Optima Design Services Limited

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optima design services limited Company Information

Company Number

03224819

Next Accounts

164 days late

Directors

Darren Forrest

Ian Cowlishaw

Shareholders

ian richard cowlishaw

darren lee forrest

Group Structure

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Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

Registered Address

unit 20 the courtyard, maisies way the village, south normanton, derbyshire, DE55 2DS

Website

www.optima-design.co.uk

optima design services limited Estimated Valuation

£494.1k

Pomanda estimates the enterprise value of OPTIMA DESIGN SERVICES LIMITED at £494.1k based on Net Assets of £209.6k and 2.36x industry multiple (adjusted for liquidity).

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Optima Design Services Limited is a live company located in south normanton, DE55 2DS with a Companies House number of 03224819. It operates in the other engineering activities sector, SIC Code 71129. Founded in July 1996, it's largest shareholder is ian richard cowlishaw with a 50% stake. Optima Design Services Limited is a mature, micro sized company, Pomanda has estimated its turnover at £434.4k with high growth in recent years.

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Pomanda's financial health check has awarded Optima Design Services Limited a 4 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

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £434.4k, make it smaller than the average company (£4.6m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (3.8%)

EXPORT

Optima Design Services Limited's latest turnover from December 2022 is estimated at £434.4 thousand and the company has net assets of £209.6 thousand. According to their latest financial statements, Optima Design Services Limited has 8 employees and maintains cash reserves of £36.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	434,435	269,353	349,037	242,861	239,778	437,649	256,541	778,157	599,839	457,949	720,472	605,924	1,388,059
Other Income Or Grants
Cost Of Sales	293,596	182,954	241,824	165,303	158,847	294,635	172,016	521,671	401,852	308,026	474,367	386,890	849,268
Gross Profit	140,839	86,399	107,213	77,558	80,930	143,014	84,525	256,486	197,987	149,923	246,105	219,033	538,791
Admin Expenses	21,659	52,491	103,019	77,002	86,935	117,051	90,944	271,247	243,476	143,251	216,666	211,017	486,511	-7,191
Operating Profit	119,180	33,908	4,194	556	-6,005	25,963	-6,419	-14,761	-45,489	6,672	29,439	8,016	52,280	7,191
Interest Payable	7,950	6,519	7,431	8,108	7,866	7,181	5,148	4,519	2,395
Interest Receivable	715	5		47	104	84	62	152	138	147	208	336	210
Pre-Tax Profit	111,944	27,395	-3,237	-7,505	-13,767	18,867	-11,504	-19,128	-47,746	6,818	29,647	8,351	52,490	7,192
Tax	-21,269	-5,205				-3,585				-1,568	-7,115	-2,171	-14,697	-2,014
Profit After Tax	90,675	22,190	-3,237	-7,505	-13,767	15,282	-11,504	-19,128	-47,746	5,250	22,532	6,180	37,793	5,178
Dividends Paid
Retained Profit	90,675	22,190	-3,237	-7,505	-13,767	15,282	-11,504	-19,128	-47,746	5,250	22,532	6,180	37,793	5,178
Employee Costs	453,965	269,838	251,995	256,175	257,455	292,210	246,203	245,037	249,124	190,546	319,030	265,237	583,343
Number Of Employees	8	5	5	5	5	6	5	5	5	4	7	6	14
EBITDA*	125,297	42,440	12,703	7,256	-1,226	31,083	-2,795	-9,119	-38,891	15,104	33,469	11,503	56,854	12,922

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	265,580	325,319	315,065	321,690	310,850	311,848	307,883	310,246	164,389	170,428	169,598	6,717	4,429	7,839
Intangible Assets
Investments & Other	2,144	1,603	988
Debtors (Due After 1 year)
Total Fixed Assets	267,724	326,922	316,053	321,690	310,850	311,848	307,883	310,246	164,389	170,428	169,598	6,717	4,429	7,839
Stock & work in progress	20,000			2,083	2,083	4,000
Trade Debtors	49,642	25,089	53,503	33,728	32,914	80,109	31,688	59,891	47,624	65,175	98,221	94,314	209,401	526,162
Group Debtors
Misc Debtors	94,860	80,127	57,977	51,545	37,256	36,611	25,999	19,593	19,593
Cash	36,459	4,377			12,579	15,095	18,421	31,533	29,345	25,704	32,949	50,413	83,874	195
misc current assets	1	1	1	1	1
total current assets	200,962	109,594	111,481	87,357	84,833	135,815	76,108	111,017	96,562	90,879	131,170	144,727	293,275	526,357
total assets	468,686	436,516	427,534	409,047	395,683	447,663	383,991	421,263	260,951	261,307	300,768	151,444	297,704	534,196
Bank overdraft	15,989	20,706	26,891	38,172	10,413	9,922	8,167
Bank loan
Trade Creditors	10,853	9,714	13,791	3,300	2,237	31,842	2,339	165,797	125,318	70,841	114,428	102,194	252,067	498,220
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	174,627	159,185	157,644	130,280	134,532	133,024	136,379
total current liabilities	201,469	189,605	198,326	171,752	147,182	174,788	146,885	165,797	125,318	70,841	114,428	102,194	252,067	498,220
loans	57,656	73,025	87,979	90,594	101,063	111,670	91,183	65,372	73,678
hp & lease commitments
Accruals and Deferred Income
other liabilities								32,667	32,667	113,432	109,445		2,567	30,699
provisions											5,111
total long term liabilities	57,656	73,025	87,979	90,594	101,063	111,670	91,183	98,039	106,345	113,432	114,556		2,567	30,699
total liabilities	259,125	262,630	286,305	262,346	248,245	286,458	238,068	263,836	231,663	184,273	228,984	102,194	254,634	528,919
net assets	209,561	173,886	141,229	146,701	147,438	161,205	145,923	157,427	29,288	77,034	71,784	49,250	43,070	5,277
total shareholders funds	209,561	173,886	141,229	146,701	147,438	161,205	145,923	157,427	29,288	77,034	71,784	49,250	43,070	5,277

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	119,180	33,908	4,194	556	-6,005	25,963	-6,419	-14,761	-45,489	6,672	29,439	8,016	52,280	7,191
Depreciation	6,117	8,532	8,509	6,700	4,779	5,120	3,624	5,642	6,598	8,432	4,030	3,487	4,574	5,731
Amortisation
Tax	-21,269	-5,205				-3,585				-1,568	-7,115	-2,171	-14,697	-2,014
Stock	20,000		-2,083		-1,917	4,000
Debtors	39,286	-6,264	26,207	15,103	-46,550	59,033	-21,797	12,267	2,042	-33,046	3,907	-115,087	-316,761	526,162
Creditors	1,139	-4,077	10,491	1,063	-29,605	29,503	-163,458	40,479	54,477	-43,587	12,234	-149,873	-246,153	498,220
Accruals and Deferred Income	15,442	1,541	27,364	-4,252	1,508	-3,355	136,379
Deferred Taxes & Provisions										-5,111	5,111
Cash flow from operations	61,323	40,963	26,434	-11,036	19,144	-9,387	-8,077	19,093	13,544	-2,116	39,792	-25,454	112,765	-17,034
Investing Activities
capital expenditure	53,622	-18,786	-1,884	-17,540	-3,781	-9,085	-1,261	-151,499	-559	-9,262	-166,911	-5,775	-1,164	-13,570
Change in Investments	541	615	988
cash flow from investments	53,081	-19,401	-2,872	-17,540	-3,781	-9,085	-1,261	-151,499	-559	-9,262	-166,911	-5,775	-1,164	-13,570
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	-15,369	-14,954	-2,615	-10,469	-10,607	20,487	25,811	-8,306	73,678
Hire Purchase and Lease Commitments
other long term liabilities							-32,667		-80,765	3,987	109,445	-2,567	-28,132	30,699
share issue	-55,000	10,467	-2,235	6,768				147,267			2			99
interest	-7,235	-6,514	-7,431	-8,061	-7,762	-7,097	-5,086	-4,367	-2,257	147	208	336	210
cash flow from financing	-77,604	-11,001	-12,281	-11,762	-18,369	13,390	-11,942	134,594	-9,344	4,134	109,655	-2,231	-27,922	30,798
cash and cash equivalents
cash	32,082	4,377		-12,579	-2,516	-3,326	-13,112	2,188	3,641	-7,245	-17,464	-33,461	83,679	195
overdraft	-4,717	-6,185	-11,281	27,759	491	1,755	8,167
change in cash	36,799	10,562	11,281	-40,338	-3,007	-5,081	-21,279	2,188	3,641	-7,245	-17,464	-33,461	83,679	195

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OPTIMA DESIGN SERVICES LIMITED group structure

Optima Design Services Limited has no subsidiary companies.

Ultimate parent company

OPTIMA DESIGN SERVICES LIMITED

03224819

OPTIMA DESIGN SERVICES LIMITED Shareholders

ian richard cowlishaw	50%
darren lee forrest	50%

Optima Design Services Limited currently has 2 directors. The longest serving directors include Mr Darren Forrest (Jul 1996) and Mr Ian Cowlishaw (Oct 1997).

officer	country	age	start	end	role
Mr Darren Forrest	United Kingdom	56 years	Jul 1996	-	Director
Mr Ian Cowlishaw		54 years	Oct 1997	-	Director

P&L

December 2022

turnover

434.4k

+61%

operating profit

119.2k

gross margin

32.5%

+1.07%

turnover

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

Balance Sheet

December 2022

net assets

209.6k

+0.21%

total assets

468.7k

+0.07%

cash

36.5k

+7.33%

net assets

Total assets minus all liabilities

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company number

03224819

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

July 1996

ultimate parent company

None

previous names

N/A

address

unit 20 the courtyard, maisies way the village, south normanton, derbyshire, DE55 2DS

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 optima design services limited. Currently there are 2 open charges and 1 have been satisfied in the past.

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optima design services limited Company Information

optima design services limited Estimated Valuation

optima design services limited Estimated Valuation

optima design services limited Estimated Valuation

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