Pomanda estimates the enterprise value of PLUSIMAGE LIMITED at £641.1k based on a Turnover of £1.6m and 0.4x industry multiple (adjusted for size and gross margin).
plusimage limitedEstimated Valuation
£199.9k
Pomanda estimates the enterprise value of PLUSIMAGE LIMITED at £199.9k based on an EBITDA of £67.3k and a 2.97x industry multiple (adjusted for size and gross margin).
plusimage limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of PLUSIMAGE LIMITED at £0 based on Net Assets of £-204.8k and 1.58x industry multiple (adjusted for liquidity).
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Plusimage LimitedOverview
Plusimage Limited is a live company located in exeter, EX2 8NY with a Companies House number of 02963751. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in August 1994, it's largest shareholder is
perry michael belcher
with a 33.3% stake. Plusimage Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£1.6m with
declining
growth in recent years.
Pomanda's financial health check has awarded Plusimage Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
2 Strong
3 Regular
7 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£16.1m)
£1.6m - Plusimage Limited
£16.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (8.1%)
-11% - Plusimage Limited
8.1% - Industry AVG
Production
with a gross margin of 27.4%, this company has a comparable cost of product (27.4%)
27.4% - Plusimage Limited
27.4% - Industry AVG
Profitability
an operating margin of 4.2% make it less profitable than the average company (5.4%)
4.2% - Plusimage Limited
5.4% - Industry AVG
Employees
with 25 employees, this is below the industry average (101)
25 - Plusimage Limited
101 - Industry AVG
Pay Structure
on an average salary of £37.7k, the company has an equivalent pay structure (£37.7k)
£37.7k - Plusimage Limited
£37.7k - Industry AVG
Efficiency
resulting in sales per employee of £64.3k, this is less efficient (£163.4k)
£64.3k - Plusimage Limited
£163.4k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is near the average (53 days)
46 days - Plusimage Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (40 days)
10 days - Plusimage Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 8 days, this is less than average (57 days)
8 days - Plusimage Limited
57 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 36 weeks, this is more cash available to meet short term requirements (13 weeks)
36 weeks - Plusimage Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 154.6%, this is a higher level of debt than the average (42.1%)
154.6% - Plusimage Limited
42.1% - Industry AVG
PLUSIMAGE LIMITED financials
EXPORT
Plusimage Limited's latest turnover from February 2024 is estimated at £1.6 million and the company has net assets of -£204.8 thousand. According to their latest financial statements, Plusimage Limited has 25 employees and maintains cash reserves of £134.5 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
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
1,607,487
1,989,128
1,886,920
2,285,716
2,008,684
1,859,386
2,130,390
1,999,259
1,289,691
1,575,097
1,632,839
1,965,799
1,815,118
2,108,750
3,896,241
Other Income Or Grants
Cost Of Sales
1,166,601
1,471,071
1,351,570
1,641,015
1,440,492
1,331,014
1,494,244
1,402,211
907,629
1,117,728
1,170,946
1,398,414
1,295,531
1,463,978
2,746,007
Gross Profit
440,886
518,057
535,350
644,701
568,192
528,373
636,146
597,048
382,062
457,369
461,893
567,385
519,587
644,772
1,150,234
Admin Expenses
373,655
551,394
509,496
617,961
509,184
465,520
628,671
480,950
-330,526
324,382
326,371
357,069
501,134
579,728
2,346,192
Operating Profit
67,231
-33,337
25,854
26,740
59,008
62,853
7,475
116,098
712,588
132,987
135,522
210,316
18,453
65,044
-1,195,958
Interest Payable
15,461
28,815
31,612
32,942
34,107
35,239
54,381
71,863
36,547
Interest Receivable
5,428
3,493
454
113
1,031
796
452
241
431
484
439
262
252
211
75
Pre-Tax Profit
72,659
-29,844
10,847
-1,962
28,427
30,707
-26,180
81,100
658,638
61,609
99,414
210,578
18,704
65,256
-1,195,883
Tax
-18,165
-2,061
-5,401
-5,834
-16,220
-131,727
-12,938
-22,865
-50,539
-4,863
-18,272
Profit After Tax
54,494
-29,844
8,786
-1,962
23,026
24,873
-26,180
64,880
526,910
48,671
76,549
160,039
13,841
46,984
-1,195,883
Dividends Paid
Retained Profit
54,494
-29,844
8,786
-1,962
23,026
24,873
-26,180
64,880
526,910
48,671
76,549
160,039
13,841
46,984
-1,195,883
Employee Costs
941,470
1,085,275
1,138,500
1,202,135
1,150,998
1,088,507
1,061,698
903,162
318,221
373,771
391,177
438,963
427,410
533,834
943,453
Number Of Employees
25
30
33
36
35
34
34
30
11
13
14
16
16
20
35
EBITDA*
67,260
-33,309
25,882
26,954
59,239
63,082
7,678
116,681
713,782
135,229
138,172
214,037
24,968
72,664
-1,183,186
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
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
20
48
76
104
319
550
593
796
1,379
2,573
3,461
6,111
9,832
16,448
29,914
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
20
48
76
104
319
550
593
796
1,379
2,573
3,461
6,111
9,832
16,448
29,914
Stock & work in progress
28,336
47,552
51,785
52,761
42,476
46,274
54,000
55,909
37,408
42,919
44,597
48,692
59,158
66,732
70,147
Trade Debtors
205,714
280,143
257,718
396,779
212,303
236,195
293,615
357,820
335,945
396,521
394,134
475,143
404,304
472,770
402,426
Group Debtors
Misc Debtors
6,308
6,787
3,103
12,571
23,575
Cash
134,467
72,297
102,336
79,139
145,855
129,060
83,326
97,418
95,467
76,845
116,900
58,829
46,007
54,607
29,887
misc current assets
total current assets
374,825
406,779
414,942
541,250
400,634
435,104
430,941
511,147
468,820
516,285
555,631
582,664
509,469
594,109
502,460
total assets
374,845
406,827
415,018
541,354
400,953
435,654
431,534
511,943
470,199
518,858
559,092
588,775
519,301
610,557
532,374
Bank overdraft
Bank loan
Trade Creditors
33,379
22,835
2,712
114,481
168,212
83,360
207,292
228,921
206,457
282,011
333,031
405,063
445,812
557,483
1,728,251
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
158,747
147,971
154,641
189,394
143,979
total current liabilities
192,126
170,806
157,353
303,875
168,212
227,339
207,292
228,921
206,457
282,011
333,031
405,063
445,812
557,483
1,728,251
loans
475,725
469,025
467,625
508,425
541,025
586,625
1,086,640
1,124,525
hp & lease commitments
Accruals and Deferred Income
other liabilities
387,529
495,325
487,125
1,158,725
1,208,541
1,201,967
provisions
total long term liabilities
387,529
495,325
487,125
475,725
469,025
467,625
508,425
541,025
586,625
1,086,640
1,124,525
1,158,725
1,208,541
1,201,967
total liabilities
579,655
666,131
644,478
779,600
637,237
694,964
715,717
769,946
793,082
1,368,651
1,457,556
1,563,788
1,654,353
1,759,450
1,728,251
net assets
-204,810
-259,304
-229,460
-238,246
-236,284
-259,310
-284,183
-258,003
-322,883
-849,793
-898,464
-975,013
-1,135,052
-1,148,893
-1,195,877
total shareholders funds
-204,810
-259,304
-229,460
-238,246
-236,284
-259,310
-284,183
-258,003
-322,883
-849,793
-898,464
-975,013
-1,135,052
-1,148,893
-1,195,877
Feb 2024
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
67,231
-33,337
25,854
26,740
59,008
62,853
7,475
116,098
712,588
132,987
135,522
210,316
18,453
65,044
-1,195,958
Depreciation
29
28
28
214
231
229
203
583
1,194
2,242
2,650
3,721
6,515
7,620
12,772
Amortisation
Tax
-18,165
-2,061
-5,401
-5,834
-16,220
-131,727
-12,938
-22,865
-50,539
-4,863
-18,272
Stock
-19,216
-4,233
-976
10,285
-3,798
-7,726
-1,909
18,501
-5,511
-1,678
-4,095
-10,466
-7,574
-3,415
70,147
Debtors
-74,908
26,109
-148,529
197,047
-47,467
-33,845
-64,205
21,875
-60,576
2,387
-81,009
70,839
-68,466
70,344
402,426
Creditors
10,544
20,123
-111,769
-53,731
84,852
-123,932
-21,629
22,464
-75,554
-51,020
-72,032
-40,749
-111,671
-1,170,768
1,728,251
Accruals and Deferred Income
10,776
-6,670
-34,753
189,394
-143,979
143,979
Deferred Taxes & Provisions
Cash flow from operations
164,539
-41,732
26,804
-44,715
45,976
118,866
52,163
82,549
572,588
70,562
128,379
62,376
-15,526
-1,183,305
72,492
Investing Activities
capital expenditure
-1
1
-186
-1,354
101
5,846
-42,686
Change in Investments
cash flow from investments
-1
1
-186
-1,354
101
5,846
-42,686
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-475,725
6,700
1,400
-40,800
-32,600
-45,600
-500,015
-37,885
1,124,525
Hire Purchase and Lease Commitments
other long term liabilities
-107,796
8,200
487,125
-1,158,725
-49,816
6,574
1,201,967
share issue
6
interest
5,428
3,493
-15,007
-28,702
-30,581
-32,146
-33,655
-34,998
-53,950
-71,379
-36,108
262
252
211
75
cash flow from financing
-102,368
11,693
-3,607
-22,002
-29,181
-72,946
-66,255
-80,598
-553,965
-109,264
-70,308
-49,554
6,826
1,202,178
81
cash and cash equivalents
cash
62,170
-30,039
23,197
-66,716
16,795
45,734
-14,092
1,951
18,622
-40,055
58,071
12,822
-8,600
24,720
29,887
overdraft
change in cash
62,170
-30,039
23,197
-66,716
16,795
45,734
-14,092
1,951
18,622
-40,055
58,071
12,822
-8,600
24,720
29,887
plusimage limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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plusimage limited Ownership
PLUSIMAGE LIMITED group structure
Plusimage Limited has no subsidiary companies.
Ultimate parent company
PLUSIMAGE LIMITED
02963751
PLUSIMAGE LIMITED Shareholders
The largest shareholders in Plusimage Limited include Perry Michael Belcher and David Michael Duffell.
perry michael belcher
33.33%
david michael duffell
16.67%
andrew michael duffell
16.67%
natasha jane patidar
16.67%
matthew samuel michael duffell
16.67%
plusimage limited directors
Plusimage Limited currently has 2 directors.
The longest serving directors include
Mr Perry Belcher (Sep 1994) and
Mr Michael Duffell (Jul 2023).
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 1 charges/mortgages relating to plusimage limited. Currently there are 0 open charges and 1 have been satisfied in the past.
plusimage 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.
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plusimage limitedCompanies House Filings - See Documents
