Pomanda estimates the enterprise value of HRS HEAT EXCHANGERS LIMITED at £950.3k based on a Turnover of £2.8m and 0.34x industry multiple (adjusted for size and gross margin).
hrs heat exchangers limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of HRS HEAT EXCHANGERS LIMITED at £0 based on an EBITDA of £-217.6k and a 3.25x industry multiple (adjusted for size and gross margin).
hrs heat exchangers limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of HRS HEAT EXCHANGERS LIMITED at £0 based on Net Assets of £-1.7m and 2.11x industry multiple (adjusted for liquidity).
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Hrs Heat Exchangers LimitedOverview
Hrs Heat Exchangers Limited is a live company located in watford, WD18 8AJ with a Companies House number of 03315082. It operates in the wholesale of other intermediate products sector, SIC Code 46760. Founded in February 1997, it's largest shareholder is
hrs investments limited
with a 100% stake. Hrs Heat Exchangers Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£2.8m with
low
growth in recent years.
Pomanda's financial health check has awarded Hrs Heat Exchangers Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
0 Strong
3 Regular
8 Weak
Size
annual sales of £2.8m, make it smaller than the average company (£18.3m)
£2.8m - Hrs Heat Exchangers Limited
£18.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (8%)
0% - Hrs Heat Exchangers Limited
8% - Industry AVG
Production
with a gross margin of 25%, this company has a comparable cost of product (25%)
25% - Hrs Heat Exchangers Limited
25% - Industry AVG
Profitability
an operating margin of -8.2% make it less profitable than the average company (6.2%)
-8.2% - Hrs Heat Exchangers Limited
6.2% - Industry AVG
Employees
with 10 employees, this is below the industry average (37)
10 - Hrs Heat Exchangers Limited
37 - Industry AVG
Pay Structure
on an average salary of £46.1k, the company has an equivalent pay structure (£46.1k)
£46.1k - Hrs Heat Exchangers Limited
£46.1k - Industry AVG
Efficiency
resulting in sales per employee of £281.9k, this is less efficient (£423.7k)
£281.9k - Hrs Heat Exchangers Limited
£423.7k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is near the average (54 days)
55 days - Hrs Heat Exchangers Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 20 days, this is quicker than average (27 days)
20 days - Hrs Heat Exchangers Limited
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hrs Heat Exchangers Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 2 weeks, this is less cash available to meet short term requirements (12 weeks)
2 weeks - Hrs Heat Exchangers Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 351.6%, this is a higher level of debt than the average (48.6%)
351.6% - Hrs Heat Exchangers Limited
48.6% - Industry AVG
HRS HEAT EXCHANGERS LIMITED financials
EXPORT
Hrs Heat Exchangers Limited's latest turnover from December 2023 is estimated at £2.8 million and the company has net assets of -£1.7 million. According to their latest financial statements, Hrs Heat Exchangers Limited has 10 employees and maintains cash reserves of £90.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
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
2,818,929
3,008,926
1,800,813
2,813,128
2,833,331
2,109,186
2,851,462
3,359,420
2,832,393
3,225,811
12,501,158
8,190,490
5,247,117
1,067,785
964,272
Other Income Or Grants
Cost Of Sales
2,112,995
2,285,994
1,370,317
2,161,673
2,179,970
1,622,306
2,197,232
2,563,366
2,153,206
2,445,708
9,388,753
6,151,110
3,953,337
663,112
601,327
Gross Profit
705,934
722,932
430,496
651,455
653,361
486,880
654,230
796,054
679,188
780,102
3,112,406
2,039,381
1,293,780
404,673
362,945
Admin Expenses
935,855
798,993
2,484,697
684,988
410,484
481,638
868,723
803,294
623,447
432,824
3,062,563
1,601,588
1,091,714
380,275
356,977
Operating Profit
-229,921
-76,061
-2,054,201
-33,533
242,877
5,242
-214,493
-7,240
55,741
347,278
49,843
437,793
202,066
24,398
5,968
Interest Payable
18,318
30,601
22,998
29,465
43,482
41,247
43,696
24,495
5,335
5,634
Interest Receivable
6,373
2,966
268
297
1,502
461
1,520
1,016
2,408
3,047
2,831
2,718
1,648
Pre-Tax Profit
-223,548
-73,095
-2,072,251
-63,837
221,381
-23,763
-256,455
-47,471
14,453
325,830
52,674
440,511
203,714
19,063
334
Tax
-42,062
-2,890
-68,424
-12,115
-105,723
-52,966
Profit After Tax
-223,548
-73,095
-2,072,251
-63,837
179,319
-23,763
-256,455
-47,471
11,562
257,406
40,559
334,788
150,748
19,063
334
Dividends Paid
Retained Profit
-223,548
-73,095
-2,072,251
-63,837
179,319
-23,763
-256,455
-47,471
11,562
257,406
40,559
334,788
150,748
19,063
334
Employee Costs
460,832
500,216
485,554
380,459
376,675
412,611
357,414
343,593
307,748
348,266
1,339,349
908,845
579,369
180,383
163,726
Number Of Employees
10
11
11
9
9
10
9
9
8
9
36
25
16
4
EBITDA*
-217,552
-58,050
-2,036,740
-22,903
251,975
14,161
-207,077
5,551
61,153
352,635
56,994
443,652
205,325
27,891
11,224
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
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
41,008
66,621
64,071
28,103
21,668
23,071
13,823
19,658
24,950
25,289
29,158
25,700
17,381
18,116
21,034
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
41,008
66,621
64,071
28,103
21,668
23,071
13,823
19,658
24,950
25,289
29,158
25,700
17,381
18,116
21,034
Stock & work in progress
14,506
114,376
161,842
193,626
155,892
100,599
194,435
116,387
114,085
90,890
120,371
54,863
57,034
Trade Debtors
431,053
477,677
203,741
604,169
668,313
395,418
849,023
1,146,942
885,415
1,118,109
2,566,171
1,679,681
941,221
215,018
293,100
Group Debtors
2,250
68,820
2,912,177
2,170,572
1,903,634
1,142,290
1,287,605
1,473,000
1,461,454
241,506
82,654
Misc Debtors
112,711
248,413
265,561
198,560
112,300
70,380
97,637
51,120
152,392
236,718
8,149
12,442
Cash
90,112
152,686
16,783
197,223
396,845
3,810
119,023
488,798
323,900
639,365
579,581
553,000
534,197
124,823
124,268
misc current assets
total current assets
636,126
947,596
500,591
4,026,505
3,509,872
2,566,868
2,363,865
3,075,064
3,029,142
3,572,033
3,259,837
2,323,571
1,595,789
644,359
569,498
total assets
677,134
1,014,217
564,662
4,054,608
3,531,540
2,589,939
2,377,688
3,094,722
3,054,092
3,597,322
3,288,995
2,349,271
1,613,170
662,475
590,532
Bank overdraft
186,171
417,156
264,257
608,793
729,109
590,801
753,703
245,780
Bank loan
26,667
Trade Creditors
118,819
150,590
196,062
295,153
224,234
128,101
113,921
100,475
107,057
79,608
2,680,764
1,781,599
1,380,286
580,339
191,751
Group/Directors Accounts
1,943,690
1,600,804
1,590,346
2,211,973
1,847,104
1,384,892
787,940
873,761
837,405
1,196,038
other short term finances
hp & lease commitments
other current liabilities
268,527
472,464
185,513
296,319
314,217
263,179
293,761
561,649
641,630
702,336
89,928
total current liabilities
2,331,036
2,223,858
1,971,921
3,016,283
2,802,711
2,040,429
1,804,415
2,264,994
2,176,893
2,731,685
2,680,764
1,781,599
1,380,286
580,339
527,459
loans
373,333
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
50,000
270,713
total long term liabilities
50,000
270,713
373,333
total liabilities
2,381,036
2,494,571
1,971,921
3,389,616
2,802,711
2,040,429
1,804,415
2,264,994
2,176,893
2,731,685
2,680,764
1,781,599
1,380,286
580,339
527,459
net assets
-1,703,902
-1,480,354
-1,407,259
664,992
728,829
549,510
573,273
829,728
877,199
865,637
608,231
567,672
232,884
82,136
63,073
total shareholders funds
-1,703,902
-1,480,354
-1,407,259
664,992
728,829
549,510
573,273
829,728
877,199
865,637
608,231
567,672
232,884
82,136
63,073
Dec 2023
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
-229,921
-76,061
-2,054,201
-33,533
242,877
5,242
-214,493
-7,240
55,741
347,278
49,843
437,793
202,066
24,398
5,968
Depreciation
12,369
18,011
17,461
10,630
9,098
8,919
7,416
12,791
5,412
5,357
7,151
5,859
3,259
3,493
5,256
Amortisation
Tax
-42,062
-2,890
-68,424
-12,115
-105,723
-52,966
Stock
-14,506
-99,870
-47,466
-31,784
37,734
55,293
-93,836
78,048
2,302
23,195
-29,481
65,508
-2,171
57,034
Debtors
-248,896
325,608
-3,245,604
763,721
581,753
280,482
-396,717
-25,140
-305,474
250,110
886,490
738,460
476,548
76,477
388,196
Creditors
-31,771
-45,472
-99,091
70,919
96,133
14,180
13,446
-6,582
27,449
-2,601,156
899,165
401,313
799,947
388,588
191,751
Accruals and Deferred Income
-203,937
286,951
-110,806
-17,898
51,038
-30,582
-267,888
-79,981
-60,706
702,336
-89,928
89,928
Deferred Taxes & Provisions
-220,713
270,713
Cash flow from operations
-425,077
143,040
1,098,837
-686,137
-192,885
-320,457
-120,095
37,964
252,432
-1,867,021
34,359
30,263
410,250
252,245
-152,327
Investing Activities
capital expenditure
13,244
-20,561
-53,429
-17,065
-7,695
-18,167
-1,581
-7,499
-5,073
-1,488
-10,609
-14,178
-2,524
-575
-26,290
Change in Investments
cash flow from investments
13,244
-20,561
-53,429
-17,065
-7,695
-18,167
-1,581
-7,499
-5,073
-1,488
-10,609
-14,178
-2,524
-575
-26,290
Financing Activities
Bank loans
-26,667
26,667
Group/Directors Accounts
342,886
10,458
-621,627
364,869
462,212
596,952
-85,821
36,356
-358,633
1,196,038
Other Short Term Loans
Long term loans
-373,333
373,333
Hire Purchase and Lease Commitments
other long term liabilities
share issue
62,739
interest
6,373
2,966
-18,050
-30,304
-21,496
-29,004
-41,962
-40,231
-41,288
-21,448
2,831
2,718
1,648
-5,335
-5,634
cash flow from financing
349,259
13,424
-1,039,677
734,565
440,716
567,948
-127,783
-3,875
-399,921
1,174,590
2,831
2,718
1,648
-5,335
57,105
cash and cash equivalents
cash
-62,574
135,903
-180,440
-199,622
393,035
-115,213
-369,775
164,898
-315,465
59,784
26,581
18,803
409,374
555
124,268
overdraft
-186,171
-230,985
152,899
-344,536
-120,316
138,308
-162,902
753,703
-245,780
245,780
change in cash
-62,574
135,903
5,731
31,363
240,136
229,323
-249,459
26,590
-152,563
-693,919
26,581
18,803
409,374
246,335
-121,512
hrs heat exchangers limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for hrs heat exchangers limited. Get real-time insights into hrs heat exchangers limited's credit score, group structure and payment trends.
Perform a competitor analysis for hrs heat exchangers limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in WD18 area or any other competitors across 12 key performance metrics.
hrs heat exchangers limited Ownership
HRS HEAT EXCHANGERS LIMITED group structure
Hrs Heat Exchangers Limited has no subsidiary companies.
The sole shareholder of Hrs Heat Exchangers Limited is Hrs Investments Limited.
hrs investments limited
100%
hrs heat exchangers limited directors
Hrs Heat Exchangers Limited currently has 3 directors.
The longest serving directors include
Mr David Williamson (Jul 2021) and
Mr John Thomas (Jul 2021).
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 6 charges/mortgages relating to hrs heat exchangers limited. Currently there are 2 open charges and 4 have been satisfied in the past.
hrs heat exchangers 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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hrs heat exchangers limitedCompanies House Filings - See Documents
