Highwire Testing Services Limited

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highwire testing services limited Company Information

Company Number

04480744

Next Accounts

Apr 2025

Directors

John Mulhearn

Shareholders

christine mulhearn

john mulhearn

Group Structure

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Industry

Other business support service activities n.e.c.

Registered Address

14a town end, bolsover, chesterfield, S44 6DT

Website

www.highwiretesting.com

highwire testing services limited Estimated Valuation

£174.2k

Pomanda estimates the enterprise value of HIGHWIRE TESTING SERVICES LIMITED at £174.2k based on a Turnover of £321.4k and 0.54x industry multiple (adjusted for size and gross margin).

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Highwire Testing Services Limited is a live company located in chesterfield, S44 6DT with a Companies House number of 04480744. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2002, it's largest shareholder is christine mulhearn with a 50% stake. Highwire Testing Services Limited is a mature, micro sized company, Pomanda has estimated its turnover at £321.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Highwire Testing Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

5 Weak

Size

annual sales of £321.4k, make it smaller than the average company (£3.8m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (5%)

EXPORT

Highwire Testing Services Limited's latest turnover from July 2023 is estimated at £321.4 thousand and the company has net assets of £28 thousand. According to their latest financial statements, Highwire Testing Services Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	321,429	518,306	389,967	413,017	405,413	211,749	184,793	357,065	271,280	125,699	217,342	240,425	169,970	173,861
Other Income Or Grants
Cost Of Sales	200,175	321,435	247,390	255,951	253,686	132,512	114,356	220,630	171,264	80,863	140,124	150,821	103,887	103,822
Gross Profit	121,254	196,871	142,577	157,066	151,726	79,237	70,437	136,435	100,016	44,836	77,219	89,604	66,084	70,039
Admin Expenses	159,772	231,949	159,648	131,427	117,123	53,790	66,252	111,938	108,859	47,189	66,878	75,815	61,365	65,638	-18,334
Operating Profit	-38,518	-35,078	-17,071	25,639	34,603	25,447	4,185	24,497	-8,843	-2,353	10,341	13,789	4,719	4,401	18,334
Interest Payable						549	1,213	712
Interest Receivable		209	55	71	420	136	24	46	86	133	86	29	19	17	6
Pre-Tax Profit	-38,518	-34,869	-17,016	25,710	35,023	25,033	2,996	23,831	-8,757	-2,220	10,427	13,818	4,738	4,418	18,340
Tax				-4,885	-6,654	-4,756	-569	-4,766			-2,398	-3,316	-1,232	-1,237	-5,135
Profit After Tax	-38,518	-34,869	-17,016	20,825	28,369	20,277	2,427	19,065	-8,757	-2,220	8,029	10,502	3,506	3,181	13,205
Dividends Paid
Retained Profit	-38,518	-34,869	-17,016	20,825	28,369	20,277	2,427	19,065	-8,757	-2,220	8,029	10,502	3,506	3,181	13,205
Employee Costs	96,493	91,433	128,488	125,141	125,361	78,726	75,973	114,050	75,019	37,618	73,887	73,752	71,798	70,778
Number Of Employees	2	2	3	3	3	2	2	3	2	1	2	2	2	2
EBITDA*	-38,518	-32,313	-14,686	28,480	38,155	29,887	9,873	31,473	-5,674	1,608	15,293	16,318	7,880	8,354	19,740

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	8,850	11,062	9,539	11,366	14,207	17,759	22,199	27,887	12,676	15,845	19,806	10,119	12,648	15,809	5,623
Intangible Assets
Investments & Other	1
Debtors (Due After 1 year)
Total Fixed Assets	8,851	11,062	9,539	11,366	14,207	17,759	22,199	27,887	12,676	15,845	19,806	10,119	12,648	15,809	5,623
Stock & work in progress
Trade Debtors	47,633	102,462	76,800	76,451	80,213	41,854	36,467	66,486	37,209	13,352	26,389	34,901	23,925	22,944	23,857
Group Debtors
Misc Debtors						96	4	4
Cash			33,516	76,494	65,943	46,147	8,168	11,218	7,090	27,129	26,045	8,303	3,321	4,305	2,532
misc current assets							9,495	15,928
total current assets	47,633	102,462	110,316	152,945	146,156	88,097	54,134	93,636	44,299	40,481	52,434	43,204	27,246	27,249	26,389
total assets	56,484	113,524	119,855	164,311	160,363	105,856	76,333	121,523	56,975	56,326	72,240	53,323	39,894	43,058	32,012
Bank overdraft							16,901	21,901
Bank loan
Trade Creditors	28,478	47,000	2,301	4,426	3,421	2,921	2,921	5,921	29,429	20,023	28,701	22,829	19,902	26,572	18,707
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities			16,061	41,376	59,258	33,620	7,473	47,090
total current liabilities	28,478	47,000	18,362	45,802	62,679	36,541	27,295	74,912	29,429	20,023	28,701	22,829	19,902	26,572	18,707
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities											5,016
provisions
total long term liabilities											5,016
total liabilities	28,478	47,000	18,362	45,802	62,679	36,541	27,295	74,912	29,429	20,023	33,717	22,829	19,902	26,572	18,707
net assets	28,006	66,524	101,493	118,509	97,684	69,315	49,038	46,611	27,546	36,303	38,523	30,494	19,992	16,486	13,305
total shareholders funds	28,006	66,524	101,493	118,509	97,684	69,315	49,038	46,611	27,546	36,303	38,523	30,494	19,992	16,486	13,305

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-38,518	-35,078	-17,071	25,639	34,603	25,447	4,185	24,497	-8,843	-2,353	10,341	13,789	4,719	4,401	18,334
Depreciation		2,765	2,385	2,841	3,552	4,440	5,688	6,976	3,169	3,961	4,952	2,529	3,161	3,953	1,406
Amortisation
Tax				-4,885	-6,654	-4,756	-569	-4,766			-2,398	-3,316	-1,232	-1,237	-5,135
Stock
Debtors	-54,829	25,662	349	-3,762	38,263	5,479	-30,019	29,281	23,857	-13,037	-8,512	10,976	981	-913	23,857
Creditors	-18,522	44,699	-2,125	1,005	500		-3,000	-23,508	9,406	-8,678	5,872	2,927	-6,670	7,865	18,707
Accruals and Deferred Income		-16,061	-25,315	-17,882	25,638	26,147	-39,617	47,090
Deferred Taxes & Provisions
Cash flow from operations	-2,211	-29,337	-42,475	10,480	19,376	45,799	-3,294	21,008	-20,125	5,967	27,279	4,953	-1,003	15,895	9,455
Investing Activities
capital expenditure	2,212	-4,288	-558					-22,187			-14,639			-14,139	-7,029
Change in Investments	1
cash flow from investments	2,211	-4,288	-558					-22,187			-14,639			-14,139	-7,029
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities										-5,016	5,016
share issue		-100													100
interest		209	55	71	420	-413	-1,189	-666	86	133	86	29	19	17	6
cash flow from financing		109	55	71	420	-413	-1,189	-666	86	-4,883	5,102	29	19	17	106
cash and cash equivalents
cash		-33,516	-42,978	10,551	19,796	37,979	-3,050	4,128	-20,039	1,084	17,742	4,982	-984	1,773	2,532
overdraft						-16,901	-5,000	21,901
change in cash		-33,516	-42,978	10,551	19,796	54,880	1,950	-17,773	-20,039	1,084	17,742	4,982	-984	1,773	2,532

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 highwire testing services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in S44 area or any other competitors across 12 key performance metrics.

HIGHWIRE TESTING SERVICES LIMITED group structure

Highwire Testing Services Limited has no subsidiary companies.

Ultimate parent company

HIGHWIRE TESTING SERVICES LIMITED

04480744

HIGHWIRE TESTING SERVICES LIMITED Shareholders

christine mulhearn	50%
john mulhearn	50%

Highwire Testing Services Limited currently has 1 director, Mr John Mulhearn serving since Jul 2002.

officer	country	age	start	end	role
Mr John Mulhearn	England	68 years	Jul 2002	-	Director

P&L

July 2023

turnover

321.4k

-38%

operating profit

-38.5k

gross margin

37.8%

-0.69%

turnover

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

Balance Sheet

July 2023

net assets

28k

-0.58%

total assets

56.5k

-0.5%

cash

net assets

Total assets minus all liabilities

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company number

04480744

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

July 2002

ultimate parent company

None

previous names

N/A

address

14a town end, bolsover, chesterfield, S44 6DT

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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highwire testing services limited Company Information

highwire testing services limited Estimated Valuation

highwire testing services limited Estimated Valuation

highwire testing services limited Estimated Valuation

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HIGHWIRE TESTING SERVICES LIMITED financials

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