sortera limited

sortera limited Company Information

Share SORTERA LIMITED
Live 
MatureLargeDeclining

Company Number

02069980

Industry

Treatment and disposal of non-hazardous waste

 

Shareholders

reuse holdings limited

Group Structure

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Contact

Registered Address

sortera house 35 first avenue, montagu industrial estate, edmonton, N18 3PH

sortera limited Estimated Valuation

£25.4m

Pomanda estimates the enterprise value of SORTERA LIMITED at £25.4m based on a Turnover of £30.1m and 0.84x industry multiple (adjusted for size and gross margin).

sortera limited Estimated Valuation

£10.4m

Pomanda estimates the enterprise value of SORTERA LIMITED at £10.4m based on an EBITDA of £2m and a 5.15x industry multiple (adjusted for size and gross margin).

sortera limited Estimated Valuation

£24.5m

Pomanda estimates the enterprise value of SORTERA LIMITED at £24.5m based on Net Assets of £9.7m and 2.52x industry multiple (adjusted for liquidity).

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Sortera Limited Overview

Sortera Limited is a live company located in edmonton, N18 3PH with a Companies House number of 02069980. It operates in the treatment and disposal of non-hazardous waste sector, SIC Code 38210. Founded in November 1986, it's largest shareholder is reuse holdings limited with a 100% stake. Sortera Limited is a mature, large sized company, Pomanda has estimated its turnover at £30.1m with declining growth in recent years.

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Sortera Limited Health Check

Pomanda's financial health check has awarded Sortera Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £37.3m, make it larger than the average company (£13.5m)

£37.3m - Sortera Limited

£13.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (5.6%)

0% - Sortera Limited

5.6% - Industry AVG

production

Production

with a gross margin of 18.4%, this company has a higher cost of product (23.2%)

18.4% - Sortera Limited

23.2% - Industry AVG

profitability

Profitability

an operating margin of 5% make it less profitable than the average company (7.2%)

5% - Sortera Limited

7.2% - Industry AVG

employees

Employees

with 254 employees, this is above the industry average (41)

254 - Sortera Limited

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £46.4k, the company has an equivalent pay structure (£41k)

£46.4k - Sortera Limited

£41k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £146.8k, this is less efficient (£270.3k)

£146.8k - Sortera Limited

£270.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 51 days, this is near the average (43 days)

51 days - Sortera Limited

43 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 17 days, this is quicker than average (26 days)

17 days - Sortera Limited

26 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (3 days)

0 days - Sortera Limited

3 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (23 weeks)

10 weeks - Sortera Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 27.5%, this is a lower level of debt than the average (66.8%)

27.5% - Sortera Limited

66.8% - Industry AVG

SORTERA LIMITED financials

EXPORTms excel logo

Sortera Limited's latest turnover from December 2023 is £30.1 million and the company has net assets of £9.7 million. According to their latest financial statements, Sortera Limited has 238 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Feb 2023Feb 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover30,117,88837,279,33933,663,70132,286,70137,282,31937,886,07935,926,94035,194,80334,702,20030,202,78925,932,33911,260,61611,165,9799,919,9628,929,296
Other Income Or Grants000000000000000
Cost Of Sales25,222,27630,407,44926,461,40726,614,55929,811,86030,431,43728,778,34527,607,25627,581,73923,890,60119,679,7168,632,9778,017,7117,281,8666,507,804
Gross Profit4,895,6126,871,8907,202,2945,672,1427,470,4597,454,6427,148,5957,587,5477,120,4616,312,1886,252,6232,627,6393,148,2682,638,0962,421,492
Admin Expenses4,869,7155,023,1994,791,1053,820,3134,726,6214,911,9004,807,1744,993,3074,405,1724,183,617-556,9181,798,1731,918,4481,686,0111,729,871
Operating Profit25,8971,848,6912,411,1891,851,8292,743,8382,542,7422,341,4212,594,2402,715,2892,128,5716,809,541829,4661,229,820952,085691,621
Interest Payable456,638319,917517,179562,336628,566591,681588,101520,315387,707390,989340,118149,35189,167102,73693,501
Interest Receivable9,5959,6132729994,3952,170950568076776306303471,343
Pre-Tax Profit-421,1461,534,180781,5151,290,4922,119,6671,953,2311,679,1702,074,4932,327,5821,738,3496,470,186680,115966,672849,696599,463
Tax80,073-114,87012,442-148,200-308,354-365,220-441,395-628,475-599,172-862,674-468,769-195,000-335,409-359,225362,641
Profit After Tax-341,0731,419,310793,9571,142,2921,811,3131,588,0111,237,7751,446,0181,728,410875,6756,001,417485,115631,263490,471962,104
Dividends Paid10,703,863540,000145,000120,000120,000120,000120,000120,000120,000120,000120,000120,000120,000120,000120,000
Retained Profit-11,044,936879,310648,9571,022,2921,691,3131,468,0111,117,7751,326,0181,608,410755,6755,881,417365,115511,263370,471842,104
Employee Costs10,689,40011,782,8979,580,87210,220,61111,243,95910,334,6759,311,2549,536,3068,925,2926,842,2265,300,1562,514,8942,523,5992,362,2852,334,316
Number Of Employees23825426124827028423322924621318784909084
EBITDA*2,019,9774,363,5385,583,1745,383,1106,063,8305,533,7375,203,0166,137,5925,665,6654,748,2828,822,3131,766,9902,177,7471,930,7181,508,854

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Feb 2023Feb 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets11,509,21311,440,49912,850,21713,310,34914,104,10412,557,01011,082,11310,892,02512,237,5539,428,0888,332,1513,651,0853,174,5313,277,1282,999,684
Intangible Assets000000232,267788,7101,325,3651,491,0351,656,7061,691,620862,591964,164619,164
Investments & Other10010010010010010010075,20075,20075,20075,20075,200972,294568,791721,906
Debtors (Due After 1 year)000000000000000
Total Fixed Assets11,509,31311,440,59912,850,31713,310,44914,104,20412,557,11011,314,48011,755,93513,638,11810,994,32310,064,0575,417,9055,009,4164,810,0834,340,754
Stock & work in progress53,54258,18858,95037,10539,50237,07936,522278,52973,32263,34361,13730,01111,7499,9479,749
Trade Debtors4,846,3645,235,9505,419,3896,204,7926,308,4186,523,1865,694,5546,051,2625,966,7935,477,2764,812,0881,745,5851,623,1261,840,7531,418,570
Group Debtors010,120,1867,544,84720,227,68117,796,6958,163,5937,200,8807,482,5236,716,1576,098,5465,476,9845,525,430521,415320,231121,316
Misc Debtors1,090,567330,606690,597748,722674,79410,188,53910,191,09710,283,062844,437652,382783,238264,016257,901233,414196,631
Cash1,444,8911,345,7073,411,9243,986,5402,395,0551,757,3661,494,267838,595553,284555,094710,426370,117964,759649,633485,829
misc current assets190,487115,61781,7500003,42500000000
total current assets7,625,85117,206,25417,207,45731,204,84027,214,46426,669,76324,620,74524,933,97114,153,99312,846,64111,843,8737,935,1593,378,9503,053,9782,232,095
total assets19,135,16428,646,85330,057,77444,515,28941,318,66839,226,87335,935,22536,689,90627,792,11123,840,96421,907,93013,353,0648,388,3667,864,0616,572,849
Bank overdraft000000000000000
Bank loan3,452,5373,167,7033,770,1004,476,1254,723,3004,298,9083,895,6243,975,248220,609213,1631,660,446680,110325,466431,815469,566
Trade Creditors 1,537,3001,478,0111,814,6242,070,8631,979,0392,055,2482,140,1781,941,7271,914,3071,672,7181,779,000632,092656,536691,515486,561
Group/Directors Accounts512,47203,9154,3350001,4693,5183,76913,0811,758,366785,001799,993527,824
other short term finances000000000000000
hp & lease commitments886,8501,339,7541,756,9602,145,2091,817,4291,477,7491,346,8351,662,4612,082,0261,325,5241,214,963601,281483,012362,668294,366
other current liabilities682,838797,6411,276,4971,757,5901,528,7591,231,674494,4591,363,9705,136,1354,834,0902,069,9801,036,8151,129,670933,317653,665
total current liabilities7,071,9976,783,1098,622,09610,454,12210,048,5279,063,5797,877,0968,944,8759,356,5958,049,2646,737,4704,708,6643,379,6853,219,3082,431,982
loans00012,798,64910,816,17311,253,81011,560,59711,951,7612,960,5683,180,9553,413,4043,600,276254,502352,129472,871
hp & lease commitments1,148,683585,0441,250,4531,726,2501,939,9922,086,8211,142,8801,556,3932,564,0891,308,2961,210,282378,767430,483464,042240,910
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions1,178,485497,765000000000023,45439,6038,578
total long term liabilities2,327,1681,082,8091,250,45314,524,89912,756,16513,340,63112,703,47713,508,1545,524,6574,489,2514,623,6863,979,043708,439855,774722,359
total liabilities9,399,1657,865,9189,872,54924,979,02122,804,69222,404,21020,580,57322,453,02914,881,25212,538,51511,361,1568,687,7074,088,1244,075,0823,154,341
net assets9,735,99920,780,93520,185,22519,536,26818,513,97616,822,66315,354,65214,236,87712,910,85911,302,44910,546,7744,665,3574,300,2423,788,9793,418,508
total shareholders funds9,735,99920,780,93520,185,22519,536,26818,513,97616,822,66315,354,65214,236,87712,910,85911,302,44910,546,7744,665,3574,300,2423,788,9793,418,508
Dec 2023Feb 2023Feb 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit25,8971,848,6912,411,1891,851,8292,743,8382,542,7422,341,4212,594,2402,715,2892,128,5716,809,541829,4661,229,820952,085691,621
Depreciation1,994,0802,514,8473,171,9853,531,2813,319,9922,758,7282,642,9023,006,6962,784,7062,454,6251,847,685869,459846,354768,920600,254
Amortisation00000232,267218,693536,656165,670165,086165,08768,065101,573209,713216,979
Tax80,073-114,87012,442-148,200-308,354-365,220-441,395-628,475-599,172-862,674-468,769-195,000-335,409-359,225362,641
Stock-5,408-76221,845-2,3972,423557-242,007205,2079,9792,20631,12618,2621,8021989,749
Debtors-7,717,9022,031,909-13,526,3622,401,288-95,4111,788,787-730,31610,289,4601,299,1831,155,8943,537,2795,132,5898,044657,8811,736,517
Creditors-277,324-336,613-256,23991,824-76,209-84,930198,45127,420241,589-106,2821,146,908-24,444-34,979204,954486,561
Accruals and Deferred Income-593,659-478,856-481,093228,831297,085737,215-869,511-3,772,165302,0452,764,1101,033,165-92,855196,353279,652653,665
Deferred Taxes & Provisions1,178,485497,765000000000-23,454-16,14931,0258,578
Cash flow from operations10,130,8621,899,81718,362,8013,156,6746,069,3404,031,4585,062,884-8,730,2954,300,9655,385,3366,965,212-3,719,6141,977,7171,429,0451,274,033
Investing Activities
capital expenditure00-2,711,853-2,737,526-4,867,086-4,233,625-2,946,378-1,977,408-5,711,685-3,374,779-6,757,732-1,491,438-1,125,161-1,447,962-800,491
Change in Investments000000-75,1000000-897,094403,503-153,115721,906
cash flow from investments00-2,711,853-2,737,526-4,867,086-4,233,625-2,871,278-1,977,408-5,711,685-3,374,779-6,757,732-594,344-1,528,664-1,294,847-1,522,397
Financing Activities
Bank loans-317,563-602,397-706,025-247,175424,392403,284-79,6243,754,6397,446-1,447,283980,336354,644-106,349-37,751469,566
Group/Directors Accounts508,557-3,915-4204,33500-1,469-2,049-251-9,312-1,745,285973,365-14,992272,169527,824
Other Short Term Loans 000000000000000
Long term loans00-12,798,6491,982,476-437,637-306,787-391,1648,991,193-220,387-232,449-186,8723,345,774-97,627-120,742472,871
Hire Purchase and Lease Commitments-971,880-1,082,615-864,046114,038192,8511,074,855-729,139-1,427,2612,012,295208,5751,445,19766,55386,785291,434535,276
other long term liabilities000000000000000
share issue595,710-283,6000000000000002,576,404
interest-447,043-310,304-516,907-561,337-624,171-589,511-587,151-519,747-387,707-390,222-339,355-149,351-88,537-102,389-92,158
cash flow from financing-632,219-2,282,831-14,886,0471,292,337-444,565581,841-1,788,54710,796,7751,411,396-1,870,691154,0214,590,985-220,720302,7214,489,783
cash and cash equivalents
cash-1,967,033-2,066,217-574,6161,591,485637,689263,099655,672285,311-1,810-155,332340,309-594,642315,126163,804485,829
overdraft000000000000000
change in cash-1,967,033-2,066,217-574,6161,591,485637,689263,099655,672285,311-1,810-155,332340,309-594,642315,126163,804485,829

sortera limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Sortera Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for sortera limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other large companies, companies in N18 area or any other competitors across 12 key performance metrics.

sortera limited Ownership

SORTERA LIMITED group structure

Sortera Limited has 1 subsidiary company.

Ultimate parent company

SORTERA GROUP AB

#0142251

2 parents

SORTERA LIMITED

02069980

1 subsidiary

SORTERA LIMITED Shareholders

reuse holdings limited 100%

sortera limited directors

Sortera Limited currently has 3 directors. The longest serving directors include Mr David Wolfenden (Jun 2023) and Mr Mark McCleery (Nov 2023).

officercountryagestartendrole
Mr David WolfendenEngland64 years Jun 2023- Director
Mr Mark McCleeryEngland52 years Nov 2023- Director
Mr Gareth BasfordEngland46 years Nov 2023- Director

P&L

December 2023

turnover

30.1m

-11%

operating profit

25.9k

-99%

gross margin

16.3%

-24.02%

turnover

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

Balance Sheet

December 2023

net assets

9.7m

-0.52%

total assets

19.1m

-0.36%

cash

1.4m

-0.58%

net assets

Total assets minus all liabilities

sortera limited company details

company number

02069980

Type

Private limited with Share Capital

industry

38210 - Treatment and disposal of non-hazardous waste

incorporation date

November 1986

age

39

incorporated

UK

ultimate parent company

SORTERA GROUP AB

accounts

Full Accounts

last accounts submitted

December 2023

previous names

g.b.n. services limited (June 2024)

accountant

-

auditor

LB GROUP

address

sortera house 35 first avenue, montagu industrial estate, edmonton, N18 3PH

Bank

CLYDESDALE BANK

Legal Advisor

-

sortera 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 8 charges/mortgages relating to sortera limited. Currently there are 1 open charges and 7 have been satisfied in the past.

sortera limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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sortera limited Companies House Filings - See Documents

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