Askew & Son Building Contractors Limited

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askew & son building contractors limited Company Information

Live (In Liquidation)

MatureSmallHealthy

Company Number

03734211

Website

Registered Address

suite 2, 2nd floor, phoenix house, 32 west street, brighton, BN1 2RT

Industry

Construction of commercial buildings

Telephone

Next Accounts Due

July 2024

Group Structure

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Directors

Judy Askew24 Years

Gary Askew21 Years

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Shareholders

gary askew 50%

judy askew 40%

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askew & son building contractors limited Estimated Valuation

£262.8k

Pomanda estimates the enterprise value of ASKEW & SON BUILDING CONTRACTORS LIMITED at £262.8k based on a Turnover of £770.1k and 0.34x industry multiple (adjusted for size and gross margin).

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Askew & Son Building Contractors Limited is a live company located in 32 west street, BN1 2RT with a Companies House number of 03734211. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in March 1999, it's largest shareholder is gary askew with a 50% stake. Askew & Son Building Contractors Limited is a mature, small sized company, Pomanda has estimated its turnover at £770.1k with healthy growth in recent years.

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Pomanda's financial health check has awarded Askew & Son Building Contractors Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £770.1k, make it smaller than the average company (£9.4m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3.4%)

EXPORT

Askew & Son Building Contractors Limited's latest turnover from October 2022 is estimated at £770.1 thousand and the company has net assets of £63 thousand. According to their latest financial statements, Askew & Son Building Contractors Limited has 3 employees and maintains cash reserves of £968 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	770,063	553,431	698,608	564,499	671,431	1,744,071	2,358,402	823,397	764,492	496,100	1,110,896	1,187,473	474,875	964,515
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	660,669	476,017	601,113	478,169	560,533	1,588,190	1,984,785	638,181	602,543	355,368	975,131	777,924	346,470	699,952
Gross Profit	109,394	77,414	97,495	86,330	110,898	155,881	373,617	185,216	161,949	140,732	135,765	409,549	128,405	264,563
Admin Expenses	48,082	100,849	135,027	140,007	104,841	149,207	130,427	134,300	115,978	109,638	128,547	111,042	134,696	120,323
Operating Profit	61,312	-23,435	-37,532	-53,677	6,057	6,674	243,190	50,916	45,971	31,094	7,218	298,507	-6,291	144,240
Interest Payable	8,064	4,650	2,669	759	1,440	2,156	3,252	7,918	3,929	2,199	1,333	1,454	1,401	1,264
Interest Receivable	22	34	41	620	0	0	0	0	0	2	44	29	0	2,267
Pre-Tax Profit	53,269	-28,051	-40,160	-53,816	4,617	4,518	239,938	42,998	42,042	28,897	5,929	297,082	-7,692	145,243
Tax	-10,121	0	0	0	-1,278	-5,161	-48,402	-9,982	-10,120	-6,210	-2,317	-60,546	-197	-31,976
Profit After Tax	43,148	-28,051	-40,160	-53,816	3,339	-643	191,536	33,016	31,922	22,687	3,612	236,536	-7,889	113,267
Dividends Paid	0	0	0	0	0	0	48,000	10,000	20,500	0	0	160,000	81,100	104,200
Retained Profit	43,148	-28,051	-40,160	-53,816	3,339	-643	143,536	23,016	11,422	22,687	3,612	76,536	-88,989	9,067
Employee Costs	152,455	144,032	148,301	145,200	141,482	134,660	174,427	123,146	119,998	77,744	191,049	187,429	111,218	0
Number Of Employees	3	3	3	3	3	3	4	3	3	2	5	5	3	0
EBITDA*	61,396	-23,435	-37,189	-53,252	6,501	7,872	244,997	53,454	49,873	38,357	14,361	307,071	1,317	154,685

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	166	0	0	343	767	1,211	3,706	5,513	11,848	20,490	21,100	26,129	22,693	30,301
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	166	0	0	343	767	1,211	3,706	5,513	11,848	20,490	21,100	26,129	22,693	30,301
Stock & work in progress	48,000	42,000	29,000	19,375	22,000	20,500	29,000	51,000	30,500	31,700	0	0	2,500	3,000
Trade Debtors	180,000	104,469	134,000	89,794	9,355	156,468	366,672	260,046	168,923	103,794	38,233	56,110	48,014	21,811
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	19,475	19,210
Misc Debtors	65,647	36,507	31,564	29,838	6,311	1,754	25,534	39,411	87,289	71,911	180,196	19,810	114	60,367
Cash	968	981	66,665	14,620	150,633	207,565	128,972	1,737	279	24	2,822	172,405	4,011	53,432
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	294,615	183,957	261,229	153,627	188,299	386,287	550,178	352,194	286,991	207,429	221,251	248,325	74,114	157,820
total assets	294,781	183,957	261,229	153,970	189,066	387,498	553,884	357,707	298,839	227,919	242,351	274,454	96,807	188,121
Bank overdraft	81,466	50,961	19,747	22,483	0	9,082	13,626	46,028	97,322	62,683	40,746	0	48,744	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,733	3,681	10,046	12,972	26,600	90,017	58,967	93,463	2,644	5,230	49,649	46,821	32,236	41,262
Group/Directors Accounts	0	15,106	15,106	15,106	0	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	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	2,799	3,908	3,908	3,908	4,216
other current liabilities	43,840	57,898	123,153	15,348	20,589	69,861	193,027	59,861	58,222	54,210	68,877	144,258	5,079	42,905
total current liabilities	127,039	127,646	168,052	65,909	47,189	168,960	265,620	199,352	158,188	124,922	163,180	194,987	89,967	88,383
loans	26,612	36,461	45,276	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	1,790	651	4,559	8,466	12,375
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	78,100	0	0	0	0	0	9,083	22,710	28,022	0	0	0	0	0
provisions	32	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	104,744	36,461	45,276	0	0	0	9,083	22,710	28,022	1,790	651	4,559	8,466	12,375
total liabilities	231,783	164,107	213,328	65,909	47,189	168,960	274,703	222,062	186,210	126,712	163,831	199,546	98,433	100,758
net assets	62,998	19,850	47,901	88,061	141,877	218,538	279,181	135,645	112,629	101,207	78,520	74,908	-1,626	87,363
total shareholders funds	62,998	19,850	47,901	88,061	141,877	218,538	279,181	135,645	112,629	101,207	78,520	74,908	-1,626	87,363

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	61,312	-23,435	-37,532	-53,677	6,057	6,674	243,190	50,916	45,971	31,094	7,218	298,507	-6,291	144,240
Depreciation	84	0	343	425	444	1,198	1,807	2,538	3,902	7,263	7,143	8,564	7,608	10,445
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-10,121	0	0	0	-1,278	-5,161	-48,402	-9,982	-10,120	-6,210	-2,317	-60,546	-197	-31,976
Stock	6,000	13,000	9,625	-2,625	1,500	-8,500	-22,000	20,500	-1,200	31,700	0	-2,500	-500	3,000
Debtors	104,671	-24,588	45,932	103,966	-142,556	-233,984	92,749	43,245	80,507	-42,724	142,509	8,317	-33,785	101,388
Creditors	-1,948	-6,365	-2,926	-13,628	-63,417	31,050	-34,496	90,819	-2,586	-44,419	2,828	14,585	-9,026	41,262
Accruals and Deferred Income	-14,058	-65,255	107,805	-5,241	-49,272	-123,166	133,166	1,639	4,012	-14,667	-75,381	139,179	-37,826	42,905
Deferred Taxes & Provisions	32	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-75,370	-83,467	12,133	-173,462	33,590	153,079	224,516	72,185	-38,128	-15,915	-203,018	394,472	-11,447	102,488
Investing Activities
capital expenditure	-250	0	0	-1	0	1,297	0	3,797	4,740	-6,653	-2,114	-12,000	0	-40,746
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-250	0	0	-1	0	1,297	0	3,797	4,740	-6,653	-2,114	-12,000	0	-40,746
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-15,106	0	0	15,106	0	0	0	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	-9,849	-8,815	45,276	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	-4,589	30	-3,908	-3,907	-4,217	16,591
other long term liabilities	78,100	0	0	0	0	-9,083	-13,627	-5,312	28,022	0	0	0	0	0
share issue	0	0	0	0	-80,000	-60,000	0	0	0	0	0	-2	0	78,296
interest	-8,042	-4,616	-2,628	-139	-1,440	-2,156	-3,252	-7,918	-3,929	-2,197	-1,289	-1,425	-1,401	1,003
cash flow from financing	45,103	-13,431	42,648	14,967	-81,440	-71,239	-16,879	-13,230	19,504	-2,167	-5,197	-5,334	-5,618	95,890
cash and cash equivalents
cash	-13	-65,684	52,045	-136,013	-56,932	78,593	127,235	1,458	255	-2,798	-169,583	168,394	-49,421	53,432
overdraft	30,505	31,214	-2,736	22,483	-9,082	-4,544	-32,402	-51,294	34,639	21,937	40,746	-48,744	48,744	0
change in cash	-30,518	-96,898	54,781	-158,496	-47,850	83,137	159,637	52,752	-34,384	-24,735	-210,329	217,138	-98,165	53,432

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ASKEW & SON BUILDING CONTRACTORS LIMITED group structure

Askew & Son Building Contractors Limited has no subsidiary companies.

Ultimate parent company

ASKEW & SON BUILDING CONTRACTORS LIMITED

03734211

ASKEW & SON BUILDING CONTRACTORS LIMITED Shareholders

gary askew	50%
judy askew	40%
raymond askew	10%

Askew & Son Building Contractors Limited currently has 3 directors. The longest serving directors include Ms Judy Askew (Oct 1999) and Mr Gary Askew (May 2003).

officer	age	start	end	role
Ms Judy Askew	66 years	Oct 1999	-	Director
Mr Gary Askew	69 years	May 2003	-	Director
Mr Raymond Askew	71 years	Apr 2004	-	Director

P&L

October 2022

turnover

770.1k

+39%

operating profit

61.3k

gross margin

14.3%

+1.56%

turnover

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

Balance Sheet

October 2022

net assets

63k

+2.17%

total assets

294.8k

+0.6%

cash

968

-0.01%

net assets

Total assets minus all liabilities

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company number

03734211

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

March 1999

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

suite 2, 2nd floor, phoenix house, 32 west street, brighton, BN1 2RT

last accounts submitted

October 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 1 charges/mortgages relating to askew & son building contractors limited. Currently there are 1 open charges and 0 have been satisfied in the past.

askew & son building contractors limited Company Information

askew & son building contractors limited Estimated Valuation

askew & son building contractors limited Estimated Valuation

askew & son building contractors limited Estimated Valuation

Askew & Son Building Contractors Limited Overview

Askew & Son Building Contractors Limited Health Check

ASKEW & SON BUILDING CONTRACTORS LIMITED financials

askew & son building contractors limited Credit Report and Business Information

Askew & Son Building Contractors Limited Competitor Analysis

askew & son building contractors limited Ownership

askew & son building contractors limited directors

askew & son building contractors limited company details

askew & son building contractors limited Charges & Mortgages

askew & son building contractors limited Companies House Filings - See Documents