varitec products limited Company Information
Company Number
04243708
Website
https://varitecsolutions.comRegistered Address
169 new london road, chelmsford, essex, CM2 0AE
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Directors
Timothy White22 Years
Shareholders
timothy platt white 100%
varitec products limited Estimated Valuation
Pomanda estimates the enterprise value of VARITEC PRODUCTS LIMITED at £471k based on a Turnover of £1.4m and 0.33x industry multiple (adjusted for size and gross margin).
varitec products limited Estimated Valuation
Pomanda estimates the enterprise value of VARITEC PRODUCTS LIMITED at £0 based on an EBITDA of £-20.8k and a 3.78x industry multiple (adjusted for size and gross margin).
varitec products limited Estimated Valuation
Pomanda estimates the enterprise value of VARITEC PRODUCTS LIMITED at £0 based on Net Assets of £-774.4k and 3x industry multiple (adjusted for liquidity).
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Varitec Products Limited Overview
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 low growth in recent years.
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Varitec Products Limited Health Check
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
3 Strong
1 Regular
6 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£2.7m)
- Varitec Products Limited
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.6%)
- Varitec Products Limited
3.6% - Industry AVG
Production
with a gross margin of 17.5%, this company has a higher cost of product (32.4%)
- Varitec Products Limited
32.4% - Industry AVG
Profitability
an operating margin of -1.5% make it less profitable than the average company (6%)
- Varitec Products Limited
6% - Industry AVG
Employees
with 8 employees, this is below the industry average (24)
- Varitec Products Limited
24 - Industry AVG
Pay Structure
on an average salary of £50.7k, the company has an equivalent pay structure (£50.7k)
- Varitec Products Limited
£50.7k - Industry AVG
Efficiency
resulting in sales per employee of £177.6k, this is more efficient (£117.7k)
- Varitec Products Limited
£117.7k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is earlier than average (68 days)
- Varitec Products Limited
68 days - Industry AVG
Creditor Days
its suppliers are paid after 252 days, this is slower than average (28 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 1060.6%, this is a higher level of debt than the average (57.3%)
1060.6% - Varitec Products Limited
57.3% - Industry AVG
varitec products limited Credit Report and Business Information
Varitec Products Limited Competitor Analysis
Perform a competitor analysis for varitec products limited by selecting its closest rivals and benchmarking them against 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 directors
Varitec Products Limited currently has 1 director, Mr Timothy White serving since Jul 2001.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Timothy White | England | 71 years | Jul 2001 | - | Director |
VARITEC PRODUCTS LIMITED financials
Varitec Products Limited's latest turnover from June 2023 is estimated at £1.4 million and the company has net assets of -£774.4 thousand. According to their latest financial statements, we estimate that Varitec Products Limited has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
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 | ||||||||||||||
Other Income Or Grants | ||||||||||||||
Cost Of Sales | ||||||||||||||
Gross Profit | ||||||||||||||
Admin Expenses | ||||||||||||||
Operating Profit | ||||||||||||||
Interest Payable | ||||||||||||||
Interest Receivable | ||||||||||||||
Pre-Tax Profit | ||||||||||||||
Tax | ||||||||||||||
Profit After Tax | ||||||||||||||
Dividends Paid | ||||||||||||||
Retained Profit | ||||||||||||||
Employee Costs | ||||||||||||||
Number Of Employees | ||||||||||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
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 | 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 | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,164 | 25,643 | 36,313 | 35,900 | 32,815 | 4,260 | 0 |
Trade Debtors | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,675 | 858 | 363 | 1,221 | 8,801 | 1,697 | 237 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 707,622 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 45,000 | 45,000 | 40,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 45,000 | 45,000 | 40,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 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 | -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 | -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 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 | ||||||||||||||
Depreciation | 4,481 | 5,675 | 6,960 | 6,478 | 5,551 | 2,535 | 2,001 | |||||||
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
Tax | ||||||||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | -26,164 | 521 | -10,670 | 413 | 3,085 | 28,555 | 4,260 | 0 |
Debtors | -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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | ||||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -707,622 | 707,622 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 4,500 | 40,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | ||||||||||||||
interest | ||||||||||||||
cash flow from financing | ||||||||||||||
cash and cash equivalents | ||||||||||||||
cash | 0 | 0 | 0 | 0 | 0 | 0 | -1,675 | 817 | 495 | -858 | -7,580 | 7,104 | 1,460 | 237 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -1,675 | 817 | 495 | -858 | -7,580 | 7,104 | 1,460 | 237 |
P&L
June 2023turnover
1.4m
+17%
operating profit
-20.8k
0%
gross margin
17.5%
+1.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-774.4k
+0.03%
total assets
80.6k
-0.01%
cash
0
0%
net assets
Total assets minus all liabilities
varitec products limited company details
company number
04243708
Type
Private limited with Share Capital
industry
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
23
accounts
Micro-Entity Accounts
ultimate parent company
previous names
21st century mog limited (January 2005)
incorporated
UK
address
169 new london road, chelmsford, essex, CM2 0AE
last accounts submitted
June 2023
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 Companies House Filings - See Documents
date | description | view/download |
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