Pomanda estimates the enterprise value of SORRELLS WINE RACKS LIMITED at £1.6m based on a Turnover of £3.1m and 0.53x industry multiple (adjusted for size and gross margin).
sorrells wine racks limitedEstimated Valuation
£1.3m
Pomanda estimates the enterprise value of SORRELLS WINE RACKS LIMITED at £1.3m based on an EBITDA of £324.7k and a 4.05x industry multiple (adjusted for size and gross margin).
sorrells wine racks limitedEstimated Valuation
£1.3m
Pomanda estimates the enterprise value of SORRELLS WINE RACKS LIMITED at £1.3m based on Net Assets of £643.1k and 2.02x industry multiple (adjusted for liquidity).
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Sorrells Wine Racks LimitedOverview
Sorrells Wine Racks Limited is a live company located in benfleet, SS7 2QL with a Companies House number of 04003226. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in May 2000, it's largest shareholder is
timothy lewis
with a 59.1% stake. Sorrells Wine Racks Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£3.1m with
high
growth in recent years.
Pomanda's financial health check has awarded Sorrells Wine Racks Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
4 Regular
5 Weak
Size
annual sales of £3.1m, make it smaller than the average company (£13.8m)
£3.1m - Sorrells Wine Racks Limited
£13.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (12.8%)
24% - Sorrells Wine Racks Limited
12.8% - Industry AVG
Production
with a gross margin of 26.6%, this company has a comparable cost of product (26.6%)
26.6% - Sorrells Wine Racks Limited
26.6% - Industry AVG
Profitability
an operating margin of 8% make it more profitable than the average company (5.7%)
8% - Sorrells Wine Racks Limited
5.7% - Industry AVG
Employees
with 29 employees, this is below the industry average (79)
29 - Sorrells Wine Racks Limited
79 - Industry AVG
Pay Structure
on an average salary of £44.5k, the company has an equivalent pay structure (£44.5k)
£44.5k - Sorrells Wine Racks Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £105.7k, this is less efficient (£170.9k)
£105.7k - Sorrells Wine Racks Limited
£170.9k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is near the average (60 days)
67 days - Sorrells Wine Racks Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is close to average (51 days)
55 days - Sorrells Wine Racks Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 30 days, this is less than average (38 days)
30 days - Sorrells Wine Racks Limited
38 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (14 weeks)
1 weeks - Sorrells Wine Racks Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 61.6%, this is a higher level of debt than the average (51.2%)
61.6% - Sorrells Wine Racks Limited
51.2% - Industry AVG
SORRELLS WINE RACKS LIMITED financials
EXPORT
Sorrells Wine Racks Limited's latest turnover from June 2024 is estimated at £3.1 million and the company has net assets of £643.1 thousand. According to their latest financial statements, Sorrells Wine Racks Limited has 29 employees and maintains cash reserves of £27.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Jul 2011
Jul 2010
Jul 2009
Turnover
3,065,021
2,566,065
2,492,955
1,617,899
2,049,549
2,208,054
1,875,533
1,545,793
369,685
1,135,116
854,998
620,380
563,461
741,322
941,187
Other Income Or Grants
Cost Of Sales
2,251,278
1,945,251
1,875,408
1,243,926
1,547,635
1,631,905
1,369,201
1,114,920
266,162
829,534
633,320
454,227
414,733
541,898
679,675
Gross Profit
813,743
620,814
617,548
373,973
501,914
576,149
506,332
430,874
103,524
305,582
221,678
166,153
148,728
199,425
261,511
Admin Expenses
570,065
736,034
611,964
113,914
244,293
501,569
505,392
356,768
4,120
269,458
192,021
139,953
132,077
224,969
263,153
-24,454
Operating Profit
243,678
-115,220
5,584
260,059
257,621
74,580
940
74,106
99,404
36,124
29,657
26,200
16,651
-25,544
-1,642
24,454
Interest Payable
41,407
36,146
19,613
12,656
9,333
9,552
8,134
5,494
2,357
1,529
1,529
Interest Receivable
1,518
1,297
2,172
186
23
50
55
18
64
67
47
37
7
Pre-Tax Profit
203,789
-150,068
-11,857
247,589
248,311
65,078
-7,139
68,630
97,110
36,191
29,704
26,237
16,658
-25,544
-3,171
22,925
Tax
-50,947
-47,042
-47,179
-12,365
-13,726
-19,422
-7,600
-6,832
-6,297
-4,331
-6,419
Profit After Tax
152,842
-150,068
-11,857
200,547
201,132
52,713
-7,139
54,904
77,688
28,591
22,872
19,940
12,327
-25,544
-3,171
16,506
Dividends Paid
Retained Profit
152,842
-150,068
-11,857
200,547
201,132
52,713
-7,139
54,904
77,688
28,591
22,872
19,940
12,327
-25,544
-3,171
16,506
Employee Costs
1,291,447
1,122,723
1,004,509
363,927
375,058
819,968
818,016
703,817
99,314
305,918
227,513
164,141
159,202
217,206
276,999
Number Of Employees
29
27
26
10
10
22
23
20
3
9
7
5
5
7
9
EBITDA*
324,717
-43,554
84,335
338,807
300,460
112,118
37,192
101,211
125,037
59,997
43,934
40,575
26,663
-10,722
11,206
38,033
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Jul 2011
Jul 2010
Jul 2009
Tangible Assets
391,201
275,019
236,270
252,616
128,518
115,041
108,677
81,181
108,286
118,064
70,082
52,620
36,218
45,513
53,908
37,639
Intangible Assets
Investments & Other
157,385
123,447
98,197
41,781
Debtors (Due After 1 year)
Total Fixed Assets
548,586
398,466
334,467
294,397
128,518
115,041
108,677
81,181
108,286
118,064
70,082
52,620
36,218
45,513
53,908
37,639
Stock & work in progress
187,118
198,250
183,250
141,375
169,250
166,500
137,912
90,000
86,705
125,000
90,000
80,000
67,800
150,000
140,000
155,851
Trade Debtors
570,826
422,653
574,683
535,207
720,580
548,618
437,788
367,388
64,760
233,102
167,883
111,182
113,996
97,280
115,073
69,673
Group Debtors
Misc Debtors
340,741
290,326
208,424
49,542
63,556
41,152
8,874
2,221
191,621
Cash
27,356
30,484
21,409
326,053
46,771
13,397
8,654
5,663
19,846
7,109
11,839
2,782
misc current assets
total current assets
1,126,041
941,713
987,766
1,052,177
1,000,157
756,270
597,971
468,263
348,749
377,948
264,992
203,021
184,578
247,280
255,073
225,524
total assets
1,674,627
1,340,179
1,322,233
1,346,574
1,128,675
871,311
706,648
549,444
457,035
496,012
335,074
255,641
220,796
292,793
308,981
263,163
Bank overdraft
19,144
18,251
16,329
39,798
32,993
46,788
20,531
14,429
Bank loan
Trade Creditors
339,786
299,282
217,472
129,225
117,362
219,528
181,119
138,816
46,188
237,224
181,900
131,419
108,392
183,638
235,697
194,650
Group/Directors Accounts
436
7,881
62
606
6,217
28
8,782
other short term finances
127,051
77,411
181,021
158,005
36,683
30,669
24,942
25,000
hp & lease commitments
113,477
27,794
35,698
82,850
42,482
27,593
17,293
19,978
38,630
other current liabilities
145,237
145,590
109,096
201,966
307,649
203,355
139,570
74,367
118,678
total current liabilities
744,695
568,764
567,497
611,906
537,775
534,150
383,483
281,372
203,496
237,224
181,900
131,419
108,392
183,638
235,697
194,650
loans
228,798
265,463
98,716
47,167
100,314
58,550
101,547
63,839
72,534
47,033
hp & lease commitments
58,056
15,716
15,716
35,670
39,302
28,459
24,179
4,176
Accruals and Deferred Income
other liabilities
27,500
187,147
110,124
104,044
112,166
121,264
59,849
4,874
provisions
total long term liabilities
286,854
281,179
114,432
82,837
139,616
87,009
125,726
63,839
104,210
187,147
110,124
104,044
112,166
121,264
59,849
51,907
total liabilities
1,031,549
849,943
681,929
694,743
677,391
621,159
509,209
345,211
307,706
424,371
292,024
235,463
220,558
304,902
295,546
246,557
net assets
643,078
490,236
640,304
651,831
451,284
250,152
197,439
204,233
149,329
71,641
43,050
20,178
238
-12,109
13,435
16,606
total shareholders funds
643,078
490,236
640,304
651,831
451,284
250,152
197,439
204,233
149,329
71,641
43,050
20,178
238
-12,109
13,435
16,606
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Jul 2011
Jul 2010
Jul 2009
Operating Activities
Operating Profit
243,678
-115,220
5,584
260,059
257,621
74,580
940
74,106
99,404
36,124
29,657
26,200
16,651
-25,544
-1,642
24,454
Depreciation
81,039
71,666
78,751
78,748
42,839
37,538
36,252
27,105
25,633
23,873
14,277
14,375
10,012
14,822
12,848
13,579
Amortisation
Tax
-50,947
-47,042
-47,179
-12,365
-13,726
-19,422
-7,600
-6,832
-6,297
-4,331
-6,419
Stock
-11,132
15,000
41,875
-27,875
2,750
28,588
47,912
3,295
-38,295
35,000
10,000
12,200
-82,200
10,000
-15,851
155,851
Debtors
198,588
-70,128
198,358
-199,387
194,366
143,108
77,053
113,228
23,279
65,219
56,701
-2,814
16,716
-17,793
45,400
69,673
Creditors
40,504
81,810
88,247
11,863
-102,166
38,409
42,303
92,628
-191,036
55,324
50,481
23,027
-75,246
-52,059
41,047
194,650
Accruals and Deferred Income
-353
36,494
-92,870
-105,683
104,294
63,785
65,203
-44,311
118,678
Deferred Taxes & Provisions
Cash flow from operations
126,465
129,878
-160,521
425,207
58,293
30,251
19,733
19,279
48,273
7,502
20,882
47,919
12,570
-54,988
22,704
740
Investing Activities
capital expenditure
-197,221
-110,415
-62,405
-202,846
-56,316
-43,902
-63,748
-15,855
-71,855
-31,739
-30,777
-717
-6,427
-29,117
-51,218
Change in Investments
33,938
25,250
56,416
41,781
cash flow from investments
-231,159
-135,665
-118,821
-244,627
-56,316
-43,902
-63,748
-15,855
-71,855
-31,739
-30,777
-717
-6,427
-29,117
-51,218
Financing Activities
Bank loans
Group/Directors Accounts
-436
-7,445
7,819
-544
-5,611
6,189
-8,754
8,782
Other Short Term Loans
49,640
-103,610
23,016
121,322
6,014
5,727
-58
25,000
Long term loans
-36,665
166,747
51,549
-53,147
41,764
-42,997
37,708
-8,695
72,534
-47,033
47,033
Hire Purchase and Lease Commitments
128,023
-7,904
-67,106
36,736
25,732
14,580
21,494
-22,828
42,806
other long term liabilities
-27,500
-159,647
77,023
6,080
-8,122
-9,098
61,415
54,975
4,874
share issue
330
345
20
100
interest
-39,889
-34,849
-17,441
-12,470
-9,310
-9,502
-8,079
-5,476
-2,293
67
47
37
7
-1,529
-1,529
cash flow from financing
100,673
12,939
-1,833
91,897
58,589
-26,003
42,656
-30,717
-46,600
77,090
6,127
-8,085
-9,071
61,415
6,413
50,478
cash and cash equivalents
cash
-3,128
9,075
-304,644
279,282
46,771
-13,397
4,743
2,991
-14,183
12,737
-4,730
9,057
2,782
overdraft
893
1,922
-23,469
6,805
-13,795
26,257
6,102
14,429
change in cash
-4,021
7,153
-281,175
272,477
60,566
-39,654
-1,359
-11,438
-14,183
12,737
-4,730
9,057
2,782
sorrells wine racks limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for sorrells wine racks limited. Get real-time insights into sorrells wine racks limited's credit score, group structure and payment trends.
Perform a competitor analysis for sorrells wine racks limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in SS7 area or any other competitors across 12 key performance metrics.
sorrells wine racks limited Ownership
SORRELLS WINE RACKS LIMITED group structure
Sorrells Wine Racks Limited has no subsidiary companies.
Ultimate parent company
SORRELLS WINE RACKS LIMITED
04003226
SORRELLS WINE RACKS LIMITED Shareholders
The largest shareholders in Sorrells Wine Racks Limited include Timothy Lewis and Anthony Lewis.
timothy lewis
59.12%
anthony lewis
15.72%
damian krolicowski
12.58%
lisa christoforou
6.29%
christopher christoforou
6.29%
sorrells wine racks limited directors
Sorrells Wine Racks Limited currently has 5 directors.
The longest serving directors include
Mr Timothy Lewis (Jul 2003) and
Mrs Leanne Lewis (Oct 2017).
25110 - Manufacture of metal structures and parts of structures
incorporation date
May 2000
age
25
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
June 2024
previous names
conigar limited (July 2000)
accountant
BPSL
auditor
-
address
broom house 39/43 london road, hadleigh, benfleet, essex, SS7 2QL
Bank
-
Legal Advisor
-
sorrells wine racks 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 2 charges/mortgages relating to sorrells wine racks limited. Currently there are 2 open charges and 0 have been satisfied in the past.
sorrells wine racks 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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sorrells wine racks limitedCompanies House Filings - See Documents
