hofer powertrain products uk ltd.
hofer powertrain products uk ltd. Company Information
Company Number
10338183
Website
www.hofer-powertrain.co.ukRegistered Address
unit 1 connexion, central boulevard, solihull, west midlands, B90 8AW
Industry
Manufacture of other parts and accessories for motor vehicles
Telephone
-
Next Accounts Due
33 days late
Group Structure
View All
Shareholders
elringklinger ag 53%
hofer powertrain international gmbh 47%
hofer powertrain products uk ltd. Estimated Valuation
Pomanda estimates the enterprise value of HOFER POWERTRAIN PRODUCTS UK LTD. at £6.2m based on a Turnover of £16.6m and 0.37x industry multiple (adjusted for size and gross margin).
hofer powertrain products uk ltd. Estimated Valuation
Pomanda estimates the enterprise value of HOFER POWERTRAIN PRODUCTS UK LTD. at £5.7m based on an EBITDA of £1.6m and a 3.64x industry multiple (adjusted for size and gross margin).
hofer powertrain products uk ltd. Estimated Valuation
Pomanda estimates the enterprise value of HOFER POWERTRAIN PRODUCTS UK LTD. at £0 based on Net Assets of £-9.5m and 1.86x industry multiple (adjusted for liquidity).
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Hofer Powertrain Products Uk Ltd. Overview
Hofer Powertrain Products Uk Ltd. is a live company located in solihull, B90 8AW with a Companies House number of 10338183. It operates in the manufacture of other parts and accessories for motor vehicles sector, SIC Code 29320. Founded in August 2016, it's largest shareholder is elringklinger ag with a 53% stake. Hofer Powertrain Products Uk Ltd. is a young, mid sized company, Pomanda has estimated its turnover at £16.6m with rapid growth in recent years.
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Hofer Powertrain Products Uk Ltd. Health Check
Pomanda's financial health check has awarded Hofer Powertrain Products Uk Ltd. a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £16.6m, make it smaller than the average company (£21.9m)
£16.6m - Hofer Powertrain Products Uk Ltd.
£21.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 118%, show it is growing at a faster rate (-2.8%)
118% - Hofer Powertrain Products Uk Ltd.
-2.8% - Industry AVG
Production
with a gross margin of 22.3%, this company has a comparable cost of product (19.8%)
22.3% - Hofer Powertrain Products Uk Ltd.
19.8% - Industry AVG
Profitability
an operating margin of 7.9% make it more profitable than the average company (3.3%)
7.9% - Hofer Powertrain Products Uk Ltd.
3.3% - Industry AVG
Employees
with 45 employees, this is below the industry average (122)
45 - Hofer Powertrain Products Uk Ltd.
122 - Industry AVG
Pay Structure
on an average salary of £49.6k, the company has a higher pay structure (£40k)
£49.6k - Hofer Powertrain Products Uk Ltd.
£40k - Industry AVG
Efficiency
resulting in sales per employee of £368.4k, this is more efficient (£167.1k)
£368.4k - Hofer Powertrain Products Uk Ltd.
£167.1k - Industry AVG
Debtor Days
it gets paid by customers after 80 days, this is later than average (52 days)
80 days - Hofer Powertrain Products Uk Ltd.
52 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Hofer Powertrain Products Uk Ltd.
- - Industry AVG
Stock Days
it holds stock equivalent to 87 days, this is more than average (63 days)
87 days - Hofer Powertrain Products Uk Ltd.
63 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 38 weeks, this is more cash available to meet short term requirements (9 weeks)
38 weeks - Hofer Powertrain Products Uk Ltd.
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 153.8%, this is a higher level of debt than the average (58.7%)
153.8% - Hofer Powertrain Products Uk Ltd.
58.7% - Industry AVG
HOFER POWERTRAIN PRODUCTS UK LTD. financials
Hofer Powertrain Products Uk Ltd.'s latest turnover from December 2022 is £16.6 million and the company has net assets of -£9.5 million. According to their latest financial statements, Hofer Powertrain Products Uk Ltd. has 45 employees and maintains cash reserves of £2.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 16,577,304 | 21,882,608 | 1,837,678 | 1,610,646 | 959,660 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 12,881,970 | 24,436,178 | 4,203,084 | 3,693,351 | 1,122,669 | 321,288 |
| Gross Profit | 3,695,334 | -2,553,570 | -2,365,406 | -2,082,705 | -163,009 | -321,288 |
| Admin Expenses | 2,388,438 | -62,714 | 765,294 | 325,215 | 418,958 | 120,825 |
| Operating Profit | 1,306,896 | -2,490,856 | -3,130,700 | -2,407,920 | -581,967 | -442,113 |
| Interest Payable | 570,876 | 329,334 | 381,627 | 408,483 | 30,131 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 736,020 | -2,820,190 | -3,512,327 | -2,816,403 | -612,098 | -442,113 |
| Tax | 5,830 | 4,960 | 1,063 | -166,174 | 98,565 | 67,609 |
| Profit After Tax | 741,850 | -2,815,230 | -3,511,264 | -2,982,577 | -513,533 | -374,504 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 741,850 | -2,815,230 | -3,511,264 | -2,982,577 | -513,533 | -374,504 |
| Employee Costs | 2,232,435 | 1,985,647 | 1,922,841 | 1,566,830 | 958,844 | 153,366 |
| Number Of Employees | 45 | 47 | 33 | 29 | 19 | 11 |
| EBITDA* | 1,576,942 | -1,872,063 | -2,511,908 | -1,953,135 | -574,299 | -442,113 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 7,977,277 | 9,110,109 | 13,149,626 | 9,875,296 | 2,710,885 | 67,609 |
| Intangible Assets | 17,064 | 7,480 | 12,205 | 16,929 | 21,653 | 0 |
| Investments & Other | 0 | 0 | 0 | 2,570,155 | 0 | 0 |
| Debtors (Due After 1 year) | 1,831,092 | 2,441,457 | 3,051,821 | 0 | 0 | 0 |
| Total Fixed Assets | 7,994,341 | 9,117,589 | 10,110,010 | 9,892,225 | 2,732,538 | 67,609 |
| Stock & work in progress | 3,082,184 | 7,664,622 | 13,179,401 | 11,157,979 | 4,333,225 | 0 |
| Trade Debtors | 3,638,387 | 5,553,769 | 5,622,581 | 2,651,085 | 2,728,862 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 153,983 | 438,423 | 374,890 | 24,220 | 0 | 38,743 |
| Cash | 2,720,570 | 535,175 | 2,236,639 | 216,838 | 164,515 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 161,427 | 0 |
| total current assets | 9,595,124 | 14,196,949 | 21,414,574 | 14,483,963 | 7,388,029 | 38,743 |
| total assets | 17,589,465 | 23,314,538 | 31,524,584 | 24,376,188 | 10,120,567 | 106,352 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,652,778 | 7,852,496 | 13,171,999 | 4,917,949 | 2,786,708 | 480,756 |
| total current liabilities | 3,652,778 | 7,852,496 | 13,171,999 | 4,917,949 | 2,786,708 | 480,756 |
| loans | 19,717,309 | 21,686,582 | 21,459,217 | 18,835,419 | 8,221,796 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 3,674,536 | 3,972,468 | 4,275,146 | 4,493,334 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 23,391,845 | 25,659,050 | 25,734,363 | 23,328,753 | 8,221,796 | 0 |
| total liabilities | 27,044,623 | 33,511,546 | 38,906,362 | 28,246,702 | 11,008,504 | 480,756 |
| net assets | -9,455,158 | -10,197,008 | -7,381,778 | -3,870,514 | -887,937 | -374,404 |
| total shareholders funds | -9,455,158 | -10,197,008 | -7,381,778 | -3,870,514 | -887,937 | -374,404 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 1,306,896 | -2,490,856 | -3,130,700 | -2,407,920 | -581,967 | -442,113 |
| Depreciation | 262,561 | 614,068 | 614,068 | 450,061 | 5,699 | 0 |
| Amortisation | 7,485 | 4,725 | 4,724 | 4,724 | 1,969 | 0 |
| Tax | 5,830 | 4,960 | 1,063 | -166,174 | 98,565 | 67,609 |
| Stock | -4,582,438 | -5,514,779 | 2,021,422 | 6,824,754 | 4,333,225 | 0 |
| Debtors | -2,810,187 | -615,643 | 6,373,987 | -53,557 | 2,690,119 | 38,743 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -4,199,718 | -5,319,503 | 8,254,050 | 2,131,241 | 2,305,952 | 480,756 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 4,775,679 | -1,056,184 | -2,652,204 | -6,759,265 | -5,193,126 | 67,509 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | -2,570,155 | 2,570,155 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -1,969,273 | 227,365 | 2,623,798 | 10,613,623 | 8,221,796 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -297,932 | -302,678 | -218,188 | 4,493,334 | 0 | 0 |
| share issue | ||||||
| interest | -570,876 | -329,334 | -381,627 | -408,483 | -30,131 | 0 |
| cash flow from financing | -2,838,081 | -404,647 | 2,023,983 | 14,698,474 | 8,191,665 | 100 |
| cash and cash equivalents | ||||||
| cash | 2,185,395 | -1,701,464 | 2,019,801 | 52,323 | 164,515 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,185,395 | -1,701,464 | 2,019,801 | 52,323 | 164,515 | 0 |
hofer powertrain products uk ltd. Credit Report and Business Information
Hofer Powertrain Products Uk Ltd. Competitor Analysis
Perform a competitor analysis for hofer powertrain products uk ltd. by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in B90 area or any other competitors across 12 key performance metrics.
hofer powertrain products uk ltd. Ownership
HOFER POWERTRAIN PRODUCTS UK LTD. group structure
Hofer Powertrain Products Uk Ltd. has no subsidiary companies.
Ultimate parent company
ELRINGKLINGER AG
#0013900
1 parent
HOFER POWERTRAIN PRODUCTS UK LTD.
10338183
hofer powertrain products uk ltd. directors
Hofer Powertrain Products Uk Ltd. currently has 2 directors. The longest serving directors include Mr Sven Eurich (Jun 2020) and Mr Neil Howlett (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sven Eurich | England | 51 years | Jun 2020 | - | Director |
| Mr Neil Howlett | England | 57 years | Oct 2021 | - | Director |
P&L
December 2022turnover
16.6m
-24%
operating profit
1.3m
-152%
gross margin
22.3%
-291.03%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-9.5m
-0.07%
total assets
17.6m
-0.25%
cash
2.7m
+4.08%
net assets
Total assets minus all liabilities
hofer powertrain products uk ltd. company details
company number
10338183
Type
Private limited with Share Capital
industry
29320 - Manufacture of other parts and accessories for motor vehicles
incorporation date
August 2016
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
BAINES JEWITT LIMITED
address
unit 1 connexion, central boulevard, solihull, west midlands, B90 8AW
Bank
-
Legal Advisor
-
hofer powertrain products uk ltd. 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 hofer powertrain products uk ltd..
hofer powertrain products uk ltd. Companies House Filings - See Documents
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