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Company No. 06126331 · Incorporated 23 Feb 2007

Harding Brothers Retail Limited

Registered name: HARDING BROTHERS RETAIL LIMITED

Part of Harding Retail Ihc Ltd group

Harding Brothers Retail Limited made £296m revenue and a £20m loss in the year to 31 Dec 2023.

Harding Brothers Retail Limited’s revenue grew 56% to £296m in the year to 31 Dec 2023, with a loss of £20m and 200 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.

Full P&L filedSection G · Wholesale and retail trade; repair of motor vehiclesSIC 47190Other retail sale in non-specialised stores
Status
Active
Location
Bristol, South West
Age
19 yrs · since 2007
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: “Harding Brothers Holdings Limited”

Latest accounts · year to 31 Dec 2023

Key figures

Capital-light
Revenue
£296m
Growth ▲56%
Profit
−£20m
Growth —
Profit margin
−6.7%
Gross 16.5%
Employees
200
Change ▲32.5%
Profit / employee
−£99.8k
Revenue/employee £1.5m
Profitable streak
0yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to30 Dec 202231 Dec 2023
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£190m£296m
Cost of sales£155m£247m
Gross profit£34.7m£48.7m
Profit before tax−£13.1m−£20m
Profit after tax−£20.2m−£20m
Profit (best available)−£20.2m−£20m
Staff costs£7.9m£10.5m
Employees (average)151200
Ratios
Profit margin−10.6%−6.7%
Gross margin18.3%16.5%
Revenue per employee£1.3m£1.5m
Profit per employee−£134k−£99.8k
Growth (year on year)
Revenue growth—▲56%
Headcount growth—▲32.5%
Balance sheet — indirect signals, not revenue
Cash at bank£242k£3.2m
Net assets−£10.4m−£9.1m
Fixed assets£6.1m£9.6m
Current assets£98.2m£96.7m
Debtors£22.2m£24.2m
Deferred income£35.6k£7.3m
SourceAccounts · bulk data Oct 2024Accounts · bulk data Oct 2024
Derived from the latest filing

How the business works

Profit margin
−6.7%
Profit ÷ revenue.
Gross margin
16.5%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£1.5m
Revenue ÷ average employees.
Profit per employee
−£99.8k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
3.3%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
2.5%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
8.2%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

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 −£9.1m
Cash at bank
▲1234%
Now £3.2m
Headcount
▲32%
Now 200
Deferred income
▲20440%
Now £7.3m
Fixed assets
▲57%
Now £9.6m
Corporate ownership

Group structure

Ownership chain

  1. Harding Retail Ihc Ltdultimate parent75–100%
  2. Harding Brothers Holdings Limited75–100%
  3. Harding Brothers Retail Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (1)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Latest figures from accounts for the year to 31 Dec 2023 (profit −£20m), 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.