Harmony Properties (uk) Limited

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harmony properties (uk) limited Company Information

Live

EstablishedSmallDeclining

Company Number

05534583

Website

http://bournecapital.com

Registered Address

73 cornhill, london, EC3V 3QQ

Industry

Development of building projects

Telephone

02079604141

Next Accounts Due

September 2024

Group Structure

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Directors

Angela Davies17 Years

Benjamin Bourne10 Years

Shareholders

happybadge projects ltd 100%

harmony properties (uk) limited Estimated Valuation

£53m

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 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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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 Rating5out of 5

5 Strong

4 Regular

2 Weak

Size

annual sales of £1.8m, make it in line with the average company (£2.3m)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (1.8%)

EXPORT

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	1,820,863	2,600,317	4,149,336	2,886,969	4,033,558	3,092,602	5,638,030	1,434,228	2,755,754	17,367,473	3,354,093	3,053,531	2,850,562	2,834,371
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,349,892	1,981,088	3,129,401	2,136,719	2,908,072	2,177,628	3,910,087	997,920	1,948,927	12,268,339	2,389,354	2,216,041	2,067,043	0
Gross Profit	470,972	619,230	1,019,935	750,250	1,125,486	914,974	1,727,943	436,308	806,827	5,099,134	964,739	837,490	783,519	0
Admin Expenses	-2,401,393	-2,642,139	1,563,801	-5,243,264	-3,370,581	-3,258,082	-577,889	-2,300,263	1,554,673	4,647,572	-431,576	-364,865	-336,023	-1,079,689
Operating Profit	2,872,365	3,261,369	-543,866	5,993,514	4,496,067	4,173,056	2,305,832	2,736,571	-747,846	451,562	1,396,315	1,202,355	1,119,542	1,079,689
Interest Payable	3,540,100	2,329,013	2,273,117	2,515,334	2,243,681	1,890,375	1,654,765	1,398,591	618,516	610,248	1,145,080	1,057,246	1,162,727	1,160,218
Interest Receivable	41,647	2,770	1,420	8,439	4,752	2,306	235	471	160	386	0	0	0	178
Pre-Tax Profit	-626,088	935,126	-2,815,563	3,486,619	2,257,138	2,284,986	651,303	1,338,451	-1,366,203	-158,301	251,235	145,109	-43,185	-80,351
Tax	0	-177,674	0	-662,458	-428,856	-434,147	-130,260	-267,690	0	0	0	0	0	0
Profit After Tax	-626,088	757,452	-2,815,563	2,824,161	1,828,282	1,850,839	521,042	1,070,761	-1,366,203	-158,301	251,235	145,109	-43,185	-80,351
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-626,088	757,452	-2,815,563	2,824,161	1,828,282	1,850,839	521,042	1,070,761	-1,366,203	-158,301	251,235	145,109	-43,185	-80,351
Employee Costs	476,688	457,727	449,512	543,538	756,327	206,664	1,027	19,357	393,992	2,391,986	125,226	146,296	154,758	168,191
Number Of Employees	10	10	10	12	17	10	1	1	10	64	8	7	7	7
EBITDA*	2,872,365	3,261,369	-543,866	5,993,514	4,496,067	4,173,056	2,305,832	2,925,500	-587,586	580,265	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	2,872,365	3,261,369	-543,866	5,993,514	4,496,067	4,173,056	2,305,832	2,736,571	-747,846	451,562	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	-177,674	0	-662,458	-428,856	-434,147	-130,260	-267,690	0	0	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	3,539,693	5,270,180	822,574	4,029,468	-2,174,971	4,542,067	487,092	4,811,992	-1,992,996	2,700,491	2,057,910	1,328,947	1,545,631	1,788,866
Investing Activities
capital expenditure	0	0	0	0	0	0	460,223	-106,795	-162,375	-283,082	-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	0	0	9,575,000	0	-20,355,000	160,000	-9,799,777	-20,226,795	-5,162,375	-6,433,082	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	-99,921	-2,690,652	-8,934,743	-51,302	16,305,383	-2,424,056	5,957,202	16,163,333	2,744,634	6,150,000	-900,000	-1,250,000	-3,136,286	7,563,956
interest	-3,498,453	-2,326,243	-2,271,697	-2,506,895	-2,238,929	-1,888,069	-1,654,530	-1,398,120	-618,356	-609,862	-1,145,080	-1,057,246	-1,162,727	-1,160,040
cash flow from financing	-3,598,374	-5,047,597	-11,243,281	-2,595,039	22,078,596	-3,905,845	9,250,554	15,476,898	7,217,832	3,579,670	-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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HARMONY PROPERTIES (UK) LIMITED group structure

Harmony Properties (Uk) Limited has no subsidiary companies.

Ultimate parent company

ZINZENDORF HOLDINGS LTD

#0063903

HAPPYBADGE PROJECTS LIMITED

02819801

2 parents

HARMONY PROPERTIES (UK) LIMITED

05534583

HARMONY PROPERTIES (UK) LIMITED Shareholders

happybadge projects ltd

100%

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 2022

turnover

1.8m

-30%

operating profit

2.9m

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 2022

net assets

39.6m

-0.02%

total assets

90.4m

cash

1.2m

-0.05%

net assets

Total assets minus all liabilities

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company number

05534583

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

August 2005

accounts

Small Company

ultimate parent company

ZINZENDORF HOLDINGS LTD

previous names

N/A

last accounts submitted

December 2022

address

73 cornhill, london, EC3V 3QQ

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.

harmony properties (uk) limited Company Information

harmony properties (uk) limited Estimated Valuation

harmony properties (uk) limited Estimated Valuation

harmony properties (uk) limited Estimated Valuation

Harmony Properties (uk) Limited Overview

Harmony Properties (uk) Limited Health Check

HARMONY PROPERTIES (UK) LIMITED financials

harmony properties (uk) limited Credit Report and Business Information

Harmony Properties (uk) Limited Competitor Analysis

harmony properties (uk) limited Ownership

harmony properties (uk) limited directors

harmony properties (uk) limited company details

harmony properties (uk) limited Charges & Mortgages

harmony properties (uk) limited Companies House Filings - See Documents