Cadman Cranes Limited

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cadman cranes limited Company Information

Company Number

05298567

Next Accounts

Sep 2025

Directors

Sean Milbank

Matthew Sparrow

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Shareholders

milbank group limited

Group Structure

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Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Registered Address

milbank house airfield, earls colne, colchester, CO6 2NS

Website

www.cadmancranes.com

cadman cranes limited Estimated Valuation

£7.5m

Pomanda estimates the enterprise value of CADMAN CRANES LIMITED at £7.5m based on Net Assets of £3.5m and 2.13x industry multiple (adjusted for liquidity).

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Cadman Cranes Limited is a live company located in colchester, CO6 2NS with a Companies House number of 05298567. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in November 2004, it's largest shareholder is milbank group limited with a 100% stake. Cadman Cranes Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with low growth in recent years.

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Pomanda's financial health check has awarded Cadman Cranes 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 £1.7m, make it smaller than the average company (£8.5m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (9.3%)

EXPORT

Cadman Cranes Limited's latest turnover from December 2023 is estimated at £1.7 million and the company has net assets of £3.5 million. According to their latest financial statements, Cadman Cranes Limited has 28 employees and maintains cash reserves of £41.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,715,678	2,064,840	1,877,699	1,527,681	1,794,668	1,781,645	2,026,122	1,521,846	1,589,494	2,680,918	1,803,264	1,441,525	1,636,023	1,349,786
Other Income Or Grants
Cost Of Sales	1,474,742	1,783,939	1,625,891	1,322,811	1,543,613	1,528,647	1,726,171	1,282,553	1,342,558	2,288,219	1,531,320	1,220,472	1,374,079	1,112,919
Gross Profit	240,937	280,901	251,809	204,869	251,055	252,998	299,951	239,293	246,936	392,699	271,944	221,052	261,943	236,867
Admin Expenses	-17,866	17,075	456,431	253,796	196,781	269,271	205,227	-1,150,477	-22,653	16,201	-85,873	-126,996	98,324	121,183	-876,791
Operating Profit	258,803	263,826	-204,622	-48,927	54,274	-16,273	94,724	1,389,770	269,589	376,498	357,817	348,048	163,619	115,684	876,791
Interest Payable	27,131	9,682		7,847	16,301	8,069	435						1,263	1,263
Interest Receivable	1,936	1,425	142	49	197	68	283	694	1,633	1,098	975	439	35	34	33
Pre-Tax Profit	233,608	255,569	-204,480	-56,725	38,170	-24,274	94,572	1,390,464	271,223	377,596	358,792	348,487	162,392	114,456	876,824
Tax	-58,402	-48,558			-7,252		-17,969	-278,093	-54,244	-79,295	-82,522	-83,637	-42,222	-32,048	-245,511
Profit After Tax	175,206	207,011	-204,480	-56,725	30,918	-24,274	76,603	1,112,371	216,978	298,301	276,270	264,850	120,170	82,408	631,313
Dividends Paid
Retained Profit	175,206	207,011	-204,480	-56,725	30,918	-24,274	76,603	1,112,371	216,978	298,301	276,270	264,850	120,170	82,408	631,313
Employee Costs	1,395,744	1,389,891	1,229,320	1,456,388	1,500,688	1,564,791	1,428,301	1,270,261	1,001,410	313,234	229,655	191,482	223,552	215,437
Number Of Employees	28	30	28	33	34	36	34	31	25	8	6	5	6	6
EBITDA*	772,619	745,447	261,277	362,745	468,741	379,503	508,234	1,885,659	815,084	845,292	749,497	772,336	530,201	448,472	1,127,880

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	4,944,248	4,554,611	5,163,634	4,648,324	4,719,074	4,578,595	4,023,731	3,639,724	3,043,114	2,729,915	1,946,486	2,152,013	1,505,288	1,603,381	1,367,029
Intangible Assets								1	1	1	1	1	1	1	1
Investments & Other
Debtors (Due After 1 year)	2,211,537	1,883,816	1,396,241	1,224,985	1,378,875	1,000,273	400,000	400,000
Total Fixed Assets	7,155,785	6,438,427	6,559,875	5,873,309	6,097,949	5,578,868	4,423,731	4,039,725	3,043,115	2,729,916	1,946,487	2,152,014	1,505,289	1,603,382	1,367,030
Stock & work in progress	74,877	75,940	51,170	37,983	46,897	46,920	35,080	41,269	50,153	51,295	56,450	21,981	57,446	14,602	21,355
Trade Debtors	356,367	540,008	637,266	416,905	416,457	503,813	722,199	420,341	507,612	654,841	579,151	486,067	508,496	451,577	336,776
Group Debtors	27,705	65,287	90,336	79,338	91,915	93,141	386,013	48,736
Misc Debtors	247,484	174,953	91,839	265,806	222,837	47,089	120,215	107,808	69,520
Cash	41,645	32,103	49,332	63,962	34,521	17,965	265	112,848	442,398	210,806	228,335	161,785	13,625	437	13,146
misc current assets
total current assets	748,078	888,291	919,943	863,994	812,627	708,928	1,263,772	731,002	1,069,683	916,942	863,936	669,833	579,567	466,616	371,277
total assets	7,903,863	7,326,718	7,479,818	6,737,303	6,910,576	6,287,796	5,687,503	4,770,727	4,112,798	3,646,858	2,810,423	2,821,847	2,084,856	2,069,998	1,738,307
Bank overdraft							13,382							38,851
Bank loan
Trade Creditors	279,879	332,276	192,461	103,769	253,872	100,234	62,388	89,884	93,608	800,456	368,153	266,664	366,339	271,464	130,155
Group/Directors Accounts	169,702	9,895	111	6,225	5,000	210,320	10,001
other short term finances	278,499	203,830			257,279	225,707
hp & lease commitments	764,127	630,227			475,962	344,960					3,536	488,871	219,510	297,430	213,333
other current liabilities	206,234	412,012	1,063,276	657,218	177,680	252,891	954,839	619,618	902,438		209,001	5,670	5,431	6,487
total current liabilities	1,698,441	1,588,240	1,255,848	767,212	1,169,793	1,134,112	1,040,610	709,502	996,046	800,456	580,690	761,205	591,280	614,232	343,488
loans
hp & lease commitments	1,553,145	1,454,449	2,084,858	1,983,103	1,840,404	1,396,985					303,348	512,239	210,515	274,913	283,473
Accruals and Deferred Income
other liabilities							878,076	360,000	613,056	611,934	67,068	67,068	67,068	67,068	67,068
provisions	1,156,667	963,625	1,025,719	669,115	525,781	413,019	400,863	409,874	324,716	272,466	195,616	177,694	177,202	195,164	208,065
total long term liabilities	2,709,812	2,418,074	3,110,577	2,652,218	2,366,185	1,810,004	1,278,939	769,874	937,772	884,400	566,032	757,001	454,785	537,145	558,606
total liabilities	4,408,253	4,006,314	4,366,425	3,419,430	3,535,978	2,944,116	2,319,549	1,479,376	1,933,818	1,684,856	1,146,722	1,518,206	1,046,065	1,151,377	902,094
net assets	3,495,610	3,320,404	3,113,393	3,317,873	3,374,598	3,343,680	3,367,954	3,291,351	2,178,980	1,962,002	1,663,701	1,303,641	1,038,791	918,621	836,213
total shareholders funds	3,495,610	3,320,404	3,113,393	3,317,873	3,374,598	3,343,680	3,367,954	3,291,351	2,178,980	1,962,002	1,663,701	1,303,641	1,038,791	918,621	836,213

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	258,803	263,826	-204,622	-48,927	54,274	-16,273	94,724	1,389,770	269,589	376,498	357,817	348,048	163,619	115,684	876,791
Depreciation	513,816	481,621	465,899	411,672	414,467	395,776	413,510	495,889	545,495	468,794	391,680	424,288	366,582	332,788	251,089
Amortisation
Tax	-58,402	-48,558			-7,252		-17,969	-278,093	-54,244	-79,295	-82,522	-83,637	-42,222	-32,048	-245,511
Stock	-1,063	24,770	13,187	-8,914	-23	11,840	-6,189	-8,884	-1,142	-5,155	34,469	-35,465	42,844	-6,753	21,355
Debtors	179,029	448,382	228,648	-123,050	465,768	15,889	651,542	399,753	-77,709	75,690	93,084	-22,429	56,919	114,801	336,776
Creditors	-52,397	139,815	88,692	-150,103	153,638	37,846	-27,496	-3,724	-706,848	432,303	101,489	-99,675	94,875	141,309	130,155
Accruals and Deferred Income	-205,778	-651,264	406,058	479,538	-75,211	-701,948	335,221	-282,820	902,438	-209,001	203,331	239	-1,056	6,487
Deferred Taxes & Provisions	193,042	-62,094	356,604	143,334	112,762	12,156	-9,011	85,158	52,250	76,850	17,922	492	-17,962	-12,901	208,065
Cash flow from operations	471,118	-349,806	870,796	967,478	186,933	-300,172	143,626	1,015,311	1,087,531	995,614	862,164	647,649	464,073	443,271	862,458
Investing Activities
capital expenditure	-903,453	127,402	-981,209	-340,922	-554,946	-950,640	-797,516	-1,092,499	-858,694	-1,252,223	-186,153	-1,071,013	-268,489	-569,140	-1,618,119
Change in Investments
cash flow from investments	-903,453	127,402	-981,209	-340,922	-554,946	-950,640	-797,516	-1,092,499	-858,694	-1,252,223	-186,153	-1,071,013	-268,489	-569,140	-1,618,119
Financing Activities
Bank loans
Group/Directors Accounts	159,807	9,784	-6,114	1,225	-205,320	200,319	10,001
Other Short Term Loans	74,669	203,830		-257,279	31,572	225,707
Long term loans
Hire Purchase and Lease Commitments	232,596	-182	101,755	-333,263	574,421	1,741,945				-306,884	-694,226	571,085	-142,318	75,537	496,806
other long term liabilities						-878,076	518,076	-253,056	1,122	544,866					67,068
share issue											83,790				204,900
interest	-25,195	-8,257	142	-7,798	-16,104	-8,001	-152	694	1,633	1,098	975	439	-1,228	-1,229	33
cash flow from financing	441,877	205,175	95,783	-597,115	384,569	1,281,894	527,925	-252,362	2,755	239,080	-609,461	571,524	-143,546	74,308	768,807
cash and cash equivalents
cash	9,542	-17,229	-14,630	29,441	16,556	17,700	-112,583	-329,550	231,592	-17,529	66,550	148,160	13,188	-12,709	13,146
overdraft						-13,382	13,382						-38,851	38,851
change in cash	9,542	-17,229	-14,630	29,441	16,556	31,082	-125,965	-329,550	231,592	-17,529	66,550	148,160	52,039	-51,560	13,146

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CADMAN CRANES LIMITED group structure

Cadman Cranes Limited has no subsidiary companies.

Ultimate parent company

MILBANK VENTURES LIMITED

07968628

MILBANK GROUP LIMITED

07968625

2 parents

CADMAN CRANES LIMITED

05298567

CADMAN CRANES LIMITED Shareholders

milbank group limited

100%

Cadman Cranes Limited currently has 4 directors. The longest serving directors include Mr Sean Milbank (Aug 2016) and Mr Matthew Sparrow (Aug 2016).

officer	country	age	start	end	role
Mr Sean Milbank		54 years	Aug 2016	-	Director
Mr Matthew Sparrow		45 years	Aug 2016	-	Director
Mr Matthew Sparrow		45 years	Aug 2016	-	Director
Mr Matthew Waddingham	England	46 years	May 2018	-	Director

P&L

December 2023

turnover

1.7m

-17%

operating profit

258.8k

gross margin

14.1%

+3.23%

turnover

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

Balance Sheet

December 2023

net assets

3.5m

+0.05%

total assets

7.9m

+0.08%

cash

41.6k

+0.3%

net assets

Total assets minus all liabilities

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company number

05298567

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

November 2004

ultimate parent company

MILBANK VENTURES LIMITED

previous names

N/A

address

milbank house airfield, earls colne, colchester, CO6 2NS

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 11 charges/mortgages relating to cadman cranes limited. Currently there are 2 open charges and 9 have been satisfied in the past.

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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cadman cranes limited Company Information

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cadman cranes limited Estimated Valuation

cadman cranes limited Estimated Valuation

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