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H h associates ltd

Leatherhead, Surrey. Registration No: 02671533

  • Registration Number

    02671533

  • Incorporation Date

    16/12/1991

  • Last Annual Return

    Not available

  • Address

    Grove House, Guildford Road, Leatherhead, Surrey. KT22 9DF

  • Website

    www.hhglobal.com

  • Audit Fees

    Not available

  • Secretary

    Not available

Directors

Active

Mr Peter Drydon (40 yrs)

Active

Elgey Kristian (47 yrs)

Active

Mr Benjamin Goodband (48 yrs)

Company

Industry Av.

Proposed

Proposed
Year
Period Ending 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 30-Mar-25
Weeks 52 52 52 52 52
Total Sales (£000) 107029 116933 143082 150782 159546
Directors Fees 0 0 0 0 0
Gross Profits 29497 31146 39169 43637 46173
Value Added 30103 24328 44909 51827 53247
Trading Profit 6510 -2082 10308 13197 16088
Depreciation 121 84 262 83
Non-Trading Income 587 579 1016 489 0
Total Interest Charges 1767 1669 1975 219 237
Pre-tax Profit 5209 -3256 9087 13384 15761
Retained Profit (Shareholders Funds) 3503 -1105 7854 10663 8030
Fixed Assets 88 26 146 416 449
Intangibles 319 382 281 142 153
Intermediate Assets 3202 3276 4117 3836 4143
Stocks 390 977 1347 2452 2595
Debtors 17207 23482 28280 25052 26508
Cash or Equivalent 44463 35580 17401 36805 34680
Total Current Assets 62060 60039 47028 64309 63783
Creditors 9767 9548 11354 10572 12864
Short Term Borrowing 31612 31234 6514 11881 0
Other Current Liabilities 12742 12498 15274 17045 18409
Total Current Liabilities 54121 53280 33142 39498 31273
Net Current Assets 7939 6759 13886 24811 32510
Shareholders Funds 11548 10443 18297 28960 36990
Total Loan Capital 0 0 0 0 0
Other Capital Employed 0 0 133 245 265
Total Capital Employed 11548 10443 18430 29205 37255
Pretax Profit Margin % 4.87 -2.78 6.35 8.88 9.88
Sales Growth % 17 9 22 5 6
Pretax Profit Growth % 245 -163 379 47 17.76
Debtor Ratio Days 59 73 72 60 60.4775636349166
Creditor Ratio Days 33 30 29 26 29.349917098858
Stock Turnover 274 120 106 61 61.4934747145188
Sales £000 / Employee 313 328 306 270 296.708765652951
Value Added £000/Empl. 88 68 96 93 99.0240957779753
Av. Remun. £000 / Empl. 69 74 74 69 69.1055456171735
Total Empl. Remu. £000 23593 26410 34601 38630 37159.2687473553
Employees 342 356 468 559 537.717608847311
Pretax Profit/Total Assets % 8 -5 18 19 23

Company Summary

  • The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
  • Total Sales have increased by 5.4% in the latest year, well above the industry average of 1.6%.
  • The company lies an excellent 5th in terms of Total Sales in this industry.
  • The company lies an excellent 2nd in terms of Pretax Profits in this industry.
  • Sales per Employee is £270,000 which is well above the industry average of £205,000.
  • The average salary is £69,000 which is well above the industry average of £47,000.
  • The company is ranked among the fastest growing in terms of sales growth in the latest year.
  • Pretax Profit Margin is 8.9% in the latest year, well above the industry average of 3.6%.
  • Pretax Profit Margin has markedly improved from 6.4% to 8.9% in the latest year.
  • Formal debt of the company has increased by £5.4m, a rise of 82%.
  • The Profitability chart shows a well above average pretax profit return on total assets in the latest year
  • The company is among the Top 4 companies listed as a Best Trading Partner (see section 1c).
  • The company is among the Top 15 in terms of Trading Profits.
  • The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).

Company

Industry Av.

Proposed

Company Summary

The company currently has £151m sales and made £13.4m, by following the proposal plan, sales would rise to £160m and profits would rise to £15.8m.

Key Attractiveness Features

  • ADD £151m TO SALES
  • FEW DIRECTORS

Acquisition Attractiveness Rating

  • Low number of shareholders
  • Company is privately owned
  • Low number of directors
  • Sales growth above the industry average
  • Low financial rating
  • High gross earnings
  • Big difference between current and future value
  • Directors fees represent high proportion of profits
  • Average age of directors is high
Acquisition Attractiveness
  • Highly Attractive
  • Worth Considering
  • Unattractive

Company Valuation

Proposed
Year
Period Ending 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 30-Mar-25
Total Sales (£000) 107029 116933 143082 150782 159546
Pre-tax Profit (£000) 5209 -3256 9087 13384 15761
Total Value (£000) 53151 17313 84401 97468 113838
Asset Value (£000) 21206 28143 34171 31898 33848
Goodwill (£000) 31945 -10830 50230 65570 79990
Liabilities (£000) -9658 -17700 -15874 -2938 3142
Equity Value (£000) 43493 -387 68527 94530 116980

Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)

Shareholders / Ownership

HH GLOBAL LTD (100.0%)

Immediate Shareholder: See Shareholders

Subsidiaries

HH FRANCE

PT HHGLOBAL SERVICES INDONESIA

Acquisition / Valuation Comments

This company has been established 34 years.

The number of shareholders is low (1)

The value of the company has risen in each of the last 2 years.

The value of the company has fluctuated in the last 2 years.

The total value of the company is currently £97.5m including debts.

The equity value is high, indicating low levels of total liabilities.

The proposed year is based on achieving a 23% return on total assets.

The company's value would increase by 17% if the proposed business plan was followed.

The proposed plan would improve the overall financial strength of the company by 33%.

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