Hirani Associates Ltd

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hirani associates ltd Company Information

Live

MatureMicroHealthy

Company Number

04513893

Website

www.jhirani.com

Registered Address

21 sherborne gardens, london, NW9 9TE

Industry

Accounting, and auditing activities

Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

Telephone

02030867211

Next Accounts Due

December 2024

Group Structure

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Directors

Suresh Hirani17 Years

Shareholders

parbat investments ltd 100%

hirani associates ltd Estimated Valuation

£107.5k

Pomanda estimates the enterprise value of HIRANI ASSOCIATES LTD at £107.5k based on Net Assets of £39.7k and 2.71x industry multiple (adjusted for liquidity).

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Hirani Associates Ltd is a live company located in london, NW9 9TE with a Companies House number of 04513893. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in August 2002, it's largest shareholder is parbat investments ltd with a 100% stake. Hirani Associates Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £126.6k with healthy growth in recent years.

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Pomanda's financial health check has awarded Hirani Associates Ltd a 2 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 Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £126.6k, make it smaller than the average company (£861.7k)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (5.6%)

EXPORT

Hirani Associates Ltd's latest turnover from March 2023 is estimated at £126.6 thousand and the company has net assets of £39.7 thousand. According to their latest financial statements, Hirani Associates Ltd has 4 employees and maintains cash reserves of 0 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
Turnover	126,561	135,702	84,108	92,507	86,458	22,674	36,562	57,256	53,575	49,587	43,531	53,493
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	81,651	87,982	52,457	57,037	51,302	13,043	20,511	33,714	30,313	26,437	23,236	28,242
Gross Profit	44,910	47,720	31,651	35,470	35,155	9,631	16,051	23,541	23,262	23,150	20,295	25,251
Admin Expenses	52,662	21,255	35,157	29,256	38,000	7,589	45,087	55,512	-17,653	-10,019	-5,805	14,172
Operating Profit	-7,752	26,465	-3,506	6,214	-2,845	2,042	-29,036	-31,971	40,915	33,169	26,100	11,079
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	63	76	102	257	128	88	95	49
Pre-Tax Profit	-7,752	26,465	-3,506	6,214	-2,782	2,117	-28,934	-31,714	41,043	33,257	26,195	11,128
Tax	0	-5,028	0	-1,181	0	-402	0	0	-8,619	-7,649	-6,287	-2,893
Profit After Tax	-7,752	21,437	-3,506	5,033	-2,782	1,715	-28,934	-31,714	32,424	25,608	19,908	8,235
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-7,752	21,437	-3,506	5,033	-2,782	1,715	-28,934	-31,714	32,424	25,608	19,908	8,235
Employee Costs	135,964	130,527	94,032	89,297	97,969	31,715	33,026	34,569	34,679	35,144	33,326	32,254
Number Of Employees	4	4	3	3	3	1	1	1	1	1	1	1
EBITDA*	-7,752	26,465	-3,506	6,214	-2,845	3,152	-27,648	5,059	47,891	39,883	32,835	17,879

* 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
Tangible Assets	4,152	3,259	4,073	5,091	3,554	4,442	5,552	4,122	5,152	4,342	3,574	3,675
Intangible Assets	0	0	0	0	0	0	0	0	36,000	42,000	48,000	54,000
Investments & Other	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
Total Fixed Assets	4,152	3,259	4,073	5,091	3,554	4,442	5,552	4,122	41,152	46,342	51,574	57,675
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	39,272	47,831	24,381	27,345	24,922	8,273	11,340	15,028	14,311	12,843	10,530	12,556
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	16,894	13,373	68,597	34,261	16,910	18,278	19,582
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	39,272	47,831	24,381	27,345	24,922	25,167	24,713	83,625	48,572	29,753	28,808	32,138
total assets	43,424	51,090	28,454	32,436	28,476	29,609	30,265	87,747	89,724	76,095	80,382	89,813
Bank overdraft	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
Trade Creditors	3,752	3,139	1,940	2,416	3,489	0	0	0	3,449	22,244	52,139	81,478
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	2,267	4,638	33,186	0	0	0	0
total current liabilities	3,752	3,139	1,940	2,416	3,489	2,267	4,638	33,186	3,449	22,244	52,139	81,478
loans	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
Accruals and Deferred Income	0	527	527	527	527	0	0	0	0	0	0	0
other liabilities	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
total long term liabilities	0	527	527	527	527	0	0	0	0	0	0	0
total liabilities	3,752	3,666	2,467	2,943	4,016	2,267	4,638	33,186	3,449	22,244	52,139	81,478
net assets	39,672	47,424	25,987	29,493	24,460	27,342	25,627	54,561	86,275	53,851	28,243	8,335
total shareholders funds	39,672	47,424	25,987	29,493	24,460	27,342	25,627	54,561	86,275	53,851	28,243	8,335

	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	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-7,752	26,465	-3,506	6,214	-2,845	2,042	-29,036	-31,971	40,915	33,169	26,100	11,079	0	0	0
Depreciation	0	0	0	0	0	1,110	1,388	1,030	976	714	735	800	0	0	0
Amortisation	0	0	0	0	0	0	0	36,000	6,000	6,000	6,000	6,000	0	0	0
Tax	0	-5,028	0	-1,181	0	-402	0	0	-8,619	-7,649	-6,287	-2,893	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-8,559	23,450	-2,964	2,423	16,649	-3,067	-3,688	717	1,468	2,313	-2,026	12,556	0	0	0
Creditors	613	1,199	-476	-1,073	3,489	0	0	-3,449	-18,795	-29,895	-29,339	81,478	0	0	0
Accruals and Deferred Income	-527	0	0	0	-1,740	-2,371	-28,548	33,186	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	893	-814	-1,018	1,537	-17,745	3,446	-52,508	34,079	19,009	26	-765	83,908	0	0	0
Investing Activities
capital expenditure	-893	814	1,018	-1,537	888	0	-2,818	0	-1,786	-1,482	-634	-64,475	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-893	814	1,018	-1,537	888	0	-2,818	0	-1,786	-1,482	-634	-64,475	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	-100	0	0	0	0	0	0	100	0	0	0
interest	0	0	0	0	63	76	102	257	128	88	95	49	0	0	0
cash flow from financing	0	0	0	0	-37	76	102	257	128	88	95	149	0	0	0
cash and cash equivalents
cash	0	0	0	0	-16,894	3,521	-55,224	34,336	17,351	-1,368	-1,304	19,582	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-16,894	3,521	-55,224	34,336	17,351	-1,368	-1,304	19,582	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HIRANI ASSOCIATES LTD group structure

Hirani Associates Ltd has no subsidiary companies.

Ultimate parent company

PARBAT INVESTMENTS LTD

10130944

1 parent

HIRANI ASSOCIATES LTD

04513893

HIRANI ASSOCIATES LTD Shareholders

parbat investments ltd

100%

Hirani Associates Ltd currently has 1 director, Mr Suresh Hirani serving since Jun 2007.

officer	country	age	start	end	role
Mr Suresh Hirani	England	58 years	Jun 2007	-	Director

P&L

March 2023

turnover

126.6k

-7%

operating profit

-7.8k

gross margin

35.5%

+0.91%

turnover

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

Balance Sheet

March 2023

net assets

39.7k

-0.16%

total assets

43.4k

-0.15%

cash

net assets

Total assets minus all liabilities

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company number

04513893

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.

incorporation date

August 2002

accounts

Micro-Entity Accounts

ultimate parent company

PARBAT INVESTMENTS LTD

previous names

prosper investments limited (June 2011)

last accounts submitted

March 2023

address

21 sherborne gardens, london, NW9 9TE

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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hirani associates ltd Company Information

hirani associates ltd Estimated Valuation

hirani associates ltd Estimated Valuation

hirani associates ltd Estimated Valuation

Hirani Associates Ltd Overview

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HIRANI ASSOCIATES LTD financials

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