creative technology limited
creative technology limited Company Information
Company Number
02039109
Website
http://www.avesco.comRegistered Address
units 2 - 4 manor gate, manor royal, crawley, RH10 9SX
Industry
Other business support service activities n.e.c.
Renting and leasing of media entertainment equipment
Telephone
01293583400
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
creative technology eme limited 100%
creative technology limited Estimated Valuation
Pomanda estimates the enterprise value of CREATIVE TECHNOLOGY LIMITED at £54.6m based on a Turnover of £51.5m and 1.06x industry multiple (adjusted for size and gross margin).
creative technology limited Estimated Valuation
Pomanda estimates the enterprise value of CREATIVE TECHNOLOGY LIMITED at £63.8m based on an EBITDA of £9.5m and a 6.71x industry multiple (adjusted for size and gross margin).
creative technology limited Estimated Valuation
Pomanda estimates the enterprise value of CREATIVE TECHNOLOGY LIMITED at £41.8m based on Net Assets of £18.6m and 2.25x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Creative Technology Limited Overview
Creative Technology Limited is a live company located in crawley, RH10 9SX with a Companies House number of 02039109. It operates in the renting and leasing of media entertainment equipment sector, SIC Code 77291. Founded in July 1986, it's largest shareholder is creative technology eme limited with a 100% stake. Creative Technology Limited is a mature, large sized company, Pomanda has estimated its turnover at £51.5m with healthy growth in recent years.
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Creative Technology Limited Health Check
Pomanda's financial health check has awarded Creative Technology Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £51.5m, make it larger than the average company (£7.5m)
£51.5m - Creative Technology Limited
£7.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (1.4%)
10% - Creative Technology Limited
1.4% - Industry AVG
Production
with a gross margin of 35.2%, this company has a comparable cost of product (38.9%)
35.2% - Creative Technology Limited
38.9% - Industry AVG
Profitability
an operating margin of 6.2% make it as profitable than the average company (6.7%)
6.2% - Creative Technology Limited
6.7% - Industry AVG
Employees
with 166 employees, this is above the industry average (47)
166 - Creative Technology Limited
47 - Industry AVG
Pay Structure
on an average salary of £61.7k, the company has a higher pay structure (£47.8k)
£61.7k - Creative Technology Limited
£47.8k - Industry AVG
Efficiency
resulting in sales per employee of £310.3k, this is more efficient (£175.6k)
£310.3k - Creative Technology Limited
£175.6k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is later than average (33 days)
45 days - Creative Technology Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (29 days)
10 days - Creative Technology Limited
29 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (21 days)
0 days - Creative Technology Limited
21 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (17 weeks)
0 weeks - Creative Technology Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.3%, this is a lower level of debt than the average (69.7%)
56.3% - Creative Technology Limited
69.7% - Industry AVG
CREATIVE TECHNOLOGY LIMITED financials
Creative Technology Limited's latest turnover from December 2022 is £51.5 million and the company has net assets of £18.6 million. According to their latest financial statements, Creative Technology Limited has 166 employees and maintains cash reserves of £10 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 51,510,000 | 36,954,000 | 16,280,000 | 38,420,000 | 43,090,000 | 39,613,000 | 30,339,000 | 22,069,000 | 22,362,000 | 21,029,000 | 30,264,000 | 22,195,000 | 20,603,000 | 16,112,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 33,377,000 | 24,744,000 | 13,487,000 | 24,770,000 | 26,424,000 | 27,268,000 | 18,683,000 | 14,165,000 | 15,084,000 | 13,533,000 | 20,493,000 | 15,444,000 | 14,298,000 | 11,632,000 |
| Gross Profit | 18,133,000 | 12,210,000 | 2,793,000 | 13,650,000 | 16,666,000 | 12,345,000 | 11,656,000 | 7,904,000 | 7,278,000 | 7,496,000 | 9,771,000 | 6,751,000 | 6,305,000 | 4,480,000 |
| Admin Expenses | 14,957,000 | 11,683,000 | 10,164,000 | 13,588,000 | 13,943,000 | 17,360,000 | 8,860,000 | 8,183,000 | 8,461,000 | 7,934,000 | 8,439,000 | 6,617,000 | 5,368,000 | 5,036,000 |
| Operating Profit | 3,176,000 | 527,000 | -7,371,000 | 62,000 | 2,723,000 | -5,015,000 | 2,796,000 | -279,000 | -1,183,000 | -438,000 | 1,332,000 | 134,000 | 937,000 | -556,000 |
| Interest Payable | 662,000 | 347,000 | 243,000 | 237,000 | 210,000 | 889,000 | 664,000 | 586,000 | 583,000 | 552,000 | 510,000 | 539,000 | 250,000 | 233,000 |
| Interest Receivable | 4,951,000 | 230,000 | 337,000 | 266,000 | 229,000 | 2,032,000 | 142,000 | 867,000 | 200,000 | 100,000 | 0 | 8,000 | 0 | 4,000 |
| Pre-Tax Profit | 7,465,000 | 410,000 | -7,277,000 | 91,000 | 2,742,000 | -3,872,000 | 2,274,000 | 2,000 | -1,566,000 | -890,000 | 822,000 | -397,000 | 687,000 | -785,000 |
| Tax | 436,000 | 1,003,000 | 1,410,000 | -153,000 | 1,268,000 | 179,000 | -423,000 | -415,000 | 370,000 | 406,000 | -250,000 | 19,000 | 90,000 | 405,000 |
| Profit After Tax | 7,901,000 | 1,413,000 | -5,867,000 | -62,000 | 4,010,000 | -3,693,000 | 1,851,000 | -413,000 | -1,196,000 | -484,000 | 572,000 | -378,000 | 777,000 | -380,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 7,901,000 | 1,413,000 | -5,867,000 | -62,000 | 4,010,000 | -3,693,000 | 1,851,000 | -413,000 | -1,196,000 | -484,000 | 572,000 | -378,000 | 777,000 | -380,000 |
| Employee Costs | 10,240,000 | 8,240,000 | 8,556,000 | 10,026,000 | 8,562,000 | 10,233,000 | 7,695,000 | 7,203,000 | 6,494,000 | 6,833,000 | 6,692,000 | 5,544,000 | 4,699,000 | 4,589,000 |
| Number Of Employees | 166 | 132 | 163 | 166 | 158 | 148 | 142 | 141 | 138 | 142 | 142 | 128 | 108 | 110 |
| EBITDA* | 9,506,000 | 6,139,000 | -1,346,000 | 6,833,000 | 9,368,000 | 2,318,000 | 6,899,000 | 3,968,000 | 1,640,000 | 3,410,000 | 5,549,000 | 4,243,000 | 4,263,000 | 2,973,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 17,935,000 | 12,941,000 | 9,726,000 | 12,413,000 | 15,730,000 | 16,142,000 | 14,006,000 | 11,013,000 | 10,384,000 | 11,992,000 | 12,071,000 | 11,214,000 | 10,539,000 | 8,167,000 |
| Intangible Assets | 15,000 | 145,000 | 13,000 | 36,000 | 60,000 | 24,000 | 59,000 | 79,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 893,000 | 893,000 | 893,000 | 893,000 | 1,000 | 1,000 | 2,127,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 264,000 | 703,000 | 703,000 | 867,000 |
| Total Fixed Assets | 18,843,000 | 13,979,000 | 10,632,000 | 13,342,000 | 15,791,000 | 16,167,000 | 16,192,000 | 11,092,000 | 10,384,000 | 11,992,000 | 12,335,000 | 11,917,000 | 11,242,000 | 9,034,000 |
| Stock & work in progress | 36,000 | 39,000 | 40,000 | 32,000 | 47,000 | 84,000 | 102,000 | 104,000 | 93,000 | 165,000 | 271,000 | 324,000 | 258,000 | 200,000 |
| Trade Debtors | 6,358,000 | 4,445,000 | 1,453,000 | 6,207,000 | 6,323,000 | 6,365,000 | 6,922,000 | 4,460,000 | 4,084,000 | 3,217,000 | 5,920,000 | 3,926,000 | 3,153,000 | 2,784,000 |
| Group Debtors | 9,141,000 | 3,536,000 | 7,377,000 | 9,375,000 | 6,473,000 | 2,194,000 | 1,311,000 | 1,293,000 | 1,426,000 | 1,741,000 | 1,156,000 | 903,000 | 724,000 | 792,000 |
| Misc Debtors | 8,092,000 | 7,162,000 | 6,710,000 | 4,187,000 | 3,166,000 | 2,536,000 | 2,728,000 | 2,832,000 | 4,686,000 | 3,021,000 | 1,727,000 | 1,877,000 | 1,962,000 | 1,235,000 |
| Cash | 10,000 | 39,000 | 6,000 | 19,000 | 90,000 | 148,000 | 130,000 | 557,000 | 362,000 | 2,097,000 | 4,164,000 | 3,886,000 | 3,569,000 | 246,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 121,000 | 0 | 0 | 0 | 0 |
| total current assets | 23,637,000 | 15,221,000 | 15,586,000 | 19,820,000 | 16,099,000 | 11,327,000 | 11,193,000 | 9,246,000 | 10,651,000 | 10,362,000 | 13,238,000 | 10,916,000 | 9,666,000 | 5,257,000 |
| total assets | 42,480,000 | 29,200,000 | 26,218,000 | 33,162,000 | 31,890,000 | 27,494,000 | 27,385,000 | 20,338,000 | 21,035,000 | 22,354,000 | 25,573,000 | 22,833,000 | 20,908,000 | 14,291,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 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 | 983,000 | 1,085,000 | 692,000 | 1,244,000 | 1,677,000 | 1,514,000 | 2,033,000 | 722,000 | 999,000 | 971,000 | 2,077,000 | 2,031,000 | 1,504,000 | 938,000 |
| Group/Directors Accounts | 14,316,000 | 11,265,000 | 8,285,000 | 8,971,000 | 10,385,000 | 6,993,000 | 16,212,000 | 12,203,000 | 14,309,000 | 14,583,000 | 13,208,000 | 11,851,000 | 10,133,000 | 6,338,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 196,000 | 595,000 | 1,685,000 | 1,631,000 | 1,790,000 | 1,691,000 | 2,393,000 | 2,184,000 | 2,297,000 | 2,231,000 |
| other current liabilities | 7,201,000 | 4,859,000 | 6,703,000 | 6,564,000 | 3,683,000 | 6,279,000 | 4,222,000 | 4,035,000 | 2,892,000 | 1,955,000 | 3,956,000 | 3,762,000 | 3,068,000 | 2,201,000 |
| total current liabilities | 22,500,000 | 17,209,000 | 15,680,000 | 16,779,000 | 15,941,000 | 15,381,000 | 24,152,000 | 18,591,000 | 19,990,000 | 19,200,000 | 21,634,000 | 19,828,000 | 17,002,000 | 11,708,000 |
| loans | 382,000 | 386,000 | 390,000 | 394,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 196,000 | 1,221,000 | 1,626,000 | 473,000 | 1,562,000 | 1,863,000 | 1,501,000 | 2,024,000 | 1,478,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,012,000 | 920,000 | 876,000 | 850,000 | 748,000 | 726,000 | 291,000 | 251,000 | 209,000 | 33,000 | 33,000 | 33,000 | 33,000 | 33,000 |
| total long term liabilities | 1,394,000 | 1,306,000 | 1,266,000 | 1,244,000 | 748,000 | 922,000 | 1,512,000 | 1,877,000 | 682,000 | 1,595,000 | 1,896,000 | 1,534,000 | 2,057,000 | 1,511,000 |
| total liabilities | 23,894,000 | 18,515,000 | 16,946,000 | 18,023,000 | 16,689,000 | 16,303,000 | 25,664,000 | 20,468,000 | 20,672,000 | 20,795,000 | 23,530,000 | 21,362,000 | 19,059,000 | 13,219,000 |
| net assets | 18,586,000 | 10,685,000 | 9,272,000 | 15,139,000 | 15,201,000 | 11,191,000 | 1,721,000 | -130,000 | 363,000 | 1,559,000 | 2,043,000 | 1,471,000 | 1,849,000 | 1,072,000 |
| total shareholders funds | 18,586,000 | 10,685,000 | 9,272,000 | 15,139,000 | 15,201,000 | 11,191,000 | 1,721,000 | -130,000 | 363,000 | 1,559,000 | 2,043,000 | 1,471,000 | 1,849,000 | 1,072,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,176,000 | 527,000 | -7,371,000 | 62,000 | 2,723,000 | -5,015,000 | 2,796,000 | -279,000 | -1,183,000 | -438,000 | 1,332,000 | 134,000 | 937,000 | -556,000 |
| Depreciation | 6,182,000 | 5,570,000 | 6,002,000 | 6,747,000 | 6,615,000 | 7,333,000 | 4,103,000 | 4,247,000 | 2,823,000 | 3,848,000 | 4,217,000 | 4,109,000 | 3,326,000 | 3,529,000 |
| Amortisation | 148,000 | 42,000 | 23,000 | 24,000 | 30,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 436,000 | 1,003,000 | 1,410,000 | -153,000 | 1,268,000 | 179,000 | -423,000 | -415,000 | 370,000 | 406,000 | -250,000 | 19,000 | 90,000 | 405,000 |
| Stock | -3,000 | -1,000 | 8,000 | -15,000 | -37,000 | -18,000 | -2,000 | 11,000 | -72,000 | -106,000 | -53,000 | 66,000 | 58,000 | 200,000 |
| Debtors | 8,448,000 | -397,000 | -4,229,000 | 3,807,000 | 4,867,000 | 134,000 | 2,376,000 | -1,611,000 | 2,217,000 | -1,088,000 | 1,658,000 | 867,000 | 864,000 | 5,678,000 |
| Creditors | -102,000 | 393,000 | -552,000 | -433,000 | 163,000 | -519,000 | 1,311,000 | -277,000 | 28,000 | -1,106,000 | 46,000 | 527,000 | 566,000 | 938,000 |
| Accruals and Deferred Income | 2,342,000 | -1,844,000 | 139,000 | 2,881,000 | -2,596,000 | 2,057,000 | 187,000 | 1,143,000 | 937,000 | -2,001,000 | 194,000 | 694,000 | 867,000 | 2,201,000 |
| Deferred Taxes & Provisions | 92,000 | 44,000 | 26,000 | 102,000 | 22,000 | 435,000 | 40,000 | 42,000 | 176,000 | 0 | 0 | 0 | 0 | 33,000 |
| Cash flow from operations | 3,829,000 | 6,133,000 | 3,898,000 | 5,438,000 | 3,395,000 | 4,354,000 | 5,640,000 | 6,061,000 | 1,006,000 | 1,903,000 | 3,934,000 | 4,550,000 | 4,864,000 | 672,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 892,000 | 0 | -2,126,000 | 2,127,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 3,051,000 | 2,980,000 | -686,000 | -1,414,000 | 3,392,000 | -9,219,000 | 4,009,000 | -2,106,000 | -274,000 | 1,375,000 | 1,357,000 | 1,718,000 | 3,795,000 | 6,338,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -4,000 | -4,000 | -4,000 | 394,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | -196,000 | -595,000 | -2,115,000 | -351,000 | 994,000 | -990,000 | -1,003,000 | 571,000 | -636,000 | 612,000 | 3,709,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 4,289,000 | -117,000 | 94,000 | 29,000 | 19,000 | 1,143,000 | -522,000 | 281,000 | -383,000 | -452,000 | -510,000 | -531,000 | -250,000 | -229,000 |
| cash flow from financing | 7,336,000 | 2,859,000 | -596,000 | -1,187,000 | 2,816,000 | 2,972,000 | 3,136,000 | -911,000 | -1,647,000 | -80,000 | 1,418,000 | 551,000 | 4,157,000 | 11,270,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -29,000 | 33,000 | -13,000 | -71,000 | -58,000 | 18,000 | -427,000 | 195,000 | -1,735,000 | -2,067,000 | 278,000 | 317,000 | 3,323,000 | 246,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -29,000 | 33,000 | -13,000 | -71,000 | -58,000 | 18,000 | -427,000 | 195,000 | -1,735,000 | -2,067,000 | 278,000 | 317,000 | 3,323,000 | 246,000 |
creative technology limited Credit Report and Business Information
Creative Technology Limited Competitor Analysis
Perform a competitor analysis for creative technology limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
creative technology limited Ownership
CREATIVE TECHNOLOGY LIMITED group structure
Creative Technology Limited has 2 subsidiary companies.
Ultimate parent company
NEP GROUP HOLDINGS, LP
#0100326
2 parents
CREATIVE TECHNOLOGY LIMITED
02039109
2 subsidiaries
creative technology limited directors
Creative Technology Limited currently has 5 directors. The longest serving directors include Mr David Crump (Aug 1991) and Mr Mark Wilson (Feb 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Crump | England | 63 years | Aug 1991 | - | Director |
| Mr Mark Wilson | United Kingdom | 48 years | Feb 2017 | - | Director |
| Mr Graham Andrews | England | 65 years | Apr 2022 | - | Director |
| Mr Patrik Dejve | England | 46 years | Nov 2023 | - | Director |
| Mr Sidney Lobb | England | 43 years | Dec 2023 | - | Director |
P&L
December 2022turnover
51.5m
+39%
operating profit
3.2m
+503%
gross margin
35.3%
+6.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
18.6m
+0.74%
total assets
42.5m
+0.45%
cash
10k
-0.74%
net assets
Total assets minus all liabilities
Similar Companies
creative technology limited company details
company number
02039109
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
77291 - Renting and leasing of media entertainment equipment
incorporation date
July 1986
age
38
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
merinden limited (August 1986)
incorporated
UK
address
units 2 - 4 manor gate, manor royal, crawley, RH10 9SX
last accounts submitted
December 2022
creative technology 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 4 charges/mortgages relating to creative technology limited. Currently there are 2 open charges and 2 have been satisfied in the past.
creative technology limited Companies House Filings - See Documents
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