associate mechanical limited
associate mechanical limited Company Information
Company Number
04315522
Next Accounts
Jan 2025
Industry
Plumbing, heat and air-conditioning installation
Shareholders
david forsbrey
carl green
View AllGroup Structure
View All
Contact
Registered Address
staverton court staverton, cheltenham, gloucestershire, GL51 0UX
Website
associatemechanical.co.ukassociate mechanical limited Estimated Valuation
Pomanda estimates the enterprise value of ASSOCIATE MECHANICAL LIMITED at £1.2m based on a Turnover of £2.4m and 0.51x industry multiple (adjusted for size and gross margin).
associate mechanical limited Estimated Valuation
Pomanda estimates the enterprise value of ASSOCIATE MECHANICAL LIMITED at £48.2k based on an EBITDA of £11.9k and a 4.06x industry multiple (adjusted for size and gross margin).
associate mechanical limited Estimated Valuation
Pomanda estimates the enterprise value of ASSOCIATE MECHANICAL LIMITED at £5k based on Net Assets of £1.7k and 2.89x industry multiple (adjusted for liquidity).
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Associate Mechanical Limited Overview
Associate Mechanical Limited is a dissolved company that was located in gloucestershire, GL51 0UX with a Companies House number of 04315522. It operated in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in November 2001, it's largest shareholder was david forsbrey with a 49.9% stake. The last turnover for Associate Mechanical Limited was estimated at £2.4m.
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Associate Mechanical Limited Health Check
Pomanda's financial health check has awarded Associate Mechanical Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 8 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
8 Weak
Size
annual sales of £2.4m, make it larger than the average company (£232.6k)
- Associate Mechanical Limited
£232.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2%)
- Associate Mechanical Limited
2% - Industry AVG
Production
with a gross margin of 22.4%, this company has a higher cost of product (38%)
- Associate Mechanical Limited
38% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (8.8%)
- Associate Mechanical Limited
8.8% - Industry AVG
Employees
with 10 employees, this is below the industry average (67)
- Associate Mechanical Limited
67 - Industry AVG
Pay Structure
on an average salary of £35.3k, the company has an equivalent pay structure (£35.3k)
- Associate Mechanical Limited
£35.3k - Industry AVG
Efficiency
resulting in sales per employee of £236.7k, this is more efficient (£139k)
- Associate Mechanical Limited
£139k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is later than average (42 days)
- Associate Mechanical Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 160 days, this is slower than average (46 days)
- Associate Mechanical Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 75 days, this is more than average (10 days)
- Associate Mechanical Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (21 weeks)
0 weeks - Associate Mechanical Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.8%, this is a higher level of debt than the average (71.6%)
99.8% - Associate Mechanical Limited
71.6% - Industry AVG
ASSOCIATE MECHANICAL LIMITED financials
Associate Mechanical Limited's latest turnover from June 2013 is estimated at £2.4 million and the company has net assets of £1.7 thousand. According to their latest financial statements, we estimate that Associate Mechanical Limited has 10 employees and maintains cash reserves of £14.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|
| Tangible Assets | 34,086 | 53,674 | 78,272 | 75,639 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 34,086 | 53,674 | 78,272 | 75,639 |
| Stock & work in progress | 380,201 | 428,405 | 106,090 | 562,208 |
| Trade Debtors | 395,028 | 744,160 | 339,346 | 377,532 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 38,457 | 56,138 | 23,018 |
| Cash | 14,812 | 104 | 316,415 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 790,041 | 1,211,126 | 817,989 | 962,758 |
| total assets | 824,127 | 1,264,800 | 896,261 | 1,038,397 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 806,520 | 1,234,913 | 744,194 | 979,466 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 806,520 | 1,234,913 | 744,194 | 979,466 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 14,284 | 23,551 | 40,986 | 48,152 |
| provisions | 1,578 | 3,733 | 104,268 | 5,616 |
| total long term liabilities | 15,862 | 27,284 | 145,254 | 53,768 |
| total liabilities | 822,382 | 1,262,197 | 889,448 | 1,033,234 |
| net assets | 1,745 | 2,603 | 6,813 | 5,163 |
| total shareholders funds | 1,745 | 2,603 | 6,813 | 5,163 |
| Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 12,747 | 18,869 | 26,811 | 26,467 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | -48,204 | 322,315 | -456,118 | 562,208 |
| Debtors | -387,589 | 387,133 | -5,066 | 400,550 |
| Creditors | -428,393 | 490,719 | -235,272 | 979,466 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -2,155 | -100,535 | 98,652 | 5,616 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | -9,267 | -17,435 | -7,166 | 48,152 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 14,708 | -316,311 | 316,415 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 14,708 | -316,311 | 316,415 | 0 |
associate mechanical limited Credit Report and Business Information
Associate Mechanical Limited Competitor Analysis
Perform a competitor analysis for associate mechanical limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in GL51 area or any other competitors across 12 key performance metrics.
associate mechanical limited Ownership
ASSOCIATE MECHANICAL LIMITED group structure
Associate Mechanical Limited has no subsidiary companies.
Ultimate parent company
ASSOCIATE MECHANICAL LIMITED
04315522
associate mechanical limited directors
Associate Mechanical Limited currently has 2 directors. The longest serving directors include Mr Carl Green (Nov 2001) and Mr David Forsbrey (Dec 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Carl Green | United Kingdom | 62 years | Nov 2001 | - | Director |
| Mr David Forsbrey | United Kingdom | 68 years | Dec 2006 | - | Director |
P&L
June 2013turnover
2.4m
-35%
operating profit
-895.3
0%
gross margin
22.4%
-6.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2013net assets
1.7k
-0.33%
total assets
824.1k
-0.35%
cash
14.8k
+141.42%
net assets
Total assets minus all liabilities
associate mechanical limited company details
company number
04315522
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
November 2001
age
24
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
June 2013
previous names
N/A
accountant
-
auditor
-
address
staverton court staverton, cheltenham, gloucestershire, GL51 0UX
Bank
-
Legal Advisor
-
associate mechanical 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 associate mechanical limited.
associate mechanical 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.
Click to start generating capital raising & share issue transactions for ASSOCIATE MECHANICAL LIMITED. This can take several minutes, an email will notify you when this has completed.
associate mechanical limited Companies House Filings - See Documents
| date | description | view/download |
|---|
