Wholesale of electronic and telecommunications equipment and parts
Registered Address
65 high street, grantown-on-spey, PH26 3EG
Website
-
h i c e engineering services limitedEstimated Valuation
£145.1k
Pomanda estimates the enterprise value of H I C E ENGINEERING SERVICES LIMITED at £145.1k based on a Turnover of £474.8k and 0.31x industry multiple (adjusted for size and gross margin).
h i c e engineering services limitedEstimated Valuation
£69.9k
Pomanda estimates the enterprise value of H I C E ENGINEERING SERVICES LIMITED at £69.9k based on an EBITDA of £21.1k and a 3.31x industry multiple (adjusted for size and gross margin).
h i c e engineering services limitedEstimated Valuation
£61.4k
Pomanda estimates the enterprise value of H I C E ENGINEERING SERVICES LIMITED at £61.4k based on Net Assets of £32.5k and 1.89x industry multiple (adjusted for liquidity).
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H I C E Engineering Services LimitedOverview
H I C E Engineering Services Limited is a live company located in grantown-on-spey, PH26 3EG with a Companies House number of SC579387. It operates in the wholesale of electronic and telecommunications equipment and parts sector, SIC Code 46520. Founded in October 2017, it's largest shareholder is
gordon gray
with a 100% stake. H I C E Engineering Services Limited is a young,
micro sized company, Pomanda has estimated its turnover at
£474.8k with
high
growth in recent years.
Pomanda's financial health check has awarded H I C E Engineering Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
3 Strong
4 Regular
4 Weak
Size
annual sales of £474.8k, make it smaller than the average company (£14.8m)
£474.8k - H I C E Engineering Services Limited
£14.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (7.8%)
20% - H I C E Engineering Services Limited
7.8% - Industry AVG
Production
with a gross margin of 25%, this company has a comparable cost of product (25%)
25% - H I C E Engineering Services Limited
25% - Industry AVG
Profitability
an operating margin of 3.3% make it as profitable than the average company (3.8%)
3.3% - H I C E Engineering Services Limited
3.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (33)
3 - H I C E Engineering Services Limited
33 - Industry AVG
Pay Structure
on an average salary of £53.4k, the company has an equivalent pay structure (£53.4k)
£53.4k - H I C E Engineering Services Limited
£53.4k - Industry AVG
Efficiency
resulting in sales per employee of £158.3k, this is less efficient (£442.3k)
£158.3k - H I C E Engineering Services Limited
£442.3k - Industry AVG
Debtor Days
it gets paid by customers after 21 days, this is earlier than average (57 days)
21 days - H I C E Engineering Services Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (31 days)
2 days - H I C E Engineering Services Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - H I C E Engineering Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 25 weeks, this is more cash available to meet short term requirements (13 weeks)
25 weeks - H I C E Engineering Services Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.2%, this is a similar level of debt than the average (53.3%)
55.2% - H I C E Engineering Services Limited
53.3% - Industry AVG
H I C E ENGINEERING SERVICES LIMITED financials
EXPORT
H I C E Engineering Services Limited's latest turnover from April 2024 is estimated at £474.8 thousand and the company has net assets of £32.5 thousand. According to their latest financial statements, H I C E Engineering Services Limited has 3 employees and maintains cash reserves of £19.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Turnover
474,826
407,257
483,905
275,910
172,186
166,210
Other Income Or Grants
Cost Of Sales
356,277
305,462
370,052
207,808
128,401
123,733
Gross Profit
118,550
101,794
113,852
68,102
43,785
42,478
Admin Expenses
103,115
133,862
61,977
73,942
31,382
35,881
Operating Profit
15,435
-32,068
51,875
-5,840
12,403
6,597
Interest Payable
Interest Receivable
781
533
131
20
21
78
Pre-Tax Profit
16,216
-31,535
52,006
-5,820
12,423
6,675
Tax
-4,054
-9,881
-2,360
-1,268
Profit After Tax
12,162
-31,535
42,125
-5,820
10,063
5,407
Dividends Paid
Retained Profit
12,162
-31,535
42,125
-5,820
10,063
5,407
Employee Costs
160,277
110,186
106,309
97,743
48,148
48,392
Number Of Employees
3
2
2
2
1
1
EBITDA*
21,124
-25,465
57,684
-3,566
13,515
6,597
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Tangible Assets
24,595
27,541
29,599
6,822
5,781
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
24,595
27,541
29,599
6,822
5,781
Stock & work in progress
Trade Debtors
28,086
5,421
41,693
2,865
11,020
7,648
Group Debtors
Misc Debtors
447
297
273
255
Cash
19,829
9,942
15,161
19,787
20,324
20,885
misc current assets
total current assets
47,915
15,363
57,301
22,949
31,617
28,788
total assets
72,510
42,904
86,900
29,771
37,398
28,788
Bank overdraft
Bank loan
Trade Creditors
2,541
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
37,467
22,564
35,025
20,021
21,828
23,281
total current liabilities
40,008
22,564
35,025
20,021
21,828
23,281
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
40,008
22,564
35,025
20,021
21,828
23,281
net assets
32,502
20,340
51,875
9,750
15,570
5,507
total shareholders funds
32,502
20,340
51,875
9,750
15,570
5,507
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Operating Activities
Operating Profit
15,435
-32,068
51,875
-5,840
12,403
6,597
Depreciation
5,689
6,603
5,809
2,274
1,112
Amortisation
Tax
-4,054
-9,881
-2,360
-1,268
Stock
Debtors
22,665
-36,719
38,978
-8,131
3,390
7,903
Creditors
2,541
Accruals and Deferred Income
14,903
-12,461
15,004
-1,807
-1,453
23,281
Deferred Taxes & Provisions
Cash flow from operations
11,849
-1,207
23,829
2,758
6,312
20,707
Investing Activities
capital expenditure
-2,743
-4,545
-28,586
-3,315
-6,893
Change in Investments
cash flow from investments
-2,743
-4,545
-28,586
-3,315
-6,893
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
100
interest
781
533
131
20
21
78
cash flow from financing
781
533
131
20
21
178
cash and cash equivalents
cash
9,887
-5,219
-4,626
-537
-561
20,885
overdraft
change in cash
9,887
-5,219
-4,626
-537
-561
20,885
h i c e engineering services limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for h i c e engineering services limited. Get real-time insights into h i c e engineering services limited's credit score, group structure and payment trends.
H I C E Engineering Services Limited Competitor Analysis
Perform a competitor analysis for h i c e engineering services limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in PH26 area or any other competitors across 12 key performance metrics.
h i c e engineering services limited Ownership
H I C E ENGINEERING SERVICES LIMITED group structure
H I C E Engineering Services Limited has no subsidiary companies.
Ultimate parent company
H I C E ENGINEERING SERVICES LIMITED
SC579387
H I C E ENGINEERING SERVICES LIMITED Shareholders
The sole shareholder of H I C E Engineering Services Limited is Gordon Gray.
gordon gray
100%
h i c e engineering services limited directors
H I C E Engineering Services Limited currently has 1 director, Mr Gordon Gray serving since Oct 2017.
h i c e engineering services limited company details
company number
SC579387
Type
Private limited with Share Capital
industry
46520 - Wholesale of electronic and telecommunications equipment and parts
incorporation date
October 2017
age
8
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
-
auditor
-
address
65 high street, grantown-on-spey, PH26 3EG
Bank
-
Legal Advisor
-
h i c e engineering services 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 h i c e engineering services limited.
h i c e engineering services limited 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.
Click to start generating capital raising & share issue transactions for H I C E ENGINEERING SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
h i c e engineering services limitedCompanies House Filings - See Documents
