Zenith Contractors Limited

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zenith contractors limited Company Information

Dissolved

Company Number

04392942

Next Accounts

Nov 2024

Industry

Cleaning services (other than disinfecting and extermination services) n.e.c.

Directors

Martyn Hancox

Clive Richards

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Shareholders

mr martyn hancox

mr adrian irwin

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Group Structure

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Contact

Registered Address

cavendish house 39-41, waterloo street, birmingham, B2 5PP

Website

www.zenithcontractors.co.uk

zenith contractors limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of ZENITH CONTRACTORS LIMITED at £3.2m based on a Turnover of £6.3m and 0.51x industry multiple (adjusted for size and gross margin).

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Zenith Contractors Limited is a dissolved company that was located in birmingham, B2 5PP with a Companies House number of 04392942. It operated in the other cleaning services sector, SIC Code 81299. Founded in March 2002, it's largest shareholder was mr martyn hancox with a 49.7% stake. The last turnover for Zenith Contractors Limited was estimated at £6.3m.

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Pomanda's financial health check has awarded Zenith Contractors Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £6.3m, make it larger than the average company (£172.5k)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (10.3%)

EXPORT

Zenith Contractors Limited's latest turnover from March 2020 is estimated at £6.3 million and the company has net assets of £80.8 thousand. According to their latest financial statements, Zenith Contractors Limited has 136 employees and maintains cash reserves of £6.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	6,250,034	5,024,733	5,645,772	3,447,227	4,688,461	6,375,421	4,413,140	3,405,928	4,799,150	3,336,995	2,672,240
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,487,699	3,526,003	3,881,126	2,117,906	2,892,342	4,123,475	2,881,477	2,142,673	2,870,903	1,865,952	1,636,735
Gross Profit	1,762,335	1,498,731	1,764,647	1,329,320	1,796,119	2,251,945	1,531,664	1,263,255	1,928,247	1,471,042	1,035,506
Admin Expenses	1,874,304	1,454,320	1,729,193	1,492,848	1,794,372	2,182,353	1,528,456	1,238,573	1,898,620	1,422,513	1,074,062
Operating Profit	-111,969	44,411	35,454	-163,528	1,747	69,592	3,208	24,682	29,627	48,529	-38,556
Interest Payable	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	8	86	60	21	38	65	76	50	120	194	92
Pre-Tax Profit	-111,961	44,496	35,514	-163,507	1,785	69,657	3,283	24,733	29,747	48,724	-38,464
Tax	0	-8,454	-6,748	0	-357	-14,628	-755	-5,936	-7,734	-13,643	0
Profit After Tax	-111,961	36,042	28,766	-163,507	1,428	55,029	2,528	18,797	22,013	35,081	-38,464
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-111,961	36,042	28,766	-163,507	1,428	55,029	2,528	18,797	22,013	35,081	-38,464
Employee Costs	1,498,539	1,551,709	1,271,083	1,028,129	979,582	3,451,265	2,033,215	1,606,840	2,438,477	1,406,654	935,278
Number Of Employees	136	136	118	110	108	314	186	159	243	127	91
EBITDA*	-107,057	47,907	40,113	-158,913	6,476	75,333	9,838	33,429	39,617	55,174	-31,035

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	14,736	10,486	13,982	16,062	14,186	17,224	19,890	26,746	32,553	30,417	22,563
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	225	225	225	225	225	225	225	225	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	14,961	10,711	14,207	16,287	14,411	17,449	20,115	26,971	32,553	30,417	22,563
Stock & work in progress	109,008	80,285	56,536	49,837	39,586	46,868	48,220	32,111	32,868	27,612	6,377
Trade Debtors	653,968	576,607	632,541	504,335	746,758	870,212	620,492	531,673	783,991	468,779	372,088
Group Debtors	574,028	495,305	302,350	244,161	126,199	0	0	0	0	0	0
Misc Debtors	13,595	12,316	18,153	10,392	18,253	0	0	0	0	0	0
Cash	6,795	9,790	13,041	10,839	6,018	9,118	17,049	13,153	7,008	41,021	36,684
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,357,394	1,174,303	1,022,621	819,564	936,814	926,198	685,761	576,937	823,867	537,412	415,149
total assets	1,372,355	1,185,014	1,036,828	835,851	951,225	943,647	705,876	603,908	856,420	567,829	437,712
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	632,033	350,016	386,569	212,584	389,599	650,890	462,863	362,272	632,688	366,699	273,235
Group/Directors Accounts	46,359	46,013	46,013	46,013	20,684	0	0	0	0	0	0
other short term finances	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
other current liabilities	453,129	476,190	317,493	449,267	247,229	0	0	0	0	0	0
total current liabilities	1,131,521	872,219	750,075	707,864	657,512	650,890	462,863	362,272	632,688	366,699	273,235
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	160,000	120,000	130,000	0	0	0	0	0	0	0	567
provisions	0	0	0	0	2,219	2,691	2,976	4,127	5,020	4,431	2,292
total long term liabilities	160,000	120,000	130,000	0	2,219	2,691	2,976	4,127	5,020	4,431	2,859
total liabilities	1,291,521	992,219	880,075	707,864	659,731	653,581	465,839	366,399	637,708	371,130	276,094
net assets	80,834	192,795	156,753	127,987	291,494	290,066	240,037	237,509	218,712	196,699	161,618
total shareholders funds	80,834	192,795	156,753	127,987	291,494	290,066	240,037	237,509	218,712	196,699	161,618

	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-111,969	44,411	35,454	-163,528	1,747	69,592	3,208	24,682	29,627	48,529	-38,556
Depreciation	4,912	3,496	4,659	4,615	4,729	5,741	6,630	8,747	9,990	6,645	7,521
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-8,454	-6,748	0	-357	-14,628	-755	-5,936	-7,734	-13,643	0
Stock	28,723	23,749	6,699	10,251	-7,282	-1,352	16,109	-757	5,256	21,235	6,377
Debtors	157,363	131,184	194,156	-132,322	20,998	249,720	88,819	-252,318	315,212	96,691	372,088
Creditors	282,017	-36,553	173,985	-177,015	-261,291	188,027	100,591	-270,416	265,989	93,464	273,235
Accruals and Deferred Income	-23,061	158,697	-131,774	202,038	247,229	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-2,219	-472	-285	-1,151	-893	589	2,139	2,292
Cash flow from operations	-34,187	6,664	-125,279	-14,038	-22,131	79	3,595	9,259	-22,007	19,208	-133,973
Investing Activities
capital expenditure	-9,162	0	-2,579	-6,491	-1,691	-3,075	226	-2,940	-12,126	-14,499	-30,084
Change in Investments	0	0	0	0	0	0	0	225	0	0	0
cash flow from investments	-9,162	0	-2,579	-6,491	-1,691	-3,075	226	-3,165	-12,126	-14,499	-30,084
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	346	0	0	25,329	20,684	0	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	40,000	-10,000	130,000	0	0	0	0	0	0	-567	567
share issue	0	0	0	0	0	-5,000	0	0	0	0	200,082
interest	8	86	60	21	38	65	76	50	120	194	92
cash flow from financing	40,354	-9,914	130,060	25,350	20,722	-4,935	76	50	120	-373	200,741
cash and cash equivalents
cash	-2,995	-3,251	2,202	4,821	-3,100	-7,931	3,896	6,145	-34,013	4,337	36,684
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	-2,995	-3,251	2,202	4,821	-3,100	-7,931	3,896	6,145	-34,013	4,337	36,684

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ZENITH CONTRACTORS LIMITED group structure

Zenith Contractors Limited has 3 subsidiary companies.

Ultimate parent company

ZENITH CONTRACTORS LIMITED

04392942

3 subsidiaries

ZENRITE LIMITED

07680484

ZENITH REFITMENT SERVICES LIMITED

07697596

ZENITH CONTRACT SERVICES LIMITED

07427773

ZENITH CONTRACTORS LIMITED Shareholders

mr martyn hancox	49.7%
mr adrian irwin	35.3%
mr clive richards	15%

Zenith Contractors Limited currently has 3 directors. The longest serving directors include Mr Martyn Hancox (Mar 2002) and Mr Clive Richards (Sep 2005).

officer	country	age	start	end	role
Mr Martyn Hancox	England	65 years	Mar 2002	-	Director
Mr Clive Richards	United Kingdom	62 years	Sep 2005	-	Director
Mr Adrian Irwin		65 years	Apr 2008	-	Director

P&L

March 2020

turnover

6.3m

+24%

operating profit

-112k

gross margin

28.2%

-5.46%

turnover

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

Balance Sheet

March 2020

net assets

80.8k

-0.58%

total assets

1.4m

+0.16%

cash

6.8k

-0.31%

net assets

Total assets minus all liabilities

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company number

04392942

Type

Private limited with Share Capital

industry

81299 - Cleaning services (other than disinfecting and extermination services) n.e.c.

incorporation date

March 2002

ultimate parent company

None

previous names

N/A

address

cavendish house 39-41, waterloo street, birmingham, B2 5PP

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 found 5 charges/mortgages relating to zenith contractors limited. Currently there are 2 open charges and 3 have been satisfied in the past.

zenith contractors limited Company Information

zenith contractors limited Estimated Valuation

zenith contractors limited Estimated Valuation

zenith contractors limited Estimated Valuation

Zenith Contractors Limited Overview

Zenith Contractors Limited Health Check

ZENITH CONTRACTORS LIMITED financials

zenith contractors limited Credit Report and Business Information

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zenith contractors limited Ownership

zenith contractors limited directors

zenith contractors limited company details

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