harmony hifi distribution ltd
harmony hifi distribution ltd Company Information
Company Number
07671777
Next Accounts
Mar 2025
Industry
Wholesale of gramophone records, audio tapes, compact discs and video tapes and of the equipment on which these are played
Directors
Shareholders
samer taslaq
adam taslaq
View AllGroup Structure
View All
Contact
Registered Address
11 bridgegate centre, welwyn garden city, AL7 1JG
Website
harmonyhifi.co.ukharmony hifi distribution ltd Estimated Valuation
Pomanda estimates the enterprise value of HARMONY HIFI DISTRIBUTION LTD at £248.4k based on a Turnover of £668.8k and 0.37x industry multiple (adjusted for size and gross margin).
harmony hifi distribution ltd Estimated Valuation
Pomanda estimates the enterprise value of HARMONY HIFI DISTRIBUTION LTD at £901k based on an EBITDA of £175.1k and a 5.15x industry multiple (adjusted for size and gross margin).
harmony hifi distribution ltd Estimated Valuation
Pomanda estimates the enterprise value of HARMONY HIFI DISTRIBUTION LTD at £658k based on Net Assets of £326.4k and 2.02x industry multiple (adjusted for liquidity).
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Harmony Hifi Distribution Ltd Overview
Harmony Hifi Distribution Ltd is a live company located in welwyn garden city, AL7 1JG with a Companies House number of 07671777. It operates in the wholesale of audio tapes, records, cds and video tapes and the equipment on which these are played sector, SIC Code 46431. Founded in June 2011, it's largest shareholder is samer taslaq with a 33.3% stake. Harmony Hifi Distribution Ltd is a established, small sized company, Pomanda has estimated its turnover at £668.8k with rapid growth in recent years.
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Harmony Hifi Distribution Ltd Health Check
Pomanda's financial health check has awarded Harmony Hifi Distribution 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
3 Regular
3 Weak
Size
annual sales of £668.8k, make it smaller than the average company (£10.3m)
- Harmony Hifi Distribution Ltd
£10.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 61%, show it is growing at a faster rate (-1.5%)
- Harmony Hifi Distribution Ltd
-1.5% - Industry AVG
Production
with a gross margin of 19%, this company has a comparable cost of product (19%)
- Harmony Hifi Distribution Ltd
19% - Industry AVG
Profitability
an operating margin of 26.2% make it more profitable than the average company (3.9%)
- Harmony Hifi Distribution Ltd
3.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (37)
- Harmony Hifi Distribution Ltd
37 - Industry AVG
Pay Structure
on an average salary of £45.3k, the company has an equivalent pay structure (£45.3k)
- Harmony Hifi Distribution Ltd
£45.3k - Industry AVG
Efficiency
resulting in sales per employee of £334.4k, this is less efficient (£432.3k)
- Harmony Hifi Distribution Ltd
£432.3k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is near the average (38 days)
- Harmony Hifi Distribution Ltd
38 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is slower than average (30 days)
- Harmony Hifi Distribution Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Harmony Hifi Distribution Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 171 weeks, this is more cash available to meet short term requirements (39 weeks)
171 weeks - Harmony Hifi Distribution Ltd
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.7%, this is a lower level of debt than the average (52%)
24.7% - Harmony Hifi Distribution Ltd
52% - Industry AVG
HARMONY HIFI DISTRIBUTION LTD financials
Harmony Hifi Distribution Ltd's latest turnover from June 2023 is estimated at £668.8 thousand and the company has net assets of £326.4 thousand. According to their latest financial statements, we estimate that Harmony Hifi Distribution Ltd has 2 employees and maintains cash reserves of £352.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 76,015 | 82,178 | 30,298 | 6,092 | 7,450 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,003 | 5,003 | 5,003 | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 352,367 | 161,466 | 104,886 | 48,076 | 10,196 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 433,385 | 248,647 | 140,187 | 54,171 | 17,649 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| total assets | 433,385 | 248,647 | 140,187 | 54,171 | 17,649 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 59,133 | 32,553 | 24,028 | 600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 47,886 | 30,668 | 17,819 | 10,163 | 5,514 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 107,019 | 63,221 | 41,847 | 10,763 | 5,514 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 107,019 | 63,221 | 41,847 | 10,763 | 5,514 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 326,366 | 185,426 | 98,340 | 43,408 | 12,135 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| total shareholders funds | 326,366 | 185,426 | 98,340 | 43,408 | 12,135 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | |||||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | |||||||
| Tax | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -6,163 | 51,880 | 29,206 | -1,358 | 7,450 | 3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 26,580 | 8,525 | 23,428 | 600 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 17,218 | 12,849 | 7,656 | 4,649 | 5,514 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | 190,901 | 56,580 | 56,810 | 37,880 | 10,196 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 190,901 | 56,580 | 56,810 | 37,880 | 10,196 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
harmony hifi distribution ltd Credit Report and Business Information
Harmony Hifi Distribution Ltd Competitor Analysis
Perform a competitor analysis for harmony hifi distribution ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in AL7 area or any other competitors across 12 key performance metrics.
harmony hifi distribution ltd Ownership
HARMONY HIFI DISTRIBUTION LTD group structure
Harmony Hifi Distribution Ltd has no subsidiary companies.
Ultimate parent company
HARMONY HIFI DISTRIBUTION LTD
07671777
harmony hifi distribution ltd directors
Harmony Hifi Distribution Ltd currently has 1 director, Mr Adam Taslaq serving since Jun 2011.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Taslaq | England | 40 years | Jun 2011 | - | Director |
P&L
June 2023turnover
668.8k
-1%
operating profit
175.1k
0%
gross margin
19.1%
-11.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
326.4k
+0.76%
total assets
433.4k
+0.74%
cash
352.4k
+1.18%
net assets
Total assets minus all liabilities
Similar Companies
harmony hifi distribution ltd company details
company number
07671777
Type
Private limited with Share Capital
industry
46431 - Wholesale of gramophone records, audio tapes, compact discs and video tapes and of the equipment on which these are played
incorporation date
June 2011
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
ubersafe ltd (June 2017)
accountant
-
auditor
-
address
11 bridgegate centre, welwyn garden city, AL7 1JG
Bank
-
Legal Advisor
-
harmony hifi distribution 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 harmony hifi distribution ltd.
harmony hifi distribution 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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harmony hifi distribution ltd Companies House Filings - See Documents
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