
Company Number
06856299
Next Accounts
May 2025
Shareholders
anchor hanover group
Group Structure
View All
Industry
Development of building projects
+1Registered Address
the heal's building, suites a & b, london, WC1E 7HJ
Website
http://hanover.org.ukPomanda estimates the enterprise value of HANOVER HOUSING DEVELOPMENTS LIMITED at £33.8m based on a Turnover of £17.1m and 1.98x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of HANOVER HOUSING DEVELOPMENTS LIMITED at £32.7m based on an EBITDA of £5.6m and a 5.81x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of HANOVER HOUSING DEVELOPMENTS LIMITED at £0 based on Net Assets of £0 and 1.45x industry multiple (adjusted for liquidity).
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Hanover Housing Developments Limited is a dissolved company that was located in london, WC1E 7HJ with a Companies House number of 06856299. It operated in the development of building projects sector, SIC Code 41100. Founded in March 2009, it's largest shareholder was anchor hanover group with a 100% stake. The last turnover for Hanover Housing Developments Limited was estimated at £17.1m.
Pomanda's financial health check has awarded Hanover Housing Developments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 1 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
1 Weak
Size
annual sales of £17.1m, make it larger than the average company (£1.5m)
£17.1m - Hanover Housing Developments Limited
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (1.1%)
4% - Hanover Housing Developments Limited
1.1% - Industry AVG
Production
with a gross margin of 32.9%, this company has a higher cost of product (45.1%)
32.9% - Hanover Housing Developments Limited
45.1% - Industry AVG
Profitability
an operating margin of 32.8% make it as profitable than the average company (29.9%)
32.8% - Hanover Housing Developments Limited
29.9% - Industry AVG
Employees
with 74 employees, this is above the industry average (5)
- Hanover Housing Developments Limited
5 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Hanover Housing Developments Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £231.4k, this is equally as efficient (£236.7k)
- Hanover Housing Developments Limited
£236.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Hanover Housing Developments Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Hanover Housing Developments Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hanover Housing Developments Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Hanover Housing Developments Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Hanover Housing Developments Limited
- - Industry AVG
Hanover Housing Developments Limited's latest turnover from March 2022 is £17.1 million and the company has net assets of 0. According to their latest financial statements, we estimate that Hanover Housing Developments Limited has 74 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
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 | 17,126,000 | 30,196,000 | 15,279,000 | 15,219,000 | 49,853,000 | 3,118,000 | 7,458,000 | ||||||
Other Income Or Grants | |||||||||||||
Cost Of Sales | 11,500,000 | 19,712,000 | 10,949,000 | 8,378,000 | 39,930,000 | 2,266,000 | 6,936,000 | ||||||
Gross Profit | 5,626,000 | 10,484,000 | 4,330,000 | 6,841,000 | 9,923,000 | 852,000 | 522,000 | ||||||
Admin Expenses | 1,000 | 3,102,000 | 1,781,000 | 1,325,000 | 623,000 | 425,000 | 1,243,000 | 22,000 | |||||
Operating Profit | 5,625,000 | 7,382,000 | 2,549,000 | 5,516,000 | 9,300,000 | 427,000 | -721,000 | -22,000 | 255,000 | -244,000 | -22,000 | -21,489 | |
Interest Payable | |||||||||||||
Interest Receivable | 150,000 | 284,000 | 738,000 | 766,000 | 1,506,000 | 16,000 | 3,000 | ||||||
Pre-Tax Profit | 5,625,000 | 7,532,000 | 2,833,000 | 6,254,000 | 10,066,000 | 1,933,000 | -105,000 | -19,000 | 255,000 | -244,000 | -22,000 | -21,489 | |
Tax | -17,000 | -27,000 | 27,000 | ||||||||||
Profit After Tax | 5,625,000 | 7,532,000 | 2,833,000 | 6,254,000 | 10,049,000 | 1,906,000 | -78,000 | -19,000 | 255,000 | -244,000 | -22,000 | -21,489 | |
Dividends Paid | |||||||||||||
Retained Profit | 5,625,000 | 7,532,000 | 2,833,000 | 6,254,000 | 10,049,000 | 129,000 | -78,000 | -19,000 | 255,000 | -244,000 | -22,000 | -21,489 | |
Employee Costs | |||||||||||||
Number Of Employees | |||||||||||||
EBITDA* | 5,625,000 | 7,382,000 | 2,549,000 | 5,516,000 | 9,300,000 | 427,000 | -721,000 | -22,000 | 255,000 | -244,000 | -22,000 | -21,489 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
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 | |||||||||||||
Intangible Assets | |||||||||||||
Investments & Other | 153,000 | 145,654 | |||||||||||
Debtors (Due After 1 year) | |||||||||||||
Total Fixed Assets | 153,000 | 145,654 | |||||||||||
Stock & work in progress | 11,473,000 | 30,991,000 | 27,084,000 | 28,699,000 | 58,865,000 | 38,434,000 | 24,827,000 | 30,133,000 | 30,140,000 | ||||
Trade Debtors | |||||||||||||
Group Debtors | 828,000 | 6,029,000 | 19,998,000 | 14,330,000 | 13,890,000 | 1 | |||||||
Misc Debtors | 4,000 | 1,017,000 | 785,000 | 17,000 | 59,000 | 1,244,000 | 13,045,000 | ||||||
Cash | 5,333,000 | 33,739,000 | 34,703,000 | 21,322,000 | 1,389,000 | 612,000 | 4,000 | 10,000 | |||||
misc current assets | 27,000 | 2,728,000 | |||||||||||
total current assets | 17,638,000 | 65,747,000 | 68,601,000 | 70,036,000 | 74,643,000 | 54,207,000 | 40,604,000 | 30,143,000 | 30,140,000 | 1 | |||
total assets | 17,638,000 | 65,747,000 | 68,601,000 | 70,036,000 | 74,643,000 | 54,207,000 | 40,604,000 | 30,143,000 | 30,140,000 | 153,000 | 145,655 | ||
Bank overdraft | 627,000 | 417,000 | 29,000 | ||||||||||
Bank loan | |||||||||||||
Trade Creditors | 12,000 | 13,000 | 3,000 | 9,000 | 1,000 | 21,000 | |||||||
Group/Directors Accounts | 2,442,000 | 71,000 | 1,849,000 | 72,000 | 116,000 | 112,000 | 4,035,000 | 195,000 | 87,000 | ||||
other short term finances | |||||||||||||
hp & lease commitments | |||||||||||||
other current liabilities | 4,093,000 | 2,744,000 | 8,145,000 | 634,000 | 1,035,000 | 1,354,000 | 782,000 | 3,000 | 142,000 | 1,000 | 80,143 | ||
total current liabilities | 4,105,000 | 5,199,000 | 8,843,000 | 1,054,000 | 2,893,000 | 1,456,000 | 919,000 | 115,000 | 4,177,000 | 196,000 | 167,143 | ||
loans | |||||||||||||
hp & lease commitments | |||||||||||||
Accruals and Deferred Income | |||||||||||||
other liabilities | 790,000 | ||||||||||||
provisions | |||||||||||||
total long term liabilities | 790,000 | ||||||||||||
total liabilities | 4,105,000 | 5,989,000 | 8,843,000 | 1,054,000 | 2,893,000 | 1,456,000 | 919,000 | 115,000 | 4,177,000 | 196,000 | 167,143 | ||
net assets | 13,533,000 | 59,758,000 | 59,758,000 | 68,982,000 | 71,750,000 | 52,751,000 | 39,685,000 | 30,028,000 | 25,963,000 | -43,000 | -21,488 | ||
total shareholders funds | 13,533,000 | 59,758,000 | 59,758,000 | 68,982,000 | 71,750,000 | 52,751,000 | 39,685,000 | 30,028,000 | 25,963,000 | -43,000 | -21,488 |
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 | 5,625,000 | 7,382,000 | 2,549,000 | 5,516,000 | 9,300,000 | 427,000 | -721,000 | -22,000 | 255,000 | -244,000 | -22,000 | -21,489 | |
Depreciation | |||||||||||||
Amortisation | |||||||||||||
Tax | -17,000 | -27,000 | 27,000 | ||||||||||
Stock | -11,473,000 | -19,518,000 | 3,907,000 | -1,615,000 | -30,166,000 | 20,431,000 | 13,607,000 | -5,306,000 | -7,000 | 30,140,000 | |||
Debtors | -832,000 | -185,000 | -5,797,000 | -13,201,000 | 5,626,000 | -745,000 | 2,089,000 | 13,045,000 | -1 | 1 | |||
Creditors | -12,000 | -1,000 | 13,000 | -3,000 | -6,000 | 8,000 | -20,000 | 21,000 | |||||
Accruals and Deferred Income | -4,093,000 | 1,349,000 | -5,401,000 | 7,511,000 | -401,000 | -319,000 | 572,000 | 779,000 | -139,000 | 141,000 | -79,143 | 80,143 | |
Deferred Taxes & Provisions | |||||||||||||
Cash flow from operations | 13,825,000 | 28,433,000 | -949,000 | 27,840,000 | 33,416,000 | -15,838,000 | -6,961,000 | 123,000 | -30,243,000 | -101,142 | 58,653 | ||
Investing Activities | |||||||||||||
capital expenditure | |||||||||||||
Change in Investments | -153,000 | 7,346 | 145,654 | ||||||||||
cash flow from investments | |||||||||||||
Financing Activities | |||||||||||||
Bank loans | |||||||||||||
Group/Directors Accounts | -2,442,000 | 2,371,000 | 71,000 | -1,849,000 | 1,777,000 | -44,000 | 4,000 | -3,923,000 | 3,840,000 | 108,000 | 87,000 | ||
Other Short Term Loans | |||||||||||||
Long term loans | |||||||||||||
Hire Purchase and Lease Commitments | |||||||||||||
other long term liabilities | -790,000 | 790,000 | |||||||||||
share issue | |||||||||||||
interest | 150,000 | 284,000 | 738,000 | 1,506,000 | 16,000 | 3,000 | |||||||
cash flow from financing | -19,158,000 | -56,839,000 | 612,000 | -14,669,000 | 22,153,000 | 13,116,000 | 9,683,000 | -113,000 | 30,090,000 | 108,488 | 87,001 | ||
cash and cash equivalents | |||||||||||||
cash | -5,333,000 | -28,406,000 | -964,000 | 13,381,000 | 19,933,000 | 777,000 | 608,000 | -6,000 | 10,000 | ||||
overdraft | -627,000 | 210,000 | 417,000 | -29,000 | 29,000 | ||||||||
change in cash | -5,333,000 | -28,406,000 | -337,000 | 13,171,000 | 19,516,000 | 806,000 | 579,000 | -6,000 | 10,000 |
Perform a competitor analysis for hanover housing developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in WC1E area or any other competitors across 12 key performance metrics.
HANOVER HOUSING DEVELOPMENTS LIMITED group structure
Hanover Housing Developments Limited has no subsidiary companies.
Ultimate parent company
1 parent
HANOVER HOUSING DEVELOPMENTS LIMITED
06856299
Hanover Housing Developments Limited currently has 3 directors. The longest serving directors include Ms Sarah Jones (Nov 2018) and Ms Kathryn Smith (Jan 2019).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Ms Sarah Jones | England | 56 years | Nov 2018 | - | Director |
Ms Kathryn Smith | England | 54 years | Jan 2019 | - | Director |
Mr Robert Martin | England | 48 years | Mar 2021 | - | Director |
P&L
March 2022turnover
17.1m
-43%
operating profit
5.6m
-24%
gross margin
32.9%
-5.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
0
-1%
total assets
0
-1%
cash
0
-1%
net assets
Total assets minus all liabilities
company number
06856299
Type
Private limited with Share Capital
industry
41100 - Development of building projects
68100 - Buying and selling of own real estate
incorporation date
March 2009
age
16
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2022
previous names
N/A
accountant
-
auditor
BDO LLP
address
the heal's building, suites a & b, london, WC1E 7HJ
Bank
BARCLAYS BANK PLC
Legal Advisor
EVERSHEDS LLP
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 hanover housing developments limited.
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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