cobal (cranes) ltd Company Information
Company Number
01261011
Website
www.cobalcranes.comRegistered 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
Shareholders
a & b crane & electrical services ltd 100%
cobal (cranes) ltd Estimated Valuation
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
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
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).
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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
5 Strong
3 Regular
4 Weak
Size
annual sales of £2.1m, make it smaller than the average company (£14.7m)
- Cobal (cranes) Ltd
£14.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (2.8%)
- Cobal (cranes) Ltd
2.8% - Industry AVG
Production
with a gross margin of 22.3%, this company has a higher cost of product (29.7%)
- Cobal (cranes) Ltd
29.7% - Industry AVG
Profitability
an operating margin of 22% make it more profitable than the average company (5.5%)
- Cobal (cranes) Ltd
5.5% - Industry AVG
Employees
with 13 employees, this is below the industry average (79)
13 - Cobal (cranes) Ltd
79 - Industry AVG
Pay Structure
on an average salary of £46.6k, the company has an equivalent pay structure (£46.6k)
- Cobal (cranes) Ltd
£46.6k - Industry AVG
Efficiency
resulting in sales per employee of £162.5k, this is equally as efficient (£177k)
- Cobal (cranes) Ltd
£177k - Industry AVG
Debtor Days
it gets paid by customers after 150 days, this is later than average (60 days)
- Cobal (cranes) Ltd
60 days - Industry AVG
Creditor Days
its suppliers are paid after 96 days, this is slower than average (52 days)
- Cobal (cranes) Ltd
52 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (76 days)
- Cobal (cranes) Ltd
76 days - Industry AVG
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
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
Cobal (cranes) Ltd Competitor Analysis
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 directors
Cobal (Cranes) Ltd currently has 3 directors. The longest serving directors include Mr Derek Sowerby (Oct 2009) and Mr Jordan Simpson (Nov 2019).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Derek Sowerby | England | 62 years | Oct 2009 | - | Director |
Mr Jordan Simpson | United Kingdom | 44 years | Nov 2019 | - | Director |
Mr Ivan Murphy | England | 60 years | Nov 2019 | - | Director |
COBAL (CRANES) LTD financials
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 House, Pomanda Estimates
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 13 | 13 | 11 | 16 | 15 | 15 | 12 | 11 | ||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 592,317 | 399,160 | 27,350 | 36,267 | 77,630 | 110,183 | 131,391 | 103,124 | 80,830 | 90,073 | 89,591 | 55,922 | 41,037 | 46,924 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 592,317 | 399,160 | 27,350 | 36,267 | 77,630 | 110,183 | 131,391 | 103,124 | 80,830 | 90,073 | 89,591 | 55,922 | 41,037 | 46,924 |
Stock & work in progress | 17,045 | 23,902 | 6,295 | 0 | 426 | 20,136 | 17,695 | 17,000 | 16,480 | 19,800 | 23,750 | 23,750 | 24,850 | 19,850 |
Trade Debtors | 869,513 | 621,463 | 580,349 | 524,988 | 364,672 | 267,714 | 506,730 | 443,090 | 523,201 | 520,435 | 468,843 | 529,393 | 433,673 | 379,816 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 234,375 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 42,335 | 38,163 | 31,381 | 19,917 | 10,896 | 0 | 0 | 0 | 0 |
Cash | 128,634 | 54,323 | 84,966 | 52,473 | 99,384 | 59,592 | 69,555 | 122,808 | 27,185 | 22,181 | 126,024 | 37,936 | 70,037 | 147,768 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,015,192 | 699,688 | 671,610 | 577,461 | 464,482 | 624,152 | 632,143 | 614,279 | 586,783 | 573,312 | 618,617 | 591,079 | 528,560 | 547,434 |
total assets | 1,607,509 | 1,098,848 | 698,960 | 613,728 | 542,112 | 734,335 | 763,534 | 717,403 | 667,613 | 663,385 | 708,208 | 647,001 | 569,597 | 594,358 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 433,386 | 282,136 | 244,456 | 182,490 | 224,161 | 99,750 | 118,402 | 119,773 | 183,668 | 177,552 | 181,806 | 191,128 | 134,627 | 110,031 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 35,324 | 32,105 | 24,136 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 69,137 | 78,181 | 58,140 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 433,386 | 282,136 | 244,456 | 182,490 | 224,161 | 204,211 | 228,688 | 202,049 | 183,668 | 177,552 | 181,806 | 191,128 | 134,627 | 110,031 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 38,243 | 64,440 | 45,516 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 299,131 | 324,579 | 83,412 | 27,132 | 24,685 | 0 | 0 | 0 | 17,283 | 29,135 | 35,328 | 13,852 | 4,722 | 3,750 |
provisions | 2,897 | 0 | 0 | 0 | 4,979 | 10,172 | 12,073 | 14,626 | 13,104 | 12,286 | 11,025 | 0 | 0 | 0 |
total long term liabilities | 302,028 | 324,579 | 83,412 | 27,132 | 29,664 | 48,415 | 76,513 | 60,142 | 30,387 | 41,421 | 46,353 | 13,852 | 4,722 | 3,750 |
total liabilities | 735,414 | 606,715 | 327,868 | 209,622 | 253,825 | 252,626 | 305,201 | 262,191 | 214,055 | 218,973 | 228,159 | 204,980 | 139,349 | 113,781 |
net assets | 872,095 | 492,133 | 371,092 | 404,106 | 288,287 | 481,709 | 458,333 | 455,212 | 453,558 | 444,412 | 480,049 | 442,021 | 430,248 | 480,577 |
total shareholders funds | 872,095 | 492,133 | 371,092 | 404,106 | 288,287 | 481,709 | 458,333 | 455,212 | 453,558 | 444,412 | 480,049 | 442,021 | 430,248 | 480,577 |
Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||||||
Operating Profit | ||||||||||||||
Depreciation | 14,412 | 6,795 | 9,129 | 16,286 | 25,927 | 34,684 | 30,966 | 25,047 | 21,616 | 28,563 | 31,798 | 18,221 | 13,665 | 15,113 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | ||||||||||||||
Stock | -6,857 | 17,607 | 6,295 | -426 | -19,710 | 2,441 | 695 | 520 | -3,320 | -3,950 | 0 | -1,100 | 5,000 | 19,850 |
Debtors | 248,050 | 41,114 | 55,361 | 160,316 | -179,752 | -469 | 70,422 | -68,647 | 11,787 | 62,488 | -60,550 | 95,720 | 53,857 | 379,816 |
Creditors | 151,250 | 37,680 | 61,966 | -41,671 | 124,411 | -18,652 | -1,371 | -63,895 | 6,116 | -4,254 | -9,322 | 56,501 | 24,596 | 110,031 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | -69,137 | -9,044 | 20,041 | 58,140 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 2,897 | 0 | 0 | -4,979 | -5,193 | -1,901 | -2,553 | 1,522 | 818 | 1,261 | 11,025 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | -73,567 | -22,978 | 26,893 | 69,652 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -25,448 | 241,167 | 56,280 | 2,447 | 24,685 | 0 | 0 | -17,283 | -11,852 | -6,193 | 21,476 | 9,130 | 972 | 3,750 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 74,311 | -30,643 | 32,493 | -46,911 | 39,792 | -9,963 | -53,253 | 95,623 | 5,004 | -103,843 | 88,088 | -32,101 | -77,731 | 147,768 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 74,311 | -30,643 | 32,493 | -46,911 | 39,792 | -9,963 | -53,253 | 95,623 | 5,004 | -103,843 | 88,088 | -32,101 | -77,731 | 147,768 |
P&L
March 2023turnover
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 2023net 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.
cobal (cranes) ltd Companies House Filings - See Documents
date | description | view/download |
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