hex tec ltd
hex tec ltd Company Information
Company Number
07577890
Next Accounts
Jun 2025
Directors
Shareholders
timothy robert graham
emma louise graham
View AllGroup Structure
View All
Industry
Manufacture of other special-purpose machinery n.e.c.
Registered Address
the grange barns, hexton, hitchin, hertfordshire, SG5 3HX
Website
www.fortune-products.comhex tec ltd Estimated Valuation
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
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
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
5 Strong
4 Regular
3 Weak
Size
annual sales of £796.2k, make it smaller than the average company (£11.4m)
- Hex Tec Ltd
£11.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (3%)
- Hex Tec Ltd
3% - Industry AVG
Production
with a gross margin of 30.6%, this company has a comparable cost of product (30.6%)
- Hex Tec Ltd
30.6% - Industry AVG
Profitability
an operating margin of 18.5% make it more profitable than the average company (5.9%)
- Hex Tec Ltd
5.9% - Industry AVG
Employees
with 5 employees, this is below the industry average (64)
- Hex Tec Ltd
64 - Industry AVG
Pay Structure
on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)
- Hex Tec Ltd
£50.1k - Industry AVG
Efficiency
resulting in sales per employee of £159.2k, this is equally as efficient (£180.6k)
- Hex Tec Ltd
£180.6k - Industry AVG
Debtor Days
it gets paid by customers after 105 days, this is later than average (61 days)
- Hex Tec Ltd
61 days - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (46 days)
- Hex Tec Ltd
46 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (90 days)
- Hex Tec Ltd
90 days - Industry AVG
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
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
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 House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,200,025 | 1,184,530 | ||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 406,499 | 421,492 | ||||||||||
| Gross Profit | 793,526 | 763,038 | ||||||||||
| Admin Expenses | 188,195 | 209,497 | ||||||||||
| Operating Profit | 605,331 | 553,541 | ||||||||||
| Interest Payable | 3,046 | 3,188 | ||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | 602,285 | 550,353 | ||||||||||
| Tax | ||||||||||||
| Profit After Tax | 602,285 | 550,353 | ||||||||||
| Dividends Paid | 680,000 | |||||||||||
| Retained Profit | -77,715 | 550,353 | ||||||||||
| Employee Costs | 20,258 | 92,611 | ||||||||||
| Number Of Employees | 7 | 6 | 6 | 5 | 5 | 6 | ||||||
| EBITDA* | 642,735 | 589,640 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 126,511 | 168,681 | 224,430 | 205,395 | 136,422 | 130,810 | 142,601 | 188,889 | 205,419 | 223,535 | 127,515 | |
| Intangible Assets | ||||||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 126,511 | 168,681 | 224,430 | 205,395 | 136,422 | 130,810 | 142,601 | 188,889 | 205,419 | 223,535 | 127,515 | |
| Stock & work in progress | 2,550 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 12,500 | 8,500 | |
| Trade Debtors | 231,043 | 259,470 | 542,411 | 169,110 | 271,878 | 385,268 | 340,055 | 241,710 | 258,911 | 234,397 | 116,572 | |
| Group Debtors | ||||||||||||
| Misc Debtors | 26,018 | 23,644 | 28,203 | 7,090 | 17,892 | 1,230 | 12 | |||||
| Cash | 340,655 | 1,113,874 | 490,745 | 539,459 | 498,445 | 296,024 | 501,753 | 617,361 | 374,432 | 128,569 | 194,391 | |
| misc current assets | 64,483 | 2 | ||||||||||
| total current assets | 600,266 | 1,471,471 | 1,071,359 | 725,659 | 798,215 | 692,522 | 851,820 | 869,073 | 643,343 | 375,466 | 319,463 | |
| total assets | 726,777 | 1,640,152 | 1,295,789 | 931,054 | 934,637 | 823,332 | 994,421 | 1,057,962 | 848,762 | 599,001 | 446,978 | |
| Bank overdraft | 600,003 | 600,003 | ||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 113,229 | 152,352 | 202,366 | 54,981 | 44,458 | 51,848 | 44,046 | 99,290 | 625,229 | 252,387 | 422,253 | |
| Group/Directors Accounts | 400,000 | 350,048 | 240,000 | |||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | 41,657 | 27,244 | 17,322 | 15,840 | 15,645 | 14,363 | ||||||
| other current liabilities | 216,709 | 1,201,593 | 239,105 | 273,867 | 253,731 | 203,409 | 152,043 | 97,676 | ||||
| total current liabilities | 329,938 | 1,353,945 | 883,128 | 706,140 | 555,511 | 271,097 | 811,737 | 811,332 | 625,229 | 252,387 | 422,253 | |
| loans | ||||||||||||
| hp & lease commitments | 111,704 | 97,590 | 32,470 | 18,466 | 34,307 | 49,951 | ||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | 28,114 | 300,000 | 9,564 | |||||||||
| provisions | 28,203 | 37,949 | 18,941 | 18,941 | 16,343 | 16,715 | 24,454 | 24,835 | 25,089 | 244 | ||
| total long term liabilities | 28,203 | 149,653 | 116,531 | 51,411 | 34,809 | 51,022 | 74,405 | 52,949 | 325,089 | 9,808 | ||
| total liabilities | 329,938 | 1,382,148 | 1,032,781 | 822,671 | 606,922 | 305,906 | 862,759 | 885,737 | 678,178 | 577,476 | 432,061 | |
| net assets | 396,839 | 258,004 | 263,008 | 108,383 | 327,715 | 517,426 | 131,662 | 172,225 | 170,584 | 21,525 | 14,917 | |
| total shareholders funds | 396,839 | 258,004 | 263,008 | 108,383 | 327,715 | 517,426 | 131,662 | 172,225 | 170,584 | 21,525 | 14,917 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 605,331 | 553,541 | ||||||||||
| Depreciation | 42,170 | 56,160 | 57,226 | 37,566 | 37,404 | 36,099 | 47,438 | 56,682 | 58,749 | 74,190 | 66,793 | |
| Amortisation | ||||||||||||
| Tax | ||||||||||||
| Stock | -7,450 | -2,500 | 4,000 | 8,500 | ||||||||
| Debtors | -26,053 | -287,500 | 394,414 | -113,570 | -96,728 | 46,431 | 98,357 | -17,201 | 24,514 | 117,825 | 116,572 | |
| Creditors | -39,123 | -50,014 | 147,385 | 10,523 | -7,390 | 7,802 | -55,244 | -525,939 | 372,842 | -169,866 | 422,253 | |
| Accruals and Deferred Income | -984,884 | 962,488 | -34,762 | 20,136 | 50,322 | 51,366 | 54,367 | 97,676 | ||||
| Deferred Taxes & Provisions | -28,203 | -9,746 | 19,008 | 2,598 | -372 | -7,739 | -381 | -254 | 24,845 | 244 | ||
| Cash flow from operations | 784,993 | 602,005 | ||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | -400,000 | 49,952 | 110,048 | 240,000 | ||||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | -153,361 | 28,527 | 75,042 | 15,486 | -15,646 | -14,362 | 64,314 | |||||
| other long term liabilities | -28,114 | -271,886 | 290,436 | 9,564 | ||||||||
| share issue | ||||||||||||
| interest | -3,046 | |||||||||||
| cash flow from financing | 140,444 | |||||||||||
| cash and cash equivalents | ||||||||||||
| cash | -773,219 | 623,129 | -48,714 | 41,014 | 202,421 | -205,729 | -115,608 | 242,929 | 245,863 | -65,822 | 194,391 | |
| overdraft | -600,003 | 600,003 | ||||||||||
| change in cash | -773,219 | 623,129 | -48,714 | 41,014 | 202,421 | 394,274 | -115,608 | -357,074 | 245,863 | -65,822 | 194,391 |
hex tec ltd Credit Report and Business Information
Hex Tec Ltd Competitor Analysis
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 directors
Hex Tec Ltd currently has 1 director, Mr Timothy Graham serving since Mar 2012.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Timothy Graham | England | 46 years | Mar 2012 | - | Director |
P&L
September 2023turnover
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 2023net 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
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
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hex tec ltd Companies House Filings - See Documents
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