Glencrest Seatex Limited

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glencrest seatex limited Company Information

Live

MatureSmallHealthy

Company Number

01696729

Website

www.glencrestseatex.co.uk

Registered Address

1st floor 19 clifftown road, southend-on-sea, essex, SS1 1AB

Industry

Manufacture of other furniture

Wholesale of household goods (other than musical instruments) n.e.c.

Telephone

Next Accounts Due

16 days late

Group Structure

View All

Directors

Jack Whiteley32 Years

Stephen Potter9 Years

View All

Shareholders

jack percy whiteley 99.7%

steven kevin potter 0.3%

glencrest seatex limited Estimated Valuation

£3.1m

Pomanda estimates the enterprise value of GLENCREST SEATEX LIMITED at £3.1m based on Net Assets of £1.7m and 1.85x industry multiple (adjusted for liquidity).

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Glencrest Seatex Limited is a live company located in essex, SS1 1AB with a Companies House number of 01696729. It operates in the manufacture of other furniture sector, SIC Code 31090. Founded in February 1983, it's largest shareholder is jack percy whiteley with a 99.7% stake. Glencrest Seatex Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.7m with healthy growth in recent years.

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

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £4.7m, make it smaller than the average company (£15.2m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (3.7%)

EXPORT

Glencrest Seatex Limited's latest turnover from August 2022 is estimated at £4.7 million and the company has net assets of £1.7 million. According to their latest financial statements, Glencrest Seatex Limited has 13 employees and maintains cash reserves of £117.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	4,664,155	8,938,373	4,947,155	3,722,936	3,748,092	2,749,211	2,293,973	2,691,682	2,160,659	2,938,147	2,123,122	1,226,605	1,423,386	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,212,034	6,149,668	3,419,247	2,533,908	2,556,947	1,877,708	1,532,978	1,812,629	1,464,251	1,986,795	1,446,444	817,164	926,228	0
Gross Profit	1,452,120	2,788,705	1,527,908	1,189,028	1,191,145	871,503	760,995	879,053	696,408	951,352	676,678	409,441	497,158	0
Admin Expenses	1,449,399	2,106,390	1,334,355	1,047,140	1,216,160	891,143	773,256	721,699	626,651	979,029	537,405	318,434	505,072	-874,954
Operating Profit	2,721	682,315	193,553	141,888	-25,015	-19,640	-12,261	157,354	69,757	-27,677	139,273	91,007	-7,914	874,954
Interest Payable	18,109	18,900	18,490	8,016	0	0	0	0	0	0	0	0	0	0
Interest Receivable	2,026	181	135	144	70	169	299	826	870	594	702	571	159	2
Pre-Tax Profit	-13,362	663,596	175,198	134,017	-24,945	-19,471	-11,962	158,180	70,627	-27,083	139,975	91,578	-7,755	874,956
Tax	0	-126,083	-33,288	-25,463	0	0	0	-31,636	-14,832	0	-33,594	-23,810	0	-244,988
Profit After Tax	-13,362	537,513	141,910	108,554	-24,945	-19,471	-11,962	126,544	55,795	-27,083	106,381	67,768	-7,755	629,968
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-13,362	537,513	141,910	108,554	-24,945	-19,471	-11,962	126,544	55,795	-27,083	106,381	67,768	-7,755	629,968
Employee Costs	472,951	444,391	367,798	399,182	459,767	420,132	415,236	564,186	460,491	596,788	412,656	259,294	317,773	0
Number Of Employees	13	13	11	12	14	13	13	18	15	20	14	9	11	0
EBITDA*	11,015	694,126	210,605	158,168	-6,772	-1,607	378	168,920	78,499	-23,799	144,426	96,986	-570	881,777

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	61,128	77,108	106,831	120,133	105,038	130,763	104,378	63,198	50,129	50,175	25,053	31,176	37,502	43,816
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	61,128	77,108	106,831	120,133	105,038	130,763	104,378	63,198	50,129	50,175	25,053	31,176	37,502	43,816
Stock & work in progress	2,177,133	1,509,947	1,005,413	1,205,413	1,210,618	750,241	738,022	635,747	465,658	528,044	552,519	452,192	402,120	573,592
Trade Debtors	748,388	2,464,511	1,123,719	737,769	473,587	497,674	255,884	474,216	380,659	513,041	354,512	165,886	250,606	194,348
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	133,326	241,021	187,100	308,160	233,214	289,709	284,202	0	0	0	19,849	0	0	0
Cash	117,745	113,853	249,079	20,599	17,921	839	134,441	104,537	225,684	122,123	115,284	165,692	62,850	618
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,176,592	4,329,332	2,565,311	2,271,941	1,935,340	1,538,463	1,412,549	1,214,500	1,072,001	1,163,208	1,042,164	783,770	715,576	768,558
total assets	3,237,720	4,406,440	2,672,142	2,392,074	2,040,378	1,669,226	1,516,927	1,277,698	1,122,130	1,213,383	1,067,217	814,946	753,078	812,374
Bank overdraft	216,408	250,931	368,747	237,498	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	645,714	1,037,148	472,812	375,320	700,335	234,932	295,774	310,129	286,224	423,077	265,540	119,589	125,011	176,975
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	211	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	22,606	6,926	15,584	15,772	0	0	0	0	0	0	0
other current liabilities	695,020	1,420,728	674,711	716,527	408,525	453,230	239,376	0	0	0	0	0	0	0
total current liabilities	1,557,142	2,708,807	1,516,270	1,351,951	1,115,786	703,746	550,922	310,129	286,224	423,077	265,540	119,800	125,011	176,975
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	24,340	22,080	29,006	8,921	0	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	0	0	0	0	0	0	0	5,477	874	11,295	0	0	0	0
provisions	9,723	13,416	9,168	10,989	6,272	15,289	16,428	9,474	8,958	8,732	4,315	4,165	4,854	4,431
total long term liabilities	9,723	13,416	9,168	35,329	28,352	44,295	25,349	14,951	9,832	20,027	4,315	4,165	4,854	4,431
total liabilities	1,566,865	2,722,223	1,525,438	1,387,280	1,144,138	748,041	576,271	325,080	296,056	443,104	269,855	123,965	129,865	181,406
net assets	1,670,855	1,684,217	1,146,704	1,004,794	896,240	921,185	940,656	952,618	826,074	770,279	797,362	690,981	623,213	630,968
total shareholders funds	1,670,855	1,684,217	1,146,704	1,004,794	896,240	921,185	940,656	952,618	826,074	770,279	797,362	690,981	623,213	630,968

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	2,721	682,315	193,553	141,888	-25,015	-19,640	-12,261	157,354	69,757	-27,677	139,273	91,007	-7,914	874,954
Depreciation	8,294	11,811	17,052	16,280	18,243	18,033	12,639	11,566	8,742	3,878	5,153	5,979	7,344	6,823
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-126,083	-33,288	-25,463	0	0	0	-31,636	-14,832	0	-33,594	-23,810	0	-244,988
Stock	667,186	504,534	-200,000	-5,205	460,377	12,219	102,275	170,089	-62,386	-24,475	100,327	50,072	-171,472	573,592
Debtors	-1,823,818	1,394,713	264,890	339,128	-80,582	247,297	65,870	93,557	-132,382	138,680	208,475	-84,720	56,258	194,348
Creditors	-391,434	564,336	97,492	-325,015	465,403	-60,842	-14,355	23,905	-136,853	157,537	145,951	-5,422	-51,964	176,975
Accruals and Deferred Income	-725,708	746,017	-41,816	308,002	-44,705	213,854	239,376	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-3,693	4,248	-1,821	4,717	-9,017	-1,139	6,954	516	226	4,417	150	-689	423	4,431
Cash flow from operations	46,812	-16,603	166,282	-213,514	25,114	-109,250	64,208	-101,941	121,808	23,950	-51,869	101,713	63,103	50,255
Investing Activities
capital expenditure	7,686	17,912	-3,750	-31,375	7,482	-44,418	-53,819	-24,635	-8,696	-29,000	970	347	-1,030	-50,639
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	7,686	17,912	-3,750	-31,375	7,482	-44,418	-53,819	-24,635	-8,696	-29,000	970	347	-1,030	-50,639
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	-211	211	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	-46,946	17,940	-15,584	19,897	24,693	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-5,477	4,603	-10,421	11,295	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	-16,083	-18,719	-18,355	-7,872	70	169	299	826	870	594	702	571	159	2
cash flow from financing	-16,083	-18,719	-65,301	10,068	-15,514	20,066	19,515	5,429	-9,551	11,889	491	782	159	1,002
cash and cash equivalents
cash	3,892	-135,226	228,480	2,678	17,082	-133,602	29,904	-121,147	103,561	6,839	-50,408	102,842	62,232	618
overdraft	-34,523	-117,816	131,249	237,498	0	0	0	0	0	0	0	0	0	0
change in cash	38,415	-17,410	97,231	-234,820	17,082	-133,602	29,904	-121,147	103,561	6,839	-50,408	102,842	62,232	618

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLENCREST SEATEX LIMITED group structure

Glencrest Seatex Limited has no subsidiary companies.

Ultimate parent company

GLENCREST SEATEX LIMITED

01696729

GLENCREST SEATEX LIMITED Shareholders

jack percy whiteley	99.7%
steven kevin potter	0.3%

Glencrest Seatex Limited currently has 4 directors. The longest serving directors include Mr Jack Whiteley (Oct 1991) and Mr Stephen Potter (Feb 2015).

officer	country	age	start	end	role
Mr Jack Whiteley	England	76 years	Oct 1991	-	Director
Mr Stephen Potter	United Kingdom	51 years	Feb 2015	-	Director
Ms Sara Blake	United Kingdom	58 years	Mar 2024	-	Director
Mr Martin Hughes	United Kingdom	50 years	Apr 2024	-	Director

P&L

August 2022

turnover

4.7m

-48%

operating profit

2.7k

gross margin

31.2%

-0.21%

turnover

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

Balance Sheet

August 2022

net assets

1.7m

-0.01%

total assets

3.2m

-0.27%

cash

117.7k

+0.03%

net assets

Total assets minus all liabilities

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company number

01696729

Type

Private limited with Share Capital

industry

31090 - Manufacture of other furniture

46499 - Wholesale of household goods (other than musical instruments) n.e.c.

incorporation date

February 1983

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

glencrest limited (October 1995)

incorporated

address

1st floor 19 clifftown road, southend-on-sea, essex, SS1 1AB

last accounts submitted

August 2022

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 10 charges/mortgages relating to glencrest seatex limited. Currently there are 7 open charges and 3 have been satisfied in the past.

glencrest seatex limited Company Information

glencrest seatex limited Estimated Valuation

glencrest seatex limited Estimated Valuation

glencrest seatex limited Estimated Valuation

Glencrest Seatex Limited Overview

Glencrest Seatex Limited Health Check

GLENCREST SEATEX LIMITED financials

glencrest seatex limited Credit Report and Business Information

Glencrest Seatex Limited Competitor Analysis

glencrest seatex limited Ownership

glencrest seatex limited directors

glencrest seatex limited company details

glencrest seatex limited Charges & Mortgages

glencrest seatex limited Companies House Filings - See Documents