hardide plc

4.5

hardide plc Company Information

Share HARDIDE PLC
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EstablishedMidHealthy

Company Number

05344714

Registered Address

9 longlands road, bicester, oxfordshire, OX26 5AH

Industry

Treatment and coating of metals

 

Telephone

01869353830

Next Accounts Due

March 2025

Group Structure

View All

Directors

Yuri Zhuk19 Years

Andrew Boyce11 Years

View All

Shareholders

undisclosed 100%

hardide plc Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of HARDIDE PLC at £3.7m based on a Turnover of £5.5m and 0.68x industry multiple (adjusted for size and gross margin).

hardide plc Estimated Valuation

£0

Pomanda estimates the enterprise value of HARDIDE PLC at £0 based on an EBITDA of £-168k and a 5.26x industry multiple (adjusted for size and gross margin).

hardide plc Estimated Valuation

£9.3m

Pomanda estimates the enterprise value of HARDIDE PLC at £9.3m based on Net Assets of £4.3m and 2.17x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from September 2023 

Hardide Plc AI Business Plan

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Hardide Plc Overview

Hardide Plc is a live company located in oxfordshire, OX26 5AH with a Companies House number of 05344714. It operates in the treatment and coating of metals sector, SIC Code 25610. Founded in January 2005, it's largest shareholder is undisclosed with a 100% stake. Hardide Plc is a established, mid sized company, Pomanda has estimated its turnover at £5.5m with healthy growth in recent years.

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Hardide Plc Health Check

Pomanda's financial health check has awarded Hardide Plc a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £5.5m, make it smaller than the average company (£8.7m)

£5.5m - Hardide Plc

£8.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (-0.2%)

5% - Hardide Plc

-0.2% - Industry AVG

production

Production

with a gross margin of 47.5%, this company has a lower cost of product (32.7%)

47.5% - Hardide Plc

32.7% - Industry AVG

profitability

Profitability

an operating margin of -18.7% make it less profitable than the average company (9.3%)

-18.7% - Hardide Plc

9.3% - Industry AVG

employees

Employees

with 46 employees, this is below the industry average (73)

46 - Hardide Plc

73 - Industry AVG

paystructure

Pay Structure

on an average salary of £61.1k, the company has a higher pay structure (£39.3k)

£61.1k - Hardide Plc

£39.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £119.5k, this is equally as efficient (£118.5k)

£119.5k - Hardide Plc

£118.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 48 days, this is earlier than average (65 days)

48 days - Hardide Plc

65 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 79 days, this is slower than average (42 days)

79 days - Hardide Plc

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 29 days, this is in line with average (31 days)

29 days - Hardide Plc

31 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 28 weeks, this is more cash available to meet short term requirements (10 weeks)

28 weeks - Hardide Plc

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 48.9%, this is a similar level of debt than the average (50.2%)

48.9% - Hardide Plc

50.2% - Industry AVG

hardide plc 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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Hardide Plc Competitor Analysis

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hardide plc Ownership

HARDIDE PLC group structure

Hardide Plc has 2 subsidiary companies.

Ultimate parent company

HARDIDE PLC

05344714

2 subsidiaries

HARDIDE PLC Shareholders

undisclosed 100%

hardide plc directors

Hardide Plc currently has 7 directors. The longest serving directors include Dr Yuri Zhuk (Mar 2005) and Mr Andrew Boyce (Jun 2012).

officercountryagestartendrole
Dr Yuri ZhukUnited Kingdom63 years Mar 2005- Director
Mr Andrew BoyceEngland62 years Jun 2012- Director
Mr Timothy RiceEngland65 years Mar 2018- Director
Mr Simon HallamEngland57 years Apr 2020- Director
Mr Andrew MagsonEngland57 years Oct 2022- Director
Mr Matthew HamblinEngland49 years Nov 2023- Director
Mr Stephen PaulEngland61 years Feb 2024- Director

HARDIDE PLC financials

EXPORTms excel logo

Hardide Plc's latest turnover from September 2023 is £5.5 million and the company has net assets of £4.3 million. According to their latest financial statements, Hardide Plc has 46 employees and maintains cash reserves of £740 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover5,499,0005,015,0003,597,0004,756,0005,052,0004,613,0003,241,0002,142,0003,003,0003,030,0002,3592,915,0001,947,0001,735,0001,209,000
Other Income Or Grants000000000000000
Cost Of Sales2,886,0003,135,0002,286,0002,436,0002,635,0002,201,0001,651,0001,457,0001,198,000944,000815820,000733,000649,000854,000
Gross Profit2,613,0001,880,0001,311,0002,320,0002,417,0002,412,0001,590,000685,0001,805,0002,086,0001,5442,095,0001,214,0001,086,000355,000
Admin Expenses3,644,0004,029,000-1,515,0003,584,0003,619,0003,330,0002,828,0002,152,0002,022,0001,910,0002,3451,717,0001,554,0001,489,0002,173,000
Operating Profit-1,031,000-2,149,0002,826,000-1,264,000-1,202,000-918,000-1,238,000-1,467,000-217,000176,000-801378,000-340,000-403,000-1,818,000
Interest Payable165,000129,000104,000103,0003,0003,0001,0001,0002,00075,000103115,000106,000106,00013,000
Interest Receivable3,0004,0002,12911,00015,0008,0004,0006,00012,0009,00022,00002,00014,000
Pre-Tax Profit-1,193,000-2,274,000-2,927,000-1,356,000-1,190,000-913,000-1,235,000-1,462,000-207,000110,000-902265,000-446,000-507,000-1,824,000
Tax75,00086,000125,00065,00054,00048,000139,000121,00091,00051,0005442,00065,00033,00035,000
Profit After Tax-1,118,000-2,188,000-2,802,000-1,291,000-1,136,000-865,000-1,096,000-1,341,000-116,000161,000-848307,000-381,000-474,000-1,789,000
Dividends Paid000000000000000
Retained Profit-1,118,000-2,188,000-2,802,000-1,291,000-1,136,000-865,000-1,096,000-1,341,000-116,000161,000-848307,000-381,000-474,000-1,789,000
Employee Costs2,810,0002,826,0002,810,0002,845,0002,616,0002,457,0002,065,0001,774,0001,577,0001,443,0001,2761,200,0001,178,000953,0001,351,000
Number Of Employees464446474539373532292924272332
EBITDA*-168,000-941,0003,942,000-787,000-712,000-542,000-1,238,000-1,049,000-215,000297,000-601486,000-225,000-267,000-1,486,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets6,337,0007,062,0007,581,0008,467,0002,745,0002,033,0001,490,0001,872,0001,262,000383,000245379,000478,000569,000796,000
Intangible Assets9,00088,000105,000119,00099,00094,00070,00070,00072,00074,0007169,00069,00069,00071,000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets6,346,0007,150,0007,686,0008,586,0002,844,0002,127,0001,560,0001,942,0001,334,000457,000316448,000547,000638,000867,000
Stock & work in progress236,000487,000504,000565,000691,000286,000160,00060,00059,00050,0004133,00024,00026,00026,000
Trade Debtors729,000942,000572,000474,000991,000737,000609,000525,000421,000532,000375490,000347,000278,000148,000
Group Debtors000000000000000
Misc Debtors13,00013,0000407,000274,00012,00013,00041,00048,00039,0005959,00059,00059,00060,000
Cash740,000693,0001,543,0002,715,0004,809,0003,302,0001,212,0001,967,0002,327,0003,467,0001,0371,405,000292,000536,000932,000
misc current assets335,000450,000000265,000242,000270,000271,000199,00015498,000102,00062,000101,000
total current assets2,053,0002,585,0003,072,0004,161,0006,780,0004,602,0002,236,0002,863,0003,126,0004,287,0001,6662,085,000824,000961,0001,267,000
total assets8,399,0009,735,00010,758,00012,747,0009,624,0006,729,0003,796,0004,805,0004,460,0004,744,0001,9822,533,0001,371,0001,599,0002,134,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 625,000812,000460,000661,000969,0001,055,000376,000293,000299,000228,000175148,000189,000100,000139,000
Group/Directors Accounts000000000000000
other short term finances253,000238,000409,000008,0000000702257,000000
hp & lease commitments182,000201,0000193,00002,0003,00017,00016,000153,000860055,000118,000
other current liabilities311,000284,0000497,000692,000527,000114,000115,000266,000230,000107332,000181,000158,000120,000
total current liabilities1,371,0001,535,0001,145,0001,351,0001,661,0001,592,000493,000425,000581,000611,0001,070737,000370,000313,000377,000
loans4,792,0004,362,00004,499,000164,00069,00006,00040,000354,0005901,346,000895,0001,602,0001,496,000
hp & lease commitments2,106,0001,742,00002,046,000011,00003,00020,000177,0002955,0000055,000
Accruals and Deferred Income000000000000000
other liabilities00000012,00000000000
provisions100,000100,0000212,000202,0000000000000
total long term liabilities2,736,0002,670,0002,699,0002,559,000265,00058,00012,0003,00020,000177,000295673,000895,000801,000748,000
total liabilities4,107,0004,205,0003,844,0003,910,0001,926,0001,650,000505,000428,000601,000788,0001,3651,410,0001,265,0001,114,0001,125,000
net assets4,292,0005,530,0006,914,0008,837,0007,698,0005,079,0003,291,0004,377,0003,859,0003,956,0006171,123,000106,000485,0001,009,000
total shareholders funds4,292,0005,530,0006,914,0008,837,0007,698,0005,079,0003,291,0004,377,0003,859,0003,956,0006171,123,000106,000485,0001,009,000
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit-1,031,000-2,149,0002,826,000-1,264,000-1,202,000-918,000-1,238,000-1,467,000-217,000176,000-801378,000-340,000-403,000-1,818,000
Depreciation863,0001,208,0001,116,000464,000483,000371,0000418,0000121,000200108,000115,000134,000330,000
Amortisation00013,0007,0005,000002,00000002,0002,000
Tax75,00086,000125,00065,00054,00048,000139,000121,00091,00051,0005442,00065,00033,00035,000
Stock-251,000-17,000-61,000-126,000405,000126,000100,0001,0009,00049,959-32,9599,000-2,000026,000
Debtors-213,000383,000-309,000-384,000516,000127,00056,00097,000-102,000570,566-548,566143,00069,000129,000208,000
Creditors-187,000352,000-201,000-308,000-86,000679,00083,000-6,00071,000227,825-147,825-41,00089,000-39,000139,000
Accruals and Deferred Income27,000284,000-497,000-195,000165,000413,000-1,000-151,00036,000229,893-331,893151,00023,00038,000120,000
Deferred Taxes & Provisions0100,000-212,00010,000202,0000000000000
Cash flow from operations211,000-485,0003,527,000-705,000-1,298,000345,000-1,173,000-1,183,00076,000185,193101,260486,000-115,000-364,000-1,426,000
Investing Activities
capital expenditure-59,000-672,000-216,000-6,219,000-1,207,000-943,000382,000-1,026,000-879,000-577,684447,484-9,000-24,00093,000-1,199,000
Change in Investments000000000000000
cash flow from investments-59,000-672,000-216,000-6,219,000-1,207,000-943,000382,000-1,026,000-879,000-577,684447,484-9,000-24,00093,000-1,199,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 15,000-171,000409,0000-8,0008,000000-702-256,298257,000000
Long term loans430,0004,362,000-4,499,0004,335,00095,00069,000-6,000-34,000-314,000353,410-1,345,410451,000-707,000106,0001,496,000
Hire Purchase and Lease Commitments345,0001,943,000-2,239,0002,239,000-13,00010,000-17,000-16,000-294,000329,619-4,6195,000-55,000-118,000173,000
other long term liabilities00000-12,00012,00000000000
share issue-120,000804,000879,0002,430,0003,755,0002,653,00010,0001,859,00019,0003,794,383-1,121,535710,0002,000-50,0002,798,000
interest-162,000-125,000-101,871-92,00012,0005,0003,0005,00010,000-66,000-101-113,000-106,000-104,0001,000
cash flow from financing508,0006,813,000-5,551,8718,912,0003,841,0002,733,0002,0001,814,000-579,0004,410,710-2,727,9631,310,000-866,000-166,0004,468,000
cash and cash equivalents
cash47,000-850,000-1,172,000-2,094,0001,507,0002,090,000-755,000-360,000-1,140,0003,465,963-1,403,9631,113,000-244,000-396,000932,000
overdraft000000000000000
change in cash47,000-850,000-1,172,000-2,094,0001,507,0002,090,000-755,000-360,000-1,140,0003,465,963-1,403,9631,113,000-244,000-396,000932,000

P&L

September 2023

turnover

5.5m

+10%

operating profit

-1m

-52%

gross margin

47.6%

+26.76%

turnover

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

Balance Sheet

September 2023

net assets

4.3m

-0.22%

total assets

8.4m

-0.14%

cash

740k

+0.07%

net assets

Total assets minus all liabilities

hardide plc company details

company number

05344714

Type

Public limited with Share Capital

industry

25610 - Treatment and coating of metals

incorporation date

January 2005

age

19

accounts

Group

ultimate parent company

None

previous names

hardide coatings limited (March 2005)

greatstore limited (February 2005)

incorporated

UK

address

9 longlands road, bicester, oxfordshire, OX26 5AH

last accounts submitted

September 2023

hardide plc 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 3 charges/mortgages relating to hardide plc. Currently there are 0 open charges and 3 have been satisfied in the past.

charges

hardide plc Companies House Filings - See Documents

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