horizon search & selection limited

Live EstablishedMicroDeclining

horizon search & selection limited Company Information

Share HORIZON SEARCH & SELECTION LIMITED

Company Number

07653415

Shareholders

gemma turp

kate alexandra howes

View All

Group Structure

View All

Industry

Temporary employment agency activities

 

Registered Address

5 station yard, needham market, ipswich, suffolk, IP6 8AS

horizon search & selection limited Estimated Valuation

£33k

Pomanda estimates the enterprise value of HORIZON SEARCH & SELECTION LIMITED at £33k based on a Turnover of £200.3k and 0.16x industry multiple (adjusted for size and gross margin).

horizon search & selection limited Estimated Valuation

£0

Pomanda estimates the enterprise value of HORIZON SEARCH & SELECTION LIMITED at £0 based on an EBITDA of £-24.6k and a 2.93x industry multiple (adjusted for size and gross margin).

horizon search & selection limited Estimated Valuation

£0

Pomanda estimates the enterprise value of HORIZON SEARCH & SELECTION LIMITED at £0 based on Net Assets of £-64.8k and 1.3x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Horizon Search & Selection Limited Overview

Horizon Search & Selection Limited is a live company located in ipswich, IP6 8AS with a Companies House number of 07653415. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in June 2011, it's largest shareholder is gemma turp with a 47.5% stake. Horizon Search & Selection Limited is a established, micro sized company, Pomanda has estimated its turnover at £200.3k with declining growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Horizon Search & Selection Limited Health Check

Pomanda's financial health check has awarded Horizon Search & Selection Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

1 Strong

positive_score

3 Regular

positive_score

7 Weak

size

Size

annual sales of £200.3k, make it smaller than the average company (£14m)

£200.3k - Horizon Search & Selection Limited

£14m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (8.4%)

-7% - Horizon Search & Selection Limited

8.4% - Industry AVG

production

Production

with a gross margin of 18.2%, this company has a comparable cost of product (18.2%)

18.2% - Horizon Search & Selection Limited

18.2% - Industry AVG

profitability

Profitability

an operating margin of -12.6% make it less profitable than the average company (2.4%)

-12.6% - Horizon Search & Selection Limited

2.4% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (51)

2 - Horizon Search & Selection Limited

51 - Industry AVG

paystructure

Pay Structure

on an average salary of £50k, the company has an equivalent pay structure (£50k)

£50k - Horizon Search & Selection Limited

£50k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £100.2k, this is less efficient (£211.8k)

£100.2k - Horizon Search & Selection Limited

£211.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 34 days, this is near the average (41 days)

34 days - Horizon Search & Selection Limited

41 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (3 days)

0 days - Horizon Search & Selection Limited

3 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Horizon Search & Selection Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (7 weeks)

18 weeks - Horizon Search & Selection Limited

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 241.7%, this is a higher level of debt than the average (69.8%)

241.7% - Horizon Search & Selection Limited

69.8% - Industry AVG

HORIZON SEARCH & SELECTION LIMITED financials

EXPORTms excel logo

Horizon Search & Selection Limited's latest turnover from May 2024 is estimated at £200.3 thousand and the company has net assets of -£64.8 thousand. According to their latest financial statements, Horizon Search & Selection Limited has 2 employees and maintains cash reserves of £15.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012
Turnover200,321179,673175,071249,119285,718220,588248,497372,900400,116855,040659,433560,522881,613
Other Income Or Grants
Cost Of Sales163,912146,679145,595211,913237,759183,274204,934307,693332,220708,766542,012461,353728,842
Gross Profit36,40932,99329,47637,20647,95937,31443,56365,20767,897146,274117,42199,169152,771
Admin Expenses61,71261,26938,73829,23139,31548,00953,66169,41658,35178,479127,961102,878185,804
Operating Profit-25,303-28,276-9,2627,9758,644-10,695-10,098-4,2099,54667,795-10,540-3,709-33,033
Interest Payable3,9182,0821,7148316471
Interest Receivable8531,0954244228182165110231129405629
Pre-Tax Profit-28,368-29,263-10,5527,1868,607-10,584-9,933-4,0999,77667,924-10,500-3,653-33,004
Tax-1,365-1,635-1,955-13,585
Profit After Tax-28,368-29,263-10,5525,8216,972-10,584-9,933-4,0997,82154,339-10,500-3,653-33,004
Dividends Paid
Retained Profit-28,368-29,263-10,5525,8216,972-10,584-9,933-4,0997,82154,339-10,500-3,653-33,004
Employee Costs100,00099,05392,38784,18883,521120,295117,403157,194116,441152,088113,714111,761149,269
Number Of Employees2222233434334
EBITDA*-24,638-27,389-8,6888,6199,162-10,241-9,492-3,40110,27868,289-9,980-2,962-32,037

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012
Tangible Assets1,9972,6623,1793,7534,1051,3631,8172,4233,2311,6321,6792,2392,986
Intangible Assets
Investments & Other
Debtors (Due After 1 year)15,67013,459
Total Fixed Assets1,9972,6623,17919,42317,5641,3631,8172,4233,2311,6321,6792,2392,986
Stock & work in progress
Trade Debtors19,17015,14310,58014,87219,03630,95548,96250,18232,34323,32916,708
Group Debtors
Misc Debtors8,9767,5765,5111,2501,7001,7002,543
Cash15,58916,92231,72953,04231,55524,33424,19941,72846,14646,1115,42610,68411,766
misc current assets
total current assets43,73539,64147,82053,04231,55540,45644,93574,38397,65196,29337,76934,01328,474
total assets45,73242,30350,99972,46549,11941,81946,75276,806100,88297,92539,44836,25231,460
Bank overdraft15,7357,2125,4485,4482,114
Bank loan
Trade Creditors 4414674684435444832,6881,22740,94736,50532,90764,463
Group/Directors Accounts7,45522,455490490490
other short term finances
hp & lease commitments
other current liabilities21,1828,0446,45511,39121,15418,99544,75362,60383,856
total current liabilities44,81338,17812,39317,79722,08721,65345,23665,29185,08340,94736,50532,90764,463
loans36,00310,70816,28321,793
hp & lease commitments
Accruals and Deferred Income
other liabilities29,32029,32029,32029,32029,32029,32049,32050,00040,000
provisions399532175175153259345461646326
total long term liabilities65,72240,56045,77851,28829,47329,57934546164649,64650,00040,000
total liabilities110,53578,73858,17169,08551,56051,23245,58165,75285,72990,59386,50572,90764,463
net assets-64,803-36,435-7,1723,380-2,441-9,4131,17111,05415,1537,332-47,057-36,655-33,003
total shareholders funds-64,803-36,435-7,1723,380-2,441-9,4131,17111,05415,1537,332-47,057-36,655-33,003
May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012
Operating Activities
Operating Profit-25,303-28,276-9,2627,9758,644-10,695-10,098-4,2099,54667,795-10,540-3,709-33,033
Depreciation665887574644518454606808732494560747996
Amortisation
Tax-1,365-1,635-1,955-13,585
Stock
Debtors5,4276,6284212,211-2,663-4,614-11,919-18,8501,32317,8399,0146,62116,708
Creditors-26467-46825-10161-2,2051,461-39,7204,4423,598-31,55664,463
Accruals and Deferred Income13,1381,589-4,936-9,7632,159-25,758-17,850-21,25383,856
Deferred Taxes & Provisions-13335722-106-86-116-185320326
Cash flow from operations-17,086-31,604-14,513-4,67312,142-31,410-17,744-4,52851,45641,633-15,396-41,13915,718
Investing Activities
capital expenditure-370-292-3,260-2,331-447-3,982
Change in Investments
cash flow from investments-370-292-3,260-2,331-447-3,982
Financing Activities
Bank loans
Group/Directors Accounts-15,00021,965490
Other Short Term Loans
Long term loans25,295-5,575-5,51021,793
Hire Purchase and Lease Commitments
other long term liabilities29,320-49,320-68010,00040,000
share issue50509811
interest-3,065-987-1,290-789-36111165110231129405629
cash flow from financing7,23015,403-6,80021,00445429,431215110-49,089-50110,13840,05730
cash and cash equivalents
cash-1,333-14,807-21,31321,4877,221135-17,529-4,4183540,685-5,258-1,08211,766
overdraft8,5231,7645,448-2,1142,114
change in cash-9,856-16,571-21,31316,0399,335-1,979-17,529-4,4183540,685-5,258-1,08211,766

horizon search & selection limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for horizon search & selection limited. Get real-time insights into horizon search & selection limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Horizon Search & Selection Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for horizon search & selection limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in IP6 area or any other competitors across 12 key performance metrics.

horizon search & selection limited Ownership

HORIZON SEARCH & SELECTION LIMITED group structure

Horizon Search & Selection Limited has no subsidiary companies.

Ultimate parent company

HORIZON SEARCH & SELECTION LIMITED

07653415

HORIZON SEARCH & SELECTION LIMITED Shareholders

gemma turp 47.5%
kate alexandra howes 30%
kevin charles calver 22.5%

horizon search & selection limited directors

Horizon Search & Selection Limited currently has 2 directors. The longest serving directors include Mrs Gemma Turp (Apr 2013) and Ms Kate Howes (Sep 2017).

officercountryagestartendrole
Mrs Gemma TurpEngland47 years Apr 2013- Director
Ms Kate HowesEngland34 years Sep 2017- Director

P&L

May 2024

turnover

200.3k

+11%

operating profit

-25.3k

0%

gross margin

18.2%

-1.02%

turnover

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

Balance Sheet

May 2024

net assets

-64.8k

+0.78%

total assets

45.7k

+0.08%

cash

15.6k

-0.08%

net assets

Total assets minus all liabilities

horizon search & selection limited company details

company number

07653415

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

June 2011

age

14

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

May 2024

previous names

N/A

accountant

TARGET ASSOCIATES LTD

auditor

-

address

5 station yard, needham market, ipswich, suffolk, IP6 8AS

Bank

-

Legal Advisor

-

horizon search & selection 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 horizon search & selection limited.

horizon search & selection 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.

Click to start generating capital raising & share issue transactions for HORIZON SEARCH & SELECTION LIMITED. This can take several minutes, an email will notify you when this has completed.

horizon search & selection limited Companies House Filings - See Documents

datedescriptionview/download