irsap uk limited

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irsap uk limited Company Information

Share IRSAP UK LIMITED
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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

Directors

Marco Rossi7 Years

Fabrizio Rossi7 Years

View All

Shareholders

radco ltd 100%

irsap uk limited Estimated Valuation

£7.6m

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

£4.9m

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

£11m

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).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

Irsap Uk Limited AI Business Plan

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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

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

6 Regular

positive_score

0 Weak

size

Size

annual sales of £16m, make it in line with the average company (£14.6m)

£16m - Irsap Uk Limited

£14.6m - Industry AVG

growth

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

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

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

Employees

with 49 employees, this is above the industry average (40)

49 - Irsap Uk Limited

40 - Industry AVG

paystructure

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

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

debtordays

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

creditordays

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

stockdays

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

cashbalance

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

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Irsap Uk Limited Competitor Analysis

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irsap uk limited Ownership

IRSAP UK LIMITED group structure

Irsap Uk Limited has no subsidiary companies.

Ultimate parent company

IRSAP SA

#0100728

2 parents

IRSAP UK LIMITED

03596023

IRSAP UK LIMITED Shareholders

radco ltd 100%

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).

officercountryagestartendrole
Mr Marco Rossi33 years Mar 2017- Director
Mr Fabrizio Rossi62 years Mar 2017- Director
Mr Marco Monesi58 years Mar 2017- Director
Mr Andrew Phillips54 years Jun 2018- Director
Mr Francesco Pilotto47 years Aug 2020- Director
Mr Francesco Pilotto47 years Aug 2020- Director

IRSAP UK LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover15,988,90815,519,34210,301,49110,914,35310,822,66217,341,55811,351,95110,562,5089,930,0167,603,6087,453,1188,420,3568,955,007
Other Income Or Grants0000000000000
Cost Of Sales9,285,6298,717,8845,750,9696,224,8556,081,9039,279,8165,416,4735,364,8495,319,5523,844,7563,759,1754,190,5974,392,676
Gross Profit6,703,2796,801,4584,550,5224,689,4984,740,7598,061,7425,935,4785,197,6594,610,4643,758,8523,693,9434,229,7594,562,331
Admin Expenses5,871,9325,712,0924,209,9225,320,4154,880,2937,586,9304,774,0874,678,7634,444,8593,621,0963,330,7753,535,0963,618,657
Operating Profit831,3471,089,366340,600-630,917-139,534474,8121,161,391518,896165,605137,756363,168694,663943,674
Interest Payable2936,49526,0598,4974,41530,90648,74579,14883,25757,32753,06534,28827,058
Interest Receivable0000000000000
Pre-Tax Profit831,0541,082,871314,541-639,414-143,949443,9061,112,646439,74882,34840,089310,103660,375916,616
Tax-169,093-146,8322,58215,00917,759-80,228-228,917-89,342-12,969-16,706-26,272-145,651-254,594
Profit After Tax661,961936,039317,123-624,405-126,190363,678883,729350,40669,37923,383283,831514,724662,022
Dividends Paid0000000000000
Retained Profit661,961936,039317,123-624,405-126,190363,678883,729350,40669,37923,383283,831514,724662,022
Employee Costs1,901,0651,782,3071,645,1941,675,5701,621,5402,487,6931,711,6631,623,9561,531,9611,281,1611,109,0481,167,4201,121,675
Number Of Employees49444646454748474641354141
EBITDA*950,3971,180,096430,397-500,729-20,224624,1271,290,018629,337274,172206,687423,822795,8471,105,991

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets219,583224,08798,837139,814239,879166,262183,292184,294205,938253,486109,53391,181161,224
Intangible Assets0000000000000
Investments & Other0000000000000
Debtors (Due After 1 year)000000004,509,3234,363,56703,711,3512,959,792
Total Fixed Assets219,583224,08798,837139,814239,879166,262183,292184,2944,715,2614,617,053109,5333,802,5323,121,016
Stock & work in progress1,768,5681,688,0301,179,6331,410,2581,342,5271,409,3671,151,420948,9371,045,888945,730646,854723,044678,422
Trade Debtors1,690,3652,140,8251,942,6531,823,5221,622,0321,708,3121,789,8901,694,2611,550,9261,474,6841,200,6631,260,7941,601,648
Group Debtors4,772,7714,763,9294,754,6304,745,1304,745,1304,734,6504,683,2904,610,834004,385,876174,443118,323
Misc Debtors157,027133,438156,122189,315197,138290,383251,233154,10597,039173,255140,404287,728216,599
Cash1,786,647923,1101,056,374377,816606,777458,388583,876132,752174,792451,139110,909325,178165,331
misc current assets0000000000000
total current assets10,175,3789,649,3329,089,4128,546,0418,513,6048,601,1008,459,7097,540,8892,868,6453,044,8086,484,7062,771,1872,780,323
total assets10,394,9619,873,4199,188,2498,685,8558,753,4838,767,3628,643,0017,725,1837,583,9067,661,8616,594,2396,573,7195,901,339
Bank overdraft0000000578,8991,236,3541,152,099765,365995,080514,527
Bank loan0000000000000
Trade Creditors 910,3931,055,267972,460876,593811,6561,018,5321,517,7391,257,6611,047,3851,227,743842,012801,571930,076
Group/Directors Accounts1,072,468695,0191,084,485987,163944,445524,831005,98836,161000
other short term finances00397,4170000000000
hp & lease commitments010,02020,90823,40330,41334,97719,38534,12364,13654,75116,978015,781
other current liabilities1,080,9161,457,8901,008,109785,962893,0531,056,8591,234,677986,597677,705640,248508,567635,818814,429
total current liabilities3,063,7773,218,1963,483,3792,673,1212,679,5672,635,1992,771,8012,857,2803,031,5683,111,0022,132,9222,432,4692,274,813
loans000601,561000000000
hp & lease commitments009,68630,27753,60615,06843,14014,97823,75987,89536,23600
Accruals and Deferred Income0000000000000
other liabilities0000000000000
provisions51,00037,00013,00015,83530,8441,43910,75613,77210,73614,500000
total long term liabilities51,00037,00022,686647,67384,45016,50753,89628,75034,495102,39536,23600
total liabilities3,114,7773,255,1963,506,0653,320,7942,764,0172,651,7062,825,6972,886,0303,066,0633,213,3972,169,1582,432,4692,274,813
net assets7,280,1846,618,2235,682,1845,365,0615,989,4666,115,6565,817,3044,839,1534,517,8434,448,4644,425,0814,141,2503,626,526
total shareholders funds7,280,1846,618,2235,682,1845,365,0615,989,4666,115,6565,817,3044,839,1534,517,8434,448,4644,425,0814,141,2503,626,526
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit831,3471,089,366340,600-630,917-139,534474,8121,161,391518,896165,605137,756363,168694,663943,674
Depreciation119,05090,73089,797130,188119,310149,315128,627110,441108,56768,93160,654101,184162,317
Amortisation0000000000000
Tax-169,093-146,8322,58215,00917,759-80,228-228,917-89,342-12,969-16,706-26,272-145,651-254,594
Stock80,538508,397-230,62567,731-66,840257,947202,483-96,951100,158298,876-76,19044,622678,422
Debtors-418,029184,78795,438193,667-169,0458,932265,213301,912145,782284,563292,627537,9544,896,362
Creditors-144,87482,80795,86764,937-206,876-499,207260,078210,276-180,358385,73140,441-128,505930,076
Accruals and Deferred Income-376,974449,781222,147-107,091-163,806-177,818248,080308,89237,457131,681-127,251-178,611814,429
Deferred Taxes & Provisions14,00024,000-2,835-15,00929,405-9,317-3,0163,036-3,76414,500000
Cash flow from operations610,947896,668883,345-804,281-107,857-409,3221,098,547857,238-131,402138,45494,303-239,496-2,978,882
Investing Activities
capital expenditure-114,546-215,980-48,820-30,123-192,927-132,285-127,625-88,797-61,019-212,883-79,090-31,141-33,674
Change in Investments0000000000000
cash flow from investments-114,546-215,980-48,820-30,123-192,927-132,285-127,625-88,797-61,019-212,883-79,090-31,141-33,674
Financing Activities
Bank loans0000000000000
Group/Directors Accounts377,449-389,46697,32242,718419,614524,8310-5,988-30,17336,161000
Other Short Term Loans 0-397,417397,4170000000000
Long term loans00-601,561601,561000000000
Hire Purchase and Lease Commitments-10,020-20,574-23,086-30,33933,974-12,48013,424-38,794-54,75189,43253,214-15,78115,781
other long term liabilities0000000000000
share issue00000-65,32694,422-29,09600002,964,504
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 financing367,136-813,952-155,967605,443449,173416,11959,101-153,026-168,18168,266149-50,0692,953,227
cash and cash equivalents
cash863,537-133,264678,558-228,961148,389-125,488451,124-42,040-276,347340,230-214,269159,847165,331
overdraft000000-578,899-657,45584,255386,734-229,715480,553514,527
change in cash863,537-133,264678,558-228,961148,389-125,4881,030,023615,415-360,602-46,50415,446-320,706-349,196

P&L

December 2022

turnover

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 2022

net 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

IRSAP SA

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.

charges

irsap uk limited Companies House Filings - See Documents

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