Bright Associates Limited

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bright associates limited Company Information

Live

MatureSmallLow

Company Number

04784154

Next Accounts

Apr 2025

Industry

Non-specialised wholesale trade

Directors

Hafiz Rehman

Khadija Hanif

View All

Shareholders

khadija hanif

munawar mahmoodi

Group Structure

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Contact

Registered Address

unit 4b, x e o center, copperas lane, manchester, M43 6NU

Website

brightassociates.co.uk

bright associates limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of BRIGHT ASSOCIATES LIMITED at £1.5m based on an EBITDA of £336.8k and a 4.39x industry multiple (adjusted for size and gross margin).

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Bright Associates Limited is a live company located in manchester, M43 6NU with a Companies House number of 04784154. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in June 2003, it's largest shareholder is khadija hanif with a 50% stake. Bright Associates Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with low growth in recent years.

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Pomanda's financial health check has awarded Bright Associates Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£15m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6%)

EXPORT

Bright Associates Limited's latest turnover from July 2023 is estimated at £3.4 million and the company has net assets of £259.8 thousand. According to their latest financial statements, Bright Associates Limited has 9 employees and maintains cash reserves of £22.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	3,408,848	3,049,296	2,634,294	3,168,100	1,990,589	1,382,387	1,512,025	1,541,602	17,866	17,217	44,490	27,789	43,764	36,069	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,478,060	2,200,922	1,921,491	2,301,003	1,447,304	1,007,564	1,094,047	1,095,502	12,825	12,425	31,903	19,925	31,442	25,774	0
Gross Profit	930,788	848,374	712,803	867,097	543,285	374,824	417,978	446,099	5,041	4,792	12,587	7,864	12,322	10,294	0
Admin Expenses	600,866	660,339	496,157	718,779	447,276	299,564	365,170	421,452	5,541	5,936	14,036	10,137	5,008	9,731	1,813
Operating Profit	329,922	188,035	216,646	148,318	96,009	75,260	52,808	24,647	-500	-1,144	-1,449	-2,273	7,314	563	-1,813
Interest Payable	292,681	148,861	88,608	84,561	75,252	59,388	42,890	15,925	0	0	0	0	0	0	0
Interest Receivable	658	274	43	23	249	202	37	38	4	16	25	37	38	56	45
Pre-Tax Profit	37,900	39,448	128,080	63,780	21,006	16,074	9,956	8,760	-496	-1,128	-1,424	-2,236	7,351	619	-1,768
Tax	-9,475	-7,495	-24,335	-12,118	-3,991	-3,054	-1,892	-1,752	0	0	0	0	-1,911	-173	0
Profit After Tax	28,425	31,953	103,745	51,662	17,015	13,020	8,064	7,008	-496	-1,128	-1,424	-2,236	5,440	446	-1,768
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	28,425	31,953	103,745	51,662	17,015	13,020	8,064	7,008	-496	-1,128	-1,424	-2,236	5,440	446	-1,768
Employee Costs	384,579	204,162	341,299	298,011	295,870	288,020	526,372	511,507	33,258	33,009	32,479	32,373	32,170	30,789	0
Number Of Employees	9	5	9	8	8	8	15	15	1	1	1	1	1	1	0
EBITDA*	336,813	195,385	224,801	157,204	106,083	75,260	58,411	24,896	-191	-756	-965	-1,668	7,506	678	-1,375

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	399,530	405,502	412,852	419,909	428,795	422,619	419,011	991	1,240	1,549	1,937	2,421	870	522	637
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	399,530	405,502	412,852	419,909	428,795	422,619	419,011	991	1,240	1,549	1,937	2,421	870	522	637
Stock & work in progress	3,590,148	2,738,650	1,528,060	1,370,250	1,062,095	623,471	509,250	451,450	0	0	0	0	0	0	0
Trade Debtors	47,759	234,133	224,741	502,830	145,681	84,803	45,804	66,904	0	0	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	1,249	0	0	575	0	0	239	0	0	0	0	0	0	0
Cash	22,633	3,702	40,111	45,558	609	65,752	15,215	14,659	685	751	5,745	4,169	10,706	4,373	18,085
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,660,540	2,977,734	1,792,912	1,918,638	1,208,960	774,026	570,269	533,252	685	751	5,745	4,169	10,706	4,373	18,085
total assets	4,060,070	3,383,236	2,205,764	2,338,547	1,637,755	1,196,645	989,280	534,243	1,925	2,300	7,682	6,590	11,576	4,895	18,722
Bank overdraft	0	0	0	0	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	13,443	36,113	122,112	162,764	160,591	95,317	35,361	28,652	2,991	2,870	7,124	4,608	7,358	6,117	20,390
Group/Directors Accounts	0	0	0	0	0	0	45,277	3,368	0	0	0	0	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	0	0	0	0	0	0	0	0
other current liabilities	982,793	322,765	352,650	149,446	97,278	78,457	12,160	6,281	0	0	0	0	0	0	0
total current liabilities	996,236	358,878	474,762	312,210	257,869	173,774	92,798	38,301	2,991	2,870	7,124	4,608	7,358	6,117	20,390
loans	2,632,508	2,688,957	1,417,554	1,487,634	1,284,845	944,845	882,476	490,000	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	171,500	104,000	114,000	443,000	51,000	51,000	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	2,804,008	2,792,957	1,531,554	1,930,634	1,335,845	995,845	882,476	490,000	0	0	0	0	0	0	0
total liabilities	3,800,244	3,151,835	2,006,316	2,242,844	1,593,714	1,169,619	975,274	528,301	2,991	2,870	7,124	4,608	7,358	6,117	20,390
net assets	259,826	231,401	199,448	95,703	44,041	27,026	14,006	5,942	-1,066	-570	558	1,982	4,218	-1,222	-1,668
total shareholders funds	259,826	231,401	199,448	95,703	44,041	27,026	14,006	5,942	-1,066	-570	558	1,982	4,218	-1,222	-1,668

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	329,922	188,035	216,646	148,318	96,009	75,260	52,808	24,647	-500	-1,144	-1,449	-2,273	7,314	563	-1,813
Depreciation	6,891	7,350	8,155	8,886	10,074	0	5,603	249	309	388	484	605	192	115	438
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-9,475	-7,495	-24,335	-12,118	-3,991	-3,054	-1,892	-1,752	0	0	0	0	-1,911	-173	0
Stock	851,498	1,210,590	157,810	308,155	438,624	114,221	57,800	451,450	0	0	0	0	0	0	0
Debtors	-187,623	10,641	-278,089	356,574	61,453	38,999	-21,339	67,143	0	0	0	0	0	0	0
Creditors	-22,670	-85,999	-40,652	2,173	65,274	59,956	6,709	25,661	121	-4,254	2,516	-2,750	1,241	-14,273	20,390
Accruals and Deferred Income	660,028	-29,885	203,204	52,168	18,821	66,297	5,879	6,281	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	300,821	-1,149,225	483,297	-465,302	-313,890	45,239	32,646	-463,507	-70	-5,010	1,551	-4,418	6,836	-13,768	19,015
Investing Activities
capital expenditure	-919	0	-1,098	0	-16,250	-3,608	-423,623	0	0	0	0	-2,156	-540	0	-1,075
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-919	0	-1,098	0	-16,250	-3,608	-423,623	0	0	0	0	-2,156	-540	0	-1,075
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-45,277	41,909	3,368	0	0	0	0	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	-56,449	1,271,403	-70,080	202,789	340,000	62,369	392,476	490,000	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	67,500	-10,000	-329,000	392,000	0	51,000	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-292,023	-148,587	-88,565	-84,538	-75,003	-59,186	-42,853	-15,887	4	16	25	37	38	56	45
cash flow from financing	-280,972	1,112,816	-487,645	510,251	264,997	8,906	391,532	477,481	4	16	25	37	38	56	145
cash and cash equivalents
cash	18,931	-36,409	-5,447	44,949	-65,143	50,537	556	13,974	-66	-4,994	1,576	-6,537	6,333	-13,712	18,085
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	18,931	-36,409	-5,447	44,949	-65,143	50,537	556	13,974	-66	-4,994	1,576	-6,537	6,333	-13,712	18,085

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for bright associates limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in M43 area or any other competitors across 12 key performance metrics.

BRIGHT ASSOCIATES LIMITED group structure

Bright Associates Limited has no subsidiary companies.

Ultimate parent company

BRIGHT ASSOCIATES LIMITED

04784154

BRIGHT ASSOCIATES LIMITED Shareholders

khadija hanif	50%
munawar mahmoodi	50%

Bright Associates Limited currently has 4 directors. The longest serving directors include Dr Hafiz Rehman (Aug 2005) and Mrs Khadija Hanif (Feb 2016).

officer	country	age	start	end	role
Dr Hafiz Rehman	England	54 years	Aug 2005	-	Director
Mrs Khadija Hanif	England	48 years	Feb 2016	-	Director
Mr Munawar Mahmoodi	England	58 years	Feb 2016	-	Director
Dr Hafiz Rehman	England	54 years	Jul 2024	-	Director

P&L

July 2023

turnover

3.4m

+12%

operating profit

329.9k

gross margin

27.4%

-1.86%

turnover

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

Balance Sheet

July 2023

net assets

259.8k

+0.12%

total assets

4.1m

+0.2%

cash

22.6k

+5.11%

net assets

Total assets minus all liabilities

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company number

04784154

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

June 2003

ultimate parent company

None

previous names

N/A

address

unit 4b, x e o center, copperas lane, manchester, M43 6NU

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.

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bright associates limited Company Information

bright associates limited Estimated Valuation

bright associates limited Estimated Valuation

bright associates limited Estimated Valuation

Bright Associates Limited Overview

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BRIGHT ASSOCIATES LIMITED financials

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