createability limited
createability limited Company Information
Company Number
02996007
Next Accounts
1519 days late
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Directors
Shareholders
undisclosed
ian nigel cotgrave
Group Structure
View All
Contact
Registered Address
1580 parkway, solent busines park, fareham, hampshire, PO15 7AG
Website
www.createability.co.ukcreateability limited Estimated Valuation
Pomanda estimates the enterprise value of CREATEABILITY LIMITED at £5.5m based on a Turnover of £11.4m and 0.48x industry multiple (adjusted for size and gross margin).
createability limited Estimated Valuation
Pomanda estimates the enterprise value of CREATEABILITY LIMITED at £0 based on an EBITDA of £-897.6k and a 4.42x industry multiple (adjusted for size and gross margin).
createability limited Estimated Valuation
Pomanda estimates the enterprise value of CREATEABILITY LIMITED at £2.4m based on Net Assets of £1m and 2.27x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Createability Limited Overview
Createability Limited is a live company located in fareham, PO15 7AG with a Companies House number of 02996007. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in November 1994, it's largest shareholder is undisclosed with a 99% stake. Createability Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.4m with rapid growth in recent years.
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Createability Limited Health Check
Pomanda's financial health check has awarded Createability Limited a 4 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
5 Strong
1 Regular
5 Weak
Size
annual sales of £11.4m, make it larger than the average company (£3.1m)
£11.4m - Createability Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 31%, show it is growing at a faster rate (6.4%)
31% - Createability Limited
6.4% - Industry AVG
Production
with a gross margin of 20.5%, this company has a higher cost of product (25.6%)
20.5% - Createability Limited
25.6% - Industry AVG
Profitability
an operating margin of -8.3% make it less profitable than the average company (6.2%)
-8.3% - Createability Limited
6.2% - Industry AVG
Employees
with 36 employees, this is similar to the industry average (38)
36 - Createability Limited
38 - Industry AVG
Pay Structure
on an average salary of £58.4k, the company has a higher pay structure (£41.9k)
£58.4k - Createability Limited
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £317.5k, this is more efficient (£159.7k)
£317.5k - Createability Limited
£159.7k - Industry AVG
Debtor Days
it gets paid by customers after 85 days, this is later than average (56 days)
85 days - Createability Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 116 days, this is slower than average (42 days)
116 days - Createability Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Createability Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (18 weeks)
23 weeks - Createability Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.3%, this is a higher level of debt than the average (62.4%)
80.3% - Createability Limited
62.4% - Industry AVG
CREATEABILITY LIMITED financials
Createability Limited's latest turnover from November 2018 is £11.4 million and the company has net assets of £1 million. According to their latest financial statements, Createability Limited has 36 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,431,474 | 11,790,732 | 10,535,110 | 5,114,936 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 9,091,275 | 9,270,236 | 8,112,730 | 3,657,821 | ||||||
| Gross Profit | 2,340,199 | 2,520,496 | 2,422,380 | 1,457,115 | ||||||
| Admin Expenses | 3,287,826 | 2,198,419 | 1,605,299 | 1,362,681 | ||||||
| Operating Profit | -947,627 | 322,077 | 817,081 | 94,434 | ||||||
| Interest Payable | 3,001 | 1,370 | 0 | 0 | ||||||
| Interest Receivable | 3,656 | 5,014 | 7,425 | 5,839 | ||||||
| Pre-Tax Profit | -946,972 | 325,721 | 820,829 | 94,302 | ||||||
| Tax | 70,772 | -60,746 | -165,310 | -20,870 | ||||||
| Profit After Tax | -876,200 | 264,975 | 655,519 | 73,432 | ||||||
| Dividends Paid | 100,000 | 0 | 0 | 0 | ||||||
| Retained Profit | -976,200 | 264,975 | 655,519 | 73,432 | ||||||
| Employee Costs | 2,101,455 | 2,209,947 | ||||||||
| Number Of Employees | 36 | 33 | 25 | |||||||
| EBITDA* | -897,579 | 370,463 | 866,331 | 145,923 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 187,635 | 151,543 | 171,783 | 178,678 | 141,335 | 149,138 | 113,489 | 76,317 | 97,564 | 95,671 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 7,741 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 195,376 | 151,543 | 171,783 | 178,678 | 141,335 | 149,138 | 113,489 | 76,317 | 97,564 | 95,671 |
| Stock & work in progress | 0 | 0 | 50,776 | 63 | 6,001 | 20,876 | 2,049 | 17,283 | 32,300 | 10,625 |
| Trade Debtors | 2,685,597 | 2,160,254 | 2,360,042 | 455,340 | 1,069,891 | 1,252,683 | 763,487 | 879,771 | 677,810 | 872,886 |
| Group Debtors | 0 | 0 | 24,494 | 101,210 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 462,641 | 282,914 | 284,476 | 62,787 | 1,479 | 6,647 | 136,479 | 2,137 | 5,306 | 0 |
| Cash | 1,932,456 | 2,587,462 | 1,484,234 | 1,192,403 | 947,922 | 1,364,728 | 1,055,703 | 1,243,086 | 1,303,544 | 1,703,637 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,080,694 | 5,030,630 | 4,204,022 | 1,811,803 | 2,025,293 | 2,644,934 | 1,957,718 | 2,142,277 | 2,018,960 | 2,587,148 |
| total assets | 5,276,070 | 5,182,173 | 4,375,805 | 1,990,481 | 2,166,628 | 2,794,072 | 2,071,207 | 2,218,594 | 2,116,524 | 2,682,819 |
| Bank overdraft | 67,313 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,892,000 | 2,358,394 | 2,135,021 | 611,148 | 1,131,602 | 1,790,860 | 939,915 | 1,432,844 | 1,453,061 | 816,260 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 9,777 | 18,921 | 26,858 | 67,891 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,231,997 | 784,154 | 449,894 | 205,590 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 4,201,087 | 3,161,469 | 2,611,773 | 884,629 | 1,131,602 | 1,790,860 | 939,915 | 1,432,844 | 1,453,061 | 816,260 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 29,761 | 0 | 19,086 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 38,907 | 35,676 | 6,185 | 14,817 | 4,767 |
| provisions | 7,741 | 7,023 | 10,026 | 12,665 | 15,271 | 18,882 | 18,100 | 5,652 | 8,219 | 5,733 |
| total long term liabilities | 37,502 | 7,023 | 29,112 | 12,665 | 15,271 | 57,789 | 53,776 | 11,837 | 23,036 | 10,500 |
| total liabilities | 4,238,589 | 3,168,492 | 2,640,885 | 897,294 | 1,146,873 | 1,848,649 | 993,691 | 1,444,681 | 1,476,097 | 826,760 |
| net assets | 1,037,481 | 2,013,681 | 1,734,920 | 1,093,187 | 1,019,755 | 945,423 | 1,077,516 | 773,913 | 640,427 | 1,856,059 |
| total shareholders funds | 1,037,481 | 2,013,681 | 1,734,920 | 1,093,187 | 1,019,755 | 945,423 | 1,077,516 | 773,913 | 640,427 | 1,856,059 |
| Nov 2018 | Nov 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Nov 2013 | Nov 2012 | Nov 2011 | Nov 2010 | Nov 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -947,627 | 322,077 | 817,081 | 94,434 | ||||||
| Depreciation | 50,048 | 48,386 | 49,250 | 51,489 | 35,997 | 30,770 | 25,041 | 24,129 | 26,559 | 35,210 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 70,772 | -60,746 | -165,310 | -20,870 | ||||||
| Stock | 0 | -50,776 | 50,713 | -5,938 | -14,875 | 18,827 | -15,234 | -15,017 | 21,675 | 10,625 |
| Debtors | 712,811 | -225,844 | 2,049,675 | -452,033 | -187,960 | 359,364 | 18,058 | 198,792 | -189,770 | 872,886 |
| Creditors | 533,606 | 223,373 | 1,523,873 | -520,454 | -659,258 | 850,945 | -492,929 | -20,217 | 636,801 | 816,260 |
| Accruals and Deferred Income | 447,843 | 334,260 | 244,304 | 205,590 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 718 | -3,003 | -2,639 | -2,606 | -3,611 | 782 | 12,448 | -2,567 | 2,486 | 5,733 |
| Cash flow from operations | -557,451 | 1,140,967 | 366,171 | 265,554 | ||||||
| Investing Activities | ||||||||||
| capital expenditure | -61,393 | -44,083 | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -61,393 | -44,083 | ||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 20,617 | -27,023 | -21,947 | 67,891 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -38,907 | 3,231 | 29,491 | -8,632 | 10,050 | 4,767 |
| share issue | ||||||||||
| interest | 655 | 3,644 | 7,425 | 5,839 | ||||||
| cash flow from financing | 21,272 | -9,593 | -28,308 | 73,730 | ||||||
| cash and cash equivalents | ||||||||||
| cash | -655,006 | 1,103,228 | 291,831 | 244,481 | -416,806 | 309,025 | -187,383 | -60,458 | -400,093 | 1,703,637 |
| overdraft | 67,313 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -722,319 | 1,103,228 | 291,831 | 244,481 | -416,806 | 309,025 | -187,383 | -60,458 | -400,093 | 1,703,637 |
createability limited Credit Report and Business Information
Createability Limited Competitor Analysis
Perform a competitor analysis for createability limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in PO15 area or any other competitors across 12 key performance metrics.
createability limited Ownership
CREATEABILITY LIMITED group structure
Createability Limited has no subsidiary companies.
Ultimate parent company
CREATEABILITY LIMITED
02996007
createability limited directors
Createability Limited currently has 1 director, Mr Ian Cotgrave serving since Nov 1994.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Cotgrave | United Kingdom | 66 years | Nov 1994 | - | Director |
P&L
November 2018turnover
11.4m
-3%
operating profit
-947.6k
-394%
gross margin
20.5%
-4.24%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2018net assets
1m
-0.48%
total assets
5.3m
+0.02%
cash
1.9m
-0.25%
net assets
Total assets minus all liabilities
createability limited company details
company number
02996007
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
November 1994
age
31
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
November 2018
previous names
N/A
accountant
-
auditor
FIANDER TOVELL LIMITED
address
1580 parkway, solent busines park, fareham, hampshire, PO15 7AG
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
createability 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 did not find charges/mortgages relating to createability limited.
createability 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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createability limited Companies House Filings - See Documents
| date | description | view/download |
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