hindley circuits limited
hindley circuits limited Company Information
Company Number
10474049
Next Accounts
Jul 2025
Shareholders
richard whitehead
andrew lapping
View AllGroup Structure
View All
Industry
Manufacture of electronic components
Registered Address
unit 2b admiral business park, nelson park west, cramlington, northumberland, NE23 1WG
Website
www.hindleycircuits.co.ukhindley circuits limited Estimated Valuation
Pomanda estimates the enterprise value of HINDLEY CIRCUITS LIMITED at £10.7m based on a Turnover of £10.6m and 1x industry multiple (adjusted for size and gross margin).
hindley circuits limited Estimated Valuation
Pomanda estimates the enterprise value of HINDLEY CIRCUITS LIMITED at £9.1m based on an EBITDA of £1.6m and a 5.84x industry multiple (adjusted for size and gross margin).
hindley circuits limited Estimated Valuation
Pomanda estimates the enterprise value of HINDLEY CIRCUITS LIMITED at £4.2m based on Net Assets of £1.9m and 2.26x industry multiple (adjusted for liquidity).
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Hindley Circuits Limited Overview
Hindley Circuits Limited is a live company located in cramlington, NE23 1WG with a Companies House number of 10474049. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in November 2016, it's largest shareholder is richard whitehead with a 17.2% stake. Hindley Circuits Limited is a young, mid sized company, Pomanda has estimated its turnover at £10.6m with high growth in recent years.
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Hindley Circuits Limited Health Check
Pomanda's financial health check has awarded Hindley Circuits Limited a 4 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
4 Strong
4 Regular
4 Weak
Size
annual sales of £10.6m, make it smaller than the average company (£18.9m)
£10.6m - Hindley Circuits Limited
£18.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (7%)
- Hindley Circuits Limited
7% - Industry AVG
Production
with a gross margin of 29.6%, this company has a comparable cost of product (30.4%)
29.6% - Hindley Circuits Limited
30.4% - Industry AVG
Profitability
an operating margin of 11.9% make it more profitable than the average company (6.5%)
11.9% - Hindley Circuits Limited
6.5% - Industry AVG
Employees
with 57 employees, this is below the industry average (89)
57 - Hindley Circuits Limited
89 - Industry AVG
Pay Structure
on an average salary of £33k, the company has a lower pay structure (£47.7k)
£33k - Hindley Circuits Limited
£47.7k - Industry AVG
Efficiency
resulting in sales per employee of £186.7k, this is equally as efficient (£177.8k)
£186.7k - Hindley Circuits Limited
£177.8k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is near the average (51 days)
48 days - Hindley Circuits Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 54 days, this is slower than average (39 days)
54 days - Hindley Circuits Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 109 days, this is in line with average (96 days)
109 days - Hindley Circuits Limited
96 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (15 weeks)
5 weeks - Hindley Circuits Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 65.3%, this is a higher level of debt than the average (43.2%)
65.3% - Hindley Circuits Limited
43.2% - Industry AVG
HINDLEY CIRCUITS LIMITED financials
Hindley Circuits Limited's latest turnover from October 2023 is £10.6 million and the company has net assets of £1.9 million. According to their latest financial statements, Hindley Circuits Limited has 57 employees and maintains cash reserves of £298.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 10,642,349 | 6,805,889 | |||||
| Other Income Or Grants | 0 | 0 | |||||
| Cost Of Sales | 7,491,179 | 4,852,604 | |||||
| Gross Profit | 3,151,170 | 1,953,285 | |||||
| Admin Expenses | 1,887,202 | 1,679,972 | |||||
| Operating Profit | 1,263,968 | 273,313 | |||||
| Interest Payable | 136,290 | 23,484 | |||||
| Interest Receivable | 0 | 0 | |||||
| Pre-Tax Profit | 1,127,678 | 249,829 | |||||
| Tax | -262,370 | -35,565 | |||||
| Profit After Tax | 865,308 | 214,264 | |||||
| Dividends Paid | 320,000 | 200,000 | |||||
| Retained Profit | 545,308 | 14,264 | |||||
| Employee Costs | 1,878,718 | 1,545,484 | |||||
| Number Of Employees | 57 | 52 | 45 | 48 | 52 | 42 | 32 |
| EBITDA* | 1,557,860 | 501,222 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,374,812 | 1,195,530 | 973,407 | 596,682 | 633,305 | 655,719 | 424,373 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,379,812 | 1,200,530 | 978,407 | 601,682 | 638,305 | 660,719 | 424,373 |
| Stock & work in progress | 2,243,879 | 2,406,602 | 1,440,108 | 740,271 | 504,587 | 586,812 | 381,616 |
| Trade Debtors | 1,400,628 | 1,573,340 | 1,170,882 | 916,366 | 1,397,138 | 1,047,745 | 515,480 |
| Group Debtors | 0 | 21,694 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 60,342 | 90,112 | 64,453 | 93,251 | 128,922 | 70,014 | 28,952 |
| Cash | 298,516 | 626,461 | 56,766 | 143,148 | 54,817 | 151,982 | 32,711 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,003,365 | 4,718,209 | 2,732,209 | 1,893,036 | 2,085,464 | 1,856,553 | 958,759 |
| total assets | 5,383,177 | 5,918,739 | 3,710,616 | 2,494,718 | 2,723,769 | 2,517,272 | 1,383,132 |
| Bank overdraft | 778,920 | 1,061,137 | 108,477 | 712,965 | 1,014,920 | 905,958 | 309,346 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,117,285 | 1,635,841 | 1,067,850 | 415,558 | 722,354 | 658,578 | 151,035 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 87,257 | 80,509 | 3,183 | 39,678 | 0 | 0 | 0 |
| other current liabilities | 982,728 | 1,169,873 | 813,070 | 408,139 | 215,617 | 186,296 | 180,501 |
| total current liabilities | 2,966,190 | 3,947,360 | 1,992,580 | 1,576,340 | 1,952,891 | 1,750,832 | 640,882 |
| loans | 110,454 | 158,097 | 220,767 | 122,727 | 0 | 0 | 0 |
| hp & lease commitments | 195,658 | 283,000 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 16,816 | 0 | 0 | 0 | 40,661 |
| provisions | 242,449 | 209,790 | 174,225 | 48,128 | 37,157 | 35,705 | 29,708 |
| total long term liabilities | 548,561 | 650,887 | 411,808 | 170,855 | 37,157 | 35,705 | 70,369 |
| total liabilities | 3,514,751 | 4,598,247 | 2,404,388 | 1,747,195 | 1,990,048 | 1,786,537 | 711,251 |
| net assets | 1,868,426 | 1,320,492 | 1,306,228 | 747,523 | 733,721 | 730,735 | 671,881 |
| total shareholders funds | 1,868,426 | 1,320,492 | 1,306,228 | 747,523 | 733,721 | 730,735 | 671,881 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 1,263,968 | 273,313 | |||||
| Depreciation | 293,892 | 227,909 | 136,504 | 122,101 | 120,096 | 105,669 | 43,923 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -262,370 | -35,565 | |||||
| Stock | -162,723 | 966,494 | 699,837 | 235,684 | -82,225 | 205,196 | 381,616 |
| Debtors | -224,176 | 449,811 | 225,718 | -516,443 | 408,301 | 573,327 | 544,432 |
| Creditors | -518,556 | 567,991 | 652,292 | -306,796 | 63,776 | 507,543 | 151,035 |
| Accruals and Deferred Income | -187,145 | 356,803 | 404,931 | 192,522 | 29,321 | 5,795 | 180,501 |
| Deferred Taxes & Provisions | 32,659 | 35,565 | 126,097 | 10,971 | 1,452 | 5,997 | 29,708 |
| Cash flow from operations | 1,009,347 | 9,711 | |||||
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 5,000 | 0 |
| cash flow from investments | 0 | 0 | |||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -47,643 | -62,670 | 98,040 | 122,727 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -80,594 | 360,326 | -36,495 | 39,678 | 0 | 0 | 0 |
| other long term liabilities | 0 | -16,816 | 16,816 | 0 | 0 | -40,661 | 40,661 |
| share issue | |||||||
| interest | -136,290 | -23,484 | |||||
| cash flow from financing | -261,901 | 257,356 | |||||
| cash and cash equivalents | |||||||
| cash | -327,945 | 569,695 | -86,382 | 88,331 | -97,165 | 119,271 | 32,711 |
| overdraft | -282,217 | 952,660 | -604,488 | -301,955 | 108,962 | 596,612 | 309,346 |
| change in cash | -45,728 | -382,965 | 518,106 | 390,286 | -206,127 | -477,341 | -276,635 |
hindley circuits limited Credit Report and Business Information
Hindley Circuits Limited Competitor Analysis
Perform a competitor analysis for hindley circuits limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in NE23 area or any other competitors across 12 key performance metrics.
hindley circuits limited Ownership
HINDLEY CIRCUITS LIMITED group structure
Hindley Circuits Limited has no subsidiary companies.
Ultimate parent company
HINDLEY CIRCUITS LIMITED
10474049
hindley circuits limited directors
Hindley Circuits Limited currently has 4 directors. The longest serving directors include Mr Richard Whitehead (Nov 2016) and Miss Sarah-Jane Moffat (Dec 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Whitehead | 59 years | Nov 2016 | - | Director | |
| Miss Sarah-Jane Moffat | Scotland | 47 years | Dec 2016 | - | Director |
| Mr Christopher Pennison | United Kingdom | 57 years | Dec 2016 | - | Director |
| Mr Andrew Lapping | 61 years | Dec 2016 | - | Director |
P&L
October 2023turnover
10.6m
+56%
operating profit
1.3m
+362%
gross margin
29.7%
+3.17%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
1.9m
+0.41%
total assets
5.4m
-0.09%
cash
298.5k
-0.52%
net assets
Total assets minus all liabilities
Similar Companies
hindley circuits limited company details
company number
10474049
Type
Private limited with Share Capital
industry
26110 - Manufacture of electronic components
incorporation date
November 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
AZETS AUDIT SERVICES
address
unit 2b admiral business park, nelson park west, cramlington, northumberland, NE23 1WG
Bank
-
Legal Advisor
-
hindley circuits 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 3 charges/mortgages relating to hindley circuits limited. Currently there are 2 open charges and 1 have been satisfied in the past.
hindley circuits 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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hindley circuits limited Companies House Filings - See Documents
| date | description | view/download |
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