hitchin boys' school
hitchin boys' school Company Information
Company Number
08286295
Website
http://hbs.herts.sch.ukRegistered Address
hitchin boys' school, grammar school walk, hitchin, SG5 1JB
Industry
Other education n.e.c.
Telephone
01462687333
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
-0%
hitchin boys' school Estimated Valuation
Pomanda estimates the enterprise value of HITCHIN BOYS' SCHOOL at £7.4m based on a Turnover of £9.7m and 0.76x industry multiple (adjusted for size and gross margin).
hitchin boys' school Estimated Valuation
Pomanda estimates the enterprise value of HITCHIN BOYS' SCHOOL at £1.1m based on an EBITDA of £259.3k and a 4.06x industry multiple (adjusted for size and gross margin).
hitchin boys' school Estimated Valuation
Pomanda estimates the enterprise value of HITCHIN BOYS' SCHOOL at £36.7m based on Net Assets of £22.2m and 1.66x industry multiple (adjusted for liquidity).
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Hitchin Boys' School Overview
Hitchin Boys' School is a live company located in hitchin, SG5 1JB with a Companies House number of 08286295. It operates in the other education n.e.c. sector, SIC Code 85590. Founded in November 2012, it's largest shareholder is unknown. Hitchin Boys' School is a established, mid sized company, Pomanda has estimated its turnover at £9.7m with healthy growth in recent years.
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Hitchin Boys' School Health Check
Pomanda's financial health check has awarded Hitchin Boys' School a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
4 Weak
Size
annual sales of £9.7m, make it larger than the average company (£610.7k)
£9.7m - Hitchin Boys' School
£610.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (5%)
12% - Hitchin Boys' School
5% - Industry AVG
Production
with a gross margin of 54.3%, this company has a comparable cost of product (54.3%)
54.3% - Hitchin Boys' School
54.3% - Industry AVG
Profitability
an operating margin of -4.5% make it less profitable than the average company (5.6%)
-4.5% - Hitchin Boys' School
5.6% - Industry AVG
Employees
with 149 employees, this is above the industry average (18)
149 - Hitchin Boys' School
18 - Industry AVG
Pay Structure
on an average salary of £45k, the company has a higher pay structure (£29.7k)
£45k - Hitchin Boys' School
£29.7k - Industry AVG
Efficiency
resulting in sales per employee of £65.2k, this is more efficient (£50.2k)
£65.2k - Hitchin Boys' School
£50.2k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (15 days)
0 days - Hitchin Boys' School
15 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (23 days)
8 days - Hitchin Boys' School
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hitchin Boys' School
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 73 weeks, this is less cash available to meet short term requirements (113 weeks)
73 weeks - Hitchin Boys' School
113 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.7%, this is a lower level of debt than the average (20.2%)
5.7% - Hitchin Boys' School
20.2% - Industry AVG
hitchin boys' school Credit Report and Business Information
Hitchin Boys' School Competitor Analysis
Perform a competitor analysis for hitchin boys' school by selecting its closest rivals and benchmarking them against 12 key performance metrics.
hitchin boys' school Ownership
HITCHIN BOYS' SCHOOL group structure
Hitchin Boys' School has no subsidiary companies.
Ultimate parent company
HITCHIN BOYS' SCHOOL
08286295
hitchin boys' school directors
Hitchin Boys' School currently has 20 directors. The longest serving directors include Mr Michael Taylor (Jan 2013) and Mr John Turney (Jan 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Taylor | 86 years | Jan 2013 | - | Director | |
| Mr John Turney | United Kingdom | 55 years | Jan 2013 | - | Director |
| Mr Richard Thake | United Kingdom | 81 years | Feb 2013 | - | Director |
| Dr Helen Corkill | 70 years | Apr 2014 | - | Director | |
| Mr Philip Laws | 60 years | Feb 2016 | - | Director | |
| Mr Philip Addison | 65 years | Feb 2017 | - | Director | |
| Mr Bhagwant Singh | 62 years | Mar 2019 | - | Director | |
| Mrs Janet Radley | 50 years | Mar 2019 | - | Director | |
| Mr Kris Whitmore | 49 years | Mar 2020 | - | Director | |
| Mr Neil Broughton | 62 years | Mar 2020 | - | Director |
HITCHIN BOYS' SCHOOL financials
Hitchin Boys' School's latest turnover from August 2023 is £9.7 million and the company has net assets of £22.2 million. According to their latest financial statements, Hitchin Boys' School has 149 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,722,238 | 8,487,280 | 7,310,077 | 7,011,884 | 9,089,775 | 10,096,164 | 7,850,201 | 6,648,829 | 6,007,520 | 6,159,884 | 4,243,363 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 70,000 | 64,000 | 59,000 | 31,000 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,522 | 32,000 | 22,000 | 9,000 |
| Pre-Tax Profit | -394,153 | -633,053 | -735,266 | -653,017 | 1,940,232 | 3,207,943 | 1,380,645 | 373,827 | 16,184 | 317,401 | 329,782 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -394,153 | -633,053 | -735,266 | -653,017 | 1,940,232 | 3,207,943 | 1,380,645 | 373,827 | 16,184 | 317,401 | 329,782 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -394,153 | -633,053 | -735,266 | -653,017 | 1,940,232 | 3,207,943 | 1,380,645 | 373,827 | 16,184 | 317,401 | 329,782 |
| Employee Costs | 6,711,510 | 6,488,169 | 5,902,732 | 5,410,135 | 4,918,693 | 4,764,265 | 4,562,344 | 4,498,330 | 4,173,382 | 4,057,221 | 2,182,030 |
| Number Of Employees | 149 | 150 | 145 | 162 | 165 | 125 | 125 | 96 | 96 | 97 | 90 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 21,736,840 | 21,983,625 | 22,544,291 | 22,905,206 | 22,877,885 | 18,300,757 | 16,066,268 | 15,335,425 | 15,041,715 | 15,076,931 | 223,035 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 21,736,840 | 21,983,625 | 22,544,291 | 22,905,206 | 22,877,885 | 18,300,757 | 16,066,268 | 15,335,425 | 15,041,715 | 15,076,931 | 223,035 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 554 | 26,929 | 13,870 | 5,109 | 22,465 | 4,939 | 28,292 | 8,205 | 1,711 | 60 | 130 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 312,041 | 630,443 | 363,751 | 276,054 | 740,691 | 379,410 | 515,054 | 127,387 | 165,866 | 124,461 | 203,236 |
| Cash | 1,453,045 | 1,287,248 | 1,135,956 | 840,020 | 1,029,787 | 3,657,908 | 2,327,264 | 1,824,988 | 1,443,252 | 1,262,070 | 1,334,765 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,765,640 | 1,944,620 | 1,513,577 | 1,121,183 | 1,792,943 | 4,042,257 | 2,870,610 | 1,960,580 | 1,610,829 | 1,386,591 | 1,538,131 |
| total assets | 23,502,480 | 23,928,245 | 24,057,868 | 24,026,389 | 24,670,828 | 22,343,014 | 18,936,878 | 17,296,005 | 16,652,544 | 16,463,522 | 1,761,166 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 105,599 | 79,675 | 210,421 | 125,746 | 444,700 | 166,793 | 108,992 | 216,499 | 79,066 | 49,703 | 179,101 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 38,770 | 23,785 | 23,785 | 10,434 | 10,435 | 10,435 | 3,703 | 816 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 879,880 | 966,169 | 878,708 | 611,675 | 504,707 | 540,596 | 598,804 | 397,069 | 371,111 | 277,636 | 417,283 |
| total current liabilities | 1,024,249 | 1,069,629 | 1,112,914 | 747,855 | 959,842 | 717,824 | 711,499 | 614,384 | 450,177 | 327,339 | 596,384 |
| loans | 172,512 | 215,744 | 156,029 | 37,343 | 47,778 | 58,214 | 38,346 | 12,233 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 313,512 | 624,744 | 2,883,029 | 1,838,343 | 1,688,778 | 993,214 | 1,069,346 | 1,548,233 | 928,000 | 866,000 | 894,000 |
| total liabilities | 1,337,761 | 1,694,373 | 3,995,943 | 2,586,198 | 2,648,620 | 1,711,038 | 1,780,845 | 2,162,617 | 1,378,177 | 1,193,339 | 1,490,384 |
| net assets | 22,164,719 | 22,233,872 | 20,061,925 | 21,440,191 | 22,022,208 | 20,631,976 | 17,156,033 | 15,133,388 | 15,274,367 | 15,270,183 | 270,782 |
| total shareholders funds | 22,164,719 | 22,233,872 | 20,061,925 | 21,440,191 | 22,022,208 | 20,631,976 | 17,156,033 | 15,133,388 | 15,274,367 | 15,270,183 | 270,782 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 697,204 | 674,146 | 658,624 | 708,034 | 223,825 | 111,570 | 109,022 | 145,877 | 130,250 | 36,074 | 11,417 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -344,777 | 279,751 | 96,458 | -481,993 | 378,807 | -158,997 | 407,754 | -31,985 | 43,056 | -78,845 | 203,366 |
| Creditors | 25,924 | -130,746 | 84,675 | -318,954 | 277,907 | 57,801 | -107,507 | 137,433 | 29,363 | -129,398 | 179,101 |
| Accruals and Deferred Income | -86,289 | 87,461 | 267,033 | 106,968 | -35,889 | -58,208 | 201,735 | 25,958 | 93,475 | -139,647 | 417,283 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 1,444,022 | 446,258 | 66,503 | -72,336 | -269,011 | -93,915 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 1,444,022 | 446,258 | 66,503 | -72,336 | -269,011 | -93,915 |
| Financing Activities | |||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 14,985 | 0 | 13,351 | -1 | 0 | 6,732 | 2,887 | 816 | 0 | 0 | 0 |
| Long term loans | -43,232 | 59,715 | 118,686 | -10,435 | -10,436 | 19,868 | 26,113 | 12,233 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | -61,478 | -32,000 | -37,000 | -22,000 | ||
| cash flow from financing | 296,753 | 2,864,715 | -510,963 | 60,564 | -560,436 | -563,235 | -44,000 | 14,645,000 | -81,000 | ||
| cash and cash equivalents | |||||||||||
| cash | 165,797 | 151,292 | 295,936 | -189,767 | -2,628,121 | 1,330,644 | 502,276 | 381,736 | 181,182 | -72,695 | 1,334,765 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 165,797 | 151,292 | 295,936 | -189,767 | -2,628,121 | 1,330,644 | 502,276 | 381,736 | 181,182 | -72,695 | 1,334,765 |
P&L
August 2023turnover
9.7m
+15%
operating profit
-437.9k
0%
gross margin
54.3%
-2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
22.2m
0%
total assets
23.5m
-0.02%
cash
1.5m
+0.13%
net assets
Total assets minus all liabilities
Similar Companies
hitchin boys' school company details
company number
08286295
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85590 - Other education n.e.c.
incorporation date
November 2012
age
12
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
hitchin boys' school, grammar school walk, hitchin, SG5 1JB
last accounts submitted
August 2023
hitchin boys' school 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 hitchin boys' school.
hitchin boys' school Companies House Filings - See Documents
| date | description | view/download |
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