serrate limited

serrate limited Company Information

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Company Number

01152062

Industry

Temporary employment agency activities

 

Directors

Paul Knight

Shareholders

mr stewart graham dixon

mr paul jeremy knight

Group Structure

View All

Contact

Registered Address

clock house, 286 kings road, reading, berks., RG1 4HP

serrate limited Estimated Valuation

£508.8k

Pomanda estimates the enterprise value of SERRATE LIMITED at £508.8k based on a Turnover of £3.1m and 0.16x industry multiple (adjusted for size and gross margin).

serrate limited Estimated Valuation

£571.8k

Pomanda estimates the enterprise value of SERRATE LIMITED at £571.8k based on an EBITDA of £191.5k and a 2.99x industry multiple (adjusted for size and gross margin).

serrate limited Estimated Valuation

£937.1k

Pomanda estimates the enterprise value of SERRATE LIMITED at £937.1k based on Net Assets of £572.1k and 1.64x industry multiple (adjusted for liquidity).

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Serrate Limited Overview

Serrate Limited is a live company located in reading, RG1 4HP with a Companies House number of 01152062. It operates in the temporary employment agency activities sector, SIC Code 78200. Founded in December 1973, it's largest shareholder is mr stewart graham dixon with a 50% stake. Serrate Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.1m with declining growth in recent years.

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Serrate Limited Health Check

Pomanda's financial health check has awarded Serrate Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £3.1m, make it smaller than the average company (£16.7m)

£3.1m - Serrate Limited

£16.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (5.4%)

-1% - Serrate Limited

5.4% - Industry AVG

production

Production

with a gross margin of 18.3%, this company has a comparable cost of product (18.3%)

18.3% - Serrate Limited

18.3% - Industry AVG

profitability

Profitability

an operating margin of 5.4% make it more profitable than the average company (2.5%)

5.4% - Serrate Limited

2.5% - Industry AVG

employees

Employees

with 9 employees, this is below the industry average (56)

9 - Serrate Limited

56 - Industry AVG

paystructure

Pay Structure

on an average salary of £52.6k, the company has an equivalent pay structure (£52.6k)

£52.6k - Serrate Limited

£52.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £347.8k, this is more efficient (£275.8k)

£347.8k - Serrate Limited

£275.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 48 days, this is near the average (45 days)

48 days - Serrate Limited

45 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Serrate Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Serrate Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (4 weeks)

0 weeks - Serrate Limited

4 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 82.2%, this is a higher level of debt than the average (73.1%)

82.2% - Serrate Limited

73.1% - Industry AVG

SERRATE LIMITED financials

EXPORTms excel logo

Serrate Limited's latest turnover from December 2023 is estimated at £3.1 million and the company has net assets of £572.1 thousand. According to their latest financial statements, Serrate Limited has 9 employees and maintains cash reserves of £7.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover3,130,5032,753,2442,865,1623,215,3463,529,4594,021,2613,728,6074,177,1542,653,63827,142,24823,532,20215,556,19517,326,27213,343,0430
Other Income Or Grants000000000000000
Cost Of Sales2,557,3342,268,7282,406,7572,701,5702,933,1543,326,4993,084,0413,456,0912,191,88022,329,18519,309,26512,854,90714,264,04010,788,0050
Gross Profit573,169484,516458,405513,776596,305694,761644,566721,063461,7584,813,0634,222,9372,701,2883,062,2322,555,0380
Admin Expenses405,634416,771325,106259,290583,299632,102512,910715,386464,7574,810,9844,184,6332,685,4123,026,5202,603,205-155,994
Operating Profit167,53567,745133,299254,48613,00662,659131,6565,677-2,9992,07938,30415,87635,712-48,167155,994
Interest Payable0107,849146,65773,9183508631,695899000000
Interest Receivable30319279280936292916363000
Pre-Tax Profit167,839-39,912-13,279180,59612,97262,668130,8284,011-3,8692,08038,36815,93935,712-48,167155,994
Tax-41,96000-34,313-2,465-11,907-24,857-8020-437-8,825-3,825-9,2850-43,678
Profit After Tax125,879-39,912-13,279146,28310,50750,761105,9713,209-3,8691,64329,54312,11426,427-48,167112,316
Dividends Paid000000000000000
Retained Profit125,879-39,912-13,279146,28310,50750,761105,9713,209-3,8691,64329,54312,11426,427-48,167112,316
Employee Costs473,385665,020464,351478,351466,283578,376529,506527,654356,7693,323,4322,926,1212,047,4272,173,8781,723,5090
Number Of Employees913101111141313986755458480
EBITDA*191,50291,990157,702279,44542,11797,840166,47240,36728,8384,43540,68819,57941,990-39,731165,322

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets455,801518,277641,552642,592818,515792,441803,481811,914819,172789,384749,722750,873755,212758,859768,925
Intangible Assets22,42844,85667,28489,712112,140134,568156,996179,424201,852224,280224,280224,280224,28000
Investments & Other1,724,500155,7507507507507507507507505,0005,0005,0005,00000
Debtors (Due After 1 year)148,226148,226148,226148,226148,225131,838131,83881,63415,0180010,50112,00112,00110,501
Total Fixed Assets2,350,955867,109857,812881,2801,079,6301,059,5971,093,0651,073,7221,036,7921,018,664979,002990,654996,493770,860779,426
Stock & work in progress000000000037,34037,34037,34037,34037,340
Trade Debtors417,981416,369339,219407,878487,912535,832534,684537,525353,716969,016810,135322,003531,983383,470319,650
Group Debtors000000000000000
Misc Debtors442,1871,714,9651,723,3461,817,7031,762,6061,568,6091,380,4231,074,964815,722096329,4480143,5400
Cash7,8673,6887,30056,1910822,36812,06911,338385025,353000
misc current assets000000000000000
total current assets868,0352,135,0222,069,8652,281,7722,250,5182,104,5231,917,4751,624,5581,180,776969,401848,438414,144569,323564,350356,990
total assets3,218,9903,002,1312,927,6773,163,0523,330,1483,164,1203,010,5402,698,2802,217,5681,988,0651,827,4401,404,7981,565,8161,335,2101,136,416
Bank overdraft00001,0280026,56627,668000000
Bank loan000000000000000
Trade Creditors 08,78564,24852,38269,99480,70368,04896,04061,9111,745,1001,558,7141,140,1521,252,2591,057,294717,282
Group/Directors Accounts00000000000034,530066,550
other short term finances002,270,5112,422,52200000000000
hp & lease commitments000000000000000
other current liabilities2,629,4712,547,115106,190188,2752,905,4362,739,5792,647,4292,384,8691,912,047000000
total current liabilities2,629,4712,555,9002,440,9492,663,1792,976,4582,820,2822,715,4772,507,4752,001,6261,745,1001,558,7141,140,1521,286,7891,057,294783,832
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities0000000027,26456,26883,809109,272135,743161,083187,584
provisions17,40905854515511,2063,1924,9055,987137002400
total long term liabilities17,40905854515511,2063,1924,90533,25156,40583,809109,272135,767161,083187,584
total liabilities2,646,8802,555,9002,441,5342,663,6302,977,0092,821,4882,718,6692,512,3802,034,8771,801,5051,642,5231,249,4241,422,5561,218,377971,416
net assets572,110446,231486,143499,422353,139342,632291,871185,900182,691186,560184,917155,374143,260116,833165,000
total shareholders funds572,110446,231486,143499,422353,139342,632291,871185,900182,691186,560184,917155,374143,260116,833165,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit167,53567,745133,299254,48613,00662,659131,6565,677-2,9992,07938,30415,87635,712-48,167155,994
Depreciation1,5391,8171,9752,5316,68312,75312,38812,2629,4092,3562,3843,7036,2788,4369,328
Amortisation22,42822,42822,42822,42822,42822,42822,42822,42822,428000000
Tax-41,96000-34,313-2,465-11,907-24,857-8020-437-8,825-3,825-9,2850-43,678
Stock000000000-37,340000037,340
Debtors-1,271,16668,769-163,016-24,936162,464189,334352,822509,667215,440157,918449,146-182,0324,973208,860330,151
Creditors-8,785-55,46311,866-17,612-10,70912,655-27,99234,129-1,683,189186,386418,562-112,107194,965340,012717,282
Accruals and Deferred Income82,3562,440,925-82,085-2,717,161165,85792,150262,560472,8221,912,047000000
Deferred Taxes & Provisions17,409-585134-100-655-1,986-1,713-1,0825,8501370-242400
Cash flow from operations1,511,6882,408,098250,633-2,464,80531,681-58221,64835,76748,10669,9431,27985,655222,72191,421471,435
Investing Activities
capital expenditure60,937121,458-935173,392-32,757-1,713-3,955-5,004-39,197-42,018-1,233636-226,9111,630-778,253
Change in Investments1,568,750155,000000000-4,2500005,00000
cash flow from investments-1,507,813-33,542-935173,392-32,757-1,713-3,955-5,004-34,947-42,018-1,233636-231,9111,630-778,253
Financing Activities
Bank loans000000000000000
Group/Directors Accounts00000000000-34,53034,530-66,55066,550
Other Short Term Loans 0-2,270,511-152,0112,422,52200000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities0000000-27,264-29,004-27,541-25,463-26,471-25,340-26,501187,584
share issue0000000000000052,684
interest303-107,657-146,578-73,890-359-827-1,666-87016363000
cash flow from financing303-2,378,168-298,5892,348,632-359-827-28,930-29,874-27,540-25,400-60,9389,190-93,051306,818
cash and cash equivalents
cash4,179-3,612-48,89156,191-82-2,286-9,70173110,953385-25,35325,353000
overdraft000-1,0281,0280-26,566-1,10227,668000000
change in cash4,179-3,612-48,89157,219-1,110-2,28616,8651,833-16,715385-25,35325,353000

serrate 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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Serrate Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for serrate limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in RG1 area or any other competitors across 12 key performance metrics.

serrate limited Ownership

SERRATE LIMITED group structure

Serrate Limited has no subsidiary companies.

Ultimate parent company

SERRATE LIMITED

01152062

SERRATE LIMITED Shareholders

mr stewart graham dixon 50%
mr paul jeremy knight 50%

serrate limited directors

Serrate Limited currently has 1 director, Mr Paul Knight serving since Jun 1991.

officercountryagestartendrole
Mr Paul Knight64 years Jun 1991- Director

P&L

December 2023

turnover

3.1m

+14%

operating profit

167.5k

0%

gross margin

18.4%

+4.04%

turnover

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

Balance Sheet

December 2023

net assets

572.1k

+0.28%

total assets

3.2m

+0.07%

cash

7.9k

+1.13%

net assets

Total assets minus all liabilities

serrate limited company details

company number

01152062

Type

Private limited with Share Capital

industry

78200 - Temporary employment agency activities

incorporation date

December 1973

age

51

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

HAINES WATTS

auditor

-

address

clock house, 286 kings road, reading, berks., RG1 4HP

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

serrate 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 11 charges/mortgages relating to serrate limited. Currently there are 8 open charges and 3 have been satisfied in the past.

charges

serrate limited Companies House Filings - See Documents

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