honestus limited

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honestus limited Company Information

Share HONESTUS LIMITED

Company Number

05503011

Directors

Paul Lawrence

Shareholders

paul douglas lawrence

jayne margaret lawrence

Group Structure

View All

Industry

Temporary employment agency activities

 

Registered Address

2 haselor road, edgbaston, sutton coldfield, west midlands, B73 5DW

honestus limited Estimated Valuation

£12.6k

Pomanda estimates the enterprise value of HONESTUS LIMITED at £12.6k based on a Turnover of £96k and 0.13x industry multiple (adjusted for size and gross margin).

honestus limited Estimated Valuation

£59.4k

Pomanda estimates the enterprise value of HONESTUS LIMITED at £59.4k based on an EBITDA of £25.5k and a 2.33x industry multiple (adjusted for size and gross margin).

honestus limited Estimated Valuation

£23.9k

Pomanda estimates the enterprise value of HONESTUS LIMITED at £23.9k based on Net Assets of £18.4k and 1.3x industry multiple (adjusted for liquidity).

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Honestus Limited Overview

Honestus Limited is a live company located in sutton coldfield, B73 5DW with a Companies House number of 05503011. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in July 2005, it's largest shareholder is paul douglas lawrence with a 75% stake. Honestus Limited is a mature, micro sized company, Pomanda has estimated its turnover at £96k with high growth in recent years.

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Honestus Limited Health Check

Pomanda's financial health check has awarded Honestus Limited a 3.5 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 Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £96k, make it smaller than the average company (£14.5m)

£96k - Honestus Limited

£14.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (7.6%)

24% - Honestus Limited

7.6% - Industry AVG

production

Production

with a gross margin of 11.2%, this company has a higher cost of product (18.4%)

11.2% - Honestus Limited

18.4% - Industry AVG

profitability

Profitability

an operating margin of 26.6% make it more profitable than the average company (2.6%)

26.6% - Honestus Limited

2.6% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (54)

1 - Honestus Limited

54 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)

£50.1k - Honestus Limited

£50.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £96k, this is less efficient (£207.7k)

£96k - Honestus Limited

£207.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 80 days, this is later than average (43 days)

80 days - Honestus Limited

43 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 11 days, this is slower than average (4 days)

11 days - Honestus Limited

4 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Honestus Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Honestus Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 12.9%, this is a lower level of debt than the average (68.6%)

12.9% - Honestus Limited

68.6% - Industry AVG

HONESTUS LIMITED financials

EXPORTms excel logo

Honestus Limited's latest turnover from January 2024 is estimated at £96 thousand and the company has net assets of £18.4 thousand. According to their latest financial statements, Honestus Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Turnover96,02538,00023,56550,29426,07315,44414,22714,80060,909595,59664,19884,223156,379296,731341,464
Other Income Or Grants
Cost Of Sales85,32033,88821,31645,48323,31713,76712,61413,16754,085526,75956,25974,171136,715260,082297,891
Gross Profit10,7054,1122,2494,8112,7561,6761,6121,6326,82468,8387,93910,05219,66336,64943,573
Admin Expenses-14,8236,8856,998-3,2102,7561,6761,61238,95439,560-13,3155,3459,51522,85737,08035,205
Operating Profit25,528-2,773-4,7498,021-37,322-32,73682,1532,594537-3,194-4318,368
Interest Payable
Interest Receivable57386271
Pre-Tax Profit25,528-2,773-4,7498,021-37,265-32,35082,4242,594537-3,194-4318,368
Tax-6,382-1,524-17,309-597-129-2,343
Profit After Tax19,146-2,773-4,7496,497-37,265-32,35065,1151,997408-3,194-4316,025
Dividends Paid
Retained Profit19,146-2,773-4,7496,497-37,265-32,35065,1151,997408-3,194-4316,025
Employee Costs50,10949,47046,37642,16442,58539,72339,36439,83338,99075,53237,90537,71737,29135,81135,871
Number Of Employees111111111211111
EBITDA*25,528-2,773-4,7498,021-37,322-32,71982,1762,625578-3,194-3778,441

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Tangible Assets51515151516891122163163217
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets51515151516891122163163217
Stock & work in progress
Trade Debtors21,1452,6538,8061,9081,9081,9081,9083,57510,56112,451
Group Debtors
Misc Debtors12,45125,87025,870
Cash45,729108,520
misc current assets
total current assets21,1452,6538,8061,9081,9081,9081,90849,304108,52010,56112,45112,45125,87025,870
total assets21,1452,6538,8061,9591,9591,9591,95949,355108,58810,65212,57312,61426,03326,087
Bank overdraft
Bank loan
Trade Creditors 2,7197206002,0041,6541,6541,6541,65411,68538,5685,7479,66510,11420,33919,962
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities2,7197206002,0041,6541,6541,6541,65411,68538,5685,7479,66510,11420,33919,962
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities2,7197206002,0041,6541,6541,6541,65411,68538,5685,7479,66510,11420,33919,962
net assets18,426-7202,0536,80230530530530537,67070,0204,9052,9082,5005,6946,125
total shareholders funds18,426-7202,0536,80230530530530537,67070,0204,9052,9082,5005,6946,125
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit25,528-2,773-4,7498,021-37,322-32,73682,1532,594537-3,194-4318,368
Depreciation172331415473
Amortisation
Tax-6,382-1,524-17,309-597-129-2,343
Stock
Debtors21,145-2,653-6,1536,898-1,6673,575-10,561-1,890-13,41925,870
Creditors1,999120-1,404350-10,031-26,88332,821-3,918-449-10,22537719,962
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations-51-45,686-63,177108,249190
Investing Activities
capital expenditure51-290
Change in Investments
cash flow from investments51-290
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-100100
interest57386271
cash flow from financing-43386271100
cash and cash equivalents
cash-45,729-62,791108,520
overdraft
change in cash-45,729-62,791108,520

honestus limited 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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Honestus Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for honestus limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in B73 area or any other competitors across 12 key performance metrics.

honestus limited Ownership

HONESTUS LIMITED group structure

Honestus Limited has no subsidiary companies.

Ultimate parent company

HONESTUS LIMITED

05503011

HONESTUS LIMITED Shareholders

paul douglas lawrence 75%
jayne margaret lawrence 25%

honestus limited directors

Honestus Limited currently has 1 director, Mr Paul Lawrence serving since Jul 2005.

officercountryagestartendrole
Mr Paul LawrenceUnited Kingdom67 years Jul 2005- Director

P&L

January 2024

turnover

96k

+153%

operating profit

25.5k

0%

gross margin

11.2%

+3.02%

turnover

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

Balance Sheet

January 2024

net assets

18.4k

-26.59%

total assets

21.1k

0%

cash

0

0%

net assets

Total assets minus all liabilities

honestus limited company details

company number

05503011

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

July 2005

age

20

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

January 2024

previous names

N/A

accountant

-

auditor

-

address

2 haselor road, edgbaston, sutton coldfield, west midlands, B73 5DW

Bank

-

Legal Advisor

-

honestus limited 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 did not find charges/mortgages relating to honestus limited.

honestus limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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honestus limited Companies House Filings - See Documents

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