hfis limited

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hfis limited Company Information

Share HFIS LIMITED

Company Number

03252806

Directors

Edward Hooker

Teresa Dunne

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Shareholders

brown & brown retail holdco (europe) limited

Group Structure

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Industry

Non-life insurance

 

Registered Address

7th floor, corn exchange, 55 mark lane, london, EC3R 7NE

hfis limited Estimated Valuation

£3.4m

Pomanda estimates the enterprise value of HFIS LIMITED at £3.4m based on a Turnover of £5.7m and 0.6x industry multiple (adjusted for size and gross margin).

hfis limited Estimated Valuation

£6.9m

Pomanda estimates the enterprise value of HFIS LIMITED at £6.9m based on an EBITDA of £1m and a 6.69x industry multiple (adjusted for size and gross margin).

hfis limited Estimated Valuation

£9.2m

Pomanda estimates the enterprise value of HFIS LIMITED at £9.2m based on Net Assets of £5.5m and 1.68x industry multiple (adjusted for liquidity).

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Hfis Limited Overview

Hfis Limited is a live company located in london, EC3R 7NE with a Companies House number of 03252806. It operates in the non-life insurance sector, SIC Code 65120. Founded in September 1996, it's largest shareholder is brown & brown retail holdco (europe) limited with a 100% stake. Hfis Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.7m with declining growth in recent years.

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Hfis Limited Health Check

Pomanda's financial health check has awarded Hfis Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £5.7m, make it larger than the average company (£2.1m)

£5.7m - Hfis Limited

£2.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (8.7%)

-34% - Hfis Limited

8.7% - Industry AVG

production

Production

with a gross margin of 77.2%, this company has a higher cost of product (100%)

77.2% - Hfis Limited

100% - Industry AVG

profitability

Profitability

an operating margin of 13.6% make it less profitable than the average company (17.6%)

13.6% - Hfis Limited

17.6% - Industry AVG

employees

Employees

with 232 employees, this is above the industry average (26)

232 - Hfis Limited

26 - Industry AVG

paystructure

Pay Structure

on an average salary of £20.4k, the company has a lower pay structure (£65.4k)

£20.4k - Hfis Limited

£65.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £24.7k, this is less efficient (£163.6k)

£24.7k - Hfis Limited

£163.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 9 days, this is earlier than average (216 days)

9 days - Hfis Limited

216 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1048 days, this is slower than average (305 days)

1048 days - Hfis Limited

305 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Hfis Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (18 weeks)

15 weeks - Hfis Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 69%, this is a lower level of debt than the average (81.5%)

69% - Hfis Limited

81.5% - Industry AVG

HFIS LIMITED financials

EXPORTms excel logo

Hfis Limited's latest turnover from December 2023 is £5.7 million and the company has net assets of £5.5 million. According to their latest financial statements, Hfis Limited has 232 employees and maintains cash reserves of £3.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Mar 2022Mar 2021Mar 2020Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Turnover5,740,9204,713,93815,545,30013,616,12819,576,7349,141,1137,923,1356,695,1216,262,7625,434,1884,446,7554,625,2734,090,1083,991,8074,625,973
Other Income Or Grants000000000000000
Cost Of Sales1,309,7761,210,0712,889,2632,497,130897,737723,292696,791584,215544,537355,641370,209351,415363,592359,733545,395
Gross Profit4,431,1443,503,86712,656,03711,118,99818,678,9978,417,8217,226,3446,110,9065,718,2255,078,5474,076,5464,273,8583,726,5163,632,0744,080,578
Admin Expenses3,652,8823,734,16413,086,84011,505,44418,969,6746,877,9515,741,0414,763,2093,713,4103,382,9762,775,1882,681,5112,320,0402,458,7383,045,774
Operating Profit778,262-230,297-430,803-386,446-290,6771,539,8701,485,3031,347,6972,004,8151,695,5711,301,3581,592,3471,406,4761,173,3361,034,804
Interest Payable0017710,63837,11118,56018,62016,10203464,8755246679980
Interest Receivable4,84501,619,3482,104,4012,171,03545,00054,77463,92240,89838,768101,28014,57410,49415,03926,420
Pre-Tax Profit783,107-230,2971,452,9071,707,3171,686,9281,566,3101,510,3211,317,9732,446,1851,748,5191,397,7631,606,8691,416,9241,187,6961,060,244
Tax-34,361-267,067-530,168-309,730-245,687-376,396-341,563-256,918-289,778-380,463-323,654-253,737-387,263-349,783-299,398
Profit After Tax748,746-497,364922,7391,397,5871,441,2411,189,9141,168,7581,061,0552,156,4071,368,0561,074,1091,353,1321,029,661837,913760,846
Dividends Paid036,530001,141,9961,025,849972,2111,008,902879,721728,120752,070741,548786,526597,742471,919
Retained Profit748,746-533,894922,7391,397,587299,245164,065196,54752,1531,276,686639,936322,039611,584243,135240,171288,927
Employee Costs4,736,3864,748,88412,390,86311,366,36511,976,6758,226,9017,206,1046,606,4075,622,9165,039,5934,710,0624,117,4943,584,3933,419,8993,600,779
Number Of Employees232210225218209213223195173138133126119114102
EBITDA*1,028,458-141,206772,069509,688722,8691,780,9011,620,6271,424,3182,075,1021,781,6721,393,7911,815,0481,599,2911,340,7991,131,845

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Mar 2022Mar 2021Mar 2020Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Tangible Assets031,857725,387490,145214,61675,79690,01592,15397,608137,124165,114115,078217,264324,106219,625
Intangible Assets2,477,482507,9262,436,8401,616,4571,744,551701,609282,61000000000
Investments & Other3,290,7461,330,48300146,956671,929645,712631,641531,967136,8241,500500500500500
Debtors (Due After 1 year)000000000250,000250,000250,000250,000250,000125,000
Total Fixed Assets5,768,2281,870,2663,162,2272,106,6022,106,1231,449,3341,018,337723,794629,575523,948416,614365,578467,764574,606345,125
Stock & work in progress000000000000000
Trade Debtors154,569310,7623,346,8743,296,3523,659,4853,151,5552,609,4952,519,0922,838,8982,661,6832,104,5581,881,6901,495,3461,630,0472,188,427
Group Debtors7,371,2534,200,769458,8251,312,566458,7201,691,7411,816,4292,173,1261,422,309765,7321,525,7321,527,335371,533240,39884,981
Misc Debtors953,781305,4953,048,6093,237,8823,147,895457,338394,670447,510360,286322,686153,388284,440153,000248,680202,406
Cash3,408,3743,826,7012,481,1381,263,2632,810,2193,972,9233,426,6112,504,1912,817,1852,222,295828,733775,2631,339,4641,043,7171,308,954
misc current assets0000000275,066255,329200,000200,000200,000200,00000
total current assets11,887,9778,643,7279,335,4469,110,06310,076,3199,273,5578,247,2057,918,9857,694,0076,172,3964,812,4114,668,7283,559,3433,162,8423,784,768
total assets17,656,20510,513,99312,497,67311,216,66512,182,44210,722,8919,265,5428,642,7798,323,5826,696,3445,229,0255,034,3064,027,1073,737,4484,129,893
Bank overdraft00030,000000190,2610000000
Bank loan0000301,755299,936188,99800000000
Trade Creditors 3,763,6403,631,5994,263,3023,868,6294,043,1522,671,4412,530,9652,053,8162,205,8402,209,1971,863,4301,673,9751,533,7021,675,1342,266,271
Group/Directors Accounts4,703,454200,000218,400276,34000000202,669330,203181,341221,122215,57914,644
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities3,159,0021,970,0663,578,3842,167,1433,499,5072,798,9921,808,5081,673,2832,030,6581,485,146985,6451,451,2821,156,159961,1921,205,400
total current liabilities11,626,0965,801,6658,060,0866,342,1127,844,4145,770,3694,528,4713,917,3604,236,4983,897,0123,179,2783,306,5982,910,9832,851,9053,486,315
loans000050,000426,239412,353582,2350000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities00353,096341,646037,500000000000
provisions557,96500000015,01311,066000012,55410,760
total long term liabilities557,9650353,096341,64650,000463,739412,353597,24811,066000012,55410,760
total liabilities12,184,0615,801,6658,413,1826,683,7587,894,4146,234,1084,940,8244,514,6084,247,5643,897,0123,179,2783,306,5982,910,9832,864,4593,497,075
net assets5,472,1444,712,3284,084,4914,532,9074,288,0284,488,7834,324,7184,128,1714,076,0182,799,3322,049,7471,727,7081,116,124872,989632,818
total shareholders funds5,472,1444,712,3284,084,4914,532,9074,288,0284,488,7834,324,7184,128,1714,076,0182,799,3322,049,7471,727,7081,116,124872,989632,818
Dec 2023Dec 2022Mar 2022Mar 2021Mar 2020Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Operating Activities
Operating Profit778,262-230,297-430,803-386,446-290,6771,539,8701,485,3031,347,6972,004,8151,695,5711,301,3581,592,3471,406,4761,173,3361,034,804
Depreciation31,8575,202310,117124,987109,63747,96659,08976,62170,28786,10192,433156,201192,815167,46397,041
Amortisation218,33983,889892,755771,147903,909193,06576,235000066,500000
Tax-34,361-267,067-530,168-309,730-245,687-376,396-341,563-256,918-289,778-380,463-323,654-253,737-387,263-349,783-299,398
Stock000000000000000
Debtors3,662,577-3,029,774-992,492580,7007,266,100480,040-319,134518,235621,392-33,57790,2131,673,586-99,246-231,6892,600,814
Creditors132,041-237,030394,673-174,5234,043,152140,476477,149-152,024-3,357345,767189,455140,273-141,432-591,1372,266,271
Accruals and Deferred Income1,188,936-197,0771,411,241-1,332,3643,499,507990,484135,225-357,375545,512499,501-465,637295,123194,967-244,2081,205,400
Deferred Taxes & Provisions557,96500000-15,0133,94711,066000-12,5541,79410,760
Cash flow from operations-789,5382,187,3943,040,307-1,887,629753,7412,055,4252,195,559143,7131,717,1532,280,054703,742323,1211,352,255389,1541,714,064
Investing Activities
capital expenditure-2,187,8951,477,728-2,258,497-1,043,5690-634,528-339,438-268,120-78,271-57,131-143,469-124,542-85,973-271,944-187,024
Change in Investments1,960,2631,330,4830-146,956146,95626,21714,07199,674395,143135,3241,000000500
cash flow from investments-4,148,158147,245-2,258,497-896,613-146,956-660,745-353,509-367,794-473,414-192,455-144,469-124,542-85,973-271,944-187,524
Financing Activities
Bank loans000-301,755301,755110,938188,99800000000
Group/Directors Accounts4,503,454-76,340-57,940276,3400000-202,669-127,534148,862-39,7815,543200,93514,644
Other Short Term Loans 000000000000000
Long term loans000-50,00050,00013,886-169,882582,2350000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities0-341,64611,450341,646037,500000000000
share issue11,070713,315-1,371,155-1,152,7083,988,7830000109,6490000343,891
interest4,84501,619,1712,093,7632,133,92426,44036,15447,82040,89838,42296,40514,52210,44814,36025,440
cash flow from financing4,519,369295,329201,5261,207,2866,474,462188,76455,270630,055-161,77120,537245,267-25,25915,991215,295383,975
cash and cash equivalents
cash-418,3272,563,4381,217,875-1,546,9562,810,219546,312922,420-312,994594,8901,393,56253,470-564,201295,747-265,2371,308,954
overdraft0-30,000-30,00030,00000-190,261190,2610000000
change in cash-418,3272,593,4381,247,875-1,576,9562,810,219546,3121,112,681-503,255594,8901,393,56253,470-564,201295,747-265,2371,308,954

hfis limited 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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Hfis Limited Competitor Analysis

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Perform a competitor analysis for hfis limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC3R area or any other competitors across 12 key performance metrics.

hfis limited Ownership

HFIS LIMITED Shareholders

brown & brown retail holdco (europe) limited 100%

hfis limited directors

Hfis Limited currently has 5 directors. The longest serving directors include Mr Edward Hooker (Sep 1996) and Mrs Teresa Dunne (Apr 2013).

officercountryagestartendrole
Mr Edward HookerEngland57 years Sep 1996- Director
Mrs Teresa DunneEngland61 years Apr 2013- Director
Mr Paul ShamplinaEngland53 years Feb 2021- Director
Mr Steven AnsonEngland48 years Jun 2022- Director
Mr Gerard BarrettUnited Kingdom52 years Oct 2024- Director

P&L

December 2023

turnover

5.7m

+22%

operating profit

778.3k

-438%

gross margin

77.2%

+3.84%

turnover

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

Balance Sheet

December 2023

net assets

5.5m

+0.16%

total assets

17.7m

+0.68%

cash

3.4m

-0.11%

net assets

Total assets minus all liabilities

hfis limited company details

company number

03252806

Type

Private limited with Share Capital

industry

65120 - Non-life insurance

incorporation date

September 1996

age

29

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

December 2023

previous names

hfis plc (February 2022)

hamilton fraser insurance solutions limited (April 2004)

accountant

-

auditor

-

address

7th floor, corn exchange, 55 mark lane, london, EC3R 7NE

Bank

CLOSE BROTHERS LTD

Legal Advisor

-

hfis 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 4 charges/mortgages relating to hfis limited. Currently there are 0 open charges and 4 have been satisfied in the past.

hfis limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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hfis limited Companies House Filings - See Documents

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