Charles Hinitt & Associates Limited

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charles hinitt & associates limited Company Information

Live

EstablishedMicroRapid

Company Number

05458371

Website

www.charleshinitt.com

Registered Address

hunters way holywell road, malvern, worcestershire, WR14 4LF

Industry

Accounting, and auditing activities

Telephone

01684563000

Next Accounts Due

September 2025

Group Structure

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Directors

Charles Hinitt19 Years

Shareholders

charles alan john hinitt 59.4%

anita dawn hinitt 39.6%

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charles hinitt & associates limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of CHARLES HINITT & ASSOCIATES LIMITED at £2.6m based on Net Assets of £857.9k and 3.03x industry multiple (adjusted for liquidity).

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Charles Hinitt & Associates Limited is a live company located in worcestershire, WR14 4LF with a Companies House number of 05458371. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in May 2005, it's largest shareholder is charles alan john hinitt with a 59.4% stake. Charles Hinitt & Associates Limited is a established, micro sized company, Pomanda has estimated its turnover at £483.7k with rapid growth in recent years.

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Pomanda's financial health check has awarded Charles Hinitt & Associates Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £483.7k, make it larger than the average company (£130.8k)

Growth

3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (7.8%)

EXPORT

Charles Hinitt & Associates Limited's latest turnover from December 2023 is estimated at £483.7 thousand and the company has net assets of £857.9 thousand. According to their latest financial statements, Charles Hinitt & Associates Limited has 6 employees and maintains cash reserves of £627 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	483,728	397,740	213,327	207,417	195,560	332,387	398,406	329,356	267,936	532,763	391,176	420,415	485,094	318,564	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	269,999	215,279	110,073	99,059	95,563	146,377	147,046	147,930	126,932	215,939	144,874	173,523	181,824	133,376	0
Gross Profit	213,729	182,461	103,253	108,357	99,997	186,009	251,360	181,426	141,005	316,824	246,302	246,892	303,270	185,188	0
Admin Expenses	192,395	-13,744	94,736	-47,267	119,387	88,886	165,949	83,753	71,310	239,070	230,929	198,595	267,638	146,487	-102,810
Operating Profit	21,334	196,205	8,517	155,624	-19,390	97,123	85,411	97,673	69,695	77,754	15,373	48,297	35,632	38,701	102,810
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	31,426	20,037	1,407	517	2,965	2,398	667	612	889	550	418	312	233	171	62
Pre-Tax Profit	52,760	216,242	9,925	156,141	-16,425	99,521	86,078	98,285	70,584	78,304	15,791	48,609	35,865	38,872	102,872
Tax	-13,190	-41,086	-1,886	-29,667	0	-18,909	-16,355	-19,657	-14,117	-16,444	-3,632	-11,666	-9,325	-10,884	-28,804
Profit After Tax	39,570	175,156	8,039	126,474	-16,425	80,612	69,723	78,628	56,467	61,860	12,159	36,943	26,540	27,988	74,068
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	39,570	175,156	8,039	126,474	-16,425	80,612	69,723	78,628	56,467	61,860	12,159	36,943	26,540	27,988	74,068
Employee Costs	131,134	140,667	112,553	107,868	133,058	144,645	132,294	150,604	63,258	151,693	113,401	138,909	163,680	101,740	0
Number Of Employees	6	6	5	5	6	6	6	5	2	5	4	5	6	4	0
EBITDA*	26,822	201,443	13,217	157,651	-16,002	101,016	88,845	103,386	74,044	84,851	21,882	55,438	42,674	44,771	108,902

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	21,957	13,006	16,203	6,931	8,958	12,346	14,639	12,468	14,051	18,400	19,201	19,733	22,136	21,240	21,862
Intangible Assets	27,613	27,613	27,613	27,613	27,613	27,613	27,613	27,613	27,613	27,613	27,613	27,613	27,613	27,613	27,613
Investments & Other	0	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	0
Total Fixed Assets	49,570	40,619	43,816	34,544	36,571	39,959	42,252	40,081	41,664	46,013	46,814	47,346	49,749	48,853	49,475
Stock & work in progress	20,000	40,000	40,000	15,000	40,000	25,000	20,000	20,000	25,000	15,000	15,000	11,500	9,500	9,500	8,500
Trade Debtors	319,180	242,979	119,001	99,900	94,435	191,739	213,600	145,018	84,150	132,386	107,139	107,447	123,709	77,156	81,662
Group Debtors	0	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	0	0
Cash	627,015	630,038	514,939	610,893	422,292	368,275	271,252	262,485	227,496	128,088	91,955	75,303	49,581	43,687	24,890
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	966,195	913,017	673,940	725,793	556,727	585,014	504,852	427,503	336,646	275,474	214,094	194,250	182,790	130,343	115,052
total assets	1,015,765	953,636	717,756	760,337	593,298	624,973	547,104	467,584	378,310	321,487	260,908	241,596	232,539	179,196	164,527
Bank overdraft	0	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	0
Trade Creditors	153,358	132,053	71,676	123,882	84,634	99,884	102,627	92,831	82,185	81,829	83,110	71,963	92,816	70,779	77,309
Group/Directors Accounts	0	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	0
hp & lease commitments	0	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	0	0	0
total current liabilities	153,358	132,053	71,676	123,882	84,634	99,884	102,627	92,831	82,185	81,829	83,110	71,963	92,816	70,779	77,309
loans	0	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	3,994	11,027	6,261	13,050
provisions	4,504	3,250	2,903	1,317	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	4,504	3,250	2,903	1,317	0	0	0	0	0	0	0	3,994	11,027	6,261	13,050
total liabilities	157,862	135,303	74,579	125,199	84,634	99,884	102,627	92,831	82,185	81,829	83,110	75,957	103,843	77,040	90,359
net assets	857,903	818,333	643,177	635,138	508,664	525,089	444,477	374,753	296,125	239,658	177,798	165,639	128,696	102,156	74,168
total shareholders funds	857,903	818,333	643,177	635,138	508,664	525,089	444,477	374,753	296,125	239,658	177,798	165,639	128,696	102,156	74,168

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	21,334	196,205	8,517	155,624	-19,390	97,123	85,411	97,673	69,695	77,754	15,373	48,297	35,632	38,701	102,810
Depreciation	5,488	5,238	4,700	2,027	3,388	3,893	3,434	5,713	4,349	7,097	6,509	7,141	7,042	6,070	6,092
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-13,190	-41,086	-1,886	-29,667	0	-18,909	-16,355	-19,657	-14,117	-16,444	-3,632	-11,666	-9,325	-10,884	-28,804
Stock	-20,000	0	25,000	-25,000	15,000	5,000	0	-5,000	10,000	0	3,500	2,000	0	1,000	8,500
Debtors	76,201	123,978	19,101	5,465	-97,304	-21,861	68,582	60,868	-48,236	25,247	-308	-16,262	46,553	-4,506	81,662
Creditors	21,305	60,377	-52,206	39,248	-15,250	-2,743	9,796	10,646	356	-1,281	11,147	-20,853	22,037	-6,530	77,309
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	1,254	347	1,586	1,317	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-20,010	97,103	-83,390	188,084	51,052	96,225	13,704	38,507	98,519	41,879	26,205	37,181	8,833	30,863	67,245
Investing Activities
capital expenditure	-14,439	-2,041	-13,972	0	0	-1,600	-5,605	-4,130	0	-6,296	-5,977	-4,738	-7,938	-5,448	-55,567
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-14,439	-2,041	-13,972	0	0	-1,600	-5,605	-4,130	0	-6,296	-5,977	-4,738	-7,938	-5,448	-55,567
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	-3,994	-7,033	4,766	-6,789	13,050
share issue	0	0	0	0	0	0	1	0	0	0	0	0	0	0	100
interest	31,426	20,037	1,407	517	2,965	2,398	667	612	889	550	418	312	233	171	62
cash flow from financing	31,426	20,037	1,407	517	2,965	2,398	668	612	889	550	-3,576	-6,721	4,999	-6,618	13,212
cash and cash equivalents
cash	-3,023	115,099	-95,954	188,601	54,017	97,023	8,767	34,989	99,408	36,133	16,652	25,722	5,894	18,797	24,890
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-3,023	115,099	-95,954	188,601	54,017	97,023	8,767	34,989	99,408	36,133	16,652	25,722	5,894	18,797	24,890

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CHARLES HINITT & ASSOCIATES LIMITED group structure

Charles Hinitt & Associates Limited has no subsidiary companies.

Ultimate parent company

CHARLES HINITT & ASSOCIATES LIMITED

05458371

CHARLES HINITT & ASSOCIATES LIMITED Shareholders

charles alan john hinitt	59.41%
anita dawn hinitt	39.6%
felicity hinitt	0.99%

Charles Hinitt & Associates Limited currently has 1 director, Mr Charles Hinitt serving since May 2005.

officer	country	age	start	end	role
Mr Charles Hinitt	England	68 years	May 2005	-	Director

P&L

December 2023

turnover

483.7k

+22%

operating profit

21.3k

gross margin

44.2%

-3.69%

turnover

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

Balance Sheet

December 2023

net assets

857.9k

+0.05%

total assets

+0.07%

cash

627k

net assets

Total assets minus all liabilities

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company number

05458371

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

May 2005

ultimate parent company

None

previous names

richards hinitt (malvern) limited (September 2005)

address

hunters way holywell road, malvern, worcestershire, WR14 4LF

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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charles hinitt & associates limited Company Information

charles hinitt & associates limited Estimated Valuation

charles hinitt & associates limited Estimated Valuation

charles hinitt & associates limited Estimated Valuation

Charles Hinitt & Associates Limited Overview

Charles Hinitt & Associates Limited Health Check

CHARLES HINITT & ASSOCIATES LIMITED financials

charles hinitt & associates limited Credit Report and Business Information

Charles Hinitt & Associates Limited Competitor Analysis

charles hinitt & associates limited Ownership

charles hinitt & associates limited directors

charles hinitt & associates limited company details

charles hinitt & associates limited Charges & Mortgages

charles hinitt & associates limited Companies House Filings - See Documents