Able2 Uk Limited

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able2 uk limited Company Information

Live

MatureMidDeclining

Company Number

04882353

Website

www.able2.eu

Registered Address

bridge mill, moorgate street, blackburn, lancashire, BB2 4PB

Industry

Manufacture of irradiation, electromedical and electrotherapeutic equipment

Telephone

01254619000

Next Accounts Due

September 2024

Group Structure

View All

Directors

Ian Reed20 Years

Mark Diaj19 Years

Shareholders

adl holdings ltd 100%

able2 uk limited Estimated Valuation

£8.2m

Pomanda estimates the enterprise value of ABLE2 UK LIMITED at £8.2m based on Net Assets of £3.4m and 2.39x industry multiple (adjusted for liquidity).

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Able2 Uk Limited is a live company located in blackburn, BB2 4PB with a Companies House number of 04882353. It operates in the manufacture of irradiation, electromedical and electrotherapeutic equipment sector, SIC Code 26600. Founded in August 2003, it's largest shareholder is adl holdings ltd with a 100% stake. Able2 Uk Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Able2 Uk Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £6.6m, make it smaller than the average company (£26.2m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (6.1%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ABLE2 UK LIMITED group structure

Able2 Uk Limited has 3 subsidiary companies.

Ultimate parent company

ADL HOLDINGS LIMITED

06455481

1 parent

ABLE2 UK LIMITED

04882353

3 subsidiaries

MARPLACE (NUMBER) 607 LIMITED

02038032

ISAGI LIMITED

06147326

SPINAL PRODUCTS LIMITED

02867577

ABLE2 UK LIMITED Shareholders

adl holdings ltd

100%

Able2 Uk Limited currently has 2 directors. The longest serving directors include Mr Ian Reed (Jan 2004) and Mr Mark Diaj (Sep 2004).

officer	country	age	start	end	role
Mr Ian Reed		57 years	Jan 2004	-	Director
Mr Mark Diaj		54 years	Sep 2004	-	Director

EXPORT

Able2 Uk Limited's latest turnover from December 2022 is estimated at £6.6 million and the company has net assets of £3.4 million. According to their latest financial statements, Able2 Uk Limited has 39 employees and maintains cash reserves of £2.1 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	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	6,606,837	8,486,358	6,525,136	6,929,384	6,002,671	6,083,149	4,025,524	4,272,596	4,690,974	9,259,851	5,667,538	4,425,900	4,722,774	3,341,989
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,589,091	5,399,463	4,156,119	4,508,540	3,905,582	4,386,912	2,496,105	2,585,226	3,104,181	6,321,611	3,794,773	2,745,674	2,939,469	2,037,401
Gross Profit	2,017,747	3,086,895	2,369,016	2,420,844	2,097,088	1,696,237	1,529,419	1,687,370	1,586,792	2,938,240	1,872,765	1,680,225	1,783,306	1,304,588
Admin Expenses	1,863,332	2,793,107	2,156,870	2,228,330	1,900,651	1,447,251	1,310,419	1,544,206	1,441,700	2,892,350	1,818,958	1,692,061	1,622,441	1,620,689
Operating Profit	154,415	293,788	212,146	192,514	196,437	248,986	219,000	143,164	145,092	45,890	53,807	-11,836	160,865	-316,101
Interest Payable	114,261	64,934	50,853	50,852	38,440	94,045	131,534	114,101	114,101	57,050	0	0	94,689	54,069
Interest Receivable	349	35	79	6,892	13,055	4,482	3	19	35	46	107	154	127	172
Pre-Tax Profit	40,502	228,889	161,372	148,554	171,053	159,422	87,469	29,083	31,027	-11,114	53,914	-11,682	66,303	-369,998
Tax	-7,695	-43,489	-30,661	-28,225	-32,500	-30,290	-17,494	-5,816	-6,516	0	-12,939	0	-18,565	57,252
Profit After Tax	32,807	185,400	130,711	120,329	138,553	129,132	69,975	23,266	24,511	-11,114	40,975	-11,682	47,738	-312,746
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	32,807	185,400	130,711	120,329	138,553	129,132	69,975	23,266	24,511	-11,114	40,975	-11,682	47,738	-312,746
Employee Costs	2,282,109	2,486,081	2,597,311	2,528,133	2,405,557	1,960,605	2,284,941	884,130	783,511	1,666,875	1,134,812	927,114	1,537,213	695,428
Number Of Employees	39	43	43	41	42	40	38	14	15	35	24	19	33	30
EBITDA*	252,499	390,920	304,294	282,181	274,503	360,943	302,439	226,021	238,805	142,168	164,452	112,225	292,018	-176,752

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	592,282	623,549	596,223	626,994	584,696	605,478	617,614	646,607	630,927	670,009	672,144	728,581	768,848	820,113
Intangible Assets	194,109	254,950	315,790	376,630	437,470	486,245	466,138	517,842	569,547	621,252	672,948	724,643	776,338	828,033
Investments & Other	257,518	257,518	267,518	268,518	268,518	376,105	267,518	267,518	267,518	267,518	267,518	267,518	267,518	267,518
Debtors (Due After 1 year)	2,883,952	2,828,953	2,768,953	2,728,953	2,668,953	2,608,953	2,457,268	2,492,580	2,492,580	2,498,582	2,498,039	2,634,145	2,634,145	2,744,986
Total Fixed Assets	3,927,861	3,964,970	3,948,484	4,001,095	3,959,637	4,076,781	3,808,538	3,924,547	3,960,572	4,057,361	4,110,649	4,354,887	4,446,849	4,660,650
Stock & work in progress	968,395	841,908	689,285	781,851	677,230	475,509	482,420	435,588	367,523	398,445	375,490	446,816	455,470	517,818
Trade Debtors	544,690	610,983	542,434	452,108	462,501	456,370	538,889	651,615	625,597	576,273	610,899	573,039	544,742	490,590
Group Debtors	0	0	0	0	0	0	35,312	0	0	0	0	0	0	0
Misc Debtors	145,715	249,332	287,363	246,803	214,050	284,842	183,551	0	0	0	3,549	3,549	3,549	105,768
Cash	2,098	17,825	10,105	147,136	1,690,640	1,790,814	1,856	848	6,653	7,436	11,057	31,755	29,890	21,090
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,660,898	1,720,048	1,529,187	1,627,898	3,044,421	3,007,535	1,242,028	1,088,051	999,773	982,154	1,000,995	1,055,159	1,033,651	1,135,266
total assets	5,588,759	5,685,018	5,477,671	5,628,993	7,004,058	7,084,316	5,050,566	5,012,598	4,960,345	5,039,515	5,111,644	5,410,046	5,480,500	5,795,916
Bank overdraft	139,230	68,404	61,812	50,000	50,000	60,000	249,200	0	0	0	0	0	0	582,973
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	75,409
Trade Creditors	597,120	493,681	481,066	713,148	505,312	446,503	657,989	1,826,758	1,751,061	2,199,658	2,527,767	2,537,434	2,502,039	397,374
Group/Directors Accounts	44,222	204,027	485,067	758,655	2,530,534	2,676,130	707,798	0	0	0	0	0	0	927,238
other short term finances	429,557	426,058	237,143	386,764	306,450	0	0	0	0	0	0	0	0	0
hp & lease commitments	11,058	11,559	3,000	8,463	6,592	10,175	7,737	0	0	0	0	0	0	16,274
other current liabilities	299,862	330,329	442,260	245,505	295,434	673,975	266,409	0	0	0	0	0	0	779,780
total current liabilities	1,521,049	1,534,058	1,710,348	2,162,535	3,694,322	3,866,783	1,889,133	1,826,758	1,751,061	2,199,658	2,527,767	2,537,434	2,502,039	2,779,048
loans	618,375	723,874	560,583	371,000	342,500	380,000	2,204,506	1,755,396	1,755,396	1,755,396	0	0	0	2,255,132
hp & lease commitments	31,888	42,446	7,500	26,929	19,036	27,886	31,808	0	0	0	0	0	0	20,286
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	575,300	622,010	277,094	1,765,396	2,095,106	2,189,273	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	650,263	766,320	568,083	397,929	361,536	407,886	2,236,314	2,330,696	2,377,406	2,032,490	1,765,396	2,095,106	2,189,273	2,275,418
total liabilities	2,171,312	2,300,378	2,278,431	2,560,464	4,055,858	4,274,669	4,125,447	4,157,454	4,128,467	4,232,148	4,293,163	4,632,540	4,691,312	5,054,466
net assets	3,417,447	3,384,640	3,199,240	3,068,529	2,948,200	2,809,647	925,119	855,144	831,878	807,367	818,481	777,506	789,188	741,450
total shareholders funds	3,417,447	3,384,640	3,199,240	3,068,529	2,948,200	2,809,647	925,119	855,144	831,878	807,367	818,481	777,506	789,188	741,450

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	154,415	293,788	212,146	192,514	196,437	248,986	219,000	143,164	145,092	45,890	53,807	-11,836	160,865	-316,101
Depreciation	37,243	36,292	31,308	28,827	29,291	41,505	31,735	31,152	42,008	44,582	58,950	72,366	79,458	83,583
Amortisation	60,841	60,840	60,840	60,840	48,775	70,452	51,704	51,705	51,705	51,696	51,695	51,695	51,695	55,766
Tax	-7,695	-43,489	-30,661	-28,225	-32,500	-30,290	-17,494	-5,816	-6,516	0	-12,939	0	-18,565	57,252
Stock	126,487	152,623	-92,566	104,621	201,721	-6,911	46,832	68,065	-30,922	22,955	-71,326	-8,654	-62,348	517,818
Debtors	-114,911	90,518	170,886	82,360	-4,661	135,145	70,825	26,018	43,322	-37,632	-98,246	28,297	-158,908	3,341,344
Creditors	103,439	12,615	-232,082	207,836	58,809	-211,486	-1,168,769	75,697	-448,597	-328,109	-9,667	35,395	2,104,665	397,374
Accruals and Deferred Income	-30,467	-111,931	196,755	-49,929	-378,541	407,566	266,409	0	0	0	0	0	-779,780	779,780
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	306,200	4,974	159,986	224,882	-274,789	398,499	-735,072	201,819	-228,708	-171,264	311,418	127,977	1,819,594	-2,801,508
Investing Activities
capital expenditure	-5,976	-63,618	-537	-71,125	-8,509	-119,928	-2,742	-46,832	-2,926	-42,447	-2,513	-32,099	-28,193	-474,052
Change in Investments	0	-10,000	-1,000	0	-107,587	108,587	0	0	0	0	0	0	0	267,518
cash flow from investments	-5,976	-53,618	463	-71,125	99,078	-228,515	-2,742	-46,832	-2,926	-42,447	-2,513	-32,099	-28,193	-741,570
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	-75,409	75,409
Group/Directors Accounts	-159,805	-281,040	-273,588	-1,771,879	-145,596	1,968,332	707,798	0	0	0	0	0	-927,238	927,238
Other Short Term Loans	3,499	188,915	-149,621	80,314	306,450	0	0	0	0	0	0	0	0	0
Long term loans	-105,499	163,291	189,583	28,500	-37,500	-1,824,506	449,110	0	0	1,755,396	0	0	-2,255,132	2,255,132
Hire Purchase and Lease Commitments	-11,059	43,505	-24,892	9,764	-12,433	-1,484	39,545	0	0	0	0	0	-36,560	36,560
other long term liabilities	0	0	0	0	0	0	-575,300	-46,710	344,916	-1,488,302	-329,710	-94,167	2,189,273	0
share issue	0	0	0	0	0	1,755,396	0	0	0	0	0	0	0	1,054,196
interest	-113,912	-64,899	-50,774	-43,960	-25,385	-89,563	-131,531	-114,082	-114,066	-57,004	107	154	-94,562	-53,897
cash flow from financing	-386,776	49,772	-309,292	-1,697,261	85,536	1,808,175	489,622	-160,792	230,850	210,090	-329,603	-94,013	-1,199,628	4,294,638
cash and cash equivalents
cash	-15,727	7,720	-137,031	-1,543,504	-100,174	1,788,958	1,008	-5,805	-783	-3,621	-20,698	1,865	8,800	21,090
overdraft	70,826	6,592	11,812	0	-10,000	-189,200	249,200	0	0	0	0	0	-582,973	582,973
change in cash	-86,553	1,128	-148,843	-1,543,504	-90,174	1,978,158	-248,192	-5,805	-783	-3,621	-20,698	1,865	591,773	-561,883

P&L

December 2022

turnover

6.6m

-22%

operating profit

154.4k

gross margin

30.6%

-16.04%

turnover

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

Balance Sheet

December 2022

net assets

3.4m

+0.01%

total assets

5.6m

-0.02%

cash

2.1k

-0.88%

net assets

Total assets minus all liabilities

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company number

04882353

Type

Private limited with Share Capital

industry

26600 - Manufacture of irradiation, electromedical and electrotherapeutic equipment

incorporation date

August 2003

age

accounts

Small Company

ultimate parent company

ADL HOLDINGS LIMITED

previous names

promedics adl limited (February 2009)

promedics limited (April 2008)

incorporated

address

bridge mill, moorgate street, blackburn, lancashire, BB2 4PB

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 12 charges/mortgages relating to able2 uk limited. Currently there are 6 open charges and 6 have been satisfied in the past.

able2 uk limited Company Information

able2 uk limited Estimated Valuation

able2 uk limited Estimated Valuation

able2 uk limited Estimated Valuation

Able2 Uk Limited AI Business Plan

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ABLE2 UK LIMITED financials

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able2 uk limited Charges & Mortgages

able2 uk limited Companies House Filings - See Documents