able construction (northern) limited
able construction (northern) limited Company Information
Company Number
03393672
Next Accounts
Apr 2025
Industry
Other building completion and finishing
Shareholders
able holdings (northern) ltd
Group Structure
View All
Contact
Registered Address
park works, sunderland road, felling gateshead, tyne & wear, NE10 9LR
Website
www.able-construction.comable construction (northern) limited Estimated Valuation
Pomanda estimates the enterprise value of ABLE CONSTRUCTION (NORTHERN) LIMITED at £803.5k based on a Turnover of £2.1m and 0.38x industry multiple (adjusted for size and gross margin).
able construction (northern) limited Estimated Valuation
Pomanda estimates the enterprise value of ABLE CONSTRUCTION (NORTHERN) LIMITED at £132k based on an EBITDA of £32.8k and a 4.02x industry multiple (adjusted for size and gross margin).
able construction (northern) limited Estimated Valuation
Pomanda estimates the enterprise value of ABLE CONSTRUCTION (NORTHERN) LIMITED at £4.1m based on Net Assets of £2m and 2.12x industry multiple (adjusted for liquidity).
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Able Construction (northern) Limited Overview
Able Construction (northern) Limited is a live company located in felling gateshead, NE10 9LR with a Companies House number of 03393672. It operates in the other building completion and finishing sector, SIC Code 43390. Founded in June 1997, it's largest shareholder is able holdings (northern) ltd with a 100% stake. Able Construction (northern) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with high growth in recent years.
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Able Construction (northern) Limited Health Check
Pomanda's financial health check has awarded Able Construction (Northern) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
1 Weak
Size
annual sales of £2.1m, make it larger than the average company (£322.8k)
- Able Construction (northern) Limited
£322.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (8.3%)
- Able Construction (northern) Limited
8.3% - Industry AVG
Production
with a gross margin of 26.6%, this company has a comparable cost of product (26.6%)
- Able Construction (northern) Limited
26.6% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (7.3%)
- Able Construction (northern) Limited
7.3% - Industry AVG
Employees
with 12 employees, this is above the industry average (3)
12 - Able Construction (northern) Limited
3 - Industry AVG
Pay Structure
on an average salary of £34.8k, the company has an equivalent pay structure (£34.8k)
- Able Construction (northern) Limited
£34.8k - Industry AVG
Efficiency
resulting in sales per employee of £178.1k, this is more efficient (£132k)
- Able Construction (northern) Limited
£132k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (47 days)
- Able Construction (northern) Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 97 days, this is slower than average (30 days)
- Able Construction (northern) Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Able Construction (northern) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 118 weeks, this is more cash available to meet short term requirements (25 weeks)
118 weeks - Able Construction (northern) Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.9%, this is a lower level of debt than the average (74.2%)
20.9% - Able Construction (northern) Limited
74.2% - Industry AVG
ABLE CONSTRUCTION (NORTHERN) LIMITED financials
Able Construction (Northern) Limited's latest turnover from July 2023 is estimated at £2.1 million and the company has net assets of £2 million. According to their latest financial statements, Able Construction (Northern) Limited has 12 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 12 | 14 | 16 | 19 | 23 | 25 | 18 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 40,039 | 50,693 | 66,968 | 58,290 | 77,240 | 101,734 | 91,701 | 78,146 | 85,487 | 72,085 | 41,397 | 48,437 | 624,216 | 633,936 | 662,316 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 84 | 186 | 288 | 390 | 492 | 594 | 696 | 798 | 900 | 1,002 |
| Investments & Other | 358,580 | 369,126 | 379,673 | 390,219 | 400,766 | 411,312 | 421,859 | 492,399 | 504,764 | 517,129 | 529,493 | 541,858 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 10,435 | 83,386 | 79,071 | 81,478 | 87,146 | 87,146 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 409,054 | 503,205 | 525,712 | 529,987 | 565,152 | 600,276 | 513,746 | 570,833 | 590,641 | 589,706 | 571,484 | 590,991 | 625,014 | 634,836 | 663,318 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 131,500 | 88,039 | 42,504 | 82,802 | 294,845 | 127,108 | 221,523 | 79,083 | 452,145 | 678,124 | 694,170 | 514,898 | 505,862 | 784,693 | 1,060,362 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 88,056 | 88,056 | 88,056 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 570,590 | 587,515 | 307,457 | 442,159 | 737,543 | 623,133 | 530,179 | 517,539 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,127,932 | 973,762 | 1,002,004 | 784,512 | 961,960 | 762,658 | 507,396 | 390,949 | 586,636 | 393,634 | 374,080 | 377,988 | 738,576 | 935,375 | 544,371 |
| misc current assets | 241,346 | 229,339 | 214,666 | 171,376 | 0 | 134,897 | 130,208 | 124,569 | 119,671 | 114,513 | 112,810 | 111,088 | 10,000 | 90,000 | 90,000 |
| total current assets | 2,071,368 | 1,878,655 | 1,566,631 | 1,480,849 | 2,124,677 | 1,735,852 | 1,477,362 | 1,200,196 | 1,158,452 | 1,186,271 | 1,181,060 | 1,003,974 | 1,254,438 | 1,810,068 | 1,694,733 |
| total assets | 2,480,422 | 2,381,860 | 2,092,343 | 2,010,836 | 2,689,829 | 2,336,128 | 1,991,108 | 1,771,029 | 1,749,093 | 1,775,977 | 1,752,544 | 1,594,965 | 1,879,452 | 2,444,904 | 2,358,051 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 417,280 | 336,318 | 289,832 | 180,149 | 524,540 | 304,784 | 277,213 | 261,734 | 390,477 | 432,873 | 426,032 | 258,778 | 499,575 | 1,041,361 | 1,038,664 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 25,902 | 69,218 | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 79,558 | 122,133 | 140,489 | 62,951 | 131,287 | 209,163 | 110,957 | 42,788 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 496,838 | 458,451 | 430,321 | 243,100 | 655,827 | 513,947 | 414,072 | 373,740 | 390,477 | 432,873 | 426,032 | 258,778 | 499,575 | 1,041,361 | 1,038,664 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 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 | 21,215 | 0 | 0 | 0 | 0 | 0 |
| provisions | 21,998 | 16,030 | 15,665 | 1,217 | 3,252 | 3,074 | 2,792 | 941 | 615 | 2,885 | 653 | 388 | 783 | 1,911 | 2,632 |
| total long term liabilities | 21,998 | 16,030 | 15,665 | 1,217 | 3,252 | 3,074 | 2,792 | 941 | 615 | 24,100 | 653 | 388 | 783 | 1,911 | 2,632 |
| total liabilities | 518,836 | 474,481 | 445,986 | 244,317 | 659,079 | 517,021 | 416,864 | 374,681 | 391,092 | 456,973 | 426,685 | 259,166 | 500,358 | 1,043,272 | 1,041,296 |
| net assets | 1,961,586 | 1,907,379 | 1,646,357 | 1,766,519 | 2,030,750 | 1,819,107 | 1,574,244 | 1,396,348 | 1,358,001 | 1,319,004 | 1,325,859 | 1,335,799 | 1,379,094 | 1,401,632 | 1,316,755 |
| total shareholders funds | 1,961,586 | 1,907,379 | 1,646,357 | 1,766,519 | 2,030,750 | 1,819,107 | 1,574,244 | 1,396,348 | 1,358,001 | 1,319,004 | 1,325,859 | 1,335,799 | 1,379,094 | 1,401,632 | 1,316,755 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 13,080 | 16,869 | 16,289 | 19,530 | 25,548 | 32,487 | 27,851 | 25,804 | 28,643 | 14,131 | 28,743 | 36,047 | 35,261 | 40,495 | |
| Amortisation | 0 | 0 | 0 | 0 | 84 | 102 | 102 | 102 | 102 | 102 | 102 | 102 | 102 | 102 | |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -46,415 | 329,908 | -177,407 | -513,095 | 194,091 | 85,685 | 155,080 | 232,533 | -225,979 | -16,046 | 179,272 | 9,036 | -278,831 | -275,669 | 1,060,362 |
| Creditors | 80,962 | 46,486 | 109,683 | -344,391 | 219,756 | 27,571 | 15,479 | -128,743 | -42,396 | 6,841 | 167,254 | -240,797 | -541,786 | 2,697 | 1,038,664 |
| Accruals and Deferred Income | -42,575 | -18,356 | 77,538 | -68,336 | -77,876 | 98,206 | 68,169 | 42,788 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 5,968 | 365 | 14,448 | -2,035 | 178 | 282 | 1,851 | 326 | -2,270 | 2,232 | 265 | -395 | -1,128 | -721 | 2,632 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -10,546 | -10,547 | -10,546 | -10,547 | -10,546 | -10,547 | -70,540 | -12,365 | -12,365 | -12,364 | -12,365 | 541,858 | 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 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -25,902 | -43,316 | 69,218 | 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 |
| Long term loans | 0 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -21,215 | 21,215 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 154,170 | -28,242 | 217,492 | -177,448 | 199,302 | 255,262 | 116,447 | -195,687 | 193,002 | 19,554 | -3,908 | -360,588 | -196,799 | 391,004 | 544,371 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 154,170 | -28,242 | 217,492 | -177,448 | 199,302 | 255,262 | 116,447 | -195,687 | 193,002 | 19,554 | -3,908 | -360,588 | -196,799 | 391,004 | 544,371 |
able construction (northern) limited Credit Report and Business Information
Able Construction (northern) Limited Competitor Analysis
Perform a competitor analysis for able construction (northern) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in NE10 area or any other competitors across 12 key performance metrics.
able construction (northern) limited Ownership
ABLE CONSTRUCTION (NORTHERN) LIMITED group structure
Able Construction (Northern) Limited has no subsidiary companies.
Ultimate parent company
1 parent
ABLE CONSTRUCTION (NORTHERN) LIMITED
03393672
able construction (northern) limited directors
Able Construction (Northern) Limited currently has 2 directors. The longest serving directors include Mr Peter Fowle (Jul 1997) and Mrs Pauline Fowle (Jul 1997).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Fowle | 68 years | Jul 1997 | - | Director | |
| Mrs Pauline Fowle | 67 years | Jul 1997 | - | Director |
P&L
July 2023turnover
2.1m
+38%
operating profit
19.7k
0%
gross margin
26.7%
+6.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
2m
+0.03%
total assets
2.5m
+0.04%
cash
1.1m
+0.16%
net assets
Total assets minus all liabilities
able construction (northern) limited company details
company number
03393672
Type
Private limited with Share Capital
industry
43390 - Other building completion and finishing
incorporation date
June 1997
age
27
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
techtune limited (October 1997)
accountant
TTR BARNES
auditor
-
address
park works, sunderland road, felling gateshead, tyne & wear, NE10 9LR
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
able construction (northern) 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 1 charges/mortgages relating to able construction (northern) limited. Currently there are 0 open charges and 1 have been satisfied in the past.
able construction (northern) limited Companies House Filings - See Documents
| date | description | view/download |
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