Pomanda estimates the enterprise value of HERTS MIND NETWORK at £3.3m based on a Turnover of £5.9m and 0.57x industry multiple (adjusted for size and gross margin).
herts mind networkEstimated Valuation
£3.3m
Pomanda estimates the enterprise value of HERTS MIND NETWORK at £3.3m based on an EBITDA of £747.1k and a 4.38x industry multiple (adjusted for size and gross margin).
herts mind networkEstimated Valuation
£3.2m
Pomanda estimates the enterprise value of HERTS MIND NETWORK at £3.2m based on Net Assets of £1.3m and 2.35x industry multiple (adjusted for liquidity).
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Herts Mind NetworkOverview
Herts Mind Network is a live company located in hertfordshire, WD24 7RZ with a Companies House number of 05532977. It operates in the other human health activities sector, SIC Code 86900. Founded in August 2005, it's largest shareholder is
unknown.
Herts Mind Network is a mature,
mid sized company, Pomanda has estimated its turnover at
£5.9m with
high
growth in recent years.
Pomanda's financial health check has awarded Herts Mind Network a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
5 Strong
3 Regular
3 Weak
Size
annual sales of £5.9m, make it larger than the average company (£728.4k)
£5.9m - Herts Mind Network
£728.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (7.2%)
27% - Herts Mind Network
7.2% - Industry AVG
Production
with a gross margin of 38.6%, this company has a comparable cost of product (38.6%)
38.6% - Herts Mind Network
38.6% - Industry AVG
Profitability
an operating margin of 11.3% make it more profitable than the average company (5.2%)
11.3% - Herts Mind Network
5.2% - Industry AVG
Employees
with 132 employees, this is above the industry average (18)
132 - Herts Mind Network
18 - Industry AVG
Pay Structure
on an average salary of £26k, the company has an equivalent pay structure (£26.5k)
£26k - Herts Mind Network
£26.5k - Industry AVG
Efficiency
resulting in sales per employee of £44.6k, this is equally as efficient (£45.8k)
£44.6k - Herts Mind Network
£45.8k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is later than average (20 days)
63 days - Herts Mind Network
20 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is slower than average (18 days)
25 days - Herts Mind Network
18 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Herts Mind Network
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 49 weeks, this is less cash available to meet short term requirements (126 weeks)
49 weeks - Herts Mind Network
126 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 58.9%, this is a higher level of debt than the average (22.4%)
58.9% - Herts Mind Network
22.4% - Industry AVG
HERTS MIND NETWORK financials
EXPORT
Herts Mind Network's latest turnover from March 2024 is £5.9 million and the company has net assets of £1.3 million. According to their latest financial statements, Herts Mind Network has 132 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Turnover
5,882,676
4,383,902
3,093,082
2,856,436
1,304,910
2,697,781
2,302,283
2,067,854
1,754,357
3,395,125
3,257,422
2,082,878
1,190,703
739,535
770,449
729,566
Other Income Or Grants
Cost Of Sales
3,612,669
2,737,832
1,969,814
1,878,619
833,933
1,725,613
1,491,024
1,279,506
1,083,327
2,123,883
2,029,032
1,272,313
690,038
426,823
432,348
Gross Profit
2,270,007
1,646,070
1,123,268
977,817
470,977
972,168
811,259
788,348
671,030
1,271,242
1,228,389
810,565
500,665
312,712
338,101
Admin Expenses
1,605,892
1,454,534
1,028,334
827,008
449,095
888,581
851,914
838,639
736,391
1,389,673
1,231,014
812,894
473,106
211,697
291,426
-59,032
Operating Profit
664,115
191,536
94,934
150,809
21,882
83,587
-40,655
-50,291
-65,361
-118,431
-2,625
-2,329
27,559
101,015
46,675
59,032
Interest Payable
Interest Receivable
2,823
2,625
2,329
Pre-Tax Profit
560,947
193,129
81,768
122,589
18,113
71,384
-36,692
-49,019
-64,045
-115,608
22,871
76,602
35,179
43,218
Tax
Profit After Tax
560,947
193,129
81,768
122,589
18,113
71,384
-36,692
-49,019
-64,045
-115,608
22,871
76,602
35,179
43,218
Dividends Paid
Retained Profit
560,947
193,129
81,768
122,589
18,113
71,384
-36,692
-49,019
-64,045
-115,608
22,871
76,602
35,179
43,218
Employee Costs
3,427,413
2,632,230
2,070,558
2,031,326
894,144
1,732,570
1,439,330
1,224,147
967,199
1,887,739
1,805,724
1,177,377
565,169
499,391
526,882
451,891
Number Of Employees
132
103
89
101
117
82
76
57
49
89
84
55
26
16
19
18
EBITDA*
747,076
223,964
124,373
174,513
34,185
103,446
-21,135
-23,383
-18,341
-47,870
74,897
56,692
41,436
106,340
54,967
69,264
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Tangible Assets
225,337
91,372
70,845
67,042
29,616
30,610
33,327
31,569
47,585
82,721
139,807
150,213
59,738
24,263
21,686
21,149
Intangible Assets
78,666
84,703
13,491
7,810
12,930
1,483
6,403
13,175
6,188
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
304,003
176,075
84,336
74,852
42,546
32,093
39,730
44,744
53,773
82,721
139,807
150,213
59,738
24,263
21,686
21,149
Stock & work in progress
Trade Debtors
1,027,779
1,060,261
702,926
138,100
626,003
146,250
250,416
151,609
93,950
179,023
144,739
126,721
137,008
6,240
5,960
12,758
Group Debtors
Misc Debtors
117,454
115,485
98,045
39,728
76,125
192,531
48,012
45,000
63,472
Cash
1,837,912
1,355,021
851,793
751,946
319,404
640,720
570,448
486,333
531,310
521,307
607,781
442,053
489,436
524,143
476,322
397,388
misc current assets
total current assets
2,983,145
2,530,767
1,652,764
929,774
1,021,532
979,501
868,876
682,942
688,732
700,330
752,520
568,774
626,444
530,383
482,282
410,146
total assets
3,287,148
2,706,842
1,737,100
1,004,626
1,064,078
1,011,594
908,606
727,686
742,505
783,051
892,327
718,987
686,182
554,646
503,968
431,295
Bank overdraft
Bank loan
Trade Creditors
252,016
152,304
48,176
43,277
37,417
84,957
102,394
116,490
109,213
331,373
325,041
99,585
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
1,685,278
1,765,631
1,093,146
447,339
635,240
553,329
504,291
272,583
245,659
95,880
23,442
49,366
11,872
total current liabilities
1,937,294
1,917,935
1,141,322
490,616
672,657
638,286
606,685
389,073
354,872
331,373
325,041
99,585
95,880
23,442
49,366
11,872
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
1,937,294
1,917,935
1,141,322
490,616
672,657
638,286
606,685
389,073
354,872
331,373
325,041
99,585
95,880
23,442
49,366
11,872
net assets
1,349,854
788,907
595,778
514,010
391,421
373,308
301,921
338,613
387,633
451,678
567,286
619,402
590,302
531,204
454,602
419,423
total shareholders funds
1,349,854
788,907
595,778
514,010
391,421
373,308
301,921
338,613
387,633
451,678
567,286
619,402
590,302
531,204
454,602
419,423
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Sep 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
664,115
191,536
94,934
150,809
21,882
83,587
-40,655
-50,291
-65,361
-118,431
-2,625
-2,329
27,559
101,015
46,675
59,032
Depreciation
42,408
20,150
21,233
18,584
8,233
19,859
19,520
26,908
44,988
70,561
77,522
59,021
13,877
5,325
8,292
10,232
Amortisation
40,553
12,278
8,206
5,120
4,070
2,032
Tax
Stock
Debtors
-30,513
374,775
623,143
-524,300
363,347
40,353
101,819
39,187
-21,601
34,284
18,018
-10,287
130,768
280
-6,798
12,758
Creditors
99,712
104,128
4,899
5,860
-47,540
-17,437
-14,096
7,277
-222,160
6,332
225,456
99,585
Accruals and Deferred Income
-80,353
672,485
645,807
-187,901
81,911
49,038
231,708
26,924
245,659
-95,880
72,438
-25,924
37,494
11,872
Deferred Taxes & Provisions
Cash flow from operations
796,948
625,802
151,936
516,772
-294,791
94,694
94,658
-28,369
26,759
-75,822
282,335
70,684
-16,894
80,136
99,259
68,378
Investing Activities
capital expenditure
-14,506
-17,879
-16,040
-13,475
-67,116
-149,496
-49,352
-7,902
-8,829
-31,381
Change in Investments
cash flow from investments
-14,506
-17,879
-16,040
-13,475
-67,116
-149,496
-49,352
-7,902
-8,829
-31,381
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
3
-1
-52,116
29,100
36,227
376,205
interest
2,823
2,625
2,329
cash flow from financing
3
-1
2,823
-49,491
31,429
36,227
376,205
cash and cash equivalents
cash
482,891
503,228
99,847
432,542
-321,316
70,272
84,115
-44,977
10,003
-86,474
165,728
-47,383
-34,707
47,821
78,934
397,388
overdraft
change in cash
482,891
503,228
99,847
432,542
-321,316
70,272
84,115
-44,977
10,003
-86,474
165,728
-47,383
-34,707
47,821
78,934
397,388
herts mind network Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for herts mind network. Get real-time insights into herts mind network's credit score, group structure and payment trends.
Perform a competitor analysis for herts mind network by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in WD24 area or any other competitors across 12 key performance metrics.
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
86900 - Other human health activities
incorporation date
August 2005
age
20
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
herts mind network limited (August 2024)
mind in dacorum ltd (August 2007)
accountant
-
auditor
MYERS CLARK
address
501 st. albans road, watford, hertfordshire, WD24 7RZ
Bank
CAF BANK LTD
Legal Advisor
S A LAW LLP
herts mind network 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 1 charges/mortgages relating to herts mind network. Currently there are 1 open charges and 0 have been satisfied in the past.
herts mind network 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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herts mind networkCompanies House Filings - See Documents
