ashi group limited
ashi group limited Company Information
Company Number
02540020
Next Accounts
50 days late
Shareholders
anglian group ltd
Group Structure
View All
Industry
Glazing
+1Registered Address
liberator road liberator road, norwich, NR6 6EU
Website
https://www.everest.co.uk/ashi group limited Estimated Valuation
Pomanda estimates the enterprise value of ASHI GROUP LIMITED at £192.3m based on a Turnover of £208.4m and 0.92x industry multiple (adjusted for size and gross margin).
ashi group limited Estimated Valuation
Pomanda estimates the enterprise value of ASHI GROUP LIMITED at £45.6m based on an EBITDA of £5.7m and a 8.03x industry multiple (adjusted for size and gross margin).
ashi group limited Estimated Valuation
Pomanda estimates the enterprise value of ASHI GROUP LIMITED at £69.1m based on Net Assets of £33.6m and 2.06x industry multiple (adjusted for liquidity).
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Ashi Group Limited Overview
Ashi Group Limited is a live company located in norwich, NR6 6EU with a Companies House number of 02540020. It operates in the manufacture of builders ware of plastic sector, SIC Code 22230. Founded in September 1990, it's largest shareholder is anglian group ltd with a 100% stake. Ashi Group Limited is a mature, mega sized company, Pomanda has estimated its turnover at £208.4m with low growth in recent years.
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Ashi Group Limited Health Check
Pomanda's financial health check has awarded Ashi Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £208.4m, make it larger than the average company (£10.8m)
£208.4m - Ashi Group Limited
£10.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6.8%)
1% - Ashi Group Limited
6.8% - Industry AVG
Production
with a gross margin of 29.2%, this company has a comparable cost of product (29.2%)
29.2% - Ashi Group Limited
29.2% - Industry AVG
Profitability
an operating margin of 1.8% make it less profitable than the average company (6.2%)
1.8% - Ashi Group Limited
6.2% - Industry AVG
Employees
with 1332 employees, this is above the industry average (59)
1332 - Ashi Group Limited
59 - Industry AVG
Pay Structure
on an average salary of £38.1k, the company has an equivalent pay structure (£33.1k)
£38.1k - Ashi Group Limited
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £156.5k, this is equally as efficient (£144.7k)
£156.5k - Ashi Group Limited
£144.7k - Industry AVG
Debtor Days
it gets paid by customers after 20 days, this is earlier than average (45 days)
20 days - Ashi Group Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is close to average (43 days)
46 days - Ashi Group Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 26 days, this is less than average (32 days)
26 days - Ashi Group Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (16 weeks)
5 weeks - Ashi Group Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.4%, this is a higher level of debt than the average (61.3%)
73.4% - Ashi Group Limited
61.3% - Industry AVG
ASHI GROUP LIMITED financials
Ashi Group Limited's latest turnover from April 2023 is £208.4 million and the company has net assets of £33.6 million. According to their latest financial statements, Ashi Group Limited has 1,332 employees and maintains cash reserves of £7.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 208,412,000 | 180,899,000 | 121,605,000 | 203,318,000 | 216,790,000 | 227,131,000 | 237,010,000 | 214,386,000 | 229,549,000 | 229,154,000 | 208,669,000 | 202,142,000 | 207,989,000 | 207,265,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 3,740,000 | 3,806,000 | -4,668,000 | 43,000 | -12,145,000 | -1,006,000 | -1,468,000 | -5,027,000 | -5,584,000 | 10,991,000 | 7,494,000 | 11,066,000 | 17,929,000 | 10,539,000 |
| Interest Payable | 2,424,000 | 1,418,000 | 1,149,000 | 758,000 | 1,408,000 | 844,000 | 871,000 | 1,228,000 | 803,000 | 276,000 | 214,000 | 157,000 | 238,000 | 214,000 |
| Interest Receivable | 81,000 | 405,000 | 0 | 0 | 15,000 | 5,000 | 18,000 | 38,000 | 17,000 | 24,000 | 60,000 | 122,000 | 156,000 | 448,000 |
| Pre-Tax Profit | 1,397,000 | 2,793,000 | -5,817,000 | -715,000 | -13,538,000 | -1,845,000 | -2,321,000 | -7,077,000 | 4,798,000 | 10,739,000 | 7,340,000 | 13,531,000 | 17,847,000 | 10,704,000 |
| Tax | 1,739,000 | 1,147,000 | 0 | 0 | 0 | 599,000 | 163,000 | 888,000 | -1,208,000 | -2,768,000 | -1,927,000 | -3,300,000 | -5,518,000 | -2,761,000 |
| Profit After Tax | 3,136,000 | 3,940,000 | -5,817,000 | -715,000 | -13,538,000 | -1,246,000 | -2,158,000 | -6,189,000 | 3,590,000 | 7,971,000 | 5,413,000 | 10,231,000 | 12,329,000 | 7,943,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000,000 | 10,000,000 | 0 | 9,500,000 | 14,600,000 | 5,500,000 |
| Retained Profit | 3,136,000 | 3,940,000 | -5,817,000 | -715,000 | -13,538,000 | -1,246,000 | -2,158,000 | -6,189,000 | -4,410,000 | -2,029,000 | 5,413,000 | 731,000 | -2,271,000 | 2,443,000 |
| Employee Costs | 50,781,000 | 46,670,000 | 43,697,000 | 49,808,000 | 53,409,000 | 53,542,000 | 57,051,000 | 55,145,000 | 56,732,000 | 54,008,000 | 51,349,000 | 51,186,000 | 51,578,000 | 54,058,000 |
| Number Of Employees | 1,332 | 1,269 | 1,367 | 1,540 | 1,573 | 1,586 | 1,712 | 1,810 | 1,953 | 1,961 | 1,964 | 2,018 | 2,004 | 2,056 |
| EBITDA* | 5,678,000 | 5,721,000 | -2,255,000 | 4,196,000 | -7,081,000 | 4,103,000 | 3,012,000 | -787,000 | -2,170,000 | 14,429,000 | 10,163,000 | 13,370,000 | 20,556,000 | 13,887,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 15,855,000 | 12,172,000 | 11,646,000 | 13,668,000 | 16,934,000 | 19,128,000 | 15,613,000 | 15,192,000 | 15,972,000 | 11,493,000 | 11,374,000 | 8,632,000 | 7,287,000 | 8,368,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 225,000 | 238,000 | 252,000 | 0 |
| Investments & Other | 61,010,000 | 60,319,000 | 3,350,000 | 3,350,000 | 3,350,000 | 3,350,000 | 3,350,000 | 3,350,000 | 4,210,000 | 4,210,000 | 4,210,000 | 4,210,000 | 4,210,000 | 7,211,000 |
| Debtors (Due After 1 year) | 5,576,000 | 3,871,000 | 2,742,000 | 2,742,000 | 2,742,000 | 2,742,000 | 2,041,000 | 1,638,000 | 1,124,000 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 82,441,000 | 76,362,000 | 17,738,000 | 19,760,000 | 23,026,000 | 25,220,000 | 21,004,000 | 20,180,000 | 21,306,000 | 15,703,000 | 15,809,000 | 13,080,000 | 11,749,000 | 15,579,000 |
| Stock & work in progress | 10,533,000 | 11,385,000 | 9,508,000 | 9,665,000 | 9,948,000 | 10,380,000 | 11,881,000 | 7,981,000 | 9,872,000 | 8,891,000 | 8,214,000 | 6,808,000 | 6,080,000 | 6,175,000 |
| Trade Debtors | 11,719,000 | 9,678,000 | 7,563,000 | 9,898,000 | 9,507,000 | 13,933,000 | 12,178,000 | 9,915,000 | 87,634,000 | 9,211,000 | 9,010,000 | 7,737,000 | 4,905,000 | 4,734,000 |
| Group Debtors | 0 | 0 | 49,554,000 | 49,429,000 | 52,322,000 | 52,210,000 | 63,302,000 | 63,694,000 | 0 | 72,758,000 | 78,715,000 | 61,663,000 | 64,385,000 | 67,238,000 |
| Misc Debtors | 14,279,000 | 15,544,000 | 11,521,000 | 11,153,000 | 11,693,000 | 10,991,000 | 12,170,000 | 10,731,000 | 0 | 12,605,000 | 10,948,000 | 11,492,000 | 14,356,000 | 17,128,000 |
| Cash | 7,117,000 | 14,135,000 | 11,930,000 | 9,366,000 | 1,919,000 | 7,538,000 | 6,650,000 | 10,116,000 | 10,270,000 | 12,956,000 | 6,208,000 | 25,578,000 | 18,441,000 | 14,619,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 43,648,000 | 50,742,000 | 90,076,000 | 89,511,000 | 85,389,000 | 95,052,000 | 106,181,000 | 102,437,000 | 107,776,000 | 116,421,000 | 113,095,000 | 113,278,000 | 108,167,000 | 109,894,000 |
| total assets | 126,089,000 | 127,104,000 | 107,814,000 | 109,271,000 | 108,415,000 | 120,272,000 | 127,185,000 | 122,617,000 | 129,082,000 | 132,124,000 | 128,904,000 | 126,358,000 | 119,916,000 | 125,473,000 |
| 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 | 18,963,000 | 15,373,000 | 13,914,000 | 18,006,000 | 17,043,000 | 16,348,000 | 19,538,000 | 14,914,000 | 19,614,000 | 15,679,000 | 13,265,000 | 16,987,000 | 11,467,000 | 9,065,000 |
| Group/Directors Accounts | 7,275,000 | 7,252,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 450,000 | 7,342,000 | 0 | 4,109,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 31,000 | 514,000 | 1,651,000 | 1,805,000 | 2,292,000 | 2,767,000 | 2,120,000 | 1,983,000 | 1,728,000 | 1,398,000 | 1,327,000 | 346,000 | 0 | 17,000 |
| other current liabilities | 37,631,000 | 47,412,000 | 45,877,000 | 40,712,000 | 44,034,000 | 41,643,000 | 42,369,000 | 40,588,000 | 35,645,000 | 39,437,000 | 37,217,000 | 38,577,000 | 37,628,000 | 40,421,000 |
| total current liabilities | 64,350,000 | 77,893,000 | 61,442,000 | 64,632,000 | 63,369,000 | 60,758,000 | 64,027,000 | 57,485,000 | 56,987,000 | 56,514,000 | 51,809,000 | 55,910,000 | 49,095,000 | 49,503,000 |
| loans | 19,705,000 | 12,260,000 | 9,768,000 | 2,110,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 2,931,000 | 14,000 | 663,000 | 1,825,000 | 3,660,000 | 5,753,000 | 3,761,000 | 3,782,000 | 4,552,000 | 3,302,000 | 2,515,000 | 1,019,000 | 0 | 0 |
| Accruals and Deferred Income | 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 |
| provisions | 5,520,000 | 6,490,000 | 9,434,000 | 8,380,000 | 8,347,000 | 7,184,000 | 11,574,000 | 11,369,000 | 6,917,000 | 6,831,000 | 7,074,000 | 7,336,000 | 9,459,000 | 12,337,000 |
| total long term liabilities | 28,156,000 | 18,764,000 | 19,865,000 | 12,315,000 | 12,007,000 | 12,937,000 | 15,335,000 | 15,151,000 | 11,469,000 | 10,133,000 | 9,589,000 | 8,355,000 | 9,459,000 | 12,337,000 |
| total liabilities | 92,506,000 | 96,657,000 | 81,307,000 | 76,947,000 | 75,376,000 | 73,695,000 | 79,362,000 | 72,636,000 | 68,456,000 | 66,647,000 | 61,398,000 | 64,265,000 | 58,554,000 | 61,840,000 |
| net assets | 33,583,000 | 30,447,000 | 26,507,000 | 32,324,000 | 33,039,000 | 46,577,000 | 47,823,000 | 49,981,000 | 60,626,000 | 65,477,000 | 67,506,000 | 62,093,000 | 61,362,000 | 63,633,000 |
| total shareholders funds | 33,583,000 | 30,447,000 | 26,507,000 | 32,324,000 | 33,039,000 | 46,577,000 | 47,823,000 | 49,981,000 | 60,626,000 | 65,477,000 | 67,506,000 | 62,093,000 | 61,362,000 | 63,633,000 |
| Apr 2023 | Apr 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Apr 2017 | Apr 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,740,000 | 3,806,000 | -4,668,000 | 43,000 | -12,145,000 | -1,006,000 | -1,468,000 | -5,027,000 | -5,584,000 | 10,991,000 | 7,494,000 | 11,066,000 | 17,929,000 | 10,539,000 |
| Depreciation | 1,938,000 | 1,915,000 | 2,413,000 | 4,153,000 | 5,064,000 | 5,109,000 | 4,480,000 | 4,240,000 | 3,414,000 | 3,438,000 | 2,669,000 | 2,304,000 | 2,627,000 | 3,348,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 1,739,000 | 1,147,000 | 0 | 0 | 0 | 599,000 | 163,000 | 888,000 | -1,208,000 | -2,768,000 | -1,927,000 | -3,300,000 | -5,518,000 | -2,761,000 |
| Stock | -852,000 | 1,877,000 | -157,000 | -283,000 | -432,000 | -1,501,000 | 3,900,000 | -1,891,000 | 981,000 | 677,000 | 1,406,000 | 728,000 | -95,000 | 6,175,000 |
| Debtors | 2,481,000 | -42,287,000 | -1,842,000 | -3,042,000 | -3,612,000 | -9,815,000 | 3,713,000 | -2,780,000 | -5,816,000 | -4,099,000 | 17,781,000 | -2,754,000 | -5,454,000 | 89,100,000 |
| Creditors | 3,590,000 | 1,459,000 | -4,092,000 | 963,000 | 695,000 | -3,190,000 | 4,624,000 | -4,700,000 | 3,935,000 | 2,414,000 | -3,722,000 | 5,520,000 | 2,402,000 | 9,065,000 |
| Accruals and Deferred Income | -9,781,000 | 1,535,000 | 5,165,000 | -3,322,000 | 2,391,000 | -726,000 | 1,781,000 | 4,943,000 | -3,792,000 | 2,220,000 | -1,360,000 | 949,000 | -2,793,000 | 40,421,000 |
| Deferred Taxes & Provisions | -970,000 | -2,944,000 | 1,054,000 | 33,000 | 1,163,000 | -4,390,000 | 205,000 | 4,452,000 | 86,000 | -243,000 | -262,000 | -2,123,000 | -2,878,000 | 12,337,000 |
| Cash flow from operations | -1,373,000 | 47,328,000 | 1,871,000 | 5,195,000 | 1,212,000 | 7,712,000 | 2,172,000 | 9,467,000 | 1,686,000 | 19,474,000 | -16,295,000 | 16,442,000 | 17,318,000 | -22,326,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 691,000 | 56,969,000 | 0 | 0 | 0 | 0 | 0 | -860,000 | 0 | 0 | 0 | 0 | -3,001,000 | 7,211,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 23,000 | 7,252,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -6,892,000 | 7,342,000 | -4,109,000 | 4,109,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 7,445,000 | 2,492,000 | 7,658,000 | 2,110,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 2,434,000 | -1,786,000 | -1,316,000 | -2,322,000 | -2,568,000 | 2,639,000 | 116,000 | -515,000 | 1,580,000 | 858,000 | 2,477,000 | 1,365,000 | -17,000 | 17,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -2,343,000 | -1,013,000 | -1,149,000 | -758,000 | -1,393,000 | -839,000 | -853,000 | -1,190,000 | -786,000 | -252,000 | -154,000 | -35,000 | -82,000 | 234,000 |
| cash flow from financing | 667,000 | 14,287,000 | 1,084,000 | 3,139,000 | -3,961,000 | 1,800,000 | -737,000 | -6,161,000 | 353,000 | 606,000 | 2,323,000 | 1,330,000 | -99,000 | 61,441,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -7,018,000 | 2,205,000 | 2,564,000 | 7,447,000 | -5,619,000 | 888,000 | -3,466,000 | -154,000 | -2,686,000 | 6,748,000 | -19,370,000 | 7,137,000 | 3,822,000 | 14,619,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -7,018,000 | 2,205,000 | 2,564,000 | 7,447,000 | -5,619,000 | 888,000 | -3,466,000 | -154,000 | -2,686,000 | 6,748,000 | -19,370,000 | 7,137,000 | 3,822,000 | 14,619,000 |
ashi group limited Credit Report and Business Information
Ashi Group Limited Competitor Analysis
Perform a competitor analysis for ashi group limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NR6 area or any other competitors across 12 key performance metrics.
ashi group limited Ownership
ASHI GROUP LIMITED group structure
Ashi Group Limited has 21 subsidiary companies.
Ultimate parent company
ALCHEMY PARTNERS LP INC
#0086573
2 parents
ASHI GROUP LIMITED
02540020
21 subsidiaries
ashi group limited directors
Ashi Group Limited currently has 5 directors. The longest serving directors include Mr Martin Rutter (Jul 2015) and Mrs Rachael Munby (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Rutter | England | 52 years | Jul 2015 | - | Director |
| Mrs Rachael Munby | England | 49 years | Sep 2020 | - | Director |
| Mr Philip Tweedie | United Kingdom | 63 years | Sep 2020 | - | Director |
| Ms Sandra Okes-Voysey | England | 58 years | Jul 2021 | - | Director |
| Mr Benjamin Dack | United Kingdom | 39 years | Mar 2023 | - | Director |
P&L
April 2023turnover
208.4m
+15%
operating profit
3.7m
-2%
gross margin
29.2%
+5.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
33.6m
+0.1%
total assets
126.1m
-0.01%
cash
7.1m
-0.5%
net assets
Total assets minus all liabilities
Similar Companies
ashi group limited company details
company number
02540020
Type
Private limited with Share Capital
industry
43342 - Glazing
22230 - Manufacture of builders’ ware of plastic
incorporation date
September 1990
age
35
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2023
previous names
anglian windows limited (January 2024)
accountant
-
auditor
BDO LLP
address
liberator road liberator road, norwich, NR6 6EU
Bank
BARCLAYS BANK PLC
Legal Advisor
-
ashi group 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 21 charges/mortgages relating to ashi group limited. Currently there are 6 open charges and 15 have been satisfied in the past.
ashi group 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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ashi group limited Companies House Filings - See Documents
| date | description | view/download |
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