hareson property ltd

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hareson property ltd Company Information

Share HARESON PROPERTY LTD

Company Number

08118379

Shareholders

haren patel

sonal patel

Group Structure

View All

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Registered Address

carlton lodge 18 ipswich road, norwich, NR2 2LX

hareson property ltd Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of HARESON PROPERTY LTD at £1.8m based on a Turnover of £697k and 2.59x industry multiple (adjusted for size and gross margin).

hareson property ltd Estimated Valuation

£116.3k

Pomanda estimates the enterprise value of HARESON PROPERTY LTD at £116.3k based on an EBITDA of £22.7k and a 5.11x industry multiple (adjusted for size and gross margin).

hareson property ltd Estimated Valuation

£330.6k

Pomanda estimates the enterprise value of HARESON PROPERTY LTD at £330.6k based on Net Assets of £193.3k and 1.71x industry multiple (adjusted for liquidity).

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Hareson Property Ltd Overview

Hareson Property Ltd is a live company located in norwich, NR2 2LX with a Companies House number of 08118379. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in June 2012, it's largest shareholder is haren patel with a 50% stake. Hareson Property Ltd is a established, small sized company, Pomanda has estimated its turnover at £697k with healthy growth in recent years.

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Hareson Property Ltd Health Check

Pomanda's financial health check has awarded Hareson Property Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £697k, make it smaller than the average company (£922k)

£697k - Hareson Property Ltd

£922k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.9%)

14% - Hareson Property Ltd

4.9% - Industry AVG

production

Production

with a gross margin of 34.7%, this company has a higher cost of product (75.6%)

34.7% - Hareson Property Ltd

75.6% - Industry AVG

profitability

Profitability

an operating margin of 3.3% make it less profitable than the average company (29.5%)

3.3% - Hareson Property Ltd

29.5% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (4)

2 - Hareson Property Ltd

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.5k, the company has an equivalent pay structure (£32.5k)

£32.5k - Hareson Property Ltd

£32.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £348.5k, this is more efficient (£178.7k)

£348.5k - Hareson Property Ltd

£178.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 117 days, this is later than average (30 days)

117 days - Hareson Property Ltd

30 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 4 days, this is quicker than average (38 days)

4 days - Hareson Property Ltd

38 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Hareson Property Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Hareson Property Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 47.4%, this is a lower level of debt than the average (63.8%)

47.4% - Hareson Property Ltd

63.8% - Industry AVG

HARESON PROPERTY LTD financials

EXPORTms excel logo

Hareson Property Ltd's latest turnover from March 2024 is estimated at £697 thousand and the company has net assets of £193.3 thousand. According to their latest financial statements, Hareson Property Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Jun 2015Jun 2014Jun 2013
Turnover696,977580,232490,841470,241469,345421,430347,039323,4383,9626,48928,3712,165
Other Income Or Grants000000000000
Cost Of Sales455,170387,385331,182310,547313,652283,445230,133207,0352,6464,62720,6231,610
Gross Profit241,808192,847159,660159,694155,693137,985116,906116,4031,3161,8637,748555
Admin Expenses219,059171,220138,040137,878138,618121,01594,51293,205-14,415-24,882-24,870-19,213
Operating Profit22,74921,62721,62021,81617,07516,97022,39423,19815,73126,74532,61819,768
Interest Payable0000000005,20010,4005,200
Interest Receivable00000009735626612421
Pre-Tax Profit22,74921,62721,62021,81617,07516,97022,39423,29516,08821,81122,34214,588
Tax-5,687-4,109-4,108-4,145-3,244-3,224-4,255-4,659-3,217-4,362-4,692-3,355
Profit After Tax17,06217,51817,51217,67113,83113,74618,13918,63612,87017,44917,65011,233
Dividends Paid000000000000
Retained Profit17,06217,51817,51217,67113,83113,74618,13918,63612,87017,44917,65011,233
Employee Costs64,99860,75559,08953,71754,78554,11552,35751,17926,24726,28525,08324,171
Number Of Employees222222221111
EBITDA*22,74921,62721,62021,81617,07516,97022,39423,19816,46027,88933,96420,795

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Jun 2015Jun 2014Jun 2013
Tangible Assets143,438143,715144,041144,424144,874145,404146,028146,762147,625148,3547,6278,973
Intangible Assets0000000000141,871141,871
Investments & Other000000000000
Debtors (Due After 1 year)000000000000
Total Fixed Assets143,438143,715144,041144,424144,874145,404146,028146,762147,625148,354149,498150,844
Stock & work in progress000000000000
Trade Debtors224,318207,607187,922169,602151,247132,888114,27695,782006,1590
Group Debtors000000000000
Misc Debtors0000000000016,000
Cash0000000077,33665,10641,4688,198
misc current assets000000000000
total current assets224,318207,607187,922169,602151,247132,888114,27695,78277,33665,10647,62724,198
total assets367,756351,322331,963314,026296,121278,292260,304242,544224,961213,460197,125175,042
Bank overdraft000000000000
Bank loan000000000000
Trade Creditors 5,7546,5134,7804,5414,3074,3094,4274,5614,5085,7316,6171,914
Group/Directors Accounts000000000000
other short term finances000000000000
hp & lease commitments000000000000
other current liabilities000000000000
total current liabilities5,7546,5134,7804,5414,3074,3094,4274,5614,5085,7316,6171,914
loans0000000000160,000160,000
hp & lease commitments000000000000
Accruals and Deferred Income1,6851,5541,4461,2601,2601,2609001,1450000
other liabilities167,000167,000167,000167,000167,000163,000159,000159,000160,000160,00000
provisions000000001,1511,2971,5251,795
total long term liabilities168,685168,554168,446168,260168,260164,260159,900160,145161,151161,297161,525161,795
total liabilities174,439175,067173,226172,801172,567168,569164,327164,706165,659167,028168,142163,709
net assets193,317176,255158,737141,225123,554109,72395,97777,83859,30246,43228,98311,333
total shareholders funds193,317176,255158,737141,225123,554109,72395,97777,83859,30246,43228,98311,333
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Jun 2015Jun 2014Jun 2013
Operating Activities
Operating Profit22,74921,62721,62021,81617,07516,97022,39423,19815,73126,74532,61819,768
Depreciation000000007291,1441,3461,027
Amortisation000000000000
Tax-5,687-4,109-4,108-4,145-3,244-3,224-4,255-4,659-3,217-4,362-4,692-3,355
Stock000000000000
Debtors16,71119,68518,32018,35518,35918,61218,49495,7820-6,159-9,84116,000
Creditors-7591,733239234-2-118-13453-1,223-8864,7031,914
Accruals and Deferred Income13110818600360-2451,1450000
Deferred Taxes & Provisions0000000-1,151-146-228-2701,795
Cash flow from operations-277-326-383-450-4,530-4,624-734-77,19611,87428,57243,5465,149
Investing Activities
capital expenditure277326383450530624734863000-151,871
Change in Investments000000000000
cash flow from investments277326383450530624734863000-151,871
Financing Activities
Bank loans000000000000
Group/Directors Accounts000000000000
Other Short Term Loans 000000000000
Long term loans000000000-160,0000160,000
Hire Purchase and Lease Commitments000000000000
other long term liabilities00004,0004,0000-1,0000160,00000
share issue0000000-100000100
interest000000097356-4,934-10,276-5,179
cash flow from financing00004,0004,0000-1,003356-4,934-10,276154,921
cash and cash equivalents
cash0000000-77,33612,23023,63833,2708,198
overdraft000000000000
change in cash0000000-77,33612,23023,63833,2708,198

hareson property 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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Hareson Property Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for hareson property ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in NR2 area or any other competitors across 12 key performance metrics.

hareson property ltd Ownership

HARESON PROPERTY LTD group structure

Hareson Property Ltd has no subsidiary companies.

Ultimate parent company

HARESON PROPERTY LTD

08118379

HARESON PROPERTY LTD Shareholders

haren patel 50%
sonal patel 50%

hareson property ltd directors

Hareson Property Ltd currently has 2 directors. The longest serving directors include Dr Sonal Patel (Jun 2012) and Dr Haren Patel (Jun 2012).

officercountryagestartendrole
Dr Sonal PatelEngland51 years Jun 2012- Director
Dr Haren PatelEngland49 years Jun 2012- Director

P&L

March 2024

turnover

697k

+20%

operating profit

22.7k

0%

gross margin

34.7%

+4.39%

turnover

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

Balance Sheet

March 2024

net assets

193.3k

+0.1%

total assets

367.8k

+0.05%

cash

0

0%

net assets

Total assets minus all liabilities

hareson property ltd company details

company number

08118379

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

June 2012

age

13

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

carlton lodge 18 ipswich road, norwich, NR2 2LX

Bank

-

Legal Advisor

-

hareson property 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 hareson property ltd.

hareson property 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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hareson property ltd Companies House Filings - See Documents

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