Harrier Fluid Power Limited

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harrier fluid power limited Company Information

Live

MatureMidHealthy

Company Number

03174819

Website

http://flowfitonline.co.uk

Registered Address

parys road, ludlow business park, ludlow shropshire, SY8 1XY

Industry

Non-specialised wholesale trade

Telephone

01584876033

Next Accounts Due

February 2026

Group Structure

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Directors

Anthony Cole28 Years

Simon Parsonage28 Years

Shareholders

harrier management ltd 50%

sharon jane parsonage 25%

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harrier fluid power limited Estimated Valuation

£6.8m

Pomanda estimates the enterprise value of HARRIER FLUID POWER LIMITED at £6.8m based on a Turnover of £8.9m and 0.77x industry multiple (adjusted for size and gross margin).

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Harrier Fluid Power Limited is a live company located in ludlow shropshire, SY8 1XY with a Companies House number of 03174819. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in March 1996, it's largest shareholder is harrier management ltd with a 50% stake. Harrier Fluid Power Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Harrier Fluid Power Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

2 Strong

7 Regular

3 Weak

Size

annual sales of £8.9m, make it smaller than the average company (£16.2m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (7.4%)

EXPORT

Harrier Fluid Power Limited's latest turnover from May 2024 is estimated at £8.9 million and the company has net assets of £3.4 million. According to their latest financial statements, Harrier Fluid Power Limited has 38 employees and maintains cash reserves of £627.6 thousand 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	8,875,531	7,863,811	7,999,112	6,996,459	5,219,250	7,212,946	5,718,444	5,327,306	4,259,009	3,899,704	4,104,635	3,849,196	3,418,725	2,872,765	2,311,927
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,452,509	5,705,786	5,759,998	5,102,676	3,789,335	5,258,695	4,187,273	3,865,473	3,047,048	2,815,481	2,964,172	2,762,374	2,456,018	2,059,784	1,653,694
Gross Profit	2,423,023	2,158,024	2,239,114	1,893,783	1,429,915	1,954,251	1,531,171	1,461,833	1,211,961	1,084,223	1,140,462	1,086,822	962,707	812,981	658,233
Admin Expenses	1,998,363	1,198,434	1,382,286	1,466,343	1,125,839	1,691,819	1,362,421	1,365,327	1,211,245	975,484	1,044,219	970,645	853,676	729,400	411,298
Operating Profit	424,660	959,590	856,828	427,440	304,076	262,432	168,750	96,506	716	108,739	96,243	116,177	109,031	83,581	246,935
Interest Payable	64,939	52,313	26,501	25,891	13,448	0	0	0	0	0	0	0	0	0	0
Interest Receivable	33,777	31,509	5,647	300	127	519	133	37	96	90	93	145	118	53	4
Pre-Tax Profit	393,499	938,785	835,974	401,849	290,754	262,952	168,883	96,543	813	108,829	96,335	116,322	109,149	83,634	246,939
Tax	-98,375	-234,696	-158,835	-76,351	-55,243	-49,961	-32,088	-18,343	-162	-21,766	-20,230	-26,754	-26,196	-21,745	-69,143
Profit After Tax	295,124	704,089	677,139	325,498	235,511	212,991	136,795	78,200	650	87,063	76,105	89,568	82,953	61,889	177,796
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	295,124	704,089	677,139	325,498	235,511	212,991	136,795	78,200	650	87,063	76,105	89,568	82,953	61,889	177,796
Employee Costs	1,719,571	1,469,463	1,489,627	1,147,589	1,176,619	992,704	675,550	658,187	507,429	464,721	494,645	456,126	420,269	348,832	313,111
Number Of Employees	38	35	37	31	32	27	19	19	15	14	15	14	13	11	10
EBITDA*	498,373	1,019,355	897,811	472,491	331,815	290,005	194,145	121,432	23,040	130,399	110,100	131,266	120,191	94,177	257,483

* 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	2,087,685	1,844,059	1,332,744	1,345,141	1,308,757	1,292,449	1,270,909	1,269,062	1,281,913	1,231,739	757,386	762,313	577,470	559,904	557,622
Intangible Assets	16,800	25,200	33,600	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	60,000	60,000	60,000	60,000	0	0	0	0	0	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	2,164,485	1,929,259	1,426,344	1,405,141	1,308,757	1,292,449	1,270,909	1,269,062	1,281,913	1,231,739	757,386	762,313	577,470	559,904	557,622
Stock & work in progress	2,324,657	2,225,561	1,826,160	1,537,696	1,235,840	1,268,837	910,339	804,460	726,242	715,093	664,933	667,551	608,954	525,588	418,002
Trade Debtors	883,652	751,147	911,045	793,728	440,165	736,445	715,029	680,815	496,431	477,446	602,053	489,493	438,072	362,159	288,389
Group Debtors	100,482	64,660	47,859	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	294,265	284,031	262,974	269,154	320,790	0	0	0	0	0	0	0	0	0	0
Cash	627,611	723,477	676,908	452,582	147,676	105,717	32,781	20,466	9,107	29,298	6,718	30,412	27,550	19,552	1,704
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,230,667	4,048,876	3,724,946	3,053,160	2,144,471	2,110,999	1,658,149	1,505,741	1,231,780	1,221,837	1,273,704	1,187,456	1,074,576	907,299	708,095
total assets	6,395,152	5,978,135	5,151,290	4,458,301	3,453,228	3,403,448	2,929,058	2,774,803	2,513,693	2,453,576	2,031,090	1,949,769	1,652,046	1,467,203	1,265,717
Bank overdraft	0	0	57,979	0	4	0	0	0	0	0	0	0	0	0	0
Bank loan	107,482	77,794	0	69,503	54,952	0	0	0	0	0	0	0	0	0	0
Trade Creditors	993,861	945,081	956,271	987,939	646,227	1,709,774	1,388,372	1,320,577	1,115,504	1,030,887	977,103	949,960	873,773	745,495	564,009
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	1,404,663	1,263,384	1,300,010	1,194,368	830,245	0	0	0	0	0	0	0	0	0	0
total current liabilities	2,506,006	2,286,259	2,314,260	2,251,810	1,531,428	1,709,774	1,388,372	1,320,577	1,115,504	1,030,887	977,103	949,960	873,773	745,495	564,009
loans	426,003	569,422	291,247	338,442	385,970	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	0	0	0
other liabilities	0	0	0	0	0	427,848	491,156	541,072	558,455	586,605	301,107	319,711	190,886	220,307	263,468
provisions	109,211	63,646	78,623	25,485	18,764	21,106	17,801	18,220	23,000	20,000	23,859	27,182	24,039	21,006	19,734
total long term liabilities	535,214	633,068	369,870	363,927	404,734	448,954	508,957	559,292	581,455	606,605	324,966	346,893	214,925	241,313	283,202
total liabilities	3,041,220	2,919,327	2,684,130	2,615,737	1,936,162	2,158,728	1,897,329	1,879,869	1,696,959	1,637,492	1,302,069	1,296,853	1,088,698	986,808	847,211
net assets	3,353,932	3,058,808	2,467,160	1,842,564	1,517,066	1,244,720	1,031,729	894,934	816,734	816,084	729,021	652,916	563,348	480,395	418,506
total shareholders funds	3,353,932	3,058,808	2,467,160	1,842,564	1,517,066	1,244,720	1,031,729	894,934	816,734	816,084	729,021	652,916	563,348	480,395	418,506

	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	424,660	959,590	856,828	427,440	304,076	262,432	168,750	96,506	716	108,739	96,243	116,177	109,031	83,581	246,935
Depreciation	65,313	51,365	32,583	45,051	27,739	27,573	25,395	24,926	22,324	21,660	13,857	15,089	11,160	10,596	10,548
Amortisation	8,400	8,400	8,400	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-98,375	-234,696	-158,835	-76,351	-55,243	-49,961	-32,088	-18,343	-162	-21,766	-20,230	-26,754	-26,196	-21,745	-69,143
Stock	99,096	399,401	288,464	301,856	-32,997	358,498	105,879	78,218	11,149	50,160	-2,618	58,597	83,366	107,586	418,002
Debtors	178,561	-122,040	158,996	301,927	24,510	21,416	34,214	184,384	18,985	-124,607	112,560	51,421	75,913	73,770	288,389
Creditors	48,780	-11,190	-31,668	341,712	-1,063,547	321,402	67,795	205,073	84,617	53,784	27,143	76,187	128,278	181,486	564,009
Accruals and Deferred Income	141,279	-36,626	105,642	364,123	830,245	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	45,565	-14,977	53,138	6,721	-2,342	3,305	-419	-4,780	3,000	-3,859	-3,323	3,143	3,033	1,272	19,734
Cash flow from operations	357,965	444,505	418,628	504,913	49,415	184,837	89,340	40,780	80,361	233,005	3,748	73,824	66,027	73,834	65,692
Investing Activities
capital expenditure	-308,939	-562,680	-62,186	-81,435	-44,047	-49,113	-27,242	-12,075	-72,498	-496,013	-8,930	-199,932	-28,726	-12,878	-568,170
Change in Investments	0	0	0	60,000	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-308,939	-562,680	-62,186	-141,435	-44,047	-49,113	-27,242	-12,075	-72,498	-496,013	-8,930	-199,932	-28,726	-12,878	-568,170
Financing Activities
Bank loans	29,688	77,794	-69,503	14,551	54,952	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	-143,419	278,175	-47,195	-47,528	385,970	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	-427,848	-63,308	-49,916	-17,383	-28,150	285,498	-18,604	128,825	-29,421	-43,161	263,468
share issue	0	-112,441	-52,543	0	36,835	0	0	0	0	0	0	0	0	0	240,710
interest	-31,162	-20,804	-20,854	-25,591	-13,321	519	133	37	96	90	93	145	118	53	4
cash flow from financing	-144,893	222,724	-190,095	-58,568	36,588	-62,789	-49,783	-17,346	-28,054	285,588	-18,511	128,970	-29,303	-43,108	504,182
cash and cash equivalents
cash	-95,866	46,569	224,326	304,906	41,959	72,936	12,315	11,359	-20,191	22,580	-23,694	2,862	7,998	17,848	1,704
overdraft	0	-57,979	57,979	-4	4	0	0	0	0	0	0	0	0	0	0
change in cash	-95,866	104,548	166,347	304,910	41,955	72,936	12,315	11,359	-20,191	22,580	-23,694	2,862	7,998	17,848	1,704

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for harrier fluid power limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in SY8 area or any other competitors across 12 key performance metrics.

HARRIER FLUID POWER LIMITED group structure

Harrier Fluid Power Limited has no subsidiary companies.

Ultimate parent company

HARRIER FLUID POWER LIMITED

03174819

HARRIER FLUID POWER LIMITED Shareholders

harrier management ltd	50%
sharon jane parsonage	25%
simon john parsonage	25%

Harrier Fluid Power Limited currently has 2 directors. The longest serving directors include Mr Anthony Cole (Apr 1996) and Mr Simon Parsonage (Jun 1996).

officer	country	age	start	end	role
Mr Anthony Cole	United Kingdom	78 years	Apr 1996	-	Director
Mr Simon Parsonage	United Kingdom	60 years	Jun 1996	-	Director

P&L

May 2024

turnover

8.9m

+13%

operating profit

424.7k

gross margin

27.4%

-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

3.4m

+0.1%

total assets

6.4m

+0.07%

cash

627.6k

-0.13%

net assets

Total assets minus all liabilities

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company number

03174819

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

March 1996

ultimate parent company

None

previous names

N/A

address

parys road, ludlow business park, ludlow shropshire, SY8 1XY

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 harrier fluid power limited. Currently there are 3 open charges and 1 have been satisfied in the past.

harrier fluid power limited Company Information

harrier fluid power limited Estimated Valuation

harrier fluid power limited Estimated Valuation

harrier fluid power limited Estimated Valuation

Harrier Fluid Power Limited Overview

Harrier Fluid Power Limited Health Check

HARRIER FLUID POWER LIMITED financials

harrier fluid power limited Credit Report and Business Information

Harrier Fluid Power Limited Competitor Analysis

harrier fluid power limited Ownership

harrier fluid power limited directors

harrier fluid power limited company details

harrier fluid power limited Charges & Mortgages

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