hi-bond tapes limited

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hi-bond tapes limited Company Information

Share HI-BOND TAPES LIMITED

Company Number

03985595

Shareholders

malcolm john fairbairn

catherine fairbairn

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Group Structure

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Industry

Manufacture of other non-metallic mineral products n.e.c.

 

Registered Address

1a crucible road, pheonix parkway corby, northamptonshire, NN17 5TS

hi-bond tapes limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of HI-BOND TAPES LIMITED at £1.8m based on a Turnover of £3.8m and 0.46x industry multiple (adjusted for size and gross margin).

hi-bond tapes limited Estimated Valuation

£976.3k

Pomanda estimates the enterprise value of HI-BOND TAPES LIMITED at £976.3k based on an EBITDA of £315.4k and a 3.1x industry multiple (adjusted for size and gross margin).

hi-bond tapes limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of HI-BOND TAPES LIMITED at £3.2m based on Net Assets of £1.7m and 1.88x industry multiple (adjusted for liquidity).

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Hi-bond Tapes Limited Overview

Hi-bond Tapes Limited is a live company located in northamptonshire, NN17 5TS with a Companies House number of 03985595. It operates in the manufacture of other non-metallic mineral products n.e.c. sector, SIC Code 23990. Founded in May 2000, it's largest shareholder is malcolm john fairbairn with a 52.9% stake. Hi-bond Tapes Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with healthy growth in recent years.

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Hi-bond Tapes Limited Health Check

Pomanda's financial health check has awarded Hi-Bond Tapes Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £3.8m, make it smaller than the average company (£30.1m)

£3.8m - Hi-bond Tapes Limited

£30.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (9%)

8% - Hi-bond Tapes Limited

9% - Industry AVG

production

Production

with a gross margin of 17.1%, this company has a higher cost of product (23.4%)

17.1% - Hi-bond Tapes Limited

23.4% - Industry AVG

profitability

Profitability

an operating margin of 8% make it more profitable than the average company (5.9%)

8% - Hi-bond Tapes Limited

5.9% - Industry AVG

employees

Employees

with 14 employees, this is below the industry average (59)

14 - Hi-bond Tapes Limited

59 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.6k, the company has an equivalent pay structure (£50.6k)

£50.6k - Hi-bond Tapes Limited

£50.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £274.5k, this is less efficient (£332.1k)

£274.5k - Hi-bond Tapes Limited

£332.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 67 days, this is later than average (45 days)

67 days - Hi-bond Tapes Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 73 days, this is slower than average (39 days)

73 days - Hi-bond Tapes Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 138 days, this is more than average (48 days)

138 days - Hi-bond Tapes Limited

48 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 48 weeks, this is more cash available to meet short term requirements (13 weeks)

48 weeks - Hi-bond Tapes Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 36.9%, this is a lower level of debt than the average (51.8%)

36.9% - Hi-bond Tapes Limited

51.8% - Industry AVG

HI-BOND TAPES LIMITED financials

EXPORTms excel logo

Hi-Bond Tapes Limited's latest turnover from October 2023 is estimated at £3.8 million and the company has net assets of £1.7 million. According to their latest financial statements, Hi-Bond Tapes Limited has 14 employees and maintains cash reserves of £592.1 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
Turnover3,843,0712,863,8782,602,2183,065,8403,335,7762,897,2662,860,0512,702,3472,379,8972,866,3182,418,0802,487,7402,290,7162,406,995
Other Income Or Grants
Cost Of Sales3,187,6412,440,4062,211,1922,565,1632,815,5062,360,4652,369,0072,222,9422,035,5032,360,6612,060,0932,100,4811,927,1521,932,006
Gross Profit655,430423,472391,025500,677520,270536,802491,044479,405344,394505,657357,987387,259363,564474,988
Admin Expenses348,629353,792116,0671,307,782385,935300,322288,946490,423266,344301,071201,562265,270139,113305,829-936,153
Operating Profit306,80169,680274,958-807,105134,335236,480202,098-11,01878,050204,586156,425121,989224,451169,159936,153
Interest Payable
Interest Receivable27,91112,8725625424,6034,6031,6551,4872,0881,5681,057855770358111
Pre-Tax Profit334,71282,552275,520-806,563138,938241,083203,753-9,53180,138206,154157,482122,843225,220169,517936,264
Tax-83,678-15,685-52,349-26,398-45,806-38,713-16,027-43,292-36,221-29,482-58,557-47,465-262,154
Profit After Tax251,03466,867223,171-806,563112,540195,277165,040-9,53164,110162,862121,26193,361166,663122,052674,110
Dividends Paid
Retained Profit251,03466,867223,171-806,563112,540195,277165,040-9,53164,110162,862121,26193,361166,663122,052674,110
Employee Costs708,999677,301514,273639,045728,379794,932714,544618,000209,565247,215205,537194,481154,347212,622
Number Of Employees1414131618181614565546
EBITDA*315,35287,158294,625-782,699162,962270,530240,02621,438113,298242,337189,108155,518250,728201,761972,237

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Tangible Assets123,33092,024102,691119,970139,490163,295192,470167,769169,935175,369190,302167,516128,228137,762152,154
Intangible Assets
Investments & Other
Debtors (Due After 1 year)3,29112,57421,773
Total Fixed Assets123,33092,024102,691119,970142,781175,869214,243167,769169,935175,369190,302167,516128,228137,762152,154
Stock & work in progress1,210,3891,161,9511,092,6361,096,0261,177,2191,031,886959,547791,193698,703691,415724,184687,825758,058566,684531,991
Trade Debtors715,362541,388526,406539,571532,501473,044407,107418,216430,785654,084443,915466,997386,235539,072284,810
Group Debtors
Misc Debtors35,64033,83438,80421,67119,80022,515
Cash592,074471,184672,975450,733632,364595,218632,284691,550497,826337,320290,057132,668209,16698,69844,361
misc current assets26,71621,36030,807
total current assets2,553,4652,208,3572,330,8212,108,0012,361,8842,126,8642,042,8131,931,7661,627,3141,682,8191,458,1561,287,4901,353,4591,204,454861,162
total assets2,676,7952,300,3812,433,5122,227,9712,504,6652,302,7332,257,0562,099,5351,797,2491,858,1881,648,4581,455,0061,481,6871,342,2161,013,316
Bank overdraft
Bank loan
Trade Creditors 640,283431,611550,381448,826469,227250,969357,327536,296281,234406,925359,142291,838413,292439,428232,677
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities130,357155,634
total current liabilities640,283431,611550,381448,826469,227381,326512,961536,296281,234406,925359,142291,838413,292439,428232,677
loans
hp & lease commitments
Accruals and Deferred Income43,27155,70561,848101,39759,58054,60767,96854,019
other liabilities283,592359,857433,349510,218
provisions19,89514,48816,08118,84820,61324,09528,69926,83224,09623,45424,36919,48218,07019,12619,029
total long term liabilities346,758430,050511,278630,46380,19378,70296,66780,85124,09623,45424,36919,48218,07019,12619,029
total liabilities987,041861,6611,061,6591,079,289549,420460,028609,628617,147305,330430,379383,511311,320431,362458,554251,706
net assets1,689,7541,438,7201,371,8531,148,6821,955,2451,842,7051,647,4281,482,3881,491,9191,427,8091,264,9471,143,6861,050,325883,662761,610
total shareholders funds1,689,7541,438,7201,371,8531,148,6821,955,2451,842,7051,647,4281,482,3881,491,9191,427,8091,264,9471,143,6861,050,325883,662761,610
Oct 2023Oct 2022Oct 2021Oct 2020Oct 2019Oct 2018Oct 2017Oct 2016Oct 2015Oct 2014Oct 2013Oct 2012Oct 2011Oct 2010Oct 2009
Operating Activities
Operating Profit306,80169,680274,958-807,105134,335236,480202,098-11,01878,050204,586156,425121,989224,451169,159936,153
Depreciation8,55117,47819,66724,40628,62734,05037,92832,45635,24837,75132,68333,52926,27732,60236,084
Amortisation
Tax-83,678-15,685-52,349-26,398-45,806-38,713-16,027-43,292-36,221-29,482-58,557-47,465-262,154
Stock48,43869,315-3,390-81,193145,33372,339168,35492,4907,288-32,76936,359-70,233191,37434,693531,991
Debtors175,78010,0123,9685,65069,97434,22333,179-12,569-223,299210,169-23,08280,762-152,837254,262284,810
Creditors208,672-118,770101,555-20,401218,258-106,358-178,969255,062-125,69147,78367,304-121,454-26,136206,751232,677
Accruals and Deferred Income-12,434-6,143-39,54941,817-125,384-38,638169,58354,019
Deferred Taxes & Provisions5,407-1,593-2,767-1,765-3,482-4,6041,8672,736642-9154,8871,412-1,0569719,029
Cash flow from operations209,101-134,360300,937-687,50510,649-31,438-7,739253,334188,23368,513211,801-4,535126,44272,189144,988
Investing Activities
capital expenditure-39,857-6,811-2,388-4,886-4,822-4,875-62,629-30,290-29,814-22,818-55,469-72,817-16,743-18,210-188,238
Change in Investments
cash flow from investments-39,857-6,811-2,388-4,886-4,822-4,875-62,629-30,290-29,814-22,818-55,469-72,817-16,743-18,210-188,238
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-76,265-73,492-76,869510,218
share issue87,500
interest27,91112,8725625424,6034,6031,6551,4872,0881,5681,057855770358111
cash flow from financing-48,354-60,620-76,307510,7604,6034,6031,6551,4872,0881,5681,05785577035887,611
cash and cash equivalents
cash120,890-201,791222,242-181,63137,146-37,066-59,266193,724160,50647,263157,389-76,498110,46854,33744,361
overdraft
change in cash120,890-201,791222,242-181,63137,146-37,066-59,266193,724160,50647,263157,389-76,498110,46854,33744,361

hi-bond tapes 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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Hi-bond Tapes Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for hi-bond tapes limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in NN17 area or any other competitors across 12 key performance metrics.

hi-bond tapes limited Ownership

HI-BOND TAPES LIMITED group structure

Hi-Bond Tapes Limited has no subsidiary companies.

Ultimate parent company

HI-BOND TAPES LIMITED

03985595

HI-BOND TAPES LIMITED Shareholders

malcolm john fairbairn 52.87%
catherine fairbairn 34.48%
alexander fairbairn 6.9%
deborah ashby 5.75%

hi-bond tapes limited directors

Hi-Bond Tapes Limited currently has 2 directors. The longest serving directors include Mr Malcolm Fairbairn (May 2000) and Mr Mark Zinopoulos (Jun 2018).

officercountryagestartendrole
Mr Malcolm Fairbairn69 years May 2000- Director
Mr Mark ZinopoulosEngland56 years Jun 2018- Director

P&L

October 2023

turnover

3.8m

+34%

operating profit

306.8k

0%

gross margin

17.1%

+15.34%

turnover

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

Balance Sheet

October 2023

net assets

1.7m

+0.17%

total assets

2.7m

+0.16%

cash

592.1k

+0.26%

net assets

Total assets minus all liabilities

hi-bond tapes limited company details

company number

03985595

Type

Private limited with Share Capital

industry

23990 - Manufacture of other non-metallic mineral products n.e.c.

incorporation date

May 2000

age

25

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

October 2023

previous names

N/A

accountant

-

auditor

-

address

1a crucible road, pheonix parkway corby, northamptonshire, NN17 5TS

Bank

YORKSHIRE BANK PLC

Legal Advisor

-

hi-bond tapes 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 5 charges/mortgages relating to hi-bond tapes limited. Currently there are 3 open charges and 2 have been satisfied in the past.

hi-bond tapes 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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hi-bond tapes limited Companies House Filings - See Documents

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