messrs hoare trustees
messrs hoare trustees Company Information
Company Number
ZC000159
Website
http://hoaresbank.co.ukRegistered Address
37 fleet street, london, ec4p 4dq, EC4Y 1BT
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
02073534522
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
arabella saxon hoare 20%
alexander simon hoare 20%
View Allmessrs hoare trustees Estimated Valuation
Pomanda estimates the enterprise value of MESSRS HOARE TRUSTEES at £998.8k based on a Turnover of £1m and 0.99x industry multiple (adjusted for size and gross margin).
messrs hoare trustees Estimated Valuation
Pomanda estimates the enterprise value of MESSRS HOARE TRUSTEES at £4.8m based on an EBITDA of £956k and a 4.99x industry multiple (adjusted for size and gross margin).
messrs hoare trustees Estimated Valuation
Pomanda estimates the enterprise value of MESSRS HOARE TRUSTEES at £7.7m based on Net Assets of £13.4m and 0.57x industry multiple (adjusted for liquidity).
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Messrs Hoare Trustees Overview
Messrs Hoare Trustees is a converted/closed company that was located in ec4p 4dq, EC4Y 1BT with a Companies House number of ZC000159. It operated in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in January 1981, it's largest shareholder was arabella saxon hoare with a 20% stake. The last turnover for Messrs Hoare Trustees was estimated at £1m.
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Messrs Hoare Trustees Health Check
Pomanda's financial health check has awarded Messrs Hoare Trustees a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
3 Weak
Size
annual sales of £1m, make it smaller than the average company (£2.8m)
£1m - Messrs Hoare Trustees
£2.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (4.7%)
11% - Messrs Hoare Trustees
4.7% - Industry AVG
Production
with a gross margin of 53.1%, this company has a comparable cost of product (53.1%)
53.1% - Messrs Hoare Trustees
53.1% - Industry AVG
Profitability
an operating margin of 94.4% make it more profitable than the average company (8.9%)
94.4% - Messrs Hoare Trustees
8.9% - Industry AVG
Employees
with 8 employees, this is below the industry average (14)
- Messrs Hoare Trustees
14 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Messrs Hoare Trustees
- - Industry AVG
Efficiency
resulting in sales per employee of £126.6k, this is less efficient (£157.5k)
- Messrs Hoare Trustees
£157.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Messrs Hoare Trustees
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Messrs Hoare Trustees
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Messrs Hoare Trustees
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2582 weeks, this is more cash available to meet short term requirements (35 weeks)
2582 weeks - Messrs Hoare Trustees
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2%, this is a lower level of debt than the average (54.6%)
2% - Messrs Hoare Trustees
54.6% - Industry AVG
MESSRS HOARE TRUSTEES financials
Messrs Hoare Trustees's latest turnover from March 2023 is £1 million and the company has net assets of £13.4 million. According to their latest financial statements, we estimate that Messrs Hoare Trustees has 8 employees and maintains cash reserves of £13.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,013,000 | 1,076,000 | 890,000 | 735,000 | 676,000 | 647,000 | 596,000 | 516,000 | 464,000 | 417,000 | 362,000 | 349,000 | 340,000 | 355,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 956,000 | 1,046,000 | 861,000 | 709,000 | 659,000 | 629,000 | 579,000 | 501,000 | 453,000 | 400,000 | 352,000 | 339,000 | 323,000 | 338,000 |
| Interest Payable | 0 | 0 | 0 | 3,000 | 7,000 | 7,000 | 3,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 195,000 |
| Interest Receivable | 0 | 0 | 0 | 5,000 | 0 | 0 | 10,000 | 18,000 | 16,000 | 13,000 | 19,000 | 23,000 | 11,000 | 0 |
| Pre-Tax Profit | 950,000 | 1,039,000 | 822,000 | 725,000 | 665,000 | 674,000 | 498,000 | 516,000 | 543,000 | 232,000 | 1,438,000 | 930,000 | 1,518,000 | 2,310,000 |
| Tax | -230,000 | -197,000 | -96,000 | -188,000 | -182,000 | -125,000 | -103,000 | -100,000 | -342,000 | 41,000 | -128,000 | -505,000 | -337,000 | -748,000 |
| Profit After Tax | 720,000 | 842,000 | 726,000 | 537,000 | 483,000 | 549,000 | 395,000 | 416,000 | 201,000 | 273,000 | 1,310,000 | 425,000 | 1,181,000 | 1,562,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,000,000 | 0 | 0 | 20,000,000 |
| Retained Profit | 720,000 | 842,000 | 726,000 | 537,000 | 483,000 | 549,000 | 395,000 | 416,000 | 201,000 | 273,000 | -4,690,000 | 425,000 | 1,181,000 | -18,438,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Number Of Employees | ||||||||||||||
| EBITDA* | 956,000 | 1,046,000 | 861,000 | 709,000 | 659,000 | 629,000 | 579,000 | 501,000 | 453,000 | 400,000 | 352,000 | 339,000 | 323,000 | 338,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 9,000 | 24,000 | 50,000 | 110,000 | 101,000 | 380,000 | 582,000 | 725,000 | 1,016,000 | 1,217,000 | 2,176,000 | 2,889,000 | 4,033,000 | 8,171,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,000 | 24,000 | 50,000 | 110,000 | 101,000 | 380,000 | 582,000 | 725,000 | 1,016,000 | 1,217,000 | 2,176,000 | 2,889,000 | 4,033,000 | 8,171,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 53,000 | 32,000 | 66,000 | 24,000 | 179,000 | 84,000 | 46,000 | 80,000 | 0 | 32,000 | 0 | 0 | 0 | 620,000 |
| Cash | 13,607,000 | 12,826,000 | 11,898,000 | 11,202,000 | 10,555,000 | 9,846,000 | 9,121,000 | 8,531,000 | 7,890,000 | 7,383,000 | 6,145,000 | 11,219,000 | 10,336,000 | 3,321,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 58,000 | 38,000 | 0 | 0 | 0 |
| total current assets | 13,660,000 | 12,858,000 | 11,964,000 | 11,226,000 | 10,734,000 | 9,930,000 | 9,167,000 | 8,611,000 | 7,890,000 | 7,473,000 | 6,183,000 | 11,219,000 | 10,336,000 | 3,941,000 |
| total assets | 13,669,000 | 12,882,000 | 12,014,000 | 11,336,000 | 10,835,000 | 10,310,000 | 9,749,000 | 9,336,000 | 8,906,000 | 8,690,000 | 8,359,000 | 14,108,000 | 14,369,000 | 12,112,000 |
| 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 | 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 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 | 274,000 | 207,000 | 181,000 | 229,000 | 265,000 | 223,000 | 211,000 | 193,000 | 166,000 | 48,000 | 120,000 | 513,000 | 209,000 | 62,000 |
| total current liabilities | 274,000 | 207,000 | 181,000 | 229,000 | 265,000 | 223,000 | 211,000 | 193,000 | 166,000 | 48,000 | 120,000 | 513,000 | 209,000 | 62,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,000 | 26,000 | 45,000 | 63,000 | 86,000 | 98,000 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,000 | 26,000 | 45,000 | 63,000 | 86,000 | 98,000 |
| total liabilities | 274,000 | 207,000 | 181,000 | 229,000 | 265,000 | 223,000 | 211,000 | 193,000 | 179,000 | 74,000 | 165,000 | 576,000 | 295,000 | 160,000 |
| net assets | 13,395,000 | 12,675,000 | 11,833,000 | 11,107,000 | 10,570,000 | 10,087,000 | 9,538,000 | 9,143,000 | 8,727,000 | 8,616,000 | 8,194,000 | 13,532,000 | 14,074,000 | 11,952,000 |
| total shareholders funds | 13,395,000 | 12,675,000 | 11,833,000 | 11,107,000 | 10,570,000 | 10,087,000 | 9,538,000 | 9,143,000 | 8,727,000 | 8,616,000 | 8,194,000 | 13,532,000 | 14,074,000 | 11,952,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 956,000 | 1,046,000 | 861,000 | 709,000 | 659,000 | 629,000 | 579,000 | 501,000 | 453,000 | 400,000 | 352,000 | 339,000 | 323,000 | 338,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -230,000 | -197,000 | -96,000 | -188,000 | -182,000 | -125,000 | -103,000 | -100,000 | -342,000 | 41,000 | -128,000 | -505,000 | -337,000 | -748,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 21,000 | -34,000 | 42,000 | -155,000 | 95,000 | 38,000 | -34,000 | 80,000 | -32,000 | 32,000 | 0 | 0 | -620,000 | 620,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 67,000 | 26,000 | -48,000 | -36,000 | 42,000 | 12,000 | 18,000 | 27,000 | 118,000 | -72,000 | -393,000 | 304,000 | 147,000 | 62,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13,000 | -13,000 | -19,000 | -18,000 | -23,000 | -12,000 | 98,000 |
| Cash flow from operations | 772,000 | 909,000 | 675,000 | 640,000 | 424,000 | 478,000 | 528,000 | 335,000 | 248,000 | 318,000 | -187,000 | 115,000 | 741,000 | -870,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -15,000 | -26,000 | -60,000 | 9,000 | -279,000 | -202,000 | -143,000 | -291,000 | -201,000 | -959,000 | -713,000 | -1,144,000 | -4,138,000 | 8,171,000 |
| cash flow from investments | ||||||||||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 2,000 | -7,000 | -7,000 | 7,000 | 16,000 | 16,000 | 13,000 | 19,000 | 23,000 | 11,000 | -195,000 |
| cash flow from financing | 0 | 0 | 0 | 2,000 | -7,000 | -7,000 | 7,000 | 16,000 | -74,000 | 162,000 | -629,000 | -944,000 | 952,000 | 30,195,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 781,000 | 928,000 | 696,000 | 647,000 | 709,000 | 725,000 | 590,000 | 641,000 | 507,000 | 1,238,000 | -5,074,000 | 883,000 | 7,015,000 | 3,321,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 781,000 | 928,000 | 696,000 | 647,000 | 709,000 | 725,000 | 590,000 | 641,000 | 507,000 | 1,238,000 | -5,074,000 | 883,000 | 7,015,000 | 3,321,000 |
messrs hoare trustees Credit Report and Business Information
Messrs Hoare Trustees Competitor Analysis
Perform a competitor analysis for messrs hoare trustees by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in EC4Y area or any other competitors across 12 key performance metrics.
messrs hoare trustees Ownership
MESSRS HOARE TRUSTEES group structure
Messrs Hoare Trustees has no subsidiary companies.
messrs hoare trustees directors
Messrs Hoare Trustees currently has 6 directors. The longest serving directors include Mr Alexander Hoare (Jul 1993) and Ms Venetia Hoare (Oct 1996).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexander Hoare | 62 years | Jul 1993 | - | Director | |
| Ms Venetia Hoare | 59 years | Oct 1996 | - | Director | |
| Mr Simon Hoare | 56 years | Apr 2001 | - | Director | |
| Mrs Arabella Hoare | 55 years | Apr 2001 | - | Director | |
| Mr Alexander Hoare | 50 years | Mar 2016 | - | Director | |
| Mr Richard Hoare | 38 years | May 2022 | - | Director |
P&L
March 2023turnover
1m
-6%
operating profit
956k
-9%
gross margin
53.2%
-2.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
13.4m
+0.06%
total assets
13.7m
+0.06%
cash
13.6m
+0.06%
net assets
Total assets minus all liabilities
messrs hoare trustees company details
company number
ZC000159
Type
Other
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
January 1981
age
43
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
37 fleet street, london, ec4p 4dq, EC4Y 1BT
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
messrs hoare trustees 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 messrs hoare trustees.
messrs hoare trustees Companies House Filings - See Documents
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