heartware (uk) limited

Dissolved 

heartware (uk) limited Company Information

Share HEARTWARE (UK) LIMITED

Company Number

07162873

Shareholders

heartware, inc

Group Structure

View All

Industry

Other human health activities

 

Registered Address

building 9 croxley park, hatters lane, watford, herts, WD18 8WW

Website

-

heartware (uk) limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of HEARTWARE (UK) LIMITED at £1.4m based on a Turnover of £4.3m and 0.31x industry multiple (adjusted for size and gross margin).

heartware (uk) limited Estimated Valuation

£230k

Pomanda estimates the enterprise value of HEARTWARE (UK) LIMITED at £230k based on an EBITDA of £95.5k and a 2.41x industry multiple (adjusted for size and gross margin).

heartware (uk) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of HEARTWARE (UK) LIMITED at £0 based on Net Assets of £-1.6m and 2.35x industry multiple (adjusted for liquidity).

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Heartware (uk) Limited Overview

Heartware (uk) Limited is a dissolved company that was located in watford, WD18 8WW with a Companies House number of 07162873. It operated in the other human health activities sector, SIC Code 86900. Founded in February 2010, it's largest shareholder was heartware, inc with a 100% stake. The last turnover for Heartware (uk) Limited was estimated at £4.3m.

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Heartware (uk) Limited Health Check

Pomanda's financial health check has awarded Heartware (Uk) Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

0 Regular

positive_score

9 Weak

size

Size

annual sales of £4.3m, make it larger than the average company (£659.6k)

£4.3m - Heartware (uk) Limited

£659.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.8%)

2% - Heartware (uk) Limited

4.8% - Industry AVG

production

Production

with a gross margin of 2.7%, this company has a higher cost of product (35.9%)

2.7% - Heartware (uk) Limited

35.9% - Industry AVG

profitability

Profitability

an operating margin of 2.2% make it less profitable than the average company (7.8%)

2.2% - Heartware (uk) Limited

7.8% - Industry AVG

employees

Employees

with 9 employees, this is below the industry average (25)

9 - Heartware (uk) Limited

25 - Industry AVG

paystructure

Pay Structure

on an average salary of £172.3k, the company has a higher pay structure (£21.2k)

£172.3k - Heartware (uk) Limited

£21.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £480.2k, this is more efficient (£40.6k)

£480.2k - Heartware (uk) Limited

£40.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 80 days, this is later than average (20 days)

80 days - Heartware (uk) Limited

20 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Heartware (uk) Limited

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 62 days, this is more than average (19 days)

62 days - Heartware (uk) Limited

19 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (81 weeks)

5 weeks - Heartware (uk) Limited

81 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 174.8%, this is a higher level of debt than the average (30.6%)

174.8% - Heartware (uk) Limited

30.6% - Industry AVG

HEARTWARE (UK) LIMITED financials

EXPORTms excel logo

Heartware (Uk) Limited's latest turnover from December 2016 is £4.3 million and the company has net assets of -£1.6 million. According to their latest financial statements, Heartware (Uk) Limited has 9 employees and maintains cash reserves of £434.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Feb 2011
Turnover4,321,7726,243,1635,559,9474,049,3133,734,850400,560
Other Income Or Grants
Cost Of Sales4,206,5915,676,4715,175,5193,734,8783,362,350337,739
Gross Profit115,181566,692384,428314,435372,50062,821
Admin Expenses19,638423,100186,830291,4332,311,4291,059,274
Operating Profit95,543143,592197,59823,002-1,938,929-996,453
Interest Payable
Interest Receivable
Pre-Tax Profit95,543143,592197,59823,415-1,932,437-996,267
Tax-129,232129,233
Profit After Tax-33,689272,825197,59823,415-1,932,437-996,267
Dividends Paid
Retained Profit-33,689272,825197,59823,415-1,932,437-996,267
Employee Costs1,550,308854,847877,990804,630805,473652,200
Number Of Employees9109565
EBITDA*95,543143,592197,59823,002-1,938,929-996,453

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Feb 2011
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress722,477816,294786,735502,905366,386
Trade Debtors959,033966,7581,144,075663,1421,271,023480,672
Group Debtors40,389
Misc Debtors735129,5973,3757,2374,91099
Cash434,686632,506310,220440,1852,522,51774,274
misc current assets
total current assets2,157,3202,545,1552,244,4051,613,4694,164,836555,045
total assets2,157,3202,545,1552,244,4051,613,4694,164,836555,045
Bank overdraft
Bank loan
Trade Creditors 2,2723,82224,0264,18115,935
Group/Directors Accounts3,253,1474,126,6854,234,1454,167,8676,802,5491,362,469
other short term finances
hp & lease commitments
other current liabilities517,808369,504424,507326,864286,809172,907
total current liabilities3,770,9554,498,4614,662,4744,518,7577,093,5391,551,311
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities3,770,9554,498,4614,662,4744,518,7577,093,5391,551,311
net assets-1,613,635-1,953,306-2,418,069-2,905,288-2,928,703-996,266
total shareholders funds-1,613,635-1,953,306-2,418,069-2,905,288-2,928,703-996,266
Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Feb 2011
Operating Activities
Operating Profit95,543143,592197,59823,002-1,938,929-996,453
Depreciation
Amortisation
Tax-129,232129,233
Stock-93,81729,559283,830136,519366,386
Debtors-96,198-51,095477,071-605,554795,162480,771
Creditors-2,272-1,550-20,20419,845-11,75415,935
Accruals and Deferred Income148,304-55,00397,64340,055113,902172,907
Deferred Taxes & Provisions
Cash flow from operations302,358237,808-485,864551,937-2,998,329-1,288,382
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts-873,538-107,46066,278-2,634,6825,440,0801,362,469
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue373,360191,938289,6211
interest
cash flow from financing-500,17884,478355,899-2,634,6825,440,0801,362,470
cash and cash equivalents
cash-197,820322,286-129,965-2,082,3322,448,24374,274
overdraft
change in cash-197,820322,286-129,965-2,082,3322,448,24374,274

heartware (uk) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Heartware (uk) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for heartware (uk) limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other undefined companies, companies in WD18 area or any other competitors across 12 key performance metrics.

heartware (uk) limited Ownership

HEARTWARE (UK) LIMITED group structure

Heartware (Uk) Limited has no subsidiary companies.

Ultimate parent company

HEARTWARE INTERNATIONAL INC

#0078540

HEARTWARE INC

#0078539

2 parents

HEARTWARE (UK) LIMITED

07162873

HEARTWARE (UK) LIMITED Shareholders

heartware, inc 100%

heartware (uk) limited directors

Heartware (Uk) Limited currently has 1 director, Mrs Jacqueline Fielding serving since Feb 2017.

officercountryagestartendrole
Mrs Jacqueline FieldingEngland61 years Feb 2017- Director

P&L

December 2016

turnover

4.3m

-31%

operating profit

95.5k

-33%

gross margin

2.7%

-70.64%

turnover

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

Balance Sheet

December 2016

net assets

-1.6m

-0.17%

total assets

2.2m

-0.15%

cash

434.7k

-0.31%

net assets

Total assets minus all liabilities

heartware (uk) limited company details

company number

07162873

Type

Private limited with Share Capital

industry

86900 - Other human health activities

incorporation date

February 2010

age

15

incorporated

UK

ultimate parent company

HEARTWARE INTERNATIONAL INC

accounts

Full Accounts

last accounts submitted

December 2016

previous names

heartware limited (June 2010)

accountant

-

auditor

-

address

building 9 croxley park, hatters lane, watford, herts, WD18 8WW

Bank

-

Legal Advisor

-

heartware (uk) 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 heartware (uk) limited.

heartware (uk) limited 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.

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heartware (uk) limited Companies House Filings - See Documents

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