European Source Ltd

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european source ltd Company Information

Live

MatureMicroDeclining

Company Number

05064151

Website

europeanspasource.net

Registered Address

6 manor close, woking, GU22 8SA

Industry

Research and experimental development on biotechnology

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Marion McAllister20 Years

Charles McAllister12 Years

Shareholders

marion mcallister 90%

charles mcallister 10%

european source ltd Estimated Valuation

£129.5k

Pomanda estimates the enterprise value of EUROPEAN SOURCE LTD at £129.5k based on Net Assets of £57.8k and 2.24x industry multiple (adjusted for liquidity).

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European Source Ltd is a live company located in woking, GU22 8SA with a Companies House number of 05064151. It operates in the research and experimental development on biotechnology sector, SIC Code 72110. Founded in March 2004, it's largest shareholder is marion mcallister with a 90% stake. European Source Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £78.2k with declining growth in recent years.

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Pomanda's financial health check has awarded European Source Ltd a 2 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 Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £78.2k, make it smaller than the average company (£3m)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (13.1%)

EXPORT

European Source Ltd's latest turnover from March 2023 is estimated at £78.2 thousand and the company has net assets of £57.8 thousand. According to their latest financial statements, European Source Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	78,239	97,293	124,595	139,898	94,710	61,566	150,949	151,622	195,807	17,876	32,531	62,315	153,509	160,630
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	56,666	68,540	90,902	92,392	62,280	37,919	12,944	13,951	136,343	12,610	24,167	44,533	115,086	23,197
Gross Profit	21,573	28,753	33,693	47,506	32,431	23,646	138,005	137,671	59,464	5,266	8,364	17,782	38,424	137,433
Admin Expenses	43,385	36,261	38,500	22,797	31,750	44,657	30,070	26,497	-93,617	5,862	-6,279	-15,815	-41,317	17,439
Operating Profit	-21,812	-7,508	-4,807	24,709	681	-21,011	107,935	111,174	153,081	-596	14,643	33,597	79,741	119,994
Interest Payable	0	0	0	0	0	0	13	0	0	0	0	0	0	15
Interest Receivable	0	0	0	0	0	0	13	56	0	504	485	635	598	51
Pre-Tax Profit	-21,812	-7,508	-4,807	24,709	681	-21,011	107,854	111,596	151,976	-92	15,128	34,231	80,339	120,045
Tax	0	0	0	-4,695	-129	0	-21,506	-22,412	-30,608	0	-3,631	-8,900	-22,495	-25,304
Profit After Tax	-21,812	-7,508	-4,807	20,014	552	-21,011	86,348	89,184	121,368	-92	11,497	25,331	57,844	94,741
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	68,026
Retained Profit	-21,812	-7,508	-4,807	20,014	552	-21,011	86,348	89,184	121,368	-92	11,497	25,331	57,844	26,715
Employee Costs	71,181	72,282	67,745	66,492	64,849	61,158	17,666	16,426	109,550	52,378	50,853	51,829	50,355	7,034
Number Of Employees	1	1	1	1	1	1	1	1	2	1	1	1	1	1
EBITDA*	-21,812	-7,508	-4,807	24,709	681	-21,011	108,881	111,772	153,563	-114	14,950	33,824	79,741	119,994

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	52,422	57,153	45,007	60,855	60,000	60,739	61,686	60,893	911	1,393	1,003	907	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	75,300	71,534	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	52,422	57,153	45,007	60,855	60,000	60,739	61,686	60,893	76,211	72,927	1,003	907	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	37,796	50,146	71,193	69,057	41,592	22,187	54,558	31,630	22,392	0	9,135	21,638	41,501	7,719
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	122,516	97,149	104,529	89,336	164,492	74,628
misc current assets	0	0	0	0	0	0	0	0	0	0	60,000	60,000	0	0
total current assets	37,796	50,146	71,193	69,057	41,592	22,187	54,558	31,630	144,908	97,149	173,664	170,974	205,993	82,347
total assets	90,218	107,299	116,200	129,912	101,592	82,926	116,244	92,523	221,119	170,076	174,667	171,881	205,993	82,347
Bank overdraft	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
Trade Creditors	32,441	27,710	29,103	38,008	29,702	11,588	23,895	23,582	31,770	19,849	24,348	33,158	92,601	1,066
Group/Directors Accounts	0	0	0	0	0	0	0	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	25,733
total current liabilities	32,441	27,710	29,103	38,008	29,702	11,588	23,895	23,582	31,770	19,849	24,348	33,158	92,601	26,799
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	32,441	27,710	29,103	38,008	29,702	11,588	23,895	23,582	31,770	19,849	24,348	33,158	92,601	26,799
net assets	57,777	79,589	87,097	91,904	71,890	71,338	92,349	68,941	189,349	150,227	150,319	138,723	113,392	55,548
total shareholders funds	57,777	79,589	87,097	91,904	71,890	71,338	92,349	68,941	189,349	150,227	150,319	138,723	113,392	55,548

	Mar 2023	Mar 2022	Mar 2021	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	-21,812	-7,508	-4,807	24,709	681	-21,011	107,935	111,174	153,081	-596	14,643	33,597	79,741	119,994
Depreciation	0	0	0	0	0	0	946	598	482	482	307	227	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-4,695	-129	0	-21,506	-22,412	-30,608	0	-3,631	-8,900	-22,495	-25,304
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-12,350	-21,047	2,136	27,465	19,405	-32,371	22,928	9,238	22,392	-9,135	-12,503	-19,863	33,782	7,719
Creditors	4,731	-1,393	-8,905	8,306	18,114	-12,307	313	-8,188	11,921	-4,499	-8,810	-59,443	91,535	1,066
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	-25,733	25,733
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-4,731	12,146	-15,848	855	-739	-947	64,760	71,934	112,484	4,522	15,012	-14,656	89,266	113,770
Investing Activities
capital expenditure	4,731	-12,146	15,848	-855	739	947	-1,739	-60,580	0	-872	-403	-1,134	0	0
Change in Investments	0	0	0	0	0	0	0	-75,300	3,766	71,534	0	0	0	0
cash flow from investments	4,731	-12,146	15,848	-855	739	947	-1,739	14,720	-3,766	-72,406	-403	-1,134	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	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
Long term loans	0	0	0	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	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-62,940	-209,592	-82,246	0	99	0	0	28,833
interest	0	0	0	0	0	0	0	56	0	504	485	635	598	36
cash flow from financing	0	0	0	0	0	0	-62,940	-209,536	-82,246	504	584	635	598	28,869
cash and cash equivalents
cash	0	0	0	0	0	0	0	-122,516	25,367	-7,380	15,193	-75,156	89,864	74,628
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-122,516	25,367	-7,380	15,193	-75,156	89,864	74,628

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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EUROPEAN SOURCE LTD group structure

European Source Ltd has no subsidiary companies.

Ultimate parent company

EUROPEAN SOURCE LTD

05064151

EUROPEAN SOURCE LTD Shareholders

marion mcallister	90%
charles mcallister	10%

European Source Ltd currently has 2 directors. The longest serving directors include Mrs Marion McAllister (Mar 2004) and Mr Charles McAllister (Nov 2011).

officer	country	age	start	end	role
Mrs Marion McAllister	England	57 years	Mar 2004	-	Director
Mr Charles McAllister	England	55 years	Nov 2011	-	Director

P&L

March 2023

turnover

78.2k

-20%

operating profit

-21.8k

gross margin

27.6%

-6.7%

turnover

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

Balance Sheet

March 2023

net assets

57.8k

-0.27%

total assets

90.2k

-0.16%

cash

net assets

Total assets minus all liabilities

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company number

05064151

Type

Private limited with Share Capital

industry

72110 - Research and experimental development on biotechnology

incorporation date

March 2004

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

March 2023

address

6 manor close, woking, GU22 8SA

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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european source ltd Company Information

european source ltd Estimated Valuation

european source ltd Estimated Valuation

european source ltd Estimated Valuation

European Source Ltd Overview

European Source Ltd Health Check

EUROPEAN SOURCE LTD financials

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european source ltd Ownership

european source ltd directors

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