Abracs Limited

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abracs limited Company Information

Live

MatureMidHealthy

Company Number

03721755

Website

www.abracs.com

Registered Address

c/o rema tip top holdings, westl, westland square, leeds, LS11 5XS

Industry

Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Telephone

01904789997

Next Accounts Due

September 2024

Group Structure

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Directors

Robert Jeffery11 Years

Mark Insley1 Years

Shareholders

abracs 2013 ltd 100%

abracs limited Estimated Valuation

£16.6m

Pomanda estimates the enterprise value of ABRACS LIMITED at £16.6m based on Net Assets of £9.1m and 1.82x industry multiple (adjusted for liquidity).

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Abracs Limited is a live company located in leeds, LS11 5XS with a Companies House number of 03721755. It operates in the agents involved in the sale of machinery, industrial equipment, ships and aircraft sector, SIC Code 46140. Founded in February 1999, it's largest shareholder is abracs 2013 ltd with a 100% stake. Abracs Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.1m with healthy growth in recent years.

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

Health Rating4out of 5

6 Strong

0 Regular

6 Weak

Size

annual sales of £11.1m, make it smaller than the average company (£14.3m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (2.7%)

EXPORT

Abracs Limited's latest turnover from December 2022 is £11.1 million and the company has net assets of £9.1 million. According to their latest financial statements, Abracs Limited has 40 employees and maintains cash reserves of £251.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	11,129,018	10,834,005	8,786,765	8,895,540	8,151,347	6,891,213	5,909,246	5,635,853	6,747,126	4,740,587	4,824,888	5,491,673	5,556,913	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,531,723	6,951,106	6,591,023	6,761,424	6,250,943	5,175,933	4,261,261	4,110,901	4,966,182	3,504,966	3,573,100	4,013,550	4,011,634	0
Gross Profit	3,597,295	3,882,899	2,195,742	2,134,116	1,900,404	1,715,280	1,647,985	1,524,952	1,780,945	1,235,621	1,251,787	1,478,124	1,545,278	0
Admin Expenses	2,412,131	1,995,977	556,006	885,962	668,156	1,676,570	907,833	800,273	960,859	509,553	559,184	1,274,737	1,573,454	-370,864
Operating Profit	1,185,164	1,886,922	1,639,736	1,248,154	1,232,248	38,710	740,152	724,679	820,086	726,068	692,603	203,387	-28,176	370,864
Interest Payable	34,514	10,919	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	665	2,017	2,519	1,433	782	1,135	1,212	815	239	327	204	116
Pre-Tax Profit	1,150,650	1,876,003	1,640,401	1,250,172	1,234,767	40,143	740,934	725,814	821,299	726,883	692,842	203,714	-27,972	370,981
Tax	-229,986	-353,125	-311,676	-237,533	-234,606	-7,627	-148,187	-145,163	-172,473	-167,183	-166,282	-52,966	0	-103,875
Profit After Tax	920,664	1,522,878	1,328,725	1,012,639	1,000,161	32,516	592,747	580,651	648,826	559,700	526,560	150,748	-27,972	267,106
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	920,664	1,522,878	1,328,725	1,012,639	1,000,161	32,516	592,747	580,651	648,826	559,700	526,560	150,748	-27,972	267,106
Employee Costs	1,419,536	1,195,905	1,504,142	1,352,312	1,397,753	1,344,562	1,276,725	1,141,178	1,010,739	617,018	639,598	768,548	781,113	0
Number Of Employees	40	35	33	30	30	30	29	27	25	16	16	20	21	0
EBITDA*	1,209,709	1,914,615	1,658,488	1,267,103	1,248,972	62,177	763,881	744,677	832,373	757,063	725,407	232,117	1,722	394,232

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	72,697	78,371	66,338	61,806	56,641	62,372	70,416	79,971	82,852	41,559	109,439	139,077	113,601	127,241
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	72,697	78,371	66,338	61,806	56,641	62,372	70,416	79,971	82,852	41,559	109,439	139,077	113,601	127,241
Stock & work in progress	2,481,947	2,808,010	1,659,668	1,886,750	1,385,413	1,379,910	1,014,259	1,052,232	939,732	575,205	623,651	516,354	729,232	458,205
Trade Debtors	2,319,147	2,141,915	2,006,692	1,886,655	1,734,272	1,428,673	1,325,840	1,125,008	1,582,127	1,040,870	913,379	936,597	788,735	660,411
Group Debtors	6,199,713	5,359,697	2,690,478	1,972,762	1,377,621	753,859	1,098,824	602,270	0	0	0	0	36,847	32,003
Misc Debtors	74,122	94,438	142,510	222,674	129,496	146,242	100,105	138,567	0	0	0	0	0	0
Cash	251,201	286,437	1,220,676	108,831	429,163	242,483	330,815	294,879	159,056	325,927	63	95,484	35,210	46,560
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	11,326,130	10,690,497	7,720,024	6,077,672	5,055,965	3,951,167	3,869,843	3,212,956	2,680,915	1,942,002	1,537,093	1,548,435	1,590,024	1,197,179
total assets	11,398,827	10,768,868	7,786,362	6,139,478	5,112,606	4,013,539	3,940,259	3,292,927	2,763,767	1,983,561	1,646,532	1,687,512	1,703,625	1,324,420
Bank overdraft	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
Trade Creditors	168,210	243,147	392,301	316,623	442,863	406,208	284,696	253,134	626,861	505,557	726,307	1,226,537	1,388,859	653,621
Group/Directors Accounts	275,000	0	0	0	0	0	0	0	0	0	0	0	0	271,933
other short term finances	916,339	1,541,374	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	909,273	775,134	710,781	469,285	331,105	267,877	347,265	322,782	0	0	0	0	0	0
total current liabilities	2,268,822	2,559,655	1,103,082	785,908	773,968	674,085	631,961	575,916	626,861	505,557	726,307	1,226,537	1,388,859	925,554
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	64,239	66,996	125,932
provisions	13,956	13,828	10,773	9,788	7,495	8,472	9,832	11,292	11,838	1,762	3,683	6,754	8,536	5,728
total long term liabilities	13,956	13,828	10,773	9,788	7,495	8,472	9,832	11,292	11,838	1,762	3,683	70,993	75,532	131,660
total liabilities	2,282,778	2,573,483	1,113,855	795,696	781,463	682,557	641,793	587,208	638,699	507,319	729,990	1,297,530	1,464,391	1,057,214
net assets	9,116,049	8,195,385	6,672,507	5,343,782	4,331,143	3,330,982	3,298,466	2,705,719	2,125,068	1,476,242	916,542	389,982	239,234	267,206
total shareholders funds	9,116,049	8,195,385	6,672,507	5,343,782	4,331,143	3,330,982	3,298,466	2,705,719	2,125,068	1,476,242	916,542	389,982	239,234	267,206

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	1,185,164	1,886,922	1,639,736	1,248,154	1,232,248	38,710	740,152	724,679	820,086	726,068	692,603	203,387	-28,176	370,864
Depreciation	24,545	27,693	18,752	18,949	16,724	23,467	23,729	19,998	12,287	30,995	32,804	28,730	29,898	23,368
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-229,986	-353,125	-311,676	-237,533	-234,606	-7,627	-148,187	-145,163	-172,473	-167,183	-166,282	-52,966	0	-103,875
Stock	-326,063	1,148,342	-227,082	501,337	5,503	365,651	-37,973	112,500	364,527	-48,446	107,297	-212,878	271,027	458,205
Debtors	996,932	2,756,370	757,589	840,702	912,615	-195,995	658,924	283,718	541,257	127,491	-23,218	111,015	133,168	692,414
Creditors	-74,937	-149,154	75,678	-126,240	36,655	121,512	31,562	-373,727	121,304	-220,750	-500,230	-162,322	735,238	653,621
Accruals and Deferred Income	134,139	64,353	241,496	138,180	63,228	-79,388	24,483	322,782	0	0	0	0	0	0
Deferred Taxes & Provisions	128	3,055	985	2,293	-977	-1,360	-1,460	-546	10,076	-1,921	-3,071	-1,782	2,808	5,728
Cash flow from operations	368,184	-2,424,968	1,134,464	-298,236	195,154	-74,342	49,328	151,805	-114,504	288,164	-28,255	116,910	335,573	-200,913
Investing Activities
capital expenditure	0	0	-23,284	-24,114	-10,993	-15,423	-14,174	-17,117	-53,580	36,885	-3,166	-54,206	-16,258	-150,609
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-23,284	-24,114	-10,993	-15,423	-14,174	-17,117	-53,580	36,885	-3,166	-54,206	-16,258	-150,609
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	275,000	0	0	0	0	0	0	0	0	0	0	0	-271,933	271,933
Other Short Term Loans	-625,035	1,541,374	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	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-64,239	-2,757	-58,936	125,932
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-34,514	-10,919	665	2,017	2,519	1,433	782	1,135	1,212	815	239	327	204	116
cash flow from financing	-384,549	1,530,455	665	2,017	2,519	1,433	782	1,135	1,212	815	-64,000	-2,430	-330,665	398,081
cash and cash equivalents
cash	-35,236	-934,239	1,111,845	-320,332	186,680	-88,332	35,936	135,823	-166,871	325,864	-95,421	60,274	-11,350	46,560
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-35,236	-934,239	1,111,845	-320,332	186,680	-88,332	35,936	135,823	-166,871	325,864	-95,421	60,274	-11,350	46,560

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ABRACS LIMITED group structure

Abracs Limited has no subsidiary companies.

Ultimate parent company

OWG BETEILIGUNGS AG

#0098410

ABRACS 2013 LIMITED

08460696

2 parents

ABRACS LIMITED

03721755

ABRACS LIMITED Shareholders

abracs 2013 ltd

100%

Abracs Limited currently has 2 directors. The longest serving directors include Mr Robert Jeffery (Apr 2013) and Mr Mark Insley (Jan 2023).

officer	country	age	start	end	role
Mr Robert Jeffery	England	44 years	Apr 2013	-	Director
Mr Mark Insley	United Kingdom	64 years	Jan 2023	-	Director

P&L

December 2022

turnover

11.1m

+3%

operating profit

1.2m

-37%

gross margin

32.4%

-9.81%

turnover

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

Balance Sheet

December 2022

net assets

9.1m

+0.11%

total assets

11.4m

+0.06%

cash

251.2k

-0.12%

net assets

Total assets minus all liabilities

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company number

03721755

Type

Private limited with Share Capital

industry

46140 - Agents involved in the sale of machinery, industrial equipment, ships and aircraft

incorporation date

February 1999

age

accounts

Full Accounts

ultimate parent company

OWG BETEILIGUNGS AG

previous names

N/A

incorporated

address

c/o rema tip top holdings, westl, westland square, leeds, LS11 5XS

last accounts submitted

December 2022

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 abracs limited. Currently there are 2 open charges and 7 have been satisfied in the past.

abracs limited Company Information

abracs limited Estimated Valuation

abracs limited Estimated Valuation

abracs limited Estimated Valuation

Abracs Limited Overview

Abracs Limited Health Check

ABRACS LIMITED financials

abracs limited Credit Report and Business Information

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abracs limited Ownership

abracs limited directors

abracs limited company details

abracs limited Charges & Mortgages

abracs limited Companies House Filings - See Documents