hurstwood homes 1 limited

hurstwood homes 1 limited Company Information

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Company Number

11249773

Industry

Construction of domestic buildings

 

Shareholders

stephen ashworth

samuel ashworth

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Group Structure

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Contact

Registered Address

40 peter street, manchester, M2 5GP

hurstwood homes 1 limited Estimated Valuation

£8.2m

Pomanda estimates the enterprise value of HURSTWOOD HOMES 1 LIMITED at £8.2m based on a Turnover of £12.5m and 0.66x industry multiple (adjusted for size and gross margin).

hurstwood homes 1 limited Estimated Valuation

£0

Pomanda estimates the enterprise value of HURSTWOOD HOMES 1 LIMITED at £0 based on an EBITDA of £-28.2k and a 4.98x industry multiple (adjusted for size and gross margin).

hurstwood homes 1 limited Estimated Valuation

£0

Pomanda estimates the enterprise value of HURSTWOOD HOMES 1 LIMITED at £0 based on Net Assets of £-114.6k and 1.36x industry multiple (adjusted for liquidity).

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Hurstwood Homes 1 Limited Overview

Hurstwood Homes 1 Limited is a live company located in manchester, M2 5GP with a Companies House number of 11249773. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in March 2018, it's largest shareholder is stephen ashworth with a 60% stake. Hurstwood Homes 1 Limited is a young, mid sized company, Pomanda has estimated its turnover at £12.5m with high growth in recent years.

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Hurstwood Homes 1 Limited Health Check

Pomanda's financial health check has awarded Hurstwood Homes 1 Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £12.5m, make it larger than the average company (£506.2k)

£12.5m - Hurstwood Homes 1 Limited

£506.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (9.5%)

26% - Hurstwood Homes 1 Limited

9.5% - Industry AVG

production

Production

with a gross margin of 20.3%, this company has a comparable cost of product (20.3%)

20.3% - Hurstwood Homes 1 Limited

20.3% - Industry AVG

profitability

Profitability

an operating margin of -0.2% make it less profitable than the average company (5.1%)

-0.2% - Hurstwood Homes 1 Limited

5.1% - Industry AVG

employees

Employees

with 60 employees, this is above the industry average (4)

60 - Hurstwood Homes 1 Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £43.4k, the company has an equivalent pay structure (£43.4k)

£43.4k - Hurstwood Homes 1 Limited

£43.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £207.7k, this is equally as efficient (£209k)

£207.7k - Hurstwood Homes 1 Limited

£209k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 16 days, this is earlier than average (24 days)

16 days - Hurstwood Homes 1 Limited

24 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 67 days, this is slower than average (30 days)

67 days - Hurstwood Homes 1 Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 246 days, this is in line with average (278 days)

246 days - Hurstwood Homes 1 Limited

278 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)

0 weeks - Hurstwood Homes 1 Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 101.3%, this is a higher level of debt than the average (71.7%)

101.3% - Hurstwood Homes 1 Limited

71.7% - Industry AVG

HURSTWOOD HOMES 1 LIMITED financials

EXPORTms excel logo

Hurstwood Homes 1 Limited's latest turnover from December 2023 is estimated at £12.5 million and the company has net assets of -£114.6 thousand. According to their latest financial statements, we estimate that Hurstwood Homes 1 Limited has 60 employees and maintains cash reserves of £18.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Turnover12,460,91411,571,64210,971,4406,297,484930,383908,914
Other Income Or Grants000000
Cost Of Sales9,935,9259,273,5478,950,6345,116,683745,655715,772
Gross Profit2,524,9892,298,0942,020,8051,180,801184,728193,141
Admin Expenses2,553,2291,994,9031,938,6171,116,644103,732152,641
Operating Profit-28,240303,19182,18864,15780,99640,500
Interest Payable210,173184,36067,67949,32981,00040,500
Interest Receivable1,8662,0881301940
Pre-Tax Profit-236,548120,91914,64014,84700
Tax0-22,975-2,782-2,82100
Profit After Tax-236,54897,94411,85812,02600
Dividends Paid000000
Retained Profit-236,54897,94411,85812,02600
Employee Costs2,603,6402,215,2311,912,4501,285,233173,457132,746
Number Of Employees6051463243
EBITDA*-28,240303,19182,18864,15780,99640,500

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Tangible Assets000000
Intangible Assets000000
Investments & Other000000
Debtors (Due After 1 year)000000
Total Fixed Assets000000
Stock & work in progress6,699,7258,261,9184,977,5643,024,8432,894,2072,323,332
Trade Debtors575,952000015,029
Group Debtors1,059,00000000
Misc Debtors203,64778,570520,334223,10696,9370
Cash18,83052,25367,03937,1651,1050
misc current assets000000
total current assets8,557,1548,392,7415,564,9373,285,1142,992,2492,338,361
total assets8,557,1548,392,7415,564,9373,285,1142,992,2492,338,361
Bank overdraft0007831,200,0000
Bank loan6,6189,7689,527000
Trade Creditors 1,839,8311,214,6251,271,266768,84316,80589,571
Group/Directors Accounts5,113,6734,597,6732,177,5751,840,2821,712,9071,048,690
other short term finances000000
hp & lease commitments000000
other current liabilities114,739325,629343,731246,51262,4370
total current liabilities7,074,8616,147,6953,802,0992,856,4202,992,1491,138,261
loans1,596,9132,123,1181,738,854416,56801,200,000
hp & lease commitments000000
Accruals and Deferred Income000000
other liabilities000000
provisions000000
total long term liabilities1,596,9132,123,1181,738,854416,56801,200,000
total liabilities8,671,7748,270,8135,540,9533,272,9882,992,1492,338,261
net assets-114,620121,92823,98412,126100100
total shareholders funds-114,620121,92823,98412,126100100
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Operating Activities
Operating Profit-28,240303,19182,18864,15780,99640,500
Depreciation000000
Amortisation000000
Tax0-22,975-2,782-2,82100
Stock-1,562,1933,284,3541,952,721130,636570,8752,323,332
Debtors1,760,029-441,764297,228126,16981,90815,029
Creditors625,206-56,641502,423752,038-72,76689,571
Accruals and Deferred Income-210,890-18,10297,219184,07562,4370
Deferred Taxes & Provisions000000
Cash flow from operations188,240-2,637,117-1,570,901740,644-582,116-2,208,290
Investing Activities
capital expenditure000000
Change in Investments000000
cash flow from investments000000
Financing Activities
Bank loans-3,1502419,527000
Group/Directors Accounts516,0002,420,098337,293127,375664,2171,048,690
Other Short Term Loans 000000
Long term loans-526,205384,2641,322,286416,568-1,200,0001,200,000
Hire Purchase and Lease Commitments000000
other long term liabilities000000
share issue00000100
interest-208,307-182,272-67,549-49,310-80,996-40,500
cash flow from financing-221,6622,622,3311,601,557494,633-616,7792,208,290
cash and cash equivalents
cash-33,423-14,78629,87436,0601,1050
overdraft00-783-1,199,2171,200,0000
change in cash-33,423-14,78630,6571,235,277-1,198,8950

hurstwood homes 1 limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Hurstwood Homes 1 Limited Competitor Analysis

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Perform a competitor analysis for hurstwood homes 1 limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in M 2 area or any other competitors across 12 key performance metrics.

hurstwood homes 1 limited Ownership

HURSTWOOD HOMES 1 LIMITED group structure

Hurstwood Homes 1 Limited has no subsidiary companies.

Ultimate parent company

HURSTWOOD HOMES 1 LIMITED

11249773

HURSTWOOD HOMES 1 LIMITED Shareholders

stephen ashworth 60%
samuel ashworth 25%
andrew park 15%

hurstwood homes 1 limited directors

Hurstwood Homes 1 Limited currently has 4 directors. The longest serving directors include Mr Samuel Ashworth (Mar 2018) and Mr Stephen Ashworth (Mar 2018).

officercountryagestartendrole
Mr Samuel AshworthUnited Kingdom29 years Mar 2018- Director
Mr Stephen AshworthUnited Kingdom57 years Mar 2018- Director
Mr Andrew ParkUnited Kingdom57 years Mar 2018- Director
Mrs Aimee BeaumontEngland32 years Oct 2022- Director

P&L

December 2023

turnover

12.5m

+8%

operating profit

-28.2k

0%

gross margin

20.3%

+2.03%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-114.6k

-1.94%

total assets

8.6m

+0.02%

cash

18.8k

-0.64%

net assets

Total assets minus all liabilities

hurstwood homes 1 limited company details

company number

11249773

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

March 2018

age

6

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

40 peter street, manchester, M2 5GP

Bank

-

Legal Advisor

-

hurstwood homes 1 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 hurstwood homes 1 limited. Currently there are 1 open charges and 2 have been satisfied in the past.

charges

hurstwood homes 1 limited Companies House Filings - See Documents

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