hicp limited
hicp limited Company Information
Company Number
09450061
Website
-Registered Address
st james house, 3rd floor, south wing, romford, essex, RM1 3NH
Industry
Hotels and similar accommodation
Telephone
-
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
hin jb limited 100%
hicp limited Estimated Valuation
Pomanda estimates the enterprise value of HICP LIMITED at £185m based on a Turnover of £81.5m and 2.27x industry multiple (adjusted for size and gross margin).
hicp limited Estimated Valuation
Pomanda estimates the enterprise value of HICP LIMITED at £87.1m based on an EBITDA of £9.3m and a 9.39x industry multiple (adjusted for size and gross margin).
hicp limited Estimated Valuation
Pomanda estimates the enterprise value of HICP LIMITED at £0 based on Net Assets of £-54m and 1.96x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Hicp Limited Overview
Hicp Limited is a live company located in romford, RM1 3NH with a Companies House number of 09450061. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in February 2015, it's largest shareholder is hin jb limited with a 100% stake. Hicp Limited is a young, large sized company, Pomanda has estimated its turnover at £81.5m with rapid growth in recent years.
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Hicp Limited Health Check
Pomanda's financial health check has awarded Hicp Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £81.5m, make it larger than the average company (£5.5m)
£81.5m - Hicp Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 50%, show it is growing at a faster rate (24.4%)
50% - Hicp Limited
24.4% - Industry AVG
Production
with a gross margin of 53.6%, this company has a comparable cost of product (65.3%)
53.6% - Hicp Limited
65.3% - Industry AVG
Profitability
an operating margin of 5.1% make it less profitable than the average company (8.4%)
5.1% - Hicp Limited
8.4% - Industry AVG
Employees
with 870 employees, this is above the industry average (88)
870 - Hicp Limited
88 - Industry AVG
Pay Structure
on an average salary of £24.8k, the company has an equivalent pay structure (£23.5k)
£24.8k - Hicp Limited
£23.5k - Industry AVG
Efficiency
resulting in sales per employee of £93.6k, this is more efficient (£68.3k)
£93.6k - Hicp Limited
£68.3k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is later than average (6 days)
9 days - Hicp Limited
6 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is quicker than average (45 days)
27 days - Hicp Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (8 days)
4 days - Hicp Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (6 weeks)
2 weeks - Hicp Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 140.8%, this is a higher level of debt than the average (74.6%)
140.8% - Hicp Limited
74.6% - Industry AVG
HICP LIMITED financials
Hicp Limited's latest turnover from March 2024 is £81.5 million and the company has net assets of -£54 million. According to their latest financial statements, Hicp Limited has 870 employees and maintains cash reserves of £4.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 81,451,000 | 74,598,000 | 55,936,000 | 23,973,000 | 70,691,000 | 81,809,000 | 79,322,000 | 81,110,000 | 75,883,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 37,831,000 | 34,993,000 | 27,664,000 | 14,405,000 | 29,297,000 | 33,077,000 | 31,753,000 | 32,743,000 | 30,425,000 |
| Gross Profit | 43,620,000 | 39,605,000 | 28,272,000 | 9,568,000 | 41,394,000 | 48,732,000 | 47,569,000 | 48,367,000 | 45,458,000 |
| Admin Expenses | 39,431,000 | 41,544,000 | 37,611,000 | 27,713,000 | 41,367,000 | 56,503,000 | 50,443,000 | 41,127,000 | 36,759,000 |
| Operating Profit | 4,189,000 | -1,939,000 | -9,339,000 | -18,145,000 | 27,000 | -7,771,000 | -2,874,000 | 7,240,000 | 8,699,000 |
| Interest Payable | 8,144,000 | 6,458,000 | 6,234,000 | 6,856,000 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 74,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | -3,881,000 | -8,397,000 | -15,573,000 | -25,001,000 | -7,018,000 | -8,399,000 | -3,045,000 | 7,240,000 | 8,699,000 |
| Tax | 0 | 0 | 0 | -245,000 | 0 | 95,000 | 526,000 | -895,000 | 0 |
| Profit After Tax | -3,881,000 | -8,397,000 | -15,573,000 | -25,246,000 | -7,018,000 | -8,304,000 | -2,519,000 | 6,345,000 | 8,699,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,196,000 |
| Retained Profit | -3,881,000 | -8,397,000 | -15,573,000 | -25,246,000 | -7,018,000 | -8,304,000 | -2,519,000 | 6,345,000 | 7,503,000 |
| Employee Costs | 21,569,000 | 25,191,000 | 15,992,000 | 14,471,000 | 20,446,000 | 20,947,000 | 20,511,000 | 21,221,000 | 20,751,000 |
| Number Of Employees | 870 | 840 | 807 | 842 | 1,232 | 1,290 | 1,277 | 1,414 | 1,340 |
| EBITDA* | 9,274,000 | 12,603,000 | 4,785,000 | -11,565,000 | 5,555,000 | -2,105,000 | -171,000 | 8,443,000 | 8,974,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 24,316,000 | 17,837,000 | 10,346,000 | 136,311,000 | 149,804,000 | 21,898,000 | 20,302,000 | 6,739,000 | 2,464,000 |
| Intangible Assets | 98,287,000 | 95,085,000 | 98,495,000 | 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 | 122,603,000 | 112,922,000 | 108,841,000 | 136,311,000 | 149,804,000 | 21,898,000 | 20,302,000 | 6,739,000 | 2,464,000 |
| Stock & work in progress | 423,000 | 450,000 | 414,000 | 108,000 | 219,000 | 216,000 | 238,000 | 235,000 | 250,000 |
| Trade Debtors | 2,078,000 | 2,392,000 | 2,094,000 | 1,410,000 | 2,973,000 | 2,431,000 | 2,271,000 | 2,069,000 | 1,741,000 |
| Group Debtors | 460,000 | 692,000 | 1,017,000 | 200,000 | 0 | 0 | 4,823,000 | 5,807,000 | 2,000 |
| Misc Debtors | 1,935,000 | 2,832,000 | 2,897,000 | 879,000 | 2,065,000 | 0 | 784,000 | 833,000 | 1,442,000 |
| Cash | 4,784,000 | 3,871,000 | 4,491,000 | 1,938,000 | 3,915,000 | 8,287,000 | 12,032,000 | 9,592,000 | 13,013,000 |
| misc current assets | 0 | 0 | 0 | 0 | 617,000 | 637,000 | 2,585,000 | 365,000 | 215,000 |
| total current assets | 9,680,000 | 10,237,000 | 10,913,000 | 5,152,000 | 9,789,000 | 12,108,000 | 22,733,000 | 18,901,000 | 16,663,000 |
| total assets | 132,283,000 | 123,159,000 | 119,754,000 | 141,463,000 | 159,593,000 | 34,006,000 | 43,035,000 | 25,640,000 | 19,127,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 244,000 | 1,732,000 | 3,459,000 | 706,000 | 266,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,815,000 | 404,000 | 3,293,000 | 2,259,000 | 2,852,000 | 1,760,000 | 3,218,000 | 2,460,000 | 1,504,000 |
| Group/Directors Accounts | 21,353,000 | 21,353,000 | 21,353,000 | 21,353,000 | 17,722,000 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 842,000 | 0 | 0 | 0 |
| hp & lease commitments | 7,713,000 | 6,490,000 | 5,924,000 | 11,133,000 | 10,915,000 | 0 | 0 | 0 | 0 |
| other current liabilities | 52,194,000 | 48,095,000 | 31,615,000 | 17,060,000 | 8,013,000 | 0 | 8,162,000 | 8,626,000 | 9,854,000 |
| total current liabilities | 84,075,000 | 76,342,000 | 62,185,000 | 51,805,000 | 39,746,000 | 14,357,000 | 14,839,000 | 11,792,000 | 11,624,000 |
| loans | 204,390,000 | 193,846,000 | 198,556,000 | 237,702,000 | 247,588,000 | 0 | 16,867,000 | 0 | 0 |
| hp & lease commitments | 102,195,000 | 96,923,000 | 99,278,000 | 118,851,000 | 123,794,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 102,195,000 | 96,923,000 | 99,278,000 | 118,851,000 | 123,794,000 | 16,624,000 | 16,867,000 | 0 | 0 |
| total liabilities | 186,270,000 | 173,265,000 | 161,463,000 | 170,656,000 | 163,540,000 | 30,981,000 | 31,706,000 | 11,792,000 | 11,624,000 |
| net assets | -53,987,000 | -50,106,000 | -41,709,000 | -29,193,000 | -3,947,000 | 3,025,000 | 11,329,000 | 13,848,000 | 7,503,000 |
| total shareholders funds | -53,987,000 | -50,106,000 | -41,709,000 | -29,193,000 | -3,947,000 | 3,025,000 | 11,329,000 | 13,848,000 | 7,503,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 4,189,000 | -1,939,000 | -9,339,000 | -18,145,000 | 27,000 | -7,771,000 | -2,874,000 | 7,240,000 | 8,699,000 |
| Depreciation | 5,085,000 | 14,542,000 | 14,124,000 | 6,580,000 | 5,528,000 | 5,666,000 | 2,703,000 | 1,203,000 | 275,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 | -245,000 | 0 | 95,000 | 526,000 | -895,000 | 0 |
| Stock | -27,000 | 36,000 | 306,000 | -111,000 | 3,000 | -22,000 | 3,000 | -15,000 | 250,000 |
| Debtors | -1,443,000 | -92,000 | 3,519,000 | -2,549,000 | 2,607,000 | -5,447,000 | -831,000 | 5,524,000 | 3,185,000 |
| Creditors | 2,411,000 | -2,889,000 | 1,034,000 | -593,000 | 1,092,000 | -1,458,000 | 758,000 | 956,000 | 1,504,000 |
| Accruals and Deferred Income | 4,099,000 | 16,480,000 | 14,555,000 | 9,047,000 | 8,013,000 | -8,162,000 | -464,000 | -1,228,000 | 9,854,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 17,254,000 | 26,250,000 | 16,549,000 | -696,000 | 12,050,000 | 1,477,000 | 1,767,000 | 16,897,000 | |
| 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 | 0 | 0 | 0 | 3,631,000 | 17,722,000 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -842,000 | 842,000 | 0 | 0 | 0 |
| Long term loans | 10,544,000 | -4,710,000 | -39,146,000 | -9,886,000 | 247,588,000 | -16,867,000 | 16,867,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | 6,495,000 | -1,789,000 | -24,782,000 | -4,725,000 | 134,709,000 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -8,070,000 | -6,458,000 | -6,234,000 | -6,856,000 | 0 | 0 | 0 | 0 | |
| cash flow from financing | 8,969,000 | -12,957,000 | -67,105,000 | -17,836,000 | 399,223,000 | 16,867,000 | 0 | 0 | |
| cash and cash equivalents | |||||||||
| cash | 913,000 | -620,000 | 2,553,000 | -1,977,000 | -4,372,000 | -3,745,000 | 2,440,000 | -3,421,000 | 13,013,000 |
| overdraft | 0 | 0 | 0 | -244,000 | -1,488,000 | -1,727,000 | 2,753,000 | 440,000 | 266,000 |
| change in cash | 913,000 | -620,000 | 2,553,000 | -1,733,000 | -2,884,000 | -2,018,000 | -313,000 | -3,861,000 | 12,747,000 |
hicp limited Credit Report and Business Information
Hicp Limited Competitor Analysis
Perform a competitor analysis for hicp limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other large companies, companies in RM1 area or any other competitors across 12 key performance metrics.
hicp limited Ownership
HICP LIMITED group structure
Hicp Limited has 1 subsidiary company.
Ultimate parent company
HIN JB LTD
#0092082
1 parent
HICP LIMITED
09450061
1 subsidiary
hicp limited directors
Hicp Limited currently has 5 directors. The longest serving directors include Mr Gerardus Schipper (Mar 2016) and Mr Jonathan Braidley (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gerardus Schipper | Netherlands | 59 years | Mar 2016 | - | Director |
| Mr Jonathan Braidley | England | 59 years | May 2021 | - | Director |
| Mr Christopher Kula | United Kingdom | 41 years | May 2021 | - | Director |
| Bhriz Holloway | Luxembourg | 35 years | May 2021 | - | Director |
| Bhriz Holloway | Luxembourg | 35 years | May 2021 | - | Director |
P&L
March 2024turnover
81.5m
+9%
operating profit
4.2m
-316%
gross margin
53.6%
+0.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-54m
+0.08%
total assets
132.3m
+0.07%
cash
4.8m
+0.24%
net assets
Total assets minus all liabilities
hicp limited company details
company number
09450061
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
February 2015
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
KPMG
address
st james house, 3rd floor, south wing, romford, essex, RM1 3NH
Bank
-
Legal Advisor
-
hicp 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 found 12 charges/mortgages relating to hicp limited. Currently there are 8 open charges and 4 have been satisfied in the past.
hicp limited Companies House Filings - See Documents
| date | description | view/download |
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