Hipkin Holdings Limited

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hipkin holdings limited Company Information

Live

MatureLargeHealthy

Company Number

03301381

Website

fwhipkin.co.uk

Registered 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

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Directors

Simon Lafford-Walker9 Years

Rebecca Lafford-Walker9 Years

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Shareholders

frank dulson lafford 53.3%

philosophers limited 44.4%

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hipkin holdings limited Estimated Valuation

£24.4m

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).

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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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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 Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £25.1m, make it larger than the average company (£20.1m)

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (3%)

EXPORT

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
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	4,363,019
Other Income Or Grants	0	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	3,040,764
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	1,322,255
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	1,176,562
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	145,693
Interest Payable	100,171	63,791	53,263	82,588	79,736	80,652	82,163	88,071	80,160	55,925	42,693	0
Interest Receivable	351	0	0	0	0	0	5	5	0	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	145,693
Tax	-361,670	-288,561	-162,047	-191,308	-134,001	-132,174	-139,867	-197,868	-162,473	-141,838	-122,192	-37,880
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	107,813
Dividends Paid	878,022	628,049	451,473	496,656	462,416	378,437	436,494	436,726	369,101	343,415	362,474	0
Retained Profit	540,141	566,028	195,318	257,059	70,955	122,826	44,794	283,586	175,390	93,383	16,295	107,813
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	1,003,972
Number Of Employees	61	56	53	51	49	48	50	47	47	44	39	29
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	145,693

* 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
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
Intangible Assets	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
Debtors (Due After 1 year)	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
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
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
Group Debtors	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
Cash	92,114	25,105	56,953	8,355	10,345	472	45,929	54,163	37,105	28,225	174	100
misc current assets	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
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
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
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
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
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	300,835	602,836	0
other short term finances	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
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
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
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
hp & lease commitments	13,197	26,659	0	0	0	0	0	0	0	78,339	81,888	0
Accruals and Deferred Income	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
provisions	603,209	267,399	255,534	253,347	250,381	248,425	279,730	251,689	0	0	2,272	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
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
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
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

	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	145,693	0	0
Depreciation	53,595	43,802	41,954	41,655	40,288	39,844	47,949	11,077	80,042	85,924	0	0	0	0
Amortisation	0	0	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	-37,880	0	0
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	950,645	0	0
Investing Activities
capital expenditure	0	0	0	0	1,000	4,500	26,480	-34,071	-779,115	-19,264	-20,323	0	0	0
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	-950,645	0	0
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	692,288	20,000	20,000	20,000	20,000	41,979	189,520	1,599,883	0	0	564,392	100	0	0
interest	-99,820	-63,791	-53,263	-82,588	-79,736	-80,652	-82,158	-88,066	-80,160	-55,925	-42,693	0	0	0
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	100	0	0
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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HIPKIN HOLDINGS LIMITED group structure

Hipkin Holdings Limited has 1 subsidiary company.

Ultimate parent company

HIPKIN HOLDINGS LIMITED

03301381

1 subsidiary

F.W. HIPKIN LIMITED

00322577

HIPKIN HOLDINGS LIMITED Shareholders

frank dulson lafford	53.33%
philosophers limited	44.44%
simon lafford-walker	2.22%

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 2022

turnover

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 2022

net assets

5.6m

+0.28%

total assets

12.8m

+0.17%

cash

92.1k

+2.67%

net assets

Total assets minus all liabilities

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company number

03301381

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

January 1997

accounts

Group

ultimate parent company

None

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

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.

hipkin holdings limited Company Information

hipkin holdings limited Estimated Valuation

hipkin holdings limited Estimated Valuation

hipkin holdings limited Estimated Valuation

Hipkin Holdings Limited Overview

Hipkin Holdings Limited Health Check

HIPKIN HOLDINGS LIMITED financials

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hipkin holdings limited Ownership

hipkin holdings limited directors

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hipkin holdings limited Companies House Filings - See Documents