hermeq uk holdings limited

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hermeq uk holdings limited Company Information

Share HERMEQ UK HOLDINGS LIMITED

Company Number

12104023

Shareholders

george melhuish

Group Structure

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Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

 

Registered Address

safe fence holdings ltd, sams lane, west bromwich, B70 7ED

Website

-

hermeq uk holdings limited Estimated Valuation

£59m

Pomanda estimates the enterprise value of HERMEQ UK HOLDINGS LIMITED at £59m based on a Turnover of £36.5m and 1.62x industry multiple (adjusted for size and gross margin).

hermeq uk holdings limited Estimated Valuation

£15.4m

Pomanda estimates the enterprise value of HERMEQ UK HOLDINGS LIMITED at £15.4m based on an EBITDA of £2.3m and a 6.71x industry multiple (adjusted for size and gross margin).

hermeq uk holdings limited Estimated Valuation

£10.3m

Pomanda estimates the enterprise value of HERMEQ UK HOLDINGS LIMITED at £10.3m based on Net Assets of £7.7m and 1.34x industry multiple (adjusted for liquidity).

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Hermeq Uk Holdings Limited Overview

Hermeq Uk Holdings Limited is a live company located in west bromwich, B70 7ED with a Companies House number of 12104023. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in July 2019, it's largest shareholder is george melhuish with a 100% stake. Hermeq Uk Holdings Limited is a young, large sized company, Pomanda has estimated its turnover at £36.5m with rapid growth in recent years.

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Hermeq Uk Holdings Limited Health Check

Pomanda's financial health check has awarded Hermeq Uk Holdings Limited a 4.5 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

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £36.5m, make it larger than the average company (£19.6m)

£36.5m - Hermeq Uk Holdings Limited

£19.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (12.1%)

38% - Hermeq Uk Holdings Limited

12.1% - Industry AVG

production

Production

with a gross margin of 19.5%, this company has a higher cost of product (34.8%)

19.5% - Hermeq Uk Holdings Limited

34.8% - Industry AVG

profitability

Profitability

an operating margin of 3.5% make it less profitable than the average company (4.7%)

3.5% - Hermeq Uk Holdings Limited

4.7% - Industry AVG

employees

Employees

with 97 employees, this is similar to the industry average (106)

97 - Hermeq Uk Holdings Limited

106 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.4k, the company has an equivalent pay structure (£45k)

£41.4k - Hermeq Uk Holdings Limited

£45k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £376.2k, this is more efficient (£194.6k)

£376.2k - Hermeq Uk Holdings Limited

£194.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 69 days, this is later than average (44 days)

69 days - Hermeq Uk Holdings Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 80 days, this is slower than average (43 days)

80 days - Hermeq Uk Holdings Limited

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 65 days, this is more than average (37 days)

65 days - Hermeq Uk Holdings Limited

37 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (13 weeks)

4 weeks - Hermeq Uk Holdings Limited

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 57.8%, this is a lower level of debt than the average (68.4%)

57.8% - Hermeq Uk Holdings Limited

68.4% - Industry AVG

HERMEQ UK HOLDINGS LIMITED financials

EXPORTms excel logo

Hermeq Uk Holdings Limited's latest turnover from April 2024 is £36.5 million and the company has net assets of £7.7 million. According to their latest financial statements, Hermeq Uk Holdings Limited has 97 employees and maintains cash reserves of £633.5 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020
Turnover36,495,72033,118,17324,409,59413,968,471
Other Income Or Grants
Cost Of Sales29,381,42927,089,14519,444,58111,417,870
Gross Profit7,114,2916,029,0284,965,0132,550,601
Admin Expenses5,847,2782,554,8762,163,404773,203-488,608
Operating Profit1,267,0133,474,1522,801,6091,777,398488,608
Interest Payable117,07783,69533,65531,35931,882
Interest Receivable12,48112
Pre-Tax Profit1,067,5193,390,4572,767,9541,746,039456,738
Tax-278,885-648,546-538,487-332,240-86,780
Profit After Tax788,6342,741,9112,229,4671,413,799369,958
Dividends Paid316,701424,242263,99492,113
Retained Profit471,9332,317,6691,965,4731,321,686369,958
Employee Costs4,011,6982,218,3131,242,752502,666
Number Of Employees97583721
EBITDA*2,290,7593,897,0412,955,1511,845,442488,608

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020
Tangible Assets4,407,2574,662,6112,121,0571,842,0511,586,795
Intangible Assets
Investments & Other550,000644,898644,898100
Debtors (Due After 1 year)
Total Fixed Assets4,957,2575,307,5092,765,9551,842,0511,586,895
Stock & work in progress5,253,2654,213,5132,079,619265,327
Trade Debtors6,915,9836,026,9084,367,4331,796,042
Group Debtors
Misc Debtors442,400924,51182,85132,834
Cash633,5171,204,0031,122,8901,414,52924,773
misc current assets297,203
total current assets13,245,16512,368,9357,652,7933,508,732321,976
total assets18,202,42217,676,44410,418,7485,350,7831,908,871
Bank overdraft74,39057,92856,240
Bank loan94,09457,721
Trade Creditors 6,512,4067,369,3963,647,1891,263,186
Group/Directors Accounts493,490
other short term finances
hp & lease commitments374,486338,936
other current liabilities930,907347,323650,832355,408
total current liabilities7,911,8938,113,3764,372,4111,676,522549,730
loans1,613,3761,201,5891,252,659931,123989,083
hp & lease commitments314,017614,744
Accruals and Deferred Income
other liabilities
provisions678,518768,954133,56648,499
total long term liabilities2,605,9112,585,2871,386,225979,622989,083
total liabilities10,517,80410,698,6635,758,6362,656,1441,538,813
net assets7,684,6186,977,7814,660,1122,694,639370,058
total shareholders funds7,684,6186,977,7814,660,1122,694,639370,058
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020
Operating Activities
Operating Profit1,267,0133,474,1522,801,6091,777,398488,608
Depreciation1,023,746422,889153,54268,044
Amortisation
Tax-278,885-648,546-538,487-332,240-86,780
Stock1,039,7522,133,8941,814,292265,327
Debtors406,9642,501,1352,621,4081,828,876
Creditors-856,9903,722,2072,384,0031,263,186
Accruals and Deferred Income583,584-303,509295,424355,408
Deferred Taxes & Provisions-90,436635,38885,06748,499
Cash flow from operations201,3162,667,552745,4581,086,092401,828
Investing Activities
capital expenditure-1,586,795
Change in Investments-94,898644,898-100100
cash flow from investments94,898-644,898100-1,586,895
Financing Activities
Bank loans36,37357,721
Group/Directors Accounts-493,490493,490
Other Short Term Loans
Long term loans411,787-51,070321,536-57,960989,083
Hire Purchase and Lease Commitments-265,177953,680
other long term liabilities
share issue234,9041,002,895100
interest-104,596-83,695-33,655-31,359-31,870
cash flow from financing313,291876,636287,881420,0861,450,803
cash and cash equivalents
cash-570,48681,113-291,6391,389,75624,773
overdraft-74,39016,4621,68856,240
change in cash-570,486155,503-308,1011,388,068-31,467

hermeq uk holdings 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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Hermeq Uk Holdings Limited Competitor Analysis

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Perform a competitor analysis for hermeq uk holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in B70 area or any other competitors across 12 key performance metrics.

hermeq uk holdings limited Ownership

HERMEQ UK HOLDINGS LIMITED group structure

Hermeq Uk Holdings Limited has 2 subsidiary companies.

Ultimate parent company

HERMEQ UK HOLDINGS LIMITED

12104023

2 subsidiaries

HERMEQ UK HOLDINGS LIMITED Shareholders

george melhuish 100%

hermeq uk holdings limited directors

Hermeq Uk Holdings Limited currently has 3 directors. The longest serving directors include Mr George Melhuish (Jul 2019) and Mr George Melhuish (Jul 2019).

officercountryagestartendrole
Mr George MelhuishEngland32 years Jul 2019- Director
Mr George MelhuishEngland32 years Jul 2019- Director
Mrs Peaches ThorneEngland35 years Jul 2021- Director

P&L

April 2024

turnover

36.5m

+10%

operating profit

1.3m

-64%

gross margin

19.5%

+7.08%

turnover

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

Balance Sheet

April 2024

net assets

7.7m

+0.1%

total assets

18.2m

+0.03%

cash

633.5k

-0.47%

net assets

Total assets minus all liabilities

hermeq uk holdings limited company details

company number

12104023

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

July 2019

age

6

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

April 2024

previous names

safe fence holdings limited (March 2023)

accountant

-

auditor

MICHAEL DUFTY PARTNERSHIP LTD

address

safe fence holdings ltd, sams lane, west bromwich, B70 7ED

Bank

-

Legal Advisor

-

hermeq uk holdings 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 7 charges/mortgages relating to hermeq uk holdings limited. Currently there are 3 open charges and 4 have been satisfied in the past.

hermeq uk holdings limited 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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hermeq uk holdings limited Companies House Filings - See Documents

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