varitec products limited

2.5

varitec products limited Company Information

Share VARITEC PRODUCTS LIMITED
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Company Number

04243708

Registered 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

£471k

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

£0

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

£0

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).

Valuation Calculator
This valuation is estimated based on financial data from June 2023 

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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

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £1.4m, make it smaller than the average company (£2.7m)

£1.4m - Varitec Products Limited

£2.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.6%)

2% - Varitec Products Limited

3.6% - Industry AVG

production

Production

with a gross margin of 17.5%, this company has a higher cost of product (32.4%)

17.5% - Varitec Products Limited

32.4% - Industry AVG

profitability

Profitability

an operating margin of -1.5% make it less profitable than the average company (6%)

-1.5% - Varitec Products Limited

6% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (24)

8 - Varitec Products Limited

24 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.7k, the company has an equivalent pay structure (£50.7k)

£50.7k - Varitec Products Limited

£50.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £177.6k, this is more efficient (£117.7k)

£177.6k - Varitec Products Limited

£117.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 18 days, this is earlier than average (68 days)

18 days - Varitec Products Limited

68 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 252 days, this is slower than average (28 days)

252 days - Varitec Products Limited

28 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Varitec Products Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Varitec Products Limited

- - Industry AVG

debtlevel

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

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Varitec Products Limited Competitor Analysis

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competitor_analysis_table_img

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 Shareholders

timothy platt white 100%

varitec products limited directors

Varitec Products Limited currently has 1 director, Mr Timothy White serving since Jul 2001.

officercountryagestartendrole
Mr Timothy WhiteEngland71 years Jul 2001- Director

VARITEC PRODUCTS LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover1,420,9981,218,2071,675,1851,356,6751,320,8801,206,006117,421840,940767,240728,580659,966504,438392,343385,219
Other Income Or Grants00000000000000
Cost Of Sales1,172,3621,007,4041,413,8191,146,2181,117,734995,28693,952688,532603,513583,178520,541390,185298,984295,873
Gross Profit248,636210,803261,367210,457203,146210,71923,469152,407163,726145,402139,425114,25393,35989,346
Admin Expenses269,415233,231257,547231,589229,312238,80156,550208,755223,489189,284192,671156,731123,611429,243
Operating Profit-20,779-22,4283,820-21,132-26,166-28,082-33,081-56,348-59,763-43,882-53,246-42,478-30,252-339,897
Interest Payable00000000000000
Interest Receivable0000002634252651
Pre-Tax Profit-20,779-22,4283,820-21,132-26,166-28,082-33,079-56,342-59,760-43,878-53,221-42,452-30,247-339,896
Tax00-72600000000000
Profit After Tax-20,779-22,4283,094-21,132-26,166-28,082-33,079-56,342-59,760-43,878-53,221-42,452-30,247-339,896
Dividends Paid00000000000000
Retained Profit-20,779-22,4283,094-21,132-26,166-28,082-33,079-56,342-59,760-43,878-53,221-42,452-30,247-339,896
Employee Costs405,594336,214446,103346,405377,858324,34842,937230,758186,876138,280130,135126,35280,335117,170
Number Of Employees871088715433323
EBITDA*-20,779-22,4283,820-21,132-26,166-28,082-33,081-51,867-54,088-36,922-46,768-36,927-27,717-337,896

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets7,0697,8369,1797,6659,57811,97214,96717,93322,71627,84625,89022,19610,1427,985
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets7,0697,8369,1797,6659,57811,97214,96717,93322,71627,84625,89022,19610,1427,985
Stock & work in progress000000026,16425,64336,31335,90032,8154,2600
Trade Debtors73,54373,89098,29649,69650,23845,36343,6643,8117,3167,9449,5849,6715,4107,009
Group Debtors00000000000000
Misc Debtors00000000000000
Cash00000001,6758583631,2218,8011,697237
misc current assets00000000000000
total current assets73,54373,89098,29649,69650,23845,36343,66431,65033,81744,62046,70551,28711,3677,246
total assets80,61281,726107,47557,36159,81657,33558,63149,58356,53372,46672,59573,48321,50915,231
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 809,980790,315798,136791,616772,939744,2929,884675,378625,986582,159538,410486,077391,651355,126
Group/Directors Accounts000000707,6220000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities00000000000000
total current liabilities809,980790,315798,136791,616772,939744,292717,506675,378625,986582,159538,410486,077391,651355,126
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities45,00045,00040,50000000000000
provisions00000000000000
total long term liabilities45,00045,00040,50000000000000
total liabilities854,980835,315838,636791,616772,939744,292717,506675,378625,986582,159538,410486,077391,651355,126
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 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit-20,779-22,4283,820-21,132-26,166-28,082-33,081-56,348-59,763-43,882-53,246-42,478-30,252-339,897
Depreciation00000004,4815,6756,9606,4785,5512,5352,001
Amortisation00000000000000
Tax00-72600000000000
Stock000000-26,164521-10,6704133,08528,5554,2600
Debtors-347-24,40648,600-5424,8751,69939,853-3,505-628-1,640-874,261-1,5997,009
Creditors19,665-7,8216,52018,67728,647734,408-665,49449,39243,82743,74952,33394,42636,525355,126
Accruals and Deferred Income00000000000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations-767-5,843-38,986-1,913-2,394704,627-712,2645091,0378,0542,56724,6836,14710,221
Investing Activities
capital expenditure7671,343-1,5141,9132,3942,9952,966302-545-8,916-10,172-17,605-4,692-9,986
Change in Investments00000000000000
cash flow from investments7671,343-1,5141,9132,3942,9952,966302-545-8,916-10,172-17,605-4,692-9,986
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000-707,622707,6220000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities04,50040,50000000000000
share issue000000-10000001
interest0000002634252651
cash flow from financing04,50040,50000-707,622707,623634252652
cash and cash equivalents
cash000000-1,675817495-858-7,5807,1041,460237
overdraft00000000000000
change in cash000000-1,675817495-858-7,5807,1041,460237

P&L

June 2023

turnover

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 2023

net 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

None

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.

charges

varitec products limited Companies House Filings - See Documents

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