hutch drives limited
hutch drives limited Company Information
Company Number
10052205
Website
http://www.hutch.ioRegistered Address
44-46 scrutton street, london, EC2A 4HH
Industry
Ready-made interactive leisure and entertainment software development
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
hutch games limited 100%
hutch drives limited Estimated Valuation
Pomanda estimates the enterprise value of HUTCH DRIVES LIMITED at £50.4m based on a Turnover of £28.2m and 1.79x industry multiple (adjusted for size and gross margin).
hutch drives limited Estimated Valuation
Pomanda estimates the enterprise value of HUTCH DRIVES LIMITED at £0 based on an EBITDA of £-947.5k and a 11.14x industry multiple (adjusted for size and gross margin).
hutch drives limited Estimated Valuation
Pomanda estimates the enterprise value of HUTCH DRIVES LIMITED at £3.2m based on Net Assets of £1.7m and 1.88x industry multiple (adjusted for liquidity).
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Hutch Drives Limited Overview
Hutch Drives Limited is a live company located in london, EC2A 4HH with a Companies House number of 10052205. It operates in the ready-made interactive leisure and entertainment software development sector, SIC Code 62011. Founded in March 2016, it's largest shareholder is hutch games limited with a 100% stake. Hutch Drives Limited is a young, large sized company, Pomanda has estimated its turnover at £28.2m with rapid growth in recent years.
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Hutch Drives Limited Health Check
Pomanda's financial health check has awarded Hutch Drives Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
1 Weak
Size
annual sales of £28.2m, make it larger than the average company (£8.2m)
£28.2m - Hutch Drives Limited
£8.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 86%, show it is growing at a faster rate (16.7%)
86% - Hutch Drives Limited
16.7% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (55.7%)
100% - Hutch Drives Limited
55.7% - Industry AVG
Profitability
an operating margin of -3.4% make it less profitable than the average company (4.1%)
-3.4% - Hutch Drives Limited
4.1% - Industry AVG
Employees
with 101 employees, this is above the industry average (49)
- Hutch Drives Limited
49 - Industry AVG
Pay Structure
on an average salary of £63.9k, the company has an equivalent pay structure (£63.9k)
- Hutch Drives Limited
£63.9k - Industry AVG
Efficiency
resulting in sales per employee of £278.9k, this is more efficient (£155.8k)
- Hutch Drives Limited
£155.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Hutch Drives Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Hutch Drives Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hutch Drives Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Hutch Drives Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.8%, this is a lower level of debt than the average (47.6%)
30.8% - Hutch Drives Limited
47.6% - Industry AVG
HUTCH DRIVES LIMITED financials
Hutch Drives Limited's latest turnover from December 2023 is £28.2 million and the company has net assets of £1.7 million. According to their latest financial statements, we estimate that Hutch Drives Limited has 101 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 28,170,822 | 30,325,505 | 24,742,836 | 4,391,292 | 16,949,422 | 8,551,515 | 5,502,498 | 1,781,236 | 754,269 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Gross Profit | 28,170,822 | 30,325,505 | 24,742,836 | 4,391,292 | 16,949,422 | 8,551,515 | 5,502,498 | 1,781,236 | |
| Admin Expenses | 29,118,333 | 32,529,644 | 26,609,624 | 4,706,264 | 18,183,881 | 9,202,516 | 5,939,048 | 1,928,447 | |
| Operating Profit | -947,511 | -2,204,139 | -1,866,788 | -314,972 | -1,234,459 | -651,001 | -436,550 | -147,211 | 0 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -947,511 | -2,204,139 | -1,866,788 | -314,972 | -1,234,459 | -651,001 | -436,550 | -147,211 | 0 |
| Tax | 2,421,908 | 2,567,646 | 1,704,180 | 417,786 | 1,476,171 | 987,653 | 527,186 | 334,778 | 132,372 |
| Profit After Tax | 1,474,397 | 363,507 | -162,608 | 102,814 | 241,712 | 336,652 | 90,636 | 187,567 | 132,372 |
| Dividends Paid | 0 | 0 | 344,526 | 0 | 336,652 | 90,636 | 187,567 | 132,372 | 0 |
| Retained Profit | 1,474,397 | 363,507 | -507,134 | 102,814 | -94,940 | 246,016 | -96,931 | 55,195 | 132,372 |
| Employee Costs | |||||||||
| Number Of Employees | |||||||||
| EBITDA* | -947,511 | -2,204,139 | -1,866,788 | -314,972 | -1,234,459 | -651,001 | -436,550 | -147,211 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,421,908 | 2,567,646 | 1,704,180 | 1,893,957 | 1,476,171 | 987,653 | 527,186 | 334,778 | 132,372 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,421,908 | 2,567,646 | 1,704,180 | 1,893,957 | 1,476,171 | 987,653 | 527,186 | 334,778 | 132,372 |
| total assets | 2,421,908 | 2,567,646 | 1,704,180 | 1,893,957 | 1,476,171 | 987,653 | 527,186 | 334,778 | 132,372 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 746,612 | 2,366,747 | 1,866,788 | 1,549,431 | 1,234,459 | 651,001 | 436,550 | 147,211 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 746,612 | 2,366,747 | 1,866,788 | 1,549,431 | 1,234,459 | 651,001 | 436,550 | 147,211 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 746,612 | 2,366,747 | 1,866,788 | 1,549,431 | 1,234,459 | 651,001 | 436,550 | 147,211 | 0 |
| net assets | 1,675,296 | 200,899 | -162,608 | 344,526 | 241,712 | 336,652 | 90,636 | 187,567 | 132,372 |
| total shareholders funds | 1,675,296 | 200,899 | -162,608 | 344,526 | 241,712 | 336,652 | 90,636 | 187,567 | 132,372 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -947,511 | -2,204,139 | -1,866,788 | -314,972 | -1,234,459 | -651,001 | -436,550 | -147,211 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 2,421,908 | 2,567,646 | 1,704,180 | 417,786 | 1,476,171 | 987,653 | 527,186 | 334,778 | 132,372 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -145,738 | 863,466 | -189,777 | 906,304 | 488,518 | 460,467 | 192,408 | 202,406 | 132,372 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,620,135 | -499,959 | 27,169 | -803,490 | -246,806 | -123,815 | -101,772 | -14,839 | 0 |
| Investing Activities | |||||||||
| capital expenditure | 0 | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | ||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,620,135 | 499,959 | 317,357 | 898,430 | 583,458 | 214,451 | 289,339 | 147,211 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -1,620,135 | 499,959 | 317,357 | 803,490 | 583,458 | 214,451 | 289,339 | 147,211 | 0 |
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hutch drives limited Credit Report and Business Information
Hutch Drives Limited Competitor Analysis
Perform a competitor analysis for hutch drives limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in EC2A area or any other competitors across 12 key performance metrics.
hutch drives limited Ownership
HUTCH DRIVES LIMITED group structure
Hutch Drives Limited has no subsidiary companies.
Ultimate parent company
MTG GAMING AB
#0132062
2 parents
HUTCH DRIVES LIMITED
10052205
hutch drives limited directors
Hutch Drives Limited currently has 3 directors. The longest serving directors include Mr Shaun Rutland (Mar 2016) and Mr Peter Hansen-Chambers (Jan 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Shaun Rutland | United Kingdom | 49 years | Mar 2016 | - | Director |
| Mr Peter Hansen-Chambers | United Kingdom | 41 years | Jan 2019 | - | Director |
| Mr Jonathan Alpine | United Kingdom | 48 years | Jun 2024 | - | Director |
P&L
December 2023turnover
28.2m
-7%
operating profit
-947.5k
-57%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.7m
+7.34%
total assets
2.4m
-0.06%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
hutch drives limited company details
company number
10052205
Type
Private limited with Share Capital
industry
62011 - Ready-made interactive leisure and entertainment software development
incorporation date
March 2016
age
8
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
N/A
accountant
FROST WILTSHIRE LLP
auditor
-
address
44-46 scrutton street, london, EC2A 4HH
Bank
-
Legal Advisor
-
hutch drives 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 5 charges/mortgages relating to hutch drives limited. Currently there are 0 open charges and 5 have been satisfied in the past.
hutch drives limited Companies House Filings - See Documents
| date | description | view/download |
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