Howard Russell Construction Limited

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howard russell construction limited Company Information

Live (In Liquidation)

MatureLargeHigh

Company Number

03390492

Website

www.howardrussell.net

Registered Address

suite 5 2nd floor bulman house, regent centre, gosforth, NE3 3LS

Industry

Construction of commercial buildings

Telephone

01912502000

Next Accounts Due

290 days late

Group Structure

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Directors

David Varty27 Years

Craig Muldoon7 Years

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Shareholders

david varty 59.1%

ann varty 24.9%

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howard russell construction limited Estimated Valuation

£28.7m

Pomanda estimates the enterprise value of HOWARD RUSSELL CONSTRUCTION LIMITED at £28.7m based on a Turnover of £43.5m and 0.66x industry multiple (adjusted for size and gross margin).

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Howard Russell Construction Limited is a live company located in gosforth, NE3 3LS with a Companies House number of 03390492. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in June 1997, it's largest shareholder is david varty with a 59.1% stake. Howard Russell Construction Limited is a mature, large sized company, Pomanda has estimated its turnover at £43.5m with high growth in recent years.

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Pomanda's financial health check has awarded Howard Russell Construction 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 Rating3out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £43.5m, make it larger than the average company (£11.3m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (2.1%)

EXPORT

Howard Russell Construction Limited's latest turnover from March 2022 is £43.5 million and the company has net assets of £2.2 million. According to their latest financial statements, Howard Russell Construction Limited has 31 employees and maintains cash reserves of £4.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	43,548,736	12,469,781	22,482,423	24,388,014	22,988,347	13,314,139	10,174,974	9,719,622	5,807,525	3,440,386	9,208,818	4,297,995	4,734,579
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	40,064,218	10,529,610	20,889,197	23,104,515	20,991,633	11,718,027	8,686,691	8,310,834	4,978,068	2,958,527	7,850,433	3,592,112	3,966,279
Gross Profit	3,484,518	1,940,171	1,593,226	1,283,499	1,996,714	1,596,112	1,488,283	1,408,787	829,457	481,860	1,358,385	705,883	768,301
Admin Expenses	2,694,710	1,170,693	1,249,882	1,243,664	1,451,969	1,217,022	931,706	866,366	831,109	422,918	1,277,136	702,376	278,265
Operating Profit	789,808	769,478	343,344	39,835	544,745	379,090	556,577	542,421	-1,652	58,942	81,249	3,507	490,036
Interest Payable	365	438	73	0	0	811	0	0	0	0	1,258	1,258	0
Interest Receivable	739	2,125	16,319	8,629	3,181	3,008	8,627	6,362	2,793	2,399	1,923	1,804	996
Pre-Tax Profit	790,182	771,165	359,590	48,464	547,926	381,287	565,204	548,784	1,142	61,341	81,914	4,053	491,032
Tax	-149,034	-200,921	396,563	827,196	17,551	-92,290	-113,041	-115,245	-263	-14,722	-21,298	-1,135	-137,489
Profit After Tax	641,148	570,244	756,153	875,660	565,477	288,997	452,163	433,539	879	46,619	60,616	2,918	353,543
Dividends Paid	427,937	406,508	378,776	539,917	25,000	279,750	0	0	0	0	0	0	0
Retained Profit	213,211	163,736	377,377	335,743	540,477	9,247	452,163	433,539	879	46,619	60,616	2,918	353,543
Employee Costs	2,842,404	1,251,222	1,397,350	1,400,103	1,303,396	1,248,642	1,315,462	1,223,499	828,562	501,711	1,401,607	708,182	800,608
Number Of Employees	31	25	28	31	31	28	31	30	21	13	37	19	22
EBITDA*	868,267	859,347	437,304	132,048	623,280	463,276	617,274	687,240	35,951	103,973	127,136	35,043	522,137

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	384,798	387,479	438,870	439,624	475,045	483,307	418,943	461,224	583,186	553,022	563,929	516,260	541,617
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	233,360	233,360	0	0	0	0	0	0	400	400	400	400	400
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	618,158	620,839	438,870	439,624	475,045	483,307	418,943	461,224	583,586	553,422	564,329	516,660	542,017
Stock & work in progress	84,345	83,851	0	0	321,430	147,704	292,688	31,175	146,178	0	39,705	0	1,858
Trade Debtors	9,288,441	1,798,174	2,356,898	3,117,379	2,343,854	197,922	900,496	727,987	474,765	238,236	1,140,021	470,671	506,797
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	435,895	334,250	1,249,346	941,014	290,023	260,000	14,500	14,500	0	0	7,500	7,500	14,500
Cash	4,547,263	2,247,885	2,800,566	3,320,765	2,407,275	1,981,808	1,509,482	1,941,376	603,576	513,658	445,924	323,250	398,218
misc current assets	0	0	233,360	233,360	233,360	233,360	233,360	65,000	90,448	0	0	0	0
total current assets	14,355,944	4,464,160	6,640,170	7,612,518	5,595,942	2,820,794	2,950,526	2,780,038	1,314,967	751,894	1,633,150	801,421	921,373
total assets	14,974,102	5,084,999	7,079,040	8,052,142	6,070,987	3,304,101	3,369,469	3,241,262	1,898,553	1,305,316	2,197,479	1,318,081	1,463,390
Bank overdraft	2,397	10,017	11,543	0	250,470	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,411,194	1,565,846	2,858,862	4,498,813	3,898,885	1,076,161	1,917,192	2,232,801	1,224,413	650,492	1,587,104	664,054	774,398
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	5,125	6,588	0	0	0	0	0	0	0	0	0	0
other current liabilities	8,342,499	1,304,421	2,153,075	1,893,861	387,459	742,217	0	0	0	0	0	0	0
total current liabilities	12,756,090	2,885,409	5,030,068	6,392,674	4,536,814	1,818,378	1,917,192	2,232,801	1,224,413	650,492	1,587,104	664,054	774,398
loans	0	0	0	0	0	0	0	0	0	0	0	38,713	0
hp & lease commitments	0	0	4,687	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	8,347	18,607	0	0	63,385	137,811
provisions	22,088	17,877	24,944	13,504	25,134	24,197	0	0	0	0	0	0	0
total long term liabilities	22,088	17,877	29,631	13,504	25,134	24,197	0	8,347	18,607	0	0	102,098	137,811
total liabilities	12,778,178	2,903,286	5,059,699	6,406,178	4,561,948	1,842,575	1,917,192	2,241,148	1,243,020	650,492	1,587,104	766,152	912,209
net assets	2,195,924	2,181,713	2,019,341	1,645,964	1,509,039	1,461,526	1,452,277	1,000,114	655,533	654,824	610,375	551,929	551,181
total shareholders funds	2,195,924	2,181,713	2,019,341	1,645,964	1,509,039	1,461,526	1,452,277	1,000,114	655,533	654,824	610,375	551,929	551,181

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	789,808	769,478	343,344	39,835	544,745	379,090	556,577	542,421	-1,652	58,942	81,249	3,507	490,036
Depreciation	78,459	89,869	93,960	92,213	78,535	84,186	60,697	144,819	37,603	45,031	45,887	31,536	32,101
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-149,034	-200,921	396,563	827,196	17,551	-92,290	-113,041	-115,245	-263	-14,722	-21,298	-1,135	-137,489
Stock	494	83,851	0	-321,430	173,726	-144,984	261,513	-115,003	146,178	-39,705	39,705	-1,858	1,858
Debtors	7,591,912	-1,473,820	-452,149	1,424,516	2,175,955	-457,074	172,509	267,722	236,529	-909,285	669,350	-43,126	521,297
Creditors	2,845,348	-1,293,016	-1,639,951	599,928	2,822,724	-841,031	-315,609	1,008,388	573,921	-936,612	923,050	-110,344	774,398
Accruals and Deferred Income	7,038,078	-848,654	259,214	1,506,402	-354,758	742,217	0	0	0	0	0	0	0
Deferred Taxes & Provisions	4,211	-7,067	11,440	-11,630	937	24,197	0	0	0	0	0	0	0
Cash flow from operations	3,014,464	-100,342	-83,281	1,950,858	760,053	898,427	-245,398	1,427,664	226,902	101,629	319,833	-31,452	635,891
Investing Activities
capital expenditure	0	0	-96,165	-48,098	-71,084	-150,826	-18,416	-22,857	-67,767	-34,124	-93,556	-6,179	-573,718
Change in Investments	0	233,360	0	0	0	0	0	-400	0	0	0	0	400
cash flow from investments	0	-233,360	-96,165	-48,098	-71,084	-150,826	-18,416	-22,457	-67,767	-34,124	-93,556	-6,179	-574,118
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	-38,713	38,713	0
Hire Purchase and Lease Commitments	-5,125	-6,150	11,275	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-8,347	-10,260	18,607	0	-63,385	-74,426	137,811
share issue	-199,000	-1,364	-4,000	-198,818	-492,964	2	0	-88,958	-170	-2,170	-2,170	-2,170	197,638
interest	374	1,687	16,246	8,629	3,181	2,197	8,627	6,362	2,793	2,399	665	546	996
cash flow from financing	-203,751	-5,827	23,521	-190,189	-489,783	2,199	280	-92,856	21,230	229	-103,603	-37,337	336,445
cash and cash equivalents
cash	2,299,378	-552,681	-520,199	913,490	425,467	472,326	-431,894	1,337,800	89,918	67,734	122,674	-74,968	398,218
overdraft	-7,620	-1,526	11,543	-250,470	250,470	0	0	0	0	0	0	0	0
change in cash	2,306,998	-551,155	-531,742	1,163,960	174,997	472,326	-431,894	1,337,800	89,918	67,734	122,674	-74,968	398,218

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HOWARD RUSSELL CONSTRUCTION LIMITED group structure

Howard Russell Construction Limited has no subsidiary companies.

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HOWARD RUSSELL CONSTRUCTION LIMITED

03390492

HOWARD RUSSELL CONSTRUCTION LIMITED Shareholders

david varty	59.09%
ann varty	24.94%
jennifer kathleen muldoon	1.66%
laura ann hall	1.66%
sean william styles	1.66%
matthew thomas	1.66%
james hall	1.66%
craig richard muldoon	1.66%
david john batey	1.66%
andrea styles	1.66%

Howard Russell Construction Limited currently has 5 directors. The longest serving directors include Mr David Varty (Jun 1997) and Mr Craig Muldoon (Jul 2017).

officer	country	age	start	end	role
Mr David Varty		68 years	Jun 1997	-	Director
Mr Craig Muldoon	United Kingdom	41 years	Jul 2017	-	Director
Mrs Andrea Styles		55 years	Jul 2017	-	Director
Mr James Hall		39 years	Apr 2019	-	Director
Mr Matthew Thomas	United Kingdom	39 years	Apr 2022	-	Director

P&L

March 2022

turnover

43.5m

+249%

operating profit

789.8k

+3%

gross margin

8.1%

-48.57%

turnover

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

Balance Sheet

March 2022

net assets

2.2m

+0.01%

total assets

15m

+1.94%

cash

4.5m

+1.02%

net assets

Total assets minus all liabilities

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company number

03390492

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

June 1997

ultimate parent company

None

previous names

N/A

address

suite 5 2nd floor bulman house, regent centre, gosforth, NE3 3LS

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 3 charges/mortgages relating to howard russell construction limited. Currently there are 0 open charges and 3 have been satisfied in the past.

howard russell construction limited Company Information

howard russell construction limited Estimated Valuation

howard russell construction limited Estimated Valuation

howard russell construction limited Estimated Valuation

Howard Russell Construction Limited Overview

Howard Russell Construction Limited Health Check

HOWARD RUSSELL CONSTRUCTION LIMITED financials

howard russell construction limited Credit Report and Business Information

Howard Russell Construction Limited Competitor Analysis

howard russell construction limited Ownership

howard russell construction limited directors

howard russell construction limited company details

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