Chillaire Limited

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chillaire limited Company Information

Live

MatureSmallLow

Company Number

02686557

Next Accounts

6 days late

Industry

Installation of industrial machinery and equipment

Directors

Jasbir Thandi

Ninderjit Thandi

Shareholders

n.k. thandi

j.s. thandi

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Group Structure

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Contact

Registered Address

unit 1 veasey close, attleborough fields ind estate, nuneaton, warwickshire, CV11 6RT

Website

www.chillaire.co.uk

chillaire limited Estimated Valuation

£469.3k

Pomanda estimates the enterprise value of CHILLAIRE LIMITED at £469.3k based on a Turnover of £1m and 0.46x industry multiple (adjusted for size and gross margin).

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Chillaire Limited is a live company located in nuneaton, CV11 6RT with a Companies House number of 02686557. It operates in the installation of industrial machinery and equipment sector, SIC Code 33200. Founded in February 1992, it's largest shareholder is n.k. thandi with a 49% stake. Chillaire Limited is a mature, small sized company, Pomanda has estimated its turnover at £1m with low growth in recent years.

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Pomanda's financial health check has awarded Chillaire Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £1m, make it smaller than the average company (£9.2m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (1.8%)

EXPORT

Chillaire Limited's latest turnover from February 2023 is estimated at £1 million and the company has net assets of £123.6 thousand. According to their latest financial statements, Chillaire Limited has 8 employees and maintains cash reserves of £186.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	1,023,881	594,785	627,910	918,219	666,051	741,607	859,861	659,803	534,475	628,359	424,203	770,636	561,196	694,814
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	842,038	478,925	500,926	728,195	517,223	578,203	668,268	512,012	409,035	480,491	335,713	586,586	428,578	539,576
Gross Profit	181,843	115,861	126,984	190,024	148,828	163,403	191,593	147,791	125,440	147,868	88,490	184,050	132,618	155,238
Admin Expenses	122,741	181,279	98,256	178,972	131,551	128,313	138,808	130,426	75,647	126,943	2,198	64,894	215,628	266,959
Operating Profit	59,102	-65,418	28,728	11,052	17,277	35,090	52,785	17,365	49,793	20,925	86,292	119,156	-83,010	-111,721
Interest Payable	0	0	0	0	0	0	0	0	0	1,387	1,835	1,361	3,387	2,473
Interest Receivable	5,042	504	92	285	124	38	14	5	3	3	2	2	5	3
Pre-Tax Profit	64,143	-64,914	28,820	11,337	17,401	35,128	52,799	17,370	49,796	19,540	84,459	117,797	-86,392	-114,191
Tax	-12,187	0	-5,476	-2,154	-3,306	-6,674	-10,560	-3,474	-10,457	-4,494	-20,270	-30,627	0	0
Profit After Tax	51,956	-64,914	23,344	9,183	14,095	28,454	42,239	13,896	39,339	15,046	64,189	87,170	-86,392	-114,191
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	51,956	-64,914	23,344	9,183	14,095	28,454	42,239	13,896	39,339	15,046	64,189	87,170	-86,392	-114,191
Employee Costs	405,961	444,216	510,456	652,713	523,785	478,291	297,162	348,710	87,143	84,990	83,091	122,803	76,736	118,216
Number Of Employees	8	9	11	14	12	11	7	8	2	2	2	3	2	3
EBITDA*	72,586	-52,185	36,998	22,525	33,745	57,328	76,562	32,577	59,308	30,612	95,835	131,522	-66,916	-99,527

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	44,681	44,987	29,709	39,568	53,716	70,679	74,759	48,260	31,824	32,833	32,451	41,835	54,201	42,242
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	44,681	44,987	29,709	39,568	53,716	70,679	74,759	48,260	31,824	32,833	32,451	41,835	54,201	42,242
Stock & work in progress	145,344	153,792	142,754	136,139	114,503	99,108	92,998	94,727	80,366	93,329	95,483	87,067	75,303	74,035
Trade Debtors	248,065	69,322	80,925	144,961	89,910	174,329	254,077	100,606	112,395	121,653	86,912	190,574	112,221	216,728
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	186,243	65,833	135,618	48,440	27,651	5,482	9,905	1,167	667	567	501	247	739	1,303
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	579,652	288,947	359,297	329,540	232,064	278,919	356,980	196,500	193,428	215,549	182,896	277,888	188,263	292,066
total assets	624,333	333,934	389,006	369,108	285,780	349,598	431,739	244,760	225,252	248,382	215,347	319,723	242,464	334,308
Bank overdraft	0	0	0	0	0	0	0	0	0	0	42,691	13,760	28,119	58,745
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	445,792	206,906	196,209	234,638	133,667	147,281	315,460	188,100	193,518	243,435	149,166	264,439	247,308	202,449
Group/Directors Accounts	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
hp & lease commitments	0	0	0	9,327	23,547	22,883	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	10,052	49,088	0	0	0	0	26,403	60,242	7,709	129,871
total current liabilities	445,792	206,906	196,209	243,965	167,266	219,252	315,460	188,100	193,518	243,435	218,260	338,441	283,136	391,065
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	17,358
hp & lease commitments	0	0	50,225	5,415	7,469	31,018	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	46,427	55,370	0	0	0	378	46,783	37,403	26,373	38,925	46,111	94,495	159,711	39,876
provisions	8,500	0	6,000	6,500	7,000	9,000	8,000	0	0	0	0	0	0	0
total long term liabilities	54,927	55,370	56,225	11,915	14,469	40,396	54,783	37,403	26,373	38,925	46,111	94,495	159,711	57,234
total liabilities	500,719	262,276	252,434	255,880	181,735	259,648	370,243	225,503	219,891	282,360	264,371	432,936	442,847	448,299
net assets	123,614	71,658	136,572	113,228	104,045	89,950	61,496	19,257	5,361	-33,978	-49,024	-113,213	-200,383	-113,991
total shareholders funds	123,614	71,658	136,572	113,228	104,045	89,950	61,496	19,257	5,361	-33,978	-49,024	-113,213	-200,383	-113,991

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	59,102	-65,418	28,728	11,052	17,277	35,090	52,785	17,365	49,793	20,925	86,292	119,156	-83,010	-111,721
Depreciation	13,484	13,233	8,270	11,473	16,468	22,238	23,777	15,212	9,515	9,687	9,543	12,366	16,094	12,194
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-12,187	0	-5,476	-2,154	-3,306	-6,674	-10,560	-3,474	-10,457	-4,494	-20,270	-30,627	0	0
Stock	-8,448	11,038	6,615	21,636	15,395	6,110	-1,729	14,361	-12,963	-2,154	8,416	11,764	1,268	74,035
Debtors	178,743	-11,603	-64,036	55,051	-84,419	-79,748	153,471	-11,789	-9,258	34,741	-103,662	78,353	-104,507	216,728
Creditors	238,886	10,697	-38,429	100,971	-13,614	-168,179	127,360	-5,418	-49,917	94,269	-115,273	17,131	44,859	202,449
Accruals and Deferred Income	0	0	0	-10,052	-39,036	49,088	0	0	0	-26,403	-33,839	52,533	-122,162	129,871
Deferred Taxes & Provisions	8,500	-6,000	-500	-500	-2,000	1,000	8,000	0	0	0	0	0	0	0
Cash flow from operations	137,490	-46,923	50,014	34,103	44,813	6,201	49,620	21,113	21,155	61,397	21,699	80,442	-40,980	-57,970
Investing Activities
capital expenditure	-13,178	-28,511	1,589	2,675	495	-18,158	-50,276	-31,648	-8,506	-10,069	-159	0	-28,053	-54,436
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-13,178	-28,511	1,589	2,675	495	-18,158	-50,276	-31,648	-8,506	-10,069	-159	0	-28,053	-54,436
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	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
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	-17,358	17,358
Hire Purchase and Lease Commitments	0	-50,225	35,483	-16,274	-22,885	53,901	0	0	0	0	0	0	0	0
other long term liabilities	-8,943	55,370	0	0	-378	-46,405	9,380	11,030	-12,552	-7,186	-48,384	-65,216	119,835	39,876
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	200
interest	5,042	504	92	285	124	38	14	5	3	-1,384	-1,833	-1,359	-3,382	-2,470
cash flow from financing	-3,901	5,649	35,575	-15,989	-23,139	7,534	9,394	11,035	-12,549	-8,570	-50,217	-66,575	99,095	54,964
cash and cash equivalents
cash	120,410	-69,785	87,178	20,789	22,169	-4,423	8,738	500	100	66	254	-492	-564	1,303
overdraft	0	0	0	0	0	0	0	0	0	-42,691	28,931	-14,359	-30,626	58,745
change in cash	120,410	-69,785	87,178	20,789	22,169	-4,423	8,738	500	100	42,757	-28,677	13,867	30,062	-57,442

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CHILLAIRE LIMITED group structure

Chillaire Limited has no subsidiary companies.

Ultimate parent company

CHILLAIRE LIMITED

02686557

CHILLAIRE LIMITED Shareholders

n.k. thandi	49%
j.s. thandi	43.5%
bavman investments limited	7.5%

Chillaire Limited currently has 2 directors. The longest serving directors include Mr Jasbir Thandi (Jun 1993) and Mrs Ninderjit Thandi (Sep 2023).

officer	country	age	start	end	role
Mr Jasbir Thandi		57 years	Jun 1993	-	Director
Mrs Ninderjit Thandi		59 years	Sep 2023	-	Director

P&L

February 2023

turnover

+72%

operating profit

59.1k

gross margin

17.8%

-8.83%

turnover

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

Balance Sheet

February 2023

net assets

123.6k

+0.73%

total assets

624.3k

+0.87%

cash

186.2k

+1.83%

net assets

Total assets minus all liabilities

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company number

02686557

Type

Private limited with Share Capital

industry

33200 - Installation of industrial machinery and equipment

incorporation date

February 1992

ultimate parent company

None

previous names

N/A

address

unit 1 veasey close, attleborough fields ind estate, nuneaton, warwickshire, CV11 6RT

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 4 charges/mortgages relating to chillaire limited. Currently there are 4 open charges and 0 have been satisfied in the past.

chillaire limited Company Information

chillaire limited Estimated Valuation

chillaire limited Estimated Valuation

chillaire limited Estimated Valuation

Chillaire Limited Overview

Chillaire Limited Health Check

CHILLAIRE LIMITED financials

chillaire limited Credit Report and Business Information

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