Hg Ventures Ltd

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hg ventures ltd Company Information

Live

MatureSmallHigh

Company Number

03978209

Website

http://totalbathrooms.co.uk

Registered Address

unit 2, brassmill lane trading estate, bath, BA1 3JF

Industry

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

Telephone

01225462727

Next Accounts Due

December 2024

Group Structure

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Directors

Peter Hirsch24 Years

Danny Greatwood24 Years

Shareholders

maria hirsch 66.5%

peter hirsch 24.7%

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hg ventures ltd Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of HG VENTURES LTD at £3.7m based on Net Assets of £1.1m and 3.23x industry multiple (adjusted for liquidity).

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Hg Ventures Ltd is a live company located in bath, BA1 3JF with a Companies House number of 03978209. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in April 2000, it's largest shareholder is maria hirsch with a 66.4% stake. Hg Ventures Ltd is a mature, small sized company, Pomanda has estimated its turnover at £784k with high growth in recent years.

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Pomanda's financial health check has awarded Hg Ventures Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £784k, make it smaller than the average company (£6.4m)

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (3.7%)

EXPORT

Hg Ventures Ltd's latest turnover from March 2023 is estimated at £784 thousand and the company has net assets of £1.1 million. According to their latest financial statements, Hg Ventures Ltd has 18 employees and maintains cash reserves of £994.8 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	783,978	724,515	549,970	465,381	550,574	544,730	500,499	647,114	403,127	363,259	396,642	466,656	333,059	558,421
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	553,044	509,163	404,901	339,743	391,282	385,234	358,867	472,249	297,568	272,662	288,259	338,960	239,677	399,315
Gross Profit	230,934	215,353	145,069	125,638	159,292	159,496	141,632	174,865	105,559	90,596	108,383	127,696	93,382	159,106
Admin Expenses	-108,523	20,645	21,729	-63,297	40,538	96,559	51,730	97,294	235,054	-202,701	67,781	79,622	89,233	372,964
Operating Profit	339,457	194,708	123,340	188,935	118,754	62,937	89,902	77,571	-129,495	293,297	40,602	48,074	4,149	-213,858
Interest Payable	13,667	11,455	5,730	0	0	650	625	0	0	0	0	0	0	0
Interest Receivable	37,840	4,877	460	377	1,780	961	549	733	321	191	465	526	382	170
Pre-Tax Profit	363,631	188,131	118,070	189,312	120,533	63,248	89,826	78,304	-129,174	293,488	41,067	48,600	4,531	-213,688
Tax	-69,090	-35,745	-22,433	-35,969	-22,901	-12,017	-17,965	-15,661	0	-67,502	-9,856	-12,636	-1,269	0
Profit After Tax	294,541	152,386	95,637	153,343	97,632	51,231	71,861	62,643	-129,174	225,986	31,211	35,964	3,262	-213,688
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	294,541	152,386	95,637	153,343	97,632	51,231	71,861	62,643	-129,174	225,986	31,211	35,964	3,262	-213,688
Employee Costs	457,087	420,761	400,567	395,774	444,942	431,681	414,394	429,276	40,722	40,722	40,138	58,949	37,566	56,113
Number Of Employees	18	18	18	18	20	20	19	20	2	2	2	3	2	3
EBITDA*	355,243	205,351	136,824	204,599	133,849	85,680	101,352	90,465	-119,852	298,607	44,355	51,392	15,725	-190,513

* 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	357,022	331,954	330,884	61,135	56,330	75,191	38,253	42,885	34,034	28,676	25,911	12,689	8,461	66,334
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	4,761	4,761	4,761	4,761	4,761	4,761	4,761	4,761	4,761	4,761	4,761
Debtors (Due After 1 year)	0	0	0	90,000	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	357,022	331,954	330,884	155,896	61,091	79,952	43,014	47,646	38,795	33,437	30,672	17,450	13,222	71,095
Stock & work in progress	224,312	203,149	219,815	175,302	171,195	182,412	121,601	244,771	259,198	220,018	190,252	203,749	220,534	291,811
Trade Debtors	36,390	57,019	45,195	16,990	43,991	41,351	18,869	0	838	13,673	6,053	8,404	8,039	28,411
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	23,301	2,470	68,709	18,023	6,095	0	0	0	0	0	0
Cash	994,820	785,896	514,638	405,814	348,413	126,160	258,418	181,062	112,031	16,177	60,297	125,881	84,548	68,195
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,255,522	1,046,064	779,648	621,407	566,069	418,632	416,911	431,928	372,067	249,868	256,602	338,034	313,121	388,417
total assets	1,612,544	1,378,018	1,110,532	777,303	627,160	498,584	459,925	479,574	410,862	283,305	287,274	355,484	326,343	459,512
Bank overdraft	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	0	0	0	0	0
Trade Creditors	364,195	387,847	236,383	81,462	83,562	68,486	81,510	75,634	236,989	180,167	215,214	251,006	163,952	267,383
Group/Directors Accounts	0	0	0	2,453	2,389	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	1,092	4,887	9,646	14,405	19,163	0	0	0	0	0	0
other current liabilities	0	0	0	101,714	99,083	80,845	55,633	148,261	0	0	0	0	0	0
total current liabilities	364,195	387,847	236,383	186,721	189,921	158,977	151,548	243,058	236,989	180,167	215,214	251,006	163,952	267,383
loans	115,152	151,515	187,879	0	0	0	20,000	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	20,000	20,000	20,000	214,908	278,537	372,417	405,417
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	115,152	151,515	187,879	0	0	0	20,000	20,000	20,000	20,000	214,908	278,537	372,417	405,417
total liabilities	479,347	539,362	424,262	186,721	189,921	158,977	171,548	263,058	256,989	200,167	430,122	529,543	536,369	672,800
net assets	1,133,197	838,656	686,270	590,582	437,239	339,607	288,377	216,516	153,873	83,138	-142,848	-174,059	-210,026	-213,288
total shareholders funds	1,133,197	838,656	686,270	590,582	437,239	339,607	288,377	216,516	153,873	83,138	-142,848	-174,059	-210,026	-213,288

	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	339,457	194,708	123,340	188,935	118,754	62,937	89,902	77,571	-129,495	293,297	40,602	48,074	4,149	-213,858
Depreciation	15,786	10,643	13,484	15,664	15,095	22,743	11,450	12,894	9,643	5,310	3,753	3,318	11,576	23,345
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-69,090	-35,745	-22,433	-35,969	-22,901	-12,017	-17,965	-15,661	0	-67,502	-9,856	-12,636	-1,269	0
Stock	21,163	-16,666	44,513	4,107	-11,217	60,811	-123,170	-14,427	39,180	29,766	-13,497	-16,785	-71,277	291,811
Debtors	-20,629	11,824	-85,096	83,830	-63,599	73,168	30,797	5,257	-12,835	7,620	-2,351	365	-20,372	28,411
Creditors	-23,652	151,464	154,921	-2,100	15,076	-13,024	5,876	-161,355	56,822	-35,047	-35,792	87,054	-103,431	267,383
Accruals and Deferred Income	0	0	-101,714	2,631	18,238	25,212	-92,628	148,261	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	261,967	325,912	208,181	81,224	219,078	-48,128	89,008	70,880	-89,375	158,672	14,555	142,230	2,674	-243,352
Investing Activities
capital expenditure	-40,854	-11,713	-283,233	-20,469	3,766	-59,681	-6,818	-21,745	-15,001	-8,075	-16,975	-7,546	46,297	-89,679
Change in Investments	0	0	-4,761	0	0	0	0	0	0	0	0	0	0	4,761
cash flow from investments	-40,854	-11,713	-278,472	-20,469	3,766	-59,681	-6,818	-21,745	-15,001	-8,075	-16,975	-7,546	46,297	-94,440
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-2,453	64	2,389	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-36,363	-36,364	187,879	0	0	-20,000	20,000	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-1,092	-3,795	-4,759	-4,759	-4,758	19,163	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-20,000	0	0	-194,908	-63,629	-93,880	-33,000	405,417
share issue	0	0	51	0	0	-1	0	0	199,909	0	0	3	0	400
interest	24,173	-6,578	-5,270	377	1,780	311	-76	733	321	191	465	526	382	170
cash flow from financing	-12,190	-42,942	179,115	-3,354	-590	-24,449	-4,834	19,896	200,230	-194,717	-63,164	-93,351	-32,618	405,987
cash and cash equivalents
cash	208,924	271,258	108,824	57,401	222,253	-132,258	77,356	69,031	95,854	-44,120	-65,584	41,333	16,353	68,195
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	208,924	271,258	108,824	57,401	222,253	-132,258	77,356	69,031	95,854	-44,120	-65,584	41,333	16,353	68,195

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for hg ventures ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in BA1 area or any other competitors across 12 key performance metrics.

HG VENTURES LTD group structure

Hg Ventures Ltd has no subsidiary companies.

Ultimate parent company

HG VENTURES LTD

03978209

HG VENTURES LTD Shareholders

maria hirsch	66.45%
peter hirsch	24.72%
danny greatwood	8.83%

Hg Ventures Ltd currently has 2 directors. The longest serving directors include Mr Peter Hirsch (Apr 2000) and Mr Danny Greatwood (Apr 2000).

officer	country	age	start	end	role
Mr Peter Hirsch	England	50 years	Apr 2000	-	Director
Mr Danny Greatwood		76 years	Apr 2000	-	Director

P&L

March 2023

turnover

784k

+8%

operating profit

339.5k

gross margin

29.5%

-0.9%

turnover

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

Balance Sheet

March 2023

net assets

1.1m

+0.35%

total assets

1.6m

+0.17%

cash

994.8k

+0.27%

net assets

Total assets minus all liabilities

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company number

03978209

Type

Private limited with Share Capital

industry

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

April 2000

accounts

Unaudited Abridged

ultimate parent company

None

previous names

total bathrooms limited (July 2004)

last accounts submitted

March 2023

address

unit 2, brassmill lane trading estate, bath, BA1 3JF

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 hg ventures ltd. Currently there are 1 open charges and 2 have been satisfied in the past.

hg ventures ltd Company Information

hg ventures ltd Estimated Valuation

hg ventures ltd Estimated Valuation

hg ventures ltd Estimated Valuation

Hg Ventures Ltd Overview

Hg Ventures Ltd Health Check

HG VENTURES LTD financials

hg ventures ltd Credit Report and Business Information

Hg Ventures Ltd Competitor Analysis

hg ventures ltd Ownership

hg ventures ltd directors

hg ventures ltd company details

hg ventures ltd Charges & Mortgages

hg ventures ltd Companies House Filings - See Documents