Asbestech Limited

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asbestech limited Company Information

Live

MatureMidLow

Company Number

03478062

Next Accounts

Jul 2025

Industry

Treatment and disposal of hazardous waste

Directors

Daniel Chalkley

Phillip Neville

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Shareholders

northstar environmental solutions limited

Group Structure

View All

Contact

Registered Address

unit 3 the io centre hearle way, hatfield, hertfordshire, AL10 9EW

Website

www.asbestech.com

asbestech limited Estimated Valuation

£5.6m

Pomanda estimates the enterprise value of ASBESTECH LIMITED at £5.6m based on a Turnover of £7.9m and 0.71x industry multiple (adjusted for size and gross margin).

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Asbestech Limited is a live company located in hertfordshire, AL10 9EW with a Companies House number of 03478062. It operates in the treatment and disposal of hazardous waste sector, SIC Code 38220. Founded in December 1997, it's largest shareholder is northstar environmental solutions limited with a 100% stake. Asbestech Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.9m with low growth in recent years.

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Pomanda's financial health check has awarded Asbestech Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £7.9m, make it smaller than the average company (£13.5m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.2%)

EXPORT

Asbestech Limited's latest turnover from October 2023 is estimated at £7.9 million and the company has net assets of £1.3 million. According to their latest financial statements, Asbestech Limited has 34 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	7,928,901	6,956,282	4,681,390	7,184,073	6,574,622	4,879,797	3,168,287	4,090,720	4,670,700	5,270,919	8,567,802	8,894,707	4,601,365	6,423,084	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,376,934	4,793,012	3,332,192	5,341,930	5,023,510	3,628,167	2,296,858	3,122,275	3,617,535	4,112,734	6,596,807	6,768,271	3,379,635	4,675,138	0
Gross Profit	2,551,968	2,163,270	1,349,198	1,842,143	1,551,112	1,251,629	871,428	968,445	1,053,165	1,158,185	1,970,995	2,126,436	1,221,730	1,747,946	0
Admin Expenses	2,211,744	2,116,278	1,221,826	1,656,151	1,374,140	1,762,508	457,654	564,308	445,002	804,835	2,004,725	2,367,687	1,491,587	1,616,314	169,363
Operating Profit	340,224	46,992	127,372	185,992	176,972	-510,879	413,774	404,137	608,163	353,350	-33,730	-241,251	-269,857	131,632	-169,363
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	14,369	14,369	0	0
Interest Receivable	48,924	14,919	866	996	5,804	6,155	2,067	1,533	1,687	330	102	231	413	333	50
Pre-Tax Profit	389,148	61,911	128,238	186,988	182,775	-504,724	415,841	405,670	609,850	353,680	-33,628	-255,389	-283,813	131,965	-169,313
Tax	-97,287	-11,763	-24,365	-35,528	-34,727	0	-79,010	-81,134	-121,970	-74,273	0	0	0	-36,950	0
Profit After Tax	291,861	50,148	103,873	151,460	148,048	-504,724	336,831	324,536	487,880	279,407	-33,628	-255,389	-283,813	95,015	-169,313
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	291,861	50,148	103,873	151,460	148,048	-504,724	336,831	324,536	487,880	279,407	-33,628	-255,389	-283,813	95,015	-169,313
Employee Costs	1,450,174	1,376,173	1,222,000	1,583,550	1,654,527	1,475,153	1,289,887	1,288,188	1,207,788	1,511,197	2,287,326	2,444,861	1,332,969	2,163,034	0
Number Of Employees	34	35	30	37	37	31	27	35	34	37	59	65	38	61	0
EBITDA*	423,692	119,042	202,956	267,060	262,533	-438,863	481,236	456,019	649,101	418,523	45,380	-191,072	-229,096	164,487	-147,586

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	317,600	183,502	177,292	195,244	199,763	233,358	131,519	111,720	89,431	67,428	97,075	104,433	90,447	74,945	30,507
Intangible Assets	0	0	1,116	11,796	22,476	33,155	43,835	54,515	65,195	75,875	86,555	97,235	107,915	118,595	129,275
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	33,743
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	317,600	183,502	178,408	207,040	222,239	266,513	175,354	166,235	154,626	143,303	183,630	201,668	198,362	193,540	193,525
Stock & work in progress	65,043	72,465	48,511	57,656	48,921	52,371	50,943	50,097	45,812	86,239	103,487	80,871	59,980	60,970	41,206
Trade Debtors	1,698,533	1,406,557	1,097,521	1,458,606	1,051,254	869,862	495,364	783,450	659,885	812,727	1,590,293	1,244,758	894,105	1,299,469	895,456
Group Debtors	215,000	150,000	0	0	0	0	106,730	0	0	0	0	0	0	0	0
Misc Debtors	148,796	69,504	321,082	68,721	67,157	77,682	100,647	82,729	0	0	0	0	0	0	0
Cash	1,155,093	708,674	617,478	1,114,807	876,387	671,213	970,174	683,195	543,047	131,769	259	40,348	51,992	113,355	20,035
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,282,465	2,407,200	2,084,592	2,699,790	2,043,719	1,671,128	1,723,858	1,599,471	1,248,744	1,030,735	1,694,039	1,365,977	1,006,077	1,473,794	956,697
total assets	3,600,065	2,590,702	2,263,000	2,906,830	2,265,958	1,937,641	1,899,212	1,765,706	1,403,370	1,174,038	1,877,669	1,567,645	1,204,439	1,667,334	1,150,222
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	1,374,772	1,050,907	734,281	1,102,590	832,806	660,326	407,429	445,226	965,734	1,240,745	2,206,387	1,860,860	780,001	1,410,562	994,761
Group/Directors Accounts	300,000	0	0	290,000	185,333	196,790	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	442,133	0	0
hp & lease commitments	7,392	0	0	0	0	0	0	0	0	0	0	0	7,500	0	0
other current liabilities	495,182	485,851	514,139	600,834	485,626	461,885	385,483	553,716	0	0	0	0	0	0	0
total current liabilities	2,177,346	1,536,758	1,248,420	1,993,424	1,503,765	1,319,001	792,912	998,942	965,734	1,240,745	2,206,387	1,860,860	1,229,634	1,410,562	994,761
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	57,727	0	0	0	0	0	0	0	0	0	0	0	9,375	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	0	18,410	20,285	23,541	24,774	24,774
provisions	42,800	23,613	34,397	37,096	37,343	41,838	24,774	22,069	17,477	1,014	0	0	0	6,296	0
total long term liabilities	100,527	23,613	34,397	37,096	37,343	41,838	24,774	22,069	17,477	1,014	18,410	20,285	32,916	31,070	24,774
total liabilities	2,277,873	1,560,371	1,282,817	2,030,520	1,541,108	1,360,839	817,686	1,021,011	983,211	1,241,759	2,224,797	1,881,145	1,262,550	1,441,632	1,019,535
net assets	1,322,192	1,030,331	980,183	876,310	724,850	576,802	1,081,526	744,695	420,159	-67,721	-347,128	-313,500	-58,111	225,702	130,687
total shareholders funds	1,322,192	1,030,331	980,183	876,310	724,850	576,802	1,081,526	744,695	420,159	-67,721	-347,128	-313,500	-58,111	225,702	130,687

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	340,224	46,992	127,372	185,992	176,972	-510,879	413,774	404,137	608,163	353,350	-33,730	-241,251	-269,857	131,632	-169,363
Depreciation	83,468	70,934	64,904	70,388	74,881	61,336	56,782	41,202	30,258	54,493	68,430	39,499	30,081	22,175	11,097
Amortisation	0	1,116	10,680	10,680	10,680	10,680	10,680	10,680	10,680	10,680	10,680	10,680	10,680	10,680	10,680
Tax	-97,287	-11,763	-24,365	-35,528	-34,727	0	-79,010	-81,134	-121,970	-74,273	0	0	0	-36,950	0
Stock	-7,422	23,954	-9,145	8,735	-3,450	1,428	846	4,285	-40,427	-17,248	22,616	20,891	-990	19,764	41,206
Debtors	436,268	207,458	-108,724	408,916	170,867	244,803	-163,438	206,294	-152,842	-777,566	345,535	350,653	-405,364	404,013	895,456
Creditors	323,865	316,626	-368,309	269,784	172,480	252,897	-37,797	-520,508	-275,011	-965,642	345,527	1,080,859	-630,561	415,801	994,761
Accruals and Deferred Income	9,331	-28,288	-86,695	115,208	23,741	76,402	-168,233	553,716	0	0	0	0	0	0	0
Deferred Taxes & Provisions	19,187	-10,784	-2,699	-247	-4,495	17,064	2,705	4,592	16,463	1,014	0	0	-6,296	6,296	0
Cash flow from operations	249,942	153,421	-161,243	198,626	252,115	-338,731	361,493	202,106	461,852	174,436	22,756	518,243	-459,599	125,857	-89,487
Investing Activities
capital expenditure	-217,566	-77,144	-46,952	-65,869	-41,287	-163,175	-76,581	-63,491	-52,261	-24,846	-61,072	-53,485	-45,583	-66,613	-181,559
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	-33,743	33,743
cash flow from investments	-217,566	-77,144	-46,952	-65,869	-41,287	-163,175	-76,581	-63,491	-52,261	-24,846	-61,072	-53,485	-45,583	-32,870	-215,302
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	300,000	0	-290,000	104,667	-11,457	196,790	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	-442,133	442,133	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	65,119	0	0	0	0	0	0	0	0	0	0	-16,875	16,875	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	-18,410	-1,875	-3,256	-1,233	0	24,774
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	300,000
interest	48,924	14,919	866	996	5,804	6,155	2,067	1,533	1,687	330	102	-14,138	-13,956	333	50
cash flow from financing	414,043	14,919	-289,134	105,663	-5,653	202,945	2,067	1,533	1,687	-18,080	-1,773	-476,402	443,819	333	324,824
cash and cash equivalents
cash	446,419	91,196	-497,329	238,420	205,174	-298,961	286,979	140,148	411,278	131,510	-40,089	-11,644	-61,363	93,320	20,035
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	446,419	91,196	-497,329	238,420	205,174	-298,961	286,979	140,148	411,278	131,510	-40,089	-11,644	-61,363	93,320	20,035

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ASBESTECH LIMITED group structure

Asbestech Limited has no subsidiary companies.

Ultimate parent company

DMC INVESTMENTS LIMITED

12741824

NORTHSTAR ENVIRONMENTAL SOLUTIONS LTD

08454132

2 parents

ASBESTECH LIMITED

03478062

ASBESTECH LIMITED Shareholders

northstar environmental solutions limited

100%

Asbestech Limited currently has 5 directors. The longest serving directors include Mr Daniel Chalkley (Jan 2006) and Mr Phillip Neville (Jul 2010).

officer	country	age	start	end	role
Mr Daniel Chalkley	England	52 years	Jan 2006	-	Director
Mr Phillip Neville	England	56 years	Jul 2010	-	Director
Mr Gary McComb	England	58 years	Jan 2015	-	Director
Mr Jason Gillett	England	41 years	Nov 2018	-	Director
Mrs Sally Charles	England	51 years	Jul 2024	-	Director

P&L

October 2023

turnover

7.9m

+14%

operating profit

340.2k

gross margin

32.2%

+3.5%

turnover

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

Balance Sheet

October 2023

net assets

1.3m

+0.28%

total assets

3.6m

+0.39%

cash

1.2m

+0.63%

net assets

Total assets minus all liabilities

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company number

03478062

Type

Private limited with Share Capital

industry

38220 - Treatment and disposal of hazardous waste

incorporation date

December 1997

ultimate parent company

DMC INVESTMENTS LIMITED

previous names

mallardhaven limited (April 1998)

address

unit 3 the io centre hearle way, hatfield, hertfordshire, AL10 9EW

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We found 7 charges/mortgages relating to asbestech limited. Currently there are 1 open charges and 6 have been satisfied in the past.

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asbestech limited Company Information

asbestech limited Estimated Valuation

asbestech limited Estimated Valuation

asbestech limited Estimated Valuation

Asbestech Limited Overview

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ASBESTECH LIMITED financials

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asbestech limited Companies House Filings - See Documents