Hmo Ne Ltd

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hmo ne ltd Company Information

Live

EstablishedMidRapid

Company Number

08527229

Website

www.harp.org

Registered Address

hallgate house 9 grange terrace, sunderland, SR2 7DF

Industry

Other accommodation

Telephone

Next Accounts Due

January 2025

Group Structure

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Directors

Robert McCone11 Years

Karen Rodgers11 Years

View All

Shareholders

forevercare group limited 100%

hmo ne ltd Estimated Valuation

£11m

Pomanda estimates the enterprise value of HMO NE LTD at £11m based on a Turnover of £9.2m and 1.19x industry multiple (adjusted for size and gross margin).

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Hmo Ne Ltd is a live company located in sunderland, SR2 7DF with a Companies House number of 08527229. It operates in the other accommodation sector, SIC Code 55900. Founded in May 2013, it's largest shareholder is forevercare group limited with a 100% stake. Hmo Ne Ltd is a established, mid sized company, Pomanda has estimated its turnover at £9.2m with rapid growth in recent years.

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Pomanda's financial health check has awarded Hmo Ne Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £9.2m, make it larger than the average company (£819.8k)

Growth

3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (4.2%)

EXPORT

Hmo Ne Ltd's latest turnover from April 2023 is estimated at £9.2 million and the company has net assets of £2.7 million. According to their latest financial statements, Hmo Ne Ltd has 140 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014
Turnover	9,179,549	8,418,021	4,284,346	2,815,762	3,369,032	3,289,423	762,802	520,000	256,722	216,291
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,141,028	4,764,841	2,567,897	1,625,822	1,885,811	1,693,923	366,828	220,632	104,503	92,863
Gross Profit	5,038,521	3,653,179	1,716,448	1,189,939	1,483,221	1,595,500	395,975	299,368	152,219	123,428
Admin Expenses	3,306,599	3,271,935	1,308,484	797,242	1,300,696	1,243,394	231,569	153,766	154,511	174,283
Operating Profit	1,731,922	381,244	407,964	392,697	182,525	352,106	164,406	145,602	-2,292	-50,855
Interest Payable	166,617	91,269	57,712	17,622	0	0	0	0	0	0
Interest Receivable	44,481	5,867	585	427	2,823	1,420	386	202	21	12
Pre-Tax Profit	1,609,785	295,842	350,837	375,502	185,348	353,526	164,793	145,804	-2,271	-50,843
Tax	-402,446	-56,210	-66,659	-71,345	-35,216	-67,170	-31,311	-29,161	0	0
Profit After Tax	1,207,339	239,632	284,178	304,157	150,132	286,356	133,482	116,643	-2,271	-50,843
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,207,339	239,632	284,178	304,157	150,132	286,356	133,482	116,643	-2,271	-50,843
Employee Costs	3,346,927	2,712,630	1,319,327	1,301,309	1,245,088	972,186	293,959	163,740	149,482	126,462
Number Of Employees	140	120	59	59	56	47	14	8	7	6
EBITDA*	1,779,922	444,585	494,691	410,076	198,059	365,105	174,721	155,252	-433	-50,855

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014
Tangible Assets	3,770,628	2,812,338	2,581,664	1,336,696	126,858	107,031	91,686	83,580	7,808	8,697
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	3,770,628	2,812,338	2,581,664	1,336,696	126,858	107,031	91,686	83,580	7,808	8,697
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	757,802	703,844	224,407	104,487	172,959	192,207	36,057	44,409	8,595	0
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	621,823	2,882	0	0	7,000	0	0	0	0	0
Cash	1,262,017	831,191	733,244	436,926	416,751	336,161	231,741	77,398	3,323	4,948
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	2,641,642	1,537,917	957,651	541,413	596,710	528,368	267,798	121,807	11,918	4,948
total assets	6,412,270	4,350,255	3,539,315	1,878,109	723,568	635,399	359,484	205,387	19,726	13,645
Bank overdraft	166,800	63,069	33,552	32,775	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	44,889	22,350	0	0	0	0	0	200	72,838	64,486
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	9,092	9,343	9,742	9,742	0	0	0	0	0	0
other current liabilities	1,740,000	1,387,253	937,143	296,399	68,502	134,805	146,884	125,099	0	0
total current liabilities	1,960,781	1,482,015	980,437	338,916	68,502	134,805	146,884	125,299	72,838	64,486
loans	1,694,443	1,326,758	1,280,891	544,986	0	0	0	0	0	0
hp & lease commitments	13,300	13,049	16,186	16,584	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	74,939	66,965	39,965	39,965	21,565	17,225	15,587	16,557	0	0
total long term liabilities	1,782,682	1,406,772	1,337,042	601,535	21,565	17,225	15,587	16,557	0	0
total liabilities	3,743,463	2,888,787	2,317,479	940,451	90,067	152,030	162,471	141,856	72,838	64,486
net assets	2,668,807	1,461,468	1,221,836	937,658	633,501	483,369	197,013	63,531	-53,112	-50,841
total shareholders funds	2,668,807	1,461,468	1,221,836	937,658	633,501	483,369	197,013	63,531	-53,112	-50,841

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014
Operating Activities
Operating Profit	1,731,922	381,244	407,964	392,697	182,525	352,106	164,406	145,602	-2,292	-50,855
Depreciation	48,000	63,341	86,727	17,379	15,534	12,999	10,315	9,650	1,859	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-402,446	-56,210	-66,659	-71,345	-35,216	-67,170	-31,311	-29,161	0	0
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	672,899	482,319	119,920	-75,472	-12,248	156,150	-8,352	35,814	8,595	0
Creditors	22,539	22,350	0	0	0	0	-200	-72,638	8,352	64,486
Accruals and Deferred Income	352,747	450,110	640,744	227,897	-66,303	-12,079	21,785	125,099	0	0
Deferred Taxes & Provisions	7,974	27,000	0	18,400	4,340	1,638	-970	16,557	0	0
Cash flow from operations	1,087,837	405,516	948,856	660,500	113,128	131,344	172,377	159,295	-676	13,631
Investing Activities
capital expenditure	-1,006,290	-294,015	-1,331,695	-1,227,217	-35,361	-28,344	-18,421	-85,422	-970	-8,697
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,006,290	-294,015	-1,331,695	-1,227,217	-35,361	-28,344	-18,421	-85,422	-970	-8,697
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	367,685	45,867	735,905	544,986	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-3,536	-398	26,326	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	2
interest	-122,136	-85,402	-57,127	-17,195	2,823	1,420	386	202	21	12
cash flow from financing	245,549	-43,071	678,380	554,117	2,823	1,420	386	202	21	14
cash and cash equivalents
cash	430,826	97,947	296,318	20,175	80,590	104,420	154,343	74,075	-1,625	4,948
overdraft	103,731	29,517	777	32,775	0	0	0	0	0	0
change in cash	327,095	68,430	295,541	-12,600	80,590	104,420	154,343	74,075	-1,625	4,948

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HMO NE LTD group structure

Hmo Ne Ltd has no subsidiary companies.

Ultimate parent company

FOREVERCARE GROUP LIMITED

14014937

1 parent

HMO NE LTD

08527229

HMO NE LTD Shareholders

forevercare group limited

100%

Hmo Ne Ltd currently has 4 directors. The longest serving directors include Mr Robert McCone (May 2013) and Mrs Karen Rodgers (May 2013).

officer	country	age	start	end	role
Mr Robert McCone	England	56 years	May 2013	-	Director
Mrs Karen Rodgers	England	65 years	May 2013	-	Director
Mr Neville Rodgers	United Kingdom	59 years	Jan 2022	-	Director
Mrs Angela Riddell	England	44 years	Apr 2024	-	Director

P&L

April 2023

turnover

9.2m

+9%

operating profit

1.7m

gross margin

54.9%

+26.48%

turnover

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

Balance Sheet

April 2023

net assets

2.7m

+0.83%

total assets

6.4m

+0.47%

cash

1.3m

+0.52%

net assets

Total assets minus all liabilities

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company number

08527229

Type

Private limited with Share Capital

industry

55900 - Other accommodation

incorporation date

May 2013

ultimate parent company

FOREVERCARE GROUP LIMITED

previous names

N/A

address

hallgate house 9 grange terrace, sunderland, SR2 7DF

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 found 14 charges/mortgages relating to hmo ne ltd. Currently there are 2 open charges and 12 have been satisfied in the past.

hmo ne ltd Company Information

hmo ne ltd Estimated Valuation

hmo ne ltd Estimated Valuation

hmo ne ltd Estimated Valuation

Hmo Ne Ltd Overview

Hmo Ne Ltd Health Check

HMO NE LTD financials

hmo ne ltd Credit Report and Business Information

Hmo Ne Ltd Competitor Analysis

hmo ne ltd Ownership

hmo ne ltd directors

hmo ne ltd company details

hmo ne ltd Charges & Mortgages

hmo ne ltd Companies House Filings - See Documents