home repair network limited

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home repair network limited Company Information

Share HOME REPAIR NETWORK LIMITED

Company Number

10256205

Directors

Ian Hogarth

Taygun Tari

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Shareholders

tari ventures

ian hogarth

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Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

the new barn cleveland farm, claypole, NG23 5BA

home repair network limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of HOME REPAIR NETWORK LIMITED at £3.8m based on a Turnover of £6m and 0.64x industry multiple (adjusted for size and gross margin).

home repair network limited Estimated Valuation

£179.8k

Pomanda estimates the enterprise value of HOME REPAIR NETWORK LIMITED at £179.8k based on an EBITDA of £39.4k and a 4.57x industry multiple (adjusted for size and gross margin).

home repair network limited Estimated Valuation

£0

Pomanda estimates the enterprise value of HOME REPAIR NETWORK LIMITED at £0 based on Net Assets of £-65.5k and 2.3x industry multiple (adjusted for liquidity).

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Home Repair Network Limited Overview

Home Repair Network Limited is a live company located in claypole, NG23 5BA with a Companies House number of 10256205. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2016, it's largest shareholder is tari ventures with a 51.6% stake. Home Repair Network Limited is a young, mid sized company, Pomanda has estimated its turnover at £6m with rapid growth in recent years.

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Home Repair Network Limited Health Check

Pomanda's financial health check has awarded Home Repair Network Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £6m, make it larger than the average company (£4.8m)

£6m - Home Repair Network Limited

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (6.7%)

42% - Home Repair Network Limited

6.7% - Industry AVG

production

Production

with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)

38.1% - Home Repair Network Limited

38.1% - Industry AVG

profitability

Profitability

an operating margin of 0.4% make it less profitable than the average company (5.7%)

0.4% - Home Repair Network Limited

5.7% - Industry AVG

employees

Employees

with 48 employees, this is above the industry average (27)

48 - Home Repair Network Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)

£53.9k - Home Repair Network Limited

£53.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £125k, this is less efficient (£171.5k)

£125k - Home Repair Network Limited

£171.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 35 days, this is near the average (42 days)

35 days - Home Repair Network Limited

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 69 days, this is slower than average (32 days)

69 days - Home Repair Network Limited

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Home Repair Network Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (22 weeks)

8 weeks - Home Repair Network Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 106%, this is a higher level of debt than the average (62.5%)

106% - Home Repair Network Limited

62.5% - Industry AVG

HOME REPAIR NETWORK LIMITED financials

EXPORTms excel logo

Home Repair Network Limited's latest turnover from December 2023 is estimated at £6 million and the company has net assets of -£65.5 thousand. According to their latest financial statements, Home Repair Network Limited has 48 employees and maintains cash reserves of £155.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Turnover5,999,7914,854,7493,618,3162,094,9291,835,119842,357257,462412,116
Other Income Or Grants
Cost Of Sales3,715,5772,998,7052,268,3151,319,5241,147,696529,755160,901255,737
Gross Profit2,284,2141,856,0441,350,001775,405687,423312,60296,561156,379
Admin Expenses2,260,3361,809,1621,334,226602,290881,731213,118290,510210,378
Operating Profit23,87846,88215,775173,115-194,30899,484-193,949-53,999
Interest Payable3,36313,05315,17013,4496,597
Interest Receivable11,3965,82617456103
Pre-Tax Profit31,91239,654779159,722-200,80399,484-193,949-53,999
Tax-7,978-7,534-148-30,347-18,902
Profit After Tax23,93432,120631129,375-200,80380,582-193,949-53,999
Dividends Paid
Retained Profit23,93432,120631129,375-200,80380,582-193,949-53,999
Employee Costs2,586,9172,413,6381,807,7141,067,358827,212265,64983,892125,736
Number Of Employees4847372318623
EBITDA*39,35461,57825,220180,247-188,80899,484-193,949-53,999

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Tangible Assets31,65344,43832,45523,07015,18412,8838,4216,234
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets31,65344,43832,45523,07015,18412,8838,4216,234
Stock & work in progress
Trade Debtors577,589437,168304,353178,836129,688124,52330,19283,626
Group Debtors
Misc Debtors326,608161,151350,855108,20387,884
Cash155,381278,77154,11585,08727,400
misc current assets14,644884
total current assets1,059,578877,090709,323372,126244,972139,16731,07683,626
total assets1,091,231921,528741,778395,196260,156152,05039,49789,860
Bank overdraft10,1409,8909,6466,667
Bank loan
Trade Creditors 712,405540,342493,434222,442289,57393,91341,8663,106
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities223,887240,290155,54675,07052,274
total current liabilities946,432790,522658,626304,179341,84793,91341,8663,106
loans14,80624,947230,315238,811195,478
hp & lease commitments
Accruals and Deferred Income
other liabilities195,478195,478225,503245,579140,753
provisions
total long term liabilities210,284220,425230,315238,811195,478225,503245,579140,753
total liabilities1,156,7161,010,947888,941542,990537,325319,416287,445143,859
net assets-65,485-89,419-147,163-147,794-277,169-167,366-247,948-53,999
total shareholders funds-65,485-89,419-147,163-147,794-277,169-167,366-247,948-53,999
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016
Operating Activities
Operating Profit23,87846,88215,775173,115-194,30899,484-193,949-53,999
Depreciation15,47614,6969,4457,1325,500
Amortisation
Tax-7,978-7,534-148-30,347-18,902
Stock
Debtors305,878-56,889368,16969,46793,04994,331-53,43483,626
Creditors172,06346,908270,992-67,131195,66052,04738,7603,106
Accruals and Deferred Income-16,40384,74480,47622,79652,274
Deferred Taxes & Provisions
Cash flow from operations-118,842242,5858,37136,098-33,92338,298-101,755-134,519
Investing Activities
capital expenditure-2,691-26,679-18,830-15,018-7,801-4,462-2,187-6,234
Change in Investments
cash flow from investments-2,691-26,679-18,830-15,018-7,801-4,462-2,187-6,234
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-10,141-205,368-8,49643,333195,478
Hire Purchase and Lease Commitments
other long term liabilities195,478-225,503-20,076104,826140,753
share issue25,62491,000
interest8,033-7,227-14,996-13,393-6,494
cash flow from financing-2,1088,507-23,49229,94054,481-20,076104,826140,753
cash and cash equivalents
cash-123,390224,656-30,97257,68727,400
overdraft2502442,9796,667
change in cash-123,640224,412-33,95151,02027,400

home repair network limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Home Repair Network Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for home repair network limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in NG23 area or any other competitors across 12 key performance metrics.

home repair network limited Ownership

HOME REPAIR NETWORK LIMITED group structure

Home Repair Network Limited has no subsidiary companies.

Ultimate parent company

HOME REPAIR NETWORK LIMITED

10256205

HOME REPAIR NETWORK LIMITED Shareholders

tari ventures 51.56%
ian hogarth 40.44%
katherine draycott 2%
andrew osborne 2%
sean murphy 2%
david lavender 1%
samantha holland 1%

home repair network limited directors

Home Repair Network Limited currently has 6 directors. The longest serving directors include Mr Ian Hogarth (Jun 2016) and Mr Taygun Tari (Dec 2018).

officercountryagestartendrole
Mr Ian HogarthEngland59 years Jun 2016- Director
Mr Taygun TariEngland50 years Dec 2018- Director
Mr Tolga TariEngland52 years Dec 2018- Director
Mr Sean MurphyEngland50 years Jul 2023- Director
Mr Andrew OsborneEngland47 years Jul 2023- Director
Mrs Katherine DraycottEngland45 years Jul 2023- Director

P&L

December 2023

turnover

6m

+24%

operating profit

23.9k

0%

gross margin

38.1%

-0.42%

turnover

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

Balance Sheet

December 2023

net assets

-65.5k

-0.27%

total assets

1.1m

+0.18%

cash

155.4k

-0.44%

net assets

Total assets minus all liabilities

home repair network limited company details

company number

10256205

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

June 2016

age

9

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

treth 123 limited (July 2016)

accountant

-

auditor

-

address

the new barn cleveland farm, claypole, NG23 5BA

Bank

-

Legal Advisor

-

home repair network 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 home repair network limited.

home repair network limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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home repair network limited Companies House Filings - See Documents

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