Asselle Products Limited

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asselle products limited Company Information

Company Number

02891753

Next Accounts

651 days late

Directors

Suhas Shanbhag

Giovanna Asselle

Shareholders

s.r. shanbhag

giovanna asselle

Group Structure

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Industry

Wholesale of other intermediate products

Registered Address

c/o neum insolvency, suite 9, am, 15 college road, harrow, middlesex, HA1 1BA

Website

www.asselle.co.uk

asselle products limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of ASSELLE PRODUCTS LIMITED at £2m based on an EBITDA of £663.4k and a 3.04x industry multiple (adjusted for size and gross margin).

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Asselle Products Limited is a live company located in harrow, HA1 1BA with a Companies House number of 02891753. It operates in the wholesale of other intermediate products sector, SIC Code 46760. Founded in January 1994, it's largest shareholder is s.r. shanbhag with a 50% stake. Asselle Products Limited is a mature, small sized company, Pomanda has estimated its turnover at £808.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Asselle Products 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

Health Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £808.6k, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of -30%, show it is growing at a slower rate (-1.6%)

EXPORT

Asselle Products Limited's latest turnover from September 2021 is estimated at £808.6 thousand and the company has net assets of -£152.8 thousand. According to their latest financial statements, Asselle Products Limited has 3 employees and maintains cash reserves of £252 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2021	Sep 2020	Sep 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Apr 2011	Apr 2010
Turnover	808,550	1,432,567	2,227,202	2,391,850	3,914,832	5,274,120	7,246,329	8,210,542	8,447,766	5,398,853	3,732,571	3,576,864
Other Income Or Grants
Cost Of Sales	615,227	1,097,115	1,699,975	1,821,191	3,009,658	3,992,902	5,508,712	6,156,164	6,339,104	4,047,898	2,762,818	2,675,929
Gross Profit	193,323	335,453	527,227	570,659	905,174	1,281,219	1,737,618	2,054,378	2,108,662	1,350,955	969,753	900,935
Admin Expenses	-459,962	284,127	876,917	1,476,196	920,052	1,173,686	1,691,443	2,000,453	2,032,124	1,343,852	902,559	367,092
Operating Profit	653,285	51,326	-349,690	-905,537	-14,878	107,533	46,175	53,925	76,538	7,103	67,194	533,843
Interest Payable	3,006	1,545	12,636	36,466	46,443	23,983
Interest Receivable	174	174	1,324	340	205	400	150	310	381	216	101	29
Pre-Tax Profit	650,453	49,956	-361,003	-941,663	-61,116	83,950	46,325	54,235	76,920	7,319	67,295	533,872
Tax	-123,586	-9,492				-16,790	-9,728	-12,474	-18,461	-1,903	-17,497	-149,484
Profit After Tax	526,867	40,464	-361,003	-941,663	-61,116	67,160	36,597	41,761	58,459	5,416	49,798	384,388
Dividends Paid
Retained Profit	526,867	40,464	-361,003	-941,663	-61,116	67,160	36,597	41,761	58,459	5,416	49,798	384,388
Employee Costs	125,019	207,126	356,132	238,333	370,848	602,380	782,420	863,112	932,388	592,648	420,726	432,179
Number Of Employees	3	5	9	6	10	16	21	24	27	17	12	13
EBITDA*	663,448	54,714	-345,192	-899,896	-7,980	109,917	48,682	57,267	79,395	10,913	72,274	537,808

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2021	Sep 2020	Sep 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Apr 2011	Apr 2010
Tangible Assets		10,163	13,551	16,924	22,565	6,251	7,521	10,028	8,572	11,429	15,239	11,894
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets		10,163	13,551	16,924	22,565	6,251	7,521	10,028	8,572	11,429	15,239	11,894
Stock & work in progress	28,565	310,932	220,982	157,000	2,238,448	1,632,345	2,208,463	2,580,664	2,298,432	1,602,339	1,244,710	1,132,714
Trade Debtors	12,747	23,637	161,037	639,025	162,551	656,861	584,866	667,214	564,512	329,241	210,885	226,552
Group Debtors		16,537	15,577
Misc Debtors	5,820	18,792	9,922	9,085	49,442	160,295
Cash	252,007	96,316	252,256	100,779	35,076	129,066	30,773	29,228	94,725	57,777	28,666	11,700
misc current assets
total current assets	299,139	466,214	659,774	905,889	2,485,517	2,578,567	2,824,102	3,277,106	2,957,669	1,989,357	1,484,261	1,370,966
total assets	299,139	476,377	673,325	922,813	2,508,082	2,584,818	2,831,623	3,287,134	2,966,241	2,000,786	1,499,500	1,382,860
Bank overdraft	1,045	17	629	373,784	748,237	584,934
Bank loan
Trade Creditors	287,241	347,370	607,905	311,775	484,443	769,296	1,651,099	1,984,713	2,468,080	1,561,084	1,065,214	998,372
Group/Directors Accounts				214,768	185,090
other short term finances
hp & lease commitments
other current liabilities	116,122	758,629	784,894	381,586	507,749	44,701
total current liabilities	404,408	1,106,016	1,393,428	1,281,913	1,925,519	1,398,931	1,651,099	1,984,713	2,468,080	1,561,084	1,065,214	998,372
loans	47,503	50,000				153,003
hp & lease commitments
Accruals and Deferred Income
other liabilities						389,205	604,005	762,499
provisions
total long term liabilities	47,503	50,000				542,208	604,005	762,499
total liabilities	451,911	1,156,016	1,393,428	1,281,913	1,925,519	1,941,139	2,255,104	2,747,212	2,468,080	1,561,084	1,065,214	998,372
net assets	-152,772	-679,639	-720,103	-359,100	582,563	643,679	576,519	539,922	498,161	439,702	434,286	384,488
total shareholders funds	-152,772	-679,639	-720,103	-359,100	582,563	643,679	576,519	539,922	498,161	439,702	434,286	384,488

	Sep 2021	Sep 2020	Sep 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	653,285	51,326	-349,690	-905,537	-14,878	107,533	46,175	53,925	76,538	7,103	67,194	533,843
Depreciation	10,163	3,388	4,498	5,641	6,898	2,384	2,507	3,342	2,857	3,810	5,080	3,965
Amortisation
Tax	-123,586	-9,492				-16,790	-9,728	-12,474	-18,461	-1,903	-17,497	-149,484
Stock	-282,367	89,950	63,982	-2,081,448	606,103	-576,118	-372,201	282,232	696,093	357,629	111,996	1,132,714
Debtors	-40,399	-127,570	-461,574	436,117	-605,163	232,290	-82,348	102,702	235,271	118,356	-15,667	226,552
Creditors	-60,129	-260,535	296,130	-172,668	-284,853	-881,803	-333,614	-483,367	906,996	495,870	66,842	998,372
Accruals and Deferred Income	-642,507	-26,265	403,308	-126,163	463,048	44,701
Deferred Taxes & Provisions
Cash flow from operations	159,992	-203,958	751,838	446,604	169,275	-400,147	159,889	-823,508	36,566	28,895	25,290	27,430
Investing Activities
capital expenditure			-1,125		-23,212	-1,114		-4,798			-8,425	-15,859
Change in Investments
cash flow from investments			-1,125		-23,212	-1,114		-4,798			-8,425	-15,859
Financing Activities
Bank loans
Group/Directors Accounts			-214,768	29,678	185,090
Other Short Term Loans
Long term loans	-2,497	50,000			-153,003	153,003
Hire Purchase and Lease Commitments
other long term liabilities					-389,205	-214,800	-158,494	762,499
share issue												100
interest	-2,832	-1,371	-11,312	-36,126	-46,238	-23,583	150	310	381	216	101	29
cash flow from financing	-5,329	48,629	-226,080	-6,448	-403,356	-85,380	-158,344	762,809	381	216	101	129
cash and cash equivalents
cash	155,691	-155,940	151,477	65,703	-93,990	98,293	1,545	-65,497	36,948	29,111	16,966	11,700
overdraft	1,028	-612	-373,155	-374,453	163,303	584,934
change in cash	154,663	-155,328	524,632	440,156	-257,293	-486,641	1,545	-65,497	36,948	29,111	16,966	11,700

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for asselle products limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in HA1 area or any other competitors across 12 key performance metrics.

ASSELLE PRODUCTS LIMITED group structure

Asselle Products Limited has no subsidiary companies.

Ultimate parent company

ASSELLE PRODUCTS LIMITED

02891753

ASSELLE PRODUCTS LIMITED Shareholders

s.r. shanbhag	50%
giovanna asselle	50%

Asselle Products Limited currently has 2 directors. The longest serving directors include Suhas Shanbhag (Jan 1994) and Ms Giovanna Asselle (Jan 1994).

officer	country	age	start	end	role
Suhas Shanbhag		77 years	Jan 1994	-	Director
Ms Giovanna Asselle		75 years	Jan 1994	-	Director

P&L

September 2021

turnover

808.6k

-44%

operating profit

653.3k

gross margin

24%

+2.11%

turnover

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

Balance Sheet

September 2021

net assets

-152.8k

-0.78%

total assets

299.1k

-0.37%

cash

252k

+1.62%

net assets

Total assets minus all liabilities

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company number

02891753

Type

Private limited with Share Capital

industry

46760 - Wholesale of other intermediate products

incorporation date

January 1994

ultimate parent company

None

previous names

N/A

address

c/o neum insolvency, suite 9, am, 15 college road, harrow, middlesex, HA1 1BA

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.

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asselle products limited Company Information

asselle products limited Estimated Valuation

asselle products limited Estimated Valuation

asselle products limited Estimated Valuation

Asselle Products Limited Overview

Asselle Products Limited Health Check

ASSELLE PRODUCTS LIMITED financials

asselle products limited Credit Report and Business Information

Asselle Products Limited Competitor Analysis

asselle products limited Ownership

asselle products limited directors

asselle products limited company details

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asselle products limited Capital Raised & Share Issues BETA

asselle products limited Companies House Filings - See Documents