Harvesting Potential Limited

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harvesting potential limited Company Information

Company Number

05701691

Next Accounts

Nov 2025

Directors

Michael Gingell

Julie Gingell

Shareholders

michael gingell

julie gingell

Group Structure

View All

Industry

Computer consultancy activities

Registered Address

3 warners mill, silks way, braintree, essex, CM7 3GB

Website

harvestingthepotential.org

harvesting potential limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of HARVESTING POTENTIAL LIMITED at £1.3m based on Net Assets of £581.1k and 2.29x industry multiple (adjusted for liquidity).

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Harvesting Potential Limited is a live company located in essex, CM7 3GB with a Companies House number of 05701691. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in February 2006, it's largest shareholder is michael gingell with a 70% stake. Harvesting Potential Limited is a established, small sized company, Pomanda has estimated its turnover at £1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Harvesting Potential Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

4 Regular

4 Weak

Size

annual sales of £1m, make it in line with the average company (£1.3m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (9.2%)

EXPORT

Harvesting Potential Limited's latest turnover from February 2024 is estimated at £1 million and the company has net assets of £581.1 thousand. According to their latest financial statements, Harvesting Potential Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,049,128	913,650	855,466	817,456	426,052	460,935	382,722	60,139	96,435	56,163	53,182	53,235	16,835	51,316	44,517
Other Income Or Grants
Cost Of Sales	791,540	669,693	617,714	588,320	299,770	327,036	267,071	41,422	65,224	37,897	35,104	34,338	11,036	33,469	28,241
Gross Profit	257,589	243,957	237,753	229,136	126,282	133,898	115,651	18,717	31,211	18,266	18,079	18,897	5,799	17,846	16,277
Admin Expenses	191,664	248,000	247,685	124,776	136,408	96,334	124,963	48,599	-23,730	-49,085	-59,105	-29,903	-51,649	-58,137	-239,851
Operating Profit	65,925	-4,043	-9,932	104,360	-10,126	37,564	-9,312	-29,882	54,941	67,351	77,184	48,800	57,448	75,983	256,128
Interest Payable
Interest Receivable							625	674	1,339	1,094	804	573	369	168	47
Pre-Tax Profit	65,925	-4,043	-9,932	104,360	-10,126	37,564	-8,687	-29,208	56,280	68,446	77,988	49,372	57,818	76,151	256,175
Tax	-16,481			-19,828		-7,137			-11,256	-14,374	-17,937	-11,849	-15,033	-21,322	-71,729
Profit After Tax	49,444	-4,043	-9,932	84,532	-10,126	30,427	-8,687	-29,208	45,024	54,072	60,051	37,523	42,785	54,829	184,446
Dividends Paid
Retained Profit	49,444	-4,043	-9,932	84,532	-10,126	30,427	-8,687	-29,208	45,024	54,072	60,051	37,523	42,785	54,829	184,446
Employee Costs	118,185	112,569	104,525	95,788	96,828	108,990	102,641	113,120	116,514	58,456	55,818	54,500	53,946	52,125	54,500
Number Of Employees	2	2	2	2	2	2	2	2	2	1	1	1	1	1	1
EBITDA*	65,925	-4,043	-9,932	104,360	-10,126	37,564	-9,312	-28,953	55,626	67,815	77,184	48,837	57,568	76,163	256,333

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	1,641	763	1,144		202,363	202,363	202,608	710	1,639	203,293	202,364	202,364	202,401	202,521	337
Intangible Assets
Investments & Other								202,363	202,363						201,853
Debtors (Due After 1 year)
Total Fixed Assets	1,641	763	1,144		202,363	202,363	202,608	203,073	204,002	203,293	202,364	202,364	202,401	202,521	202,190
Stock & work in progress
Trade Debtors	637,916	568,133	546,866	571,159	267,704	290,088	254,405	556	11,527	13,229	11,982	12,822	2,344	12,396	9,711
Group Debtors
Misc Debtors	857	1,043	762	801	838
Cash								249,832	289,509	246,047	191,725	129,966	99,083	48,608	18,656
misc current assets						502	632
total current assets	638,773	569,176	547,628	571,960	268,542	290,590	255,037	250,388	301,036	259,276	203,707	142,788	101,427	61,004	28,367
total assets	640,414	569,939	548,772	571,960	470,905	492,953	457,645	453,461	505,038	462,569	406,071	345,152	303,828	263,525	230,557
Bank overdraft
Bank loan
Trade Creditors	44,793	24,206	11,506	24,810	8,449	20,467	15,610			28,577	26,337	25,469	21,668	23,994	27,401
Group/Directors Accounts														156	18,610
other short term finances
hp & lease commitments
other current liabilities								3,697	25,880
total current liabilities	44,793	24,206	11,506	24,810	8,449	20,467	15,610	3,697	25,880	28,577	26,337	25,469	21,668	24,150	46,011
loans
hp & lease commitments
Accruals and Deferred Income	14,484	14,040	1,530	1,482	1,320	1,224
other liabilities							1,200
provisions								142	328	186
total long term liabilities	14,484	14,040	1,530	1,482	1,320	1,224	1,200	142	328	186
total liabilities	59,277	38,246	13,036	26,292	9,769	21,691	16,810	3,839	26,208	28,763	26,337	25,469	21,668	24,150	46,011
net assets	581,137	531,693	535,736	545,668	461,136	471,262	440,835	449,622	478,830	433,806	379,734	319,683	282,160	239,375	184,546
total shareholders funds	581,137	531,693	535,736	545,668	461,136	471,262	440,835	449,622	478,830	433,806	379,734	319,683	282,160	239,375	184,546

	Feb 2024	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	65,925	-4,043	-9,932	104,360	-10,126	37,564	-9,312	-29,882	54,941	67,351	77,184	48,800	57,448	75,983	256,128
Depreciation								929	685	464		37	120	180	205
Amortisation
Tax	-16,481			-19,828		-7,137			-11,256	-14,374	-17,937	-11,849	-15,033	-21,322	-71,729
Stock
Debtors	69,597	21,548	-24,332	303,418	-21,546	35,683	253,849	-10,971	-1,702	1,247	-840	10,478	-10,052	2,685	9,711
Creditors	20,587	12,700	-13,304	16,361	-12,018	4,857	15,610		-28,577	2,240	868	3,801	-2,326	-3,407	27,401
Accruals and Deferred Income	444	12,510	48	162	96	1,224	-3,697	-22,183	25,880
Deferred Taxes & Provisions							-142	-186	142	186
Cash flow from operations	878	-381	1,144	-202,363	-502	825	-251,390	-40,351	43,517	54,620	60,955	30,311	50,261	48,749	202,294
Investing Activities
capital expenditure	-878	381	-1,144	202,363		245	-201,898		200,969	-1,393				-202,364	-542
Change in Investments							-202,363		202,363					-201,853	201,853
cash flow from investments	-878	381	-1,144	202,363		245	465		-1,394	-1,393				-511	-202,395
Financing Activities
Bank loans
Group/Directors Accounts													-156	-18,454	18,610
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities						-1,200	1,200
share issue							-100								100
interest							625	674	1,339	1,094	804	573	369	168	47
cash flow from financing						-1,200	1,725	674	1,339	1,094	804	573	213	-18,286	18,757
cash and cash equivalents
cash							-249,832	-39,677	43,462	54,322	61,759	30,883	50,475	29,952	18,656
overdraft
change in cash							-249,832	-39,677	43,462	54,322	61,759	30,883	50,475	29,952	18,656

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HARVESTING POTENTIAL LIMITED group structure

Harvesting Potential Limited has no subsidiary companies.

Ultimate parent company

HARVESTING POTENTIAL LIMITED

05701691

HARVESTING POTENTIAL LIMITED Shareholders

michael gingell	70%
julie gingell	30%

Harvesting Potential Limited currently has 2 directors. The longest serving directors include Mr Michael Gingell (Feb 2006) and Mrs Julie Gingell (Apr 2014).

officer	country	age	start	end	role
Mr Michael Gingell	England	64 years	Feb 2006	-	Director
Mrs Julie Gingell	England	55 years	Apr 2014	-	Director

P&L

February 2024

turnover

+15%

operating profit

65.9k

gross margin

24.6%

-8.05%

turnover

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

Balance Sheet

February 2024

net assets

581.1k

+0.09%

total assets

640.4k

+0.12%

cash

net assets

Total assets minus all liabilities

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company number

05701691

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

February 2006

ultimate parent company

None

previous names

N/A

address

3 warners mill, silks way, braintree, essex, CM7 3GB

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harvesting potential limited Company Information

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