Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Pomanda estimates the enterprise value of VARITEC PRODUCTS LIMITED at £504.5k based on a Turnover of £1.4m and 0.37x industry multiple (adjusted for size and gross margin).
varitec products limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of VARITEC PRODUCTS LIMITED at £0 based on an EBITDA of £-38.3k and a 3.11x industry multiple (adjusted for size and gross margin).
varitec products limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of VARITEC PRODUCTS LIMITED at £0 based on Net Assets of £-812.7k and 2.36x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Varitec Products LimitedOverview
Varitec Products Limited is a live company located in essex, CM2 0AE with a Companies House number of 04243708. It operates in the other engineering activities sector, SIC Code 71129. Founded in June 2001, it's largest shareholder is
timothy platt white
with a 100% stake. Varitec Products Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£1.4m with
declining
growth in recent years.
Pomanda's financial health check has awarded Varitec Products Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
3 Strong
1 Regular
6 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£3.7m)
£1.4m - Varitec Products Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (10.7%)
-6% - Varitec Products Limited
10.7% - Industry AVG
Production
with a gross margin of 19.8%, this company has a higher cost of product (34.2%)
19.8% - Varitec Products Limited
34.2% - Industry AVG
Profitability
an operating margin of -2.8% make it less profitable than the average company (6.4%)
-2.8% - Varitec Products Limited
6.4% - Industry AVG
Employees
with 6 employees, this is below the industry average (26)
6 - Varitec Products Limited
26 - Industry AVG
Pay Structure
on an average salary of £55.3k, the company has an equivalent pay structure (£55.3k)
£55.3k - Varitec Products Limited
£55.3k - Industry AVG
Efficiency
resulting in sales per employee of £229.9k, this is more efficient (£130.7k)
£229.9k - Varitec Products Limited
£130.7k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (68 days)
17 days - Varitec Products Limited
68 days - Industry AVG
Creditor Days
its suppliers are paid after 279 days, this is slower than average (28 days)
279 days - Varitec Products Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Varitec Products Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Varitec Products Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1218.2%, this is a higher level of debt than the average (55.9%)
1218.2% - Varitec Products Limited
55.9% - Industry AVG
VARITEC PRODUCTS LIMITED financials
EXPORT
Varitec Products Limited's latest turnover from June 2024 is estimated at £1.4 million and the company has net assets of -£812.7 thousand. According to their latest financial statements, we estimate that Varitec Products Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Turnover
1,379,250
1,433,037
1,206,438
1,669,745
1,323,699
1,188,565
1,152,416
116,084
880,027
794,153
757,492
667,400
529,965
393,796
369,694
Other Income Or Grants
Cost Of Sales
1,106,711
1,156,427
996,153
1,387,865
1,104,068
973,746
949,256
93,414
715,484
621,306
606,492
528,095
411,514
301,753
284,308
Gross Profit
272,539
276,610
210,286
281,880
219,630
214,820
203,160
22,670
164,543
172,847
151,000
139,305
118,451
92,043
85,386
Admin Expenses
310,831
297,389
232,714
278,060
240,762
240,986
231,242
55,751
220,891
232,610
194,882
192,551
160,929
122,295
425,283
Operating Profit
-38,292
-20,779
-22,428
3,820
-21,132
-26,166
-28,082
-33,081
-56,348
-59,763
-43,882
-53,246
-42,478
-30,252
-339,897
Interest Payable
Interest Receivable
2
6
3
4
25
26
5
1
Pre-Tax Profit
-38,292
-20,779
-22,428
3,820
-21,132
-26,166
-28,082
-33,079
-56,342
-59,760
-43,878
-53,221
-42,452
-30,247
-339,896
Tax
-726
Profit After Tax
-38,292
-20,779
-22,428
3,094
-21,132
-26,166
-28,082
-33,079
-56,342
-59,760
-43,878
-53,221
-42,452
-30,247
-339,896
Dividends Paid
Retained Profit
-38,292
-20,779
-22,428
3,094
-21,132
-26,166
-28,082
-33,079
-56,342
-59,760
-43,878
-53,221
-42,452
-30,247
-339,896
Employee Costs
331,654
378,346
304,691
468,835
319,476
334,138
328,633
44,495
230,758
187,329
138,974
130,637
126,352
80,434
116,894
Number Of Employees
6
7
6
10
7
7
7
1
5
4
3
3
3
2
3
EBITDA*
-38,292
-20,779
-22,428
3,820
-21,132
-26,166
-28,082
-33,081
-51,867
-54,088
-36,922
-46,768
-36,927
-27,717
-337,896
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Tangible Assets
8,059
7,069
7,836
9,179
7,665
9,578
11,972
14,967
17,933
22,716
27,846
25,890
22,196
10,142
7,985
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
8,059
7,069
7,836
9,179
7,665
9,578
11,972
14,967
17,933
22,716
27,846
25,890
22,196
10,142
7,985
Stock & work in progress
26,164
25,643
36,313
35,900
32,815
4,260
Trade Debtors
64,617
73,543
73,890
98,296
49,696
50,238
45,363
43,664
3,811
7,316
7,944
9,584
9,671
5,410
7,009
Group Debtors
Misc Debtors
Cash
1,675
858
363
1,221
8,801
1,697
237
misc current assets
total current assets
64,617
73,543
73,890
98,296
49,696
50,238
45,363
43,664
31,650
33,817
44,620
46,705
51,287
11,367
7,246
total assets
72,676
80,612
81,726
107,475
57,361
59,816
57,335
58,631
49,583
56,533
72,466
72,595
73,483
21,509
15,231
Bank overdraft
Bank loan
Trade Creditors
848,415
809,980
790,315
798,136
791,616
772,939
744,292
9,884
675,378
625,986
582,159
538,410
486,077
391,651
355,126
Group/Directors Accounts
707,622
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
848,415
809,980
790,315
798,136
791,616
772,939
744,292
717,506
675,378
625,986
582,159
538,410
486,077
391,651
355,126
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
36,921
45,000
45,000
40,500
provisions
total long term liabilities
36,921
45,000
45,000
40,500
total liabilities
885,336
854,980
835,315
838,636
791,616
772,939
744,292
717,506
675,378
625,986
582,159
538,410
486,077
391,651
355,126
net assets
-812,660
-774,368
-753,589
-731,161
-734,255
-713,123
-686,957
-658,875
-625,795
-569,453
-509,693
-465,815
-412,594
-370,142
-339,895
total shareholders funds
-812,660
-774,368
-753,589
-731,161
-734,255
-713,123
-686,957
-658,875
-625,795
-569,453
-509,693
-465,815
-412,594
-370,142
-339,895
Jun 2024
Jun 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
Jun 2015
Jun 2014
Jun 2013
Jun 2012
Jun 2011
Jun 2010
Operating Activities
Operating Profit
-38,292
-20,779
-22,428
3,820
-21,132
-26,166
-28,082
-33,081
-56,348
-59,763
-43,882
-53,246
-42,478
-30,252
-339,897
Depreciation
4,481
5,675
6,960
6,478
5,551
2,535
2,001
Amortisation
Tax
-726
Stock
-26,164
521
-10,670
413
3,085
28,555
4,260
Debtors
-8,926
-347
-24,406
48,600
-542
4,875
1,699
39,853
-3,505
-628
-1,640
-87
4,261
-1,599
7,009
Creditors
38,435
19,665
-7,821
6,520
18,677
28,647
734,408
-665,494
49,392
43,827
43,749
52,333
94,426
36,525
355,126
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
9,069
-767
-5,843
-38,986
-1,913
-2,394
704,627
-712,264
509
1,037
8,054
2,567
24,683
6,147
10,221
Investing Activities
capital expenditure
-990
767
1,343
-1,514
1,913
2,394
2,995
2,966
302
-545
-8,916
-10,172
-17,605
-4,692
-9,986
Change in Investments
cash flow from investments
-990
767
1,343
-1,514
1,913
2,394
2,995
2,966
302
-545
-8,916
-10,172
-17,605
-4,692
-9,986
Financing Activities
Bank loans
Group/Directors Accounts
-707,622
707,622
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-8,079
4,500
40,500
share issue
-1
1
interest
2
6
3
4
25
26
5
1
cash flow from financing
-8,079
4,500
40,500
-707,622
707,623
6
3
4
25
26
5
2
cash and cash equivalents
cash
-1,675
817
495
-858
-7,580
7,104
1,460
237
overdraft
change in cash
-1,675
817
495
-858
-7,580
7,104
1,460
237
varitec products 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 varitec products limited. Get real-time insights into varitec products limited's credit score, group structure and payment trends.
Perform a competitor analysis for varitec products limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in CM2 area or any other competitors across 12 key performance metrics.
varitec products limited Ownership
VARITEC PRODUCTS LIMITED group structure
Varitec Products Limited has no subsidiary companies.
Ultimate parent company
VARITEC PRODUCTS LIMITED
04243708
VARITEC PRODUCTS LIMITED Shareholders
The sole shareholder of Varitec Products Limited is Timothy Platt White.
timothy platt white
100%
varitec products limited directors
Varitec Products Limited currently has 1 director, Mr Timothy White serving since Jul 2001.
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
June 2001
age
24
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
June 2024
previous names
21st century mog limited (January 2005)
accountant
-
auditor
-
address
169 new london road, chelmsford, essex, CM2 0AE
Bank
-
Legal Advisor
-
varitec products 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 did not find charges/mortgages relating to varitec products limited.
varitec products 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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varitec products limitedCompanies House Filings - See Documents
