Hygienic Pigging Systems Limited

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hygienic pigging systems limited Company Information

Company Number

02974969

Next Accounts

Sep 2025

Directors

Gilbert Murphy

Steven Ker

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Shareholders

hps product recovery solutions ltd

Group Structure

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Industry

Manufacture of other special-purpose machinery n.e.c.

Registered Address

unit 46 evelyn street, beeston, nottingham, NG9 2EU

Website

http://hps-pigging.com

hygienic pigging systems limited Estimated Valuation

£4.4m

Pomanda estimates the enterprise value of HYGIENIC PIGGING SYSTEMS LIMITED at £4.4m based on Net Assets of £2m and 2.21x industry multiple (adjusted for liquidity).

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Hygienic Pigging Systems Limited is a live company located in nottingham, NG9 2EU with a Companies House number of 02974969. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in October 1994, it's largest shareholder is hps product recovery solutions ltd with a 100% stake. Hygienic Pigging Systems Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.7m with high growth in recent years.

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Pomanda's financial health check has awarded Hygienic Pigging Systems Limited a 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

Health Rating5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £5.7m, make it smaller than the average company (£12.5m)

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (5.3%)

EXPORT

Hygienic Pigging Systems Limited's latest turnover from December 2023 is estimated at £5.7 million and the company has net assets of £2 million. According to their latest financial statements, Hygienic Pigging Systems Limited has 22 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	5,699,991	6,684,676	2,596,542	2,872,521	2,818,791	2,778,487	2,278,285	3,109,718	1,643,958	2,654,798	2,267,125	2,806,186	3,029,371	2,182,516
Other Income Or Grants
Cost Of Sales	3,950,563	4,631,783	1,802,069	2,024,813	1,972,504	1,927,039	1,548,247	2,084,112	1,120,025	1,812,331	1,530,081	1,894,070	2,037,388	1,438,883
Gross Profit	1,749,428	2,052,893	794,473	847,707	846,287	851,448	730,038	1,025,606	523,933	842,467	737,044	912,115	991,982	743,632
Admin Expenses	1,463,649	1,955,498	548,191	229,773	771,328	947,623	438,438	1,212,040	253,128	795,339	709,924	783,334	917,022	750,668	-477,447
Operating Profit	285,779	97,395	246,282	617,934	74,959	-96,175	291,600	-186,434	270,805	47,128	27,120	128,781	74,960	-7,036	477,447
Interest Payable							105	883	814
Interest Receivable	89,995	50,926	2,412	475	2,580	2,675	1,889	1,097	2,375	1,753	1,304	580	515	849	439
Pre-Tax Profit	375,775	148,321	248,694	618,410	77,540	-93,500	293,384	-186,221	272,366	48,881	28,423	129,361	75,474	-6,187	477,886
Tax	-93,944	-28,181	-47,252	-117,498	-14,733		-55,743		-54,473	-10,265	-6,537	-31,047	-19,623		-133,808
Profit After Tax	281,831	120,140	201,442	500,912	62,807	-93,500	237,641	-186,221	217,893	38,616	21,886	98,314	55,851	-6,187	344,078
Dividends Paid
Retained Profit	281,831	120,140	201,442	500,912	62,807	-93,500	237,641	-186,221	217,893	38,616	21,886	98,314	55,851	-6,187	344,078
Employee Costs	1,141,775	1,023,231	941,969	919,003	914,824	1,033,120	1,084,885	1,075,855	452,854	655,955	564,961	665,105	722,352	546,777
Number Of Employees	22	21	20	20	20	23	25	26	11	16	14	17	19	15
EBITDA*	334,327	141,734	301,084	662,811	118,314	-57,242	328,536	-158,788	303,399	86,191	72,203	162,197	94,279	8,484	492,008

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	57,797	75,418	75,976	107,250	91,054	90,882	107,866	110,257	73,594	73,145	97,524	117,729	41,916	21,930	24,799
Intangible Assets							1,387	4,014	6,640	9,267	8,649	12,644	6,168	9,768	13,368
Investments & Other	14,025	14,025	14,025	14,025	14,025	14,025	14,025	14,025	14,025	13,964	1	1	1	1	1
Debtors (Due After 1 year)
Total Fixed Assets	71,822	89,443	90,001	121,275	105,079	104,907	123,278	128,296	94,259	96,376	106,174	130,374	48,085	31,699	38,168
Stock & work in progress	715,105	642,689	197,900	199,839	428,022	342,981	259,273	268,019	245,027	346,423	276,287	234,679	221,675	171,316	213,357
Trade Debtors	1,620,268	2,268,495	652,512	748,319	556,151	558,357	390,015	698,278	393,745	482,236	449,529	630,765	743,688	520,630	487,649
Group Debtors	100,715	55,959	567,942	583,125	523,049	504,132	69,252	40,676	60,406
Misc Debtors	241,509	134,186	66,978	70,767	99,030	56,445	80,375	54,589	64,439
Cash	1,930,059	1,498,332	1,411,713	517,750	433,016	255,110	458,278	297,125	580,102	369,727	331,344	190,064	41,858	163,954	175,476
misc current assets
total current assets	4,607,656	4,599,661	2,897,045	2,119,800	2,039,268	1,717,025	1,257,193	1,358,687	1,343,719	1,198,386	1,057,160	1,055,508	1,007,221	855,900	876,482
total assets	4,679,478	4,689,104	2,987,046	2,241,075	2,144,347	1,821,932	1,380,471	1,486,983	1,437,978	1,294,762	1,163,334	1,185,882	1,055,306	887,599	914,650
Bank overdraft								3,232	20,570
Bank loan
Trade Creditors	749,517	818,552	247,370	226,318	315,208	275,169	130,485	301,200	183,739	610,763	500,370	515,376	546,717	446,991	445,981
Group/Directors Accounts	102,111	320,298						6,487	16,965					532	22,718
other short term finances
hp & lease commitments							3,221	6,245
other current liabilities	1,817,587	1,822,153	1,131,789	602,400	922,612	703,123	303,587	465,428	325,805
total current liabilities	2,669,215	2,961,003	1,379,159	828,718	1,237,820	978,292	437,293	782,592	547,079	610,763	500,370	515,376	546,717	447,523	468,699
loans									4,463
hp & lease commitments
Accruals and Deferred Income
other liabilities									1,920	25,249	45,926	70,320	10,023
provisions	14,660	14,329	14,255	20,167	15,249	15,169	21,207	20,061	13,965	6,092	2,996	8,030	4,724	2,085	1,773
total long term liabilities	14,660	14,329	14,255	20,167	15,249	15,169	21,207	20,061	20,348	31,341	48,922	78,350	14,747	2,085	1,773
total liabilities	2,683,875	2,975,332	1,393,414	848,885	1,253,069	993,461	458,500	802,653	567,427	642,104	549,292	593,726	561,464	449,608	470,472
net assets	1,995,603	1,713,772	1,593,632	1,392,190	891,278	828,471	921,971	684,330	870,551	652,658	614,042	592,156	493,842	437,991	444,178
total shareholders funds	1,995,603	1,713,772	1,593,632	1,392,190	891,278	828,471	921,971	684,330	870,551	652,658	614,042	592,156	493,842	437,991	444,178

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	285,779	97,395	246,282	617,934	74,959	-96,175	291,600	-186,434	270,805	47,128	27,120	128,781	74,960	-7,036	477,447
Depreciation	48,548	44,339	54,802	44,877	43,355	37,546	34,309	25,020	26,850	33,640	37,718	29,189	15,719	11,920	10,961
Amortisation						1,387	2,627	2,626	5,744	5,423	7,365	4,227	3,600	3,600	3,600
Tax	-93,944	-28,181	-47,252	-117,498	-14,733		-55,743		-54,473	-10,265	-6,537	-31,047	-19,623		-133,808
Stock	72,416	444,789	-1,939	-228,183	85,041	83,708	-8,746	22,992	-101,396	70,136	41,608	13,004	50,359	-42,041	213,357
Debtors	-496,148	1,171,208	-114,779	223,981	59,296	579,292	-253,901	274,953	36,354	32,707	-181,236	-112,923	223,058	32,981	487,649
Creditors	-69,035	571,182	21,052	-88,890	40,039	144,684	-170,715	117,461	-427,024	110,393	-15,006	-31,341	99,726	1,010	445,981
Accruals and Deferred Income	-4,566	690,364	529,389	-320,212	219,489	399,536	-161,841	139,623	325,805
Deferred Taxes & Provisions	331	74	-5,912	4,918	80	-6,038	1,146	6,096	7,873	3,096	-5,034	3,306	2,639	312	1,773
Cash flow from operations	590,845	-240,824	915,079	145,331	218,852	-182,060	204,030	-193,553	220,622	86,572	185,254	203,034	-96,396	18,866	104,948
Investing Activities
capital expenditure	-30,927	-43,781	-23,528	-61,073	-43,527	-20,562	-31,918	-61,683	-30,416	-15,302	-20,883	-115,705	-35,705	-9,051	-52,728
Change in Investments									61	13,963					1
cash flow from investments	-30,927	-43,781	-23,528	-61,073	-43,527	-20,562	-31,918	-61,683	-30,477	-29,265	-20,883	-115,705	-35,705	-9,051	-52,729
Financing Activities
Bank loans
Group/Directors Accounts	-218,187	320,298					-6,487	-10,478	16,965				-532	-22,186	22,718
Other Short Term Loans
Long term loans								-4,463	4,463
Hire Purchase and Lease Commitments						-3,221	-3,024	6,245
other long term liabilities								-1,920	-23,329	-20,677	-24,394	60,297	10,023
share issue															100,100
interest	89,995	50,926	2,412	475	2,580	2,675	1,784	214	1,561	1,753	1,304	580	515	849	439
cash flow from financing	-128,192	371,224	2,412	475	2,580	-546	-7,727	-10,402	-340	-18,924	-23,090	60,877	10,006	-21,337	123,257
cash and cash equivalents
cash	431,727	86,619	893,963	84,734	177,906	-203,168	161,153	-282,977	210,375	38,383	141,280	148,206	-122,096	-11,522	175,476
overdraft							-3,232	-17,338	20,570
change in cash	431,727	86,619	893,963	84,734	177,906	-203,168	164,385	-265,639	189,805	38,383	141,280	148,206	-122,096	-11,522	175,476

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HYGIENIC PIGGING SYSTEMS LIMITED group structure

Hygienic Pigging Systems Limited has no subsidiary companies.

Ultimate parent company

HPS PRODUCT RECOVERY SOLUTIONS LTD

11643060

1 parent

HYGIENIC PIGGING SYSTEMS LIMITED

02974969

HYGIENIC PIGGING SYSTEMS LIMITED Shareholders

hps product recovery solutions ltd

100%

Hygienic Pigging Systems Limited currently has 5 directors. The longest serving directors include Mr Gilbert Murphy (Jan 1995) and Mr Steven Ker (Sep 2016).

officer	age	start	end	role
Mr Gilbert Murphy	59 years	Jan 1995	-	Director
Mr Steven Ker	50 years	Sep 2016	-	Director
Mr Peter Elgar	60 years	Jun 2020	-	Director
Mr Andrei Cox	52 years	Sep 2024	-	Director
Lee Marshall	44 years	Sep 2024	-	Director

P&L

December 2023

turnover

5.7m

-15%

operating profit

285.8k

gross margin

30.7%

-0.06%

turnover

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

Balance Sheet

December 2023

net assets

+0.16%

total assets

4.7m

cash

1.9m

+0.29%

net assets

Total assets minus all liabilities

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company number

02974969

Type

Private limited with Share Capital

industry

28990 - Manufacture of other special-purpose machinery n.e.c.

incorporation date

October 1994

ultimate parent company

HPS PRODUCT RECOVERY SOLUTIONS LTD

previous names

eachprint limited (February 1995)

address

unit 46 evelyn street, beeston, nottingham, NG9 2EU

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 hygienic pigging systems limited. Currently there are 1 open charges and 3 have been satisfied in the past.

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hygienic pigging systems limited Company Information

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hygienic pigging systems limited Estimated Valuation

hygienic pigging systems limited Estimated Valuation

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