area sq. limited
area sq. limited Company Information
Company Number
03874693
Next Accounts
Jul 2025
Industry
Specialised construction activities (other than scaffold erection) n.e.c.
Shareholders
fourfront group ltd
Group Structure
View All
Contact
Registered Address
windsor two arthur road, windsor, SL4 1RS
Website
www.areasq.co.ukarea sq. limited Estimated Valuation
Pomanda estimates the enterprise value of AREA SQ. LIMITED at £88.1m based on a Turnover of £86.5m and 1.02x industry multiple (adjusted for size and gross margin).
area sq. limited Estimated Valuation
Pomanda estimates the enterprise value of AREA SQ. LIMITED at £47.6m based on an EBITDA of £5.1m and a 9.4x industry multiple (adjusted for size and gross margin).
area sq. limited Estimated Valuation
Pomanda estimates the enterprise value of AREA SQ. LIMITED at £18.7m based on Net Assets of £8.3m and 2.27x industry multiple (adjusted for liquidity).
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Area Sq. Limited Overview
Area Sq. Limited is a live company located in windsor, SL4 1RS with a Companies House number of 03874693. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in November 1999, it's largest shareholder is fourfront group ltd with a 100% stake. Area Sq. Limited is a mature, large sized company, Pomanda has estimated its turnover at £86.5m with healthy growth in recent years.
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Area Sq. Limited Health Check
Pomanda's financial health check has awarded Area Sq. Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £86.5m, make it larger than the average company (£6.9m)
£86.5m - Area Sq. Limited
£6.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (8.8%)
12% - Area Sq. Limited
8.8% - Industry AVG
Production
with a gross margin of 30.4%, this company has a lower cost of product (24.8%)
30.4% - Area Sq. Limited
24.8% - Industry AVG
Profitability
an operating margin of 5.4% make it as profitable than the average company (6.1%)
5.4% - Area Sq. Limited
6.1% - Industry AVG
Employees
with 148 employees, this is above the industry average (33)
148 - Area Sq. Limited
33 - Industry AVG
Pay Structure
on an average salary of £116.7k, the company has a higher pay structure (£47.8k)
£116.7k - Area Sq. Limited
£47.8k - Industry AVG
Efficiency
resulting in sales per employee of £584.6k, this is more efficient (£189.7k)
£584.6k - Area Sq. Limited
£189.7k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is near the average (57 days)
50 days - Area Sq. Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 62 days, this is slower than average (39 days)
62 days - Area Sq. Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (15 days)
0 days - Area Sq. Limited
15 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (20 weeks)
6 weeks - Area Sq. Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.7%, this is a higher level of debt than the average (60.9%)
72.7% - Area Sq. Limited
60.9% - Industry AVG
AREA SQ. LIMITED financials
Area Sq. Limited's latest turnover from October 2023 is £86.5 million and the company has net assets of £8.3 million. According to their latest financial statements, Area Sq. Limited has 148 employees and maintains cash reserves of £2.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 86,524,851 | 80,608,459 | 56,014,082 | 61,523,472 | 154,988,383 | 119,981,434 | 102,285,096 | 109,133,434 | 79,838,783 | 78,125,386 | 61,497,811 | 62,756,820 | 33,646,162 | 18,921,881 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 60,200,685 | 61,165,138 | 40,057,932 | 45,225,492 | 119,544,817 | 86,921,668 | 75,085,526 | 86,278,383 | 60,826,890 | 58,307,632 | 45,529,437 | 46,219,036 | 24,202,853 | 13,742,416 |
| Gross Profit | 26,324,166 | 19,443,321 | 15,956,150 | 16,297,980 | 35,443,566 | 33,059,766 | 27,199,570 | 22,855,051 | 19,011,893 | 19,817,754 | 15,968,374 | 16,537,784 | 9,443,309 | 5,179,465 |
| Admin Expenses | 15,076,641 | 12,792,072 | 40,526,390 | 31,823,297 | 22,522,396 | 19,315,982 | 15,947,185 | 15,053,326 | 12,865,588 | 11,725,227 | 7,043,810 | 4,572,081 | ||
| Operating Profit | 879,509 | 3,505,908 | -5,082,824 | 1,236,469 | 4,677,174 | 3,539,069 | 3,064,708 | 4,764,428 | 3,102,786 | 4,812,557 | 2,399,499 | 607,384 | ||
| Interest Payable | 0 | 0 | 0 | 0 | 16,552 | 37,450 | 99,362 | 87,270 | 106,414 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 2,009 | 0 | 0 | 0 | 0 | 0 | 8,877 | 78,960 | 75,331 | 44,985 | 4,709 | 4,261 |
| Pre-Tax Profit | 4,579,018 | 1,904,503 | 881,518 | 3,505,908 | -5,099,376 | 1,199,019 | 4,577,812 | 3,451,799 | 2,967,171 | 4,843,388 | 3,178,117 | 4,857,542 | 2,404,208 | 611,645 |
| Tax | -999,992 | -263,598 | 229,917 | -332,109 | 614,375 | -364,177 | -1,004,202 | -886,660 | -744,375 | -1,218,866 | -843,395 | -1,321,069 | -725,375 | -206,082 |
| Profit After Tax | 3,579,026 | 1,640,905 | 1,111,435 | 3,173,799 | -4,485,001 | 834,842 | 3,573,610 | 2,565,139 | 2,222,796 | 3,624,522 | 2,334,722 | 3,536,473 | 1,678,833 | 405,563 |
| Dividends Paid | 0 | 0 | 0 | 0 | 1,111,330 | 2,707,306 | 0 | 5,817,589 | 0 | 2,067,441 | 1,750,000 | 2,714,000 | 874,437 | 271,837 |
| Retained Profit | 3,579,026 | 1,640,905 | 1,111,435 | 3,173,799 | -5,596,331 | -1,872,464 | 3,573,610 | -3,252,450 | 2,222,796 | 1,557,081 | 584,722 | 822,473 | 804,396 | 133,726 |
| Employee Costs | 17,273,723 | 13,956,782 | 12,672,401 | 10,443,403 | 33,689,264 | 25,873,442 | 20,245,954 | 17,549,491 | 13,223,204 | 12,541,889 | 10,266,196 | 9,368,317 | 5,978,433 | 3,951,121 |
| Number Of Employees | 148 | 132 | 117 | 151 | 235 | 263 | 211 | 182 | 143 | 123 | 105 | 95 | 64 | 57 |
| EBITDA* | 1,057,637 | 3,892,591 | -3,970,975 | 2,127,720 | 5,415,974 | 4,022,899 | 3,465,145 | 5,143,739 | 3,419,241 | 4,967,752 | 2,456,535 | 655,549 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,160,181 | 850,403 | 95,304 | 212,497 | 648,890 | 1,282,650 | 1,351,411 | 1,357,469 | 763,453 | 916,147 | 1,144,649 | 868,915 | 196,817 | 48,468 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 136 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 172,260 | 0 | 378,818 | 150,000 | 150,000 | 150,000 | 156,119 | 156,600 | 221,500 | 222,550 | 226,596 | 228,329 | 158,812 | 159,360 |
| Total Fixed Assets | 1,332,577 | 850,403 | 474,122 | 362,497 | 798,890 | 1,432,650 | 1,507,530 | 1,514,069 | 984,953 | 1,138,697 | 1,371,245 | 1,097,244 | 355,629 | 207,828 |
| Stock & work in progress | 109,855 | 199,222 | 231,073 | 335,374 | 76,941 | 498,312 | 2,328,855 | 333,571 | 394,130 | 313,019 | 802,367 | 272,805 | 193,449 | 52,692 |
| Trade Debtors | 11,939,429 | 10,491,769 | 8,574,452 | 7,731,430 | 7,772,956 | 11,167,908 | 16,917,326 | 15,113,428 | 9,909,841 | 7,067,237 | 5,892,358 | 5,802,088 | 5,695,435 | 3,249,118 |
| Group Debtors | 8,232,393 | 5,527,406 | 4,252,577 | 3,651,234 | 2,149,490 | 866,839 | 209,443 | 1,635 | 1,635 | 25,763 | 128,176 | 223,412 | 0 | 207,625 |
| Misc Debtors | 5,845,442 | 6,703,738 | 7,806,599 | 4,575,703 | 9,157,831 | 15,612,569 | 14,405,910 | 11,114,661 | 6,740,918 | 4,184,865 | 4,015,254 | 3,479,242 | 0 | 1,353,256 |
| Cash | 2,756,671 | 1,046,786 | 1,896,933 | 4,456,205 | 2,086,699 | 2,192,179 | 6,792,249 | 12,616,904 | 10,306,872 | 6,977,640 | 4,371,138 | 5,037,511 | 3,798,086 | 2,197,913 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 28,883,790 | 23,968,921 | 22,761,634 | 20,749,946 | 21,243,917 | 30,337,807 | 40,653,783 | 39,180,199 | 27,353,396 | 18,568,524 | 15,209,293 | 14,815,058 | 9,686,970 | 7,060,604 |
| total assets | 30,216,367 | 24,819,324 | 23,235,756 | 21,112,443 | 22,042,807 | 31,770,457 | 42,161,313 | 40,694,268 | 28,338,349 | 19,707,221 | 16,580,538 | 15,912,302 | 10,042,599 | 7,268,432 |
| 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 | 10,364,902 | 7,785,130 | 11,312,764 | 7,169,257 | 9,168,233 | 10,274,438 | 11,229,288 | 9,688,294 | 6,586,764 | 2,440,963 | 2,258,871 | 1,769,363 | 1,513,536 | 1,066,065 |
| Group/Directors Accounts | 0 | 597,931 | 0 | 160,741 | 1,191,821 | 0 | 1,726,858 | 2,909,884 | 1,358,432 | 0 | 2,790,975 | 821,809 | 574,437 | 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 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 11,500,546 | 11,704,370 | 8,862,004 | 11,485,106 | 12,926,999 | 17,143,934 | 22,960,801 | 25,667,839 | 14,830,245 | 11,435,505 | 7,257,020 | 9,632,180 | 5,088,149 | 4,140,286 |
| total current liabilities | 21,865,448 | 20,087,431 | 20,174,768 | 18,815,104 | 23,287,053 | 27,418,372 | 35,916,947 | 38,266,017 | 22,775,441 | 13,876,468 | 12,306,866 | 12,223,352 | 7,176,122 | 5,206,351 |
| 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 | 367,786 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 90,000 | 50,000 | 20,000 | 0 | 0 | 0 | 19,817 | 125,155 | 7,362 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 90,000 | 50,000 | 20,000 | 367,786 | 0 | 0 | 19,817 | 125,155 | 7,362 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 21,955,448 | 20,137,431 | 20,194,768 | 19,182,890 | 23,287,053 | 27,418,372 | 35,936,764 | 38,391,172 | 22,782,803 | 13,876,468 | 12,306,866 | 12,223,352 | 7,176,122 | 5,206,351 |
| net assets | 8,260,919 | 4,681,893 | 3,040,988 | 1,929,553 | -1,244,246 | 4,352,085 | 6,224,549 | 2,303,096 | 5,555,546 | 5,830,753 | 4,273,672 | 3,688,950 | 2,866,477 | 2,062,081 |
| total shareholders funds | 8,260,919 | 4,681,893 | 3,040,988 | 1,929,553 | -1,244,246 | 4,352,085 | 6,224,549 | 2,303,096 | 5,555,546 | 5,830,753 | 4,273,672 | 3,688,950 | 2,866,477 | 2,062,081 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 879,509 | 3,505,908 | -5,082,824 | 1,236,469 | 4,677,174 | 3,539,069 | 3,064,708 | 4,764,428 | 3,102,786 | 4,812,557 | 2,399,499 | 607,384 | ||
| Depreciation | 392,064 | 208,421 | 178,128 | 386,683 | 1,111,849 | 891,251 | 738,800 | 483,830 | 400,437 | 379,311 | 316,455 | 155,195 | 57,036 | 48,165 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -999,992 | -263,598 | 229,917 | -332,109 | 614,375 | -364,177 | -1,004,202 | -886,660 | -744,375 | -1,218,866 | -843,395 | -1,321,069 | -725,375 | -206,082 |
| Stock | -89,367 | -31,851 | -104,301 | 258,433 | -421,371 | -1,830,543 | 1,995,284 | -60,559 | 81,111 | -489,348 | 529,562 | 79,356 | 140,757 | 52,692 |
| Debtors | 3,466,611 | 1,710,467 | 4,904,079 | -3,121,910 | -8,567,039 | -3,891,482 | 5,302,474 | 9,512,430 | 5,373,479 | 1,238,031 | 529,313 | 3,878,824 | 884,888 | 4,969,359 |
| Creditors | 2,579,772 | -3,527,634 | 4,143,507 | -1,998,976 | -1,106,205 | -954,850 | 1,540,994 | 3,101,530 | 4,145,801 | 182,092 | 489,508 | 255,827 | 447,471 | 1,066,065 |
| Accruals and Deferred Income | -203,824 | 2,842,366 | -2,623,102 | -1,441,893 | -4,216,935 | -5,816,867 | -2,707,038 | 10,837,594 | 3,394,740 | 4,178,485 | -2,375,160 | 4,544,031 | 947,863 | 4,140,286 |
| Deferred Taxes & Provisions | 40,000 | 30,000 | 20,000 | 0 | 0 | -19,817 | -105,338 | 117,793 | 7,362 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,971,819 | 2,983,090 | 308,670 | 694,034 | -4,157,368 | 7,741,285 | 4,814,083 | 7,536,767 | -368,681 | 4,488,361 | 2,100,849 | 633,767 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 136 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -597,931 | 597,931 | -160,741 | -1,031,080 | 1,191,821 | -1,726,858 | -1,183,026 | 1,551,452 | 1,358,432 | -2,790,975 | 1,969,166 | 247,372 | 574,437 | 0 |
| Other Short Term Loans | 0 | 0 | 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 | -367,786 | 367,786 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 2,009 | 0 | -16,552 | -37,450 | -99,362 | -87,270 | -97,537 | 78,960 | 75,331 | 44,985 | 4,709 | 4,261 |
| cash flow from financing | -597,931 | 597,931 | -526,518 | -663,294 | 1,175,269 | -1,764,308 | -934,545 | 1,464,182 | -1,237,108 | -2,712,015 | 2,044,497 | 292,357 | 579,146 | 1,932,616 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,709,885 | -850,147 | -2,559,272 | 2,369,506 | -105,480 | -4,600,070 | -5,824,655 | 2,310,032 | 3,329,232 | 2,606,502 | -666,373 | 1,239,425 | 1,600,173 | 2,197,913 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,709,885 | -850,147 | -2,559,272 | 2,369,506 | -105,480 | -4,600,070 | -5,824,655 | 2,310,032 | 3,329,232 | 2,606,502 | -666,373 | 1,239,425 | 1,600,173 | 2,197,913 |
area sq. limited Credit Report and Business Information
Area Sq. Limited Competitor Analysis
Perform a competitor analysis for area sq. limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in SL4 area or any other competitors across 12 key performance metrics.
area sq. limited Ownership
AREA SQ. LIMITED group structure
Area Sq. Limited has no subsidiary companies.
Ultimate parent company
2 parents
AREA SQ. LIMITED
03874693
area sq. limited directors
Area Sq. Limited currently has 6 directors. The longest serving directors include Mr James Cornwell (Dec 1999) and Mr Gary Chandler (Aug 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Cornwell | England | 60 years | Dec 1999 | - | Director |
| Mr Gary Chandler | England | 55 years | Aug 2011 | - | Director |
| Mr Colin Pye | England | 60 years | Aug 2011 | - | Director |
| Ms Sion Davies | England | 48 years | Aug 2011 | - | Director |
| Mr David Rintoul | 59 years | Oct 2019 | - | Director | |
| Mr Christopher Stewart | England | 51 years | Jan 2020 | - | Director |
P&L
October 2023turnover
86.5m
+7%
operating profit
4.7m
0%
gross margin
30.5%
+26.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
8.3m
+0.76%
total assets
30.2m
+0.22%
cash
2.8m
+1.63%
net assets
Total assets minus all liabilities
area sq. limited company details
company number
03874693
Type
Private limited with Share Capital
industry
43999 - Specialised construction activities (other than scaffold erection) n.e.c.
incorporation date
November 1999
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
ROUSE AUDIT LLP
address
windsor two arthur road, windsor, SL4 1RS
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
area sq. 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 11 charges/mortgages relating to area sq. limited. Currently there are 1 open charges and 10 have been satisfied in the past.
area sq. 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.
Click to start generating capital raising & share issue transactions for AREA SQ. LIMITED. This can take several minutes, an email will notify you when this has completed.
area sq. limited Companies House Filings - See Documents
| date | description | view/download |
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