honours plc

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honours plc Company Information

Share HONOURS PLC

Company Number

03702189

Directors

Daniel Wynne

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

honours plc Estimated Valuation

£902.6k

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

£0

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

£0

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

Health Check Image
Health Rating1.5out of 5
positive_score

1 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £3.9m, make it in line with the average company (£3.7m)

£3.9m - Honours Plc

£3.7m - Industry AVG

growth

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

production

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

profitability

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

employees

Employees

with 27 employees, this is above the industry average (22)

27 - Honours Plc

22 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Honours Plc

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £145k, this is equally as efficient (£146.2k)

£145k - Honours Plc

£146.2k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Honours Plc

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 34 days, this is close to average (32 days)

34 days - Honours Plc

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Honours Plc

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover3,915,0004,004,0003,138,0004,445,0006,335,0006,158,0003,380,0005,915,0007,304,0006,642,0006,859,0007,870,0008,123,0007,953,00012,181,000
Other Income Or Grants000000000000000
Cost Of Sales4,281,0002,881,0001,261,0001,255,0002,154,0002,176,0001,833,0001,966,0002,392,0002,566,0002,700,0002,961,0002,958,0002,607,0003,015,000
Gross Profit-366,0001,123,0001,877,0003,190,0004,181,0003,982,0001,547,0003,949,0004,912,0004,076,0004,159,0004,909,0005,165,0005,346,0009,166,000
Admin Expenses1,721,0001,582,0002,378,0003,448,0001,348,0003,989,0005,044,0004,759,0005,426,0002,343,0001,778,0001,962,0003,138,0002,555,0003,430,000
Operating Profit-2,087,000-459,000-501,000-258,0002,833,000-7,000-3,497,000-810,000-514,0001,733,0002,381,0002,947,0002,027,0002,791,0005,736,000
Interest Payable000000000000000
Interest Receivable304,00059,0000056,000006,00016,00051,00046,000004,0008,000
Pre-Tax Profit-1,783,000-400,000-501,000-258,0002,889,00028,439,0004,503,000-804,000-22,892,000-9,072,0002,427,0002,990,0002,031,0002,795,0005,744,000
Tax000000000-3,000-3,000-3,000-3,000-5,000-3,000
Profit After Tax-1,783,000-400,000-501,000-258,0002,889,00028,439,0004,503,000-804,000-22,892,000-9,075,0002,424,0002,987,0002,028,0002,790,0005,741,000
Dividends Paid000000000000000
Retained Profit-1,783,000-400,000-501,000-258,0002,889,00028,439,0004,503,000-804,000-22,892,000-9,075,0002,424,0002,987,0002,028,0002,790,0005,741,000
Employee Costs0000001,019,1411,776,1992,065,4311,846,4681,940,0592,192,4002,290,68803,394,078
Number Of Employees272925385049285058525563666796
EBITDA*-2,087,000-459,000-501,000-258,0002,833,000-7,000-3,497,000-810,000-514,0001,733,0002,381,0002,947,0002,027,0002,791,0005,736,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets7,046,00019,477,00061,896,00077,798,00082,224,00094,304,000134,624,000149,803,000162,132,000175,245,000186,081,000196,169,000206,914,000219,806,0000
Intangible Assets000000000000000
Investments & Other7,046,00019,477,00061,896,00077,798,00082,224,0000134,624,000149,803,000162,132,000175,245,000186,081,00000219,806,0000
Debtors (Due After 1 year)0000094,304,000000000000
Total Fixed Assets7,046,00019,477,00061,896,00077,798,00082,224,00094,304,000134,624,000149,803,000162,132,000175,245,000186,081,000196,169,000206,914,000219,806,0000
Stock & work in progress000000000000000
Trade Debtors000000000000000
Group Debtors000000000000000
Misc Debtors167,000868,0001,067,0001,085,000833,000560,000731,000718,000591,000706,000485,000572,00058,000308,0001,165,000
Cash7,434,0005,502,0005,619,0003,312,0002,587,0005,008,0001,432,0001,441,0001,759,00021,780,00021,837,00022,037,0002,328,0002,796,0003,202,000
misc current assets20,995,00032,828,00013,665,00019,326,00030,639,00033,074,0008,000,0000000000241,822,000
total current assets28,596,00039,198,00020,351,00023,723,00034,059,00038,642,00010,163,0002,159,0002,350,00022,486,00022,322,00022,609,0002,386,0003,104,000246,189,000
total assets35,642,00058,675,00082,247,000101,521,000116,283,000132,946,000144,787,000151,962,000164,482,000197,731,000208,403,000218,778,000209,300,000222,910,000246,189,000
Bank overdraft000000000000000
Bank loan00000000020,000,00020,000,00020,000,000000
Trade Creditors 406,000399,000424,000488,000408,000571,000403,000295,000429,000258,000204,000247,000789,000560,000256,000
Group/Directors Accounts000000000000000
other short term finances20,402,00032,235,00013,072,00018,644,00029,887,00028,574,000000000000
hp & lease commitments000000000000000
other current liabilities4,298,0003,012,0002,469,0002,287,0002,168,0005,659,000883,000632,000411,000151,000158,000160,000182,000603,000742,000
total current liabilities25,106,00035,646,00015,965,00021,419,00032,463,00034,804,0001,286,000927,000840,00020,409,00020,362,00020,407,000971,0001,163,000998,000
loans48,840,00070,260,000155,966,000182,604,000189,524,000223,946,000303,808,000327,882,000351,488,000377,852,000402,852,000214,180,000454,250,000242,571,000268,805,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions00000066,500,00066,500,00066,500,00021,712,00000000
total long term liabilities24,420,00035,130,00077,983,00091,302,00094,762,000111,973,000185,154,000197,191,000208,994,000199,782,000201,426,000214,180,000227,125,000242,571,000268,805,000
total liabilities49,526,00070,776,00093,948,000112,721,000127,225,000146,777,000186,440,000198,118,000209,834,000220,191,000221,788,000234,587,000228,096,000243,734,000269,803,000
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 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-2,087,000-459,000-501,000-258,0002,833,000-7,000-3,497,000-810,000-514,0001,733,0002,381,0002,947,0002,027,0002,791,0005,736,000
Depreciation000000000000000
Amortisation000000000000000
Tax000000000-3,000-3,000-3,000-3,000-5,000-3,000
Stock000000000000000
Debtors-701,000-199,000-18,000252,000-94,031,00094,133,00013,000127,000-115,000221,000-87,000514,000-250,000-857,0001,165,000
Creditors7,000-25,000-64,00080,000-163,000168,000108,000-134,000171,00054,000-43,000-542,000229,000304,000256,000
Accruals and Deferred Income1,286,000543,000182,000119,000-3,491,0004,776,000251,000221,000260,000-7,000-2,000-22,000-421,000-139,000742,000
Deferred Taxes & Provisions00000-66,500,0000044,788,00021,712,00000000
Cash flow from operations-93,000258,000-365,000-311,00093,210,000-155,696,000-3,151,000-850,00044,820,00023,268,0002,420,0001,866,0002,082,0003,808,0005,566,000
Investing Activities
capital expenditure12,431,00042,419,00015,902,0004,426,00012,080,00040,320,00015,179,00012,329,00013,113,00010,836,00010,088,00010,745,00012,892,000-219,806,0000
Change in Investments-12,431,000-42,419,000-15,902,000-4,426,00082,224,000-134,624,000-15,179,000-12,329,000-13,113,000-10,836,000186,081,0000-219,806,000219,806,0000
cash flow from investments24,862,00084,838,00031,804,0008,852,000-70,144,000174,944,00030,358,00024,658,00026,226,00021,672,000-175,993,00010,745,000232,698,000-439,612,0000
Financing Activities
Bank loans00000000-20,000,0000020,000,000000
Group/Directors Accounts000000000000000
Other Short Term Loans -11,833,00019,163,000-5,572,000-11,243,0001,313,00028,574,000000000000
Long term loans-21,420,000-85,706,000-26,638,000-6,920,000-34,422,000-79,862,000-24,074,000-23,606,000-26,364,000-25,000,000188,672,000-240,070,000211,679,000-26,234,000268,805,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00000-617,00000000000-29,355,000
interest304,00059,0000056,000006,00016,00051,00046,000004,0008,000
cash flow from financing-32,949,000-66,484,000-32,210,000-18,163,000-33,053,000-51,905,000-24,074,000-23,600,000-46,348,000-24,949,000188,718,000-220,070,000211,679,000-26,230,000239,458,000
cash and cash equivalents
cash1,932,000-117,0002,307,000725,000-2,421,0003,576,000-9,000-318,000-20,021,000-57,000-200,00019,709,000-468,000-406,0003,202,000
overdraft000000000000000
change in cash1,932,000-117,0002,307,000725,000-2,421,0003,576,000-9,000-318,000-20,021,000-57,000-200,00019,709,000-468,000-406,0003,202,000

honours plc 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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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 Shareholders

honours (holdings) ltd 100%
wilmington trust sp services (london) ltd 0%

honours plc directors

Honours Plc currently has 1 director, Mr Daniel Wynne serving since Mar 2017.

officercountryagestartendrole
Mr Daniel Wynne54 years Mar 2017- Director

P&L

March 2024

turnover

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 2024

net 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.

Click to start generating capital raising & share issue transactions for HONOURS PLC. This can take several minutes, an email will notify you when this has completed.

honours plc Companies House Filings - See Documents

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