floor cleaning machines limited
floor cleaning machines limited Company Information
Company Number
02721017
Registered Address
nilfisk house bowerbank way, gilwilly industrial estate, penrith, cumbria, CA11 9BQ
Industry
Agents involved in the sale of machinery, industrial equipment, ships and aircraft
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Telephone
01617774280
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
nilfisk limited 100%
floor cleaning machines limited Estimated Valuation
The estimated valuation range for floor cleaning machines limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £5.1m to £13.7m
floor cleaning machines limited Estimated Valuation
The estimated valuation range for floor cleaning machines limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £5.1m to £13.7m
floor cleaning machines limited Estimated Valuation
The estimated valuation range for floor cleaning machines limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £5.1m to £13.7m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Floor Cleaning Machines Limited Overview
Floor Cleaning Machines Limited is a live company located in penrith, CA11 9BQ with a Companies House number of 02721017. It operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft sector, SIC Code 46140. Founded in June 1992, it's largest shareholder is nilfisk limited with a 100% stake. Floor Cleaning Machines Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.5m with declining growth in recent years.
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Floor Cleaning Machines Limited Health Check
Pomanda's financial health check has awarded Floor Cleaning Machines Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £7.5m, make it smaller than the average company (£12m)
£7.5m - Floor Cleaning Machines Limited
£12m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4.4%)
-1% - Floor Cleaning Machines Limited
4.4% - Industry AVG
Production
with a gross margin of 46.7%, this company has a lower cost of product (36.1%)
46.7% - Floor Cleaning Machines Limited
36.1% - Industry AVG
Profitability
an operating margin of 21.2% make it more profitable than the average company (9.7%)
21.2% - Floor Cleaning Machines Limited
9.7% - Industry AVG
Employees
with 49 employees, this is above the industry average (36)
49 - Floor Cleaning Machines Limited
36 - Industry AVG
Pay Structure
on an average salary of £46.9k, the company has an equivalent pay structure (£46.8k)
£46.9k - Floor Cleaning Machines Limited
£46.8k - Industry AVG
Efficiency
resulting in sales per employee of £152.3k, this is less efficient (£278.1k)
£152.3k - Floor Cleaning Machines Limited
£278.1k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (55 days)
66 days - Floor Cleaning Machines Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is close to average (42 days)
43 days - Floor Cleaning Machines Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 101 days, this is more than average (50 days)
101 days - Floor Cleaning Machines Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 164 weeks, this is more cash available to meet short term requirements (9 weeks)
164 weeks - Floor Cleaning Machines Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12.2%, this is a lower level of debt than the average (61.7%)
12.2% - Floor Cleaning Machines Limited
61.7% - Industry AVG
floor cleaning machines limited Credit Report and Business Information
Floor Cleaning Machines Limited Competitor Analysis
Perform a competitor analysis for floor cleaning machines limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
floor cleaning machines limited Ownership
FLOOR CLEANING MACHINES LIMITED group structure
Floor Cleaning Machines Limited has no subsidiary companies.
Ultimate parent company
NILFISK HOLDING AS
#0122045
2 parents
FLOOR CLEANING MACHINES LIMITED
02721017
floor cleaning machines limited directors
Floor Cleaning Machines Limited currently has 6 directors. The longest serving directors include Mr Dean Crompton (Jul 1992) and Ms Kris Crompton (Jul 1999).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dean Crompton | England | 55 years | Jul 1992 | - | Director |
| Ms Kris Crompton | England | 49 years | Jul 1999 | - | Director |
| Mr Stewart Dennett | England | 58 years | Jun 2015 | - | Director |
| Mr Stewart Dennett | England | 58 years | Jun 2015 | - | Director |
| Mr Steen Lindbo | England | 58 years | Sep 2018 | - | Director |
| Mr Martin Chambers | United Kingdom | 56 years | Mar 2021 | - | Director |
FLOOR CLEANING MACHINES LIMITED financials
Floor Cleaning Machines Limited's latest turnover from December 2022 is £7.5 million and the company has net assets of £7.3 million. According to their latest financial statements, Floor Cleaning Machines Limited has 49 employees and maintains cash reserves of £2.8 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 | 7,460,281 | 7,342,822 | 7,904,612 | 7,596,427 | 5,923,390 | 6,428,607 | 6,993,378 | 7,424,221 | 5,357,258 | 6,510,003 | 3,537,824 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 3,973,947 | 3,520,323 | 3,200,471 | 3,294,960 | 2,630,409 | 3,131,297 | 3,278,631 | 3,566,223 | 2,633,045 | |||||
| Gross Profit | 3,486,334 | 3,822,499 | 4,704,141 | 4,301,467 | 3,292,981 | 3,297,310 | 3,714,747 | 3,857,998 | 2,724,213 | |||||
| Admin Expenses | 1,901,468 | 2,465,661 | 3,239,786 | 1,528,656 | 1,457,941 | 1,360,294 | 1,392,734 | 1,483,507 | 1,168,111 | |||||
| Operating Profit | 1,584,866 | 1,356,838 | 1,464,355 | 2,772,811 | 1,835,040 | 1,937,016 | 2,322,013 | 2,374,491 | 1,556,102 | 1,847,382 | 1,053,999 | |||
| Interest Payable | 9,702 | 7,740 | 5,841 | 7,002 | 8,538 | 15,136 | 16,181 | 11,589 | 10,046 | 11,819 | 12,810 | |||
| Interest Receivable | 36,163 | 0 | 1,388 | 8,883 | 13,084 | 4,013 | 5,289 | 3,612 | 2,075 | 1,078 | 1,248 | |||
| Pre-Tax Profit | 1,611,327 | 1,349,098 | 1,459,902 | 2,774,692 | 1,839,586 | 1,925,893 | 2,312,725 | 2,366,506 | 1,548,131 | 1,836,641 | 1,042,437 | |||
| Tax | -302,863 | -267,665 | -500,537 | -525,781 | -355,358 | -373,229 | -465,051 | -514,585 | -324,619 | -423,354 | -246,753 | |||
| Profit After Tax | 1,308,464 | 1,081,433 | 959,365 | 2,248,911 | 1,484,228 | 1,552,664 | 1,847,674 | 1,851,921 | 1,223,512 | 1,413,287 | 795,684 | |||
| Dividends Paid | 1,200,000 | 1,200,000 | 1,200,000 | 1,200,000 | 1,200,000 | 1,200,000 | 1,200,000 | 2,654,688 | 359,063 | 225,000 | 225,000 | |||
| Retained Profit | 108,464 | -118,567 | -240,635 | 1,048,911 | 284,228 | 352,664 | 647,674 | -802,767 | 864,449 | 1,188,287 | 570,684 | |||
| Employee Costs | 2,295,843 | 2,205,963 | 1,877,793 | 1,866,072 | 1,800,488 | 1,940,157 | 1,915,962 | 1,789,563 | 1,643,101 | 1,183,634 | 970,347 | |||
| Number Of Employees | 49 | 52 | 57 | 52 | 49 | 54 | 52 | 50 | 59 | 59 | ||||
| EBITDA* | 1,720,921 | 1,600,992 | 1,756,600 | 3,080,859 | 2,147,179 | 2,145,038 | 2,519,272 | 2,575,067 | 1,653,249 | 1,941,193 | 1,132,717 |
* 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 | 375,383 | 272,189 | 551,331 | 691,160 | 836,687 | 578,748 | 661,107 | 558,724 | 461,280 | 294,780 | 262,886 | 248,753 | 237,749 | 123,358 |
| 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 | 375,383 | 272,189 | 551,331 | 691,160 | 836,687 | 578,748 | 661,107 | 558,724 | 461,280 | 294,780 | 262,886 | 248,753 | 237,749 | 123,358 |
| Stock & work in progress | 1,100,573 | 1,093,260 | 930,342 | 701,698 | 616,297 | 635,015 | 717,654 | 526,890 | 570,025 | 529,593 | 368,616 | 83,668 | 129,280 | 95,245 |
| Trade Debtors | 1,365,892 | 1,278,427 | 1,368,656 | 1,287,335 | 1,157,818 | 1,181,866 | 1,895,304 | 1,465,022 | 1,481,967 | 1,134,688 | 858,475 | 1,676,158 | 593,424 | 453,546 |
| Group Debtors | 2,098,143 | 2,098,143 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 553,056 | 356,433 | 753,047 | 3,355 | 45,597 | 77,558 | 124,845 | 344,627 | 2,340,751 | 1,658,983 | 1,113,168 | 0 | 0 | 84,620 |
| Cash | 2,829,522 | 3,096,149 | 5,286,770 | 3,931,546 | 2,464,763 | 2,315,845 | 1,348,367 | 1,651,109 | 343,973 | 927,574 | 51,031 | 310,337 | 75,605 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,947,186 | 7,922,412 | 8,338,815 | 5,923,934 | 4,284,475 | 4,210,284 | 4,086,170 | 3,987,648 | 4,736,716 | 4,250,838 | 2,391,290 | 2,070,163 | 798,309 | 633,411 |
| total assets | 8,322,569 | 8,194,601 | 8,890,146 | 6,615,094 | 5,121,162 | 4,789,032 | 4,747,277 | 4,546,372 | 5,197,996 | 4,545,618 | 2,654,176 | 2,318,916 | 1,036,058 | 756,769 |
| 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 | 476,967 | 399,056 | 416,955 | 398,058 | 162,825 | 162,319 | 365,134 | 351,337 | 257,298 | 200,367 | 158,349 | 917,376 | 768,066 | 655,014 |
| 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 | 98,150 | 42,967 | 79,090 | 62,287 | 76,187 | 119,954 | 161,341 | 125,488 | 76,931 | 31,139 | 58,038 | 0 | 0 | 0 |
| other current liabilities | 321,700 | 537,325 | 1,038,369 | 631,873 | 367,154 | 226,609 | 239,687 | 760,976 | 756,653 | 1,200,359 | 520,343 | 0 | 0 | 0 |
| total current liabilities | 896,817 | 979,348 | 1,534,414 | 1,092,218 | 606,166 | 508,882 | 766,162 | 1,237,801 | 1,090,882 | 1,431,865 | 736,730 | 917,376 | 768,066 | 655,014 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 105,294 | 20,167 | 63,133 | 48,231 | 54,737 | 74,681 | 114,148 | 97,862 | 110,757 | 19,114 | 19,199 | 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 | 55,584 | 87,584 | 36,050 |
| provisions | 16,908 | 0 | 0 | 18,501 | 53,026 | 82,464 | 96,626 | 88,042 | 70,923 | 33,654 | 25,549 | 43,942 | 0 | 0 |
| total long term liabilities | 122,202 | 20,167 | 63,133 | 66,732 | 107,763 | 157,145 | 210,774 | 185,904 | 181,680 | 52,768 | 44,748 | 99,526 | 87,584 | 36,050 |
| total liabilities | 1,019,019 | 999,515 | 1,597,547 | 1,158,950 | 713,929 | 666,027 | 976,936 | 1,423,705 | 1,272,562 | 1,484,633 | 781,478 | 1,016,902 | 855,650 | 691,064 |
| net assets | 7,303,550 | 7,195,086 | 7,292,599 | 5,456,144 | 4,407,233 | 4,123,005 | 3,770,341 | 3,122,667 | 3,925,434 | 3,060,985 | 1,872,698 | 1,302,014 | 180,408 | 65,705 |
| total shareholders funds | 7,303,550 | 7,195,086 | 7,292,599 | 5,456,144 | 4,407,233 | 4,123,005 | 3,770,341 | 3,122,667 | 3,925,434 | 3,060,985 | 1,872,698 | 1,302,014 | 180,408 | 65,705 |
| 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 | 1,584,866 | 1,356,838 | 1,464,355 | 2,772,811 | 1,835,040 | 1,937,016 | 2,322,013 | 2,374,491 | 1,556,102 | 1,847,382 | 1,053,999 | |||
| Depreciation | 136,055 | 244,154 | 292,245 | 308,048 | 312,139 | 208,022 | 197,259 | 200,576 | 97,147 | 93,811 | 78,718 | 75,228 | 44,617 | 40,847 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -302,863 | -267,665 | -500,537 | -525,781 | -355,358 | -373,229 | -465,051 | -514,585 | -324,619 | -423,354 | -246,753 | |||
| Stock | 7,313 | 162,918 | 228,644 | 85,401 | -18,718 | -82,639 | 190,764 | -43,135 | 40,432 | 160,977 | 284,948 | -45,612 | 34,035 | 95,245 |
| Debtors | 284,088 | 1,611,300 | 831,013 | 87,275 | -56,009 | -760,725 | 210,500 | -2,013,069 | 1,029,047 | 822,028 | 295,485 | 1,082,734 | 55,258 | 538,166 |
| Creditors | 77,911 | -17,899 | 18,897 | 235,233 | 506 | -202,815 | 13,797 | 94,039 | 56,931 | 42,018 | -759,027 | 149,310 | 113,052 | 655,014 |
| Accruals and Deferred Income | -215,625 | -501,044 | 406,496 | 264,719 | 140,545 | -13,078 | -521,289 | 4,323 | -443,706 | 680,016 | 520,343 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 16,908 | 0 | -18,501 | -34,525 | -29,438 | -14,162 | 8,584 | 17,119 | 37,269 | 8,105 | -18,393 | 43,942 | 0 | 0 |
| Cash flow from operations | 1,005,851 | -959,834 | 603,298 | 2,847,829 | 1,978,161 | 2,385,118 | 1,154,049 | 4,232,167 | -90,355 | 1,264,973 | 48,454 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| 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 | 0 | 0 |
| Hire Purchase and Lease Commitments | 140,310 | -79,089 | 31,705 | -20,406 | -63,711 | -80,854 | 52,139 | 35,662 | 137,435 | -26,984 | 77,237 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -55,584 | -32,000 | 51,534 | 36,050 |
| share issue | ||||||||||||||
| interest | 26,461 | -7,740 | -4,453 | 1,881 | 4,546 | -11,123 | -10,892 | -7,977 | -7,971 | -10,741 | -11,562 | |||
| cash flow from financing | 166,771 | -65,775 | 2,104,342 | -18,525 | -59,165 | -91,977 | 41,247 | 27,685 | 129,464 | -37,725 | 10,091 | |||
| cash and cash equivalents | ||||||||||||||
| cash | -266,627 | -2,190,621 | 1,355,224 | 1,466,783 | 148,918 | 967,478 | -302,742 | 1,307,136 | -583,601 | 876,543 | -259,306 | 234,732 | 75,605 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -266,627 | -2,190,621 | 1,355,224 | 1,466,783 | 148,918 | 967,478 | -302,742 | 1,307,136 | -583,601 | 876,543 | -259,306 | 234,732 | 75,605 | 0 |
P&L
December 2022turnover
7.5m
+2%
operating profit
1.6m
+17%
gross margin
46.8%
-10.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
7.3m
+0.02%
total assets
8.3m
+0.02%
cash
2.8m
-0.09%
net assets
Total assets minus all liabilities
Similar Companies
floor cleaning machines limited company details
company number
02721017
Type
Private limited with Share Capital
industry
46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
incorporation date
June 1992
age
32
accounts
Full Accounts
ultimate parent company
previous names
innovative industries ltd (January 2012)
floor cleaning machines limited (June 2007)
See moreincorporated
UK
address
nilfisk house bowerbank way, gilwilly industrial estate, penrith, cumbria, CA11 9BQ
last accounts submitted
December 2022
floor cleaning machines 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 5 charges/mortgages relating to floor cleaning machines limited. Currently there are 0 open charges and 5 have been satisfied in the past.
floor cleaning machines limited Companies House Filings - See Documents
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