eastern attachments limited

eastern attachments limited Company Information

Share EASTERN ATTACHMENTS LIMITED
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MatureMidLow

Company Number

03200715

Industry

Manufacture of lifting and handling equipment

 

Manufacture of other fabricated metal products n.e.c.

 
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Shareholders

simon paul leslie

ashley leslie

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Group Structure

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Contact

Registered Address

eastern house, maurice gaymer road, attleborough, norfolk, NR17 2QZ

eastern attachments limited Estimated Valuation

£5.9m

Pomanda estimates the enterprise value of EASTERN ATTACHMENTS LIMITED at £5.9m based on a Turnover of £9.4m and 0.63x industry multiple (adjusted for size and gross margin).

eastern attachments limited Estimated Valuation

£7.2m

Pomanda estimates the enterprise value of EASTERN ATTACHMENTS LIMITED at £7.2m based on an EBITDA of £1.4m and a 5.08x industry multiple (adjusted for size and gross margin).

eastern attachments limited Estimated Valuation

£20.1m

Pomanda estimates the enterprise value of EASTERN ATTACHMENTS LIMITED at £20.1m based on Net Assets of £9.3m and 2.17x industry multiple (adjusted for liquidity).

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Eastern Attachments Limited Overview

Eastern Attachments Limited is a live company located in attleborough, NR17 2QZ with a Companies House number of 03200715. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in May 1996, it's largest shareholder is simon paul leslie with a 12.5% stake. Eastern Attachments Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.4m with low growth in recent years.

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Eastern Attachments Limited Health Check

Pomanda's financial health check has awarded Eastern Attachments Limited a 5 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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £9.4m, make it smaller than the average company (£14.8m)

£9.4m - Eastern Attachments Limited

£14.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (9.7%)

1% - Eastern Attachments Limited

9.7% - Industry AVG

production

Production

with a gross margin of 33.3%, this company has a comparable cost of product (30.3%)

33.3% - Eastern Attachments Limited

30.3% - Industry AVG

profitability

Profitability

an operating margin of 14.9% make it more profitable than the average company (6.6%)

14.9% - Eastern Attachments Limited

6.6% - Industry AVG

employees

Employees

with 54 employees, this is below the industry average (69)

54 - Eastern Attachments Limited

69 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.4k, the company has a lower pay structure (£48.2k)

£31.4k - Eastern Attachments Limited

£48.2k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £173.2k, this is less efficient (£219.8k)

£173.2k - Eastern Attachments Limited

£219.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 38 days, this is earlier than average (59 days)

38 days - Eastern Attachments Limited

59 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 42 days, this is close to average (42 days)

42 days - Eastern Attachments Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 124 days, this is more than average (72 days)

124 days - Eastern Attachments Limited

72 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 80 weeks, this is more cash available to meet short term requirements (15 weeks)

80 weeks - Eastern Attachments Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 23.8%, this is a lower level of debt than the average (49.8%)

23.8% - Eastern Attachments Limited

49.8% - Industry AVG

EASTERN ATTACHMENTS LIMITED financials

EXPORTms excel logo

Eastern Attachments Limited's latest turnover from March 2024 is £9.4 million and the company has net assets of £9.3 million. According to their latest financial statements, Eastern Attachments Limited has 54 employees and maintains cash reserves of £3.9 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover9,352,82312,468,20412,928,4939,087,1718,833,0547,340,4477,620,2947,086,7906,079,0959,729,6816,956,9096,335,8565,585,2505,083,4454,068,329
Other Income Or Grants000000000000000
Cost Of Sales6,236,3038,882,8999,286,4595,564,8856,044,4085,148,8905,325,4584,915,0224,188,2676,776,9734,808,8214,369,8103,841,8093,494,3912,773,990
Gross Profit3,116,5203,585,3053,642,0343,522,2862,788,6462,191,5562,294,8352,171,7681,890,8282,952,7082,148,0881,966,0461,743,4411,589,0531,294,338
Admin Expenses1,721,5612,008,8641,910,8431,499,9631,964,1901,900,002639,417509,594732,5662,237,9051,356,9441,596,1891,599,4231,448,681351,821
Operating Profit1,394,9591,576,4411,731,1912,022,323824,456291,5541,655,4181,662,1741,158,262714,803791,144369,857144,018140,372942,517
Interest Payable12,29654,36063,79735,27940,47406,18412,25211,87111,24711,87312,25012,4736,1630
Interest Receivable77,9897,6454,5796309,44927,76615,0925,8784,7748081,0721,8171,384851592
Pre-Tax Profit1,460,6521,529,7261,671,9731,987,674793,431319,3201,664,3261,655,8001,151,165704,365780,343359,424132,930135,061943,110
Tax-299,278-169,795-567,597229,65559,715-60,671-316,222-331,160-230,233-147,917-179,479-86,262-34,562-37,817-264,071
Profit After Tax1,161,3741,359,9311,104,3762,217,329853,146258,6491,348,1041,324,640920,932556,448600,864273,16298,36897,244679,039
Dividends Paid688,000688,000688,000688,000860,0000000000000
Retained Profit473,374671,931416,3761,529,329-6,854258,6491,348,1041,324,640920,932556,448600,864273,16298,36897,244679,039
Employee Costs1,694,3681,727,4351,749,8171,529,8201,522,3291,922,3131,704,6851,414,2741,390,8452,260,2661,603,2441,423,2421,266,9641,198,239998,127
Number Of Employees546059524947433737604339363530
EBITDA*1,419,2362,020,0592,114,3132,432,4791,206,573541,2171,866,2111,736,3801,231,376787,377853,853438,240212,262217,4621,005,910

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets4,742,8745,113,4355,083,4452,579,4712,728,0041,990,7361,777,5431,153,9011,065,7501,086,6401,060,4761,109,8021,122,9201,186,471789,768
Intangible Assets109,438129,727150,017172,066201,33550,69251,59018,28413,628000000
Investments & Other000001000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets4,852,3125,243,1625,233,4622,751,5372,929,3392,041,4291,829,1331,172,1851,079,3781,086,6401,060,4761,109,8021,122,9201,186,471789,768
Stock & work in progress2,124,9341,507,4601,647,718889,232383,843217,520203,285161,736154,412142,720141,057140,279137,348130,294122,055
Trade Debtors991,6642,723,0642,740,9072,826,2471,849,7361,570,7002,162,5242,041,0141,713,1322,628,2661,916,7941,490,9771,250,6281,110,124708,490
Group Debtors00456,04200222,963000000000
Misc Debtors292,961381,240402,157677,3631,094,283901,625834,953129,43918,030000000
Cash3,906,4963,603,1723,871,4574,521,1063,349,2674,331,3653,072,8432,963,9871,738,593171,081152,038276,672450,064103,688236,894
misc current assets000000000000000
total current assets7,316,0558,214,9369,118,2818,913,9486,677,1297,244,1736,273,6055,296,1763,624,1672,942,0672,209,8891,907,9281,838,0401,344,1061,067,439
total assets12,168,36713,458,09814,351,74311,665,4859,606,4689,285,6028,102,7386,468,3614,703,5454,028,7073,270,3653,017,7302,960,9602,530,5771,857,207
Bank overdraft000000000000000
Bank loan01,255,392146,431000011,44711,070000000
Trade Creditors 719,305990,1071,642,1571,394,4661,045,0631,640,1291,084,3141,030,917660,1431,460,4341,190,3091,333,5111,491,1071,471,9721,134,432
Group/Directors Accounts00456,042000012,87334,971000000
other short term finances000000000000000
hp & lease commitments15,212180,306295,321328,787318,944154,456120,86400000000
other current liabilities1,788,8551,891,7211,852,6621,513,012992,941806,025484,220617,745521,909000000
total current liabilities2,523,3724,317,5264,392,6133,236,2652,356,9482,600,6101,689,3981,672,9821,228,0931,460,4341,190,3091,333,5111,491,1071,471,9721,134,432
loans001,243,8300000178,833190,725163,471182,575182,757194,156189,6200
hp & lease commitments014,956239,770445,688787,430404,496428,73800000000
Accruals and Deferred Income000000000000000
other liabilities0050,00000000038,515100,341298,586342,31140,0000
provisions373,840327,835299,680274,058281,945123,03685,79165,83958,66061,15248,45455,05458,72652,69343,727
total long term liabilities373,840342,7911,833,280719,7461,069,375527,532514,529244,672249,385263,138331,370536,397595,193282,31343,727
total liabilities2,897,2124,660,3176,225,8933,956,0113,426,3233,128,1422,203,9271,917,6541,477,4781,723,5721,521,6791,869,9082,086,3001,754,2851,178,159
net assets9,271,1558,797,7818,125,8507,709,4746,180,1456,157,4605,898,8114,550,7073,226,0672,305,1351,748,6861,147,822874,660776,292679,048
total shareholders funds9,271,1558,797,7818,125,8507,709,4746,180,1456,157,4605,898,8114,550,7073,226,0672,305,1351,748,6861,147,822874,660776,292679,048
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit1,394,9591,576,4411,731,1912,022,323824,456291,5541,655,4181,662,1741,158,262714,803791,144369,857144,018140,372942,517
Depreciation3,988423,328359,068380,887370,286238,395200,33372,33171,89272,57462,70968,38368,24477,09063,393
Amortisation20,28920,29024,05429,26911,83111,26810,4601,8751,222000000
Tax-299,278-169,795-567,597229,65559,715-60,671-316,222-331,160-230,233-147,917-179,479-86,262-34,562-37,817-264,071
Stock617,474-140,258758,486505,389166,32314,23541,5497,32411,6921,6637782,9317,0548,239122,055
Debtors-1,819,679-494,80295,496559,591248,731-302,189827,024439,291-897,104711,472425,817240,349140,504401,634708,490
Creditors-270,802-652,050247,691349,403-595,066555,81553,397370,774-800,291270,125-143,202-157,59619,135337,5401,134,432
Accruals and Deferred Income-102,86639,059339,650520,071186,916321,805-133,52595,836521,909000000
Deferred Taxes & Provisions46,00528,15525,622-7,887158,90937,24519,9527,179-2,49212,698-6,600-3,6726,0338,96643,727
Cash flow from operations1,994,5001,900,4881,305,6972,458,741601,9931,683,365621,2401,432,3941,605,681209,14897,977-52,57055,310116,2781,089,453
Investing Activities
capital expenditure00000-461,958-867,741-167,013-65,852-98,738-13,383-55,265-4,693-473,793-853,161
Change in Investments0000-11000000000
cash flow from investments00001-461,959-867,741-167,013-65,852-98,738-13,383-55,265-4,693-473,793-853,161
Financing Activities
Bank loans-1,255,3921,108,961146,431000-11,44737711,070000000
Group/Directors Accounts0-456,042456,042000-12,873-22,09834,971000000
Other Short Term Loans 000000000000000
Long term loans0-1,243,8301,243,830000-178,833-11,89227,254-19,104-182-11,3994,536189,6200
Hire Purchase and Lease Commitments-180,050-339,829-239,384-331,899547,4229,350549,60200000000
other long term liabilities0-50,00050,00000000-38,515-61,826-198,245-43,725302,31140,0000
share issue000029,5390000100009
interest65,693-46,715-59,218-34,649-31,02527,7668,908-6,374-7,097-10,439-10,801-10,433-11,089-5,312592
cash flow from financing-1,369,749-1,027,4551,597,701-366,548545,93637,116355,357-39,98727,683-91,368-209,228-65,557295,758224,308601
cash and cash equivalents
cash303,324-268,285-649,6491,171,839-982,0981,258,522108,8561,225,3941,567,51219,043-124,634-173,392346,376-133,206236,894
overdraft000000000000000
change in cash303,324-268,285-649,6491,171,839-982,0981,258,522108,8561,225,3941,567,51219,043-124,634-173,392346,376-133,206236,894

eastern attachments limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Eastern Attachments Limited Competitor Analysis

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Perform a competitor analysis for eastern attachments limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in NR17 area or any other competitors across 12 key performance metrics.

eastern attachments limited Ownership

EASTERN ATTACHMENTS LIMITED group structure

Eastern Attachments Limited has 2 subsidiary companies.

Ultimate parent company

EASTERN ATTACHMENTS LIMITED

03200715

2 subsidiaries

EASTERN ATTACHMENTS LIMITED Shareholders

simon paul leslie 12.5%
ashley leslie 12.5%
christopher leslie 12.5%
deborah leslie 12.5%
philip matthew leslie 12.5%
kirsty leslie 12.5%
daniel leslie 12.5%
lynnette leslie 12.5%

eastern attachments limited directors

Eastern Attachments Limited currently has 4 directors. The longest serving directors include Mr Philip Leslie (May 1996) and Mr Christopher Leslie (Jan 2019).

officercountryagestartendrole
Mr Philip LeslieEngland50 years May 1996- Director
Mr Christopher LeslieUnited Kingdom62 years Jan 2019- Director
Mr Daniel LeslieUnited Kingdom47 years Jan 2019- Director
Mr Simon LeslieUnited Kingdom49 years Jan 2019- Director

P&L

March 2024

turnover

9.4m

-25%

operating profit

1.4m

-12%

gross margin

33.4%

+15.88%

turnover

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

Balance Sheet

March 2024

net assets

9.3m

+0.05%

total assets

12.2m

-0.1%

cash

3.9m

+0.08%

net assets

Total assets minus all liabilities

eastern attachments limited company details

company number

03200715

Type

Private limited with Share Capital

industry

28220 - Manufacture of lifting and handling equipment

25990 - Manufacture of other fabricated metal products n.e.c.

46690 - Wholesale of other machinery and equipment

incorporation date

May 1996

age

29

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

eastern agricultural limited (July 2001)

accountant

-

auditor

MA PARTNERS AUDIT LLP

address

eastern house, maurice gaymer road, attleborough, norfolk, NR17 2QZ

Bank

-

Legal Advisor

-

eastern attachments 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 3 charges/mortgages relating to eastern attachments limited. Currently there are 2 open charges and 1 have been satisfied in the past.

eastern attachments 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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eastern attachments limited Companies House Filings - See Documents

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