Classic Creative Home Improvements Limited

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classic creative home improvements limited Company Information

Live

MatureMicroDeclining

Company Number

03177983

Website

www.classic-homeimprovements.co.uk

Registered Address

suite 501 the nexus building, broadway, letchworth garden city, herts, SG6 9BL

Industry

Glazing

Telephone

Next Accounts Due

May 2025

Group Structure

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Directors

Timothy Sparks27 Years

Shareholders

mr timothy sean sparks 100%

classic creative home improvements limited Estimated Valuation

£874.3k

Pomanda estimates the enterprise value of CLASSIC CREATIVE HOME IMPROVEMENTS LIMITED at £874.3k based on an EBITDA of £261.2k and a 3.35x industry multiple (adjusted for size and gross margin).

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Classic Creative Home Improvements Limited is a live company located in letchworth garden city, SG6 9BL with a Companies House number of 03177983. It operates in the glazing sector, SIC Code 43342. Founded in March 1996, it's largest shareholder is mr timothy sean sparks with a 100% stake. Classic Creative Home Improvements Limited is a mature, micro sized company, Pomanda has estimated its turnover at £298.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Classic Creative Home Improvements Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £298.4k, make it smaller than the average company (£626.9k)

Growth

3 year (CAGR) sales growth of -29%, show it is growing at a slower rate (5.9%)

EXPORT

Classic Creative Home Improvements Limited's latest turnover from August 2023 is estimated at £298.4 thousand and the company has net assets of £97.8 thousand. According to their latest financial statements, Classic Creative Home Improvements Limited has 4 employees and maintains cash reserves of £55.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	298,425	321,448	543,153	848,075	524,201	764,490	736,117	578,378	822,545	1,080,665	1,363,235	893,566	897,799	1,138,847	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	205,732	222,284	406,679	584,071	380,148	563,037	493,831	391,310	551,685	686,412	862,433	578,828	578,691	712,313	0
Gross Profit	92,693	99,164	136,474	264,004	144,052	201,452	242,286	187,068	270,860	394,254	500,802	314,739	319,109	426,534	0
Admin Expenses	-165,726	99,149	83,553	302,462	171,360	212,480	125,064	192,201	225,748	442,341	554,685	341,476	319,492	426,557	0
Operating Profit	258,419	15	52,921	-38,458	-27,308	-11,028	117,222	-5,133	45,112	-48,087	-53,883	-26,737	-383	-23	0
Interest Payable	8,296	10,168	8,296	7,522	8,505	8,534	9,246	5,671	0	0	0	0	0	0	0
Interest Receivable	1,387	0	0	0	0	1	1	1	1	1	1	361	383	23	0
Pre-Tax Profit	251,509	-10,153	44,625	-45,980	-35,813	-19,561	107,977	-10,803	45,113	-48,086	-53,882	-26,376	0	0	0
Tax	-62,877	0	-8,479	0	0	0	-20,516	0	-9,022	0	0	0	0	0	0
Profit After Tax	188,632	-10,153	36,146	-45,980	-35,813	-19,561	87,461	-10,803	36,090	-48,086	-53,882	-26,376	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	188,632	-10,153	36,146	-45,980	-35,813	-19,561	87,461	-10,803	36,090	-48,086	-53,882	-26,376	0	0	0
Employee Costs	116,584	81,203	229,132	203,203	223,699	248,576	237,047	275,419	222,719	324,574	354,727	286,078	256,479	283,500	0
Number Of Employees	4	3	8	8	8	9	9	10	8	12	14	11	10	12	0
EBITDA*	261,223	3,071	53,908	-37,268	-25,972	-9,573	119,637	-20	54,330	-36,660	-41,733	-12,518	11,214	14,342	11,838

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	10,378	335,918	327,171	328,158	329,348	329,601	256,056	260,557	184,768	199,752	206,184	207,544	200,864	210,239	223,400
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	7,348	4,545	67	14,991	0	0	0	0	0	0	0
Debtors (Due After 1 year)	110	2,691	11,380	19,202	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	10,488	338,609	338,551	347,360	336,696	334,146	256,123	275,548	184,768	199,752	206,184	207,544	200,864	210,239	223,400
Stock & work in progress	34,954	6,000	43,661	47,048	20,000	37,947	43,865	24,151	33,097	21,826	32,213	20,263	27,926	28,428	23,668
Trade Debtors	15,705	17,972	13,434	33,755	23,260	56,840	54,975	43,391	55,988	93,331	113,454	81,227	54,070	96,436	125,015
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	129,563	6,654	2,083	20,965	11,645	46,211	12,307	8,390	0	0	0	0	0	29,522	0
Cash	55,471	0	0	0	0	0	207	207	207	107	226	226	144,177	8,960	76
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	235,693	30,626	59,178	101,768	54,905	140,998	111,354	76,139	89,292	115,264	145,893	101,716	226,173	163,346	148,759
total assets	246,181	369,235	397,729	449,128	391,601	475,144	367,477	351,687	274,060	315,016	352,077	309,260	427,037	373,585	372,159
Bank overdraft	10,604	56,399	49,317	52,060	52,318	70,296	38,710	99,015	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	43,202	106,199	112,377	203,768	114,205	150,416	122,300	87,324	262,247	331,392	308,987	197,273	294,740	231,942	218,314
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	77,834	60,474	57,164	59,201	64,767	51,381	51,323	90,913	0	0	0	0	0	0	0
total current liabilities	131,640	223,072	218,858	315,029	231,290	272,093	212,333	277,252	262,247	331,392	308,987	197,273	294,740	231,942	218,314
loans	16,766	67,070	89,625	80,999	61,231	68,158	75,690	82,442	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	89,017	96,918	108,298	119,261	115,351	123,756	134,598
provisions	0	0	0	0	0	0	0	0	0	0	0	4,052	1,896	2,837	4,197
total long term liabilities	16,766	67,070	89,625	80,999	61,231	68,158	75,690	82,442	89,017	96,918	108,298	123,313	117,247	126,593	138,795
total liabilities	148,406	290,142	308,483	396,028	292,521	340,251	288,023	359,694	351,264	428,310	417,285	320,586	411,987	358,535	357,109
net assets	97,775	79,093	89,246	53,100	99,080	134,893	79,454	-8,007	-77,204	-113,294	-65,208	-11,326	15,050	15,050	15,050
total shareholders funds	97,775	79,093	89,246	53,100	99,080	134,893	79,454	-8,007	-77,204	-113,294	-65,208	-11,326	15,050	15,050	15,050

	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	258,419	15	52,921	-38,458	-27,308	-11,028	117,222	-5,133	45,112	-48,087	-53,883	-26,737	-383	-23	0
Depreciation	2,804	3,056	987	1,190	1,336	1,455	2,415	5,113	9,218	11,427	12,150	14,219	11,597	14,365	11,838
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-62,877	0	-8,479	0	0	0	-20,516	0	-9,022	0	0	0	0	0	0
Stock	28,954	-37,661	-3,387	27,048	-17,947	-5,918	19,714	-8,946	11,271	-10,387	11,950	-7,663	-502	4,760	23,668
Debtors	118,061	420	-47,025	39,017	-68,146	35,769	15,501	-4,207	-37,343	-20,123	32,227	27,157	-71,888	943	125,015
Creditors	-62,997	-6,178	-91,391	89,563	-36,211	28,116	34,976	-174,923	-69,145	22,405	111,714	-97,467	62,798	13,628	218,314
Accruals and Deferred Income	17,360	3,310	-2,037	-5,566	13,386	58	-39,590	90,913	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	-4,052	2,156	-941	-1,360	4,197
Cash flow from operations	5,694	37,444	2,413	-19,336	37,296	-11,250	59,292	-70,877	2,235	16,255	21,752	-127,323	145,461	20,907	85,666
Investing Activities
capital expenditure	322,736	-11,803	0	0	-1,083	-75,000	2,086	-80,902	5,766	-4,995	-10,790	-20,899	-2,222	-1,204	-235,238
Change in Investments	0	0	0	-7,348	2,803	4,478	-14,924	14,991	0	0	0	0	0	0	0
cash flow from investments	322,736	-11,803	0	7,348	-3,886	-79,478	17,010	-95,893	5,766	-4,995	-10,790	-20,899	-2,222	-1,204	-235,238
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	-50,304	-22,555	8,626	19,768	-6,927	-7,532	-6,752	82,442	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	-89,017	-7,901	-11,380	-10,963	3,910	-8,405	-10,842	134,598
share issue	-169,950	0	0	0	0	75,000	0	80,000	0	0	0	0	0	0	15,050
interest	-6,909	-10,168	-8,296	-7,522	-8,505	-8,533	-9,245	-5,670	1	1	1	361	383	23	0
cash flow from financing	-227,163	-32,723	330	12,246	-15,432	58,935	-15,997	67,755	-7,900	-11,379	-10,962	4,271	-8,022	-10,819	149,648
cash and cash equivalents
cash	55,471	0	0	0	0	-207	0	0	100	-119	0	-143,951	135,217	8,884	76
overdraft	-45,795	7,082	-2,743	-258	-17,978	31,586	-60,305	99,015	0	0	0	0	0	0	0
change in cash	101,266	-7,082	2,743	258	17,978	-31,793	60,305	-99,015	100	-119	0	-143,951	135,217	8,884	76

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CLASSIC CREATIVE HOME IMPROVEMENTS LIMITED group structure

Classic Creative Home Improvements Limited has no subsidiary companies.

Ultimate parent company

CLASSIC CREATIVE HOME IMPROVEMENTS LIMITED

03177983

CLASSIC CREATIVE HOME IMPROVEMENTS LIMITED Shareholders

mr timothy sean sparks

100%

Classic Creative Home Improvements Limited currently has 1 director, Mr Timothy Sparks serving since Dec 1996.

officer	country	age	start	end	role
Mr Timothy Sparks		60 years	Dec 1996	-	Director

P&L

August 2023

turnover

298.4k

-7%

operating profit

258.4k

gross margin

31.1%

+0.69%

turnover

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

Balance Sheet

August 2023

net assets

97.8k

+0.24%

total assets

246.2k

-0.33%

cash

55.5k

net assets

Total assets minus all liabilities

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company number

03177983

Type

Private limited with Share Capital

industry

43342 - Glazing

incorporation date

March 1996

ultimate parent company

None

previous names

classic window & conservatory co (hitchin) ltd. (October 2012)

boxtreat limited (January 1997)

address

suite 501 the nexus building, broadway, letchworth garden city, herts, SG6 9BL

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 2 charges/mortgages relating to classic creative home improvements limited. Currently there are 2 open charges and 0 have been satisfied in the past.

classic creative home improvements limited Company Information

classic creative home improvements limited Estimated Valuation

classic creative home improvements limited Estimated Valuation

classic creative home improvements limited Estimated Valuation

Classic Creative Home Improvements Limited Overview

Classic Creative Home Improvements Limited Health Check

CLASSIC CREATIVE HOME IMPROVEMENTS LIMITED financials

classic creative home improvements limited Credit Report and Business Information

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classic creative home improvements limited Ownership

classic creative home improvements limited directors

classic creative home improvements limited company details

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