hipkin holdings limited Company Information
Company Number
03301381
Website
fwhipkin.co.ukRegistered Address
acorn house coppen road off, selinas lane chadwell heath, dagenham, essex, RM8 1NU
Industry
Activities of head offices
Telephone
02089841000
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
frank dulson lafford 53.3%
philosophers limited 44.4%
View Allhipkin holdings limited Estimated Valuation
Pomanda estimates the enterprise value of HIPKIN HOLDINGS LIMITED at £24.4m based on a Turnover of £25.1m and 0.97x industry multiple (adjusted for size and gross margin).
hipkin holdings limited Estimated Valuation
Pomanda estimates the enterprise value of HIPKIN HOLDINGS LIMITED at £12.9m based on an EBITDA of £1.9m and a 6.7x industry multiple (adjusted for size and gross margin).
hipkin holdings limited Estimated Valuation
Pomanda estimates the enterprise value of HIPKIN HOLDINGS LIMITED at £4.3m based on Net Assets of £5.6m and 0.77x industry multiple (adjusted for liquidity).
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Hipkin Holdings Limited Overview
Hipkin Holdings Limited is a live company located in dagenham, RM8 1NU with a Companies House number of 03301381. It operates in the activities of head offices sector, SIC Code 70100. Founded in January 1997, it's largest shareholder is frank dulson lafford with a 53.3% stake. Hipkin Holdings Limited is a mature, large sized company, Pomanda has estimated its turnover at £25.1m with healthy growth in recent years.
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Hipkin Holdings Limited Health Check
Pomanda's financial health check has awarded Hipkin Holdings Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
![Health Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
4 Strong
![positive_score](/assets/images/scoreRate1.png)
2 Regular
![positive_score](/assets/images/scoreRate0.png)
6 Weak
![size](/assets/images/scoreRate2.png)
Size
annual sales of £25.1m, make it larger than the average company (£20.1m)
£25.1m - Hipkin Holdings Limited
£20.1m - Industry AVG
![growth](/assets/images/scoreRate2.png)
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (3%)
14% - Hipkin Holdings Limited
3% - Industry AVG
![production](/assets/images/scoreRate0.png)
Production
with a gross margin of 25.8%, this company has a higher cost of product (33.2%)
25.8% - Hipkin Holdings Limited
33.2% - Industry AVG
![profitability](/assets/images/scoreRate2.png)
Profitability
an operating margin of 7.5% make it more profitable than the average company (6%)
7.5% - Hipkin Holdings Limited
6% - Industry AVG
![employees](/assets/images/scoreRate0.png)
Employees
with 61 employees, this is below the industry average (118)
61 - Hipkin Holdings Limited
118 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £41.5k, the company has an equivalent pay structure (£45.7k)
£41.5k - Hipkin Holdings Limited
£45.7k - Industry AVG
![efficiency](/assets/images/scoreRate2.png)
Efficiency
resulting in sales per employee of £411.1k, this is more efficient (£186.9k)
£411.1k - Hipkin Holdings Limited
£186.9k - Industry AVG
![debtordays](/assets/images/scoreRate0.png)
Debtor Days
it gets paid by customers after 59 days, this is later than average (47 days)
59 days - Hipkin Holdings Limited
47 days - Industry AVG
![creditordays](/assets/images/scoreRate0.png)
Creditor Days
its suppliers are paid after 38 days, this is quicker than average (45 days)
38 days - Hipkin Holdings Limited
45 days - Industry AVG
![stockdays](/assets/images/scoreRate0.png)
Stock Days
it holds stock equivalent to 64 days, this is more than average (50 days)
64 days - Hipkin Holdings Limited
50 days - Industry AVG
![cashbalance](/assets/images/scoreRate0.png)
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Hipkin Holdings Limited
15 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate1.png)
Debt Level
it has a ratio of liabilities to total assets of 55.8%, this is a similar level of debt than the average (57.3%)
55.8% - Hipkin Holdings Limited
57.3% - Industry AVG
HIPKIN HOLDINGS LIMITED financials
![ms excel logo](/assets/images/ms_excel_logo.png)
Hipkin Holdings Limited's latest turnover from December 2022 is £25.1 million and the company has net assets of £5.6 million. According to their latest financial statements, Hipkin Holdings Limited has 61 employees and maintains cash reserves of £92.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
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 | 25,076,002 | 21,718,177 | 16,971,084 | 16,979,698 | 16,232,734 | 15,670,228 | 15,221,394 | 14,930,371 | 13,319,313 | 11,514,042 | 8,606,948 | |||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
Cost Of Sales | 18,611,316 | 16,420,462 | 12,847,118 | 12,780,850 | 12,331,379 | 11,723,994 | 11,497,422 | 11,153,344 | 9,800,263 | 8,506,112 | 6,225,657 | |||
Gross Profit | 6,464,686 | 5,297,715 | 4,123,966 | 4,198,848 | 3,901,355 | 3,946,234 | 3,723,972 | 3,777,027 | 3,519,050 | 3,007,930 | 2,381,291 | |||
Admin Expenses | 4,585,033 | 3,751,286 | 3,261,865 | 3,171,237 | 3,154,247 | 3,232,145 | 3,020,659 | 2,770,781 | 2,731,926 | 2,373,369 | 1,837,637 | |||
Operating Profit | 1,879,653 | 1,546,429 | 862,101 | 1,027,611 | 747,108 | 714,089 | 703,313 | 1,006,246 | 787,124 | 634,561 | 543,654 | |||
Interest Payable | 100,171 | 63,791 | 53,263 | 82,588 | 79,736 | 80,652 | 82,163 | 88,071 | 80,160 | 55,925 | 42,693 | |||
Interest Receivable | 351 | 0 | 0 | 0 | 0 | 0 | 5 | 5 | 0 | 0 | 0 | |||
Pre-Tax Profit | 1,779,833 | 1,482,638 | 808,838 | 945,023 | 667,372 | 633,437 | 621,155 | 918,180 | 706,964 | 578,636 | 500,961 | |||
Tax | -361,670 | -288,561 | -162,047 | -191,308 | -134,001 | -132,174 | -139,867 | -197,868 | -162,473 | -141,838 | -122,192 | |||
Profit After Tax | 1,418,163 | 1,194,077 | 646,791 | 753,715 | 533,371 | 501,263 | 481,288 | 720,312 | 544,491 | 436,798 | 378,769 | |||
Dividends Paid | 878,022 | 628,049 | 451,473 | 496,656 | 462,416 | 378,437 | 436,494 | 436,726 | 369,101 | 343,415 | 362,474 | |||
Retained Profit | 540,141 | 566,028 | 195,318 | 257,059 | 70,955 | 122,826 | 44,794 | 283,586 | 175,390 | 93,383 | 16,295 | |||
Employee Costs | 2,530,206 | 2,078,855 | 1,919,383 | 1,812,438 | 1,635,063 | 1,556,180 | 1,508,928 | 1,474,344 | 1,447,606 | 1,225,296 | 933,585 | |||
Number Of Employees | 61 | 56 | 53 | 51 | 49 | 48 | 50 | 47 | 47 | 44 | 39 | |||
EBITDA* | 1,933,248 | 1,590,231 | 904,055 | 1,069,266 | 787,396 | 753,933 | 751,262 | 1,017,323 | 867,166 | 720,485 | 543,654 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
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 | 4,663,058 | 3,657,503 | 3,599,829 | 3,595,352 | 3,586,616 | 3,586,087 | 3,594,488 | 3,440,546 | 1,636,125 | 953,193 | 952,017 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 950,645 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 4,663,058 | 3,657,503 | 3,599,829 | 3,595,352 | 3,586,616 | 3,586,087 | 3,594,488 | 3,440,546 | 1,636,125 | 953,193 | 952,017 | 950,645 | 0 | 0 |
Stock & work in progress | 3,280,049 | 3,016,022 | 3,000,670 | 3,363,199 | 2,665,070 | 2,063,075 | 1,658,896 | 1,754,310 | 1,578,897 | 1,201,267 | 983,085 | 0 | 0 | 0 |
Trade Debtors | 4,074,394 | 3,405,078 | 3,114,390 | 2,846,016 | 2,553,462 | 2,452,510 | 2,347,985 | 2,104,493 | 2,020,575 | 1,928,969 | 1,429,023 | 0 | 0 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 651,833 | 761,056 | 921,463 | 1,138,332 | 798,016 | 1,301,088 | 1,249,730 | 951,637 | 898,576 | 823,793 | 305,089 | 0 | 0 | 0 |
Cash | 92,114 | 25,105 | 56,953 | 8,355 | 10,345 | 472 | 45,929 | 54,163 | 37,105 | 28,225 | 174 | 100 | 0 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 8,098,390 | 7,207,261 | 7,093,476 | 7,355,902 | 6,026,893 | 5,817,145 | 5,302,540 | 4,864,603 | 4,535,153 | 3,982,254 | 2,717,371 | 100 | 0 | 0 |
total assets | 12,761,448 | 10,864,764 | 10,693,305 | 10,951,254 | 9,613,509 | 9,403,232 | 8,897,028 | 8,305,149 | 6,171,278 | 4,935,447 | 3,669,388 | 950,745 | 0 | 0 |
Bank overdraft | 2,387,154 | 2,554,664 | 2,238,981 | 2,695,763 | 2,472,362 | 105,661 | 106,862 | 1,606,259 | 1,845,091 | 1,388,599 | 487,867 | 0 | 0 | 0 |
Bank loan | 252,321 | 280,877 | 236,470 | 281,057 | 124,205 | 1,922,894 | 1,658,727 | 0 | 0 | 52,007 | 50,655 | 0 | 0 | 0 |
Trade Creditors | 1,952,048 | 1,382,631 | 2,036,758 | 2,973,906 | 1,946,526 | 2,296,531 | 1,914,098 | 1,548,138 | 1,710,264 | 1,579,036 | 905,094 | 842,832 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300,835 | 602,836 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 13,461 | 12,485 | 0 | 0 | 0 | 0 | 0 | 10,408 | 0 | 64,227 | 54,663 | 0 | 0 | 0 |
other current liabilities | 1,216,248 | 999,254 | 877,952 | 390,601 | 442,646 | 398,701 | 565,912 | 646,310 | 435,151 | 213,170 | 266,166 | 0 | 0 | 0 |
total current liabilities | 5,821,232 | 5,229,911 | 5,390,161 | 6,341,327 | 4,985,739 | 4,723,787 | 4,245,599 | 3,811,115 | 3,990,506 | 3,597,874 | 2,367,281 | 842,832 | 0 | 0 |
loans | 682,060 | 931,474 | 1,224,317 | 748,605 | 1,046,473 | 1,191,059 | 1,296,543 | 1,401,503 | 1,223,399 | 477,251 | 529,347 | 0 | 0 | 0 |
hp & lease commitments | 13,197 | 26,659 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 78,339 | 81,888 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 603,209 | 267,399 | 255,534 | 253,347 | 250,381 | 248,425 | 279,730 | 251,689 | 0 | 0 | 2,272 | 0 | 0 | 0 |
total long term liabilities | 1,298,466 | 1,225,532 | 1,479,851 | 1,001,952 | 1,296,854 | 1,439,484 | 1,576,273 | 1,653,192 | 1,223,399 | 555,590 | 613,507 | 0 | 0 | 0 |
total liabilities | 7,119,698 | 6,455,443 | 6,870,012 | 7,343,279 | 6,282,593 | 6,163,271 | 5,821,872 | 5,464,307 | 5,213,905 | 4,153,464 | 2,980,788 | 842,832 | 0 | 0 |
net assets | 5,641,750 | 4,409,321 | 3,823,293 | 3,607,975 | 3,330,916 | 3,239,961 | 3,075,156 | 2,840,842 | 957,373 | 781,983 | 688,600 | 107,913 | 0 | 0 |
total shareholders funds | 5,641,750 | 4,409,321 | 3,823,293 | 3,607,975 | 3,330,916 | 3,239,961 | 3,075,156 | 2,840,842 | 957,373 | 781,983 | 688,600 | 107,913 | 0 | 0 |
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 | 1,879,653 | 1,546,429 | 862,101 | 1,027,611 | 747,108 | 714,089 | 703,313 | 1,006,246 | 787,124 | 634,561 | 543,654 | |||
Depreciation | 53,595 | 43,802 | 41,954 | 41,655 | 40,288 | 39,844 | 47,949 | 11,077 | 80,042 | 85,924 | 0 | 0 | ||
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Tax | -361,670 | -288,561 | -162,047 | -191,308 | -134,001 | -132,174 | -139,867 | -197,868 | -162,473 | -141,838 | -122,192 | |||
Stock | 264,027 | 15,352 | -362,529 | 698,129 | 601,995 | 404,179 | -95,414 | 175,413 | 377,630 | 218,182 | 983,085 | 0 | 0 | 0 |
Debtors | 560,093 | 130,281 | 51,505 | 632,870 | -402,120 | 155,883 | 541,585 | 136,979 | 166,389 | 1,018,650 | 1,734,112 | 0 | 0 | 0 |
Creditors | 569,417 | -654,127 | -937,148 | 1,027,380 | -350,005 | 382,433 | 365,960 | -162,126 | 131,228 | 673,942 | 62,262 | 842,832 | 0 | 0 |
Accruals and Deferred Income | 216,994 | 121,302 | 487,351 | -52,045 | 43,945 | -167,211 | -80,398 | 211,159 | 221,981 | -52,996 | 266,166 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 335,810 | 11,865 | 2,187 | 2,966 | 1,956 | -31,305 | 28,041 | 251,689 | 0 | -2,272 | 2,272 | 0 | 0 | 0 |
Cash flow from operations | 1,869,679 | 635,077 | 605,422 | 525,260 | 149,416 | 245,614 | 478,827 | 807,785 | 513,883 | -39,511 | -1,965,035 | |||
Investing Activities | ||||||||||||||
capital expenditure | 0 | 0 | 0 | 0 | 1,000 | 4,500 | 26,480 | -34,071 | -779,115 | -19,264 | -20,323 | |||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -950,645 | 950,645 | 0 | 0 |
cash flow from investments | 0 | 0 | 0 | 0 | 1,000 | 4,500 | 26,480 | -34,071 | -779,115 | -19,264 | 930,322 | |||
Financing Activities | ||||||||||||||
Bank loans | -28,556 | 44,407 | -44,587 | 156,852 | -1,798,689 | 264,167 | 1,658,727 | 0 | -52,007 | 1,352 | 50,655 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -300,835 | -302,001 | 602,836 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -249,414 | -292,843 | 475,712 | -297,868 | -144,586 | -105,484 | -104,960 | 178,104 | 746,148 | -52,096 | 529,347 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | -12,486 | 39,144 | 0 | 0 | 0 | 0 | -10,408 | 10,408 | -142,566 | 6,015 | 136,551 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | -99,820 | -63,791 | -53,263 | -82,588 | -79,736 | -80,652 | -82,158 | -88,066 | -80,160 | -55,925 | -42,693 | |||
cash flow from financing | 302,012 | -253,083 | 397,862 | -203,604 | -2,003,011 | 120,010 | 1,650,721 | 1,700,329 | 170,580 | -402,655 | 1,841,088 | |||
cash and cash equivalents | ||||||||||||||
cash | 67,009 | -31,848 | 48,598 | -1,990 | 9,873 | -45,457 | -8,234 | 17,058 | 8,880 | 28,051 | 74 | 100 | 0 | 0 |
overdraft | -167,510 | 315,683 | -456,782 | 223,401 | 2,366,701 | -1,201 | -1,499,397 | -238,832 | 456,492 | 900,732 | 487,867 | 0 | 0 | 0 |
change in cash | 234,519 | -347,531 | 505,380 | -225,391 | -2,356,828 | -44,256 | 1,491,163 | 255,890 | -447,612 | -872,681 | -487,793 | 100 | 0 | 0 |
hipkin holdings limited Credit Report and Business Information
Hipkin Holdings Limited Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for hipkin holdings limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in RM8 area or any other competitors across 12 key performance metrics.
hipkin holdings limited Ownership
HIPKIN HOLDINGS LIMITED group structure
Hipkin Holdings Limited has 1 subsidiary company.
hipkin holdings limited directors
Hipkin Holdings Limited currently has 3 directors. The longest serving directors include Mr Simon Lafford-Walker (Sep 2014) and Mrs Rebecca Lafford-Walker (Feb 2015).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Simon Lafford-Walker | United Kingdom | 52 years | Sep 2014 | - | Director |
Mrs Rebecca Lafford-Walker | United Kingdom | 52 years | Feb 2015 | - | Director |
Mrs Rebecca Lafford-Walker | 52 years | Feb 2015 | - | Director |
P&L
December 2022turnover
25.1m
+15%
operating profit
1.9m
+22%
gross margin
25.8%
+5.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.6m
+0.28%
total assets
12.8m
+0.17%
cash
92.1k
+2.67%
net assets
Total assets minus all liabilities
hipkin holdings limited company details
company number
03301381
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
January 1997
age
27
incorporated
UK
accounts
Group
ultimate parent company
previous names
b.l.x. ltd. (February 1997)
last accounts submitted
December 2022
address
acorn house coppen road off, selinas lane chadwell heath, dagenham, essex, RM8 1NU
accountant
-
auditor
LANDMARK AUDIT LIMITED
hipkin holdings 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 did not find charges/mortgages relating to hipkin holdings limited.
![charges](/assets/images/company_charges.png)
hipkin holdings limited Companies House Filings - See Documents
date | description | view/download |
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