harting manufacturing uk limited
harting manufacturing uk limited Company Information
Group Structure
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Industry
Repair of electrical equipment
Registered Address
jubilee house 32 duncan close, moulton park, northampton, NN3 6WL
Website
https://www.harting.comharting manufacturing uk limited Estimated Valuation
Pomanda estimates the enterprise value of HARTING MANUFACTURING UK LIMITED at £26.5m based on a Turnover of £24m and 1.1x industry multiple (adjusted for size and gross margin).
harting manufacturing uk limited Estimated Valuation
Pomanda estimates the enterprise value of HARTING MANUFACTURING UK LIMITED at £40.8m based on an EBITDA of £5.4m and a 7.53x industry multiple (adjusted for size and gross margin).
harting manufacturing uk limited Estimated Valuation
Pomanda estimates the enterprise value of HARTING MANUFACTURING UK LIMITED at £17.9m based on Net Assets of £6.4m and 2.81x industry multiple (adjusted for liquidity).
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Harting Manufacturing Uk Limited Overview
Harting Manufacturing Uk Limited is a live company located in northampton, NN3 6WL with a Companies House number of 05540447. It operates in the repair of electrical equipment sector, SIC Code 33140. Founded in August 2005, it's largest shareholder is harting uk limited with a 100% stake. Harting Manufacturing Uk Limited is a mature, large sized company, Pomanda has estimated its turnover at £24m with rapid growth in recent years.
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Harting Manufacturing Uk Limited Health Check
Pomanda's financial health check has awarded Harting Manufacturing Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 1 areas for improvement. Company Health Check FAQs
9 Strong
2 Regular
1 Weak
Size
annual sales of £24m, make it larger than the average company (£2.3m)
£24m - Harting Manufacturing Uk Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 54%, show it is growing at a faster rate (7.7%)
54% - Harting Manufacturing Uk Limited
7.7% - Industry AVG
Production
with a gross margin of 27.3%, this company has a higher cost of product (40%)
27.3% - Harting Manufacturing Uk Limited
40% - Industry AVG
Profitability
an operating margin of 21.8% make it more profitable than the average company (9.8%)
21.8% - Harting Manufacturing Uk Limited
9.8% - Industry AVG
Employees
with 95 employees, this is above the industry average (7)
95 - Harting Manufacturing Uk Limited
7 - Industry AVG
Pay Structure
on an average salary of £40.7k, the company has an equivalent pay structure (£43k)
£40.7k - Harting Manufacturing Uk Limited
£43k - Industry AVG
Efficiency
resulting in sales per employee of £253k, this is more efficient (£150.8k)
£253k - Harting Manufacturing Uk Limited
£150.8k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (49 days)
3 days - Harting Manufacturing Uk Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is slower than average (36 days)
41 days - Harting Manufacturing Uk Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 32 days, this is in line with average (29 days)
32 days - Harting Manufacturing Uk Limited
29 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 35 weeks, this is more cash available to meet short term requirements (24 weeks)
35 weeks - Harting Manufacturing Uk Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.8%, this is a lower level of debt than the average (55.5%)
34.8% - Harting Manufacturing Uk Limited
55.5% - Industry AVG
HARTING MANUFACTURING UK LIMITED financials
Harting Manufacturing Uk Limited's latest turnover from September 2023 is £24 million and the company has net assets of £6.4 million. According to their latest financial statements, Harting Manufacturing Uk Limited has 95 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 24,034,000 | 16,855,000 | 10,101,000 | 6,552,000 | 7,540,000 | 10,734,000 | 10,925,000 | 8,673,000 | 8,382,000 | 7,523,000 | 7,474,000 | 7,216,000 | 8,407,000 | 8,472,000 | 7,162,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 17,469,000 | 13,539,000 | 8,295,000 | 5,484,000 | 6,814,000 | 9,156,000 | 9,387,000 | 7,345,000 | 7,250,000 | 6,346,000 | 6,298,000 | 5,987,000 | 7,099,000 | 7,321,000 | 6,430,000 |
| Gross Profit | 6,565,000 | 3,316,000 | 1,806,000 | 1,068,000 | 726,000 | 1,578,000 | 1,538,000 | 1,328,000 | 1,132,000 | 1,177,000 | 1,176,000 | 1,229,000 | 1,308,000 | 1,151,000 | 732,000 |
| Admin Expenses | 1,320,000 | 1,153,000 | 1,025,000 | 780,000 | 501,000 | 1,097,000 | 1,604,000 | 1,270,000 | 1,291,000 | 1,484,000 | 1,441,000 | 1,449,000 | 1,173,000 | 1,298,000 | 952,000 |
| Operating Profit | 5,245,000 | 2,163,000 | 781,000 | 288,000 | 225,000 | 481,000 | -66,000 | 58,000 | -159,000 | -307,000 | -265,000 | -220,000 | 135,000 | -147,000 | -220,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 36,000 | 0 | 0 | 0 | 7,000 | 0 | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 5,281,000 | 2,163,000 | 781,000 | 288,000 | 232,000 | 481,000 | -66,000 | 58,000 | -159,000 | -306,000 | -265,000 | -220,000 | 135,000 | -147,000 | -220,000 |
| Tax | -1,187,000 | -425,000 | -147,000 | -60,000 | -39,000 | -102,000 | 3,000 | -1,000 | 32,000 | 68,000 | 64,000 | 55,000 | -39,000 | 44,000 | 72,000 |
| Profit After Tax | 4,094,000 | 1,738,000 | 634,000 | 228,000 | 193,000 | 379,000 | -63,000 | 57,000 | -127,000 | -238,000 | -201,000 | -165,000 | 96,000 | -103,000 | -148,000 |
| Dividends Paid | 1,250,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,844,000 | 1,738,000 | 634,000 | 228,000 | 193,000 | 379,000 | -63,000 | 57,000 | -127,000 | -238,000 | -201,000 | -165,000 | 96,000 | -103,000 | -148,000 |
| Employee Costs | 3,864,000 | 2,811,000 | 2,192,000 | 1,804,000 | 1,954,000 | 2,639,000 | 2,529,000 | 2,180,000 | 2,171,000 | 2,085,000 | 2,098,000 | 1,977,000 | 2,054,000 | 1,973,000 | 1,925,000 |
| Number Of Employees | 95 | 72 | 55 | 49 | 50 | 63 | 63 | 62 | 65 | 65 | 66 | 69 | 73 | 70 | 78 |
| EBITDA* | 5,418,000 | 2,294,000 | 878,000 | 371,000 | 304,000 | 652,000 | 40,000 | 147,000 | -79,000 | -239,000 | -196,000 | -169,000 | 174,000 | -108,000 | -107,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 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 | 890,000 | 602,000 | 342,000 | 229,000 | 263,000 | 250,000 | 397,000 | 344,000 | 295,000 | 312,000 | 259,000 | 197,000 | 140,000 | 71,000 | 96,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 890,000 | 602,000 | 342,000 | 229,000 | 263,000 | 250,000 | 397,000 | 344,000 | 295,000 | 312,000 | 259,000 | 197,000 | 140,000 | 71,000 | 96,000 |
| Stock & work in progress | 1,573,000 | 2,135,000 | 1,526,000 | 1,213,000 | 981,000 | 1,932,000 | 1,752,000 | 1,328,000 | 1,046,000 | 1,059,000 | 857,000 | 838,000 | 879,000 | 1,070,000 | 901,000 |
| Trade Debtors | 200,000 | 120,000 | 60,000 | 61,000 | 102,000 | 12,000 | 21,000 | 22,000 | 44,000 | 3,000 | 95,000 | 27,000 | 975,000 | 57,000 | 141,000 |
| Group Debtors | 4,570,000 | 3,526,000 | 1,042,000 | 542,000 | 0 | 641,000 | 1,233,000 | 969,000 | 820,000 | 847,000 | 836,000 | 487,000 | 0 | 790,000 | 578,000 |
| Misc Debtors | 384,000 | 578,000 | 277,000 | 136,000 | 1,260,000 | 334,000 | 327,000 | 235,000 | 233,000 | 211,000 | 230,000 | 204,000 | 0 | 236,000 | 126,000 |
| Cash | 2,176,000 | 605,000 | 185,000 | 209,000 | 27,000 | 362,000 | 75,000 | 124,000 | 25,000 | 247,000 | 275,000 | 482,000 | 508,000 | 352,000 | 262,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,903,000 | 6,964,000 | 3,090,000 | 2,161,000 | 2,370,000 | 3,281,000 | 3,408,000 | 2,678,000 | 2,168,000 | 2,367,000 | 2,293,000 | 2,038,000 | 2,362,000 | 2,505,000 | 2,008,000 |
| total assets | 9,793,000 | 7,566,000 | 3,432,000 | 2,390,000 | 2,633,000 | 3,531,000 | 3,805,000 | 3,022,000 | 2,463,000 | 2,679,000 | 2,552,000 | 2,235,000 | 2,502,000 | 2,576,000 | 2,104,000 |
| 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 | 2,007,000 | 2,866,000 | 793,000 | 252,000 | 373,000 | 767,000 | 1,085,000 | 940,000 | 719,000 | 832,000 | 848,000 | 513,000 | 602,000 | 818,000 | 521,000 |
| Group/Directors Accounts | 572,000 | 0 | 0 | 0 | 0 | 0 | 0 | 1,243,000 | 1,132,000 | 1,135,000 | 734,000 | 603,000 | 519,000 | 467,000 | 543,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 222,000 | 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 | 620,000 | 1,022,000 | 781,000 | 936,000 | 1,288,000 | 1,989,000 | 2,074,000 | 364,000 | 208,000 | 182,000 | 219,000 | 175,000 | 272,000 | 278,000 | 74,000 |
| total current liabilities | 3,199,000 | 3,888,000 | 1,574,000 | 1,188,000 | 1,661,000 | 2,756,000 | 3,381,000 | 2,547,000 | 2,059,000 | 2,149,000 | 1,801,000 | 1,291,000 | 1,393,000 | 1,563,000 | 1,138,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,250,000 |
| 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 | 0 | 0 | 0 | 0 |
| provisions | 206,000 | 268,000 | 104,000 | 60,000 | 56,000 | 48,000 | 104,000 | 40,000 | 26,000 | 25,000 | 8,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 206,000 | 134,000 | 52,000 | 30,000 | 28,000 | 24,000 | 52,000 | 40,000 | 26,000 | 25,000 | 8,000 | 0 | 0 | 0 | 2,250,000 |
| total liabilities | 3,405,000 | 4,022,000 | 1,626,000 | 1,218,000 | 1,689,000 | 2,780,000 | 3,433,000 | 2,587,000 | 2,085,000 | 2,174,000 | 1,809,000 | 1,291,000 | 1,393,000 | 1,563,000 | 3,388,000 |
| net assets | 6,388,000 | 3,544,000 | 1,806,000 | 1,172,000 | 944,000 | 751,000 | 372,000 | 435,000 | 378,000 | 505,000 | 743,000 | 944,000 | 1,109,000 | 1,013,000 | -1,284,000 |
| total shareholders funds | 6,388,000 | 3,544,000 | 1,806,000 | 1,172,000 | 944,000 | 751,000 | 372,000 | 435,000 | 378,000 | 505,000 | 743,000 | 944,000 | 1,109,000 | 1,013,000 | -1,284,000 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 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 | 5,245,000 | 2,163,000 | 781,000 | 288,000 | 225,000 | 481,000 | -66,000 | 58,000 | -159,000 | -307,000 | -265,000 | -220,000 | 135,000 | -147,000 | -220,000 |
| Depreciation | 173,000 | 131,000 | 97,000 | 83,000 | 79,000 | 171,000 | 106,000 | 89,000 | 80,000 | 68,000 | 69,000 | 51,000 | 39,000 | 39,000 | 113,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -1,187,000 | -425,000 | -147,000 | -60,000 | -39,000 | -102,000 | 3,000 | -1,000 | 32,000 | 68,000 | 64,000 | 55,000 | -39,000 | 44,000 | 72,000 |
| Stock | -562,000 | 609,000 | 313,000 | 232,000 | -951,000 | 180,000 | 424,000 | 282,000 | -13,000 | 202,000 | 19,000 | -41,000 | -191,000 | 169,000 | 901,000 |
| Debtors | 930,000 | 2,845,000 | 640,000 | -623,000 | 375,000 | -594,000 | 355,000 | 129,000 | 36,000 | -100,000 | 443,000 | -257,000 | -108,000 | 238,000 | 845,000 |
| Creditors | -859,000 | 2,073,000 | 541,000 | -121,000 | -394,000 | -318,000 | 145,000 | 221,000 | -113,000 | -16,000 | 335,000 | -89,000 | -216,000 | 297,000 | 521,000 |
| Accruals and Deferred Income | -402,000 | 241,000 | -155,000 | -352,000 | -701,000 | -85,000 | 1,710,000 | 156,000 | 26,000 | -37,000 | 44,000 | -97,000 | -6,000 | 204,000 | 74,000 |
| Deferred Taxes & Provisions | -62,000 | 164,000 | 44,000 | 4,000 | 8,000 | -56,000 | 64,000 | 14,000 | 1,000 | 17,000 | 8,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,540,000 | 893,000 | 208,000 | 233,000 | -246,000 | 505,000 | 126,000 | -156,000 | -309,000 | -207,000 | -2,000 | 212,000 | 30,000 | -1,186,000 | |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 572,000 | 0 | 0 | 0 | 0 | 0 | -1,243,000 | 111,000 | -3,000 | 401,000 | 131,000 | 84,000 | 52,000 | -76,000 | 543,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | -222,000 | 222,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,250,000 | 2,250,000 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 36,000 | 0 | 0 | 0 | 7,000 | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 | |
| cash flow from financing | 608,000 | 0 | 0 | 0 | 7,000 | -222,000 | 111,000 | -3,000 | 402,000 | 131,000 | 84,000 | 52,000 | 74,000 | 1,657,000 | |
| cash and cash equivalents | |||||||||||||||
| cash | 1,571,000 | 420,000 | -24,000 | 182,000 | -335,000 | 287,000 | -49,000 | 99,000 | -222,000 | -28,000 | -207,000 | -26,000 | 156,000 | 90,000 | 262,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,571,000 | 420,000 | -24,000 | 182,000 | -335,000 | 287,000 | -49,000 | 99,000 | -222,000 | -28,000 | -207,000 | -26,000 | 156,000 | 90,000 | 262,000 |
harting manufacturing uk limited Credit Report and Business Information
Harting Manufacturing Uk Limited Competitor Analysis
Perform a competitor analysis for harting manufacturing uk limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in NN3 area or any other competitors across 12 key performance metrics.
harting manufacturing uk limited Ownership
HARTING MANUFACTURING UK LIMITED group structure
Harting Manufacturing Uk Limited has no subsidiary companies.
Ultimate parent company
HARTING STIFTUNG & CO KG
#0100401
2 parents
HARTING MANUFACTURING UK LIMITED
05540447
harting manufacturing uk limited directors
Harting Manufacturing Uk Limited currently has 1 director, Mr Simon Asbury serving since Dec 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Asbury | 54 years | Dec 2020 | - | Director |
P&L
September 2023turnover
24m
+43%
operating profit
5.2m
+142%
gross margin
27.4%
+38.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
6.4m
+0.8%
total assets
9.8m
+0.29%
cash
2.2m
+2.6%
net assets
Total assets minus all liabilities
harting manufacturing uk limited company details
company number
05540447
Type
Private limited with Share Capital
industry
33140 - Repair of electrical equipment
incorporation date
August 2005
age
20
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
harting integrated solutions limited (September 2018)
accountant
-
auditor
HAWSONS
address
jubilee house 32 duncan close, moulton park, northampton, NN3 6WL
Bank
-
Legal Advisor
-
harting manufacturing 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 did not find charges/mortgages relating to harting manufacturing uk limited.
harting manufacturing uk limited Capital Raised & Share Issues BETA
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harting manufacturing uk limited Companies House Filings - See Documents
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