avonside roofing limited
avonside roofing limited Company Information
Company Number
02330586
Next Accounts
901 days late
Shareholders
avonside group services ltd
Group Structure
View All
Industry
Roofing activities
Registered Address
31st floor 40 bank street, london, E14 5NR
avonside roofing limited Estimated Valuation
Pomanda estimates the enterprise value of AVONSIDE ROOFING LIMITED at £54.5m based on a Turnover of £47.8m and 1.14x industry multiple (adjusted for size and gross margin).
avonside roofing limited Estimated Valuation
Pomanda estimates the enterprise value of AVONSIDE ROOFING LIMITED at £0 based on an EBITDA of £-1.3m and a 7.7x industry multiple (adjusted for size and gross margin).
avonside roofing limited Estimated Valuation
Pomanda estimates the enterprise value of AVONSIDE ROOFING LIMITED at £57.2m based on Net Assets of £24.2m and 2.37x industry multiple (adjusted for liquidity).
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Avonside Roofing Limited Overview
Avonside Roofing Limited is a live company located in london, E14 5NR with a Companies House number of 02330586. It operates in the roofing activities sector, SIC Code 43910. Founded in December 1988, it's largest shareholder is avonside group services ltd with a 100% stake. Avonside Roofing Limited is a mature, large sized company, Pomanda has estimated its turnover at £47.8m with declining growth in recent years.
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Avonside Roofing Limited Health Check
Pomanda's financial health check has awarded Avonside Roofing Limited a 4 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
5 Strong
1 Regular
6 Weak
Size
annual sales of £47.8m, make it larger than the average company (£717k)
£47.8m - Avonside Roofing Limited
£717k - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (1.3%)
-12% - Avonside Roofing Limited
1.3% - Industry AVG
Production
with a gross margin of 23.8%, this company has a comparable cost of product (27.4%)
23.8% - Avonside Roofing Limited
27.4% - Industry AVG
Profitability
an operating margin of -3.5% make it less profitable than the average company (7%)
-3.5% - Avonside Roofing Limited
7% - Industry AVG
Employees
with 184 employees, this is above the industry average (10)
184 - Avonside Roofing Limited
10 - Industry AVG
Pay Structure
on an average salary of £48.9k, the company has a higher pay structure (£37.2k)
£48.9k - Avonside Roofing Limited
£37.2k - Industry AVG
Efficiency
resulting in sales per employee of £259.8k, this is more efficient (£147k)
£259.8k - Avonside Roofing Limited
£147k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (55 days)
77 days - Avonside Roofing Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (49 days)
79 days - Avonside Roofing Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 33 days, this is more than average (14 days)
33 days - Avonside Roofing Limited
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (25 weeks)
7 weeks - Avonside Roofing Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 32.4%, this is a lower level of debt than the average (55.8%)
32.4% - Avonside Roofing Limited
55.8% - Industry AVG
AVONSIDE ROOFING LIMITED financials
Avonside Roofing Limited's latest turnover from December 2020 is £47.8 million and the company has net assets of £24.2 million. According to their latest financial statements, Avonside Roofing Limited has 184 employees and maintains cash reserves of £1.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 47,799,590 | 70,939,222 | 64,808,011 | 69,171,334 | 71,073,956 | 73,136,131 | 78,015,922 | 58,622,632 | 46,405,559 | 41,813,878 | 38,117,526 | 23,924,117 |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 36,399,067 | 55,123,131 | 50,309,140 | 53,564,751 | 56,092,965 | 56,241,768 | 62,522,940 | 46,388,739 | 36,591,488 | 34,021,871 | 32,496,407 | 18,911,274 |
| Gross Profit | 11,400,523 | 15,816,091 | 14,498,871 | 15,606,583 | 14,980,991 | 16,894,363 | 15,492,982 | 12,233,893 | 9,814,071 | 7,792,007 | 5,621,119 | 5,012,843 |
| Admin Expenses | 13,098,411 | 14,541,701 | 13,636,220 | 12,544,681 | 11,520,821 | 12,264,267 | 11,552,903 | 9,823,677 | 8,188,847 | 6,265,542 | 4,308,419 | 4,670,961 |
| Operating Profit | -1,697,888 | 1,274,390 | 862,651 | 3,061,902 | 3,460,170 | 4,630,096 | 3,940,079 | 2,410,216 | 1,625,224 | 1,526,465 | 1,312,700 | 341,882 |
| Interest Payable | 1,608 | 1,434 | 3,579 | 14,458 | 53,878 | 101,893 | 120,550 | 113,666 | 74,471 | 89,253 | 44,203 | |
| Interest Receivable | 74 | |||||||||||
| Pre-Tax Profit | -1,699,496 | 1,272,956 | 862,651 | 3,058,323 | 3,445,712 | 4,576,218 | 3,838,186 | 2,289,666 | 1,511,558 | 1,451,994 | 1,223,447 | 297,753 |
| Tax | -45,433 | -292,631 | -147,953 | -602,371 | -677,748 | -984,179 | -867,301 | -537,168 | -381,600 | -370,324 | -391,262 | -30,504 |
| Profit After Tax | -1,744,929 | 980,325 | 714,698 | 2,455,952 | 2,767,964 | 3,592,039 | 2,970,885 | 1,752,498 | 1,129,958 | 1,081,670 | 832,185 | 267,249 |
| Dividends Paid | 256,900 | 241,000 | 148,000 | 185,000 | 107,500 | 87,500 | ||||||
| Retained Profit | -1,744,929 | 980,325 | 714,698 | 2,455,952 | 2,767,964 | 3,592,039 | 2,713,985 | 1,511,498 | 981,958 | 896,670 | 724,685 | 179,749 |
| Employee Costs | 8,994,633 | 11,344,029 | 9,936,903 | 9,763,016 | 9,764,013 | 9,641,678 | 8,520,553 | 7,080,214 | 5,552,236 | 4,767,901 | 5,123,249 | 3,921,794 |
| Number Of Employees | 184 | 200 | 215 | 233 | 232 | 200 | 214 | 177 | 165 | 108 | 126 | 136 |
| EBITDA* | -1,331,297 | 1,556,906 | 1,106,159 | 3,228,954 | 3,526,228 | 4,769,200 | 4,043,735 | 2,513,086 | 1,725,125 | 1,629,389 | 1,432,910 | 516,652 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 488,573 | 882,247 | 653,634 | 703,501 | 333,875 | 222,794 | 305,424 | 170,862 | 155,721 | 193,796 | 187,600 | 212,755 |
| Intangible Assets | 415,069 | |||||||||||
| Investments & Other | 250,169 | |||||||||||
| Debtors (Due After 1 year) | 100,603 | |||||||||||
| Total Fixed Assets | 1,004,245 | 1,132,416 | 653,634 | 703,501 | 333,875 | 222,794 | 305,424 | 170,862 | 155,721 | 193,796 | 187,600 | 212,755 |
| Stock & work in progress | 3,315,887 | 2,866,093 | 2,794,582 | 3,983,421 | 2,792,293 | 3,801,806 | 3,165,520 | 2,224,130 | 1,786,214 | 981,220 | 1,169,787 | 1,334,833 |
| Trade Debtors | 10,161,979 | 13,767,936 | 13,917,101 | 14,631,580 | 14,823,318 | 15,855,108 | 15,808,562 | 13,040,423 | 10,452,487 | 8,507,023 | 6,728,082 | 7,520,763 |
| Group Debtors | 17,153,183 | 15,645,858 | 11,961,139 | 9,903,233 | 13,007,747 | 8,253,879 | 7,274,707 | 7,014,111 | 6,765,375 | 6,978,000 | 6,745,631 | 6,070,208 |
| Misc Debtors | 2,497,974 | 3,917,220 | 2,997,728 | 5,043,881 | 5,893,190 | 1,658,305 | 2,042,522 | 1,557,352 | 962,326 | 1,053,432 | 743,404 | 881,726 |
| Cash | 1,639,113 | 1,064,378 | 1,636,471 | 1,608,369 | 1,746,038 | 719,370 | 2,663 | 5,463 | 88,215 | 1,421 | 169,388 | |
| misc current assets | ||||||||||||
| total current assets | 34,768,136 | 37,261,485 | 33,307,021 | 33,562,115 | 38,124,917 | 31,315,136 | 29,010,681 | 23,838,679 | 19,971,865 | 17,607,890 | 15,388,325 | 15,976,918 |
| total assets | 35,772,381 | 38,393,901 | 33,960,655 | 34,265,616 | 38,458,792 | 31,537,930 | 29,316,105 | 24,009,541 | 20,127,586 | 17,801,686 | 15,575,925 | 16,189,673 |
| Bank overdraft | 1,069,039 | 233,467 | 543,216 | 6,841 | ||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 7,912,434 | 8,358,424 | 6,576,242 | 7,062,956 | 8,756,253 | 7,846,745 | 9,275,737 | 8,285,982 | 6,077,898 | 5,613,824 | 4,696,496 | 5,131,930 |
| Group/Directors Accounts | 5,391,777 | 1,606,834 | 517,665 | 22,857 | 18,209 | 40,899 | ||||||
| other short term finances | ||||||||||||
| hp & lease commitments | 6,768 | 16,856 | 16,856 | 2,066 | 19,275 | 29,551 | 55,048 | |||||
| other current liabilities | 3,526,389 | 4,186,696 | 2,895,889 | 2,837,370 | 3,524,759 | 4,062,892 | 5,071,091 | 3,717,231 | 3,289,831 | 2,951,396 | 2,506,696 | 3,342,805 |
| total current liabilities | 11,438,823 | 12,545,120 | 9,472,131 | 10,969,365 | 17,672,789 | 13,523,239 | 14,881,349 | 12,276,393 | 9,931,220 | 8,584,495 | 7,239,584 | 8,570,682 |
| loans | ||||||||||||
| hp & lease commitments | 6,219 | 25,284 | 2,783 | 18,603 | 25,938 | |||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | 155,000 | 52,277 | 58,447 | 4,151 | 803 | 6,688 | ||||||
| total long term liabilities | 155,000 | 52,277 | 58,447 | 4,151 | 803 | 12,907 | 25,284 | 2,783 | 18,603 | 25,938 | ||
| total liabilities | 11,593,823 | 12,545,120 | 9,524,408 | 11,027,812 | 17,676,940 | 13,524,042 | 14,894,256 | 12,301,677 | 9,931,220 | 8,587,278 | 7,258,187 | 8,596,620 |
| net assets | 24,178,558 | 25,848,781 | 24,436,247 | 23,237,804 | 20,781,852 | 18,013,888 | 14,421,849 | 11,707,864 | 10,196,366 | 9,214,408 | 8,317,738 | 7,593,053 |
| total shareholders funds | 24,178,558 | 25,848,781 | 24,436,247 | 23,237,804 | 20,781,852 | 18,013,888 | 14,421,849 | 11,707,864 | 10,196,366 | 9,214,408 | 8,317,738 | 7,593,053 |
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -1,697,888 | 1,274,390 | 862,651 | 3,061,902 | 3,460,170 | 4,630,096 | 3,940,079 | 2,410,216 | 1,625,224 | 1,526,465 | 1,312,700 | 341,882 |
| Depreciation | 366,591 | 282,516 | 243,508 | 167,052 | 66,058 | 139,104 | 103,656 | 102,870 | 99,901 | 102,924 | 120,210 | 174,770 |
| Amortisation | ||||||||||||
| Tax | -45,433 | -292,631 | -147,953 | -602,371 | -677,748 | -984,179 | -867,301 | -537,168 | -381,600 | -370,324 | -391,262 | -30,504 |
| Stock | 449,794 | 71,511 | -1,188,839 | 1,191,128 | -1,009,513 | 636,286 | 941,390 | 437,916 | 804,994 | -188,567 | -165,046 | 1,334,833 |
| Debtors | -3,417,275 | 4,455,046 | -702,726 | -4,145,561 | 7,956,963 | 641,501 | 3,513,905 | 3,431,698 | 1,641,733 | 2,321,338 | -255,580 | 14,472,697 |
| Creditors | -445,990 | 1,782,182 | -486,714 | -1,693,297 | 909,508 | -1,428,992 | 989,755 | 2,208,084 | 464,074 | 917,328 | -435,434 | 5,131,930 |
| Accruals and Deferred Income | -660,307 | 1,290,807 | 58,519 | -687,389 | -538,133 | -1,008,199 | 1,353,860 | 427,400 | 338,435 | 444,700 | -836,109 | 3,342,805 |
| Deferred Taxes & Provisions | 155,000 | -52,277 | -6,170 | 54,296 | 3,348 | -5,885 | 6,688 | |||||
| Cash flow from operations | 639,454 | -241,570 | 2,415,406 | 3,254,626 | -3,724,247 | 64,158 | 1,071,442 | 741,788 | -300,693 | 488,322 | 190,731 | -6,846,647 |
| Investing Activities | ||||||||||||
| capital expenditure | -43,322 | -210,098 | -105,929 | -56,396 | -48,032 | -91,772 | -18,379 | |||||
| Change in Investments | -250,169 | 250,169 | ||||||||||
| cash flow from investments | -43,322 | -210,098 | -105,929 | -56,396 | -48,032 | -91,772 | -18,379 | |||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | -5,391,777 | 3,784,943 | 1,089,169 | 494,808 | 4,648 | 18,209 | -40,899 | 40,899 | ||||
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | -6,768 | -16,307 | -19,065 | 40,074 | -19,992 | -26,096 | -32,832 | 80,986 | ||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | -1,608 | -1,434 | -3,579 | -14,458 | -53,878 | -101,893 | -120,550 | -113,666 | -74,471 | -89,253 | -44,129 | |
| cash flow from financing | 73,098 | 430,775 | 483,745 | -5,395,356 | 3,763,717 | 1,018,984 | 373,850 | -75,828 | -115,449 | -100,567 | -162,984 | 7,491,060 |
| cash and cash equivalents | ||||||||||||
| cash | 574,735 | -572,093 | 1,636,471 | -1,608,369 | -137,669 | 1,026,668 | 716,707 | -2,800 | -82,752 | 86,794 | -167,967 | 169,388 |
| overdraft | -1,069,039 | 1,069,039 | -233,467 | -309,749 | 543,216 | -6,841 | 6,841 | |||||
| change in cash | 574,735 | -572,093 | 2,705,510 | -2,677,408 | -137,669 | 1,026,668 | 950,174 | 306,949 | -625,968 | 93,635 | -174,808 | 169,388 |
avonside roofing limited Credit Report and Business Information
Avonside Roofing Limited Competitor Analysis
Perform a competitor analysis for avonside roofing limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in E14 area or any other competitors across 12 key performance metrics.
avonside roofing limited Ownership
AVONSIDE ROOFING LIMITED group structure
Avonside Roofing Limited has 1 subsidiary company.
Ultimate parent company
2 parents
AVONSIDE ROOFING LIMITED
02330586
1 subsidiary
avonside roofing limited directors
Avonside Roofing Limited currently has 4 directors. The longest serving directors include Mr Keith Kershaw (Sep 2003) and Mr Raj Bhogaita (Jun 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Keith Kershaw | England | 67 years | Sep 2003 | - | Director |
| Mr Raj Bhogaita | 62 years | Jun 2019 | - | Director | |
| Mr Edward Stanton | United Kingdom | 66 years | Nov 2019 | - | Director |
| Mr Kyle Burke | England | 37 years | Jun 2020 | - | Director |
P&L
December 2020turnover
47.8m
-33%
operating profit
-1.7m
-233%
gross margin
23.9%
+6.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
24.2m
-0.06%
total assets
35.8m
-0.07%
cash
1.6m
+0.54%
net assets
Total assets minus all liabilities
avonside roofing limited company details
company number
02330586
Type
Private limited with Share Capital
industry
43910 - Roofing activities
incorporation date
December 1988
age
37
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2020
previous names
lee roofing services limited (August 2001)
lee roofing services (north west) limited (January 1997)
accountant
-
auditor
GRANT THORNTON UK LLP
address
31st floor 40 bank street, london, E14 5NR
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
avonside roofing 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 found 16 charges/mortgages relating to avonside roofing limited. Currently there are 1 open charges and 15 have been satisfied in the past.
avonside roofing limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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avonside roofing limited Companies House Filings - See Documents
| date | description | view/download |
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