honours plc Company Information
Company Number
03702189
Next Accounts
Sep 2025
Directors
Shareholders
honours (holdings) ltd
wilmington trust sp services (london) ltd
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
third floor 1 king's arms yard, london, EC2R 7AF
Website
www.hsloans.co.ukhonours plc Estimated Valuation
Pomanda estimates the enterprise value of HONOURS PLC at £902.6k based on a Turnover of £3.9m and 0.23x industry multiple (adjusted for size and gross margin).
honours plc Estimated Valuation
Pomanda estimates the enterprise value of HONOURS PLC at £0 based on an EBITDA of £-2.1m and a 1.66x industry multiple (adjusted for size and gross margin).
honours plc Estimated Valuation
Pomanda estimates the enterprise value of HONOURS PLC at £0 based on Net Assets of £-13.9m and 2.3x industry multiple (adjusted for liquidity).
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Honours Plc Overview
Honours Plc is a live company located in london, EC2R 7AF with a Companies House number of 03702189. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 1999, it's largest shareholder is honours (holdings) ltd with a 100% stake. Honours Plc is a mature, small sized company, Pomanda has estimated its turnover at £3.9m with declining growth in recent years.
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Honours Plc Health Check
Pomanda's financial health check has awarded Honours Plc a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
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1 Strong
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3 Regular
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5 Weak
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Size
annual sales of £3.9m, make it in line with the average company (£3.7m)
£3.9m - Honours Plc
£3.7m - Industry AVG
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Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (8.3%)
-4% - Honours Plc
8.3% - Industry AVG
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Production
with a gross margin of -9.3%, this company has a higher cost of product (37.8%)
-9.3% - Honours Plc
37.8% - Industry AVG
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Profitability
an operating margin of -53.3% make it less profitable than the average company (5.7%)
-53.3% - Honours Plc
5.7% - Industry AVG
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Employees
with 27 employees, this is above the industry average (22)
- Honours Plc
22 - Industry AVG
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Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Honours Plc
- - Industry AVG
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Efficiency
resulting in sales per employee of £145k, this is equally as efficient (£146.2k)
- Honours Plc
£146.2k - Industry AVG
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Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Honours Plc
- - Industry AVG
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Creditor Days
its suppliers are paid after 34 days, this is close to average (32 days)
34 days - Honours Plc
32 days - Industry AVG
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Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Honours Plc
- - Industry AVG
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Cash Balance
has cash to cover current liabilities for 15 weeks, this is less cash available to meet short term requirements (27 weeks)
15 weeks - Honours Plc
27 weeks - Industry AVG
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Debt Level
it has a ratio of liabilities to total assets of 139%, this is a higher level of debt than the average (58.7%)
139% - Honours Plc
58.7% - Industry AVG
HONOURS PLC financials
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Honours Plc's latest turnover from March 2024 is £3.9 million and the company has net assets of -£13.9 million. According to their latest financial statements, we estimate that Honours Plc has 27 employees and maintains cash reserves of £7.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2024 | Mar 2023 | 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 | 3,915,000 | 4,004,000 | 3,138,000 | 4,445,000 | 6,335,000 | 6,158,000 | 3,380,000 | 5,915,000 | 7,304,000 | 6,642,000 | 6,859,000 | 7,870,000 | 8,123,000 | 7,953,000 | 12,181,000 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 4,281,000 | 2,881,000 | 1,261,000 | 1,255,000 | 2,154,000 | 2,176,000 | 1,833,000 | 1,966,000 | 2,392,000 | 2,566,000 | 2,700,000 | 2,961,000 | 2,958,000 | 2,607,000 | 3,015,000 |
Gross Profit | -366,000 | 1,123,000 | 1,877,000 | 3,190,000 | 4,181,000 | 3,982,000 | 1,547,000 | 3,949,000 | 4,912,000 | 4,076,000 | 4,159,000 | 4,909,000 | 5,165,000 | 5,346,000 | 9,166,000 |
Admin Expenses | 1,721,000 | 1,582,000 | 2,378,000 | 3,448,000 | 1,348,000 | 3,989,000 | 5,044,000 | 4,759,000 | 5,426,000 | 2,343,000 | 1,778,000 | 1,962,000 | 3,138,000 | 2,555,000 | 3,430,000 |
Operating Profit | -2,087,000 | -459,000 | -501,000 | -258,000 | 2,833,000 | -7,000 | -3,497,000 | -810,000 | -514,000 | 1,733,000 | 2,381,000 | 2,947,000 | 2,027,000 | 2,791,000 | 5,736,000 |
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Receivable | 304,000 | 59,000 | 0 | 0 | 56,000 | 0 | 0 | 6,000 | 16,000 | 51,000 | 46,000 | 0 | 0 | 4,000 | 8,000 |
Pre-Tax Profit | -1,783,000 | -400,000 | -501,000 | -258,000 | 2,889,000 | 28,439,000 | 4,503,000 | -804,000 | -22,892,000 | -9,072,000 | 2,427,000 | 2,990,000 | 2,031,000 | 2,795,000 | 5,744,000 |
Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,000 | -3,000 | -3,000 | -3,000 | -5,000 | -3,000 |
Profit After Tax | -1,783,000 | -400,000 | -501,000 | -258,000 | 2,889,000 | 28,439,000 | 4,503,000 | -804,000 | -22,892,000 | -9,075,000 | 2,424,000 | 2,987,000 | 2,028,000 | 2,790,000 | 5,741,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -1,783,000 | -400,000 | -501,000 | -258,000 | 2,889,000 | 28,439,000 | 4,503,000 | -804,000 | -22,892,000 | -9,075,000 | 2,424,000 | 2,987,000 | 2,028,000 | 2,790,000 | 5,741,000 |
Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
Number Of Employees | |||||||||||||||
EBITDA* | -2,087,000 | -459,000 | -501,000 | -258,000 | 2,833,000 | -7,000 | -3,497,000 | -810,000 | -514,000 | 1,733,000 | 2,381,000 | 2,947,000 | 2,027,000 | 2,791,000 | 5,736,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024 | Mar 2023 | 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 | 7,046,000 | 19,477,000 | 61,896,000 | 77,798,000 | 82,224,000 | 94,304,000 | 134,624,000 | 149,803,000 | 162,132,000 | 175,245,000 | 186,081,000 | 196,169,000 | 206,914,000 | 219,806,000 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 7,046,000 | 19,477,000 | 61,896,000 | 77,798,000 | 82,224,000 | 0 | 134,624,000 | 149,803,000 | 162,132,000 | 175,245,000 | 186,081,000 | 0 | 0 | 219,806,000 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 94,304,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 7,046,000 | 19,477,000 | 61,896,000 | 77,798,000 | 82,224,000 | 94,304,000 | 134,624,000 | 149,803,000 | 162,132,000 | 175,245,000 | 186,081,000 | 196,169,000 | 206,914,000 | 219,806,000 | 0 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 167,000 | 868,000 | 1,067,000 | 1,085,000 | 833,000 | 560,000 | 731,000 | 718,000 | 591,000 | 706,000 | 485,000 | 572,000 | 58,000 | 308,000 | 1,165,000 |
Cash | 7,434,000 | 5,502,000 | 5,619,000 | 3,312,000 | 2,587,000 | 5,008,000 | 1,432,000 | 1,441,000 | 1,759,000 | 21,780,000 | 21,837,000 | 22,037,000 | 2,328,000 | 2,796,000 | 3,202,000 |
misc current assets | 20,995,000 | 32,828,000 | 13,665,000 | 19,326,000 | 30,639,000 | 33,074,000 | 8,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 241,822,000 |
total current assets | 28,596,000 | 39,198,000 | 20,351,000 | 23,723,000 | 34,059,000 | 38,642,000 | 10,163,000 | 2,159,000 | 2,350,000 | 22,486,000 | 22,322,000 | 22,609,000 | 2,386,000 | 3,104,000 | 246,189,000 |
total assets | 35,642,000 | 58,675,000 | 82,247,000 | 101,521,000 | 116,283,000 | 132,946,000 | 144,787,000 | 151,962,000 | 164,482,000 | 197,731,000 | 208,403,000 | 218,778,000 | 209,300,000 | 222,910,000 | 246,189,000 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,000,000 | 20,000,000 | 20,000,000 | 0 | 0 | 0 |
Trade Creditors | 406,000 | 399,000 | 424,000 | 488,000 | 408,000 | 571,000 | 403,000 | 295,000 | 429,000 | 258,000 | 204,000 | 247,000 | 789,000 | 560,000 | 256,000 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 20,402,000 | 32,235,000 | 13,072,000 | 18,644,000 | 29,887,000 | 28,574,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 4,298,000 | 3,012,000 | 2,469,000 | 2,287,000 | 2,168,000 | 5,659,000 | 883,000 | 632,000 | 411,000 | 151,000 | 158,000 | 160,000 | 182,000 | 603,000 | 742,000 |
total current liabilities | 25,106,000 | 35,646,000 | 15,965,000 | 21,419,000 | 32,463,000 | 34,804,000 | 1,286,000 | 927,000 | 840,000 | 20,409,000 | 20,362,000 | 20,407,000 | 971,000 | 1,163,000 | 998,000 |
loans | 48,840,000 | 70,260,000 | 155,966,000 | 182,604,000 | 189,524,000 | 223,946,000 | 303,808,000 | 327,882,000 | 351,488,000 | 377,852,000 | 402,852,000 | 214,180,000 | 454,250,000 | 242,571,000 | 268,805,000 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 66,500,000 | 66,500,000 | 66,500,000 | 21,712,000 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 24,420,000 | 35,130,000 | 77,983,000 | 91,302,000 | 94,762,000 | 111,973,000 | 185,154,000 | 197,191,000 | 208,994,000 | 199,782,000 | 201,426,000 | 214,180,000 | 227,125,000 | 242,571,000 | 268,805,000 |
total liabilities | 49,526,000 | 70,776,000 | 93,948,000 | 112,721,000 | 127,225,000 | 146,777,000 | 186,440,000 | 198,118,000 | 209,834,000 | 220,191,000 | 221,788,000 | 234,587,000 | 228,096,000 | 243,734,000 | 269,803,000 |
net assets | -13,884,000 | -12,101,000 | -11,701,000 | -11,200,000 | -10,942,000 | -13,831,000 | -41,653,000 | -46,156,000 | -45,352,000 | -22,460,000 | -13,385,000 | -15,809,000 | -18,796,000 | -20,824,000 | -23,614,000 |
total shareholders funds | -13,884,000 | -12,101,000 | -11,701,000 | -11,200,000 | -10,942,000 | -13,831,000 | -41,653,000 | -46,156,000 | -45,352,000 | -22,460,000 | -13,385,000 | -15,809,000 | -18,796,000 | -20,824,000 | -23,614,000 |
Mar 2024 | Mar 2023 | 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 | -2,087,000 | -459,000 | -501,000 | -258,000 | 2,833,000 | -7,000 | -3,497,000 | -810,000 | -514,000 | 1,733,000 | 2,381,000 | 2,947,000 | 2,027,000 | 2,791,000 | 5,736,000 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,000 | -3,000 | -3,000 | -3,000 | -5,000 | -3,000 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -701,000 | -199,000 | -18,000 | 252,000 | -94,031,000 | 94,133,000 | 13,000 | 127,000 | -115,000 | 221,000 | -87,000 | 514,000 | -250,000 | -857,000 | 1,165,000 |
Creditors | 7,000 | -25,000 | -64,000 | 80,000 | -163,000 | 168,000 | 108,000 | -134,000 | 171,000 | 54,000 | -43,000 | -542,000 | 229,000 | 304,000 | 256,000 |
Accruals and Deferred Income | 1,286,000 | 543,000 | 182,000 | 119,000 | -3,491,000 | 4,776,000 | 251,000 | 221,000 | 260,000 | -7,000 | -2,000 | -22,000 | -421,000 | -139,000 | 742,000 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -66,500,000 | 0 | 0 | 44,788,000 | 21,712,000 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -93,000 | 258,000 | -365,000 | -311,000 | 93,210,000 | -155,696,000 | -3,151,000 | -850,000 | 44,820,000 | 23,268,000 | 2,420,000 | 1,866,000 | 2,082,000 | 3,808,000 | 5,566,000 |
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | -12,431,000 | -42,419,000 | -15,902,000 | -4,426,000 | 82,224,000 | -134,624,000 | -15,179,000 | -12,329,000 | -13,113,000 | -10,836,000 | 186,081,000 | 0 | -219,806,000 | 219,806,000 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20,000,000 | 0 | 0 | 20,000,000 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | -11,833,000 | 19,163,000 | -5,572,000 | -11,243,000 | 1,313,000 | 28,574,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -21,420,000 | -85,706,000 | -26,638,000 | -6,920,000 | -34,422,000 | -79,862,000 | -24,074,000 | -23,606,000 | -26,364,000 | -25,000,000 | 188,672,000 | -240,070,000 | 211,679,000 | -26,234,000 | 268,805,000 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 304,000 | 59,000 | 0 | 0 | 56,000 | 0 | 0 | 6,000 | 16,000 | 51,000 | 46,000 | 0 | 0 | 4,000 | 8,000 |
cash flow from financing | -32,949,000 | -66,484,000 | -32,210,000 | -18,163,000 | -33,053,000 | -51,905,000 | -24,074,000 | -23,600,000 | -46,348,000 | -24,949,000 | 188,718,000 | -220,070,000 | 211,679,000 | -26,230,000 | 239,458,000 |
cash and cash equivalents | |||||||||||||||
cash | 1,932,000 | -117,000 | 2,307,000 | 725,000 | -2,421,000 | 3,576,000 | -9,000 | -318,000 | -20,021,000 | -57,000 | -200,000 | 19,709,000 | -468,000 | -406,000 | 3,202,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 1,932,000 | -117,000 | 2,307,000 | 725,000 | -2,421,000 | 3,576,000 | -9,000 | -318,000 | -20,021,000 | -57,000 | -200,000 | 19,709,000 | -468,000 | -406,000 | 3,202,000 |
honours plc Credit Report and Business Information
Honours Plc Competitor Analysis
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Perform a competitor analysis for honours plc by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in EC2R area or any other competitors across 12 key performance metrics.
honours plc Ownership
HONOURS PLC group structure
Honours Plc has no subsidiary companies.
Ultimate parent company
2 parents
HONOURS PLC
03702189
honours plc directors
Honours Plc currently has 1 director, Mr Daniel Wynne serving since Mar 2017.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Daniel Wynne | 54 years | Mar 2017 | - | Director |
P&L
March 2024turnover
3.9m
-2%
operating profit
-2.1m
+355%
gross margin
-9.3%
-133.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-13.9m
+0.15%
total assets
35.6m
-0.39%
cash
7.4m
+0.35%
net assets
Total assets minus all liabilities
honours plc company details
company number
03702189
Type
Public limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
January 1999
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
honours limited (March 1999)
amberpaper limited (March 1999)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
third floor 1 king's arms yard, london, EC2R 7AF
Bank
-
Legal Advisor
-
honours plc 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 honours plc. Currently there are 1 open charges and 2 have been satisfied in the past.
honours plc 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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honours plc Companies House Filings - See Documents
date | description | view/download |
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