He Contracts Limited

he contracts limited Company Information

Company Number

03523630

Next Accounts

Feb 2026

Directors

Gordon Banham

Shareholders

hargreaves industrial services limited

Group Structure

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Industry

Machining

Registered Address

west terrace, esh winning, durham, county durham, DH7 9PT

Website

https://www.hsgplc.co.uk

he contracts limited Estimated Valuation

£1.5k

Pomanda estimates the enterprise value of HE CONTRACTS LIMITED at £1.5k based on Net Assets of £1k and 1.46x industry multiple (adjusted for liquidity).

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He Contracts Limited is a live company located in durham, DH7 9PT with a Companies House number of 03523630. It operates in the machining sector, SIC Code 25620. Founded in March 1998, it's largest shareholder is hargreaves industrial services limited with a 100% stake. He Contracts Limited is a mature, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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0 Regular

1 Weak

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EXPORT

He Contracts Limited's latest turnover from May 2024 is 0 and the company has net assets of £1 thousand. According to their latest financial statements, we estimate that He Contracts Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2024	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover								669,000	3,562,000	25,637,000	11,195,000	38,036,000	16,498,000	12,297,000	8,263,000
Other Income Or Grants
Cost Of Sales								633,000	3,530,000	27,630,000	11,460,000	45,964,000	14,402,000	9,886,000	6,650,000
Gross Profit								36,000	32,000	-1,993,000	-265,000	-7,928,000	2,096,000	2,411,000	1,613,000
Admin Expenses				-3,043,000	94,000	-5,195,062	-8,907,180	8,580	-71,385	-137,150	350,000	2,003,000	1,371,000	1,349,000	1,033,000
Operating Profit				3,043,000	-94,000	5,195,062	8,907,180	27,420	103,385	-1,855,850	-615,000	-9,931,000	725,000	1,062,000	580,000
Interest Payable							1,008					179,000	128,000	106,000	2,000
Interest Receivable
Pre-Tax Profit				3,043,000	-94,000	4,208,000	8,906,173	28,000	-70,000	-2,345,000	-615,000	-10,110,000	597,000	956,000	578,000
Tax							-1,692,173	-6,000	154,000	490,000	275,000	2,405,000	-157,000	-267,000	-158,000
Profit After Tax				3,043,000	-94,000	4,208,000	7,214,000	22,000	84,000	-1,855,000	-340,000	-7,705,000	440,000	689,000	420,000
Dividends Paid
Retained Profit				3,043,000	-94,000	4,208,000	7,214,000	22,000	84,000	-1,855,000	-340,000	-7,705,000	440,000	689,000	420,000
Employee Costs					40,542	38,228		560,000	2,422,000	3,492,000	5,606,000	9,813,000	6,922,000	6,327,000	4,261,000
Number Of Employees	1	1	1	1	1	1		36	69	83	140	194	174	145	119
EBITDA*				3,043,000	-94,000	5,195,062	8,907,180	27,420	103,385	-1,850,850	-590,000	-9,899,000	764,000	1,107,000	618,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2024	May 2023	May 2020	May 2019	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets								93,000	118,000	137,000	173,000	210,000
Intangible Assets
Investments & Other					5,000	5,000	5,000	5,000	5,000	5,000
Debtors (Due After 1 year)
Total Fixed Assets					5,000	5,000	5,000	98,000	123,000	142,000	173,000	210,000
Stock & work in progress								16,532,000	4,799,000	4,188,000	3,312,000	1,276,000
Trade Debtors	1,000	1,000			82,000	357,000	917,000	842,000	690,000	2,098,000	2,993,000	617,000
Group Debtors				308,000	136,000	309,000	181,000	2,677,000	647,000	283,000	855,000	600,000
Misc Debtors					3,049,000	3,230,000	13,857,000	3,612,000	3,840,000	377,000	81,000	71,000
Cash						567,000	79,000	261,000		1,160,000		296,000
misc current assets
total current assets	1,000	1,000		308,000	3,267,000	4,463,000	15,034,000	23,924,000	9,976,000	8,106,000	7,241,000	2,860,000
total assets	1,000	1,000		308,000	3,272,000	4,468,000	15,039,000	24,022,000	10,099,000	8,248,000	7,414,000	3,070,000
Bank overdraft					31,000				2,106,000		899,000
Bank loan
Trade Creditors						171,000	827,000	1,981,000	5,426,000	2,198,000	2,613,000	738,000
Group/Directors Accounts			3,043,000	3,257,000	10,308,000	11,076,000	20,210,000	26,163,000	6,305,000	2,478,000	561,000	272,000
other short term finances												20,000
hp & lease commitments										1,000	5,000	7,000
other current liabilities					89,000	399,000	1,263,000	1,295,000	1,346,000	960,000	1,168,000	554,000
total current liabilities			3,043,000	3,257,000	10,428,000	11,646,000	22,300,000	29,439,000	15,183,000	5,637,000	5,246,000	1,591,000
loans
hp & lease commitments											2,000	7,000
Accruals and Deferred Income
other liabilities
provisions							3,000	1,000	6,000	9,000	13,000	15,000
total long term liabilities							3,000	1,000	6,000	9,000	15,000	22,000
total liabilities			3,043,000	3,257,000	10,428,000	11,646,000	22,303,000	29,440,000	15,189,000	5,646,000	5,261,000	1,613,000
net assets	1,000	1,000	-3,043,000	-2,949,000	-7,156,000	-7,178,000	-7,264,000	-5,418,000	-5,090,000	2,602,000	2,153,000	1,457,000
total shareholders funds	1,000	1,000	-3,043,000	-2,949,000	-7,156,000	-7,178,000	-7,264,000	-5,418,000	-5,090,000	2,602,000	2,153,000	1,457,000

	May 2023	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit		3,043,000	-94,000	5,195,062	8,907,180	27,420	103,385	-1,855,850	-615,000	-9,931,000	725,000	1,062,000	580,000
Depreciation								5,000	25,000	32,000	39,000	45,000	38,000
Amortisation
Tax					-1,692,173	-6,000	154,000	490,000	275,000	2,405,000	-157,000	-267,000	-158,000
Stock								-16,532,000	11,733,000	611,000	876,000	2,036,000	1,276,000
Debtors	1,000		-308,000	308,000	-3,267,000	-629,000	-11,059,000	7,824,000	1,954,000	2,419,000	-1,171,000	2,641,000	1,288,000
Creditors						-171,000	-656,000	-1,154,000	-3,445,000	3,228,000	-415,000	1,875,000	738,000
Accruals and Deferred Income					-89,000	-310,000	-864,000	-32,000	-51,000	386,000	-208,000	614,000	554,000
Deferred Taxes & Provisions							-3,000	2,000	-5,000	-3,000	-4,000	-2,000	15,000
Cash flow from operations	-1,000	3,043,000	214,000	4,887,062	10,393,007	169,420	9,793,385	6,163,150	-17,503,000	-6,913,000	275,000	-1,350,000	-797,000
Investing Activities
capital expenditure								88,000		-13,000	-3,000	-8,000	-248,000
Change in Investments					-5,000						5,000
cash flow from investments					5,000			88,000		-13,000	-8,000	-8,000	-248,000
Financing Activities
Bank loans
Group/Directors Accounts		-3,043,000	-214,000	3,257,000	-10,308,000	-768,000	-9,134,000	-5,953,000	19,858,000	3,827,000	1,917,000	289,000	272,000
Other Short Term Loans												-20,000	20,000
Long term loans
Hire Purchase and Lease Commitments										-1,000	-6,000	-7,000	14,000
other long term liabilities
share issue	1,000			-7,157,000	-58,000		2,000	9,000	12,000	13,000	9,000	7,000	1,037,000
interest					-1,008					-179,000	-128,000	-106,000	-2,000
cash flow from financing	1,000	-3,043,000	-214,000	-3,900,000	-10,367,008	-768,000	-9,132,000	-5,944,000	19,870,000	3,660,000	1,792,000	163,000	1,341,000
cash and cash equivalents
cash						-567,000	488,000	-182,000	261,000	-1,160,000	1,160,000	-296,000	296,000
overdraft					-31,000	31,000			-2,106,000	2,106,000	-899,000	899,000
change in cash					31,000	-598,000	488,000	-182,000	2,367,000	-3,266,000	2,059,000	-1,195,000	296,000

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HE CONTRACTS LIMITED group structure

He Contracts Limited has 1 subsidiary company.

Ultimate parent company

HARGREAVES SERVICES PLC

04952865

HARGREAVES INDUSTRIAL SERVICES LIMITED

02307132

2 parents

HE CONTRACTS LIMITED

03523630

1 subsidiary

D W L ENGINEERING SERVICES LTD

03914507

HE CONTRACTS LIMITED Shareholders

hargreaves industrial services limited

100%

He Contracts Limited currently has 1 director, Mr Gordon Banham serving since Apr 2008.

officer	country	age	start	end	role
Mr Gordon Banham		60 years	Apr 2008	-	Director

P&L

May 2024

turnover

operating profit

gross margin

turnover

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

Balance Sheet

May 2024

net assets

total assets

cash

net assets

Total assets minus all liabilities

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company number

03523630

Type

Private limited with Share Capital

industry

25620 - Machining

incorporation date

March 1998

ultimate parent company

HARGREAVES SERVICES PLC

previous names

hargreaves engineering & contracts limited (October 2019)

ajs contracts limited (April 2014)

address

west terrace, esh winning, durham, county durham, DH7 9PT

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 9 charges/mortgages relating to he contracts limited. Currently there are 0 open charges and 9 have been satisfied in the past.

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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he contracts limited Company Information

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he contracts limited Estimated Valuation

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