advanced business equipment limited
advanced business equipment limited Company Information
Company Number
02626851
Website
www.advanced-uk.comRegistered 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
Shareholders
advanced group holdings limited 100%
advanced business equipment limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCED BUSINESS EQUIPMENT LIMITED at £6.1m based on a Turnover of £14.5m and 0.42x industry multiple (adjusted for size and gross margin).
advanced business equipment limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCED BUSINESS EQUIPMENT LIMITED at £3m based on an EBITDA of £964.2k and a 3.06x industry multiple (adjusted for size and gross margin).
advanced business equipment limited Estimated Valuation
Pomanda estimates the enterprise value of ADVANCED BUSINESS EQUIPMENT LIMITED at £14m based on Net Assets of £7.1m and 1.99x 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
7 Strong
2 Regular
3 Weak
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
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
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
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
with 24 employees, this is above the industry average (8)
24 - Advanced Business Equipment Limited
8 - Industry AVG
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
resulting in sales per employee of £602.7k, this is more efficient (£144.8k)
£602.7k - Advanced Business Equipment Limited
£144.8k - Industry AVG
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
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
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
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
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
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 House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,463,888 | 13,072,032 | 10,348,816 | 14,027,669 | 13,712,551 | 13,437,470 | 15,112,902 | 13,960,260 | 13,663,306 | 13,100,284 | 12,961,475 | 10,576,074 | 8,345,856 | 8,043,151 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 10,633,262 | 9,305,176 | 7,458,368 | 9,953,711 | 9,498,088 | 9,454,484 | 11,120,740 | 10,007,137 | 9,576,462 | 8,735,723 | 8,410,428 | 6,789,500 | 5,757,808 | 5,116,337 |
| Gross Profit | 3,830,626 | 3,766,856 | 2,890,448 | 4,073,958 | 4,214,463 | 3,982,986 | 3,992,162 | 3,953,123 | 4,086,844 | 4,364,561 | 4,551,047 | 3,786,574 | 2,588,048 | 2,926,814 |
| Admin Expenses | 2,892,837 | 2,443,861 | 2,243,677 | 2,771,336 | 3,084,901 | 3,240,347 | 2,792,882 | 3,047,372 | 3,272,634 | 3,629,678 | 3,661,646 | 3,355,727 | 2,624,131 | 2,739,861 |
| Operating Profit | 937,789 | 1,322,995 | 646,771 | 1,302,622 | 1,129,562 | 742,639 | 1,199,280 | 905,751 | 814,210 | 734,883 | 889,401 | 430,847 | -36,083 | 186,953 |
| Interest Payable | 0 | 2,656 | 0 | 9,012 | 8,068 | 15,886 | 10,802 | 10,829 | 12,112 | 10,836 | 53,051 | 23,708 | 12,873 | 15,422 |
| Interest Receivable | 0 | 0 | 21 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 14 |
| Pre-Tax Profit | 937,789 | 1,320,339 | 646,792 | 1,293,610 | 1,184,494 | 726,753 | 1,188,478 | 894,922 | 802,098 | 724,047 | 836,350 | 407,139 | -48,954 | 171,545 |
| 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 Tax | 752,008 | 1,078,640 | 551,122 | 1,292,584 | 990,643 | 594,845 | 954,115 | 709,759 | 628,672 | 556,052 | 606,064 | 319,171 | -64,306 | 130,312 |
| Dividends Paid | 0 | 600,000 | 500,000 | 600,000 | 600,000 | 500,000 | 700,000 | 100,000 | 100,000 | 100,000 | 0 | 0 | 0 | 0 |
| Retained Profit | 752,008 | 478,640 | 51,122 | 692,584 | 390,643 | 94,845 | 254,115 | 609,759 | 528,672 | 456,052 | 606,064 | 319,171 | -64,306 | 130,312 |
| Employee Costs | 1,745,788 | 1,656,712 | 1,529,604 | 1,818,980 | 2,000,753 | 2,249,190 | 1,879,652 | 2,012,144 | 2,174,243 | 2,424,502 | 2,453,563 | 2,149,919 | 1,566,845 | 1,671,481 |
| Number Of Employees | 24 | 27 | 31 | 31 | 34 | 41 | 37 | 36 | 37 | 44 | 43 | 42 | 38 | 40 |
| EBITDA* | 964,238 | 1,349,642 | 674,927 | 1,333,978 | 1,160,226 | 771,257 | 1,233,358 | 954,146 | 938,014 | 887,222 | 1,054,726 | 541,768 | 98,066 | 364,526 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 32,324 | 50,486 | 71,799 | 89,927 | 104,974 | 67,462 | 73,750 | 83,945 | 102,380 | 148,524 | 218,673 | 208,726 | 266,604 | 326,157 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,000 | 100,000 | 150,000 | 0 | 0 |
| Investments & Other | 3,273 | 1,225 | 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 | 79,265 |
| Total Fixed Assets | 35,597 | 51,711 | 71,799 | 89,927 | 104,974 | 67,462 | 73,750 | 83,945 | 102,380 | 198,524 | 318,673 | 358,726 | 266,604 | 405,422 |
| Stock & work in progress | 872,620 | 830,795 | 574,034 | 1,090,835 | 1,132,308 | 891,794 | 563,918 | 577,806 | 790,428 | 579,444 | 572,647 | 490,603 | 503,949 | 1,108,035 |
| Trade Debtors | 1,083,383 | 1,986,973 | 1,815,826 | 1,167,343 | 1,550,563 | 1,435,779 | 3,320,048 | 1,460,978 | 1,537,704 | 1,216,923 | 1,718,325 | 950,277 | 747,940 | 957,406 |
| Group Debtors | 4,931,362 | 4,316,322 | 3,537,329 | 3,696,087 | 3,298,126 | 2,989,823 | 3,106,273 | 750,353 | 633,685 | 487,118 | 492,910 | 310,819 | 250,909 | 0 |
| Misc Debtors | 1,236,049 | 1,152,045 | 988,256 | 1,189,285 | 1,299,327 | 1,220,360 | 1,857,918 | 3,660,848 | 3,406,123 | 3,287,569 | 3,197,114 | 2,314,199 | 1,769,722 | 1,687,622 |
| Cash | 1,266,948 | 1,647,890 | 1,832,498 | 1,796,911 | 1,548,561 | 2,401,017 | 2,123,016 | 1,481,135 | 1,595,264 | 1,385,025 | 991,139 | 1,144,284 | 169,913 | 51,155 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,390,362 | 9,934,025 | 8,747,943 | 8,940,461 | 8,828,885 | 8,938,773 | 10,971,173 | 7,931,120 | 7,963,204 | 6,956,079 | 6,972,135 | 5,210,182 | 3,442,433 | 3,804,218 |
| total assets | 9,425,959 | 9,985,736 | 8,819,742 | 9,030,388 | 8,933,859 | 9,006,235 | 11,044,923 | 8,015,065 | 8,065,584 | 7,154,603 | 7,290,808 | 5,568,908 | 3,709,037 | 4,209,640 |
| 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 | 1,368,425 | 1,960,095 | 1,107,621 | 1,885,222 | 2,592,423 | 3,087,985 | 2,483,000 | 1,738,811 | 2,798,541 | 2,501,252 | 2,768,827 | 1,840,150 | 896,834 | 1,425,003 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 28,976 | 434,138 | 140,337 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 69,500 | 55,600 | 83,400 | 55,600 | 55,600 | 278,000 | 278,000 | 278,000 | 278,000 | 278,000 | 278,000 | 278,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 995,166 | 1,715,281 | 1,810,093 | 1,252,084 | 1,086,622 | 997,303 | 3,247,259 | 1,509,506 | 1,250,391 | 1,165,371 | 1,490,053 | 1,302,894 | 705,510 | 613,638 |
| total current liabilities | 2,363,591 | 3,675,376 | 2,987,214 | 3,192,906 | 3,762,445 | 4,169,864 | 6,219,997 | 3,666,654 | 4,326,932 | 3,944,623 | 4,536,880 | 3,421,044 | 1,880,344 | 2,316,641 |
| loans | 0 | 0 | 0 | 55,600 | 83,400 | 139,000 | 222,400 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 808 | 1,284 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 808 | 56,884 | 83,400 | 139,000 | 222,400 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,363,591 | 3,675,376 | 2,988,022 | 3,249,790 | 3,845,845 | 4,308,864 | 6,442,397 | 3,666,654 | 4,326,932 | 3,944,623 | 4,536,880 | 3,421,044 | 1,880,344 | 2,316,641 |
| net assets | 7,062,368 | 6,310,360 | 5,831,720 | 5,780,598 | 5,088,014 | 4,697,371 | 4,602,526 | 4,348,411 | 3,738,652 | 3,209,980 | 2,753,928 | 2,147,864 | 1,828,693 | 1,892,999 |
| total shareholders funds | 7,062,368 | 6,310,360 | 5,831,720 | 5,780,598 | 5,088,014 | 4,697,371 | 4,602,526 | 4,348,411 | 3,738,652 | 3,209,980 | 2,753,928 | 2,147,864 | 1,828,693 | 1,892,999 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 937,789 | 1,322,995 | 646,771 | 1,302,622 | 1,129,562 | 742,639 | 1,199,280 | 905,751 | 814,210 | 734,883 | 889,401 | 430,847 | -36,083 | 186,953 |
| Depreciation | 26,449 | 26,647 | 28,156 | 31,356 | 30,664 | 28,618 | 34,078 | 48,395 | 73,804 | 102,339 | 115,325 | 110,921 | 134,149 | 177,573 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,000 | 50,000 | 50,000 | 0 | 0 | 0 |
| 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 |
| Stock | 41,825 | 256,761 | -516,801 | -41,473 | 240,514 | 327,876 | -13,888 | -212,622 | 210,984 | 6,797 | 82,044 | -13,346 | -604,086 | 1,108,035 |
| Debtors | -204,546 | 1,113,929 | 288,696 | -95,301 | 502,054 | -2,638,277 | 2,412,060 | 294,667 | 585,902 | -416,739 | 1,833,054 | 806,724 | 44,278 | 2,724,293 |
| Creditors | -591,670 | 852,474 | -777,601 | -707,201 | -495,562 | 604,985 | 744,189 | -1,059,730 | 297,289 | -267,575 | 928,677 | 943,316 | -528,169 | 1,425,003 |
| Accruals and Deferred Income | -720,115 | -94,812 | 558,009 | 165,462 | 89,319 | -2,249,956 | 1,737,753 | 259,115 | 85,020 | -324,682 | 187,159 | 597,384 | 91,872 | 613,638 |
| Deferred Taxes & Provisions | 0 | -808 | -476 | 1,284 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -370,607 | 494,107 | 587,294 | 929,271 | -182,436 | 1,304,779 | 1,082,765 | -113,677 | 350,011 | 536,912 | 25,178 | 1,201,122 | 206,225 | -1,470,394 |
| Investing Activities | ||||||||||||||
| capital expenditure | -75,954 | |||||||||||||
| Change in Investments | 2,048 | 1,225 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -75,954 | |||||||||||||
| 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 | -28,976 | -405,162 | 293,801 | 140,337 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -69,500 | 13,900 | -27,800 | 27,800 | 0 | -222,400 | 0 | 0 | 0 | 0 | 0 | 0 | 278,000 |
| Long term loans | 0 | 0 | -55,600 | -27,800 | -55,600 | -83,400 | 222,400 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | -2,656 | 21 | -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 financing | 0 | -72,156 | -41,679 | -64,612 | -64,844 | -504,448 | 282,999 | 129,508 | -12,112 | -10,836 | -53,051 | -23,708 | -12,871 | 2,025,279 |
| cash and cash equivalents | ||||||||||||||
| cash | -380,942 | -184,608 | 35,587 | 248,350 | -852,456 | 278,001 | 641,881 | -114,129 | 210,239 | 393,886 | -153,145 | 974,371 | 118,758 | 51,155 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -380,942 | -184,608 | 35,587 | 248,350 | -852,456 | 278,001 | 641,881 | -114,129 | 210,239 | 393,886 | -153,145 | 974,371 | 118,758 | 51,155 |
advanced business equipment limited Credit Report and Business Information
Advanced Business Equipment Limited Competitor Analysis
Perform a competitor analysis for advanced business equipment limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
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 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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paolo Rossetti | 53 years | Jan 2023 | - | Director | |
| Mr David Dyas | England | 60 years | Jan 2023 | - | Director |
P&L
December 2022turnover
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 2022net 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
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.
advanced business equipment limited Companies House Filings - See Documents
| date | description | view/download |
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