Evercut Tools Limited

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evercut tools limited Company Information

Live

MatureMicroDeclining

Company Number

01798788

Website

www.evercuttools.co.uk

Registered Address

suite a old bank buildings, upper high street, cradley heath, west midlands, B64 5HY

Industry

Manufacture of tools

Telephone

01215596596

Next Accounts Due

May 2025

Group Structure

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Directors

Peter Jardine33 Years

Nicholas Jardine33 Years

Shareholders

nicholas jardine 50%

peter jardine 50%

evercut tools limited Estimated Valuation

£39.5k

Pomanda estimates the enterprise value of EVERCUT TOOLS LIMITED at £39.5k based on a Turnover of £92.6k and 0.43x industry multiple (adjusted for size and gross margin).

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Evercut Tools Limited is a live company located in cradley heath, B64 5HY with a Companies House number of 01798788. It operates in the manufacture of tools sector, SIC Code 25730. Founded in March 1984, it's largest shareholder is nicholas jardine with a 50% stake. Evercut Tools Limited is a mature, micro sized company, Pomanda has estimated its turnover at £92.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Evercut Tools Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £92.6k, make it smaller than the average company (£8.6m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (-0.5%)

EXPORT

Evercut Tools Limited's latest turnover from August 2023 is estimated at £92.6 thousand and the company has net assets of £11.1 thousand. According to their latest financial statements, Evercut Tools Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	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	92,569	110,844	147,869	133,880	149,677	90,370	81,433	88,217	75,480	129,591	66,495	60,947	71,819	69,164	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	70,508	81,674	112,085	98,767	109,539	66,127	15,514	13,477	57,149	96,568	51,354	45,685	54,334	51,440	0
Gross Profit	22,061	29,170	35,783	35,113	40,138	24,243	65,919	74,740	18,331	33,023	15,141	15,262	17,486	17,724	0
Admin Expenses	28,478	32,583	34,623	35,483	39,831	9,291	60,224	67,802	32,877	19,411	19,117	16,694	8,521	17,595	-2,991
Operating Profit	-6,417	-3,413	1,160	-370	307	14,952	5,695	6,938	-14,546	13,612	-3,976	-1,432	8,965	129	2,991
Interest Payable	0	0	0	0	0	209	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	63	86	0	0	43	39	41	42	38	35	16
Pre-Tax Profit	-6,417	-3,413	1,160	-370	370	14,828	5,695	6,938	-14,503	13,651	-3,935	-1,390	9,003	164	3,007
Tax	0	0	-220	0	-70	-2,817	-1,122	-1,406	0	-2,867	0	0	-2,341	-46	-842
Profit After Tax	-6,417	-3,413	940	-370	300	12,011	4,573	5,532	-14,503	10,784	-3,935	-1,390	6,662	118	2,165
Dividends Paid	0	0	0	0	0	0	0	2,000	0	0	0	0	0	0	0
Retained Profit	-6,417	-3,413	940	-370	300	12,011	4,573	3,532	-14,503	10,784	-3,935	-1,390	6,662	118	2,165
Employee Costs	90,024	85,447	79,042	113,108	119,151	114,053	103,128	106,951	37,256	33,867	33,047	32,113	29,775	26,331	0
Number Of Employees	2	2	2	3	3	3	3	3	1	1	1	1	1	1	0
EBITDA*	-6,417	-3,413	1,160	-370	307	15,037	5,767	7,010	-14,456	13,724	-3,893	-1,330	9,093	342	3,277

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	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	15,717	19,645	176	221	276	344	228	285	357	447	326	409	511	639	852
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	15,717	19,645	176	221	276	344	228	285	357	447	326	409	511	639	852
Stock & work in progress	0	0	0	0	0	2,127	1,452	1,646	2,093	1,910	1,907	2,229	2,049	1,242	1,347
Trade Debtors	16,388	25,221	52,919	28,879	34,656	18,972	21,272	16,267	18,827	37,507	17,652	17,203	22,896	20,004	19,439
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	16,851	6,069	7,667	9,064	7,960	7,473	8,852	7,848	7,243	6,560
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	16,388	25,221	52,919	28,879	34,656	37,950	28,793	25,580	29,984	47,377	27,032	28,284	32,793	28,489	27,346
total assets	32,105	44,866	53,095	29,100	34,932	38,294	29,021	25,865	30,341	47,824	27,358	28,693	33,304	29,128	28,198
Bank overdraft	0	0	0	0	0	0	6,200	7,907	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	8,534	10,385	8,208	7,713	13,175	4,681	4,702	4,382	30,340	33,320	23,638	21,038	24,259	26,745	25,933
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	13,496	10,013	10,043	0	0	0	0	0	0	0
total current liabilities	8,534	10,385	8,208	7,713	13,175	18,177	20,915	22,332	30,340	33,320	23,638	21,038	24,259	26,745	25,933
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	1,200	1,200	1,200	1,440	1,440	0	0	0	0	0	0	0	0	0	0
other liabilities	11,314	15,807	22,800	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	12,514	17,007	24,000	1,440	1,440	0	0	0	0	0	0	0	0	0	0
total liabilities	21,048	27,392	32,208	9,153	14,615	18,177	20,915	22,332	30,340	33,320	23,638	21,038	24,259	26,745	25,933
net assets	11,057	17,474	20,887	19,947	20,317	20,117	8,106	3,533	1	14,504	3,720	7,655	9,045	2,383	2,265
total shareholders funds	11,057	17,474	20,887	19,947	20,317	20,117	8,106	3,533	1	14,504	3,720	7,655	9,045	2,383	2,265

	Aug 2023	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	-6,417	-3,413	1,160	-370	307	14,952	5,695	6,938	-14,546	13,612	-3,976	-1,432	8,965	129	2,991
Depreciation	0	0	0	0	0	85	72	72	90	112	83	102	128	213	286
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-220	0	-70	-2,817	-1,122	-1,406	0	-2,867	0	0	-2,341	-46	-842
Stock	0	0	0	0	-2,127	675	-194	-447	183	3	-322	180	807	-105	1,347
Debtors	-8,833	-27,698	24,040	-5,777	15,684	-2,300	5,005	-2,560	-18,680	19,855	449	-5,693	2,892	565	19,439
Creditors	-1,851	2,177	495	-5,462	8,494	-21	320	-25,958	-2,980	9,682	2,600	-3,221	-2,486	812	25,933
Accruals and Deferred Income	0	0	-240	0	-12,056	3,483	-30	10,043	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	565	26,462	-22,845	-55	-16,882	17,307	124	-7,304	1,061	681	-1,420	962	567	648	7,582
Investing Activities
capital expenditure	3,928	-19,469	45	55	68	-201	-15	0	0	-233	0	0	0	0	-1,138
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	3,928	-19,469	45	55	68	-201	-15	0	0	-233	0	0	0	0	-1,138
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-4,493	-6,993	22,800	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	-100	0	0	0	0	0	0	0	0	0	100
interest	0	0	0	0	63	-123	0	0	43	39	41	42	38	35	16
cash flow from financing	-4,493	-6,993	22,800	0	-37	-123	0	0	43	39	41	42	38	35	116
cash and cash equivalents
cash	0	0	0	0	-16,851	10,782	-1,598	-1,397	1,104	487	-1,379	1,004	605	683	6,560
overdraft	0	0	0	0	0	-6,200	-1,707	7,907	0	0	0	0	0	0	0
change in cash	0	0	0	0	-16,851	16,982	109	-9,304	1,104	487	-1,379	1,004	605	683	6,560

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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EVERCUT TOOLS LIMITED group structure

Evercut Tools Limited has no subsidiary companies.

Ultimate parent company

EVERCUT TOOLS LIMITED

01798788

EVERCUT TOOLS LIMITED Shareholders

nicholas jardine	50%
peter jardine	50%

Evercut Tools Limited currently has 2 directors. The longest serving directors include Mr Peter Jardine (Aug 1991) and Mr Nicholas Jardine (Aug 1991).

officer	country	age	start	end	role
Mr Peter Jardine	United Kingdom	68 years	Aug 1991	-	Director
Mr Nicholas Jardine	United Kingdom	60 years	Aug 1991	-	Director

P&L

August 2023

turnover

92.6k

-16%

operating profit

-6.4k

gross margin

23.9%

-9.44%

turnover

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

Balance Sheet

August 2023

net assets

11.1k

-0.37%

total assets

32.1k

-0.28%

cash

net assets

Total assets minus all liabilities

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company number

01798788

Type

Private limited with Share Capital

industry

25730 - Manufacture of tools

incorporation date

March 1984

ultimate parent company

None

previous names

N/A

address

suite a old bank buildings, upper high street, cradley heath, west midlands, B64 5HY

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.

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evercut tools limited Company Information

evercut tools limited Estimated Valuation

evercut tools limited Estimated Valuation

evercut tools limited Estimated Valuation

Evercut Tools Limited Overview

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EVERCUT TOOLS LIMITED financials

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