joseph king (norfolk) co-ordination limited

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joseph king (norfolk) co-ordination limited Company Information

Share JOSEPH KING (NORFOLK) CO-ORDINATION LIMITED

Company Number

00997356

Directors

Neil King

Terence Gould

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Shareholders

joseph king holdings limited

Group Structure

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Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

 

Registered Address

c/o larking gowen, 1st floor prospect house, norwich, norfolk, NR1 1RE

joseph king (norfolk) co-ordination limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of JOSEPH KING (NORFOLK) CO-ORDINATION LIMITED at £1.7m based on a Turnover of £1.3m and 1.25x industry multiple (adjusted for size and gross margin).

joseph king (norfolk) co-ordination limited Estimated Valuation

£0

Pomanda estimates the enterprise value of JOSEPH KING (NORFOLK) CO-ORDINATION LIMITED at £0 based on an EBITDA of £-13.5m and a 4.3x industry multiple (adjusted for size and gross margin).

joseph king (norfolk) co-ordination limited Estimated Valuation

£28.4m

Pomanda estimates the enterprise value of JOSEPH KING (NORFOLK) CO-ORDINATION LIMITED at £28.4m based on Net Assets of £21.7m and 1.31x industry multiple (adjusted for liquidity).

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Joseph King (norfolk) Co-ordination Limited Overview

Joseph King (norfolk) Co-ordination Limited is a live company located in norwich, NR1 1RE with a Companies House number of 00997356. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in December 1970, it's largest shareholder is joseph king holdings limited with a 100% stake. Joseph King (norfolk) Co-ordination Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.

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Joseph King (norfolk) Co-ordination Limited Health Check

Pomanda's financial health check has awarded Joseph King (Norfolk) Co-Ordination Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £1.3m, make it smaller than the average company (£5.3m)

£1.3m - Joseph King (norfolk) Co-ordination Limited

£5.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (6.7%)

-19% - Joseph King (norfolk) Co-ordination Limited

6.7% - Industry AVG

production

Production

with a gross margin of 55.7%, this company has a comparable cost of product (55.7%)

55.7% - Joseph King (norfolk) Co-ordination Limited

55.7% - Industry AVG

profitability

Profitability

an operating margin of -1010.8% make it less profitable than the average company (9.1%)

-1010.8% - Joseph King (norfolk) Co-ordination Limited

9.1% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (12)

4 - Joseph King (norfolk) Co-ordination Limited

12 - Industry AVG

paystructure

Pay Structure

on an average salary of £79.9k, the company has an equivalent pay structure (£79.9k)

£79.9k - Joseph King (norfolk) Co-ordination Limited

£79.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £332.7k, this is more efficient (£216.7k)

£332.7k - Joseph King (norfolk) Co-ordination Limited

£216.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 51 days, this is later than average (33 days)

51 days - Joseph King (norfolk) Co-ordination Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 135 days, this is slower than average (41 days)

135 days - Joseph King (norfolk) Co-ordination Limited

41 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Joseph King (norfolk) Co-ordination Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 64 weeks, this is more cash available to meet short term requirements (29 weeks)

64 weeks - Joseph King (norfolk) Co-ordination Limited

29 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 4.1%, this is a lower level of debt than the average (69.3%)

4.1% - Joseph King (norfolk) Co-ordination Limited

69.3% - Industry AVG

JOSEPH KING (NORFOLK) CO-ORDINATION LIMITED financials

EXPORTms excel logo

Joseph King (Norfolk) Co-Ordination Limited's latest turnover from March 2024 is estimated at £1.3 million and the company has net assets of £21.7 million. According to their latest financial statements, Joseph King (Norfolk) Co-Ordination Limited has 4 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover1,330,7711,103,1531,037,4192,496,0552,603,6532,232,290183,128209,003199,266193,229234,131412,2692,118,9412,472,6302,221,952
Other Income Or Grants
Cost Of Sales589,966462,036412,728995,4021,004,265876,11372,63080,20169,14866,25785,9474,171175,812292,514185,001
Gross Profit740,805641,118624,6911,500,6531,599,3881,356,177110,498128,802130,118126,972148,184408,0981,943,1292,180,1162,036,951
Admin Expenses14,192,354502,821215,9601,214,8301,123,7691,279,522545,224520,797557,610534,821528,021648,883806,304522,051526,268
Operating Profit-13,451,549138,297408,731285,823475,61976,655-434,726-391,995-427,492-407,849-379,837-240,7851,136,8251,658,0651,510,683
Interest Payable111,204245,11194,6921,32110,48410,7512611,2063,362
Interest Receivable419,628566,52756,9882,6231,45812,973677,917694,840773,151811,603804,311687,603100,473100,45878,949
Pre-Tax Profit-13,143,126459,714371,027288,446477,07789,628253,601312,140344,451401,729460,914455,4481,246,2331,762,3631,586,270
Tax-87,346-70,495-54,805-90,645-17,029-46,715-61,102-72,403-82,766-51,912465,072-335,005-420,851-417,413
Profit After Tax-13,143,126372,368300,532233,641386,43272,599206,886251,038272,048318,963409,002920,520911,2281,341,5121,168,857
Dividends Paid1,221,9721,290,032810,1901,260,0003,000,000
Retained Profit-13,143,126372,368300,532233,641386,43272,599206,886-970,934-1,017,984-491,227-850,998920,520911,2281,341,512-1,831,143
Employee Costs319,404296,096293,250274,619277,843410,880395,880376,549364,893116,579118,575172,770444,748413,920397,505
Number Of Employees444446666223777
EBITDA*-13,451,549138,297408,731285,823475,61983,255-428,501-384,136-419,421-401,379-373,526-233,1731,158,2851,680,7861,526,242

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets6,60012,38719,43418,98523,44424,938225,706234,55516,514,221
Intangible Assets
Investments & Other18,929,46718,929,467
Debtors (Due After 1 year)19,122,21213,074,40213,345,24519,233,97220,787,68021,784,25517,407,71619,232,26219,262,56519,915,84519,560,03318,958,705128,778
Total Fixed Assets19,122,21213,074,40213,345,24519,233,97220,787,68021,784,25517,414,31619,244,64919,281,99919,934,83019,583,47718,983,64319,283,95119,164,02216,514,221
Stock & work in progress
Trade Debtors187,231143,916141,712510,401514,530405,790153,45496,173349,29481,136269,634435,41597,27599,246179,020
Group Debtors1,595,600992,113666,05082,15083,71291,706508,263508,299817,189200,296200,296102,851443,9679,8509,850
Misc Debtors458,6571,128,193676,444676,731706,527688,608689,282682,138768,760775,723842,378136,311323,839530,606648,262
Cash1,151,44514,834,37311,825,7363,371,0081,874,2341,041,5972,417,8691,219,442676,3964,659,8244,975,3326,491,1436,762,2286,782,0466,143,812
misc current assets152,594154,6883,481,3623,466,5813,458,0983,466,9603,445,9333,918,732182,293182,293165,486165,486165,486165,486
total current assets3,545,52717,253,28316,791,3048,106,8716,637,1015,725,9587,235,8285,951,9856,530,3715,899,2726,469,9337,331,2067,792,7957,587,2347,146,430
total assets22,667,73930,327,68530,136,54927,340,84327,424,78127,510,21324,650,14425,196,63425,812,37025,834,10226,053,41026,314,84927,076,74626,751,25623,660,651
Bank overdraft
Bank loan
Trade Creditors 219,333224,614158,558318,431222,867234,474177,808248,81283,81684,01596,95183,641115,010110,805103,728
Group/Directors Accounts38,17939,67995,780699,0181,308,2942,123,6562,723,6872,719,8431,411,9441,411,644847,3961,146,1151,690,0192,515,011
other short term finances
hp & lease commitments
other current liabilities705,4631,201,856618,922713,463523,368374,349404,971486,473298,770622,315337,041324,4381,129,8381,138,2271,140,074
total current liabilities924,7961,464,649817,1591,127,6741,445,2531,917,1172,706,4353,458,9723,102,4292,118,2741,845,6361,255,4752,390,9632,939,0513,758,813
loans1,976,9672,805,689
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions7351,5742,9193,0123,7324,334596,060633,710675,421
total long term liabilities1,976,9672,805,6897351,5742,9193,0123,7324,334596,060633,710675,421
total liabilities924,7963,441,6163,622,8481,127,6741,445,2531,917,1172,707,1703,460,5463,105,3482,121,2861,849,3681,259,8092,987,0233,572,7614,434,234
net assets21,742,94326,886,06926,513,70126,213,16925,979,52825,593,09621,942,97421,736,08822,707,02223,712,81624,204,04225,055,04024,089,72323,178,49519,226,417
total shareholders funds21,742,94326,886,06926,513,70126,213,16925,979,52825,593,09621,942,97421,736,08822,707,02223,712,81624,204,04225,055,04024,089,72323,178,49519,226,417
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit-13,451,549138,297408,731285,823475,61976,655-434,726-391,995-427,492-407,849-379,837-240,7851,136,8251,658,0651,510,683
Depreciation6,6006,2257,8598,0716,4706,3117,61221,46022,72115,559
Amortisation
Tax-87,346-70,495-54,805-90,645-17,029-46,715-61,102-72,403-82,766-51,912465,072-335,005-420,851-417,413
Stock
Debtors6,025,076509,173-5,673,803-1,589,195-877,9104,211,644-1,760,157-678,936224,808100,6591,239,05918,639,423354,157-197,430837,132
Creditors-5,28166,056-159,87395,564-11,60756,666-71,004164,996-199-12,93613,310-31,3694,2057,077103,728
Accruals and Deferred Income-496,393582,934-94,541190,095149,019-30,622-81,502187,703-323,545285,27412,603-805,400-8,389-1,8471,140,074
Deferred Taxes & Provisions-735-839-1,345-93-720-602-591,726-37,650-41,711675,421
Cash flow from operations-19,978,299190,7685,757,6252,105,8721,400,296-4,120,1091,131,596585,052-1,040,469-313,186-1,639,186-19,836,019427,2891,420,8842,190,920
Investing Activities
capital expenditure-438-812-8,520-2,011-4,817193,156-7,47635,442-224,855
Change in Investments-18,929,46718,929,467
cash flow from investments-438-812-8,520-2,011-4,81719,122,623-7,476-18,894,025-224,855
Financing Activities
Bank loans
Group/Directors Accounts-38,179-1,500-56,101-603,238-609,276-815,362-600,0313,8441,307,899300564,248-298,719-543,904-824,9922,515,011
Other Short Term Loans
Long term loans-1,976,967-828,7222,805,689
Hire Purchase and Lease Commitments
other long term liabilities
share issue8,000,0003,577,52312,190144,7972,610,56621,057,560
interest308,424321,416-37,7042,6231,45812,973677,917693,519762,667800,852804,311687,603100,21299,25275,587
cash flow from financing6,293,278-508,8062,711,884-600,615-607,8182,775,13477,886697,3632,082,756801,1531,368,559433,681-443,6921,884,82623,648,158
cash and cash equivalents
cash-13,682,9283,008,6378,454,7281,496,774832,637-1,376,2721,198,427543,046-3,983,428-315,508-1,515,811-271,085-19,818638,2346,143,812
overdraft
change in cash-13,682,9283,008,6378,454,7281,496,774832,637-1,376,2721,198,427543,046-3,983,428-315,508-1,515,811-271,085-19,818638,2346,143,812

joseph king (norfolk) co-ordination limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Joseph King (norfolk) Co-ordination Limited Competitor Analysis

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Perform a competitor analysis for joseph king (norfolk) co-ordination limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in NR1 area or any other competitors across 12 key performance metrics.

joseph king (norfolk) co-ordination limited Ownership

JOSEPH KING (NORFOLK) CO-ORDINATION LIMITED group structure

Joseph King (Norfolk) Co-Ordination Limited has 4 subsidiary companies.

JOSEPH KING (NORFOLK) CO-ORDINATION LIMITED Shareholders

joseph king holdings limited 100%

joseph king (norfolk) co-ordination limited directors

Joseph King (Norfolk) Co-Ordination Limited currently has 3 directors. The longest serving directors include Mr Neil King (May 1991) and Mr Terence Gould (Sep 2018).

officercountryagestartendrole
Mr Neil KingUnited Kingdom68 years May 1991- Director
Mr Terence GouldUnited Kingdom73 years Sep 2018- Director
Ms Hannah KingUnited Kingdom36 years Jul 2023- Director

P&L

March 2024

turnover

1.3m

+21%

operating profit

-13.5m

0%

gross margin

55.7%

-4.21%

turnover

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

Balance Sheet

March 2024

net assets

21.7m

-0.19%

total assets

22.7m

-0.25%

cash

1.2m

-0.92%

net assets

Total assets minus all liabilities

joseph king (norfolk) co-ordination limited company details

company number

00997356

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

December 1970

age

55

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

c/o larking gowen, 1st floor prospect house, norwich, norfolk, NR1 1RE

Bank

HSBC BANK PLC

Legal Advisor

-

joseph king (norfolk) co-ordination 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 8 charges/mortgages relating to joseph king (norfolk) co-ordination limited. Currently there are 6 open charges and 2 have been satisfied in the past.

joseph king (norfolk) co-ordination 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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joseph king (norfolk) co-ordination limited Companies House Filings - See Documents

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