irsap uk limited Company Information
Company Number
03596023
Registered Address
units 13-14 trc house, charlwoods road, east grinstead, RH19 2HU
Industry
Non-specialised wholesale trade
Telephone
01342302250
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
radco ltd 100%
irsap uk limited Estimated Valuation
Pomanda estimates the enterprise value of IRSAP UK LIMITED at £7.6m based on a Turnover of £16m and 0.48x industry multiple (adjusted for size and gross margin).
irsap uk limited Estimated Valuation
Pomanda estimates the enterprise value of IRSAP UK LIMITED at £4.9m based on an EBITDA of £950.4k and a 5.11x industry multiple (adjusted for size and gross margin).
irsap uk limited Estimated Valuation
Pomanda estimates the enterprise value of IRSAP UK LIMITED at £11m based on Net Assets of £7.3m and 1.51x industry multiple (adjusted for liquidity).
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Irsap Uk Limited Overview
Irsap Uk Limited is a live company located in east grinstead, RH19 2HU with a Companies House number of 03596023. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in July 1998, it's largest shareholder is radco ltd with a 100% stake. Irsap Uk Limited is a mature, mid sized company, Pomanda has estimated its turnover at £16m with healthy growth in recent years.
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Irsap Uk Limited Health Check
Pomanda's financial health check has awarded Irsap Uk Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 0 areas for improvement. Company Health Check FAQs
6 Strong
6 Regular
0 Weak
Size
annual sales of £16m, make it in line with the average company (£14.6m)
£16m - Irsap Uk Limited
£14.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (4.2%)
14% - Irsap Uk Limited
4.2% - Industry AVG
Production
with a gross margin of 41.9%, this company has a lower cost of product (28.1%)
41.9% - Irsap Uk Limited
28.1% - Industry AVG
Profitability
an operating margin of 5.2% make it as profitable than the average company (5.9%)
5.2% - Irsap Uk Limited
5.9% - Industry AVG
Employees
with 49 employees, this is above the industry average (40)
49 - Irsap Uk Limited
40 - Industry AVG
Pay Structure
on an average salary of £38.8k, the company has an equivalent pay structure (£42.1k)
£38.8k - Irsap Uk Limited
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £326.3k, this is equally as efficient (£356.9k)
£326.3k - Irsap Uk Limited
£356.9k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is earlier than average (53 days)
38 days - Irsap Uk Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is close to average (35 days)
35 days - Irsap Uk Limited
35 days - Industry AVG
Stock Days
it holds stock equivalent to 69 days, this is in line with average (79 days)
69 days - Irsap Uk Limited
79 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is more cash available to meet short term requirements (15 weeks)
30 weeks - Irsap Uk Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30%, this is a lower level of debt than the average (47.9%)
30% - Irsap Uk Limited
47.9% - Industry AVG
irsap uk limited Credit Report and Business Information
Irsap Uk Limited Competitor Analysis
Perform a competitor analysis for irsap uk limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
irsap uk limited Ownership
IRSAP UK LIMITED group structure
Irsap Uk Limited has no subsidiary companies.
irsap uk limited directors
Irsap Uk Limited currently has 6 directors. The longest serving directors include Mr Marco Rossi (Mar 2017) and Mr Fabrizio Rossi (Mar 2017).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Marco Rossi | 33 years | Mar 2017 | - | Director | |
Mr Fabrizio Rossi | 62 years | Mar 2017 | - | Director | |
Mr Marco Monesi | 58 years | Mar 2017 | - | Director | |
Mr Andrew Phillips | 54 years | Jun 2018 | - | Director | |
Mr Francesco Pilotto | 47 years | Aug 2020 | - | Director | |
Mr Francesco Pilotto | 47 years | Aug 2020 | - | Director |
IRSAP UK LIMITED financials
Irsap Uk Limited's latest turnover from December 2022 is £16 million and the company has net assets of £7.3 million. According to their latest financial statements, Irsap Uk Limited has 49 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 15,988,908 | 15,519,342 | 10,301,491 | 10,914,353 | 10,822,662 | 17,341,558 | 11,351,951 | 10,562,508 | 9,930,016 | 7,603,608 | 7,453,118 | 8,420,356 | 8,955,007 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 9,285,629 | 8,717,884 | 5,750,969 | 6,224,855 | 6,081,903 | 9,279,816 | 5,416,473 | 5,364,849 | 5,319,552 | 3,844,756 | 3,759,175 | 4,190,597 | 4,392,676 |
Gross Profit | 6,703,279 | 6,801,458 | 4,550,522 | 4,689,498 | 4,740,759 | 8,061,742 | 5,935,478 | 5,197,659 | 4,610,464 | 3,758,852 | 3,693,943 | 4,229,759 | 4,562,331 |
Admin Expenses | 5,871,932 | 5,712,092 | 4,209,922 | 5,320,415 | 4,880,293 | 7,586,930 | 4,774,087 | 4,678,763 | 4,444,859 | 3,621,096 | 3,330,775 | 3,535,096 | 3,618,657 |
Operating Profit | 831,347 | 1,089,366 | 340,600 | -630,917 | -139,534 | 474,812 | 1,161,391 | 518,896 | 165,605 | 137,756 | 363,168 | 694,663 | 943,674 |
Interest Payable | 293 | 6,495 | 26,059 | 8,497 | 4,415 | 30,906 | 48,745 | 79,148 | 83,257 | 57,327 | 53,065 | 34,288 | 27,058 |
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pre-Tax Profit | 831,054 | 1,082,871 | 314,541 | -639,414 | -143,949 | 443,906 | 1,112,646 | 439,748 | 82,348 | 40,089 | 310,103 | 660,375 | 916,616 |
Tax | -169,093 | -146,832 | 2,582 | 15,009 | 17,759 | -80,228 | -228,917 | -89,342 | -12,969 | -16,706 | -26,272 | -145,651 | -254,594 |
Profit After Tax | 661,961 | 936,039 | 317,123 | -624,405 | -126,190 | 363,678 | 883,729 | 350,406 | 69,379 | 23,383 | 283,831 | 514,724 | 662,022 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | 661,961 | 936,039 | 317,123 | -624,405 | -126,190 | 363,678 | 883,729 | 350,406 | 69,379 | 23,383 | 283,831 | 514,724 | 662,022 |
Employee Costs | 1,901,065 | 1,782,307 | 1,645,194 | 1,675,570 | 1,621,540 | 2,487,693 | 1,711,663 | 1,623,956 | 1,531,961 | 1,281,161 | 1,109,048 | 1,167,420 | 1,121,675 |
Number Of Employees | 49 | 44 | 46 | 46 | 45 | 47 | 48 | 47 | 46 | 41 | 35 | 41 | 41 |
EBITDA* | 950,397 | 1,180,096 | 430,397 | -500,729 | -20,224 | 624,127 | 1,290,018 | 629,337 | 274,172 | 206,687 | 423,822 | 795,847 | 1,105,991 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 219,583 | 224,087 | 98,837 | 139,814 | 239,879 | 166,262 | 183,292 | 184,294 | 205,938 | 253,486 | 109,533 | 91,181 | 161,224 |
Intangible Assets | 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 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,509,323 | 4,363,567 | 0 | 3,711,351 | 2,959,792 |
Total Fixed Assets | 219,583 | 224,087 | 98,837 | 139,814 | 239,879 | 166,262 | 183,292 | 184,294 | 4,715,261 | 4,617,053 | 109,533 | 3,802,532 | 3,121,016 |
Stock & work in progress | 1,768,568 | 1,688,030 | 1,179,633 | 1,410,258 | 1,342,527 | 1,409,367 | 1,151,420 | 948,937 | 1,045,888 | 945,730 | 646,854 | 723,044 | 678,422 |
Trade Debtors | 1,690,365 | 2,140,825 | 1,942,653 | 1,823,522 | 1,622,032 | 1,708,312 | 1,789,890 | 1,694,261 | 1,550,926 | 1,474,684 | 1,200,663 | 1,260,794 | 1,601,648 |
Group Debtors | 4,772,771 | 4,763,929 | 4,754,630 | 4,745,130 | 4,745,130 | 4,734,650 | 4,683,290 | 4,610,834 | 0 | 0 | 4,385,876 | 174,443 | 118,323 |
Misc Debtors | 157,027 | 133,438 | 156,122 | 189,315 | 197,138 | 290,383 | 251,233 | 154,105 | 97,039 | 173,255 | 140,404 | 287,728 | 216,599 |
Cash | 1,786,647 | 923,110 | 1,056,374 | 377,816 | 606,777 | 458,388 | 583,876 | 132,752 | 174,792 | 451,139 | 110,909 | 325,178 | 165,331 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 10,175,378 | 9,649,332 | 9,089,412 | 8,546,041 | 8,513,604 | 8,601,100 | 8,459,709 | 7,540,889 | 2,868,645 | 3,044,808 | 6,484,706 | 2,771,187 | 2,780,323 |
total assets | 10,394,961 | 9,873,419 | 9,188,249 | 8,685,855 | 8,753,483 | 8,767,362 | 8,643,001 | 7,725,183 | 7,583,906 | 7,661,861 | 6,594,239 | 6,573,719 | 5,901,339 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 578,899 | 1,236,354 | 1,152,099 | 765,365 | 995,080 | 514,527 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 910,393 | 1,055,267 | 972,460 | 876,593 | 811,656 | 1,018,532 | 1,517,739 | 1,257,661 | 1,047,385 | 1,227,743 | 842,012 | 801,571 | 930,076 |
Group/Directors Accounts | 1,072,468 | 695,019 | 1,084,485 | 987,163 | 944,445 | 524,831 | 0 | 0 | 5,988 | 36,161 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 397,417 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 10,020 | 20,908 | 23,403 | 30,413 | 34,977 | 19,385 | 34,123 | 64,136 | 54,751 | 16,978 | 0 | 15,781 |
other current liabilities | 1,080,916 | 1,457,890 | 1,008,109 | 785,962 | 893,053 | 1,056,859 | 1,234,677 | 986,597 | 677,705 | 640,248 | 508,567 | 635,818 | 814,429 |
total current liabilities | 3,063,777 | 3,218,196 | 3,483,379 | 2,673,121 | 2,679,567 | 2,635,199 | 2,771,801 | 2,857,280 | 3,031,568 | 3,111,002 | 2,132,922 | 2,432,469 | 2,274,813 |
loans | 0 | 0 | 0 | 601,561 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 9,686 | 30,277 | 53,606 | 15,068 | 43,140 | 14,978 | 23,759 | 87,895 | 36,236 | 0 | 0 |
Accruals and Deferred Income | 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 |
provisions | 51,000 | 37,000 | 13,000 | 15,835 | 30,844 | 1,439 | 10,756 | 13,772 | 10,736 | 14,500 | 0 | 0 | 0 |
total long term liabilities | 51,000 | 37,000 | 22,686 | 647,673 | 84,450 | 16,507 | 53,896 | 28,750 | 34,495 | 102,395 | 36,236 | 0 | 0 |
total liabilities | 3,114,777 | 3,255,196 | 3,506,065 | 3,320,794 | 2,764,017 | 2,651,706 | 2,825,697 | 2,886,030 | 3,066,063 | 3,213,397 | 2,169,158 | 2,432,469 | 2,274,813 |
net assets | 7,280,184 | 6,618,223 | 5,682,184 | 5,365,061 | 5,989,466 | 6,115,656 | 5,817,304 | 4,839,153 | 4,517,843 | 4,448,464 | 4,425,081 | 4,141,250 | 3,626,526 |
total shareholders funds | 7,280,184 | 6,618,223 | 5,682,184 | 5,365,061 | 5,989,466 | 6,115,656 | 5,817,304 | 4,839,153 | 4,517,843 | 4,448,464 | 4,425,081 | 4,141,250 | 3,626,526 |
Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||
Operating Profit | 831,347 | 1,089,366 | 340,600 | -630,917 | -139,534 | 474,812 | 1,161,391 | 518,896 | 165,605 | 137,756 | 363,168 | 694,663 | 943,674 |
Depreciation | 119,050 | 90,730 | 89,797 | 130,188 | 119,310 | 149,315 | 128,627 | 110,441 | 108,567 | 68,931 | 60,654 | 101,184 | 162,317 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -169,093 | -146,832 | 2,582 | 15,009 | 17,759 | -80,228 | -228,917 | -89,342 | -12,969 | -16,706 | -26,272 | -145,651 | -254,594 |
Stock | 80,538 | 508,397 | -230,625 | 67,731 | -66,840 | 257,947 | 202,483 | -96,951 | 100,158 | 298,876 | -76,190 | 44,622 | 678,422 |
Debtors | -418,029 | 184,787 | 95,438 | 193,667 | -169,045 | 8,932 | 265,213 | 301,912 | 145,782 | 284,563 | 292,627 | 537,954 | 4,896,362 |
Creditors | -144,874 | 82,807 | 95,867 | 64,937 | -206,876 | -499,207 | 260,078 | 210,276 | -180,358 | 385,731 | 40,441 | -128,505 | 930,076 |
Accruals and Deferred Income | -376,974 | 449,781 | 222,147 | -107,091 | -163,806 | -177,818 | 248,080 | 308,892 | 37,457 | 131,681 | -127,251 | -178,611 | 814,429 |
Deferred Taxes & Provisions | 14,000 | 24,000 | -2,835 | -15,009 | 29,405 | -9,317 | -3,016 | 3,036 | -3,764 | 14,500 | 0 | 0 | 0 |
Cash flow from operations | 610,947 | 896,668 | 883,345 | -804,281 | -107,857 | -409,322 | 1,098,547 | 857,238 | -131,402 | 138,454 | 94,303 | -239,496 | -2,978,882 |
Investing Activities | |||||||||||||
capital expenditure | -212,883 | -79,090 | -31,141 | -33,674 | |||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | -212,883 | -79,090 | -31,141 | -33,674 | |||||||||
Financing Activities | |||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 377,449 | -389,466 | 97,322 | 42,718 | 419,614 | 524,831 | 0 | -5,988 | -30,173 | 36,161 | 0 | 0 | 0 |
Other Short Term Loans | 0 | -397,417 | 397,417 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | -601,561 | 601,561 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | -10,020 | -20,574 | -23,086 | -30,339 | 33,974 | -12,480 | 13,424 | -38,794 | -54,751 | 89,432 | 53,214 | -15,781 | 15,781 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||
interest | -293 | -6,495 | -26,059 | -8,497 | -4,415 | -30,906 | -48,745 | -79,148 | -83,257 | -57,327 | -53,065 | -34,288 | -27,058 |
cash flow from financing | 367,136 | -813,952 | -155,967 | 605,443 | 449,173 | 416,119 | 59,101 | -153,026 | -168,181 | 68,266 | 149 | -50,069 | 2,953,227 |
cash and cash equivalents | |||||||||||||
cash | 863,537 | -133,264 | 678,558 | -228,961 | 148,389 | -125,488 | 451,124 | -42,040 | -276,347 | 340,230 | -214,269 | 159,847 | 165,331 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -578,899 | -657,455 | 84,255 | 386,734 | -229,715 | 480,553 | 514,527 |
change in cash | 863,537 | -133,264 | 678,558 | -228,961 | 148,389 | -125,488 | 1,030,023 | 615,415 | -360,602 | -46,504 | 15,446 | -320,706 | -349,196 |
P&L
December 2022turnover
16m
+3%
operating profit
831.3k
-24%
gross margin
42%
-4.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
7.3m
+0.1%
total assets
10.4m
+0.05%
cash
1.8m
+0.94%
net assets
Total assets minus all liabilities
irsap uk limited company details
company number
03596023
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
incorporation date
July 1998
age
26
accounts
Full Accounts
ultimate parent company
previous names
radco heating ltd (May 2017)
the radiator company ltd (March 2013)
incorporated
UK
address
units 13-14 trc house, charlwoods road, east grinstead, RH19 2HU
last accounts submitted
December 2022
irsap uk 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 9 charges/mortgages relating to irsap uk limited. Currently there are 3 open charges and 6 have been satisfied in the past.
irsap uk limited Companies House Filings - See Documents
date | description | view/download |
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