Abels Moving Services Limited

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abels moving services limited Company Information

Live

MatureMidHealthy

Company Number

03592000

Website

http://www.abels.co.uk

Registered Address

the heights east cranborne road, potters bar, EN6 3JN

Industry

Operation of warehousing and storage facilities for land transport activities of division 49

Other transportation support activities

Telephone

0800626769

Next Accounts Due

March 2025

Group Structure

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Directors

Neil Pertoldi14 Years

Russell Start5 Years

View All

Shareholders

agm relocation limited 100%

abels moving services limited Estimated Valuation

£6.3m

Pomanda estimates the enterprise value of ABELS MOVING SERVICES LIMITED at £6.3m based on a Turnover of £7.6m and 0.83x industry multiple (adjusted for size and gross margin).

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Abels Moving Services Limited is a live company located in potters bar, EN6 3JN with a Companies House number of 03592000. It operates in the operation of warehousing and storage facilities for land transport activities sector, SIC Code 52103. Founded in July 1998, it's largest shareholder is agm relocation limited with a 100% stake. Abels Moving Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7.6m with healthy growth in recent years.

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

Health Rating4out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £7.6m, make it smaller than the average company (£10.5m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ABELS MOVING SERVICES LIMITED group structure

Abels Moving Services Limited has no subsidiary companies.

Ultimate parent company

AGM RELOCATION LIMITED

08940340

1 parent

ABELS MOVING SERVICES LIMITED

03592000

ABELS MOVING SERVICES LIMITED Shareholders

agm relocation limited

100%

Abels Moving Services Limited currently has 6 directors. The longest serving directors include Mr Neil Pertoldi (Oct 2009) and Mr Russell Start (Apr 2019).

officer	country	age	start	end	role
Mr Neil Pertoldi	England	48 years	Oct 2009	-	Director
Mr Russell Start	United Kingdom	59 years	Apr 2019	-	Director
Mr Stephen Sampson	United Kingdom	66 years	Jan 2022	-	Director
Mr Mark Costa-Rising	England	58 years	Jan 2022	-	Director
Mr David Hibbert	England	64 years	Feb 2022	-	Director
Mr Kirk Dugard	England	69 years	Feb 2022	-	Director

EXPORT

Abels Moving Services Limited's latest turnover from June 2023 is £7.6 million and the company has net assets of £1.6 million. According to their latest financial statements, Abels Moving Services Limited has 72 employees and maintains cash reserves of £131.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	7,601,739	7,883,456	8,058,843	5,624,077	5,748,042	5,385,589	5,084,986	12,507,598	12,550,330	12,998,403	11,949,200	11,453,039	8,225,200	5,308,855
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,534,875	3,537,730	3,914,793	2,730,932	4,190,964	3,915,756	2,935,951	7,898,241	7,927,775	8,241,116	7,655,784	7,757,026	5,127,287	2,867,449
Gross Profit	4,066,864	4,345,726	4,144,050	2,893,145	1,557,078	1,469,833	2,149,035	4,609,357	4,622,555	4,757,287	4,293,416	3,696,013	3,097,913	2,441,406
Admin Expenses	3,705,156	3,936,506	2,181,977	3,674,936	899,969	1,059,665	1,892,938	3,943,133	3,927,657	4,060,524	3,929,244	3,508,383	2,971,548	2,034,651
Operating Profit	361,708	409,220	1,962,073	-781,791	657,109	410,168	256,097	666,224	694,898	696,763	364,172	187,630	126,365	406,755
Interest Payable	56,862	73,647	38,146	19,443	128	83	11,682	674	1,126	1,636	2,146	17,066	15,013	16,114
Interest Receivable	9,010	14	0	48,264	1,570	1,258	1,808	5,597	4,019	5,124	3,328	3,443	7,507	6,628
Pre-Tax Profit	313,856	335,587	1,923,927	-752,970	658,551	411,343	192,578	671,147	697,791	700,251	365,354	174,007	250,350	397,269
Tax	-76,236	66,439	-750,528	-23,242	-125,125	-78,155	3,450	-144,198	-154,194	-99,977	98,608	-49,281	16,044	-112,668
Profit After Tax	237,620	402,026	1,173,399	-776,212	533,426	333,188	196,028	526,949	543,597	600,274	463,962	124,726	266,394	284,601
Dividends Paid	0	3,500,000	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	237,620	-3,097,974	1,173,399	-776,212	533,426	333,188	196,028	526,949	543,597	600,274	463,962	124,726	266,394	284,601
Employee Costs	2,699,144	3,232,211	2,540,690	2,190,653	2,581,451	2,530,989	4,440,907	3,936,158	3,783,960	3,791,459	3,682,763	3,524,399	2,746,637	1,902,060
Number Of Employees	72	72	76	73	73	72	127	123	113	118	115	108	119	70
EBITDA*	740,262	666,953	2,219,282	-544,922	835,728	431,603	430,780	1,005,305	1,019,575	987,933	678,963	518,692	392,721	592,308

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	1,192,393	1,088,716	940,686	689,027	675,043	428,117	514,859	874,663	783,234	812,619	688,752	666,757	636,033	1,550,599
Intangible Assets	0	0	0	0	0	0	0	579,263	708,306	837,349	966,392	1,095,435	1,224,478	0
Investments & Other	0	0	21,317	21,317	21,317	21,317	26,789	61,425	61,425	61,425	57,445	43,903	35,562	23,018
Debtors (Due After 1 year)	240,918	239,318	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,433,311	1,328,034	962,003	710,344	696,360	449,434	541,648	1,515,351	1,552,965	1,711,393	1,712,589	1,806,095	1,896,073	1,573,617
Stock & work in progress	74,914	95,998	55,161	32,979	41,273	26,328	17,955	35,845	39,530	32,252	38,918	35,388	55,249	68,951
Trade Debtors	415,755	801,910	550,635	350,337	355,711	317,462	411,625	1,161,870	1,254,563	1,426,122	1,409,375	1,213,340	1,723,780	477,414
Group Debtors	2,177,732	2,293,323	4,496,775	3,173,397	3,874,788	3,168,121	2,697,754	0	0	0	0	0	0	0
Misc Debtors	566,519	404,950	203,365	221,626	412,634	548,347	287,287	1,153,016	1,094,719	1,106,052	1,042,885	871,432	595,042	420,960
Cash	131,188	323,679	639,463	472,617	202,821	215,793	287,481	2,881,527	2,320,431	1,494,975	860,915	556,011	558,552	667,370
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,366,108	3,919,860	5,945,399	4,250,956	4,887,227	4,276,051	3,702,102	5,232,258	4,709,243	4,059,401	3,352,093	2,676,171	2,932,623	1,634,695
total assets	4,799,419	5,247,894	6,907,402	4,961,300	5,583,587	4,725,485	4,243,750	6,747,609	6,262,208	5,770,794	5,064,682	4,482,266	4,828,696	3,208,312
Bank overdraft	0	0	0	2,321	2,546	1,246	1,318	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	48,159
Trade Creditors	731,568	819,194	614,369	479,483	608,828	611,896	458,399	1,649,057	1,690,187	1,726,815	1,536,976	1,628,192	1,697,306	538,428
Group/Directors Accounts	0	348,846	87,362	0	65,190	0	1,305	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
hp & lease commitments	268,943	219,610	168,887	99,020	61,150	0	0	5,151	6,421	5,911	5,402	4,891	0	0
other current liabilities	1,570,452	2,005,403	848,734	665,904	533,727	512,537	501,629	1,318,704	1,333,289	1,342,933	1,421,532	1,195,066	1,631,431	875,979
total current liabilities	2,570,963	3,393,053	1,719,352	1,246,728	1,271,441	1,125,679	962,651	2,972,912	3,029,897	3,075,659	2,963,910	2,828,149	3,328,737	1,462,566
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	496,097
hp & lease commitments	432,393	440,876	567,672	335,657	180,410	0	0	0	5,151	11,572	17,483	22,885	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	166,775	22,297	130,736	62,672	39,281	40,777	55,258	20,588	0	0	0	11,905	5,358	21,442
total long term liabilities	599,168	463,173	698,408	398,329	219,691	40,777	55,258	20,588	5,151	11,572	17,483	34,790	5,358	517,539
total liabilities	3,170,131	3,856,226	2,417,760	1,645,057	1,491,132	1,166,456	1,017,909	2,993,500	3,035,048	3,087,231	2,981,393	2,862,939	3,334,095	1,980,105
net assets	1,629,288	1,391,668	4,489,642	3,316,243	4,092,455	3,559,029	3,225,841	3,754,109	3,227,160	2,683,563	2,083,289	1,619,327	1,494,601	1,228,207
total shareholders funds	1,629,288	1,391,668	4,489,642	3,316,243	4,092,455	3,559,029	3,225,841	3,754,109	3,227,160	2,683,563	2,083,289	1,619,327	1,494,601	1,228,207

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	361,708	409,220	1,962,073	-781,791	657,109	410,168	256,097	666,224	694,898	696,763	364,172	187,630	126,365	406,755
Depreciation	378,554	257,733	257,209	236,869	178,619	21,435	174,683	210,038	195,634	162,127	185,748	202,019	200,407	185,553
Amortisation	0	0	0	0	0	0	0	129,043	129,043	129,043	129,043	129,043	65,949	0
Tax	-76,236	66,439	-750,528	-23,242	-125,125	-78,155	3,450	-144,198	-154,194	-99,977	98,608	-49,281	16,044	-112,668
Stock	-21,084	40,837	22,182	-8,294	14,945	8,373	-17,890	-3,685	7,278	-6,666	3,530	-19,861	-13,702	68,951
Debtors	-338,577	-1,511,274	1,505,415	-897,773	609,203	637,264	1,081,780	-34,396	-182,892	79,914	367,488	-234,050	1,420,448	898,374
Creditors	-87,626	204,825	134,886	-129,345	-3,068	153,497	-1,190,658	-41,130	-36,628	189,839	-91,216	-69,114	1,158,878	538,428
Accruals and Deferred Income	-434,951	1,156,669	182,830	132,177	21,190	10,908	-817,075	-14,585	-9,644	-78,599	226,466	-436,365	755,452	875,979
Deferred Taxes & Provisions	144,478	-108,439	68,064	23,391	-1,496	-14,481	34,670	20,588	0	0	-11,905	6,547	-16,084	21,442
Cash flow from operations	645,588	3,456,884	326,937	364,126	103,081	-142,265	-2,602,723	864,061	994,723	925,948	529,898	224,390	900,265	948,164
Investing Activities
capital expenditure	-482,231	-405,763	-508,868	-250,853	-425,545	65,307	764,384	-288,207	-153,496	-280,724	-221,285	-202,022	1,191,324	-69,355
Change in Investments	0	-21,317	0	0	0	-5,472	-34,636	0	0	3,980	13,542	8,341	12,544	23,018
cash flow from investments	-482,231	-384,446	-508,868	-250,853	-425,545	70,779	799,020	-288,207	-153,496	-284,704	-234,827	-210,363	1,178,780	-92,373
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	-48,159	48,159
Group/Directors Accounts	-348,846	261,484	87,362	-65,190	65,190	-1,305	1,305	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
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	-496,097	496,097
Hire Purchase and Lease Commitments	40,850	-76,073	301,882	193,117	241,560	0	-5,151	-6,421	-5,911	-5,402	-4,891	27,776	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-724,296	0	0	0	0	0	0	943,606
interest	-47,852	-73,633	-38,146	28,821	1,442	1,175	-9,874	4,923	2,893	3,488	1,182	-13,623	-7,506	-9,486
cash flow from financing	-355,848	111,778	351,098	156,748	308,192	-130	-738,016	-1,498	-3,018	-1,914	-3,709	14,153	-551,762	1,478,376
cash and cash equivalents
cash	-192,491	-315,784	166,846	269,796	-12,972	-71,688	-2,594,046	561,096	825,456	634,060	304,904	-2,541	-108,818	667,370
overdraft	0	0	-2,321	-225	1,300	-72	1,318	0	0	0	0	0	0	0
change in cash	-192,491	-315,784	169,167	270,021	-14,272	-71,616	-2,595,364	561,096	825,456	634,060	304,904	-2,541	-108,818	667,370

P&L

June 2023

turnover

7.6m

-4%

operating profit

361.7k

-12%

gross margin

53.5%

-2.95%

turnover

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

Balance Sheet

June 2023

net assets

1.6m

+0.17%

total assets

4.8m

-0.09%

cash

131.2k

-0.59%

net assets

Total assets minus all liabilities

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company number

03592000

Type

Private limited with Share Capital

industry

52103 - Operation of warehousing and storage facilities for land transport activities of division 49

52290 - Other transportation support activities

incorporation date

July 1998

age

accounts

Full Accounts

ultimate parent company

AGM RELOCATION LIMITED

previous names

legislator 1393 limited (September 1998)

incorporated

address

the heights east cranborne road, potters bar, EN6 3JN

last accounts submitted

June 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 abels moving services limited. Currently there are 0 open charges and 3 have been satisfied in the past.

abels moving services limited Company Information

abels moving services limited Estimated Valuation

abels moving services limited Estimated Valuation

abels moving services limited Estimated Valuation

Abels Moving Services Limited AI Business Plan

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