hnk legal limited

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hnk legal limited Company Information

Share HNK LEGAL LIMITED

Company Number

12128355

Shareholders

kind group limited

apcn limited

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Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

wessex house teign road, newton abbot, TQ12 4AA

hnk legal limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of HNK LEGAL LIMITED at £1m based on a Turnover of £1.8m and 0.58x industry multiple (adjusted for size and gross margin).

hnk legal limited Estimated Valuation

£0

Pomanda estimates the enterprise value of HNK LEGAL LIMITED at £0 based on an EBITDA of £-181.9k and a 4.16x industry multiple (adjusted for size and gross margin).

hnk legal limited Estimated Valuation

£924.9k

Pomanda estimates the enterprise value of HNK LEGAL LIMITED at £924.9k based on Net Assets of £403k and 2.3x industry multiple (adjusted for liquidity).

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Hnk Legal Limited Overview

Hnk Legal Limited is a live company located in newton abbot, TQ12 4AA with a Companies House number of 12128355. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2019, it's largest shareholder is kind group limited with a 25% stake. Hnk Legal Limited is a young, small sized company, Pomanda has estimated its turnover at £1.8m with rapid growth in recent years.

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Hnk Legal Limited Health Check

Pomanda's financial health check has awarded Hnk Legal Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £1.8m, make it smaller than the average company (£4.8m)

£1.8m - Hnk Legal Limited

£4.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (6.7%)

37% - Hnk Legal Limited

6.7% - Industry AVG

production

Production

with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)

38.1% - Hnk Legal Limited

38.1% - Industry AVG

profitability

Profitability

an operating margin of -10.7% make it less profitable than the average company (5.7%)

-10.7% - Hnk Legal Limited

5.7% - Industry AVG

employees

Employees

with 21 employees, this is below the industry average (27)

21 - Hnk Legal Limited

27 - Industry AVG

paystructure

Pay Structure

on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)

£53.9k - Hnk Legal Limited

£53.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £86.5k, this is less efficient (£171.7k)

£86.5k - Hnk Legal Limited

£171.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Hnk Legal Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 15 days, this is quicker than average (32 days)

15 days - Hnk Legal Limited

32 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 6 days, this is less than average (33 days)

6 days - Hnk Legal Limited

33 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 (22 weeks)

4 weeks - Hnk Legal Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 48.8%, this is a lower level of debt than the average (62.5%)

48.8% - Hnk Legal Limited

62.5% - Industry AVG

HNK LEGAL LIMITED financials

EXPORTms excel logo

Hnk Legal Limited's latest turnover from December 2023 is estimated at £1.8 million and the company has net assets of £403 thousand. According to their latest financial statements, Hnk Legal Limited has 21 employees and maintains cash reserves of £33.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020
Turnover1,815,4761,485,1091,244,447705,944
Other Income Or Grants0000
Cost Of Sales1,123,337917,136780,011444,682
Gross Profit692,139567,973464,435261,262
Admin Expenses886,358905,020-76,773-220,869
Operating Profit-194,219-337,047541,208482,131
Interest Payable0000
Interest Receivable1,6173,41136563
Pre-Tax Profit-192,602-333,636541,573482,194
Tax00-102,899-91,617
Profit After Tax-192,602-333,636438,674390,577
Dividends Paid0000
Retained Profit-192,602-333,636438,674390,577
Employee Costs1,132,339718,891781,706464,069
Number Of Employees21141610
EBITDA*-181,947-321,457555,860482,131

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020
Tangible Assets37,11442,59944,63430,399
Intangible Assets41,07647,87154,66458,287
Investments & Other0000
Debtors (Due After 1 year)0000
Total Fixed Assets78,19090,47099,29888,686
Stock & work in progress20,578000
Trade Debtors0190,354122,66561,147
Group Debtors0000
Misc Debtors654,838441,199526,936192,008
Cash33,40528,206166,685125,382
misc current assets0000
total current assets708,821659,759816,286378,537
total assets787,011750,229915,584467,223
Bank overdraft0000
Bank loan0000
Trade Creditors 47,55075,41460,21822,586
Group/Directors Accounts157,00215,55400
other short term finances0000
hp & lease commitments0000
other current liabilities170,16355,56017,63237,207
total current liabilities374,715146,52877,85059,793
loans0000
hp & lease commitments0000
Accruals and Deferred Income0000
other liabilities0000
provisions9,2798,0828,48016,850
total long term liabilities9,2798,0828,48016,850
total liabilities383,994154,61086,33076,643
net assets403,017595,619829,254390,580
total shareholders funds403,017595,619829,254390,580
Dec 2023Dec 2022Dec 2021Dec 2020
Operating Activities
Operating Profit-194,219-337,047541,208482,131
Depreciation5,4778,7977,8590
Amortisation6,7956,7936,7930
Tax00-102,899-91,617
Stock20,578000
Debtors23,285-18,048396,446253,155
Creditors-27,86415,19637,63222,586
Accruals and Deferred Income114,60337,928-19,57537,207
Deferred Taxes & Provisions1,197-398-8,37016,850
Cash flow from operations-137,874-250,68366,202214,002
Investing Activities
capital expenditure8-6,762-25,264-88,686
Change in Investments0000
cash flow from investments8-6,762-25,264-88,686
Financing Activities
Bank loans0000
Group/Directors Accounts141,44815,55400
Other Short Term Loans 0000
Long term loans0000
Hire Purchase and Lease Commitments0000
other long term liabilities0000
share issue0100,00103
interest1,6173,41136563
cash flow from financing143,065118,96636566
cash and cash equivalents
cash5,199-138,47941,303125,382
overdraft0000
change in cash5,199-138,47941,303125,382

hnk legal 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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Hnk Legal Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for hnk legal limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in TQ12 area or any other competitors across 12 key performance metrics.

hnk legal limited Ownership

HNK LEGAL LIMITED group structure

Hnk Legal Limited has no subsidiary companies.

Ultimate parent company

HNK LEGAL LIMITED

12128355

HNK LEGAL LIMITED Shareholders

kind group limited 25%
apcn limited 25%
vermat 25%
yonder tor ltd 25%

hnk legal limited directors

Hnk Legal Limited currently has 2 directors. The longest serving directors include Mr Eric Kind (Jul 2019) and Ravi Naik (Oct 2019).

officercountryagestartendrole
Mr Eric KindEngland35 years Jul 2019- Director
Ravi NaikUnited Kingdom40 years Oct 2019- Director

P&L

December 2023

turnover

1.8m

+22%

operating profit

-194.2k

0%

gross margin

38.2%

-0.31%

turnover

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

Balance Sheet

December 2023

net assets

403k

-0.32%

total assets

787k

+0.05%

cash

33.4k

+0.18%

net assets

Total assets minus all liabilities

hnk legal limited company details

company number

12128355

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

July 2019

age

6

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

wessex house teign road, newton abbot, TQ12 4AA

Bank

-

Legal Advisor

-

hnk legal 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 did not find charges/mortgages relating to hnk legal limited.

hnk legal 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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hnk legal limited Companies House Filings - See Documents

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