harmony properties (uk) limited Company Information
Company Number
05534583
Website
http://bournecapital.comRegistered Address
73 cornhill, london, EC3V 3QQ
Industry
Development of building projects
Telephone
02079604141
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
happybadge projects ltd 100%
harmony properties (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of HARMONY PROPERTIES (UK) LIMITED at £998.4k based on a Turnover of £1.8m and 0.55x industry multiple (adjusted for size and gross margin).
harmony properties (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of HARMONY PROPERTIES (UK) LIMITED at £11.8m based on an EBITDA of £2.9m and a 4.1x industry multiple (adjusted for size and gross margin).
harmony properties (uk) limited Estimated Valuation
Pomanda estimates the enterprise value of HARMONY PROPERTIES (UK) LIMITED at £53m based on Net Assets of £39.6m and 1.34x industry multiple (adjusted for liquidity).
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Harmony Properties (uk) Limited Overview
Harmony Properties (uk) Limited is a live company located in london, EC3V 3QQ with a Companies House number of 05534583. It operates in the development of building projects sector, SIC Code 41100. Founded in August 2005, it's largest shareholder is happybadge projects ltd with a 100% stake. Harmony Properties (uk) Limited is a established, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.
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Harmony Properties (uk) Limited Health Check
Pomanda's financial health check has awarded Harmony Properties (Uk) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
![Health Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
5 Strong
![positive_score](/assets/images/scoreRate1.png)
4 Regular
![positive_score](/assets/images/scoreRate0.png)
2 Weak
![size](/assets/images/scoreRate1.png)
Size
annual sales of £1.8m, make it in line with the average company (£2.3m)
- Harmony Properties (uk) Limited
£2.3m - Industry AVG
![growth](/assets/images/scoreRate0.png)
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (1.8%)
- Harmony Properties (uk) Limited
1.8% - Industry AVG
![production](/assets/images/scoreRate1.png)
Production
with a gross margin of 25.9%, this company has a comparable cost of product (25.9%)
- Harmony Properties (uk) Limited
25.9% - Industry AVG
![profitability](/assets/images/scoreRate2.png)
Profitability
an operating margin of 157.8% make it more profitable than the average company (9.8%)
- Harmony Properties (uk) Limited
9.8% - Industry AVG
![employees](/assets/images/scoreRate2.png)
Employees
with 10 employees, this is above the industry average (6)
10 - Harmony Properties (uk) Limited
6 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £47.7k, the company has an equivalent pay structure (£47.7k)
- Harmony Properties (uk) Limited
£47.7k - Industry AVG
![efficiency](/assets/images/scoreRate0.png)
Efficiency
resulting in sales per employee of £182.1k, this is less efficient (£289k)
- Harmony Properties (uk) Limited
£289k - Industry AVG
![debtordays](/assets/images/scoreRate1.png)
Debtor Days
it gets paid by customers after 30 days, this is near the average (30 days)
- Harmony Properties (uk) Limited
30 days - Industry AVG
![creditordays](/assets/images/scoreRate2.png)
Creditor Days
its suppliers are paid after 34 days, this is slower than average (30 days)
- Harmony Properties (uk) Limited
30 days - Industry AVG
![stockdays](/assets/images/scoreRate-1.png)
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Harmony Properties (uk) Limited
- - Industry AVG
![cashbalance](/assets/images/scoreRate2.png)
Cash Balance
has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (12 weeks)
18 weeks - Harmony Properties (uk) Limited
12 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate2.png)
Debt Level
it has a ratio of liabilities to total assets of 56.3%, this is a lower level of debt than the average (74.9%)
56.3% - Harmony Properties (uk) Limited
74.9% - Industry AVG
HARMONY PROPERTIES (UK) LIMITED financials
![ms excel logo](/assets/images/ms_excel_logo.png)
Harmony Properties (Uk) Limited's latest turnover from December 2022 is estimated at £1.8 million and the company has net assets of £39.6 million. According to their latest financial statements, Harmony Properties (Uk) Limited has 10 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 3,354,093 | 3,053,531 | 2,850,562 | 2,834,371 | ||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | 1,396,315 | 1,202,355 | 1,119,542 | 1,079,689 | ||||||||||
Interest Payable | 1,145,080 | 1,057,246 | 1,162,727 | 1,160,218 | ||||||||||
Interest Receivable | 0 | 0 | 0 | 178 | ||||||||||
Pre-Tax Profit | 251,235 | 145,109 | -43,185 | -80,351 | ||||||||||
Tax | 0 | 0 | 0 | 0 | ||||||||||
Profit After Tax | 251,235 | 145,109 | -43,185 | -80,351 | ||||||||||
Dividends Paid | 0 | 0 | 0 | 0 | ||||||||||
Retained Profit | 251,235 | 145,109 | -43,185 | -80,351 | ||||||||||
Employee Costs | 206,664 | 1,027 | 19,357 | 125,226 | 146,296 | 154,758 | 168,191 | |||||||
Number Of Employees | 10 | 10 | 10 | 12 | 17 | 10 | 1 | 1 | 8 | 7 | 7 | 7 | ||
EBITDA* | 1,484,356 | 1,253,594 | 1,170,018 | 1,133,911 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 460,223 | 542,357 | 540,242 | 385,863 | 245,414 | 111,915 | 126,389 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 76,000,000 | 76,000,000 | 76,000,000 | 85,575,000 | 85,575,000 | 65,220,000 | 65,380,000 | 55,120,000 | 35,000,000 | 30,000,000 | 23,850,000 | 24,750,000 | 26,000,000 | 29,136,286 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 13,542,724 | 2,527,725 | 3,312,970 | 1,576,565 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 76,000,000 | 76,000,000 | 76,000,000 | 85,575,000 | 99,117,724 | 67,747,725 | 68,692,970 | 57,156,788 | 35,542,357 | 30,540,242 | 24,235,863 | 24,995,414 | 26,111,915 | 29,262,675 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 151,578 | 221,077 | 440,366 | 227,505 | 465,573 | 323,105 | 544,263 | 144,748 | 304,973 | 365,278 | 96,922 | 284,562 | 221,593 | 285,224 |
Group Debtors | 12,763,443 | 12,883,730 | 13,421,367 | 14,897,072 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 345,587 | 421,629 | 518,144 | 450,226 | 344,527 | 305,380 | 917,160 | 119,830 | 124,701 | 0 | 117,199 | 111,691 | 194,770 | 303,092 |
Cash | 1,160,582 | 1,219,263 | 996,680 | 1,842,387 | 407,958 | 859,333 | 63,112 | 125,243 | 63,148 | 688 | 153,610 | 795 | 192,484 | 186,715 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 14,421,190 | 14,745,699 | 15,376,557 | 17,417,190 | 1,218,058 | 1,487,818 | 1,524,535 | 389,821 | 492,822 | 365,966 | 367,731 | 397,048 | 608,847 | 775,031 |
total assets | 90,421,190 | 90,745,699 | 91,376,557 | 102,992,190 | 100,335,782 | 69,235,543 | 70,217,505 | 57,546,609 | 36,035,179 | 30,906,208 | 24,603,594 | 25,392,462 | 26,720,762 | 30,037,706 |
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 | 126,539 | 281,071 | 435,043 | 262,523 | 185,434 | 264,312 | 969,092 | 216,985 | 175,146 | 4,164,979 | 97,279 | 109,051 | 77,242 | 145,849 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,259,333 | 0 | 1,382,645 | 2,295,300 | 925,470 | 1,266,603 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 30,702 | 36,842 | 36,842 | 36,842 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 3,180,524 | 2,708,996 | 3,745,921 | 2,984,867 | 3,629,850 | 2,297,904 | 1,771,693 | 1,207,110 | 1,735,868 | 0 | 1,796,317 | 1,393,123 | 1,369,689 | 1,097,422 |
total current liabilities | 3,307,063 | 2,990,067 | 4,211,666 | 3,284,232 | 3,852,126 | 2,599,058 | 2,740,785 | 1,424,095 | 6,170,347 | 4,164,979 | 3,276,241 | 3,797,474 | 2,372,401 | 2,509,874 |
loans | 37,264,210 | 37,264,210 | 37,264,210 | 37,264,210 | 37,264,210 | 29,215,226 | 28,950,173 | 24,002,291 | 19,031,273 | 0 | 18,776,875 | 18,395,745 | 20,044,227 | 20,044,227 |
hp & lease commitments | 0 | 0 | 0 | 30,701 | 67,543 | 104,385 | 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 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18,199,052 | 0 | 0 | 0 | 0 |
provisions | 10,293,179 | 10,208,675 | 7,684,734 | 8,446,794 | 7,958,509 | 4,257,145 | 4,893,601 | 4,965,521 | 912,951 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 47,557,389 | 47,472,885 | 44,948,944 | 45,741,705 | 45,290,262 | 33,576,756 | 33,843,774 | 28,967,812 | 19,944,224 | 18,199,052 | 18,776,875 | 18,395,745 | 20,044,227 | 20,044,227 |
total liabilities | 50,864,452 | 50,462,952 | 49,160,610 | 49,025,937 | 49,142,388 | 36,175,814 | 36,584,559 | 30,391,907 | 26,114,571 | 22,364,031 | 22,053,116 | 22,193,219 | 22,416,628 | 22,554,101 |
net assets | 39,556,738 | 40,282,747 | 42,215,947 | 53,966,253 | 51,193,394 | 33,059,729 | 33,632,946 | 27,154,702 | 9,920,608 | 8,542,177 | 2,550,478 | 3,199,243 | 4,304,134 | 7,483,605 |
total shareholders funds | 39,556,738 | 40,282,747 | 42,215,947 | 53,966,253 | 51,193,394 | 33,059,729 | 33,632,946 | 27,154,702 | 9,920,608 | 8,542,177 | 2,550,478 | 3,199,243 | 4,304,134 | 7,483,605 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | 1,396,315 | 1,202,355 | 1,119,542 | 1,079,689 | ||||||||||
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 188,929 | 160,260 | 128,703 | 88,041 | 51,239 | 50,476 | 54,222 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 0 | 0 | 0 | 0 | ||||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -265,828 | -853,441 | -1,194,926 | 1,221,979 | 11,196,614 | -1,618,183 | 2,933,250 | 1,411,469 | 64,396 | 151,157 | -182,132 | -20,110 | -171,953 | 588,316 |
Creditors | -154,532 | -153,972 | 172,520 | 77,089 | -78,878 | -704,780 | 752,107 | 41,839 | -3,989,833 | 4,067,700 | -11,772 | 31,809 | -68,607 | 145,849 |
Accruals and Deferred Income | 471,528 | -1,036,925 | 761,054 | -644,983 | 1,331,946 | 526,211 | 564,583 | -528,758 | 1,735,868 | -1,796,317 | 403,194 | 23,434 | 272,267 | 1,097,422 |
Deferred Taxes & Provisions | 84,504 | 2,523,941 | -762,060 | 488,285 | 3,701,364 | -636,456 | -71,920 | 4,052,570 | 912,951 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 2,057,910 | 1,328,947 | 1,545,631 | 1,788,866 | ||||||||||
Investing Activities | ||||||||||||||
capital expenditure | -228,490 | -184,738 | -36,002 | -30,136 | ||||||||||
Change in Investments | 0 | 0 | -9,575,000 | 0 | 20,355,000 | -160,000 | 10,260,000 | 20,120,000 | 5,000,000 | 6,150,000 | -900,000 | -1,250,000 | -3,136,286 | 29,136,286 |
cash flow from investments | 671,510 | 1,065,262 | 3,100,284 | -29,166,422 | ||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,259,333 | 4,259,333 | -1,382,645 | -912,655 | 1,369,830 | -341,133 | 1,266,603 |
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 | 8,048,984 | 265,053 | 4,947,882 | 4,971,018 | 19,031,273 | -18,776,875 | 381,130 | -1,648,482 | 0 | 20,044,227 |
Hire Purchase and Lease Commitments | 0 | -30,702 | -36,841 | -36,842 | -36,842 | 141,227 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -18,199,052 | 18,199,052 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | -1,145,080 | -1,057,246 | -1,162,727 | -1,160,040 | ||||||||||
cash flow from financing | -2,576,605 | -2,585,898 | -4,640,146 | 27,714,746 | ||||||||||
cash and cash equivalents | ||||||||||||||
cash | -58,681 | 222,583 | -845,707 | 1,434,429 | -451,375 | 796,221 | -62,131 | 62,095 | 62,460 | -152,922 | 152,815 | -191,689 | 5,769 | 186,715 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -58,681 | 222,583 | -845,707 | 1,434,429 | -451,375 | 796,221 | -62,131 | 62,095 | 62,460 | -152,922 | 152,815 | -191,689 | 5,769 | 186,715 |
harmony properties (uk) limited Credit Report and Business Information
Harmony Properties (uk) Limited Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for harmony properties (uk) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in EC3V area or any other competitors across 12 key performance metrics.
harmony properties (uk) limited Ownership
HARMONY PROPERTIES (UK) LIMITED group structure
Harmony Properties (Uk) Limited has no subsidiary companies.
Ultimate parent company
ZINZENDORF HOLDINGS LTD
#0063903
2 parents
HARMONY PROPERTIES (UK) LIMITED
05534583
harmony properties (uk) limited directors
Harmony Properties (Uk) Limited currently has 2 directors. The longest serving directors include Mrs Angela Davies (Sep 2007) and Mr Benjamin Bourne (Dec 2013).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mrs Angela Davies | United Kingdom | 64 years | Sep 2007 | - | Director |
Mr Benjamin Bourne | England | 35 years | Dec 2013 | - | Director |
P&L
December 2022turnover
1.8m
-30%
operating profit
2.9m
0%
gross margin
25.9%
+8.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
39.6m
-0.02%
total assets
90.4m
0%
cash
1.2m
-0.05%
net assets
Total assets minus all liabilities
harmony properties (uk) limited company details
company number
05534583
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
August 2005
age
19
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
N/A
last accounts submitted
December 2022
address
73 cornhill, london, EC3V 3QQ
accountant
GERALD EDELMAN LLP
auditor
-
harmony properties (uk) 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 found 9 charges/mortgages relating to harmony properties (uk) limited. Currently there are 1 open charges and 8 have been satisfied in the past.
![charges](/assets/images/company_charges.png)
harmony properties (uk) limited Companies House Filings - See Documents
date | description | view/download |
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