anco storage equipment limited
anco storage equipment limited Company Information
Company Number
03344169
Next Accounts
Dec 2024
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Shareholders
industrial workspace specialists (iws group) ltd
Group Structure
View All
Contact
Registered Address
c/o roxburgh milkins limited, merchants house north, bristol, BS1 4RW
Website
www.ancostorage.co.ukanco storage equipment limited Estimated Valuation
Pomanda estimates the enterprise value of ANCO STORAGE EQUIPMENT LIMITED at £3.3m based on a Turnover of £4.9m and 0.67x industry multiple (adjusted for size and gross margin).
anco storage equipment limited Estimated Valuation
Pomanda estimates the enterprise value of ANCO STORAGE EQUIPMENT LIMITED at £8m based on an EBITDA of £1.2m and a 6.75x industry multiple (adjusted for size and gross margin).
anco storage equipment limited Estimated Valuation
Pomanda estimates the enterprise value of ANCO STORAGE EQUIPMENT LIMITED at £6.1m based on Net Assets of £2.9m and 2.12x industry multiple (adjusted for liquidity).
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Anco Storage Equipment Limited Overview
Anco Storage Equipment Limited is a live company located in bristol, BS1 4RW with a Companies House number of 03344169. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in April 1997, it's largest shareholder is industrial workspace specialists (iws group) ltd with a 100% stake. Anco Storage Equipment Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.9m with high growth in recent years.
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Anco Storage Equipment Limited Health Check
Pomanda's financial health check has awarded Anco Storage Equipment Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £4.9m, make it in line with the average company (£5.8m)
£4.9m - Anco Storage Equipment Limited
£5.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (6.2%)
19% - Anco Storage Equipment Limited
6.2% - Industry AVG
Production
with a gross margin of 47.7%, this company has a lower cost of product (24.3%)
47.7% - Anco Storage Equipment Limited
24.3% - Industry AVG
Profitability
an operating margin of 23.6% make it more profitable than the average company (5.8%)
23.6% - Anco Storage Equipment Limited
5.8% - Industry AVG
Employees
with 15 employees, this is below the industry average (28)
15 - Anco Storage Equipment Limited
28 - Industry AVG
Pay Structure
on an average salary of £44.6k, the company has an equivalent pay structure (£44.6k)
- Anco Storage Equipment Limited
£44.6k - Industry AVG
Efficiency
resulting in sales per employee of £329.4k, this is more efficient (£185.2k)
£329.4k - Anco Storage Equipment Limited
£185.2k - Industry AVG
Debtor Days
it gets paid by customers after 44 days, this is earlier than average (57 days)
44 days - Anco Storage Equipment Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is close to average (39 days)
40 days - Anco Storage Equipment Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 155 days, this is more than average (12 days)
155 days - Anco Storage Equipment Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (19 weeks)
40 weeks - Anco Storage Equipment Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.1%, this is a lower level of debt than the average (63.1%)
16.1% - Anco Storage Equipment Limited
63.1% - Industry AVG
ANCO STORAGE EQUIPMENT LIMITED financials
Anco Storage Equipment Limited's latest turnover from March 2023 is £4.9 million and the company has net assets of £2.9 million. According to their latest financial statements, Anco Storage Equipment Limited has 15 employees and maintains cash reserves of £419.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,940,778 | 4,289,233 | 2,629,338 | 2,905,213 | ||||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 2,585,565 | 2,650,700 | 1,708,676 | 2,080,998 | ||||||||||
| Gross Profit | 2,355,213 | 1,638,533 | 920,662 | 824,215 | ||||||||||
| Admin Expenses | 1,190,558 | 380,915 | 355,006 | 367,838 | ||||||||||
| Operating Profit | 1,164,655 | 1,257,618 | 565,656 | 456,377 | ||||||||||
| Interest Payable | 0 | 0 | 125 | 0 | ||||||||||
| Interest Receivable | 387 | 305 | 374 | 777 | ||||||||||
| Pre-Tax Profit | 1,165,042 | 1,257,923 | 565,905 | 457,154 | ||||||||||
| Tax | -56,399 | -236,323 | -106,693 | -88,726 | ||||||||||
| Profit After Tax | 1,108,643 | 1,021,600 | 459,212 | 368,428 | ||||||||||
| Dividends Paid | 557,138 | 607,530 | 183,322 | 815,779 | ||||||||||
| Retained Profit | 551,505 | 414,070 | 275,890 | -447,351 | ||||||||||
| Employee Costs | 424,359 | 530,581 | ||||||||||||
| Number Of Employees | 15 | 16 | 17 | 20 | 22 | 21 | 22 | 25 | ||||||
| EBITDA* | 1,186,548 | 1,282,686 | 593,591 | 480,615 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 104,553 | 650,566 | 652,175 | 640,933 | 651,618 | 644,676 | 636,595 | 643,332 | 665,666 | 662,106 | 611,619 | 62,340 | 78,210 | 78,219 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 89,463 | 89,463 | 101,463 | 0 | 0 |
| Total Fixed Assets | 104,553 | 650,566 | 652,175 | 640,933 | 651,618 | 644,676 | 636,595 | 643,332 | 665,666 | 751,569 | 701,082 | 163,803 | 78,210 | 78,219 |
| Stock & work in progress | 1,104,431 | 1,034,624 | 657,082 | 647,235 | 696,182 | 760,229 | 701,213 | 594,770 | 665,596 | 721,737 | 798,954 | 749,824 | 592,534 | 551,845 |
| Trade Debtors | 599,335 | 627,294 | 494,746 | 338,159 | 0 | 395,590 | 401,526 | 487,333 | 434,636 | 651,769 | 524,068 | 629,275 | 504,297 | 462,675 |
| Group Debtors | 987,171 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 251,836 | 14,939 | 17,866 | 21,139 | 485,972 | 0 | 0 | 0 | 0 | 0 | 357,850 | 405,850 | 453,850 | 477,850 |
| Cash | 419,568 | 739,057 | 460,248 | 423,860 | 665,050 | 586,874 | 726,891 | 406,415 | 1,399,040 | 1,116,343 | 725,406 | 932,739 | 657,667 | 562,136 |
| misc current assets | 0 | 0 | 0 | 0 | 4,860 | 5,681 | 3,973 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,362,341 | 2,415,914 | 1,629,942 | 1,430,393 | 1,852,064 | 1,748,374 | 1,833,603 | 1,488,518 | 2,499,272 | 2,489,849 | 2,406,278 | 2,717,688 | 2,208,348 | 2,054,506 |
| total assets | 3,466,894 | 3,066,480 | 2,282,117 | 2,071,326 | 2,503,682 | 2,393,050 | 2,470,198 | 2,131,850 | 3,164,938 | 3,241,418 | 3,107,360 | 2,881,491 | 2,286,558 | 2,132,725 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 283,355 | 141,739 | 55,418 | 96,753 | 390,129 | 303,273 | 301,679 | 179,837 | 203,694 | 426,369 | 317,179 | 406,221 | 371,246 | 608,708 |
| Group/Directors Accounts | 2,893 | 0 | 126,505 | 126,506 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 108,911 | 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 |
| other current liabilities | 254,074 | 459,668 | 158,102 | 181,865 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 540,322 | 710,318 | 340,025 | 405,124 | 390,129 | 303,273 | 301,679 | 179,837 | 203,694 | 426,369 | 317,179 | 406,221 | 371,246 | 608,708 |
| loans | 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 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 18,905 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 18,905 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 559,227 | 710,318 | 340,025 | 405,124 | 390,129 | 303,273 | 301,679 | 179,837 | 203,694 | 426,369 | 317,179 | 406,221 | 371,246 | 608,708 |
| net assets | 2,907,667 | 2,356,162 | 1,942,092 | 1,666,202 | 2,113,553 | 2,089,777 | 2,168,519 | 1,952,013 | 2,961,244 | 2,815,049 | 2,790,181 | 2,475,270 | 1,915,312 | 1,524,017 |
| total shareholders funds | 2,907,667 | 2,356,162 | 1,942,092 | 1,666,202 | 2,113,553 | 2,089,777 | 2,168,519 | 1,952,013 | 2,961,244 | 2,815,049 | 2,790,181 | 2,475,270 | 1,915,312 | 1,524,017 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,164,655 | 1,257,618 | 565,656 | 456,377 | ||||||||||
| Depreciation | 21,893 | 25,068 | 27,935 | 24,238 | 26,876 | 23,619 | 22,561 | 24,039 | 30,385 | 28,020 | 14,277 | 16,175 | 20,450 | 20,664 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -56,399 | -236,323 | -106,693 | -88,726 | ||||||||||
| Stock | 69,807 | 377,542 | 9,847 | -48,947 | -64,047 | 59,016 | 106,443 | -70,826 | -56,141 | -77,217 | 49,130 | 157,290 | 40,689 | 551,845 |
| Debtors | 1,196,109 | 129,621 | 153,314 | -126,674 | 90,382 | -5,936 | -85,807 | 52,697 | -306,596 | -230,149 | -165,207 | 178,441 | 17,622 | 940,525 |
| Creditors | 141,616 | 86,321 | -41,335 | -293,376 | 86,856 | 1,594 | 121,842 | -23,857 | -222,675 | 109,190 | -89,042 | 34,975 | -237,462 | 608,708 |
| Accruals and Deferred Income | -205,594 | 301,566 | -23,763 | 181,865 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 18,905 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -180,840 | 927,087 | 258,639 | 455,999 | ||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,893 | -126,505 | -1 | 126,506 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | -108,911 | 108,911 | 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 | 0 | 0 |
| Hire Purchase and Lease Commitments | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 387 | 305 | 249 | 777 | ||||||||||
| cash flow from financing | -105,631 | -17,289 | 248 | 127,283 | ||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -319,489 | 278,809 | 36,388 | -241,190 | 78,176 | -140,017 | 320,476 | -992,625 | 282,697 | 390,937 | -207,333 | 275,072 | 95,531 | 562,136 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -319,489 | 278,809 | 36,388 | -241,190 | 78,176 | -140,017 | 320,476 | -992,625 | 282,697 | 390,937 | -207,333 | 275,072 | 95,531 | 562,136 |
anco storage equipment limited Credit Report and Business Information
Anco Storage Equipment Limited Competitor Analysis
Perform a competitor analysis for anco storage equipment limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in BS1 area or any other competitors across 12 key performance metrics.
anco storage equipment limited Ownership
ANCO STORAGE EQUIPMENT LIMITED group structure
Anco Storage Equipment Limited has no subsidiary companies.
Ultimate parent company
2 parents
ANCO STORAGE EQUIPMENT LIMITED
03344169
anco storage equipment limited directors
Anco Storage Equipment Limited currently has 3 directors. The longest serving directors include Mr Tim Lacey (Jun 2022) and Mr Neil Stephenson (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tim Lacey | United Kingdom | 47 years | Jun 2022 | - | Director |
| Mr Neil Stephenson | England | 64 years | Aug 2022 | - | Director |
| Mr Stewart Bourn | England | 61 years | Jan 2023 | - | Director |
P&L
March 2023turnover
4.9m
+15%
operating profit
1.2m
-7%
gross margin
47.7%
+24.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.9m
+0.23%
total assets
3.5m
+0.13%
cash
419.6k
-0.43%
net assets
Total assets minus all liabilities
anco storage equipment limited company details
company number
03344169
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
April 1997
age
27
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2023
previous names
N/A
accountant
MAZARS LLP
auditor
-
address
c/o roxburgh milkins limited, merchants house north, bristol, BS1 4RW
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
anco storage equipment 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 anco storage equipment limited. Currently there are 3 open charges and 0 have been satisfied in the past.
anco storage equipment limited Companies House Filings - See Documents
| date | description | view/download |
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