uneek forwarding limited
uneek forwarding limited Company Information
Company Number
01559151
Website
https://www.uneek-group.comRegistered Address
unit 1 & 2, renwick industrial estate renwic, barking, essex, IG11 0SD
Industry
Other transportation support activities
Telephone
08438164685
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
kunjlata patel 12.5%
avinash raojibhai patel 12.5%
View Alluneek forwarding limited Estimated Valuation
Pomanda estimates the enterprise value of UNEEK FORWARDING LIMITED at £12.2m based on a Turnover of £20.6m and 0.59x industry multiple (adjusted for size and gross margin).
uneek forwarding limited Estimated Valuation
Pomanda estimates the enterprise value of UNEEK FORWARDING LIMITED at £4.7m based on an EBITDA of £1.2m and a 3.86x industry multiple (adjusted for size and gross margin).
uneek forwarding limited Estimated Valuation
Pomanda estimates the enterprise value of UNEEK FORWARDING LIMITED at £18.9m based on Net Assets of £9.6m and 1.96x industry multiple (adjusted for liquidity).
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Uneek Forwarding Limited Overview
Uneek Forwarding Limited is a live company located in barking, IG11 0SD with a Companies House number of 01559151. It operates in the other transportation support activities sector, SIC Code 52290. Founded in April 1981, it's largest shareholder is kunjlata patel with a 12.5% stake. Uneek Forwarding Limited is a mature, large sized company, Pomanda has estimated its turnover at £20.6m with high growth in recent years.
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Uneek Forwarding Limited Health Check
Pomanda's financial health check has awarded Uneek Forwarding Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
5 Strong
5 Regular
1 Weak
Size
annual sales of £20.6m, make it larger than the average company (£10.6m)
£20.6m - Uneek Forwarding Limited
£10.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (10.3%)
16% - Uneek Forwarding Limited
10.3% - Industry AVG
Production
with a gross margin of 17.2%, this company has a higher cost of product (21.9%)
17.2% - Uneek Forwarding Limited
21.9% - Industry AVG
Profitability
an operating margin of 5% make it as profitable than the average company (5.1%)
5% - Uneek Forwarding Limited
5.1% - Industry AVG
Employees
with 49 employees, this is similar to the industry average (42)
49 - Uneek Forwarding Limited
42 - Industry AVG
Pay Structure
on an average salary of £36.3k, the company has an equivalent pay structure (£42.9k)
£36.3k - Uneek Forwarding Limited
£42.9k - Industry AVG
Efficiency
resulting in sales per employee of £420.9k, this is more efficient (£246.6k)
£420.9k - Uneek Forwarding Limited
£246.6k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (47 days)
42 days - Uneek Forwarding Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 62 days, this is slower than average (39 days)
62 days - Uneek Forwarding Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Uneek Forwarding Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is average cash available to meet short term requirements (17 weeks)
16 weeks - Uneek Forwarding Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.9%, this is a lower level of debt than the average (64.2%)
28.9% - Uneek Forwarding Limited
64.2% - Industry AVG
UNEEK FORWARDING LIMITED financials
Uneek Forwarding Limited's latest turnover from March 2023 is £20.6 million and the company has net assets of £9.6 million. According to their latest financial statements, Uneek Forwarding Limited has 49 employees and maintains cash reserves of £1.1 million 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 | 20,621,996 | 24,954,215 | 19,737,580 | 13,201,145 | 13,968,946 | 12,724,029 | 10,296,485 | 8,674,585 | 10,802,410 | 10,602,645 | 9,796,447 | 9,216,674 | 10,992,399 | 8,396,331 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 17,065,992 | 21,315,584 | 16,415,118 | 10,553,887 | 11,449,547 | 10,451,007 | 8,106,603 | 6,665,572 | 8,749,618 | 8,372,884 | 7,528,372 | 6,868,172 | 8,666,574 | 6,285,128 |
| Gross Profit | 3,556,004 | 3,638,631 | 3,322,462 | 2,647,258 | 2,519,399 | 2,273,022 | 2,189,882 | 2,009,013 | 2,052,792 | 2,229,761 | 2,268,075 | 2,348,502 | 2,325,825 | 2,111,203 |
| Admin Expenses | 2,515,717 | 2,266,524 | 1,964,070 | 1,875,821 | 1,943,685 | 1,775,479 | 1,777,327 | 1,674,348 | 1,684,404 | 1,962,181 | 1,834,614 | 1,846,970 | 1,836,023 | 1,728,746 |
| Operating Profit | 1,040,287 | 1,372,107 | 1,358,392 | 771,437 | 575,714 | 497,543 | 412,555 | 334,665 | 368,388 | 267,580 | 433,461 | 501,532 | 489,802 | 382,457 |
| Interest Payable | 18,687 | 30,677 | 55,259 | 27,835 | 30,218 | 43,288 | 82,543 | 133,583 | 172,572 | 198,567 | 217,621 | 221,247 | 221,142 | 214,247 |
| Interest Receivable | 5,216 | 86 | 0 | 2 | 11,564 | 13,398 | 14,131 | 16,234 | 0 | 147 | 2 | 147 | 12 | 13 |
| Pre-Tax Profit | 1,056,991 | 1,310,703 | 1,264,617 | 775,849 | 557,060 | 467,653 | 344,143 | 217,316 | 211,826 | 198,186 | 215,842 | 280,432 | 268,672 | 168,223 |
| Tax | -224,732 | -235,742 | -256,390 | -146,008 | -111,204 | -63,368 | -91,892 | -64,210 | -69,423 | -63,495 | -75,512 | -97,933 | -96,741 | -67,595 |
| Profit After Tax | 832,259 | 1,074,961 | 1,008,227 | 629,841 | 445,856 | 404,285 | 252,251 | 153,106 | 142,403 | 134,691 | 140,330 | 182,499 | 171,931 | 100,628 |
| Dividends Paid | 327,000 | 327,000 | 309,500 | 222,000 | 222,000 | 222,000 | 222,000 | 222,000 | 180,000 | 132,500 | 120,000 | 120,000 | 77,000 | 68,400 |
| Retained Profit | 505,259 | 747,961 | 698,727 | 407,841 | 223,856 | 182,285 | 30,251 | -68,894 | -37,597 | 2,191 | 20,330 | 62,499 | 94,931 | 32,228 |
| Employee Costs | 1,780,959 | 1,725,342 | 1,499,708 | 1,477,886 | 1,364,743 | 1,275,625 | 1,246,731 | 1,189,563 | 1,231,658 | 1,152,124 | 1,169,594 | 1,238,263 | 1,185,770 | 1,113,160 |
| Number Of Employees | 49 | 48 | 52 | 50 | 49 | 48 | 47 | 45 | 47 | 43 | 30 | 26 | 45 | 47 |
| EBITDA* | 1,208,441 | 1,517,956 | 1,496,815 | 912,667 | 712,389 | 621,409 | 537,125 | 462,012 | 368,388 | 400,197 | 567,748 | 638,098 | 635,605 | 522,159 |
* 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 | 7,141,906 | 7,034,398 | 7,053,671 | 7,130,481 | 7,130,621 | 2,558,780 | 2,614,883 | 2,680,004 | 3,646,275 | 3,714,619 | 3,770,485 | 2,940,111 | 3,005,303 | 3,036,832 |
| Intangible Assets | 311,821 | 374,185 | 436,549 | 498,913 | 561,277 | 623,641 | 686,005 | 748,369 | 810,733 | 873,097 | 935,461 | 997,825 | 1,060,189 | 1,122,553 |
| Investments & Other | 1,831,152 | 1,718,325 | 1,730,294 | 1,754,467 | 1,474,156 | 1,455,635 | 1,345,524 | 1,334,757 | 433,443 | 160,360 | 148,933 | 903,028 | 1,252,128 | 1,217,128 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,284,879 | 9,126,908 | 9,220,514 | 9,383,861 | 9,166,054 | 4,638,056 | 4,646,412 | 4,763,130 | 4,890,451 | 4,748,076 | 4,854,879 | 4,840,964 | 5,317,620 | 5,376,513 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,390,002 | 4,763,632 | 5,076,539 | 3,608,741 | 4,737,525 | 3,628,814 | 3,006,523 | 2,299,551 | 2,421,928 | 2,559,075 | 2,228,390 | 2,004,925 | 2,080,256 | 1,867,612 |
| Group Debtors | 474,417 | 474,417 | 474,417 | 474,417 | 519,417 | 135,000 | 135,000 | 186,000 | 481,917 | 537,500 | 578,168 | 750,760 | 0 | 0 |
| Misc Debtors | 231,511 | 438,152 | 235,148 | 150,164 | 145,265 | 155,733 | 116,223 | 116,169 | 128,740 | 147,710 | 128,843 | 142,267 | 169,724 | 136,804 |
| Cash | 1,137,934 | 1,264,693 | 117,058 | 196,962 | 132,307 | 100,780 | 57,428 | 37,130 | 76,920 | 173,439 | 33,308 | 330,362 | 269,061 | 114,241 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,233,864 | 6,940,894 | 5,903,162 | 4,430,284 | 5,534,514 | 4,020,327 | 3,315,174 | 2,693,850 | 3,109,505 | 3,417,724 | 2,968,709 | 3,228,314 | 2,519,041 | 2,118,657 |
| total assets | 13,518,743 | 16,067,802 | 15,123,676 | 13,814,145 | 14,700,568 | 8,658,383 | 7,961,586 | 7,456,980 | 7,999,956 | 8,165,800 | 7,823,588 | 8,069,278 | 7,836,661 | 7,495,170 |
| Bank overdraft | 0 | 431,593 | 485,850 | 576,678 | 615,664 | 814,915 | 553,575 | 1,034,052 | 955,720 | 616,943 | 689,344 | 879,068 | 659,500 | 644,248 |
| Bank loan | 0 | 0 | 0 | 231,550 | 122,134 | 121,283 | 292,231 | 0 | 0 | 388,758 | 388,758 | 92,642 | 123,812 | 153,938 |
| Trade Creditors | 2,941,482 | 4,653,062 | 3,886,641 | 3,536,468 | 4,581,568 | 3,287,401 | 2,541,066 | 1,941,996 | 2,303,572 | 2,309,787 | 1,702,475 | 1,714,604 | 1,863,935 | 1,722,625 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 154 | 339,549 | 124,062 | 32,422 | 0 | 0 |
| other short term finances | 70,000 | 70,000 | 70,000 | 25,689 | 0 | 10,485 | 30,127 | 43,003 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 985 | 8,020 | 10,190 | 10,035 | 14,648 | 16,842 |
| other current liabilities | 489,230 | 477,674 | 637,575 | 437,555 | 478,109 | 399,267 | 588,801 | 336,181 | 217,763 | 150,372 | 201,667 | 173,678 | 473,215 | 340,836 |
| total current liabilities | 3,500,712 | 5,632,329 | 5,080,066 | 4,807,940 | 5,797,475 | 4,633,351 | 4,005,800 | 3,355,232 | 3,478,194 | 3,813,429 | 3,116,496 | 2,902,449 | 3,135,110 | 2,878,489 |
| loans | 364,214 | 1,315,679 | 1,722,815 | 1,315,234 | 1,525,955 | 1,523,092 | 1,801,383 | 1,699,271 | 0 | 2,113,821 | 2,465,198 | 3,066,962 | 2,652,121 | 2,672,327 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,715 | 16,905 | 26,939 | 12,419 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 276,000 | 2,310,313 | 0 | 0 | 0 | 0 | 0 |
| provisions | 38,202 | 4,056 | 0 | 0 | 0 | 0 | 19,925 | 22,250 | 26,761 | 27,831 | 31,651 | 35,210 | 37,239 | 41,614 |
| total long term liabilities | 402,416 | 1,319,735 | 1,722,815 | 1,315,234 | 1,525,955 | 1,523,092 | 1,821,308 | 1,997,521 | 2,337,074 | 2,141,652 | 2,503,564 | 3,119,077 | 2,716,299 | 2,726,360 |
| total liabilities | 3,903,128 | 6,952,064 | 6,802,881 | 6,123,174 | 7,323,430 | 6,156,443 | 5,827,108 | 5,352,753 | 5,815,268 | 5,955,081 | 5,620,060 | 6,021,526 | 5,851,409 | 5,604,849 |
| net assets | 9,615,615 | 9,115,738 | 8,320,795 | 7,690,971 | 7,377,138 | 2,501,940 | 2,134,478 | 2,104,227 | 2,184,688 | 2,210,719 | 2,203,528 | 2,047,752 | 1,985,252 | 1,890,321 |
| total shareholders funds | 9,615,615 | 9,115,738 | 8,320,795 | 7,690,971 | 7,377,138 | 2,501,940 | 2,134,478 | 2,104,227 | 2,184,688 | 2,210,719 | 2,203,528 | 2,047,752 | 1,985,252 | 1,890,321 |
| 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 | 1,040,287 | 1,372,107 | 1,358,392 | 771,437 | 575,714 | 497,543 | 412,555 | 334,665 | 368,388 | 267,580 | 433,461 | 501,532 | 489,802 | 382,457 |
| Depreciation | 105,790 | 83,485 | 76,059 | 78,866 | 74,311 | 61,502 | 62,206 | 64,983 | 70,253 | 71,923 | 74,202 | 83,439 | 77,338 | |
| Amortisation | 62,364 | 62,364 | 62,364 | 62,364 | 62,364 | 62,364 | 62,364 | 62,364 | 62,364 | 62,364 | 62,364 | 62,364 | 62,364 | |
| Tax | -224,732 | -235,742 | -256,390 | -146,008 | -111,204 | -63,368 | -91,892 | -64,210 | -69,423 | -63,495 | -75,512 | -97,933 | -96,741 | -67,595 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -2,580,271 | -109,903 | 1,552,782 | -1,168,885 | 1,482,660 | 661,801 | 656,026 | -430,865 | -211,700 | 308,884 | 37,449 | 647,972 | 245,564 | 2,004,416 |
| Creditors | -1,711,580 | 766,421 | 350,173 | -1,045,100 | 1,294,167 | 746,335 | 599,070 | -361,576 | -6,215 | 607,312 | -12,129 | -149,331 | 141,310 | 1,722,625 |
| Accruals and Deferred Income | 11,556 | -159,901 | 200,020 | -40,554 | 78,842 | -189,534 | 252,620 | 118,418 | 67,391 | -51,295 | 27,989 | -299,537 | 132,379 | 340,836 |
| Deferred Taxes & Provisions | 34,146 | 4,056 | 0 | 0 | 0 | -19,925 | -2,325 | -4,511 | -1,070 | -3,820 | -3,559 | -2,029 | -4,375 | 41,614 |
| Cash flow from operations | 1,898,102 | 2,002,693 | 237,836 | 849,890 | 491,534 | 433,116 | 638,572 | 580,998 | 580,015 | 467,088 | -558,704 | 562,614 | 555,223 | |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | -37,642 | -274,553 | 0 | -110,627 | -10,667 | 15,088 | 0 | -13,887 | -12,760 | -9,224 | -86,910 | -43,980 |
| Change in Investments | 112,827 | -11,969 | -24,173 | 280,311 | 18,521 | 110,111 | 10,767 | 901,314 | 273,083 | 11,427 | -754,095 | -349,100 | 35,000 | 1,217,128 |
| cash flow from investments | -112,827 | 11,969 | -13,469 | -554,864 | -18,521 | -220,738 | -21,434 | -886,226 | -273,083 | -25,314 | 741,335 | 339,876 | -121,910 | -1,261,108 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | -231,550 | 109,416 | 851 | -170,948 | 292,231 | 0 | -388,758 | 0 | 296,116 | -31,170 | -30,126 | 153,938 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -154 | -339,395 | 215,487 | 91,640 | 32,422 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 44,311 | 25,689 | -10,485 | -19,642 | -12,876 | 43,003 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -951,465 | -407,136 | 407,581 | -210,721 | 2,863 | -278,291 | 102,112 | 1,699,271 | -2,113,821 | -351,377 | -601,764 | 414,841 | -20,206 | 2,672,327 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -985 | -7,035 | -8,885 | -10,035 | -14,647 | 12,326 | 29,261 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -276,000 | -2,034,313 | 2,310,313 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -13,471 | -30,591 | -55,259 | -27,833 | -18,654 | -29,890 | -68,412 | -117,349 | -172,572 | -198,420 | -217,619 | -221,100 | -221,130 | -214,234 |
| cash flow from financing | -970,318 | -390,745 | 96,180 | -197,457 | 4,625,917 | -313,594 | 37,055 | -422,094 | -699,702 | -338,195 | -306,216 | 180,347 | -259,136 | 4,499,385 |
| cash and cash equivalents | ||||||||||||||
| cash | -126,759 | 1,147,635 | -79,904 | 64,655 | 31,527 | 43,352 | 20,298 | -39,790 | -96,519 | 140,131 | -297,054 | 61,301 | 154,820 | 114,241 |
| overdraft | -431,593 | -54,257 | -90,828 | -38,986 | -199,251 | 261,340 | -480,477 | 78,332 | 338,777 | -72,401 | -189,724 | 219,568 | 15,252 | 644,248 |
| change in cash | 304,834 | 1,201,892 | 10,924 | 103,641 | 230,778 | -217,988 | 500,775 | -118,122 | -435,296 | 212,532 | -107,330 | -158,267 | 139,568 | -530,007 |
uneek forwarding limited Credit Report and Business Information
Uneek Forwarding Limited Competitor Analysis
Perform a competitor analysis for uneek forwarding limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other large companies, companies in IG11 area or any other competitors across 12 key performance metrics.
uneek forwarding limited Ownership
UNEEK FORWARDING LIMITED group structure
Uneek Forwarding Limited has 1 subsidiary company.
Ultimate parent company
UNEEK FORWARDING LIMITED
01559151
1 subsidiary
uneek forwarding limited directors
Uneek Forwarding Limited currently has 4 directors. The longest serving directors include Mrs Varsha Patel (Dec 1990) and Mr Avinashkumar Patel (Dec 1990).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Varsha Patel | England | 68 years | Dec 1990 | - | Director |
| Mr Avinashkumar Patel | England | 74 years | Dec 1990 | - | Director |
| Mr Prakash Patel | 70 years | Dec 1990 | - | Director | |
| Mr Rajesh Patel | England | 67 years | Dec 1990 | - | Director |
P&L
March 2023turnover
20.6m
-17%
operating profit
1m
-24%
gross margin
17.3%
+18.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
9.6m
+0.05%
total assets
13.5m
-0.16%
cash
1.1m
-0.1%
net assets
Total assets minus all liabilities
uneek forwarding limited company details
company number
01559151
Type
Private limited with Share Capital
industry
52290 - Other transportation support activities
incorporation date
April 1981
age
43
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
AFFINITY ASSOCIATES LIMITED
address
unit 1 & 2, renwick industrial estate renwic, barking, essex, IG11 0SD
Bank
-
Legal Advisor
-
uneek forwarding 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 17 charges/mortgages relating to uneek forwarding limited. Currently there are 2 open charges and 15 have been satisfied in the past.
uneek forwarding limited Companies House Filings - See Documents
| date | description | view/download |
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