beset international limited

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beset international limited Company Information

Share BESET INTERNATIONAL LIMITED

Company Number

02641339

Shareholders

ben akrofi-offei

adom akrofi-offei

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Group Structure

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Industry

Other transportation support activities

 

Registered Address

accountancy house, 90 walworth road, london, SE1 6SW

beset international limited Estimated Valuation

£102k

Pomanda estimates the enterprise value of BESET INTERNATIONAL LIMITED at £102k based on a Turnover of £306.7k and 0.33x industry multiple (adjusted for size and gross margin).

beset international limited Estimated Valuation

£21.3k

Pomanda estimates the enterprise value of BESET INTERNATIONAL LIMITED at £21.3k based on an EBITDA of £9.3k and a 2.28x industry multiple (adjusted for size and gross margin).

beset international limited Estimated Valuation

£7k

Pomanda estimates the enterprise value of BESET INTERNATIONAL LIMITED at £7k based on Net Assets of £3.5k and 2x industry multiple (adjusted for liquidity).

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Beset International Limited Overview

Beset International Limited is a live company located in london, SE1 6SW with a Companies House number of 02641339. It operates in the other transportation support activities sector, SIC Code 52290. Founded in August 1991, it's largest shareholder is ben akrofi-offei with a 40% stake. Beset International Limited is a mature, micro sized company, Pomanda has estimated its turnover at £306.7k with high growth in recent years.

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Beset International Limited Health Check

Pomanda's financial health check has awarded Beset International Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £306.7k, make it smaller than the average company (£10.6m)

£306.7k - Beset International Limited

£10.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (10.9%)

19% - Beset International Limited

10.9% - Industry AVG

production

Production

with a gross margin of 13.2%, this company has a higher cost of product (22.2%)

13.2% - Beset International Limited

22.2% - Industry AVG

profitability

Profitability

an operating margin of 3% make it less profitable than the average company (5.4%)

3% - Beset International Limited

5.4% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (45)

3 - Beset International Limited

45 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.1k, the company has an equivalent pay structure (£45.1k)

£45.1k - Beset International Limited

£45.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £102.2k, this is less efficient (£258.4k)

£102.2k - Beset International Limited

£258.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 69 days, this is later than average (44 days)

69 days - Beset International Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 76 days, this is slower than average (35 days)

76 days - Beset International Limited

35 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Beset International Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Beset International Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 94.1%, this is a higher level of debt than the average (61%)

94.1% - Beset International Limited

61% - Industry AVG

BESET INTERNATIONAL LIMITED financials

EXPORTms excel logo

Beset International Limited's latest turnover from September 2023 is estimated at £306.7 thousand and the company has net assets of £3.5 thousand. According to their latest financial statements, Beset International Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover306,712200,569201,958183,177139,310234,882162,629249,524215,065226,230147,492248,509121,507139,878
Other Income Or Grants
Cost Of Sales266,286174,110175,255157,070119,211201,657139,219215,253185,953195,495127,798215,906105,631120,263
Gross Profit40,42726,45926,70426,10720,09933,22523,41034,27129,11230,73519,69432,60315,87719,615
Admin Expenses31,10012,35833,95832,64647,464-6,67921,52713,56553,48437,21813,02839,58535,139-2,883-15,846
Operating Profit9,32714,101-7,254-6,539-27,36539,9041,88320,706-24,372-6,4836,666-6,982-19,26222,49815,846
Interest Payable
Interest Receivable341422555233317
Pre-Tax Profit9,32714,101-7,254-6,539-27,36539,9041,88520,710-24,358-6,4616,721-6,930-19,22922,52915,853
Tax-2,332-2,679-7,582-358-4,142-1,546-6,308-4,439
Profit After Tax6,99511,422-7,254-6,539-27,36532,3221,52716,568-24,358-6,4615,175-6,930-19,22916,22111,414
Dividends Paid
Retained Profit6,99511,422-7,254-6,539-27,36532,3221,52716,568-24,358-6,4615,175-6,930-19,22916,22111,414
Employee Costs135,325126,938117,729117,750115,691117,418118,096112,11935,73436,00935,63835,25534,45633,895
Number Of Employees33333333111111
EBITDA*9,32714,101-7,254-6,539-27,36539,9041,88320,986-24,199-5,9757,178-6,299-18,35224,36018,232

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets8276164475957941,0591,4128405211,5231,5362,0479,43012,28613,859
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets8276164475957941,0591,4128405211,5231,5362,0479,43012,28613,859
Stock & work in progress
Trade Debtors58,30836,94936,90627,15315,70855,17227,84750,88942,30452,74631,54949,96724,77336,4378,477
Group Debtors
Misc Debtors77541723,214
Cash2,0021,2044,2194,61417,2023,4379,6462,913
misc current assets8,3578,536131
total current assets58,30836,94937,68127,57024,06563,70827,97852,89143,50856,96536,16367,16928,21046,08334,604
total assets59,13537,56538,12828,16524,85964,76729,39053,73144,02958,48837,69969,21637,64058,36948,463
Bank overdraft
Bank loan
Trade Creditors 55,62741,05253,03735,36325,51832,84227,55946,00545,55040,34830,94867,64029,13430,63436,949
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities55,62741,05253,03735,36325,51832,84227,55946,00545,55040,34830,94867,64029,13430,63436,949
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities4574575,6767,90415,22622,54717,850
provisions
total long term liabilities4574575,6767,90415,22622,54717,850
total liabilities55,62741,05253,03735,82025,97538,51835,46361,23168,09758,19830,94867,64029,13430,63436,949
net assets3,508-3,487-14,909-7,655-1,11626,249-6,073-7,500-24,0682906,7511,5768,50627,73511,514
total shareholders funds3,508-3,487-14,909-7,655-1,11626,249-6,073-7,500-24,0682906,7511,5768,50627,73511,514
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit9,32714,101-7,254-6,539-27,36539,9041,88320,706-24,372-6,4836,666-6,982-19,26222,49815,846
Depreciation2801735085126839101,8622,386
Amortisation
Tax-2,332-2,679-7,582-358-4,142-1,546-6,308-4,439
Stock
Debtors21,359-73210,11111,862-39,46427,325-23,0428,585-10,44221,197-18,41825,194-11,6644,74631,691
Creditors14,575-11,98517,6749,845-7,3245,283-18,4464555,2029,400-36,69238,506-1,500-6,31536,949
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations211169309-8,5564,77510,2806,1218,714-8,555-17,772-12,6427,013-8,1886,99119,051
Investing Activities
capital expenditure-211-169148199265353-572-599829-495-16,7001,946-289-16,245
Change in Investments
cash flow from investments-211-169148199265353-572-599829-495-16,7001,946-289-16,245
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-457-5,219-2,228-7,322-7,3214,69717,850
share issue-100100
interest341422555233317
cash flow from financing-457-5,219-2,228-7,419-7,3174,71117,87255523331107
cash and cash equivalents
cash-2,002798-3,015-395-12,58813,765-6,2096,7332,913
overdraft
change in cash-2,002798-3,015-395-12,58813,765-6,2096,7332,913

beset international 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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Beset International Limited Competitor Analysis

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Perform a competitor analysis for beset international limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in SE1 area or any other competitors across 12 key performance metrics.

beset international limited Ownership

BESET INTERNATIONAL LIMITED group structure

Beset International Limited has no subsidiary companies.

Ultimate parent company

BESET INTERNATIONAL LIMITED

02641339

BESET INTERNATIONAL LIMITED Shareholders

ben akrofi-offei 40%
adom akrofi-offei 20%
nhyira jones 20%
gyedi akrofi-offei 20%

beset international limited directors

Beset International Limited currently has 3 directors. The longest serving directors include Mr Benjamin Akrofi-Offei (Aug 1991) and Mrs Nhyira Jones (Oct 2020).

officercountryagestartendrole
Mr Benjamin Akrofi-OffeiEngland78 years Aug 1991- Director
Mrs Nhyira Jones41 years Oct 2020- Director
Mr Adom Akrofi-Offei43 years Dec 2020- Director

P&L

September 2023

turnover

306.7k

+53%

operating profit

9.3k

0%

gross margin

13.2%

-0.09%

turnover

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

Balance Sheet

September 2023

net assets

3.5k

-2.01%

total assets

59.1k

+0.57%

cash

0

0%

net assets

Total assets minus all liabilities

beset international limited company details

company number

02641339

Type

Private limited with Share Capital

industry

52290 - Other transportation support activities

incorporation date

August 1991

age

34

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

September 2023

previous names

beset shipping & airfreight co. limited (February 1992)

accountant

-

auditor

-

address

accountancy house, 90 walworth road, london, SE1 6SW

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

beset international 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 beset international limited.

beset international 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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beset international limited Companies House Filings - See Documents

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