hartle limited
hartle limited Company Information
Company Number
07029234
Website
www.hartle-ltd.co.ukRegistered Address
unit 18 chestnut court, jill lane sambourne, redditch, worcestershire, B96 6EW
Industry
Plumbing, heat and air-conditioning installation
Telephone
01527895970
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
lewis hartle 17%
tracey hartle 17%
View Allhartle limited Estimated Valuation
Pomanda estimates the enterprise value of HARTLE LIMITED at £4.9m based on a Turnover of £10.2m and 0.48x industry multiple (adjusted for size and gross margin).
hartle limited Estimated Valuation
Pomanda estimates the enterprise value of HARTLE LIMITED at £0 based on an EBITDA of £-6k and a 5.49x industry multiple (adjusted for size and gross margin).
hartle limited Estimated Valuation
Pomanda estimates the enterprise value of HARTLE LIMITED at £1.5m based on Net Assets of £450.2k and 3.25x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Hartle Limited Overview
Hartle Limited is a live company located in redditch, B96 6EW with a Companies House number of 07029234. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in September 2009, it's largest shareholder is lewis hartle with a 17% stake. Hartle Limited is a established, mid sized company, Pomanda has estimated its turnover at £10.2m with healthy growth in recent years.
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Hartle Limited Health Check
Pomanda's financial health check has awarded Hartle Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £10.2m, make it larger than the average company (£381.4k)
- Hartle Limited
£381.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (2%)
- Hartle Limited
2% - Industry AVG
Production
with a gross margin of 28.4%, this company has a comparable cost of product (28.4%)
- Hartle Limited
28.4% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (6.7%)
- Hartle Limited
6.7% - Industry AVG
Employees
with 16 employees, this is above the industry average (5)
16 - Hartle Limited
5 - Industry AVG
Pay Structure
on an average salary of £33.8k, the company has an equivalent pay structure (£33.8k)
- Hartle Limited
£33.8k - Industry AVG
Efficiency
resulting in sales per employee of £637.5k, this is more efficient (£117k)
- Hartle Limited
£117k - Industry AVG
Debtor Days
it gets paid by customers after 97 days, this is later than average (60 days)
- Hartle Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 99 days, this is slower than average (45 days)
- Hartle Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (10 days)
- Hartle Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (19 weeks)
2 weeks - Hartle Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86%, this is a higher level of debt than the average (66.1%)
86% - Hartle Limited
66.1% - Industry AVG
HARTLE LIMITED financials
Hartle Limited's latest turnover from December 2022 is estimated at £10.2 million and the company has net assets of £450.2 thousand. According to their latest financial statements, Hartle Limited has 16 employees and maintains cash reserves of £125.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 8,612,928 | 9,237,501 | 9,634,816 | 9,296,727 | |||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 7,273,238 | 8,100,671 | 8,477,712 | 7,328,739 | |||||||||
| Gross Profit | 1,339,690 | 1,136,830 | 1,157,104 | 1,967,988 | |||||||||
| Admin Expenses | 552,184 | 358,440 | 454,710 | 289,798 | |||||||||
| Operating Profit | 787,506 | 778,390 | 702,394 | 1,678,190 | |||||||||
| Interest Payable | 511 | 6,734 | 0 | 0 | |||||||||
| Interest Receivable | 0 | 0 | 38 | 7 | |||||||||
| Pre-Tax Profit | 788,017 | 778,365 | 702,432 | 1,678,197 | |||||||||
| Tax | -170,837 | -166,840 | -153,378 | -397,197 | |||||||||
| Profit After Tax | 617,180 | 611,525 | 549,054 | 1,281,000 | |||||||||
| Dividends Paid | 630,000 | 775,000 | 650,000 | 950,000 | |||||||||
| Retained Profit | -12,820 | -163,475 | -100,946 | 331,000 | |||||||||
| Employee Costs | 501,468 | 419,052 | |||||||||||
| Number Of Employees | 16 | 17 | 20 | 18 | 19 | 20 | 21 | 14 | |||||
| EBITDA* | 819,663 | 813,978 | 743,210 | 1,707,472 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 267,750 | 282,782 | 338,505 | 297,419 | 52,498 | 71,174 | 44,829 | 75,435 | 86,068 | 64,564 | 48,416 | 39,203 | 10,768 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 267,750 | 282,782 | 338,505 | 297,419 | 52,498 | 71,174 | 44,829 | 75,435 | 86,068 | 64,564 | 48,416 | 39,203 | 10,768 |
| Stock & work in progress | 16,317 | 61,481 | 0 | 52,786 | 126,359 | 105,174 | 52,717 | 357,007 | 73,241 | 9,750 | 261,259 | 0 | 2,000 |
| Trade Debtors | 2,721,597 | 2,678,006 | 810,847 | 1,158,757 | 1,666,380 | 1,485,965 | 2,066,716 | 1,260,135 | 2,892,371 | 2,536,134 | 1,064,774 | 148,546 | 121,380 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 87,105 | 162,549 | 66,082 | 174,704 | 22,236 | 43,802 | 31,383 | 196,257 | 19,434 | 18,427 | 0 | 0 | 0 |
| Cash | 125,607 | 553,546 | 516,186 | 922,206 | 681,816 | 1,858,556 | 857,797 | 974,452 | 1,642,472 | 2,132,897 | 603,490 | 623,560 | 109,344 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,950,626 | 3,455,582 | 1,393,115 | 2,308,453 | 2,496,791 | 3,493,497 | 3,008,613 | 2,787,851 | 4,627,518 | 4,697,208 | 1,929,523 | 772,106 | 232,724 |
| total assets | 3,218,376 | 3,738,364 | 1,731,620 | 2,605,872 | 2,549,289 | 3,564,671 | 3,053,442 | 2,863,286 | 4,713,586 | 4,761,772 | 1,977,939 | 811,309 | 243,492 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 75,000 | 75,480 | 17,140 | 36,939 | 0 | 0 | 0 | 4,738 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,999,725 | 2,097,509 | 545,840 | 1,323,979 | 1,437,040 | 1,388,414 | 1,542,685 | 1,784,574 | 2,867,167 | 2,030,305 | 1,243,941 | 418,338 | 186,085 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 47,994 | 20,862 | 10,405 | 9,353 | 3,159 | 0 | 6,527 | 2,513 | 0 | 0 | 0 |
| other current liabilities | 435,506 | 755,451 | 206,318 | 151,108 | 322,227 | 1,322,952 | 726,773 | 276,598 | 874,695 | 1,667,894 | 0 | 0 | 0 |
| total current liabilities | 2,510,231 | 2,928,440 | 817,292 | 1,532,888 | 1,769,672 | 2,720,719 | 2,272,617 | 2,065,910 | 3,748,389 | 3,700,712 | 1,243,941 | 418,338 | 186,085 |
| loans | 257,896 | 316,136 | 311,543 | 272,630 | 0 | 45,455 | 565 | 1,137 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 27,802 | 38,207 | 0 | 3,159 | 8,642 | 3,559 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7,497 | 11,815 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 257,896 | 316,136 | 311,543 | 272,630 | 27,802 | 83,662 | 565 | 4,296 | 8,642 | 3,559 | 7,497 | 11,815 | 0 |
| total liabilities | 2,768,127 | 3,244,576 | 1,128,835 | 1,805,518 | 1,797,474 | 2,804,381 | 2,273,182 | 2,070,206 | 3,757,031 | 3,704,271 | 1,251,438 | 430,153 | 186,085 |
| net assets | 450,249 | 493,788 | 602,785 | 800,354 | 751,815 | 760,290 | 780,260 | 793,080 | 956,555 | 1,057,501 | 726,501 | 381,156 | 57,407 |
| total shareholders funds | 450,249 | 493,788 | 602,785 | 800,354 | 751,815 | 760,290 | 780,260 | 793,080 | 956,555 | 1,057,501 | 726,501 | 381,156 | 57,407 |
| Dec 2022 | Dec 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 787,506 | 778,390 | 702,394 | 1,678,190 | |||||||||
| Depreciation | 15,032 | 22,770 | 42,106 | 23,331 | 31,834 | 40,552 | 32,157 | 35,588 | 40,816 | 29,282 | 19,971 | 12,921 | 3,517 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -170,837 | -166,840 | -153,378 | -397,197 | |||||||||
| Stock | -45,164 | 61,481 | -52,786 | -73,573 | 21,185 | 52,457 | -304,290 | 283,766 | 63,491 | -251,509 | 261,259 | -2,000 | 2,000 |
| Debtors | -31,853 | 1,963,626 | -456,532 | -355,155 | 158,849 | -568,332 | 641,707 | -1,455,413 | 357,244 | 1,489,787 | 916,228 | 27,166 | 121,380 |
| Creditors | -97,784 | 1,551,669 | -778,139 | -113,061 | 48,626 | -154,271 | -241,889 | -1,082,593 | 836,862 | 786,364 | 825,603 | 232,253 | 186,085 |
| Accruals and Deferred Income | -319,945 | 549,133 | 55,210 | -171,119 | -1,000,725 | 596,179 | 450,175 | -598,097 | -793,199 | 1,667,894 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 519,695 | 138,095 | 212,760 | 2,526,255 | |||||||||
| Investing Activities | |||||||||||||
| capital expenditure | 0 | -16,152 | -45,207 | -42,030 | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | -16,152 | -45,207 | -42,030 | |||||||||
| Financing Activities | |||||||||||||
| Bank loans | -480 | 58,340 | -19,799 | 36,939 | 0 | 0 | -4,738 | 4,738 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -58,240 | 4,593 | 38,913 | 272,630 | -45,455 | 44,890 | -572 | 1,137 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -47,994 | 27,132 | -17,345 | -9,353 | 44,401 | 0 | -12,010 | 9,097 | 6,072 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,497 | -4,318 | 11,815 | 0 |
| share issue | |||||||||||||
| interest | -511 | -6,734 | 38 | 7 | |||||||||
| cash flow from financing | -5,821 | -12,869 | 9,135 | -1,418 | |||||||||
| cash and cash equivalents | |||||||||||||
| cash | -427,939 | 37,360 | -406,020 | 240,390 | -1,176,740 | 1,000,759 | -116,655 | -668,020 | -490,425 | 1,529,407 | -20,070 | 514,216 | 109,344 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -427,939 | 37,360 | -406,020 | 240,390 | -1,176,740 | 1,000,759 | -116,655 | -668,020 | -490,425 | 1,529,407 | -20,070 | 514,216 | 109,344 |
hartle limited Credit Report and Business Information
Hartle Limited Competitor Analysis
Perform a competitor analysis for hartle limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
hartle limited Ownership
HARTLE LIMITED group structure
Hartle Limited has no subsidiary companies.
Ultimate parent company
HARTLE LIMITED
07029234
hartle limited directors
Hartle Limited currently has 7 directors. The longest serving directors include Mrs Tracey Hartle (Sep 2009) and Mr David Hartle (Sep 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Tracey Hartle | United Kingdom | 58 years | Sep 2009 | - | Director |
| Mr David Hartle | United Kingdom | 58 years | Sep 2009 | - | Director |
| Mr Lewis Hartle | 29 years | Jun 2016 | - | Director | |
| Mr James Hartle | 40 years | Jun 2016 | - | Director | |
| Mr Michael Hartle | 64 years | Mar 2017 | - | Director | |
| Mrs Emily Hartle | 30 years | Jan 2024 | - | Director | |
| Mr Harry Hartle | 18 years | Jan 2024 | - | Director |
P&L
December 2022turnover
10.2m
+1%
operating profit
-21k
0%
gross margin
28.4%
-2.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
450.2k
-0.09%
total assets
3.2m
-0.14%
cash
125.6k
-0.77%
net assets
Total assets minus all liabilities
Similar Companies
hartle limited company details
company number
07029234
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
September 2009
age
15
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 18 chestnut court, jill lane sambourne, redditch, worcestershire, B96 6EW
last accounts submitted
December 2022
hartle 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 did not find charges/mortgages relating to hartle limited.
hartle limited Companies House Filings - See Documents
| date | description | view/download |
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