absolute solvents limited Company Information
Company Number
03942090
Website
www.absolutesolvents.co.ukRegistered Address
k5 the courtyard jenson avenue, commerce park, frome, somerset, BA11 2FG
Industry
Recovery of sorted materials
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
mr paul kevin gardner 67%
ms alison gardner 33%
absolute solvents limited Estimated Valuation
Pomanda estimates the enterprise value of ABSOLUTE SOLVENTS LIMITED at £5.2m based on a Turnover of £9.3m and 0.56x industry multiple (adjusted for size and gross margin).
absolute solvents limited Estimated Valuation
Pomanda estimates the enterprise value of ABSOLUTE SOLVENTS LIMITED at £3m based on an EBITDA of £546.1k and a 5.54x industry multiple (adjusted for size and gross margin).
absolute solvents limited Estimated Valuation
Pomanda estimates the enterprise value of ABSOLUTE SOLVENTS LIMITED at £7.5m based on Net Assets of £2.4m and 3.15x industry multiple (adjusted for liquidity).
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Absolute Solvents Limited Overview
Absolute Solvents Limited is a live company located in frome, BA11 2FG with a Companies House number of 03942090. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in March 2000, it's largest shareholder is mr paul kevin gardner with a 67% stake. Absolute Solvents Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.3m with rapid growth in recent years.
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Absolute Solvents Limited Health Check
Pomanda's financial health check has awarded Absolute Solvents Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £9.3m, make it smaller than the average company (£14.5m)
- Absolute Solvents Limited
£14.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 42%, show it is growing at a faster rate (10.3%)
- Absolute Solvents Limited
10.3% - Industry AVG
Production
with a gross margin of 13.5%, this company has a higher cost of product (22.3%)
- Absolute Solvents Limited
22.3% - Industry AVG
Profitability
an operating margin of 5% make it less profitable than the average company (7.6%)
- Absolute Solvents Limited
7.6% - Industry AVG
Employees
with 18 employees, this is below the industry average (36)
18 - Absolute Solvents Limited
36 - Industry AVG
Pay Structure
on an average salary of £37.2k, the company has an equivalent pay structure (£37.2k)
- Absolute Solvents Limited
£37.2k - Industry AVG
Efficiency
resulting in sales per employee of £516.8k, this is more efficient (£344.5k)
- Absolute Solvents Limited
£344.5k - Industry AVG
Debtor Days
it gets paid by customers after 109 days, this is later than average (33 days)
- Absolute Solvents Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is slower than average (37 days)
- Absolute Solvents Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (11 days)
- Absolute Solvents Limited
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (15 weeks)
10 weeks - Absolute Solvents Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.3%, this is a lower level of debt than the average (51.7%)
46.3% - Absolute Solvents Limited
51.7% - Industry AVG
absolute solvents limited Credit Report and Business Information
Absolute Solvents Limited Competitor Analysis
Perform a competitor analysis for absolute solvents limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
absolute solvents limited Ownership
ABSOLUTE SOLVENTS LIMITED group structure
Absolute Solvents Limited has no subsidiary companies.
Ultimate parent company
ABSOLUTE SOLVENTS LIMITED
03942090
absolute solvents limited directors
Absolute Solvents Limited currently has 2 directors. The longest serving directors include Miss Alison Gardner (Mar 2000) and Mr Paul Gardner (Mar 2000).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Miss Alison Gardner | England | 65 years | Mar 2000 | - | Director |
Mr Paul Gardner | England | 66 years | Mar 2000 | - | Director |
ABSOLUTE SOLVENTS LIMITED financials
Absolute Solvents Limited's latest turnover from March 2023 is estimated at £9.3 million and the company has net assets of £2.4 million. According to their latest financial statements, Absolute Solvents Limited has 18 employees and maintains cash reserves of £223.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | 18 | 18 | 15 | 12 | 12 | 12 | 15 | 15 | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 1,379,843 | 1,448,131 | 1,493,052 | 1,762,778 | 1,737,835 | 1,821,075 | 1,897,913 | 1,954,458 | 1,887,166 | 1,445,391 | 1,359,657 | 632,098 | 500,762 | 254,470 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
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 | 1,379,843 | 1,448,131 | 1,493,052 | 1,762,778 | 1,737,835 | 1,821,075 | 1,897,913 | 1,954,458 | 1,887,166 | 1,445,391 | 1,359,657 | 632,098 | 500,762 | 254,470 |
Stock & work in progress | 47,000 | 48,000 | 50,000 | 354,000 | 307,000 | 207,000 | 162,000 | 179,000 | 127,000 | 92,000 | 43,605 | 48,450 | 108,354 | 118,354 |
Trade Debtors | 2,787,374 | 2,245,184 | 1,484,732 | 519,410 | 283,281 | 371,594 | 367,907 | 356,787 | 443,626 | 355,332 | 443,246 | 531,496 | 551,288 | 371,016 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 223,783 | 126,554 | 368,729 | 147,218 | 0 | 0 | 10,013 | 0 | 0 | 40,669 | 62,639 | 127,166 | 0 | 318 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 3,058,157 | 2,419,738 | 1,903,461 | 1,020,628 | 590,281 | 578,594 | 539,920 | 535,787 | 570,626 | 488,001 | 549,490 | 707,112 | 659,642 | 489,688 |
total assets | 4,438,000 | 3,867,869 | 3,396,513 | 2,783,406 | 2,328,116 | 2,399,669 | 2,437,833 | 2,490,245 | 2,457,792 | 1,933,392 | 1,909,147 | 1,339,210 | 1,160,404 | 744,158 |
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 | 20,620 | 20,120 | 0 | 0 | 0 |
Trade Creditors | 1,143,171 | 1,106,060 | 789,249 | 769,212 | 618,262 | 771,325 | 646,599 | 461,812 | 513,863 | 401,884 | 483,805 | 449,885 | 569,452 | 347,983 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 1,143,171 | 1,106,060 | 789,249 | 769,212 | 618,262 | 771,325 | 646,599 | 461,812 | 513,863 | 422,504 | 503,925 | 449,885 | 569,452 | 347,983 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 586,970 | 493,228 | 437,406 | 504,449 | 545,034 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 374,956 | 503,819 | 554,112 | 402,656 | 449,098 | 512,198 | 0 | 0 | 0 | 0 | 13,462 | 128,132 | 119,293 | 13,011 |
provisions | 536,955 | 260,188 | 339,380 | 173,233 | 142,137 | 167,347 | 210,619 | 251,642 | 271,000 | 405,000 | 429,850 | 346,479 | 346,479 | 73,339 |
total long term liabilities | 911,911 | 764,007 | 893,492 | 575,889 | 591,235 | 679,545 | 797,589 | 744,870 | 708,406 | 909,449 | 988,346 | 474,611 | 465,772 | 86,350 |
total liabilities | 2,055,082 | 1,870,067 | 1,682,741 | 1,345,101 | 1,209,497 | 1,450,870 | 1,444,188 | 1,206,682 | 1,222,269 | 1,331,953 | 1,492,271 | 924,496 | 1,035,224 | 434,333 |
net assets | 2,382,918 | 1,997,802 | 1,713,772 | 1,438,305 | 1,118,619 | 948,799 | 993,645 | 1,283,563 | 1,235,523 | 601,439 | 416,876 | 414,714 | 125,180 | 309,825 |
total shareholders funds | 2,382,918 | 1,997,802 | 1,713,772 | 1,438,305 | 1,118,619 | 948,799 | 993,645 | 1,283,563 | 1,235,523 | 601,439 | 416,876 | 414,714 | 125,180 | 309,825 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 78,119 | 88,693 | 100,706 | 80,727 | 63,109 | 76,983 | 59,990 | 62,957 | 67,683 | 66,855 | 78,731 | 65,561 | 36,650 | 26,835 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | -1,000 | -2,000 | -304,000 | 47,000 | 100,000 | 45,000 | -17,000 | 52,000 | 35,000 | 48,395 | -4,845 | -59,904 | -10,000 | 118,354 |
Debtors | 542,190 | 760,452 | 965,322 | 236,129 | -88,313 | 3,687 | 11,120 | -86,839 | 88,294 | -87,914 | -88,250 | -19,792 | 180,272 | 371,016 |
Creditors | 37,111 | 316,811 | 20,037 | 150,950 | -153,063 | 124,726 | 184,787 | -52,051 | 111,979 | -81,921 | 33,920 | -119,567 | 221,469 | 347,983 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 276,767 | -79,192 | 166,147 | 31,096 | -25,210 | -43,272 | -41,023 | -19,358 | -134,000 | -24,850 | 83,371 | 0 | 273,140 | 73,339 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -20,620 | 500 | 20,120 | 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 | -586,970 | 93,742 | 55,822 | -67,043 | -40,585 | 545,034 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -128,863 | -50,293 | 151,456 | -46,442 | -63,100 | 512,198 | 0 | 0 | 0 | -13,462 | -114,670 | 8,839 | 106,282 | 13,011 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 97,229 | -242,175 | 221,511 | 147,218 | 0 | -10,013 | 10,013 | 0 | -40,669 | -21,970 | -64,527 | 127,166 | -318 | 318 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 97,229 | -242,175 | 221,511 | 147,218 | 0 | -10,013 | 10,013 | 0 | -40,669 | -21,970 | -64,527 | 127,166 | -318 | 318 |
P&L
March 2023turnover
9.3m
+24%
operating profit
468k
0%
gross margin
13.6%
+6.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.4m
+0.19%
total assets
4.4m
+0.15%
cash
223.8k
+0.77%
net assets
Total assets minus all liabilities
absolute solvents limited company details
company number
03942090
Type
Private limited with Share Capital
industry
38320 - Recovery of sorted materials
incorporation date
March 2000
age
24
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
k5 the courtyard jenson avenue, commerce park, frome, somerset, BA11 2FG
last accounts submitted
March 2023
absolute solvents limited Charges & Mortgages
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 absolute solvents limited. Currently there are 4 open charges and 0 have been satisfied in the past.
absolute solvents limited Companies House Filings - See Documents
date | description | view/download |
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