Solar Inks Ltd

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solar inks ltd Company Information

Live

MatureSmallDeclining

Company Number

05104479

Website

http://solarinks.com

Registered Address

unit e3 halesfield 23, telford, shropshire, TF7 4NY

Industry

Manufacture of printing ink

Telephone

01952680066

Next Accounts Due

September 2025

Group Structure

View All

Directors

Jonathan Mack4 Years

View All

Shareholders

omya uk limited 100%

solar inks ltd Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of SOLAR INKS LTD at £1.8m based on a Turnover of £2.6m and 0.68x industry multiple (adjusted for size and gross margin).

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Solar Inks Ltd is a live company located in shropshire, TF7 4NY with a Companies House number of 05104479. It operates in the manufacture of printing ink sector, SIC Code 20302. Founded in April 2004, it's largest shareholder is omya uk limited with a 100% stake. Solar Inks Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.6m with declining growth in recent years.

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

Health Rating2out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£16.7m)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (-2%)

EXPORT

Solar Inks Ltd's latest turnover from December 2023 is estimated at £2.6 million and the company has net assets of £603.3 thousand. According to their latest financial statements, Solar Inks Ltd has 16 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	2,641,341	3,671,646	3,902,901	4,762,930	3,836,517	3,390,406	1,716,516	1,596,156	1,204,641	1,387,794	1,230,100	1,099,989	1,177,283	561,874	596,330
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,880,621	2,842,287	3,021,305	3,685,207	3,065,000	2,703,296	1,076,982	1,164,610	857,524	1,002,922	865,372	776,138	859,329	398,016	438,272
Gross Profit	760,720	829,360	881,596	1,077,723	771,517	687,110	639,535	431,547	347,117	384,872	364,729	323,851	317,954	163,858	158,058
Admin Expenses	1,481,697	1,032,338	784,492	765,147	245,448	445,668	475,106	346,666	209,821	336,269	367,692	242,059	331,962	87,710	-246,839
Operating Profit	-720,977	-202,978	97,104	312,576	526,069	241,442	164,429	84,881	137,296	48,603	-2,963	81,792	-14,008	76,148	404,897
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	3,649	1,604	1,075	5,583	3,931	1,731	773	1,517	1,220	1,246	1,184	951	958	500
Pre-Tax Profit	-720,977	-199,329	98,709	313,651	531,652	245,373	166,160	85,654	138,813	49,823	-1,717	82,977	-13,057	77,107	405,397
Tax	0	0	-18,755	-59,594	-101,014	-46,621	-31,570	-16,274	-27,762	-9,964	0	-19,085	0	-20,048	-113,511
Profit After Tax	-720,977	-199,329	79,954	254,057	430,638	198,752	134,590	69,380	111,050	39,858	-1,717	63,892	-13,057	57,059	291,886
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-720,977	-199,329	79,954	254,057	430,638	198,752	134,590	69,380	111,050	39,858	-1,717	63,892	-13,057	57,059	291,886
Employee Costs	715,686	820,602	690,305	682,544	713,796	788,669	529,233	446,394	294,683	347,351	270,686	270,686	225,262	123,520	129,372
Number Of Employees	16	17	16	15	15	17	15	12	9	9	7	7	6	3	3
EBITDA*	-686,472	-160,646	146,284	408,103	553,384	290,586	219,715	140,671	179,735	90,686	32,631	119,150	30,349	114,306	427,384

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	109,558	128,422	151,706	82,130	108,768	134,317	120,583	150,356	118,618	133,576	112,479	112,074	133,070	114,475	67,461
Intangible Assets	0	0	0	0	68,889	103,333	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	109,558	128,422	151,706	82,130	177,657	237,650	120,583	150,356	118,618	133,576	112,479	112,074	133,070	114,475	67,461
Stock & work in progress	222,955	323,315	403,755	252,925	163,824	114,291	82,396	69,674	35,943	32,468	30,685	33,895	32,419	30,875	10,668
Trade Debtors	493,806	568,921	593,740	701,106	480,188	433,645	299,385	280,764	295,795	276,473	295,614	251,398	265,959	184,215	162,302
Group Debtors	245,457	681,499	758,659	0	0	0	95,036	0	0	0	0	0	0	0	0
Misc Debtors	10,195	0	46,037	66,372	16,745	27,793	48,200	51,800	54,279	0	0	0	0	0	0
Cash	0	0	208,533	1,074,817	1,074,358	633,629	414,508	278,069	340,331	266,401	221,542	276,687	197,072	183,164	200,187
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	972,413	1,573,735	2,010,724	2,095,220	1,735,115	1,209,358	939,525	680,307	726,348	575,342	547,841	561,980	495,450	398,254	373,157
total assets	1,081,971	1,702,157	2,162,430	2,177,350	1,912,772	1,447,008	1,060,108	830,663	844,966	708,918	660,320	674,054	628,520	512,729	440,618
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	417,898	342,586	608,350	669,289	384,723	412,013	269,575	167,056	195,109	248,373	233,933	268,274	286,632	157,784	142,732
Group/Directors Accounts	0	0	0	0	260,742	17,372	24	31	2,773	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	5,700	0	0	0	0	0	0
other current liabilities	60,789	35,310	30,490	64,425	77,728	59,930	31,568	39,225	75,489	0	0	0	0	0	0
total current liabilities	478,687	377,896	638,840	733,714	723,193	489,315	301,167	206,312	279,071	248,373	233,933	268,274	286,632	157,784	142,732
loans	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	10,924	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	0	16,624	22,324	0	0	0	0
provisions	0	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	10,924	16,624	22,324	0	0	0	0
total liabilities	478,687	377,896	638,840	733,714	723,193	489,315	301,167	206,312	289,995	264,997	256,257	268,274	286,632	157,784	142,732
net assets	603,284	1,324,261	1,523,590	1,443,636	1,189,579	957,693	758,941	624,351	554,971	443,921	404,063	405,780	341,888	354,945	297,886
total shareholders funds	603,284	1,324,261	1,523,590	1,443,636	1,189,579	957,693	758,941	624,351	554,971	443,921	404,063	405,780	341,888	354,945	297,886

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-720,977	-202,978	97,104	312,576	526,069	241,442	164,429	84,881	137,296	48,603	-2,963	81,792	-14,008	76,148	404,897
Depreciation	34,505	42,332	49,180	26,638	27,315	49,144	55,286	55,790	42,439	42,083	35,594	37,358	44,357	38,158	22,487
Amortisation	0	0	0	68,889	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-18,755	-59,594	-101,014	-46,621	-31,570	-16,274	-27,762	-9,964	0	-19,085	0	-20,048	-113,511
Stock	-100,360	-80,440	150,830	89,101	81,428	31,895	12,722	33,731	3,475	1,783	-3,210	1,476	1,544	20,207	10,668
Debtors	-500,962	-148,016	630,958	270,545	54,312	18,817	110,057	-17,510	73,601	-19,141	44,216	-14,561	81,744	21,913	162,302
Creditors	75,312	-265,764	-60,939	284,566	115,148	142,438	102,519	-28,053	-53,264	14,440	-34,341	-18,358	128,848	15,052	142,732
Accruals and Deferred Income	25,479	4,820	-33,935	-13,303	46,160	28,362	-7,657	-36,264	75,489	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	15,641	-193,134	-749,133	260,126	477,938	364,053	160,228	43,859	97,122	112,520	-42,716	94,792	75,909	67,190	283,635
Investing Activities
capital expenditure	-15,641	-19,048	-118,756	0	-84,389	-166,211	-25,513	-87,528	-27,481	-63,180	-35,999	-16,362	-62,952	-85,172	-89,948
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-15,641	-19,048	-118,756	0	-84,389	-166,211	-25,513	-87,528	-27,481	-63,180	-35,999	-16,362	-62,952	-85,172	-89,948
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	-260,742	260,718	17,348	-7	-2,742	2,773	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	0	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	-16,624	16,624	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-16,624	-5,700	22,324	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	6,000
interest	0	3,649	1,604	1,075	5,583	3,931	1,731	773	1,517	1,220	1,246	1,184	951	958	500
cash flow from financing	0	3,649	1,604	-259,667	266,301	21,279	1,724	-18,593	4,290	-4,480	23,570	1,184	951	958	6,500
cash and cash equivalents
cash	0	-208,533	-866,284	459	659,850	219,121	136,439	-62,262	73,930	44,859	-55,145	79,615	13,908	-17,023	200,187
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	-208,533	-866,284	459	659,850	219,121	136,439	-62,262	73,930	44,859	-55,145	79,615	13,908	-17,023	200,187

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SOLAR INKS LTD group structure

Solar Inks Ltd has no subsidiary companies.

Ultimate parent company

OMYA AG

#0045584

OMYA UK LIMITED

00436591

2 parents

SOLAR INKS LTD

05104479

SOLAR INKS LTD Shareholders

omya uk limited

100%

Solar Inks Ltd currently has 4 directors. The longest serving directors include Mr Jonathan Mack (Nov 2019) and Mr Jonathan Mack (Nov 2019).

officer	age	start	end	role
Mr Jonathan Mack	49 years	Nov 2019	-	Director
Mr Jonathan Mack	49 years	Nov 2019	-	Director
Mr William Cardew	64 years	Nov 2019	-	Director
Mr Carl Tynell	49 years	Aug 2022	-	Director

P&L

December 2023

turnover

2.6m

-28%

operating profit

-721k

gross margin

28.9%

+27.5%

turnover

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

Balance Sheet

December 2023

net assets

603.3k

-0.54%

total assets

1.1m

-0.36%

cash

net assets

Total assets minus all liabilities

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company number

05104479

Type

Private limited with Share Capital

industry

20302 - Manufacture of printing ink

incorporation date

April 2004

accounts

Small Company

ultimate parent company

OMYA AG

previous names

N/A

last accounts submitted

December 2023

address

unit e3 halesfield 23, telford, shropshire, TF7 4NY

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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solar inks ltd Company Information

solar inks ltd Estimated Valuation

solar inks ltd Estimated Valuation

solar inks ltd Estimated Valuation

Solar Inks Ltd Overview

Solar Inks Ltd Health Check

SOLAR INKS LTD financials

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solar inks ltd Ownership

solar inks ltd directors

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