Pomanda estimates the enterprise value of SOLOMON COMMERCIALS LIMITED at £29.4m based on a Turnover of £68.9m and 0.43x industry multiple (adjusted for size and gross margin).
solomon commercials limitedEstimated Valuation
£13.1m
Pomanda estimates the enterprise value of SOLOMON COMMERCIALS LIMITED at £13.1m based on an EBITDA of £2.5m and a 5.24x industry multiple (adjusted for size and gross margin).
solomon commercials limitedEstimated Valuation
£13.4m
Pomanda estimates the enterprise value of SOLOMON COMMERCIALS LIMITED at £13.4m based on Net Assets of £6.1m and 2.18x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Solomon Commercials LimitedOverview
Solomon Commercials Limited is a live company located in rossendale, BB4 4RX with a Companies House number of 01555887. It operates in the manufacture of bodies (coachwork) for motor vehicles (except caravans) sector, SIC Code 29201. Founded in April 1981, it's largest shareholder is
solcomm ltd
with a 100% stake. Solomon Commercials Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£68.9m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Solomon Commercials Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
5 Regular
4 Weak
Size
annual sales of £68.9m, make it larger than the average company (£19.4m)
£68.9m - Solomon Commercials Limited
£19.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a similar rate (14.8%)
15% - Solomon Commercials Limited
14.8% - Industry AVG
Production
with a gross margin of 7.3%, this company has a higher cost of product (18.3%)
7.3% - Solomon Commercials Limited
18.3% - Industry AVG
Profitability
an operating margin of 3% make it less profitable than the average company (5.4%)
3% - Solomon Commercials Limited
5.4% - Industry AVG
Employees
with 403 employees, this is above the industry average (109)
403 - Solomon Commercials Limited
109 - Industry AVG
Pay Structure
on an average salary of £40.9k, the company has an equivalent pay structure (£38.7k)
£40.9k - Solomon Commercials Limited
£38.7k - Industry AVG
Efficiency
resulting in sales per employee of £171k, this is equally as efficient (£196.3k)
£171k - Solomon Commercials Limited
£196.3k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is later than average (42 days)
55 days - Solomon Commercials Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 72 days, this is slower than average (51 days)
72 days - Solomon Commercials Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 70 days, this is in line with average (67 days)
70 days - Solomon Commercials Limited
67 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 - Solomon Commercials Limited
5 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.1%, this is a similar level of debt than the average (70.6%)
77.1% - Solomon Commercials Limited
70.6% - Industry AVG
SOLOMON COMMERCIALS LIMITED financials
EXPORT
Solomon Commercials Limited's latest turnover from April 2024 is £68.9 million and the company has net assets of £6.1 million. According to their latest financial statements, Solomon Commercials Limited has 403 employees and maintains cash reserves of £38.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Turnover
68,922,571
65,300,174
54,030,946
45,328,548
55,489,245
53,944,560
44,661,267
46,682,534
58,033,461
47,273,768
53,292,145
43,200,477
36,969,620
29,950,222
14,732,075
Other Income Or Grants
Cost Of Sales
63,887,823
59,439,083
48,267,526
39,311,830
49,523,386
47,737,457
40,318,603
41,927,502
49,355,009
40,497,331
46,160,112
35,710,453
31,302,698
26,495,876
12,927,934
Gross Profit
5,034,748
5,861,091
5,763,420
6,016,718
5,965,859
6,207,103
4,342,664
4,755,032
8,678,452
6,776,437
7,132,033
7,490,024
5,666,922
3,454,346
1,804,141
Admin Expenses
2,938,788
4,787,828
4,512,838
2,929,469
3,739,344
3,752,377
3,228,570
3,542,696
3,317,138
2,903,329
2,853,618
2,524,238
1,812,721
1,453,623
1,185,222
Operating Profit
2,095,960
1,073,263
1,250,582
3,087,249
2,226,515
2,454,726
1,114,094
1,212,336
5,361,314
3,873,108
4,278,415
4,965,786
3,854,201
2,000,723
618,919
Interest Payable
556,914
356,731
118,420
50,075
120,859
93,661
105,983
88,938
79,861
42,131
27,826
155,997
104,275
90,844
100,948
Interest Receivable
724
187
5
6
169
837
56
285
321
2,095
7,716
11,448
3,935
727
1,164
Pre-Tax Profit
1,539,770
716,719
1,132,167
3,037,180
2,105,825
2,361,902
1,008,167
1,123,683
5,281,774
3,833,072
4,258,305
8,009,864
3,753,861
1,910,606
519,135
Tax
-390,701
-127,726
-232,758
-555,627
-400,290
-430,672
-194,912
-217,943
-1,064,563
-818,367
-973,952
-1,164,581
-896,195
-609,277
-141,786
Profit After Tax
1,149,069
588,993
899,409
2,481,553
1,705,535
1,931,230
813,255
905,740
4,217,211
3,014,705
3,284,353
6,845,283
2,857,666
1,301,329
377,349
Dividends Paid
100,000
2,094,000
1,600,000
1,600,000
1,000,000
7,060,000
5,203,400
3,550,000
2,448,000
1,275,000
357,000
Retained Profit
1,049,069
588,993
-1,194,591
2,481,553
105,535
331,230
813,255
-94,260
-2,842,789
-2,188,695
-265,647
6,845,283
409,666
26,329
20,349
Employee Costs
16,481,751
14,734,064
13,574,252
11,579,724
13,273,471
11,838,883
9,368,413
8,941,482
11,413,792
9,932,655
9,689,015
8,059,245
7,001,587
5,731,463
3,214,377
Number Of Employees
403
394
382
298
298
293
219
338
405
365
306
271
231
181
133
EBITDA*
2,492,692
1,474,302
1,705,693
3,578,598
2,703,970
2,924,612
1,540,916
1,608,757
5,818,807
4,365,235
4,746,471
5,338,917
4,105,516
2,167,370
728,808
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Tangible Assets
2,438,482
2,490,637
2,710,477
2,670,708
2,314,156
2,448,253
2,236,039
2,289,887
2,397,500
2,312,346
2,278,963
1,688,380
1,145,591
669,982
402,264
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
2,438,482
2,490,637
2,710,477
2,670,708
2,314,156
2,448,253
2,236,039
2,289,887
2,397,500
2,312,346
2,278,963
1,688,380
1,145,591
669,982
402,264
Stock & work in progress
12,300,072
11,113,108
8,266,726
5,064,695
6,448,028
3,754,438
3,979,746
3,013,823
3,875,781
4,055,263
3,051,009
2,644,801
3,212,668
2,702,253
1,912,120
Trade Debtors
10,484,355
13,846,981
9,579,361
7,761,052
8,081,108
9,232,846
7,718,103
8,752,592
8,388,395
11,754,975
11,607,490
8,107,844
5,961,153
5,177,162
2,981,672
Group Debtors
475,472
671,011
Misc Debtors
1,603,278
1,037,434
407,213
343,599
848,307
216,100
99,994
130,453
146,006
1,938,342
2,707,460
102,707
36,253
158,492
119,324
Cash
38,880
50,502
56,363
249,637
82,034
119,704
413,464
349,919
1,224,645
450,110
733,850
1,085,963
473,417
537
103,203
misc current assets
total current assets
24,426,585
26,048,025
18,785,135
13,418,983
15,459,477
13,994,099
12,211,307
12,246,787
13,634,827
18,198,690
18,099,809
11,941,315
9,683,491
8,038,444
5,116,319
total assets
26,865,067
28,538,662
21,495,612
16,089,691
17,773,633
16,442,352
14,447,346
14,536,674
16,032,327
20,511,036
20,378,772
13,629,695
10,829,082
8,708,426
5,518,583
Bank overdraft
5,114,747
3,693,485
308,853
Bank loan
Trade Creditors
12,775,380
13,663,813
9,370,298
7,052,248
9,115,712
8,043,425
8,012,364
5,621,430
8,673,840
5,594,774
6,013,317
3,275,335
3,162,234
2,863,846
1,513,008
Group/Directors Accounts
581,381
335,273
1,940,264
2,000,000
7,483
7,483
other short term finances
20,292
hp & lease commitments
42,048
67,232
67,232
56,968
56,968
765
9,184
other current liabilities
7,652,767
9,494,540
7,302,431
3,118,443
5,274,612
5,165,276
2,915,420
6,385,662
3,054,741
2,607,349
3,255,069
2,956,632
2,047,883
1,801,757
853,287
total current liabilities
20,428,147
23,158,353
16,672,729
10,170,691
14,390,324
13,208,701
11,551,213
12,409,597
13,736,077
15,373,838
13,018,839
6,232,732
5,219,301
5,002,231
2,373,778
loans
5,045,231
3,553,273
3,032,580
hp & lease commitments
42,048
109,280
146,575
203,544
765
Accruals and Deferred Income
other liabilities
provisions
292,665
285,123
316,687
218,213
164,075
119,952
113,664
115,815
123,496
84,360
61,431
36,358
48,462
47,265
32,897
total long term liabilities
292,665
285,123
316,687
218,213
164,075
119,952
113,664
157,863
232,776
230,935
264,975
36,358
5,094,458
3,600,538
3,065,477
total liabilities
20,720,812
23,443,476
16,989,416
10,388,904
14,554,399
13,328,653
11,664,877
12,567,460
13,968,853
15,604,773
13,283,814
6,269,090
10,313,759
8,602,769
5,439,255
net assets
6,144,255
5,095,186
4,506,196
5,700,787
3,219,234
3,113,699
2,782,469
1,969,214
2,063,474
4,906,263
7,094,958
7,360,605
515,323
105,657
79,328
total shareholders funds
6,144,255
5,095,186
4,506,196
5,700,787
3,219,234
3,113,699
2,782,469
1,969,214
2,063,474
4,906,263
7,094,958
7,360,605
515,323
105,657
79,328
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Operating Activities
Operating Profit
2,095,960
1,073,263
1,250,582
3,087,249
2,226,515
2,454,726
1,114,094
1,212,336
5,361,314
3,873,108
4,278,415
4,965,786
3,854,201
2,000,723
618,919
Depreciation
396,732
401,039
455,111
491,349
477,455
469,886
426,822
396,421
457,493
492,127
468,056
373,131
251,315
166,647
109,889
Amortisation
Tax
-390,701
-127,726
-232,758
-555,627
-400,290
-430,672
-194,912
-217,943
-1,064,563
-818,367
-973,952
-1,164,581
-896,195
-609,277
-141,786
Stock
1,186,964
2,846,382
3,202,031
-1,383,333
2,693,590
-225,308
965,923
-861,958
-179,482
1,004,254
406,208
-567,867
510,415
790,133
1,912,120
Debtors
-2,796,782
4,422,369
2,357,395
-824,764
-1,190,542
2,301,860
-1,064,948
348,644
-5,158,916
-621,633
6,104,399
2,213,145
661,752
2,234,658
3,100,996
Creditors
-888,433
4,293,515
2,318,050
-2,063,464
1,072,287
31,061
2,390,934
-3,052,410
3,079,066
-418,543
2,737,982
113,101
298,388
1,350,838
1,513,008
Accruals and Deferred Income
-1,841,773
2,192,109
4,183,988
-2,156,169
109,336
2,249,856
-3,470,242
3,330,921
447,392
-647,720
298,437
908,749
246,126
948,470
853,287
Deferred Taxes & Provisions
7,542
-31,564
98,474
54,138
44,123
6,288
-2,151
-7,681
39,136
22,929
25,073
-12,104
1,197
14,368
32,897
Cash flow from operations
989,145
531,885
2,514,021
1,065,573
2,026,378
2,704,593
363,570
2,174,958
13,658,236
2,120,913
323,404
3,538,804
2,582,865
846,978
-2,026,902
Investing Activities
capital expenditure
-344,577
-181,199
-494,880
-847,901
-343,358
-682,100
-372,974
-288,808
-542,647
-525,510
-1,058,639
-915,920
-733,314
-434,365
-137,509
Change in Investments
cash flow from investments
-344,577
-181,199
-494,880
-847,901
-343,358
-682,100
-372,974
-288,808
-542,647
-525,510
-1,058,639
-915,920
-733,314
-434,365
-137,509
Financing Activities
Bank loans
Group/Directors Accounts
-581,381
246,108
-1,604,991
-59,736
2,000,000
-7,483
7,483
Other Short Term Loans
-20,292
20,292
Long term loans
-5,045,231
1,491,958
520,693
3,032,580
Hire Purchase and Lease Commitments
-42,048
-67,232
-67,232
-27,031
-56,969
259,747
-9,184
9,949
other long term liabilities
share issue
-3
-1
58,979
interest
-556,190
-356,544
-118,415
-50,069
-120,690
-92,824
-105,927
-88,653
-79,540
-40,036
-20,110
-144,549
-100,340
-90,117
-99,784
cash flow from financing
-556,190
-356,547
-118,415
-50,069
-120,690
-716,253
72,949
-1,760,876
-166,307
1,902,995
239,637
-5,198,965
1,373,792
450,868
2,999,258
cash and cash equivalents
cash
-11,622
-5,861
-193,274
167,603
-37,670
-293,760
63,545
-874,726
774,535
-283,740
-352,113
612,546
472,880
-102,666
103,203
overdraft
-5,114,747
1,421,262
3,693,485
-308,853
308,853
change in cash
-11,622
-5,861
-193,274
167,603
-37,670
-293,760
63,545
-874,726
5,889,282
-1,705,002
-4,045,598
612,546
781,733
-411,519
103,203
solomon commercials limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for solomon commercials limited. Get real-time insights into solomon commercials limited's credit score, group structure and payment trends.
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solomon commercials limited Ownership
SOLOMON COMMERCIALS LIMITED group structure
Solomon Commercials Limited has no subsidiary companies.
The sole shareholder of Solomon Commercials Limited is Solcomm Ltd.
solcomm ltd
100%
solomon commercials limited directors
Solomon Commercials Limited currently has 7 directors.
The longest serving directors include
Mr Raymond Solomon (Sep 1991) and
Mrs Susan Solomon (Sep 1991).
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 solomon commercials limited. Currently there are 3 open charges and 0 have been satisfied in the past.
solomon commercials 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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solomon commercials limitedCompanies House Filings - See Documents
