serrate limited
serrate limited Company Information
Group Structure
View All
Industry
Temporary employment agency activities
Registered Address
clock house, 286 kings road, reading, berks., RG1 4HP
Website
http://itsconstruction.co.ukserrate limited Estimated Valuation
Pomanda estimates the enterprise value of SERRATE LIMITED at £537.2k based on a Turnover of £3m and 0.18x industry multiple (adjusted for size and gross margin).
serrate limited Estimated Valuation
Pomanda estimates the enterprise value of SERRATE LIMITED at £603.3k based on an EBITDA of £191.5k and a 3.15x industry multiple (adjusted for size and gross margin).
serrate limited Estimated Valuation
Pomanda estimates the enterprise value of SERRATE LIMITED at £741.5k based on Net Assets of £572.1k and 1.3x 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 paul jeremy knight with a 100% stake. Serrate Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m 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
2 Strong
3 Regular
5 Weak
Size
annual sales of £3m, make it smaller than the average company (£16.2m)
- Serrate Limited
£16.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (5.9%)
- Serrate Limited
5.9% - Industry AVG
Production
with a gross margin of 18.5%, this company has a comparable cost of product (18.5%)
- Serrate Limited
18.5% - Industry AVG
Profitability
an operating margin of 5.5% make it more profitable than the average company (2.6%)
- Serrate Limited
2.6% - Industry AVG
Employees
with 9 employees, this is below the industry average (56)
9 - Serrate Limited
56 - Industry AVG
Pay Structure
on an average salary of £52.6k, the company has an equivalent pay structure (£52.6k)
- Serrate Limited
£52.6k - Industry AVG
Efficiency
resulting in sales per employee of £336.7k, this is more efficient (£244.8k)
- Serrate Limited
£244.8k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (45 days)
- Serrate Limited
45 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Serrate Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Serrate Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)
0 weeks - Serrate Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.2%, this is a higher level of debt than the average (71.6%)
82.2% - Serrate Limited
71.6% - Industry AVG
SERRATE LIMITED financials
Serrate Limited's latest turnover from December 2023 is estimated at £3 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 House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 9 | 13 | 10 | 11 | 11 | 14 | 13 | 13 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 455,801 | 518,277 | 641,552 | 642,592 | 818,515 | 792,441 | 803,481 | 811,914 | 819,172 | 789,384 | 749,722 | 750,873 | 755,212 | 758,859 | 768,925 |
| Intangible Assets | 22,428 | 44,856 | 67,284 | 89,712 | 112,140 | 134,568 | 156,996 | 179,424 | 201,852 | 224,280 | 224,280 | 224,280 | 224,280 | ||
| Investments & Other | 1,724,500 | 155,750 | 750 | 750 | 750 | 750 | 750 | 750 | 750 | 5,000 | 5,000 | 5,000 | 5,000 | ||
| Debtors (Due After 1 year) | 148,226 | 148,226 | 148,226 | 148,226 | 148,225 | 131,838 | 131,838 | 81,634 | 15,018 | 10,501 | 12,001 | 12,001 | 10,501 | ||
| Total Fixed Assets | 2,350,955 | 867,109 | 857,812 | 881,280 | 1,079,630 | 1,059,597 | 1,093,065 | 1,073,722 | 1,036,792 | 1,018,664 | 979,002 | 990,654 | 996,493 | 770,860 | 779,426 |
| Stock & work in progress | 37,340 | 37,340 | 37,340 | 37,340 | 37,340 | ||||||||||
| Trade Debtors | 417,981 | 416,369 | 339,219 | 407,878 | 487,912 | 535,832 | 534,684 | 537,525 | 353,716 | 969,016 | 810,135 | 322,003 | 531,983 | 383,470 | 319,650 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 442,187 | 1,714,965 | 1,723,346 | 1,817,703 | 1,762,606 | 1,568,609 | 1,380,423 | 1,074,964 | 815,722 | 963 | 29,448 | 143,540 | |||
| Cash | 7,867 | 3,688 | 7,300 | 56,191 | 82 | 2,368 | 12,069 | 11,338 | 385 | 25,353 | |||||
| misc current assets | |||||||||||||||
| total current assets | 868,035 | 2,135,022 | 2,069,865 | 2,281,772 | 2,250,518 | 2,104,523 | 1,917,475 | 1,624,558 | 1,180,776 | 969,401 | 848,438 | 414,144 | 569,323 | 564,350 | 356,990 |
| total assets | 3,218,990 | 3,002,131 | 2,927,677 | 3,163,052 | 3,330,148 | 3,164,120 | 3,010,540 | 2,698,280 | 2,217,568 | 1,988,065 | 1,827,440 | 1,404,798 | 1,565,816 | 1,335,210 | 1,136,416 |
| Bank overdraft | 1,028 | 26,566 | 27,668 | ||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 8,785 | 64,248 | 52,382 | 69,994 | 80,703 | 68,048 | 96,040 | 61,911 | 1,745,100 | 1,558,714 | 1,140,152 | 1,252,259 | 1,057,294 | 717,282 | |
| Group/Directors Accounts | 34,530 | 66,550 | |||||||||||||
| other short term finances | 2,270,511 | 2,422,522 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 2,629,471 | 2,547,115 | 106,190 | 188,275 | 2,905,436 | 2,739,579 | 2,647,429 | 2,384,869 | 1,912,047 | ||||||
| total current liabilities | 2,629,471 | 2,555,900 | 2,440,949 | 2,663,179 | 2,976,458 | 2,820,282 | 2,715,477 | 2,507,475 | 2,001,626 | 1,745,100 | 1,558,714 | 1,140,152 | 1,286,789 | 1,057,294 | 783,832 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 27,264 | 56,268 | 83,809 | 109,272 | 135,743 | 161,083 | 187,584 | ||||||||
| provisions | 17,409 | 585 | 451 | 551 | 1,206 | 3,192 | 4,905 | 5,987 | 137 | 24 | |||||
| total long term liabilities | 17,409 | 585 | 451 | 551 | 1,206 | 3,192 | 4,905 | 33,251 | 56,405 | 83,809 | 109,272 | 135,767 | 161,083 | 187,584 | |
| total liabilities | 2,646,880 | 2,555,900 | 2,441,534 | 2,663,630 | 2,977,009 | 2,821,488 | 2,718,669 | 2,512,380 | 2,034,877 | 1,801,505 | 1,642,523 | 1,249,424 | 1,422,556 | 1,218,377 | 971,416 |
| net assets | 572,110 | 446,231 | 486,143 | 499,422 | 353,139 | 342,632 | 291,871 | 185,900 | 182,691 | 186,560 | 184,917 | 155,374 | 143,260 | 116,833 | 165,000 |
| total shareholders funds | 572,110 | 446,231 | 486,143 | 499,422 | 353,139 | 342,632 | 291,871 | 185,900 | 182,691 | 186,560 | 184,917 | 155,374 | 143,260 | 116,833 | 165,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 1,539 | 1,817 | 1,975 | 2,531 | 6,683 | 12,753 | 12,388 | 12,262 | 9,409 | 2,356 | 2,384 | 3,703 | 6,278 | 8,436 | 9,328 |
| Amortisation | 22,428 | 22,428 | 22,428 | 22,428 | 22,428 | 22,428 | 22,428 | 22,428 | 22,428 | ||||||
| Tax | |||||||||||||||
| Stock | -37,340 | 37,340 | |||||||||||||
| Debtors | -1,271,166 | 68,769 | -163,016 | -24,936 | 162,464 | 189,334 | 352,822 | 509,667 | 215,440 | 157,918 | 449,146 | -182,032 | 4,973 | 208,860 | 330,151 |
| Creditors | -8,785 | -55,463 | 11,866 | -17,612 | -10,709 | 12,655 | -27,992 | 34,129 | -1,683,189 | 186,386 | 418,562 | -112,107 | 194,965 | 340,012 | 717,282 |
| Accruals and Deferred Income | 82,356 | 2,440,925 | -82,085 | -2,717,161 | 165,857 | 92,150 | 262,560 | 472,822 | 1,912,047 | ||||||
| Deferred Taxes & Provisions | 17,409 | -585 | 134 | -100 | -655 | -1,986 | -1,713 | -1,082 | 5,850 | 137 | -24 | 24 | |||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 1,568,750 | 155,000 | -4,250 | 5,000 | |||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -34,530 | 34,530 | -66,550 | 66,550 | |||||||||||
| Other Short Term Loans | -2,270,511 | -152,011 | 2,422,522 | ||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -27,264 | -29,004 | -27,541 | -25,463 | -26,471 | -25,340 | -26,501 | 187,584 | |||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 4,179 | -3,612 | -48,891 | 56,191 | -82 | -2,286 | -9,701 | 731 | 10,953 | 385 | -25,353 | 25,353 | |||
| overdraft | -1,028 | 1,028 | -26,566 | -1,102 | 27,668 | ||||||||||
| change in cash | 4,179 | -3,612 | -48,891 | 57,219 | -1,110 | -2,286 | 16,865 | 1,833 | -16,715 | 385 | -25,353 | 25,353 |
serrate limited Credit Report and Business Information
Serrate Limited Competitor Analysis
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 directors
Serrate Limited currently has 1 director, Mr Paul Knight serving since Jun 1991.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Knight | 64 years | Jun 1991 | - | Director |
P&L
December 2023turnover
3m
+16%
operating profit
167.5k
0%
gross margin
18.6%
+4.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net 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
52
incorporated
UK
ultimate parent company
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.
serrate 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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serrate limited Companies House Filings - See Documents
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