Bowling Finishing Services Ltd

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bowling finishing services ltd Company Information

Live

MatureSmallLow

Company Number

02874144

Website

http://cuxsongerrard.com

Registered Address

125 broadwell road, oldbury, west midlands, B69 4BF

Industry

Finishing of textiles

Telephone

01282612336

Next Accounts Due

December 2024

Group Structure

View All

Directors

Charles Mullen28 Years

David Wain17 Years

Shareholders

cuxson gerrard & company ltd 100%

bowling finishing services ltd Estimated Valuation

£922.7k

Pomanda estimates the enterprise value of BOWLING FINISHING SERVICES LTD at £922.7k based on Net Assets of £759.4k and 1.22x industry multiple (adjusted for liquidity).

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Bowling Finishing Services Ltd is a live company located in west midlands, B69 4BF with a Companies House number of 02874144. It operates in the finishing of textiles sector, SIC Code 13300. Founded in November 1993, it's largest shareholder is cuxson gerrard & company ltd with a 100% stake. Bowling Finishing Services Ltd is a mature, small sized company, Pomanda has estimated its turnover at £683.8k with low growth in recent years.

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Pomanda's financial health check has awarded Bowling Finishing Services Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £683.8k, make it smaller than the average company (£5.8m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (2.8%)

EXPORT

Bowling Finishing Services Ltd's latest turnover from March 2023 is estimated at £683.8 thousand and the company has net assets of £759.4 thousand. According to their latest financial statements, Bowling Finishing Services Ltd has 15 employees and maintains cash reserves of £747 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	683,784	480,852	644,277	682,360	1,090,471	897,583	674,821	668,383	672,346	758,614	1,212,943	1,142,478	2,176,619	2,417,771
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	568,378	386,062	564,144	517,979	826,757	645,078	493,873	479,947	512,734	610,630	977,357	922,739	1,726,840	1,884,357
Gross Profit	115,406	94,790	80,134	164,382	263,715	252,505	180,948	188,436	159,612	147,984	235,586	219,738	449,779	533,414
Admin Expenses	140,319	107,493	9,206	137,568	162,649	165,874	234,074	-17,266	81,891	79,022	142,427	108,025	336,447	491,746
Operating Profit	-24,913	-12,703	70,928	26,814	101,066	86,631	-53,126	205,702	77,721	68,962	93,159	111,713	113,332	41,668
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	32,429	5,349	625	540	3,686	2,726	1,411	3,437	4,617	5,193	5,186	7,580	10,061	5,012
Pre-Tax Profit	7,516	-7,354	71,553	27,354	104,752	89,357	-51,715	209,139	82,338	74,155	98,345	119,293	123,393	46,681
Tax	-1,428	0	-13,595	-5,197	-19,903	-16,978	0	-41,828	-17,291	-17,056	-23,603	-31,016	-34,550	-13,071
Profit After Tax	6,088	-7,354	57,958	22,157	84,849	72,379	-51,715	167,311	65,047	57,099	74,742	88,277	88,843	33,610
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	6,088	-7,354	57,958	22,157	84,849	72,379	-51,715	167,311	65,047	57,099	74,742	88,277	88,843	33,610
Employee Costs	513,447	495,359	453,815	494,188	488,664	488,772	539,118	528,148	471,268	79,962	174,745	150,973	286,215	373,291
Number Of Employees	15	15	15	17	17	18	19	19	17	3	7	6	12	15
EBITDA*	-24,913	-12,703	70,928	26,814	101,066	86,631	-53,126	205,702	77,721	68,962	93,159	111,713	113,332	41,668

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	210,498	128,048	112,423	79,310	126,838	113,369	105,951	91,858	81,825	70,366	82,131	61,403	65,010	58,124
Trade Debtors	178,110	101,692	160,092	186,552	326,482	226,775	122,460	157,485	149,806	123,123	129,311	143,444	141,067	174,945
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	34,577	51,265	71,702	20,869	26,646	3,307	7,170	2,884	4,526	0	0	0	0	0
Cash	747,008	779,065	647,341	602,813	477,589	505,306	584,916	543,632	831,136	1,015,524	1,061,667	1,012,590	2,019,399	2,004,839
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,170,193	1,060,070	991,558	889,544	957,555	848,757	820,497	795,859	1,067,293	1,209,013	1,273,109	1,217,437	2,225,476	2,237,908
total assets	1,170,193	1,060,070	991,558	889,544	957,555	848,757	820,497	795,859	1,067,293	1,209,013	1,273,109	1,217,437	2,225,476	2,237,908
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	92,277	71,824	74,339	59,755	139,472	55,646	60,658	27,284	82,572	866,342	987,537	1,006,607	2,102,923	2,204,198
Group/Directors Accounts	232,102	160,743	83,332	48,637	53,131	119,283	147,046	92,568	504,940	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	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	86,423	74,200	73,230	78,453	84,410	78,135	89,479	100,978	72,063	0	0	0	0	0
total current liabilities	410,802	306,767	230,901	186,845	277,013	253,064	297,183	220,830	659,575	866,342	987,537	1,006,607	2,102,923	2,204,198
loans	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	410,802	306,767	230,901	186,845	277,013	253,064	297,183	220,830	659,575	866,342	987,537	1,006,607	2,102,923	2,204,198
net assets	759,391	753,303	760,657	702,699	680,542	595,693	523,314	575,029	407,718	342,671	285,572	210,830	122,553	33,710
total shareholders funds	759,391	753,303	760,657	702,699	680,542	595,693	523,314	575,029	407,718	342,671	285,572	210,830	122,553	33,710

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-24,913	-12,703	70,928	26,814	101,066	86,631	-53,126	205,702	77,721	68,962	93,159	111,713	113,332	41,668
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,428	0	-13,595	-5,197	-19,903	-16,978	0	-41,828	-17,291	-17,056	-23,603	-31,016	-34,550	-13,071
Stock	82,450	15,625	33,113	-47,528	13,469	7,418	14,093	10,033	11,459	-11,765	20,728	-3,607	6,886	58,124
Debtors	59,730	-78,837	24,373	-145,707	123,046	100,452	-30,739	6,037	31,209	-6,188	-14,133	2,377	-33,878	174,945
Creditors	20,453	-2,515	14,584	-79,717	83,826	-5,012	33,374	-55,288	-783,770	-121,195	-19,070	-1,096,316	-101,275	2,204,198
Accruals and Deferred Income	12,223	970	-5,223	-5,957	6,275	-11,344	-11,499	28,915	72,063	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-135,845	48,964	9,208	129,178	34,749	-54,573	-14,605	121,431	-693,945	-51,336	43,891	-1,014,389	4,499	1,999,726
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	71,359	77,411	34,695	-4,494	-66,152	-27,763	54,478	-412,372	504,940	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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	32,429	5,349	625	540	3,686	2,726	1,411	3,437	4,617	5,193	5,186	7,580	10,061	5,012
cash flow from financing	103,788	82,760	35,320	-3,954	-62,466	-25,037	55,889	-408,935	509,557	5,193	5,186	7,580	10,061	5,112
cash and cash equivalents
cash	-32,057	131,724	44,528	125,224	-27,717	-79,610	41,284	-287,504	-184,388	-46,143	49,077	-1,006,809	14,560	2,004,839
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-32,057	131,724	44,528	125,224	-27,717	-79,610	41,284	-287,504	-184,388	-46,143	49,077	-1,006,809	14,560	2,004,839

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BOWLING FINISHING SERVICES LTD group structure

Bowling Finishing Services Ltd has no subsidiary companies.

Ultimate parent company

CUXSON GERRARD & COMPANY LIMITED

00080715

1 parent

BOWLING FINISHING SERVICES LTD

02874144

BOWLING FINISHING SERVICES LTD Shareholders

cuxson gerrard & company ltd

100%

Bowling Finishing Services Ltd currently has 2 directors. The longest serving directors include Mr Charles Mullen (Nov 1995) and Mr David Wain (Jul 2007).

officer	country	age	start	end	role
Mr Charles Mullen		77 years	Nov 1995	-	Director
Mr David Wain		58 years	Jul 2007	-	Director

P&L

March 2023

turnover

683.8k

+42%

operating profit

-24.9k

gross margin

16.9%

-14.38%

turnover

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

Balance Sheet

March 2023

net assets

759.4k

+0.01%

total assets

1.2m

+0.1%

cash

747k

-0.04%

net assets

Total assets minus all liabilities

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company number

02874144

Type

Private limited with Share Capital

industry

13300 - Finishing of textiles

incorporation date

November 1993

ultimate parent company

CUXSON GERRARD & COMPANY LIMITED

previous names

meaujo (222) limited (April 1994)

address

125 broadwell road, oldbury, west midlands, B69 4BF

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 bowling finishing services ltd.

bowling finishing services ltd Company Information

bowling finishing services ltd Estimated Valuation

bowling finishing services ltd Estimated Valuation

bowling finishing services ltd Estimated Valuation

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BOWLING FINISHING SERVICES LTD financials

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bowling finishing services ltd Ownership

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