Basement Force Limited

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basement force limited Company Information

Live

MatureMidHigh

Company Number

02986065

Website

http://totalmetalrecycling.co.uk

Registered Address

jubilee house townsend lane, london, NW9 8TZ

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

01932988348

Next Accounts Due

August 2024

Group Structure

View All

Directors

Simon Haslam16 Years

Shareholders

force holdings ltd 100%

basement force limited Estimated Valuation

£874.6k - £3.3m

The estimated valuation range for basement force limited, derived from financial data as of November 2022 and the most recent industry multiples, is between £874.6k to £3.3m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Basement Force Limited AI Business Plan

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Basement Force Limited is a live company located in london, NW9 8TZ with a Companies House number of 02986065. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in November 1994, it's largest shareholder is force holdings ltd with a 100% stake. Basement Force Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7m with high growth in recent years.

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Pomanda's financial health check has awarded Basement Force Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £7m, make it larger than the average company (£4.8m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (3.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BASEMENT FORCE LIMITED group structure

Basement Force Limited has 2 subsidiary companies.

Ultimate parent company

FORCE HOLDINGS LIMITED

06960278

1 parent

BASEMENT FORCE LIMITED

02986065

2 subsidiaries

MANOR BUILDING CONTRACTORS LTD

08093766

FORCE FOUNDATIONS LIMITED

06123478

BASEMENT FORCE LIMITED Shareholders

force holdings ltd

100%

Basement Force Limited currently has 1 director, Mr Simon Haslam serving since Feb 2008.

officer	country	age	start	end	role
Mr Simon Haslam	England	58 years	Feb 2008	-	Director

EXPORT

Basement Force Limited's latest turnover from November 2022 is estimated at £7 million and the company has net assets of £1.3 million. According to their latest financial statements, Basement Force Limited has 14 employees and maintains cash reserves of £749.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	6,986,270	4,400,588	4,198,478	3,747,938	4,265,852	2,603,928	2,741,247	6,717,166	5,495,167	5,244,488	2,482,308	2,260,125	2,009,807	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,262,087	3,381,443	3,205,321	2,831,201	3,183,263	1,926,419	2,011,979	5,004,104	4,135,404	3,860,135	1,810,443	1,604,192	1,399,482	0
Gross Profit	1,724,183	1,019,145	993,157	916,737	1,082,589	677,509	729,268	1,713,062	1,359,764	1,384,353	671,866	655,932	610,325	0
Admin Expenses	1,553,932	1,471,065	1,442,511	487,427	535,928	748,375	549,135	1,722,566	1,067,999	938,286	431,978	395,404	491,177	-88,353
Operating Profit	170,251	-451,920	-449,354	429,310	546,661	-70,866	180,133	-9,504	291,765	446,067	239,888	260,528	119,148	88,353
Interest Payable	566	339	220	184	298	333	138	0	0	0	0	0	0	0
Interest Receivable	19,391	829	1,595	11,916	9,209	5,952	2,209	4,874	5,350	4,017	3,159	2,325	1,078	220
Pre-Tax Profit	189,077	-451,429	-447,979	441,042	555,573	-65,247	182,204	-4,630	297,115	450,084	243,046	262,853	120,226	88,574
Tax	-35,925	0	0	-83,798	-105,559	0	-36,441	0	-62,394	-103,519	-58,331	-68,342	-33,663	-24,801
Profit After Tax	153,152	-451,429	-447,979	357,244	450,014	-65,247	145,763	-4,630	234,721	346,565	184,715	194,511	86,563	63,773
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	153,152	-451,429	-447,979	357,244	450,014	-65,247	145,763	-4,630	234,721	346,565	184,715	194,511	86,563	63,773
Employee Costs	610,140	465,714	382,054	512,428	335,376	320,205	319,975	1,579,694	1,277,644	1,297,083	627,867	641,768	554,017	0
Number Of Employees	14	11	9	12	8	8	8	40	34	35	17	18	16	0
EBITDA*	178,748	-445,674	-419,960	458,090	587,138	-25,792	231,133	19,016	325,364	473,987	259,930	278,041	137,683	102,810

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	47,650	20,168	16,677	35,868	63,843	87,138	116,556	39,104	27,250	27,488	31,585	17,685	6,541	5,503
Intangible Assets	0	0	0	0	2,993	15,956	28,920	41,884	54,847	67,811	80,774	93,738	106,702	89,736
Investments & Other	274,470	476,623	200	200	200	200	200	200	200	200	200	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	322,120	496,791	16,877	36,068	67,036	103,294	145,676	81,188	82,297	95,499	112,559	111,423	113,243	95,239
Stock & work in progress	1,559,570	1,136,874	857,896	987,232	952,795	349,542	480,600	393,307	214,770	0	25,500	24,500	21,000	61,000
Trade Debtors	386,469	204,187	519,790	206,094	185,034	257,816	369,597	956,642	724,205	795,428	311,803	254,107	226,684	189,871
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	410,354	390,888	527,063	535,367	975,366	816,715	674,262	0	0	0	0	0	0	0
Cash	749,294	543,461	1,115,055	2,074,827	1,102,693	1,353,111	1,027,504	739,760	1,209,868	930,074	676,726	586,676	343,259	88,109
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,105,687	2,275,410	3,019,804	3,803,520	3,215,888	2,777,184	2,551,963	2,089,709	2,148,843	1,725,502	1,014,029	865,283	590,943	338,980
total assets	3,427,807	2,772,201	3,036,681	3,839,588	3,282,924	2,880,478	2,697,639	2,170,897	2,231,140	1,821,001	1,126,588	976,706	704,186	434,219
Bank overdraft	6,251	6,321	4,782	2,429	3,016	5,811	4,427	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	1,039,637	444,842	365,215	250,206	643,600	485,935	261,036	1,024,359	1,079,972	904,554	591,706	626,539	548,530	370,132
Group/Directors Accounts	0	0	0	0	0	100	100	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,093,863	1,186,134	1,080,351	1,552,641	959,240	1,161,578	1,139,775	0	0	0	0	0	0	0
total current liabilities	2,139,751	1,637,297	1,450,348	1,805,276	1,605,856	1,653,424	1,405,338	1,024,359	1,079,972	904,554	591,706	626,539	548,530	370,132
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	5,220	5,220	5,220	5,220	5,220	5,220	5,220	5,220	5,220	5,220	5,220	5,220	5,220	214
total long term liabilities	5,220	5,220	5,220	5,220	5,220	5,220	5,220	5,220	5,220	5,220	5,220	5,220	5,220	214
total liabilities	2,144,971	1,642,517	1,455,568	1,810,496	1,611,076	1,658,644	1,410,558	1,029,579	1,085,192	909,774	596,926	631,759	553,750	370,346
net assets	1,282,836	1,129,684	1,581,113	2,029,092	1,671,848	1,221,834	1,287,081	1,141,318	1,145,948	911,227	529,662	344,947	150,436	63,873
total shareholders funds	1,282,836	1,129,684	1,581,113	2,029,092	1,671,848	1,221,834	1,287,081	1,141,318	1,145,948	911,227	529,662	344,947	150,436	63,873

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	170,251	-451,920	-449,354	429,310	546,661	-70,866	180,133	-9,504	291,765	446,067	239,888	260,528	119,148	88,353
Depreciation	8,497	6,246	29,394	28,780	27,514	32,110	38,036	15,557	20,635	14,957	7,078	4,549	5,572	4,486
Amortisation	0	0	0	0	12,963	12,964	12,964	12,963	12,964	12,963	12,964	12,964	12,963	9,971
Tax	-35,925	0	0	-83,798	-105,559	0	-36,441	0	-62,394	-103,519	-58,331	-68,342	-33,663	-24,801
Stock	422,696	278,978	-129,336	34,437	603,253	-131,058	87,293	178,537	214,770	-25,500	1,000	3,500	-40,000	61,000
Debtors	201,748	-451,778	305,392	-418,939	85,869	30,672	87,217	232,437	-71,223	483,625	57,696	27,423	36,813	189,871
Creditors	594,795	79,627	115,009	-393,394	157,665	224,899	-763,323	-55,613	175,418	312,848	-34,833	78,009	178,398	370,132
Accruals and Deferred Income	-92,271	105,783	-472,290	593,401	-202,338	21,803	1,139,775	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	5,006	214
Cash flow from operations	20,903	-87,464	-953,297	958,801	-252,216	321,296	396,634	-447,571	294,841	225,191	108,070	256,785	290,611	197,484
Investing Activities
capital expenditure	-35,979	-9,737	-10,203	2,188	-4,219	-2,692	-115,488	-27,411	-20,397	-10,860	-20,978	-15,693	-36,539	-109,696
Change in Investments	-202,153	476,423	0	0	0	0	0	0	0	0	200	0	0	0
cash flow from investments	166,174	-486,160	-10,203	2,188	-4,219	-2,692	-115,488	-27,411	-20,397	-10,860	-21,178	-15,693	-36,539	-109,696
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	-100	0	100	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	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	35,000	0	0	0	100
interest	18,825	490	1,375	11,732	8,911	5,619	2,071	4,874	5,350	4,017	3,159	2,325	1,078	220
cash flow from financing	18,825	490	1,375	11,732	8,811	5,619	2,171	4,874	5,350	39,017	3,159	2,325	1,078	320
cash and cash equivalents
cash	205,833	-571,594	-959,772	972,134	-250,418	325,607	287,744	-470,108	279,794	253,348	90,050	243,417	255,150	88,109
overdraft	-70	1,539	2,353	-587	-2,795	1,384	4,427	0	0	0	0	0	0	0
change in cash	205,903	-573,133	-962,125	972,721	-247,623	324,223	283,317	-470,108	279,794	253,348	90,050	243,417	255,150	88,109

P&L

November 2022

turnover

+59%

operating profit

170.3k

gross margin

24.7%

+6.56%

turnover

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

Balance Sheet

November 2022

net assets

1.3m

+0.14%

total assets

3.4m

+0.24%

cash

749.3k

+0.38%

net assets

Total assets minus all liabilities

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company number

02986065

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

November 1994

age

accounts

Total Exemption Full

ultimate parent company

FORCE HOLDINGS LIMITED

previous names

force foundations limited (November 2019)

incorporated

address

jubilee house townsend lane, london, NW9 8TZ

last accounts submitted

November 2022

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 3 charges/mortgages relating to basement force limited. Currently there are 2 open charges and 1 have been satisfied in the past.

basement force limited Company Information

basement force limited Estimated Valuation

basement force limited Estimated Valuation

basement force limited Estimated Valuation

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