advante limited
advante limited Company Information
Company Number
00653012
Next Accounts
Sep 2025
Shareholders
algeco uk holdings limited
Group Structure
View All
Industry
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Registered Address
10/11 argent court, sylvan way southfields business, basildon, essex, SS15 6TH
Website
www.advante.co.ukadvante limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANTE LIMITED at £14.2m based on a Turnover of £15.5m and 0.91x industry multiple (adjusted for size and gross margin).
advante limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANTE LIMITED at £22.4m based on an EBITDA of £5.6m and a 3.98x industry multiple (adjusted for size and gross margin).
advante limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANTE LIMITED at £41.4m based on Net Assets of £18.1m and 2.29x industry multiple (adjusted for liquidity).
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Advante Limited Overview
Advante Limited is a live company located in basildon, SS15 6TH with a Companies House number of 00653012. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in March 1960, it's largest shareholder is algeco uk holdings limited with a 100% stake. Advante Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.5m with healthy growth in recent years.
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Advante Limited Health Check
Pomanda's financial health check has awarded Advante Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
4 Regular
1 Weak
Size
annual sales of £15.5m, make it larger than the average company (£9.6m)
£15.5m - Advante Limited
£9.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (7%)
12% - Advante Limited
7% - Industry AVG
Production
with a gross margin of 46.1%, this company has a comparable cost of product (48.1%)
46.1% - Advante Limited
48.1% - Industry AVG
Profitability
an operating margin of 24.1% make it more profitable than the average company (11.6%)
24.1% - Advante Limited
11.6% - Industry AVG
Employees
with 63 employees, this is above the industry average (39)
63 - Advante Limited
39 - Industry AVG
Pay Structure
on an average salary of £57.8k, the company has an equivalent pay structure (£48.2k)
£57.8k - Advante Limited
£48.2k - Industry AVG
Efficiency
resulting in sales per employee of £246.5k, this is equally as efficient (£225.3k)
£246.5k - Advante Limited
£225.3k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (57 days)
50 days - Advante Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (51 days)
32 days - Advante Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (22 days)
15 days - Advante Limited
22 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is more cash available to meet short term requirements (6 weeks)
12 weeks - Advante Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 14.1%, this is a lower level of debt than the average (66.3%)
14.1% - Advante Limited
66.3% - Industry AVG
ADVANTE LIMITED financials
Advante Limited's latest turnover from December 2023 is £15.5 million and the company has net assets of £18.1 million. According to their latest financial statements, Advante Limited has 63 employees and maintains cash reserves of £735.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 15,529,638 | 13,369,531 | 16,987,700 | 11,040,670 | 10,041,656 | 11,638,082 | 11,909,209 | 11,843,495 | 11,112,385 | 10,738,289 | 8,547,144 | 7,268,973 | 6,932,614 | 6,297,535 | 5,041,617 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 8,374,113 | 7,432,307 | 9,300,915 | 7,020,693 | 6,853,264 | 8,076,543 | 8,102,267 | 7,617,628 | 7,412,521 | 7,431,983 | 6,310,023 | 5,315,465 | 5,258,664 | 5,055,314 | 4,058,925 |
| Gross Profit | 7,155,525 | 5,937,224 | 7,686,785 | 4,019,977 | 3,188,392 | 3,561,539 | 3,806,942 | 4,225,867 | 3,699,864 | 3,306,306 | 2,237,121 | 1,953,508 | 1,673,950 | 1,242,221 | 982,692 |
| Admin Expenses | 3,416,570 | 2,956,703 | 2,960,962 | 1,574,179 | 1,606,266 | 1,334,685 | 1,600,595 | 1,393,789 | 1,248,268 | 1,176,368 | 1,113,891 | 1,073,099 | 1,053,278 | 954,295 | 940,679 |
| Operating Profit | 3,738,955 | 2,980,521 | 4,725,823 | 2,445,798 | 1,582,126 | 2,226,854 | 2,206,347 | 2,832,078 | 2,451,596 | 2,129,938 | 1,123,230 | 880,409 | 620,672 | 287,926 | 42,013 |
| Interest Payable | 64,500 | 76,033 | 72,277 | 73,500 | 76,500 | ||||||||||
| Interest Receivable | 312,872 | 204,122 | 36,500 | 68,500 | 50,500 | 46,000 | 58,000 | ||||||||
| Pre-Tax Profit | 4,051,827 | 3,184,643 | 4,011,763 | -4,549,531 | 1,582,126 | 2,226,854 | 2,206,347 | 2,175,189 | 2,449,096 | 2,129,938 | 1,095,230 | 852,409 | 594,672 | 260,426 | 23,513 |
| Tax | 4,225 | -117,669 | -298,707 | -158,981 | -304,079 | -228,535 | -453,829 | -552,235 | -480,895 | -435,152 | -230,416 | -187,294 | -121,273 | -95,350 | 36,591 |
| Profit After Tax | 4,056,052 | 3,066,974 | 3,713,056 | -4,708,512 | 1,278,047 | 1,998,319 | 1,752,518 | 1,622,954 | 1,968,201 | 1,694,786 | 864,814 | 665,115 | 473,399 | 165,076 | 60,104 |
| Dividends Paid | 639,024 | 466,000 | 608,000 | 920,000 | 1,055,000 | 1,075,000 | 442,393 | 85,000 | 154,000 | 35,000 | |||||
| Retained Profit | 4,056,052 | 3,066,974 | 3,713,056 | -4,708,512 | 639,023 | 1,532,319 | 1,144,518 | 702,954 | 913,201 | 619,786 | 422,421 | 580,115 | 319,399 | 165,076 | 25,104 |
| Employee Costs | 3,641,043 | 3,003,503 | 3,486,672 | 2,347,512 | 2,079,265 | 2,074,731 | 1,810,292 | 1,697,135 | 1,746,228 | 1,704,187 | 1,554,822 | 1,461,882 | 1,364,382 | 1,205,722 | 1,163,829 |
| Number Of Employees | 63 | 58 | 51 | 52 | 53 | 49 | 46 | 47 | 51 | 45 | 42 | 41 | 37 | 34 | 34 |
| EBITDA* | 5,636,659 | 4,776,807 | 6,511,451 | 3,871,109 | 2,984,669 | 3,841,176 | 3,862,794 | 4,573,590 | 3,977,852 | 3,105,418 | 2,650,383 | 2,332,629 | 1,608,703 | 1,400,919 | 1,215,121 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,399,998 | 8,997,900 | 6,492,023 | 4,095,453 | 4,431,305 | 4,807,135 | 5,292,060 | 5,898,316 | 5,719,288 | 5,530,564 | 4,436,363 | 4,581,917 | 4,577,507 | 6,474,429 | 7,413,348 |
| Intangible Assets | 32,867 | 28,412 | 19,780 | 21,262 | 14,864 | 13,316 | 11,938 | 8,271 | 3,174 | 479 | 2,153 | 3,199 | 1,822 | 15,184 | 20,523 |
| Investments & Other | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Debtors (Due After 1 year) | 8,316,868 | 3,605,427 | |||||||||||||
| Total Fixed Assets | 16,749,733 | 12,631,739 | 6,511,803 | 4,116,716 | 4,446,170 | 4,820,452 | 5,303,999 | 5,906,588 | 5,722,463 | 5,531,044 | 4,438,517 | 4,585,117 | 4,579,330 | 6,489,614 | 7,433,872 |
| Stock & work in progress | 358,860 | 279,201 | 223,078 | 175,111 | 211,745 | 263,917 | 261,486 | 285,248 | 332,270 | 258,449 | 196,601 | 196,131 | 155,515 | 118,175 | 101,528 |
| Trade Debtors | 2,150,594 | 1,965,783 | 2,076,200 | 2,489,955 | 1,889,915 | 2,447,737 | 2,305,260 | 2,260,851 | 1,786,076 | 2,270,439 | 1,780,026 | 1,410,618 | 1,256,686 | 1,109,005 | 994,195 |
| Group Debtors | 824,529 | 877,399 | 3,620,960 | 6,442,139 | 5,338,651 | 3,202,157 | 2,266,019 | 3,819,639 | 3,247,529 | 3,088,790 | 1,395,144 | 1,392,251 | 507,279 | 1,275,453 | |
| Misc Debtors | 267,706 | 188,068 | 356,814 | 532,670 | 720,292 | 499,547 | 428,440 | 468,413 | 173,086 | 167,694 | 160,161 | 159,683 | 180,940 | 153,506 | 111,598 |
| Cash | 735,652 | 1,241,908 | 864,318 | 3,568,106 | 3,238,043 | 3,164,136 | 4,070,067 | 4,870,508 | 4,281,296 | 2,919,148 | 1,718,821 | 2,649,110 | 2,043,944 | 2,616,647 | 1,591,647 |
| misc current assets | |||||||||||||||
| total current assets | 4,337,341 | 4,552,359 | 7,141,370 | 6,765,842 | 12,502,134 | 11,713,988 | 10,267,410 | 10,151,039 | 10,392,367 | 8,863,259 | 6,944,399 | 5,810,686 | 5,029,336 | 4,504,612 | 4,074,421 |
| total assets | 21,087,074 | 17,184,098 | 13,653,173 | 10,882,558 | 16,948,304 | 16,534,440 | 15,571,409 | 16,057,627 | 16,114,830 | 14,394,303 | 11,382,916 | 10,395,803 | 9,608,666 | 10,994,226 | 11,508,293 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 748,606 | 575,567 | 723,712 | 415,707 | 576,148 | 563,232 | 745,573 | 1,066,566 | 982,490 | 1,047,697 | 838,046 | 650,168 | 689,617 | 671,309 | 535,946 |
| Group/Directors Accounts | 403,968 | 687,899 | 873,381 | 539,794 | 510,958 | 422,498 | 382,013 | 312,969 | 318,554 | ||||||
| other short term finances | 127,796 | 127,796 | |||||||||||||
| hp & lease commitments | 655,741 | 757,570 | 948,153 | 1,165,539 | 1,194,412 | 1,115,614 | 797,857 | 509,267 | 547,945 | 650,202 | 1,020,570 | 1,131,993 | |||
| other current liabilities | 2,213,494 | 2,539,609 | 1,927,513 | 1,583,608 | 2,280,953 | 1,753,564 | 2,049,234 | 2,551,049 | 2,424,400 | 2,313,644 | 1,178,795 | 1,160,597 | 1,238,316 | 896,454 | 361,306 |
| total current liabilities | 2,962,100 | 3,115,176 | 2,651,225 | 2,655,056 | 4,018,639 | 3,952,848 | 3,960,346 | 4,812,027 | 5,395,885 | 4,698,992 | 3,037,066 | 2,781,208 | 2,960,148 | 3,029,098 | 2,475,595 |
| loans | 811,564 | 870,491 | |||||||||||||
| hp & lease commitments | 938,610 | 932,261 | 1,223,211 | 1,683,400 | 2,237,015 | 2,339,310 | 2,158,881 | 1,450,835 | 971,006 | 389,731 | 1,061,938 | 2,163,158 | |||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 101,601 | 138,541 | 193,045 | 253,741 | 178,912 | 317,907 | 505,220 | 662,458 | 738,457 | ||||||
| total long term liabilities | 938,610 | 932,261 | 1,223,211 | 1,785,001 | 2,564,056 | 2,763,355 | 2,465,422 | 1,688,747 | 1,324,413 | 980,951 | 2,662,460 | 3,938,106 | |||
| total liabilities | 2,962,100 | 3,115,176 | 2,651,225 | 3,593,666 | 4,950,900 | 5,176,059 | 5,745,347 | 7,376,083 | 8,159,240 | 7,164,414 | 4,725,813 | 4,105,621 | 3,941,099 | 5,691,558 | 6,413,701 |
| net assets | 18,124,974 | 14,068,922 | 11,001,948 | 7,288,892 | 11,997,404 | 11,358,381 | 9,826,062 | 8,681,544 | 7,955,590 | 7,229,889 | 6,657,103 | 6,290,182 | 5,667,567 | 5,302,668 | 5,094,592 |
| total shareholders funds | 18,124,974 | 14,068,922 | 11,001,948 | 7,288,892 | 11,997,404 | 11,358,381 | 9,826,062 | 8,681,544 | 7,955,590 | 7,229,889 | 6,657,103 | 6,290,182 | 5,667,567 | 5,302,668 | 5,094,592 |
| Dec 2023 | Dec 2022 | Dec 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 3,738,955 | 2,980,521 | 4,725,823 | 2,445,798 | 1,582,126 | 2,226,854 | 2,206,347 | 2,832,078 | 2,451,596 | 2,129,938 | 1,123,230 | 880,409 | 620,672 | 287,926 | 42,013 |
| Depreciation | 1,896,057 | 1,795,107 | 1,782,146 | 1,423,081 | 1,401,744 | 1,613,499 | 1,655,796 | 1,741,081 | 1,526,034 | 972,925 | 1,523,727 | 1,451,846 | 972,816 | 1,107,654 | 1,167,769 |
| Amortisation | 1,647 | 1,179 | 3,482 | 2,230 | 799 | 823 | 651 | 431 | 222 | 2,555 | 3,426 | 374 | 15,215 | 5,339 | 5,339 |
| Tax | 4,225 | -117,669 | -298,707 | -158,981 | -304,079 | -228,535 | -453,829 | -552,235 | -480,895 | -435,152 | -230,416 | -187,294 | -121,273 | -95,350 | 36,591 |
| Stock | 79,659 | 56,123 | 47,967 | -36,634 | -52,172 | 2,431 | -23,762 | -47,022 | 73,821 | 61,848 | 470 | 40,616 | 37,340 | 16,647 | 101,528 |
| Debtors | 4,923,020 | 582,703 | 3,031,349 | -6,029,721 | 766,411 | 2,350,078 | 940,574 | -783,518 | 93,139 | 656,685 | 2,063,532 | 135,568 | 1,060,087 | -611,456 | 2,381,246 |
| Creditors | 173,039 | -148,145 | 308,005 | -160,441 | 12,916 | -182,341 | -320,993 | 84,076 | -65,207 | 209,651 | 187,878 | -39,449 | 18,308 | 135,363 | 535,946 |
| Accruals and Deferred Income | -326,115 | 612,096 | 343,905 | -697,345 | 527,389 | -295,670 | -501,815 | 126,649 | 110,756 | 1,134,849 | 18,198 | -77,719 | 341,862 | 535,148 | 361,306 |
| Deferred Taxes & Provisions | -101,601 | -36,940 | -54,504 | -60,696 | 74,829 | -138,995 | -187,313 | -157,238 | -75,999 | 738,457 | |||||
| Cash flow from operations | 485,129 | 4,484,263 | 3,785,338 | 8,920,697 | 2,506,656 | 680,520 | 1,632,405 | 5,008,116 | 3,314,850 | 3,371,062 | 423,046 | 1,664,670 | 592,935 | 2,494,890 | 404,647 |
| Investing Activities | |||||||||||||||
| capital expenditure | -1,448,876 | 925,098 | -200,816 | -273,993 | |||||||||||
| Change in Investments | -1 | 1 | |||||||||||||
| cash flow from investments | 1 | -1,448,876 | 925,098 | -200,816 | -273,994 | ||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -403,968 | -283,931 | 687,899 | -873,381 | 333,587 | 28,836 | 88,460 | 40,485 | 69,044 | -5,585 | 318,554 | ||||
| Other Short Term Loans | -127,796 | 127,796 | |||||||||||||
| Long term loans | -811,564 | -58,927 | 870,491 | ||||||||||||
| Hire Purchase and Lease Commitments | -1,594,351 | -95,480 | -481,533 | -677,575 | -582,488 | -23,497 | 498,186 | 996,636 | 441,151 | 479,018 | -1,042,575 | -1,212,643 | 3,295,151 | ||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 312,872 | 204,122 | -28,000 | -7,533 | -21,777 | -27,500 | -18,500 | ||||||||
| cash flow from financing | 312,872 | 204,122 | -1,594,351 | -499,448 | -765,464 | 10,324 | -582,488 | -873,878 | 644,273 | 978,472 | 446,111 | 554,470 | -1,889,168 | -1,261,655 | 9,662,980 |
| cash and cash equivalents | |||||||||||||||
| cash | -506,256 | 377,590 | -2,703,788 | 330,063 | 73,907 | -905,931 | -800,441 | 589,212 | 1,362,148 | 1,200,327 | -930,289 | 605,166 | -572,703 | 1,025,000 | 1,591,647 |
| overdraft | |||||||||||||||
| change in cash | -506,256 | 377,590 | -2,703,788 | 330,063 | 73,907 | -905,931 | -800,441 | 589,212 | 1,362,148 | 1,200,327 | -930,289 | 605,166 | -572,703 | 1,025,000 | 1,591,647 |
advante limited Credit Report and Business Information
Advante Limited Competitor Analysis
Perform a competitor analysis for advante limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in SS15 area or any other competitors across 12 key performance metrics.
advante limited Ownership
ADVANTE LIMITED group structure
Advante Limited has no subsidiary companies.
Ultimate parent company
2 parents
ADVANTE LIMITED
00653012
advante limited directors
Advante Limited currently has 3 directors. The longest serving directors include Mr Francis Chapman (Dec 1990) and Mrs Wilhelmina Messenger (Oct 1998).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Francis Chapman | United Kingdom | 74 years | Dec 1990 | - | Director |
| Mrs Wilhelmina Messenger | United Kingdom | 56 years | Oct 1998 | - | Director |
| Mr James Odom | England | 39 years | Oct 2022 | - | Director |
P&L
December 2023turnover
15.5m
+16%
operating profit
3.7m
+25%
gross margin
46.1%
+3.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
18.1m
+0.29%
total assets
21.1m
+0.23%
cash
735.7k
-0.41%
net assets
Total assets minus all liabilities
advante limited company details
company number
00653012
Type
Private limited with Share Capital
industry
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
incorporation date
March 1960
age
65
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
wiggins plant limited (October 1999)
c.s.wiggins & sons(plant)limited (October 1982)
accountant
-
auditor
WRIGHT VIGAR LIMITED
address
10/11 argent court, sylvan way southfields business, basildon, essex, SS15 6TH
Bank
BARCLAYS BANK PLC
Legal Advisor
-
advante 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 12 charges/mortgages relating to advante limited. Currently there are 0 open charges and 12 have been satisfied in the past.
advante 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 ADVANTE LIMITED. This can take several minutes, an email will notify you when this has completed.
advante limited Companies House Filings - See Documents
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