Advanced Turf Machinery Limited

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advanced turf machinery limited Company Information

Live

MatureMicroDeclining

Company Number

02548463

Website

advancedturfmachinery.co.uk

Registered Address

spinney works cranfield road, woburn sands, milton keynes, MK17 8UR

Industry

Repair of household appliances and home and garden equipment

Telephone

01908281660

Next Accounts Due

July 2025

Group Structure

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Directors

Michael Brandon33 Years

John Drake33 Years

Shareholders

michael edwin brandon 40%

philip menday 30%

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advanced turf machinery limited Estimated Valuation

£349.2k

Pomanda estimates the enterprise value of ADVANCED TURF MACHINERY LIMITED at £349.2k based on Net Assets of £273.2k and 1.28x industry multiple (adjusted for liquidity).

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Advanced Turf Machinery Limited is a live company located in milton keynes, MK17 8UR with a Companies House number of 02548463. It operates in the repair of household appliances and home and garden equipment sector, SIC Code 95220. Founded in October 1990, it's largest shareholder is michael edwin brandon with a 40% stake. Advanced Turf Machinery Limited is a mature, micro sized company, Pomanda has estimated its turnover at £250.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Advanced Turf Machinery Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

3 Weak

Size

annual sales of £250.2k, make it larger than the average company (£82.3k)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (7%)

EXPORT

Advanced Turf Machinery Limited's latest turnover from October 2023 is estimated at £250.2 thousand and the company has net assets of £273.2 thousand. According to their latest financial statements, Advanced Turf Machinery Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	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	250,213	395,299	261,572	362,697	298,034	222,977	386,206	497,153	587,697	796,027	534,682	644,290	491,336	576,297	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	190,905	319,992	207,524	156,306	195,834	122,510	265,680	325,510	382,775	551,182	349,524	411,053	308,505	376,292	0
Gross Profit	59,308	75,307	54,048	206,391	102,200	100,467	120,526	171,642	204,922	244,844	185,157	233,237	182,830	200,005	0
Admin Expenses	45,191	105,250	12,928	156,496	99,984	74,153	104,803	153,806	192,528	219,587	183,270	231,216	202,971	223,217	-254,160
Operating Profit	14,117	-29,943	41,120	49,895	2,216	26,314	15,723	17,836	12,394	25,257	1,887	2,021	-20,141	-23,212	254,160
Interest Payable	0	0	0	0	0	989	1,414	1,388	925	0	0	0	0	0	0
Interest Receivable	0	0	0	2	45	27	0	0	0	0	0	0	0	0	0
Pre-Tax Profit	14,117	-29,943	41,120	49,898	2,262	25,352	14,309	16,448	11,469	25,257	1,887	2,021	-20,141	-23,212	254,160
Tax	-3,529	0	-7,813	-9,481	-430	-4,817	-2,719	-3,289	-2,294	-5,304	-434	-485	0	0	-71,165
Profit After Tax	10,588	-29,943	33,307	40,417	1,832	20,535	11,590	13,158	9,175	19,953	1,453	1,536	-20,141	-23,212	182,995
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	10,588	-29,943	33,307	40,417	1,832	20,535	11,590	13,158	9,175	19,953	1,453	1,536	-20,141	-23,212	182,995
Employee Costs	65,346	49,620	59,833	78,757	95,631	101,618	76,136	77,976	105,418	96,140	77,996	124,580	105,885	85,764	0
Number Of Employees	3	3	3	4	4	4	4	4	7	5	4	8	4	4	0
EBITDA*	14,117	-29,943	41,120	53,301	2,216	29,661	17,324	19,933	14,619	27,562	5,074	6,005	-15,335	-18,386	259,575

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	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	137,930	141,570	146,120	136,990	140,398	143,045	138,184	131,375	132,265	132,590	136,118	139,305	144,154	150,779	147,605
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	137,930	141,570	146,120	136,990	140,398	143,045	138,184	131,375	132,265	132,590	136,118	139,305	144,154	150,779	147,605
Stock & work in progress	0	0	0	0	85,363	83,608	81,290	73,883	73,046	64,642	73,175	94,734	101,885	93,214	92,150
Trade Debtors	233,010	192,144	200,955	198,369	107,448	88,585	108,971	101,984	101,719	125,825	83,884	72,352	74,810	80,800	125,920
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	1,988	1,834	0	0	5,321	4,792	0	0	0	0	0	0	0
Cash	0	0	0	0	4,969	7,144	0	0	0	0	0	0	0	0	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	233,010	192,144	202,943	200,203	197,780	185,460	195,582	180,659	174,765	190,467	157,059	167,086	176,695	174,014	218,070
total assets	370,940	333,714	349,063	337,193	338,178	328,505	333,766	312,034	307,030	323,057	293,177	306,391	320,849	324,793	365,675
Bank overdraft	0	0	0	0	0	0	29,290	15,965	28,466	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	95,831	65,959	43,569	67,018	81,997	27,127	27,975	29,825	71,805	125,473	115,546	127,567	130,410	101,333	112,971
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	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
other current liabilities	0	0	0	0	0	0	38,357	46,327	0	0	0	0	0	0	0
total current liabilities	95,831	65,959	43,569	67,018	81,997	69,065	95,622	92,117	100,271	125,473	115,546	127,567	130,410	101,333	112,971
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	3,000	6,405	0	0	0	0	0	0	0	0	0	0	0
other liabilities	1,866	5,100	8,333	2,449	2,307	0	6,637	0	0	0	0	2,646	15,797	28,677	34,709
provisions	0	0	1,563	2,030	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	1,866	5,100	12,896	10,884	2,307	7,398	6,637	0	0	0	0	2,646	15,797	28,677	34,709
total liabilities	97,697	71,059	56,465	77,902	84,304	76,463	102,259	92,117	100,271	125,473	115,546	130,213	146,207	130,010	147,680
net assets	273,243	262,655	292,598	259,291	253,874	252,042	231,507	219,917	206,759	197,584	177,631	176,178	174,642	194,783	217,995
total shareholders funds	273,243	262,655	292,598	259,291	253,874	252,042	231,507	219,917	206,759	197,584	177,631	176,178	174,642	194,783	217,995

	Oct 2023	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	14,117	-29,943	41,120	49,895	2,216	26,314	15,723	17,836	12,394	25,257	1,887	2,021	-20,141	-23,212	254,160
Depreciation	0	0	0	3,406	0	3,347	1,601	2,097	2,225	2,305	3,187	3,984	4,806	4,826	5,415
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-3,529	0	-7,813	-9,481	-430	-4,817	-2,719	-3,289	-2,294	-5,304	-434	-485	0	0	-71,165
Stock	0	0	0	-85,363	1,755	2,318	7,407	837	8,404	-8,533	-21,559	-7,151	8,671	1,064	92,150
Debtors	40,866	-10,799	2,740	92,755	18,863	-25,707	7,516	5,057	-24,106	41,941	11,532	-2,458	-5,990	-45,120	125,920
Creditors	29,872	22,390	-23,449	-14,979	54,870	-848	-1,850	-41,980	-53,668	9,927	-12,021	-2,843	29,077	-11,638	112,971
Accruals and Deferred Income	0	-3,000	-3,405	6,405	0	-38,357	-7,970	46,327	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-1,563	-467	2,030	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-406	-1,317	3,246	29,884	36,038	9,028	-10,138	15,097	-25,641	-1,223	2,646	12,286	11,061	14,032	83,311
Investing Activities
capital expenditure	3,640	4,550	-9,130	2	2,647	-8,208	-8,410	-1,207	-1,900	1,223	0	865	1,819	-8,000	-153,020
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	3,640	4,550	-9,130	2	2,647	-8,208	-8,410	-1,207	-1,900	1,223	0	865	1,819	-8,000	-153,020
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	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	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	-3,234	-3,233	5,884	142	2,307	-6,637	6,637	0	0	0	-2,646	-13,151	-12,880	-6,032	34,709
share issue	0	0	0	-35,000	0	0	0	0	0	0	0	0	0	0	35,000
interest	0	0	0	2	45	-962	-1,414	-1,388	-925	0	0	0	0	0	0
cash flow from financing	-3,234	-3,233	5,884	-34,856	2,352	-7,599	5,223	-1,388	-925	0	-2,646	-13,151	-12,880	-6,032	69,709
cash and cash equivalents
cash	0	0	0	-4,969	-2,175	7,144	0	0	0	0	0	0	0	0	0
overdraft	0	0	0	0	0	-29,290	13,325	-12,501	28,466	0	0	0	0	0	0
change in cash	0	0	0	-4,969	-2,175	36,434	-13,325	12,501	-28,466	0	0	0	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ADVANCED TURF MACHINERY LIMITED group structure

Advanced Turf Machinery Limited has no subsidiary companies.

Ultimate parent company

ADVANCED TURF MACHINERY LIMITED

02548463

ADVANCED TURF MACHINERY LIMITED Shareholders

michael edwin brandon	40%
philip menday	30%
john christopher drake	30%
barbara brandon	0.01%

Advanced Turf Machinery Limited currently has 2 directors. The longest serving directors include Mr Michael Brandon (Oct 1991) and Mr John Drake (Oct 1991).

officer	country	age	start	end	role
Mr Michael Brandon	England	66 years	Oct 1991	-	Director
Mr John Drake		74 years	Oct 1991	-	Director

P&L

October 2023

turnover

250.2k

-37%

operating profit

14.1k

gross margin

23.8%

+24.42%

turnover

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

Balance Sheet

October 2023

net assets

273.2k

+0.04%

total assets

370.9k

+0.11%

cash

net assets

Total assets minus all liabilities

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company number

02548463

Type

Private limited with Share Capital

industry

95220 - Repair of household appliances and home and garden equipment

incorporation date

October 1990

ultimate parent company

None

previous names

N/A

address

spinney works cranfield road, woburn sands, milton keynes, MK17 8UR

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 1 charges/mortgages relating to advanced turf machinery limited. Currently there are 1 open charges and 0 have been satisfied in the past.

advanced turf machinery limited Company Information

advanced turf machinery limited Estimated Valuation

advanced turf machinery limited Estimated Valuation

advanced turf machinery limited Estimated Valuation

Advanced Turf Machinery Limited Overview

Advanced Turf Machinery Limited Health Check

ADVANCED TURF MACHINERY LIMITED financials

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advanced turf machinery limited Ownership

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