api (northwest) limited

api (northwest) limited Company Information

Share API (NORTHWEST) LIMITED
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Company Number

04388377

Industry

Renting and operating of Housing Association real estate

 

Shareholders

michael luke armstrong

david armstrong

Group Structure

View All

Contact

Registered Address

hamill house, 112-116 chorley new road, bolton, lancashire, BL1 4DH

Website

-

api (northwest) limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of API (NORTHWEST) LIMITED at £1.7m based on a Turnover of £378.5k and 4.37x industry multiple (adjusted for size and gross margin).

api (northwest) limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of API (NORTHWEST) LIMITED at £1.1m based on an EBITDA of £133.1k and a 8.03x industry multiple (adjusted for size and gross margin).

api (northwest) limited Estimated Valuation

£771.9k

Pomanda estimates the enterprise value of API (NORTHWEST) LIMITED at £771.9k based on Net Assets of £431k and 1.79x industry multiple (adjusted for liquidity).

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Api (northwest) Limited Overview

Api (northwest) Limited is a live company located in bolton, BL1 4DH with a Companies House number of 04388377. It operates in the renting and operating of housing association real estate sector, SIC Code 68201. Founded in March 2002, it's largest shareholder is michael luke armstrong with a 51% stake. Api (northwest) Limited is a mature, micro sized company, Pomanda has estimated its turnover at £378.5k with healthy growth in recent years.

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Api (northwest) Limited Health Check

Pomanda's financial health check has awarded Api (Northwest) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

6 Weak

size

Size

annual sales of £378.5k, make it smaller than the average company (£1.5m)

£378.5k - Api (northwest) Limited

£1.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (2.2%)

6% - Api (northwest) Limited

2.2% - Industry AVG

production

Production

with a gross margin of 57.6%, this company has a comparable cost of product (57.6%)

57.6% - Api (northwest) Limited

57.6% - Industry AVG

profitability

Profitability

an operating margin of 35.1% make it more profitable than the average company (14.1%)

35.1% - Api (northwest) Limited

14.1% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (7)

3 - Api (northwest) Limited

7 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.3k, the company has an equivalent pay structure (£35.3k)

£35.3k - Api (northwest) Limited

£35.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £126.2k, this is less efficient (£150.4k)

£126.2k - Api (northwest) Limited

£150.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 24 days, this is later than average (18 days)

24 days - Api (northwest) Limited

18 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 26 days, this is quicker than average (30 days)

26 days - Api (northwest) Limited

30 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Api (northwest) Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 26 weeks, this is average cash available to meet short term requirements (24 weeks)

26 weeks - Api (northwest) Limited

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 68.8%, this is a higher level of debt than the average (59.8%)

68.8% - Api (northwest) Limited

59.8% - Industry AVG

API (NORTHWEST) LIMITED financials

EXPORTms excel logo

Api (Northwest) Limited's latest turnover from June 2023 is estimated at £378.5 thousand and the company has net assets of £431 thousand. According to their latest financial statements, we estimate that Api (Northwest) Limited has 3 employees and maintains cash reserves of £55.1 thousand 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
Turnover378,528322,036447,270318,017000331244,107201,515138,766706,537152,884749,659
Other Income Or Grants00000000000000
Cost Of Sales160,542137,338164,000103,9800008784,67771,08346,237196,82140,191206,332
Gross Profit217,986184,698283,270214,037000244159,430130,43292,529509,716112,693543,327
Admin Expenses85,177108,136216,775155,777-18,042-62,834-25,649-18,745178,01051,621-68,752385,977-45,40138,642
Operating Profit132,80976,56266,49558,26018,04262,83425,64918,989-18,58078,811161,281123,739158,094504,685
Interest Payable94,99563,44252,11350,98553,85549,42148,41525,627000000
Interest Receivable2,06821610171406116165126172231346163
Pre-Tax Profit39,88313,33614,3917,293-35,67313,474-22,750-6,622-18,57578,937161,453123,970158,441504,847
Tax-9,971-2,534-2,734-1,3860-2,560000-16,577-37,134-29,753-41,195-141,357
Profit After Tax29,91210,80211,6575,907-35,67310,914-22,750-6,622-18,57562,360124,31994,217117,246363,490
Dividends Paid00000000000000
Retained Profit29,91210,80211,6575,907-35,67310,914-22,750-6,622-18,57562,360124,31994,217117,246363,490
Employee Costs106,036102,397136,49794,77300027,00055,61253,62127,237129,81345,592156,140
Number Of Employees33430001221526
EBITDA*133,05776,56266,49558,26018,04262,83425,64918,989-18,58078,811161,281123,739158,094504,685

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets1,0760000000000002,300,000
Intangible Assets00000000000000
Investments & Other1,272,5001,272,5001,250,0001,250,0001,250,0001,250,0001,250,0001,250,0001,250,0001,250,0001,250,0002,300,0002,300,0000
Debtors (Due After 1 year)000000026,579000000
Total Fixed Assets1,273,5761,272,5001,250,0001,250,0001,250,0001,250,0001,250,0001,276,5791,250,0001,250,0001,250,0002,300,0002,300,0002,300,000
Stock & work in progress00000000000000
Trade Debtors25,01324,01632,61919,07600009,0297,0983,23345,3933,35213,500
Group Debtors24,86924,8690007,85600000000
Misc Debtors3,5103,31953,8652,7205,8093,756534544000000
Cash55,14227,5977,00913,31621,07716,3228,1674,6391,74345149,97218,81273,51765,012
misc current assets00000000000000
total current assets108,53479,80193,49335,11226,88627,9348,7015,18310,7727,54953,20564,20576,86978,512
total assets1,382,1101,352,3011,343,4931,285,1121,276,8861,277,9341,258,7011,281,7621,260,7721,257,5491,303,2052,364,2052,376,8692,378,512
Bank overdraft7,4007,4005,5500000104,275000000
Bank loan00000000000000
Trade Creditors 11,7993,38421,6153,072000150197,575167,598185,250194,146200,0881,281,218
Group/Directors Accounts20,00020,00025,13125,13140,13120,00000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities69,43450,51533,63442,45328,20689,640100,46372,843000000
total current liabilities108,63381,29985,93070,65668,337109,640100,463177,268197,575167,598185,250194,146200,0881,281,218
loans842,469869,906867,269835,819835,819759,891760,749684,255000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities00000000636,336644,515734,879861,302962,2410
provisions00000000000000
total long term liabilities842,469869,906867,269835,819835,819759,891760,749684,255636,336644,515734,879861,302962,2410
total liabilities951,102951,205953,199906,475904,156869,531861,212861,523833,911812,113920,1291,055,4481,162,3291,281,218
net assets431,008401,096390,294378,637372,730408,403397,489420,239426,861445,436383,0761,308,7571,214,5401,097,294
total shareholders funds431,008401,096390,294378,637372,730408,403397,489420,239426,861445,436383,0761,308,7571,214,5401,097,294
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit132,80976,56266,49558,26018,04262,83425,64918,989-18,58078,811161,281123,739158,094504,685
Depreciation2480000000000000
Amortisation00000000000000
Tax-9,971-2,534-2,734-1,3860-2,560000-16,577-37,134-29,753-41,195-141,357
Stock00000000000000
Debtors1,188-34,28064,68815,987-5,80311,078-26,58918,0941,9313,865-42,16042,041-10,14813,500
Creditors8,415-18,23118,5433,07200-150-197,42529,977-17,652-8,896-5,942-1,081,1301,281,218
Accruals and Deferred Income18,91916,881-8,81914,247-61,434-10,82327,62072,843000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations149,232106,9588,79758,206-37,58938,37379,708-123,6879,46640,717157,41146,003-954,0831,631,046
Investing Activities
capital expenditure-1,324000000000002,300,000-2,300,000
Change in Investments022,50000000000-1,050,00002,300,0000
cash flow from investments-1,324-22,500000000001,050,00000-2,300,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts0-5,1310-15,00020,13120,00000000000
Other Short Term Loans 00000000000000
Long term loans-27,4372,63731,450075,928-85876,494684,255000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities0000000-636,336-8,179-90,364-126,423-100,939962,2410
share issue0000000000-1,050,00000733,804
interest-92,927-63,226-52,103-50,968-53,715-49,360-48,399-25,6115126172231346163
cash flow from financing-120,364-65,720-20,653-65,96842,344-30,21828,09522,308-8,174-90,238-1,176,251-100,708962,587733,967
cash and cash equivalents
cash27,54520,588-6,307-7,7614,7558,1553,5282,8961,292-49,52131,160-54,7058,50565,012
overdraft01,8505,550000-104,275104,275000000
change in cash27,54518,738-11,857-7,7614,7558,155107,803-101,3791,292-49,52131,160-54,7058,50565,012

api (northwest) 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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Api (northwest) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for api (northwest) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in BL1 area or any other competitors across 12 key performance metrics.

api (northwest) limited Ownership

API (NORTHWEST) LIMITED group structure

Api (Northwest) Limited has no subsidiary companies.

Ultimate parent company

API (NORTHWEST) LIMITED

04388377

API (NORTHWEST) LIMITED Shareholders

michael luke armstrong 51%
david armstrong 49%

api (northwest) limited directors

Api (Northwest) Limited currently has 2 directors. The longest serving directors include Mr Michael Armstrong (Mar 2002) and Mr David Armstrong (Mar 2002).

officercountryagestartendrole
Mr Michael ArmstrongEngland77 years Mar 2002- Director
Mr David ArmstrongEngland50 years Mar 2002- Director

P&L

June 2023

turnover

378.5k

+18%

operating profit

132.8k

0%

gross margin

57.6%

+0.41%

turnover

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

Balance Sheet

June 2023

net assets

431k

+0.07%

total assets

1.4m

+0.02%

cash

55.1k

+1%

net assets

Total assets minus all liabilities

api (northwest) limited company details

company number

04388377

Type

Private limited with Share Capital

industry

68201 - Renting and operating of Housing Association real estate

incorporation date

March 2002

age

22

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

June 2023

previous names

N/A

accountant

FAIRHURST

auditor

-

address

hamill house, 112-116 chorley new road, bolton, lancashire, BL1 4DH

Bank

-

Legal Advisor

-

api (northwest) 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 api (northwest) limited.

api (northwest) 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 API (NORTHWEST) LIMITED. This can take several minutes, an email will notify you when this has completed.

api (northwest) limited Companies House Filings - See Documents

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