01320924 limited
01320924 limited Company Information
Company Number
01320924
Next Accounts
4351 days late
Shareholders
sellers ventures ltd
Group Structure
View All
Industry
Manufacture of other tanks, reservoirs and containers of metal
Registered Address
the chancery 58 spring gardens, manchester, M2 1EW
Website
sellersengineering.co.uk01320924 limited Estimated Valuation
Pomanda estimates the enterprise value of 01320924 LIMITED at £6.6m based on a Turnover of £5.1m and 1.29x industry multiple (adjusted for size and gross margin).
01320924 limited Estimated Valuation
Pomanda estimates the enterprise value of 01320924 LIMITED at £0 based on an EBITDA of £-261.2k and a 10x industry multiple (adjusted for size and gross margin).
01320924 limited Estimated Valuation
Pomanda estimates the enterprise value of 01320924 LIMITED at £945.4k based on Net Assets of £479.7k and 1.97x industry multiple (adjusted for liquidity).
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01320924 Limited Overview
01320924 Limited is a live company located in manchester, M2 1EW with a Companies House number of 01320924. It operates in the manufacture of other tanks, reservoirs and containers of metal sector, SIC Code 25290. Founded in July 1977, it's largest shareholder is sellers ventures ltd with a 100% stake. 01320924 Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.1m with unknown growth in recent years.
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01320924 Limited Health Check
Pomanda's financial health check has awarded 01320924 Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £5.1m, make it in line with the average company (£5.9m)
£5.1m - 01320924 Limited
£5.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- 01320924 Limited
- - Industry AVG
Production
with a gross margin of 100.7%, this company has a lower cost of product (24.3%)
100.7% - 01320924 Limited
24.3% - Industry AVG
Profitability
an operating margin of -6.8% make it less profitable than the average company (3.7%)
-6.8% - 01320924 Limited
3.7% - Industry AVG
Employees
with 90 employees, this is similar to the industry average (90)
90 - 01320924 Limited
90 - Industry AVG
Pay Structure
on an average salary of £18.6k, the company has a lower pay structure (£28.5k)
£18.6k - 01320924 Limited
£28.5k - Industry AVG
Efficiency
resulting in sales per employee of £56.6k, this is less efficient (£91.4k)
£56.6k - 01320924 Limited
£91.4k - Industry AVG
Debtor Days
it gets paid by customers after 96 days, this is near the average (82 days)
96 days - 01320924 Limited
82 days - Industry AVG
Creditor Days
its suppliers are paid after -13001 days, this is quicker than average (76 days)
-13001 days - 01320924 Limited
76 days - Industry AVG
Stock Days
it holds stock equivalent to -5830 days, this is less than average (31 days)
-5830 days - 01320924 Limited
31 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (5 weeks)
0 weeks - 01320924 Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82.6%, this is a higher level of debt than the average (65.2%)
82.6% - 01320924 Limited
65.2% - Industry AVG
01320924 LIMITED financials
01320924 Limited's latest turnover from July 2011 is £5.1 million and the company has net assets of £479.7 thousand. According to their latest financial statements, 01320924 Limited has 90 employees and maintains cash reserves of £12.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|
| Turnover | 5,095,402 | 4,642,361 | 6,096,024 |
| Other Income Or Grants | |||
| Cost Of Sales | -35,442 | -214,503 | 243,685 |
| Gross Profit | 5,130,844 | 4,856,864 | 5,852,339 |
| Admin Expenses | 5,477,151 | 5,190,892 | 5,565,869 |
| Operating Profit | -346,307 | -334,028 | 286,470 |
| Interest Payable | 15,787 | 1,013 | |
| Interest Receivable | |||
| Pre-Tax Profit | -440,764 | -334,028 | 285,457 |
| Tax | 70,367 | 68,440 | -74,572 |
| Profit After Tax | -370,397 | -265,588 | 210,885 |
| Dividends Paid | 1,300,000 | ||
| Retained Profit | -1,670,397 | -265,588 | 210,885 |
| Employee Costs | 1,678,353 | 1,857,627 | 1,900,214 |
| Number Of Employees | 90 | 99 | 104 |
| EBITDA* | -261,166 | -255,233 | 394,795 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|
| Tangible Assets | 575,878 | 1,838,461 | 1,916,141 |
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 575,878 | 1,838,461 | 1,916,141 |
| Stock & work in progress | 566,183 | 530,741 | 316,238 |
| Trade Debtors | 1,353,758 | 917,904 | 857,836 |
| Group Debtors | 56,679 | ||
| Misc Debtors | 186,086 | 202,832 | 126,665 |
| Cash | 12,877 | 1,075 | 408,353 |
| misc current assets | |||
| total current assets | 2,175,583 | 1,652,552 | 1,709,092 |
| total assets | 2,751,461 | 3,491,013 | 3,625,233 |
| Bank overdraft | 243,091 | ||
| Bank loan | |||
| Trade Creditors | 1,262,462 | 776,501 | 569,831 |
| Group/Directors Accounts | 156,379 | 13,385 | 10,751 |
| other short term finances | 505,073 | ||
| hp & lease commitments | 7,062 | ||
| other current liabilities | 298,847 | 211,286 | 324,116 |
| total current liabilities | 2,229,823 | 1,244,263 | 904,698 |
| loans | |||
| hp & lease commitments | 16,387 | ||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | 25,572 | 96,674 | 104,871 |
| total long term liabilities | 41,959 | 96,674 | 104,871 |
| total liabilities | 2,271,782 | 1,340,937 | 1,009,569 |
| net assets | 479,679 | 2,150,076 | 2,615,664 |
| total shareholders funds | 479,679 | 2,150,076 | 2,615,664 |
| Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -346,307 | -334,028 | 286,470 |
| Depreciation | 85,141 | 78,795 | 108,325 |
| Amortisation | |||
| Tax | 70,367 | 68,440 | -74,572 |
| Stock | 35,442 | 214,503 | 316,238 |
| Debtors | 475,787 | 136,235 | 984,501 |
| Creditors | 485,961 | 206,670 | 569,831 |
| Accruals and Deferred Income | 87,561 | -112,830 | 324,116 |
| Deferred Taxes & Provisions | -71,102 | -8,197 | 104,871 |
| Cash flow from operations | -199,608 | -451,888 | 18,302 |
| Investing Activities | |||
| capital expenditure | 1,116,313 | -35,052 | -68,307 |
| Change in Investments | |||
| cash flow from investments | 1,116,313 | -35,052 | -68,307 |
| Financing Activities | |||
| Bank loans | |||
| Group/Directors Accounts | 142,994 | 2,634 | 10,751 |
| Other Short Term Loans | 505,073 | ||
| Long term loans | |||
| Hire Purchase and Lease Commitments | 23,449 | ||
| other long term liabilities | |||
| share issue | |||
| interest | -15,787 | -1,013 | |
| cash flow from financing | 655,729 | -197,366 | 2,414,517 |
| cash and cash equivalents | |||
| cash | 11,802 | -407,278 | 408,353 |
| overdraft | -243,091 | 243,091 | |
| change in cash | 254,893 | -650,369 | 408,353 |
01320924 limited Credit Report and Business Information
01320924 Limited Competitor Analysis
Perform a competitor analysis for 01320924 limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in M 2 area or any other competitors across 12 key performance metrics.
01320924 limited Ownership
01320924 LIMITED group structure
01320924 Limited has no subsidiary companies.
Ultimate parent company
01320924 LIMITED
01320924
01320924 limited directors
01320924 Limited currently has 6 directors. The longest serving directors include Mr Alexander Sellers (Mar 1992) and Mr John Beech (Nov 1997).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexander Sellers | 76 years | Mar 1992 | - | Director | |
| Mr John Beech | 83 years | Nov 1997 | - | Director | |
| Mr Alan Kennedy | 71 years | Nov 1997 | - | Director | |
| Mr Gary Birney | 64 years | Jan 2009 | - | Director | |
| Mr Kevin Philbin | 65 years | Apr 2011 | - | Director | |
| Mr Clive Gallagher | 60 years | Apr 2011 | - | Director |
P&L
July 2011turnover
5.1m
+10%
operating profit
-346.3k
+4%
gross margin
100.7%
-3.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2011net assets
479.7k
-0.78%
total assets
2.8m
-0.21%
cash
12.9k
+10.98%
net assets
Total assets minus all liabilities
01320924 limited company details
company number
01320924
Type
Private limited with Share Capital
industry
25290 - Manufacture of other tanks, reservoirs and containers of metal
incorporation date
July 1977
age
48
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
July 2011
previous names
sellers engineering limited (September 2018)
accountant
-
auditor
-
address
the chancery 58 spring gardens, manchester, M2 1EW
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
01320924 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 6 charges/mortgages relating to 01320924 limited. Currently there are 3 open charges and 3 have been satisfied in the past.
01320924 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.
Click to start generating capital raising & share issue transactions for 01320924 LIMITED. This can take several minutes, an email will notify you when this has completed.
01320924 limited Companies House Filings - See Documents
| date | description | view/download |
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