hi2 limited
hi2 limited Company Information
Company Number
03059601
Next Accounts
2275 days late
Industry
Computer consultancy activities
Directors
-
Shareholders
david wainwright
yasmin wainwright
View AllGroup Structure
View All
Contact
Registered Address
the courtyard, chapel lane, bodicote, banbury, oxfordshire, OX15 4DB
Website
hi2.horseisle.comhi2 limited Estimated Valuation
Pomanda estimates the enterprise value of HI2 LIMITED at £5.5m based on a Turnover of £7.9m and 0.7x industry multiple (adjusted for size and gross margin).
hi2 limited Estimated Valuation
Pomanda estimates the enterprise value of HI2 LIMITED at £0 based on an EBITDA of £-132k and a 5.05x industry multiple (adjusted for size and gross margin).
hi2 limited Estimated Valuation
Pomanda estimates the enterprise value of HI2 LIMITED at £2.7m based on Net Assets of £1.2m and 2.22x industry multiple (adjusted for liquidity).
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Hi2 Limited Overview
Hi2 Limited is a live company located in banbury, OX15 4DB with a Companies House number of 03059601. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in May 1995, it's largest shareholder is david wainwright with a 68.8% stake. Hi2 Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.9m with rapid growth in recent years.
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Hi2 Limited Health Check
Pomanda's financial health check has awarded Hi2 Limited a 4.5 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
5 Strong
2 Regular
4 Weak
Size
annual sales of £7.9m, make it larger than the average company (£137.8k)
- Hi2 Limited
£137.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 66%, show it is growing at a faster rate (4.9%)
- Hi2 Limited
4.9% - Industry AVG
Production
with a gross margin of 32.7%, this company has a higher cost of product (59.6%)
- Hi2 Limited
59.6% - Industry AVG
Profitability
an operating margin of -1.7% make it less profitable than the average company (15.3%)
- Hi2 Limited
15.3% - Industry AVG
Employees
with 38 employees, this is above the industry average (31)
- Hi2 Limited
31 - Industry AVG
Pay Structure
on an average salary of £57.8k, the company has an equivalent pay structure (£57.8k)
- Hi2 Limited
£57.8k - Industry AVG
Efficiency
resulting in sales per employee of £208.3k, this is more efficient (£126.9k)
- Hi2 Limited
£126.9k - Industry AVG
Debtor Days
it gets paid by customers after 121 days, this is later than average (54 days)
- Hi2 Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (38 days)
- Hi2 Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Hi2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2227 weeks, this is more cash available to meet short term requirements (38 weeks)
2227 weeks - Hi2 Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.7%, this is a similar level of debt than the average (58.6%)
63.7% - Hi2 Limited
58.6% - Industry AVG
HI2 LIMITED financials
Hi2 Limited's latest turnover from November 2016 is estimated at £7.9 million and the company has net assets of £1.2 million. According to their latest financial statements, we estimate that Hi2 Limited has 38 employees and maintains cash reserves of £42.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 416,434 | 429,861 | ||||||
| Other Income Or Grants | 0 | 0 | ||||||
| Cost Of Sales | 126,736 | 34,836 | ||||||
| Gross Profit | 289,698 | 395,025 | ||||||
| Admin Expenses | 652,031 | 598,640 | ||||||
| Operating Profit | -362,333 | -203,615 | ||||||
| Interest Payable | 23,700 | 20,231 | ||||||
| Interest Receivable | 0 | 2,709 | ||||||
| Pre-Tax Profit | -386,033 | -221,137 | ||||||
| Tax | 0 | 0 | ||||||
| Profit After Tax | -386,033 | -221,137 | ||||||
| Dividends Paid | 0 | 0 | ||||||
| Retained Profit | -386,033 | -221,137 | ||||||
| Employee Costs | 121,716 | 59,786 | ||||||
| Number Of Employees | ||||||||
| EBITDA* | -333,649 | -174,931 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 712,167 | 712,167 | 688,167 | 688,167 | 707,088 | 711,819 | 1,137,800 | 1,166,484 |
| Intangible Assets | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 64,639 | 64,639 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 712,167 | 712,167 | 688,167 | 688,167 | 707,089 | 711,820 | 1,202,440 | 1,231,124 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,638,930 | 892,321 | 554,160 | 484,121 | 419,007 | 427,483 | 779,475 | 121,913 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,038,636 |
| Misc Debtors | 0 | 0 | 201,345 | 0 | 0 | 0 | 0 | 3,542 |
| Cash | 42,199 | 27,517 | 370,699 | 1,051 | 15,885 | 0 | 15,668 | 25,343 |
| misc current assets | 1,100 | 1,100 | 1,101 | 1,101 | 1 | 64,639 | 0 | 0 |
| total current assets | 2,682,229 | 920,938 | 1,127,305 | 486,273 | 434,893 | 492,122 | 795,143 | 1,189,434 |
| total assets | 3,394,396 | 1,633,105 | 1,815,472 | 1,174,440 | 1,141,982 | 1,203,942 | 1,997,583 | 2,420,558 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35,001 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 985 | 118,335 | 305,727 | 31,864 | 195,960 | 146,876 | 442,900 | 397,402 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 204,372 |
| total current liabilities | 985 | 118,335 | 305,727 | 31,864 | 195,960 | 146,876 | 442,900 | 636,775 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 611,543 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 109,068 | 48,985 | 0 | 0 | 0 | 0 |
| other liabilities | 2,161,752 | 151,248 | 0 | 0 | 324,252 | 324,252 | 759,476 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,161,752 | 151,248 | 109,068 | 48,985 | 324,252 | 324,252 | 759,476 | 611,543 |
| total liabilities | 2,162,737 | 269,583 | 414,795 | 80,849 | 520,212 | 471,128 | 1,202,376 | 1,248,318 |
| net assets | 1,231,659 | 1,363,522 | 1,400,677 | 1,093,591 | 621,770 | 732,814 | 795,207 | 1,172,240 |
| total shareholders funds | 1,231,659 | 1,363,522 | 1,400,677 | 1,093,591 | 621,770 | 732,814 | 795,207 | 1,172,240 |
| Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -362,333 | -203,615 | ||||||
| Depreciation | 0 | 0 | 0 | 3,784 | 4,731 | 13,993 | 28,684 | 28,684 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,746,609 | 136,816 | 271,384 | 65,114 | -8,476 | -351,992 | -384,616 | 1,164,091 |
| Creditors | -117,350 | -187,392 | 273,863 | -164,096 | 49,084 | -296,024 | 45,498 | 397,402 |
| Accruals and Deferred Income | 0 | -109,068 | 60,083 | 48,985 | 0 | 0 | -204,372 | 204,372 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -107,907 | -737,248 | ||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -64,639 | 0 | 64,639 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -611,543 | 611,543 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 2,010,504 | 151,248 | 0 | -324,252 | 0 | -435,224 | 759,476 | 0 |
| share issue | ||||||||
| interest | -23,700 | -17,522 | ||||||
| cash flow from financing | 133,233 | 1,987,398 | ||||||
| cash and cash equivalents | ||||||||
| cash | 14,682 | -343,182 | 369,648 | -14,834 | 15,885 | -15,668 | -9,675 | 25,343 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -35,001 | 35,001 |
| change in cash | 14,682 | -343,182 | 369,648 | -14,834 | 15,885 | -15,668 | 25,326 | -9,658 |
hi2 limited Credit Report and Business Information
Hi2 Limited Competitor Analysis
Perform a competitor analysis for hi2 limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in OX15 area or any other competitors across 12 key performance metrics.
hi2 limited Ownership
HI2 LIMITED group structure
Hi2 Limited has 2 subsidiary companies.
Ultimate parent company
HI2 LIMITED
03059601
2 subsidiaries
hi2 limited directors
Hi2 Limited currently has 1 director, undefined undefined serving since - .
| officer | country | age | start | end | role |
|---|
P&L
November 2016turnover
7.9m
+169%
operating profit
-132k
0%
gross margin
32.8%
+6.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2016net assets
1.2m
-0.1%
total assets
3.4m
+1.08%
cash
42.2k
+0.53%
net assets
Total assets minus all liabilities
hi2 limited company details
company number
03059601
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
May 1995
age
29
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
November 2016
previous names
tvml limited (September 2000)
the virtual worlds production company limited (January 1996)
accountant
-
auditor
-
address
the courtyard, chapel lane, bodicote, banbury, oxfordshire, OX15 4DB
Bank
BARCLAYS BANK PLC
Legal Advisor
-
hi2 limited 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 3 charges/mortgages relating to hi2 limited. Currently there are 3 open charges and 0 have been satisfied in the past.
hi2 limited Companies House Filings - See Documents
| date | description | view/download |
|---|
