hearing is believing ltd

Live EstablishedMicroDeclining

hearing is believing ltd Company Information

Share HEARING IS BELIEVING LTD

Company Number

06742834

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

hearing is believing ltd Estimated Valuation

£235.6k

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

£0

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

£121.3k

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).

Edit your figures and get a professional valuation report.

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.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

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

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £105.8k, make it smaller than the average company (£169.6k)

£105.8k - Hearing Is Believing Ltd

£169.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (21.9%)

-3% - Hearing Is Believing Ltd

21.9% - Industry AVG

production

Production

with a gross margin of 39.2%, this company has a comparable cost of product (39.2%)

39.2% - Hearing Is Believing Ltd

39.2% - Industry AVG

profitability

Profitability

an operating margin of -6.5% make it less profitable than the average company (2.8%)

-6.5% - Hearing Is Believing Ltd

2.8% - Industry AVG

employees

Employees

with 2 employees, this is similar to the industry average (2)

2 - Hearing Is Believing Ltd

2 - Industry AVG

paystructure

Pay Structure

on an average salary of £10k, the company has an equivalent pay structure (£10k)

£10k - Hearing Is Believing Ltd

£10k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £52.9k, this is less efficient (£95.1k)

£52.9k - Hearing Is Believing Ltd

£95.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 25 days, this is earlier than average (43 days)

25 days - Hearing Is Believing Ltd

43 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 55 days, this is slower than average (36 days)

55 days - Hearing Is Believing Ltd

36 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 20 days, this is more than average (5 days)

20 days - Hearing Is Believing Ltd

5 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover105,75487,228160,905117,233524,4361,197,706236,089174,928129,315504,345120,22712,394113,966115,367113,478
Other Income Or Grants
Cost Of Sales64,27152,69979,51572,596216,309511,525106,19374,49255,956286,52380,7943,57054,20539,59132,871
Gross Profit41,48334,52981,39044,637308,127686,181129,896100,43773,359217,82239,4338,82459,76175,77680,607
Admin Expenses48,38047,02164,18956,954303,255683,509129,68165,05188,269203,89236,972-30,74051,37179,096100,437
Operating Profit-6,897-12,49217,201-12,3174,8722,67221535,386-14,91013,9302,46139,5648,390-3,320-19,830
Interest Payable
Interest Receivable3,0142,7044817243224306113164199183118575639
Pre-Tax Profit-3,883-9,78817,681-12,2454,9152,89652135,499-14,74614,1292,64439,6828,447-3,264-19,791
Tax-3,359-934-550-99-7,100-2,967-608-9,524-2,196
Profit After Tax-3,883-9,78814,322-12,2453,9812,34642228,399-14,74611,1622,03630,1586,251-3,264-19,791
Dividends Paid
Retained Profit-3,883-9,78814,322-12,2453,9812,34642228,399-14,74611,1622,03630,1586,251-3,264-19,791
Employee Costs20,06861,65887,17278,441110,890584,67280,140107,07896,235331,962101,32630,40492,01784,24885,382
Number Of Employees22222112221031333
EBITDA*-6,050-11,58118,141-11,2874,8722,67227835,386-14,91013,9303,11340,2189,044-2,666-19,176

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets2,5563,4033,3064,2463,7544,4161,0786521,3061,9602,614
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets2,5563,4033,3064,2463,7544,4161,0786521,3061,9602,614
Stock & work in progress3,5558,5003,7506,50019,5001,0002002002504,1263,4765,5986,1891,833
Trade Debtors7,490509,78083,9033,2323,85641910,8501,0835,3283,261
Group Debtors
Misc Debtors2,7503,5802,7503,4704,941297195
Cash57,59657,23570,02058,21386,10859,79162,58927,98737,75741,96431,14915,9156,99915,485
misc current assets288
total current assets71,39169,36586,30068,183110,54984,19164,02366,64528,60648,85746,38734,82022,59618,51620,579
total assets73,94772,76889,60672,429114,30388,60765,10166,64528,60648,85746,38735,47223,90220,47623,193
Bank overdraft
Bank loan
Trade Creditors 9,72511,2509,84612,93035,64444,98424,37426,34016,70022,20511,52510,97029,70623,53122,984
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities28,27621,42229,89423,77631,60519,37211,048
total current liabilities38,00132,67239,74036,70667,24944,98424,37426,34016,70022,20530,89722,01829,70623,53122,984
loans
hp & lease commitments
Accruals and Deferred Income650
other liabilities
provisions486753735914
total long term liabilities486753735914650
total liabilities38,48733,42540,47537,62067,24945,63424,37426,34016,70022,20530,89722,01829,70623,53122,984
net assets35,46039,34349,13134,80947,05442,97340,72740,30511,90626,65215,49013,454-5,804-3,055209
total shareholders funds35,46039,34349,13134,80947,05442,97340,72740,30511,90626,65215,49013,454-5,804-3,055209
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-6,897-12,49217,201-12,3174,8722,67221535,386-14,91013,9302,46139,5648,390-3,320-19,830
Depreciation8479119401,03063652654654654654
Amortisation
Tax-3,359-934-550-99-7,100-2,967-608-9,524-2,196
Stock-4,9454,750-2,750-13,00019,500-1,000800-50-3,876650-2,122-5914,3561,833
Debtors6,610-8,9009,060-1,471-78,96280,671-6243,437-10,43110,553102-888-4,2452,0673,261
Creditors-1,5251,404-3,084-22,714-9,34020,610-1,9669,640-5,50510,680555-18,7366,17554722,984
Accruals and Deferred Income6,854-8,4726,118-7,82930,955650-19,3728,32411,048
Deferred Taxes & Provisions-26718-179914
Cash flow from operations-2,653-14,48111,327-26,44585,015-56,289-1,96334,489-9,934-4,40610,63226,01617,859-8,542-1,286
Investing Activities
capital expenditure-1,008-1,522662-3,338-1,141-3,268
Change in Investments
cash flow from investments-1,008-1,522662-3,338-1,141-3,268
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue100-100-10,900-9,00020,000
interest3,0142,7044817243224306113164199183118575639
cash flow from financing3,0142,70448172143124306113164199183-10,782-8,9435620,039
cash and cash equivalents
cash361-12,78511,807-27,89586,108-59,791-2,79834,602-9,770-4,20710,81515,2348,916-8,48615,485
overdraft
change in cash361-12,78511,807-27,89586,108-59,791-2,79834,602-9,770-4,20710,81515,2348,916-8,48615,485

hearing is believing ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for hearing is believing ltd. Get real-time insights into hearing is believing ltd's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Hearing Is Believing Ltd Competitor Analysis

competitor_analysis_table_img

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 Shareholders

michael henley 60%
michelle henley 40%

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).

officercountryagestartendrole
Mr Michael HenleyEngland54 years Dec 2008- Director
Mrs Michelle HenleyEngland54 years May 2014- Director

P&L

March 2024

turnover

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 2024

net 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

None

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

datedescriptionview/download