hrvs group limited
hrvs group limited Company Information
Company Number
03415212
Next Accounts
1199 days late
Shareholders
man truck & bus uk limited
Group Structure
View All
Industry
Maintenance and repair of motor vehicles
Registered Address
c/o interpath limited, 10 fleet place, london, EC4M 7RB
Website
www.hrvs.co.ukhrvs group limited Estimated Valuation
Pomanda estimates the enterprise value of HRVS GROUP LIMITED at £7.7m based on a Turnover of £22.1m and 0.35x industry multiple (adjusted for size and gross margin).
hrvs group limited Estimated Valuation
Pomanda estimates the enterprise value of HRVS GROUP LIMITED at £4.8m based on an EBITDA of £1.1m and a 4.19x industry multiple (adjusted for size and gross margin).
hrvs group limited Estimated Valuation
Pomanda estimates the enterprise value of HRVS GROUP LIMITED at £8.3m based on Net Assets of £2.7m and 3.09x industry multiple (adjusted for liquidity).
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Hrvs Group Limited Overview
Hrvs Group Limited is a live company located in london, EC4M 7RB with a Companies House number of 03415212. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in August 1997, it's largest shareholder is man truck & bus uk limited with a 100% stake. Hrvs Group Limited is a mature, large sized company, Pomanda has estimated its turnover at £22.1m with healthy growth in recent years.
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Hrvs Group Limited Health Check
Pomanda's financial health check has awarded Hrvs Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
5 Regular
4 Weak
Size
annual sales of £22.1m, make it larger than the average company (£368.7k)
£22.1m - Hrvs Group Limited
£368.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.6%)
6% - Hrvs Group Limited
5.6% - Industry AVG
Production
with a gross margin of 19.9%, this company has a higher cost of product (36.7%)
19.9% - Hrvs Group Limited
36.7% - Industry AVG
Profitability
an operating margin of 3.9% make it less profitable than the average company (5.1%)
3.9% - Hrvs Group Limited
5.1% - Industry AVG
Employees
with 156 employees, this is above the industry average (9)
156 - Hrvs Group Limited
9 - Industry AVG
Pay Structure
on an average salary of £31.3k, the company has an equivalent pay structure (£27.4k)
£31.3k - Hrvs Group Limited
£27.4k - Industry AVG
Efficiency
resulting in sales per employee of £141.7k, this is more efficient (£89.5k)
£141.7k - Hrvs Group Limited
£89.5k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is near the average (34 days)
41 days - Hrvs Group Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is close to average (41 days)
42 days - Hrvs Group Limited
41 days - Industry AVG
Stock Days
it holds stock equivalent to 42 days, this is more than average (20 days)
42 days - Hrvs Group Limited
20 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Hrvs Group Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.7%, this is a similar level of debt than the average (74.8%)
75.7% - Hrvs Group Limited
74.8% - Industry AVG
HRVS GROUP LIMITED financials
Hrvs Group Limited's latest turnover from January 2020 is £22.1 million and the company has net assets of £2.7 million. According to their latest financial statements, Hrvs Group Limited has 156 employees and maintains cash reserves of £4.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 22,100,072 | 23,148,196 | 27,773,937 | 18,759,172 | 16,802,539 | 15,654,287 | 11,768,669 | 8,880,237 | 8,018,896 | 4,831,861 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 17,709,712 | 19,068,450 | 23,183,141 | 14,836,323 | 12,945,738 | 11,870,121 | 8,919,415 | 6,495,268 | 5,874,918 | 3,553,424 | |
| Gross Profit | 4,390,360 | 4,079,746 | 4,590,796 | 3,922,849 | 3,856,801 | 3,784,166 | 2,849,254 | 2,384,969 | 2,143,978 | 1,278,437 | |
| Admin Expenses | 3,537,747 | 3,845,014 | 4,052,758 | 3,419,131 | 3,350,139 | 3,270,767 | 2,499,635 | 2,034,836 | 1,789,432 | 1,161,360 | |
| Operating Profit | 852,613 | 234,732 | 538,038 | 503,718 | 506,662 | 513,399 | 349,619 | 350,133 | 354,546 | 117,077 | |
| Interest Payable | 163,811 | 158,114 | 154,087 | 145,323 | 48,332 | 63,169 | 55,295 | 49,122 | 44,776 | 9,543 | |
| Interest Receivable | 441 | 3,040,211 | 0 | 0 | 0 | 0 | 0 | 138 | 371 | ||
| Pre-Tax Profit | 689,802 | 77,059 | 383,951 | 358,395 | 458,330 | 450,230 | 294,324 | 301,011 | 379,886 | 107,905 | |
| Tax | -176,205 | -45,728 | -92,651 | -85,714 | -101,583 | -107,619 | -75,638 | -78,484 | -117,980 | -27,973 | |
| Profit After Tax | 513,597 | 31,331 | 291,300 | 272,681 | 356,747 | 342,611 | 218,686 | 222,527 | 261,906 | 79,932 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 513,597 | 31,331 | 291,300 | 272,681 | 356,747 | 342,611 | 218,686 | 222,527 | 261,906 | 79,932 | |
| Employee Costs | 4,884,126 | 5,221,734 | 5,191,928 | 3,754,753 | 3,404,314 | 3,323,207 | 3,914,192 | 3,148,436 | 3,044,379 | 1,911,837 | |
| Number Of Employees | 156 | 173 | 187 | 137 | 128 | 124 | 74 | ||||
| EBITDA* | 1,148,310 | 564,088 | 895,487 | 773,285 | 826,849 | 805,584 | 587,522 | 564,566 | 518,817 | 235,543 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,445,894 | 2,521,735 | 2,749,787 | 2,521,215 | 2,614,473 | 2,639,659 | 2,504,052 | 2,386,228 | 1,565,370 | 1,580,376 | 452,667 |
| Intangible Assets | 395,500 | 452,000 | 508,500 | 0 | 25,733 | 91,467 | 157,201 | 269,005 | 315,565 | 178,636 | 0 |
| Investments & Other | 0 | 2,151,267 | 2,151,267 | 5,756,478 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,841,394 | 5,125,002 | 5,409,554 | 8,277,693 | 2,640,206 | 2,731,126 | 2,661,253 | 2,655,233 | 1,880,935 | 1,759,012 | 452,667 |
| Stock & work in progress | 2,063,213 | 1,908,449 | 1,861,227 | 2,093,529 | 1,357,572 | 1,339,538 | 1,132,804 | 682,082 | 726,065 | 577,279 | 434,112 |
| Trade Debtors | 2,523,176 | 2,783,814 | 2,808,931 | 2,021,010 | 1,848,649 | 1,542,610 | 1,450,456 | 1,282,618 | 1,042,851 | 1,039,176 | 691,736 |
| Group Debtors | 0 | 1,150,719 | 1,199,765 | 494,777 | 582,035 | 278,861 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 677,563 | 769,236 | 439,284 | 345,136 | 261,402 | 436,762 | 379,639 | 577,178 | 385,385 | 0 |
| Cash | 4,319 | 119,895 | 298,237 | 664,520 | 464,652 | 209,406 | 86,138 | 186,568 | 188,226 | 50,237 | 1,114 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,176,768 | 6,640,440 | 6,937,396 | 5,713,120 | 4,598,044 | 3,631,817 | 3,106,160 | 2,530,907 | 2,534,320 | 2,052,077 | 1,126,962 |
| total assets | 11,018,162 | 11,765,442 | 12,346,950 | 13,990,813 | 7,238,250 | 6,362,943 | 5,767,413 | 5,186,140 | 4,415,255 | 3,811,089 | 1,579,629 |
| Bank overdraft | 488,347 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58,869 | 0 |
| Bank loan | 0 | 445,445 | 430,693 | 435,000 | 159,870 | 159,901 | 159,870 | 159,870 | 61,268 | 0 | 0 |
| Trade Creditors | 2,042,159 | 2,591,432 | 2,381,399 | 2,710,041 | 1,976,858 | 1,174,898 | 1,072,458 | 698,114 | 543,376 | 550,513 | 830,185 |
| Group/Directors Accounts | 0 | 1,212,564 | 1,261,534 | 2,615,943 | 1,104,994 | 1,027,223 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 4,996,006 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 88,957 | 121,027 | 69,929 | 141,317 | 175,874 | 171,088 | 135,301 | 90,771 | 60,346 | 0 |
| other current liabilities | 0 | 595,805 | 829,921 | 781,929 | 489,174 | 571,502 | 1,267,732 | 1,080,997 | 1,196,076 | 803,279 | 0 |
| total current liabilities | 8,209,833 | 4,934,203 | 5,024,574 | 6,612,842 | 3,872,213 | 3,109,398 | 2,671,148 | 2,074,282 | 1,891,491 | 1,473,007 | 830,185 |
| loans | 0 | 3,902,122 | 4,344,798 | 4,784,605 | 1,009,057 | 1,169,489 | 1,325,437 | 1,438,826 | 1,047,706 | 1,108,974 | 0 |
| hp & lease commitments | 0 | 87,407 | 158,067 | 57,808 | 67,411 | 145,131 | 148,747 | 202,103 | 137,042 | 120,488 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 73,266 | 153,395 | 232,139 | 307,610 | 43,751 |
| provisions | 0 | 80,851 | 89,983 | 97,330 | 124,022 | 130,125 | 82,626 | 70,031 | 81,901 | 37,940 | 22,555 |
| total long term liabilities | 133,873 | 4,070,380 | 4,592,848 | 4,939,743 | 1,200,490 | 1,444,745 | 1,630,076 | 1,864,355 | 1,498,788 | 1,575,012 | 66,306 |
| total liabilities | 8,343,706 | 9,004,583 | 9,617,422 | 11,552,585 | 5,072,703 | 4,554,143 | 4,301,224 | 3,938,637 | 3,390,279 | 3,048,019 | 896,491 |
| net assets | 2,674,456 | 2,760,859 | 2,729,528 | 2,438,228 | 2,165,547 | 1,808,800 | 1,466,189 | 1,247,503 | 1,024,976 | 763,070 | 683,138 |
| total shareholders funds | 2,674,456 | 2,760,859 | 2,729,528 | 2,438,228 | 2,165,547 | 1,808,800 | 1,466,189 | 1,247,503 | 1,024,976 | 763,070 | 683,138 |
| Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 852,613 | 234,732 | 538,038 | 503,718 | 506,662 | 513,399 | 349,619 | 350,133 | 354,546 | 117,077 | |
| Depreciation | 295,697 | 272,856 | 300,949 | 243,834 | 254,453 | 226,451 | 191,343 | 167,873 | 164,271 | 118,466 | 109,770 |
| Amortisation | 56,500 | 56,500 | 25,733 | 65,734 | 65,734 | 46,560 | 46,560 | 0 | 0 | 0 | |
| Tax | -176,205 | -45,728 | -92,651 | -85,714 | -101,583 | -107,619 | -75,638 | -78,484 | -117,980 | -27,973 | |
| Stock | 154,764 | 47,222 | -232,302 | 735,957 | 18,034 | 206,734 | 450,722 | -43,983 | 148,786 | 143,167 | 434,112 |
| Debtors | -2,088,920 | -165,836 | 1,822,861 | 179,251 | 692,947 | 195,655 | 224,961 | 42,228 | 195,468 | 732,825 | 691,736 |
| Creditors | -549,273 | 210,033 | -328,642 | 733,183 | 801,960 | 102,440 | 374,344 | 154,738 | -7,137 | -279,672 | 830,185 |
| Accruals and Deferred Income | -595,805 | -234,116 | 47,992 | 292,755 | -82,328 | -696,230 | 186,735 | -115,079 | 392,797 | 803,279 | 0 |
| Deferred Taxes & Provisions | -80,851 | -9,132 | -7,347 | -26,692 | -6,103 | 47,499 | 12,595 | -11,870 | 43,961 | 15,385 | 22,555 |
| Cash flow from operations | 603,759 | -1,075,720 | 771,609 | 727,814 | -250,715 | 409,875 | 515,626 | 486,204 | -129,430 | ||
| Investing Activities | |||||||||||
| capital expenditure | -160,231 | -181,301 | -179,911 | -766,921 | -114,841 | -1,283,807 | |||||
| Change in Investments | -2,151,267 | 0 | -3,605,211 | 5,756,478 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -160,231 | -181,301 | -179,911 | -766,921 | -114,841 | -1,283,807 | |||||
| Financing Activities | |||||||||||
| Bank loans | -445,445 | 14,752 | -4,307 | 275,130 | -31 | 31 | 0 | 98,602 | 61,268 | 0 | 0 |
| Group/Directors Accounts | -1,212,564 | -48,970 | -1,354,409 | 1,510,949 | 77,771 | 1,027,223 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 4,996,006 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -3,902,122 | -442,676 | -439,807 | 3,775,548 | -160,432 | -155,948 | -113,389 | 391,120 | -61,268 | 1,108,974 | 0 |
| Hire Purchase and Lease Commitments | -176,364 | -102,730 | 151,357 | -80,991 | -112,277 | 1,170 | -17,569 | 109,591 | 46,979 | 180,834 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -73,266 | -80,129 | -78,744 | -75,471 | 263,859 | 43,751 |
| share issue | |||||||||||
| interest | -157,673 | 2,886,124 | -145,323 | -48,332 | -63,169 | -55,295 | -49,122 | -44,638 | -9,172 | ||
| cash flow from financing | -737,297 | 1,238,958 | 5,335,313 | -243,301 | 736,041 | -266,382 | 471,447 | -73,130 | 1,544,495 | ||
| cash and cash equivalents | |||||||||||
| cash | -115,576 | -178,342 | -366,283 | 199,868 | 255,246 | 123,268 | -100,430 | -1,658 | 137,989 | 49,123 | 1,114 |
| overdraft | 488,347 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -58,869 | 58,869 | 0 |
| change in cash | -603,923 | -178,342 | -366,283 | 199,868 | 255,246 | 123,268 | -100,430 | -1,658 | 196,858 | -9,746 | 1,114 |
hrvs group limited Credit Report and Business Information
Hrvs Group Limited Competitor Analysis
Perform a competitor analysis for hrvs group limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in EC4M area or any other competitors across 12 key performance metrics.
hrvs group limited Ownership
HRVS GROUP LIMITED group structure
Hrvs Group Limited has no subsidiary companies.
Ultimate parent company
VOLKSWAGEN AG
#0008736
2 parents
HRVS GROUP LIMITED
03415212
hrvs group limited directors
Hrvs Group Limited currently has 3 directors. The longest serving directors include Mr Clemens Pilgram (Jan 2021) and Mr Stefan Thyssen (Jul 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Clemens Pilgram | 40 years | Jan 2021 | - | Director | |
| Mr Stefan Thyssen | 42 years | Jul 2021 | - | Director | |
| Mr Stefan Thyssen | 42 years | Jul 2021 | - | Director |
P&L
January 2020turnover
22.1m
-5%
operating profit
852.6k
+263%
gross margin
19.9%
+12.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2020net assets
2.7m
-0.03%
total assets
11m
-0.06%
cash
4.3k
-0.96%
net assets
Total assets minus all liabilities
hrvs group limited company details
company number
03415212
Type
Private limited with Share Capital
industry
45200 - Maintenance and repair of motor vehicles
incorporation date
August 1997
age
28
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
January 2020
previous names
heage road vehicle services limited (July 2016)
fiscal trends limited (February 1998)
accountant
-
auditor
DJH ACCOUNTANTS LIMITED
address
c/o interpath limited, 10 fleet place, london, EC4M 7RB
Bank
-
Legal Advisor
-
hrvs group 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 6 charges/mortgages relating to hrvs group limited. Currently there are 0 open charges and 6 have been satisfied in the past.
hrvs group 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.
Click to start generating capital raising & share issue transactions for HRVS GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
hrvs group limited Companies House Filings - See Documents
| date | description | view/download |
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