Basic Thinking Limited

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basic thinking limited Company Information

Live

MatureMidDeclining

Company Number

03231869

Website

www.basicthinking.co.uk

Registered Address

basic thinking house, 106 grace road, leicester, LE2 8AZ

Industry

Manufacture of other wearing apparel and accessories

Telephone

01162838100

Next Accounts Due

12 days late

Group Structure

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Directors

Kieran Hickey28 Years

Shareholders

kieran gary hickey 47.4%

sherif moursi 47.4%

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basic thinking limited Estimated Valuation

£5m

Pomanda estimates the enterprise value of BASIC THINKING LIMITED at £5m based on Net Assets of £1.2m and 4.13x industry multiple (adjusted for liquidity).

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Basic Thinking Limited is a live company located in leicester, LE2 8AZ with a Companies House number of 03231869. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in July 1996, it's largest shareholder is kieran gary hickey with a 47.4% stake. Basic Thinking Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Basic Thinking Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £5.3m, make it smaller than the average company (£9.3m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (1.3%)

EXPORT

Basic Thinking Limited's latest turnover from December 2022 is estimated at £5.3 million and the company has net assets of £1.2 million. According to their latest financial statements, Basic Thinking Limited has 26 employees and maintains cash reserves of £43.5 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	5,314,833	4,194,655	5,727,997	6,446,469	8,575,738	12,765,645	16,400,328	17,966,943	24,072,184	21,221,342	20,842,170	10,647,453	14,241,684	13,037,518
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,429,062	2,810,889	3,916,928	4,413,429	6,374,498	9,262,689	12,423,354	13,704,326	18,608,654	15,907,723	15,832,019	8,026,960	10,400,848	9,638,471
Gross Profit	1,885,771	1,383,767	1,811,069	2,033,040	2,201,240	3,502,956	3,976,974	4,262,617	5,463,530	5,313,619	5,010,151	2,620,493	3,840,836	3,399,047
Admin Expenses	1,786,617	1,594,978	701,437	2,789,976	2,339,939	2,682,828	2,769,490	3,622,400	4,768,604	4,363,034	4,019,184	2,911,522	3,209,500	3,661,160
Operating Profit	99,154	-211,211	1,109,632	-756,936	-138,699	820,128	1,207,484	640,217	694,926	950,585	990,967	-291,029	631,336	-262,113
Interest Payable	24,049	8,203	169	48,357	72,890	75,924	104,699	117,272	156,193	124,165	145,692	121,386	146,015	118,713
Interest Receivable	1,842	135	37	311	22,136	24,000	24,000	24,618	14,802	0	0	80	112	2,186
Pre-Tax Profit	76,947	-219,279	1,109,500	-804,983	-189,453	768,204	1,126,785	547,563	553,535	-2,102,419	845,275	-412,335	485,433	-379,065
Tax	-14,620	0	-210,805	0	42,345	-129,855	-228,803	-140,025	-109,723	-66,514	-201,488	92,463	-142,463	83,544
Profit After Tax	62,327	-219,279	898,695	-804,983	-147,108	638,349	897,982	407,538	443,812	-2,168,933	643,787	-319,872	342,970	-295,521
Dividends Paid	0	0	0	0	461,059	491,100	491,110	415,425	54,110	600,000	0	0	230,000	0
Retained Profit	62,327	-219,279	898,695	-804,983	-608,167	147,249	406,872	-7,887	389,702	-2,768,933	643,787	-319,872	112,970	-295,521
Employee Costs	892,385	957,993	574,031	659,943	1,137,369	1,328,717	1,405,211	1,904,419	2,594,247	2,185,169	1,816,732	1,698,840	1,730,032	1,918,583
Number Of Employees	26	30	18	21	31	35	35	49	64	51	46	41	41	29
EBITDA*	252,313	-52,035	1,217,203	-661,041	-41,860	932,701	1,344,841	806,790	889,539	1,140,066	1,126,002	-186,210	693,152	-174,273

* 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	695,331	697,228	813,544	118,738	217,832	263,331	242,998	265,164	404,827	540,994	506,999	317,448	279,802	83,881
Intangible Assets	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	1,241,416	3,546,717	4,133,815	4,435,847	4,405,847
Debtors (Due After 1 year)	777,908	777,908	1,017,908	1,028,973	1,029,026	1,431,715	1,312,516	1,378,092	1,435,938	83,496	155,094	102,865	52,169	50,000
Total Fixed Assets	1,473,239	1,475,136	1,831,452	1,147,711	1,246,858	1,695,046	1,555,514	1,643,256	1,840,765	1,865,906	4,208,810	4,554,128	4,767,818	4,539,728
Stock & work in progress	808,737	499,129	460,753	384,050	312,422	317,322	806,563	745,950	1,216,529	1,305,525	787,357	454,210	289,613	94,913
Trade Debtors	1,078,135	692,652	1,167,954	1,582,079	1,686,253	2,886,620	4,184,546	3,910,857	5,245,471	4,604,885	4,412,522	2,388,373	2,215,447	1,613,586
Group Debtors	166,719	304,413	83,894	17,589	0	0	0	0	0	580,825	59,900	0	0	0
Misc Debtors	735,888	631,808	91,209	73,625	364,416	1,335,668	957,837	1,157,105	1,305,525	575,417	1,129,026	570,778	333,343	182,852
Cash	43,478	61,760	46,467	27,303	55,526	17,275	71,523	185,126	80,700	93,768	77,615	127,337	2,785	153,430
misc current assets	0	0	0	0	118,913	0	0	0	0	0	0	0	0	0
total current assets	2,832,957	2,189,762	1,850,277	2,084,646	2,537,530	4,556,885	6,020,469	5,999,038	7,848,225	7,160,420	6,466,420	3,540,698	2,841,188	2,044,781
total assets	4,306,196	3,664,898	3,681,729	3,232,357	3,784,388	6,251,931	7,575,983	7,642,294	9,688,990	9,026,326	10,675,230	8,094,826	7,609,006	6,584,509
Bank overdraft	47,485	32,698	0	5,529	1,427,284	2,447,865	3,066,127	3,245,775	4,003,114	3,885,623	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	5,097	2,254,965	1,800,282	1,619,223	1,537,671
Trade Creditors	610,461	468,604	736,383	500,719	509,087	824,052	1,696,926	2,187,872	3,335,943	3,562,148	3,555,392	2,168,944	1,693,663	1,458,458
Group/Directors Accounts	70,000	90,000	111,049	236,771	0	0	0	0	0	28,981	0	28,977	0	107,383
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	80,086	100,584	50,801	57,672	68,704	55,283	54,526	42,872	51,011	74,256	67,299	56,908	64,013	28,985
other current liabilities	1,609,653	1,182,244	1,269,521	1,889,208	373,078	865,702	831,955	677,647	726,823	158,341	748,918	663,043	653,633	115,264
total current liabilities	2,417,685	1,874,130	2,167,754	2,689,899	2,378,153	4,192,902	5,649,534	6,154,166	8,116,891	7,714,446	6,626,574	4,718,154	4,030,532	3,247,761
loans	196,314	229,802	0	0	0	0	0	4,675	44,173	60,310	98,741	136,995	0	0
hp & lease commitments	359,393	304,694	18,178	69,035	127,829	172,456	187,125	151,001	185,333	300,933	230,345	163,894	182,819	54,063
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	2,254	0	0	0	0	0
provisions	117,638	103,433	123,679	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	673,345	637,929	141,857	69,035	127,829	172,456	187,125	155,676	231,760	361,243	329,086	300,889	182,819	54,063
total liabilities	3,091,030	2,512,059	2,309,611	2,758,934	2,505,982	4,365,358	5,836,659	6,309,842	8,348,651	8,075,689	6,955,660	5,019,043	4,213,351	3,301,824
net assets	1,215,166	1,152,839	1,372,118	473,423	1,278,406	1,886,573	1,739,324	1,332,452	1,340,339	950,637	3,719,570	3,075,783	3,395,655	3,282,685
total shareholders funds	1,215,166	1,152,839	1,372,118	473,423	1,278,406	1,886,573	1,739,324	1,332,452	1,340,339	950,637	3,719,570	3,075,783	3,395,655	3,282,685

	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	99,154	-211,211	1,109,632	-756,936	-138,699	820,128	1,207,484	640,217	694,926	950,585	990,967	-291,029	631,336	-262,113
Depreciation	153,159	159,176	107,571	95,895	96,839	112,573	137,357	166,573	194,613	189,481	135,035	104,819	61,816	87,840
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-14,620	0	-210,805	0	42,345	-129,855	-228,803	-140,025	-109,723	-66,514	-201,488	92,463	-142,463	83,544
Stock	309,608	38,376	76,703	71,628	-4,900	-489,241	60,613	-470,579	-88,996	518,168	333,147	164,597	194,700	94,913
Debtors	351,869	45,816	-341,301	-377,429	-2,574,308	-800,896	8,845	-1,540,880	2,142,311	88,081	2,694,526	461,057	754,521	1,846,438
Creditors	141,857	-267,779	235,664	-8,368	-314,965	-872,874	-490,946	-1,148,071	-226,205	6,756	1,386,448	475,281	235,205	1,458,458
Accruals and Deferred Income	427,409	-87,277	-619,687	1,516,130	-492,624	33,747	154,308	-49,176	568,482	-590,577	85,875	9,410	538,369	115,264
Deferred Taxes & Provisions	14,205	-20,246	123,679	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	159,687	-511,529	1,010,652	1,152,522	1,772,104	1,253,856	709,942	1,480,977	-931,222	-116,518	-630,836	-234,710	375,042	-458,358
Investing Activities
capital expenditure	-151,262	-42,860	-802,377	3,199	60,804	-320	42,583	-26,910	-17,934	2,483,047	488,930	237,413	-78,255	19,320
Change in Investments	0	0	0	0	0	0	0	0	-1,241,416	-2,305,301	-587,098	-302,032	30,000	4,405,847
cash flow from investments	-151,262	-42,860	-802,377	3,199	60,804	-320	42,583	-26,910	1,223,482	4,788,348	1,076,028	539,445	-108,255	-4,386,527
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	-5,097	-2,249,868	454,683	181,059	81,552	1,537,671
Group/Directors Accounts	-20,000	-21,049	-125,722	236,771	0	0	0	0	-28,981	28,981	-28,977	28,977	-107,383	107,383
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-33,488	229,802	0	0	0	0	-4,675	-39,498	-16,137	-38,431	-38,254	136,995	0	0
Hire Purchase and Lease Commitments	34,201	336,299	-57,728	-69,826	-31,206	-13,912	47,778	-42,471	-138,845	77,545	76,842	-26,030	163,784	83,048
other long term liabilities	0	0	0	0	0	0	0	-2,254	2,254	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	3,578,206
interest	-22,207	-8,068	-132	-48,046	-50,754	-51,924	-80,699	-92,654	-141,391	-124,165	-145,692	-121,306	-145,903	-116,527
cash flow from financing	-41,494	536,984	-183,582	118,899	-81,960	-65,836	-37,596	-176,877	-328,197	-2,305,938	318,602	199,695	-7,950	5,189,781
cash and cash equivalents
cash	-18,282	15,293	19,164	-28,223	38,251	-54,248	-113,603	104,426	-13,068	16,153	-49,722	124,552	-150,645	153,430
overdraft	14,787	32,698	-5,529	-1,421,755	-1,020,581	-618,262	-179,648	-757,339	117,491	3,885,623	0	0	0	0
change in cash	-33,069	-17,405	24,693	1,393,532	1,058,832	564,014	66,045	861,765	-130,559	-3,869,470	-49,722	124,552	-150,645	153,430

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BASIC THINKING LIMITED group structure

Basic Thinking Limited has no subsidiary companies.

Ultimate parent company

BASIC THINKING LIMITED

03231869

BASIC THINKING LIMITED Shareholders

kieran gary hickey	47.37%
sherif moursi	47.37%
miss amanda openshaw	5.26%

Basic Thinking Limited currently has 1 director, Mr Kieran Hickey serving since Jul 1996.

officer	country	age	start	end	role
Mr Kieran Hickey	United Kingdom	60 years	Jul 1996	-	Director

P&L

December 2022

turnover

5.3m

+27%

operating profit

99.2k

gross margin

35.5%

+7.56%

turnover

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

Balance Sheet

December 2022

net assets

1.2m

+0.05%

total assets

4.3m

+0.17%

cash

43.5k

-0.3%

net assets

Total assets minus all liabilities

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company number

03231869

Type

Private limited with Share Capital

industry

14190 - Manufacture of other wearing apparel and accessories

incorporation date

July 1996

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2022

address

basic thinking house, 106 grace road, leicester, LE2 8AZ

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 19 charges/mortgages relating to basic thinking limited. Currently there are 5 open charges and 14 have been satisfied in the past.

basic thinking limited Company Information

basic thinking limited Estimated Valuation

basic thinking limited Estimated Valuation

basic thinking limited Estimated Valuation

Basic Thinking Limited Overview

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BASIC THINKING LIMITED financials

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basic thinking limited Ownership

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