hex tec ltd

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hex tec ltd Company Information

Share HEX TEC LTD

Company Number

07577890

Shareholders

timothy robert graham

emma louise graham

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Group Structure

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Industry

Manufacture of other special-purpose machinery n.e.c.

 

Registered Address

the grange barns, hexton, hitchin, hertfordshire, SG5 3HX

hex tec ltd Estimated Valuation

£457.2k

Pomanda estimates the enterprise value of HEX TEC LTD at £457.2k based on a Turnover of £796.2k and 0.57x industry multiple (adjusted for size and gross margin).

hex tec ltd Estimated Valuation

£803.6k

Pomanda estimates the enterprise value of HEX TEC LTD at £803.6k based on an EBITDA of £189.1k and a 4.25x industry multiple (adjusted for size and gross margin).

hex tec ltd Estimated Valuation

£878.6k

Pomanda estimates the enterprise value of HEX TEC LTD at £878.6k based on Net Assets of £396.8k and 2.21x industry multiple (adjusted for liquidity).

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Hex Tec Ltd Overview

Hex Tec Ltd is a live company located in hitchin, SG5 3HX with a Companies House number of 07577890. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in March 2011, it's largest shareholder is timothy robert graham with a 49.5% stake. Hex Tec Ltd is a established, small sized company, Pomanda has estimated its turnover at £796.2k with healthy growth in recent years.

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Hex Tec Ltd Health Check

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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £796.2k, make it smaller than the average company (£11.4m)

£796.2k - Hex Tec Ltd

£11.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (3%)

4% - Hex Tec Ltd

3% - Industry AVG

production

Production

with a gross margin of 30.6%, this company has a comparable cost of product (30.6%)

30.6% - Hex Tec Ltd

30.6% - Industry AVG

profitability

Profitability

an operating margin of 18.5% make it more profitable than the average company (5.9%)

18.5% - Hex Tec Ltd

5.9% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (64)

5 - Hex Tec Ltd

64 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)

£50.1k - Hex Tec Ltd

£50.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £159.2k, this is equally as efficient (£180.6k)

£159.2k - Hex Tec Ltd

£180.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 105 days, this is later than average (61 days)

105 days - Hex Tec Ltd

61 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 74 days, this is slower than average (46 days)

74 days - Hex Tec Ltd

46 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 1 days, this is less than average (90 days)

1 days - Hex Tec Ltd

90 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 53 weeks, this is more cash available to meet short term requirements (13 weeks)

53 weeks - Hex Tec Ltd

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 45.4%, this is a similar level of debt than the average (48.6%)

45.4% - Hex Tec Ltd

48.6% - Industry AVG

HEX TEC LTD financials

EXPORTms excel logo

Hex Tec Ltd's latest turnover from September 2023 is estimated at £796.2 thousand and the company has net assets of £396.8 thousand. According to their latest financial statements, we estimate that Hex Tec Ltd has 5 employees and maintains cash reserves of £340.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Mar 2012
Turnover796,227928,5461,605,600699,8651,200,0251,184,530916,931857,8881,743,984996,287945,067
Other Income Or Grants
Cost Of Sales552,421633,3471,128,894492,102406,499421,492611,439578,4271,188,102671,122631,844
Gross Profit243,807295,199476,706207,763793,526763,038305,492279,461555,882325,165313,223
Admin Expenses96,875318,255286,326427,614188,195209,497309,954259,899370,816317,732294,339
Operating Profit146,932-23,056190,380-219,851605,331553,541-4,46219,562185,0667,43318,884
Interest Payable3,0463,18837,50018,750
Interest Receivable38,18118,0525155192,9921,3991,2401,258807486
Pre-Tax Profit185,113-5,004190,895-219,332602,285550,353-40,5632,051186,3248,24119,370
Tax-46,278-36,270-410-37,265-1,731-4,455
Profit After Tax138,835-5,004154,625-219,332602,285550,353-40,5631,641149,0596,51014,915
Dividends Paid680,000
Retained Profit138,835-5,004154,625-219,332-77,715550,353-40,5631,641149,0596,51014,915
Employee Costs250,716283,936319,233270,39620,25892,611209,893247,011452,017286,539239,524
Number Of Employees567665561176
EBITDA*189,10233,104247,606-182,285642,735589,64042,97676,244243,81581,62385,677

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Mar 2012
Tangible Assets126,511168,681224,430205,395136,422130,810142,601188,889205,419223,535127,515
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets126,511168,681224,430205,395136,422130,810142,601188,889205,419223,535127,515
Stock & work in progress2,55010,00010,00010,00010,00010,00010,00010,00010,00012,5008,500
Trade Debtors231,043259,470542,411169,110271,878385,268340,055241,710258,911234,397116,572
Group Debtors
Misc Debtors26,01823,64428,2037,09017,8921,23012
Cash340,6551,113,874490,745539,459498,445296,024501,753617,361374,432128,569194,391
misc current assets64,4832
total current assets600,2661,471,4711,071,359725,659798,215692,522851,820869,073643,343375,466319,463
total assets726,7771,640,1521,295,789931,054934,637823,332994,4211,057,962848,762599,001446,978
Bank overdraft600,003600,003
Bank loan
Trade Creditors 113,229152,352202,36654,98144,45851,84844,04699,290625,229252,387422,253
Group/Directors Accounts400,000350,048240,000
other short term finances
hp & lease commitments41,65727,24417,32215,84015,64514,363
other current liabilities216,7091,201,593239,105273,867253,731203,409152,04397,676
total current liabilities329,9381,353,945883,128706,140555,511271,097811,737811,332625,229252,387422,253
loans
hp & lease commitments111,70497,59032,47018,46634,30749,951
Accruals and Deferred Income
other liabilities28,114300,0009,564
provisions28,20337,94918,94118,94116,34316,71524,45424,83525,089244
total long term liabilities28,203149,653116,53151,41134,80951,02274,40552,949325,0899,808
total liabilities329,9381,382,1481,032,781822,671606,922305,906862,759885,737678,178577,476432,061
net assets396,839258,004263,008108,383327,715517,426131,662172,225170,58421,52514,917
total shareholders funds396,839258,004263,008108,383327,715517,426131,662172,225170,58421,52514,917
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Mar 2012
Operating Activities
Operating Profit146,932-23,056190,380-219,851605,331553,541-4,46219,562185,0667,43318,884
Depreciation42,17056,16057,22637,56637,40436,09947,43856,68258,74974,19066,793
Amortisation
Tax-46,278-36,270-410-37,265-1,731-4,455
Stock-7,450-2,5004,0008,500
Debtors-26,053-287,500394,414-113,570-96,72846,43198,357-17,20124,514117,825116,572
Creditors-39,123-50,014147,38510,523-7,3907,802-55,244-525,939372,842-169,866422,253
Accruals and Deferred Income-984,884962,488-34,76220,13650,32251,36654,36797,676
Deferred Taxes & Provisions-28,203-9,74619,0082,598-372-7,739-381-25424,845244
Cash flow from operations-875,8831,223,332-51,447-38,056784,993602,005-63,997-335,609557,124-186,954378,647
Investing Activities
capital expenditure-411-76,261-106,539-43,016-24,308-1,150-40,152-40,633-170,210-194,308
Change in Investments
cash flow from investments-411-76,261-106,539-43,016-24,308-1,150-40,152-40,633-170,210-194,308
Financing Activities
Bank loans
Group/Directors Accounts-400,00049,952110,048240,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-153,36128,52775,04215,486-15,646-14,36264,314
other long term liabilities-28,114-271,886290,4369,564
share issue-111,996-164,589982
interest38,18118,052515519-3,046-196-36,101-17,5101,258807486
cash flow from financing38,181-535,30978,994185,609140,444-180,431-50,46318,690-270,628291,34110,052
cash and cash equivalents
cash-773,219623,129-48,71441,014202,421-205,729-115,608242,929245,863-65,822194,391
overdraft-600,003600,003
change in cash-773,219623,129-48,71441,014202,421394,274-115,608-357,074245,863-65,822194,391

hex tec 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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Hex Tec Ltd Competitor Analysis

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Perform a competitor analysis for hex tec ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in SG5 area or any other competitors across 12 key performance metrics.

hex tec ltd Ownership

HEX TEC LTD group structure

Hex Tec Ltd has no subsidiary companies.

Ultimate parent company

HEX TEC LTD

07577890

HEX TEC LTD Shareholders

timothy robert graham 49.5%
emma louise graham 24.75%
robert john graham 24.75%
sally ward 0.99%

hex tec ltd directors

Hex Tec Ltd currently has 1 director, Mr Timothy Graham serving since Mar 2012.

officercountryagestartendrole
Mr Timothy GrahamEngland46 years Mar 2012- Director

P&L

September 2023

turnover

796.2k

-14%

operating profit

146.9k

0%

gross margin

30.7%

-3.68%

turnover

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

Balance Sheet

September 2023

net assets

396.8k

+0.54%

total assets

726.8k

-0.56%

cash

340.7k

-0.69%

net assets

Total assets minus all liabilities

hex tec ltd company details

company number

07577890

Type

Private limited with Share Capital

industry

28990 - Manufacture of other special-purpose machinery n.e.c.

incorporation date

March 2011

age

14

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

September 2023

previous names

fortune products technical solutions limited (February 2024)

fp technical solutions limited (March 2012)

accountant

-

auditor

-

address

the grange barns, hexton, hitchin, hertfordshire, SG5 3HX

Bank

-

Legal Advisor

-

hex tec 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 did not find charges/mortgages relating to hex tec ltd.

hex tec 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.

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hex tec ltd Companies House Filings - See Documents

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