largest shareholder is himl holdings limited with a 87.1% stake. Herald Investment Management Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13m with declining growth in recent years.

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Pomanda's financial health check has awarded Herald Investment Management Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

2 Weak

Size

annual sales of £13m, make it larger than the average company (£2.9m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (4.8%)

EXPORT

Herald Investment Management Limited's latest turnover from March 2024 is £13 million and the company has net assets of £15.3 million. According to their latest financial statements, Herald Investment Management Limited has 23 employees and maintains cash reserves of £4.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	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	12,988,464	13,794,046	17,096,295	15,969,580	11,648,275	10,363,266	10,072,723	8,537,253	7,281,745	7,156,822	6,687,206	5,721,125	5,468,808	5,281,948	4,122,081
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	482,420	643,465	751,380	1,027,326	709,234	703,318	672,805	819,385	673,915	1,104,666	1,531,231	1,047,632	1,164,919	1,138,482	926,642
Gross Profit	12,506,044	13,150,581	16,344,915	14,942,254	10,939,041	9,659,948	9,399,918	7,717,868	6,607,830	6,052,156	5,155,975	4,673,493	4,303,889	4,143,466	3,195,439
Admin Expenses	6,898,798	6,606,129	6,034,737	5,799,292	5,496,585	4,728,723	3,820,093	3,177,400	2,266,640	1,697,911	1,419,296	1,360,868	1,113,626	1,405,296	1,157,707
Operating Profit	5,607,246	6,544,452	10,310,178	9,142,962	5,442,456	4,931,225	5,579,825	4,540,468	4,341,190	4,354,245	3,736,679	3,312,625	3,190,263	2,738,170	2,037,732
Interest Payable	0	3,693	5,032	5,280	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	330,992	145,865	29,196	28,962	58,888	97,725	74,153	59,502	56,228	58,025	66,256	61,463	60,251	59,659	67,034
Pre-Tax Profit	7,475,009	6,013,894	10,949,610	9,696,396	5,566,080	4,884,614	5,367,888	4,854,636	4,121,450	4,482,391	3,798,194	3,374,088	3,250,419	2,797,829	2,236,834
Tax	-1,856,890	-1,134,875	-2,303,887	-1,869,026	-1,056,687	-909,727	-1,035,673	-719,816	-817,629	-936,244	-249,365	-715,799	-580,041	-787,119	-561,335
Profit After Tax	5,618,119	4,879,019	8,645,723	7,827,370	4,509,393	3,974,887	4,332,215	4,134,820	3,303,821	3,546,147	3,548,829	2,658,289	2,670,378	2,010,710	1,675,499
Dividends Paid	5,033,374	5,536,712	5,975,049	4,870,874	2,902,526	2,852,522	3,304,613	4,248,784	2,772,525	2,757,525	2,573,687	2,289,439	2,255,438	2,354,677	2,012,286
Retained Profit	584,745	-657,693	2,670,674	2,956,496	1,606,867	1,122,365	1,027,602	-113,964	531,296	788,622	975,142	368,850	414,940	-343,967	-336,787
Employee Costs	3,296,890	3,809,864	3,182,844	4,888,184	2,474,226	1,975,713	2,079,167	1,871,957	1,666,250	1,448,190	1,490,445	1,329,069	1,442,906	1,428,564	1,391,926
Number Of Employees	23	22	21	20	19	15	16	16	14	13	15	13	13	14	14
EBITDA*	5,680,205	6,606,496	10,403,069	9,231,943	5,560,892	4,959,774	5,613,358	4,572,919	4,373,641	4,404,146	3,787,050	3,333,942	3,204,902	2,763,382	2,050,657

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	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	126,439	110,039	147,009	202,443	141,777	34,249	23,774	27,628	35,337	50,071	40,163	49,528	23,774	23,774	24,364
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	6,291,181	6,109,296	6,384,678	5,367,773	3,851,511	2,666,960	3,384,981	2,982,798	2,557,783	2,371,202	1,567,010	1,103,570	1,538,491	1,432,524	1,160,090
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	6,417,620	6,219,335	6,531,687	5,570,216	3,993,288	2,701,209	3,408,755	3,010,426	2,593,120	2,421,273	1,607,173	1,153,098	1,562,265	1,456,298	1,184,454
Stock & work in progress	0	0	0	0	0	747,195	999,409	0	0	0	0	0	0	0	0
Trade Debtors	6,750	6,750	6,750	35,019	6,945	26,157	28,307	18,481	37,416	14,091	18,216	16,850	12,032	16,566	12,977
Group Debtors	0	0	0	0	0	0	0	103,371	650,421	395,375	0	0	0	76,622	69,247
Misc Debtors	3,171,187	3,323,046	3,208,865	2,688,646	2,350,387	2,294,480	1,957,052	1,598,995	1,290,427	968,450	950,030	812,840	647,503	832,499	837,700
Cash	4,590,459	4,120,100	7,564,888	5,545,117	4,742,067	3,828,114	1,660,529	630,281	583,294	883,491	1,213,884	1,497,704	912,077	465,469	428,323
misc current assets	5,951,129	3,030,887	647,320	643,207	0	0	0	1,275,821	1,197,632	1,236,100	1,391,112	1,341,561	1,297,623	1,257,050	1,239,487
total current assets	13,719,525	10,480,783	11,427,823	8,911,989	7,709,217	6,895,946	4,645,297	3,626,949	3,759,190	3,497,507	3,573,242	3,668,955	2,869,235	2,648,206	2,587,734
total assets	20,137,145	16,700,118	17,959,510	14,482,205	11,702,505	9,597,155	8,054,052	6,637,375	6,352,310	5,918,780	5,180,415	4,822,053	4,431,500	4,104,504	3,772,188
Bank overdraft	0	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	0
Trade Creditors	46,124	17,794	54,522	23,195	44,773	49,843	15,725	3,933	15,085	98,125	89,085	8,672	3,758	65,967	18,262
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	3,640,727	1,036,169	1,596,068	1,781,993	2,400,778	2,036,104	1,926,432	1,536,081	1,032,797	1,252,766	1,436,124	1,156,618	1,375,186	1,332,028	827,987
total current liabilities	3,686,851	1,053,963	1,650,590	1,805,188	2,445,551	2,085,947	1,942,157	1,540,014	1,047,882	1,350,891	1,525,209	1,165,290	1,378,944	1,397,995	846,249
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	753,906	863,372	649,522
other liabilities	0	0	0	0	0	0	0	0	0	159,387	35,326	803,204	0	0	0
provisions	1,152,053	932,659	937,731	610,253	146,686	107,507	31,959	45,027	228,730	0	0	0	0	0	0
total long term liabilities	1,152,053	932,659	937,731	610,253	146,686	107,507	31,959	45,027	228,730	159,387	35,326	803,204	753,906	863,372	649,522
total liabilities	4,838,904	1,986,622	2,588,321	2,415,441	2,592,237	2,193,454	1,974,116	1,585,041	1,276,612	1,510,278	1,560,535	1,968,494	2,132,850	2,261,367	1,495,771
net assets	15,298,241	14,713,496	15,371,189	12,066,764	9,110,268	7,403,701	6,079,936	5,052,334	5,075,698	4,408,502	3,619,880	2,853,559	2,298,650	1,843,137	2,276,417
total shareholders funds	15,298,241	14,713,496	15,371,189	12,066,764	9,110,268	7,403,701	6,079,936	5,052,334	5,075,698	4,408,502	3,619,880	2,853,559	2,298,650	1,843,137	2,276,417

	Mar 2024	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	5,607,246	6,544,452	10,310,178	9,142,962	5,442,456	4,931,225	5,579,825	4,540,468	4,341,190	4,354,245	3,736,679	3,312,625	3,190,263	2,738,170	2,037,732
Depreciation	72,959	62,044	92,891	88,981	118,436	28,549	33,533	32,451	32,451	49,901	50,371	21,317	14,639	25,212	12,925
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,856,890	-1,134,875	-2,303,887	-1,869,026	-1,056,687	-909,727	-1,035,673	-719,816	-817,629	-936,244	-249,365	-715,799	-580,041	-787,119	-561,335
Stock	0	0	0	0	-747,195	-252,214	999,409	0	0	0	0	0	0	0	0
Debtors	-151,859	114,181	491,950	366,333	36,695	335,278	264,512	-257,417	600,348	409,670	138,556	170,155	-266,152	5,763	919,924
Creditors	28,330	-36,728	31,327	-21,578	-5,070	34,118	11,792	-11,152	-83,040	9,040	80,413	4,914	-62,209	47,705	18,262
Accruals and Deferred Income	2,604,558	-559,899	-185,925	-618,785	364,674	109,672	390,351	503,284	-219,969	-183,358	279,506	-972,474	-66,308	717,891	1,477,509
Deferred Taxes & Provisions	219,394	-5,072	327,478	463,567	39,179	75,548	-13,068	-183,703	228,730	0	0	0	0	0	0
Cash flow from operations	6,827,456	4,755,741	7,780,112	6,819,788	5,613,488	4,186,321	3,702,839	4,418,949	2,881,385	2,883,914	3,759,048	1,480,428	2,762,496	2,736,096	2,065,169
Investing Activities
capital expenditure	-89,359	-25,074	-37,457	-149,647	-225,964	-39,024	-29,679	-24,742	-17,717	-59,809	-41,006	-47,071	-14,639	-24,622	-37,289
Change in Investments	181,885	-275,382	1,016,905	1,516,262	1,184,551	-718,021	402,183	425,015	186,581	804,192	463,440	-434,921	105,967	272,434	1,160,090
cash flow from investments	-271,244	250,308	-1,054,362	-1,665,909	-1,410,515	678,997	-431,862	-449,757	-204,298	-864,001	-504,446	387,850	-120,606	-297,056	-1,197,379
Financing Activities
Bank loans	0	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	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	0	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	-159,387	124,061	-767,878	803,204	0	0	0
share issue	0	0	633,751	0	99,700	201,400	0	90,600	135,900	0	-208,821	186,059	40,573	-89,313	2,613,204
interest	330,992	142,172	24,164	23,682	58,888	97,725	74,153	59,502	56,228	58,025	66,256	61,463	60,251	59,659	67,034
cash flow from financing	330,992	142,172	657,915	23,682	158,588	299,125	74,153	150,102	32,741	182,086	-910,443	1,050,726	100,824	-29,654	2,680,238
cash and cash equivalents
cash	470,359	-3,444,788	2,019,771	803,050	913,953	2,167,585	1,030,248	46,987	-300,197	-330,393	-283,820	585,627	446,608	37,146	428,323
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	470,359	-3,444,788	2,019,771	803,050	913,953	2,167,585	1,030,248	46,987	-300,197	-330,393	-283,820	585,627	446,608	37,146	428,323

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HERALD INVESTMENT MANAGEMENT LIMITED group structure

Herald Investment Management Limited has 3 subsidiary companies.

Ultimate parent company

HIML HOLDINGS LIMITED

05258514

1 parent

HERALD INVESTMENT MANAGEMENT LIMITED

02877061

3 subsidiaries

HERALD G.P. II LIMITED

05264067

HERALD VENTURES SCOTLAND (GP) LIMITED

SC274553

HERALD GP LIMITED

03825814

HERALD INVESTMENT MANAGEMENT LIMITED Shareholders

himl holdings limited	87.14%
peter jenkins	2.48%
ezzat taymour	2.48%
trustees of the fraser elms sipp	1.99%
the jolly good group limited	1.94%
georgina lesley smith	1.14%
fatemeh naraghi	0.99%
jn0051 - robert m johnston rev tr	0.99%
elms fraser	0.55%
luo hao	0.25%

Herald Investment Management Limited currently has 4 directors. The longest serving directors include Miss Katherine Potts (Dec 1993) and Mr John Booth (Oct 2008).

officer	age	start	end	role
Miss Katherine Potts	65 years	Dec 1993	-	Director
Mr John Booth	66 years	Oct 2008	-	Director
Mrs Vanessa Donegan	66 years	Jan 2016	-	Director
Miss Jean Kemmis Matterson	68 years	Nov 2017	-	Director

P&L

March 2024

turnover

13m

-6%

operating profit

5.6m

-14%

gross margin

96.3%

+1%

turnover

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

Balance Sheet

March 2024

net assets

15.3m

+0.04%

total assets

20.1m

+0.21%

cash

4.6m

+0.11%

net assets

Total assets minus all liabilities

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company number

02877061

Type

Private limited with Share Capital

industry

66300 - Fund management activities

incorporation date

December 1993

ultimate parent company

HIML HOLDINGS LIMITED

previous names

rcim limited (November 1995)

rutherford communication managers limited (March 1995)

address

10-11 charterhouse square, london, EC1M 6EE

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herald investment management limited Company Information

herald investment management limited Estimated Valuation

herald investment management limited Estimated Valuation

herald investment management limited Estimated Valuation

Herald Investment Management Limited Overview

Herald Investment Management Limited Health Check

HERALD INVESTMENT MANAGEMENT LIMITED financials

herald investment management limited Credit Report and Business Information

Herald Investment Management Limited Competitor Analysis

herald investment management limited Ownership

herald investment management limited directors

herald investment management limited company details

herald investment management limited Charges & Mortgages

herald investment management limited Capital Raised & Share Issues BETA

herald investment management limited Companies House Filings - See Documents