Hackon Services Limited

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hackon services limited Company Information

Live

EstablishedSmallRapid

Company Number

05727420

Website

www.hackonservices.co.uk

Registered Address

5 genesis business centre, redkiln way, horsham, surrey, RH13 5QH

Industry

Electrical installation

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Graham Hayes16 Years

Eben Oosthuizen11 Years

Shareholders

eben oosthuizen 50%

graham lee hayes 30%

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hackon services limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of HACKON SERVICES LIMITED at £1.4m based on an EBITDA of £249.5k and a 5.64x industry multiple (adjusted for size and gross margin).

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Hackon Services Limited is a live company located in horsham, RH13 5QH with a Companies House number of 05727420. It operates in the electrical installation sector, SIC Code 43210. Founded in March 2006, it's largest shareholder is eben oosthuizen with a 50% stake. Hackon Services Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Hackon Services 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

3 Regular

2 Weak

Size

annual sales of £2m, make it larger than the average company (£870.3k)

Growth

3 year (CAGR) sales growth of 57%, show it is growing at a faster rate (6.7%)

EXPORT

Hackon Services Limited's latest turnover from March 2023 is estimated at £2 million and the company has net assets of £377.4 thousand. According to their latest financial statements, Hackon Services Limited has 3 employees and maintains cash reserves of £101.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,028,918	660,608	330,397	520,073	1,432,011	556,044	408,928	782,047	774,752	749,671	394,908	1,190,110	381,674	465,828
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,512,280	494,472	247,559	387,483	1,040,959	400,404	291,594	547,888	537,681	514,941	263,846	781,608	236,617	284,983
Gross Profit	516,638	166,135	82,838	132,590	391,053	155,640	117,334	234,159	237,071	234,730	131,062	408,502	145,058	180,845
Admin Expenses	274,566	216,220	173,524	179,079	118,907	120,383	58,787	248,068	169,714	191,619	229,961	276,237	141,351	180,384
Operating Profit	242,072	-50,085	-90,686	-46,489	272,146	35,257	58,547	-13,909	67,357	43,111	-98,899	132,265	3,707	461
Interest Payable	8,399	3,047	0	0	0	0	80	83	0	0	0	0	0	0
Interest Receivable	4,253	857	208	267	1,291	456	144	256	225	257	768	579	29	7
Pre-Tax Profit	237,926	-52,275	-90,478	-46,222	273,437	35,712	58,611	-13,736	67,582	43,368	-98,131	132,843	3,736	468
Tax	-45,206	0	0	0	-51,953	-6,785	-11,722	0	-14,192	-9,975	0	-34,539	-1,046	-131
Profit After Tax	192,720	-52,275	-90,478	-46,222	221,484	28,927	46,889	-13,736	53,390	33,393	-98,131	98,304	2,690	337
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	192,720	-52,275	-90,478	-46,222	221,484	28,927	46,889	-13,736	53,390	33,393	-98,131	98,304	2,690	337
Employee Costs	123,039	117,839	114,086	78,368	79,929	76,823	159,092	237,436	236,161	225,390	109,679	364,983	143,124	183,419
Number Of Employees	3	3	3	2	2	2	4	6	6	6	3	10	4	5
EBITDA*	249,462	-44,394	-83,098	-45,298	273,734	37,376	61,371	-10,130	72,382	48,238	-97,168	132,783	4,545	636

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	22,172	17,072	22,763	3,574	4,765	6,353	8,472	11,296	15,075	15,378	4,691	1,472	1,990	175
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	9,057	9,057	13,550
Total Fixed Assets	22,172	17,072	22,763	3,574	4,765	6,353	8,472	11,296	15,075	15,378	4,691	10,529	11,047	13,725
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	483,605	143,124	58,865	104,616	335,613	117,305	52,439	115,612	130,294	128,347	32,987	142,289	55,616	65,882
Group Debtors	100,840	99,990	79,990	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	7,717	8,110	7,743	3,726	3,798	16,335	69,613	2,298	0	0	0	0	0	0
Cash	101,131	99,025	129,427	286,752	246,760	97,487	84,744	30,671	71,656	18,268	84,501	222,817	8,623	2,952
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	693,293	350,249	276,025	395,094	586,171	231,127	206,796	148,581	201,950	146,615	117,488	365,106	64,239	68,834
total assets	715,465	367,321	298,788	398,668	590,936	237,480	215,268	159,877	217,025	161,993	122,179	375,635	75,286	82,559
Bank overdraft	16,667	16,667	0	0	0	0	0	2,556	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	121,371	115,602	117,941	273,909	71,860	82,206
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	5,560	3,066	2,586	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	246,219	79,913	46,796	71,243	217,289	84,110	90,422	78,715	0	0	0	0	0	0
total current liabilities	268,446	99,646	49,382	71,243	217,289	84,110	90,422	81,271	121,371	115,602	117,941	273,909	71,860	82,206
loans	56,945	73,611	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	12,682	9,392	12,459	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
other liabilities	0	0	0	0	0	0	0	0	2,556	6,622	0	0	0	0
provisions	0	0	0	0	0	1,207	1,610	2,259	3,015	3,076	938	295	398	15
total long term liabilities	69,627	83,003	12,459	0	0	1,207	1,610	2,259	5,571	9,698	938	295	398	15
total liabilities	338,073	182,649	61,841	71,243	217,289	85,317	92,032	83,530	126,942	125,300	118,879	274,204	72,258	82,221
net assets	377,392	184,672	236,947	327,425	373,647	152,163	123,236	76,347	90,083	36,693	3,300	101,431	3,028	338
total shareholders funds	377,392	184,672	236,947	327,425	373,647	152,163	123,236	76,347	90,083	36,693	3,300	101,431	3,028	338

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	242,072	-50,085	-90,686	-46,489	272,146	35,257	58,547	-13,909	67,357	43,111	-98,899	132,265	3,707	461
Depreciation	7,390	5,691	7,588	1,191	1,588	2,119	2,824	3,779	5,025	5,127	1,731	518	838	175
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-45,206	0	0	0	-51,953	-6,785	-11,722	0	-14,192	-9,975	0	-34,539	-1,046	-131
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	340,938	104,626	38,256	-231,069	205,771	11,588	4,142	-12,384	1,947	95,360	-118,359	86,673	-14,759	79,432
Creditors	0	0	0	0	0	0	0	-121,371	5,769	-2,339	-155,968	202,049	-10,346	82,206
Accruals and Deferred Income	166,306	33,117	-24,447	-146,046	133,179	-6,312	11,707	78,715	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-1,207	-403	-649	-756	-61	2,138	643	-103	383	15
Cash flow from operations	29,624	-115,903	-145,801	39,725	147,982	12,288	56,565	-41,158	61,951	-57,298	-134,134	213,517	8,295	3,294
Investing Activities
capital expenditure	-12,490	0	-26,777	0	0	0	0	0	-4,722	-15,814	-4,950	0	-2,653	-350
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-12,490	0	-26,777	0	0	0	0	0	-4,722	-15,814	-4,950	0	-2,653	-350
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	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-16,666	73,611	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	5,784	-2,587	15,045	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-2,556	-4,066	6,622	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	99	0	1
interest	-4,146	-2,190	208	267	1,291	456	64	173	225	257	768	579	29	7
cash flow from financing	-15,028	68,834	15,253	267	1,291	456	64	-2,383	-3,841	6,879	768	678	29	8
cash and cash equivalents
cash	2,106	-30,402	-157,325	39,992	149,273	12,743	54,073	-40,985	53,388	-66,233	-138,316	214,194	5,671	2,952
overdraft	0	16,667	0	0	0	0	-2,556	2,556	0	0	0	0	0	0
change in cash	2,106	-47,069	-157,325	39,992	149,273	12,743	56,629	-43,541	53,388	-66,233	-138,316	214,194	5,671	2,952

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HACKON SERVICES LIMITED group structure

Hackon Services Limited has no subsidiary companies.

Ultimate parent company

HACKON SERVICES LIMITED

05727420

HACKON SERVICES LIMITED Shareholders

eben oosthuizen	50%
graham lee hayes	30%
charmaine hayley hayes	20%

Hackon Services Limited currently has 2 directors. The longest serving directors include Mr Graham Hayes (May 2008) and Mr Eben Oosthuizen (Jun 2013).

officer	country	age	start	end	role
Mr Graham Hayes	England	50 years	May 2008	-	Director
Mr Eben Oosthuizen	England	42 years	Jun 2013	-	Director

P&L

March 2023

turnover

+207%

operating profit

242.1k

gross margin

25.5%

+1.25%

turnover

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

Balance Sheet

March 2023

net assets

377.4k

+1.04%

total assets

715.5k

+0.95%

cash

101.1k

+0.02%

net assets

Total assets minus all liabilities

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company number

05727420

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

March 2006

ultimate parent company

None

previous names

N/A

address

5 genesis business centre, redkiln way, horsham, surrey, RH13 5QH

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hackon services limited Company Information

hackon services limited Estimated Valuation

hackon services limited Estimated Valuation

hackon services limited Estimated Valuation

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