h2o clean drain care ltd
h2o clean drain care ltd Company Information
Company Number
11261244
Website
www.h2oclean.co.ukRegistered Address
15, raven court, shildon, county durham, DL4 2GX
Industry
Specialised cleaning services
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
matthew hedge 50%
victoria hedge 50%
h2o clean drain care ltd Estimated Valuation
Pomanda estimates the enterprise value of H2O CLEAN DRAIN CARE LTD at £60.1k based on a Turnover of £78.3k and 0.77x industry multiple (adjusted for size and gross margin).
h2o clean drain care ltd Estimated Valuation
Pomanda estimates the enterprise value of H2O CLEAN DRAIN CARE LTD at £0 based on an EBITDA of £-412 and a 5.35x industry multiple (adjusted for size and gross margin).
h2o clean drain care ltd Estimated Valuation
Pomanda estimates the enterprise value of H2O CLEAN DRAIN CARE LTD at £2.4k based on Net Assets of £937 and 2.55x industry multiple (adjusted for liquidity).
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H2o Clean Drain Care Ltd Overview
H2o Clean Drain Care Ltd is a live company located in county durham, DL4 2GX with a Companies House number of 11261244. It operates in the specialised cleaning services sector, SIC Code 81222. Founded in March 2018, it's largest shareholder is matthew hedge with a 50% stake. H2o Clean Drain Care Ltd is a young, micro sized company, Pomanda has estimated its turnover at £78.3k with declining growth in recent years.
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H2o Clean Drain Care Ltd Health Check
Pomanda's financial health check has awarded H2O Clean Drain Care Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
7 Weak
Size
annual sales of £78.3k, make it smaller than the average company (£111.9k)
- H2o Clean Drain Care Ltd
£111.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (9.4%)
- H2o Clean Drain Care Ltd
9.4% - Industry AVG
Production
with a gross margin of 29%, this company has a comparable cost of product (29%)
- H2o Clean Drain Care Ltd
29% - Industry AVG
Profitability
an operating margin of -6.1% make it less profitable than the average company (4.5%)
- H2o Clean Drain Care Ltd
4.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (9)
2 - H2o Clean Drain Care Ltd
9 - Industry AVG
Pay Structure
on an average salary of £16.8k, the company has an equivalent pay structure (£16.8k)
- H2o Clean Drain Care Ltd
£16.8k - Industry AVG
Efficiency
resulting in sales per employee of £39.1k, this is equally as efficient (£36.5k)
- H2o Clean Drain Care Ltd
£36.5k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is near the average (57 days)
- H2o Clean Drain Care Ltd
57 days - Industry AVG
Creditor Days
its suppliers are paid after 63 days, this is slower than average (42 days)
- H2o Clean Drain Care Ltd
42 days - Industry AVG
Stock Days
it holds stock equivalent to 16 days, this is more than average (10 days)
- H2o Clean Drain Care Ltd
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (16 weeks)
11 weeks - H2o Clean Drain Care Ltd
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.5%, this is a higher level of debt than the average (60%)
98.5% - H2o Clean Drain Care Ltd
60% - Industry AVG
H2O CLEAN DRAIN CARE LTD financials
H2O Clean Drain Care Ltd's latest turnover from March 2023 is estimated at £78.3 thousand and the company has net assets of £937. According to their latest financial statements, H2O Clean Drain Care Ltd has 2 employees and maintains cash reserves of £7.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 10,000 | 22,020 | 29,739 | 12,355 | 14,641 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 10,000 | 22,020 | 29,739 | 12,355 | 14,641 |
| Stock & work in progress | 2,500 | 2,500 | 2,500 | 0 | 0 |
| Trade Debtors | 14,513 | 7,333 | 17,462 | 29,808 | 22,327 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 29,642 | 22,004 | 7,708 | 0 | 0 |
| Cash | 7,339 | 5,696 | 20,896 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 53,994 | 37,533 | 48,566 | 29,808 | 22,327 |
| total assets | 63,994 | 59,553 | 78,305 | 42,163 | 36,968 |
| Bank overdraft | 13,802 | 5,527 | 25,000 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 9,747 | 5,058 | 13,636 | 32,374 | 16,687 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 4,577 | 2,684 | 0 | 0 |
| other current liabilities | 8,785 | 18,702 | 28,888 | 0 | 0 |
| total current liabilities | 32,334 | 33,864 | 70,208 | 32,374 | 16,687 |
| loans | 30,723 | 16,675 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 161 | 5,004 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 6,800 | 9,200 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 30,723 | 16,836 | 5,004 | 6,800 | 9,200 |
| total liabilities | 63,057 | 50,700 | 75,212 | 39,174 | 25,887 |
| net assets | 937 | 8,853 | 3,093 | 2,989 | 11,081 |
| total shareholders funds | 937 | 8,853 | 3,093 | 2,989 | 11,081 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 4,361 | 7,719 | |||
| Amortisation | 0 | 0 | 0 | ||
| Tax | |||||
| Stock | 0 | 0 | 2,500 | 0 | 0 |
| Debtors | 14,818 | 4,167 | -4,638 | 7,481 | 22,327 |
| Creditors | 4,689 | -8,578 | -18,738 | 15,687 | 16,687 |
| Accruals and Deferred Income | -9,917 | -10,186 | 28,888 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 14,048 | 16,675 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -4,738 | -2,950 | 7,688 | 0 | 0 |
| other long term liabilities | 0 | 0 | -6,800 | -2,400 | 9,200 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 1,643 | -15,200 | 20,896 | 0 | 0 |
| overdraft | 8,275 | -19,473 | 25,000 | 0 | 0 |
| change in cash | -6,632 | 4,273 | -4,104 | 0 | 0 |
h2o clean drain care ltd Credit Report and Business Information
H2o Clean Drain Care Ltd Competitor Analysis
Perform a competitor analysis for h2o clean drain care ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in DL4 area or any other competitors across 12 key performance metrics.
h2o clean drain care ltd Ownership
H2O CLEAN DRAIN CARE LTD group structure
H2O Clean Drain Care Ltd has no subsidiary companies.
Ultimate parent company
H2O CLEAN DRAIN CARE LTD
11261244
h2o clean drain care ltd directors
H2O Clean Drain Care Ltd currently has 2 directors. The longest serving directors include Mrs Victoria Hedge (Mar 2018) and Mr Matthew Hedge (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Victoria Hedge | England | 34 years | Mar 2018 | - | Director |
| Mr Matthew Hedge | United Kingdom | 36 years | Mar 2018 | - | Director |
P&L
March 2023turnover
78.3k
+40%
operating profit
-4.8k
0%
gross margin
29%
-19.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
937
-0.89%
total assets
64k
+0.07%
cash
7.3k
+0.29%
net assets
Total assets minus all liabilities
h2o clean drain care ltd company details
company number
11261244
Type
Private limited with Share Capital
industry
81222 - Specialised cleaning services
incorporation date
March 2018
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
MITCHELLS GRIEVSON
auditor
-
address
15, raven court, shildon, county durham, DL4 2GX
Bank
-
Legal Advisor
-
h2o clean drain care 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 h2o clean drain care ltd.
h2o clean drain care ltd Companies House Filings - See Documents
| date | description | view/download |
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