haas 2007 limited

haas 2007 limited Company Information

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Company Number

06439244

Industry

Agents involved in the sale of machinery, industrial equipment, ships and aircraft

 

Shareholders

andrew ward

andrew stevens

Group Structure

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Contact

Registered Address

2 convent road, norwich, NR2 1PA

haas 2007 limited Estimated Valuation

£22.7m

Pomanda estimates the enterprise value of HAAS 2007 LIMITED at £22.7m based on a Turnover of £34.8m and 0.65x industry multiple (adjusted for size and gross margin).

haas 2007 limited Estimated Valuation

£9.4m

Pomanda estimates the enterprise value of HAAS 2007 LIMITED at £9.4m based on an EBITDA of £1.2m and a 7.97x industry multiple (adjusted for size and gross margin).

haas 2007 limited Estimated Valuation

£15.8m

Pomanda estimates the enterprise value of HAAS 2007 LIMITED at £15.8m based on Net Assets of £7.6m and 2.09x industry multiple (adjusted for liquidity).

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Haas 2007 Limited Overview

Haas 2007 Limited is a live company located in norwich, NR2 1PA with a Companies House number of 06439244. It operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft sector, SIC Code 46140. Founded in November 2007, it's largest shareholder is andrew ward with a 56.5% stake. Haas 2007 Limited is a established, large sized company, Pomanda has estimated its turnover at £34.8m with healthy growth in recent years.

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Haas 2007 Limited Health Check

Pomanda's financial health check has awarded Haas 2007 Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £34.8m, make it larger than the average company (£15.3m)

£34.8m - Haas 2007 Limited

£15.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (7.7%)

8% - Haas 2007 Limited

7.7% - Industry AVG

production

Production

with a gross margin of 33.9%, this company has a lower cost of product (27%)

33.9% - Haas 2007 Limited

27% - Industry AVG

profitability

Profitability

an operating margin of 1.8% make it less profitable than the average company (5.5%)

1.8% - Haas 2007 Limited

5.5% - Industry AVG

employees

Employees

with 79 employees, this is above the industry average (31)

79 - Haas 2007 Limited

31 - Industry AVG

paystructure

Pay Structure

on an average salary of £112.6k, the company has a higher pay structure (£54.2k)

£112.6k - Haas 2007 Limited

£54.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £440.9k, this is more efficient (£380.5k)

£440.9k - Haas 2007 Limited

£380.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 22 days, this is earlier than average (47 days)

22 days - Haas 2007 Limited

47 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 94 days, this is slower than average (35 days)

94 days - Haas 2007 Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 84 days, this is in line with average (84 days)

84 days - Haas 2007 Limited

84 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 39 weeks, this is more cash available to meet short term requirements (10 weeks)

39 weeks - Haas 2007 Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 66.3%, this is a similar level of debt than the average (61.8%)

66.3% - Haas 2007 Limited

61.8% - Industry AVG

HAAS 2007 LIMITED financials

EXPORTms excel logo

Haas 2007 Limited's latest turnover from December 2023 is £34.8 million and the company has net assets of £7.6 million. According to their latest financial statements, Haas 2007 Limited has 79 employees and maintains cash reserves of £10.1 million 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
Turnover34,828,14933,070,30927,742,90327,991,29840,160,23236,823,89734,952,28027,020,73629,591,99732,049,04629,316,00429,790,80728,887,33217,550,69613,825,262
Other Income Or Grants000000000000000
Cost Of Sales23,011,09222,109,32718,246,26019,211,30927,746,01125,442,25823,786,51517,483,29519,871,03721,567,39719,620,70620,034,76619,617,24411,585,7528,934,113
Gross Profit11,817,05710,960,9829,496,6438,779,98912,414,22111,381,63911,165,7659,537,4419,720,96010,481,6499,695,2989,756,0419,270,0885,964,9444,891,149
Admin Expenses11,192,9918,051,2976,708,7906,327,9898,373,6757,393,9846,629,0676,771,5786,519,3476,481,8447,902,0406,409,3546,138,0204,215,0853,783,598
Operating Profit624,0662,909,6852,787,8532,452,0004,040,5463,987,6554,536,6982,765,8633,201,6133,999,8051,793,2583,346,6873,132,0681,749,8591,107,551
Interest Payable80,50169,47529,72514,8508,43511,8977,27314,41514,90210,4418,20417,04028,50817,64415,154
Interest Receivable196,9754,0681,02022,35257,02760,30921,49731,13236,36543,36340,13235,99528,7345,8074,221
Pre-Tax Profit740,5402,844,2782,759,1482,459,5024,089,1384,036,0674,550,9222,782,5803,223,0764,032,7271,825,1863,371,8753,132,2941,738,0221,096,618
Tax-191,051-522,639-564,967-474,993-724,771-715,438-647,854-520,220-682,896-870,326-842,604-912,239-945,580-503,398-307,813
Profit After Tax549,4892,321,6392,194,1811,984,5093,364,3673,320,6293,903,0682,262,3602,540,1803,162,401982,5822,459,6362,186,7141,234,624788,805
Dividends Paid1,310,0001,581,3001,650,5502,204,8002,396,9602,557,320486,0002,160,0002,675,0002,300,0002,300,0001,965,0000110,000224,000
Retained Profit-760,511740,339543,631-220,291967,407763,3093,417,068102,360-134,820862,401-1,317,418494,6362,186,7141,124,624564,805
Employee Costs8,892,2174,836,4713,850,1023,961,9594,581,2034,097,3713,921,9553,547,3023,520,6633,697,3713,471,4233,446,0543,340,0112,470,0182,188,827
Number Of Employees797876879288818075757368656060
EBITDA*1,177,8973,300,6593,126,1942,642,0334,424,2824,362,6004,834,2883,048,0933,560,2554,357,0633,857,5743,868,7883,830,8722,278,7781,618,471

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets3,986,0003,458,3203,679,8511,936,6362,219,4972,301,1602,209,5421,862,1851,702,955724,459717,713539,099662,671492,174478,438
Intangible Assets000000000001,731,9852,078,3822,424,7792,771,176
Investments & Other100,00000000000000000
Debtors (Due After 1 year)00000020,00020,10020,10020,10020,10020,10020,10020,10020,100
Total Fixed Assets4,086,0003,458,3203,679,8511,936,6362,219,4972,301,1602,229,5421,882,2851,723,055744,559737,8132,291,1842,761,1532,937,0533,269,714
Stock & work in progress5,337,9016,271,6297,209,4214,540,6375,539,8355,666,1693,190,2364,067,0903,142,3644,014,6023,173,2653,195,6024,342,5533,168,3901,460,416
Trade Debtors2,126,8692,886,3432,188,9752,560,2292,563,9442,635,9343,200,6832,829,3772,173,170912,102138,6411,652,9093,445,3801,710,190889,883
Group Debtors000000000000000
Misc Debtors890,380791,266924,419196,093169,223705,418277,561336,094256,880300,562317,596369,191203,396154,778162,568
Cash10,052,09010,570,4898,485,9899,054,4517,154,0506,366,7536,955,6675,876,0685,273,3766,437,3765,478,0594,993,7774,476,3301,724,9575,048
misc current assets000000000000000
total current assets18,407,24020,519,72718,808,80416,351,41015,427,05215,374,27413,624,14713,108,62910,845,79011,664,6429,107,56110,211,47912,467,6596,758,3152,517,915
total assets22,493,24023,978,04722,488,65518,288,04617,646,54917,675,43415,853,68914,990,91412,568,84512,409,2019,845,37412,502,66315,228,8129,695,3685,787,629
Bank overdraft0000000000000078,983
Bank loan0400,000400,000200,00000000000000
Trade Creditors 5,930,5417,851,9427,754,1425,259,2415,428,3596,261,8594,577,6335,342,3873,461,0005,166,2713,690,4583,825,6744,920,9523,933,0081,878,532
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments501,529362,919338,865129,312308,947254,725101,957205,340317,660265,801292,763193,494205,304180,339153,393
other current liabilities6,777,0015,125,7503,795,2413,307,4053,826,9453,990,6954,963,6244,637,4783,872,0631,934,3631,795,9523,098,9185,076,1173,188,9122,023,745
total current liabilities13,209,07113,740,61112,288,2488,895,9589,564,25110,507,2799,643,21410,185,2057,650,7237,366,4355,779,1737,118,08610,202,3737,302,2594,134,653
loans01,000,0001,400,0001,800,00000000000000
hp & lease commitments793,082151,150455,3450159,919201,29020,15475,212269,607254,359186,661185,021337,89675,336156,291
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions916,554751,242750,357541,014651,014662,907649,672585,653606,031611,103564,637567,235550,858366,802323,941
total long term liabilities1,709,6361,902,3922,605,7022,341,014810,933864,197669,826660,865875,638865,462751,298752,256888,754442,138480,232
total liabilities14,918,70715,643,00314,893,95011,236,97210,375,18411,371,47610,313,04010,846,0708,526,3618,231,8976,530,4717,870,34211,091,1277,744,3974,614,885
net assets7,574,5338,335,0447,594,7057,051,0747,271,3656,303,9585,540,6494,144,8444,042,4844,177,3043,314,9034,632,3214,137,6851,950,9711,172,744
total shareholders funds7,574,5338,335,0447,594,7057,051,0747,271,3656,303,9585,540,6494,144,8444,042,4844,177,3043,314,9034,632,3214,137,6851,950,9711,172,744
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit624,0662,909,6852,787,8532,452,0004,040,5463,987,6554,536,6982,765,8633,201,6133,999,8051,793,2583,346,6873,132,0681,749,8591,107,551
Depreciation553,831390,974338,341190,033383,736374,945297,590282,230358,642357,258332,331175,704352,407182,522164,523
Amortisation00000000001,731,985346,397346,397346,397346,397
Tax-191,051-522,639-564,967-474,993-724,771-715,438-647,854-520,220-682,896-870,326-842,604-912,239-945,580-503,398-307,813
Stock-933,728-937,7922,668,784-999,198-126,3342,475,933-876,854924,726-872,238841,337-22,337-1,146,9511,174,1631,707,9741,460,416
Debtors-660,360564,215357,07223,155-608,185-156,892312,673735,4211,217,386756,427-1,565,863-1,626,6761,783,808812,5171,072,551
Creditors-1,921,40197,8002,494,901-169,118-833,5001,684,226-764,7541,881,387-1,705,2711,475,813-135,216-1,095,278987,9442,054,4761,878,532
Accruals and Deferred Income1,651,2511,330,509487,836-519,540-163,750-972,929326,146765,4151,937,700138,411-1,302,966-1,977,1991,887,2051,165,1672,023,745
Deferred Taxes & Provisions165,312885209,343-110,000-11,89313,23564,019-20,378-5,07246,466-2,59816,377184,05642,861323,941
Cash flow from operations2,476,0964,580,7912,727,4512,344,4253,424,8872,052,6534,376,0263,494,1502,759,5683,549,6633,162,3902,674,0762,986,5262,517,3933,003,909
Investing Activities
capital expenditure00000-413,833-211,289-402,561-993,4718,376-146,971-7,174-71,534-36,43523,698
Change in Investments100,00000000000000000
cash flow from investments-100,0000000-413,833-211,289-402,561-993,4718,376-146,971-7,174-71,534-36,43523,698
Financing Activities
Bank loans-400,0000200,000200,00000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans-1,000,000-400,000-400,0001,800,00000000000000
Hire Purchase and Lease Commitments780,542-280,141664,898-339,55412,851333,904-158,441-306,71567,10740,736100,909-164,685287,525-54,009309,684
other long term liabilities000000000000000
share issue000000-2,021,263000000-346,397607,939
interest116,474-65,407-28,7057,50248,59248,41214,22416,71721,46332,92231,92818,955226-11,837-10,933
cash flow from financing-502,984-745,548436,1931,667,94861,443382,316-2,165,480-289,99888,57073,658132,837-145,730287,751-412,243906,690
cash and cash equivalents
cash-518,3992,084,500-568,4621,900,401787,297-588,9141,079,599602,692-1,164,000959,317484,282517,4472,751,3731,719,9095,048
overdraft0000000000000-78,98378,983
change in cash-518,3992,084,500-568,4621,900,401787,297-588,9141,079,599602,692-1,164,000959,317484,282517,4472,751,3731,798,892-73,935

haas 2007 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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Haas 2007 Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for haas 2007 limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in NR2 area or any other competitors across 12 key performance metrics.

haas 2007 limited Ownership

HAAS 2007 LIMITED group structure

Haas 2007 Limited has 1 subsidiary company.

Ultimate parent company

HAAS 2007 LIMITED

06439244

1 subsidiary

HAAS 2007 LIMITED Shareholders

andrew ward 56.52%
andrew stevens 43.48%

haas 2007 limited directors

Haas 2007 Limited currently has 2 directors. The longest serving directors include Mr Andrew Ward (Nov 2007) and Mr Gregory Smith (Apr 2021).

officercountryagestartendrole
Mr Andrew WardUnited Kingdom56 years Nov 2007- Director
Mr Gregory SmithEngland43 years Apr 2021- Director

P&L

December 2023

turnover

34.8m

+5%

operating profit

624.1k

-79%

gross margin

34%

+2.37%

turnover

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

Balance Sheet

December 2023

net assets

7.6m

-0.09%

total assets

22.5m

-0.06%

cash

10.1m

-0.05%

net assets

Total assets minus all liabilities

haas 2007 limited company details

company number

06439244

Type

Private limited with Share Capital

industry

46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft

incorporation date

November 2007

age

17

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

LARKING GOWEN LLP

address

2 convent road, norwich, NR2 1PA

Bank

-

Legal Advisor

-

haas 2007 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 1 charges/mortgages relating to haas 2007 limited. Currently there are 1 open charges and 0 have been satisfied in the past.

haas 2007 limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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haas 2007 limited Companies House Filings - See Documents

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