Photofax Systems Limited

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photofax systems limited Company Information

Live

MatureSmallLow

Company Number

02098716

Next Accounts

Dec 2024

Industry

Repair of electrical equipment

Directors

Timothy Hines

Paul Murrall

Shareholders

photofax systems holdings ltd

Group Structure

View All

Contact

Registered Address

5 castle court, castlegate way, dudley, west midlands, DY1 4RD

Website

www.photofaxsystems.co.uk

photofax systems limited Estimated Valuation

£3.7m

Pomanda estimates the enterprise value of PHOTOFAX SYSTEMS LIMITED at £3.7m based on Net Assets of £812.9k and 4.56x industry multiple (adjusted for liquidity).

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Photofax Systems Limited is a live company located in west midlands, DY1 4RD with a Companies House number of 02098716. It operates in the repair of electrical equipment sector, SIC Code 33140. Founded in February 1987, it's largest shareholder is photofax systems holdings ltd with a 100% stake. Photofax Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with low growth in recent years.

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Pomanda's financial health check has awarded Photofax Systems 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 £1.9m, make it in line with the average company (£1.6m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (3.2%)

EXPORT

Photofax Systems Limited's latest turnover from March 2023 is estimated at £1.9 million and the company has net assets of £812.9 thousand. According to their latest financial statements, Photofax Systems Limited has 2 employees and maintains cash reserves of £40 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	1,885,284	1,779,204	1,573,426	1,842,683	1,897,139	1,835,585	1,652,818	1,931,988	2,961,323	2,632,703	2,770,374	2,464,089	2,492,585	1,615,350
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,379,692	1,310,855	1,127,967	1,344,696	1,403,197	1,305,838	1,146,177	1,342,009	2,057,454	1,853,746	1,944,934	1,695,056	1,710,655	1,103,696
Gross Profit	505,592	468,348	445,459	497,987	493,943	529,747	506,641	589,979	903,870	778,957	825,441	769,033	781,930	511,654
Admin Expenses	503,553	467,503	444,350	495,187	490,178	516,286	480,129	546,028	868,143	637,096	639,438	572,838	581,479	278,801
Operating Profit	2,039	845	1,109	2,800	3,765	13,461	26,512	43,951	35,727	141,861	186,003	196,195	200,451	232,853
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	6	1	0	3	26	3	2	7	7	0	0	1	1	0
Pre-Tax Profit	2,044	846	1,109	2,804	3,790	13,464	26,514	43,958	35,734	141,861	186,003	196,196	200,451	232,853
Tax	-388	-161	-211	-533	-720	-2,558	-5,303	-8,791	-7,504	-32,628	-44,641	-51,011	-56,126	-65,199
Profit After Tax	1,656	685	898	2,271	3,070	10,906	21,211	35,166	28,230	109,233	141,362	145,185	144,325	167,654
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,656	685	898	2,271	3,070	10,906	21,211	35,166	28,230	109,233	141,362	145,185	144,325	167,654
Employee Costs	91,580	79,111	76,526	83,222	92,873	107,371	106,309	111,193	629,000	429,615	518,977	474,600	511,108	396,991
Number Of Employees	2	2	2	2	2	3	3	3	18	11	14	13	14	10
EBITDA*	2,526	1,118	1,430	3,177	4,209	13,983	27,127	44,674	36,578	148,462	192,781	203,180	207,660	242,002

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	2,758	1,545	1,818	2,139	2,516	2,960	3,482	4,097	4,820	5,671	6,672	7,850	9,235	15,283
Intangible Assets	0	0	0	0	0	0	0	0	0	0	5,600	11,200	16,800	22,400
Investments & Other	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
Total Fixed Assets	2,758	1,545	1,818	2,139	2,516	2,960	3,482	4,097	4,820	5,671	12,272	19,050	26,035	37,683
Stock & work in progress	12,400	19,145	27,197	27,197	27,179	38,096	36,219	33,540	38,536	43,177	69,368	61,988	59,736	46,370
Trade Debtors	865,562	881,654	848,382	878,687	853,405	873,592	851,381	878,292	967,927	909,752	909,378	819,448	619,106	421,352
Group Debtors	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
Cash	40	234	5	82	6,804	1	1,381	0	2,771	0	24	0	243	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	878,002	901,033	875,584	905,966	887,388	911,689	888,981	911,832	1,009,234	952,929	978,770	881,436	679,085	467,722
total assets	880,760	902,578	877,402	908,105	889,904	914,649	892,463	915,929	1,014,054	958,600	991,042	900,486	705,120	505,405
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	67,908	91,382	66,891	98,492	82,562	110,377	99,097	143,774	277,065	249,841	391,516	442,322	0	336,751
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	67,908	91,382	66,891	98,492	82,562	110,377	99,097	143,774	277,065	249,841	391,516	442,322	0	336,751
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	392,141	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	392,141	0
total liabilities	67,908	91,382	66,891	98,492	82,562	110,377	99,097	143,774	277,065	249,841	391,516	442,322	392,141	336,751
net assets	812,852	811,196	810,511	809,613	807,342	804,272	793,366	772,155	736,989	708,759	599,526	458,164	312,979	168,654
total shareholders funds	812,852	811,196	810,511	809,613	807,342	804,272	793,366	772,155	736,989	708,759	599,526	458,164	312,979	168,654

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	2,039	845	1,109	2,800	3,765	13,461	26,512	43,951	35,727	141,861	186,003	196,195	200,451	232,853
Depreciation	487	273	321	377	444	522	615	723	851	1,001	1,178	1,385	1,609	3,549
Amortisation	0	0	0	0	0	0	0	0	0	5,600	5,600	5,600	5,600	5,600
Tax	-388	-161	-211	-533	-720	-2,558	-5,303	-8,791	-7,504	-32,628	-44,641	-51,011	-56,126	-65,199
Stock	-6,745	-8,052	0	18	-10,917	1,877	2,679	-4,996	-4,641	-26,191	7,380	2,252	13,366	46,370
Debtors	-16,092	33,272	-30,305	25,282	-20,187	22,211	-26,911	-89,635	58,175	374	89,930	200,342	197,754	421,352
Creditors	-23,474	24,491	-31,601	15,930	-27,815	11,280	-44,677	-133,291	27,224	-141,675	-50,806	442,322	-336,751	336,751
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	1,501	228	-77	-6,726	6,778	-1,383	1,379	-2,777	2,764	-24	24	391,897	-396,337	45,832
Investing Activities
capital expenditure	-1,700	0	0	0	0	0	0	0	0	0	0	0	4,439	-46,832
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,700	0	0	0	0	0	0	0	0	0	0	0	4,439	-46,832
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	0	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	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	-392,141	392,141	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	6	1	0	3	26	3	2	7	7	0	0	1	1	0
cash flow from financing	6	1	0	3	26	3	2	7	7	0	0	-392,140	392,142	1,000
cash and cash equivalents
cash	-194	229	-77	-6,722	6,803	-1,380	1,381	-2,771	2,771	-24	24	-243	243	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-194	229	-77	-6,722	6,803	-1,380	1,381	-2,771	2,771	-24	24	-243	243	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PHOTOFAX SYSTEMS LIMITED group structure

Photofax Systems Limited has no subsidiary companies.

Ultimate parent company

OFFICE OPTIONS (MIDLANDS) LIMITED

02817681

PHOTOFAX SYSTEMS HOLDINGS LIMITED

05088659

2 parents

PHOTOFAX SYSTEMS LIMITED

02098716

PHOTOFAX SYSTEMS LIMITED Shareholders

photofax systems holdings ltd

100%

Photofax Systems Limited currently has 2 directors. The longest serving directors include Mr Timothy Hines (Jan 2009) and Mr Paul Murrall (Jan 2009).

officer	country	age	start	end	role
Mr Timothy Hines		58 years	Jan 2009	-	Director
Mr Paul Murrall		58 years	Jan 2009	-	Director

P&L

March 2023

turnover

1.9m

+6%

operating profit

gross margin

26.9%

+1.88%

turnover

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

Balance Sheet

March 2023

net assets

812.9k

total assets

880.8k

-0.02%

cash

-0.83%

net assets

Total assets minus all liabilities

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company number

02098716

Type

Private limited with Share Capital

industry

33140 - Repair of electrical equipment

incorporation date

February 1987

ultimate parent company

OFFICE OPTIONS (MIDLANDS) LIMITED

previous names

notchsturdy limited (March 1987)

address

5 castle court, castlegate way, dudley, west midlands, DY1 4RD

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 5 charges/mortgages relating to photofax systems limited. Currently there are 4 open charges and 1 have been satisfied in the past.

photofax systems limited Company Information

photofax systems limited Estimated Valuation

photofax systems limited Estimated Valuation

photofax systems limited Estimated Valuation

Photofax Systems Limited Overview

Photofax Systems Limited Health Check

PHOTOFAX SYSTEMS LIMITED financials

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