baines & ernst limited
baines & ernst limited Company Information
Group Structure
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Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
2nd floor 110 cannon street, london, EC4N 6EU
Website
http://bainesandernst.co.ukbaines & ernst limited Estimated Valuation
Pomanda estimates the enterprise value of BAINES & ERNST LIMITED at £24.1m based on a Turnover of £13.8m and 1.75x industry multiple (adjusted for size and gross margin).
baines & ernst limited Estimated Valuation
Pomanda estimates the enterprise value of BAINES & ERNST LIMITED at £12.3m based on an EBITDA of £2m and a 6.02x industry multiple (adjusted for size and gross margin).
baines & ernst limited Estimated Valuation
Pomanda estimates the enterprise value of BAINES & ERNST LIMITED at £4m based on Net Assets of £3m and 1.31x industry multiple (adjusted for liquidity).
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Baines & Ernst Limited Overview
Baines & Ernst Limited is a live company located in london, EC4N 6EU with a Companies House number of 03167325. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in March 1996, it's largest shareholder is paymex ltd with a 100% stake. Baines & Ernst Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.8m with declining growth in recent years.
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Baines & Ernst Limited Health Check
Pomanda's financial health check has awarded Baines & Ernst Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £13.8m, make it larger than the average company (£3.4m)
£13.8m - Baines & Ernst Limited
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (4.1%)
-3% - Baines & Ernst Limited
4.1% - Industry AVG
Production
with a gross margin of 62.1%, this company has a comparable cost of product (62.1%)
62.1% - Baines & Ernst Limited
62.1% - Industry AVG
Profitability
an operating margin of 13.1% make it more profitable than the average company (10.8%)
13.1% - Baines & Ernst Limited
10.8% - Industry AVG
Employees
with 252 employees, this is above the industry average (19)
252 - Baines & Ernst Limited
19 - Industry AVG
Pay Structure
on an average salary of £25.3k, the company has a lower pay structure (£61.7k)
£25.3k - Baines & Ernst Limited
£61.7k - Industry AVG
Efficiency
resulting in sales per employee of £54.7k, this is less efficient (£200.1k)
£54.7k - Baines & Ernst Limited
£200.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Baines & Ernst Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (50 days)
18 days - Baines & Ernst Limited
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Baines & Ernst Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (36 weeks)
2 weeks - Baines & Ernst Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 80.2%, this is a higher level of debt than the average (57.1%)
80.2% - Baines & Ernst Limited
57.1% - Industry AVG
BAINES & ERNST LIMITED financials
Baines & Ernst Limited's latest turnover from December 2014 is £13.8 million and the company has net assets of £3 million. According to their latest financial statements, Baines & Ernst Limited has 252 employees and maintains cash reserves of £191.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|
| Turnover | 13,782,884 | 15,123,288 | 15,145,495 | 15,006,360 | 18,450,085 | 19,157,587 |
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | 1,808,185 | -589,912 | 1,781,121 | 1,039,851 | 1,363,905 | 922,766 |
| Interest Payable | 903,915 | 629,709 | 636,542 | 660,601 | 1,332,373 | 822,311 |
| Interest Receivable | 167 | |||||
| Pre-Tax Profit | 904,270 | -1,219,621 | 1,144,579 | 379,250 | 31,532 | 100,622 |
| Tax | -212,211 | 268,909 | -310,899 | -47,450 | -17,487 | 418,246 |
| Profit After Tax | 692,059 | -950,712 | 833,680 | 331,800 | 14,045 | 518,868 |
| Dividends Paid | ||||||
| Retained Profit | 692,059 | -950,712 | 833,680 | 331,800 | 14,045 | 518,868 |
| Employee Costs | 6,381,446 | 7,185,208 | 7,107,563 | 6,514,344 | 7,656,133 | 9,102,284 |
| Number Of Employees | 252 | 292 | 295 | 291 | 360 | 258 |
| EBITDA* | 2,046,043 | -402,800 | 1,946,240 | 1,338,173 | 1,632,410 | 1,320,053 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 558,027 | 624,663 | 269,392 | 225,447 | 350,628 | 526,032 |
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | 36,567 | 85,010 | 105,560 | 125,352 | 168,918 | 194,905 |
| Total Fixed Assets | 594,594 | 709,673 | 374,952 | 350,799 | 519,546 | 720,937 |
| Stock & work in progress | ||||||
| Trade Debtors | ||||||
| Group Debtors | 14,020,320 | 13,332,216 | 15,560,697 | 12,565,563 | 3,753,415 | 3,699,306 |
| Misc Debtors | 583,985 | 310,500 | 260,397 | 406,562 | 523,229 | 387,355 |
| Cash | 191,394 | 391,317 | 282,891 | 156,688 | 210,852 | 122,641 |
| misc current assets | ||||||
| total current assets | 14,795,699 | 14,034,033 | 16,103,985 | 13,128,813 | 4,487,496 | 4,209,302 |
| total assets | 15,390,293 | 14,743,706 | 16,478,937 | 13,479,612 | 5,007,042 | 4,930,239 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 260,870 | 389,206 | 593,756 | 655,050 | 418,167 | 507,121 |
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | 43,951 | 48,586 | 17,338 | 49,743 | 48,047 | |
| other current liabilities | 3,629,486 | 3,301,228 | 4,085,210 | 3,303,189 | 2,192,889 | 2,161,019 |
| total current liabilities | 3,934,307 | 3,739,020 | 4,696,304 | 3,958,239 | 2,660,799 | 2,716,187 |
| loans | 8,277,403 | 8,483,059 | 8,325,750 | 6,899,386 | ||
| hp & lease commitments | 18,432 | 63,471 | 28,084 | 57,314 | ||
| Accruals and Deferred Income | ||||||
| other liabilities | ||||||
| provisions | 110,995 | 101,059 | 120,990 | 147,858 | 203,914 | 28,454 |
| total long term liabilities | 8,406,830 | 8,647,589 | 8,474,824 | 7,047,244 | 203,914 | 85,768 |
| total liabilities | 12,341,137 | 12,386,609 | 13,171,128 | 11,005,483 | 2,864,713 | 2,801,955 |
| net assets | 3,049,156 | 2,357,097 | 3,307,809 | 2,474,129 | 2,142,329 | 2,128,284 |
| total shareholders funds | 3,049,156 | 2,357,097 | 3,307,809 | 2,474,129 | 2,142,329 | 2,128,284 |
| Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 1,808,185 | -589,912 | 1,781,121 | 1,039,851 | 1,363,905 | 922,766 |
| Depreciation | 237,858 | 187,112 | 165,119 | 298,322 | 268,505 | 397,287 |
| Amortisation | ||||||
| Tax | -212,211 | 268,909 | -310,899 | -47,450 | -17,487 | 418,246 |
| Stock | ||||||
| Debtors | 913,146 | -2,198,928 | 2,829,177 | 8,651,915 | 163,996 | 4,281,566 |
| Creditors | -128,336 | -204,550 | -61,294 | 236,883 | -88,954 | 507,121 |
| Accruals and Deferred Income | 328,258 | -783,982 | 782,021 | 1,110,300 | 31,870 | 2,161,019 |
| Deferred Taxes & Provisions | 9,936 | -19,931 | -26,868 | -56,056 | 175,460 | 28,454 |
| Cash flow from operations | 1,130,544 | 1,056,574 | -499,977 | -6,070,065 | 1,569,303 | 153,327 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | -205,656 | 157,309 | 1,426,364 | 6,899,386 | ||
| Hire Purchase and Lease Commitments | -49,674 | 66,635 | 45,422 | -49,743 | -55,618 | 105,361 |
| other long term liabilities | ||||||
| share issue | ||||||
| interest | -903,915 | -629,709 | -636,542 | -660,601 | -1,332,373 | -822,144 |
| cash flow from financing | -1,159,245 | -405,765 | 835,244 | 6,189,042 | -1,387,991 | 892,633 |
| cash and cash equivalents | ||||||
| cash | -199,923 | 108,426 | 126,203 | -54,164 | 88,211 | 122,641 |
| overdraft | ||||||
| change in cash | -199,923 | 108,426 | 126,203 | -54,164 | 88,211 | 122,641 |
baines & ernst limited Credit Report and Business Information
Baines & Ernst Limited Competitor Analysis
Perform a competitor analysis for baines & ernst limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC4N area or any other competitors across 12 key performance metrics.
baines & ernst limited Ownership
BAINES & ERNST LIMITED group structure
Baines & Ernst Limited has no subsidiary companies.
baines & ernst limited directors
Baines & Ernst Limited currently has 1 director, Mr Andrew Wisedale serving since Mar 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Wisedale | England | 60 years | Mar 2014 | - | Director |
P&L
December 2014turnover
13.8m
-9%
operating profit
1.8m
-407%
gross margin
62.1%
+2.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2014net assets
3m
+0.29%
total assets
15.4m
+0.04%
cash
191.4k
-0.51%
net assets
Total assets minus all liabilities
baines & ernst limited company details
company number
03167325
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
March 1996
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2014
previous names
baines and ernst limited (August 2000)
baines & ernst financial management limited (April 2000)
accountant
-
auditor
-
address
2nd floor 110 cannon street, london, EC4N 6EU
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
baines & ernst 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 found 4 charges/mortgages relating to baines & ernst limited. Currently there are 1 open charges and 3 have been satisfied in the past.
baines & ernst 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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baines & ernst limited Companies House Filings - See Documents
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