Comtec Translations Limited

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comtec translations limited Company Information

Live

MatureSmallHealthy

Company Number

04534240

Website

www.comtectranslations.com

Registered Address

3 pegasus house pegasus court, olympus avenue, warwick, warwickshire, CV34 6LW

Industry

Translation and interpretation activities

Telephone

01926335681

Next Accounts Due

December 2024

Group Structure

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Directors

Isabella Moore21 Years

Sophie Howe16 Years

View All

Shareholders

noodle bear limited 100%

comtec translations limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of COMTEC TRANSLATIONS LIMITED at £2.6m based on Net Assets of £2m and 1.28x industry multiple (adjusted for liquidity).

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Comtec Translations Limited is a live company located in warwick, CV34 6LW with a Companies House number of 04534240. It operates in the translation and interpretation activities sector, SIC Code 74300. Founded in September 2002, it's largest shareholder is noodle bear limited with a 100% stake. Comtec Translations Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with healthy growth in recent years.

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Pomanda's financial health check has awarded Comtec Translations Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

2 Weak

Size

annual sales of £4.6m, make it larger than the average company (£267.9k)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (6.4%)

EXPORT

Comtec Translations Limited's latest turnover from March 2023 is estimated at £4.6 million and the company has net assets of £2 million. According to their latest financial statements, Comtec Translations Limited has 29 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	4,645,819	5,578,418	4,103,628	3,753,646	3,932,238	2,949,082	1,760,871	2,801,803	3,616,969	1,614,622	1,119,815	1,757,725	1,035,888	1,226,072	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,699,518	3,202,479	2,378,971	2,300,242	2,424,545	1,848,128	996,200	1,691,702	2,026,847	1,000,914	659,554	1,004,646	479,312	476,272	0
Gross Profit	1,946,301	2,375,938	1,724,656	1,453,405	1,507,694	1,100,954	764,672	1,110,101	1,590,122	613,708	460,261	753,079	556,576	749,799	0
Admin Expenses	2,096,905	1,683,303	1,570,132	1,207,675	1,238,787	713,083	613,909	1,098,543	1,356,139	471,020	387,559	638,881	476,287	639,233	-17,642
Operating Profit	-150,604	692,635	154,524	245,730	268,907	387,871	150,763	11,558	233,983	142,688	72,702	114,198	80,289	110,566	17,642
Interest Payable	18,416	15,159	14,945	7,473	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	74,894	11,425	1,496	1,133	5,561	4,043	970	689	1,280	1,221	1,039	773	500	184	1
Pre-Tax Profit	-94,126	688,900	141,075	239,390	274,468	391,914	151,733	12,248	235,263	143,909	73,742	114,971	80,789	110,750	17,643
Tax	0	-130,891	-26,804	-45,484	-52,149	-74,464	-28,829	-2,449	-47,052	-30,221	-16,961	-27,593	-21,005	-31,010	-4,940
Profit After Tax	-94,126	558,009	114,271	193,906	222,319	317,450	122,904	9,798	188,210	113,688	56,781	87,378	59,784	79,740	12,703
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-94,126	558,009	114,271	193,906	222,319	317,450	122,904	9,798	188,210	113,688	56,781	87,378	59,784	79,740	12,703
Employee Costs	718,766	676,054	463,196	492,278	673,887	572,719	517,730	889,915	1,145,893	553,551	353,343	585,794	314,567	359,547	0
Number Of Employees	29	23	18	20	20	19	18	30	37	16	12	22	13	14	0
EBITDA*	-105,909	721,232	165,080	268,121	292,987	401,470	178,455	72,316	307,168	166,872	93,584	130,543	101,174	131,129	37,832

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	138,984	128,534	31,687	37,265	39,244	39,855	38,086	35,038	37,217	43,298	23,609	13,031	17,931	23,601	28,086
Intangible Assets	0	0	4,034	8,068	16,136	0	0	15,643	74,464	35,197	46,929	58,662	70,394	82,127	93,860
Investments & Other	0	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	0
Total Fixed Assets	138,984	128,534	35,721	45,333	55,380	39,855	38,086	50,681	111,681	78,495	70,538	71,693	88,325	105,728	121,946
Stock & work in progress	0	0	0	0	0	0	0	0	107,480	60,645	15,901	48,816	28,819	21,721	15,584
Trade Debtors	1,217,278	1,552,403	1,008,605	927,689	923,119	752,325	419,128	601,574	595,486	261,021	145,954	209,754	171,314	190,735	163,442
Group Debtors	0	0	0	0	0	131,083	133,066	3,382	0	0	0	0	0	0	0
Misc Debtors	85,179	123,304	109,656	63,806	129,629	24,275	30,683	23,830	0	403	6,645	0	0	0	0
Cash	2,091,485	1,432,921	1,613,703	1,378,804	886,457	596,474	481,572	294,305	256,964	254,900	233,413	182,273	126,787	73,246	228
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,393,942	3,108,628	2,731,964	2,370,299	1,939,205	1,504,157	1,064,449	923,091	959,930	576,969	401,913	440,843	326,920	285,702	179,254
total assets	3,532,926	3,237,162	2,767,685	2,415,632	1,994,585	1,544,012	1,102,535	973,772	1,071,611	655,464	472,451	512,536	415,245	391,430	301,200
Bank overdraft	49,000	49,000	44,917	20,417	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	0
Trade Creditors	337,204	289,868	342,198	239,968	437,012	192,404	180,068	210,017	456,012	223,524	172,074	252,065	242,918	271,084	265,973
Group/Directors Accounts	500,000	0	0	0	0	0	0	0	0	0	0	120	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	14,208	0	0	0	0	0	0	0
other current liabilities	474,273	583,307	598,395	462,063	282,820	297,763	187,184	137,901	0	0	0	0	0	0	0
total current liabilities	1,360,477	922,175	985,510	722,448	719,832	490,167	367,252	362,126	456,012	223,524	172,074	252,185	242,918	271,084	265,973
loans	106,167	155,167	200,083	224,583	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	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	14,093	18,377	0	20,000	20,000	27,803	22,424
provisions	23,367	22,779	3,060	3,840	3,898	5,309	4,197	3,464	3,122	3,389	3,891	646	0	0	0
total long term liabilities	129,534	177,946	203,143	228,423	3,898	5,309	4,197	3,464	17,215	21,766	3,891	20,646	20,000	27,803	22,424
total liabilities	1,490,011	1,100,121	1,188,653	950,871	723,730	495,476	371,449	365,590	473,227	245,290	175,965	272,831	262,918	298,887	288,397
net assets	2,042,915	2,137,041	1,579,032	1,464,761	1,270,855	1,048,536	731,086	608,182	598,384	410,174	296,486	239,705	152,327	92,543	12,803
total shareholders funds	2,042,915	2,137,041	1,579,032	1,464,761	1,270,855	1,048,536	731,086	608,182	598,384	410,174	296,486	239,705	152,327	92,543	12,803

	Mar 2023	Mar 2022	Mar 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-150,604	692,635	154,524	245,730	268,907	387,871	150,763	11,558	233,983	142,688	72,702	114,198	80,289	110,566	17,642
Depreciation	44,695	24,563	6,522	14,323	16,012	13,599	12,049	11,334	10,452	12,452	9,149	4,612	9,152	8,830	8,457
Amortisation	0	4,034	4,034	8,068	8,068	0	15,643	49,424	62,733	11,732	11,733	11,733	11,733	11,733	11,733
Tax	0	-130,891	-26,804	-45,484	-52,149	-74,464	-28,829	-2,449	-47,052	-30,221	-16,961	-27,593	-21,005	-31,010	-4,940
Stock	0	0	0	0	0	0	0	-107,480	46,835	44,744	-32,915	19,997	7,098	6,137	15,584
Debtors	-373,250	557,446	126,766	-61,253	145,065	324,806	-45,909	33,300	334,062	108,825	-57,155	38,440	-19,421	27,293	163,442
Creditors	47,336	-52,330	102,230	-197,044	244,608	12,336	-29,949	-245,995	232,488	51,450	-79,991	9,147	-28,166	5,111	265,973
Accruals and Deferred Income	-109,034	-15,088	136,332	179,243	-14,943	110,579	49,283	137,901	0	0	0	0	0	0	0
Deferred Taxes & Provisions	588	19,719	-780	-58	-1,411	1,112	733	342	-267	-502	3,245	646	0	0	0
Cash flow from operations	206,231	-14,804	249,292	266,031	324,027	126,227	215,602	36,295	111,440	34,030	89,947	54,306	64,326	71,800	119,839
Investing Activities
capital expenditure	-55,145	-121,410	-944	-12,344	-39,605	-15,368	-15,097	242	-106,371	-32,141	-19,727	287	-3,482	-4,345	-142,136
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-55,145	-121,410	-944	-12,344	-39,605	-15,368	-15,097	242	-106,371	-32,141	-19,727	287	-3,482	-4,345	-142,136
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	500,000	0	0	0	0	0	0	0	0	0	-120	120	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-49,000	-44,916	-24,500	224,583	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	-14,208	14,208	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-14,093	-4,284	18,377	-20,000	0	-7,803	5,379	22,424
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	56,478	-3,734	-13,449	-6,340	5,561	4,043	970	689	1,280	1,221	1,039	773	500	184	1
cash flow from financing	507,478	-48,650	-37,949	218,243	5,561	4,043	-13,238	804	-3,004	19,598	-19,081	893	-7,303	5,563	22,525
cash and cash equivalents
cash	658,564	-180,782	234,899	492,347	289,983	114,902	187,267	37,341	2,064	21,487	51,140	55,486	53,541	73,018	228
overdraft	0	4,083	24,500	20,417	0	0	0	0	0	0	0	0	0	0	0
change in cash	658,564	-184,865	210,399	471,930	289,983	114,902	187,267	37,341	2,064	21,487	51,140	55,486	53,541	73,018	228

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COMTEC TRANSLATIONS LIMITED group structure

Comtec Translations Limited has no subsidiary companies.

Ultimate parent company

COMTEC TRANSLATIONS LIMITED

04534240

COMTEC TRANSLATIONS LIMITED Shareholders

noodle bear limited

100%

Comtec Translations Limited currently has 3 directors. The longest serving directors include Mrs Isabella Moore (Oct 2002) and Ms Sophie Howe (Oct 2007).

officer	country	age	start	end	role
Mrs Isabella Moore		76 years	Oct 2002	-	Director
Ms Sophie Howe	United Kingdom	45 years	Oct 2007	-	Director
Mr Daniel Howe	United Kingdom	45 years	Jun 2011	-	Director

P&L

March 2023

turnover

4.6m

-17%

operating profit

-150.6k

gross margin

41.9%

-1.64%

turnover

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

Balance Sheet

March 2023

net assets

-0.04%

total assets

3.5m

+0.09%

cash

2.1m

+0.46%

net assets

Total assets minus all liabilities

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company number

04534240

Type

Private limited with Share Capital

industry

74300 - Translation and interpretation activities

incorporation date

September 2002

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

ikm (uk) limited (October 2007)

incorporated

address

3 pegasus house pegasus court, olympus avenue, warwick, warwickshire, CV34 6LW

last accounts submitted

March 2023

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 2 charges/mortgages relating to comtec translations limited. Currently there are 2 open charges and 0 have been satisfied in the past.

comtec translations limited Company Information

comtec translations limited Estimated Valuation

comtec translations limited Estimated Valuation

comtec translations limited Estimated Valuation

Comtec Translations Limited Overview

Comtec Translations Limited Health Check

COMTEC TRANSLATIONS LIMITED financials

comtec translations limited Credit Report and Business Information

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comtec translations limited Ownership

comtec translations limited directors

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comtec translations limited Companies House Filings - See Documents