honeycomb projects ltd
honeycomb projects ltd Company Information
Company Number
10571671
Next Accounts
Nov 2024
Industry
Development of building projects
Shareholders
spencer paul walshe
lee cummins
Group Structure
View All
Contact
Registered Address
19-20 bourne court, southend road, woodford green, essex, IG8 8HD
Website
www.honeycombprojects.comhoneycomb projects ltd Estimated Valuation
Pomanda estimates the enterprise value of HONEYCOMB PROJECTS LTD at £189.9k based on a Turnover of £553.6k and 0.34x industry multiple (adjusted for size and gross margin).
honeycomb projects ltd Estimated Valuation
Pomanda estimates the enterprise value of HONEYCOMB PROJECTS LTD at £14k based on an EBITDA of £5.4k and a 2.61x industry multiple (adjusted for size and gross margin).
honeycomb projects ltd Estimated Valuation
Pomanda estimates the enterprise value of HONEYCOMB PROJECTS LTD at £86.1k based on Net Assets of £58k and 1.49x industry multiple (adjusted for liquidity).
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Honeycomb Projects Ltd Overview
Honeycomb Projects Ltd is a dissolved company that was located in woodford green, IG8 8HD with a Companies House number of 10571671. It operated in the development of building projects sector, SIC Code 41100. Founded in January 2017, it's largest shareholder was spencer paul walshe with a 50% stake. The last turnover for Honeycomb Projects Ltd was estimated at £553.6k.
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Honeycomb Projects Ltd Health Check
Pomanda's financial health check has awarded Honeycomb Projects Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£1.7m)
- Honeycomb Projects Ltd
£1.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Honeycomb Projects Ltd
- - Industry AVG
Production
with a gross margin of 10.5%, this company has a higher cost of product (27.7%)
- Honeycomb Projects Ltd
27.7% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (12.6%)
- Honeycomb Projects Ltd
12.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (6)
1 - Honeycomb Projects Ltd
6 - Industry AVG
Pay Structure
on an average salary of £43.1k, the company has an equivalent pay structure (£43.1k)
- Honeycomb Projects Ltd
£43.1k - Industry AVG
Efficiency
resulting in sales per employee of £1.1m, this is more efficient (£274.1k)
- Honeycomb Projects Ltd
£274.1k - Industry AVG
Debtor Days
it gets paid by customers after 109 days, this is later than average (29 days)
- Honeycomb Projects Ltd
29 days - Industry AVG
Creditor Days
its suppliers are paid after 154 days, this is slower than average (31 days)
- Honeycomb Projects Ltd
31 days - Industry AVG
Stock Days
it holds stock equivalent to 55 days, this is less than average (204 days)
- Honeycomb Projects Ltd
204 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (11 weeks)
1 weeks - Honeycomb Projects Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.3%, this is a higher level of debt than the average (72.1%)
85.3% - Honeycomb Projects Ltd
72.1% - Industry AVG
HONEYCOMB PROJECTS LTD financials
Honeycomb Projects Ltd's latest turnover from December 2019 is estimated at £553.6 thousand and the company has net assets of £58 thousand. According to their latest financial statements, we estimate that Honeycomb Projects Ltd has 1 employee and maintains cash reserves of £5.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Jan 2019 | Jan 2018 | |
|---|---|---|---|
| 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 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Jan 2019 | Jan 2018 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 |
| Stock & work in progress | 197,730 | 147,440 | 134,200 |
| Trade Debtors | 78,885 | 323,698 | 1,252,582 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 5,507 | 8,173 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 282,122 | 479,311 | 1,386,782 |
| total assets | 282,122 | 479,311 | 1,386,782 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 224,113 | 408,856 | 1,333,133 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 224,113 | 408,856 | 1,333,133 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 |
| total liabilities | 224,113 | 408,856 | 1,333,133 |
| net assets | 58,009 | 70,455 | 53,649 |
| total shareholders funds | 58,009 | 70,455 | 53,649 |
| Dec 2019 | Jan 2019 | Jan 2018 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 63,530 | 13,240 | 134,200 |
| Debtors | -1,173,697 | -928,884 | 1,252,582 |
| Creditors | -1,109,020 | -924,277 | 1,333,133 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | 5,507 | 8,173 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 5,507 | 8,173 | 0 |
honeycomb projects ltd Credit Report and Business Information
Honeycomb Projects Ltd Competitor Analysis
Perform a competitor analysis for honeycomb projects ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in IG8 area or any other competitors across 12 key performance metrics.
honeycomb projects ltd Ownership
HONEYCOMB PROJECTS LTD group structure
Honeycomb Projects Ltd has no subsidiary companies.
Ultimate parent company
HONEYCOMB PROJECTS LTD
10571671
honeycomb projects ltd directors
Honeycomb Projects Ltd currently has 2 directors. The longest serving directors include Mr Lee Cummins (Mar 2020) and Mr Spencer Walshe (Mar 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lee Cummins | United Kingdom | 51 years | Mar 2020 | - | Director |
| Mr Spencer Walshe | United Kingdom | 45 years | Mar 2020 | - | Director |
P&L
December 2019turnover
553.6k
-88%
operating profit
5.4k
0%
gross margin
9.9%
-10.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
58k
+0.08%
total assets
282.1k
-0.8%
cash
5.5k
0%
net assets
Total assets minus all liabilities
honeycomb projects ltd company details
company number
10571671
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
January 2017
age
7
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2019
previous names
N/A
accountant
RAFFINGERS LLP
auditor
-
address
19-20 bourne court, southend road, woodford green, essex, IG8 8HD
Bank
-
Legal Advisor
-
honeycomb projects 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 honeycomb projects ltd.
honeycomb projects ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
