hws 2 limited
hws 2 limited Company Information
Company Number
10794041
Website
http://pizzahut.co.ukRegistered Address
building 1 imperial place, elstree way, borehamwood, hertfordshire, WD6 1JN
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
hws 4 limited 100%
hws 2 limited Estimated Valuation
Pomanda estimates the enterprise value of HWS 2 LIMITED at £460.7m based on a Turnover of £164.4m and 2.8x industry multiple (adjusted for size and gross margin).
hws 2 limited Estimated Valuation
Pomanda estimates the enterprise value of HWS 2 LIMITED at £41.2m based on an EBITDA of £3.7m and a 11.27x industry multiple (adjusted for size and gross margin).
hws 2 limited Estimated Valuation
Pomanda estimates the enterprise value of HWS 2 LIMITED at £0 based on Net Assets of £-95.4m and 1.71x industry multiple (adjusted for liquidity).
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Hws 2 Limited Overview
Hws 2 Limited is a live company located in borehamwood, WD6 1JN with a Companies House number of 10794041. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in May 2017, it's largest shareholder is hws 4 limited with a 100% stake. Hws 2 Limited is a young, mega sized company, Pomanda has estimated its turnover at £164.4m with declining growth in recent years.
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Hws 2 Limited Health Check
Pomanda's financial health check has awarded Hws 2 Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £164.4m, make it larger than the average company (£18.1m)
£164.4m - Hws 2 Limited
£18.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (6.6%)
-8% - Hws 2 Limited
6.6% - Industry AVG
Production
with a gross margin of 36.1%, this company has a comparable cost of product (36.1%)
36.1% - Hws 2 Limited
36.1% - Industry AVG
Profitability
an operating margin of -5.6% make it less profitable than the average company (5.1%)
-5.6% - Hws 2 Limited
5.1% - Industry AVG
Employees
with 4092 employees, this is above the industry average (106)
4092 - Hws 2 Limited
106 - Industry AVG
Pay Structure
on an average salary of £13.3k, the company has a lower pay structure (£42k)
£13.3k - Hws 2 Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £40.2k, this is less efficient (£178.6k)
£40.2k - Hws 2 Limited
£178.6k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (47 days)
5 days - Hws 2 Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is quicker than average (48 days)
30 days - Hws 2 Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (42 days)
2 days - Hws 2 Limited
42 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (16 weeks)
15 weeks - Hws 2 Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 238.7%, this is a higher level of debt than the average (69.9%)
238.7% - Hws 2 Limited
69.9% - Industry AVG
HWS 2 LIMITED financials
Hws 2 Limited's latest turnover from December 2022 is £164.4 million and the company has net assets of -£95.4 million. According to their latest financial statements, Hws 2 Limited has 4,092 employees and maintains cash reserves of £9.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Nov 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Turnover | 164,427,000 | 129,617,000 | 129,405,000 | 210,990,000 | 128,257,000 | |
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | -9,199,000 | -2,945,000 | -31,365,000 | -11,343,000 | -11,833,000 | |
| Interest Payable | 10,555,000 | 9,635,000 | 9,088,000 | 8,424,000 | 5,300,000 | |
| Interest Receivable | 120,000 | 7,000 | 46,000 | 102,000 | 24,000 | |
| Pre-Tax Profit | -19,634,000 | -12,573,000 | -40,407,000 | -19,665,000 | -17,109,000 | |
| Tax | 5,789,000 | 126,000 | 5,979,000 | 1,121,000 | 930,000 | |
| Profit After Tax | -13,845,000 | -12,447,000 | -34,428,000 | -18,544,000 | -16,179,000 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | -13,845,000 | -12,447,000 | -34,428,000 | -18,544,000 | -16,179,000 | |
| Employee Costs | 54,294,000 | 60,151,000 | 66,773,000 | 71,989,000 | 44,464,000 | |
| Number Of Employees | 4,092 | 4,416 | 5,399 | 6,379 | 7,131 | |
| EBITDA* | 3,651,000 | 10,815,000 | -12,350,000 | 11,518,000 | 2,038,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Nov 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 20,057,000 | 17,859,000 | 18,620,000 | 41,468,000 | 51,774,000 | 0 |
| Intangible Assets | 19,405,000 | 27,478,000 | 35,821,000 | 44,048,000 | 52,279,000 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 10,021,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 49,483,000 | 45,337,000 | 54,441,000 | 85,516,000 | 104,053,000 | 0 |
| Stock & work in progress | 790,000 | 856,000 | 311,000 | 946,000 | 987,000 | 0 |
| Trade Debtors | 2,696,000 | 2,555,000 | 1,122,000 | 2,957,000 | 2,450,000 | 0 |
| Group Debtors | 3,250,000 | 1,481,000 | 956,000 | 564,000 | 55,000 | 0 |
| Misc Debtors | 3,316,000 | 8,431,000 | 8,276,000 | 4,074,000 | 3,246,000 | 0 |
| Cash | 9,270,000 | 15,657,000 | 8,773,000 | 10,862,000 | 10,859,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 19,322,000 | 28,980,000 | 19,438,000 | 19,403,000 | 17,597,000 | 0 |
| total assets | 68,805,000 | 74,317,000 | 73,879,000 | 104,919,000 | 121,650,000 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 8,845,000 | 6,540,000 | 10,757,000 | 7,772,000 | 8,826,000 | 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 | 21,356,000 | 23,069,000 | 18,852,000 | 21,368,000 | 22,239,000 | 0 |
| total current liabilities | 30,201,000 | 29,609,000 | 29,609,000 | 29,140,000 | 31,065,000 | 0 |
| loans | 123,292,000 | 116,656,000 | 109,405,000 | 100,503,000 | 98,197,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 2,926,000 | 2,103,000 | 0 |
| other liabilities | 6,500,000 | 6,500,000 | 0 | 0 | 0 | 0 |
| provisions | 4,255,000 | 3,150,000 | 4,016,000 | 7,073,000 | 6,464,000 | 0 |
| total long term liabilities | 134,047,000 | 126,306,000 | 113,421,000 | 110,502,000 | 106,764,000 | 0 |
| total liabilities | 164,248,000 | 155,915,000 | 143,030,000 | 139,642,000 | 137,829,000 | 0 |
| net assets | -95,443,000 | -81,598,000 | -69,151,000 | -34,723,000 | -16,179,000 | 0 |
| total shareholders funds | -95,443,000 | -81,598,000 | -69,151,000 | -34,723,000 | -16,179,000 | 0 |
| Dec 2022 | Dec 2021 | Nov 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -9,199,000 | -2,945,000 | -31,365,000 | -11,343,000 | -11,833,000 | |
| Depreciation | 4,708,000 | 5,449,000 | 10,843,000 | 14,671,000 | 8,740,000 | |
| Amortisation | 8,142,000 | 8,311,000 | 8,172,000 | 8,190,000 | 5,131,000 | |
| Tax | 5,789,000 | 126,000 | 5,979,000 | 1,121,000 | 930,000 | |
| Stock | -66,000 | 545,000 | -635,000 | -41,000 | 987,000 | 0 |
| Debtors | 6,816,000 | 2,113,000 | 2,759,000 | 1,844,000 | 5,751,000 | 0 |
| Creditors | 2,305,000 | -4,217,000 | 2,985,000 | -1,054,000 | 8,826,000 | 0 |
| Accruals and Deferred Income | -1,713,000 | 4,217,000 | -5,442,000 | -48,000 | 24,342,000 | 0 |
| Deferred Taxes & Provisions | 1,105,000 | -866,000 | -3,057,000 | 609,000 | 6,464,000 | 0 |
| Cash flow from operations | 4,387,000 | 7,417,000 | -14,009,000 | 10,343,000 | 35,862,000 | |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | -62,827,000 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -62,827,000 | |
| 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 | 6,636,000 | 7,251,000 | 8,902,000 | 2,306,000 | 98,197,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 6,500,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -10,435,000 | -9,628,000 | -9,042,000 | -8,322,000 | -5,276,000 | |
| cash flow from financing | -3,799,000 | 4,123,000 | -140,000 | -6,016,000 | 92,921,000 | |
| cash and cash equivalents | ||||||
| cash | -6,387,000 | 6,884,000 | -2,089,000 | 3,000 | 10,859,000 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -6,387,000 | 6,884,000 | -2,089,000 | 3,000 | 10,859,000 | 0 |
hws 2 limited Credit Report and Business Information
Hws 2 Limited Competitor Analysis
Perform a competitor analysis for hws 2 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
hws 2 limited Ownership
HWS 2 LIMITED group structure
Hws 2 Limited has 1 subsidiary company.
Ultimate parent company
1 parent
HWS 2 LIMITED
10794041
1 subsidiary
hws 2 limited directors
Hws 2 Limited currently has 3 directors. The longest serving directors include Mr Jens Hofma (May 2017) and Mrs Kathryn Austin (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jens Hofma | United Kingdom | 57 years | May 2017 | - | Director |
| Mrs Kathryn Austin | 47 years | Feb 2023 | - | Director | |
| Mr Steven Packer | United Kingdom | 50 years | May 2024 | - | Director |
P&L
December 2022turnover
164.4m
+27%
operating profit
-9.2m
+212%
gross margin
36.1%
+3.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-95.4m
+0.17%
total assets
68.8m
-0.07%
cash
9.3m
-0.41%
net assets
Total assets minus all liabilities
Similar Companies
hws 2 limited company details
company number
10794041
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
May 2017
age
7
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
building 1 imperial place, elstree way, borehamwood, hertfordshire, WD6 1JN
last accounts submitted
December 2022
hws 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 found 2 charges/mortgages relating to hws 2 limited. Currently there are 2 open charges and 0 have been satisfied in the past.
hws 2 limited Companies House Filings - See Documents
| date | description | view/download |
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