hogg blasting & finishing equipment limited

5

hogg blasting & finishing equipment limited Company Information

Share HOGG BLASTING & FINISHING EQUIPMENT LIMITED
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EstablishedSmallDeclining

Company Number

06348827

Registered Address

4 kelbrook road, openshaw, manchester, M11 2QA

Industry

Casting of iron

 

Telephone

01914153030

Next Accounts Due

September 2025

Group Structure

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Directors

Michael Currie3 Years

Katherine Yang3 Years

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Shareholders

surface finishing equipment group ltd 100%

hogg blasting & finishing equipment limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of HOGG BLASTING & FINISHING EQUIPMENT LIMITED at £1.1m based on a Turnover of £3.2m and 0.35x industry multiple (adjusted for size and gross margin).

hogg blasting & finishing equipment limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of HOGG BLASTING & FINISHING EQUIPMENT LIMITED at £1.9m based on an EBITDA of £634k and a 2.93x industry multiple (adjusted for size and gross margin).

hogg blasting & finishing equipment limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of HOGG BLASTING & FINISHING EQUIPMENT LIMITED at £2.7m based on Net Assets of £1.9m and 1.4x industry multiple (adjusted for liquidity).

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Hogg Blasting & Finishing Equipment Limited Overview

Hogg Blasting & Finishing Equipment Limited is a live company located in manchester, M11 2QA with a Companies House number of 06348827. It operates in the casting of iron sector, SIC Code 24510. Founded in August 2007, it's largest shareholder is surface finishing equipment group ltd with a 100% stake. Hogg Blasting & Finishing Equipment Limited is a established, small sized company, Pomanda has estimated its turnover at £3.2m with declining growth in recent years.

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Hogg Blasting & Finishing Equipment Limited Health Check

Pomanda's financial health check has awarded Hogg Blasting & Finishing Equipment Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £3.2m, make it smaller than the average company (£32.8m)

£3.2m - Hogg Blasting & Finishing Equipment Limited

£32.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (11.4%)

-1% - Hogg Blasting & Finishing Equipment Limited

11.4% - Industry AVG

production

Production

with a gross margin of 13.5%, this company has a comparable cost of product (13.5%)

13.5% - Hogg Blasting & Finishing Equipment Limited

13.5% - Industry AVG

profitability

Profitability

an operating margin of 16.9% make it more profitable than the average company (3.7%)

16.9% - Hogg Blasting & Finishing Equipment Limited

3.7% - Industry AVG

employees

Employees

with 17 employees, this is below the industry average (198)

17 - Hogg Blasting & Finishing Equipment Limited

198 - Industry AVG

paystructure

Pay Structure

on an average salary of £40k, the company has an equivalent pay structure (£40k)

£40k - Hogg Blasting & Finishing Equipment Limited

£40k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £187.3k, this is more efficient (£153.8k)

£187.3k - Hogg Blasting & Finishing Equipment Limited

£153.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 83 days, this is later than average (65 days)

83 days - Hogg Blasting & Finishing Equipment Limited

65 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 67 days, this is slower than average (55 days)

67 days - Hogg Blasting & Finishing Equipment Limited

55 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 64 days, this is more than average (49 days)

64 days - Hogg Blasting & Finishing Equipment Limited

49 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 51 weeks, this is more cash available to meet short term requirements (9 weeks)

51 weeks - Hogg Blasting & Finishing Equipment Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 29.5%, this is a lower level of debt than the average (70.2%)

29.5% - Hogg Blasting & Finishing Equipment Limited

70.2% - Industry AVG

HOGG BLASTING & FINISHING EQUIPMENT LIMITED financials

EXPORTms excel logo

Hogg Blasting & Finishing Equipment Limited's latest turnover from December 2023 is estimated at £3.2 million and the company has net assets of £1.9 million. According to their latest financial statements, Hogg Blasting & Finishing Equipment Limited has 17 employees and maintains cash reserves of £724.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover3,184,2403,253,5252,486,5423,242,1482,801,5702,394,6292,709,0382,812,6064,559,3634,154,8405,631,2365,358,0283,864,5703,682,5530
Other Income Or Grants000000000000000
Cost Of Sales2,755,3772,830,9332,233,2782,800,5222,399,9842,016,9372,102,7062,193,6682,865,2862,611,8624,451,2354,214,9483,101,3742,909,2550
Gross Profit428,863422,592253,264441,626401,586377,692606,332618,9381,694,0771,542,9781,180,0011,143,080763,197773,2980
Admin Expenses-110,319-86,732243,015142,352391,088274,944520,264453,9711,243,8461,018,2551,099,679993,276711,659722,939-125,466
Operating Profit539,182509,32410,249299,27410,498102,74886,068164,967450,231524,72380,322149,80451,53850,359125,466
Interest Payable0011,87511,590008,10423,49444,98442,47900000
Interest Receivable32,40113,1161,28243011719110716001068961632
Pre-Tax Profit571,583522,440-344288,11410,615102,94078,072141,490405,247482,24480,427149,89351,59950,422125,468
Tax-142,896-99,2640-54,742-2,017-19,559-14,834-28,298-90,008-94,186-18,498-35,974-13,416-14,118-35,131
Profit After Tax428,687423,176-344233,3728,59883,38163,238113,192315,239388,05861,929113,91938,18336,30490,337
Dividends Paid00000000202,606301,15000000
Retained Profit428,687423,176-344233,3728,59883,38163,238113,192112,63386,90861,929113,91938,18336,30490,337
Employee Costs680,490666,251711,412729,166748,774618,571597,121729,819708,474646,3581,672,6961,512,5141,245,7161,211,3400
Number Of Employees17171920201818232120564941470
EBITDA*633,964586,79473,931342,14593,814209,465177,623291,547564,676685,768240,550250,296146,468126,903191,277

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets203,565202,228199,853107,693144,386190,780252,538201,553238,568252,870198,213209,403154,374100,944126,741
Intangible Assets000000000063,472126,945153,429179,913206,397
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets203,565202,228199,853107,693144,386190,780252,538201,553238,568252,870261,685336,348307,803280,857333,138
Stock & work in progress484,521566,797429,219447,049386,045264,128320,909324,586396,240323,774355,658359,732247,743268,684211,075
Trade Debtors731,384801,661577,564573,567629,782659,085841,751684,102919,312732,0281,073,075974,398820,532819,057504,154
Group Debtors494,352299,106318,727469,278480,660353,759353,934342,508362,986290,37200000
Misc Debtors47,013140,785148,942229,424168,368275,060145,104131,92877,23133,63100000
Cash724,474571,572177,904847,67911,81519,25431,76211,1621,7945,8936,58735,620024,371992
misc current assets000000000000000
total current assets2,481,7442,379,9211,652,3562,566,9971,676,6701,571,2861,693,4601,494,2861,757,5631,385,6981,435,3201,369,7501,068,2751,112,112716,221
total assets2,685,3092,582,1491,852,2092,674,6901,821,0561,762,0661,945,9981,695,8391,996,1311,638,5681,697,0051,706,0981,376,0781,392,9691,049,359
Bank overdraft00000000033,03000000
Bank loan00040,56200000000000
Trade Creditors 506,044553,465382,209661,692486,560382,396402,940329,920494,468384,0721,279,7631,270,0401,076,5331,054,081768,637
Group/Directors Accounts42,15644,82013,79700000424000000
other short term finances0000000249,354502,443000000
hp & lease commitments14,07416,65322,56317,91022,02028,96436,21341,10132,76526,16100000
other current liabilities175,941427,153310,125552,227468,378481,751724,445337,717356,558737,37200000
total current liabilities738,2151,042,091728,6941,272,391976,958893,1111,163,598958,0921,386,6581,180,6351,279,7631,270,0401,076,5331,054,081768,637
loans000339,43800000000000
hp & lease commitments25,71140,39156,84511,37824,11345,56926,84732,56539,58627600000
Accruals and Deferred Income000000000000000
other liabilities0000002,09826,0490063,853141,674127,400202,934179,676
provisions27,86734,83825,0179,48611,36023,35936,80925,72529,67130,07412,71415,6387,3189,31010,706
total long term liabilities53,57875,22981,862360,30235,47368,92865,75484,33969,25730,35076,567157,312134,718212,244190,382
total liabilities791,7931,117,320810,5561,632,6931,012,431962,0391,229,3521,042,4311,455,9151,210,9851,356,3301,427,3521,211,2511,266,325959,019
net assets1,893,5161,464,8291,041,6531,041,997808,625800,027716,646653,408540,216427,583340,675278,746164,827126,64490,340
total shareholders funds1,893,5161,464,8291,041,6531,041,997808,625800,027716,646653,408540,216427,583340,675278,746164,827126,64490,340
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit539,182509,32410,249299,27410,498102,74886,068164,967450,231524,72380,322149,80451,53850,359125,466
Depreciation94,78277,47063,68242,87183,316106,71791,555126,580114,44597,57396,80574,00868,44650,06039,321
Amortisation00000000063,47263,42326,48426,48426,48426,490
Tax-142,896-99,2640-54,742-2,017-19,559-14,834-28,298-90,008-94,186-18,498-35,974-13,416-14,118-35,131
Stock-82,276137,578-17,83061,004121,917-56,781-3,677-71,65472,466-31,884-4,074111,989-20,94157,609211,075
Debtors31,197196,319-227,036-6,541-9,094-52,885182,251-200,991303,498-17,04498,677153,8661,475314,903504,154
Creditors-47,421171,256-279,483175,132104,164-20,54473,020-164,548110,396-895,6919,723193,50722,452285,444768,637
Accruals and Deferred Income-251,212117,028-242,10283,849-13,373-242,694386,728-18,841-380,814737,37200000
Deferred Taxes & Provisions-6,9719,82115,531-1,874-11,999-13,45011,084-3,946-40317,360-2,9248,320-1,992-1,39610,706
Cash flow from operations236,543451,738-187,257490,04757,76622,884455,047348,559-172,117499,551134,248150,294172,97824,321220,260
Investing Activities
capital expenditure-96,119-79,845-155,842-6,178-36,922-44,959-142,540-89,565-100,143-152,230-85,565-129,037-121,876-24,263-398,949
Change in Investments000000000000000
cash flow from investments-96,119-79,845-155,842-6,178-36,922-44,959-142,540-89,565-100,143-152,230-85,565-129,037-121,876-24,263-398,949
Financing Activities
Bank loans00-40,56240,56200000000000
Group/Directors Accounts-2,66431,02313,7970000-424424000000
Other Short Term Loans 000000-249,354-253,089502,443000000
Long term loans00-339,438339,43800000000000
Hire Purchase and Lease Commitments-17,259-22,36450,120-16,845-28,40011,473-10,6061,31545,91426,43700000
other long term liabilities00000-2,098-23,95126,0490-63,853-77,82114,274-75,53423,258179,676
share issue000000000000003
interest32,40113,116-10,593-11,160117191-7,997-23,478-44,984-42,4791068961632
cash flow from financing12,47821,775-326,676351,995-28,2839,566-291,908-249,627503,797-79,895-77,71514,363-75,47323,321179,681
cash and cash equivalents
cash152,902393,668-669,775835,864-7,439-12,50820,6009,368-4,099-694-29,03335,620-24,37123,379992
overdraft00000000-33,03033,03000000
change in cash152,902393,668-669,775835,864-7,439-12,50820,6009,36828,931-33,724-29,03335,620-24,37123,379992

hogg blasting & finishing equipment limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Hogg Blasting & Finishing Equipment Limited Competitor Analysis

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Perform a competitor analysis for hogg blasting & finishing equipment limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in M11 area or any other competitors across 12 key performance metrics.

hogg blasting & finishing equipment limited Ownership

HOGG BLASTING & FINISHING EQUIPMENT LIMITED group structure

Hogg Blasting & Finishing Equipment Limited has no subsidiary companies.

Ultimate parent company

COP GRAND RAPIDS INVESTMENT LLC

#0157972

2 parents

HOGG BLASTING & FINISHING EQUIPMENT LIMITED

06348827

HOGG BLASTING & FINISHING EQUIPMENT LIMITED Shareholders

surface finishing equipment group ltd 100%

hogg blasting & finishing equipment limited directors

Hogg Blasting & Finishing Equipment Limited currently has 7 directors. The longest serving directors include Mr Michael Currie (Oct 2021) and Ms Katherine Yang (Oct 2021).

officercountryagestartendrole
Mr Michael CurrieUnited States51 years Oct 2021- Director
Ms Katherine YangUnited States40 years Oct 2021- Director
Ms Katherine YangUnited States40 years Oct 2021- Director
Mr John DodgeEngland49 years Sep 2022- Director
Mrs Claire TwibellEngland52 years Dec 2023- Director
Mr Sean WielandUnited States39 years Feb 2024- Director
Mr Christopher PierceUnited States46 years Feb 2024- Director

P&L

December 2023

turnover

3.2m

-2%

operating profit

539.2k

0%

gross margin

13.5%

+3.69%

turnover

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

Balance Sheet

December 2023

net assets

1.9m

+0.29%

total assets

2.7m

+0.04%

cash

724.5k

+0.27%

net assets

Total assets minus all liabilities

hogg blasting & finishing equipment limited company details

company number

06348827

Type

Private limited with Share Capital

industry

24510 - Casting of iron

incorporation date

August 2007

age

17

incorporated

UK

ultimate parent company

COP GRAND RAPIDS INVESTMENT LLC

accounts

Small Company

last accounts submitted

December 2023

previous names

fhs21 limited (November 2007)

accountant

SUMER AUDITCO LTD

auditor

-

address

4 kelbrook road, openshaw, manchester, M11 2QA

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

hogg blasting & finishing equipment 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 found 3 charges/mortgages relating to hogg blasting & finishing equipment limited. Currently there are 0 open charges and 3 have been satisfied in the past.

charges

hogg blasting & finishing equipment limited Companies House Filings - See Documents

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