Commercial Filters Limited

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commercial filters limited Company Information

Live

MatureSmallLow

Company Number

04096938

Website

www.commercialfilters.co.uk

Registered Address

march street, rochdale, lancashire, OL16 2AP

Industry

Wholesale trade of motor vehicle parts and accessories

Telephone

01706750333

Next Accounts Due

July 2024

Group Structure

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Directors

Graham Foster1 Years

David Keane1 Years

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Shareholders

gdrn limited 100%

commercial filters limited Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of COMMERCIAL FILTERS LIMITED at £5.4m based on Net Assets of £2.1m and 2.54x industry multiple (adjusted for liquidity).

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Commercial Filters Limited is a live company located in lancashire, OL16 2AP with a Companies House number of 04096938. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in October 2000, it's largest shareholder is gdrn limited with a 100% stake. Commercial Filters Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.7m with low growth in recent years.

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Pomanda's financial health check has awarded Commercial Filters Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £4.7m, make it smaller than the average company (£14.9m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.4%)

EXPORT

Commercial Filters Limited's latest turnover from October 2022 is estimated at £4.7 million and the company has net assets of £2.1 million. According to their latest financial statements, Commercial Filters Limited has 22 employees and maintains cash reserves of £808.1 thousand 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	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	4,705,254	4,423,614	3,873,619	4,417,126	5,198,224	3,674,878	3,377,672	3,536,225	3,347,247	3,167,433	2,687,647	2,659,222	2,818,375	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,386,973	3,235,668	2,804,928	3,224,061	3,735,529	2,624,234	2,365,061	2,520,576	2,419,927	2,280,651	1,928,662	1,914,212	2,026,796	0
Gross Profit	1,318,281	1,187,946	1,068,691	1,193,065	1,462,695	1,050,644	1,012,611	1,015,648	927,320	886,782	758,986	745,010	791,578	0
Admin Expenses	982,284	785,861	990,660	1,096,792	1,391,403	736,111	965,627	936,537	928,604	865,487	710,726	673,839	672,695	-974,215
Operating Profit	335,997	402,085	78,031	96,273	71,292	314,533	46,984	79,111	-1,284	21,295	48,260	71,171	118,883	974,215
Interest Payable	7,827	7,796	7,299	3,492	0	29	29	0	0	0	31	4,883	10,244	5,391
Interest Receivable	19,744	740	437	2,660	2,498	658	531	961	992	1,127	1,294	1,477	1,542	754
Pre-Tax Profit	347,914	395,028	71,169	95,441	73,790	315,162	47,485	80,073	-292	22,422	49,524	67,765	110,181	969,578
Tax	-66,104	-75,055	-13,522	-18,134	-14,020	-59,881	-9,497	-16,014	0	-5,157	-11,886	-17,619	-30,851	-271,482
Profit After Tax	281,810	319,973	57,647	77,307	59,770	255,281	37,988	64,058	-292	17,265	37,638	50,146	79,330	698,096
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	281,810	319,973	57,647	77,307	59,770	255,281	37,988	64,058	-292	17,265	37,638	50,146	79,330	698,096
Employee Costs	722,014	721,623	739,883	743,653	727,313	627,139	493,019	480,258	382,209	387,998	319,172	347,702	372,789	0
Number Of Employees	22	22	23	24	24	21	17	17	14	14	12	13	14	0
EBITDA*	381,843	435,386	120,032	135,371	71,292	363,520	83,016	114,546	30,756	78,125	105,808	129,918	166,783	1,001,221

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	701,193	686,823	658,477	667,911	534,444	577,564	529,381	537,014	538,977	547,424	577,389	594,924	589,677	572,857
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	701,193	686,823	658,477	667,911	534,444	577,564	529,381	537,014	538,977	547,424	577,389	594,924	589,677	572,857
Stock & work in progress	549,170	388,379	339,586	358,716	327,358	331,880	144,920	134,494	132,309	142,421	114,823	86,922	87,144	84,756
Trade Debtors	1,022,429	1,019,531	855,278	913,482	1,169,713	827,007	906,626	807,468	773,111	740,098	631,024	653,105	678,218	545,857
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	18,685	16,426	7,590	0	0	0	4,022	0	0	0	0	0	0	0
Cash	808,136	946,847	532,256	340,981	368,259	297,996	228,313	196,255	188,238	208,469	242,213	275,511	315,317	301,484
misc current assets	0	0	0	0	0	6,110	0	0	0	0	0	0	0	0
total current assets	2,398,420	2,371,183	1,734,710	1,613,179	1,865,330	1,462,993	1,283,881	1,138,217	1,093,658	1,090,988	988,060	1,015,538	1,080,679	932,097
total assets	3,099,613	3,058,006	2,393,187	2,281,090	2,399,774	2,040,557	1,813,262	1,675,231	1,632,635	1,638,412	1,565,449	1,610,462	1,670,356	1,504,954
Bank overdraft	69,977	51,064	8,451	0	0	0	943	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	657,538	721,522	476,782	650,778	984,106	618,338	448,431	608,491	623,237	588,644	483,425	506,936	542,336	455,937
Group/Directors Accounts	0	0	68,555	0	0	0	65,770	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	21,048	15,858	10,345	0	0	0	21,051	0	0	0	0	0	0	0
other current liabilities	196,441	329,779	163,418	0	0	0	173,756	0	0	0	0	0	0	0
total current liabilities	945,004	1,118,223	727,551	650,778	984,106	618,338	709,951	608,491	623,237	588,644	483,425	506,936	542,336	455,937
loans	0	68,712	127,388	103,471	0	0	0	0	0	0	0	949	149,312	165,888
hp & lease commitments	18,592	16,864	4,014	0	0	0	19,082	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	33,591	0	0	0	0	0	0	0	0
other liabilities	0	0	0	50,254	16,388	49,118	0	20,499	27,215	67,293	110,510	168,379	95,012	81,735
provisions	0	0	0	0	0	0	0	0	0	0	6,304	6,626	6,270	3,298
total long term liabilities	18,592	85,576	131,402	153,725	16,388	82,709	19,082	20,499	27,215	67,293	116,814	175,954	250,594	250,921
total liabilities	963,596	1,203,799	858,953	804,503	1,000,494	701,047	729,033	628,990	650,452	655,937	600,239	682,890	792,930	706,858
net assets	2,136,017	1,854,207	1,534,234	1,476,587	1,399,280	1,339,510	1,084,229	1,046,241	982,183	982,475	965,210	927,572	877,426	798,096
total shareholders funds	2,136,017	1,854,207	1,534,234	1,476,587	1,399,280	1,339,510	1,084,229	1,046,241	982,183	982,475	965,210	927,572	877,426	798,096

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	335,997	402,085	78,031	96,273	71,292	314,533	46,984	79,111	-1,284	21,295	48,260	71,171	118,883	974,215
Depreciation	45,846	33,301	42,001	39,098	0	48,987	36,032	35,435	32,040	56,830	57,548	58,747	47,900	27,006
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-66,104	-75,055	-13,522	-18,134	-14,020	-59,881	-9,497	-16,014	0	-5,157	-11,886	-17,619	-30,851	-271,482
Stock	160,791	48,793	-19,130	31,358	-4,522	186,960	10,426	2,185	-10,112	27,598	27,901	-222	2,388	84,756
Debtors	5,157	173,089	-50,614	-256,231	342,706	-83,641	103,180	34,357	33,013	109,074	-22,081	-25,113	132,361	545,857
Creditors	-63,984	244,740	-173,996	-333,328	365,768	169,907	-160,060	-14,746	34,593	105,219	-23,511	-35,400	86,399	455,937
Accruals and Deferred Income	-133,338	166,361	163,418	0	-33,591	-140,165	173,756	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	-6,304	-322	356	2,972	3,298
Cash flow from operations	-47,531	549,550	165,676	8,782	51,265	230,062	-26,391	47,244	42,448	35,211	64,269	102,590	90,554	558,361
Investing Activities
capital expenditure	-60,216	-61,647	-32,567	-172,565	43,120	-97,170	-28,399	-33,472	-23,593	-26,865	-40,013	-63,994	-64,720	-599,863
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-60,216	-61,647	-32,567	-172,565	43,120	-97,170	-28,399	-33,472	-23,593	-26,865	-40,013	-63,994	-64,720	-599,863
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-68,555	68,555	0	0	-65,770	65,770	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	-68,712	-58,676	23,917	103,471	0	0	0	0	0	0	-949	-148,363	-16,576	165,888
Hire Purchase and Lease Commitments	6,918	18,363	14,359	0	0	-40,133	40,133	0	0	0	0	0	0	0
other long term liabilities	0	0	-50,254	33,866	-32,730	49,118	-20,499	-6,716	-40,078	-43,217	-57,869	73,367	13,277	81,735
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100,000
interest	11,917	-7,056	-6,862	-832	2,498	629	502	961	992	1,127	1,263	-3,406	-8,702	-4,637
cash flow from financing	-49,877	-115,924	49,715	136,505	-30,232	-56,156	85,906	-5,755	-39,086	-42,090	-57,555	-78,402	-12,001	342,986
cash and cash equivalents
cash	-138,711	414,591	191,275	-27,278	70,263	69,683	32,058	8,017	-20,231	-33,744	-33,298	-39,806	13,833	301,484
overdraft	18,913	42,613	8,451	0	0	-943	943	0	0	0	0	0	0	0
change in cash	-157,624	371,978	182,824	-27,278	70,263	70,626	31,115	8,017	-20,231	-33,744	-33,298	-39,806	13,833	301,484

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COMMERCIAL FILTERS LIMITED group structure

Commercial Filters Limited has no subsidiary companies.

Ultimate parent company

COMMERCIAL FILTERS LIMITED

04096938

COMMERCIAL FILTERS LIMITED Shareholders

gdrn limited

100%

Commercial Filters Limited currently has 5 directors. The longest serving directors include Mr Graham Foster (Dec 2022) and Mr David Keane (Dec 2022).

officer	country	age	start	end	role
Mr Graham Foster		66 years	Dec 2022	-	Director
Mr David Keane	United Kingdom	59 years	Dec 2022	-	Director
Mr Richard Hodgkiss		48 years	Mar 2023	-	Director
Mr Neil Williams		54 years	Mar 2023	-	Director
Mr Mark Towers	England	44 years	Jun 2023	-	Director

P&L

October 2022

turnover

4.7m

+6%

operating profit

336k

gross margin

28.1%

+4.33%

turnover

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

Balance Sheet

October 2022

net assets

2.1m

+0.15%

total assets

3.1m

+0.01%

cash

808.1k

-0.15%

net assets

Total assets minus all liabilities

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company number

04096938

Type

Private limited with Share Capital

industry

45310 - Wholesale trade of motor vehicle parts and accessories

incorporation date

October 2000

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

march street, rochdale, lancashire, OL16 2AP

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 5 charges/mortgages relating to commercial filters limited. Currently there are 2 open charges and 3 have been satisfied in the past.

commercial filters limited Company Information

commercial filters limited Estimated Valuation

commercial filters limited Estimated Valuation

commercial filters limited Estimated Valuation

Commercial Filters Limited Overview

Commercial Filters Limited Health Check

COMMERCIAL FILTERS LIMITED financials

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commercial filters limited Ownership

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