hit the north limited
hit the north limited Company Information
Company Number
09195801
Website
-Registered Address
group accounts office moth club, old trades hall, valette street, london, E9 6NU
Industry
Public houses and bars
Telephone
-
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
rose eight ltd 100%
hit the north limited Estimated Valuation
Pomanda estimates the enterprise value of HIT THE NORTH LIMITED at £980k based on a Turnover of £1.9m and 0.53x industry multiple (adjusted for size and gross margin).
hit the north limited Estimated Valuation
Pomanda estimates the enterprise value of HIT THE NORTH LIMITED at £222.1k based on an EBITDA of £56.7k and a 3.92x industry multiple (adjusted for size and gross margin).
hit the north limited Estimated Valuation
Pomanda estimates the enterprise value of HIT THE NORTH LIMITED at £41k based on Net Assets of £22.2k and 1.85x industry multiple (adjusted for liquidity).
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Hit The North Limited Overview
Hit The North Limited is a live company located in valette street, E9 6NU with a Companies House number of 09195801. It operates in the public houses and bars sector, SIC Code 56302. Founded in August 2014, it's largest shareholder is rose eight ltd with a 100% stake. Hit The North Limited is a established, small sized company, Pomanda has estimated its turnover at £1.9m with unknown growth in recent years.
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Hit The North Limited Health Check
Pomanda's financial health check has awarded Hit The North Limited a 3.5 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
5 Strong
2 Regular
4 Weak
Size
annual sales of £1.9m, make it larger than the average company (£461.6k)
- Hit The North Limited
£461.6k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Hit The North Limited
- - Industry AVG
Production
with a gross margin of 54.7%, this company has a comparable cost of product (54.7%)
- Hit The North Limited
54.7% - Industry AVG
Profitability
an operating margin of 0.8% make it less profitable than the average company (5.8%)
- Hit The North Limited
5.8% - Industry AVG
Employees
with 57 employees, this is above the industry average (11)
57 - Hit The North Limited
11 - Industry AVG
Pay Structure
on an average salary of £14.6k, the company has an equivalent pay structure (£14.6k)
- Hit The North Limited
£14.6k - Industry AVG
Efficiency
resulting in sales per employee of £32.6k, this is less efficient (£47k)
- Hit The North Limited
£47k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (9 days)
- Hit The North Limited
9 days - Industry AVG
Creditor Days
its suppliers are paid after 125 days, this is slower than average (48 days)
- Hit The North Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 24 days, this is more than average (15 days)
- Hit The North Limited
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is more cash available to meet short term requirements (14 weeks)
19 weeks - Hit The North Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.8%, this is a higher level of debt than the average (83.3%)
97.8% - Hit The North Limited
83.3% - Industry AVG
hit the north limited Credit Report and Business Information
Hit The North Limited Competitor Analysis
Perform a competitor analysis for hit the north limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
hit the north limited Ownership
HIT THE NORTH LIMITED group structure
Hit The North Limited has no subsidiary companies.
Ultimate parent company
2 parents
HIT THE NORTH LIMITED
09195801
hit the north limited directors
Hit The North Limited currently has 6 directors. The longest serving directors include Mr Paul Nicholas (Aug 2014) and Mr Michael Nicholas (Aug 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Nicholas | United Kingdom | 59 years | Aug 2014 | - | Director |
| Mr Michael Nicholas | United Kingdom | 55 years | Aug 2014 | - | Director |
| Mr Ashley Kollakowski | England | 48 years | Nov 2019 | - | Director |
| Mr Daniel Crouch | England | 56 years | Nov 2019 | - | Director |
| Mr Simon Stevens | United Kingdom | 43 years | Nov 2019 | - | Director |
| Mr Daniel Crouch | United Kingdom | 56 years | Nov 2019 | - | Director |
HIT THE NORTH LIMITED financials
Hit The North Limited's latest turnover from May 2023 is estimated at £1.9 million and the company has net assets of £22.2 thousand. According to their latest financial statements, Hit The North Limited has 57 employees and maintains cash reserves of £341.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 57 | 46 | 41 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 449,888 | 440,675 | 449,542 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 449,888 | 440,675 | 449,542 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 56,793 | 55,367 | 43,934 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 29,109 | 22,219 | 645 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 113,084 | 131,927 | 213,617 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 341,768 | 295,760 | 492,112 | 100 | 100 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 540,754 | 505,273 | 750,308 | 100 | 100 | 0 | 0 | 0 | 0 |
| total assets | 990,642 | 945,948 | 1,199,850 | 100 | 100 | 0 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 288,888 | 388,176 | 246,316 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 231,345 | 116,007 | 483,739 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 397,689 | 405,051 | 242,072 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 917,922 | 909,234 | 972,127 | 0 | 0 | 0 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 50,507 | 36,316 | 38,676 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 50,507 | 36,316 | 38,676 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 968,429 | 945,550 | 1,010,803 | 0 | 0 | 0 | 0 | 0 | 0 |
| net assets | 22,213 | 398 | 189,047 | 100 | 100 | 0 | 0 | 0 | 0 |
| total shareholders funds | 22,213 | 398 | 189,047 | 100 | 100 | 0 | 0 | 0 | 0 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 41,920 | 40,800 | 44,672 | 0 | 0 | ||||
| Amortisation | 0 | 0 | 0 | 0 | 0 | ||||
| Tax | |||||||||
| Stock | 1,426 | 11,433 | 43,934 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -11,953 | -60,116 | 214,262 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | -99,288 | 141,860 | 246,316 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -7,362 | 162,979 | 242,072 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 14,191 | -2,360 | 38,676 | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 115,338 | -367,732 | 483,739 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 46,008 | -196,352 | 492,012 | 0 | 100 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 46,008 | -196,352 | 492,012 | 0 | 100 | 0 | 0 | 0 | 0 |
P&L
May 2023turnover
1.9m
+67%
operating profit
14.7k
0%
gross margin
54.7%
-6.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
22.2k
+54.81%
total assets
990.6k
+0.05%
cash
341.8k
+0.16%
net assets
Total assets minus all liabilities
Similar Companies
hit the north limited company details
company number
09195801
Type
Private limited with Share Capital
industry
56302 - Public houses and bars
incorporation date
August 2014
age
10
accounts
Small Company
ultimate parent company
previous names
lily eight limited (December 2019)
incorporated
UK
address
group accounts office moth club, old trades hall, valette street, london, E9 6NU
last accounts submitted
May 2023
hit the north 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 hit the north limited.
hit the north limited Companies House Filings - See Documents
| date | description | view/download |
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