harmer services ltd

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harmer services ltd Company Information

Share HARMER SERVICES LTD

Company Number

13301567

Shareholders

joe harmer

billy paul harmer

Group Structure

View All

Industry

Plumbing, heat and air-conditioning installation

 

Registered Address

1 kings avenue, london, N21 3NA

Website

-

harmer services ltd Estimated Valuation

£483.1k

Pomanda estimates the enterprise value of HARMER SERVICES LTD at £483.1k based on a Turnover of £1.2m and 0.42x industry multiple (adjusted for size and gross margin).

harmer services ltd Estimated Valuation

£632.6k

Pomanda estimates the enterprise value of HARMER SERVICES LTD at £632.6k based on an EBITDA of £179.4k and a 3.53x industry multiple (adjusted for size and gross margin).

harmer services ltd Estimated Valuation

£790.8k

Pomanda estimates the enterprise value of HARMER SERVICES LTD at £790.8k based on Net Assets of £279.8k and 2.83x industry multiple (adjusted for liquidity).

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Harmer Services Ltd Overview

Harmer Services Ltd is a live company located in london, N21 3NA with a Companies House number of 13301567. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in March 2021, it's largest shareholder is joe harmer with a 50% stake. Harmer Services Ltd is a startup, small sized company, Pomanda has estimated its turnover at £1.2m with unknown growth in recent years.

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Harmer Services Ltd Health Check

Pomanda's financial health check has awarded Harmer Services Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

2 Weak

size

Size

annual sales of £1.2m, make it larger than the average company (£386k)

£1.2m - Harmer Services Ltd

£386k - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Harmer Services Ltd

- - Industry AVG

production

Production

with a gross margin of 18.3%, this company has a higher cost of product (29.1%)

18.3% - Harmer Services Ltd

29.1% - Industry AVG

profitability

Profitability

an operating margin of 15.5% make it more profitable than the average company (5.7%)

15.5% - Harmer Services Ltd

5.7% - Industry AVG

employees

Employees

with 5 employees, this is above the industry average (4)

5 - Harmer Services Ltd

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.8k, the company has an equivalent pay structure (£32.8k)

£32.8k - Harmer Services Ltd

£32.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £231.8k, this is more efficient (£115.5k)

£231.8k - Harmer Services Ltd

£115.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 137 days, this is later than average (52 days)

137 days - Harmer Services Ltd

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 71 days, this is slower than average (46 days)

71 days - Harmer Services Ltd

46 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Harmer Services Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Harmer Services Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 39.8%, this is a lower level of debt than the average (63.4%)

39.8% - Harmer Services Ltd

63.4% - Industry AVG

HARMER SERVICES LTD financials

EXPORTms excel logo

Harmer Services Ltd's latest turnover from March 2024 is estimated at £1.2 million and the company has net assets of £279.8 thousand. According to their latest financial statements, Harmer Services Ltd has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022
Turnover1,159,132856,590385,785
Other Income Or Grants
Cost Of Sales946,689705,795316,234
Gross Profit212,443150,79569,551
Admin Expenses33,07027,87813,089
Operating Profit179,373122,91756,462
Interest Payable
Interest Receivable
Pre-Tax Profit179,373122,91756,462
Tax-44,843-23,354-10,728
Profit After Tax134,53099,56345,734
Dividends Paid
Retained Profit134,53099,56345,734
Employee Costs164,197168,340135,720
Number Of Employees554
EBITDA*179,373122,91756,462

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022
Tangible Assets28,30010,50015,750
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets28,30010,50015,750
Stock & work in progress
Trade Debtors436,699305,324126,725
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets436,699305,324126,725
total assets464,999315,824142,475
Bank overdraft
Bank loan
Trade Creditors 185,172170,52796,741
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities185,172170,52796,741
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities185,172170,52796,741
net assets279,827145,29745,734
total shareholders funds279,827145,29745,734
Mar 2024Mar 2023Mar 2022
Operating Activities
Operating Profit179,373122,91756,462
Depreciation
Amortisation
Tax-44,843-23,354-10,728
Stock
Debtors131,375178,599126,725
Creditors14,64573,78696,741
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations17,800-5,25015,750
Investing Activities
capital expenditure-17,8005,250-15,750
Change in Investments
cash flow from investments-17,8005,250-15,750
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing
cash and cash equivalents
cash
overdraft
change in cash

harmer services 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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Harmer Services Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for harmer services ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in N21 area or any other competitors across 12 key performance metrics.

harmer services ltd Ownership

HARMER SERVICES LTD group structure

Harmer Services Ltd has no subsidiary companies.

Ultimate parent company

HARMER SERVICES LTD

13301567

HARMER SERVICES LTD Shareholders

joe harmer 50%
billy paul harmer 50%

harmer services ltd directors

Harmer Services Ltd currently has 2 directors. The longest serving directors include Mr Billy Harmer (Mar 2021) and Mr Joe Harmer (Mar 2021).

officercountryagestartendrole
Mr Billy HarmerUnited Kingdom38 years Mar 2021- Director
Mr Joe HarmerUnited Kingdom36 years Mar 2021- Director

P&L

March 2024

turnover

1.2m

+35%

operating profit

179.4k

0%

gross margin

18.4%

+4.11%

turnover

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

Balance Sheet

March 2024

net assets

279.8k

+0.93%

total assets

465k

+0.47%

cash

0

0%

net assets

Total assets minus all liabilities

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harmer services ltd company details

company number

13301567

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

March 2021

age

4

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

1 kings avenue, london, N21 3NA

Bank

-

Legal Advisor

-

harmer services 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 harmer services ltd.

harmer services 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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harmer services ltd Companies House Filings - See Documents

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