oli-tec limited
oli-tec limited Company Information
Company Number
05367958
Next Accounts
93 days late
Industry
Manufacture of printed labels
Shareholders
nicholas richardson
peter mcsorley
View AllGroup Structure
View All
Contact
Registered Address
the copper room, deva city office park, manchester, M3 7BG
Website
oli-tec.comoli-tec limited Estimated Valuation
Pomanda estimates the enterprise value of OLI-TEC LIMITED at £289.6k based on a Turnover of £876.8k and 0.33x industry multiple (adjusted for size and gross margin).
oli-tec limited Estimated Valuation
Pomanda estimates the enterprise value of OLI-TEC LIMITED at £0 based on an EBITDA of £-635.8k and a 2.67x industry multiple (adjusted for size and gross margin).
oli-tec limited Estimated Valuation
Pomanda estimates the enterprise value of OLI-TEC LIMITED at £0 based on Net Assets of £-4.5m and 1.44x industry multiple (adjusted for liquidity).
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Oli-tec Limited Overview
Oli-tec Limited is a live company located in manchester, M3 7BG with a Companies House number of 05367958. It operates in the manufacture of printed labels sector, SIC Code 18121. Founded in February 2005, it's largest shareholder is nicholas richardson with a 20% stake. Oli-tec Limited is a established, small sized company, Pomanda has estimated its turnover at £876.8k with healthy growth in recent years.
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Oli-tec Limited Health Check
Pomanda's financial health check has awarded Oli-Tec Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £876.8k, make it smaller than the average company (£16.6m)
- Oli-tec Limited
£16.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (4.8%)
- Oli-tec Limited
4.8% - Industry AVG
Production
with a gross margin of 28.3%, this company has a comparable cost of product (28.3%)
- Oli-tec Limited
28.3% - Industry AVG
Profitability
an operating margin of -78.2% make it less profitable than the average company (9.8%)
- Oli-tec Limited
9.8% - Industry AVG
Employees
with 5 employees, this is below the industry average (86)
5 - Oli-tec Limited
86 - Industry AVG
Pay Structure
on an average salary of £36.7k, the company has an equivalent pay structure (£36.7k)
- Oli-tec Limited
£36.7k - Industry AVG
Efficiency
resulting in sales per employee of £175.4k, this is more efficient (£147.2k)
- Oli-tec Limited
£147.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Oli-tec Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 148 days, this is slower than average (62 days)
- Oli-tec Limited
62 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Oli-tec Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is more cash available to meet short term requirements (11 weeks)
15 weeks - Oli-tec Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1439.1%, this is a higher level of debt than the average (46.2%)
1439.1% - Oli-tec Limited
46.2% - Industry AVG
OLI-TEC LIMITED financials
Oli-Tec Limited's latest turnover from December 2022 is estimated at £876.8 thousand and the company has net assets of -£4.5 million. According to their latest financial statements, Oli-Tec Limited has 5 employees and maintains cash reserves of £78.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | ||||||||||||||
| 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 | 5 | 6 | 7 | 7 | 7 | 6 | 6 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 251,437 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,048 | 59,033 | 116,329 | 173,625 |
| 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 | 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 |
| Total Fixed Assets | 251,437 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,048 | 59,033 | 116,329 | 173,625 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,731 | 8,296 | 18,421 | 18,673 | 16,110 | 7,495 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,635 | 28,415 | 9,097 | 27,931 | 12,479 | 12,874 | 14,472 | 7,523 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 78,749 | 692,653 | 105,594 | 259,850 | 52,142 | 10,779 | 74,938 | 12,332 | 20,991 | 79,299 | 36,061 | 88,134 | 73,227 | 81,559 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 84,384 | 721,068 | 114,691 | 287,781 | 64,621 | 23,653 | 89,410 | 19,855 | 24,722 | 87,595 | 54,482 | 106,807 | 89,337 | 89,054 |
| total assets | 335,821 | 721,068 | 114,691 | 287,781 | 64,621 | 23,653 | 89,410 | 19,855 | 24,722 | 87,595 | 58,530 | 165,840 | 205,666 | 262,679 |
| Bank overdraft | 0 | 0 | 6,826 | 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 | 256,103 | 191,210 | 22,674 | 90,191 | 66,709 | 60,574 | 108,975 | 108,719 | 122,311 | 98,220 | 94,180 | 1,209,603 | 565,333 | 512,164 |
| 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 | 2,100 | 42,850 | 0 | 27,627 | 18,500 | 18,500 | 17,750 | 17,750 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 258,203 | 234,060 | 29,500 | 117,818 | 85,209 | 79,074 | 126,725 | 126,469 | 122,311 | 98,220 | 94,180 | 1,209,603 | 565,333 | 512,164 |
| loans | 284,221 | 289,887 | 232,387 | 232,387 | 232,387 | 6,864 | 6,864 | 6,864 | 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 | 1,000,000 | 1,000,000 | 1,748,953 | 1,414,832 | 1,080,712 | 796,712 | 576,028 | 408,728 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 3,290,276 | 3,285,943 | 3,333,443 | 3,333,443 | 2,963,443 | 2,788,193 | 2,418,193 | 2,088,193 | 2,213,347 | 1,970,304 | 1,663,864 | 6,864 | 6,864 | 6,864 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,574,497 | 4,575,830 | 5,314,783 | 4,980,662 | 4,276,542 | 3,591,769 | 3,001,085 | 2,503,785 | 2,213,347 | 1,970,304 | 1,663,864 | 6,864 | 6,864 | 6,864 |
| total liabilities | 4,832,700 | 4,809,890 | 5,344,283 | 5,098,480 | 4,361,751 | 3,670,843 | 3,127,810 | 2,630,254 | 2,335,658 | 2,068,524 | 1,758,044 | 1,216,467 | 572,197 | 519,028 |
| net assets | -4,496,879 | -4,088,822 | -5,229,592 | -4,810,699 | -4,297,130 | -3,647,190 | -3,038,400 | -2,610,399 | -2,310,936 | -1,980,929 | -1,699,514 | -1,050,627 | -366,531 | -256,349 |
| total shareholders funds | -4,496,879 | -4,088,822 | -5,229,592 | -4,810,699 | -4,297,130 | -3,647,190 | -3,038,400 | -2,610,399 | -2,310,936 | -1,980,929 | -1,699,514 | -1,050,627 | -366,531 | -256,349 |
| 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 | ||||||||||||||
| Depreciation | 50,287 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,048 | 58,434 | 57,296 | 57,296 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -22,780 | 19,318 | -18,834 | 15,452 | -395 | -1,598 | 6,949 | 3,792 | -4,565 | -10,125 | -252 | 2,563 | 8,615 | 7,495 |
| Creditors | 64,893 | 168,536 | -67,517 | 23,482 | 6,135 | -48,401 | 256 | -13,592 | 24,091 | 4,040 | -1,115,423 | 644,270 | 53,169 | 512,164 |
| Accruals and Deferred Income | -40,750 | -706,103 | 306,494 | 343,247 | 284,000 | 221,434 | 167,300 | 426,478 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| 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 | -5,666 | 57,500 | 0 | 0 | 225,523 | 0 | 0 | 6,864 | 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 | 4,333 | -47,500 | 0 | 370,000 | 175,250 | 370,000 | 330,000 | -125,154 | 243,043 | 306,440 | 1,657,000 | 0 | 0 | 6,864 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -613,904 | 587,059 | -154,256 | 207,708 | 41,363 | -64,159 | 62,606 | -8,659 | -58,308 | 43,238 | -52,073 | 14,907 | -8,332 | 81,559 |
| overdraft | 0 | -6,826 | 6,826 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -613,904 | 593,885 | -161,082 | 207,708 | 41,363 | -64,159 | 62,606 | -8,659 | -58,308 | 43,238 | -52,073 | 14,907 | -8,332 | 81,559 |
oli-tec limited Credit Report and Business Information
Oli-tec Limited Competitor Analysis
Perform a competitor analysis for oli-tec limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in M 3 area or any other competitors across 12 key performance metrics.
oli-tec limited Ownership
OLI-TEC LIMITED group structure
Oli-Tec Limited has no subsidiary companies.
Ultimate parent company
OLI-TEC LIMITED
05367958
oli-tec limited directors
Oli-Tec Limited currently has 9 directors. The longest serving directors include Mr Alexander McLennan (Aug 2005) and Mr Peter McSorley (Mar 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alexander McLennan | England | 53 years | Aug 2005 | - | Director |
| Mr Peter McSorley | 77 years | Mar 2008 | - | Director | |
| Ms Denize Hawkes | 76 years | May 2011 | - | Director | |
| Mrs Pauline McSorley | England | 83 years | Aug 2011 | - | Director |
| Mrs Suzanna Watt | England | 50 years | Sep 2017 | - | Director |
| Mr Nigel Broadhurst | England | 65 years | Jun 2022 | - | Director |
| Mr Richard Baker | United States | 57 years | Jun 2022 | - | Director |
| Mr Nicholas Richardson | England | 57 years | Jun 2022 | - | Director |
| Mr Nicholas Richardson | England | 57 years | Jun 2022 | - | Director |
P&L
December 2022turnover
876.8k
+7%
operating profit
-686.1k
0%
gross margin
28.3%
+2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-4.5m
+0.1%
total assets
335.8k
-0.53%
cash
78.7k
-0.89%
net assets
Total assets minus all liabilities
oli-tec limited company details
company number
05367958
Type
Private limited with Share Capital
industry
18121 - Manufacture of printed labels
incorporation date
February 2005
age
19
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2022
previous names
intray ltd (November 2020)
accountant
-
auditor
-
address
the copper room, deva city office park, manchester, M3 7BG
Bank
-
Legal Advisor
-
oli-tec 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 did not find charges/mortgages relating to oli-tec limited.
oli-tec 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.
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oli-tec limited Companies House Filings - See Documents
| date | description | view/download |
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