Pettex Limited

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pettex limited Company Information

Company Number

00695155

Next Accounts

Apr 2025

Directors

Keith Cornell

Steven Bolton

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Shareholders

pettex topco 2 limited

Group Structure

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Industry

Non-specialised wholesale trade

Registered Address

62/70 fowler road, hainault indust est, hainault, ilford essex, IG6 3UT

Website

www.pettex.co.uk

pettex limited Estimated Valuation

£8.7m

Pomanda estimates the enterprise value of PETTEX LIMITED at £8.7m based on Net Assets of £3.3m and 2.62x industry multiple (adjusted for liquidity).

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Pettex Limited is a live company located in hainault, IG6 3UT with a Companies House number of 00695155. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in June 1961, it's largest shareholder is pettex topco 2 limited with a 100% stake. Pettex Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.3m with low growth in recent years.

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Pomanda's financial health check has awarded Pettex Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

5 Regular

4 Weak

Size

annual sales of £8.3m, make it smaller than the average company (£15m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (6%)

EXPORT

Pettex Limited's latest turnover from July 2023 is estimated at £8.3 million and the company has net assets of £3.3 million. According to their latest financial statements, Pettex Limited has 32 employees and maintains cash reserves of £654.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	8,262,390	9,052,008	7,810,144	7,612,230	6,200,195	7,298,046	6,615,343	7,086,469	6,366,998	6,877,946	6,579,606	5,940,935	5,988,333	5,943,527
Other Income Or Grants
Cost Of Sales	6,006,357	6,537,119	5,698,836	5,535,864	4,508,888	5,321,854	4,791,115	5,036,308	4,573,711	4,959,504	4,718,107	4,256,864	4,301,745	4,246,739
Gross Profit	2,256,033	2,514,888	2,111,309	2,076,366	1,691,307	1,976,191	1,824,228	2,050,162	1,793,287	1,918,442	1,861,499	1,684,071	1,686,588	1,696,788
Admin Expenses	2,127,058	2,422,577	1,870,932	1,849,753	1,650,893	2,031,129	1,786,768	2,170,371	1,811,468	1,941,787	1,614,752	1,409,536	1,065,804	1,589,719	-2,857,350
Operating Profit	128,975	92,311	240,377	226,613	40,414	-54,938	37,460	-120,209	-18,181	-23,345	246,747	274,535	620,784	107,069	2,857,350
Interest Payable		600	3,259	7,408	12,325	15,794	18,832	10,700	2,219	6,041	9,109	5,287	5,597	12,248	6,650
Interest Receivable	22,719	3,691	405	437	3,346	2,088	1,114	3,385	3,672	3,277	3,164	2,953	3,151	2,472	730
Pre-Tax Profit	151,695	95,401	237,523	219,642	31,435	-68,644	19,742	-127,524	-16,728	-26,109	240,801	272,201	618,338	97,293	2,851,429
Tax	-37,924	-18,126	-45,129	-41,732	-5,973		-3,751				-55,384	-65,328	-160,768	-27,242	-798,400
Profit After Tax	113,771	77,275	192,394	177,910	25,462	-68,644	15,991	-127,524	-16,728	-26,109	185,417	206,873	457,570	70,051	2,053,029
Dividends Paid
Retained Profit	113,771	77,275	192,394	177,910	25,462	-68,644	15,991	-127,524	-16,728	-26,109	185,417	206,873	457,570	70,051	2,053,029
Employee Costs	1,365,668	1,432,955	1,325,955	1,303,279	1,109,512	1,044,917	1,161,269	1,093,102	732,594	793,010	747,023	712,355	708,290	740,694
Number Of Employees	32	35	35	35	30	29	33	32	22	24	23	22	22	24
EBITDA*	183,917	163,458	328,521	314,844	120,700	23,482	129,576	-45,271	44,109	40,147	307,237	343,817	699,637	176,851	2,936,435

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	1,251,614	1,306,227	1,374,439	1,378,024	1,356,410	1,370,900	1,425,347	1,471,389	1,426,333	1,440,763	1,436,027	1,490,842	1,376,815	1,340,307	1,395,835
Intangible Assets			2,935	5,860	8,785	11,710	14,635	17,560	20,485	23,410	26,335	29,260	32,185	35,110	38,035
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	1,251,614	1,306,227	1,377,374	1,383,884	1,365,195	1,382,610	1,439,982	1,488,949	1,446,818	1,464,173	1,462,362	1,520,102	1,409,000	1,375,417	1,433,870
Stock & work in progress	1,314,842	1,350,686	1,264,155	1,161,260	1,126,290	1,075,078	1,002,636	996,644	958,350	919,861	927,746	794,775	695,423	586,557	714,285
Trade Debtors	1,239,059	1,531,720	1,240,017	1,283,908	1,030,519	1,296,750	1,192,338	1,244,080	1,221,405	1,423,647	1,375,671	1,263,303	1,323,252	1,173,529	1,164,113
Group Debtors	263,935	263,935	263,935	263,935	263,935	263,935	263,935	263,935
Misc Debtors	36,536	39,215	40,804	44,813	34,102	33,500	33,581	31,749
Cash	654,216	254,558	335,927	474,352	399,875	492,316	342,691	548,417	805,656	663,016	647,961	617,512	563,653	696,744	291,878
misc current assets
total current assets	3,508,588	3,440,114	3,144,838	3,228,268	2,854,721	3,161,579	2,835,181	3,084,825	2,985,411	3,006,524	2,951,378	2,675,590	2,582,328	2,456,830	2,170,276
total assets	4,760,202	4,746,341	4,522,212	4,612,152	4,219,916	4,544,189	4,275,163	4,573,774	4,432,229	4,470,697	4,413,740	4,195,692	3,991,328	3,832,247	3,604,146
Bank overdraft						63,755	72,463	72,463
Bank loan			16,558	72,432	62,679
Trade Creditors	953,780	981,383	826,717	722,022	567,086	996,107	745,316	1,017,288	1,120,548	1,098,092	959,699	886,646	855,242	1,124,608	906,957
Group/Directors Accounts
other short term finances
hp & lease commitments								29,926
other current liabilities	425,641	487,972	466,667	779,687	650,173	510,902	340,957	262,135
total current liabilities	1,379,421	1,469,355	1,309,942	1,574,141	1,279,938	1,570,764	1,158,736	1,381,812	1,120,548	1,098,092	959,699	886,646	855,242	1,124,608	906,957
loans				17,855	89,920	148,829	200,921	256,766		68,280	117,606	162,678		172,227	204,628
hp & lease commitments							22,266	50,016
Accruals and Deferred Income
other liabilities									309,454	289,852	289,852	289,852	400,188	268,946	294,502
provisions	43,943	53,919	66,478	66,758	74,570	74,570	74,570	82,501	72,024	67,542	73,543	68,893	155,148	143,286	144,930
total long term liabilities	43,943	53,919	66,478	84,613	164,490	223,399	297,757	389,283	381,478	425,674	481,001	521,423	555,336	584,459	644,060
total liabilities	1,423,364	1,523,274	1,376,420	1,658,754	1,444,428	1,794,163	1,456,493	1,771,095	1,502,026	1,523,766	1,440,700	1,408,069	1,410,578	1,709,067	1,551,017
net assets	3,336,838	3,223,067	3,145,792	2,953,398	2,775,488	2,750,026	2,818,670	2,802,679	2,930,203	2,946,931	2,973,040	2,787,623	2,580,750	2,123,180	2,053,129
total shareholders funds	3,336,838	3,223,067	3,145,792	2,953,398	2,775,488	2,750,026	2,818,670	2,802,679	2,930,203	2,946,931	2,973,040	2,787,623	2,580,750	2,123,180	2,053,129

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	128,975	92,311	240,377	226,613	40,414	-54,938	37,460	-120,209	-18,181	-23,345	246,747	274,535	620,784	107,069	2,857,350
Depreciation	54,942	68,212	85,219	85,306	77,361	75,495	89,191	72,013	59,365	60,567	57,565	66,357	75,928	66,857	76,160
Amortisation		2,935	2,925	2,925	2,925	2,925	2,925	2,925	2,925	2,925	2,925	2,925	2,925	2,925	2,925
Tax	-37,924	-18,126	-45,129	-41,732	-5,973		-3,751				-55,384	-65,328	-160,768	-27,242	-798,400
Stock	-35,844	86,531	102,895	34,970	51,212	72,442	5,992	38,294	38,489	-7,885	132,971	99,352	108,866	-127,728	714,285
Debtors	-295,340	290,114	-47,900	264,100	-265,629	104,331	-49,910	318,359	-202,242	47,976	112,368	-59,949	149,723	9,416	1,164,113
Creditors	-27,603	154,666	104,695	154,936	-429,021	250,791	-271,972	-103,260	22,456	138,393	73,053	31,404	-269,366	217,651	906,957
Accruals and Deferred Income	-62,331	21,305	-313,020	129,514	139,271	169,945	78,822	262,135
Deferred Taxes & Provisions	-9,976	-12,559	-280	-7,812			-7,931	10,477	4,482	-6,001	4,650	-86,255	11,862	-1,644	144,930
Cash flow from operations	377,267	-67,901	19,792	250,680	39,394	267,445	-31,338	-232,572	234,800	132,448	84,217	184,235	22,776	483,928	1,311,524
Investing Activities
capital expenditure	-329		-81,634	-106,920	-62,871	-21,048	-43,149	-117,069	-44,935	-65,303	-2,750	-180,384	-112,436	-11,329	-1,512,955
Change in Investments
cash flow from investments	-329		-81,634	-106,920	-62,871	-21,048	-43,149	-117,069	-44,935	-65,303	-2,750	-180,384	-112,436	-11,329	-1,512,955
Financing Activities
Bank loans		-16,558	-55,874	9,753	62,679
Group/Directors Accounts
Other Short Term Loans
Long term loans			-17,855	-72,065	-58,909	-52,092	-55,845	256,766	-68,280	-49,326	-45,072	162,678	-172,227	-32,401	204,628
Hire Purchase and Lease Commitments						-22,266	-57,676	79,942
other long term liabilities								-309,454	19,602			-110,336	131,242	-25,556	294,502
share issue															100
interest	22,719	3,091	-2,854	-6,971	-8,979	-13,706	-17,718	-7,315	1,453	-2,764	-5,945	-2,334	-2,446	-9,776	-5,920
cash flow from financing	22,719	-13,467	-76,583	-69,283	-5,209	-88,064	-131,239	19,939	-47,225	-52,090	-51,017	50,008	-43,431	-67,733	493,310
cash and cash equivalents
cash	399,658	-81,369	-138,425	74,477	-92,441	149,625	-205,726	-257,239	142,640	15,055	30,449	53,859	-133,091	404,866	291,878
overdraft					-63,755	-8,708		72,463
change in cash	399,658	-81,369	-138,425	74,477	-28,686	158,333	-205,726	-329,702	142,640	15,055	30,449	53,859	-133,091	404,866	291,878

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PETTEX LIMITED group structure

Pettex Limited has no subsidiary companies.

Ultimate parent company

PETTEX TOPCO 2 LIMITED

15289932

1 parent

PETTEX LIMITED

00695155

PETTEX LIMITED Shareholders

pettex topco 2 limited

100%

Pettex Limited currently has 4 directors. The longest serving directors include Mr Keith Cornell (May 1997) and Mr Steven Bolton (May 1997).

officer	country	age	start	end	role
Mr Keith Cornell	United Kingdom	63 years	May 1997	-	Director
Mr Steven Bolton		64 years	May 1997	-	Director
Susan O'Brien	England	60 years	Dec 2005	-	Director
Mrs Tina Fisher	United Kingdom	63 years	Dec 2005	-	Director

P&L

July 2023

turnover

8.3m

-9%

operating profit

129k

gross margin

27.4%

-1.72%

turnover

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

Balance Sheet

July 2023

net assets

3.3m

+0.04%

total assets

4.8m

cash

654.2k

+1.57%

net assets

Total assets minus all liabilities

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company number

00695155

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

June 1961

ultimate parent company

PETTEX TOPCO 2 LIMITED

previous names

N/A

address

62/70 fowler road, hainault indust est, hainault, ilford essex, IG6 3UT

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 4 charges/mortgages relating to pettex limited. Currently there are 1 open charges and 3 have been satisfied in the past.

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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