bishop & sons' depositories limited
bishop & sons' depositories limited Company Information
Company Number
00226302
Next Accounts
Feb 2025
Shareholders
peter william bishop
grant hamilton bishop
View AllGroup Structure
View All
Industry
Removal services
Registered Address
45 gresham street, london, EC2V 7BG
Website
www.bishopsmove.combishop & sons' depositories limited Estimated Valuation
Pomanda estimates the enterprise value of BISHOP & SONS' DEPOSITORIES LIMITED at £11.9m based on a Turnover of £16.4m and 0.72x industry multiple (adjusted for size and gross margin).
bishop & sons' depositories limited Estimated Valuation
Pomanda estimates the enterprise value of BISHOP & SONS' DEPOSITORIES LIMITED at £851.8k based on an EBITDA of £142.8k and a 5.97x industry multiple (adjusted for size and gross margin).
bishop & sons' depositories limited Estimated Valuation
Pomanda estimates the enterprise value of BISHOP & SONS' DEPOSITORIES LIMITED at £0 based on Net Assets of £-1.2m and 2.29x industry multiple (adjusted for liquidity).
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Bishop & Sons' Depositories Limited Overview
Bishop & Sons' Depositories Limited is a dissolved company that was located in london, EC2V 7BG with a Companies House number of 00226302. It operated in the removal services sector, SIC Code 49420. Founded in December 1927, it's largest shareholder was peter william bishop with a 28.8% stake. The last turnover for Bishop & Sons' Depositories Limited was estimated at £16.4m.
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Bishop & Sons' Depositories Limited Health Check
Pomanda's financial health check has awarded Bishop & Sons' Depositories Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £16.4m, make it larger than the average company (£1m)
£16.4m - Bishop & Sons' Depositories Limited
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a similar rate (2.5%)
2% - Bishop & Sons' Depositories Limited
2.5% - Industry AVG
Production
with a gross margin of 30.1%, this company has a higher cost of product (37.9%)
30.1% - Bishop & Sons' Depositories Limited
37.9% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (4.3%)
-0.2% - Bishop & Sons' Depositories Limited
4.3% - Industry AVG
Employees
with 175 employees, this is above the industry average (41)
175 - Bishop & Sons' Depositories Limited
41 - Industry AVG
Pay Structure
on an average salary of £32.1k, the company has an equivalent pay structure (£30.7k)
£32.1k - Bishop & Sons' Depositories Limited
£30.7k - Industry AVG
Efficiency
resulting in sales per employee of £93.7k, this is more efficient (£74.1k)
£93.7k - Bishop & Sons' Depositories Limited
£74.1k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is near the average (31 days)
29 days - Bishop & Sons' Depositories Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 25 days, this is slower than average (21 days)
25 days - Bishop & Sons' Depositories Limited
21 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is in line with average (2 days)
2 days - Bishop & Sons' Depositories Limited
2 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (15 weeks)
25 weeks - Bishop & Sons' Depositories Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 119.5%, this is a higher level of debt than the average (61.4%)
119.5% - Bishop & Sons' Depositories Limited
61.4% - Industry AVG
BISHOP & SONS' DEPOSITORIES LIMITED financials
Bishop & Sons' Depositories Limited's latest turnover from December 2018 is £16.4 million and the company has net assets of -£1.2 million. According to their latest financial statements, Bishop & Sons' Depositories Limited has 175 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 16,388,787 | 16,432,692 | 15,030,044 | 15,429,389 | 16,079,145 | 16,093,612 | 16,283,413 | 16,891,945 | 14,794,162 | 14,798,605 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 11,450,581 | 11,584,555 | 10,504,761 | 11,348,212 | 11,515,523 | 11,298,751 | 11,484,855 | 12,119,681 | 10,309,515 | 10,672,545 |
| Gross Profit | 4,938,206 | 4,848,137 | 4,525,283 | 4,081,177 | 4,563,622 | 4,794,861 | 4,798,558 | 4,772,264 | 4,484,647 | 4,126,060 |
| Admin Expenses | 4,968,404 | 4,676,269 | 4,199,367 | 4,308,808 | 4,517,888 | 5,250,449 | 5,048,446 | 5,312,574 | 5,315,734 | 5,356,036 |
| Operating Profit | -30,198 | 171,868 | 325,916 | -227,631 | 45,734 | -455,588 | -249,888 | -540,310 | -831,087 | -1,229,976 |
| Interest Payable | 139,024 | 121,760 | 112,702 | 150,713 | 36,488 | 75,182 | 149,161 | 119,247 | 122,805 | 665,166 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 527,462 | |
| Pre-Tax Profit | -168,566 | 50,108 | 213,214 | -378,344 | 9,246 | -531,070 | 47,756 | -659,557 | -953,892 | -1,011,124 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,249 |
| Profit After Tax | -168,566 | 50,108 | 213,214 | -378,344 | 9,246 | -531,070 | 47,756 | -659,557 | -953,892 | -1,016,373 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -168,559 | 49,400 | 212,929 | -378,444 | 11,119 | -526,127 | 50,370 | -660,639 | -952,810 | -1,016,609 |
| Employee Costs | 5,608,846 | 5,201,301 | 5,571,477 | 5,835,383 | 5,551,722 | 5,627,999 | 5,703,104 | 5,868,415 | 5,781,078 | 5,955,654 |
| Number Of Employees | 175 | 169 | 184 | 192 | 186 | 194 | 212 | 222 | 216 | 223 |
| EBITDA* | 142,764 | 327,443 | 441,488 | -83,517 | 300,255 | -198,501 | 103,443 | -172,302 | -300,466 | -320,195 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,532,562 | 876,544 | 804,293 | 2,813,057 | 2,819,642 | 2,984,447 | 3,040,359 | 4,573,741 | 4,839,188 | 5,176,687 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,422 | 2,422 |
| Debtors (Due After 1 year) | 0 | 414,500 | 414,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,532,562 | 1,291,044 | 1,218,793 | 2,813,057 | 2,819,642 | 2,984,447 | 3,040,359 | 4,573,741 | 4,841,610 | 5,179,109 |
| Stock & work in progress | 83,823 | 72,930 | 71,592 | 73,175 | 72,278 | 64,386 | 62,091 | 67,867 | 85,026 | 83,549 |
| Trade Debtors | 1,335,934 | 1,269,500 | 1,154,645 | 1,359,069 | 1,109,813 | 1,113,638 | 1,141,518 | 1,314,328 | 1,541,945 | 1,444,140 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 1,137,056 | 1,132,721 | 834,115 | 909,143 | 720,711 | 807,203 | 751,299 | 635,930 | 782,885 |
| Cash | 1,597,624 | 2,374,843 | 2,578,458 | 961,017 | 1,609,423 | 2,092,652 | 2,565,269 | 1,373,921 | 1,592,454 | 2,101,566 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,666,054 | 4,854,329 | 4,937,416 | 3,227,376 | 3,700,657 | 3,991,387 | 4,576,081 | 3,507,415 | 3,855,355 | 4,412,140 |
| total assets | 6,198,616 | 6,145,373 | 6,156,209 | 6,040,433 | 6,520,299 | 6,975,834 | 7,616,440 | 8,081,156 | 8,696,965 | 9,591,249 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 809,138 | 931,926 | 877,316 | 780,330 | 982,696 | 1,088,611 | 1,128,504 | 1,208,244 | 965,412 | 756,708 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 597,562 | 503,173 | 533,071 | 542,071 | 538,192 | 597,723 | 647,616 | 698,179 | 772,384 | 852,770 |
| hp & lease commitments | 0 | 41,616 | 22,896 | 34,390 | 31,298 | 31,300 | 13,790 | 53,401 | 57,064 | 136,995 |
| other current liabilities | 0 | 1,474,602 | 1,380,569 | 1,491,079 | 1,205,122 | 1,235,906 | 1,220,290 | 1,459,735 | 1,372,318 | 1,174,764 |
| total current liabilities | 3,198,163 | 2,951,317 | 2,813,852 | 2,847,870 | 2,757,308 | 2,953,540 | 3,010,200 | 3,419,559 | 3,167,178 | 2,921,237 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 115,920 | 30,267 | 53,028 | 37,953 | 69,253 | 0 | 0 | 52,905 | 105,109 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 55,000 | 105,000 | 82,952 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,208,412 | 4,226,920 | 3,656,267 | 2,262,980 | 3,444,953 | 2,747,253 | 3,197,000 | 3,121,000 | 2,583,905 | 2,333,109 |
| total liabilities | 7,406,575 | 7,178,237 | 6,470,119 | 5,110,850 | 6,202,261 | 5,700,793 | 6,207,200 | 6,540,559 | 5,751,083 | 5,254,346 |
| net assets | -1,207,959 | -1,083,400 | -363,738 | 880,040 | 268,395 | 1,223,525 | 1,352,781 | 1,481,524 | 2,887,891 | 4,277,830 |
| total shareholders funds | -1,207,959 | -1,083,400 | -363,738 | 880,040 | 268,395 | 1,223,525 | 1,352,781 | 1,481,524 | 2,887,891 | 4,277,830 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -30,198 | 171,868 | 325,916 | -227,631 | 45,734 | -455,588 | -249,888 | -540,310 | -831,087 | -1,229,976 |
| Depreciation | 172,962 | 155,575 | 115,572 | 144,114 | 254,521 | 257,087 | 353,331 | 368,008 | 530,621 | 909,781 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,249 |
| Stock | 10,893 | 1,338 | -1,583 | 897 | 7,892 | 2,295 | -5,776 | -17,159 | 1,477 | 83,549 |
| Debtors | -1,485,122 | 119,190 | 508,682 | 174,228 | 184,607 | -114,372 | -116,906 | -112,248 | -49,150 | 2,227,025 |
| Creditors | -122,788 | 54,610 | 96,986 | -202,366 | -105,915 | -39,893 | -79,740 | 242,832 | 208,704 | 756,708 |
| Accruals and Deferred Income | -1,474,602 | 94,033 | -110,510 | 285,957 | -30,784 | 15,616 | -239,445 | 87,417 | 197,554 | 1,174,764 |
| Deferred Taxes & Provisions | -55,000 | -50,000 | 22,048 | 82,952 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 305,558 | -57,087 | -92,099 | -28,943 | -110,701 | -93,060 | 287,354 | 153,465 | -704,546 | |
| Investing Activities | ||||||||||
| capital expenditure | -228,355 | 2,574,512 | -75,190 | -80,998 | -190,592 | 1,630,381 | -80,753 | -201,953 | 2,340,176 | |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,422 | 0 | 2,422 |
| cash flow from investments | -228,355 | 2,574,512 | -75,190 | -80,998 | -190,592 | 1,630,381 | -78,331 | -201,953 | 2,337,754 | |
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 94,389 | -29,898 | -9,000 | 3,879 | -59,531 | -49,893 | -50,563 | -74,205 | -80,386 | 852,770 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -157,536 | 104,373 | -34,255 | 18,167 | -31,302 | 86,763 | -39,611 | -56,568 | -132,135 | 242,104 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -121,760 | -112,702 | -150,713 | -36,488 | -75,182 | -149,161 | -119,247 | -122,805 | -137,704 | |
| cash flow from financing | -816,347 | -1,612,664 | 861,422 | -1,093,570 | 358,559 | -418,448 | -995,748 | -772,455 | 6,251,609 | |
| cash and cash equivalents | ||||||||||
| cash | -777,219 | -203,615 | 1,617,441 | -648,406 | -483,229 | -472,617 | 1,191,348 | -218,533 | -509,112 | 2,101,566 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -777,219 | -203,615 | 1,617,441 | -648,406 | -483,229 | -472,617 | 1,191,348 | -218,533 | -509,112 | 2,101,566 |
bishop & sons' depositories limited Credit Report and Business Information
Bishop & Sons' Depositories Limited Competitor Analysis
Perform a competitor analysis for bishop & sons' depositories limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other undefined companies, companies in EC2V area or any other competitors across 12 key performance metrics.
bishop & sons' depositories limited Ownership
BISHOP & SONS' DEPOSITORIES LIMITED group structure
Bishop & Sons' Depositories Limited has 13 subsidiary companies.
Ultimate parent company
BISHOP & SONS' DEPOSITORIES LIMITED
00226302
13 subsidiaries
bishop & sons' depositories limited directors
Bishop & Sons' Depositories Limited currently has 8 directors. The longest serving directors include Mr Alistair Bingle (Jan 1997) and Mr Peter Bishop (Jan 1998).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alistair Bingle | England | 59 years | Jan 1997 | - | Director |
| Mr Peter Bishop | 58 years | Jan 1998 | - | Director | |
| Mr Kevin O'Sullivan | 62 years | May 2000 | - | Director | |
| Mr Christopher Marshall | 54 years | Sep 2001 | - | Director | |
| Mr Grant Bishop | 52 years | Jan 2005 | - | Director | |
| Mr Neil Bishop | 50 years | Jan 2007 | - | Director | |
| Mr Stuart Philp | England | 50 years | Jul 2018 | - | Director |
| Mr David Guiel | 57 years | Jul 2018 | - | Director |
P&L
December 2018turnover
16.4m
0%
operating profit
-30.2k
-118%
gross margin
30.2%
+2.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
-1.2m
+0.11%
total assets
6.2m
+0.01%
cash
1.6m
-0.33%
net assets
Total assets minus all liabilities
bishop & sons' depositories limited company details
company number
00226302
Type
Private limited with Share Capital
industry
49420 - Removal services
incorporation date
December 1927
age
98
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2018
previous names
N/A
accountant
-
auditor
MENZIES LLP
address
45 gresham street, london, EC2V 7BG
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
bishop & sons' depositories 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 21 charges/mortgages relating to bishop & sons' depositories limited. Currently there are 20 open charges and 1 have been satisfied in the past.
bishop & sons' depositories limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for BISHOP & SONS' DEPOSITORIES LIMITED. This can take several minutes, an email will notify you when this has completed.
bishop & sons' depositories limited Companies House Filings - See Documents
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