advanced business equipment limited

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advanced business equipment limited Company Information

Share ADVANCED BUSINESS EQUIPMENT LIMITED
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MatureMidLow

Company Number

02626851

Registered Address

armitage house, thorpe lower lane, wakefield, west yorkshire, WF3 3BQ

Industry

Photocopying, document preparation and other specialised office support activities

 

Telephone

01895811811

Next Accounts Due

September 2024

Group Structure

View All

Directors

Paolo Rossetti1 Years

David Dyas1 Years

Shareholders

advanced group holdings limited 100%

advanced business equipment limited Estimated Valuation

£7.2m

Pomanda estimates the enterprise value of ADVANCED BUSINESS EQUIPMENT LIMITED at £7.2m based on a Turnover of £14.5m and 0.5x industry multiple (adjusted for size and gross margin).

advanced business equipment limited Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of ADVANCED BUSINESS EQUIPMENT LIMITED at £3.5m based on an EBITDA of £964.2k and a 3.66x industry multiple (adjusted for size and gross margin).

advanced business equipment limited Estimated Valuation

£13.7m

Pomanda estimates the enterprise value of ADVANCED BUSINESS EQUIPMENT LIMITED at £13.7m based on Net Assets of £7.1m and 1.94x industry multiple (adjusted for liquidity).

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Advanced Business Equipment Limited Overview

Advanced Business Equipment Limited is a live company located in wakefield, WF3 3BQ with a Companies House number of 02626851. It operates in the photocopying, document preparation and other specialised office support activities sector, SIC Code 82190. Founded in July 1991, it's largest shareholder is advanced group holdings limited with a 100% stake. Advanced Business Equipment Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14.5m with low growth in recent years.

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Advanced Business Equipment Limited Health Check

Pomanda's financial health check has awarded Advanced Business Equipment Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £14.5m, make it larger than the average company (£768.5k)

£14.5m - Advanced Business Equipment Limited

£768.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a faster rate (0.6%)

1% - Advanced Business Equipment Limited

0.6% - Industry AVG

production

Production

with a gross margin of 26.5%, this company has a higher cost of product (45.9%)

26.5% - Advanced Business Equipment Limited

45.9% - Industry AVG

profitability

Profitability

an operating margin of 6.5% make it as profitable than the average company (7%)

6.5% - Advanced Business Equipment Limited

7% - Industry AVG

employees

Employees

with 24 employees, this is above the industry average (8)

24 - Advanced Business Equipment Limited

8 - Industry AVG

paystructure

Pay Structure

on an average salary of £72.7k, the company has a higher pay structure (£47.2k)

£72.7k - Advanced Business Equipment Limited

£47.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £602.7k, this is more efficient (£144.8k)

£602.7k - Advanced Business Equipment Limited

£144.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 27 days, this is earlier than average (52 days)

27 days - Advanced Business Equipment Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 46 days, this is quicker than average (53 days)

46 days - Advanced Business Equipment Limited

53 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 29 days, this is less than average (106 days)

29 days - Advanced Business Equipment Limited

106 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 27 weeks, this is average cash available to meet short term requirements (23 weeks)

27 weeks - Advanced Business Equipment Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 25.1%, this is a lower level of debt than the average (40%)

25.1% - Advanced Business Equipment Limited

40% - Industry AVG

ADVANCED BUSINESS EQUIPMENT LIMITED financials

EXPORTms excel logo

Advanced Business Equipment Limited's latest turnover from December 2022 is £14.5 million and the company has net assets of £7.1 million. According to their latest financial statements, Advanced Business Equipment Limited has 24 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover14,463,88813,072,03210,348,81614,027,66913,712,55113,437,47015,112,90213,960,26013,663,30613,100,28412,961,47510,576,0748,345,8568,043,151
Other Income Or Grants00000000000000
Cost Of Sales10,633,2629,305,1767,458,3689,953,7119,498,0889,454,48411,120,74010,007,1379,576,4628,735,7238,410,4286,789,5005,757,8085,116,337
Gross Profit3,830,6263,766,8562,890,4484,073,9584,214,4633,982,9863,992,1623,953,1234,086,8444,364,5614,551,0473,786,5742,588,0482,926,814
Admin Expenses2,892,8372,443,8612,243,6772,771,3363,084,9013,240,3472,792,8823,047,3723,272,6343,629,6783,661,6463,355,7272,624,1312,739,861
Operating Profit937,7891,322,995646,7711,302,6221,129,562742,6391,199,280905,751814,210734,883889,401430,847-36,083186,953
Interest Payable02,65609,0128,06815,88610,80210,82912,11210,83653,05123,70812,87315,422
Interest Receivable0021000000000214
Pre-Tax Profit937,7891,320,339646,7921,293,6101,184,494726,7531,188,478894,922802,098724,047836,350407,139-48,954171,545
Tax-185,781-241,699-95,670-1,026-193,851-131,908-234,363-185,163-173,426-167,995-230,286-87,968-15,352-41,233
Profit After Tax752,0081,078,640551,1221,292,584990,643594,845954,115709,759628,672556,052606,064319,171-64,306130,312
Dividends Paid0600,000500,000600,000600,000500,000700,000100,000100,000100,0000000
Retained Profit752,008478,64051,122692,584390,64394,845254,115609,759528,672456,052606,064319,171-64,306130,312
Employee Costs1,745,7881,656,7121,529,6041,818,9802,000,7532,249,1901,879,6522,012,1442,174,2432,424,5022,453,5632,149,9191,566,8451,671,481
Number Of Employees2427313134413736374443423840
EBITDA*964,2381,349,642674,9271,333,9781,160,226771,2571,233,358954,146938,014887,2221,054,726541,76898,066364,526

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets32,32450,48671,79989,927104,97467,46273,75083,945102,380148,524218,673208,726266,604326,157
Intangible Assets00000000050,000100,000150,00000
Investments & Other3,2731,225000000000000
Debtors (Due After 1 year)000000000000079,265
Total Fixed Assets35,59751,71171,79989,927104,97467,46273,75083,945102,380198,524318,673358,726266,604405,422
Stock & work in progress872,620830,795574,0341,090,8351,132,308891,794563,918577,806790,428579,444572,647490,603503,9491,108,035
Trade Debtors1,083,3831,986,9731,815,8261,167,3431,550,5631,435,7793,320,0481,460,9781,537,7041,216,9231,718,325950,277747,940957,406
Group Debtors4,931,3624,316,3223,537,3293,696,0873,298,1262,989,8233,106,273750,353633,685487,118492,910310,819250,9090
Misc Debtors1,236,0491,152,045988,2561,189,2851,299,3271,220,3601,857,9183,660,8483,406,1233,287,5693,197,1142,314,1991,769,7221,687,622
Cash1,266,9481,647,8901,832,4981,796,9111,548,5612,401,0172,123,0161,481,1351,595,2641,385,025991,1391,144,284169,91351,155
misc current assets00000000000000
total current assets9,390,3629,934,0258,747,9438,940,4618,828,8858,938,77310,971,1737,931,1207,963,2046,956,0796,972,1355,210,1823,442,4333,804,218
total assets9,425,9599,985,7368,819,7429,030,3888,933,8599,006,23511,044,9238,015,0658,065,5847,154,6037,290,8085,568,9083,709,0374,209,640
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 1,368,4251,960,0951,107,6211,885,2222,592,4233,087,9852,483,0001,738,8112,798,5412,501,2522,768,8271,840,150896,8341,425,003
Group/Directors Accounts0000028,976434,138140,337000000
other short term finances0069,50055,60083,40055,60055,600278,000278,000278,000278,000278,000278,000278,000
hp & lease commitments00000000000000
other current liabilities995,1661,715,2811,810,0931,252,0841,086,622997,3033,247,2591,509,5061,250,3911,165,3711,490,0531,302,894705,510613,638
total current liabilities2,363,5913,675,3762,987,2143,192,9063,762,4454,169,8646,219,9973,666,6544,326,9323,944,6234,536,8803,421,0441,880,3442,316,641
loans00055,60083,400139,000222,4000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000000000
provisions008081,2840000000000
total long term liabilities0080856,88483,400139,000222,4000000000
total liabilities2,363,5913,675,3762,988,0223,249,7903,845,8454,308,8646,442,3973,666,6544,326,9323,944,6234,536,8803,421,0441,880,3442,316,641
net assets7,062,3686,310,3605,831,7205,780,5985,088,0144,697,3714,602,5264,348,4113,738,6523,209,9802,753,9282,147,8641,828,6931,892,999
total shareholders funds7,062,3686,310,3605,831,7205,780,5985,088,0144,697,3714,602,5264,348,4113,738,6523,209,9802,753,9282,147,8641,828,6931,892,999
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit937,7891,322,995646,7711,302,6221,129,562742,6391,199,280905,751814,210734,883889,401430,847-36,083186,953
Depreciation26,44926,64728,15631,35630,66428,61834,07848,39573,804102,339115,325110,921134,149177,573
Amortisation0000000050,00050,00050,000000
Tax-185,781-241,699-95,670-1,026-193,851-131,908-234,363-185,163-173,426-167,995-230,286-87,968-15,352-41,233
Stock41,825256,761-516,801-41,473240,514327,876-13,888-212,622210,9846,79782,044-13,346-604,0861,108,035
Debtors-204,5461,113,929288,696-95,301502,054-2,638,2772,412,060294,667585,902-416,7391,833,054806,72444,2782,724,293
Creditors-591,670852,474-777,601-707,201-495,562604,985744,189-1,059,730297,289-267,575928,677943,316-528,1691,425,003
Accruals and Deferred Income-720,115-94,812558,009165,46289,319-2,249,9561,737,753259,11585,020-324,682187,159597,38491,872613,638
Deferred Taxes & Provisions0-808-4761,2840000000000
Cash flow from operations-370,607494,107587,294929,271-182,4361,304,7791,082,765-113,677350,011536,91225,1781,201,122206,225-1,470,394
Investing Activities
capital expenditure-8,287-5,334-10,028-16,309-68,176-22,330-23,883-29,960-27,660-32,190-125,272-203,043-74,596-75,954
Change in Investments2,0481,225000000000000
cash flow from investments-10,335-6,559-10,028-16,309-68,176-22,330-23,883-29,960-27,660-32,190-125,272-203,043-74,596-75,954
Financing Activities
Bank loans00000000000000
Group/Directors Accounts0000-28,976-405,162293,801140,337000000
Other Short Term Loans 0-69,50013,900-27,80027,8000-222,400000000278,000
Long term loans00-55,600-27,800-55,600-83,400222,4000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities00000000000000
share issue00000000000001,762,687
interest0-2,65621-9,012-8,068-15,886-10,802-10,829-12,112-10,836-53,051-23,708-12,871-15,408
cash flow from financing0-72,156-41,679-64,612-64,844-504,448282,999129,508-12,112-10,836-53,051-23,708-12,8712,025,279
cash and cash equivalents
cash-380,942-184,60835,587248,350-852,456278,001641,881-114,129210,239393,886-153,145974,371118,75851,155
overdraft00000000000000
change in cash-380,942-184,60835,587248,350-852,456278,001641,881-114,129210,239393,886-153,145974,371118,75851,155

advanced business equipment limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Advanced Business Equipment Limited Competitor Analysis

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advanced business equipment limited Ownership

ADVANCED BUSINESS EQUIPMENT LIMITED group structure

Advanced Business Equipment Limited has no subsidiary companies.

Ultimate parent company

XEROX HOLDINGS CORP

#0131590

2 parents

ADVANCED BUSINESS EQUIPMENT LIMITED

02626851

ADVANCED BUSINESS EQUIPMENT LIMITED Shareholders

advanced group holdings limited 100%

advanced business equipment limited directors

Advanced Business Equipment Limited currently has 2 directors. The longest serving directors include Mr Paolo Rossetti (Jan 2023) and Mr David Dyas (Jan 2023).

officercountryagestartendrole
Mr Paolo Rossetti53 years Jan 2023- Director
Mr David DyasEngland60 years Jan 2023- Director

P&L

December 2022

turnover

14.5m

+11%

operating profit

937.8k

-29%

gross margin

26.5%

-8.09%

turnover

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

Balance Sheet

December 2022

net assets

7.1m

+0.12%

total assets

9.4m

-0.06%

cash

1.3m

-0.23%

net assets

Total assets minus all liabilities

advanced business equipment limited company details

company number

02626851

Type

Private limited with Share Capital

industry

82190 - Photocopying, document preparation and other specialised office support activities

incorporation date

July 1991

age

33

accounts

Full Accounts

ultimate parent company

XEROX HOLDINGS CORP

previous names

advanced business equipment limited (October 2009)

incorporated

UK

address

armitage house, thorpe lower lane, wakefield, west yorkshire, WF3 3BQ

last accounts submitted

December 2022

advanced business equipment 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 11 charges/mortgages relating to advanced business equipment limited. Currently there are 0 open charges and 11 have been satisfied in the past.

charges

advanced business equipment limited Companies House Filings - See Documents

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