afi group limited
afi group limited Company Information
Company Number
02888428
Next Accounts
Feb 2025
Shareholders
john duncan hector
timothy james hector
View AllGroup Structure
View All
Industry
Manufacture of other furniture
Registered Address
the old exchange, 234 southchurch road, southend-on-sea, SS1 2EG
Website
afigroup.co.ukafi group limited Estimated Valuation
Pomanda estimates the enterprise value of AFI GROUP LIMITED at £3.9m based on a Turnover of £8m and 0.48x industry multiple (adjusted for size and gross margin).
afi group limited Estimated Valuation
Pomanda estimates the enterprise value of AFI GROUP LIMITED at £178.6k based on an EBITDA of £39.9k and a 4.48x industry multiple (adjusted for size and gross margin).
afi group limited Estimated Valuation
Pomanda estimates the enterprise value of AFI GROUP LIMITED at £2.2m based on Net Assets of £1.1m and 1.92x industry multiple (adjusted for liquidity).
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Afi Group Limited Overview
Afi Group Limited is a dissolved company that was located in southend-on-sea, SS1 2EG with a Companies House number of 02888428. It operated in the manufacture of other furniture sector, SIC Code 31090. Founded in January 1994, it's largest shareholder was john duncan hector with a 97.6% stake. The last turnover for Afi Group Limited was estimated at £8m.
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Afi Group Limited Health Check
Pomanda's financial health check has awarded Afi Group Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
5 Weak
Size
annual sales of £8m, make it larger than the average company (£4.4m)
£8m - Afi Group Limited
£4.4m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Afi Group Limited
- - Industry AVG
Production
with a gross margin of 37.6%, this company has a comparable cost of product (37.6%)
37.6% - Afi Group Limited
37.6% - Industry AVG
Profitability
an operating margin of -1.3% make it less profitable than the average company (3.8%)
-1.3% - Afi Group Limited
3.8% - Industry AVG
Employees
with 101 employees, this is similar to the industry average (91)
101 - Afi Group Limited
91 - Industry AVG
Pay Structure
on an average salary of £24.8k, the company has an equivalent pay structure (£25.5k)
£24.8k - Afi Group Limited
£25.5k - Industry AVG
Efficiency
resulting in sales per employee of £79.5k, this is less efficient (£99.3k)
£79.5k - Afi Group Limited
£99.3k - Industry AVG
Debtor Days
it gets paid by customers after 45 days, this is near the average (43 days)
45 days - Afi Group Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 97 days, this is slower than average (46 days)
97 days - Afi Group Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 103 days, this is more than average (40 days)
103 days - Afi Group Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Afi Group Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.5%, this is a higher level of debt than the average (64.1%)
72.5% - Afi Group Limited
64.1% - Industry AVG
AFI GROUP LIMITED financials
Afi Group Limited's latest turnover from November 2011 is £8 million and the company has net assets of £1.1 million. According to their latest financial statements, Afi Group Limited has 101 employees and maintains cash reserves of £45.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2011 | Nov 2010 | |
|---|---|---|
| Turnover | 8,029,213 | 11,321,709 |
| Other Income Or Grants | ||
| Cost Of Sales | ||
| Gross Profit | ||
| Admin Expenses | ||
| Operating Profit | -105,655 | -339,099 |
| Interest Payable | 130,048 | 127,262 |
| Interest Receivable | 0 | 0 |
| Pre-Tax Profit | -235,703 | -466,361 |
| Tax | 0 | 33,514 |
| Profit After Tax | -235,703 | -432,847 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -235,703 | -432,847 |
| Employee Costs | 2,500,119 | 3,543,653 |
| Number Of Employees | 101 | 112 |
| EBITDA* | 39,904 | 236,241 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2011 | Nov 2010 | |
|---|---|---|
| Tangible Assets | 333,100 | 278,469 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 2 | 2 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 333,102 | 278,471 |
| Stock & work in progress | 1,423,610 | 1,334,959 |
| Trade Debtors | 992,402 | 854,581 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 1,306,585 | 1,158,087 |
| Cash | 45,946 | 10,740 |
| misc current assets | 0 | 0 |
| total current assets | 3,768,543 | 3,358,367 |
| total assets | 4,101,645 | 3,636,838 |
| Bank overdraft | 102,066 | 353,163 |
| Bank loan | 0 | 0 |
| Trade Creditors | 1,339,899 | 1,235,813 |
| Group/Directors Accounts | 25,000 | 0 |
| other short term finances | 754,483 | 658,501 |
| hp & lease commitments | 87,648 | 76,101 |
| other current liabilities | 317,232 | 352,220 |
| total current liabilities | 2,626,328 | 2,675,798 |
| loans | 104,858 | 0 |
| hp & lease commitments | 240,698 | 104,976 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 345,556 | 104,976 |
| total liabilities | 2,971,884 | 2,780,774 |
| net assets | 1,129,761 | 856,064 |
| total shareholders funds | 1,129,761 | 856,064 |
| Nov 2011 | Nov 2010 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -105,655 | -339,099 |
| Depreciation | 145,559 | 575,340 |
| Amortisation | 0 | 0 |
| Tax | 0 | 33,514 |
| Stock | 88,651 | 1,334,959 |
| Debtors | 286,319 | 2,012,668 |
| Creditors | 104,086 | 1,235,813 |
| Accruals and Deferred Income | -34,988 | 352,220 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | -265,968 | -1,489,839 |
| Investing Activities | ||
| capital expenditure | 240,535 | -14,135 |
| Change in Investments | 0 | 2 |
| cash flow from investments | 240,535 | -14,137 |
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 25,000 | 0 |
| Other Short Term Loans | 95,982 | 658,501 |
| Long term loans | 104,858 | 0 |
| Hire Purchase and Lease Commitments | 147,269 | 181,077 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -130,048 | -127,262 |
| cash flow from financing | 752,461 | 2,001,227 |
| cash and cash equivalents | ||
| cash | 35,206 | 10,740 |
| overdraft | -251,097 | 353,163 |
| change in cash | 286,303 | -342,423 |
afi group limited Credit Report and Business Information
Afi Group Limited Competitor Analysis
Perform a competitor analysis for afi group limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in SS1 area or any other competitors across 12 key performance metrics.
afi group limited Ownership
AFI GROUP LIMITED group structure
Afi Group Limited has no subsidiary companies.
Ultimate parent company
AFI GROUP LIMITED
02888428
afi group limited directors
Afi Group Limited currently has 4 directors. The longest serving directors include Mr John Hector (Jan 1994) and Mr Christopher Hector (Oct 1994).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Hector | 85 years | Jan 1994 | - | Director | |
| Mr Christopher Hector | 56 years | Oct 1994 | - | Director | |
| Mr Timothy Hector | England | 59 years | Oct 1994 | - | Director |
| Ms Annette Hector | 79 years | Oct 1994 | - | Director |
P&L
November 2011turnover
8m
-29%
operating profit
-105.7k
-69%
gross margin
37.6%
+0.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2011net assets
1.1m
+0.32%
total assets
4.1m
+0.13%
cash
45.9k
+3.28%
net assets
Total assets minus all liabilities
Similar Companies
afi group limited company details
company number
02888428
Type
Private limited with Share Capital
industry
31090 - Manufacture of other furniture
incorporation date
January 1994
age
31
incorporated
UK
ultimate parent company
accounts
Medium Company
last accounts submitted
November 2011
previous names
associated furniture industries (seating) limited (July 2005)
accountant
-
auditor
-
address
the old exchange, 234 southchurch road, southend-on-sea, SS1 2EG
Bank
-
Legal Advisor
-
afi group 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 4 charges/mortgages relating to afi group limited. Currently there are 4 open charges and 0 have been satisfied in the past.
afi group 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.
Click to start generating capital raising & share issue transactions for AFI GROUP LIMITED. This can take several minutes, an email will notify you when this has completed.
afi group limited Companies House Filings - See Documents
| date | description | view/download |
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