hewitt & gilpin solicitors limited

5

hewitt & gilpin solicitors limited Company Information

Share HEWITT & GILPIN SOLICITORS LIMITED
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Company Number

NI073262

Registered Address

73 holywood road, belfast, BT4 3BA

Industry

Other business support service activities n.e.c.

 

Telephone

02890573573

Next Accounts Due

September 2024

Group Structure

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Directors

Naomi Barfoot14 Years

David Wheeler14 Years

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Shareholders

craig russell 14.3%

michael harrison 14.3%

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hewitt & gilpin solicitors limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of HEWITT & GILPIN SOLICITORS LIMITED at £2.1m based on a Turnover of £3.5m and 0.6x industry multiple (adjusted for size and gross margin).

hewitt & gilpin solicitors limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of HEWITT & GILPIN SOLICITORS LIMITED at £3.3m based on an EBITDA of £705.1k and a 4.72x industry multiple (adjusted for size and gross margin).

hewitt & gilpin solicitors limited Estimated Valuation

£4.4m

Pomanda estimates the enterprise value of HEWITT & GILPIN SOLICITORS LIMITED at £4.4m based on Net Assets of £2m and 2.27x industry multiple (adjusted for liquidity).

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Hewitt & Gilpin Solicitors Limited Overview

Hewitt & Gilpin Solicitors Limited is a live company located in belfast, BT4 3BA with a Companies House number of NI073262. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2009, it's largest shareholder is craig russell with a 14.3% stake. Hewitt & Gilpin Solicitors Limited is a established, small sized company, Pomanda has estimated its turnover at £3.5m with declining growth in recent years.

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Hewitt & Gilpin Solicitors Limited Health Check

Pomanda's financial health check has awarded Hewitt & Gilpin Solicitors Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

4 Strong

positive_score

6 Regular

positive_score

1 Weak

size

Size

annual sales of £3.5m, make it in line with the average company (£3.8m)

£3.5m - Hewitt & Gilpin Solicitors Limited

£3.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (3%)

-5% - Hewitt & Gilpin Solicitors Limited

3% - Industry AVG

production

Production

with a gross margin of 38.8%, this company has a comparable cost of product (38.8%)

38.8% - Hewitt & Gilpin Solicitors Limited

38.8% - Industry AVG

profitability

Profitability

an operating margin of 16.9% make it more profitable than the average company (6.3%)

16.9% - Hewitt & Gilpin Solicitors Limited

6.3% - Industry AVG

employees

Employees

with 25 employees, this is similar to the industry average (25)

25 - Hewitt & Gilpin Solicitors Limited

25 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.6k, the company has an equivalent pay structure (£50.6k)

£50.6k - Hewitt & Gilpin Solicitors Limited

£50.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £138.4k, this is equally as efficient (£157.6k)

£138.4k - Hewitt & Gilpin Solicitors Limited

£157.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 46 days, this is near the average (44 days)

46 days - Hewitt & Gilpin Solicitors Limited

44 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Hewitt & Gilpin Solicitors Limited

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 21 days, this is less than average (32 days)

21 days - Hewitt & Gilpin Solicitors Limited

32 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 48 weeks, this is more cash available to meet short term requirements (24 weeks)

48 weeks - Hewitt & Gilpin Solicitors Limited

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 26.5%, this is a lower level of debt than the average (63.6%)

26.5% - Hewitt & Gilpin Solicitors Limited

63.6% - Industry AVG

HEWITT & GILPIN SOLICITORS LIMITED financials

EXPORTms excel logo

Hewitt & Gilpin Solicitors Limited's latest turnover from December 2022 is estimated at £3.5 million and the company has net assets of £2 million. According to their latest financial statements, Hewitt & Gilpin Solicitors Limited has 25 employees and maintains cash reserves of £566.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Turnover3,459,2083,541,0723,742,4904,032,2104,021,0083,170,2463,770,1594,359,9335,064,8964,409,0213,999,4252,953,6483,826,437
Other Income Or Grants0000000000000
Cost Of Sales2,115,6472,211,5182,356,8112,521,3922,523,8241,971,3262,329,5482,769,4793,267,8512,871,2982,559,1941,848,4322,339,198
Gross Profit1,343,5611,329,5541,385,6791,510,8181,497,1841,198,9191,440,6121,590,4541,797,0441,537,7231,440,2311,105,2171,487,239
Admin Expenses758,2381,427,2231,506,2011,458,146-103,3651,255,4861,657,8022,208,6891,335,4921,323,5211,211,1691,189,8281,029,871
Operating Profit585,323-97,669-120,52252,6721,600,549-56,567-217,190-618,235461,552214,202229,062-84,611457,368
Interest Payable25,50323,21622,39721,74225,55825,19222,90812,07400000
Interest Receivable18,0701,2494482,5202,0951,1795981,2621,0341,261984702568
Pre-Tax Profit577,890-119,636-142,47133,4511,577,085-80,581-239,501-629,047462,586215,464230,046-83,909457,936
Tax-109,79900-6,356-299,646000-97,143-49,557-55,2110-128,222
Profit After Tax468,091-119,636-142,47127,0951,277,439-80,581-239,501-629,047365,443165,907174,835-83,909329,714
Dividends Paid0000000000000
Retained Profit468,091-119,636-142,47127,0951,277,439-80,581-239,501-629,047365,443165,907174,835-83,909329,714
Employee Costs1,265,3121,208,2011,199,2961,184,9021,144,0211,129,4141,173,4071,121,8111,452,8301,226,3981,116,036827,9531,074,543
Number Of Employees25252626262728273530282128
EBITDA*705,05929,35210,472172,3221,635,57171,057-79,929-485,696575,123331,674351,877-51,906614,810

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Tangible Assets227,760200,763227,784201,623211,111222,569240,566268,08948,28754,28071,71482,96186,702
Intangible Assets675,000775,000875,000975,0001,075,0001,175,0001,275,0001,375,0001,475,0001,575,0001,675,0001,775,0001,875,000
Investments & Other0000000000000
Debtors (Due After 1 year)0000000000000
Total Fixed Assets902,760975,7631,102,7841,176,6231,286,1111,397,5691,515,5661,643,0891,523,2871,629,2801,746,7141,857,9611,961,702
Stock & work in progress121,82786,65670,065121,056101,19191,39277,984119,688123,381122,954121,85784,82096,865
Trade Debtors436,769507,399515,424585,157608,277401,303514,526632,876843,835706,583585,437499,683645,719
Group Debtors0000000000000
Misc Debtors628,757130,787139,649125,936123,777348,771142,069144,33300000
Cash566,565465,991533,344362,312309,713248,910222,565255,504249,262164,384340,13953,563227,128
misc current assets0000000000000
total current assets1,753,9181,190,8331,258,4821,194,4611,142,9581,090,376957,1441,152,4011,216,478993,9211,047,433638,066969,712
total assets2,656,6782,166,5962,361,2662,371,0842,429,0692,487,9452,472,7102,795,4902,739,7652,623,2012,794,1472,496,0272,931,414
Bank overdraft156,654169,87178,85979,217195,87182,70190,100207,52100000
Bank loan00111,461105,7180119,65099,376000000
Trade Creditors 00000000486,049439,604532,353293,734456,989
Group/Directors Accounts0000000000000
other short term finances0000000000000
hp & lease commitments0000000000000
other current liabilities448,851317,035311,403319,382357,713261,666212,305283,43600000
total current liabilities605,505486,906501,723504,317553,584464,017401,781490,957486,049439,604532,353293,734456,989
loans71,169139,204243,521115,558147,836211,228172,091163,97200000
hp & lease commitments0000000000000
Accruals and Deferred Income0000000000000
other liabilities000000016,64453,139155,963225,567155,631343,956
provisions28,53057,10313,0035,8369,3718,86214,422000000
total long term liabilities99,699196,307256,524121,394157,207220,090186,513180,61653,139155,963225,567155,631343,956
total liabilities705,204683,213758,247625,711710,791684,107588,294671,573539,188595,567757,920449,365800,945
net assets1,951,4741,483,3831,603,0191,745,3731,718,2781,803,8381,884,4162,123,9172,200,5772,027,6342,036,2272,046,6622,130,469
total shareholders funds1,951,4741,483,3831,603,0191,745,3731,718,2781,803,8381,884,4162,123,9172,200,5772,027,6342,036,2272,046,6622,130,469
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Operating Activities
Operating Profit585,323-97,669-120,52252,6721,600,549-56,567-217,190-618,235461,552214,202229,062-84,611457,368
Depreciation19,73627,02130,99419,65025,02227,62437,26132,53913,57117,47222,81522,70532,442
Amortisation100,000100,000100,000100,00010,000100,000100,000100,000100,000100,000100,00010,000125,000
Tax-109,79900-6,356-299,646000-97,143-49,557-55,2110-128,222
Stock35,17116,591-50,99119,8659,79913,408-41,704-3,6934271,09737,037-12,04596,865
Debtors427,340-16,887-56,020-20,961-18,02093,479-120,614-66,626137,252121,14685,754-146,036645,719
Creditors0000000-486,04946,445-92,749238,619-163,255456,989
Accruals and Deferred Income131,8165,632-7,979-38,33196,04749,361-71,131283,43600000
Deferred Taxes & Provisions-28,57344,1007,167-3,535509-5,56014,422000000
Cash flow from operations235,99279,380116,671125,1961,440,7027,97125,680-617,990386,74667,125412,494-57,080200,993
Investing Activities
capital expenditure-46,7330-57,155-10,16276,436-9,627-9,738-252,341-7,578-38-11,56871,036-2,119,144
Change in Investments0000000000000
cash flow from investments-46,7330-57,155-10,16276,436-9,627-9,738-252,341-7,578-38-11,56871,036-2,119,144
Financing Activities
Bank loans0-111,4615,743105,718-119,65020,27499,376000000
Group/Directors Accounts0000000000000
Other Short Term Loans 0000000000000
Long term loans-68,035-104,317127,963-32,278-63,39239,1378,119163,97200000
Hire Purchase and Lease Commitments0000000000000
other long term liabilities000000-16,644-36,495-102,824-69,60469,936-188,325343,956
share issue001170-1,362,99930552,387-192,500-174,500-185,2701021,800,755
interest-7,433-21,967-21,949-19,222-23,463-24,013-22,310-10,8121,0341,261984702568
cash flow from financing-75,468-237,745111,87454,218-1,569,50435,40168,541669,052-294,290-242,843-114,350-187,5212,145,279
cash and cash equivalents
cash100,574-67,353171,03252,59960,80326,345-32,9396,24284,878-175,755286,576-173,565227,128
overdraft-13,21791,012-358-116,654113,170-7,399-117,421207,52100000
change in cash113,791-158,365171,390169,253-52,36733,74484,482-201,27984,878-175,755286,576-173,565227,128

hewitt & gilpin solicitors limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Hewitt & Gilpin Solicitors Limited Competitor Analysis

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hewitt & gilpin solicitors limited Ownership

HEWITT & GILPIN SOLICITORS LIMITED group structure

Hewitt & Gilpin Solicitors Limited has no subsidiary companies.

Ultimate parent company

HEWITT & GILPIN SOLICITORS LIMITED

NI073262

HEWITT & GILPIN SOLICITORS LIMITED Shareholders

craig russell 14.29%
michael harrison 14.29%
david wheeler 14.29%
avril browne 14.29%
timothy bradshaw 14.29%
graeme hamilton 14.29%
naomi gowan 14.29%

hewitt & gilpin solicitors limited directors

Hewitt & Gilpin Solicitors Limited currently has 6 directors. The longest serving directors include Ms Naomi Barfoot (Jul 2009) and Mr David Wheeler (Jan 2010).

officercountryagestartendrole
Ms Naomi BarfootNorthern Ireland51 years Jul 2009- Director
Mr David WheelerNorthern Ireland47 years Jan 2010- Director
Mr Andrew HamiltonNorthern Ireland48 years Jan 2013- Director
Mr Timothy BradshawNorthern Ireland47 years Jan 2015- Director
Mr Timothy Haslett52 years Jan 2020- Director
Mrs Sandra BrowneNorthern Ireland43 years Jan 2023- Director

P&L

December 2022

turnover

3.5m

-2%

operating profit

585.3k

0%

gross margin

38.9%

+3.44%

turnover

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

Balance Sheet

December 2022

net assets

2m

+0.32%

total assets

2.7m

+0.23%

cash

566.6k

+0.22%

net assets

Total assets minus all liabilities

hewitt & gilpin solicitors limited company details

company number

NI073262

Type

Private limited with Share Capital

industry

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

incorporation date

July 2009

age

15

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

73 holywood road, belfast, BT4 3BA

last accounts submitted

December 2022

hewitt & gilpin solicitors 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 hewitt & gilpin solicitors limited.

charges

hewitt & gilpin solicitors limited Companies House Filings - See Documents

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