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Harmony fire ltd
Registration Number
10427303Incorporation Date
13/10/2016Last Annual Return
Not availableAddress
Clarence House, Watercombe Lane, Yeovil, Somerset. BA20 2SU
Website
www.harmonyfire.co.ukAudit Fees
£86,000Secretary
Not available
Directors
Active
Mr Jake Melvin (32 yrs)
Active
Mr Warwick Melvin (33 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | NA | 26974 | 31877 | 42432 | 50070 |
| Directors Fees | NA | 33 | 528 | 585 | 702 |
| Gross Profits | NA | 7126 | 11566 | 16080 | 18974 |
| Value Added | NA | 7350 | 11142 | 16240 | 21665 |
| Trading Profit | NA | 279 | 3535 | 7071 | 11829 |
| Depreciation | 128 | 321 | 586 | 511 | |
| Non-Trading Income | NA | 0 | 8 | 24 | 0 |
| Total Interest Charges | NA | 46 | 155 | 59 | 71 |
| Pre-tax Profit | NA | -88 | 2802 | 6525 | 11145 |
| Retained Profit (Shareholders Funds) | 768 | -657 | 2310 | 449 | 3915 |
| Fixed Assets | 710 | 848 | 988 | 645 | 774 |
| Intangibles | 23 | 70 | 64 | 63 | 76 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 368 | 850 | 338 | 483 | 570 |
| Debtors | 4944 | 5578 | 6730 | 6989 | 8247 |
| Cash or Equivalent | 504 | 1773 | 2057 | 4905 | 8908 |
| Total Current Assets | 5816 | 8201 | 9125 | 12377 | 17725 |
| Creditors | 2714 | 2528 | 1710 | 4271 | 5796 |
| Short Term Borrowing | 0 | 1669 | 1467 | 421 | 0 |
| Other Current Liabilities | 0 | 1847 | 2035 | 3484 | 4181 |
| Total Current Liabilities | 2714 | 6044 | 5212 | 8176 | 9977 |
| Net Current Assets | 3102 | 2157 | 3913 | 4201 | 7748 |
| Shareholders Funds | 2498 | 1841 | 4151 | 4600 | 8515 |
| Total Loan Capital | 0 | 902 | 653 | 239 | 0 |
| Other Capital Employed | 1337 | 330 | 160 | 69 | 83 |
| Total Capital Employed | 3835 | 3073 | 4964 | 4908 | 8598 |
| Pretax Profit Margin % | NA | -0.33 | 8.79 | 15.38 | 22.26 |
| Sales Growth % | NA | NA | 18 | 33 | 18 |
| Pretax Profit Growth % | NA | NA | 3284 | 133 | 70.80 |
| Debtor Ratio Days | NA | 75 | 77 | 60 | 59.9546568627451 |
| Creditor Ratio Days | NA | 34 | 20 | 37 | 42.1342524509804 |
| Stock Turnover | NA | 32 | 94 | 88 | 87.8509316770186 |
| Sales £000 / Employee | NA | 167 | 245 | 317 | 348.322388059701 |
| Value Added £000/Empl. | NA | 45 | 86 | 121 | 150.717809258791 |
| Av. Remun. £000 / Empl. | NA | 44 | 59 | 68 | 68.4253731343284 |
| Total Empl. Remu. £000 | NA | 7071 | 7607 | 9169 | 9835.83636363638 |
| Employees | 89 | 162 | 130 | 134 | 143.745454545455 |
| Pretax Profit/Total Assets % | NA | -1 | 28 | 50 | 60 |
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 33.1% in the latest year, well above the industry average of 1.5%.
- Gross Profit Margin is 37.9% in the latest year, well above the industry average of 27.5%.
- Sales per Employee is £317,000 which is well above the industry average of £242,000.
- The average salary is £68,000 which is well above the industry average of £55,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 15.4% in the latest year, well above the industry average of 4.8%.
- Pretax Profit Margin has markedly improved from 8.8% to 15.4% in the latest year.
- Shareholders received £4.6m in dividends this year, over 70% of the pretax profits of the company.
- Formal debt of the company has decreased by £1.5m, a fall of 69%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is the only Best Trading Partner in this industry (see section 1c).
- The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
- The company is among the Top 3 in terms of Trading Profits.
Company Summary
The company currently has £42.4m sales and made £6.5m, by following the proposal plan, sales would rise to £50.1m and profits would rise to £11.1m.
Key Attractiveness Features
- ADD £42.4m TO SALES
- ATTRACTIVE PRICE
- FEW DIRECTORS
- HIGH DIVIDEND
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
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | NA | 26974 | 31877 | 42432 | 50070 |
| Pre-tax Profit (£000) | NA | -88 | 2802 | 6525 | 11145 |
| Total Value (£000) | 7301 | 25505 | 43905 | 69257 | |
| Asset Value (£000) | 7346 | 8120 | 8180 | 9667 | |
| Goodwill (£000) | -45 | 17385 | 35725 | 59590 | |
| Liabilities (£000) | -5503 | -3968 | -3579 | -1152 | |
| Equity Value (£000) | 1798 | 21537 | 40326 | 68105 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
POYNTINGTON HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
The number of shareholders is low (1)
2 directors are under 40 years of age.
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 £43.9m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 60% return on total assets.
The company's value would increase by 58% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 27%.
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