k j plastering limited

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k j plastering limited Company Information

Share K J PLASTERING LIMITED

Company Number

04229136

Shareholders

mr kevin james gittins & mrs kevin james gittins & mrs donna marie gittins

deborah louise agger

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Group Structure

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Industry

Plastering

 

Registered Address

1-4 london road, spalding, lincolnshire, PE11 2TA

k j plastering limited Estimated Valuation

£739.7k

Pomanda estimates the enterprise value of K J PLASTERING LIMITED at £739.7k based on a Turnover of £1.8m and 0.41x industry multiple (adjusted for size and gross margin).

k j plastering limited Estimated Valuation

£859.5k

Pomanda estimates the enterprise value of K J PLASTERING LIMITED at £859.5k based on an EBITDA of £214.2k and a 4.01x industry multiple (adjusted for size and gross margin).

k j plastering limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of K J PLASTERING LIMITED at £2.3m based on Net Assets of £989.8k and 2.32x industry multiple (adjusted for liquidity).

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K J Plastering Limited Overview

K J Plastering Limited is a live company located in lincolnshire, PE11 2TA with a Companies House number of 04229136. It operates in the plastering sector, SIC Code 43310. Founded in June 2001, it's largest shareholder is mr kevin james gittins & mrs kevin james gittins & mrs donna marie gittins with a 65% stake. K J Plastering Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with low growth in recent years.

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K J Plastering Limited Health Check

Pomanda's financial health check has awarded K J Plastering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £1.8m, make it larger than the average company (£203.8k)

£1.8m - K J Plastering Limited

£203.8k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (11.7%)

1% - K J Plastering Limited

11.7% - Industry AVG

production

Production

with a gross margin of 25.6%, this company has a comparable cost of product (25.6%)

25.6% - K J Plastering Limited

25.6% - Industry AVG

profitability

Profitability

an operating margin of 8.8% make it as profitable than the average company (8.2%)

8.8% - K J Plastering Limited

8.2% - Industry AVG

employees

Employees

with 20 employees, this is above the industry average (2)

20 - K J Plastering Limited

2 - Industry AVG

paystructure

Pay Structure

on an average salary of £23.1k, the company has an equivalent pay structure (£23.1k)

£23.1k - K J Plastering Limited

£23.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £90.3k, this is less efficient (£130.2k)

£90.3k - K J Plastering Limited

£130.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 37 days, this is near the average (35 days)

37 days - K J Plastering Limited

35 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 35 days, this is slower than average (29 days)

35 days - K J Plastering Limited

29 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 15 days, this is more than average (8 days)

15 days - K J Plastering Limited

8 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 94 weeks, this is more cash available to meet short term requirements (30 weeks)

94 weeks - K J Plastering Limited

30 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 31.1%, this is a lower level of debt than the average (51.8%)

31.1% - K J Plastering Limited

51.8% - Industry AVG

K J PLASTERING LIMITED financials

EXPORTms excel logo

K J Plastering Limited's latest turnover from May 2024 is estimated at £1.8 million and the company has net assets of £989.8 thousand. According to their latest financial statements, K J Plastering Limited has 20 employees and maintains cash reserves of £649.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Turnover1,805,7022,335,9931,729,0901,747,609824,7312,371,5404,239,1984,005,3871,966,8502,452,4362,963,8451,637,454743,2541,076,664679,779
Other Income Or Grants
Cost Of Sales1,343,1291,685,3711,309,0861,273,435528,7771,496,9992,985,7972,792,2081,434,3491,631,4552,226,3231,085,976465,981681,780449,483
Gross Profit462,573650,622420,004474,174295,954874,5401,253,4011,213,179532,500820,980737,522551,477277,273394,884230,297
Admin Expenses303,828656,932340,802337,362221,796802,7361,142,0601,157,973457,633567,776651,875533,717285,518395,543116,893
Operating Profit158,745-6,31079,202136,81274,15871,804111,34155,20674,867253,20485,64717,760-8,245-659113,404
Interest Payable2,8933,7373,1693,0521,5255,7705,556
Interest Receivable28,66925,4746,1555994881,463669452929532506779235187
Pre-Tax Profit184,52115,42882,188134,35873,12167,496106,45455,65875,796253,73685,69717,827-8,166-424113,590
Tax-46,130-3,857-15,616-25,528-13,893-12,824-20,226-10,575-15,159-50,747-17,996-4,100-31,805
Profit After Tax138,39111,57166,572108,83059,22854,67286,22845,08360,637202,98967,70113,727-8,166-42481,785
Dividends Paid
Retained Profit138,39111,57166,572108,83059,22854,67286,22845,08360,637202,98967,70113,727-8,166-42481,785
Employee Costs461,820708,803609,744506,152535,844874,666866,750686,720522,624244,813325,941284,509132,599222,063153,744
Number Of Employees2023242426313121168109475
EBITDA*214,18433,716121,562143,142120,275125,966165,113108,287136,763292,385122,81443,13013,57227,995137,319

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Tangible Assets118,227145,237142,865174,340189,538227,140196,574161,108188,041117,434111,41676,02865,36986,10972,765
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets118,227145,237142,865174,340189,538227,140196,574161,108188,041117,434111,41676,02865,36986,10972,765
Stock & work in progress57,748603,364302,574270,21029,551267,656475,857310,818360,425394,311392,184242,234140,647141,26942,083
Trade Debtors186,60228,88243,974120,1777,878141,045328,22328,95389,96520,18934,56911,98254,47548,264
Group Debtors
Misc Debtors424,044171,103100,68379,39398,59489,81486,64296,69449,745
Cash649,799442,344689,849541,088656,237319,48070,526197,061164,321207,2105,51414,67712,03519,37774,655
misc current assets
total current assets1,318,1931,245,6931,137,0801,010,868792,260817,995961,248604,573603,444691,486417,887291,480164,664215,121165,002
total assets1,436,4201,390,9301,279,9451,185,208981,7981,045,1351,157,822765,681791,485808,920529,303367,508230,033301,230237,767
Bank overdraft9,7459,570170,958
Bank loan10,25510,000
Trade Creditors 131,063304,642197,493124,85969,632166,641211,614120,176100,441378,033280,792230,449110,776158,158135,308
Group/Directors Accounts
other short term finances
hp & lease commitments10,36711,8147,78816,00032,306
other current liabilities214,794176,547174,986196,763125,543182,184161,143106,752128,166
total current liabilities356,112491,189382,224331,192205,542360,639551,503242,928260,913378,033280,792230,449110,776158,158135,308
loans10,45820,71330,71540,51050,000
hp & lease commitments25,97536,34118,41026,19977,825
Accruals and Deferred Income
other liabilities50,4707,09248,78870,60537,65735,94247,79613,304
provisions29,55627,59527,14433,12435,82142,92337,34932,22233,49823,48722,28311,4809,12012,9156,370
total long term liabilities90,48448,30857,85980,726111,79679,26455,75958,421111,32372,27592,88849,13745,06260,71119,674
total liabilities446,596539,497440,083411,918317,338439,903607,262301,349372,236450,308373,680279,586155,838218,869154,982
net assets989,824851,433839,862773,290664,460605,232550,560464,332419,249358,612155,62387,92274,19582,36182,785
total shareholders funds989,824851,433839,862773,290664,460605,232550,560464,332419,249358,612155,62387,92274,19582,36182,785
May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Operating Activities
Operating Profit158,745-6,31079,202136,81274,15871,804111,34155,20674,867253,20485,64717,760-8,245-659113,404
Depreciation55,43940,02642,3606,33046,11754,16253,77253,08161,89639,18137,16725,37021,81728,65423,915
Amortisation
Tax-46,130-3,857-15,616-25,528-13,893-12,824-20,226-10,575-15,159-50,747-17,996-4,100-31,805
Stock-545,616300,79032,364240,659-238,105-208,201165,039-49,607-33,8862,127149,950101,587-62299,18642,083
Debtors410,66155,328-54,91393,098-124,387-184,006318,17117,996-11,26769,776-14,38022,587-42,4936,21148,264
Creditors-173,579107,14972,63455,227-97,009-44,97391,43819,735-277,59297,24150,343119,673-47,38222,850135,308
Accruals and Deferred Income38,2471,561-21,77771,220-56,64121,04154,391-21,414128,166
Deferred Taxes & Provisions1,961451-5,980-2,697-7,1025,5745,127-1,27610,0111,20410,8032,360-3,7956,5456,370
Cash flow from operations169,638-217,098173,372-92,393308,122486,991-187,367126,36827,342268,18030,39436,8895,510-48,007156,845
Investing Activities
capital expenditure-28,429-42,398-10,8858,868-8,515-84,728-89,238-26,148-132,503-45,199-72,555-36,029-1,077-41,998-96,680
Change in Investments
cash flow from investments-28,429-42,398-10,8858,868-8,515-84,728-89,238-26,148-132,503-45,199-72,555-36,029-1,077-41,998-96,680
Financing Activities
Bank loans25510,000
Group/Directors Accounts
Other Short Term Loans
Long term loans-10,255-10,002-9,795-9,49050,000
Hire Purchase and Lease Commitments-36,342-11,81321,957-16,001-67,932110,131
other long term liabilities50,470-7,0927,092-48,788-21,81732,9481,715-11,85434,49213,304
share issue1,000
interest25,77621,7372,986-2,453-1,037-4,307-4,887452929532506779235187
cash flow from financing66,24621,735-13,901-41,19337,15017,650-20,888-67,48062,272-21,28532,9981,782-11,77534,72714,491
cash and cash equivalents
cash207,455-247,505148,761-115,149336,757248,954-126,53532,740-42,889201,696-9,1632,642-7,342-55,27874,655
overdraft-9,7451759,570-170,958170,958
change in cash207,455-237,760148,586-124,719336,757419,912-297,49332,740-42,889201,696-9,1632,642-7,342-55,27874,655

k j plastering 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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K J Plastering Limited Competitor Analysis

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Perform a competitor analysis for k j plastering limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in PE11 area or any other competitors across 12 key performance metrics.

k j plastering limited Ownership

K J PLASTERING LIMITED group structure

K J Plastering Limited has no subsidiary companies.

Ultimate parent company

K J PLASTERING LIMITED

04229136

K J PLASTERING LIMITED Shareholders

mr kevin james gittins & mrs kevin james gittins & mrs donna marie gittins 65%
deborah louise agger 17.5%
richard agger 17.5%

k j plastering limited directors

K J Plastering Limited currently has 2 directors. The longest serving directors include Mr Kevin Gittins (Jun 2001) and Mr Richard Agger (Nov 2011).

officercountryagestartendrole
Mr Kevin Gittins54 years Jun 2001- Director
Mr Richard Agger47 years Nov 2011- Director

P&L

May 2024

turnover

1.8m

-23%

operating profit

158.7k

0%

gross margin

25.7%

-8.02%

turnover

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

Balance Sheet

May 2024

net assets

989.8k

+0.16%

total assets

1.4m

+0.03%

cash

649.8k

+0.47%

net assets

Total assets minus all liabilities

k j plastering limited company details

company number

04229136

Type

Private limited with Share Capital

industry

43310 - Plastering

incorporation date

June 2001

age

24

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

May 2024

previous names

N/A

accountant

TC GROUP BUSINESS ADVISORS

auditor

-

address

1-4 london road, spalding, lincolnshire, PE11 2TA

Bank

-

Legal Advisor

-

k j plastering 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 k j plastering limited. Currently there are 0 open charges and 1 have been satisfied in the past.

k j plastering 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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k j plastering limited Companies House Filings - See Documents

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