Hiteishee Limited

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hiteishee limited Company Information

Live

MatureSmallDeclining

Company Number

03957556

Next Accounts

Dec 2024

Industry

Other telecommunications activities

Computer consultancy activities

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Directors

Kumar Bhimjiyani

Shareholders

kumar bhimjiyani & vanisha bhimjiyani

Group Structure

View All

Contact

Registered Address

342 regents park road, finchley church end, london, uk, N3 2LJ

Website

www.hiteishee.co.uk

hiteishee limited Estimated Valuation

£468.4k

Pomanda estimates the enterprise value of HITEISHEE LIMITED at £468.4k based on a Turnover of £577.7k and 0.81x industry multiple (adjusted for size and gross margin).

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Hiteishee Limited is a live company located in london, N3 2LJ with a Companies House number of 03957556. It operates in the other telecommunications activities sector, SIC Code 61900. Founded in March 2000, it's largest shareholder is kumar bhimjiyani & vanisha bhimjiyani with a 100% stake. Hiteishee Limited is a mature, small sized company, Pomanda has estimated its turnover at £577.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Hiteishee Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £577.7k, make it smaller than the average company (£5.1m)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (5.8%)

EXPORT

Hiteishee Limited's latest turnover from March 2023 is estimated at £577.7 thousand and the company has net assets of -£113.3 thousand. According to their latest financial statements, Hiteishee Limited has 8 employees and maintains cash reserves of £34.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	577,720	681,516	603,402	782,067	1,348,313	986,878	572,086	327,137	679,561	547,449	531,755	638,722	812,133	804,014
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	313,078	375,420	322,149	403,277	671,420	490,921	275,833	158,047	338,932	264,738	249,969	308,780	386,395	380,379
Gross Profit	264,642	306,095	281,253	378,791	676,894	495,957	296,253	169,090	340,629	282,711	281,786	329,942	425,739	423,635
Admin Expenses	248,134	438,364	275,595	392,039	658,036	495,301	227,603	138,036	386,294	212,544	222,642	343,278	392,153	563,101
Operating Profit	16,508	-132,269	5,658	-13,248	18,858	656	68,650	31,054	-45,665	70,167	59,144	-13,336	33,586	-139,466
Interest Payable	3,579	2,919	1,800	701	370	0	0	0	0	0	0	0	0	0
Interest Receivable	768	314	47	6	50	67	28	46	193	185	129	273	329	172
Pre-Tax Profit	13,698	-134,874	3,906	-13,942	18,538	722	68,679	31,100	-45,472	70,352	59,274	-13,063	33,915	-139,295
Tax	-2,603	0	-742	0	-3,522	-137	-13,736	-6,220	0	-16,181	-14,226	0	-9,496	0
Profit After Tax	11,095	-134,874	3,164	-13,942	15,016	585	54,943	24,880	-45,472	54,171	45,048	-13,063	24,419	-139,295
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	11,095	-134,874	3,164	-13,942	15,016	585	54,943	24,880	-45,472	54,171	45,048	-13,063	24,419	-139,295
Employee Costs	456,464	435,274	411,612	450,503	1,037,439	932,448	360,661	156,580	259,962	198,178	185,382	232,707	319,855	310,388
Number Of Employees	8	8	8	9	20	18	7	3	5	4	4	5	7	7
EBITDA*	27,427	-122,527	14,625	-4,607	30,379	13,304	78,434	32,813	-43,320	73,294	63,300	-7,795	35,710	-137,495

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	32,754	42,216	26,902	25,925	34,566	37,945	29,352	5,276	7,035	9,380	12,468	16,624	6,374	8,414
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	32,754	42,216	26,902	25,925	34,566	37,945	29,352	5,276	7,035	9,380	12,468	16,624	6,374	8,414
Stock & work in progress	0	0	0	0	0	0	0	0	5,716	5,511	5,486	5,023	771	752
Trade Debtors	25,031	80,456	63,042	106,845	113,047	35,130	72,250	61,160	104,940	77,840	75,544	73,595	108,965	95,493
Group Debtors	4,921	4,921	4,921	4,921	4,921	4,921	4,921	4,921	0	0	0	0	0	0
Misc Debtors	12,228	24,188	0	2,959	2,959	13,989	9,794	3,110	0	0	0	0	0	0
Cash	34,099	2,046	81,777	12,790	0	13,418	13,246	9,458	9,007	68,378	5,645	46,103	62,959	68,598
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	76,279	111,611	149,740	127,515	120,927	67,458	100,211	78,649	119,663	151,729	86,675	124,721	172,695	164,843
total assets	109,033	153,827	176,642	153,440	155,493	105,403	129,563	83,925	126,698	161,109	99,143	141,345	179,069	173,257
Bank overdraft	0	0	0	12,000	10,975	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	77,367	50,269	45,937	62,030	69,014	40,589	36,399	30,604	200,889	189,828	182,033	269,283	293,944	312,551
Group/Directors Accounts	0	0	474	112	339	0	0	0	0	0	0	0	0	0
other short term finances	10,000	10,000	0	0	0	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
other current liabilities	114,657	188,477	72,776	72,007	53,932	58,597	87,532	102,632	0	0	0	0	0	0
total current liabilities	202,024	248,746	119,187	146,149	134,260	99,186	123,931	133,236	200,889	189,828	182,033	269,283	293,944	312,551
loans	20,333	29,500	47,000	0	0	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
Accruals and Deferred Income	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
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	20,333	29,500	47,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	222,357	278,246	166,187	146,149	134,260	99,186	123,931	133,236	200,889	189,828	182,033	269,283	293,944	312,551
net assets	-113,324	-124,419	10,455	7,291	21,233	6,217	5,632	-49,311	-74,191	-28,719	-82,890	-127,938	-114,875	-139,294
total shareholders funds	-113,324	-124,419	10,455	7,291	21,233	6,217	5,632	-49,311	-74,191	-28,719	-82,890	-127,938	-114,875	-139,294

	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	16,508	-132,269	5,658	-13,248	18,858	656	68,650	31,054	-45,665	70,167	59,144	-13,336	33,586	-139,466
Depreciation	10,919	9,742	8,967	8,641	11,521	12,648	9,784	1,759	2,345	3,127	4,156	5,541	2,124	1,971
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,603	0	-742	0	-3,522	-137	-13,736	-6,220	0	-16,181	-14,226	0	-9,496	0
Stock	0	0	0	0	0	0	0	-5,716	205	25	463	4,252	19	752
Debtors	-67,385	41,602	-46,762	-6,202	66,887	-32,925	17,774	-35,749	27,100	2,296	1,949	-35,370	13,472	95,493
Creditors	27,098	4,332	-16,093	-6,984	28,425	4,190	5,795	-170,285	11,061	7,795	-87,250	-24,661	-18,607	312,551
Accruals and Deferred Income	-73,820	115,701	769	18,075	-4,665	-28,935	-15,100	102,632	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	45,487	-44,096	45,321	12,686	-16,270	21,347	37,619	405	-59,564	62,587	-40,588	-1,338	-5,884	78,811
Investing Activities
capital expenditure	-1,457	-25,056	-9,944	0	-8,142	-21,241	-33,860	0	0	-39	0	-15,791	-84	-10,385
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,457	-25,056	-9,944	0	-8,142	-21,241	-33,860	0	0	-39	0	-15,791	-84	-10,385
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-474	362	-227	339	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	10,000	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,167	-17,500	47,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	-2,811	-2,605	-1,753	-695	-320	67	28	46	193	185	129	273	329	172
cash flow from financing	-11,978	-10,579	45,609	-922	19	67	28	46	193	185	129	273	329	173
cash and cash equivalents
cash	32,053	-79,731	68,987	12,790	-13,418	172	3,788	451	-59,371	62,733	-40,458	-16,856	-5,639	68,598
overdraft	0	0	-12,000	1,025	10,975	0	0	0	0	0	0	0	0	0
change in cash	32,053	-79,731	80,987	11,765	-24,393	172	3,788	451	-59,371	62,733	-40,458	-16,856	-5,639	68,598

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HITEISHEE LIMITED group structure

Hiteishee Limited has no subsidiary companies.

Ultimate parent company

HITEISHEE LIMITED

03957556

HITEISHEE LIMITED Shareholders

kumar bhimjiyani & vanisha bhimjiyani

100%

Hiteishee Limited currently has 1 director, Mr Kumar Bhimjiyani serving since Apr 2000.

officer	country	age	start	end	role
Mr Kumar Bhimjiyani	United Kingdom	52 years	Apr 2000	-	Director

P&L

March 2023

turnover

577.7k

-15%

operating profit

16.5k

gross margin

45.9%

+1.99%

turnover

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

Balance Sheet

March 2023

net assets

-113.3k

-0.09%

total assets

109k

-0.29%

cash

34.1k

+15.67%

net assets

Total assets minus all liabilities

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company number

03957556

Type

Private limited with Share Capital

industry

61900 - Other telecommunications activities

62020 - Computer consultancy activities

62090 - Other information technology and computer service activities

incorporation date

March 2000

ultimate parent company

None

previous names

N/A

address

342 regents park road, finchley church end, london, uk, N3 2LJ

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.

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hiteishee limited Company Information

hiteishee limited Estimated Valuation

hiteishee limited Estimated Valuation

hiteishee limited Estimated Valuation

Hiteishee Limited Overview

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HITEISHEE LIMITED financials

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