able business services limited
able business services limited Company Information
Company Number
05534694
Next Accounts
Dec 2025
Directors
Shareholders
omolabake kalejaiye
Group Structure
View All
Industry
Retail sale via mail order houses or via Internet
Registered Address
88 wood lane, dagenham, RM9 5SL
able business services limited Estimated Valuation
Pomanda estimates the enterprise value of ABLE BUSINESS SERVICES LIMITED at £40.9k based on a Turnover of £165.7k and 0.25x industry multiple (adjusted for size and gross margin).
able business services limited Estimated Valuation
Pomanda estimates the enterprise value of ABLE BUSINESS SERVICES LIMITED at £17k based on an EBITDA of £6k and a 2.84x industry multiple (adjusted for size and gross margin).
able business services limited Estimated Valuation
Pomanda estimates the enterprise value of ABLE BUSINESS SERVICES LIMITED at £0 based on Net Assets of £-68.4k and 2.21x industry multiple (adjusted for liquidity).
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Able Business Services Limited Overview
Able Business Services Limited is a live company located in dagenham, RM9 5SL with a Companies House number of 05534694. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in August 2005, it's largest shareholder is omolabake kalejaiye with a 100% stake. Able Business Services Limited is a mature, micro sized company, Pomanda has estimated its turnover at £165.7k with healthy growth in recent years.
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Able Business Services Limited Health Check
Pomanda's financial health check has awarded Able Business Services Limited a 2.5 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
1 Regular
6 Weak
Size
annual sales of £165.7k, make it smaller than the average company (£307.9k)
- Able Business Services Limited
£307.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a faster rate (3.2%)
- Able Business Services Limited
3.2% - Industry AVG
Production
with a gross margin of 19.1%, this company has a higher cost of product (36.5%)
- Able Business Services Limited
36.5% - Industry AVG
Profitability
an operating margin of 3.6% make it more profitable than the average company (2.7%)
- Able Business Services Limited
2.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Able Business Services Limited
4 - Industry AVG
Pay Structure
on an average salary of £29.1k, the company has an equivalent pay structure (£29.1k)
- Able Business Services Limited
£29.1k - Industry AVG
Efficiency
resulting in sales per employee of £82.9k, this is less efficient (£159.5k)
- Able Business Services Limited
£159.5k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is later than average (22 days)
- Able Business Services Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 197 days, this is slower than average (33 days)
- Able Business Services Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Able Business Services Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Able Business Services Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 475.3%, this is a higher level of debt than the average (72.6%)
475.3% - Able Business Services Limited
72.6% - Industry AVG
ABLE BUSINESS SERVICES LIMITED financials
Able Business Services Limited's latest turnover from March 2024 is estimated at £165.7 thousand and the company has net assets of -£68.4 thousand. According to their latest financial statements, Able Business Services Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 1 | 1 | 1 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 244 | 325 | 433 | 578 | 770 | 1,026 | 1,368 | 1,824 | 2,432 | 3,244 | 4,326 | 5,408 | 6,760 | 8,450 | 10,562 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 244 | 325 | 433 | 578 | 770 | 1,026 | 1,368 | 1,824 | 2,432 | 3,244 | 4,326 | 5,408 | 6,760 | 8,450 | 10,562 |
| Stock & work in progress | 3,555 | 3,006 | 2,319 | 2,850 | 3,352 | 2,995 | 3,550 | ||||||||
| Trade Debtors | 17,983 | 24,796 | 28,964 | 16,007 | 8,772 | 9,601 | 11,965 | 4,086 | 2,438 | 2,438 | 2,438 | 2,438 | 2,438 | 2,438 | 2,438 |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 737 | 1,512 | 1,075 | 1,506 | 569 | 447 | 430 | ||||||||
| misc current assets | |||||||||||||||
| total current assets | 17,983 | 24,796 | 28,964 | 16,007 | 8,772 | 9,601 | 11,965 | 4,086 | 6,730 | 6,956 | 5,832 | 6,794 | 6,359 | 5,880 | 6,418 |
| total assets | 18,227 | 25,121 | 29,397 | 16,585 | 9,542 | 10,627 | 13,333 | 5,910 | 9,162 | 10,200 | 10,158 | 12,202 | 13,119 | 14,330 | 16,980 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 72,719 | 82,781 | 76,072 | 57,180 | 52,699 | 57,943 | 61,144 | 64,305 | 64,177 | 67,735 | 70,506 | 74,797 | 79,043 | 81,364 | 87,954 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 72,719 | 82,781 | 76,072 | 57,180 | 52,699 | 57,943 | 61,144 | 64,305 | 64,177 | 67,735 | 70,506 | 74,797 | 79,043 | 81,364 | 87,954 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 9,250 | 8,599 | 7,950 | ||||||||||||
| other liabilities | 4,655 | 6,641 | 8,578 | 10,000 | |||||||||||
| provisions | 7,300 | 6,650 | |||||||||||||
| total long term liabilities | 13,905 | 15,240 | 16,528 | 17,300 | 6,650 | ||||||||||
| total liabilities | 86,624 | 98,021 | 92,600 | 74,480 | 59,349 | 57,943 | 61,144 | 64,305 | 64,177 | 67,735 | 70,506 | 74,797 | 79,043 | 81,364 | 87,954 |
| net assets | -68,397 | -72,900 | -63,203 | -57,895 | -49,807 | -47,316 | -47,811 | -58,395 | -55,015 | -57,535 | -60,348 | -62,595 | -65,924 | -67,034 | -70,974 |
| total shareholders funds | -68,397 | -72,900 | -63,203 | -57,895 | -49,807 | -47,316 | -47,811 | -58,395 | -55,015 | -57,535 | -60,348 | -62,595 | -65,924 | -67,034 | -70,974 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 812 | 1,082 | 1,082 | 1,352 | 1,690 | 2,112 | 2,641 | ||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -3,555 | 549 | 687 | -531 | -502 | 357 | -555 | 3,550 | |||||||
| Debtors | -6,813 | -4,168 | 12,957 | 7,235 | -829 | -2,364 | 7,879 | 1,648 | 2,438 | ||||||
| Creditors | -10,062 | 6,709 | 18,892 | 4,481 | -5,244 | -3,201 | -3,161 | 128 | -3,558 | -2,771 | -4,291 | -4,246 | -2,321 | -6,590 | 87,954 |
| Accruals and Deferred Income | 651 | 649 | 7,950 | ||||||||||||
| Deferred Taxes & Provisions | -7,300 | 650 | 6,650 | ||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| 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 | -1,986 | -1,937 | -1,422 | 10,000 | |||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -737 | -775 | 437 | -431 | 937 | 122 | 17 | 430 | |||||||
| overdraft | |||||||||||||||
| change in cash | -737 | -775 | 437 | -431 | 937 | 122 | 17 | 430 |
able business services limited Credit Report and Business Information
Able Business Services Limited Competitor Analysis
Perform a competitor analysis for able business services limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in RM9 area or any other competitors across 12 key performance metrics.
able business services limited Ownership
ABLE BUSINESS SERVICES LIMITED group structure
Able Business Services Limited has no subsidiary companies.
Ultimate parent company
ABLE BUSINESS SERVICES LIMITED
05534694
able business services limited directors
Able Business Services Limited currently has 1 director, Mrs Ifeoluwa Kalejaiye serving since Aug 2005.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Ifeoluwa Kalejaiye | 44 years | Aug 2005 | - | Director |
P&L
March 2024turnover
165.7k
-9%
operating profit
6k
0%
gross margin
19.2%
-4.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
-68.4k
-0.06%
total assets
18.2k
-0.27%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
able business services limited company details
company number
05534694
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
August 2005
age
20
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
88 wood lane, dagenham, RM9 5SL
Bank
-
Legal Advisor
-
able business services 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 able business services limited.
able business services 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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able business services limited Companies House Filings - See Documents
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