binder limited
binder limited Company Information
Company Number
02079553
Website
www.binder.co.ukRegistered Address
progress works old ipswich road, claydon, ipswich, suffolk, IP6 0AG
Industry
Other business support service activities n.e.c.
Telephone
01473830582
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
wallace binder 97.7%
charles wallace binder 1.2%
View Allbinder limited Estimated Valuation
Pomanda estimates the enterprise value of BINDER LIMITED at £7.7m based on a Turnover of £11.5m and 0.66x industry multiple (adjusted for size and gross margin).
binder limited Estimated Valuation
Pomanda estimates the enterprise value of BINDER LIMITED at £9.1m based on an EBITDA of £1.8m and a 5.08x industry multiple (adjusted for size and gross margin).
binder limited Estimated Valuation
Pomanda estimates the enterprise value of BINDER LIMITED at £15.8m based on Net Assets of £6.1m and 2.57x industry multiple (adjusted for liquidity).
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Binder Limited Overview
Binder Limited is a live company located in ipswich, IP6 0AG with a Companies House number of 02079553. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 1986, it's largest shareholder is wallace binder with a 97.7% stake. Binder Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.5m with healthy growth in recent years.
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Binder Limited Health Check
Pomanda's financial health check has awarded Binder Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
4 Regular
1 Weak
Size
annual sales of £11.5m, make it larger than the average company (£3.5m)
£11.5m - Binder Limited
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.3%)
9% - Binder Limited
4.3% - Industry AVG
Production
with a gross margin of 32.4%, this company has a comparable cost of product (38.1%)
32.4% - Binder Limited
38.1% - Industry AVG
Profitability
an operating margin of 10.9% make it more profitable than the average company (6.3%)
10.9% - Binder Limited
6.3% - Industry AVG
Employees
with 93 employees, this is above the industry average (23)
93 - Binder Limited
23 - Industry AVG
Pay Structure
on an average salary of £45.8k, the company has an equivalent pay structure (£47.5k)
£45.8k - Binder Limited
£47.5k - Industry AVG
Efficiency
resulting in sales per employee of £124k, this is less efficient (£149.8k)
£124k - Binder Limited
£149.8k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is near the average (41 days)
42 days - Binder Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 37 days, this is slower than average (33 days)
37 days - Binder Limited
33 days - Industry AVG
Stock Days
it holds stock equivalent to 30 days, this is in line with average (32 days)
30 days - Binder Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 85 weeks, this is more cash available to meet short term requirements (25 weeks)
85 weeks - Binder Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.6%, this is a lower level of debt than the average (62.2%)
27.6% - Binder Limited
62.2% - Industry AVG
BINDER LIMITED financials
Binder Limited's latest turnover from April 2023 is £11.5 million and the company has net assets of £6.1 million. According to their latest financial statements, Binder Limited has 93 employees and maintains cash reserves of £3.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,529,629 | 10,865,145 | 9,125,410 | 9,006,128 | 9,256,463 | 8,225,423 | 7,719,448 | 6,965,577 | 6,536,739 | 6,012,362 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 7,796,730 | 6,931,370 | 5,764,815 | 5,773,057 | 5,754,969 | 5,458,127 | 4,956,098 | 4,662,190 | 4,406,997 | 4,057,370 | ||||
| Gross Profit | 3,732,899 | 3,933,775 | 3,360,595 | 3,233,071 | 3,501,494 | 2,767,296 | 2,763,350 | 2,303,387 | 2,129,742 | 1,954,992 | ||||
| Admin Expenses | 2,471,034 | 2,326,848 | 1,964,821 | 2,095,263 | 1,956,853 | 1,774,312 | 1,607,992 | 1,366,405 | 1,130,584 | 1,105,231 | ||||
| Operating Profit | 1,261,865 | 1,606,927 | 1,395,774 | 1,137,808 | 1,544,641 | 992,984 | 1,155,358 | 936,982 | 999,158 | 849,761 | ||||
| Interest Payable | 15,216 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,000 | 16,003 | 16,000 | ||||
| Interest Receivable | 36,084 | 5,896 | 4,307 | 19,080 | 16,294 | 13,068 | 14,838 | 11,155 | 16,468 | 14,270 | ||||
| Pre-Tax Profit | 1,282,733 | 1,596,823 | 1,384,081 | 1,140,888 | 1,544,935 | 990,052 | 1,154,196 | 932,137 | 999,623 | 848,031 | ||||
| Tax | -237,754 | -269,983 | -270,653 | -231,311 | -302,261 | -181,156 | -220,723 | -183,541 | -210,832 | -189,808 | ||||
| Profit After Tax | 1,044,979 | 1,326,840 | 1,113,428 | 909,577 | 1,242,674 | 808,896 | 933,473 | 748,596 | 788,791 | 658,223 | ||||
| Dividends Paid | 400,000 | 400,000 | 1,000,000 | 1,038,298 | 1,000,000 | 300,000 | 53,191 | 978,000 | 76,596 | 0 | ||||
| Retained Profit | 644,979 | 926,840 | 113,428 | -128,721 | 242,674 | 508,896 | 880,282 | -229,404 | 712,195 | 658,223 | ||||
| Employee Costs | 4,263,158 | 3,442,882 | 3,162,037 | 3,170,224 | 2,976,936 | 2,692,870 | 2,358,476 | 2,181,442 | 1,862,545 | 1,670,840 | ||||
| Number Of Employees | 93 | 83 | 80 | 85 | 82 | 76 | 69 | 65 | 61 | 53 | ||||
| EBITDA* | 1,790,814 | 2,076,333 | 1,864,129 | 1,567,262 | 1,942,474 | 1,377,981 | 1,467,668 | 1,216,732 | 1,228,561 | 1,053,005 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,396,429 | 2,095,148 | 1,950,329 | 1,978,094 | 1,753,597 | 1,667,380 | 1,656,666 | 1,726,039 | 1,637,344 | 1,242,110 | 735,086 | 786,643 | 613,646 | 567,424 |
| Intangible Assets | 146,233 | 176,584 | 212,171 | 152,716 | 168,014 | 180,375 | 12,343 | 409 | 454 | 505 | 561 | 623 | 692 | 769 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 300,000 | 300,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,842,662 | 2,571,732 | 2,162,500 | 2,130,810 | 1,921,611 | 1,847,755 | 1,669,009 | 1,726,448 | 1,637,798 | 1,242,615 | 735,647 | 787,266 | 614,338 | 568,193 |
| Stock & work in progress | 660,926 | 558,163 | 450,961 | 450,882 | 384,259 | 377,434 | 329,355 | 320,760 | 313,501 | 233,143 | 167,958 | 141,285 | 141,019 | 58,428 |
| Trade Debtors | 1,337,341 | 1,161,372 | 710,908 | 1,028,437 | 1,136,182 | 1,006,651 | 864,193 | 974,696 | 821,618 | 812,151 | 758,460 | 952,478 | 828,008 | 856,960 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 344,238 | 356,562 | 188,691 | 252,373 | 114,511 | 74,517 | 85,350 | 82,827 | 82,142 | 96,757 | 0 | 0 | 0 | 0 |
| Cash | 3,299,235 | 2,959,302 | 2,865,084 | 2,458,851 | 2,735,669 | 2,593,390 | 2,450,941 | 1,745,317 | 1,786,612 | 1,370,965 | 1,345,676 | 1,426,364 | 1,084,904 | 691,685 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,641,740 | 5,035,399 | 4,215,644 | 4,190,543 | 4,370,621 | 4,051,992 | 3,729,839 | 3,123,600 | 3,003,873 | 2,513,016 | 2,272,094 | 2,520,127 | 2,053,931 | 1,607,073 |
| total assets | 8,484,402 | 7,607,131 | 6,378,144 | 6,321,353 | 6,292,232 | 5,899,747 | 5,398,848 | 4,850,048 | 4,641,671 | 3,755,631 | 3,007,741 | 3,307,393 | 2,668,269 | 2,175,266 |
| 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 | 803,161 | 756,344 | 532,447 | 582,952 | 532,221 | 516,029 | 473,307 | 470,939 | 578,196 | 482,800 | 1,122,055 | 1,211,581 | 1,194,122 | 1,126,308 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,333 |
| other current liabilities | 793,025 | 698,811 | 720,801 | 693,683 | 660,683 | 535,314 | 558,190 | 868,635 | 338,768 | 301,592 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,996,186 | 1,855,155 | 1,653,248 | 1,676,635 | 1,592,904 | 1,451,343 | 1,431,497 | 1,739,574 | 1,316,964 | 1,184,392 | 1,122,055 | 1,211,581 | 1,194,122 | 1,159,641 |
| loans | 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 |
| 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 | 342,687 | 251,426 | 151,186 | 184,436 | 110,325 | 102,075 | 129,918 | 153,323 | 138,152 | 96,879 | 69,549 | 76,531 | 67,560 | 64,490 |
| total long term liabilities | 342,687 | 251,426 | 151,186 | 184,436 | 110,325 | 102,075 | 129,918 | 153,323 | 138,152 | 96,879 | 69,549 | 76,531 | 67,560 | 64,490 |
| total liabilities | 2,338,873 | 2,106,581 | 1,804,434 | 1,861,071 | 1,703,229 | 1,553,418 | 1,561,415 | 1,892,897 | 1,455,116 | 1,281,271 | 1,191,604 | 1,288,112 | 1,261,682 | 1,224,131 |
| net assets | 6,145,529 | 5,500,550 | 4,573,710 | 4,460,282 | 4,589,003 | 4,346,329 | 3,837,433 | 2,957,151 | 3,186,555 | 2,474,360 | 1,816,137 | 2,019,281 | 1,406,587 | 951,135 |
| total shareholders funds | 6,145,529 | 5,500,550 | 4,573,710 | 4,460,282 | 4,589,003 | 4,346,329 | 3,837,433 | 2,957,151 | 3,186,555 | 2,474,360 | 1,816,137 | 2,019,281 | 1,406,587 | 951,135 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,261,865 | 1,606,927 | 1,395,774 | 1,137,808 | 1,544,641 | 992,984 | 1,155,358 | 936,982 | 999,158 | 849,761 | ||||
| Depreciation | 447,112 | 374,739 | 377,810 | 345,656 | 314,072 | 305,253 | 309,744 | 279,705 | 229,352 | 203,188 | 195,385 | 170,018 | 153,927 | 149,989 |
| Amortisation | 81,837 | 94,667 | 90,545 | 83,798 | 83,761 | 79,744 | 2,566 | 45 | 51 | 56 | 62 | 69 | 77 | 86 |
| Tax | -237,754 | -269,983 | -270,653 | -231,311 | -302,261 | -181,156 | -220,723 | -183,541 | -210,832 | -189,808 | ||||
| Stock | 102,763 | 107,202 | 79 | 66,623 | 6,825 | 48,079 | 8,595 | 7,259 | 80,358 | 65,185 | 26,673 | 266 | 82,591 | 58,428 |
| Debtors | 163,645 | 918,335 | -381,211 | 30,117 | 169,525 | 131,625 | -107,980 | 153,763 | -5,148 | 150,448 | -194,018 | 124,470 | -28,952 | 856,960 |
| Creditors | 46,817 | 223,897 | -50,505 | 50,731 | 16,192 | 42,722 | 2,368 | -107,257 | 95,396 | -639,255 | -89,526 | 17,459 | 67,814 | 1,126,308 |
| Accruals and Deferred Income | 94,214 | -21,990 | 27,118 | 33,000 | 125,369 | -22,876 | -310,445 | 529,867 | 37,176 | 301,592 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 91,261 | 100,240 | -33,250 | 74,111 | 8,250 | -27,843 | -23,405 | 15,171 | 41,273 | 27,330 | -6,982 | 8,971 | 3,070 | 64,490 |
| Cash flow from operations | 1,518,944 | 1,082,960 | 1,917,971 | 1,397,053 | 1,613,674 | 1,009,124 | 1,014,848 | 1,309,950 | 1,116,364 | 337,231 | ||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -561,454 | -250,270 | -351,996 | 0 | -700,881 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -561,454 | -250,270 | -351,996 | 0 | -700,881 | ||||
| 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 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400,000 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,333 | 33,333 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 20,868 | -10,104 | -11,693 | 3,080 | 294 | -2,932 | -1,162 | -4,845 | 465 | -1,730 | ||||
| cash flow from financing | 20,868 | -10,104 | -11,693 | 3,080 | 294 | -2,932 | -1,162 | -4,845 | 465 | 398,270 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | 339,933 | 94,218 | 406,233 | -276,818 | 142,279 | 142,449 | 705,624 | -41,295 | 415,647 | 25,289 | -80,688 | 341,460 | 393,219 | 691,685 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 339,933 | 94,218 | 406,233 | -276,818 | 142,279 | 142,449 | 705,624 | -41,295 | 415,647 | 25,289 | -80,688 | 341,460 | 393,219 | 691,685 |
binder limited Credit Report and Business Information
Binder Limited Competitor Analysis
Perform a competitor analysis for binder limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in IP6 area or any other competitors across 12 key performance metrics.
binder limited Ownership
BINDER LIMITED group structure
Binder Limited has no subsidiary companies.
Ultimate parent company
BINDER LIMITED
02079553
binder limited directors
Binder Limited currently has 6 directors. The longest serving directors include Mr Richard Binder (Dec 1992) and Mr Wallace Binder (Dec 1992).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Binder | United Kingdom | 60 years | Dec 1992 | - | Director |
| Mr Wallace Binder | United Kingdom | 89 years | Dec 1992 | - | Director |
| Mr Charles Binder | 63 years | Dec 1992 | - | Director | |
| Mr Shaun Prendergast | 57 years | May 2014 | - | Director | |
| Mr Edward Binder | 33 years | May 2021 | - | Director | |
| Mrs Jennifer Smith | United Kingdom | 31 years | May 2024 | - | Director |
P&L
April 2023turnover
11.5m
+6%
operating profit
1.3m
-21%
gross margin
32.4%
-10.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
6.1m
+0.12%
total assets
8.5m
+0.12%
cash
3.3m
+0.11%
net assets
Total assets minus all liabilities
Similar Companies
binder limited company details
company number
02079553
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
December 1986
age
38
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2022
previous names
binder pollution control limited (December 2003)
accountant
-
auditor
SB AUDIT LLP
address
progress works old ipswich road, claydon, ipswich, suffolk, IP6 0AG
Bank
LLOYDS TSB BANK PLC
Legal Advisor
GREENE & GREENE
binder 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 did not find charges/mortgages relating to binder limited.
binder limited Companies House Filings - See Documents
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