Absolute Solvents Limited

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absolute solvents limited Company Information

Live

MatureMidRapid

Company Number

03942090

Next Accounts

27 days late

Industry

Recovery of sorted materials

Directors

Alison Gardner

Paul Gardner

Shareholders

mr paul kevin gardner

ms alison gardner

Group Structure

View All

Contact

Registered Address

k5 the courtyard jenson avenue, commerce park, frome, somerset, BA11 2FG

Website

www.absolutesolvents.co.uk

absolute solvents limited Estimated Valuation

£5.6m

Pomanda estimates the enterprise value of ABSOLUTE SOLVENTS LIMITED at £5.6m based on Net Assets of £2.4m and 2.34x industry multiple (adjusted for liquidity).

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Absolute Solvents Limited is a live company located in frome, BA11 2FG with a Companies House number of 03942090. It operates in the recovery of sorted materials sector, SIC Code 38320. Founded in March 2000, it's largest shareholder is mr paul kevin gardner with a 67% stake. Absolute Solvents Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.3m with rapid growth in recent years.

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Pomanda's financial health check has awarded Absolute Solvents Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £9.3m, make it smaller than the average company (£13.9m)

Growth

3 year (CAGR) sales growth of 43%, show it is growing at a faster rate (10.5%)

EXPORT

Absolute Solvents Limited's latest turnover from March 2023 is estimated at £9.3 million and the company has net assets of £2.4 million. According to their latest financial statements, Absolute Solvents Limited has 18 employees and maintains cash reserves of £223.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	9,292,482	7,379,663	4,914,913	3,165,349	2,441,382	2,565,189	2,262,597	2,069,539	2,451,907	1,914,586	2,244,421	2,320,669	2,577,906	1,537,833
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,072,151	6,422,398	4,287,413	2,756,628	2,130,793	2,237,886	1,973,104	1,857,524	2,262,057	1,749,480	2,020,876	2,044,712	2,280,017	1,310,836
Gross Profit	1,220,330	957,264	627,500	408,720	310,589	327,303	289,493	212,015	189,850	165,105	223,545	275,957	297,889	226,997
Admin Expenses	752,323	608,467	31,323	14,120	100,935	353,098	545,667	121,719	-28,876	21,225	202,807	-114,987	482,535	-203,176
Operating Profit	468,007	348,797	596,177	394,600	209,654	-25,795	-256,174	90,296	218,726	143,880	20,738	390,944	-184,646	430,173
Interest Payable	0	0	0	0	0	19,077	33,756	30,246	31,280	35,432	18,368	0	0	0
Interest Receivable	7,445	1,857	258	74	0	25	13	0	102	258	475	318	1	1
Pre-Tax Profit	475,452	350,654	596,435	394,674	209,654	-44,846	-289,918	60,050	187,547	108,706	2,845	391,262	-184,645	430,174
Tax	-90,336	-66,624	-113,323	-74,988	-39,834	0	0	-12,010	-39,385	-25,002	-683	-101,728	0	-120,449
Profit After Tax	385,116	284,030	483,112	319,686	169,820	-44,846	-289,918	48,040	148,162	83,704	2,162	289,534	-184,645	309,725
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	385,116	284,030	483,112	319,686	169,820	-44,846	-289,918	48,040	148,162	83,704	2,162	289,534	-184,645	309,725
Employee Costs	669,101	606,772	483,956	390,561	387,724	375,721	438,201	427,227	144,919	87,205	114,952	118,523	145,056	113,259
Number Of Employees	18	18	15	12	12	12	15	15	5	3	4	4	5	4
EBITDA*	546,126	437,490	696,883	475,327	272,763	51,188	-196,184	153,253	286,409	210,735	99,469	456,505	-147,996	457,008

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,379,843	1,448,131	1,493,052	1,762,778	1,737,835	1,821,075	1,897,913	1,954,458	1,887,166	1,445,391	1,359,657	632,098	500,762	254,470
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	1,379,843	1,448,131	1,493,052	1,762,778	1,737,835	1,821,075	1,897,913	1,954,458	1,887,166	1,445,391	1,359,657	632,098	500,762	254,470
Stock & work in progress	47,000	48,000	50,000	354,000	307,000	207,000	162,000	179,000	127,000	92,000	43,605	48,450	108,354	118,354
Trade Debtors	2,787,374	2,245,184	1,484,732	519,410	283,281	371,594	367,907	356,787	443,626	355,332	443,246	531,496	551,288	371,016
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	223,783	126,554	368,729	147,218	0	0	10,013	0	0	40,669	62,639	127,166	0	318
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,058,157	2,419,738	1,903,461	1,020,628	590,281	578,594	539,920	535,787	570,626	488,001	549,490	707,112	659,642	489,688
total assets	4,438,000	3,867,869	3,396,513	2,783,406	2,328,116	2,399,669	2,437,833	2,490,245	2,457,792	1,933,392	1,909,147	1,339,210	1,160,404	744,158
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	20,620	20,120	0	0	0
Trade Creditors	1,143,171	1,106,060	789,249	769,212	618,262	771,325	646,599	461,812	513,863	401,884	483,805	449,885	569,452	347,983
Group/Directors Accounts	0	0	0	0	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	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,143,171	1,106,060	789,249	769,212	618,262	771,325	646,599	461,812	513,863	422,504	503,925	449,885	569,452	347,983
loans	0	0	0	0	0	0	586,970	493,228	437,406	504,449	545,034	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	374,956	503,819	554,112	402,656	449,098	512,198	0	0	0	0	13,462	128,132	119,293	13,011
provisions	536,955	260,188	339,380	173,233	142,137	167,347	210,619	251,642	271,000	405,000	429,850	346,479	346,479	73,339
total long term liabilities	911,911	764,007	893,492	575,889	591,235	679,545	797,589	744,870	708,406	909,449	988,346	474,611	465,772	86,350
total liabilities	2,055,082	1,870,067	1,682,741	1,345,101	1,209,497	1,450,870	1,444,188	1,206,682	1,222,269	1,331,953	1,492,271	924,496	1,035,224	434,333
net assets	2,382,918	1,997,802	1,713,772	1,438,305	1,118,619	948,799	993,645	1,283,563	1,235,523	601,439	416,876	414,714	125,180	309,825
total shareholders funds	2,382,918	1,997,802	1,713,772	1,438,305	1,118,619	948,799	993,645	1,283,563	1,235,523	601,439	416,876	414,714	125,180	309,825

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	468,007	348,797	596,177	394,600	209,654	-25,795	-256,174	90,296	218,726	143,880	20,738	390,944	-184,646	430,173
Depreciation	78,119	88,693	100,706	80,727	63,109	76,983	59,990	62,957	67,683	66,855	78,731	65,561	36,650	26,835
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-90,336	-66,624	-113,323	-74,988	-39,834	0	0	-12,010	-39,385	-25,002	-683	-101,728	0	-120,449
Stock	-1,000	-2,000	-304,000	47,000	100,000	45,000	-17,000	52,000	35,000	48,395	-4,845	-59,904	-10,000	118,354
Debtors	542,190	760,452	965,322	236,129	-88,313	3,687	11,120	-86,839	88,294	-87,914	-88,250	-19,792	180,272	371,016
Creditors	37,111	316,811	20,037	150,950	-153,063	124,726	184,787	-52,051	111,979	-81,921	33,920	-119,567	221,469	347,983
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	276,767	-79,192	166,147	31,096	-25,210	-43,272	-41,023	-19,358	-134,000	-24,850	83,371	0	273,140	73,339
Cash flow from operations	228,478	-149,967	108,422	299,256	42,969	83,955	-46,540	104,673	101,709	118,481	309,172	314,906	176,341	268,511
Investing Activities
capital expenditure	-9,831	-43,772	169,020	-105,670	20,131	-145	-3,445	-130,249	-509,458	-152,589	-806,290	-196,897	-282,942	-281,305
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-9,831	-43,772	169,020	-105,670	20,131	-145	-3,445	-130,249	-509,458	-152,589	-806,290	-196,897	-282,942	-281,305
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	-20,620	500	20,120	0	0	0
Group/Directors Accounts	0	0	0	0	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	0	0	0	0	0	-586,970	93,742	55,822	-67,043	-40,585	545,034	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	-128,863	-50,293	151,456	-46,442	-63,100	512,198	0	0	0	-13,462	-114,670	8,839	106,282	13,011
share issue	0	0	-207,645	0	0	0	0	0	485,922	100,859	0	0	0	100
interest	7,445	1,857	258	74	0	-19,052	-33,743	-30,246	-31,178	-35,174	-17,893	318	1	1
cash flow from financing	-121,418	-48,436	-55,931	-46,368	-63,100	-93,824	59,999	25,576	367,081	12,138	432,591	9,157	106,283	13,112
cash and cash equivalents
cash	97,229	-242,175	221,511	147,218	0	-10,013	10,013	0	-40,669	-21,970	-64,527	127,166	-318	318
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	97,229	-242,175	221,511	147,218	0	-10,013	10,013	0	-40,669	-21,970	-64,527	127,166	-318	318

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for absolute solvents limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other mid companies, companies in BA11 area or any other competitors across 12 key performance metrics.

ABSOLUTE SOLVENTS LIMITED group structure

Absolute Solvents Limited has no subsidiary companies.

Ultimate parent company

ABSOLUTE SOLVENTS LIMITED

03942090

ABSOLUTE SOLVENTS LIMITED Shareholders

mr paul kevin gardner	67%
ms alison gardner	33%

Absolute Solvents Limited currently has 2 directors. The longest serving directors include Ms Alison Gardner (Mar 2000) and Mr Paul Gardner (Mar 2000).

officer	country	age	start	end	role
Ms Alison Gardner	United Kingdom	66 years	Mar 2000	-	Director
Mr Paul Gardner	England	67 years	Mar 2000	-	Director

P&L

March 2023

turnover

9.3m

+26%

operating profit

468k

gross margin

13.2%

+1.24%

turnover

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

Balance Sheet

March 2023

net assets

2.4m

+0.19%

total assets

4.4m

+0.15%

cash

223.8k

+0.77%

net assets

Total assets minus all liabilities

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company number

03942090

Type

Private limited with Share Capital

industry

38320 - Recovery of sorted materials

incorporation date

March 2000

ultimate parent company

None

previous names

N/A

address

k5 the courtyard jenson avenue, commerce park, frome, somerset, BA11 2FG

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 4 charges/mortgages relating to absolute solvents limited. Currently there are 4 open charges and 0 have been satisfied in the past.

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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absolute solvents limited Company Information

absolute solvents limited Estimated Valuation

absolute solvents limited Estimated Valuation

absolute solvents limited Estimated Valuation

Absolute Solvents Limited Overview

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ABSOLUTE SOLVENTS LIMITED financials

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absolute solvents limited directors

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