Network Hydraulics Limited

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network hydraulics limited Company Information

Live

MatureSmallDeclining

Company Number

05072425

Website

www.networkhydraulics.com

Registered Address

111 whitehill road, brinsworth, rotherham, south yorkshire, S60 5HY

Industry

Manufacture of fluid power equipment

Telephone

01709364109

Next Accounts Due

December 2024

Group Structure

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Directors

Ian Phipps20 Years

Mark Phipps2 Years

View All

Shareholders

ian phipps 80%

lynne marie phipps 20%

network hydraulics limited Estimated Valuation

£828.4k

Pomanda estimates the enterprise value of NETWORK HYDRAULICS LIMITED at £828.4k based on Net Assets of £380.3k and 2.18x industry multiple (adjusted for liquidity).

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Network Hydraulics Limited is a live company located in south yorkshire, S60 5HY with a Companies House number of 05072425. It operates in the manufacture of fluid power equipment sector, SIC Code 28120. Founded in March 2004, it's largest shareholder is ian phipps with a 80% stake. Network Hydraulics Limited is a mature, small sized company, Pomanda has estimated its turnover at £520.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Network Hydraulics Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £520.8k, make it smaller than the average company (£22.5m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (4.6%)

EXPORT

Network Hydraulics Limited's latest turnover from March 2023 is estimated at £520.8 thousand and the company has net assets of £380.3 thousand. According to their latest financial statements, Network Hydraulics Limited has 4 employees and maintains cash reserves of £492.4 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	520,784	382,405	517,616	786,672	409,314	386,226	408,853	317,538	370,865	489,051	393,189	1,064,020	642,799	564,753
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	353,940	269,553	382,933	568,726	304,935	285,591	293,419	227,596	261,753	340,824	278,803	749,434	439,699	396,686
Gross Profit	166,844	112,852	134,683	217,946	104,379	100,635	115,434	89,942	109,113	148,227	114,386	314,587	203,100	168,067
Admin Expenses	237,505	46,359	144,304	87,963	160,001	157,787	406,578	83,140	68,148	92,064	47,831	158,886	229,803	-446,225
Operating Profit	-70,661	66,493	-9,621	129,983	-55,622	-57,152	-291,144	6,802	40,965	56,163	66,555	155,701	-26,703	614,292
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	21,232	3,616	343	243	2,170	1,687	1,263	3,234	3,073	2,837	2,445	2,000	1,834	921
Pre-Tax Profit	-49,429	70,109	-9,278	130,226	-53,452	-55,465	-289,881	10,036	44,038	59,000	69,000	157,701	-24,869	615,213
Tax	0	-13,321	0	-24,743	0	0	0	-2,007	-9,248	-13,570	-16,560	-41,002	0	-172,259
Profit After Tax	-49,429	56,788	-9,278	105,483	-53,452	-55,465	-289,881	8,029	34,790	45,430	52,440	116,699	-24,869	442,953
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-49,429	56,788	-9,278	105,483	-53,452	-55,465	-289,881	8,029	34,790	45,430	52,440	116,699	-24,869	442,953
Employee Costs	190,662	179,311	179,311	180,967	174,280	173,486	127,504	126,761	120,643	139,627	109,659	256,090	182,820	165,816
Number Of Employees	4	4	4	4	4	4	3	3	3	4	3	7	5	5
EBITDA*	-70,135	67,193	-8,687	131,228	-53,962	-54,807	-288,149	10,797	47,542	69,369	81,626	164,603	-16,453	625,459

* 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	21,971	2,102	2,802	3,736	4,981	6,641	8,986	11,981	15,976	17,008	22,714	30,285	8,252	11,002
Intangible Assets	0	0	0	0	0	0	0	0	0	1,250	8,750	16,250	23,750	31,250
Investments & Other	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
Total Fixed Assets	21,971	2,102	2,802	3,736	4,981	6,641	8,986	11,981	15,976	18,258	31,464	46,535	32,002	42,252
Stock & work in progress	3,500	3,500	3,500	3,500	3,500	3,500	4,000	4,000	4,000	4,000	4,000	5,000	6,500	6,000
Trade Debtors	99,574	63,355	86,332	289,329	100,048	76,325	103,929	81,790	83,147	118,048	96,120	251,180	160,074	124,927
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	605	249	3,144	0	0	11,463	11,547	1,165	0	0	0	0	0	0
Cash	492,440	506,732	457,476	228,033	258,330	320,287	354,540	656,054	637,503	591,669	543,078	434,784	365,321	368,238
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	596,119	573,836	550,452	520,862	361,878	411,575	474,016	743,009	724,650	713,717	643,198	690,964	531,895	499,165
total assets	618,090	575,938	553,254	524,598	366,859	418,216	483,002	754,990	740,626	731,975	674,662	737,499	563,897	541,417
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	117,996	62,383	123,678	79,407	21,777	39,218	55,225	32,852	65,107	95,820	82,796	196,559	145,305	97,710
Group/Directors Accounts	0	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	115,582	83,389	56,065	62,223	66,510	46,974	40,288	44,170	0	0	0	0	0	0
total current liabilities	233,578	145,772	179,743	141,630	88,287	86,192	95,513	77,022	65,107	95,820	82,796	196,559	145,305	97,710
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	4,780	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	4,174	399	532	711	1,798	1,798	1,798	2,396	3,196	3,402	4,543	6,057	408	654
total long term liabilities	4,174	399	532	711	1,798	1,798	1,798	2,396	7,976	3,402	4,543	6,057	408	654
total liabilities	237,752	146,171	180,275	142,341	90,085	87,990	97,311	79,418	73,083	99,222	87,339	202,616	145,713	98,364
net assets	380,338	429,767	372,979	382,257	276,774	330,226	385,691	675,572	667,543	632,753	587,323	534,883	418,184	443,053
total shareholders funds	380,338	429,767	372,979	382,257	276,774	330,226	385,691	675,572	667,543	632,753	587,323	534,883	418,184	443,053

	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	-70,661	66,493	-9,621	129,983	-55,622	-57,152	-291,144	6,802	40,965	56,163	66,555	155,701	-26,703	614,292
Depreciation	526	700	934	1,245	1,660	2,345	2,995	3,995	5,327	5,706	7,571	1,402	2,750	3,667
Amortisation	0	0	0	0	0	0	0	0	1,250	7,500	7,500	7,500	7,500	7,500
Tax	0	-13,321	0	-24,743	0	0	0	-2,007	-9,248	-13,570	-16,560	-41,002	0	-172,259
Stock	0	0	0	0	0	-500	0	0	0	0	-1,000	-1,500	500	6,000
Debtors	36,575	-25,872	-199,853	189,281	12,260	-27,688	32,521	-192	-34,901	21,928	-155,060	91,106	35,147	124,927
Creditors	55,613	-61,295	44,271	57,630	-17,441	-16,007	22,373	-32,255	-30,713	13,024	-113,763	51,254	47,595	97,710
Accruals and Deferred Income	32,193	27,324	-6,158	-4,287	19,536	6,686	-3,882	39,390	4,780	0	0	0	0	0
Deferred Taxes & Provisions	3,775	-133	-179	-1,087	0	0	-598	-800	-206	-1,141	-1,514	5,649	-246	654
Cash flow from operations	-15,129	45,640	229,100	-30,540	-64,127	-35,940	-302,777	15,317	47,056	45,754	105,849	90,898	-4,751	420,637
Investing Activities
capital expenditure	-20,395	0	0	0	0	0	0	0	-4,295	0	0	-23,435	0	-53,419
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-20,395	0	0	0	0	0	0	0	-4,295	0	0	-23,435	0	-53,419
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	21,232	3,616	343	243	2,170	1,687	1,263	3,234	3,073	2,837	2,445	2,000	1,834	921
cash flow from financing	21,232	3,616	343	243	2,170	1,687	1,263	3,234	3,073	2,837	2,445	2,000	1,834	1,021
cash and cash equivalents
cash	-14,292	49,256	229,443	-30,297	-61,957	-34,253	-301,514	18,551	45,834	48,591	108,294	69,463	-2,917	368,238
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-14,292	49,256	229,443	-30,297	-61,957	-34,253	-301,514	18,551	45,834	48,591	108,294	69,463	-2,917	368,238

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NETWORK HYDRAULICS LIMITED group structure

Network Hydraulics Limited has no subsidiary companies.

Ultimate parent company

NETWORK HYDRAULICS LIMITED

05072425

NETWORK HYDRAULICS LIMITED Shareholders

ian phipps	80%
lynne marie phipps	20%

Network Hydraulics Limited currently has 3 directors. The longest serving directors include Mr Ian Phipps (Mar 2004) and Mr Mark Phipps (Aug 2022).

officer	age	start	end	role
Mr Ian Phipps	71 years	Mar 2004	-	Director
Mr Mark Phipps	39 years	Aug 2022	-	Director
Mrs Gemma Ball	42 years	Aug 2022	-	Director

P&L

March 2023

turnover

520.8k

+36%

operating profit

-70.7k

gross margin

32.1%

+8.56%

turnover

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

Balance Sheet

March 2023

net assets

380.3k

-0.12%

total assets

618.1k

+0.07%

cash

492.4k

-0.03%

net assets

Total assets minus all liabilities

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company number

05072425

Type

Private limited with Share Capital

industry

28120 - Manufacture of fluid power equipment

incorporation date

March 2004

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

111 whitehill road, brinsworth, rotherham, south yorkshire, S60 5HY

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 did not find charges/mortgages relating to network hydraulics limited.

network hydraulics limited Company Information

network hydraulics limited Estimated Valuation

network hydraulics limited Estimated Valuation

network hydraulics limited Estimated Valuation

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NETWORK HYDRAULICS LIMITED financials

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