hannafore point limited Company Information
Company Number
03614886
Next Accounts
Jul 2025
Industry
Hotels and similar accommodation
Shareholders
berry head hotel ltd
Group Structure
View All
Contact
Registered Address
c/o bishop fleming, chy nyverow newham road, truro, cornwall, TR1 2DP
Website
http://berryheadhotel.comhannafore point limited Estimated Valuation
Pomanda estimates the enterprise value of HANNAFORE POINT LIMITED at £2.1m based on a Turnover of £1.7m and 1.29x industry multiple (adjusted for size and gross margin).
hannafore point limited Estimated Valuation
Pomanda estimates the enterprise value of HANNAFORE POINT LIMITED at £457.9k based on an EBITDA of £85.7k and a 5.35x industry multiple (adjusted for size and gross margin).
hannafore point limited Estimated Valuation
Pomanda estimates the enterprise value of HANNAFORE POINT LIMITED at £0 based on Net Assets of £-214.8k and 2.26x industry multiple (adjusted for liquidity).
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Hannafore Point Limited Overview
Hannafore Point Limited is a live company located in truro, TR1 2DP with a Companies House number of 03614886. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in August 1998, it's largest shareholder is berry head hotel ltd with a 100% stake. Hannafore Point Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with healthy growth in recent years.
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Hannafore Point Limited Health Check
Pomanda's financial health check has awarded Hannafore Point Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£5.1m)
£1.7m - Hannafore Point Limited
£5.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (4.3%)
- Hannafore Point Limited
4.3% - Industry AVG
Production
with a gross margin of 79.6%, this company has a lower cost of product (62.9%)
79.6% - Hannafore Point Limited
62.9% - Industry AVG
Profitability
an operating margin of 1.3% make it less profitable than the average company (8.4%)
1.3% - Hannafore Point Limited
8.4% - Industry AVG
Employees
with 40 employees, this is below the industry average (78)
40 - Hannafore Point Limited
78 - Industry AVG
Pay Structure
on an average salary of £22.6k, the company has an equivalent pay structure (£22.6k)
- Hannafore Point Limited
£22.6k - Industry AVG
Efficiency
resulting in sales per employee of £41.5k, this is less efficient (£68.6k)
£41.5k - Hannafore Point Limited
£68.6k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (8 days)
2 days - Hannafore Point Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 65 days, this is slower than average (46 days)
65 days - Hannafore Point Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 20 days, this is more than average (7 days)
20 days - Hannafore Point Limited
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (7 weeks)
29 weeks - Hannafore Point Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 113.8%, this is a higher level of debt than the average (75.6%)
113.8% - Hannafore Point Limited
75.6% - Industry AVG
HANNAFORE POINT LIMITED financials
Hannafore Point Limited's latest turnover from October 2023 is £1.7 million and the company has net assets of -£214.8 thousand. According to their latest financial statements, Hannafore Point Limited has 40 employees and maintains cash reserves of £133.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 1,658,419 | 1,471,433 | 1,315,514 | 1,245,638 | 1,164,707 | 1,188,777 | 1,073,602 | 1,001,509 | 981,780 | 957,255 | 975,270 | 977,624 | 834,022 | ||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Cost Of Sales | 338,987 | 293,619 | 260,417 | 269,381 | 247,432 | 248,820 | 230,491 | 219,192 | 211,293 | 210,270 | 226,933 | 221,000 | 187,782 | ||
Gross Profit | 1,319,432 | 1,177,814 | 1,055,097 | 976,257 | 917,275 | 939,957 | 843,111 | 782,317 | 770,487 | 746,985 | 748,337 | 756,624 | 646,240 | ||
Admin Expenses | 1,298,068 | 1,159,465 | 1,019,048 | 943,422 | 910,250 | 881,288 | 853,497 | 769,066 | 780,679 | 732,205 | 758,868 | 739,318 | 684,703 | ||
Operating Profit | 21,364 | 18,349 | 36,049 | 32,835 | 7,025 | 58,669 | -10,386 | 13,251 | -10,192 | 14,780 | -10,531 | 17,306 | -38,463 | ||
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32 | 2,544 | 2,756 | 2,142 | 3,520 | 4,275 | ||
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Pre-Tax Profit | 21,364 | 18,349 | 36,049 | -32,835 | 7,025 | 58,669 | -10,386 | 13,219 | -12,736 | 12,024 | -12,673 | 13,786 | -42,738 | ||
Tax | -50,000 | 0 | -8,505 | -8,815 | -4,598 | -11,696 | -29,699 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Profit After Tax | -28,636 | 18,349 | 27,544 | -41,650 | 2,427 | 46,973 | -40,085 | 13,219 | -12,736 | 12,024 | -12,673 | 13,786 | -42,738 | ||
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Retained Profit | -28,636 | 18,349 | 27,544 | -41,650 | 2,427 | 46,973 | -40,085 | 13,219 | -12,736 | 12,024 | -12,673 | 13,786 | -42,738 | ||
Employee Costs | |||||||||||||||
Number Of Employees | 40 | 40 | 32 | 41 | 39 | 37 | 36 | 35 | 37 | ||||||
EBITDA* | 85,673 | 74,636 | 86,212 | 83,423 | 55,930 | 107,867 | 36,553 | 53,809 | 28,213 | 54,800 | 31,241 | 49,031 | -6,819 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 1,357,285 | 1,134,107 | 988,871 | 1,009,752 | 991,462 | 913,748 | 825,121 | 797,413 | 793,629 | 639,671 | 625,189 | 648,520 | 673,150 | 630,200 | 648,291 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 5,000 | 10,000 | 15,000 | 20,000 | 25,000 | 30,000 | 35,000 | 40,000 | 45,000 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 1,357,285 | 1,134,107 | 988,871 | 1,009,752 | 991,462 | 913,748 | 830,121 | 807,413 | 808,629 | 659,671 | 650,189 | 678,520 | 708,150 | 670,200 | 693,291 |
Stock & work in progress | 18,577 | 17,470 | 13,944 | 9,694 | 16,268 | 16,368 | 15,442 | 13,955 | 14,672 | 12,623 | 11,422 | 11,771 | 14,391 | 12,806 | 11,820 |
Trade Debtors | 13,278 | 13,359 | 19,114 | 4,067 | 19,030 | 12,055 | 9,005 | 20,326 | 38,451 | 11,771 | 19,971 | 21,618 | 23,051 | 24,346 | 6,298 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 35,228 | 16,225 | 15,246 | 17,039 | 19,435 | 15,993 | 19,744 | 20,067 | 17,197 | 19,452 | 22,289 | 15,134 | 19,669 | 14,563 | 12,414 |
Cash | 133,453 | 310,595 | 443,263 | 30,521 | 2,992 | 2,938 | 1,680 | 1,327 | 1,182 | 961 | 1,175 | 715 | 729 | 1,190 | 924 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 200,536 | 357,649 | 491,567 | 61,321 | 57,725 | 47,354 | 45,871 | 55,675 | 71,502 | 44,807 | 54,857 | 49,238 | 57,840 | 52,905 | 31,456 |
total assets | 1,557,821 | 1,491,756 | 1,480,438 | 1,071,073 | 1,049,187 | 961,102 | 875,992 | 863,088 | 880,131 | 704,478 | 705,046 | 727,758 | 765,990 | 723,105 | 724,747 |
Bank overdraft | 0 | 0 | 0 | 0 | 105,108 | 86,306 | 11,951 | 35,417 | 148,003 | 28,867 | 16,597 | 24,299 | 70,803 | 66,136 | 85,807 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 60,404 | 69,701 | 64,747 | 36,863 | 43,412 | 57,441 | 57,735 | 56,041 | 48,327 | 40,866 | 49,728 | 46,939 | 43,826 | 41,760 | 43,985 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 1,290,669 | 1,264,372 | 1,227,557 | 1,208,112 | 1,180,161 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,000 | 12,000 | 12,000 | 12,000 | 0 | 0 |
hp & lease commitments | 0 | 3,696 | 5,892 | 5,892 | 5,891 | 0 | 0 | 9,893 | 9,893 | 0 | 0 | 0 | 0 | 0 | 917 |
other current liabilities | 172,239 | 148,227 | 179,598 | 111,854 | 117,279 | 116,710 | 109,641 | 91,542 | 90,333 | 73,034 | 78,229 | 71,382 | 68,627 | 66,464 | 61,240 |
total current liabilities | 232,643 | 221,624 | 250,237 | 154,609 | 1,562,359 | 1,524,829 | 1,406,884 | 1,401,005 | 1,476,717 | 148,767 | 156,554 | 154,620 | 195,256 | 174,360 | 191,949 |
loans | 1,382,614 | 1,348,932 | 1,323,655 | 1,302,729 | 0 | 0 | 0 | 0 | 0 | 1,141,911 | 1,141,911 | 1,141,821 | 1,139,441 | 1,134,779 | 1,132,618 |
hp & lease commitments | 0 | 0 | 3,695 | 9,587 | 14,506 | 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 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,000 | 18,000 | 30,000 | 0 | 0 |
provisions | 157,406 | 107,406 | 107,406 | 82,012 | 63,313 | 54,808 | 45,993 | 41,395 | 29,699 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 1,540,020 | 1,456,338 | 1,434,756 | 1,394,328 | 77,819 | 54,808 | 45,993 | 41,395 | 29,699 | 1,141,911 | 1,147,911 | 1,159,821 | 1,169,441 | 1,134,779 | 1,132,618 |
total liabilities | 1,772,663 | 1,677,962 | 1,684,993 | 1,548,937 | 1,640,178 | 1,579,637 | 1,452,877 | 1,442,400 | 1,506,416 | 1,290,678 | 1,304,465 | 1,314,441 | 1,364,697 | 1,309,139 | 1,324,567 |
net assets | -214,842 | -186,206 | -204,555 | -477,864 | -590,991 | -618,535 | -576,885 | -579,312 | -626,285 | -586,200 | -599,419 | -586,683 | -598,707 | -586,034 | -599,820 |
total shareholders funds | -214,842 | -186,206 | -204,555 | -477,864 | -590,991 | -618,535 | -576,885 | -579,312 | -626,285 | -586,200 | -599,419 | -586,683 | -598,707 | -586,034 | -599,820 |
Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | Oct 2013 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 21,364 | 18,349 | 36,049 | 32,835 | 7,025 | 58,669 | -10,386 | 13,251 | -10,192 | 14,780 | -10,531 | 17,306 | -38,463 | ||
Depreciation | 64,309 | 56,287 | 48,977 | 48,394 | 50,163 | 45,588 | 43,905 | 44,198 | 41,939 | 35,558 | 33,405 | 35,020 | 36,772 | 26,725 | 26,644 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 |
Tax | -50,000 | 0 | -8,505 | -8,815 | -4,598 | -11,696 | -29,699 | 0 | 0 | 0 | 0 | 0 | 0 | ||
Stock | 1,107 | 3,526 | 4,250 | -6,574 | -100 | 926 | 1,487 | -717 | 2,049 | 1,201 | -349 | -2,620 | 1,585 | 986 | 11,820 |
Debtors | 18,922 | -4,776 | 13,254 | -17,359 | 10,417 | -701 | -11,644 | -15,255 | 24,425 | -11,037 | 5,508 | -5,968 | 3,811 | 20,197 | 18,712 |
Creditors | -9,297 | 4,954 | 27,884 | -6,549 | -14,029 | -294 | 1,694 | 7,714 | 7,461 | -8,862 | 2,789 | 3,113 | 2,066 | -2,225 | 43,985 |
Accruals and Deferred Income | 24,012 | -31,371 | 67,744 | -5,425 | 569 | 7,069 | 18,099 | 1,209 | 17,299 | -5,195 | 6,847 | 2,755 | 2,163 | 5,224 | 61,240 |
Deferred Taxes & Provisions | 50,000 | 0 | 25,394 | 18,699 | 8,505 | 8,815 | 4,598 | 11,696 | 29,699 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 80,359 | 49,469 | 62,435 | 89,973 | 85,880 | 132,762 | 34,839 | 49,588 | 32,690 | 69,256 | 30,074 | 30,847 | 67,874 | ||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | -1,290,669 | 26,297 | 36,815 | 19,445 | 27,951 | 1,180,161 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,000 | -6,000 | 0 | 0 | 12,000 | 0 | 0 |
Long term loans | 33,682 | 25,277 | 20,926 | 1,302,729 | 0 | 0 | 0 | 0 | -1,141,911 | 0 | 90 | 2,380 | 4,662 | 2,161 | 1,132,618 |
Hire Purchase and Lease Commitments | -3,696 | -5,891 | -5,892 | -4,918 | 20,397 | 0 | -9,893 | 0 | 9,893 | 0 | 0 | 0 | 0 | -917 | 917 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6,000 | -12,000 | -12,000 | 30,000 | 0 | 0 |
share issue | |||||||||||||||
interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32 | -2,544 | -2,756 | -2,142 | -3,520 | -4,275 | ||
cash flow from financing | 29,986 | 19,386 | 46,694 | 36,815 | 9,552 | 27,951 | 42,143 | -12,032 | -14,454 | -12,376 | 44,520 | -2,276 | 572,178 | ||
cash and cash equivalents | |||||||||||||||
cash | -177,142 | -132,668 | 412,742 | 27,529 | 54 | 1,258 | 353 | 145 | 221 | -214 | 460 | -14 | -461 | 266 | 924 |
overdraft | 0 | 0 | 0 | -105,108 | 18,802 | 74,355 | -23,466 | -112,586 | 119,136 | 12,270 | -7,702 | -46,504 | 4,667 | -19,671 | 85,807 |
change in cash | -177,142 | -132,668 | 412,742 | 132,637 | -18,748 | -73,097 | 23,819 | 112,731 | -118,915 | -12,484 | 8,162 | 46,490 | -5,128 | 19,937 | -84,883 |
hannafore point limited Credit Report and Business Information
Hannafore Point Limited Competitor Analysis
Perform a competitor analysis for hannafore point limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in TR1 area or any other competitors across 12 key performance metrics.
hannafore point limited Ownership
HANNAFORE POINT LIMITED group structure
Hannafore Point Limited has no subsidiary companies.
Ultimate parent company
2 parents
HANNAFORE POINT LIMITED
03614886
hannafore point limited directors
Hannafore Point Limited currently has 4 directors. The longest serving directors include Mr Edward Bence (Aug 1998) and Ms Sarah Bence (Jul 2004).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Edward Bence | England | 72 years | Aug 1998 | - | Director |
Ms Sarah Bence | England | 69 years | Jul 2004 | - | Director |
Ms Lucinda Chamings | England | 43 years | Dec 2016 | - | Director |
Mr Edward Bence | United Kingdom | 38 years | Dec 2016 | - | Director |
P&L
October 2023turnover
1.7m
+13%
operating profit
21.4k
+16%
gross margin
79.6%
-0.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
-214.8k
+0.15%
total assets
1.6m
+0.04%
cash
133.5k
-0.57%
net assets
Total assets minus all liabilities
hannafore point limited company details
company number
03614886
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
August 1998
age
26
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
October 2023
previous names
N/A
accountant
BISHOP FLEMING LLP
auditor
-
address
c/o bishop fleming, chy nyverow newham road, truro, cornwall, TR1 2DP
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
hannafore point 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 3 charges/mortgages relating to hannafore point limited. Currently there are 2 open charges and 1 have been satisfied in the past.
hannafore point 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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hannafore point limited Companies House Filings - See Documents
date | description | view/download |
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