Simply Bearings Limited

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simply bearings limited Company Information

Live

EstablishedMidHigh

Company Number

05473344

Next Accounts

Mar 2025

Industry

Agents specialised in the sale of other particular products

Directors

Pierre Seznec

Shareholders

rollakin

Group Structure

View All

Contact

Registered Address

halton house green fold way, leigh, lancashire, WN7 3XJ

Website

www.simplybearings.co.uk

simply bearings limited Estimated Valuation

£7.1m

Pomanda estimates the enterprise value of SIMPLY BEARINGS LIMITED at £7.1m based on an EBITDA of £1.6m and a 4.5x industry multiple (adjusted for size and gross margin).

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Simply Bearings Limited is a live company located in lancashire, WN7 3XJ with a Companies House number of 05473344. It operates in the agents specialized in the sale of other particular products sector, SIC Code 46180. Founded in June 2005, it's largest shareholder is rollakin with a 100% stake. Simply Bearings Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.8m with high growth in recent years.

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Pomanda's financial health check has awarded Simply Bearings Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

3 Regular

4 Weak

Size

annual sales of £7.8m, make it in line with the average company (£8.6m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (7.2%)

EXPORT

Simply Bearings Limited's latest turnover from June 2023 is estimated at £7.8 million and the company has net assets of £4.1 million. According to their latest financial statements, Simply Bearings Limited has 49 employees and maintains cash reserves of £112.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	7,789,644	7,399,602	5,297,141	5,099,948	3,931,663	4,107,190	3,862,447	3,372,456	2,709,589	2,197,016	1,855,586	1,112,321	689,799	671,885
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,526,946	5,285,036	3,822,577	3,688,869	2,879,711	2,984,104	2,858,810	2,420,859	1,958,605	1,629,867	1,377,242	829,340	517,045	489,535
Gross Profit	2,262,698	2,114,566	1,474,565	1,411,079	1,051,952	1,123,087	1,003,637	951,597	750,984	567,149	478,344	282,981	172,753	182,350
Admin Expenses	730,144	1,795,687	1,406,286	1,262,522	371,444	326,398	570,479	557,155	616,603	247,982	297,009	172,115	-76,312	142,992
Operating Profit	1,532,554	318,879	68,279	148,557	680,508	796,689	433,158	394,442	134,381	319,167	181,335	110,866	249,065	39,358
Interest Payable	0	0	0	10,999	33,842	45,272	45,017	22,415	0	0	0	0	5,824	5,824
Interest Receivable	17,053	8,178	705	610	4,699	3,079	1,003	1,264	992	877	682	416	336	140
Pre-Tax Profit	1,549,607	327,057	68,984	138,168	651,364	754,496	389,144	373,290	135,373	320,044	182,017	111,282	243,577	33,674
Tax	-387,402	-62,141	-13,107	-26,252	-123,759	-143,354	-73,937	-74,658	-27,074	-67,209	-41,864	-26,708	-63,330	-9,429
Profit After Tax	1,162,205	264,916	55,877	111,916	527,605	611,142	315,207	298,632	108,298	252,835	140,153	84,574	180,247	24,245
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,162,205	264,916	55,877	111,916	527,605	611,142	315,207	298,632	108,298	252,835	140,153	84,574	180,247	24,245
Employee Costs	2,658,156	2,293,159	1,898,667	1,858,147	1,671,235	1,702,084	1,660,670	1,576,572	393,466	331,943	295,936	168,977	116,571	113,301
Number Of Employees	49	44	39	39	34	37	38	34	9	8	7	4	3	3
EBITDA*	1,579,021	376,657	114,505	194,243	707,374	822,231	459,288	423,658	167,166	344,120	203,724	136,281	268,127	54,416

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	1,151,563	1,185,237	1,187,596	1,189,918	1,160,315	1,131,727	1,129,562	1,134,298	1,152,041	1,506,349	411,128	425,865	400,530	417,688
Intangible Assets	151,643	101,902	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	1,303,206	1,287,139	1,187,596	1,189,918	1,160,315	1,131,727	1,129,562	1,134,298	1,152,041	1,506,349	411,128	425,865	400,530	417,688
Stock & work in progress	3,130,700	2,669,428	2,194,289	1,762,227	1,528,165	1,332,795	1,065,547	784,722	614,707	332,036	212,090	135,000	91,350	33,296
Trade Debtors	506,815	311,798	197,093	142,280	123,670	127,822	100,306	110,230	175,974	164,582	217,331	117,676	65,084	25,348
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	20,252	24,248	23,781	20,854	158,741	21,593	5,984	6,817	0	11,595	0	0	0	0
Cash	112,796	569,311	739,115	670,570	549,423	703,514	528,023	274,754	230,752	165,922	184,999	87,668	78,555	56,025
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,770,563	3,574,785	3,154,278	2,595,931	2,359,999	2,185,724	1,699,860	1,176,523	1,021,433	674,135	614,420	340,344	234,989	114,669
total assets	5,073,769	4,861,924	4,341,874	3,785,849	3,520,314	3,317,451	2,829,422	2,310,821	2,173,474	2,180,484	1,025,548	766,209	635,519	532,357
Bank overdraft	0	0	0	1	196,634	587,090	112,433	35,979	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	213,177	671,455	442,910	427,827	213,597	281,504	214,437	171,256	681,777	642,396	445,725	317,730	259,144	316,916
Group/Directors Accounts	0	0	0	0	0	0	0	145,853	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	41,770	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	671,525	1,166,867	1,170,930	686,569	390,410	370,884	441,588	207,083	0	0	0	0	0	0
total current liabilities	884,702	1,838,322	1,613,840	1,114,397	800,641	1,239,478	768,458	601,941	681,777	642,396	445,725	317,730	259,144	316,916
loans	0	0	0	0	163,975	55,039	638,422	611,952	0	0	0	0	0	179,212
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	11,566	0	689,701	847,698	139,969	146,037	159,776	0
provisions	50,215	46,955	16,303	15,598	11,760	6,601	5,785	6,944	10,644	7,336	9,635	12,376	11,107	10,984
total long term liabilities	50,215	46,955	16,303	15,598	175,735	61,640	655,773	618,896	700,345	855,034	149,604	158,413	170,883	190,196
total liabilities	934,917	1,885,277	1,630,143	1,129,995	976,376	1,301,118	1,424,231	1,220,837	1,382,122	1,497,430	595,329	476,143	430,027	507,112
net assets	4,138,852	2,976,647	2,711,731	2,655,854	2,543,938	2,016,333	1,405,191	1,089,984	791,352	683,054	430,219	290,066	205,492	25,245
total shareholders funds	4,138,852	2,976,647	2,711,731	2,655,854	2,543,938	2,016,333	1,405,191	1,089,984	791,352	683,054	430,219	290,066	205,492	25,245

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	1,532,554	318,879	68,279	148,557	680,508	796,689	433,158	394,442	134,381	319,167	181,335	110,866	249,065	39,358
Depreciation	46,467	57,778	46,226	45,686	26,866	25,542	26,130	29,216	32,785	24,953	22,389	25,415	19,062	15,058
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-387,402	-62,141	-13,107	-26,252	-123,759	-143,354	-73,937	-74,658	-27,074	-67,209	-41,864	-26,708	-63,330	-9,429
Stock	461,272	475,139	432,062	234,062	195,370	267,248	280,825	170,015	282,671	119,946	77,090	43,650	58,054	33,296
Debtors	191,021	115,172	57,740	-119,277	132,996	43,125	-10,757	-58,927	-203	-41,154	99,655	52,592	39,736	25,348
Creditors	-458,278	228,545	15,083	214,230	-67,907	67,067	43,181	-510,521	39,381	196,671	127,995	58,586	-57,772	316,916
Accruals and Deferred Income	-495,342	-4,063	484,361	296,159	19,526	-70,704	234,505	207,083	0	0	0	0	0	0
Deferred Taxes & Provisions	3,260	30,652	705	3,838	5,159	816	-1,159	-3,700	3,308	-2,299	-2,741	1,269	123	10,984
Cash flow from operations	-411,034	-20,661	111,745	567,433	212,027	365,683	391,810	-69,226	-99,687	392,491	110,369	73,186	49,358	314,243
Investing Activities
capital expenditure	-62,534	-157,321	-43,904	-75,289	-55,454	-27,707	-21,394	-11,473	321,523	-1,120,174	-7,652	-50,750	-1,904	-432,746
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-62,534	-157,321	-43,904	-75,289	-55,454	-27,707	-21,394	-11,473	321,523	-1,120,174	-7,652	-50,750	-1,904	-432,746
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	-145,853	145,853	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	-41,770	41,770	0	0	0	0	0	0
Long term loans	0	0	0	-163,975	108,936	-583,383	26,470	611,952	0	0	0	0	-179,212	179,212
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	-11,566	11,566	-689,701	-157,997	707,729	-6,068	-13,739	159,776	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	17,053	8,178	705	-10,389	-29,143	-42,193	-44,014	-21,151	992	877	682	416	-5,488	-5,684
cash flow from financing	17,053	8,178	705	-174,364	79,793	-637,142	-193,601	88,723	-157,005	708,606	-5,386	-13,323	-24,924	174,528
cash and cash equivalents
cash	-456,515	-169,804	68,545	121,147	-154,091	175,491	253,269	44,002	64,830	-19,077	97,331	9,113	22,530	56,025
overdraft	0	0	-1	-196,633	-390,456	474,657	76,454	35,979	0	0	0	0	0	0
change in cash	-456,515	-169,804	68,546	317,780	236,365	-299,166	176,815	8,023	64,830	-19,077	97,331	9,113	22,530	56,025

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for simply bearings limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in WN7 area or any other competitors across 12 key performance metrics.

SIMPLY BEARINGS LIMITED group structure

Simply Bearings Limited has no subsidiary companies.

Ultimate parent company

SIMPLY BEARINGS LIMITED

05473344

SIMPLY BEARINGS LIMITED Shareholders

rollakin

100%

Simply Bearings Limited currently has 1 director, Mr Pierre Seznec serving since Jun 2024.

officer	country	age	start	end	role
Mr Pierre Seznec		44 years	Jun 2024	-	Director

P&L

June 2023

turnover

7.8m

+5%

operating profit

1.5m

gross margin

29.1%

+1.65%

turnover

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

Balance Sheet

June 2023

net assets

4.1m

+0.39%

total assets

5.1m

+0.04%

cash

112.8k

-0.8%

net assets

Total assets minus all liabilities

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company number

05473344

Type

Private limited with Share Capital

industry

46180 - Agents specialised in the sale of other particular products

incorporation date

June 2005

ultimate parent company

None

previous names

N/A

address

halton house green fold way, leigh, lancashire, WN7 3XJ

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 6 charges/mortgages relating to simply bearings limited. Currently there are 0 open charges and 6 have been satisfied in the past.

simply bearings limited Company Information

simply bearings limited Estimated Valuation

simply bearings limited Estimated Valuation

simply bearings limited Estimated Valuation

Simply Bearings Limited Overview

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SIMPLY BEARINGS LIMITED financials

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simply bearings limited Companies House Filings - See Documents