Orange Mountain Bikes Limited

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orange mountain bikes limited Company Information

Live (In Receivership)

MatureMidHealthy

Company Number

02281603

Website

www.orangebikes.co.uk

Registered Address

c/o bdo llp, 5 temple square, temple street, liverpool, L2 5RH

Industry

Non-specialised wholesale trade

Telephone

01422311113

Next Accounts Due

105 days late

Group Structure

View All

Directors

Ashley Ball9 Years

Shareholders

021c holdings limited 100%

orange mountain bikes limited Estimated Valuation

£6.2m

Pomanda estimates the enterprise value of ORANGE MOUNTAIN BIKES LIMITED at £6.2m based on a Turnover of £8.2m and 0.76x industry multiple (adjusted for size and gross margin).

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Orange Mountain Bikes Limited is a live company located in liverpool, L2 5RH with a Companies House number of 02281603. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in July 1988, it's largest shareholder is 021c holdings limited with a 100% stake. Orange Mountain Bikes Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Orange Mountain Bikes Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £8.2m, make it smaller than the average company (£13.1m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.4%)

EXPORT

Orange Mountain Bikes Limited's latest turnover from October 2022 is estimated at £8.2 million and the company has net assets of £1.9 million. According to their latest financial statements, Orange Mountain Bikes Limited has 20 employees and maintains cash reserves of £8.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	8,184,981	7,204,597	4,873,391	5,724,072	5,815,168	5,890,927	4,491,502	3,533,977	4,341,142	4,735,179	4,607,065	4,403,866	5,045,505	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,892,003	5,235,785	3,552,022	4,193,498	4,263,971	4,266,866	3,221,542	2,543,649	3,137,973	3,404,544	3,307,478	3,166,832	3,608,805	0
Gross Profit	2,292,978	1,968,812	1,321,368	1,530,574	1,551,197	1,624,061	1,269,960	990,329	1,203,169	1,330,634	1,299,587	1,237,035	1,436,701	0
Admin Expenses	2,571,605	1,558,958	1,088,934	1,545,253	1,211,342	1,352,497	1,112,209	713,341	1,311,696	941,609	1,264,480	1,174,649	1,393,342	-1,470,214
Operating Profit	-278,627	409,854	232,434	-14,679	339,855	271,564	157,751	276,988	-108,527	389,025	35,107	62,386	43,359	1,470,214
Interest Payable	139,412	56,372	57,165	96,818	105,560	59,682	39,053	21,250	0	0	0	0	0	0
Interest Receivable	2,001	140	73	339	855	312	590	2,369	3,637	3,657	2,553	2,248	1,759	663
Pre-Tax Profit	-416,039	353,622	175,342	-111,158	235,149	212,194	119,288	258,108	-104,890	392,682	37,661	64,634	45,118	1,470,878
Tax	0	-67,188	-33,315	0	-44,678	-40,317	-23,857	-51,621	0	-90,317	-9,039	-16,805	-12,633	-411,846
Profit After Tax	-416,039	286,434	142,027	-111,158	190,471	171,877	95,430	206,486	-104,890	302,365	28,622	47,829	32,485	1,059,032
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-416,039	286,434	142,027	-111,158	190,471	171,877	95,430	206,486	-104,890	302,365	28,622	47,829	32,485	1,059,032
Employee Costs	595,496	711,042	541,271	583,966	535,423	617,156	618,269	402,267	492,158	561,521	550,269	516,718	624,280	0
Number Of Employees	20	19	17	19	18	18	18	12	15	17	17	16	20	0
EBITDA*	-214,021	477,392	262,519	21,915	370,417	304,433	209,169	337,209	-38,642	445,338	96,437	128,247	81,872	1,499,094

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	378,827	387,444	407,265	280,862	306,087	293,540	320,332	303,256	368,796	376,627	446,057	463,621	501,982	390,803
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	1,229,861	1,555,502	1,356,064	1,229,916	1,169,705	1,037,139	946,694	705,371	0	0	0	0	0	0
Total Fixed Assets	1,608,688	1,942,946	1,763,329	1,510,778	1,475,792	1,330,679	1,267,026	1,008,627	368,796	376,627	446,057	463,621	501,982	390,803
Stock & work in progress	3,825,923	1,740,976	1,466,686	1,965,794	2,073,165	1,711,200	1,469,514	1,092,697	1,010,039	853,004	887,556	921,702	854,349	500,200
Trade Debtors	920,643	1,536,963	800,375	867,675	846,383	913,964	492,722	415,501	504,811	582,298	522,817	501,801	637,782	706,369
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	496,591	475,124	309,183	390,105	222,315	120,484	233,047	0	0	0	0	0	0	0
Cash	8,486	169,339	110,301	35,071	55,237	172,680	76,758	395,485	552,123	902,626	560,218	461,112	438,121	265,394
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,251,643	3,922,402	2,686,545	3,258,645	3,197,100	2,918,328	2,272,041	1,903,683	2,066,973	2,337,928	1,970,591	1,884,615	1,930,252	1,471,963
total assets	6,860,331	5,865,348	4,449,874	4,769,423	4,672,892	4,249,007	3,539,067	2,912,310	2,435,769	2,714,555	2,416,648	2,348,236	2,432,234	1,862,766
Bank overdraft	2,046,793	697,124	461,385	687,588	445,441	217,264	170,582	226,345	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,075,237	556,348	350,174	510,020	641,195	866,117	693,412	643,834	1,037,770	1,215,183	1,216,177	1,163,233	1,296,607	771,926
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	981,117	689,850	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	20,430	24,404	26,465	8,257	0	0	0	0	0	0
other current liabilities	1,327,015	1,818,648	1,105,391	1,274,369	125,805	171,972	494,049	0	0	0	0	0	0	0
total current liabilities	4,449,045	3,072,120	1,916,950	2,471,977	2,213,988	1,969,607	1,384,508	878,436	1,037,770	1,215,183	1,216,177	1,163,233	1,296,607	771,926
loans	303,973	331,803	357,938	367,350	387,187	406,854	425,284	427,500	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	18,961	13,173	36,821	13,771	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	176,242	100,749	114,310	11,447	0	0	0	0	0	0	0	0	0	0
provisions	0	13,566	0	0	22,949	20,037	24,995	20,574	32,456	28,939	32,403	45,557	44,010	31,708
total long term liabilities	480,215	446,118	472,248	378,797	429,097	440,064	487,100	461,845	32,456	28,939	32,403	45,557	44,010	31,708
total liabilities	4,929,260	3,518,238	2,389,198	2,850,774	2,643,085	2,409,671	1,871,608	1,340,281	1,070,226	1,244,122	1,248,580	1,208,790	1,340,617	803,634
net assets	1,931,071	2,347,110	2,060,676	1,918,649	2,029,807	1,839,336	1,667,459	1,572,029	1,365,543	1,470,433	1,168,068	1,139,446	1,091,617	1,059,132
total shareholders funds	1,931,071	2,347,110	2,060,676	1,918,649	2,029,807	1,839,336	1,667,459	1,572,029	1,365,543	1,470,433	1,168,068	1,139,446	1,091,617	1,059,132

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	-278,627	409,854	232,434	-14,679	339,855	271,564	157,751	276,988	-108,527	389,025	35,107	62,386	43,359	1,470,214
Depreciation	64,606	67,538	30,085	36,594	30,562	32,869	51,418	60,221	69,885	56,313	61,330	65,861	38,513	28,880
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-67,188	-33,315	0	-44,678	-40,317	-23,857	-51,621	0	-90,317	-9,039	-16,805	-12,633	-411,846
Stock	2,084,947	274,290	-499,108	-107,371	361,965	241,686	376,817	82,658	157,035	-34,552	-34,146	67,353	354,149	500,200
Debtors	-920,494	1,101,967	-22,074	249,293	166,816	399,124	551,591	616,061	-77,487	59,481	21,016	-135,981	-68,587	706,369
Creditors	518,889	206,174	-159,846	-131,175	-224,922	172,705	49,578	-393,936	-177,413	-994	52,944	-133,374	524,681	771,926
Accruals and Deferred Income	-491,633	713,257	-168,978	1,148,564	-46,167	-322,077	494,049	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-13,566	13,566	0	-22,949	2,912	-4,958	4,421	-11,882	3,517	-3,464	-13,154	1,547	12,302	31,708
Cash flow from operations	-1,364,784	-33,056	421,562	874,433	-471,219	-531,024	-195,048	-818,949	-292,086	325,634	140,318	48,243	320,660	684,313
Investing Activities
capital expenditure	-55,989	-47,717	-156,488	-11,369	-43,109	-6,077	-68,494	5,319	-62,054	13,117	-43,766	-27,500	-149,692	-419,683
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-55,989	-47,717	-156,488	-11,369	-43,109	-6,077	-68,494	5,319	-62,054	13,117	-43,766	-27,500	-149,692	-419,683
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	-981,117	291,267	689,850	0	0	0	0	0	0	0	0
Long term loans	-27,830	-26,135	-9,412	-19,837	-19,667	-18,430	-2,216	427,500	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-39,391	1,814	-25,709	41,258	22,028	0	0	0	0	0	0
other long term liabilities	75,493	-13,561	102,863	11,447	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-137,411	-56,232	-57,092	-96,479	-104,705	-59,370	-38,463	-18,881	3,637	3,657	2,553	2,248	1,759	663
cash flow from financing	-89,748	-95,928	36,359	-1,125,377	168,709	586,341	579	430,647	3,637	3,657	2,553	2,248	1,759	763
cash and cash equivalents
cash	-160,853	59,038	75,230	-20,166	-117,443	95,922	-318,727	-156,638	-350,503	342,408	99,106	22,991	172,727	265,394
overdraft	1,349,669	235,739	-226,203	242,147	228,177	46,682	-55,763	226,345	0	0	0	0	0	0
change in cash	-1,510,522	-176,701	301,433	-262,313	-345,620	49,240	-262,964	-382,983	-350,503	342,408	99,106	22,991	172,727	265,394

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 orange mountain bikes limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in L 2 area or any other competitors across 12 key performance metrics.

ORANGE MOUNTAIN BIKES LIMITED group structure

Orange Mountain Bikes Limited has no subsidiary companies.

Ultimate parent company

021C HOLDINGS LIMITED

09734393

1 parent

ORANGE MOUNTAIN BIKES LIMITED

02281603

ORANGE MOUNTAIN BIKES LIMITED Shareholders

021c holdings limited

100%

Orange Mountain Bikes Limited currently has 1 director, Mr Ashley Ball serving since Oct 2015.

officer	country	age	start	end	role
Mr Ashley Ball	England	47 years	Oct 2015	-	Director

P&L

October 2022

turnover

8.2m

+14%

operating profit

-278.6k

gross margin

28.1%

+2.52%

turnover

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

Balance Sheet

October 2022

net assets

1.9m

-0.18%

total assets

6.9m

+0.17%

cash

8.5k

-0.95%

net assets

Total assets minus all liabilities

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company number

02281603

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

July 1988

ultimate parent company

021C HOLDINGS LIMITED

previous names

dealname limited (September 1988)

address

c/o bdo llp, 5 temple square, temple street, liverpool, L2 5RH

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 10 charges/mortgages relating to orange mountain bikes limited. Currently there are 7 open charges and 3 have been satisfied in the past.

orange mountain bikes limited Company Information

orange mountain bikes limited Estimated Valuation

orange mountain bikes limited Estimated Valuation

orange mountain bikes limited Estimated Valuation

Orange Mountain Bikes Limited Overview

Orange Mountain Bikes Limited Health Check

ORANGE MOUNTAIN BIKES LIMITED financials

orange mountain bikes limited Credit Report and Business Information

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orange mountain bikes limited Ownership

orange mountain bikes limited directors

orange mountain bikes limited company details

orange mountain bikes limited Charges & Mortgages

orange mountain bikes limited Companies House Filings - See Documents