Hortec Grow With Technology Limited

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hortec grow with technology limited Company Information

Live

MatureSmallDeclining

Company Number

04075781

Website

www.hortec.co.uk

Registered Address

orchard farm nursery, lower tysoe, near warwick, warwickshire, CV35 0BU

Industry

Repair of fabricated metal products

Installation of industrial machinery and equipment

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Telephone

01295688422

Next Accounts Due

September 2025

Group Structure

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Directors

Steven Dunn2 Years

Benjamin Murphy2 Years

Shareholders

hortec engineering limited 100%

hortec grow with technology limited Estimated Valuation

£938.2k

Pomanda estimates the enterprise value of HORTEC GROW WITH TECHNOLOGY LIMITED at £938.2k based on Net Assets of £628.7k and 1.49x industry multiple (adjusted for liquidity).

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Hortec Grow With Technology Limited is a live company located in near warwick, CV35 0BU with a Companies House number of 04075781. It operates in the repair of fabricated metal products sector, SIC Code 33110. Founded in September 2000, it's largest shareholder is hortec engineering limited with a 100% stake. Hortec Grow With Technology Limited is a mature, small sized company, Pomanda has estimated its turnover at £676.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Hortec Grow With Technology Limited a 4 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 Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £676.7k, make it smaller than the average company (£7m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (8.5%)

EXPORT

Hortec Grow With Technology Limited's latest turnover from December 2023 is estimated at £676.7 thousand and the company has net assets of £628.7 thousand. According to their latest financial statements, Hortec Grow With Technology Limited has 5 employees and maintains cash reserves of £378.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	676,746	1,603,538	1,668,620	758,835	608,028	546,317	564,254	691,816	567,614	779,194	745,602	585,521	535,459	495,621	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	452,159	1,086,814	1,155,012	539,062	430,652	381,467	364,823	437,972	374,310	502,255	470,833	377,877	326,448	294,889	0
Gross Profit	224,587	516,724	513,607	219,773	177,376	164,851	199,431	253,844	193,303	276,939	274,769	207,644	209,011	200,732	0
Admin Expenses	300,690	375,858	420,433	97,339	223,655	141,971	147,224	224,161	106,642	220,739	255,999	127,461	162,759	130,713	-84,367
Operating Profit	-76,103	140,866	93,174	122,434	-46,279	22,880	52,207	29,683	86,661	56,200	18,770	80,183	46,252	70,019	84,367
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	17,978	20,151	1,492	306	1,673	1,659	1,206	630	1,154	675	468	575	516	306	38
Pre-Tax Profit	-58,125	161,017	94,665	122,740	-44,606	24,540	53,412	30,314	87,815	56,875	19,238	80,758	46,768	70,325	84,406
Tax	0	-30,593	-17,986	-23,321	0	-4,663	-10,148	-6,063	-17,563	-11,944	-4,425	-19,382	-12,160	-19,691	-23,634
Profit After Tax	-58,125	130,424	76,679	99,419	-44,606	19,877	43,264	24,251	70,252	44,931	14,813	61,376	34,608	50,634	60,772
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-58,125	130,424	76,679	99,419	-44,606	19,877	43,264	24,251	70,252	44,931	14,813	61,376	34,608	50,634	60,772
Employee Costs	197,872	230,540	224,396	262,012	266,956	172,755	163,177	151,218	156,555	233,787	197,135	156,061	156,545	119,222	0
Number Of Employees	5	5	5	6	6	4	4	4	4	6	5	4	4	3	0
EBITDA*	-17,213	209,174	129,399	151,820	-18,766	48,133	75,717	44,957	97,148	72,699	29,566	91,659	46,252	89,288	90,095

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	176,670	204,926	117,176	88,158	82,532	75,758	70,530	45,954	37,295	49,497	39,090	27,345	33,817	33,817	31,328
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	176,670	204,926	117,176	88,158	82,532	75,758	70,530	45,954	37,295	49,497	39,090	27,345	33,817	33,817	31,328
Stock & work in progress	357,749	261,915	237,033	189,595	289,377	172,109	150,162	183,137	172,983	182,031	181,965	148,834	135,636	109,990	123,988
Trade Debtors	67,965	387,924	323,585	144,835	70,795	97,757	89,276	103,183	66,551	64,815	83,754	58,192	45,669	41,121	61,812
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	46,999	27,940	62,119	31,173	5,395	10,477	6,361	4,521	6,438	0	0	0	0	0	0
Cash	378,879	340,251	811,244	382,089	229,232	216,785	225,666	256,583	247,756	213,652	56,343	130,752	99,390	107,033	15,303
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	851,592	1,018,030	1,433,981	747,692	594,799	497,128	471,465	547,424	493,728	460,498	322,062	337,778	280,695	258,144	201,103
total assets	1,028,262	1,222,956	1,551,157	835,850	677,331	572,886	541,995	593,378	531,023	509,995	361,152	365,123	314,512	291,961	232,431
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	0	0	0	0	0	0
Trade Creditors	100,613	73,884	247,242	47,799	47,386	25,579	49,778	117,746	106,514	231,809	138,947	149,675	168,496	180,553	171,657
Group/Directors Accounts	86,050	49,370	0	0	0	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	175,610	348,100	714,260	262,596	205,197	110,499	82,435	104,970	82,117	0	0	0	0	0	0
total current liabilities	362,273	471,354	961,502	310,395	252,583	136,078	132,213	222,716	188,631	231,809	138,947	149,675	168,496	180,553	171,657
loans	0	0	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	8,830	25,936	11,022	29,014	28,795	11,930	4,781	9,023	5,004	11,050	0	8,056	0	0	0
provisions	28,490	38,872	22,263	16,750	15,681	0	0	0	0	0	0	0	0	0	0
total long term liabilities	37,320	64,808	33,285	45,764	44,476	11,930	4,781	9,023	5,004	11,050	0	8,056	0	0	0
total liabilities	399,593	536,162	994,787	356,159	297,059	148,008	136,994	231,739	193,635	242,859	138,947	157,731	168,496	180,553	171,657
net assets	628,669	686,794	556,370	479,691	380,272	424,878	405,001	361,639	337,388	267,136	222,205	207,392	146,016	111,408	60,774
total shareholders funds	628,669	686,794	556,370	479,691	380,272	424,878	405,001	361,639	337,388	267,136	222,205	207,392	146,016	111,408	60,774

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-76,103	140,866	93,174	122,434	-46,279	22,880	52,207	29,683	86,661	56,200	18,770	80,183	46,252	70,019	84,367
Depreciation	58,890	68,308	36,225	29,386	27,513	25,253	23,510	15,274	10,487	16,499	10,796	11,476	0	19,269	5,728
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-30,593	-17,986	-23,321	0	-4,663	-10,148	-6,063	-17,563	-11,944	-4,425	-19,382	-12,160	-19,691	-23,634
Stock	95,834	24,882	47,438	-99,782	117,268	21,947	-32,975	10,154	-9,048	66	33,131	13,198	25,646	-13,998	123,988
Debtors	-300,900	30,160	209,696	99,818	-32,044	12,597	-12,067	34,715	8,174	-18,939	25,562	12,523	4,548	-20,691	61,812
Creditors	26,729	-173,358	199,443	413	21,807	-24,199	-67,968	11,232	-125,295	92,862	-10,728	-18,821	-12,057	8,896	171,657
Accruals and Deferred Income	-172,490	-366,160	451,664	57,399	94,698	28,064	-22,535	22,853	82,117	0	0	0	0	0	0
Deferred Taxes & Provisions	-10,382	16,609	5,513	1,069	15,681	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	31,710	-399,370	510,899	187,344	28,196	12,791	20,108	28,110	37,281	172,490	-44,280	27,735	-8,159	113,182	52,318
Investing Activities
capital expenditure	-30,634	-156,058	-65,243	-35,012	-34,287	-30,481	-48,086	-23,933	1,715	-26,906	-22,541	-5,004	0	-21,758	-37,056
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-30,634	-156,058	-65,243	-35,012	-34,287	-30,481	-48,086	-23,933	1,715	-26,906	-22,541	-5,004	0	-21,758	-37,056
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	36,680	49,370	0	0	0	0	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	0
Long term loans	0	0	0	0	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	0
other long term liabilities	-17,106	14,914	-17,992	219	16,865	7,149	-4,242	4,019	-6,046	11,050	-8,056	8,056	0	0	0
share issue	0	0	0	0	0	0	98	0	0	0	0	0	0	0	2
interest	17,978	20,151	1,492	306	1,673	1,659	1,206	630	1,154	675	468	575	516	306	38
cash flow from financing	37,552	84,435	-16,500	525	18,538	8,808	-2,938	4,649	-4,892	11,725	-7,588	8,631	516	306	40
cash and cash equivalents
cash	38,628	-470,993	429,155	152,857	12,447	-8,881	-30,917	8,827	34,104	157,309	-74,409	31,362	-7,643	91,730	15,303
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	38,628	-470,993	429,155	152,857	12,447	-8,881	-30,917	8,827	34,104	157,309	-74,409	31,362	-7,643	91,730	15,303

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HORTEC GROW WITH TECHNOLOGY LIMITED group structure

Hortec Grow With Technology Limited has no subsidiary companies.

Ultimate parent company

HORTEC GROW WITH TECHNOLOGY LIMITED

04075781

HORTEC GROW WITH TECHNOLOGY LIMITED Shareholders

hortec engineering limited

100%

Hortec Grow With Technology Limited currently has 2 directors. The longest serving directors include Mr Steven Dunn (Sep 2021) and Mr Benjamin Murphy (Sep 2021).

officer	country	age	start	end	role
Mr Steven Dunn	England	40 years	Sep 2021	-	Director
Mr Benjamin Murphy	United Kingdom	42 years	Sep 2021	-	Director

P&L

December 2023

turnover

676.7k

-58%

operating profit

-76.1k

gross margin

33.2%

+2.99%

turnover

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

Balance Sheet

December 2023

net assets

628.7k

-0.08%

total assets

-0.16%

cash

378.9k

+0.11%

net assets

Total assets minus all liabilities

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company number

04075781

Type

Private limited with Share Capital

industry

33120 - Repair of machinery

33110 - Repair of fabricated metal products

33200 - Installation of industrial machinery and equipment

incorporation date

September 2000

accounts

Total Exemption Full

ultimate parent company

None

previous names

hortec growth with technology limited (September 2000)

last accounts submitted

December 2023

address

orchard farm nursery, lower tysoe, near warwick, warwickshire, CV35 0BU

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 2 charges/mortgages relating to hortec grow with technology limited. Currently there are 2 open charges and 0 have been satisfied in the past.

hortec grow with technology limited Company Information

hortec grow with technology limited Estimated Valuation

hortec grow with technology limited Estimated Valuation

hortec grow with technology limited Estimated Valuation

Hortec Grow With Technology Limited Overview

Hortec Grow With Technology Limited Health Check

HORTEC GROW WITH TECHNOLOGY LIMITED financials

hortec grow with technology limited Credit Report and Business Information

Hortec Grow With Technology Limited Competitor Analysis

hortec grow with technology limited Ownership

hortec grow with technology limited directors

hortec grow with technology limited company details

hortec grow with technology limited Charges & Mortgages

hortec grow with technology limited Companies House Filings - See Documents