Harding Retail Ihc Ltd
Registered name: HARDING RETAIL IHC LTD
Harding Retail Ihc Ltd made £296m revenue and £11.9m profit in the year to 31 Dec 2023.
Harding Retail Ihc Ltd’s revenue grew 56% to £296m in the year to 31 Dec 2023, with £11.9m profit and 228 employees. The company is classified under “other retail sale in non-specialised stores” and is based in Bristol; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Bristol, South West
- Age
- 6 yrs · since 2020
- Type
- Private Limited Company
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Walkers Global Shareholding Services Limited”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £190m | £296m |
| Cost of sales | £155m | £247m |
| Gross profit | £34.7m | £48.7m |
| Operating profit | −£8.8m | −£12.8m |
| Profit before tax | −£13.6m | −£22.6m |
| Profit after tax | −£15.7m | £11.9m |
| Profit (best available) | −£15.7m | £11.9m |
| Staff costs | £11m | £14m |
| Employees (average) | 174 | 228 |
| Ratios | ||
| Profit margin | −8.3% | 4% |
| Gross margin | 18.3% | 16.4% |
| Revenue per employee | £1.1m | £1.3m |
| Profit per employee | −£90.4k | £52.2k |
| Growth (year on year) | ||
| Revenue growth | — | ▲56% |
| Headcount growth | — | ▲31% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £253k | £3.2m |
| Net assets | −£9.2m | £42.7m |
| Fixed assets | £6.5m | £42.5m |
| Current assets | £100m | £101m |
| Debtors | £200k | £33.8m |
| Cash from operations | −£14.2m | −£7.3m |
| Source | Accounts · bulk data Oct 2024 | Accounts · bulk data Oct 2024 |
How the business works
- Profit margin
- 4%
- Profit ÷ revenue.
- Gross margin
- 16.4%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £1.3m
- Revenue ÷ average employees.
- Profit per employee
- £52.2k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 14.4%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 11.4%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now £42.7m
- Cash at bank
- ▲1176%
- Now £3.2m
- Headcount
- ▲31%
- Now 228
- Deferred income
- —
- Now —
- Fixed assets
- ▲554%
- Now £42.5m
Group structure
Subsidiaries (1)
- Harding Brothers Holdings LimitedRev. £0 · Profit £14.8m
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
- SGN LimitedDunmow · Other retail sale in non-specialised stores
- Revenue
- £452m
- Profit
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- Staff
- —
- Oliver Bonas LimitedChessington · Other retail sale in non-specialised stores
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- Profit
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- Staff
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- Card Factory PLCWakefield · Other retail sale in non-specialised stores
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- Profit
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- Onebeyond Retail LimitedBarnsley · Other retail sale in non-specialised stores
- Revenue
- £134m
- Profit
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- Staff
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Sources
Latest figures from accounts for the year to 31 Dec 2023 (profit £11.9m), from the Companies House accounts bulk data published Oct 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.