hfs developments 2 limited
hfs developments 2 limited Company Information
Company Number
10286958
Website
-Registered Address
2nd floor 100 new oxford street, london, WC1A 1HB
Industry
Development of building projects
Buying and selling of own real estate
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
stanhope plc 50%
mayor & the burgesses of the london borough of hammersmith fulham 50%
hfs developments 2 limited Estimated Valuation
Pomanda estimates the enterprise value of HFS DEVELOPMENTS 2 LIMITED at £58.8k based on a Turnover of £64.5k and 0.91x industry multiple (adjusted for size and gross margin).
hfs developments 2 limited Estimated Valuation
Pomanda estimates the enterprise value of HFS DEVELOPMENTS 2 LIMITED at £0 based on an EBITDA of £-9k and a 2.96x industry multiple (adjusted for size and gross margin).
hfs developments 2 limited Estimated Valuation
Pomanda estimates the enterprise value of HFS DEVELOPMENTS 2 LIMITED at £0 based on Net Assets of £-2.6m and 1.35x industry multiple (adjusted for liquidity).
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Hfs Developments 2 Limited AI Business Plan
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Hfs Developments 2 Limited Overview
Hfs Developments 2 Limited is a live company located in london, WC1A 1HB with a Companies House number of 10286958. It operates in the development of building projects sector, SIC Code 41100. Founded in July 2016, it's largest shareholder is stanhope plc with a 50% stake. Hfs Developments 2 Limited is a young, micro sized company, Pomanda has estimated its turnover at £64.5k with declining growth in recent years.
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Hfs Developments 2 Limited Health Check
Pomanda's financial health check has awarded Hfs Developments 2 Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
8 Weak
Size
annual sales of £64.5k, make it smaller than the average company (£1.5m)
£64.5k - Hfs Developments 2 Limited
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -44%, show it is growing at a slower rate (2%)
-44% - Hfs Developments 2 Limited
2% - Industry AVG
Production
with a gross margin of 17.1%, this company has a higher cost of product (46.1%)
17.1% - Hfs Developments 2 Limited
46.1% - Industry AVG
Profitability
an operating margin of -13.9% make it less profitable than the average company (22.5%)
-13.9% - Hfs Developments 2 Limited
22.5% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (5)
4 - Hfs Developments 2 Limited
5 - Industry AVG
Pay Structure
on an average salary of £42.2k, the company has an equivalent pay structure (£42.2k)
- Hfs Developments 2 Limited
£42.2k - Industry AVG
Efficiency
resulting in sales per employee of £16.1k, this is less efficient (£239.5k)
£16.1k - Hfs Developments 2 Limited
£239.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Hfs Developments 2 Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (31 days)
19 days - Hfs Developments 2 Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Hfs Developments 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - Hfs Developments 2 Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10274.3%, this is a higher level of debt than the average (68.8%)
10274.3% - Hfs Developments 2 Limited
68.8% - Industry AVG
hfs developments 2 limited Credit Report and Business Information
Hfs Developments 2 Limited Competitor Analysis
Perform a competitor analysis for hfs developments 2 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
hfs developments 2 limited Ownership
HFS DEVELOPMENTS 2 LIMITED group structure
Hfs Developments 2 Limited has no subsidiary companies.
Ultimate parent company
HFS DEVELOPMENTS 2 LIMITED
10286958
hfs developments 2 limited directors
Hfs Developments 2 Limited currently has 4 directors. The longest serving directors include Jonathan Trout (Jul 2016) and Professor Andrew Jones (Jul 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Jonathan Trout | United Kingdom | 47 years | Jul 2016 | - | Director |
| Professor Andrew Jones | United Kingdom | 50 years | Jul 2016 | - | Director |
| Mr Ronald German | England | 70 years | Apr 2017 | - | Director |
| Dr Rowan Ree | United Kingdom | 35 years | Feb 2024 | - | Director |
HFS DEVELOPMENTS 2 LIMITED financials
Hfs Developments 2 Limited's latest turnover from March 2023 is £64.5 thousand and the company has net assets of -£2.6 million. According to their latest financial statements, Hfs Developments 2 Limited has 4 employees and maintains cash reserves of £22.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 64,547 | 648,374 | 1,971,769 | 372,600 | 90,027 | 418,070 | 1,464,983 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 53,512 | 538,752 | 1,908,438 | 309,752 | 405,599 | 1,388,889 | 1,811,463 |
| Gross Profit | 11,035 | 109,622 | 63,331 | 62,848 | -315,572 | -970,819 | -346,480 |
| Admin Expenses | 19,994 | 16,520 | 16,411 | 25,800 | 25,022 | 21,984 | 8,977 |
| Operating Profit | -8,959 | 93,102 | 46,920 | 37,048 | -340,594 | -992,803 | -355,457 |
| Interest Payable | 165,021 | 220,380 | 201,801 | 155,906 | 113,810 | 233,488 | 34,333 |
| Interest Receivable | 155 | 5 | 115 | 66 | 72 | 155 | 2 |
| Pre-Tax Profit | -173,825 | -127,273 | -154,766 | -118,792 | -454,332 | -1,226,136 | -389,788 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -173,825 | -127,273 | -154,766 | -118,792 | -454,332 | -1,226,136 | -389,788 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -173,825 | -127,273 | -154,766 | -118,792 | -454,332 | -1,226,136 | -389,788 |
| Employee Costs | |||||||
| Number Of Employees | 4 | 4 | 6 | 6 | 6 | 6 | 6 |
| EBITDA* | -8,959 | 93,102 | 46,920 | 40,034 | -331,208 | -990,818 | -355,457 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 2,461 | 7,719 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 2,461 | 7,719 | 0 |
| Stock & work in progress | 0 | 0 | 24,533 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 2 | 0 | 30,792 | 84,033 | 391,468 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 3,706 | 274,047 | 68,318 | 342,167 | 27,122 | 11,510 | 53,127 |
| Cash | 22,290 | 85,547 | 32,232 | 34,785 | 24,548 | 25,380 | 262 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 25,996 | 359,594 | 125,085 | 376,952 | 82,462 | 120,923 | 444,857 |
| total assets | 25,996 | 359,594 | 125,085 | 376,952 | 84,923 | 128,642 | 444,857 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,899 | 3,345 | 22,662 | 324,243 | 94,985 | 76,161 | 383,384 |
| Group/Directors Accounts | 2,651,813 | 2,809,927 | 2,412,088 | 2,236,295 | 1,905,921 | 1,613,850 | 361,528 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 16,194 | 17,407 | 34,147 | 5,460 | 154,271 | 54,553 | 89,731 |
| total current liabilities | 2,670,906 | 2,830,679 | 2,468,897 | 2,565,998 | 2,155,177 | 1,744,564 | 834,643 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,670,906 | 2,830,679 | 2,468,897 | 2,565,998 | 2,155,177 | 1,744,564 | 834,643 |
| net assets | -2,644,910 | -2,471,085 | -2,343,812 | -2,189,046 | -2,070,254 | -1,615,922 | -389,786 |
| total shareholders funds | -2,644,910 | -2,471,085 | -2,343,812 | -2,189,046 | -2,070,254 | -1,615,922 | -389,786 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -8,959 | 93,102 | 46,920 | 37,048 | -340,594 | -992,803 | -355,457 |
| Depreciation | 0 | 0 | 0 | 2,986 | 9,386 | 1,985 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | -24,533 | 24,533 | 0 | 0 | 0 | 0 |
| Debtors | -270,341 | 205,727 | -273,847 | 284,253 | -37,629 | -349,052 | 444,595 |
| Creditors | -446 | -19,317 | -301,581 | 229,258 | 18,824 | -307,223 | 383,384 |
| Accruals and Deferred Income | -1,213 | -16,740 | 28,687 | -148,811 | 99,718 | -35,178 | 89,731 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 259,723 | -124,149 | 23,340 | -163,772 | -175,037 | -984,167 | -326,937 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -158,114 | 397,839 | 175,793 | 330,374 | 292,071 | 1,252,322 | 361,528 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -164,866 | -220,375 | -201,686 | -155,840 | -113,738 | -233,333 | -34,331 |
| cash flow from financing | -322,980 | 177,464 | -25,893 | 174,534 | 178,333 | 1,018,989 | 327,199 |
| cash and cash equivalents | |||||||
| cash | -63,257 | 53,315 | -2,553 | 10,237 | -832 | 25,118 | 262 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -63,257 | 53,315 | -2,553 | 10,237 | -832 | 25,118 | 262 |
P&L
March 2023turnover
64.5k
-90%
operating profit
-9k
-110%
gross margin
17.1%
+1.12%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-2.6m
+0.07%
total assets
26k
-0.93%
cash
22.3k
-0.74%
net assets
Total assets minus all liabilities
Similar Companies
hfs developments 2 limited company details
company number
10286958
Type
Private limited with Share Capital
industry
41100 - Development of building projects
68100 - Buying and selling of own real estate
incorporation date
July 2016
age
8
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
2nd floor 100 new oxford street, london, WC1A 1HB
last accounts submitted
March 2023
hfs developments 2 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 hfs developments 2 limited.
hfs developments 2 limited Companies House Filings - See Documents
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