hannafore point limited

hannafore point limited Company Information

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Company Number

03614886

Industry

Hotels and similar accommodation

 

Directors

Edward Bence

Sarah Bence

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Shareholders

berry head hotel ltd

Group Structure

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Contact

Registered Address

c/o bishop fleming, chy nyverow newham road, truro, cornwall, TR1 2DP

hannafore point limited Estimated Valuation

£2.1m

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

£457.9k

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

£0

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

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

6 Weak

size

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

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (4.3%)

10% - Hannafore Point Limited

4.3% - Industry AVG

production

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

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

Employees

with 40 employees, this is below the industry average (78)

40 - Hannafore Point Limited

78 - Industry AVG

paystructure

Pay Structure

on an average salary of £22.6k, the company has an equivalent pay structure (£22.6k)

£22.6k - Hannafore Point Limited

£22.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £41.5k, this is less efficient (£68.6k)

£41.5k - Hannafore Point Limited

£68.6k - Industry AVG

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Turnover1,658,4191,471,433787,4141,231,6611,315,5141,245,6381,164,7071,188,7771,073,6021,001,509981,780957,255975,270977,624834,022
Other Income Or Grants000000000000000
Cost Of Sales338,987293,619434,595495,462260,417269,381247,432248,820230,491219,192211,293210,270226,933221,000187,782
Gross Profit1,319,4321,177,814352,819736,1991,055,097976,257917,275939,957843,111782,317770,487746,985748,337756,624646,240
Admin Expenses1,298,0681,159,465-64,467553,6141,019,048943,422910,250881,288853,497769,066780,679732,205758,868739,318684,703
Operating Profit21,36418,349417,286182,58536,04932,8357,02558,669-10,38613,251-10,19214,780-10,53117,306-38,463
Interest Payable0080,10542,93900000322,5442,7562,1423,5204,275
Interest Receivable002371700000000000
Pre-Tax Profit21,36418,349337,419139,66336,049-32,8357,02558,669-10,38613,219-12,73612,024-12,67313,786-42,738
Tax-50,0000-64,110-26,536-8,505-8,815-4,598-11,696-29,699000000
Profit After Tax-28,63618,349273,309113,12727,544-41,6502,42746,973-40,08513,219-12,73612,024-12,67313,786-42,738
Dividends Paid000000000000000
Retained Profit-28,63618,349273,309113,12727,544-41,6502,42746,973-40,08513,219-12,73612,024-12,67313,786-42,738
Employee Costs903,132831,231591,859791,857749,042674,847631,313603,559609,833345,647327,605319,099338,022332,7000
Number Of Employees40403241393736353722212122220
EBITDA*85,67374,636466,263230,97986,21283,42355,930107,86736,55353,80928,21354,80031,24149,031-6,819

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Tangible Assets1,357,2851,134,107988,8711,009,752991,462913,748825,121797,413793,629639,671625,189648,520673,150630,200648,291
Intangible Assets0000005,00010,00015,00020,00025,00030,00035,00040,00045,000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets1,357,2851,134,107988,8711,009,752991,462913,748830,121807,413808,629659,671650,189678,520708,150670,200693,291
Stock & work in progress18,57717,47013,9449,69416,26816,36815,44213,95514,67212,62311,42211,77114,39112,80611,820
Trade Debtors13,27813,35919,1144,06719,03012,0559,00520,32638,45111,77119,97121,61823,05124,3466,298
Group Debtors000000000000000
Misc Debtors35,22816,22515,24617,03919,43515,99319,74420,06717,19719,45222,28915,13419,66914,56312,414
Cash133,453310,595443,26330,5212,9922,9381,6801,3271,1829611,1757157291,190924
misc current assets000000000000000
total current assets200,536357,649491,56761,32157,72547,35445,87155,67571,50244,80754,85749,23857,84052,90531,456
total assets1,557,8211,491,7561,480,4381,071,0731,049,187961,102875,992863,088880,131704,478705,046727,758765,990723,105724,747
Bank overdraft0000105,10886,30611,95135,417148,00328,86716,59724,29970,80366,13685,807
Bank loan000000000000000
Trade Creditors 60,40469,70164,74736,86343,41257,44157,73556,04148,32740,86649,72846,93943,82641,76043,985
Group/Directors Accounts00001,290,6691,264,3721,227,5571,208,1121,180,161000000
other short term finances0000000006,00012,00012,00012,00000
hp & lease commitments03,6965,8925,8925,891009,8939,89300000917
other current liabilities172,239148,227179,598111,854117,279116,710109,64191,54290,33373,03478,22971,38268,62766,46461,240
total current liabilities232,643221,624250,237154,6091,562,3591,524,8291,406,8841,401,0051,476,717148,767156,554154,620195,256174,360191,949
loans1,382,6141,348,9321,323,6551,302,729000001,141,9111,141,9111,141,8211,139,4411,134,7791,132,618
hp & lease commitments003,6959,58714,5060000000000
Accruals and Deferred Income000000000000000
other liabilities00000000006,00018,00030,00000
provisions157,406107,406107,40682,01263,31354,80845,99341,39529,699000000
total long term liabilities1,540,0201,456,3381,434,7561,394,32877,81954,80845,99341,39529,6991,141,9111,147,9111,159,8211,169,4411,134,7791,132,618
total liabilities1,772,6631,677,9621,684,9931,548,9371,640,1781,579,6371,452,8771,442,4001,506,4161,290,6781,304,4651,314,4411,364,6971,309,1391,324,567
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 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Operating Activities
Operating Profit21,36418,349417,286182,58536,04932,8357,02558,669-10,38613,251-10,19214,780-10,53117,306-38,463
Depreciation64,30956,28748,97748,39450,16345,58843,90544,19841,93935,55833,40535,02036,77226,72526,644
Amortisation000005,0005,0005,0005,0005,0005,0005,0005,0005,0005,000
Tax-50,0000-64,110-26,536-8,505-8,815-4,598-11,696-29,699000000
Stock1,1073,5264,250-6,574-1009261,487-7172,0491,201-349-2,6201,58598611,820
Debtors18,922-4,77613,254-17,35910,417-701-11,644-15,25524,425-11,0375,508-5,9683,81120,19718,712
Creditors-9,2974,95427,884-6,549-14,029-2941,6947,7147,461-8,8622,7893,1132,066-2,22543,985
Accruals and Deferred Income24,012-31,37167,744-5,4255697,06918,0991,20917,299-5,1956,8472,7552,1635,22461,240
Deferred Taxes & Provisions50,000025,39418,6998,5058,8154,59811,69629,699000000
Cash flow from operations80,35949,469505,671235,10162,43589,97385,880132,76234,83949,58832,69069,25630,07430,84767,874
Investing Activities
capital expenditure-287,487-201,523-28,096-66,684-127,877-134,215-71,613-47,982-195,897-50,040-10,074-10,390-79,722-8,634-724,935
Change in Investments000000000000000
cash flow from investments-287,487-201,523-28,096-66,684-127,877-134,215-71,613-47,982-195,897-50,040-10,074-10,390-79,722-8,634-724,935
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000-1,290,66926,29736,81519,44527,9511,180,161000000
Other Short Term Loans 00000000-6,000-6,0000012,00000
Long term loans33,68225,27720,9261,302,7290000-1,141,9110902,3804,6622,1611,132,618
Hire Purchase and Lease Commitments-3,696-5,891-5,892-4,91820,3970-9,89309,8930000-917917
other long term liabilities000000000-6,000-12,000-12,00030,00000
share issue00000000000000-557,082
interest00-79,868-42,92200000-32-2,544-2,756-2,142-3,520-4,275
cash flow from financing29,98619,386-64,834-35,78046,69436,8159,55227,95142,143-12,032-14,454-12,37644,520-2,276572,178
cash and cash equivalents
cash-177,142-132,668412,74227,529541,258353145221-214460-14-461266924
overdraft000-105,10818,80274,355-23,466-112,586119,13612,270-7,702-46,5044,667-19,67185,807
change in cash-177,142-132,668412,742132,637-18,748-73,09723,819112,731-118,915-12,4848,16246,490-5,12819,937-84,883

hannafore point 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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Hannafore Point Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

berry head hotel ltd 100%

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).

officercountryagestartendrole
Mr Edward BenceEngland72 years Aug 1998- Director
Ms Sarah BenceEngland69 years Jul 2004- Director
Ms Lucinda ChamingsEngland43 years Dec 2016- Director
Mr Edward BenceUnited Kingdom38 years Dec 2016- Director

P&L

October 2023

turnover

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 2023

net 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

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