Artel Scaffolding Limited

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artel scaffolding limited Company Information

Live

MatureMidLow

Company Number

03222090

Next Accounts

Oct 2025

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Directors

Julie Morrissey

Brendan Morrissey

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Shareholders

brendan joseph morrissey

julie morrissey

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Group Structure

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Contact

Registered Address

fiboard house, 5 oakleigh gardens, whetstone, london, N20 9AB

Website

www.artelscaffolding.com

artel scaffolding limited Estimated Valuation

£6m

Pomanda estimates the enterprise value of ARTEL SCAFFOLDING LIMITED at £6m based on Net Assets of £2.7m and 2.27x industry multiple (adjusted for liquidity).

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Artel Scaffolding Limited is a live company located in whetstone, N20 9AB with a Companies House number of 03222090. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in July 1996, it's largest shareholder is brendan joseph morrissey with a 45% stake. Artel Scaffolding Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.4m with low growth in recent years.

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Pomanda's financial health check has awarded Artel Scaffolding Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £5.4m, make it in line with the average company (£6.7m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (10.1%)

EXPORT

Artel Scaffolding Limited's latest turnover from January 2024 is estimated at £5.4 million and the company has net assets of £2.7 million. According to their latest financial statements, Artel Scaffolding Limited has 70 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	5,446,959	6,306,674	4,981,030	4,952,104	5,006,139	5,563,034	6,129,057	5,119,231	5,103,790	11,847,467	14,287,800	13,758,846	14,696,499	8,672,841	6,981,882	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,076,456	4,717,582	3,765,310	3,770,605	3,769,939	4,143,757	4,532,665	3,764,180	3,791,853	8,924,201	10,752,536	10,150,983	10,673,884	6,231,657	4,887,922	0
Gross Profit	1,370,503	1,589,092	1,215,721	1,181,498	1,236,200	1,419,277	1,596,391	1,355,051	1,311,937	2,923,266	3,535,265	3,607,863	4,022,616	2,441,184	2,093,960	0
Admin Expenses	1,436,508	1,274,170	1,209,089	1,040,780	292,339	944,019	1,269,175	1,335,394	1,226,780	2,969,649	3,215,031	3,594,624	4,016,246	2,198,319	1,847,674	-157,632
Operating Profit	-66,005	314,922	6,632	140,718	943,861	475,258	327,216	19,657	85,157	-46,383	320,234	13,239	6,370	242,865	246,286	157,632
Interest Payable	0	0	0	0	0	0	0	2,160	2,246	0	0	0	273	273	0	0
Interest Receivable	91,727	54,710	4,273	1,975	13,971	11,209	5,481	1,724	2,769	2,529	1,257	945	624	191	6	6
Pre-Tax Profit	25,721	369,632	10,905	142,693	957,832	486,467	332,696	19,221	85,679	-43,854	321,491	14,184	6,721	242,784	246,292	157,638
Tax	-6,430	-70,230	-2,072	-27,112	-181,988	-92,429	-63,212	-3,844	-17,136	0	-67,513	-3,262	-1,613	-63,124	-68,962	-44,138
Profit After Tax	19,291	299,402	8,833	115,581	775,844	394,038	269,484	15,377	68,543	-43,854	253,978	10,922	5,108	179,660	177,330	113,499
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	19,291	299,402	8,833	115,581	775,844	394,038	269,484	15,377	68,543	-43,854	253,978	10,922	5,108	179,660	177,330	113,499
Employee Costs	3,347,631	3,676,622	2,661,591	3,101,695	3,244,897	3,278,000	3,058,385	3,251,157	1,210,859	2,653,462	3,270,595	3,248,828	3,587,893	2,377,551	1,852,021	0
Number Of Employees	70	81	62	74	76	78	75	80	31	68	87	88	98	66	53	0
EBITDA*	-63,288	707,692	349,447	431,943	1,313,534	904,907	772,525	546,859	284,137	311,192	578,632	285,424	324,001	549,027	513,889	284,433

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	741,917	1,178,313	1,028,447	873,672	1,107,954	1,283,739	1,329,496	1,580,105	1,390,999	1,072,116	776,174	818,960	955,784	918,488	802,812	380,398
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	741,917	1,178,313	1,028,447	873,672	1,107,954	1,283,739	1,329,496	1,580,105	1,390,999	1,072,116	776,174	818,960	955,784	918,488	802,812	380,398
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	308,459	360,644	530,474	387,932	640,068	795,718	834,393	461,197	433,352	1,473,035	2,149,746	2,020,443	2,121,408	1,234,749	875,269	360,574
Group Debtors	1,314,448	736,853	947,935	791,500	85,000	93,736	124,136	0	0	0	0	0	0	0	0	0
Misc Debtors	948,646	1,096,698	1,173,997	967,711	929,699	471,321	987,886	966,440	1,030,486	0	0	0	0	0	0	0
Cash	1,780,109	1,714,243	1,412,040	2,006,037	1,943,201	1,782,420	1,206,684	985,610	393,420	713,986	297,720	205,262	172,907	76,578	0	2,324
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,351,662	3,908,438	4,064,446	4,153,180	3,597,968	3,143,195	3,153,099	2,413,247	1,857,258	2,187,021	2,447,466	2,225,705	2,294,315	1,311,327	875,269	362,898
total assets	5,093,579	5,086,751	5,092,893	5,026,852	4,705,922	4,426,934	4,482,595	3,993,352	3,248,257	3,259,137	3,223,640	3,044,665	3,250,099	2,229,815	1,678,081	743,296
Bank overdraft	0	0	0	0	0	0	0	0	69,120	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	541,821	766,251	479,819	495,676	118,978	170,185	403,947	257,131	1,184,221	2,364,209	2,438,824	2,501,329	2,726,028	1,685,425	1,372,062	627,765
Group/Directors Accounts	0	0	417,000	0	0	46,309	129,987	154,895	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	0
hp & lease commitments	141,479	160,971	206,489	114,768	166,300	206,939	240,163	226,756	62,252	0	0	0	0	0	0	0
other current liabilities	1,443,471	1,069,873	1,136,985	1,922,600	1,907,072	2,217,340	2,342,518	1,968,221	993,281	0	0	0	0	0	0	0
total current liabilities	2,126,771	1,997,095	2,240,293	2,533,044	2,192,350	2,640,773	3,116,615	2,607,003	2,308,874	2,364,209	2,438,824	2,501,329	2,726,028	1,685,425	1,372,062	627,765
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	8,404	0	0
hp & lease commitments	161,512	253,748	410,908	127,998	234,533	282,966	268,361	550,738	78,189	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	0
other liabilities	0	0	0	0	0	0	0	0	0	129,167	44,219	56,717	48,374	65,397	15,090	1,932
provisions	142,060	192,063	97,249	30,200	59,010	59,010	47,472	54,948	95,908	69,018	0	0	0	0	0	0
total long term liabilities	303,572	445,811	508,157	158,198	293,543	341,976	315,833	605,686	174,097	198,185	44,219	56,717	48,374	73,801	15,090	1,932
total liabilities	2,430,343	2,442,906	2,748,450	2,691,242	2,485,893	2,982,749	3,432,448	3,212,689	2,482,971	2,562,394	2,483,043	2,558,046	2,774,402	1,759,226	1,387,152	629,697
net assets	2,663,236	2,643,845	2,344,443	2,335,610	2,220,029	1,444,185	1,050,147	780,663	765,286	696,743	740,597	486,619	475,697	470,589	290,929	113,599
total shareholders funds	2,663,236	2,643,845	2,344,443	2,335,610	2,220,029	1,444,185	1,050,147	780,663	765,286	696,743	740,597	486,619	475,697	470,589	290,929	113,599

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-66,005	314,922	6,632	140,718	943,861	475,258	327,216	19,657	85,157	-46,383	320,234	13,239	6,370	242,865	246,286	157,632
Depreciation	2,717	392,770	342,815	291,225	369,673	429,649	445,309	527,202	198,980	357,575	258,398	272,185	317,631	306,162	267,603	126,801
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-6,430	-70,230	-2,072	-27,112	-181,988	-92,429	-63,212	-3,844	-17,136	0	-67,513	-3,262	-1,613	-63,124	-68,962	-44,138
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	377,358	-458,211	505,263	492,376	293,992	-585,640	518,778	-36,201	-9,197	-676,711	129,303	-100,965	886,659	359,480	514,695	360,574
Creditors	-224,430	286,432	-15,857	376,698	-51,207	-233,762	146,816	-927,090	-1,179,988	-74,615	-62,505	-224,699	1,040,603	313,363	744,297	627,765
Accruals and Deferred Income	373,598	-67,112	-785,615	15,528	-310,268	-125,178	374,297	974,940	993,281	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-50,003	94,814	67,049	-28,810	0	11,538	-7,476	-40,960	26,890	69,018	0	0	0	0	0	0
Cash flow from operations	-347,911	1,409,807	-892,311	275,871	476,079	1,050,716	704,172	586,106	116,381	982,306	319,311	158,428	476,332	439,786	674,529	507,486
Investing Activities
capital expenditure	433,679	-542,636	-497,590	-56,943	-193,888	-383,892	-194,700	-716,308	-517,863	-653,517	-215,612	-135,361	-354,927	-421,838	-690,017	-507,199
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	433,679	-542,636	-497,590	-56,943	-193,888	-383,892	-194,700	-716,308	-517,863	-653,517	-215,612	-135,361	-354,927	-421,838	-690,017	-507,199
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-417,000	417,000	0	-46,309	-83,678	-24,908	154,895	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	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	-8,404	8,404	0	0
Hire Purchase and Lease Commitments	-111,728	-202,678	374,631	-158,067	-89,072	-18,619	-268,970	637,053	140,441	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-129,167	84,948	-12,498	8,343	-17,023	50,307	13,158	1,932
share issue	100	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	91,727	54,710	4,273	1,975	13,971	11,209	5,481	-436	523	2,529	1,257	945	351	-82	6	6
cash flow from financing	-19,901	-564,968	795,904	-156,092	-121,410	-91,088	-288,397	791,512	11,797	87,477	-11,241	9,288	-25,076	58,629	13,164	2,038
cash and cash equivalents
cash	65,866	302,203	-593,997	62,836	160,781	575,736	221,074	592,190	-320,566	416,266	92,458	32,355	96,329	76,578	-2,324	2,324
overdraft	0	0	0	0	0	0	0	-69,120	69,120	0	0	0	0	0	0	0
change in cash	65,866	302,203	-593,997	62,836	160,781	575,736	221,074	661,310	-389,686	416,266	92,458	32,355	96,329	76,578	-2,324	2,324

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ARTEL SCAFFOLDING LIMITED group structure

Artel Scaffolding Limited has no subsidiary companies.

Ultimate parent company

ARTEL SCAFFOLDING LIMITED

03222090

ARTEL SCAFFOLDING LIMITED Shareholders

brendan joseph morrissey	45%
julie morrissey	45%
carl sharley	7.5%
brendan & julie morrissey	2.5%

Artel Scaffolding Limited currently has 3 directors. The longest serving directors include Mrs Julie Morrissey (Jul 2008) and Mr Brendan Morrissey (Feb 2011).

officer	country	age	start	end	role
Mrs Julie Morrissey		59 years	Jul 2008	-	Director
Mr Brendan Morrissey		58 years	Feb 2011	-	Director
Mr Michael Bradbury	United Kingdom	72 years	Aug 2013	-	Director

P&L

January 2024

turnover

5.4m

-14%

operating profit

-66k

gross margin

25.2%

-0.14%

turnover

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

Balance Sheet

January 2024

net assets

2.7m

+0.01%

total assets

5.1m

cash

1.8m

+0.04%

net assets

Total assets minus all liabilities

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company number

03222090

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

July 1996

ultimate parent company

None

previous names

pink scaffolding limited (March 2004)

morricom double total cable technology limited (September 2002)

address

fiboard house, 5 oakleigh gardens, whetstone, london, N20 9AB

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 artel scaffolding limited. Currently there are 2 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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artel scaffolding limited Company Information

artel scaffolding limited Estimated Valuation

artel scaffolding limited Estimated Valuation

artel scaffolding limited Estimated Valuation

Artel Scaffolding Limited Overview

Artel Scaffolding Limited Health Check

ARTEL SCAFFOLDING LIMITED financials

artel scaffolding limited Credit Report and Business Information

Artel Scaffolding Limited Competitor Analysis

artel scaffolding limited Ownership

artel scaffolding limited directors

artel scaffolding limited company details

artel scaffolding limited Charges & Mortgages

artel scaffolding limited Capital Raised & Share Issues BETA

artel scaffolding limited Companies House Filings - See Documents