Paul Binns Commercials Limited

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paul binns commercials limited Company Information

Live

MatureMidHigh

Company Number

03457906

Website

www.paulbinnscommercials.co.uk

Registered Address

the acres bythorn, huntingdon, cambridgeshire, PE28 0QJ

Industry

Sale of other motor vehicles

Telephone

01832710040

Next Accounts Due

January 2025

Group Structure

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Directors

Paul Binns26 Years

Shareholders

eagerrefine ltd 100%

paul binns commercials limited Estimated Valuation

£4.7m

Pomanda estimates the enterprise value of PAUL BINNS COMMERCIALS LIMITED at £4.7m based on Net Assets of £1.6m and 2.88x industry multiple (adjusted for liquidity).

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Paul Binns Commercials Limited is a live company located in cambridgeshire, PE28 0QJ with a Companies House number of 03457906. It operates in the sale of other motor vehicles sector, SIC Code 45190. Founded in October 1997, it's largest shareholder is eagerrefine ltd with a 100% stake. Paul Binns Commercials Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.2m with high growth in recent years.

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Pomanda's financial health check has awarded Paul Binns Commercials Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £5.2m, make it smaller than the average company (£27.5m)

Growth

3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (5.7%)

EXPORT

Paul Binns Commercials Limited's latest turnover from April 2023 is estimated at £5.2 million and the company has net assets of £1.6 million. According to their latest financial statements, Paul Binns Commercials Limited has 4 employees and maintains cash reserves of £344.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	5,160,360	3,808,378	2,403,715	2,400,684	2,667,807	2,852,347	4,342,151	2,144,595	2,423,307	1,888,284	1,584,223	1,463,926	1,274,769	1,137,475
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,417,024	3,286,621	2,089,334	2,099,935	2,316,715	2,470,525	3,794,913	1,862,861	2,066,647	1,625,867	1,355,908	1,258,963	893,319	815,078
Gross Profit	743,335	521,757	314,381	300,749	351,091	381,822	547,237	281,735	356,660	262,417	228,315	204,963	381,450	322,397
Admin Expenses	415,839	234,953	-500	188,433	159,356	161,992	294,969	179,312	346,907	232,007	225,466	266,793	288,453	252,933
Operating Profit	327,496	286,804	314,881	112,316	191,735	219,830	252,268	102,423	9,753	30,410	2,849	-61,830	92,997	69,464
Interest Payable	0	3,375	3,050	0	0	6,500	12,500	6,500	0	0	0	1,324	3,025	4,785
Interest Receivable	10,469	1,403	126	16	587	619	156	67	0	0	0	33	0	0
Pre-Tax Profit	337,965	284,832	311,957	112,332	192,322	213,949	239,925	95,990	9,754	30,410	2,849	-63,121	89,972	64,679
Tax	-84,491	-54,118	-59,272	-21,343	-36,541	-40,650	-45,586	-19,198	-1,951	-6,386	-655	0	0	0
Profit After Tax	253,474	230,714	252,685	90,989	155,781	173,299	194,339	76,792	7,803	24,024	2,194	-63,121	89,972	64,679
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	253,474	230,714	252,685	90,989	155,781	173,299	194,339	76,792	7,803	24,024	2,194	-63,121	89,972	64,679
Employee Costs	164,609	192,100	145,428	146,161	143,054	133,768	132,621	227,279	253,226	185,460	152,823	176,973	146,096	170,903
Number Of Employees	4	5	4	4	4	4	4	7	8	6	5	6	5	6
EBITDA*	438,112	424,780	439,784	256,179	340,121	344,770	262,514	239,323	92,638	109,372	106,140	24,969	153,832	112,025

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	369,498	451,774	374,548	435,614	446,310	375,355	322,375	410,904	248,231	236,625	310,742	261,264	179,779	125,508
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	0	0	0	0	0
Total Fixed Assets	369,498	451,774	374,548	435,614	446,310	375,355	322,375	410,904	248,231	236,625	310,742	261,264	179,779	125,508
Stock & work in progress	405,763	332,241	495,106	507,020	406,990	397,414	218,805	189,620	198,973	283,950	186,669	147,000	196,172	205,675
Trade Debtors	920,050	515,717	376,294	289,660	420,917	464,142	820,295	328,110	257,679	143,244	114,612	123,680	155,192	78,007
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	467,894	115,995	56,018	55,438	40,164	52,328	39,330	0	0	0	0	16,910	60,311
Cash	344,479	148,182	225,931	25,337	7,237	149,418	98,375	26,755	172	2	0	84	12,947	6,729
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,670,292	1,464,034	1,213,326	878,035	890,582	1,051,138	1,189,803	583,815	456,824	427,196	301,281	270,764	381,221	350,722
total assets	2,039,790	1,915,808	1,587,874	1,313,649	1,336,892	1,426,493	1,512,178	994,719	705,055	663,821	612,023	532,028	561,000	476,230
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	40,738	64,015
Bank loan	0	0	13,275	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	289,411	328,912	72,767	90,127	225,186	280,368	498,450	170,873	466,887	436,336	383,401	300,136	246,364	242,774
Group/Directors Accounts	0	0	0	87,133	44,686	280,164	107,146	125,704	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	67,048	52,038	32,829	66,652	58,456	0	0	0	0	0	0
other current liabilities	0	0	182,888	42,605	76,775	104,096	70,857	31,571	0	0	0	0	38,393	23,908
total current liabilities	289,411	328,912	268,930	286,913	398,685	697,457	743,105	386,604	466,887	436,336	383,401	300,136	325,495	330,697
loans	0	0	86,725	0	0	0	200,000	200,000	0	0	0	0	0	0
hp & lease commitments	0	0	0	60,796	63,256	9,866	41,977	79,563	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	73,510	122,915	21,098	0	0	0	0	0	13,504	13,153	52,073	59,508	0	0
provisions	42,391	82,977	60,831	68,335	68,335	68,335	49,560	45,355	18,259	15,730	1,971	0	0	0
total long term liabilities	115,901	205,892	168,654	129,131	131,591	78,201	291,537	324,918	31,763	28,883	54,044	59,508	0	0
total liabilities	405,312	534,804	437,584	416,044	530,276	775,658	1,034,642	711,522	498,650	465,219	437,445	359,644	325,495	330,697
net assets	1,634,478	1,381,004	1,150,290	897,605	806,616	650,835	477,536	283,197	206,405	198,602	174,578	172,384	235,505	145,533
total shareholders funds	1,634,478	1,381,004	1,150,290	897,605	806,616	650,835	477,536	283,197	206,405	198,602	174,578	172,384	235,505	145,533

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	327,496	286,804	314,881	112,316	191,735	219,830	252,268	102,423	9,753	30,410	2,849	-61,830	92,997	69,464
Depreciation	110,616	137,976	124,903	143,863	148,386	124,940	10,246	136,900	82,885	78,962	103,291	86,799	60,835	42,561
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-84,491	-54,118	-59,272	-21,343	-36,541	-40,650	-45,586	-19,198	-1,951	-6,386	-655	0	0	0
Stock	73,522	-162,865	-11,914	100,030	9,576	178,609	29,185	-9,353	-84,977	97,281	39,669	-49,172	-9,503	205,675
Debtors	-63,561	491,322	146,611	-130,677	-27,951	-368,317	505,183	109,761	114,435	28,632	-9,068	-48,422	33,784	138,318
Creditors	-39,501	256,145	-17,360	-135,059	-55,182	-218,082	327,577	-296,014	30,551	52,935	83,265	53,772	3,590	242,774
Accruals and Deferred Income	0	-182,888	140,283	-34,170	-27,321	33,239	39,286	31,571	0	0	0	-38,393	14,485	23,908
Deferred Taxes & Provisions	-40,586	22,146	-7,504	0	0	18,775	4,205	27,096	2,529	13,759	1,971	0	0	0
Cash flow from operations	263,573	137,608	361,234	96,254	239,452	327,760	53,628	-117,630	94,309	43,767	160,120	137,942	147,626	34,714
Investing Activities
capital expenditure	-28,340	-215,202	-63,837	-133,167	-219,341	-177,920	78,283	-299,573	-94,491	-4,845	-152,769	-168,284	-115,106	-168,069
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-28,340	-215,202	-63,837	-133,167	-219,341	-177,920	78,283	-299,573	-94,491	-4,845	-152,769	-168,284	-115,106	-168,069
Financing Activities
Bank loans	0	-13,275	13,275	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-87,133	42,447	-235,478	173,018	-18,558	125,704	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-86,725	86,725	0	0	-200,000	0	200,000	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-127,844	12,550	72,599	-65,934	-29,390	138,019	0	0	0	0	0	0
other long term liabilities	-49,405	101,817	21,098	0	0	0	0	-13,504	351	-38,920	-7,435	59,508	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	80,854
interest	10,469	-1,972	-2,924	16	587	-5,881	-12,344	-6,433	0	0	0	-1,291	-3,025	-4,785
cash flow from financing	-38,936	-155	-96,803	55,013	-162,292	-98,797	-60,292	443,786	351	-38,920	-7,435	58,217	-3,025	76,069
cash and cash equivalents
cash	196,297	-77,749	200,594	18,100	-142,181	51,043	71,620	26,583	170	2	-84	-12,863	6,218	6,729
overdraft	0	0	0	0	0	0	0	0	0	0	0	-40,738	-23,277	64,015
change in cash	196,297	-77,749	200,594	18,100	-142,181	51,043	71,620	26,583	170	2	-84	27,875	29,495	-57,286

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PAUL BINNS COMMERCIALS LIMITED group structure

Paul Binns Commercials Limited has no subsidiary companies.

Ultimate parent company

EAGERREFINE LIMITED

03217989

1 parent

PAUL BINNS COMMERCIALS LIMITED

03457906

PAUL BINNS COMMERCIALS LIMITED Shareholders

eagerrefine ltd

100%

Paul Binns Commercials Limited currently has 1 director, Mr Paul Binns serving since Oct 1997.

officer	country	age	start	end	role
Mr Paul Binns		60 years	Oct 1997	-	Director

P&L

April 2023

turnover

5.2m

+36%

operating profit

327.5k

gross margin

14.5%

+5.14%

turnover

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

Balance Sheet

April 2023

net assets

1.6m

+0.18%

total assets

+0.06%

cash

344.5k

+1.32%

net assets

Total assets minus all liabilities

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4.5

company number

03457906

Type

Private limited with Share Capital

industry

45190 - Sale of other motor vehicles

incorporation date

October 1997

age

accounts

Total Exemption Full

ultimate parent company

EAGERREFINE LIMITED

previous names

N/A

incorporated

address

the acres bythorn, huntingdon, cambridgeshire, PE28 0QJ

last accounts submitted

April 2023

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 paul binns commercials limited. Currently there are 3 open charges and 0 have been satisfied in the past.

paul binns commercials limited Company Information

paul binns commercials limited Estimated Valuation

paul binns commercials limited Estimated Valuation

paul binns commercials limited Estimated Valuation

Paul Binns Commercials Limited Overview

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PAUL BINNS COMMERCIALS LIMITED financials

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paul binns commercials limited Ownership

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