harmony orthodontics ltd

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harmony orthodontics ltd Company Information

Share HARMONY ORTHODONTICS LTD

Company Number

11747565

Shareholders

insigam muqbil

siham muqbil

Group Structure

View All

Industry

Dental practice activities

 

Registered Address

45 cotton lane moseley, birmingham, B13 9SB

harmony orthodontics ltd Estimated Valuation

£127.2k

Pomanda estimates the enterprise value of HARMONY ORTHODONTICS LTD at £127.2k based on a Turnover of £211.3k and 0.6x industry multiple (adjusted for size and gross margin).

harmony orthodontics ltd Estimated Valuation

£176.5k

Pomanda estimates the enterprise value of HARMONY ORTHODONTICS LTD at £176.5k based on an EBITDA of £46.4k and a 3.8x industry multiple (adjusted for size and gross margin).

harmony orthodontics ltd Estimated Valuation

£97k

Pomanda estimates the enterprise value of HARMONY ORTHODONTICS LTD at £97k based on Net Assets of £31.1k and 3.11x industry multiple (adjusted for liquidity).

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Harmony Orthodontics Ltd Overview

Harmony Orthodontics Ltd is a live company located in birmingham, B13 9SB with a Companies House number of 11747565. It operates in the dental practice activities sector, SIC Code 86230. Founded in January 2019, it's largest shareholder is insigam muqbil with a 50% stake. Harmony Orthodontics Ltd is a young, micro sized company, Pomanda has estimated its turnover at £211.3k with unknown growth in recent years.

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Harmony Orthodontics Ltd Health Check

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

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £211.3k, make it smaller than the average company (£990.9k)

£211.3k - Harmony Orthodontics Ltd

£990.9k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Harmony Orthodontics Ltd

- - Industry AVG

production

Production

with a gross margin of 48.8%, this company has a comparable cost of product (48.8%)

48.8% - Harmony Orthodontics Ltd

48.8% - Industry AVG

profitability

Profitability

an operating margin of 22% make it more profitable than the average company (9.4%)

22% - Harmony Orthodontics Ltd

9.4% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (11)

2 - Harmony Orthodontics Ltd

11 - Industry AVG

paystructure

Pay Structure

on an average salary of £22k, the company has an equivalent pay structure (£22k)

£22k - Harmony Orthodontics Ltd

£22k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £105.7k, this is equally as efficient (£91.9k)

£105.7k - Harmony Orthodontics Ltd

£91.9k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Harmony Orthodontics Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 162 days, this is slower than average (26 days)

162 days - Harmony Orthodontics Ltd

26 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Harmony Orthodontics Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 176 weeks, this is more cash available to meet short term requirements (2 weeks)

176 weeks - Harmony Orthodontics Ltd

2 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 93.7%, this is a higher level of debt than the average (56.2%)

93.7% - Harmony Orthodontics Ltd

56.2% - Industry AVG

HARMONY ORTHODONTICS LTD financials

EXPORTms excel logo

Harmony Orthodontics Ltd's latest turnover from January 2024 is estimated at £211.3 thousand and the company has net assets of £31.1 thousand. According to their latest financial statements, Harmony Orthodontics Ltd has 2 employees and maintains cash reserves of £495.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020
Turnover211,34300053,226
Other Income Or Grants00000
Cost Of Sales108,30400027,423
Gross Profit103,03900025,802
Admin Expenses56,61400125,801
Operating Profit46,42500-11
Interest Payable17,9100000
Interest Receivable13,0000000
Pre-Tax Profit41,51500-11
Tax-10,3790000
Profit After Tax31,13600-11
Dividends Paid00000
Retained Profit31,13600-11
Employee Costs44,01100017,805
Number Of Employees20001
EBITDA*46,42500-11

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020
Tangible Assets00000
Intangible Assets00000
Investments & Other00000
Debtors (Due After 1 year)00000
Total Fixed Assets00000
Stock & work in progress00000
Trade Debtors00001
Group Debtors00000
Misc Debtors00000
Cash495,2541110
misc current assets00000
total current assets495,2541111
total assets495,2541111
Bank overdraft00000
Bank loan00000
Trade Creditors 48,2000000
Group/Directors Accounts00000
other short term finances00000
hp & lease commitments00000
other current liabilities97,5120000
total current liabilities145,7120000
loans318,4050000
hp & lease commitments00000
Accruals and Deferred Income00000
other liabilities00000
provisions00000
total long term liabilities318,4050000
total liabilities464,1170000
net assets31,1371111
total shareholders funds31,1371111
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020
Operating Activities
Operating Profit46,42500-11
Depreciation00000
Amortisation00000
Tax-10,3790000
Stock00000
Debtors000-11
Creditors48,2000000
Accruals and Deferred Income97,5120000
Deferred Taxes & Provisions00000
Cash flow from operations181,7580000
Investing Activities
capital expenditure00000
Change in Investments00000
cash flow from investments00000
Financing Activities
Bank loans00000
Group/Directors Accounts00000
Other Short Term Loans 00000
Long term loans318,4050000
Hire Purchase and Lease Commitments00000
other long term liabilities00000
share issue00010
interest-4,9100000
cash flow from financing313,4950010
cash and cash equivalents
cash495,2530010
overdraft00000
change in cash495,2530010

harmony orthodontics ltd 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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Harmony Orthodontics Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for harmony orthodontics ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in B13 area or any other competitors across 12 key performance metrics.

harmony orthodontics ltd Ownership

HARMONY ORTHODONTICS LTD group structure

Harmony Orthodontics Ltd has no subsidiary companies.

Ultimate parent company

HARMONY ORTHODONTICS LTD

11747565

HARMONY ORTHODONTICS LTD Shareholders

insigam muqbil 50%
siham muqbil 50%

harmony orthodontics ltd directors

Harmony Orthodontics Ltd currently has 2 directors. The longest serving directors include Ms Insigam Muqbil (Jan 2019) and Ms Siham Muqbil (Jun 2021).

officercountryagestartendrole
Ms Insigam MuqbilUnited Kingdom46 years Jan 2019- Director
Ms Siham MuqbilEngland54 years Jun 2021- Director

P&L

January 2024

turnover

211.3k

0%

operating profit

46.4k

0%

gross margin

48.8%

0%

turnover

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

Balance Sheet

January 2024

net assets

31.1k

+31136%

total assets

495.3k

+495253%

cash

495.3k

+495253%

net assets

Total assets minus all liabilities

harmony orthodontics ltd company details

company number

11747565

Type

Private limited with Share Capital

industry

86230 - Dental practice activities

incorporation date

January 2019

age

6

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

January 2024

previous names

N/A

accountant

PARKERS ACCOUNTANCY

auditor

-

address

45 cotton lane moseley, birmingham, B13 9SB

Bank

-

Legal Advisor

-

harmony orthodontics 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 harmony orthodontics ltd.

harmony orthodontics ltd 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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harmony orthodontics ltd Companies House Filings - See Documents

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