bexleyheath v.e. limited

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bexleyheath v.e. limited Company Information

Share BEXLEYHEATH V.E. LIMITED

Company Number

03754942

Directors

Scott Clark

Stephen Noble

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Shareholders

abbeyfield ve ltd

scott clark

Group Structure

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Industry

Other personal service activities n.e.c.

 

Registered Address

mere way, ruddington fields business park, nottingham, nottinghamshire, NG11 6NZ

bexleyheath v.e. limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of BEXLEYHEATH V.E. LIMITED at £1.3m based on a Turnover of £1.4m and 0.99x industry multiple (adjusted for size and gross margin).

bexleyheath v.e. limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of BEXLEYHEATH V.E. LIMITED at £1.5m based on an EBITDA of £227k and a 6.51x industry multiple (adjusted for size and gross margin).

bexleyheath v.e. limited Estimated Valuation

£745.6k

Pomanda estimates the enterprise value of BEXLEYHEATH V.E. LIMITED at £745.6k based on Net Assets of £380k and 1.96x industry multiple (adjusted for liquidity).

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Bexleyheath V.e. Limited Overview

Bexleyheath V.e. Limited is a live company located in nottingham, NG11 6NZ with a Companies House number of 03754942. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in April 1999, it's largest shareholder is abbeyfield ve ltd with a 50% stake. Bexleyheath V.e. Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with high growth in recent years.

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Bexleyheath V.e. Limited Health Check

Pomanda's financial health check has awarded Bexleyheath V.E. Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

4 Strong

positive_score

7 Regular

positive_score

1 Weak

size

Size

annual sales of £1.4m, make it in line with the average company (£1.2m)

£1.4m - Bexleyheath V.e. Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (7.9%)

22% - Bexleyheath V.e. Limited

7.9% - Industry AVG

production

Production

with a gross margin of 72.4%, this company has a lower cost of product (41.7%)

72.4% - Bexleyheath V.e. Limited

41.7% - Industry AVG

profitability

Profitability

an operating margin of 13.7% make it more profitable than the average company (6.4%)

13.7% - Bexleyheath V.e. Limited

6.4% - Industry AVG

employees

Employees

with 12 employees, this is similar to the industry average (15)

12 - Bexleyheath V.e. Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £30.9k, the company has an equivalent pay structure (£34.5k)

£30.9k - Bexleyheath V.e. Limited

£34.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £113.3k, this is equally as efficient (£104.4k)

£113.3k - Bexleyheath V.e. Limited

£104.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 34 days, this is near the average (31 days)

34 days - Bexleyheath V.e. Limited

31 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 87 days, this is slower than average (40 days)

87 days - Bexleyheath V.e. Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 40 days, this is in line with average (40 days)

40 days - Bexleyheath V.e. Limited

40 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (38 weeks)

1 weeks - Bexleyheath V.e. Limited

38 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 47.2%, this is a similar level of debt than the average (48.1%)

47.2% - Bexleyheath V.e. Limited

48.1% - Industry AVG

BEXLEYHEATH V.E. LIMITED financials

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Bexleyheath V.E. Limited's latest turnover from December 2023 is £1.4 million and the company has net assets of £380 thousand. According to their latest financial statements, Bexleyheath V.E. Limited has 12 employees and maintains cash reserves of £8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover1,360,0001,275,0001,067,000748,000911,000944,000876,000881,000868,000810,000765,000732,000751,000687,000727,000
Other Income Or Grants
Cost Of Sales376,000370,000285,000204,000261,000251,000221,000235,000231,000220,000225,000220,000210,000191,000188,000
Gross Profit984,000905,000782,000544,000650,000693,000655,000646,000637,000590,000540,000512,000541,000496,000539,000
Admin Expenses798,000744,000633,000401,000651,000620,000576,000576,000537,000516,000521,000505,000536,000497,000520,000
Operating Profit186,000161,000149,000143,000-1,00073,00079,00070,000100,00074,00019,0007,0005,000-1,00019,000
Interest Payable8,0002,0001,0001,0002,0002,0001,0001,0008,0003,000
Interest Receivable19,0003,0001,0001,0001,00014,0001,000
Pre-Tax Profit197,000162,000149,000143,00074,00079,00069,00099,00072,00017,0007,00018,000-9,00017,000
Tax-46,000-30,000-30,000-27,000-15,000-13,000-16,000-19,000-16,000-4,000-7,000-2,000-9,000
Profit After Tax151,000132,000119,000116,00059,00066,00053,00080,00056,00013,00016,000-9,0008,000
Dividends Paid75,00085,00035,00010,00030,00060,00015,00090,00060,000
Retained Profit76,00047,00084,000106,000-30,000-1,00051,000-37,00020,00056,00013,00016,000-9,0008,000
Employee Costs371,000353,000332,000274,000332,000311,000226,000217,000183,000177,000140,000150,000152,000140,000200,000
Number Of Employees1212101012111097777778
EBITDA*227,000205,000163,000151,00010,00085,00092,00085,000117,00094,00037,00024,00022,00018,00043,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets184,000221,000202,00033,00035,00042,00033,00044,00044,00061,00071,00073,00085,00091,00039,000
Intangible Assets
Investments & Other
Debtors (Due After 1 year)44,0003,000
Total Fixed Assets228,000224,000202,00033,00035,00042,00033,00044,00044,00061,00071,00073,00085,00091,00039,000
Stock & work in progress42,00036,00035,00032,00036,00034,00034,00039,00048,00034,00047,00047,00051,00049,00044,000
Trade Debtors128,00039,00072,00044,00039,00031,00024,00022,00028,00016,00016,00012,00012,00012,00014,000
Group Debtors284,000305,000202,000219,00047,00087,00059,00013,00028,0004,00036,000
Misc Debtors29,00028,00021,00013,00023,00016,00046,00048,00024,00053,00048,00050,00047,00060,00045,000
Cash8,0007,0003,0003,0004,0003,00012,0005,0001,000
misc current assets
total current assets491,000415,000333,000311,000149,000171,000175,000127,000129,000107,000111,000109,000110,000121,000139,000
total assets719,000639,000535,000344,000184,000213,000208,000171,000173,000168,000182,000182,000195,000212,000178,000
Bank overdraft
Bank loan
Trade Creditors 90,00074,000173,00091,00066,00057,00061,00055,00024,00045,00038,00033,00053,00045,00031,000
Group/Directors Accounts81,00080,00018,00016,00018,00015,0006,0008,0009,0007,00086,00090,00061,00099,00066,000
other short term finances
hp & lease commitments1,0003,0003,0003,0003,0002,00011,00010,0001,0007,000
other current liabilities120,00076,00069,00064,00032,00042,00039,00050,00043,00039,00048,00050,00063,00064,00047,000
total current liabilities291,000230,000260,000171,000116,000115,000109,000116,00079,00094,000174,000184,000187,000209,000151,000
loans22,00080,000
hp & lease commitments4,0007,00010,0002,00013,0001,000
Accruals and Deferred Income12,0001,0001,0001,0001,0004,0003,000
other liabilities
provisions14,00024,00018,0001,00024,00038,000
total long term liabilities48,000105,00018,0001,0001,0001,0008,00010,00010,0003,00013,00024,00039,000
total liabilities339,000335,000278,000171,000117,000116,000110,000124,00089,000104,000174,000187,000200,000233,000190,000
net assets380,000304,000257,000173,00067,00097,00098,00047,00084,00064,0008,000-5,000-5,000-21,000-12,000
total shareholders funds380,000304,000257,000173,00067,00097,00098,00047,00084,00064,0008,000-5,000-5,000-21,000-12,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit186,000161,000149,000143,000-1,00073,00079,00070,000100,00074,00019,0007,0005,000-1,00019,000
Depreciation41,00044,00014,0008,00011,00012,00013,00015,00017,00020,00018,00017,00017,00019,00024,000
Amortisation
Tax-46,000-30,000-30,000-27,000-15,000-13,000-16,000-19,000-16,000-4,000-7,000-2,000-9,000
Stock6,0001,0003,000-4,0002,000-5,000-9,00014,000-13,000-4,0002,0005,00044,000
Debtors110,00080,00019,000167,000-25,0005,00046,0003,0007,0009,0002,0003,000-13,000-23,00095,000
Creditors16,000-99,00082,00025,0009,000-4,0006,00031,000-21,0007,0005,000-20,0008,00014,00031,000
Accruals and Deferred Income55,0008,0005,00031,000-10,0003,000-14,0008,0007,000-9,000-2,000-13,000-1,00017,00047,000
Deferred Taxes & Provisions-10,0006,00018,000-1,0001,000-24,000-14,00038,000
Cash flow from operations126,0009,000216,00017,00032,00064,00030,000114,00063,00080,00033,000-14,00014,00053,00011,000
Investing Activities
capital expenditure-4,000-63,000-183,000-6,000-4,000-21,000-2,000-15,000-10,000-16,000-5,000-11,000-56,000-5,000
Change in Investments
cash flow from investments-4,000-63,000-183,000-6,000-4,000-21,000-2,000-15,000-10,000-16,000-5,000-11,000-56,000-5,000
Financing Activities
Bank loans
Group/Directors Accounts1,00062,0002,000-2,0003,0009,000-2,000-1,0002,000-79,000-4,00029,000-38,00033,00066,000
Other Short Term Loans
Long term loans-58,00080,000
Hire Purchase and Lease Commitments-1,000-2,000-4,000-3,000-3,00011,000-11,000-10,00022,000-7,0008,000
other long term liabilities
share issue-20,000
interest11,0001,0001,0001,000-1,000-1,000-2,000-2,00013,000-8,000-2,000
cash flow from financing-46,000143,0002,000-2,0003,0008,000-6,000-5,000-2,000-70,000-17,00019,000-3,00018,00052,000
cash and cash equivalents
cash1,0004,000-1,0001,000-9,0007,0004,0001,000
overdraft
change in cash1,0004,000-1,0001,000-9,0007,0004,0001,000

bexleyheath v.e. 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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Bexleyheath V.e. Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for bexleyheath v.e. limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in NG11 area or any other competitors across 12 key performance metrics.

bexleyheath v.e. limited Ownership

BEXLEYHEATH V.E. LIMITED group structure

Bexleyheath V.E. Limited has no subsidiary companies.

Ultimate parent company

BEXLEYHEATH V.E. LIMITED

03754942

BEXLEYHEATH V.E. LIMITED Shareholders

abbeyfield ve ltd 50%
scott clark 50%

bexleyheath v.e. limited directors

Bexleyheath V.E. Limited currently has 4 directors. The longest serving directors include Mr Scott Clark (Jun 2000) and Mr Stephen Noble (Jan 2013).

officercountryagestartendrole
Mr Scott ClarkEngland57 years Jun 2000- Director
Mr Stephen NobleEngland65 years Jan 2013- Director
Mr Ranald Allan60 years Jan 2013- Director
Mr Omar Hassan48 years Jan 2013- Director

P&L

December 2023

turnover

1.4m

+7%

operating profit

186k

+16%

gross margin

72.4%

+1.93%

turnover

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

Balance Sheet

December 2023

net assets

380k

+0.25%

total assets

719k

+0.13%

cash

8k

+0.14%

net assets

Total assets minus all liabilities

bexleyheath v.e. limited company details

company number

03754942

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

April 1999

age

26

incorporated

UK

ultimate parent company

None

accounts

Full Accounts

last accounts submitted

December 2023

previous names

ashton under lyne v.e. limited (March 2000)

accountant

-

auditor

UHY HACKER YOUNG

address

mere way, ruddington fields business park, nottingham, nottinghamshire, NG11 6NZ

Bank

HSBC BANK PLC

Legal Advisor

KNIGHTS PLC SHAKESPEARE MATINEAU LLP ADDLESHAW GODDARD LLP

bexleyheath v.e. 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 did not find charges/mortgages relating to bexleyheath v.e. limited.

bexleyheath v.e. limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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bexleyheath v.e. limited Companies House Filings - See Documents

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