Centric Office Solutions Limited

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centric office solutions limited Company Information

Live

MatureSmall

Company Number

02225986

Website

www.centric-office.co.uk

Registered Address

unit c2, crimple court, hornbeam square north, harrogate, yorkshire, HG2 8PB

Industry

Wholesale of computers, computer peripheral equipment and software

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

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Telephone

01229821212

Next Accounts Due

December 2024

Group Structure

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Directors

Ian Flanagan3 Years

Shareholders

centric group ltd 100%

centric office solutions limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of CENTRIC OFFICE SOLUTIONS LIMITED at £1.4m based on Net Assets of £534.8k and 2.56x industry multiple (adjusted for liquidity).

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Centric Office Solutions Limited is a live company located in harrogate, HG2 8PB with a Companies House number of 02225986. It operates in the wholesale of computers, computer peripheral equipment and software sector, SIC Code 46510. Founded in March 1988, it's largest shareholder is centric group ltd with a 100% stake. Centric Office Solutions Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.9m with unknown growth in recent years.

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

Health Rating4out of 5

3 Strong

4 Regular

3 Weak

Size

annual sales of £1.9m, make it smaller than the average company (£12m)

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Centric Office Solutions Limited's latest turnover from March 2023 is estimated at £1.9 million and the company has net assets of £534.8 thousand. According to their latest financial statements, Centric Office Solutions Limited has 7 employees and maintains cash reserves of £333.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Apr 2010
Turnover	1,913,149	1,645,922	2,011,245	2,990,937	2,690,783	3,598,688	2,416,826	3,221,570	3,825,294	3,529,471	2,653,951	3,990,859
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,273,656	1,123,773	1,388,847	2,150,891	1,848,902	2,567,367	1,722,054	2,297,665	2,743,315	2,521,866	1,898,390	2,831,218
Gross Profit	639,493	522,149	622,398	840,046	841,881	1,031,321	694,772	923,905	1,081,979	1,007,605	755,561	1,159,641
Admin Expenses	636,997	-59,411	588,927	863,825	915,638	939,644	762,212	869,612	1,046,766	976,481	786,770	1,112,348
Operating Profit	2,496	581,560	33,471	-23,779	-73,757	91,677	-67,440	54,293	35,213	31,124	-31,209	47,293
Interest Payable	59	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	13,431	1,119	519	827	518	687	1,529	1,146	671	454	400	348
Pre-Tax Profit	15,868	582,679	33,990	-22,952	-73,240	92,364	-65,911	55,439	35,884	31,578	-30,809	47,640
Tax	-3,015	-110,709	-6,458	0	0	-18,473	0	-11,642	-8,253	-7,579	0	-13,339
Profit After Tax	12,853	471,970	27,532	-22,952	-73,240	73,891	-65,911	43,797	27,631	23,999	-30,809	34,301
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	12,853	471,970	27,532	-22,952	-73,240	73,891	-65,911	43,797	27,631	23,999	-30,809	34,301
Employee Costs	313,693	299,221	393,695	381,730	491,161	497,408	445,460	638,591	704,266	632,134	476,543	824,450
Number Of Employees	7	7	11	11	14	14	13	19	21	20	15	25
EBITDA*	4,012	583,868	35,177	-21,611	-71,177	94,820	-64,035	57,913	39,722	37,860	-22,672	51,929

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Apr 2010
Tangible Assets	5,121	6,637	7,493	8,998	11,166	13,120	12,643	13,523	15,026	18,420	24,805	18,390
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	887	887	887	887	887
Debtors (Due After 1 year)	0	0	0	0	0	0	121,698	121,698	121,698	121,698	0	0
Total Fixed Assets	5,121	6,637	7,493	8,998	11,166	13,120	134,341	136,108	137,611	141,005	25,692	19,277
Stock & work in progress	0	0	26,556	22,201	30,179	24,851	33,359	53,254	50,800	58,839	56,968	60,435
Trade Debtors	165,649	155,505	291,674	442,172	343,127	518,284	293,975	375,201	509,588	451,201	375,938	619,066
Group Debtors	784,516	784,516	0	0	0	0	0	0	0	0	0	0
Misc Debtors	41,873	1,727	0	0	0	0	0	0	0	0	20,128	0
Cash	333,594	298,454	43,299	95,092	125,385	288,611	261,043	350,535	107,943	160,632	20,963	139,083
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,325,632	1,240,202	361,529	559,465	498,691	831,746	588,377	778,990	668,331	670,672	473,997	818,584
total assets	1,330,753	1,246,839	369,022	568,463	509,857	844,866	722,718	915,098	805,942	811,677	499,689	837,861
Bank overdraft	1,160	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
Trade Creditors	462,782	402,179	279,569	506,302	424,388	685,743	637,668	764,077	698,549	731,397	442,338	751,456
Group/Directors Accounts	0	45,522	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	331,988	277,168	0	0	0	0	0	0	0	0	0	0
total current liabilities	795,930	724,869	279,569	506,302	424,388	685,743	637,668	764,077	698,549	731,397	442,338	751,456
loans	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
Accruals and Deferred Income	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
provisions	0	0	1,214	1,454	1,810	2,224	2,042	2,102	2,271	2,789	3,859	2,104
total long term liabilities	0	0	1,214	1,454	1,810	2,224	2,042	2,102	2,271	2,789	3,859	2,104
total liabilities	795,930	724,869	280,783	507,756	426,198	687,967	639,710	766,179	700,820	734,186	446,197	753,560
net assets	534,823	521,970	88,239	60,707	83,659	156,899	83,008	148,919	105,122	77,491	53,492	84,301
total shareholders funds	534,823	521,970	88,239	60,707	83,659	156,899	83,008	148,919	105,122	77,491	53,492	84,301

	Mar 2023	Mar 2022	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Apr 2010
Operating Activities
Operating Profit	2,496	581,560	33,471	-23,779	-73,757	91,677	-67,440	54,293	35,213	31,124	-31,209	47,293
Depreciation	1,516	2,308	1,706	2,168	2,580	3,143	3,405	3,620	4,509	6,736	8,537	4,636
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-3,015	-110,709	-6,458	0	0	-18,473	0	-11,642	-8,253	-7,579	0	-13,339
Stock	0	0	4,355	-7,978	5,328	-8,508	-19,895	2,454	-8,039	1,871	-3,467	60,435
Debtors	50,290	941,748	-150,498	99,045	-175,157	102,611	-81,226	-134,387	58,387	176,833	-223,000	619,066
Creditors	60,603	402,179	-226,733	81,914	-261,355	48,075	-126,409	65,528	-32,848	289,059	-309,118	751,456
Accruals and Deferred Income	54,820	277,168	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	-240	-356	-414	182	-60	-169	-518	-1,070	1,755	2,104
Cash flow from operations	66,130	210,758	-52,111	-31,120	-163,117	30,501	-89,383	243,563	-52,245	139,566	-103,568	112,649
Investing Activities
capital expenditure	0	-8,945	-201	0	-626	-3,620	-2,525	-2,117	-1,115	-351	-14,952	-23,026
Change in Investments	0	0	0	0	0	0	-887	0	0	0	0	887
cash flow from investments	0	-8,945	-201	0	-626	-3,620	-1,638	-2,117	-1,115	-351	-14,952	-23,913
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-45,522	45,522	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
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	50,000	0	0	0	0	0	0	0	0	0	50,000
interest	13,372	1,119	519	827	518	687	1,529	1,146	671	454	400	348
cash flow from financing	-32,150	96,641	519	827	518	687	1,529	1,146	671	454	400	50,348
cash and cash equivalents
cash	35,140	298,454	-51,793	-30,293	-163,226	27,568	-89,492	242,592	-52,689	139,669	-118,120	139,083
overdraft	1,160	0	0	0	0	0	0	0	0	0	0	0
change in cash	33,980	298,454	-51,793	-30,293	-163,226	27,568	-89,492	242,592	-52,689	139,669	-118,120	139,083

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 centric office solutions 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 HG2 area or any other competitors across 12 key performance metrics.

CENTRIC OFFICE SOLUTIONS LIMITED group structure

Centric Office Solutions Limited has no subsidiary companies.

Ultimate parent company

BOSTON SPA INVESTMENTS LIMITED

11906244

CENTRIC GROUP LIMITED

03234715

2 parents

CENTRIC OFFICE SOLUTIONS LIMITED

02225986

CENTRIC OFFICE SOLUTIONS LIMITED Shareholders

centric group ltd

100%

Centric Office Solutions Limited currently has 1 director, Mr Ian Flanagan serving since Feb 2021.

officer	country	age	start	end	role
Mr Ian Flanagan	England	57 years	Feb 2021	-	Director

P&L

March 2023

turnover

1.9m

+16%

operating profit

2.5k

gross margin

33.5%

+5.37%

turnover

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

Balance Sheet

March 2023

net assets

534.8k

+0.02%

total assets

1.3m

+0.07%

cash

333.6k

+0.12%

net assets

Total assets minus all liabilities

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company number

02225986

Type

Private limited with Share Capital

industry

46660 - Wholesale of other office machinery and equipment

46510 - Wholesale of computers, computer peripheral equipment and software

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

March 1988

ultimate parent company

BOSTON SPA INVESTMENTS LIMITED

previous names

office equipment (north west) limited (November 1996)

address

unit c2, crimple court, hornbeam square north, harrogate, yorkshire, HG2 8PB

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 centric office solutions limited. Currently there are 0 open charges and 5 have been satisfied in the past.

centric office solutions limited Company Information

centric office solutions limited Estimated Valuation

centric office solutions limited Estimated Valuation

centric office solutions limited Estimated Valuation

Centric Office Solutions Limited Overview

Centric Office Solutions Limited Health Check

CENTRIC OFFICE SOLUTIONS LIMITED financials

centric office solutions limited Credit Report and Business Information

Centric Office Solutions Limited Competitor Analysis

centric office solutions limited Ownership

centric office solutions limited directors

centric office solutions limited company details

centric office solutions limited Charges & Mortgages

centric office solutions limited Companies House Filings - See Documents