Hanson Electrical Limited

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hanson electrical limited Company Information

Live

EstablishedSmallHealthy

Company Number

05918862

Website

https://www.hansonelectrical.co.uk

Registered Address

228-232 willerby road, hull, east yorkshire, HU5 5JR

Industry

Retail sale of electrical household appliances in specialised stores

Telephone

01482653355

Next Accounts Due

July 2024

Group Structure

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Directors

David Baron17 Years

Shareholders

david baron 80%

emma lisa baron 20%

hanson electrical limited Estimated Valuation

£6.2m

Pomanda estimates the enterprise value of HANSON ELECTRICAL LIMITED at £6.2m based on Net Assets of £2.5m and 2.5x industry multiple (adjusted for liquidity).

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Hanson Electrical Limited is a live company located in east yorkshire, HU5 5JR with a Companies House number of 05918862. It operates in the retail sale of electrical household appliances in specialised stores sector, SIC Code 47540. Founded in August 2006, it's largest shareholder is david baron with a 80% stake. Hanson Electrical Limited is a established, small sized company, Pomanda has estimated its turnover at £3.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Hanson Electrical Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £3.3m, make it smaller than the average company (£12.9m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HANSON ELECTRICAL LIMITED group structure

Hanson Electrical Limited has no subsidiary companies.

Ultimate parent company

HANSON ELECTRICAL LIMITED

05918862

HANSON ELECTRICAL LIMITED Shareholders

david baron	80%
emma lisa baron	20%

Hanson Electrical Limited currently has 1 director, Mr David Baron serving since Aug 2006.

officer	country	age	start	end	role
Mr David Baron	England	57 years	Aug 2006	-	Director

EXPORT

Hanson Electrical Limited's latest turnover from October 2022 is estimated at £3.3 million and the company has net assets of £2.5 million. According to their latest financial statements, Hanson Electrical Limited has 24 employees and maintains cash reserves of £490.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	3,344,200	2,777,845	3,393,291	2,729,150	3,148,493	2,843,768	2,594,095	3,641,366	4,900,705	3,736,402	2,893,700	2,787,928	3,133,079	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,449,597	2,057,568	2,444,311	1,945,922	2,173,732	1,976,700	1,738,604	2,545,251	3,510,503	2,599,231	2,036,222	1,953,347	2,106,201	0
Gross Profit	894,602	720,277	948,981	783,227	974,761	867,069	855,491	1,096,116	1,390,202	1,137,170	857,478	834,581	1,026,878	0
Admin Expenses	908,165	433,758	765,526	747,346	901,989	796,209	800,282	1,024,579	1,308,391	1,071,442	728,122	810,083	990,190	-1,122,424
Operating Profit	-13,563	286,519	183,455	35,881	72,772	70,860	55,209	71,537	81,811	65,728	129,356	24,498	36,688	1,122,424
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	18,339	1,068	656	2,701	2,453	601	494	907	1,090	856	317	280	228	0
Pre-Tax Profit	4,775	287,588	184,111	38,583	75,225	71,460	55,703	72,444	82,901	66,584	129,672	24,778	36,917	1,122,424
Tax	-907	-54,642	-34,981	-7,331	-14,293	-13,577	-11,140	-14,489	-17,409	-15,314	-31,121	-6,442	-10,337	-314,279
Profit After Tax	3,868	232,946	149,130	31,252	60,932	57,883	44,562	57,955	65,492	51,270	98,551	18,336	26,580	808,145
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	3,868	232,946	149,130	31,252	60,932	57,883	44,562	57,955	65,492	51,270	98,551	18,336	26,580	808,145
Employee Costs	661,050	570,553	497,125	442,358	450,339	465,278	351,468	501,928	611,700	545,282	459,487	410,073	473,672	0
Number Of Employees	24	20	19	18	19	19	14	23	31	29	22	19	22	0
EBITDA*	62,159	355,997	250,831	92,829	130,206	128,421	115,960	127,764	134,174	121,844	181,735	79,472	96,774	1,183,884

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	836,483	817,914	816,414	738,198	721,632	724,549	743,235	739,806	77,843	93,468	85,050	98,437	115,911	130,036
Intangible Assets	187,500	225,000	262,500	300,000	337,500	375,000	412,500	450,000	487,500	525,000	562,500	600,000	637,500	675,000
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	0	0	0
Total Fixed Assets	1,023,983	1,042,914	1,078,914	1,038,198	1,059,132	1,099,549	1,155,735	1,189,806	565,343	618,468	647,550	698,437	753,411	805,036
Stock & work in progress	901,003	885,259	758,699	955,982	960,122	961,954	818,126	807,935	811,853	674,109	781,737	625,297	570,910	655,820
Trade Debtors	103,038	58,720	183,948	192,071	178,847	156,547	140,916	171,343	218,700	131,635	66,489	70,418	91,027	101,594
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	394,427	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	490,469	1,139,643	997,105	315,126	405,266	248,797	231,654	163,367	199,470	236,710	105,834	20,816	91,359	34
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,888,937	2,083,622	1,939,752	1,463,179	1,544,235	1,367,298	1,190,696	1,142,645	1,230,023	1,042,454	954,060	716,531	753,296	757,448
total assets	2,912,920	3,126,536	3,018,666	2,501,377	2,603,367	2,466,847	2,346,431	2,332,451	1,795,366	1,660,922	1,601,610	1,414,968	1,506,707	1,562,484
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	241,265	210,043	426,697	152,879	321,174	216,694	203,627	417,138	616,718	545,472	537,894	448,513	558,187	642,786
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	157,163	410,825	320,073	232,806	202,821	232,369	180,430	0	0	0	0	0	0	0
total current liabilities	398,428	620,868	746,770	385,685	523,995	449,063	384,057	417,138	616,718	545,472	537,894	448,513	558,187	642,786
loans	0	0	0	0	0	0	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
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	0	0	0	0	0
provisions	27,590	22,634	21,808	14,734	9,666	9,010	11,483	8,984	10,274	12,568	12,104	13,394	13,795	11,553
total long term liabilities	27,590	22,634	21,808	14,734	9,666	9,010	11,483	8,984	10,274	12,568	12,104	13,394	13,795	11,553
total liabilities	426,018	643,502	768,578	400,419	533,661	458,073	395,540	426,122	626,992	558,040	549,998	461,907	571,982	654,339
net assets	2,486,902	2,483,034	2,250,088	2,100,958	2,069,706	2,008,774	1,950,891	1,906,329	1,168,374	1,102,882	1,051,612	953,061	934,725	908,145
total shareholders funds	2,486,902	2,483,034	2,250,088	2,100,958	2,069,706	2,008,774	1,950,891	1,906,329	1,168,374	1,102,882	1,051,612	953,061	934,725	908,145

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-13,563	286,519	183,455	35,881	72,772	70,860	55,209	71,537	81,811	65,728	129,356	24,498	36,688	1,122,424
Depreciation	38,222	31,978	29,876	19,448	19,934	20,061	23,251	18,727	14,863	18,616	14,879	17,474	22,586	23,960
Amortisation	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500
Tax	-907	-54,642	-34,981	-7,331	-14,293	-13,577	-11,140	-14,489	-17,409	-15,314	-31,121	-6,442	-10,337	-314,279
Stock	15,744	126,560	-197,283	-4,140	-1,832	143,828	10,191	-3,918	137,744	-107,628	156,440	54,387	-84,910	655,820
Debtors	438,745	-125,228	-8,123	13,224	22,300	15,631	-30,427	-47,357	87,065	65,146	-3,929	-20,609	-10,567	101,594
Creditors	31,222	-216,654	273,818	-168,295	104,480	13,067	-213,511	-199,580	71,246	7,578	89,381	-109,674	-84,599	642,786
Accruals and Deferred Income	-253,662	90,752	87,267	29,985	-29,548	51,939	180,430	0	0	0	0	0	0	0
Deferred Taxes & Provisions	4,956	826	7,074	5,068	656	-2,473	2,499	-1,290	-2,294	464	-1,290	-401	2,242	11,553
Cash flow from operations	-610,721	174,947	789,415	-56,828	171,033	17,918	94,474	-36,320	-39,092	157,054	86,194	-70,823	99,557	766,530
Investing Activities
capital expenditure	-56,791	-33,478	-108,092	-36,014	-17,017	-1,375	-26,680	-680,690	762	-27,034	-1,492	0	-8,461	-866,496
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-56,791	-33,478	-108,092	-36,014	-17,017	-1,375	-26,680	-680,690	762	-27,034	-1,492	0	-8,461	-866,496
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	0	680,000	0	0	0	0	0	100,000
interest	18,339	1,068	656	2,701	2,453	601	494	907	1,090	856	317	280	228	0
cash flow from financing	18,339	1,068	656	2,701	2,453	601	494	680,907	1,090	856	317	280	228	100,000
cash and cash equivalents
cash	-649,174	142,538	681,979	-90,140	156,469	17,143	68,287	-36,103	-37,240	130,876	85,018	-70,543	91,325	34
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-649,174	142,538	681,979	-90,140	156,469	17,143	68,287	-36,103	-37,240	130,876	85,018	-70,543	91,325	34

P&L

October 2022

turnover

3.3m

+20%

operating profit

-13.6k

gross margin

26.8%

+3.17%

turnover

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

Balance Sheet

October 2022

net assets

2.5m

total assets

2.9m

-0.07%

cash

490.5k

-0.57%

net assets

Total assets minus all liabilities

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company number

05918862

Type

Private limited with Share Capital

industry

47540 - Retail sale of electrical household appliances in specialised stores

incorporation date

August 2006

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

228-232 willerby road, hull, east yorkshire, HU5 5JR

last accounts submitted

October 2022

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 2 charges/mortgages relating to hanson electrical limited. Currently there are 1 open charges and 1 have been satisfied in the past.

hanson electrical limited Company Information

hanson electrical limited Estimated Valuation

hanson electrical limited Estimated Valuation

hanson electrical limited Estimated Valuation

Hanson Electrical Limited AI Business Plan

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