Cutts Refrigeration Limited

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cutts refrigeration limited Company Information

Live

MatureSmallDeclining

Company Number

03107809

Next Accounts

Dec 2025

Industry

Repair of other equipment

Directors

Alastair Cutts

Jeanette Cutts

Shareholders

a. cutts

j.a. cutts

Group Structure

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Contact

Registered Address

2 mayfield gardens, shrewsbury, shropshire, SY2 6PZ

Website

www.cuttsrefrigeration.com

cutts refrigeration limited Estimated Valuation

£892.2k

Pomanda estimates the enterprise value of CUTTS REFRIGERATION LIMITED at £892.2k based on Net Assets of £237.7k and 3.75x industry multiple (adjusted for liquidity).

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Cutts Refrigeration Limited is a live company located in shropshire, SY2 6PZ with a Companies House number of 03107809. It operates in the repair of other equipment sector, SIC Code 33190. Founded in September 1995, it's largest shareholder is a. cutts with a 50% stake. Cutts Refrigeration Limited is a mature, small sized company, Pomanda has estimated its turnover at £509.5k with declining growth in recent years.

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Pomanda's financial health check has awarded Cutts Refrigeration 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

1 Regular

7 Weak

Size

annual sales of £509.5k, make it smaller than the average company (£4.2m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (7.8%)

EXPORT

Cutts Refrigeration Limited's latest turnover from March 2024 is estimated at £509.5 thousand and the company has net assets of £237.7 thousand. According to their latest financial statements, Cutts Refrigeration Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	509,510	507,409	869,863	660,019	787,108	708,901	660,256	960,238	198,690	205,013	301,432	258,463	186,204	186,178	220,436
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	397,530	392,642	678,738	521,962	607,317	548,657	500,450	725,123	150,887	151,973	216,576	186,839	133,147	129,057	152,879
Gross Profit	111,980	114,767	191,125	138,057	179,791	160,244	159,807	235,114	47,802	53,040	84,855	71,624	53,058	57,121	67,557
Admin Expenses	108,707	133,929	124,094	147,549	153,790	176,104	213,390	178,537	5,129	69,510	79,329	65,755	56,890	33,058	-167,904
Operating Profit	3,273	-19,162	67,031	-9,492	26,001	-15,860	-53,583	56,577	42,673	-16,470	5,526	5,869	-3,832	24,063	235,461
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	198	685	524	491	573	649	626	295
Pre-Tax Profit	3,273	-19,162	67,031	-9,492	26,001	-15,860	-53,583	56,775	43,358	-15,946	6,017	6,442	-3,183	24,689	235,756
Tax	-818	0	-12,736	0	-4,940	0	0	-11,355	-8,671	0	-1,384	-1,546	0	-6,913	-66,012
Profit After Tax	2,455	-19,162	54,295	-9,492	21,061	-15,860	-53,583	45,420	34,686	-15,946	4,633	4,896	-3,183	17,776	169,744
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	2,455	-19,162	54,295	-9,492	21,061	-15,860	-53,583	45,420	34,686	-15,946	4,633	4,896	-3,183	17,776	169,744
Employee Costs	88,542	83,972	233,028	185,517	179,790	155,385	149,505	181,266	37,693	37,698	72,236	74,718	36,275	69,226	71,169
Number Of Employees	2	2	6	5	5	4	4	5	1	1	2	2	1	2	2
EBITDA*	3,273	-19,162	67,031	-9,492	26,001	-15,860	-53,583	56,577	42,673	1,094	23,187	20,001	11,427	41,433	248,355

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	40,804	19,631	20,811	33,365	42,867	53,811	72,036	57,695	57,174	46,635	57,244	65,163	49,815	64,041	39,672
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	40,804	19,631	20,811	33,365	42,867	53,811	72,036	57,695	57,174	46,635	57,244	65,163	49,815	64,041	39,672
Stock & work in progress	0	0	0	0	0	0	0	0	8,234	6,895	5,144	7,255	6,786	6,647	7,405
Trade Debtors	207,739	231,990	340,342	256,270	269,362	213,518	204,530	309,603	56,974	68,643	100,062	78,328	55,629	52,907	64,126
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	158,508	115,447	94,095	102,129	126,949	132,569	117,882
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	207,739	231,990	340,342	256,270	269,362	213,518	204,530	309,603	223,716	190,985	199,301	187,712	189,364	192,123	189,413
total assets	248,543	251,621	361,153	289,635	312,229	267,329	276,566	367,298	280,890	237,620	256,545	252,875	239,179	256,164	229,085
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	10,803	16,336	106,706	89,483	102,585	78,746	72,123	109,272	68,184	59,600	62,579	63,542	54,742	68,544	59,241
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	10,803	16,336	106,706	89,483	102,585	78,746	72,123	109,272	68,184	59,600	62,579	63,542	54,742	68,544	59,241
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	10,803	16,336	106,706	89,483	102,585	78,746	72,123	109,272	68,184	59,600	62,579	63,542	54,742	68,544	59,241
net assets	237,740	235,285	254,447	200,152	209,644	188,583	204,443	258,026	212,706	178,020	193,966	189,333	184,437	187,620	169,844
total shareholders funds	237,740	235,285	254,447	200,152	209,644	188,583	204,443	258,026	212,706	178,020	193,966	189,333	184,437	187,620	169,844

	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	3,273	-19,162	67,031	-9,492	26,001	-15,860	-53,583	56,577	42,673	-16,470	5,526	5,869	-3,832	24,063	235,461
Depreciation	0	0	0	0	0	0	0	0	0	17,564	17,661	14,132	15,259	17,370	12,894
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-818	0	-12,736	0	-4,940	0	0	-11,355	-8,671	0	-1,384	-1,546	0	-6,913	-66,012
Stock	0	0	0	0	0	0	0	-8,234	1,339	1,751	-2,111	469	139	-758	7,405
Debtors	-24,251	-108,352	84,072	-13,092	55,844	8,988	-105,073	252,629	-11,669	-31,419	21,734	22,699	2,722	-11,219	64,126
Creditors	-5,533	-90,370	17,223	-13,102	23,839	6,623	-37,149	41,088	8,584	-2,979	-963	8,800	-13,802	9,303	59,241
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	21,173	-1,180	-12,554	-9,502	-10,944	-18,225	14,341	-158,085	52,916	27,783	1,217	4,087	-5,236	55,800	170,053
Investing Activities
capital expenditure	-21,173	1,180	12,554	9,502	10,944	18,225	-14,341	-521	-10,539	-6,955	-9,742	-29,480	-1,033	-41,739	-52,566
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-21,173	1,180	12,554	9,502	10,944	18,225	-14,341	-521	-10,539	-6,955	-9,742	-29,480	-1,033	-41,739	-52,566
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0
Long term loans	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	198	685	524	491	573	649	626	295
cash flow from financing	0	0	0	0	0	0	0	98	685	524	491	573	649	626	395
cash and cash equivalents
cash	0	0	0	0	0	0	0	-158,508	43,061	21,352	-8,034	-24,820	-5,620	14,687	117,882
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-158,508	43,061	21,352	-8,034	-24,820	-5,620	14,687	117,882

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CUTTS REFRIGERATION LIMITED group structure

Cutts Refrigeration Limited has no subsidiary companies.

Ultimate parent company

CUTTS REFRIGERATION LIMITED

03107809

CUTTS REFRIGERATION LIMITED Shareholders

a. cutts	50%
j.a. cutts	50%

Cutts Refrigeration Limited currently has 2 directors. The longest serving directors include Mr Alastair Cutts (Sep 1995) and Mrs Jeanette Cutts (Sep 1996).

officer	country	age	start	end	role
Mr Alastair Cutts		66 years	Sep 1995	-	Director
Mrs Jeanette Cutts		63 years	Sep 1996	-	Director

P&L

March 2024

turnover

509.5k

operating profit

3.3k

gross margin

22%

-2.83%

turnover

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

Balance Sheet

March 2024

net assets

237.7k

+0.01%

total assets

248.5k

-0.01%

cash

net assets

Total assets minus all liabilities

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company number

03107809

Type

Private limited with Share Capital

industry

33190 - Repair of other equipment

incorporation date

September 1995

ultimate parent company

None

previous names

N/A

address

2 mayfield gardens, shrewsbury, shropshire, SY2 6PZ

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 cutts refrigeration limited. Currently there are 0 open charges and 1 have been satisfied in the past.

cutts refrigeration limited Company Information

cutts refrigeration limited Estimated Valuation

cutts refrigeration limited Estimated Valuation

cutts refrigeration limited Estimated Valuation

Cutts Refrigeration Limited Overview

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CUTTS REFRIGERATION LIMITED financials

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