cobal (cranes) ltd

5

cobal (cranes) ltd Company Information

Share COBAL (CRANES) LTD
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Company Number

01261011

Registered Address

8 roman ridge road, sheffield, S9 1GB

Industry

Manufacture of lifting and handling equipment

 

Telephone

01246292984

Next Accounts Due

December 2024

Group Structure

View All

Directors

Derek Sowerby14 Years

Jordan Simpson4 Years

View All

Shareholders

a & b crane & electrical services ltd 100%

cobal (cranes) ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of COBAL (CRANES) LTD at £1.1m based on a Turnover of £2.1m and 0.5x industry multiple (adjusted for size and gross margin).

cobal (cranes) ltd Estimated Valuation

£2m

Pomanda estimates the enterprise value of COBAL (CRANES) LTD at £2m based on an EBITDA of £479.6k and a 4.15x industry multiple (adjusted for size and gross margin).

cobal (cranes) ltd Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of COBAL (CRANES) LTD at £1.9m based on Net Assets of £872.1k and 2.2x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from March 2023 

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Cobal (cranes) Ltd Overview

Cobal (cranes) Ltd is a live company located in sheffield, S9 1GB with a Companies House number of 01261011. It operates in the manufacture of lifting and handling equipment sector, SIC Code 28220. Founded in June 1976, it's largest shareholder is a & b crane & electrical services ltd with a 100% stake. Cobal (cranes) Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with healthy growth in recent years.

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Cobal (cranes) Ltd Health Check

Pomanda's financial health check has awarded Cobal (Cranes) Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £2.1m, make it smaller than the average company (£14.7m)

£2.1m - Cobal (cranes) Ltd

£14.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (2.8%)

5% - Cobal (cranes) Ltd

2.8% - Industry AVG

production

Production

with a gross margin of 22.3%, this company has a higher cost of product (29.7%)

22.3% - Cobal (cranes) Ltd

29.7% - Industry AVG

profitability

Profitability

an operating margin of 22% make it more profitable than the average company (5.5%)

22% - Cobal (cranes) Ltd

5.5% - Industry AVG

employees

Employees

with 13 employees, this is below the industry average (79)

13 - Cobal (cranes) Ltd

79 - Industry AVG

paystructure

Pay Structure

on an average salary of £46.6k, the company has an equivalent pay structure (£46.6k)

£46.6k - Cobal (cranes) Ltd

£46.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £162.5k, this is equally as efficient (£177k)

£162.5k - Cobal (cranes) Ltd

£177k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 150 days, this is later than average (60 days)

150 days - Cobal (cranes) Ltd

60 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 96 days, this is slower than average (52 days)

96 days - Cobal (cranes) Ltd

52 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 3 days, this is less than average (76 days)

3 days - Cobal (cranes) Ltd

76 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (14 weeks)

15 weeks - Cobal (cranes) Ltd

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 45.8%, this is a lower level of debt than the average (53.9%)

45.8% - Cobal (cranes) Ltd

53.9% - Industry AVG

cobal (cranes) ltd 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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Cobal (cranes) Ltd Competitor Analysis

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Perform a competitor analysis for cobal (cranes) ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.

cobal (cranes) ltd Ownership

COBAL (CRANES) LTD group structure

Cobal (Cranes) Ltd has no subsidiary companies.

Ultimate parent company

2 parents

COBAL (CRANES) LTD

01261011

COBAL (CRANES) LTD Shareholders

a & b crane & electrical services ltd 100%

cobal (cranes) ltd directors

Cobal (Cranes) Ltd currently has 3 directors. The longest serving directors include Mr Derek Sowerby (Oct 2009) and Mr Jordan Simpson (Nov 2019).

officercountryagestartendrole
Mr Derek SowerbyEngland62 years Oct 2009- Director
Mr Jordan SimpsonUnited Kingdom44 years Nov 2019- Director
Mr Ivan MurphyEngland60 years Nov 2019- Director

COBAL (CRANES) LTD financials

EXPORTms excel logo

Cobal (Cranes) Ltd's latest turnover from March 2023 is estimated at £2.1 million and the company has net assets of £872.1 thousand. According to their latest financial statements, Cobal (Cranes) Ltd has 13 employees and maintains cash reserves of £128.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover2,112,0491,578,6281,401,4491,840,3981,176,589965,4571,230,6991,073,6661,237,7161,201,9051,113,8411,193,409930,083983,394
Other Income Or Grants00000000000000
Cost Of Sales1,641,3621,231,7321,105,1531,430,234907,653747,322965,413849,093976,424926,548850,512893,329694,455752,518
Gross Profit470,687346,896296,296410,163268,937218,136265,286224,573261,292275,357263,328300,080235,628230,876
Admin Expenses5,486197,985329,379267,253462,955189,600261,625222,880249,838311,365213,701284,440286,502-433,321
Operating Profit465,201148,911-33,083142,910-194,01828,5363,6611,69311,454-36,00849,62715,640-50,874664,197
Interest Payable00000000000000
Interest Receivable3,8885226976596323240375123371410270545369
Pre-Tax Profit469,089149,433-33,014142,986-193,42228,8593,9012,06811,577-35,63750,03715,909-50,329664,567
Tax-89,127-28,3920-27,1670-5,483-780-413-2,4310-12,009-4,1360-186,079
Profit After Tax379,962121,041-33,014115,819-193,42223,3763,1211,6549,146-35,63738,02811,773-50,329478,488
Dividends Paid00000000000000
Retained Profit379,962121,041-33,014115,819-193,42223,3763,1211,6549,146-35,63738,02811,773-50,329478,488
Employee Costs605,917571,229466,491671,540609,707590,670470,063427,493234,496230,281190,249216,900175,882165,747
Number Of Employees1313111615151211665655
EBITDA*479,613155,706-23,954159,196-168,09163,22034,62726,74033,070-7,44581,42533,861-37,209679,310

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets592,317399,16027,35036,26777,630110,183131,391103,12480,83090,07389,59155,92241,03746,924
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets592,317399,16027,35036,26777,630110,183131,391103,12480,83090,07389,59155,92241,03746,924
Stock & work in progress17,04523,9026,295042620,13617,69517,00016,48019,80023,75023,75024,85019,850
Trade Debtors869,513621,463580,349524,988364,672267,714506,730443,090523,201520,435468,843529,393433,673379,816
Group Debtors00000234,37500000000
Misc Debtors0000042,33538,16331,38119,91710,8960000
Cash128,63454,32384,96652,47399,38459,59269,555122,80827,18522,181126,02437,93670,037147,768
misc current assets00000000000000
total current assets1,015,192699,688671,610577,461464,482624,152632,143614,279586,783573,312618,617591,079528,560547,434
total assets1,607,5091,098,848698,960613,728542,112734,335763,534717,403667,613663,385708,208647,001569,597594,358
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 433,386282,136244,456182,490224,16199,750118,402119,773183,668177,552181,806191,128134,627110,031
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments0000035,32432,10524,136000000
other current liabilities0000069,13778,18158,140000000
total current liabilities433,386282,136244,456182,490224,161204,211228,688202,049183,668177,552181,806191,128134,627110,031
loans00000000000000
hp & lease commitments0000038,24364,44045,516000000
Accruals and Deferred Income00000000000000
other liabilities299,131324,57983,41227,13224,68500017,28329,13535,32813,8524,7223,750
provisions2,8970004,97910,17212,07314,62613,10412,28611,025000
total long term liabilities302,028324,57983,41227,13229,66448,41576,51360,14230,38741,42146,35313,8524,7223,750
total liabilities735,414606,715327,868209,622253,825252,626305,201262,191214,055218,973228,159204,980139,349113,781
net assets872,095492,133371,092404,106288,287481,709458,333455,212453,558444,412480,049442,021430,248480,577
total shareholders funds872,095492,133371,092404,106288,287481,709458,333455,212453,558444,412480,049442,021430,248480,577
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit465,201148,911-33,083142,910-194,01828,5363,6611,69311,454-36,00849,62715,640-50,874664,197
Depreciation14,4126,7959,12916,28625,92734,68430,96625,04721,61628,56331,79818,22113,66515,113
Amortisation00000000000000
Tax-89,127-28,3920-27,1670-5,483-780-413-2,4310-12,009-4,1360-186,079
Stock-6,85717,6076,295-426-19,7102,441695520-3,320-3,9500-1,1005,00019,850
Debtors248,05041,11455,361160,316-179,752-46970,422-68,64711,78762,488-60,55095,72053,857379,816
Creditors151,25037,68061,966-41,671124,411-18,652-1,371-63,8956,116-4,254-9,32256,50124,596110,031
Accruals and Deferred Income0000-69,137-9,04420,04158,140000000
Deferred Taxes & Provisions2,89700-4,979-5,193-1,901-2,5531,5228181,26111,025000
Cash flow from operations303,440106,273-23,644-74,51181,45226,168-21,15390,22129,106-68,976131,669-8,394-71,470203,596
Investing Activities
capital expenditure-207,569-378,605-21225,0776,626-13,476-59,233-47,341-12,373-29,045-65,467-33,106-7,778-62,037
Change in Investments00000000000000
cash flow from investments-207,569-378,605-21225,0776,626-13,476-59,233-47,341-12,373-29,045-65,467-33,106-7,778-62,037
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments0000-73,567-22,97826,89369,652000000
other long term liabilities-25,448241,16756,2802,44724,68500-17,283-11,852-6,19321,4769,1309723,750
share issue00000000000002,089
interest3,8885226976596323240375123371410270545369
cash flow from financing-21,560241,68956,3492,523-48,286-22,65527,13352,744-11,729-5,82221,8869,4001,5176,208
cash and cash equivalents
cash74,311-30,64332,493-46,91139,792-9,963-53,25395,6235,004-103,84388,088-32,101-77,731147,768
overdraft00000000000000
change in cash74,311-30,64332,493-46,91139,792-9,963-53,25395,6235,004-103,84388,088-32,101-77,731147,768

P&L

March 2023

turnover

2.1m

+34%

operating profit

465.2k

0%

gross margin

22.3%

+1.42%

turnover

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

Balance Sheet

March 2023

net assets

872.1k

+0.77%

total assets

1.6m

+0.46%

cash

128.6k

+1.37%

net assets

Total assets minus all liabilities

cobal (cranes) ltd company details

company number

01261011

Type

Private limited with Share Capital

industry

28220 - Manufacture of lifting and handling equipment

incorporation date

June 1976

age

48

accounts

Audited Abridged

ultimate parent company

previous names

hides investments limited (October 2019)

cobal (cranes) ltd. (October 2019)

incorporated

UK

address

8 roman ridge road, sheffield, S9 1GB

last accounts submitted

March 2023

cobal (cranes) ltd 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 3 charges/mortgages relating to cobal (cranes) ltd. Currently there are 1 open charges and 2 have been satisfied in the past.

charges

cobal (cranes) ltd Companies House Filings - See Documents

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