higgins entertainment ltd

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higgins entertainment ltd Company Information

Share HIGGINS ENTERTAINMENT LTD

Company Number

07288584

Shareholders

shmail khan

Group Structure

View All

Industry

Public houses and bars

 

Registered Address

7 redbridge lane east, ilford, IG4 5ET

higgins entertainment ltd Estimated Valuation

£399.9k

Pomanda estimates the enterprise value of HIGGINS ENTERTAINMENT LTD at £399.9k based on a Turnover of £661.2k and 0.6x industry multiple (adjusted for size and gross margin).

higgins entertainment ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of HIGGINS ENTERTAINMENT LTD at £0 based on an EBITDA of £-2.4m and a 4.25x industry multiple (adjusted for size and gross margin).

higgins entertainment ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of HIGGINS ENTERTAINMENT LTD at £0 based on Net Assets of £-434.3k and 1.93x industry multiple (adjusted for liquidity).

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Higgins Entertainment Ltd Overview

Higgins Entertainment Ltd is a live company located in ilford, IG4 5ET with a Companies House number of 07288584. It operates in the public houses and bars sector, SIC Code 56302. Founded in June 2010, it's largest shareholder is shmail khan with a 100% stake. Higgins Entertainment Ltd is a established, small sized company, Pomanda has estimated its turnover at £661.2k with high growth in recent years.

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Higgins Entertainment Ltd Health Check

Pomanda's financial health check has awarded Higgins Entertainment Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

1 Strong

positive_score

6 Regular

positive_score

5 Weak

size

Size

annual sales of £661.2k, make it in line with the average company (£673k)

£661.2k - Higgins Entertainment Ltd

£673k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (12%)

27% - Higgins Entertainment Ltd

12% - Industry AVG

production

Production

with a gross margin of 59.1%, this company has a comparable cost of product (59.1%)

59.1% - Higgins Entertainment Ltd

59.1% - Industry AVG

profitability

Profitability

an operating margin of -356.3% make it less profitable than the average company (6.4%)

-356.3% - Higgins Entertainment Ltd

6.4% - Industry AVG

employees

Employees

with 13 employees, this is similar to the industry average (16)

13 - Higgins Entertainment Ltd

16 - Industry AVG

paystructure

Pay Structure

on an average salary of £15.9k, the company has an equivalent pay structure (£15.9k)

£15.9k - Higgins Entertainment Ltd

£15.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £50.9k, this is equally as efficient (£52.5k)

£50.9k - Higgins Entertainment Ltd

£52.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 14 days, this is later than average (8 days)

14 days - Higgins Entertainment Ltd

8 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 10 days, this is quicker than average (50 days)

10 days - Higgins Entertainment Ltd

50 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 15 days, this is in line with average (16 days)

15 days - Higgins Entertainment Ltd

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (14 weeks)

3 weeks - Higgins Entertainment Ltd

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 273.5%, this is a higher level of debt than the average (75.1%)

273.5% - Higgins Entertainment Ltd

75.1% - Industry AVG

HIGGINS ENTERTAINMENT LTD financials

EXPORTms excel logo

Higgins Entertainment Ltd's latest turnover from December 2023 is estimated at £661.2 thousand and the company has net assets of -£434.3 thousand. According to their latest financial statements, Higgins Entertainment Ltd has 13 employees and maintains cash reserves of £45.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Oct 2010
Turnover661,189463,732192,751322,196866,834957,8841,012,655889,93233,182,97845,656,89917,260,2243,227,6892,799,228
Other Income Or Grants
Cost Of Sales270,689188,09877,806135,268352,196398,047426,564373,74414,573,48220,247,5117,762,8561,502,5141,299,081
Gross Profit390,500275,633114,945186,929514,638559,837586,091516,18818,609,49625,409,3889,497,3681,725,1751,500,148
Admin Expenses2,746,6653,787,282-618,208909,561-614,203-516,572-614,394-580,34317,789,41624,453,4178,989,5901,620,7071,480,344
Operating Profit-2,356,165-3,511,649733,153-722,6321,128,8411,076,4091,200,4851,096,531820,080955,971507,778104,46819,804
Interest Payable
Interest Receivable3,51012,2827852252,5273,7453,6871,2622,1931,927732475215
Pre-Tax Profit-2,352,655-3,499,367733,938-722,4071,131,3681,080,1541,204,1721,097,793822,273957,897508,510104,94320,019
Tax-139,448-214,960-205,229-228,793-219,558-164,454-201,158-116,957-25,186-5,205
Profit After Tax-2,352,655-3,499,367594,490-722,407916,408874,925975,379878,234657,818756,739391,55379,75714,814
Dividends Paid
Retained Profit-2,352,655-3,499,367594,490-722,407916,408874,925975,379878,234657,818756,739391,55379,75714,814
Employee Costs206,581134,860123,845153,867353,665398,963422,966366,931366,75413,335,2195,338,677847,718750,402
Number Of Employees13991123242725269363746764
EBITDA*-2,353,163-3,508,283736,974-719,3371,132,8471,080,4841,221,5841,118,657842,569979,549529,992126,71138,831

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Oct 2010
Tangible Assets26,92229,92433,29011,37814,22314,50318,12838,35255,92574,64487,054103,290106,543
Intangible Assets4509001,3501,8002,2502,7003,1503,6004,050
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets26,92229,92433,29011,37814,67315,40319,47840,15258,17577,34490,204106,890110,593
Stock & work in progress11,60117,24619,25321,30218,97116,34620,17721,00216,57311,97510,2188,680
Trade Debtors26,08016,2981,922,043931,784380,22470,54763,211
Group Debtors
Misc Debtors140,0722,067,9274,861,6034,947,7445,417,3205,008,1313,340,9072,384,901
Cash45,63088,086613,75414,378435,534238,267760,437714,257295,284581,759188,858103,92186,0541
misc current assets
total current assets223,3832,189,5575,494,6104,962,1225,874,1565,265,3694,117,6903,119,3352,238,3291,530,116581,057184,686157,9451
total assets250,3052,219,4815,527,9004,973,5005,888,8295,280,7724,137,1683,159,4872,296,5041,607,460671,261291,576268,5381
Bank overdraft4
Bank loan
Trade Creditors 7,57011,4992149,20931,73921,81817,440395,822364,596185,136197,00498,126
Group/Directors Accounts493,972155,597
other short term finances
hp & lease commitments
other current liabilities181,614299,31696,960147,903331,333617,391357,973358,684
total current liabilities683,160299,316108,459148,117340,542649,130379,791376,124395,822364,596185,136197,004253,723
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions1,4561,8211,7302,1622,6592,4223,0824,447
total long term liabilities1,4561,8211,7302,1622,6592,4223,0824,447
total liabilities684,616301,137110,189150,279343,201651,552382,873380,571395,822364,596185,136197,004253,723
net assets-434,3111,918,3445,417,7114,823,2215,545,6284,629,2203,754,2952,778,9161,900,6821,242,864486,12594,57214,8151
total shareholders funds-434,3111,918,3445,417,7114,823,2215,545,6284,629,2203,754,2952,778,9161,900,6821,242,864486,12594,57214,8151
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Oct 2010
Operating Activities
Operating Profit-2,356,165-3,511,649733,153-722,6321,128,8411,076,4091,200,4851,096,531820,080955,971507,778104,46819,804
Depreciation3,0023,3663,8212,8453,5563,62520,64921,67622,03923,12821,76421,79318,577
Amortisation450450450450450450450450450450
Tax-139,448-214,960-205,229-228,793-219,558-164,454-201,158-116,957-25,186-5,205
Stock-5,645-2,00719,253-21,3022,3312,625-3,831-8254,4294,5981,7571,5388,680
Debtors-1,918,073-2,777,378-86,141-469,576409,1891,667,224956,006462,858990,259551,560309,6777,33663,211
Creditors7,570-11,49911,285-8,995-22,5309,9214,378-378,38231,226179,460-11,86898,87898,126
Accruals and Deferred Income-117,702202,356-50,943-183,430-286,058259,418-711358,684
Deferred Taxes & Provisions-36591-432-497237-660-1,3654,447
Cash flow from operations-539,942-537,950624,324-421,381198,016-525,91542,918421,815-285,347401,69389,733191,52959,861
Investing Activities
capital expenditure-25,733-3,276-425-4,103-3,320-10,718-5,528-18,540-129,620
Change in Investments
cash flow from investments-25,733-3,276-425-4,103-3,320-10,718-5,528-18,540-129,620
Financing Activities
Bank loans
Group/Directors Accounts493,972-155,597155,597
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue1
interest3,51012,2827852252,5273,7453,6871,2622,1931,927732475215
cash flow from financing497,48212,2827852252,5273,7453,6871,2622,1931,927732-155,122155,8121
cash and cash equivalents
cash-42,456-525,668599,376-421,156197,267-522,17046,180418,973-286,475392,90184,93717,86786,0531
overdraft4
change in cash-42,460-525,668599,376-421,156197,267-522,17046,180418,973-286,475392,90184,93717,86786,0531

higgins entertainment ltd 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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Higgins Entertainment Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for higgins entertainment ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in IG4 area or any other competitors across 12 key performance metrics.

higgins entertainment ltd Ownership

HIGGINS ENTERTAINMENT LTD group structure

Higgins Entertainment Ltd has no subsidiary companies.

Ultimate parent company

HIGGINS ENTERTAINMENT LTD

07288584

HIGGINS ENTERTAINMENT LTD Shareholders

shmail khan 100%

higgins entertainment ltd directors

Higgins Entertainment Ltd currently has 2 directors. The longest serving directors include Mr Shmile Khan (Jun 2010) and Mr Shmile Khan (Jun 2010).

officercountryagestartendrole
Mr Shmile KhanEngland41 years Jun 2010- Director
Mr Shmile KhanUnited Kingdom41 years Jun 2010- Director

P&L

December 2023

turnover

661.2k

+43%

operating profit

-2.4m

0%

gross margin

59.1%

-0.64%

turnover

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

Balance Sheet

December 2023

net assets

-434.3k

-1.23%

total assets

250.3k

-0.89%

cash

45.6k

-0.48%

net assets

Total assets minus all liabilities

higgins entertainment ltd company details

company number

07288584

Type

Private limited with Share Capital

industry

56302 - Public houses and bars

incorporation date

June 2010

age

15

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

7 redbridge lane east, ilford, IG4 5ET

Bank

-

Legal Advisor

-

higgins entertainment ltd 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 1 charges/mortgages relating to higgins entertainment ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

higgins entertainment ltd 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.

Click to start generating capital raising & share issue transactions for HIGGINS ENTERTAINMENT LTD. This can take several minutes, an email will notify you when this has completed.

higgins entertainment ltd Companies House Filings - See Documents

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