Hanstar Limited

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hanstar limited Company Information

Live

EstablishedMidRapid

Company Number

07078574

Website

https://www.hanstar.com

Registered Address

195a kenton road, harrow, middlesex, HA3 0HD

Industry

Sale of used cars and light motor vehicles

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Dhillan Chhipa14 Years

Sachin Chhipa14 Years

Shareholders

sachin anil chhipa 50%

dhillan aniket chhipa 50%

hanstar limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of HANSTAR LIMITED at £1.8m based on a Turnover of £7.2m and 0.25x industry multiple (adjusted for size and gross margin).

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Hanstar Limited is a live company located in middlesex, HA3 0HD with a Companies House number of 07078574. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in November 2009, it's largest shareholder is sachin anil chhipa with a 50% stake. Hanstar Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Hanstar Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £7.2m, make it larger than the average company (£3.1m)

Growth

3 year (CAGR) sales growth of 60%, show it is growing at a faster rate (7.9%)

EXPORT

Hanstar Limited's latest turnover from March 2023 is estimated at £7.2 million and the company has net assets of £318.8 thousand. According to their latest financial statements, Hanstar Limited has 2 employees and maintains cash reserves of £162.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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
Turnover	7,190,767	6,455,138	3,794,011	1,739,433	1,746,465	7,697,158	3,151,551	1,456,530	2,122,154	2,297,293	3,303,890	1,181,047	573,010
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,398,221	5,701,335	3,389,919	1,535,306	1,547,071	6,822,224	2,790,958	1,273,284	1,849,483	2,016,144	2,914,027	1,038,790	501,423
Gross Profit	792,546	753,803	404,092	204,126	199,394	874,934	360,593	183,246	272,671	281,149	389,863	142,257	71,587
Admin Expenses	673,387	701,186	256,105	168,642	176,977	886,962	335,430	177,775	276,427	280,481	382,597	134,530	59,582
Operating Profit	119,159	52,617	147,987	35,484	22,417	-12,028	25,163	5,471	-3,756	668	7,266	7,727	12,005
Interest Payable	7,091	7,075	6,083	3,344	498	0	0	0	0	0	0	0	0
Interest Receivable	3,456	0	0	0	0	3	7	13	85	122	83	114	70
Pre-Tax Profit	115,523	45,542	141,904	32,141	21,919	-12,025	25,170	5,484	-3,671	790	7,349	7,841	12,075
Tax	-21,949	-8,653	-26,962	-6,107	-4,165	0	-5,034	-1,097	0	-182	-1,764	-2,039	-3,381
Profit After Tax	93,574	36,889	114,942	26,034	17,754	-12,025	20,136	4,387	-3,671	608	5,585	5,802	8,694
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	93,574	36,889	114,942	26,034	17,754	-12,025	20,136	4,387	-3,671	608	5,585	5,802	8,694
Employee Costs	63,792	61,601	56,870	57,901	57,423	473,089	221,798	106,104	131,956	152,195	228,049	97,371	48,686
Number Of Employees	2	2	2	2	2	17	8	4	5	6	9	4	2
EBITDA*	119,159	52,688	148,082	35,610	22,417	-12,028	25,163	5,471	-3,756	668	7,266	7,727	12,005

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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
Tangible Assets	159	213	284	379	505	674	0	0	0	0	0	0	0
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	159	213	284	379	505	674	0	0	0	0	0	0	0
Stock & work in progress	245,857	457,996	258,454	162,675	118,647	0	4,600	97,987	109,245	38,047	69,169	119,193	47,264
Trade Debtors	601,839	434,649	415,479	166,150	170,471	242,237	181,799	42,771	77,648	98,859	137,540	10,340	3,733
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	50	69,413	36,924	2,290	7,771	0	0	0	0	0	0	0	0
Cash	162,627	0	0	0	0	0	1,123	4,513	591	33,348	15,300	17,706	27,821
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,010,373	962,058	710,857	331,115	296,889	242,237	187,522	145,271	187,484	170,254	222,009	147,239	78,818
total assets	1,010,532	962,271	711,141	331,494	297,394	242,911	187,522	145,271	187,484	170,254	222,009	147,239	78,818
Bank overdraft	10,747	72,685	59,589	94,866	14,757	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	317,607	361,072	140,899	2,041	1,583	213,267	138,558	123,766	164,149	149,465	196,474	132,643	61,691
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	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	340,753	270,890	277,253	161,111	233,588	0	0	0	0	0	0	0	0
total current liabilities	669,107	704,647	477,741	258,018	249,928	213,267	138,558	123,766	164,149	149,465	196,474	132,643	61,691
loans	22,586	32,349	45,000	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	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	7,323	0	6,217	0	5,354	0	8,333
provisions	30	40	54	72	96	128	0	0	0	0	0	0	0
total long term liabilities	22,616	32,389	45,054	72	96	128	7,323	0	6,217	0	5,354	0	8,333
total liabilities	691,723	737,036	522,795	258,090	250,024	213,395	145,881	123,766	170,366	149,465	201,828	132,643	70,024
net assets	318,809	225,235	188,346	73,404	47,370	29,516	41,641	21,505	17,118	20,789	20,181	14,596	8,794
total shareholders funds	318,809	225,235	188,346	73,404	47,370	29,516	41,641	21,505	17,118	20,789	20,181	14,596	8,794

	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
Operating Activities
Operating Profit	119,159	52,617	147,987	35,484	22,417	-12,028	25,163	5,471	-3,756	668	7,266	7,727	12,005
Depreciation	0	71	95	126	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-21,949	-8,653	-26,962	-6,107	-4,165	0	-5,034	-1,097	0	-182	-1,764	-2,039	-3,381
Stock	-212,139	199,542	95,779	44,028	118,647	-4,600	-93,387	-11,258	71,198	-31,122	-50,024	71,929	47,264
Debtors	97,827	51,659	283,963	-9,802	-63,995	60,438	139,028	-34,877	-21,211	-38,681	127,200	6,607	3,733
Creditors	-43,465	220,173	138,858	458	-211,684	74,709	14,792	-40,383	14,684	-47,009	63,831	70,952	61,691
Accruals and Deferred Income	69,863	-6,363	116,142	-72,477	233,588	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-10	-14	-18	-24	-32	128	0	0	0	0	0	0	0
Cash flow from operations	237,910	6,630	-3,640	-76,766	-14,528	6,971	-10,720	10,126	-39,059	23,280	-7,843	-1,896	19,318
Investing Activities
capital expenditure	54	0	0	0	169	-674	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	54	0	0	0	169	-674	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	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	-9,763	-12,651	45,000	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-7,323	7,323	-6,217	6,217	-5,354	5,354	-8,333	8,333
share issue	0	0	0	0	100	-100	0	0	0	0	0	0	100
interest	-3,635	-7,075	-6,083	-3,344	-498	3	7	13	85	122	83	114	70
cash flow from financing	-13,398	-19,726	38,917	-3,344	-398	-7,420	7,330	-6,204	6,302	-5,232	5,437	-8,219	8,503
cash and cash equivalents
cash	162,627	0	0	0	0	-1,123	-3,390	3,922	-32,757	18,048	-2,406	-10,115	27,821
overdraft	-61,938	13,096	-35,277	80,109	14,757	0	0	0	0	0	0	0	0
change in cash	224,565	-13,096	35,277	-80,109	-14,757	-1,123	-3,390	3,922	-32,757	18,048	-2,406	-10,115	27,821

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HANSTAR LIMITED group structure

Hanstar Limited has no subsidiary companies.

Ultimate parent company

HANSTAR LIMITED

07078574

HANSTAR LIMITED Shareholders

sachin anil chhipa	50%
dhillan aniket chhipa	50%

Hanstar Limited currently has 2 directors. The longest serving directors include Mr Dhillan Chhipa (Nov 2009) and Mr Sachin Chhipa (Nov 2009).

officer	country	age	start	end	role
Mr Dhillan Chhipa	England	38 years	Nov 2009	-	Director
Mr Sachin Chhipa	England	36 years	Nov 2009	-	Director

P&L

March 2023

turnover

7.2m

+11%

operating profit

119.2k

gross margin

11.1%

-5.62%

turnover

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

Balance Sheet

March 2023

net assets

318.8k

+0.42%

total assets

+0.05%

cash

162.6k

net assets

Total assets minus all liabilities

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company number

07078574

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

November 2009

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

d s car sales limited (June 2010)

incorporated

address

195a kenton road, harrow, middlesex, HA3 0HD

last accounts submitted

March 2023

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 hanstar limited.

hanstar limited Company Information

hanstar limited Estimated Valuation

hanstar limited Estimated Valuation

hanstar limited Estimated Valuation

Hanstar Limited Overview

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HANSTAR LIMITED financials

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hanstar limited Ownership

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