acedent limited

2

acedent limited Company Information

Share ACEDENT LIMITED
Live 
MatureSmallDeclining

Company Number

04449365

Registered Address

416 green lane, ilford, essex, IG3 9JX

Industry

Maintenance and repair of motor vehicles

 

Telephone

-

Next Accounts Due

August 2024

Group Structure

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Directors

Avtar Panesar19 Years

Shareholders

avneet panesar 25%

avtar panesar 25%

View All

acedent limited Estimated Valuation

£189.6k

Pomanda estimates the enterprise value of ACEDENT LIMITED at £189.6k based on a Turnover of £967.1k and 0.2x industry multiple (adjusted for size and gross margin).

acedent limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ACEDENT LIMITED at £0 based on an EBITDA of £-102.7k and a 2.72x industry multiple (adjusted for size and gross margin).

acedent limited Estimated Valuation

£0

Pomanda estimates the enterprise value of ACEDENT LIMITED at £0 based on Net Assets of £-418.9k and 2.79x industry multiple (adjusted for liquidity).

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Acedent Limited Overview

Acedent Limited is a live company located in essex, IG3 9JX with a Companies House number of 04449365. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in May 2002, it's largest shareholder is avneet panesar with a 25% stake. Acedent Limited is a mature, small sized company, Pomanda has estimated its turnover at £967.1k with declining growth in recent years.

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Acedent Limited Health Check

Pomanda's financial health check has awarded Acedent Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £967.1k, make it larger than the average company (£369.4k)

£967.1k - Acedent Limited

£369.4k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (4.3%)

-25% - Acedent Limited

4.3% - Industry AVG

production

Production

with a gross margin of 22.7%, this company has a higher cost of product (35%)

22.7% - Acedent Limited

35% - Industry AVG

profitability

Profitability

an operating margin of -10.6% make it less profitable than the average company (5.4%)

-10.6% - Acedent Limited

5.4% - Industry AVG

employees

Employees

with 31 employees, this is above the industry average (6)

31 - Acedent Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £23.8k, the company has an equivalent pay structure (£23.8k)

£23.8k - Acedent Limited

£23.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £31.2k, this is less efficient (£86.5k)

£31.2k - Acedent Limited

£86.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 27 days, this is earlier than average (42 days)

27 days - Acedent Limited

42 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 116 days, this is slower than average (43 days)

116 days - Acedent Limited

43 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Acedent Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Acedent Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 302.2%, this is a higher level of debt than the average (70.4%)

302.2% - Acedent Limited

70.4% - Industry AVG

acedent limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Acedent Limited Competitor Analysis

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acedent limited Ownership

ACEDENT LIMITED group structure

Acedent Limited has no subsidiary companies.

Ultimate parent company

1 parent

ACEDENT LIMITED

04449365

ACEDENT LIMITED Shareholders

avneet panesar 25%
avtar panesar 25%
rattan kaur panesar 25%
jasbir singh panesar 25%

acedent limited directors

Acedent Limited currently has 1 director, Avtar Panesar serving since Mar 2005.

officercountryagestartendrole
Avtar Panesar44 years Mar 2005- Director

ACEDENT LIMITED financials

EXPORTms excel logo

Acedent Limited's latest turnover from November 2022 is estimated at £967.1 thousand and the company has net assets of -£418.9 thousand. According to their latest financial statements, Acedent Limited has 31 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Turnover967,0951,774,8211,191,0962,327,6123,042,3182,588,1101,572,8471,175,3991,643,419688,6361,869,8131,383,3991,549,8440
Other Income Or Grants00000000000000
Cost Of Sales747,5381,373,721910,2701,744,3192,218,9841,854,9371,125,017866,9341,193,039490,1881,330,555978,5621,069,4910
Gross Profit219,556401,100280,826583,293823,334733,173447,830308,465450,380198,447539,258404,837480,3530
Admin Expenses322,298453,786584,023751,361815,806698,153391,095445,585251,751137,498718,441992,257475,741-1,133,559
Operating Profit-102,742-52,686-303,197-168,0687,52835,02056,735-137,120198,62960,949-179,183-587,4204,6121,133,559
Interest Payable00000000000000
Interest Receivable0482271,33702632886107034516071,5882,2741,249
Pre-Tax Profit-102,742-52,638-302,970-166,7317,52835,28457,024-136,510199,33261,400-178,576-585,8326,8861,134,808
Tax0000-1,430-6,704-11,4050-41,860-14,12200-1,928-317,746
Profit After Tax-102,742-52,638-302,970-166,7316,09828,58045,619-136,510157,47247,278-178,576-585,8324,958817,062
Dividends Paid00000000000000
Retained Profit-102,742-52,638-302,970-166,7316,09828,58045,619-136,510157,47247,278-178,576-585,8324,958817,062
Employee Costs739,106670,991683,539877,313652,482560,197292,989186,271263,836131,578297,138239,186306,2370
Number Of Employees3127263223211171051210130
EBITDA*-102,742-52,686-272,059-126,5517,52835,02056,735-117,113222,78660,949-179,183-575,95015,7391,148,394

* Earnings Before Interest, Tax, Depreciation and Amortisation

Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Tangible Assets133,509115,27693,412124,55045,56024,64832,86543,82144,43159,80038,04234,40733,37744,504
Intangible Assets00000000000000
Investments & Other0000000007,5997,5997,5997,5997,599
Debtors (Due After 1 year)00000000000000
Total Fixed Assets133,509115,27693,412124,55045,56024,64832,86543,82144,43167,39945,64142,00640,97652,103
Stock & work in progress00000000000000
Trade Debtors73,638480,107206,151385,203701,224604,438324,016226,334332,01597,248311,823194,584293,747354,950
Group Debtors00000000000000
Misc Debtors00000000000000
Cash0096,615356,45300105,393125,386118,520162,67417,638225,299409,970499,783
misc current assets00000000000146,122175,322149,752
total current assets73,638480,107302,766741,656701,224604,438429,409351,720450,535259,922329,461566,005879,0391,004,485
total assets207,147595,383396,178866,206746,784629,086462,274395,541494,966327,321375,102608,011920,0151,056,588
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 238,800305,735293,533796,785540,635429,035290,703269,589232,504216,785317,390371,72397,895239,426
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000000000000
total current liabilities238,800305,735293,533796,785540,635429,035290,703269,589232,504216,785317,390371,72397,895239,426
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities387,279605,838366,09729,903000005,5460000
provisions00000000000000
total long term liabilities387,279605,838366,09729,903000005,5460000
total liabilities626,079911,573659,630826,688540,635429,035290,703269,589232,504222,331317,390371,72397,895239,426
net assets-418,932-316,190-263,45239,518206,149200,051171,571125,952262,462104,99057,712236,288822,120817,162
total shareholders funds-418,932-316,190-263,45239,518206,149200,051171,571125,952262,462104,99057,712236,288822,120817,162
Nov 2022Nov 2021Nov 2020Nov 2019Nov 2018Nov 2017Nov 2016Nov 2015Nov 2014Nov 2013Nov 2012Nov 2011Nov 2010Nov 2009
Operating Activities
Operating Profit-102,742-52,686-303,197-168,0687,52835,02056,735-137,120198,62960,949-179,183-587,4204,6121,133,559
Depreciation0031,13841,51700020,00724,1570011,47011,12714,835
Amortisation00000000000000
Tax0000-1,430-6,704-11,4050-41,860-14,12200-1,928-317,746
Stock00000000000000
Debtors-406,469273,956-179,052-316,02196,786280,42297,682-105,681234,767-214,575117,239-99,163-61,203354,950
Creditors-66,93512,202-503,252256,150111,600138,33221,11437,08515,719-100,605-54,333273,828-141,531239,426
Accruals and Deferred Income00000000000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations236,792-314,440-596,259445,62020,912-113,774-31,23825,653-38,122160,797-350,755-202,959-66,517715,124
Investing Activities
capital expenditure-18,233-21,8640-120,507-20,9128,21710,956-19,397-8,788-21,758-3,635-12,5000-59,339
Change in Investments00000000-7,59900007,599
cash flow from investments-18,233-21,8640-120,507-20,9128,21710,956-19,397-1,189-21,758-3,635-12,5000-66,938
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-218,559239,741336,19429,9030000-5,5465,5460000
share issue0-10001000-1000000000100
interest0482271,33702632886107034516071,5882,2741,249
cash flow from financing-218,559239,689336,42131,3400163288610-4,8435,9976071,5882,2741,349
cash and cash equivalents
cash0-96,615-259,838356,4530-105,393-19,9936,866-44,154145,036-207,661-184,671-89,813499,783
overdraft00000000000000
change in cash0-96,615-259,838356,4530-105,393-19,9936,866-44,154145,036-207,661-184,671-89,813499,783

P&L

November 2022

turnover

967.1k

-46%

operating profit

-102.7k

0%

gross margin

22.8%

+0.46%

turnover

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

Balance Sheet

November 2022

net assets

-418.9k

+0.32%

total assets

207.1k

-0.65%

cash

0

0%

net assets

Total assets minus all liabilities

acedent limited company details

company number

04449365

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

May 2002

age

22

accounts

Micro-Entity Accounts

ultimate parent company

previous names

N/A

incorporated

UK

address

416 green lane, ilford, essex, IG3 9JX

last accounts submitted

November 2022

acedent 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 did not find charges/mortgages relating to acedent limited.

charges

acedent limited Companies House Filings - See Documents

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