easy cleaning solutions limited

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easy cleaning solutions limited Company Information

Share EASY CLEANING SOLUTIONS LIMITED

Company Number

00487516

Shareholders

easy newco limited

Group Structure

View All

Industry

Manufacture of soap and detergents

 

Registered Address

easy cleaning brunel way, thetford, norfolk, IP24 1HF

Website

-

easy cleaning solutions limited Estimated Valuation

£68.1m

Pomanda estimates the enterprise value of EASY CLEANING SOLUTIONS LIMITED at £68.1m based on a Turnover of £64m and 1.06x industry multiple (adjusted for size and gross margin).

easy cleaning solutions limited Estimated Valuation

£50.9m

Pomanda estimates the enterprise value of EASY CLEANING SOLUTIONS LIMITED at £50.9m based on an EBITDA of £7.6m and a 6.68x industry multiple (adjusted for size and gross margin).

easy cleaning solutions limited Estimated Valuation

£20.9m

Pomanda estimates the enterprise value of EASY CLEANING SOLUTIONS LIMITED at £20.9m based on Net Assets of £9.4m and 2.23x industry multiple (adjusted for liquidity).

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Easy Cleaning Solutions Limited Overview

Easy Cleaning Solutions Limited is a live company located in norfolk, IP24 1HF with a Companies House number of 00487516. It operates in the manufacture of soap and detergents sector, SIC Code 20411. Founded in October 1950, it's largest shareholder is easy newco limited with a 100% stake. Easy Cleaning Solutions Limited is a mature, large sized company, Pomanda has estimated its turnover at £64m with healthy growth in recent years.

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Easy Cleaning Solutions Limited Health Check

Pomanda's financial health check has awarded Easy Cleaning Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

8 Strong

positive_score

1 Regular

positive_score

3 Weak

size

Size

annual sales of £64m, make it larger than the average company (£30.8m)

£64m - Easy Cleaning Solutions Limited

£30.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.8%)

10% - Easy Cleaning Solutions Limited

6.8% - Industry AVG

production

Production

with a gross margin of 16.7%, this company has a higher cost of product (32.1%)

16.7% - Easy Cleaning Solutions Limited

32.1% - Industry AVG

profitability

Profitability

an operating margin of 10.7% make it more profitable than the average company (6.1%)

10.7% - Easy Cleaning Solutions Limited

6.1% - Industry AVG

employees

Employees

with 235 employees, this is above the industry average (102)

235 - Easy Cleaning Solutions Limited

102 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.5k, the company has a lower pay structure (£44k)

£31.5k - Easy Cleaning Solutions Limited

£44k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £272.4k, this is more efficient (£219.5k)

£272.4k - Easy Cleaning Solutions Limited

£219.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 71 days, this is near the average (61 days)

71 days - Easy Cleaning Solutions Limited

61 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 83 days, this is slower than average (60 days)

83 days - Easy Cleaning Solutions Limited

60 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 46 days, this is less than average (62 days)

46 days - Easy Cleaning Solutions Limited

62 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)

0 weeks - Easy Cleaning Solutions Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 61.6%, this is a higher level of debt than the average (54.1%)

61.6% - Easy Cleaning Solutions Limited

54.1% - Industry AVG

EASY CLEANING SOLUTIONS LIMITED financials

EXPORTms excel logo

Easy Cleaning Solutions Limited's latest turnover from March 2024 is £64 million and the company has net assets of £9.4 million. According to their latest financial statements, Easy Cleaning Solutions Limited has 235 employees and maintains cash reserves of £62 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Aug 2010Aug 2009
Turnover64,014,70956,016,23943,553,48048,515,05547,165,93148,474,89064,956,10855,715,02354,769,000114,674,000109,817,000143,526,000201,418,000160,609,0000
Other Income Or Grants000000000000000
Cost Of Sales53,349,25650,759,29840,805,99743,866,23940,666,36141,329,69255,504,48843,031,20542,973,000101,166,00098,494,000121,492,000170,188,000133,723,0000
Gross Profit10,665,4535,256,9412,747,4834,648,8166,499,5707,145,1989,451,62012,683,81811,796,00013,508,00011,323,00022,034,00031,230,00026,886,0000
Admin Expenses3,804,9602,601,9612,093,2773,330,0595,304,8095,986,48410,772,80515,049,76413,770,00020,920,00010,537,00020,444,00055,162,00021,843,00019,550,437
Operating Profit6,860,4932,654,980654,2061,318,7571,194,7611,158,714-1,321,185-2,365,946-1,974,000-7,412,000786,0001,590,000-23,932,0005,043,000-19,550,437
Interest Payable767,498745,165664,542574,119391,548239,9202,893,3554,169,3164,073,0003,704,000686,000737,0001,097,0002,606,0001,108,000
Interest Receivable0000000150,7952,357,0002,195,0001,494,000087,0001,313,000146,000
Pre-Tax Profit6,092,9951,909,815-10,336744,638541,459503,6066,363,134-6,366,375-4,187,000-9,472,000-2,241,000-5,643,000-25,939,0003,549,000-19,732,000
Tax000000000000-8,000-30,0000
Profit After Tax6,092,9951,909,815-10,336744,638541,459503,6066,363,134-6,366,375-4,187,000-9,472,000-2,241,000-5,643,000-25,947,0003,519,000-19,732,000
Dividends Paid000000000000000
Retained Profit6,092,9951,909,815-10,336744,638541,459503,6066,363,134-6,366,375-4,187,000-9,472,000-2,241,000-5,643,000-25,947,0003,519,000-19,732,000
Employee Costs7,404,4577,111,0216,499,4176,802,5806,571,3956,815,2009,232,21210,018,0009,163,0009,662,00017,570,00019,881,00025,531,00016,501,00022,118,000
Number Of Employees235268261252260274253306310314366448742699669
EBITDA*7,616,0663,322,2421,229,5022,071,3471,855,5801,707,717172,807-948,976-38,000-4,994,0002,773,0004,717,000-19,806,0007,585,000-15,804,437

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Aug 2010Aug 2009
Tangible Assets4,207,0394,238,4014,596,2814,807,7514,857,2744,693,6184,375,2604,939,5805,391,0005,229,0007,786,0009,625,00012,875,00011,724,00010,747,000
Intangible Assets325,128354,702389,665381,215445,274361,872368,726486,868726,000877,000283,000579,000770,000226,00067,000
Investments & Other0000000003,0003,0003,0003,0003,0003,000
Debtors (Due After 1 year)200,000200,0000000000000018,090,0008,502,000
Total Fixed Assets4,732,1674,793,1034,985,9465,188,9665,302,5485,055,4904,743,9865,426,4486,117,0006,109,0008,072,00010,207,00013,648,00030,043,00019,319,000
Stock & work in progress6,815,5737,029,5927,319,6155,779,8525,013,9204,581,6624,724,9536,937,1124,681,0004,965,0007,712,00011,035,00011,299,00013,518,00013,168,000
Trade Debtors12,511,49112,566,2429,991,6448,667,85410,690,4849,693,1668,183,4767,851,1817,440,00015,547,00018,095,00016,374,00024,019,00030,006,00023,086,000
Group Debtors0000094,06271,29211,292,48216,849,00028,235,00028,707,00013,027,00010,385,0004,665,0005,234,000
Misc Debtors234,799615,055781,909727,000564,604588,688588,0301,183,4391,337,0001,532,0001,564,0001,771,0002,106,0001,896,0002,692,000
Cash62,0321,250,127599,090769,72592,7313,07796,5314,974,47202,846,0001,585,000834,0001,261,000203,0002,892,000
misc current assets000000000000000
total current assets19,623,89521,461,01618,692,25815,944,43116,361,73914,960,65513,664,28232,238,68630,307,00053,125,00057,663,00043,041,00049,070,00050,288,00047,072,000
total assets24,356,06226,254,11923,678,20421,133,39721,664,28720,016,14518,408,26837,665,13436,424,00059,234,00065,735,00053,248,00062,718,00080,331,00066,391,000
Bank overdraft346,1289,739,95010,634,997010,161,1068,744,4127,010,6346,264,7457,085,0009,596,00010,653,000017,753,00014,921,0005,809,000
Bank loan0226,66700000000010,083,000000
Trade Creditors 12,218,92511,213,64810,087,3518,823,2769,570,7199,790,0448,784,14010,559,5849,303,00020,414,00019,828,00019,701,00025,974,00026,532,00024,432,000
Group/Directors Accounts156,052574,614836,552622,541000035,245,00037,586,00032,156,00017,912,00011,884,0005,416,0004,684,000
other short term finances0008,739,88600000000000
hp & lease commitments1,0340024,507127,041132,947112,225143,25982,000163,000163,000115,000532,000359,00075,000
other current liabilities2,204,2341,238,205541,4181,108,2981,163,923945,3151,326,45725,604,1242,407,0003,543,0005,248,0004,434,0004,404,0005,013,0004,897,000
total current liabilities14,926,37322,993,08422,100,31819,318,50821,022,78919,612,71817,233,45642,571,71254,122,00071,302,00068,048,00052,245,00060,547,00052,241,00039,897,000
loans00226,666453,33349,160302,982300,58400000000
hp & lease commitments75,65900024,580151,491150,292300,036133,0000163,000350,000456,000695,000157,000
Accruals and Deferred Income00000000000001,037,0000
other liabilities000000000000000
provisions00000352,9542,905,3341,584,6672,045,0004,083,0004,770,0005,955,0001,572,000718,0000
total long term liabilities75,6590226,666453,33324,580327,9681,602,9591,884,70313,476,00019,242,00017,637,00018,534,00011,498,00012,840,000157,000
total liabilities15,002,03222,993,08422,326,98419,771,84121,047,36919,940,68618,836,41544,456,41567,598,00090,544,00085,685,00070,779,00072,045,00065,081,00040,054,000
net assets9,354,0303,261,0351,351,2201,361,556616,91875,459-428,147-6,791,281-31,174,000-31,310,000-19,950,000-17,531,000-9,327,00015,250,00026,337,000
total shareholders funds9,354,0303,261,0351,351,2201,361,556616,91875,459-428,147-6,791,281-31,174,000-31,310,000-19,950,000-17,531,000-9,327,00015,250,00026,337,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Aug 2010Aug 2009
Operating Activities
Operating Profit6,860,4932,654,980654,2061,318,7571,194,7611,158,714-1,321,185-2,365,946-1,974,000-7,412,000786,0001,590,000-23,932,0005,043,000-19,550,437
Depreciation700,122630,014550,459649,325600,325505,0031,264,9671,159,8461,649,0002,202,0001,691,0002,895,0003,786,0002,499,0003,692,000
Amortisation55,45137,24824,837103,26560,49444,000229,025257,124287,000216,000296,000232,000340,00043,00054,000
Tax000000000000-8,000-30,0000
Stock-214,019-290,0231,539,763765,932432,258-143,2914,724,9532,256,112-284,000-2,747,000-3,323,000-264,000-2,219,000350,00013,168,000
Debtors-435,0072,607,7441,378,699-1,860,234879,1721,533,1188,842,798-5,298,898-19,688,000-3,052,00017,194,000-5,338,000-18,147,00015,143,00039,514,000
Creditors1,005,2771,126,2971,264,075-747,443-219,3251,005,9048,784,1401,256,584-11,111,000586,000127,000-6,273,000-558,0002,100,00024,432,000
Accruals and Deferred Income966,029696,787-566,880-55,625218,608-381,1421,326,45723,197,124-1,136,000-1,705,000814,00030,000-1,646,0001,153,0004,897,000
Deferred Taxes & Provisions0000-352,954-2,552,3802,905,334-460,333-2,038,000-687,000-1,185,0004,383,000854,000718,0000
Cash flow from operations10,236,3982,827,605-991,7652,362,581190,479-1,609,728-379,01326,087,1855,649,000-1,001,000-11,342,0008,459,000-798,000-3,967,000-39,157,437
Investing Activities
capital expenditure-694,637-274,41900-907,877-860,507-6,237,978-781,226-1,947,000-455,000148,000314,000-5,821,000-3,678,000-14,560,000
Change in Investments00000000-3,000000003,000
cash flow from investments-694,637-274,41900-907,877-860,507-6,237,978-781,226-1,944,000-455,000148,000314,000-5,821,000-3,678,000-14,563,000
Financing Activities
Bank loans-226,667226,66700000000-10,083,00010,083,000000
Group/Directors Accounts-418,562-261,938214,011622,541000-35,245,000-2,341,0005,430,00014,244,0006,028,0006,468,000732,0004,684,000
Other Short Term Loans 00-8,739,8868,739,88600000000000
Long term loans0-226,666-226,667404,173-253,8222,398300,58400000000
Hire Purchase and Lease Commitments76,6930-24,507-127,114-132,81721,921262,517228,29552,000-163,000-139,000-523,000-66,000822,000232,000
other long term liabilities000000000000000
share issue000000-6,791,28130,749,0944,323,000-1,888,000-178,000-2,561,0001,370,000-14,606,00046,069,000
interest-767,498-745,165-664,542-574,119-391,548-239,920-2,893,355-4,018,521-1,716,000-1,509,000808,000-737,000-1,010,000-1,293,000-962,000
cash flow from financing-1,336,034-1,007,102-9,441,5919,065,367-778,187-215,601-9,121,535-8,286,132318,0001,870,0004,652,00012,290,0006,762,000-14,345,00050,023,000
cash and cash equivalents
cash-1,188,095651,037-170,635676,99489,654-93,45496,5314,974,472-2,846,0001,261,000751,000-427,0001,058,000-2,689,0002,892,000
overdraft-9,393,822-895,04710,634,997-10,161,1061,416,6941,733,7787,010,634-820,255-2,511,000-1,057,00010,653,000-17,753,0002,832,0009,112,0005,809,000
change in cash8,205,7271,546,084-10,805,63210,838,100-1,327,040-1,827,232-6,914,1035,794,727-335,0002,318,000-9,902,00017,326,000-1,774,000-11,801,000-2,917,000

easy cleaning solutions limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Easy Cleaning Solutions Limited Competitor Analysis

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Perform a competitor analysis for easy cleaning solutions limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in IP24 area or any other competitors across 12 key performance metrics.

easy cleaning solutions limited Ownership

EASY CLEANING SOLUTIONS LIMITED group structure

Easy Cleaning Solutions Limited has no subsidiary companies.

Ultimate parent company

1 parent

EASY CLEANING SOLUTIONS LIMITED

00487516

EASY CLEANING SOLUTIONS LIMITED Shareholders

easy newco limited 100%

easy cleaning solutions limited directors

Easy Cleaning Solutions Limited currently has 4 directors. The longest serving directors include Mr Gregor Miller (Dec 1996) and Mr Andrew Simpson (Jun 2014).

officercountryagestartendrole
Mr Gregor Miller61 years Dec 1996- Director
Mr Andrew SimpsonEngland60 years Jun 2014- Director
Mr David PearceEngland58 years Feb 2016- Director
Mr Darren MosleyUnited Kingdom58 years Aug 2017- Director

P&L

March 2024

turnover

64m

+14%

operating profit

6.9m

+158%

gross margin

16.7%

+77.53%

turnover

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

Balance Sheet

March 2024

net assets

9.4m

+1.87%

total assets

24.4m

-0.07%

cash

62k

-0.95%

net assets

Total assets minus all liabilities

easy cleaning solutions limited company details

company number

00487516

Type

Private limited with Share Capital

industry

20411 - Manufacture of soap and detergents

incorporation date

October 1950

age

75

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

jeyes limited (June 2017)

middleton plastics limited (December 1978)

accountant

-

auditor

KING & KING

address

easy cleaning brunel way, thetford, norfolk, IP24 1HF

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

easy cleaning solutions 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 13 charges/mortgages relating to easy cleaning solutions limited. Currently there are 6 open charges and 7 have been satisfied in the past.

easy cleaning solutions 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.

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easy cleaning solutions limited Companies House Filings - See Documents

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