Charter Office Equipment Limited

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charter office equipment limited Company Information

Company Number

01953443

Next Accounts

Sep 2025

Directors

Derek Jenkins

Margaret Jenkins

Shareholders

d. jenkins

mrs m.a. jenkins

Group Structure

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Industry

Wholesale of other office machinery and equipment

Registered Address

charter house, 161 newhall street, birmingham, west midlands, B3 1SW

Website

www.charterofficeequipment.com

charter office equipment limited Estimated Valuation

£8.5m

Pomanda estimates the enterprise value of CHARTER OFFICE EQUIPMENT LIMITED at £8.5m based on Net Assets of £3.6m and 2.38x industry multiple (adjusted for liquidity).

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Charter Office Equipment Limited is a live company located in birmingham, B3 1SW with a Companies House number of 01953443. It operates in the wholesale of other office machinery and equipment sector, SIC Code 46660. Founded in October 1985, it's largest shareholder is d. jenkins with a 75% stake. Charter Office Equipment Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Charter Office Equipment Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£10.2m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (3.3%)

EXPORT

Charter Office Equipment Limited's latest turnover from December 2023 is estimated at £1.1 million and the company has net assets of £3.6 million. According to their latest financial statements, Charter Office Equipment Limited has 9 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,139,856	1,610,028	1,657,387	1,276,268	1,276,946	1,625,914	1,652,891	1,642,806	1,508,274	2,152,475	1,709,738	1,464,299	1,846,107	1,827,200
Other Income Or Grants
Cost Of Sales	772,226	1,076,520	1,126,098	859,517	839,172	1,113,617	1,120,038	1,106,030	1,037,280	1,478,037	1,177,384	1,022,493	1,298,476	1,282,577
Gross Profit	367,630	533,508	531,289	416,751	437,774	512,297	532,853	536,777	470,994	674,438	532,354	441,807	547,631	544,623
Admin Expenses	449,392	614,746	537,821	415,483	487,548	490,387	525,261	513,398	446,089	778,286	502,742	466,059	498,738	389,533	-4,553,966
Operating Profit	-81,762	-81,238	-6,532	1,268	-49,774	21,910	7,592	23,379	24,905	-103,848	29,612	-24,252	48,893	155,090	4,553,966
Interest Payable
Interest Receivable	135,459	89,424	6,620	2,704	20,422	20,572	13,771	6,916	13,342	12,949	12,991	12,749	12,290	11,424	5,365
Pre-Tax Profit	53,697	8,185	89	3,972	-29,352	42,481	21,363	30,295	38,248	-90,899	42,603	-11,503	61,182	166,514	4,559,331
Tax	-13,424	-1,555	-17	-755		-8,071	-4,059	-6,059	-7,649		-9,799		-15,907	-46,624	-1,276,613
Profit After Tax	40,273	6,630	72	3,217	-29,352	34,410	17,304	24,236	30,598	-90,899	32,804	-11,503	45,275	119,890	3,282,718
Dividends Paid
Retained Profit	40,273	6,630	72	3,217	-29,352	34,410	17,304	24,236	30,598	-90,899	32,804	-11,503	45,275	119,890	3,282,718
Employee Costs	478,646	671,061	550,240	487,016	455,251	507,890	458,931	473,561	326,895	433,526	399,865	307,285	427,052	417,098
Number Of Employees	9	13	13	12	11	12	13	14	9	12	10	8	11	11
EBITDA*	-53,613	-54,590	18,427	23,683	-25,974	45,115	33,217	49,550	52,088	-78,632	54,708	-152	72,913	183,934	4,586,144

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	658,901	673,750	688,479	713,438	735,632	742,024	765,229	790,854	817,870	830,078	764,600	781,586	794,320	821,435	857,044
Intangible Assets
Investments & Other	370,166	325,372	385,650	217,996	210,368	173,934	189,394	150,155	132,987	102,749	103,322	103,322	103,322	103,322	103,322
Debtors (Due After 1 year)
Total Fixed Assets	1,029,067	999,122	1,074,129	931,434	946,000	915,958	954,623	941,009	950,857	932,827	867,922	884,908	897,642	924,757	960,366
Stock & work in progress	26,263	91,481	70,173	64,795	66,624	100,992	75,672	67,582	79,318	52,168	39,813	44,338	29,021	30,131	36,308
Trade Debtors	204,912	267,872	324,857	185,177	203,950	247,987	261,983	277,535	336,063	380,142	302,780	242,384	353,396	396,017	590,528
Group Debtors
Misc Debtors	8,079	7,350	9,379	26,688	17,700	14,563	17,227	25,954	22,156
Cash	2,621,352	2,538,989	2,570,931	2,725,407	2,682,083	2,763,907	2,721,887	2,786,539	2,746,547	2,590,352	2,589,138	2,607,101	2,492,339	2,423,561	2,145,853
misc current assets
total current assets	2,860,606	2,905,692	2,975,340	3,002,067	2,970,357	3,127,449	3,076,769	3,157,610	3,184,084	3,022,662	2,931,731	2,893,823	2,874,756	2,849,709	2,772,689
total assets	3,889,673	3,904,814	4,049,469	3,933,501	3,916,357	4,043,407	4,031,392	4,098,619	4,134,941	3,955,489	3,799,653	3,778,731	3,772,398	3,774,466	3,733,055
Bank overdraft
Bank loan
Trade Creditors	116,161	223,437	277,036	240,935	235,483	230,079	241,694	258,395	274,455	553,262	305,560	317,898	301,318	347,507	424,806
Group/Directors Accounts								242,867	272,881
other short term finances
hp & lease commitments
other current liabilities	188,546	175,130	220,481	173,180	174,207	312,425	296,231	92,277	122,632
total current liabilities	304,707	398,567	497,517	414,115	409,690	542,504	537,925	593,539	669,968	553,262	305,560	317,898	301,318	347,507	424,806
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	19,325	7,692	14,180	11,500	10,065	1,333	8,930	14,035	11,899	3,942	4,909	4,453	3,197	4,351	5,531
total long term liabilities	19,325	7,692	14,180	11,500	10,065	1,333	8,930	14,035	11,899	3,942	4,909	4,453	3,197	4,351	5,531
total liabilities	324,032	406,259	511,697	425,615	419,755	543,837	546,855	607,574	681,867	557,204	310,469	322,351	304,515	351,858	430,337
net assets	3,565,641	3,498,555	3,537,772	3,507,886	3,496,602	3,499,570	3,484,537	3,491,045	3,453,074	3,398,285	3,489,184	3,456,380	3,467,883	3,422,608	3,302,718
total shareholders funds	3,565,641	3,498,555	3,537,772	3,507,886	3,496,602	3,499,570	3,484,537	3,491,045	3,453,074	3,398,285	3,489,184	3,456,380	3,467,883	3,422,608	3,302,718

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-81,762	-81,238	-6,532	1,268	-49,774	21,910	7,592	23,379	24,905	-103,848	29,612	-24,252	48,893	155,090	4,553,966
Depreciation	28,149	26,648	24,959	22,415	23,800	23,205	25,625	26,171	27,183	25,216	25,096	24,100	24,020	28,844	32,178
Amortisation
Tax	-13,424	-1,555	-17	-755		-8,071	-4,059	-6,059	-7,649		-9,799		-15,907	-46,624	-1,276,613
Stock	-65,218	21,308	5,378	-1,829	-34,368	25,320	8,090	-11,736	27,150	12,355	-4,525	15,317	-1,110	-6,177	36,308
Debtors	-62,231	-59,014	122,371	-9,785	-40,900	-16,660	-24,279	-54,730	-21,923	77,362	60,396	-111,012	-42,621	-194,511	590,528
Creditors	-107,276	-53,599	36,101	5,452	5,404	-11,615	-16,701	-16,060	-278,807	247,702	-12,338	16,580	-46,189	-77,299	424,806
Accruals and Deferred Income	13,416	-45,351	47,301	-1,027	-138,218	16,194	203,954	-30,355	122,632
Deferred Taxes & Provisions	11,633	-6,488	2,680	1,435	8,732	-7,597	-5,105	2,136	7,957	-967	456	1,256	-1,154	-1,180	5,531
Cash flow from operations	-21,815	-123,877	-23,257	40,402	-74,788	25,366	227,495	65,678	-109,006	78,386	-22,844	113,379	53,394	259,519	3,113,032
Investing Activities
capital expenditure	-13,300	-11,919		-221	-17,408			845	-14,975	-90,694	-8,110	-11,366	3,095	6,765	-889,222
Change in Investments	44,794	-60,278	167,654	7,628	36,434	-15,460	39,239	17,168	30,238	-573					103,322
cash flow from investments	-58,094	48,359	-167,654	-7,849	-53,842	15,460	-39,239	-16,323	-45,213	-90,121	-8,110	-11,366	3,095	6,765	-992,544
Financing Activities
Bank loans
Group/Directors Accounts							-242,867	-30,014	272,881
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue	26,813	-45,847	29,814	8,067	26,384	-19,377	-23,812	13,735	24,191						20,000
interest	135,459	89,424	6,620	2,704	20,422	20,572	13,771	6,916	13,342	12,949	12,991	12,749	12,290	11,424	5,365
cash flow from financing	162,272	43,577	36,434	10,771	46,806	1,195	-252,908	-9,363	310,414	12,949	12,991	12,749	12,290	11,424	25,365
cash and cash equivalents
cash	82,363	-31,942	-154,476	43,324	-81,824	42,020	-64,652	39,992	156,195	1,214	-17,963	114,762	68,778	277,708	2,145,853
overdraft
change in cash	82,363	-31,942	-154,476	43,324	-81,824	42,020	-64,652	39,992	156,195	1,214	-17,963	114,762	68,778	277,708	2,145,853

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for charter office equipment limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in B 3 area or any other competitors across 12 key performance metrics.

CHARTER OFFICE EQUIPMENT LIMITED group structure

Charter Office Equipment Limited has no subsidiary companies.

Ultimate parent company

CHARTER OFFICE EQUIPMENT LIMITED

01953443

CHARTER OFFICE EQUIPMENT LIMITED Shareholders

d. jenkins	75%
mrs m.a. jenkins	25%

Charter Office Equipment Limited currently has 2 directors. The longest serving directors include Mr Derek Jenkins (May 1992) and Mrs Margaret Jenkins (May 1992).

officer	country	age	start	end	role
Mr Derek Jenkins	United Kingdom	86 years	May 1992	-	Director
Mrs Margaret Jenkins		82 years	May 1992	-	Director

P&L

December 2023

turnover

1.1m

-29%

operating profit

-81.8k

gross margin

32.3%

-2.67%

turnover

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

Balance Sheet

December 2023

net assets

3.6m

+0.02%

total assets

3.9m

cash

2.6m

+0.03%

net assets

Total assets minus all liabilities

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company number

01953443

Type

Private limited with Share Capital

industry

46660 - Wholesale of other office machinery and equipment

incorporation date

October 1985

ultimate parent company

None

previous names

redet limited (December 1985)

address

charter house, 161 newhall street, birmingham, west midlands, B3 1SW

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charter office equipment limited Company Information

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charter office equipment limited Estimated Valuation

charter office equipment limited Estimated Valuation

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