t. houghton limited

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t. houghton limited Company Information

Share T. HOUGHTON LIMITED

Company Number

03321597

Shareholders

anthony robert houghton

kelly houghton

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Group Structure

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Industry

Plumbing, heat and air-conditioning installation

 

Registered Address

unit 4 abbissgate, sutterton enterprise park, boston, PE20 2JA

t. houghton limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of T. HOUGHTON LIMITED at £1.2m based on a Turnover of £2.8m and 0.44x industry multiple (adjusted for size and gross margin).

t. houghton limited Estimated Valuation

£62k

Pomanda estimates the enterprise value of T. HOUGHTON LIMITED at £62k based on an EBITDA of £16.7k and a 3.71x industry multiple (adjusted for size and gross margin).

t. houghton limited Estimated Valuation

£885k

Pomanda estimates the enterprise value of T. HOUGHTON LIMITED at £885k based on Net Assets of £313.2k and 2.83x industry multiple (adjusted for liquidity).

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T. Houghton Limited Overview

T. Houghton Limited is a live company located in boston, PE20 2JA with a Companies House number of 03321597. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in February 1997, it's largest shareholder is anthony robert houghton with a 80% stake. T. Houghton Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.8m with healthy growth in recent years.

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T. Houghton Limited Health Check

Pomanda's financial health check has awarded T. Houghton Limited a 3 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
Health Rating3out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £2.8m, make it larger than the average company (£319.6k)

£2.8m - T. Houghton Limited

£319.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a similar rate (12.6%)

13% - T. Houghton Limited

12.6% - Industry AVG

production

Production

with a gross margin of 18.1%, this company has a higher cost of product (31.1%)

18.1% - T. Houghton Limited

31.1% - Industry AVG

profitability

Profitability

an operating margin of 0% make it less profitable than the average company (6.2%)

0% - T. Houghton Limited

6.2% - Industry AVG

employees

Employees

with 20 employees, this is above the industry average (3)

20 - T. Houghton Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.7k, the company has an equivalent pay structure (£32.7k)

£32.7k - T. Houghton Limited

£32.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £140.1k, this is more efficient (£115k)

£140.1k - T. Houghton Limited

£115k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 105 days, this is later than average (49 days)

105 days - T. Houghton Limited

49 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 123 days, this is slower than average (46 days)

123 days - T. Houghton Limited

46 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 44 days, this is more than average (12 days)

44 days - T. Houghton Limited

12 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (20 weeks)

2 weeks - T. Houghton Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 74.3%, this is a higher level of debt than the average (64.6%)

74.3% - T. Houghton Limited

64.6% - Industry AVG

T. HOUGHTON LIMITED financials

EXPORTms excel logo

T. Houghton Limited's latest turnover from April 2024 is estimated at £2.8 million and the company has net assets of £313.2 thousand. According to their latest financial statements, T. Houghton Limited has 20 employees and maintains cash reserves of £36.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Mar 2010
Turnover2,802,5512,886,7122,407,0711,928,8571,949,7021,669,0971,962,8562,088,9322,086,8382,095,3162,147,9252,558,2292,821,2941,733,2691,721,992
Other Income Or Grants
Cost Of Sales2,295,7812,385,4971,973,1521,606,5191,583,9761,351,4441,560,8771,639,3671,663,3641,631,6311,681,0851,970,0262,150,5881,282,4091,246,063
Gross Profit506,770501,215433,919322,339365,726317,652401,979449,566423,475463,685466,840588,203670,706450,859475,929
Admin Expenses508,084500,329400,540291,255277,941284,562355,138396,983397,881434,781434,234580,782667,216441,649448,360
Operating Profit-1,31488633,37931,08487,78533,09046,84152,58325,59428,90432,6067,4213,4909,21027,569
Interest Payable8,58514,1805,595
Interest Receivable1,627644221336
Pre-Tax Profit3131,53133,60031,11787,79133,09046,84152,58325,59428,90432,6067,421-5,095-4,97021,974
Tax-78-383-6,384-5,912-16,680-6,287-8,900-9,991-5,119-5,781-6,847-1,707-6,153
Profit After Tax2351,14827,21625,20571,11126,80337,94142,59220,47523,12325,7595,714-5,095-4,97015,821
Dividends Paid
Retained Profit2351,14827,21625,20571,11126,80337,94142,59220,47523,12325,7595,714-5,095-4,97015,821
Employee Costs654,007601,555545,874487,478503,811454,855343,496365,027319,489279,025317,845382,693452,977333,652324,326
Number Of Employees201916151513101198911131010
EBITDA*16,72112,63944,42242,56097,06639,95753,91960,37430,51932,39034,31810,8817,94815,09035,332

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Mar 2010
Tangible Assets91,94770,88255,29252,28643,70535,37832,25039,32822,44115,9109,70411,41614,87619,33425,214
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets91,94770,88255,29252,28643,70535,37832,25039,32822,44115,9109,70411,41614,87619,33425,214
Stock & work in progress276,882191,989185,489201,489221,156241,656246,682247,437259,682262,482276,665282,215288,715145,815115,059
Trade Debtors812,842947,062868,365650,088557,655454,234472,819477,605447,362438,233436,918519,381625,803477,133452,978
Group Debtors
Misc Debtors
Cash36,34125,6574,67054,23112,328
misc current assets
total current assets1,126,0651,164,7081,058,524905,808791,139695,890719,501725,042707,044700,715713,583801,596914,518622,948568,037
total assets1,218,0121,235,5901,113,816958,094834,844731,268751,751764,370729,485716,625723,287813,012929,394642,282593,251
Bank overdraft
Bank loan264,157172,165
Trade Creditors 775,919767,210725,380580,460547,493501,690530,191573,254577,541656,173685,958801,442923,538284,858388,721
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities82,31616,444
total current liabilities775,919767,210725,380580,460547,493501,690530,191573,254577,541656,173685,958801,442923,538631,331577,330
loans
hp & lease commitments128,915155,437
Accruals and Deferred Income
other liabilities76,64193,05527,97741,31560,10067,59771,017
provisions
total long term liabilities128,915155,43776,64193,05527,97741,31560,10067,59771,017
total liabilities904,834922,647802,021673,515575,470543,005590,291640,851648,558656,173685,958801,442923,538631,331577,330
net assets313,178312,943311,795284,579259,374188,263161,460123,51980,92760,45237,32911,5705,85610,95115,921
total shareholders funds313,178312,943311,795284,579259,374188,263161,460123,51980,92760,45237,32911,5705,85610,95115,921
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Mar 2010
Operating Activities
Operating Profit-1,31488633,37931,08487,78533,09046,84152,58325,59428,90432,6067,4213,4909,21027,569
Depreciation18,03511,75311,04311,4769,2816,8677,0787,7914,9253,4861,7123,4604,4585,8807,763
Amortisation
Tax-78-383-6,384-5,912-16,680-6,287-8,900-9,991-5,119-5,781-6,847-1,707-6,153
Stock84,8936,500-16,000-19,667-20,500-5,026-755-12,245-2,800-14,183-5,550-6,500142,90030,756115,059
Debtors-134,22078,697218,27792,433103,421-18,585-4,78630,2439,1291,315-82,463-106,422148,67024,155452,978
Creditors8,70941,830144,92032,96745,803-28,501-43,063-4,287-78,632-29,785-115,484-122,096638,680-103,863388,721
Accruals and Deferred Income-82,31665,87216,444
Deferred Taxes & Provisions
Cash flow from operations74,679-31,111-19,319-3,15143,26828,7807,49728,098-59,5619,692272,742-77,812-133,693
Investing Activities
capital expenditure-39,100-27,343-14,049-20,057-17,608-9,995-24,678-11,456-9,692-32,977
Change in Investments
cash flow from investments-39,100-27,343-14,049-20,057-17,608-9,995-24,678-11,456-9,692-32,977
Financing Activities
Bank loans-264,15791,992172,165
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-26,522155,437
other long term liabilities-76,641-16,41465,078-13,338-18,785-7,497-3,42071,017
share issue100
interest1,627644221336-8,585-14,180-5,595
cash flow from financing-24,89579,440-16,19365,111-13,332-18,785-7,497-3,42071,017-272,74277,812166,670
cash and cash equivalents
cash10,68420,987-49,56141,90312,328
overdraft
change in cash10,68420,987-49,56141,90312,328

t. houghton 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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T. Houghton Limited Competitor Analysis

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Perform a competitor analysis for t. houghton limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in PE20 area or any other competitors across 12 key performance metrics.

t. houghton limited Ownership

T. HOUGHTON LIMITED group structure

T. Houghton Limited has no subsidiary companies.

Ultimate parent company

T. HOUGHTON LIMITED

03321597

T. HOUGHTON LIMITED Shareholders

anthony robert houghton 80%
kelly houghton 10%
jane ann houghton 10%

t. houghton limited directors

T. Houghton Limited currently has 2 directors. The longest serving directors include Mr Anthony Houghton (Feb 1997) and Ms Jane Houghton (Apr 2005).

officercountryagestartendrole
Mr Anthony HoughtonEngland71 years Feb 1997- Director
Ms Jane Houghton71 years Apr 2005- Director

P&L

April 2024

turnover

2.8m

-3%

operating profit

-1.3k

0%

gross margin

18.1%

+4.14%

turnover

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

Balance Sheet

April 2024

net assets

313.2k

0%

total assets

1.2m

-0.01%

cash

36.3k

+0.42%

net assets

Total assets minus all liabilities

t. houghton limited company details

company number

03321597

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

February 1997

age

28

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

April 2024

previous names

N/A

accountant

-

auditor

-

address

unit 4 abbissgate, sutterton enterprise park, boston, PE20 2JA

Bank

-

Legal Advisor

-

t. houghton 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 2 charges/mortgages relating to t. houghton limited. Currently there are 1 open charges and 1 have been satisfied in the past.

t. houghton 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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t. houghton limited Companies House Filings - See Documents

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