harmony art limited
harmony art limited Company Information
Company Number
07246828
Next Accounts
31 days late
Directors
Shareholders
mark albert john antichi
Group Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
1st floor 34 ledbury road, london, W11 2AB
harmony art limited Estimated Valuation
Pomanda estimates the enterprise value of HARMONY ART LIMITED at £12.1m based on a Turnover of £15.9m and 0.76x industry multiple (adjusted for size and gross margin).
harmony art limited Estimated Valuation
Pomanda estimates the enterprise value of HARMONY ART LIMITED at £0 based on an EBITDA of £-61.8k and a 5.54x industry multiple (adjusted for size and gross margin).
harmony art limited Estimated Valuation
Pomanda estimates the enterprise value of HARMONY ART LIMITED at £532.5k based on Net Assets of £249.6k and 2.13x industry multiple (adjusted for liquidity).
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Harmony Art Limited Overview
Harmony Art Limited is a live company located in london, W11 2AB with a Companies House number of 07246828. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2010, it's largest shareholder is mark albert john antichi with a 100% stake. Harmony Art Limited is a established, mid sized company, Pomanda has estimated its turnover at £15.9m with declining growth in recent years.
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Harmony Art Limited Health Check
Pomanda's financial health check has awarded Harmony Art Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £15.9m, make it larger than the average company (£3.7m)
- Harmony Art Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (4.6%)
- Harmony Art Limited
4.6% - Industry AVG
Production
with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)
- Harmony Art Limited
38.1% - Industry AVG
Profitability
an operating margin of -0.4% make it less profitable than the average company (6.3%)
- Harmony Art Limited
6.3% - Industry AVG
Employees
with 4 employees, this is below the industry average (23)
4 - Harmony Art Limited
23 - Industry AVG
Pay Structure
on an average salary of £48.1k, the company has an equivalent pay structure (£48.1k)
- Harmony Art Limited
£48.1k - Industry AVG
Efficiency
resulting in sales per employee of £4m, this is more efficient (£152.9k)
- Harmony Art Limited
£152.9k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is earlier than average (41 days)
- Harmony Art Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 200 days, this is slower than average (33 days)
- Harmony Art Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 146 days, this is more than average (33 days)
- Harmony Art Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (24 weeks)
4 weeks - Harmony Art Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.8%, this is a higher level of debt than the average (62.3%)
95.8% - Harmony Art Limited
62.3% - Industry AVG
HARMONY ART LIMITED financials
Harmony Art Limited's latest turnover from May 2023 is estimated at £15.9 million and the company has net assets of £249.6 thousand. According to their latest financial statements, Harmony Art Limited has 4 employees and maintains cash reserves of £518.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 4 | 3 | 3 | 2 | 2 | 1 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,333 | 1,763 | 376 | 3,255 | 9,923 | 14,192 | 9,719 | 3,184 | 18,985 | 13,173 | 12,554 | |
| Intangible Assets | ||||||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 1,333 | 1,763 | 376 | 3,255 | 9,923 | 14,192 | 9,719 | 3,184 | 18,985 | 13,173 | 12,554 | |
| Stock & work in progress | 3,950,587 | 3,424,269 | 4,273,084 | 2,224,260 | 7,318,978 | 6,499,812 | 4,206,460 | 3,497,062 | 829,518 | 1,101,776 | 298,233 | 209,982 |
| Trade Debtors | 1,266,284 | 1,696,015 | 1,445,701 | 1,985,799 | 5,724,011 | 3,328,112 | 3,309,401 | 1,723,339 | 1,406,558 | 172,766 | 120,048 | 15,266 |
| Group Debtors | ||||||||||||
| Misc Debtors | 167,551 | 90,099 | 61,852 | 64,655 | 164,013 | 173,341 | 91,294 | 44,737 | ||||
| Cash | 518,174 | 493,818 | 497,104 | 1,073,836 | 2,035,640 | 583,272 | 813,856 | 1,153,719 | 255,769 | 226,075 | 58,915 | 10,512 |
| misc current assets | ||||||||||||
| total current assets | 5,902,596 | 5,704,201 | 6,277,741 | 5,348,550 | 15,242,642 | 10,584,537 | 8,421,011 | 6,374,120 | 2,536,582 | 1,500,617 | 477,196 | 235,760 |
| total assets | 5,903,929 | 5,705,964 | 6,278,117 | 5,351,805 | 15,252,565 | 10,598,729 | 8,430,730 | 6,377,304 | 2,555,567 | 1,513,790 | 489,750 | 235,760 |
| Bank overdraft | ||||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 5,406,421 | 5,149,867 | 5,756,240 | 5,393,432 | 15,795,417 | 11,038,510 | 7,971,018 | 6,153,683 | 2,295,825 | 1,343,483 | 358,405 | 138,061 |
| Group/Directors Accounts | 16,700 | 21,625 | 1,325 | |||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | 247,876 | 266,676 | 217,371 | 613,136 | 749,134 | 660,630 | 574,832 | |||||
| total current liabilities | 5,654,297 | 5,416,543 | 5,973,611 | 6,006,568 | 16,544,551 | 11,715,840 | 8,567,475 | 6,153,683 | 2,295,825 | 1,344,808 | 358,405 | 138,061 |
| loans | ||||||||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | ||||||||||||
| total long term liabilities | ||||||||||||
| total liabilities | 5,654,297 | 5,416,543 | 5,973,611 | 6,006,568 | 16,544,551 | 11,715,840 | 8,567,475 | 6,153,683 | 2,295,825 | 1,344,808 | 358,405 | 138,061 |
| net assets | 249,632 | 289,421 | 304,506 | -654,763 | -1,291,986 | -1,117,111 | -136,745 | 223,621 | 259,742 | 168,982 | 131,345 | 97,699 |
| total shareholders funds | 249,632 | 289,421 | 304,506 | -654,763 | -1,291,986 | -1,117,111 | -136,745 | 223,621 | 259,742 | 168,982 | 131,345 | 97,699 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 740 | 706 | 2,879 | 3,334 | 4,269 | 4,812 | 2,650 | 5,557 | 4,310 | 3,243 | 213 | |
| Amortisation | ||||||||||||
| Tax | ||||||||||||
| Stock | 526,318 | -848,815 | 2,048,824 | 2,224,260 | 819,166 | 2,293,352 | 709,398 | 2,667,544 | -272,258 | 803,543 | 88,251 | 209,982 |
| Debtors | -352,279 | 278,561 | -542,901 | 2,050,454 | 2,386,571 | 100,758 | 1,677,356 | 272,044 | 1,278,529 | 52,718 | 104,782 | 15,266 |
| Creditors | 256,554 | -606,373 | 362,808 | 5,393,432 | 4,756,907 | 3,067,492 | 1,817,335 | 3,857,858 | 952,342 | 985,078 | 220,344 | 138,061 |
| Accruals and Deferred Income | -18,800 | 49,305 | -395,765 | 613,136 | 88,504 | 85,798 | 574,832 | |||||
| Deferred Taxes & Provisions | ||||||||||||
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | -16,700 | -4,925 | 21,625 | -1,325 | 1,325 | |||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | 24,356 | -3,286 | -576,732 | 1,073,836 | 1,452,368 | -230,584 | -339,863 | 897,950 | 29,694 | 167,160 | 48,403 | 10,512 |
| overdraft | ||||||||||||
| change in cash | 24,356 | -3,286 | -576,732 | 1,073,836 | 1,452,368 | -230,584 | -339,863 | 897,950 | 29,694 | 167,160 | 48,403 | 10,512 |
harmony art limited Credit Report and Business Information
Harmony Art Limited Competitor Analysis
Perform a competitor analysis for harmony art limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in W11 area or any other competitors across 12 key performance metrics.
harmony art limited Ownership
HARMONY ART LIMITED group structure
Harmony Art Limited has no subsidiary companies.
Ultimate parent company
HARMONY ART LIMITED
07246828
harmony art limited directors
Harmony Art Limited currently has 1 director, Mr Mark Antichi serving since May 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Antichi | United Kingdom | 64 years | May 2010 | - | Director |
P&L
May 2023turnover
15.9m
+1%
operating profit
-62.6k
0%
gross margin
38.2%
+0.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
249.6k
-0.14%
total assets
5.9m
+0.03%
cash
518.2k
+0.05%
net assets
Total assets minus all liabilities
harmony art limited company details
company number
07246828
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 2010
age
15
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
pandora fine art limited (October 2020)
accountant
-
auditor
-
address
1st floor 34 ledbury road, london, W11 2AB
Bank
-
Legal Advisor
-
harmony art 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 harmony art limited.
harmony art 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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harmony art limited Companies House Filings - See Documents
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