Pomanda estimates the enterprise value of COMMERCIAL RIGGING SERVICES LTD at £119.9k based on a Turnover of £193.8k and 0.62x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of COMMERCIAL RIGGING SERVICES LTD at £140.8k based on an EBITDA of £59.3k and a 2.38x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of COMMERCIAL RIGGING SERVICES LTD at £121.9k based on Net Assets of £50.3k and 2.42x industry multiple (adjusted for liquidity).
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Commercial Rigging Services LtdOverview
Commercial Rigging Services Ltd is a live company located in denbigh, LL16 5YA with a Companies House number of 05056827. It operates in the wireless telecommunications activities sector, SIC Code 61200. Founded in February 2004, it's largest shareholder is
patrick dibb
with a 50% stake. Commercial Rigging Services Ltd is a mature,
micro sized company, Pomanda has estimated its turnover at
£193.8k with
declining
growth in recent years.
Pomanda's financial health check has awarded Commercial Rigging Services Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
1 Regular
6 Weak
Size
annual sales of £193.8k, make it smaller than the average company (£7.3m)
£193.8k - Commercial Rigging Services Ltd
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (6.8%)
-2% - Commercial Rigging Services Ltd
6.8% - Industry AVG
Production
with a gross margin of 16%, this company has a higher cost of product (35.8%)
16% - Commercial Rigging Services Ltd
35.8% - Industry AVG
Profitability
an operating margin of 30.6% make it more profitable than the average company (2.2%)
30.6% - Commercial Rigging Services Ltd
2.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (37)
2 - Commercial Rigging Services Ltd
37 - Industry AVG
Pay Structure
on an average salary of £61.5k, the company has an equivalent pay structure (£61.5k)
£61.5k - Commercial Rigging Services Ltd
£61.5k - Industry AVG
Efficiency
resulting in sales per employee of £96.9k, this is less efficient (£199.5k)
£96.9k - Commercial Rigging Services Ltd
£199.5k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (47 days)
93 days - Commercial Rigging Services Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 95 days, this is slower than average (44 days)
95 days - Commercial Rigging Services Ltd
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Commercial Rigging Services Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Commercial Rigging Services Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.3%, this is a lower level of debt than the average (64%)
53.3% - Commercial Rigging Services Ltd
64% - Industry AVG
COMMERCIAL RIGGING SERVICES LTD financials
EXPORT
Commercial Rigging Services Ltd's latest turnover from February 2024 is estimated at £193.8 thousand and the company has net assets of £50.3 thousand. According to their latest financial statements, Commercial Rigging Services Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Turnover
193,805
109,940
171,164
203,704
115,551
94,466
213,374
57,925
45,231
25,640
15,541
20,767
12,948
160,933
149,726
Other Income Or Grants
Cost Of Sales
162,741
94,673
134,078
170,014
96,176
77,082
171,606
45,772
36,994
20,558
13,201
16,310
10,301
7,482
6,822
Gross Profit
31,063
15,267
37,086
33,689
19,376
17,384
41,768
12,153
8,237
5,083
2,340
4,457
2,646
153,451
142,904
Admin Expenses
-28,216
24,263
57,811
30,593
27,046
30,902
20,064
1,397
-16,318
10,352
-9,730
7,450
8,040
99,620
96,708
Operating Profit
59,279
-8,996
-20,725
3,096
-7,670
-13,518
21,704
10,756
24,555
-5,269
12,070
-2,993
-5,394
53,831
46,196
Interest Payable
2
2
Interest Receivable
13
13
4
6
26
Pre-Tax Profit
59,279
-8,996
-20,725
3,096
-7,670
-13,518
21,704
10,756
24,554
-5,258
12,083
-2,989
-5,388
39,989
23,644
Tax
-14,820
-588
-4,124
-2,151
-4,911
-2,779
-7,936
-2,838
Profit After Tax
44,459
-8,996
-20,725
2,508
-7,670
-13,518
17,580
8,605
19,643
-5,258
9,304
-2,989
-5,388
32,053
20,806
Dividends Paid
38,713
14,394
Retained Profit
44,459
-8,996
-20,725
2,508
-7,670
-13,518
17,580
8,605
19,643
-5,258
9,304
-2,989
-5,388
-6,660
6,412
Employee Costs
122,951
125,220
116,964
124,171
125,111
57,905
62,532
61,427
58,391
54,405
55,000
61,595
56,118
57,134
72,348
Number Of Employees
2
2
2
2
2
1
1
1
1
1
1
1
1
1
1
EBITDA*
59,279
-8,996
-20,725
3,096
-7,670
-13,518
21,704
10,756
35,317
-2,081
16,321
961
-243
61,459
62,441
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Tangible Assets
58,023
45,887
27,579
16,385
21,551
27,326
24,769
31,437
32,292
9,566
12,754
11,860
15,452
22,883
25,791
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
58,023
45,887
27,579
16,385
21,551
27,326
24,769
31,437
32,292
9,566
12,754
11,860
15,452
22,883
25,791
Stock & work in progress
1,475
1,475
825
745
825
622
950
Trade Debtors
49,867
15,127
48,153
60,858
19,721
30,668
68,000
17,533
14,441
8,747
4,414
4,991
3,350
5,829
Group Debtors
Misc Debtors
Cash
72
5,312
1,458
1,128
misc current assets
total current assets
49,867
15,127
48,153
60,858
19,721
30,668
68,000
17,533
15,988
10,222
10,551
5,736
5,633
7,579
950
total assets
107,890
61,014
75,732
77,243
41,272
57,994
92,769
48,970
48,280
19,788
23,305
17,596
21,085
30,462
26,741
Bank overdraft
57
Bank loan
3,588
Trade Creditors
42,679
34,411
34,285
10,842
8,179
17,231
38,488
12,269
20,182
11,276
11,351
8,703
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
9,544
3,708
total current liabilities
42,679
34,411
34,285
10,842
8,179
17,231
38,488
12,269
20,182
11,333
11,351
8,703
9,544
7,296
loans
hp & lease commitments
Accruals and Deferred Income
908
800
800
800
other liabilities
13,964
19,923
25,771
30,000
9,592
1,837
4,985
8,133
provisions
total long term liabilities
14,872
20,723
26,571
30,800
9,592
1,837
4,985
8,133
total liabilities
57,551
55,134
60,856
41,642
8,179
17,231
38,488
12,269
20,182
11,333
9,592
13,188
13,688
17,677
7,296
net assets
50,339
5,880
14,876
35,601
33,093
40,763
54,281
36,701
28,098
8,455
13,713
4,408
7,397
12,785
19,445
total shareholders funds
50,339
5,880
14,876
35,601
33,093
40,763
54,281
36,701
28,098
8,455
13,713
4,408
7,397
12,785
19,445
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Feb 2011
Feb 2010
Operating Activities
Operating Profit
59,279
-8,996
-20,725
3,096
-7,670
-13,518
21,704
10,756
24,555
-5,269
12,070
-2,993
-5,394
53,831
46,196
Depreciation
10,762
3,188
4,251
3,954
5,151
7,628
16,245
Amortisation
Tax
-14,820
-588
-4,124
-2,151
-4,911
-2,779
-7,936
-2,838
Stock
-1,475
650
80
-80
203
-328
950
Debtors
34,740
-33,026
-12,705
41,137
-10,947
-37,332
50,467
3,092
5,694
4,333
-577
1,641
-2,479
5,829
Creditors
8,268
126
23,443
2,663
-9,052
-21,257
26,219
-7,913
8,906
11,276
-11,351
2,648
8,703
Accruals and Deferred Income
108
800
-9,544
5,836
3,708
Deferred Taxes & Provisions
Cash flow from operations
18,095
24,156
15,423
-35,166
-5,775
2,557
-6,668
-925
33,618
4,212
2,688
2,048
1,192
53,858
62,361
Investing Activities
capital expenditure
-12,136
-18,308
-11,194
5,166
5,775
-2,557
6,668
855
-33,488
-5,145
-362
2,280
-4,720
-42,036
Change in Investments
cash flow from investments
-12,136
-18,308
-11,194
5,166
5,775
-2,557
6,668
855
-33,488
-5,145
-362
2,280
-4,720
-42,036
Financing Activities
Bank loans
-3,588
3,588
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-5,959
-5,848
-4,229
30,000
-9,592
7,755
-3,148
-3,148
8,133
share issue
-2
1
13,033
interest
-2
11
13
4
6
26
cash flow from financing
-5,959
-5,848
-4,229
30,000
-2
-2
-9,581
7,769
-3,144
-3,142
4,571
16,621
cash and cash equivalents
cash
-72
72
-5,312
5,312
-1,458
330
1,128
overdraft
-57
57
change in cash
-72
129
-5,369
5,312
-1,458
330
1,128
commercial rigging services ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for commercial rigging services ltd. Get real-time insights into commercial rigging services ltd's credit score, group structure and payment trends.
Perform a competitor analysis for commercial rigging services ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in LL16 area or any other competitors across 12 key performance metrics.
commercial rigging services ltd Ownership
COMMERCIAL RIGGING SERVICES LTD group structure
Commercial Rigging Services Ltd has no subsidiary companies.
Ultimate parent company
COMMERCIAL RIGGING SERVICES LTD
05056827
COMMERCIAL RIGGING SERVICES LTD Shareholders
The largest shareholders in Commercial Rigging Services Ltd include Patrick Dibb and Gayle Dibb.
patrick dibb
50%
gayle dibb
50%
commercial rigging services ltd directors
Commercial Rigging Services Ltd currently has 2 directors.
The longest serving directors include
Mr Patrick Dibb (Feb 2004) and
Mrs Gayle Dibb (Mar 2011).
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 commercial rigging services ltd.
commercial rigging services ltd 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.
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commercial rigging services ltdCompanies House Filings - See Documents
