hexcite holdings limited
hexcite holdings limited Company Information
Company Number
12825384
Website
hexcite-group.comRegistered Address
36 hamilton terrace, leamington spa, warwickshire, CV32 4LY
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
01926430077
Next Accounts Due
409 days late
Group Structure
View All
Shareholders
elaghmore gp llp 100%
hexcite holdings limited Estimated Valuation
Pomanda estimates the enterprise value of HEXCITE HOLDINGS LIMITED at £66.4m based on a Turnover of £31.6m and 2.1x industry multiple (adjusted for size and gross margin).
hexcite holdings limited Estimated Valuation
Pomanda estimates the enterprise value of HEXCITE HOLDINGS LIMITED at £0 based on an EBITDA of £-1.5m and a 8.02x industry multiple (adjusted for size and gross margin).
hexcite holdings limited Estimated Valuation
Pomanda estimates the enterprise value of HEXCITE HOLDINGS LIMITED at £0 based on Net Assets of £-33.6m and 1.81x industry multiple (adjusted for liquidity).
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Hexcite Holdings Limited Overview
Hexcite Holdings Limited is a live company located in warwickshire, CV32 4LY with a Companies House number of 12825384. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in August 2020, it's largest shareholder is elaghmore gp llp with a 100% stake. Hexcite Holdings Limited is a startup, large sized company, Pomanda has estimated its turnover at £31.6m with unknown growth in recent years.
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Hexcite Holdings Limited Health Check
Pomanda's financial health check has awarded Hexcite Holdings Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £31.6m, make it larger than the average company (£15.7m)
£31.6m - Hexcite Holdings Limited
£15.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Hexcite Holdings Limited
- - Industry AVG
Production
with a gross margin of 38.3%, this company has a comparable cost of product (34.9%)
38.3% - Hexcite Holdings Limited
34.9% - Industry AVG
Profitability
an operating margin of -9.6% make it less profitable than the average company (4.9%)
-9.6% - Hexcite Holdings Limited
4.9% - Industry AVG
Employees
with 531 employees, this is above the industry average (103)
531 - Hexcite Holdings Limited
103 - Industry AVG
Pay Structure
on an average salary of £30k, the company has a lower pay structure (£39.7k)
£30k - Hexcite Holdings Limited
£39.7k - Industry AVG
Efficiency
resulting in sales per employee of £59.5k, this is less efficient (£160.4k)
£59.5k - Hexcite Holdings Limited
£160.4k - Industry AVG
Debtor Days
it gets paid by customers after 100 days, this is later than average (48 days)
100 days - Hexcite Holdings Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 566 days, this is slower than average (50 days)
566 days - Hexcite Holdings Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 59 days, this is more than average (44 days)
59 days - Hexcite Holdings Limited
44 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (18 weeks)
0 weeks - Hexcite Holdings Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 252%, this is a higher level of debt than the average (71.2%)
252% - Hexcite Holdings Limited
71.2% - Industry AVG
HEXCITE HOLDINGS LIMITED financials
Hexcite Holdings Limited's latest turnover from December 2021 is £31.6 million and the company has net assets of -£33.6 million. According to their latest financial statements, Hexcite Holdings Limited has 531 employees and maintains cash reserves of £253.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | |
|---|---|---|
| Turnover | 31,580,618 | 44,353,489 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 19,478,268 | 31,553,100 |
| Gross Profit | 12,102,350 | 12,800,389 |
| Admin Expenses | 15,125,446 | 15,504,734 |
| Operating Profit | -3,023,096 | -2,704,345 |
| Interest Payable | 2,061,786 | 3,047,004 |
| Interest Receivable | 0 | 0 |
| Pre-Tax Profit | -20,995,469 | -5,751,349 |
| Tax | -286,936 | -254,882 |
| Profit After Tax | -21,282,405 | -6,006,231 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -21,282,405 | -6,006,231 |
| Employee Costs | 15,944,197 | 9,529,832 |
| Number Of Employees | 531 | 532 |
| EBITDA* | -1,452,481 | -1,120,986 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | |
|---|---|---|
| Tangible Assets | 4,586,635 | 5,954,995 |
| Intangible Assets | 2,774,760 | 5,034,178 |
| Investments & Other | 2,651,101 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 10,012,496 | 10,989,173 |
| Stock & work in progress | 3,150,789 | 4,707,377 |
| Trade Debtors | 8,674,622 | 14,314,490 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 1,388,679 |
| Cash | 253,324 | 1,072,324 |
| misc current assets | 0 | 0 |
| total current assets | 12,078,735 | 21,482,870 |
| total assets | 22,091,231 | 32,472,043 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 30,214,907 | 6,457,512 |
| Group/Directors Accounts | 0 | 99,727 |
| other short term finances | 0 | 1,757,024 |
| hp & lease commitments | 0 | 775,754 |
| other current liabilities | 0 | 15,647,071 |
| total current liabilities | 30,214,907 | 24,737,088 |
| loans | 0 | 19,208,114 |
| hp & lease commitments | 0 | 826,521 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 25,324,986 | 0 |
| provisions | 125,807 | 205,430 |
| total long term liabilities | 25,450,793 | 20,240,065 |
| total liabilities | 55,665,700 | 44,977,153 |
| net assets | -33,574,469 | -12,505,110 |
| total shareholders funds | -33,574,469 | -12,505,110 |
| Dec 2021 | Dec 2020 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -3,023,096 | -2,704,345 |
| Depreciation | 1,183,130 | 1,248,982 |
| Amortisation | 387,485 | 334,377 |
| Tax | -286,936 | -254,882 |
| Stock | -1,556,588 | 4,707,377 |
| Debtors | -7,028,547 | 15,703,169 |
| Creditors | 23,757,395 | 6,457,512 |
| Accruals and Deferred Income | -15,647,071 | 15,647,071 |
| Deferred Taxes & Provisions | -79,623 | 205,430 |
| Cash flow from operations | 14,876,419 | 523,599 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 2,651,101 | 0 |
| cash flow from investments | -2,651,101 | 0 |
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | -99,727 | 99,727 |
| Other Short Term Loans | -1,757,024 | 1,757,024 |
| Long term loans | -19,208,114 | 19,208,114 |
| Hire Purchase and Lease Commitments | -1,602,275 | 1,602,275 |
| other long term liabilities | 25,324,986 | 0 |
| share issue | ||
| interest | -2,061,786 | -3,047,004 |
| cash flow from financing | 809,106 | 13,121,257 |
| cash and cash equivalents | ||
| cash | -819,000 | 1,072,324 |
| overdraft | 0 | 0 |
| change in cash | -819,000 | 1,072,324 |
hexcite holdings limited Credit Report and Business Information
Hexcite Holdings Limited Competitor Analysis
Perform a competitor analysis for hexcite holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in CV32 area or any other competitors across 12 key performance metrics.
hexcite holdings limited Ownership
HEXCITE HOLDINGS LIMITED group structure
Hexcite Holdings Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
HEXCITE HOLDINGS LIMITED
12825384
2 subsidiaries
hexcite holdings limited directors
Hexcite Holdings Limited currently has 4 directors. The longest serving directors include Mr James Moir (Aug 2020) and Mr Michael Rice (Aug 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Moir | United Kingdom | 59 years | Aug 2020 | - | Director |
| Mr Michael Rice | United Kingdom | 42 years | Aug 2020 | - | Director |
| Mr Andrew Ducker | England | 61 years | Aug 2020 | - | Director |
| Mr Wesley Mulligan | 61 years | Sep 2021 | - | Director |
P&L
December 2021turnover
31.6m
-29%
operating profit
-3m
+12%
gross margin
38.4%
+32.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
-33.6m
+1.68%
total assets
22.1m
-0.32%
cash
253.3k
-0.76%
net assets
Total assets minus all liabilities
Similar Companies
hexcite holdings limited company details
company number
12825384
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
August 2020
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2021
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
36 hamilton terrace, leamington spa, warwickshire, CV32 4LY
Bank
BARCLAYS
Legal Advisor
MILLS & REEVE
hexcite 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 did not find charges/mortgages relating to hexcite holdings limited.
hexcite holdings limited Companies House Filings - See Documents
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