Pomanda estimates the enterprise value of HOFY LTD at £9.6m based on a Turnover of £18.1m and 0.53x industry multiple (adjusted for size and gross margin).
hofy ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of HOFY LTD at £0 based on an EBITDA of £-2.1m and a 6.03x industry multiple (adjusted for size and gross margin).
hofy ltdEstimated Valuation
£9.8m
Pomanda estimates the enterprise value of HOFY LTD at £9.8m based on Net Assets of £6m and 1.62x industry multiple (adjusted for liquidity).
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Hofy LtdOverview
Hofy Ltd is a live company located in london, EC4A 3TW with a Companies House number of 12507645. It operates in the wholesale of office furniture sector, SIC Code 46650. Founded in March 2020, it's largest shareholder is
deel inc
with a 100% stake. Hofy Ltd is a young,
mid sized company, Pomanda has estimated its turnover at
£18.1m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Hofy Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
5 Strong
1 Regular
6 Weak
Size
annual sales of £18.1m, make it in line with the average company (£18.7m)
£18.1m - Hofy Ltd
£18.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 167%, show it is growing at a faster rate (14.2%)
167% - Hofy Ltd
14.2% - Industry AVG
Production
with a gross margin of 45.1%, this company has a lower cost of product (25%)
45.1% - Hofy Ltd
25% - Industry AVG
Profitability
an operating margin of -40.6% make it less profitable than the average company (4%)
-40.6% - Hofy Ltd
4% - Industry AVG
Employees
with 64 employees, this is above the industry average (51)
64 - Hofy Ltd
51 - Industry AVG
Pay Structure
on an average salary of £159.1k, the company has a higher pay structure (£58.4k)
£159.1k - Hofy Ltd
£58.4k - Industry AVG
Efficiency
resulting in sales per employee of £283.3k, this is less efficient (£374k)
£283.3k - Hofy Ltd
£374k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (56 days)
94 days - Hofy Ltd
56 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (42 days)
24 days - Hofy Ltd
42 days - Industry AVG
Stock Days
it holds stock equivalent to 76 days, this is more than average (23 days)
76 days - Hofy Ltd
23 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 12 weeks, this is more cash available to meet short term requirements (5 weeks)
12 weeks - Hofy Ltd
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.4%, this is a lower level of debt than the average (83.5%)
74.4% - Hofy Ltd
83.5% - Industry AVG
HOFY LTD financials
EXPORT
Hofy Ltd's latest turnover from January 2024 is £18.1 million and the company has net assets of £6 million. According to their latest financial statements, Hofy Ltd has 64 employees and maintains cash reserves of £3.9 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jan 2024
Jan 2023
Jan 2022
Mar 2021
Turnover
18,133,233
13,057,176
6,281,947
952,879
Other Income Or Grants
Cost Of Sales
9,957,112
9,581,099
4,484,658
669,879
Gross Profit
8,176,121
3,476,077
1,797,289
283,000
Admin Expenses
15,536,539
10,950,216
3,795,331
810,132
Operating Profit
-7,360,418
-7,474,139
-1,998,042
-527,132
Interest Payable
556,694
236,753
11,564
1
Interest Receivable
193,365
253,731
6,509
510
Pre-Tax Profit
-7,723,747
-7,457,161
-2,003,097
-526,623
Tax
-71,703
Profit After Tax
-7,795,450
-7,457,161
-2,003,097
-526,623
Dividends Paid
Retained Profit
-7,795,450
-7,457,161
-2,003,097
-526,623
Employee Costs
10,181,411
4,342,906
1,065,701
195,388
Number Of Employees
64
77
28
5
EBITDA*
-2,077,783
-5,637,189
-1,640,559
-527,132
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jan 2024
Jan 2023
Jan 2022
Mar 2021
Tangible Assets
12,361,452
6,457,303
1,908,853
5,092
Intangible Assets
130,704
163,380
163,380
Investments & Other
8
8
Debtors (Due After 1 year)
200,017
64,050
Total Fixed Assets
12,492,156
6,820,708
2,136,291
5,092
Stock & work in progress
2,080,237
880,291
955,173
285,441
Trade Debtors
4,674,958
2,383,394
925,753
4,680
Group Debtors
1,811,704
1,356,852
Misc Debtors
402,819
90,536
218,111
37,527
Cash
3,853,868
10,312,136
4,186,774
1,020,413
misc current assets
total current assets
11,011,882
15,478,061
7,642,663
1,348,061
total assets
23,504,038
22,298,769
9,778,954
1,353,153
Bank overdraft
1,134
46
Bank loan
Trade Creditors
675,728
255,762
266,576
6,952
Group/Directors Accounts
other short term finances
2,876,862
370,000
hp & lease commitments
other current liabilities
15,388,559
3,924,829
624,670
37,756
total current liabilities
16,064,287
7,058,587
1,261,246
44,754
loans
1,736,285
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
1,419,184
total long term liabilities
1,419,184
1,736,285
total liabilities
17,483,471
8,794,872
1,261,246
44,754
net assets
6,020,567
13,503,897
8,517,708
1,308,399
total shareholders funds
6,020,567
13,503,897
8,517,708
1,308,399
Jan 2024
Jan 2023
Jan 2022
Mar 2021
Operating Activities
Operating Profit
-7,360,418
-7,474,139
-1,998,042
-527,132
Depreciation
5,282,635
1,836,950
194,103
Amortisation
163,380
Tax
-71,703
Stock
1,199,946
-74,882
669,732
285,441
Debtors
592,126
1,920,885
2,522,559
42,207
Creditors
419,966
-10,814
259,624
6,952
Accruals and Deferred Income
11,463,730
3,300,159
586,914
37,756
Deferred Taxes & Provisions
1,419,184
Cash flow from operations
9,361,322
-4,193,847
-3,986,312
-810,072
Investing Activities
capital expenditure
-6,385,400
-2,424,624
-5,092
Change in Investments
-8
8
cash flow from investments
8
-6,385,400
-2,424,632
-5,092
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-2,876,862
2,506,862
370,000
Long term loans
-1,736,285
1,736,285
Hire Purchase and Lease Commitments
other long term liabilities
share issue
312,120
12,443,350
9,212,406
1,835,022
interest
-363,329
16,978
-5,055
509
cash flow from financing
-4,664,356
16,703,475
9,577,351
1,835,531
cash and cash equivalents
cash
-6,458,268
6,125,362
3,166,361
1,020,413
overdraft
-1,134
1,134
-46
46
change in cash
-6,457,134
6,124,228
3,166,407
1,020,367
hofy ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for hofy ltd. Get real-time insights into hofy ltd's credit score, group structure and payment trends.
Perform a competitor analysis for hofy ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in EC4A area or any other competitors across 12 key performance metrics.
hofy ltd Ownership
HOFY LTD group structure
Hofy Ltd has no subsidiary companies.
Ultimate parent company
HOFY LTD
12507645
HOFY LTD Shareholders
The sole shareholder of Hofy Ltd is Deel Inc.
deel inc
100%
hofy ltd directors
Hofy Ltd currently has 3 directors.
The longest serving directors include
Dr Sami Bouremoum (Mar 2020) and
Mr Russell Buckley (Aug 2020).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024
net assets
6m
-0.55%
total assets
23.5m
+0.05%
cash
3.9m
-0.63%
net assets
Total assets minus all liabilities
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hofy ltd company details
company number
12507645
Type
Private limited with Share Capital
industry
46650 - Wholesale of office furniture
incorporation date
March 2020
age
5
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
January 2024
previous names
N/A
accountant
-
auditor
COOPER PARRY GROUP LIMITED
address
5 new street square, london, EC4A 3TW
Bank
-
Legal Advisor
-
hofy 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 hofy ltd.
hofy 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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