harmony energy 2 limited
harmony energy 2 limited Company Information
Company Number
10348316
Next Accounts
Sep 2025
Shareholders
sedgwick wind 6 ltd
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
1350-1360 montpellier court, brockworth, gloucester, GL3 4AH
Website
www.harmonyenergy.co.ukharmony energy 2 limited Estimated Valuation
Pomanda estimates the enterprise value of HARMONY ENERGY 2 LIMITED at £95k based on a Turnover of £127.5k and 0.74x industry multiple (adjusted for size and gross margin).
harmony energy 2 limited Estimated Valuation
Pomanda estimates the enterprise value of HARMONY ENERGY 2 LIMITED at £302.7k based on an EBITDA of £68.2k and a 4.43x industry multiple (adjusted for size and gross margin).
harmony energy 2 limited Estimated Valuation
Pomanda estimates the enterprise value of HARMONY ENERGY 2 LIMITED at £107.4k based on Net Assets of £44.5k and 2.41x industry multiple (adjusted for liquidity).
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Harmony Energy 2 Limited Overview
Harmony Energy 2 Limited is a live company located in gloucester, GL3 4AH with a Companies House number of 10348316. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in August 2016, it's largest shareholder is sedgwick wind 6 ltd with a 100% stake. Harmony Energy 2 Limited is a young, micro sized company, Pomanda has estimated its turnover at £127.5k with declining growth in recent years.
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Harmony Energy 2 Limited Health Check
Pomanda's financial health check has awarded Harmony Energy 2 Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 9 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
9 Weak
Size
annual sales of £127.5k, make it smaller than the average company (£1.2m)
- Harmony Energy 2 Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (7.9%)
- Harmony Energy 2 Limited
7.9% - Industry AVG
Production
with a gross margin of 41.7%, this company has a comparable cost of product (41.7%)
- Harmony Energy 2 Limited
41.7% - Industry AVG
Profitability
an operating margin of -4.5% make it less profitable than the average company (6.3%)
- Harmony Energy 2 Limited
6.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (15)
- Harmony Energy 2 Limited
15 - Industry AVG
Pay Structure
on an average salary of £34.5k, the company has an equivalent pay structure (£34.5k)
- Harmony Energy 2 Limited
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £63.8k, this is less efficient (£104.2k)
- Harmony Energy 2 Limited
£104.2k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is later than average (31 days)
- Harmony Energy 2 Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (40 days)
- Harmony Energy 2 Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Harmony Energy 2 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (38 weeks)
2 weeks - Harmony Energy 2 Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.7%, this is a higher level of debt than the average (48.1%)
96.7% - Harmony Energy 2 Limited
48.1% - Industry AVG
HARMONY ENERGY 2 LIMITED financials
Harmony Energy 2 Limited's latest turnover from December 2023 is estimated at £127.5 thousand and the company has net assets of £44.5 thousand. According to their latest financial statements, we estimate that Harmony Energy 2 Limited has 2 employees and maintains cash reserves of £70.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | |||||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | |||||||
| Tax | |||||||
| Profit After Tax | |||||||
| Dividends Paid | |||||||
| Retained Profit | |||||||
| Employee Costs | |||||||
| Number Of Employees | 2 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 940,279 | 1,014,334 | 1,088,389 | 1,163,262 | 1,237,317 | 1,389,572 | 1,468,227 |
| Intangible Assets | |||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 940,279 | 1,014,334 | 1,088,389 | 1,163,262 | 1,237,317 | 1,389,572 | 1,468,227 |
| Stock & work in progress | |||||||
| Trade Debtors | 16,036 | 4,251 | 41,429 | 14,193 | 136,419 | 8,166 | |
| Group Debtors | 224,781 | 232,422 | 233,158 | 233,925 | |||
| Misc Debtors | 95,501 | 115,235 | 96,827 | 86,891 | 246,147 | 62,484 | |
| Cash | 70,461 | 277,856 | 201,162 | 91,553 | 42,903 | 17,409 | 5,616 |
| misc current assets | |||||||
| total current assets | 406,779 | 625,513 | 535,398 | 453,798 | 303,243 | 153,828 | 76,266 |
| total assets | 1,347,058 | 1,639,847 | 1,623,787 | 1,617,060 | 1,540,560 | 1,543,400 | 1,544,493 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 5,472 | 15,674 | 17,859 | 20,381 | 7,883 | 1,556,812 | 1,085 |
| Group/Directors Accounts | 1,232,328 | 1,512,328 | 1,533,372 | 1,548,984 | 1,551,701 | 1,551,909 | |
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 27,880 | 32,052 | 42,347 | 33,771 | 2,526 | ||
| total current liabilities | 1,265,680 | 1,560,054 | 1,593,578 | 1,603,136 | 1,559,584 | 1,556,812 | 1,555,520 |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | 36,846 | 37,763 | 25,367 | 16,185 | |||
| total long term liabilities | 36,846 | 37,763 | 25,367 | 16,185 | |||
| total liabilities | 1,302,526 | 1,597,817 | 1,618,945 | 1,619,321 | 1,559,584 | 1,556,812 | 1,555,520 |
| net assets | 44,532 | 42,030 | 4,842 | -2,261 | -19,024 | -13,412 | -11,027 |
| total shareholders funds | 44,532 | 42,030 | 4,842 | -2,261 | -19,024 | -13,412 | -11,027 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 74,055 | 74,055 | 74,873 | 74,055 | 78,655 | 78,655 | 104,873 |
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | -11,339 | 13,421 | -28,009 | 101,905 | 123,921 | 65,769 | 70,650 |
| Creditors | -10,202 | -2,185 | -2,522 | 12,498 | -1,548,929 | 1,555,727 | 1,085 |
| Accruals and Deferred Income | -4,172 | -10,295 | 8,576 | 33,771 | -2,526 | 2,526 | |
| Deferred Taxes & Provisions | -917 | 12,396 | 9,182 | 16,185 | |||
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | -280,000 | -21,044 | -15,612 | -2,717 | 1,551,701 | -1,551,909 | 1,551,909 |
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -207,395 | 76,694 | 109,609 | 48,650 | 25,494 | 11,793 | 5,616 |
| overdraft | |||||||
| change in cash | -207,395 | 76,694 | 109,609 | 48,650 | 25,494 | 11,793 | 5,616 |
harmony energy 2 limited Credit Report and Business Information
Harmony Energy 2 Limited Competitor Analysis
Perform a competitor analysis for harmony energy 2 limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in GL3 area or any other competitors across 12 key performance metrics.
harmony energy 2 limited Ownership
HARMONY ENERGY 2 LIMITED group structure
Harmony Energy 2 Limited has no subsidiary companies.
Ultimate parent company
2 parents
HARMONY ENERGY 2 LIMITED
10348316
harmony energy 2 limited directors
Harmony Energy 2 Limited currently has 3 directors. The longest serving directors include Mr Richard Simmonds (Dec 2019) and Mr Richard Cook (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Simmonds | England | 45 years | Dec 2019 | - | Director |
| Mr Richard Cook | England | 47 years | Dec 2019 | - | Director |
| Mr Nimesh Kamath | England | 49 years | Apr 2021 | - | Director |
P&L
December 2023turnover
127.5k
+66%
operating profit
-5.8k
0%
gross margin
41.8%
+0.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
44.5k
+0.06%
total assets
1.3m
-0.18%
cash
70.5k
-0.75%
net assets
Total assets minus all liabilities
harmony energy 2 limited company details
company number
10348316
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
August 2016
age
9
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
JOHNSTON CARMICHAEL LLP
auditor
-
address
1350-1360 montpellier court, brockworth, gloucester, GL3 4AH
Bank
-
Legal Advisor
-
harmony energy 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 harmony energy 2 limited.
harmony energy 2 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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harmony energy 2 limited Companies House Filings - See Documents
| date | description | view/download |
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