hearing is believing ltd
hearing is believing ltd Company Information
Company Number
06742834
Next Accounts
Dec 2025
Shareholders
michael henley
michelle henley
Group Structure
View All
Industry
Retail sale of hearing aids in specialised stores
Registered Address
1 plains road, nottingham, NG3 5JH
Website
www.hearingisbelieving.co.ukhearing is believing ltd Estimated Valuation
Pomanda estimates the enterprise value of HEARING IS BELIEVING LTD at £235.6k based on a Turnover of £105.8k and 2.23x industry multiple (adjusted for size and gross margin).
hearing is believing ltd Estimated Valuation
Pomanda estimates the enterprise value of HEARING IS BELIEVING LTD at £0 based on an EBITDA of £-6.1k and a 12.12x industry multiple (adjusted for size and gross margin).
hearing is believing ltd Estimated Valuation
Pomanda estimates the enterprise value of HEARING IS BELIEVING LTD at £121.3k based on Net Assets of £35.5k and 3.42x industry multiple (adjusted for liquidity).
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Hearing Is Believing Ltd Overview
Hearing Is Believing Ltd is a live company located in nottingham, NG3 5JH with a Companies House number of 06742834. It operates in the retail sale of hearing aids sector, SIC Code 47741. Founded in November 2008, it's largest shareholder is michael henley with a 60% stake. Hearing Is Believing Ltd is a established, micro sized company, Pomanda has estimated its turnover at £105.8k with declining growth in recent years.
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Hearing Is Believing Ltd Health Check
Pomanda's financial health check has awarded Hearing Is Believing Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £105.8k, make it smaller than the average company (£169.6k)
- Hearing Is Believing Ltd
£169.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (21.9%)
- Hearing Is Believing Ltd
21.9% - Industry AVG
Production
with a gross margin of 39.2%, this company has a comparable cost of product (39.2%)
- Hearing Is Believing Ltd
39.2% - Industry AVG
Profitability
an operating margin of -6.5% make it less profitable than the average company (2.8%)
- Hearing Is Believing Ltd
2.8% - Industry AVG
Employees
with 2 employees, this is similar to the industry average (2)
2 - Hearing Is Believing Ltd
2 - Industry AVG
Pay Structure
on an average salary of £10k, the company has an equivalent pay structure (£10k)
- Hearing Is Believing Ltd
£10k - Industry AVG
Efficiency
resulting in sales per employee of £52.9k, this is less efficient (£95.1k)
- Hearing Is Believing Ltd
£95.1k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (43 days)
- Hearing Is Believing Ltd
43 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (36 days)
- Hearing Is Believing Ltd
36 days - Industry AVG
Stock Days
it holds stock equivalent to 20 days, this is more than average (5 days)
- Hearing Is Believing Ltd
5 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 78 weeks, this is more cash available to meet short term requirements (9 weeks)
78 weeks - Hearing Is Believing Ltd
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.1%, this is a higher level of debt than the average (36.9%)
52.1% - Hearing Is Believing Ltd
36.9% - Industry AVG
HEARING IS BELIEVING LTD financials
Hearing Is Believing Ltd's latest turnover from March 2024 is estimated at £105.8 thousand and the company has net assets of £35.5 thousand. According to their latest financial statements, Hearing Is Believing Ltd has 2 employees and maintains cash reserves of £57.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | 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 | 2,556 | 3,403 | 3,306 | 4,246 | 3,754 | 4,416 | 1,078 | 652 | 1,306 | 1,960 | 2,614 | ||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 2,556 | 3,403 | 3,306 | 4,246 | 3,754 | 4,416 | 1,078 | 652 | 1,306 | 1,960 | 2,614 | ||||
| Stock & work in progress | 3,555 | 8,500 | 3,750 | 6,500 | 19,500 | 1,000 | 200 | 200 | 250 | 4,126 | 3,476 | 5,598 | 6,189 | 1,833 | |
| Trade Debtors | 7,490 | 50 | 9,780 | 83,903 | 3,232 | 3,856 | 419 | 10,850 | 1,083 | 5,328 | 3,261 | ||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 2,750 | 3,580 | 2,750 | 3,470 | 4,941 | 297 | 195 | ||||||||
| Cash | 57,596 | 57,235 | 70,020 | 58,213 | 86,108 | 59,791 | 62,589 | 27,987 | 37,757 | 41,964 | 31,149 | 15,915 | 6,999 | 15,485 | |
| misc current assets | 288 | ||||||||||||||
| total current assets | 71,391 | 69,365 | 86,300 | 68,183 | 110,549 | 84,191 | 64,023 | 66,645 | 28,606 | 48,857 | 46,387 | 34,820 | 22,596 | 18,516 | 20,579 |
| total assets | 73,947 | 72,768 | 89,606 | 72,429 | 114,303 | 88,607 | 65,101 | 66,645 | 28,606 | 48,857 | 46,387 | 35,472 | 23,902 | 20,476 | 23,193 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 9,725 | 11,250 | 9,846 | 12,930 | 35,644 | 44,984 | 24,374 | 26,340 | 16,700 | 22,205 | 11,525 | 10,970 | 29,706 | 23,531 | 22,984 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 28,276 | 21,422 | 29,894 | 23,776 | 31,605 | 19,372 | 11,048 | ||||||||
| total current liabilities | 38,001 | 32,672 | 39,740 | 36,706 | 67,249 | 44,984 | 24,374 | 26,340 | 16,700 | 22,205 | 30,897 | 22,018 | 29,706 | 23,531 | 22,984 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 650 | ||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 486 | 753 | 735 | 914 | |||||||||||
| total long term liabilities | 486 | 753 | 735 | 914 | 650 | ||||||||||
| total liabilities | 38,487 | 33,425 | 40,475 | 37,620 | 67,249 | 45,634 | 24,374 | 26,340 | 16,700 | 22,205 | 30,897 | 22,018 | 29,706 | 23,531 | 22,984 |
| net assets | 35,460 | 39,343 | 49,131 | 34,809 | 47,054 | 42,973 | 40,727 | 40,305 | 11,906 | 26,652 | 15,490 | 13,454 | -5,804 | -3,055 | 209 |
| total shareholders funds | 35,460 | 39,343 | 49,131 | 34,809 | 47,054 | 42,973 | 40,727 | 40,305 | 11,906 | 26,652 | 15,490 | 13,454 | -5,804 | -3,055 | 209 |
| Mar 2024 | 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 | |||||||||||||||
| Depreciation | 847 | 911 | 940 | 1,030 | 63 | 652 | 654 | 654 | 654 | 654 | |||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -4,945 | 4,750 | -2,750 | -13,000 | 19,500 | -1,000 | 800 | -50 | -3,876 | 650 | -2,122 | -591 | 4,356 | 1,833 | |
| Debtors | 6,610 | -8,900 | 9,060 | -1,471 | -78,962 | 80,671 | -624 | 3,437 | -10,431 | 10,553 | 102 | -888 | -4,245 | 2,067 | 3,261 |
| Creditors | -1,525 | 1,404 | -3,084 | -22,714 | -9,340 | 20,610 | -1,966 | 9,640 | -5,505 | 10,680 | 555 | -18,736 | 6,175 | 547 | 22,984 |
| Accruals and Deferred Income | 6,854 | -8,472 | 6,118 | -7,829 | 30,955 | 650 | -19,372 | 8,324 | 11,048 | ||||||
| Deferred Taxes & Provisions | -267 | 18 | -179 | 914 | |||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 361 | -12,785 | 11,807 | -27,895 | 86,108 | -59,791 | -2,798 | 34,602 | -9,770 | -4,207 | 10,815 | 15,234 | 8,916 | -8,486 | 15,485 |
| overdraft | |||||||||||||||
| change in cash | 361 | -12,785 | 11,807 | -27,895 | 86,108 | -59,791 | -2,798 | 34,602 | -9,770 | -4,207 | 10,815 | 15,234 | 8,916 | -8,486 | 15,485 |
hearing is believing ltd Credit Report and Business Information
Hearing Is Believing Ltd Competitor Analysis
Perform a competitor analysis for hearing is believing ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in NG3 area or any other competitors across 12 key performance metrics.
hearing is believing ltd Ownership
HEARING IS BELIEVING LTD group structure
Hearing Is Believing Ltd has no subsidiary companies.
Ultimate parent company
HEARING IS BELIEVING LTD
06742834
hearing is believing ltd directors
Hearing Is Believing Ltd currently has 2 directors. The longest serving directors include Mr Michael Henley (Dec 2008) and Mrs Michelle Henley (May 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Henley | England | 54 years | Dec 2008 | - | Director |
| Mrs Michelle Henley | England | 54 years | May 2014 | - | Director |
P&L
March 2024turnover
105.8k
+21%
operating profit
-6.9k
0%
gross margin
39.3%
-0.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
35.5k
-0.1%
total assets
73.9k
+0.02%
cash
57.6k
+0.01%
net assets
Total assets minus all liabilities
hearing is believing ltd company details
company number
06742834
Type
Private limited with Share Capital
industry
47741 - Retail sale of hearing aids in specialised stores
incorporation date
November 2008
age
17
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
1 plains road, nottingham, NG3 5JH
Bank
-
Legal Advisor
-
hearing is believing ltd 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 did not find charges/mortgages relating to hearing is believing ltd.
hearing is believing ltd 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.
Click to start generating capital raising & share issue transactions for HEARING IS BELIEVING LTD. This can take several minutes, an email will notify you when this has completed.
hearing is believing ltd Companies House Filings - See Documents
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