Hulltec Ltd

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hulltec ltd Company Information

Company Number

NI029939

Next Accounts

Jun 2025

Directors

Raymond Stafford

Christopher Mc Mahon

Shareholders

mr christopher paul mcmahon

mr raymond gerard stafford

Group Structure

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Industry

Other business support service activities n.e.c.

Registered Address

unit 39 farset enterprise park, 638 springfield road, belfast, BT12 7DY

Website

www.hulltec.com

hulltec ltd Estimated Valuation

£159k

Pomanda estimates the enterprise value of HULLTEC LTD at £159k based on a Turnover of £285.5k and 0.56x industry multiple (adjusted for size and gross margin).

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Hulltec Ltd is a live company located in belfast, BT12 7DY with a Companies House number of NI029939. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 1995, it's largest shareholder is mr christopher paul mcmahon with a 50% stake. Hulltec Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £285.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Hulltec Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

0 Strong

4 Regular

7 Weak

Size

annual sales of £285.5k, make it smaller than the average company (£3.9m)

Growth

3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (5.3%)

EXPORT

Hulltec Ltd's latest turnover from September 2023 is estimated at £285.5 thousand and the company has net assets of £49 thousand. According to their latest financial statements, Hulltec Ltd has 2 employees and maintains cash reserves of £14.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	285,482	451,172	245,865	756,964	130,601	194,426	153,383	265,167	601,801	250,270	498,607	879,763	701,060	359,551	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	177,585	279,927	155,222	473,432	82,004	121,905	94,788	164,593	381,335	160,911	321,476	552,004	429,840	215,325	0
Gross Profit	107,896	171,245	90,644	283,532	48,597	72,521	58,594	100,574	220,466	89,360	177,130	327,759	271,220	144,226	0
Admin Expenses	191,392	136,415	86,798	130,661	90,759	43,275	84,855	140,728	152,777	89,806	218,739	288,445	283,055	208,622	-121,130
Operating Profit	-83,496	34,830	3,846	152,871	-42,162	29,246	-26,261	-40,154	67,689	-446	-41,609	39,314	-11,835	-64,396	121,130
Interest Payable	2	2	1	142	157	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,528	1,312	44	7	101	135	69	119	284	214	292	427	296	156	47
Pre-Tax Profit	-81,970	36,140	3,889	152,736	-42,218	29,381	-26,192	-40,035	67,974	-232	-41,317	39,741	-11,539	-64,240	121,176
Tax	0	-6,867	-739	-29,020	0	-5,582	0	0	-13,595	0	0	-9,538	0	0	-33,929
Profit After Tax	-81,970	29,273	3,150	123,716	-42,218	23,799	-26,192	-40,035	54,379	-232	-41,317	30,203	-11,539	-64,240	87,247
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-81,970	29,273	3,150	123,716	-42,218	23,799	-26,192	-40,035	54,379	-232	-41,317	30,203	-11,539	-64,240	87,247
Employee Costs	97,086	91,694	86,150	83,828	82,962	78,548	75,724	114,050	188,400	75,239	147,955	257,308	217,449	106,167	0
Number Of Employees	2	2	2	2	2	2	2	3	5	2	4	7	6	3	0
EBITDA*	-72,731	49,924	6,652	156,152	-37,913	31,756	-23,109	-36,565	72,007	4,986	-34,775	47,918	-1,000	-50,746	137,638

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	45,761	48,250	27,729	11,338	14,619	9,868	12,377	15,529	17,618	21,187	26,619	33,453	42,057	52,892	56,155
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	45,761	48,250	27,729	11,338	14,619	9,868	12,377	15,529	17,618	21,187	26,619	33,453	42,057	52,892	56,155
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	51,682	104,496	47,617	171,134	9,711	23,592	18,750	30,567	68,872	4,260	49,911	88,584	62,178	30,825	160,552
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	25,003	577	19,500	29,182	9,895	9,212	5,180	5,211	9,172	0	0	0	0	0	0
Cash	14,460	43,753	72,836	14,711	0	26,835	9,177	46,114	49,233	64,521	20,940	95,771	75,052	43,518	18,694
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	91,145	148,826	139,953	215,027	19,606	59,639	33,107	81,892	127,277	68,781	70,851	184,355	137,230	74,343	179,246
total assets	136,906	197,076	167,682	226,365	34,225	69,507	45,484	97,421	144,895	89,968	97,470	217,808	179,287	127,235	235,401
Bank overdraft	20	20	20	20	4,639	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,999	5,716	1,784	25,302	7,291	0	0	0	0	81,543	86,797	165,818	156,122	90,371	134,175
Group/Directors Accounts	0	0	0	0	0	7,101	4,880	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	61,747	40,517	61,985	100,023	40,491	42,575	44,572	75,197	82,636	0	0	0	0	0	0
total current liabilities	63,766	46,253	63,789	125,345	52,421	49,676	49,452	75,197	82,636	81,543	86,797	165,818	156,122	90,371	134,175
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	12,676	17,657	0	0	4,500	0	0	0	0	0	0	0	0	0	0
provisions	11,440	2,172	2,172	2,449	2,449	2,758	2,758	2,758	2,758	3,303	5,319	5,319	6,697	8,857	8,979
total long term liabilities	24,116	19,829	2,172	2,449	6,949	2,758	2,758	2,758	2,758	3,303	5,319	5,319	6,697	8,857	8,979
total liabilities	87,882	66,082	65,961	127,794	59,370	52,434	52,210	77,955	85,394	84,846	92,116	171,137	162,819	99,228	143,154
net assets	49,024	130,994	101,721	98,571	-25,145	17,073	-6,726	19,466	59,501	5,122	5,354	46,671	16,468	28,007	92,247
total shareholders funds	49,024	130,994	101,721	98,571	-25,145	17,073	-6,726	19,466	59,501	5,122	5,354	46,671	16,468	28,007	92,247

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-83,496	34,830	3,846	152,871	-42,162	29,246	-26,261	-40,154	67,689	-446	-41,609	39,314	-11,835	-64,396	121,130
Depreciation	10,765	15,094	2,806	3,281	4,249	2,510	3,152	3,589	4,318	5,432	6,834	8,604	10,835	13,650	16,508
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-6,867	-739	-29,020	0	-5,582	0	0	-13,595	0	0	-9,538	0	0	-33,929
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-28,388	37,956	-133,199	180,710	-13,198	8,874	-11,848	-42,266	73,784	-45,651	-38,673	26,406	31,353	-129,727	160,552
Creditors	-3,717	3,932	-23,518	18,011	7,291	0	0	0	-81,543	-5,254	-79,021	9,696	65,751	-43,804	134,175
Accruals and Deferred Income	21,230	-21,468	-38,038	59,532	-2,084	-1,997	-30,625	-7,439	82,636	0	0	0	0	0	0
Deferred Taxes & Provisions	9,268	0	-277	0	-309	0	0	0	-545	-2,016	0	-1,378	-2,160	-122	8,979
Cash flow from operations	-17,562	-12,435	77,279	23,965	-19,817	15,303	-41,886	-1,738	-14,824	43,367	-75,123	20,292	31,238	35,055	86,311
Investing Activities
capital expenditure	-8,276	-35,615	-19,197	0	-9,000	-1	0	-1,500	-749	0	0	0	0	-10,387	-72,663
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-8,276	-35,615	-19,197	0	-9,000	-1	0	-1,500	-749	0	0	0	0	-10,387	-72,663
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-7,101	2,221	4,880	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-4,981	17,657	0	-4,500	4,500	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,000
interest	1,526	1,310	43	-135	-56	135	69	119	284	214	292	427	296	156	47
cash flow from financing	-3,455	18,967	43	-4,635	-2,657	2,356	4,949	119	284	214	292	427	296	156	5,047
cash and cash equivalents
cash	-29,293	-29,083	58,125	14,711	-26,835	17,658	-36,937	-3,119	-15,288	43,581	-74,831	20,719	31,534	24,824	18,694
overdraft	0	0	0	-4,619	4,639	0	0	0	0	0	0	0	0	0	0
change in cash	-29,293	-29,083	58,125	19,330	-31,474	17,658	-36,937	-3,119	-15,288	43,581	-74,831	20,719	31,534	24,824	18,694

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HULLTEC LTD group structure

Hulltec Ltd has no subsidiary companies.

Ultimate parent company

HULLTEC LTD

NI029939

HULLTEC LTD Shareholders

mr christopher paul mcmahon	50%
mr raymond gerard stafford	50%

Hulltec Ltd currently has 2 directors. The longest serving directors include Mr Raymond Stafford (Sep 1995) and Mr Christopher Mc Mahon (Sep 1995).

officer	country	age	start	end	role
Mr Raymond Stafford	Northern Ireland	59 years	Sep 1995	-	Director
Mr Christopher Mc Mahon	Northern Ireland	57 years	Sep 1995	-	Director

P&L

September 2023

turnover

285.5k

-37%

operating profit

-83.5k

gross margin

37.8%

-0.42%

turnover

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

Balance Sheet

September 2023

net assets

49k

-0.63%

total assets

136.9k

-0.31%

cash

14.5k

-0.67%

net assets

Total assets minus all liabilities

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company number

NI029939

Type

Private limited with Share Capital

industry

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

incorporation date

September 1995

ultimate parent company

None

previous names

N/A

address

unit 39 farset enterprise park, 638 springfield road, belfast, BT12 7DY

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 2 charges/mortgages relating to hulltec ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

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hulltec ltd Company Information

hulltec ltd Estimated Valuation

hulltec ltd Estimated Valuation

hulltec ltd Estimated Valuation

Hulltec Ltd Overview

Hulltec Ltd Health Check

HULLTEC LTD financials

hulltec ltd Credit Report and Business Information

Hulltec Ltd Competitor Analysis

hulltec ltd Ownership

hulltec ltd directors

hulltec ltd company details

hulltec ltd Charges & Mortgages

hulltec ltd Capital Raised & Share Issues BETA

hulltec ltd Companies House Filings - See Documents