Apex Block Cutters Limited

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apex block cutters limited Company Information

Company Number

03013897

Next Accounts

16 days late

Directors

Giovanni Carrino

Shareholders

carrino holdings limited

Group Structure

View All

Industry

Floor and wall covering

Registered Address

9 malborough road, colmworth business park, eaton s, st neots, PE19 8YP

Website

www.apexbuildingproducts.co.uk

apex block cutters limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of APEX BLOCK CUTTERS LIMITED at £1.9m based on Net Assets of £937.4k and 2.01x industry multiple (adjusted for liquidity).

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Apex Block Cutters Limited is a live company located in st neots, PE19 8YP with a Companies House number of 03013897. It operates in the floor and wall covering sector, SIC Code 43330. Founded in January 1995, it's largest shareholder is carrino holdings limited with a 100% stake. Apex Block Cutters Limited is a mature, micro sized company, Pomanda has estimated its turnover at £393.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Apex Block Cutters Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £393.2k, make it smaller than the average company (£2m)

Growth

3 year (CAGR) sales growth of -26%, show it is growing at a slower rate (5.9%)

EXPORT

Apex Block Cutters Limited's latest turnover from June 2023 is estimated at £393.2 thousand and the company has net assets of £937.4 thousand. According to their latest financial statements, Apex Block Cutters Limited has 9 employees and maintains cash reserves of £1.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	393,212	977,438	946,928	982,695	983,306	818,277	986,643	903,125	3,448,064	7,119,402	6,115,279	4,740,430	3,944,480	5,940,720
Other Income Or Grants
Cost Of Sales	257,841	642,041	630,334	646,483	657,383	536,803	653,631	593,565	2,267,446	4,748,051	4,037,555	3,090,907	2,494,542	3,738,818
Gross Profit	135,371	335,397	316,594	336,213	325,923	281,474	333,012	309,560	1,180,619	2,371,351	2,077,723	1,649,523	1,449,938	2,201,902
Admin Expenses	230,232	399,799	691,436	381,959	282,221	-33,897	47,565	90,714	2,023,160	1,963,985	1,843,483	1,535,202	1,047,638	1,756,752	-616,988
Operating Profit	-94,861	-64,402	-374,842	-45,746	43,702	315,371	285,447	218,846	-842,541	407,366	234,240	114,321	402,300	445,150	616,988
Interest Payable
Interest Receivable	2,333	1,415	82	28	1,917	2,340	1,143	1,710	732	406	294	71	7	82	79
Pre-Tax Profit	-92,528	-62,987	-374,760	-45,718	45,620	317,711	286,590	220,556	-841,809	407,772	234,534	114,392	402,307	445,232	617,067
Tax					-8,668	-60,365	-54,452	-44,111		-85,632	-53,943	-27,454	-104,600	-124,665	-172,779
Profit After Tax	-92,528	-62,987	-374,760	-45,718	36,952	257,346	232,138	176,445	-841,809	322,140	180,591	86,938	297,707	320,567	444,288
Dividends Paid
Retained Profit	-92,528	-62,987	-374,760	-45,718	36,952	257,346	232,138	176,445	-841,809	322,140	180,591	86,938	297,707	320,567	444,288
Employee Costs	369,268	433,794	423,275	375,921	258,106	304,482	325,661	341,003	825,917	1,657,461	1,450,804	1,106,819	1,016,793	1,585,296
Number Of Employees	9	12	12	11	7	8	9	9	21	44	38	29	28	45
EBITDA*	-86,579	-55,341	-370,405	-40,943	49,632	319,870	287,892	220,756	-840,783	409,283	236,548	116,770	405,202	450,534	623,665

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	33,823	37,857	17,739	16,361	18,935	23,604	12,030	8,031	8,116	7,266	8,412	10,444	10,667	18,854	22,860
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	33,823	37,857	17,739	16,361	18,935	23,604	12,030	8,031	8,116	7,266	8,412	10,444	10,667	18,854	22,860
Stock & work in progress	11,700	16,316	18,129	13,050	12,150	11,200	10,780	15,333	14,620	14,228	11,668	491,122	493,098	514,946	509,298
Trade Debtors	10,435	128,625	164,729	179,302	193,252	119,998	210,014	161,991	758,948	1,781,229	1,405,351	872,360	755,116	953,452	1,173,226
Group Debtors	998,214	998,256	998,214	1,318,214	1,382,508	1,039,236	450,071	165,649
Misc Debtors	11,472	7,166	6,627	27,680	17,509	7,279	314,687	309,992						238,548	76,686
Cash	1,159	92,150	134,192	30,116	26,644	484,653	451,480	462,931	221,250	71,579	90,834	26,748	1,574	1,112	31,541
misc current assets
total current assets	1,032,980	1,242,513	1,321,891	1,568,362	1,632,063	1,662,366	1,437,032	1,115,896	994,818	1,867,036	1,507,853	1,390,230	1,249,788	1,708,058	1,790,751
total assets	1,066,803	1,280,370	1,339,630	1,584,723	1,650,998	1,685,970	1,449,062	1,123,927	1,002,934	1,874,302	1,516,265	1,400,674	1,260,455	1,726,912	1,813,611
Bank overdraft
Bank loan
Trade Creditors	39,084	130,099	104,429	67,613	116,559	111,184	44,427	28,035	191,286	221,123	184,976	190,738	137,622	723,409	1,369,223
Group/Directors Accounts	80,000	80,000	80,000				13,009	25,775				58,548	58,548	238,548
other short term finances
hp & lease commitments
other current liabilities	966	30,990	58,192	46,564	18,175	94,560	171,243	82,071
total current liabilities	120,050	241,089	242,621	114,177	134,734	205,744	228,679	135,881	191,286	221,123	184,976	249,286	196,170	961,957	1,369,223
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	9,343	9,343	4,084	2,861	2,861	3,775	1,278	1,079	1,126	848	1,098	1,788	1,623
total long term liabilities	9,343	9,343	4,084	2,861	2,861	3,775	1,278	1,079	1,126	848	1,098	1,788	1,623
total liabilities	129,393	250,432	246,705	117,038	137,595	209,519	229,957	136,960	192,412	221,971	186,074	251,074	197,793	961,957	1,369,223
net assets	937,410	1,029,938	1,092,925	1,467,685	1,513,403	1,476,451	1,219,105	986,967	810,522	1,652,331	1,330,191	1,149,600	1,062,662	764,955	444,388
total shareholders funds	937,410	1,029,938	1,092,925	1,467,685	1,513,403	1,476,451	1,219,105	986,967	810,522	1,652,331	1,330,191	1,149,600	1,062,662	764,955	444,388

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-94,861	-64,402	-374,842	-45,746	43,702	315,371	285,447	218,846	-842,541	407,366	234,240	114,321	402,300	445,150	616,988
Depreciation	8,282	9,061	4,437	4,803	5,930	4,499	2,445	1,910	1,758	1,917	2,308	2,449	2,902	5,384	6,677
Amortisation
Tax					-8,668	-60,365	-54,452	-44,111		-85,632	-53,943	-27,454	-104,600	-124,665	-172,779
Stock	-4,616	-1,813	5,079	900	950	420	-4,553	713	392	2,560	-479,454	-1,976	-21,848	5,648	509,298
Debtors	-113,926	-35,523	-355,626	-68,073	426,756	191,741	337,140	-121,316	-1,022,281	375,878	532,991	117,244	-436,884	-57,912	1,249,912
Creditors	-91,015	25,670	36,816	-48,946	5,375	66,757	16,392	-163,251	-29,837	36,147	-5,762	53,116	-585,787	-645,814	1,369,223
Accruals and Deferred Income	-30,024	-27,202	11,628	28,389	-76,385	-76,683	89,172	82,071
Deferred Taxes & Provisions		5,259	1,223		-914	2,497	199	-47	278	-250	-690	165	1,623
Cash flow from operations	-89,076	-14,278	29,809	5,673	-458,666	59,915	6,616	216,021	151,547	-18,890	122,616	27,329	175,170	-267,681	60,899
Investing Activities
capital expenditure	-4,248	-29,179	-5,815	-2,229	-1,261	-16,073	-6,444	-1,825	-2,608	-771	-276	-2,226	5,285	-1,378	-29,537
Change in Investments
cash flow from investments	-4,248	-29,179	-5,815	-2,229	-1,261	-16,073	-6,444	-1,825	-2,608	-771	-276	-2,226	5,285	-1,378	-29,537
Financing Activities
Bank loans
Group/Directors Accounts			80,000			-13,009	-12,766	25,775			-58,548		-180,000	238,548
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue															100
interest	2,333	1,415	82	28	1,917	2,340	1,143	1,710	732	406	294	71	7	82	79
cash flow from financing	2,333	1,415	80,082	28	1,917	-10,669	-11,623	27,485	732	406	-58,254	71	-179,993	238,630	179
cash and cash equivalents
cash	-90,991	-42,042	104,076	3,472	-458,009	33,173	-11,451	241,681	149,671	-19,255	64,086	25,174	462	-30,429	31,541
overdraft
change in cash	-90,991	-42,042	104,076	3,472	-458,009	33,173	-11,451	241,681	149,671	-19,255	64,086	25,174	462	-30,429	31,541

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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APEX BLOCK CUTTERS LIMITED group structure

Apex Block Cutters Limited has no subsidiary companies.

Ultimate parent company

CARRINO HOLDINGS LIMITED

11280856

1 parent

APEX BLOCK CUTTERS LIMITED

03013897

APEX BLOCK CUTTERS LIMITED Shareholders

carrino holdings limited

100%

Apex Block Cutters Limited currently has 1 director, Mr Giovanni Carrino serving since Jan 1995.

officer	country	age	start	end	role
Mr Giovanni Carrino	England	58 years	Jan 1995	-	Director

P&L

June 2023

turnover

393.2k

-60%

operating profit

-94.9k

gross margin

34.5%

+0.33%

turnover

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

Balance Sheet

June 2023

net assets

937.4k

-0.09%

total assets

1.1m

-0.17%

cash

1.2k

-0.99%

net assets

Total assets minus all liabilities

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company number

03013897

Type

Private limited with Share Capital

industry

43330 - Floor and wall covering

82990 - Other business support service activities n.e.c.

incorporation date

January 1995

ultimate parent company

CARRINO HOLDINGS LIMITED

previous names

N/A

address

9 malborough road, colmworth business park, eaton s, st neots, PE19 8YP

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 apex block cutters limited. Currently there are 1 open charges and 2 have been satisfied in the past.

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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apex block cutters limited Company Information

apex block cutters limited Estimated Valuation

apex block cutters limited Estimated Valuation

apex block cutters limited Estimated Valuation

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