crosslee holdings limited
crosslee holdings limited Company Information
Company Number
02460785
Website
www.crosslee.co.ukRegistered Address
whitehall chambers halifax road, hipperholme, halifax, HX3 8EN
Industry
Manufacture of electric domestic appliances
Telephone
01422203555
Next Accounts Due
December 2024
Group Structure
View All
Directors
David Ross32 Years
Shareholders
david john william ross 45%
david clee 25%
View Allcrosslee holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CROSSLEE HOLDINGS LIMITED at £127.5k based on a Turnover of £199k and 0.64x industry multiple (adjusted for size and gross margin).
crosslee holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CROSSLEE HOLDINGS LIMITED at £684.4k based on an EBITDA of £130k and a 5.26x industry multiple (adjusted for size and gross margin).
crosslee holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CROSSLEE HOLDINGS LIMITED at £18.1m based on Net Assets of £11m and 1.65x industry multiple (adjusted for liquidity).
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Crosslee Holdings Limited Overview
Crosslee Holdings Limited is a live company located in halifax, HX3 8EN with a Companies House number of 02460785. It operates in the manufacture of electric domestic appliances sector, SIC Code 27510. Founded in January 1990, it's largest shareholder is david john william ross with a 45% stake. Crosslee Holdings Limited is a mature, micro sized company, Pomanda has estimated its turnover at £199k with declining growth in recent years.
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Crosslee Holdings Limited Health Check
Pomanda's financial health check has awarded Crosslee Holdings Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
4 Weak
Size
annual sales of £199k, make it smaller than the average company (£25.3m)
£199k - Crosslee Holdings Limited
£25.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -69%, show it is growing at a slower rate (3.8%)
-69% - Crosslee Holdings Limited
3.8% - Industry AVG
Production
with a gross margin of 65.3%, this company has a lower cost of product (32.1%)
65.3% - Crosslee Holdings Limited
32.1% - Industry AVG
Profitability
an operating margin of 65.3% make it more profitable than the average company (4.5%)
65.3% - Crosslee Holdings Limited
4.5% - Industry AVG
Employees
with 9 employees, this is below the industry average (87)
9 - Crosslee Holdings Limited
87 - Industry AVG
Pay Structure
on an average salary of £19.4k, the company has a lower pay structure (£48.1k)
£19.4k - Crosslee Holdings Limited
£48.1k - Industry AVG
Efficiency
resulting in sales per employee of £22.1k, this is less efficient (£263.4k)
£22.1k - Crosslee Holdings Limited
£263.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Crosslee Holdings Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Crosslee Holdings Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Crosslee Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1753 weeks, this is more cash available to meet short term requirements (6 weeks)
1753 weeks - Crosslee Holdings Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.2%, this is a lower level of debt than the average (60.3%)
1.2% - Crosslee Holdings Limited
60.3% - Industry AVG
CROSSLEE HOLDINGS LIMITED financials
Crosslee Holdings Limited's latest turnover from March 2023 is £199 thousand and the company has net assets of £11 million. According to their latest financial statements, Crosslee Holdings Limited has 9 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 199,000 | 91,000 | 110,000 | 6,944,000 | 18,345,000 | 20,291,000 | 26,528,000 | 28,241,000 | 31,165,000 | 37,592,000 | 38,241,000 | 36,558,000 | 42,133,000 | 43,265,000 | 36,053,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 69,000 | 165,000 | -215,000 | 8,965,000 | 19,669,000 | ||||||||||
| Gross Profit | 130,000 | -74,000 | 325,000 | -2,021,000 | -1,324,000 | ||||||||||
| Admin Expenses | 0 | 0 | 0 | 0 | 0 | ||||||||||
| Operating Profit | 130,000 | -74,000 | 325,000 | -2,021,000 | -1,324,000 | 104,000 | 155,000 | -363,000 | 291,000 | 257,000 | 369,000 | 184,000 | 2,625,000 | 2,560,000 | 590,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000 | 18,000 | 6,000 | 37,000 | 32,000 | 28,000 | 28,000 | 81,000 |
| Interest Receivable | 15,000 | 0 | 4,000 | 23,000 | 38,000 | 28,000 | 15,000 | 11,000 | 11,000 | 11,000 | 8,000 | 4,000 | 9,000 | 8,000 | 15,000 |
| Pre-Tax Profit | 145,000 | -74,000 | 329,000 | -1,998,000 | -4,994,000 | 132,000 | 939,000 | -332,000 | 238,000 | 305,000 | 313,000 | 120,000 | 2,589,000 | 2,524,000 | -378,000 |
| Tax | -1,000 | 0 | 0 | 0 | 69,000 | 195,000 | -144,000 | 76,000 | 0 | 71,000 | -9,000 | 342,000 | -800,000 | -762,000 | 80,000 |
| Profit After Tax | 144,000 | -74,000 | 329,000 | -1,998,000 | -4,925,000 | 327,000 | 795,000 | -256,000 | 238,000 | 376,000 | 304,000 | 462,000 | 1,789,000 | 1,762,000 | -298,000 |
| Dividends Paid | 0 | 435,000 | 0 | 0 | 384,000 | 441,000 | 442,000 | 382,000 | 382,000 | 306,000 | 306,000 | 0 | 918,000 | 616,000 | 77,000 |
| Retained Profit | 125,000 | -500,000 | 288,000 | -1,759,000 | -4,704,000 | -156,000 | 248,000 | -604,000 | -178,000 | 14,000 | -48,000 | 389,000 | 572,000 | 840,000 | -323,000 |
| Employee Costs | 175,000 | 73,000 | 187,000 | 1,677,000 | 4,167,000 | 4,647,000 | 5,552,000 | 6,557,000 | 6,853,000 | 7,949,000 | 8,816,000 | 7,660,000 | 9,462,000 | 11,684,000 | 8,223,000 |
| Number Of Employees | 9 | 7 | 10 | 69 | 161 | 178 | 212 | 242 | 312 | 349 | 387 | 344 | 396 | 434 | 387 |
| EBITDA* | 130,000 | -74,000 | 325,000 | -2,016,000 | -897,000 | 511,000 | 565,000 | 82,000 | 726,000 | 709,000 | 852,000 | 700,000 | 3,141,000 | 3,110,000 | 1,161,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 9,000 | 7,391,000 | 9,590,000 | 7,937,000 | 8,100,000 | 7,327,000 | 7,417,000 | 7,754,000 | 14,046,000 | 14,179,000 | 14,341,000 | 10,405,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 621,000 | 597,000 | 643,000 | 600,000 | 627,000 | 663,000 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 680,000 | 696,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,859,000 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 9,000 | 7,391,000 | 9,590,000 | 7,937,000 | 8,721,000 | 7,924,000 | 8,060,000 | 10,213,000 | 14,673,000 | 14,842,000 | 15,021,000 | 11,101,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 4,365,000 | 6,335,000 | 6,038,000 | 5,757,000 | 9,610,000 | 8,814,000 | 7,884,000 | 5,839,000 | 8,631,000 | 7,130,000 | 4,261,000 |
| Trade Debtors | 0 | 0 | 7,000 | 245,000 | 1,575,000 | 2,789,000 | 2,530,000 | 1,939,000 | 2,248,000 | 3,738,000 | 2,887,000 | 3,965,000 | 2,353,000 | 3,266,000 | 2,491,000 |
| Group Debtors | 9,655,000 | 9,307,000 | 8,544,000 | 7,367,000 | 0 | 0 | 0 | 365,000 | 400,000 | 354,000 | 364,000 | 389,000 | 305,000 | 564,000 | 779,000 |
| Misc Debtors | 138,000 | 137,000 | 291,000 | 399,000 | 357,000 | 388,000 | 715,000 | 417,000 | 424,000 | 2,405,000 | 2,702,000 | 139,000 | 222,000 | 519,000 | 495,000 |
| Cash | 2,833,000 | 3,225,000 | 4,462,000 | 5,987,000 | 5,537,000 | 5,159,000 | 6,356,000 | 5,660,000 | 2,845,000 | 812,000 | 1,061,000 | 590,000 | 833,000 | 1,728,000 | 458,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,626,000 | 12,669,000 | 13,304,000 | 13,998,000 | 11,834,000 | 14,671,000 | 15,639,000 | 14,138,000 | 15,527,000 | 16,123,000 | 14,898,000 | 10,922,000 | 12,344,000 | 13,207,000 | 8,484,000 |
| total assets | 12,626,000 | 12,669,000 | 13,304,000 | 14,007,000 | 19,225,000 | 24,261,000 | 23,576,000 | 22,859,000 | 23,451,000 | 24,183,000 | 25,111,000 | 25,595,000 | 27,186,000 | 28,228,000 | 19,585,000 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 0 | 3,000 | 131,000 | 437,000 | 2,083,000 | 1,802,000 | 2,424,000 | 2,245,000 | 2,932,000 | 3,160,000 | 2,827,000 | 3,025,000 | 2,937,000 | 4,983,000 | 2,541,000 |
| Group/Directors Accounts | 0 | 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 | 12,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 84,000 | 110,000 | 108,000 | 924,000 | 535,000 | 742,000 | 831,000 | 673,000 | 775,000 | 984,000 | 2,150,000 | 1,044,000 | 2,824,000 | 2,137,000 | 1,120,000 |
| total current liabilities | 84,000 | 113,000 | 239,000 | 1,361,000 | 2,618,000 | 2,544,000 | 3,255,000 | 2,930,000 | 3,707,000 | 4,144,000 | 4,977,000 | 4,069,000 | 5,761,000 | 7,120,000 | 3,661,000 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
| provisions | 67,000 | 225,000 | 225,000 | 135,000 | 2,846,000 | 1,251,000 | 1,083,000 | 1,055,000 | 1,032,000 | 355,000 | 348,000 | 276,000 | 426,000 | 640,000 | 535,000 |
| total long term liabilities | 67,000 | 225,000 | 225,000 | 135,000 | 2,846,000 | 1,251,000 | 1,083,000 | 1,055,000 | 1,032,000 | 355,000 | 348,000 | 276,000 | 426,000 | 640,000 | 535,000 |
| total liabilities | 151,000 | 338,000 | 464,000 | 1,496,000 | 5,464,000 | 3,795,000 | 4,338,000 | 3,985,000 | 4,739,000 | 4,499,000 | 5,325,000 | 4,345,000 | 6,187,000 | 7,760,000 | 4,196,000 |
| net assets | 10,975,000 | 10,850,000 | 11,299,000 | 11,011,000 | 12,070,000 | 17,861,000 | 16,705,000 | 16,335,000 | 16,064,000 | 16,864,000 | 16,760,000 | 17,887,000 | 17,484,000 | 16,920,000 | 12,693,000 |
| total shareholders funds | 10,975,000 | 10,850,000 | 11,299,000 | 11,011,000 | 12,070,000 | 17,861,000 | 16,705,000 | 16,335,000 | 16,064,000 | 16,864,000 | 16,760,000 | 17,887,000 | 17,484,000 | 16,920,000 | 12,693,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 130,000 | -74,000 | 325,000 | -2,021,000 | -1,324,000 | 104,000 | 155,000 | -363,000 | 291,000 | 257,000 | 369,000 | 184,000 | 2,625,000 | 2,560,000 | 590,000 |
| Depreciation | 0 | 0 | 0 | 5,000 | 427,000 | 407,000 | 410,000 | 428,000 | 418,000 | 435,000 | 466,000 | 499,000 | 499,000 | 533,000 | 554,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,000 | 17,000 | 17,000 | 17,000 | 17,000 | 17,000 | 17,000 | 17,000 |
| Tax | -1,000 | 0 | 0 | 0 | 69,000 | 195,000 | -144,000 | 76,000 | 0 | 71,000 | -9,000 | 342,000 | -800,000 | -762,000 | 80,000 |
| Stock | 0 | 0 | 0 | -4,365,000 | -1,970,000 | 297,000 | 281,000 | -3,853,000 | 796,000 | 930,000 | 2,045,000 | -2,792,000 | 1,501,000 | 2,869,000 | 4,261,000 |
| Debtors | 349,000 | 602,000 | 831,000 | 6,079,000 | -1,245,000 | -68,000 | 524,000 | -351,000 | -3,425,000 | -1,315,000 | 3,319,000 | 1,613,000 | -1,469,000 | 584,000 | 3,765,000 |
| Creditors | -3,000 | -128,000 | -306,000 | -1,646,000 | 281,000 | -622,000 | 179,000 | -687,000 | -228,000 | 333,000 | -198,000 | 88,000 | -2,046,000 | 2,442,000 | 2,541,000 |
| Accruals and Deferred Income | -26,000 | 2,000 | -816,000 | 389,000 | -207,000 | -89,000 | 158,000 | -102,000 | -209,000 | -1,166,000 | 1,106,000 | -1,780,000 | 687,000 | 1,017,000 | 1,120,000 |
| Deferred Taxes & Provisions | -158,000 | 0 | 90,000 | -2,711,000 | 1,595,000 | 168,000 | 28,000 | 23,000 | 677,000 | 7,000 | 72,000 | -150,000 | -214,000 | 105,000 | 535,000 |
| Cash flow from operations | -407,000 | -802,000 | -1,538,000 | -7,698,000 | 4,056,000 | -66,000 | -19,000 | 3,596,000 | 3,595,000 | 339,000 | -3,541,000 | 379,000 | 736,000 | 2,459,000 | -2,589,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -218,000 | 1,144,000 | -196,000 | -318,000 | -98,000 | 1,939,000 | -366,000 | -336,000 | -373,000 | -81,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -680,000 | -16,000 | 696,000 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -218,000 | 1,144,000 | -196,000 | -318,000 | -98,000 | 1,939,000 | -366,000 | 344,000 | -357,000 | -777,000 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 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 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -12,000 | 12,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 15,000 | 0 | 4,000 | 23,000 | 38,000 | 28,000 | 15,000 | 7,000 | -7,000 | 5,000 | -29,000 | -28,000 | -19,000 | -20,000 | -66,000 |
| cash flow from financing | 15,000 | 51,000 | 4,000 | 723,000 | -1,049,000 | 1,340,000 | 125,000 | 894,000 | -629,000 | 95,000 | -1,108,000 | -14,000 | -27,000 | 3,367,000 | 12,950,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -392,000 | -1,237,000 | -1,525,000 | 450,000 | 378,000 | -1,197,000 | 696,000 | 2,815,000 | 2,033,000 | -249,000 | 471,000 | -243,000 | -895,000 | 1,270,000 | 458,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -392,000 | -1,237,000 | -1,525,000 | 450,000 | 378,000 | -1,197,000 | 696,000 | 2,815,000 | 2,033,000 | -249,000 | 471,000 | -243,000 | -895,000 | 1,270,000 | 458,000 |
crosslee holdings limited Credit Report and Business Information
Crosslee Holdings Limited Competitor Analysis
Perform a competitor analysis for crosslee holdings limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in HX3 area or any other competitors across 12 key performance metrics.
crosslee holdings limited Ownership
CROSSLEE HOLDINGS LIMITED group structure
Crosslee Holdings Limited has 1 subsidiary company.
crosslee holdings limited directors
Crosslee Holdings Limited currently has 1 director, Mr David Ross serving since Jan 1992.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Ross | United Kingdom | 81 years | Jan 1992 | - | Director |
P&L
March 2023turnover
199k
+119%
operating profit
130k
-276%
gross margin
65.4%
-180.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
11m
+0.01%
total assets
12.6m
0%
cash
2.8m
-0.12%
net assets
Total assets minus all liabilities
crosslee holdings limited company details
company number
02460785
Type
Private limited with Share Capital
industry
27510 - Manufacture of electric domestic appliances
incorporation date
January 1990
age
34
incorporated
UK
accounts
Group
ultimate parent company
previous names
quickchart limited (June 1990)
last accounts submitted
March 2023
address
whitehall chambers halifax road, hipperholme, halifax, HX3 8EN
accountant
-
auditor
WALTER DAWSON & SON
crosslee holdings 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 crosslee holdings limited.
crosslee holdings limited Companies House Filings - See Documents
| date | description | view/download |
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