HALLS CONTRACTS LIMITED
Executive Summary
Halls Contracts Limited, operating in the UK landscaping services sector, demonstrates strong financial health and asset growth uncommon among typical small landscaping firms. The company’s increasing fixed assets and robust net current assets position it well to capitalize on sector trends favoring mechanized and sustainable landscaping solutions. While it remains a niche player with limited workforce scale, its financial stability provides a solid foundation for competitive growth within the evolving market landscape.
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This analysis is opinion only and should not be interpreted as financial advice.
HALLS CONTRACTS LIMITED - Analysis Report
- Industry Classification
Halls Contracts Limited operates under SIC code 81300, which corresponds to "Landscape service activities." This sector primarily includes companies engaged in garden and landscape maintenance, planting, turfing, and related outdoor environmental management services. Key characteristics of this sector include a reliance on skilled manual labor, seasonality effects, and demand driven by both residential and commercial property maintenance. The industry typically consists of micro to medium enterprises, with a competitive landscape influenced by local contract acquisition and reputation.
- Relative Performance
Analyzing Halls Contracts Limited’s financials in the context of the landscaping sector reveals solid growth and financial health relative to typical industry benchmarks. As of the 2023 financial year-end, the company reported net assets of approximately £842k, up from £581k in 2022 and £289k in 2019, indicating consistent capital accumulation and asset base expansion.
Key performance indicators:
- Tangible fixed assets rose significantly to £536k in 2023 from £421k in 2022, reflecting investment in plant and machinery which is critical for operational capacity in landscaping services.
- Net current assets increased to £368k in 2023 from £177k in 2022, demonstrating improved liquidity and working capital management.
- Current liabilities have decreased markedly from £44k in 2022 to just £3.6k in 2023, indicating stronger short-term financial stability.
- The company has no employees on average, which is unusual but may suggest reliance on subcontractors or directors themselves performing operational roles, a common approach in smaller, family-run landscaping businesses.
Compared to sector averages, where many small landscaping firms operate with minimal asset bases and tighter margins, Halls Contracts Limited’s asset-heavy structure and substantial net assets position it above the typical micro or small enterprise in this sector.
- Sector Trends Impact
Several market dynamics currently affect the landscaping services sector in the UK:
- Increased demand for sustainable and environmentally friendly landscaping, driven by regulatory pressures and consumer preferences, is pushing firms to invest in specialized equipment and expertise.
- Seasonality and weather dependency require flexible operational models.
- Labour shortages and wage inflation in horticulture and landscaping make asset investment a possible strategy to improve efficiency and reduce manual labour reliance.
- Growth in commercial landscaping contracts, particularly in urban regeneration and public sector projects, offers opportunities for firms with capacity and credibility.
Halls Contracts Limited’s increased investment in plant and machinery aligns well with these trends, suggesting proactive adaptation to market demands and efficiency improvement.
- Competitive Positioning
Halls Contracts Limited appears to be a niche player with characteristics of a well-capitalized small to medium enterprise within the landscaping sector. Strengths include:
- Solid balance sheet growth and asset accumulation, which can provide competitive advantage in bidding for larger or more complex contracts.
- Low current liabilities and positive working capital, enhancing financial flexibility.
- Directors’ long-term involvement since incorporation, which may indicate a stable management team with sector knowledge.
Potential weaknesses relative to larger competitors:
- The absence of employees may limit scalability and operational reach compared to larger firms with dedicated workforce resources.
- Lack of publicly available turnover or profit data makes it difficult to assess operational efficiency fully versus peers.
- As a private limited company, it may have limited access to capital markets compared to publicly listed landscaping firms.
Overall, Halls Contracts Limited’s financial robustness and asset base suggest a healthy position in the landscaping services niche, with opportunities to leverage equipment investments for growth amid sector trends favoring mechanization and sustainable practices.
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