flexifill limited

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flexifill limited Company Information

Share FLEXIFILL LIMITED

Company Number

04197804

Shareholders

clive antony shipway

katie shipway

Group Structure

View All

Industry

Manufacture of machinery for food, beverage and tobacco processing

 

Registered Address

unit 1 short way, thornbury industrial estate, thornbury, bristol, BS35 3UT

flexifill limited Estimated Valuation

£391.9k

Pomanda estimates the enterprise value of FLEXIFILL LIMITED at £391.9k based on a Turnover of £538.2k and 0.73x industry multiple (adjusted for size and gross margin).

flexifill limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FLEXIFILL LIMITED at £0 based on an EBITDA of £-127.9k and a 5.24x industry multiple (adjusted for size and gross margin).

flexifill limited Estimated Valuation

£619.4k

Pomanda estimates the enterprise value of FLEXIFILL LIMITED at £619.4k based on Net Assets of £248.5k and 2.49x industry multiple (adjusted for liquidity).

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Flexifill Limited Overview

Flexifill Limited is a live company located in thornbury, BS35 3UT with a Companies House number of 04197804. It operates in the manufacture of machinery for food, beverage and tobacco processing sector, SIC Code 28930. Founded in April 2001, it's largest shareholder is clive antony shipway with a 76% stake. Flexifill Limited is a mature, small sized company, Pomanda has estimated its turnover at £538.2k with declining growth in recent years.

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Flexifill Limited Health Check

Pomanda's financial health check has awarded Flexifill Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £538.2k, make it smaller than the average company (£17.4m)

£538.2k - Flexifill Limited

£17.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (8%)

-6% - Flexifill Limited

8% - Industry AVG

production

Production

with a gross margin of 22.9%, this company has a higher cost of product (29.8%)

22.9% - Flexifill Limited

29.8% - Industry AVG

profitability

Profitability

an operating margin of -28.3% make it less profitable than the average company (6.4%)

-28.3% - Flexifill Limited

6.4% - Industry AVG

employees

Employees

with 7 employees, this is below the industry average (84)

7 - Flexifill Limited

84 - Industry AVG

paystructure

Pay Structure

on an average salary of £58.4k, the company has an equivalent pay structure (£58.4k)

£58.4k - Flexifill Limited

£58.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £76.9k, this is less efficient (£246.6k)

£76.9k - Flexifill Limited

£246.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 47 days, this is earlier than average (68 days)

47 days - Flexifill Limited

68 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 172 days, this is slower than average (37 days)

172 days - Flexifill Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 24 days, this is less than average (78 days)

24 days - Flexifill Limited

78 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 77 weeks, this is more cash available to meet short term requirements (12 weeks)

77 weeks - Flexifill Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 48.1%, this is a similar level of debt than the average (47.1%)

48.1% - Flexifill Limited

47.1% - Industry AVG

FLEXIFILL LIMITED financials

EXPORTms excel logo

Flexifill Limited's latest turnover from April 2024 is estimated at £538.2 thousand and the company has net assets of £248.5 thousand. According to their latest financial statements, Flexifill Limited has 7 employees and maintains cash reserves of £290.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover538,179586,080687,380657,095578,228647,379561,389518,492715,295481,384880,602451,415587,949555,290400,705
Other Income Or Grants000000000000000
Cost Of Sales415,013451,915551,607524,428451,502522,242432,842417,723562,384369,171677,625349,018452,715435,280327,489
Gross Profit123,165134,165135,773132,667126,726125,137128,547100,769152,910112,213202,977102,396135,235120,00973,216
Admin Expenses275,35369,007121,755128,156216,080-186,121758,466-351,430251,346-62,396217,110143,218-4,787-38,578-172,733
Operating Profit-152,18865,15814,0184,511-89,354311,258-629,919452,199-98,436174,609-14,133-40,822140,022158,587245,949
Interest Payable000000000000000
Interest Receivable17,65617,0273,0002862702,5902,8381,4282,0252,0912,0842,3522,0461,304472
Pre-Tax Profit-134,53282,18517,0194,798-89,084313,848-627,081453,627-96,411176,700-12,049-38,470142,067159,891246,421
Tax0-20,546-3,234-9120-59,6310-86,1890-35,34000-34,096-41,572-68,998
Profit After Tax-134,53261,63913,7853,886-89,084254,217-627,081367,438-96,411141,360-12,049-38,470107,971118,319177,423
Dividends Paid000000000000000
Retained Profit-134,53261,63913,7853,886-89,084254,217-627,081367,438-96,411141,360-12,049-38,470107,971118,319177,423
Employee Costs408,618387,808354,977299,998309,354352,697339,609332,279425,61393,385134,37986,811128,080122,76079,618
Number Of Employees777667779232332
EBITDA*-127,87074,97020,66012,827-79,357323,881-625,282457,680-92,395180,117-9,414-35,321144,585161,265248,836

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets89,77949,22929,15835,80041,56651,41425,23729,69132,40528,78123,48926,84025,85515,17516,357
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets89,77949,22929,15835,80041,56651,41425,23729,69132,40528,78123,48926,84025,85515,17516,357
Stock & work in progress27,50025,50027,20023,50022,60025,00025,00025,00023,00020,00045,00020,00020,0005,0003,105
Trade Debtors70,212118,690103,465155,816179,503164,31265,28897,064155,780121,979213,33997,763152,237185,219120,190
Group Debtors000000000000000
Misc Debtors000000000000000
Cash290,897381,695419,583380,437192,295346,792343,839791,197351,268458,541377,970455,568485,309332,893188,716
misc current assets000000000000000
total current assets388,609525,885550,248559,753394,398536,104434,127913,261530,048600,520636,309573,331657,546523,112312,011
total assets478,388575,114579,406595,553435,964587,518459,364942,952562,453629,301659,798600,171683,401538,287328,368
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 196,186192,121258,052276,444118,145178,019170,807177,314164,253134,673306,530208,325266,197242,434150,834
Group/Directors Accounts000000150,007000026,52913,38000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities000000000000000
total current liabilities196,186192,121258,052276,444118,145178,019320,814177,314164,253134,673306,530234,854279,577242,434150,834
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities33,7410011,54014,13616,732000000000
provisions000000000000000
total long term liabilities33,7410011,54014,13616,732000000000
total liabilities229,927192,121258,052287,984132,281194,751320,814177,314164,253134,673306,530234,854279,577242,434150,834
net assets248,461382,993321,354307,569303,683392,767138,550765,638398,200494,628353,268365,317403,824295,853177,534
total shareholders funds248,461382,993321,354307,569303,683392,767138,550765,638398,200494,628353,268365,317403,824295,853177,534
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit-152,18865,15814,0184,511-89,354311,258-629,919452,199-98,436174,609-14,133-40,822140,022158,587245,949
Depreciation24,3189,8126,6428,3169,99712,6234,6375,4816,0415,5084,7195,5014,5632,6782,887
Amortisation000000000000000
Tax0-20,546-3,234-9120-59,6310-86,1890-35,34000-34,096-41,572-68,998
Stock2,000-1,7003,700900-2,400002,0003,000-25,00025,000015,0001,8953,105
Debtors-48,47815,225-52,351-23,68715,19199,024-31,776-58,71633,801-91,360115,576-54,474-32,98265,029120,190
Creditors4,065-65,931-18,392158,299-59,8747,212-6,50713,06129,580-171,85798,205-57,87223,76391,600150,834
Accruals and Deferred Income000000000000000
Deferred Taxes & Provisions000000000000000
Cash flow from operations-77,327-25,03247,685193,001-152,022172,438-600,013441,268-99,61689,280-51,785-38,719152,234144,369207,377
Investing Activities
capital expenditure-64,868-29,8830-2,550-149-38,800-183-2,767-9,665-10,800-1,368-6,486-15,243-1,496-19,244
Change in Investments000000000000000
cash flow from investments-64,868-29,8830-2,550-149-38,800-183-2,767-9,665-10,800-1,368-6,486-15,243-1,496-19,244
Financing Activities
Bank loans000000000000000
Group/Directors Accounts00000-150,007150,007000-26,52913,14913,38000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities33,7410-11,540-2,596-2,59616,732000000000
share issue000000-70-1700-3700111
interest17,65617,0273,0002862702,5902,8381,4282,0252,0912,0842,3522,0461,304472
cash flow from financing51,39717,027-8,540-2,310-2,326-130,685152,8381,4282,0082,091-24,44515,46415,4261,304583
cash and cash equivalents
cash-90,798-37,88839,146188,142-154,4972,953-447,358439,929-107,27380,571-77,598-29,741152,416144,177188,716
overdraft000000000000000
change in cash-90,798-37,88839,146188,142-154,4972,953-447,358439,929-107,27380,571-77,598-29,741152,416144,177188,716

flexifill 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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Flexifill Limited Competitor Analysis

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Perform a competitor analysis for flexifill limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in BS35 area or any other competitors across 12 key performance metrics.

flexifill limited Ownership

FLEXIFILL LIMITED group structure

Flexifill Limited has no subsidiary companies.

Ultimate parent company

FLEXIFILL LIMITED

04197804

FLEXIFILL LIMITED Shareholders

clive antony shipway 76%
katie shipway 24%

flexifill limited directors

Flexifill Limited currently has 2 directors. The longest serving directors include Mr Clive Shipway (May 2002) and Mrs Katie Shipway (Mar 2022).

officercountryagestartendrole
Mr Clive Shipway49 years May 2002- Director
Mrs Katie Shipway43 years Mar 2022- Director

P&L

April 2024

turnover

538.2k

-8%

operating profit

-152.2k

0%

gross margin

22.9%

-0.03%

turnover

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

Balance Sheet

April 2024

net assets

248.5k

-0.35%

total assets

478.4k

-0.17%

cash

290.9k

-0.24%

net assets

Total assets minus all liabilities

flexifill limited company details

company number

04197804

Type

Private limited with Share Capital

industry

28930 - Manufacture of machinery for food, beverage and tobacco processing

incorporation date

April 2001

age

24

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

April 2024

previous names

quadrant west limited (June 2002)

accountant

JAY & JAY PARTNERSHIP LIMITED

auditor

-

address

unit 1 short way, thornbury industrial estate, thornbury, bristol, BS35 3UT

Bank

-

Legal Advisor

-

flexifill 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 1 charges/mortgages relating to flexifill limited. Currently there are 0 open charges and 1 have been satisfied in the past.

flexifill 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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flexifill limited Companies House Filings - See Documents

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