Abalone Building Services Limited

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abalone building services limited Company Information

Live (In Liquidation)

MatureSmallDeclining

Company Number

02418712

Next Accounts

174 days late

Industry

Other building completion and finishing

Combined facilities support activities

Directors

Kevin O'Connor

Stephen Stringer

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Shareholders

mr kevin o'connor

mr stephen william stringer

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Group Structure

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Contact

Registered Address

68 ship street, brighton, east sussex, BN1 1AE

Website

abalone building services limited Estimated Valuation

£171.3k

Pomanda estimates the enterprise value of ABALONE BUILDING SERVICES LIMITED at £171.3k based on a Turnover of £614.8k and 0.28x industry multiple (adjusted for size and gross margin).

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Abalone Building Services Limited is a live company located in east sussex, BN1 1AE with a Companies House number of 02418712. It operates in the other building completion and finishing sector, SIC Code 43390. Founded in August 1989, it's largest shareholder is mr kevin o'connor with a 33.3% stake. Abalone Building Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £614.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Abalone Building Services Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £614.8k, make it smaller than the average company (£4.5m)

Growth

3 year (CAGR) sales growth of -26%, show it is growing at a slower rate (5.3%)

EXPORT

Abalone Building Services Limited's latest turnover from August 2022 is estimated at £614.8 thousand and the company has net assets of £780. According to their latest financial statements, Abalone Building Services Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	614,821	590,946	1,296,023	1,541,932	1,487,384	1,791,263	1,475,243	1,405,130	1,292,755	1,199,417	1,087,484	1,239,491	1,178,949	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	534,220	513,876	1,112,568	1,316,027	1,256,085	1,504,356	1,241,345	1,169,441	1,071,929	997,524	899,944	1,030,562	973,082	0
Gross Profit	80,601	77,070	183,455	225,905	231,299	286,907	233,898	235,689	220,825	201,892	187,540	208,929	205,867	0
Admin Expenses	81,475	78,107	186,293	223,912	229,605	285,603	233,600	237,970	217,790	202,526	186,687	209,952	208,535	-6,413
Operating Profit	-874	-1,037	-2,838	1,993	1,694	1,304	298	-2,281	3,035	-634	853	-1,023	-2,668	6,413
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	2	3	2	3	3	3	78	89	13
Pre-Tax Profit	-874	-1,037	-2,838	1,993	1,694	1,306	301	-2,279	3,038	-631	857	-945	-2,579	6,426
Tax	0	0	0	-379	-322	-248	-60	0	-638	0	-206	0	0	-1,799
Profit After Tax	-874	-1,037	-2,838	1,614	1,372	1,058	241	-2,279	2,400	-631	651	-945	-2,579	4,627
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-874	-1,037	-2,838	1,614	1,372	1,058	241	-2,279	2,400	-631	651	-945	-2,579	4,627
Employee Costs	150,801	143,727	210,247	208,972	206,076	324,302	289,190	260,534	250,442	208,489	193,220	225,414	224,197	0
Number Of Employees	5	5	7	7	7	11	9	8	8	7	7	8	8	0
EBITDA*	-874	-1,037	-2,838	1,993	1,694	1,304	7,868	6,255	11,925	8,423	9,801	9,354	9,603	6,413

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	26,231	31,410	37,687	40,992	42,809	36,303	40,135	44,676	45,459	44,756	43,958	47,146	54,000	50,808
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)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	26,231	31,410	37,687	40,992	42,809	36,303	40,135	44,676	45,459	44,756	43,958	47,146	54,000	50,808
Stock & work in progress	0	0	0	0	0	0	57,753	48,190	55,275	40,115	45,250	40,450	48,725	55,250
Trade Debtors	141,819	148,362	312,668	357,148	334,264	367,987	272,987	298,387	277,796	238,262	210,629	235,119	248,410	171,494
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	0	0	0	0	0	0	1,733	506	471	797	518	811	30,359	5,226
misc current assets	0	0	0	0	0	0	0	1,300	1,300	1,300	1,300	1,300	1,300	1,300
total current assets	141,819	148,362	312,668	357,148	334,264	367,987	332,473	348,383	334,842	280,474	257,697	277,680	328,794	233,270
total assets	168,050	179,772	350,355	398,140	377,073	404,290	372,608	393,059	380,301	325,230	301,655	324,826	382,794	284,078
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	136,019	138,534	305,997	392,611	373,158	401,747	366,156	391,716	370,341	301,481	299,802	323,624	320,647	219,352
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	136,019	138,534	305,997	392,611	373,158	401,747	366,156	391,716	370,341	301,481	299,802	323,624	320,647	219,352
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	31,251	39,584	41,667	0	0	0	4,868	0	6,338	22,527	0	0	60,000	60,000
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	31,251	39,584	41,667	0	0	0	4,868	0	6,338	22,527	0	0	60,000	60,000
total liabilities	167,270	178,118	347,664	392,611	373,158	401,747	371,024	391,716	376,679	324,008	299,802	323,624	380,647	279,352
net assets	780	1,654	2,691	5,529	3,915	2,543	1,584	1,343	3,622	1,222	1,853	1,202	2,147	4,726
total shareholders funds	780	1,654	2,691	5,529	3,915	2,543	1,584	1,343	3,622	1,222	1,853	1,202	2,147	4,726

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-874	-1,037	-2,838	1,993	1,694	1,304	298	-2,281	3,035	-634	853	-1,023	-2,668	6,413
Depreciation	0	0	0	0	0	0	7,570	8,536	8,890	9,057	8,948	10,377	12,271	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-379	-322	-248	-60	0	-638	0	-206	0	0	-1,799
Stock	0	0	0	0	0	-57,753	9,563	-7,085	15,160	-5,135	4,800	-8,275	-6,525	55,250
Debtors	-6,543	-164,306	-44,480	22,884	-33,723	95,000	-25,400	20,591	39,534	27,633	-24,490	-13,291	76,916	171,494
Creditors	-2,515	-167,463	-86,614	19,453	-28,589	35,591	-25,560	21,375	68,860	1,679	-23,822	2,977	101,295	219,352
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	3,154	-4,194	-44,972	-1,817	6,506	-600	-1,915	14,124	25,453	-12,396	5,463	33,897	40,507	-2,778
Investing Activities
capital expenditure	5,179	6,277	3,305	1,817	-6,506	3,832	-3,029	-7,753	-9,593	-9,855	-5,760	-3,523	-15,463	-50,808
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	5,179	6,277	3,305	1,817	-6,506	3,832	-3,029	-7,753	-9,593	-9,855	-5,760	-3,523	-15,463	-50,808
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	-8,333	-2,083	41,667	0	0	-4,868	4,868	-6,338	-16,189	22,527	0	-60,000	0	60,000
share issue	0	0	0	0	0	-99	0	0	0	0	0	0	0	99
interest	0	0	0	0	0	2	3	2	3	3	3	78	89	13
cash flow from financing	-8,333	-2,083	41,667	0	0	-4,965	4,871	-6,336	-16,186	22,530	3	-59,922	89	60,112
cash and cash equivalents
cash	0	0	0	0	0	-1,733	1,227	35	-326	279	-293	-29,548	25,133	5,226
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-1,733	1,227	35	-326	279	-293	-29,548	25,133	5,226

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ABALONE BUILDING SERVICES LIMITED group structure

Abalone Building Services Limited has no subsidiary companies.

Ultimate parent company

ABALONE BUILDING SERVICES LIMITED

02418712

ABALONE BUILDING SERVICES LIMITED Shareholders

mr kevin o'connor	33.33%
mr stephen william stringer	33.33%
mr john reginald o'connor	33.33%

Abalone Building Services Limited currently has 3 directors. The longest serving directors include Mr Kevin O'Connor (Aug 1992) and Mr Stephen Stringer (Aug 1992).

officer	country	age	start	end	role
Mr Kevin O'Connor	United Kingdom	65 years	Aug 1992	-	Director
Mr Stephen Stringer		80 years	Aug 1992	-	Director
Mr John O'Connor	United Kingdom	70 years	Aug 1992	-	Director

P&L

August 2022

turnover

614.8k

+4%

operating profit

-874

gross margin

13.2%

+0.52%

turnover

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

Balance Sheet

August 2022

net assets

780

-0.53%

total assets

168.1k

-0.07%

cash

net assets

Total assets minus all liabilities

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company number

02418712

Type

Private limited with Share Capital

industry

43390 - Other building completion and finishing

81100 - Combined facilities support activities

incorporation date

August 1989

ultimate parent company

None

previous names

N/A

address

68 ship street, brighton, east sussex, BN1 1AE

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 2 charges/mortgages relating to abalone building services limited. Currently there are 1 open charges and 1 have been satisfied in the past.

abalone building services limited Company Information

abalone building services limited Estimated Valuation

abalone building services limited Estimated Valuation

abalone building services limited Estimated Valuation

Abalone Building Services Limited Overview

Abalone Building Services Limited Health Check

ABALONE BUILDING SERVICES LIMITED financials

abalone building services limited Credit Report and Business Information

Abalone Building Services Limited Competitor Analysis

abalone building services limited Ownership

abalone building services limited directors

abalone building services limited company details

abalone building services limited Charges & Mortgages

abalone building services limited Companies House Filings - See Documents