Kar Contractors Limited

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kar contractors limited Company Information

Live

MatureSmallHigh

Company Number

03511425

Website

www.karpaintingcontractors.co.uk

Registered Address

norman gilbert house, 38 mitchell point ensign way, hamble le rice southampton, hampshire, SO31 4RF

Industry

Painting

Telephone

02380455123

Next Accounts Due

September 2024

Group Structure

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Directors

Daniel Roberts10 Years

Robert May6 Years

Shareholders

waith holdings limited 100%

kar contractors limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of KAR CONTRACTORS LIMITED at £1.5m based on Net Assets of £562.5k and 2.6x industry multiple (adjusted for liquidity).

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Kar Contractors Limited is a live company located in hamble le rice southampton, SO31 4RF with a Companies House number of 03511425. It operates in the painting sector, SIC Code 43341. Founded in February 1998, it's largest shareholder is waith holdings limited with a 100% stake. Kar Contractors Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with high growth in recent years.

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Pomanda's financial health check has awarded Kar Contractors Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £3.7m, make it larger than the average company (£152.4k)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (5.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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KAR CONTRACTORS LIMITED group structure

Kar Contractors Limited has no subsidiary companies.

Ultimate parent company

WAITH HOLDINGS LIMITED

05192977

1 parent

KAR CONTRACTORS LIMITED

03511425

KAR CONTRACTORS LIMITED Shareholders

waith holdings limited

100%

Kar Contractors Limited currently has 2 directors. The longest serving directors include Mr Daniel Roberts (Jan 2014) and Mr Robert May (May 2018).

officer	country	age	start	end	role
Mr Daniel Roberts		45 years	Jan 2014	-	Director
Mr Robert May		40 years	May 2018	-	Director

EXPORT

Kar Contractors Limited's latest turnover from December 2022 is estimated at £3.7 million and the company has net assets of £562.5 thousand. According to their latest financial statements, Kar Contractors Limited has 20 employees and maintains cash reserves of £247.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	3,707,785	2,092,408	2,099,734	2,320,637	2,504,671	2,543,466	2,205,260	3,157,039	4,192,183	3,642,409	4,251,759	3,439,632	3,557,312	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,514,523	1,425,190	1,543,404	1,719,057	1,829,707	1,651,611	1,442,565	2,292,424	3,119,480	2,639,040	3,062,109	2,455,592	2,366,995	0
Gross Profit	1,193,262	667,218	556,329	601,580	674,964	891,856	762,695	864,615	1,072,703	1,003,369	1,189,651	984,040	1,190,317	0
Admin Expenses	1,016,289	747,865	637,742	599,827	1,118,060	824,870	653,465	827,923	956,650	945,828	1,240,513	974,125	1,206,732	-1,049,373
Operating Profit	176,973	-80,647	-81,413	1,753	-443,096	66,986	109,230	36,692	116,053	57,541	-50,862	9,915	-16,415	1,049,373
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,328	644	287	1,849	3,306	1,857	441	1,378	1,551	999	1,182	1,568	998	361
Pre-Tax Profit	184,301	-80,003	-81,126	3,602	-439,790	68,843	109,671	38,070	117,604	58,540	-49,680	11,482	-15,417	1,049,733
Tax	-35,017	0	0	-684	0	-13,080	-21,934	-7,614	-24,697	-13,464	0	-2,985	0	-293,925
Profit After Tax	149,284	-80,003	-81,126	2,918	-439,790	55,763	87,737	30,456	92,907	45,076	-49,680	8,497	-15,417	755,808
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	149,284	-80,003	-81,126	2,918	-439,790	55,763	87,737	30,456	92,907	45,076	-49,680	8,497	-15,417	755,808
Employee Costs	513,616	575,392	502,579	477,265	624,348	586,219	658,891	992,913	1,234,106	1,155,728	1,336,927	1,113,586	1,245,760	0
Number Of Employees	20	20	19	17	19	18	20	32	39	37	45	40	46	0
EBITDA*	214,320	-33,347	-34,307	45,452	-402,275	98,889	136,151	61,168	134,252	71,319	-39,497	22,927	-3,836	1,068,513

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	40,473	74,765	72,738	84,629	75,378	52,673	48,755	45,208	38,960	40,651	38,970	19,957	17,640	27,280
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	325
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	40,473	74,765	72,738	84,629	75,378	52,673	48,755	45,208	38,960	40,651	38,970	19,957	17,640	27,605
Stock & work in progress	196,600	162,968	163,703	350,551	161,374	97,474	108,355	152,189	5,453	128,318	109,873	134,627	114,831	45,965
Trade Debtors	781,993	538,697	452,234	440,859	558,390	567,146	467,983	561,495	767,319	531,039	710,694	474,438	568,328	770,811
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	77,725	44,512	31,372	43,138	29,825	127,116	600,781	261,884	0	0	0	0	0	22,183
Cash	247,214	171,514	343,469	230,917	262,251	619,475	123,229	229,759	321,425	298,890	100,665	372,161	254,971	144,267
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,303,532	917,691	990,778	1,065,465	1,011,840	1,411,211	1,300,348	1,205,327	1,094,197	958,247	921,232	981,226	938,130	983,226
total assets	1,344,005	992,456	1,063,516	1,150,094	1,087,218	1,463,884	1,349,103	1,250,535	1,133,157	998,898	960,202	1,001,183	955,770	1,010,831
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	45,756	26,124	22,323	14,554	26,522	54,461	32,437	32,783	284,791	247,867	256,119	250,102	214,889	245,368
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	11,880	17,963	18,096	14,633	7,997	0	895	3,333	0	0	0	0	0	0
other current liabilities	701,200	492,203	497,721	507,761	450,229	391,031	354,271	337,536	0	0	0	0	0	0
total current liabilities	758,836	536,290	538,140	536,948	484,748	445,492	387,603	373,652	284,791	247,867	256,119	250,102	214,889	245,368
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	15,212	27,092	20,621	25,154	19,325	0	0	896	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	4,229	0	0	0	0	7,970
provisions	7,422	15,823	11,501	13,612	11,683	7,140	6,011	8,235	6,841	6,642	4,770	2,088	385	1,580
total long term liabilities	22,634	42,915	32,122	38,766	31,008	7,140	6,011	9,131	11,070	6,642	4,770	2,088	385	9,550
total liabilities	781,470	579,205	570,262	575,714	515,756	452,632	393,614	382,783	295,861	254,509	260,889	252,190	215,274	254,918
net assets	562,535	413,251	493,254	574,380	571,462	1,011,252	955,489	867,752	837,296	744,389	699,313	748,993	740,496	755,913
total shareholders funds	562,535	413,251	493,254	574,380	571,462	1,011,252	955,489	867,752	837,296	744,389	699,313	748,993	740,496	755,913

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	176,973	-80,647	-81,413	1,753	-443,096	66,986	109,230	36,692	116,053	57,541	-50,862	9,915	-16,415	1,049,373
Depreciation	37,347	47,300	47,106	43,699	40,821	31,903	26,921	24,476	18,199	13,778	11,365	13,012	12,254	18,540
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	325	600
Tax	-35,017	0	0	-684	0	-13,080	-21,934	-7,614	-24,697	-13,464	0	-2,985	0	-293,925
Stock	33,632	-735	-186,848	189,177	63,900	-10,881	-43,834	146,736	-122,865	18,445	-24,754	19,796	68,866	45,965
Debtors	276,509	99,603	-391	-104,218	-106,047	-374,502	245,385	56,060	236,280	-179,655	236,256	-93,890	-224,666	792,994
Creditors	19,632	3,801	7,769	-11,968	-27,939	22,024	-346	-252,008	36,924	-8,252	6,017	35,213	-30,479	245,368
Accruals and Deferred Income	208,997	-5,518	-10,040	57,532	59,198	36,760	16,735	337,536	0	0	0	0	0	0
Deferred Taxes & Provisions	-8,401	4,322	-2,111	1,929	4,543	1,129	-2,224	1,394	199	1,872	2,682	1,703	-1,195	1,580
Cash flow from operations	89,390	-129,610	148,550	7,302	-324,326	531,105	-73,169	-62,320	33,263	212,685	-242,300	130,952	120,290	182,577
Investing Activities
capital expenditure	-3,055	-49,327	-35,215	-52,950	-63,526	-35,821	-30,468	-30,724	-16,508	-15,459	-30,378	-15,329	-2,614	-46,745
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,055	-49,327	-35,215	-52,950	-63,526	-35,821	-30,468	-30,724	-16,508	-15,459	-30,378	-15,329	-2,614	-46,745
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-17,963	6,338	-1,070	12,465	27,322	-895	-3,334	4,229	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-4,229	4,229	0	0	0	-7,970	7,970
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	105
interest	7,328	644	287	1,849	3,306	1,857	441	1,378	1,551	999	1,182	1,568	998	361
cash flow from financing	-10,635	6,982	-783	14,314	30,628	962	-2,893	1,378	5,780	999	1,182	1,568	-6,972	8,436
cash and cash equivalents
cash	75,700	-171,955	112,552	-31,334	-357,224	496,246	-106,530	-91,666	22,535	198,225	-271,496	117,190	110,704	144,267
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	75,700	-171,955	112,552	-31,334	-357,224	496,246	-106,530	-91,666	22,535	198,225	-271,496	117,190	110,704	144,267

P&L

December 2022

turnover

3.7m

+77%

operating profit

177k

gross margin

32.2%

+0.93%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

562.5k

+0.36%

total assets

1.3m

+0.35%

cash

247.2k

+0.44%

net assets

Total assets minus all liabilities

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company number

03511425

Type

Private limited with Share Capital

industry

43341 - Painting

incorporation date

February 1998

age

accounts

Total Exemption Full

ultimate parent company

WAITH HOLDINGS LIMITED

previous names

N/A

incorporated

address

norman gilbert house, 38 mitchell point ensign way, hamble le rice southampton, hampshire, SO31 4RF

last accounts submitted

December 2022

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 4 charges/mortgages relating to kar contractors limited. Currently there are 2 open charges and 2 have been satisfied in the past.

kar contractors limited Company Information

kar contractors limited Estimated Valuation

kar contractors limited Estimated Valuation

kar contractors limited Estimated Valuation

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