ceetak limited
ceetak limited Company Information
Company Number
02251723
Next Accounts
Mar 2026
Shareholders
ceetak holdings ltd
t.r. baron
Group Structure
View All
Industry
Manufacture of other rubber products
Registered Address
fraser road, priory business park, bedford, beds, MK44 3WH
Website
www.ceetak.comceetak limited Estimated Valuation
Pomanda estimates the enterprise value of CEETAK LIMITED at £25.9m based on a Turnover of £25.1m and 1.03x industry multiple (adjusted for size and gross margin).
ceetak limited Estimated Valuation
Pomanda estimates the enterprise value of CEETAK LIMITED at £38m based on an EBITDA of £4.1m and a 9.29x industry multiple (adjusted for size and gross margin).
ceetak limited Estimated Valuation
Pomanda estimates the enterprise value of CEETAK LIMITED at £24.7m based on Net Assets of £12.6m and 1.95x industry multiple (adjusted for liquidity).
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Ceetak Limited Overview
Ceetak Limited is a live company located in bedford, MK44 3WH with a Companies House number of 02251723. It operates in the manufacture of other rubber products sector, SIC Code 22190. Founded in May 1988, it's largest shareholder is ceetak holdings ltd with a 99% stake. Ceetak Limited is a mature, large sized company, Pomanda has estimated its turnover at £25.1m with healthy growth in recent years.
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Ceetak Limited Health Check
Pomanda's financial health check has awarded Ceetak 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 £25.1m, make it larger than the average company (£14m)
£25.1m - Ceetak Limited
£14m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (9.7%)
4% - Ceetak Limited
9.7% - Industry AVG
Production
with a gross margin of 41%, this company has a lower cost of product (31.8%)
41% - Ceetak Limited
31.8% - Industry AVG
Profitability
an operating margin of 15.6% make it more profitable than the average company (5.5%)
15.6% - Ceetak Limited
5.5% - Industry AVG
Employees
with 73 employees, this is similar to the industry average (71)
73 - Ceetak Limited
71 - Industry AVG
Pay Structure
on an average salary of £62.8k, the company has a higher pay structure (£45.3k)
£62.8k - Ceetak Limited
£45.3k - Industry AVG
Efficiency
resulting in sales per employee of £344k, this is more efficient (£197.7k)
£344k - Ceetak Limited
£197.7k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is near the average (57 days)
56 days - Ceetak Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (45 days)
12 days - Ceetak Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 112 days, this is more than average (75 days)
112 days - Ceetak Limited
75 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 72 weeks, this is more cash available to meet short term requirements (13 weeks)
72 weeks - Ceetak Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.9%, this is a lower level of debt than the average (40.6%)
31.9% - Ceetak Limited
40.6% - Industry AVG
CEETAK LIMITED financials
Ceetak Limited's latest turnover from June 2024 is £25.1 million and the company has net assets of £12.6 million. According to their latest financial statements, Ceetak Limited has 73 employees and maintains cash reserves of £8.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 25,115,250 | 24,661,414 | 21,571,694 | 22,182,558 | 15,622,797 | 16,965,516 | 15,352,753 | 13,076,229 | 12,707,058 | 12,718,285 | 12,840,753 | 10,353,694 | 9,269,237 | 7,770,625 | 5,434,223 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 14,815,967 | 14,773,875 | 12,879,121 | 13,090,303 | 9,780,455 | 11,035,794 | 9,605,418 | 8,838,233 | 7,974,107 | 8,003,072 | 7,658,131 | 6,336,965 | 5,404,382 | 4,156,905 | 2,724,418 |
| Gross Profit | 10,299,283 | 9,887,539 | 8,692,573 | 9,092,255 | 5,842,342 | 5,929,722 | 5,747,335 | 4,237,996 | 4,732,951 | 4,715,213 | 5,182,622 | 4,016,729 | 3,864,855 | 3,613,720 | 2,709,805 |
| Admin Expenses | 6,392,696 | 5,702,464 | 5,111,203 | 4,771,922 | 4,387,824 | 4,358,607 | 4,185,851 | 3,678,889 | 3,387,960 | 3,236,566 | 3,727,949 | 3,051,302 | 3,020,234 | 2,778,575 | 2,111,608 |
| Operating Profit | 3,906,587 | 4,185,075 | 3,581,370 | 4,320,333 | 1,454,518 | 1,571,115 | 1,561,484 | 559,107 | 1,344,991 | 1,478,647 | 1,454,673 | 965,427 | 844,621 | 835,145 | 598,197 |
| Interest Payable | 1,342 | 3,343 | |||||||||||||
| Interest Receivable | 147,722 | 48,995 | 16,202 | 12,218 | 16,989 | 12,424 | 9,790 | 9,722 | 6,674 | 446 | 5,606 | 3,563 | 2,226 | 1,889 | 3,799 |
| Pre-Tax Profit | 4,052,967 | 4,234,070 | 3,597,572 | 4,332,551 | 1,471,507 | 1,580,196 | 1,571,274 | 568,829 | 1,351,665 | 1,479,093 | 1,460,279 | 968,990 | 846,847 | 837,034 | 601,996 |
| Tax | -969,873 | -861,330 | -633,483 | -754,784 | -218,454 | -214,886 | -227,456 | -35,610 | -159,166 | -151,271 | -207,744 | 33,145 | 44,698 | -227,372 | -130,624 |
| Profit After Tax | 3,083,094 | 3,372,740 | 2,964,089 | 3,577,767 | 1,253,053 | 1,365,310 | 1,343,818 | 533,219 | 1,192,499 | 1,327,822 | 1,252,535 | 1,002,135 | 891,545 | 609,662 | 471,372 |
| Dividends Paid | 1,980,000 | 1,980,000 | 1,717,172 | 1,750,000 | 630,000 | 500,000 | 600,000 | 250,000 | 680,000 | 600,000 | 650,000 | 500,000 | 425,000 | 360,000 | |
| Retained Profit | 1,103,094 | 1,392,740 | 1,246,917 | 1,827,767 | 623,053 | 865,310 | 743,818 | 283,219 | 512,499 | 727,822 | 602,535 | 502,135 | 466,545 | 609,662 | 111,372 |
| Employee Costs | 4,581,639 | 4,226,522 | 3,799,085 | 3,623,189 | 3,294,492 | 3,308,678 | 2,908,507 | 2,657,891 | 2,481,575 | 2,306,255 | 2,975,770 | 2,044,841 | 2,136,292 | 1,821,207 | |
| Number Of Employees | 73 | 70 | 68 | 66 | 63 | 65 | 61 | 59 | 54 | 50 | 51 | 48 | 45 | ||
| EBITDA* | 4,091,011 | 4,348,292 | 3,774,904 | 4,537,126 | 1,656,800 | 1,797,447 | 1,819,890 | 703,301 | 1,478,455 | 1,597,247 | 1,561,792 | 1,063,470 | 925,356 | 900,755 | 662,300 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 359,540 | 436,410 | 455,171 | 462,376 | 370,317 | 410,748 | 433,763 | 511,010 | 416,237 | 313,399 | 308,306 | 300,464 | 307,395 | 201,465 | 207,168 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 2,193 | 2,193 | 2,193 | ||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 361,733 | 438,603 | 457,364 | 462,376 | 370,317 | 410,748 | 433,763 | 511,010 | 416,237 | 313,399 | 308,306 | 300,464 | 307,395 | 201,465 | 207,168 |
| Stock & work in progress | 4,560,320 | 5,232,892 | 4,684,800 | 3,373,896 | 3,628,907 | 3,857,396 | 3,087,072 | 2,461,511 | 2,605,160 | 2,131,763 | 1,868,372 | 1,743,682 | 1,573,622 | 1,244,579 | 534,932 |
| Trade Debtors | 3,864,580 | 3,144,686 | 3,326,411 | 3,894,831 | 2,385,512 | 2,681,281 | 2,910,002 | 2,287,176 | 2,418,973 | 1,695,968 | 1,948,175 | 1,957,615 | 1,769,101 | 1,426,831 | 1,132,181 |
| Group Debtors | 1,372,164 | 859,767 | 96,589 | 154,479 | |||||||||||
| Misc Debtors | 172,718 | 133,477 | 200,001 | 138,226 | 215,111 | 158,765 | 550,002 | 149,318 | 230,438 | 145,496 | 151,206 | 160,677 | 209,089 | 78,797 | 73,453 |
| Cash | 8,214,322 | 7,770,327 | 7,237,798 | 6,386,046 | 3,375,231 | 3,284,138 | 2,115,902 | 2,103,438 | 1,960,473 | 2,171,512 | 2,009,035 | 1,591,426 | 1,094,103 | 815,042 | 698,558 |
| misc current assets | |||||||||||||||
| total current assets | 18,184,104 | 17,141,149 | 15,545,599 | 13,792,999 | 9,604,761 | 9,981,580 | 8,662,978 | 7,001,443 | 7,215,044 | 6,144,739 | 5,976,788 | 5,453,400 | 4,645,915 | 3,565,249 | 2,593,603 |
| total assets | 18,545,837 | 17,579,752 | 16,002,963 | 14,255,375 | 9,975,078 | 10,392,328 | 9,096,741 | 7,512,453 | 7,631,281 | 6,458,138 | 6,285,094 | 5,753,864 | 4,953,310 | 3,766,714 | 2,800,771 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 507,579 | 824,460 | 1,303,844 | 990,152 | 852,205 | 897,478 | 993,878 | 402,359 | 308,959 | 335,988 | 245,567 | 324,366 | 201,235 | 228,329 | 305,325 |
| Group/Directors Accounts | 2,074,716 | 2,896,458 | 1,815,522 | 1,900,272 | 766,847 | 736,035 | 914,353 | 735,517 | 963,865 | 1,094,453 | 896,453 | 1,245,180 | 1,068,184 | 749,164 | 813,930 |
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 3,301,812 | 2,294,289 | 2,711,322 | 2,440,958 | 1,267,541 | 2,297,115 | 1,584,131 | 1,494,627 | 1,771,514 | 969,503 | 1,815,349 | 1,458,733 | 1,457,222 | 1,042,317 | 544,389 |
| total current liabilities | 5,884,107 | 6,015,207 | 5,830,688 | 5,331,382 | 2,886,593 | 3,930,628 | 3,492,362 | 2,632,503 | 3,044,338 | 2,399,944 | 2,957,369 | 3,028,279 | 2,726,641 | 2,019,810 | 1,663,644 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 38,250 | 44,159 | 44,629 | 43,264 | 35,523 | 31,791 | 39,780 | 59,169 | 49,381 | 33,131 | 30,484 | 30,879 | 34,098 | 20,878 | 20,763 |
| total long term liabilities | 38,250 | 44,159 | 44,629 | 43,264 | 35,523 | 31,791 | 39,780 | 59,169 | 49,381 | 33,131 | 30,484 | 30,879 | 34,098 | 20,878 | 20,763 |
| total liabilities | 5,922,357 | 6,059,366 | 5,875,317 | 5,374,646 | 2,922,116 | 3,962,419 | 3,532,142 | 2,691,672 | 3,093,719 | 2,433,075 | 2,987,853 | 3,059,158 | 2,760,739 | 2,040,688 | 1,684,407 |
| net assets | 12,623,480 | 11,520,386 | 10,127,646 | 8,880,729 | 7,052,962 | 6,429,909 | 5,564,599 | 4,820,781 | 4,537,562 | 4,025,063 | 3,297,241 | 2,694,706 | 2,192,571 | 1,726,026 | 1,116,364 |
| total shareholders funds | 12,623,480 | 11,520,386 | 10,127,646 | 8,880,729 | 7,052,962 | 6,429,909 | 5,564,599 | 4,820,781 | 4,537,562 | 4,025,063 | 3,297,241 | 2,694,706 | 2,192,571 | 1,726,026 | 1,116,364 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 3,906,587 | 4,185,075 | 3,581,370 | 4,320,333 | 1,454,518 | 1,571,115 | 1,561,484 | 559,107 | 1,344,991 | 1,478,647 | 1,454,673 | 965,427 | 844,621 | 835,145 | 598,197 |
| Depreciation | 184,424 | 163,217 | 193,534 | 216,793 | 202,282 | 226,332 | 258,406 | 144,194 | 133,464 | 118,600 | 107,119 | 98,043 | 80,735 | 65,610 | 64,103 |
| Amortisation | |||||||||||||||
| Tax | -969,873 | -861,330 | -633,483 | -754,784 | -218,454 | -214,886 | -227,456 | -35,610 | -159,166 | -151,271 | -207,744 | 33,145 | 44,698 | -227,372 | -130,624 |
| Stock | -672,572 | 548,092 | 1,310,904 | -255,011 | -228,489 | 770,324 | 625,561 | -143,649 | 473,397 | 263,391 | 124,690 | 170,060 | 329,043 | 709,647 | 534,932 |
| Debtors | 1,271,532 | 514,929 | -410,056 | 1,432,434 | -239,423 | -619,958 | 1,023,510 | -212,917 | 807,947 | -257,917 | -18,911 | 140,102 | 472,562 | 145,515 | 1,360,113 |
| Creditors | -316,881 | -479,384 | 313,692 | 137,947 | -45,273 | -96,400 | 591,519 | 93,400 | -27,029 | 90,421 | -78,799 | 123,131 | -27,094 | -76,996 | 305,325 |
| Accruals and Deferred Income | 1,007,523 | -417,033 | 270,364 | 1,173,417 | -1,029,574 | 712,984 | 89,504 | -276,887 | 802,011 | -845,846 | 356,616 | 1,511 | 414,905 | 497,928 | 544,389 |
| Deferred Taxes & Provisions | -5,909 | -470 | 1,365 | 7,741 | 3,732 | -7,989 | -19,389 | 9,788 | 16,250 | 2,647 | -395 | -3,219 | 13,220 | 115 | 20,763 |
| Cash flow from operations | 3,206,911 | 1,527,054 | 2,825,994 | 3,924,024 | 835,143 | 2,040,790 | 604,997 | 850,558 | 829,177 | 687,724 | 1,525,691 | 907,876 | 569,480 | 239,268 | -492,892 |
| Investing Activities | |||||||||||||||
| capital expenditure | -188,972 | -241,967 | -204,557 | ||||||||||||
| Change in Investments | 2,193 | ||||||||||||||
| cash flow from investments | -188,972 | -241,967 | -204,557 | ||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -821,742 | 1,080,936 | -84,750 | 1,133,425 | 30,812 | -178,318 | 178,836 | -228,348 | -130,588 | 198,000 | -348,727 | 176,996 | 319,020 | -64,766 | 813,930 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 146,380 | 48,995 | 16,202 | 12,218 | 16,989 | 9,081 | 9,790 | 9,722 | 6,674 | 446 | 5,606 | 3,563 | 2,226 | 1,889 | |
| cash flow from financing | -675,362 | 1,129,931 | -68,548 | 1,145,643 | 47,801 | -169,237 | 188,626 | -218,626 | -123,914 | 198,446 | -343,121 | 180,559 | 321,246 | -62,877 | |
| cash and cash equivalents | |||||||||||||||
| cash | 443,995 | 532,529 | 851,752 | 3,010,815 | 91,093 | 1,168,236 | 12,464 | 142,965 | -211,039 | 162,477 | 417,609 | 497,323 | 279,061 | 116,484 | 698,558 |
| overdraft | |||||||||||||||
| change in cash | 443,995 | 532,529 | 851,752 | 3,010,815 | 91,093 | 1,168,236 | 12,464 | 142,965 | -211,039 | 162,477 | 417,609 | 497,323 | 279,061 | 116,484 | 698,558 |
ceetak limited Credit Report and Business Information
Ceetak Limited Competitor Analysis
Perform a competitor analysis for ceetak limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in MK44 area or any other competitors across 12 key performance metrics.
ceetak limited Ownership
CEETAK LIMITED group structure
Ceetak Limited has no subsidiary companies.
ceetak limited directors
Ceetak Limited currently has 4 directors. The longest serving directors include Mr Thomas Baron (Dec 1991) and Ms Suzanne Baron (Jul 1996).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Baron | 89 years | Dec 1991 | - | Director | |
| Ms Suzanne Baron | 61 years | Jul 1996 | - | Director | |
| Mr Andrew Cleaver | 52 years | Jul 2015 | - | Director | |
| Mr Anthony Wood | 63 years | Aug 2016 | - | Director |
P&L
June 2024turnover
25.1m
+2%
operating profit
3.9m
-7%
gross margin
41.1%
+2.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
12.6m
+0.1%
total assets
18.5m
+0.05%
cash
8.2m
+0.06%
net assets
Total assets minus all liabilities
ceetak limited company details
company number
02251723
Type
Private limited with Share Capital
industry
22190 - Manufacture of other rubber products
incorporation date
May 1988
age
37
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
June 2024
previous names
goodsure limited (July 1988)
accountant
-
auditor
PRICE BAILEY LLP
address
fraser road, priory business park, bedford, beds, MK44 3WH
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
ceetak 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 ceetak limited.
ceetak limited Capital Raised & Share Issues BETA
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ceetak limited Companies House Filings - See Documents
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