Hetherington Properties Limited

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hetherington properties limited Company Information

Live

EstablishedSmallLow

Company Number

NI059084

Next Accounts

Jan 2025

Industry

Buying and selling of own real estate

Directors

Gary Hetherington

William Hetherington

Shareholders

william mark hetherington

gary hetherington

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Group Structure

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Contact

Registered Address

32 east bridge street, enniskillen, county fermanagh, BT74 7BT

Website

hetherington properties limited Estimated Valuation

£8m

Pomanda estimates the enterprise value of HETHERINGTON PROPERTIES LIMITED at £8m based on a Turnover of £4.4m and 1.83x industry multiple (adjusted for size and gross margin).

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Hetherington Properties Limited is a live company located in county fermanagh, BT74 7BT with a Companies House number of NI059084. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in April 2006, it's largest shareholder is william mark hetherington with a 50% stake. Hetherington Properties Limited is a established, small sized company, Pomanda has estimated its turnover at £4.4m with low growth in recent years.

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Pomanda's financial health check has awarded Hetherington Properties Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

4 Weak

Size

annual sales of £4.4m, make it larger than the average company (£827.9k)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a faster rate (2.1%)

EXPORT

Hetherington Properties Limited's latest turnover from April 2023 is estimated at £4.4 million and the company has net assets of £3.3 million. According to their latest financial statements, we estimate that Hetherington Properties Limited has 7 employees and maintains cash reserves of £25.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	4,388,091	3,883,665	3,534,742	4,031,002	2,793,844	2,917,574	2,903,292	1,217,625	387,195	636,437	318,003	256,946	255,316	255,190
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,217,503	2,796,175	2,686,390	3,168,316	2,094,873	2,185,157	2,232,744	905,343	297,738	508,962	252,551	206,545	209,055	211,606
Gross Profit	1,170,588	1,087,490	848,352	862,686	698,971	732,417	670,548	312,282	89,457	127,474	65,452	50,401	46,261	43,584
Admin Expenses	1,064,488	940,743	800,827	754,034	432,500	521,622	495,075	275,915	-33,509	19,745	-51,960	-107,245	-112,700	-216,562
Operating Profit	106,100	146,747	47,525	108,652	266,471	210,795	175,473	36,367	122,966	107,729	117,412	157,646	158,961	260,146
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,424	422	82	106	1,429	1,000	744	1,273	133	0	1	3	3	1
Pre-Tax Profit	107,524	147,169	47,607	108,758	267,900	211,795	176,217	37,640	123,099	107,729	117,413	157,649	158,964	260,147
Tax	-26,881	-27,962	-9,045	-20,664	-50,901	-40,241	-33,481	-7,528	-24,620	-22,623	-27,005	-37,836	-41,331	-72,841
Profit After Tax	80,643	119,207	38,562	88,094	216,999	171,554	142,736	30,112	98,479	85,106	90,408	119,813	117,633	187,306
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	80,643	119,207	38,562	88,094	216,999	171,554	142,736	30,112	98,479	85,106	90,408	119,813	117,633	187,306
Employee Costs	255,147	218,470	214,875	242,177	38,775	183,707	178,393	76,915	35,033	36,591	35,112	33,478	34,048	33,139
Number Of Employees	7	6	6	6	1	5	5	2	1	1	1	1	1	1
EBITDA*	140,899	169,768	59,428	129,094	290,650	239,412	209,621	93,983	196,916	181,367	200,186	225,337	215,521	289,565

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	4,808,635	4,701,824	4,601,770	4,613,673	4,634,115	2,637,029	2,667,088	2,781,292	2,835,607	2,846,407	2,737,409	369,097	317,638	172,970
Intangible Assets	0	0	0	0	0	0	0	0	0	9,000	18,000	27,000	36,000	0
Investments & Other	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
Total Fixed Assets	4,808,635	4,701,824	4,601,770	4,613,673	4,634,115	2,637,029	2,667,088	2,781,292	2,835,607	2,855,407	2,755,409	396,097	353,638	172,970
Stock & work in progress	84,500	95,000	95,000	97,425	0	0	0	187,500	450,000	16,000	16,000	2,237,643	2,237,643	2,243,643
Trade Debtors	1,578,133	1,518,426	1,466,354	1,439,956	1,007,046	720,829	688,564	307,678	59,478	138,649	58,044	37,224	48,762	52,499
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	25,811	41,196	71,458	92,900	119,836	261,117	138,818	456,410	52,947	152	0	566	566	565
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,688,444	1,654,622	1,632,812	1,630,281	1,126,882	981,946	827,382	951,588	562,425	154,801	74,044	2,275,433	2,286,971	2,296,707
total assets	6,497,079	6,356,446	6,234,582	6,243,954	5,760,997	3,618,975	3,494,470	3,732,880	3,398,032	3,010,208	2,829,453	2,671,530	2,640,609	2,469,677
Bank overdraft	0	0	0	0	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
Trade Creditors	565,472	534,224	382,268	537,351	1,216,860	1,208,261	1,149,416	1,309,372	783,811	561,442	510,571	426,612	454,566	438,077
Group/Directors Accounts	0	0	0	0	0	0	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	565,472	534,224	382,268	537,351	1,216,860	1,208,261	1,149,416	1,309,372	783,811	561,442	510,571	426,612	454,566	438,077
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	2,264,949	2,256,501	2,424,813	2,315,400	1,237,242	1,337,489	1,437,672	1,639,303	1,915,474	1,848,498	1,803,720	1,820,164	1,881,102	1,844,292
provisions	351,988	331,694	312,681	314,945	318,829	30,076	35,787	55,346	0	0	0	0	0	0
total long term liabilities	2,616,937	2,588,195	2,737,494	2,630,345	1,556,071	1,367,565	1,473,459	1,694,649	1,915,474	1,848,498	1,803,720	1,820,164	1,881,102	1,844,292
total liabilities	3,182,409	3,122,419	3,119,762	3,167,696	2,772,931	2,575,826	2,622,875	3,004,021	2,699,285	2,409,940	2,314,291	2,246,776	2,335,668	2,282,369
net assets	3,314,670	3,234,027	3,114,820	3,076,258	2,988,066	1,043,149	871,595	728,859	698,747	600,268	515,162	424,754	304,941	187,308
total shareholders funds	3,314,670	3,234,027	3,114,820	3,076,258	2,988,066	1,043,149	871,595	728,859	698,747	600,268	515,162	424,754	304,941	187,308

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	106,100	146,747	47,525	108,652	266,471	210,795	175,473	36,367	122,966	107,729	117,412	157,646	158,961	260,146
Depreciation	34,799	23,021	11,903	20,442	24,179	28,617	34,148	57,616	64,950	64,638	73,774	58,691	47,560	29,419
Amortisation	0	0	0	0	0	0	0	0	9,000	9,000	9,000	9,000	9,000	0
Tax	-26,881	-27,962	-9,045	-20,664	-50,901	-40,241	-33,481	-7,528	-24,620	-22,623	-27,005	-37,836	-41,331	-72,841
Stock	-10,500	0	-2,425	97,425	0	0	-187,500	-262,500	434,000	0	-2,221,643	0	-6,000	2,243,643
Debtors	59,707	52,072	26,398	432,910	286,217	32,265	380,886	248,200	-79,171	80,605	20,820	-11,538	-3,737	52,499
Creditors	31,248	151,956	-155,083	-679,509	8,599	58,845	-159,956	525,561	222,369	50,871	83,959	-27,954	16,489	438,077
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	20,294	19,013	-2,264	-3,884	288,753	-5,711	-19,559	55,346	0	0	0	0	0	0
Cash flow from operations	116,353	260,703	-130,937	-1,105,298	250,884	220,040	-196,761	681,662	39,836	129,010	2,457,963	171,085	200,416	-1,641,341
Investing Activities
capital expenditure	-141,610	-123,075	0	0	-2,021,265	1,442	80,056	-3,301	-54,150	-173,636	-2,442,086	-110,150	-237,228	-202,389
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-141,610	-123,075	0	0	-2,021,265	1,442	80,056	-3,301	-54,150	-173,636	-2,442,086	-110,150	-237,228	-202,389
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	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
Long term loans	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
other long term liabilities	8,448	-168,312	109,413	1,078,158	-100,247	-100,183	-201,631	-276,171	66,976	44,778	-16,444	-60,938	36,810	1,844,292
share issue	0	0	0	98	1,727,918	0	0	0	0	0	0	0	0	2
interest	1,424	422	82	106	1,429	1,000	744	1,273	133	0	1	3	3	1
cash flow from financing	9,872	-167,890	109,495	1,078,362	1,629,100	-99,183	-200,887	-274,898	67,109	44,778	-16,443	-60,935	36,813	1,844,295
cash and cash equivalents
cash	-15,385	-30,262	-21,442	-26,936	-141,281	122,299	-317,592	403,463	52,795	152	-566	0	1	565
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-15,385	-30,262	-21,442	-26,936	-141,281	122,299	-317,592	403,463	52,795	152	-566	0	1	565

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HETHERINGTON PROPERTIES LIMITED group structure

Hetherington Properties Limited has no subsidiary companies.

Ultimate parent company

HETHERINGTON PROPERTIES LIMITED

NI059084

HETHERINGTON PROPERTIES LIMITED Shareholders

william mark hetherington	50%
gary hetherington	30%
elaine hetherington	20%

Hetherington Properties Limited currently has 2 directors. The longest serving directors include Mr Gary Hetherington (Apr 2006) and Mr William Hetherington (Apr 2006).

officer	country	age	start	end	role
Mr Gary Hetherington	Northern Ireland	50 years	Apr 2006	-	Director
Mr William Hetherington	England	55 years	Apr 2006	-	Director

P&L

April 2023

turnover

4.4m

+13%

operating profit

106.1k

gross margin

26.7%

-4.73%

turnover

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

Balance Sheet

April 2023

net assets

3.3m

+0.02%

total assets

6.5m

+0.02%

cash

25.8k

-0.37%

net assets

Total assets minus all liabilities

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company number

NI059084

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

April 2006

ultimate parent company

None

previous names

N/A

address

32 east bridge street, enniskillen, county fermanagh, BT74 7BT

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 10 charges/mortgages relating to hetherington properties limited. Currently there are 7 open charges and 3 have been satisfied in the past.

hetherington properties limited Company Information

hetherington properties limited Estimated Valuation

hetherington properties limited Estimated Valuation

hetherington properties limited Estimated Valuation

Hetherington Properties Limited Overview

Hetherington Properties Limited Health Check

HETHERINGTON PROPERTIES LIMITED financials

hetherington properties limited Credit Report and Business Information

Hetherington Properties Limited Competitor Analysis

hetherington properties limited Ownership

hetherington properties limited directors

hetherington properties limited company details

hetherington properties limited Charges & Mortgages

hetherington properties limited Companies House Filings - See Documents