Hovik Joinery Limited

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hovik joinery limited Company Information

Live

EstablishedSmallDeclining

Company Number

05384533

Website

hovikjoinery.co.uk

Registered Address

112 princes gardens, london, W3 0LJ

Industry

Other building completion and finishing

Other construction installation

Telephone

02088399006

Next Accounts Due

December 2024

Group Structure

View All

Directors

Hovik Avejan19 Years

Shareholders

hovik limited 100%

hovik joinery limited Estimated Valuation

£258.7k

Pomanda estimates the enterprise value of HOVIK JOINERY LIMITED at £258.7k based on a Turnover of £756.5k and 0.34x industry multiple (adjusted for size and gross margin).

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Hovik Joinery Limited is a live company located in london, W3 0LJ with a Companies House number of 05384533. It operates in the other construction installation sector, SIC Code 43290. Founded in March 2005, it's largest shareholder is hovik limited with a 100% stake. Hovik Joinery Limited is a established, small sized company, Pomanda has estimated its turnover at £756.5k with declining growth in recent years.

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

Health Rating4.5out of 5

5 Strong

1 Regular

5 Weak

Size

annual sales of £756.5k, make it larger than the average company (£561.4k)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (6.6%)

EXPORT

Hovik Joinery Limited's latest turnover from March 2023 is estimated at £756.5 thousand and the company has net assets of £358.5 thousand. According to their latest financial statements, Hovik Joinery Limited has 2 employees and maintains cash reserves of £268 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	756,466	638,394	625,818	828,701	574,743	521,580	184,548	370,953	272,176	498,271	365,241	485,767	640,933	592,564
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	639,075	539,999	520,048	684,547	471,804	431,709	151,116	302,575	220,129	410,799	301,700	400,093	418,374	471,680
Gross Profit	117,391	98,395	105,770	144,154	102,939	89,871	33,433	68,378	52,047	87,472	63,541	85,674	222,559	120,884
Admin Expenses	85,804	47,118	147,898	150,003	97,353	-128,532	41,960	-65,108	101,960	-22,873	112,122	59,158	255,213	35,038
Operating Profit	31,587	51,277	-42,128	-5,849	5,586	218,403	-8,527	133,486	-49,913	110,345	-48,581	26,516	-32,654	85,846
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	9,270	1,570	125	71	2,131	1,460	459	846	750	526	547	484	0	0
Pre-Tax Profit	40,857	52,847	-42,003	-5,778	7,717	219,863	-8,068	134,331	-49,163	110,871	-48,034	27,000	-40,798	78,735
Tax	-7,763	-10,041	0	0	-1,466	-41,774	0	-26,866	0	-25,500	0	-7,020	8,454	-16,729
Profit After Tax	33,094	42,806	-42,003	-5,778	6,251	178,089	-8,068	107,465	-49,163	85,371	-48,034	19,980	-32,344	62,006
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	14,000	30,000
Retained Profit	33,094	42,806	-42,003	-5,778	6,251	178,089	-8,068	107,465	-49,163	85,371	-48,034	19,980	-46,344	32,006
Employee Costs	71,603	108,835	106,405	144,658	73,522	69,746	71,833	36,993	36,652	69,826	65,697	64,553	94,993	94,295
Number Of Employees	2	3	3	4	2	2	2	1	1	2	2	2	3	3
EBITDA*	49,412	59,203	-42,128	1,603	13,829	227,497	-8,527	143,495	-41,914	123,772	-34,844	29,118	-29,659	89,839

* 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	141,776	38,772	18,433	22,142	29,594	36,380	24,724	30,023	40,032	40,282	41,211	7,806	8,985	11,980
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	69,009
Total Fixed Assets	141,776	38,772	18,433	22,142	29,594	36,380	24,724	30,023	40,032	40,282	41,211	7,806	8,985	80,989
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	222,933	239,810	246,443	358,253	227,890	91,146	26,882	54,069	23,850	72,977	54,580	64,585	63,562	0
Group Debtors	0	0	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	0	2,000
Cash	268,001	168,242	250,471	0	142,448	425,917	158,008	208,869	129,413	170,751	39,733	179,134	14,463	109,439
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	490,934	408,052	496,914	358,253	370,338	517,063	184,890	262,938	153,263	243,728	94,313	243,719	78,025	111,439
total assets	632,710	446,824	515,347	380,395	399,932	553,443	209,614	292,961	193,295	284,010	135,524	251,525	87,010	192,428
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	204,485	106,407	111,917	50,248	66,859	229,277	63,537	138,816	146,615	188,167	125,052	193,019	13,602	32,630
Group/Directors Accounts	0	0	0	0	2,656	0	0	0	0	0	0	0	1,696	9,275
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	0	0	0	0	0	0	0	0	0	0	0	0	33,186	65,653
total current liabilities	204,485	106,407	111,917	50,248	69,515	229,277	63,537	138,816	146,615	188,167	125,052	193,019	48,484	107,558
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	5,510	0	0	0	0	0	0	0	0	0	0
other liabilities	69,689	14,975	120,794	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	69,689	14,975	120,794	5,510	0	0	0	0	0	0	0	0	0	0
total liabilities	274,174	121,382	232,711	55,758	69,515	229,277	63,537	138,816	146,615	188,167	125,052	193,019	48,484	107,558
net assets	358,536	325,442	282,636	324,637	330,417	324,166	146,077	154,145	46,680	95,843	10,472	58,506	38,526	84,870
total shareholders funds	358,536	325,442	282,636	324,637	330,417	324,166	146,077	154,145	46,680	95,843	10,472	58,506	38,526	84,870

	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	31,587	51,277	-42,128	-5,849	5,586	218,403	-8,527	133,486	-49,913	110,345	-48,581	26,516	-32,654	85,846
Depreciation	17,825	7,926	0	7,452	8,243	9,094	0	10,009	7,999	13,427	13,737	2,602	2,995	3,993
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-7,763	-10,041	0	0	-1,466	-41,774	0	-26,866	0	-25,500	0	-7,020	8,454	-16,729
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-16,877	-6,633	-111,810	130,363	136,744	64,264	-27,187	30,219	-49,127	18,397	-10,005	1,023	-7,447	71,009
Creditors	98,078	-5,510	61,669	-16,611	-162,418	165,740	-75,279	-7,799	-41,552	63,115	-67,967	179,417	-19,028	32,630
Accruals and Deferred Income	0	0	-5,510	5,510	0	0	0	0	0	0	0	-33,186	-32,467	65,653
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	156,604	50,285	125,841	-139,861	-286,799	287,199	-56,619	78,611	-34,339	142,990	-92,806	167,306	-65,253	100,384
Investing Activities
capital expenditure	-120,829	-28,265	3,709	0	-1,457	-20,750	5,299	0	-7,749	-12,498	-47,142	-1,423	0	-15,973
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-120,829	-28,265	3,709	0	-1,457	-20,750	5,299	0	-7,749	-12,498	-47,142	-1,423	0	-15,973
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-2,656	2,656	0	0	0	0	0	0	-1,696	-7,579	9,275
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	54,714	-105,819	120,794	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	2	-2	0	0	0	0	0	0	0	0	0	52,864
interest	9,270	1,570	125	71	2,131	1,460	459	846	750	526	547	484	0	0
cash flow from financing	63,984	-104,249	120,921	-2,587	4,787	1,460	459	846	750	526	547	-1,212	-7,579	62,139
cash and cash equivalents
cash	99,759	-82,229	250,471	-142,448	-283,469	267,909	-50,861	79,456	-41,338	131,018	-139,401	164,671	-94,976	109,439
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	99,759	-82,229	250,471	-142,448	-283,469	267,909	-50,861	79,456	-41,338	131,018	-139,401	164,671	-94,976	109,439

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 hovik joinery limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in W 3 area or any other competitors across 12 key performance metrics.

HOVIK JOINERY LIMITED group structure

Hovik Joinery Limited has no subsidiary companies.

Ultimate parent company

HOVIK JOINERY LIMITED

05384533

HOVIK JOINERY LIMITED Shareholders

hovik limited

100%

Hovik Joinery Limited currently has 1 director, Mr Hovik Avejan serving since Mar 2005.

officer	country	age	start	end	role
Mr Hovik Avejan	United Kingdom	58 years	Mar 2005	-	Director

P&L

March 2023

turnover

756.5k

+18%

operating profit

31.6k

gross margin

15.6%

+0.68%

turnover

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

Balance Sheet

March 2023

net assets

358.5k

+0.1%

total assets

632.7k

+0.42%

cash

268k

+0.59%

net assets

Total assets minus all liabilities

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company number

05384533

Type

Private limited with Share Capital

industry

43390 - Other building completion and finishing

43290 - Other construction installation

incorporation date

March 2005

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

112 princes gardens, london, W3 0LJ

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 hovik joinery limited.

hovik joinery limited Company Information

hovik joinery limited Estimated Valuation

hovik joinery limited Estimated Valuation

hovik joinery limited Estimated Valuation

Hovik Joinery Limited Overview

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HOVIK JOINERY LIMITED financials

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