harmor limited
harmor limited Company Information
Company Number
07220280
Website
http://autocraftds.comRegistered Address
main road, belton, grantham, NG32 2LY
Industry
Manufacture of other parts and accessories for motor vehicles
Telephone
01476581300
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
michael james idwal hague-morgan 70.8%
brian barr 15.7%
View Allharmor limited Estimated Valuation
Pomanda estimates the enterprise value of HARMOR LIMITED at £41.4m based on a Turnover of £76.7m and 0.54x industry multiple (adjusted for size and gross margin).
harmor limited Estimated Valuation
Pomanda estimates the enterprise value of HARMOR LIMITED at £33.3m based on an EBITDA of £6.4m and a 5.18x industry multiple (adjusted for size and gross margin).
harmor limited Estimated Valuation
Pomanda estimates the enterprise value of HARMOR LIMITED at £26.8m based on Net Assets of £14.6m and 1.83x industry multiple (adjusted for liquidity).
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Harmor Limited Overview
Harmor Limited is a live company located in grantham, NG32 2LY with a Companies House number of 07220280. It operates in the manufacture of other parts and accessories for motor vehicles sector, SIC Code 29320. Founded in April 2010, it's largest shareholder is michael james idwal hague-morgan with a 70.8% stake. Harmor Limited is a established, large sized company, Pomanda has estimated its turnover at £76.7m with rapid growth in recent years.
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Harmor Limited Health Check
Pomanda's financial health check has awarded Harmor Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 0 areas for improvement. Company Health Check FAQs
5 Strong
7 Regular
0 Weak
Size
annual sales of £76.7m, make it larger than the average company (£26.6m)
£76.7m - Harmor Limited
£26.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (3.9%)
36% - Harmor Limited
3.9% - Industry AVG
Production
with a gross margin of 17.7%, this company has a comparable cost of product (21.3%)
17.7% - Harmor Limited
21.3% - Industry AVG
Profitability
an operating margin of 5% make it more profitable than the average company (3.3%)
5% - Harmor Limited
3.3% - Industry AVG
Employees
with 421 employees, this is above the industry average (121)
421 - Harmor Limited
121 - Industry AVG
Pay Structure
on an average salary of £39.2k, the company has an equivalent pay structure (£40.9k)
£39.2k - Harmor Limited
£40.9k - Industry AVG
Efficiency
resulting in sales per employee of £182.1k, this is equally as efficient (£185.9k)
£182.1k - Harmor Limited
£185.9k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (49 days)
25 days - Harmor Limited
49 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is close to average (39 days)
41 days - Harmor Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 52 days, this is in line with average (61 days)
52 days - Harmor Limited
61 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is average cash available to meet short term requirements (7 weeks)
7 weeks - Harmor Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.6%, this is a similar level of debt than the average (58.2%)
62.6% - Harmor Limited
58.2% - Industry AVG
HARMOR LIMITED financials
Harmor Limited's latest turnover from December 2023 is £76.7 million and the company has net assets of £14.6 million. According to their latest financial statements, Harmor Limited has 421 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 76,678,000 | 77,981,000 | 61,821,000 | 30,687,000 | 23,848,000 | 25,033,000 | 21,859,000 | 21,206,000 | 15,968,000 | 13,330,000 | 13,145,000 | 12,388,000 | 11,568,000 | 6,036,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 63,136,000 | 65,516,000 | 52,699,000 | 27,113,000 | 20,321,000 | 21,330,000 | 18,218,000 | 17,142,000 | 12,226,000 | 10,764,000 | 9,874,000 | 9,598,000 | 9,003,000 | 4,516,000 |
| Gross Profit | 13,542,000 | 12,465,000 | 9,122,000 | 3,574,000 | 3,527,000 | 3,703,000 | 3,641,000 | 4,064,000 | 3,742,000 | 2,566,000 | 3,271,000 | 2,790,000 | 2,565,000 | 1,520,000 |
| Admin Expenses | 9,721,000 | 6,721,000 | 5,242,000 | 3,327,000 | 3,433,000 | 2,846,000 | 2,523,000 | 2,520,000 | 2,209,000 | 1,101,000 | 2,027,000 | 1,620,000 | 1,632,000 | 861,000 |
| Operating Profit | 3,821,000 | 5,744,000 | 3,880,000 | 247,000 | 94,000 | 857,000 | 1,118,000 | 1,544,000 | 1,533,000 | 1,465,000 | 1,244,000 | 1,170,000 | 933,000 | 659,000 |
| Interest Payable | 701,000 | 241,000 | 210,000 | 157,000 | 175,000 | 126,000 | 96,000 | 86,000 | 68,000 | 77,000 | 37,000 | 30,000 | 25,000 | 14,000 |
| Interest Receivable | 24,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 3,144,000 | 5,503,000 | 3,670,000 | 12,000 | -221,000 | 731,000 | 1,022,000 | 1,458,000 | 1,465,000 | 1,388,000 | 1,207,000 | 1,140,000 | 908,000 | 645,000 |
| Tax | -943,000 | -913,000 | -502,000 | -82,000 | -16,000 | -105,000 | -132,000 | -281,000 | -270,000 | 0 | -95,000 | 0 | 0 | 0 |
| Profit After Tax | 2,201,000 | 4,590,000 | 3,168,000 | -70,000 | -237,000 | 626,000 | 890,000 | 1,177,000 | 1,195,000 | 1,388,000 | 1,112,000 | 1,140,000 | 908,000 | 645,000 |
| Dividends Paid | 229,000 | 219,000 | 259,000 | 227,000 | 201,000 | 187,000 | 189,000 | 723,000 | 153,000 | 250,000 | 379,000 | 311,000 | 219,000 | 0 |
| Retained Profit | 1,972,000 | 4,371,000 | 2,909,000 | -297,000 | -438,000 | 439,000 | 701,000 | 454,000 | 1,042,000 | 1,138,000 | 733,000 | 829,000 | 689,000 | 645,000 |
| Employee Costs | 16,513,000 | 15,087,000 | 11,948,000 | 7,911,000 | 6,102,000 | 5,588,000 | 5,442,000 | 4,627,000 | 3,922,000 | 3,874,000 | 3,215,000 | 3,132,000 | 1,740,000 | |
| Number Of Employees | 421 | 417 | 374 | 297 | 217 | 197 | 214 | 184 | 159 | 158 | 139 | 135 | 103 | |
| EBITDA* | 6,420,000 | 7,820,000 | 5,845,000 | 2,019,000 | 1,796,000 | 2,252,000 | 2,233,000 | 2,472,000 | 2,186,000 | 1,670,000 | 1,162,000 | 999,000 | 697,000 | 397,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 16,051,000 | 13,552,000 | 11,289,000 | 10,316,000 | 8,961,000 | 9,792,000 | 5,613,000 | 5,245,000 | 5,210,000 | 4,007,000 | 4,125,000 | 2,239,000 | 2,152,000 | 1,745,000 |
| Intangible Assets | 67,000 | 23,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,410,000 | -2,812,000 | -3,214,000 | -3,616,000 |
| Investments & Other | 0 | 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 | 0 |
| Total Fixed Assets | 16,118,000 | 13,575,000 | 11,289,000 | 10,316,000 | 8,961,000 | 9,792,000 | 5,613,000 | 5,245,000 | 5,210,000 | 4,007,000 | 1,715,000 | -573,000 | -1,062,000 | -1,871,000 |
| Stock & work in progress | 9,134,000 | 10,232,000 | 8,998,000 | 4,877,000 | 4,020,000 | 4,012,000 | 4,025,000 | 3,784,000 | 3,276,000 | 2,389,000 | 2,390,000 | 3,056,000 | 3,036,000 | 2,678,000 |
| Trade Debtors | 5,272,000 | 4,730,000 | 10,556,000 | 7,964,000 | 4,114,000 | 3,540,000 | 3,598,000 | 3,513,000 | 4,488,000 | 3,210,000 | 2,141,000 | 1,489,000 | 1,593,000 | 1,499,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,026,000 | 3,370,000 | 4,173,000 | 4,328,000 | 1,805,000 | 1,243,000 | 345,000 | 750,000 | 249,000 | 605,000 | 475,000 | 543,000 | 591,000 | 369,000 |
| Cash | 2,621,000 | 2,290,000 | 703,000 | 172,000 | 596,000 | 183,000 | 373,000 | 66,000 | 218,000 | 272,000 | 410,000 | 701,000 | 348,000 | 675,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 23,053,000 | 20,622,000 | 24,430,000 | 17,341,000 | 10,535,000 | 8,978,000 | 8,341,000 | 8,113,000 | 8,231,000 | 6,476,000 | 5,416,000 | 5,789,000 | 5,568,000 | 5,221,000 |
| total assets | 39,171,000 | 34,197,000 | 35,719,000 | 27,657,000 | 19,496,000 | 18,770,000 | 13,954,000 | 13,358,000 | 13,441,000 | 10,483,000 | 7,131,000 | 5,216,000 | 4,506,000 | 3,350,000 |
| Bank overdraft | 0 | 0 | 0 | 3,516,000 | 1,375,000 | 1,456,000 | 575,000 | 1,040,000 | 345,000 | 85,000 | 0 | 0 | 0 | 0 |
| Bank loan | 3,201,000 | 1,116,000 | 5,426,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 7,206,000 | 6,995,000 | 6,254,000 | 5,110,000 | 2,502,000 | 2,034,000 | 2,340,000 | 2,002,000 | 2,190,000 | 1,385,000 | 1,757,000 | 1,312,000 | 1,841,000 | 1,114,000 |
| Group/Directors Accounts | 0 | 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 | 7,000 | 9,000 | 174,000 | 113,000 | 113,000 |
| hp & lease commitments | 1,028,000 | 649,000 | 446,000 | 503,000 | 203,000 | 226,000 | 331,000 | 323,000 | 323,000 | 323,000 | 216,000 | 0 | 0 | 0 |
| other current liabilities | 5,996,000 | 7,290,000 | 8,529,000 | 4,244,000 | 3,473,000 | 2,266,000 | 2,294,000 | 2,162,000 | 2,881,000 | 1,850,000 | 1,161,000 | 1,400,000 | 1,021,000 | 1,177,000 |
| total current liabilities | 17,431,000 | 16,050,000 | 20,655,000 | 13,373,000 | 7,553,000 | 5,982,000 | 5,540,000 | 5,527,000 | 5,739,000 | 3,650,000 | 3,143,000 | 2,886,000 | 2,975,000 | 2,404,000 |
| loans | 2,715,000 | 2,690,000 | 3,568,000 | 5,324,000 | 3,414,000 | 3,637,000 | 0 | 0 | 0 | 0 | 7,000 | 17,000 | 47,000 | 151,000 |
| hp & lease commitments | 2,629,000 | 1,342,000 | 584,000 | 1,035,000 | 411,000 | 592,000 | 238,000 | 302,000 | 625,000 | 948,000 | 840,000 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 | 0 | 0 | 0 |
| provisions | 1,752,000 | 710,000 | 312,000 | 234,000 | 130,000 | 133,000 | 189,000 | 243,000 | 245,000 | 95,000 | 95,000 | 0 | 0 | 0 |
| total long term liabilities | 7,096,000 | 4,742,000 | 4,464,000 | 6,593,000 | 3,955,000 | 4,362,000 | 427,000 | 545,000 | 870,000 | 1,043,000 | 942,000 | 17,000 | 47,000 | 151,000 |
| total liabilities | 24,527,000 | 20,792,000 | 25,119,000 | 19,966,000 | 11,508,000 | 10,344,000 | 5,967,000 | 6,072,000 | 6,609,000 | 4,693,000 | 4,085,000 | 2,903,000 | 3,022,000 | 2,555,000 |
| net assets | 14,644,000 | 13,405,000 | 10,600,000 | 7,691,000 | 7,988,000 | 8,426,000 | 7,987,000 | 7,286,000 | 6,832,000 | 5,790,000 | 3,046,000 | 2,313,000 | 1,484,000 | 795,000 |
| total shareholders funds | 14,644,000 | 13,405,000 | 10,600,000 | 7,691,000 | 7,988,000 | 8,426,000 | 7,987,000 | 7,286,000 | 6,832,000 | 5,790,000 | 3,046,000 | 2,313,000 | 1,484,000 | 795,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,821,000 | 5,744,000 | 3,880,000 | 247,000 | 94,000 | 857,000 | 1,118,000 | 1,544,000 | 1,533,000 | 1,465,000 | 1,244,000 | 1,170,000 | 933,000 | 659,000 |
| Depreciation | 2,599,000 | 2,076,000 | 1,965,000 | 1,772,000 | 1,702,000 | 1,395,000 | 1,115,000 | 928,000 | 653,000 | 607,000 | 320,000 | 231,000 | 166,000 | 140,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -402,000 | -402,000 | -402,000 | -402,000 | -402,000 |
| Tax | -943,000 | -913,000 | -502,000 | -82,000 | -16,000 | -105,000 | -132,000 | -281,000 | -270,000 | 0 | -95,000 | 0 | 0 | 0 |
| Stock | -1,098,000 | 1,234,000 | 4,121,000 | 857,000 | 8,000 | -13,000 | 241,000 | 508,000 | 887,000 | -1,000 | -666,000 | 20,000 | 358,000 | 2,678,000 |
| Debtors | 3,198,000 | -6,629,000 | 2,437,000 | 6,373,000 | 1,136,000 | 840,000 | -320,000 | -474,000 | 922,000 | 1,199,000 | 584,000 | -152,000 | 316,000 | 1,868,000 |
| Creditors | 211,000 | 741,000 | 1,144,000 | 2,608,000 | 468,000 | -306,000 | 338,000 | -188,000 | 805,000 | -372,000 | 445,000 | -529,000 | 727,000 | 1,114,000 |
| Accruals and Deferred Income | -1,294,000 | -1,239,000 | 4,285,000 | 771,000 | 1,207,000 | -28,000 | 132,000 | -719,000 | 1,031,000 | 689,000 | -239,000 | 379,000 | -156,000 | 1,177,000 |
| Deferred Taxes & Provisions | 1,042,000 | 398,000 | 78,000 | 104,000 | -3,000 | -56,000 | -54,000 | -2,000 | 150,000 | 0 | 95,000 | 0 | 0 | 0 |
| Cash flow from operations | 3,336,000 | 12,202,000 | 4,292,000 | -1,810,000 | 2,308,000 | 930,000 | 2,596,000 | 1,248,000 | 2,093,000 | 789,000 | 1,450,000 | 981,000 | 594,000 | -1,858,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -5,196,000 | -1,119,000 | -961,000 | -1,856,000 | -483,000 | -750,000 | -564,000 | -573,000 | -734,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -5,196,000 | -1,119,000 | -961,000 | -1,856,000 | -483,000 | -750,000 | -564,000 | -573,000 | -734,000 |
| Financing Activities | ||||||||||||||
| Bank loans | 2,085,000 | -4,310,000 | 5,426,000 | 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 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,000 | -2,000 | -165,000 | 61,000 | 0 | 113,000 |
| Long term loans | 25,000 | -878,000 | -1,756,000 | 1,910,000 | -223,000 | 3,637,000 | 0 | 0 | 0 | -7,000 | -10,000 | -30,000 | -104,000 | 151,000 |
| Hire Purchase and Lease Commitments | 1,666,000 | 961,000 | -508,000 | 924,000 | -204,000 | 249,000 | -56,000 | -323,000 | -323,000 | 215,000 | 1,056,000 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -677,000 | -241,000 | -210,000 | -157,000 | -175,000 | -126,000 | -96,000 | -86,000 | -68,000 | -77,000 | -37,000 | -30,000 | -25,000 | -14,000 |
| cash flow from financing | 2,366,000 | -6,034,000 | 2,952,000 | 2,677,000 | -602,000 | 3,760,000 | -152,000 | -409,000 | -398,000 | 1,735,000 | 844,000 | 1,000 | -129,000 | 400,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 331,000 | 1,587,000 | 531,000 | -424,000 | 413,000 | -190,000 | 307,000 | -152,000 | -54,000 | -138,000 | -291,000 | 353,000 | -327,000 | 675,000 |
| overdraft | 0 | 0 | -3,516,000 | 2,141,000 | -81,000 | 881,000 | -465,000 | 695,000 | 260,000 | 85,000 | 0 | 0 | 0 | 0 |
| change in cash | 331,000 | 1,587,000 | 4,047,000 | -2,565,000 | 494,000 | -1,071,000 | 772,000 | -847,000 | -314,000 | -223,000 | -291,000 | 353,000 | -327,000 | 675,000 |
harmor limited Credit Report and Business Information
Harmor Limited Competitor Analysis
Perform a competitor analysis for harmor limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in NG32 area or any other competitors across 12 key performance metrics.
harmor limited Ownership
HARMOR LIMITED group structure
Harmor Limited has 5 subsidiary companies.
Ultimate parent company
HARMOR LIMITED
07220280
5 subsidiaries
harmor limited directors
Harmor Limited currently has 2 directors. The longest serving directors include Mr Brian Barr (Apr 2010) and Mr Michael Hague-Morgan (Apr 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian Barr | 61 years | Apr 2010 | - | Director | |
| Mr Michael Hague-Morgan | England | 50 years | Apr 2010 | - | Director |
P&L
December 2023turnover
76.7m
-2%
operating profit
3.8m
-33%
gross margin
17.7%
+10.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
14.6m
+0.09%
total assets
39.2m
+0.15%
cash
2.6m
+0.14%
net assets
Total assets minus all liabilities
harmor limited company details
company number
07220280
Type
Private limited with Share Capital
industry
29320 - Manufacture of other parts and accessories for motor vehicles
incorporation date
April 2010
age
14
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
FORVIS MAZARS LLP
address
main road, belton, grantham, NG32 2LY
Bank
HSBC BANK PLC
Legal Advisor
HCR HEWITSONS
harmor 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 found 8 charges/mortgages relating to harmor limited. Currently there are 5 open charges and 3 have been satisfied in the past.
harmor limited Companies House Filings - See Documents
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