banks agricultural contractors limited
banks agricultural contractors limited Company Information
Company Number
05081643
Next Accounts
Apr 2025
Shareholders
stephen henry banks
thomas william banks
View AllGroup Structure
View All
Industry
Support activities for crop production
+1Registered Address
four crosses farm cherrington, newport, shropshire, TF10 8PJ
Website
-banks agricultural contractors limited Estimated Valuation
Pomanda estimates the enterprise value of BANKS AGRICULTURAL CONTRACTORS LIMITED at £1.8m based on a Turnover of £2.9m and 0.64x industry multiple (adjusted for size and gross margin).
banks agricultural contractors limited Estimated Valuation
Pomanda estimates the enterprise value of BANKS AGRICULTURAL CONTRACTORS LIMITED at £4m based on an EBITDA of £1.2m and a 3.26x industry multiple (adjusted for size and gross margin).
banks agricultural contractors limited Estimated Valuation
Pomanda estimates the enterprise value of BANKS AGRICULTURAL CONTRACTORS LIMITED at £4.3m based on Net Assets of £1.7m and 2.49x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Banks Agricultural Contractors Limited Overview
Banks Agricultural Contractors Limited is a live company located in shropshire, TF10 8PJ with a Companies House number of 05081643. It operates in the support activities for crop production sector, SIC Code 01610. Founded in March 2004, it's largest shareholder is stephen henry banks with a 45% stake. Banks Agricultural Contractors Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with low growth in recent years.
Upgrade for unlimited company reports & a free credit check
Banks Agricultural Contractors Limited Health Check
Pomanda's financial health check has awarded Banks Agricultural Contractors Limited a 3.5 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
3 Strong
3 Regular
6 Weak
Size
annual sales of £2.9m, make it smaller than the average company (£7.4m)
- Banks Agricultural Contractors Limited
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (10.7%)
- Banks Agricultural Contractors Limited
10.7% - Industry AVG
Production
with a gross margin of 22.9%, this company has a comparable cost of product (22.9%)
- Banks Agricultural Contractors Limited
22.9% - Industry AVG
Profitability
an operating margin of 18.5% make it more profitable than the average company (8.3%)
- Banks Agricultural Contractors Limited
8.3% - Industry AVG
Employees
with 12 employees, this is below the industry average (32)
12 - Banks Agricultural Contractors Limited
32 - Industry AVG
Pay Structure
on an average salary of £46.6k, the company has an equivalent pay structure (£46.6k)
- Banks Agricultural Contractors Limited
£46.6k - Industry AVG
Efficiency
resulting in sales per employee of £240.4k, this is equally as efficient (£256.8k)
- Banks Agricultural Contractors Limited
£256.8k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is later than average (50 days)
- Banks Agricultural Contractors Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (44 days)
- Banks Agricultural Contractors Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 28 days, this is less than average (37 days)
- Banks Agricultural Contractors Limited
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Banks Agricultural Contractors Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.4%, this is a higher level of debt than the average (53.4%)
68.4% - Banks Agricultural Contractors Limited
53.4% - Industry AVG
BANKS AGRICULTURAL CONTRACTORS LIMITED financials
Banks Agricultural Contractors Limited's latest turnover from July 2023 is estimated at £2.9 million and the company has net assets of £1.7 million. According to their latest financial statements, Banks Agricultural Contractors Limited has 12 employees and maintains cash reserves of £26 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 | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 12 | 11 | 12 | 10 | 10 | 8 | 8 | ||||||||
| EBITDA* |
* 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 | 4,753,499 | 4,330,713 | 3,226,094 | 3,060,271 | 2,588,583 | 2,249,508 | 2,342,454 | 2,443,683 | 2,053,962 | 1,999,190 | 1,966,746 | 2,123,802 | 2,088,551 | 1,883,733 | 1,600,280 |
| Intangible Assets | 2,666 | 5,333 | 8,000 | 10,667 | 13,334 | 16,001 | 18,668 | 21,334 | 24,000 | 26,666 | |||||
| Investments & Other | 77,140 | 64,868 | 65,680 | 70,335 | 61,600 | ||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 4,830,639 | 4,395,581 | 3,226,094 | 3,060,271 | 2,588,583 | 2,317,854 | 2,418,122 | 2,513,283 | 2,064,629 | 2,012,524 | 1,982,747 | 2,142,470 | 2,109,885 | 1,907,733 | 1,626,946 |
| Stock & work in progress | 176,647 | 121,898 | 210,500 | 139,000 | 56,000 | 41,000 | 70,000 | 18,300 | 70,675 | 71,540 | 66,300 | 89,500 | 116,000 | 113,750 | 83,750 |
| Trade Debtors | 485,558 | 516,125 | 365,003 | 495,345 | 539,853 | 564,470 | 194,405 | 397,078 | 272,652 | 345,780 | 367,333 | 305,591 | 328,744 | 235,390 | 224,854 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 27,403 | 15,603 | 6,338 | ||||||||||||
| Cash | 26 | 121,833 | 128 | 204 | 20 | 20,386 | 147 | 69 | 11,862 | 377 | 310 | 52,689 | 41,343 | ||
| misc current assets | |||||||||||||||
| total current assets | 662,231 | 759,856 | 603,034 | 634,549 | 611,476 | 625,856 | 270,890 | 415,447 | 355,189 | 417,320 | 433,633 | 395,468 | 445,054 | 401,829 | 349,947 |
| total assets | 5,492,870 | 5,155,437 | 3,829,128 | 3,694,820 | 3,200,059 | 2,943,710 | 2,689,012 | 2,928,730 | 2,419,818 | 2,429,844 | 2,416,380 | 2,537,938 | 2,554,939 | 2,309,562 | 1,976,893 |
| Bank overdraft | 54,155 | 82,323 | 100,439 | 53,431 | 114,089 | 78,218 | |||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 455,323 | 628,161 | 324,998 | 307,329 | 275,849 | 334,379 | 107,048 | 146,155 | 717,276 | 921,999 | 1,105,745 | 972,858 | 978,471 | 770,202 | 628,761 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,025,452 | 1,146,349 | 1,001,127 | 865,060 | 730,344 | 787,767 | 708,348 | 639,396 | |||||||
| total current liabilities | 1,534,930 | 1,774,510 | 1,408,448 | 1,272,828 | 1,059,624 | 1,122,146 | 929,485 | 863,769 | 717,276 | 921,999 | 1,105,745 | 972,858 | 978,471 | 770,202 | 628,761 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 1,707,307 | 1,713,718 | 1,250,690 | 1,268,522 | 978,608 | 827,208 | 864,216 | 870,442 | 523,173 | 397,074 | 547,244 | 893,547 | 979,510 | 999,478 | 991,772 |
| provisions | 516,115 | 333,411 | 245,309 | 255,898 | 182,657 | 203,807 | 211,998 | 278,221 | 270,459 | 294,594 | 111,078 | 78,000 | 90,000 | 83,000 | 64,000 |
| total long term liabilities | 2,223,422 | 2,047,129 | 1,495,999 | 1,524,420 | 1,161,265 | 1,031,015 | 1,076,214 | 1,148,663 | 793,632 | 691,668 | 658,322 | 971,547 | 1,069,510 | 1,082,478 | 1,055,772 |
| total liabilities | 3,758,352 | 3,821,639 | 2,904,447 | 2,797,248 | 2,220,889 | 2,153,161 | 2,005,699 | 2,012,432 | 1,510,908 | 1,613,667 | 1,764,067 | 1,944,405 | 2,047,981 | 1,852,680 | 1,684,533 |
| net assets | 1,734,518 | 1,333,798 | 924,681 | 897,572 | 979,170 | 790,549 | 683,313 | 916,298 | 908,910 | 816,177 | 652,313 | 593,533 | 506,958 | 456,882 | 292,360 |
| total shareholders funds | 1,734,518 | 1,333,798 | 924,681 | 897,572 | 979,170 | 790,549 | 683,313 | 916,298 | 908,910 | 816,177 | 652,313 | 593,533 | 506,958 | 456,882 | 292,360 |
| 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 | |||||||||||||||
| Depreciation | 691,783 | 577,812 | 724,370 | 873,899 | 790,843 | 731,483 | 680,266 | 575,873 | 396,106 | 343,252 | 334,269 | 444,504 | 402,333 | 330,413 | 314,827 |
| Amortisation | 2,666 | 2,667 | 2,667 | 2,667 | 2,667 | 2,667 | 2,667 | 2,666 | 2,666 | 2,666 | 2,667 | ||||
| Tax | |||||||||||||||
| Stock | 54,749 | -88,602 | 71,500 | 83,000 | 15,000 | -29,000 | 51,700 | -52,375 | -865 | 5,240 | -23,200 | -26,500 | 2,250 | 30,000 | 83,750 |
| Debtors | -30,567 | 123,719 | -102,939 | -60,111 | -9,014 | 363,727 | -196,335 | 124,426 | -73,128 | -21,553 | 61,742 | -23,153 | 93,354 | 10,536 | 224,854 |
| Creditors | -172,838 | 303,163 | 17,669 | 31,480 | -58,530 | 227,331 | -39,107 | -571,121 | -204,723 | -183,746 | 132,887 | -5,613 | 208,269 | 141,441 | 628,761 |
| Accruals and Deferred Income | -120,897 | 145,222 | 136,067 | 134,716 | -57,423 | 79,419 | 68,952 | 639,396 | |||||||
| Deferred Taxes & Provisions | 182,704 | 88,102 | -10,589 | 73,241 | -21,150 | -8,191 | -66,223 | 7,762 | -24,135 | 183,516 | 33,078 | -12,000 | 7,000 | 19,000 | 64,000 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 12,272 | 64,868 | -65,680 | -4,655 | 8,735 | 61,600 | |||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -6,411 | 463,028 | -17,832 | 289,914 | 151,400 | -37,008 | -6,226 | 347,269 | 126,099 | -150,170 | -346,303 | -85,963 | -19,968 | 7,706 | 991,772 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -121,807 | 121,705 | -76 | 184 | -20,366 | 20,239 | 78 | -11,793 | 11,862 | -377 | 67 | -52,379 | 11,346 | 41,343 | |
| overdraft | 54,155 | -82,323 | -18,116 | 47,008 | 53,431 | -114,089 | 35,871 | 78,218 | |||||||
| change in cash | -175,962 | 204,028 | 18,040 | -46,824 | -73,797 | 134,328 | -35,793 | -90,011 | 11,862 | -377 | 67 | -52,379 | 11,346 | 41,343 |
banks agricultural contractors limited Credit Report and Business Information
Banks Agricultural Contractors Limited Competitor Analysis
Perform a competitor analysis for banks agricultural contractors limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other small companies, companies in TF10 area or any other competitors across 12 key performance metrics.
banks agricultural contractors limited Ownership
BANKS AGRICULTURAL CONTRACTORS LIMITED group structure
Banks Agricultural Contractors Limited has no subsidiary companies.
Ultimate parent company
BANKS AGRICULTURAL CONTRACTORS LIMITED
05081643
banks agricultural contractors limited directors
Banks Agricultural Contractors Limited currently has 2 directors. The longest serving directors include Mr Stephen Banks (Apr 2004) and Mr Thomas Banks (Apr 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Banks | England | 63 years | Apr 2004 | - | Director |
| Mr Thomas Banks | 53 years | Apr 2004 | - | Director |
P&L
July 2023turnover
2.9m
+1%
operating profit
534.2k
0%
gross margin
22.9%
-5.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
1.7m
+0.3%
total assets
5.5m
+0.07%
cash
26
-1%
net assets
Total assets minus all liabilities
banks agricultural contractors limited company details
company number
05081643
Type
Private limited with Share Capital
industry
01610 - Support activities for crop production
77310 - Renting and leasing of agricultural machinery and equipment
incorporation date
March 2004
age
21
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
banks contractors limited (April 2004)
accountant
-
auditor
-
address
four crosses farm cherrington, newport, shropshire, TF10 8PJ
Bank
-
Legal Advisor
-
banks agricultural contractors limited Charges & Mortgages
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 1 charges/mortgages relating to banks agricultural contractors limited. Currently there are 1 open charges and 0 have been satisfied in the past.
banks agricultural contractors limited 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.
Click to start generating capital raising & share issue transactions for BANKS AGRICULTURAL CONTRACTORS LIMITED. This can take several minutes, an email will notify you when this has completed.
banks agricultural contractors limited Companies House Filings - See Documents
| date | description | view/download |
|---|
