Armco Direct Limited

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armco direct limited Company Information

Live

EstablishedSmallRapid

Company Number

05646867

Website

www.armcodirect.co.uk

Registered Address

4 bank court weldon road, loughborough, leicestershire, LE11 5RF

Industry

Construction of other civil engineering projects n.e.c.

Telephone

01530839955

Next Accounts Due

December 2024

Group Structure

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Directors

Darren Lallo15 Years

Aime Lallo7 Years

Shareholders

armco direct (holdings) ltd 100%

armco direct limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of ARMCO DIRECT LIMITED at £1.5m based on an EBITDA of £448.9k and a 3.3x industry multiple (adjusted for size and gross margin).

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Armco Direct Limited is a live company located in leicestershire, LE11 5RF with a Companies House number of 05646867. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in December 2005, it's largest shareholder is armco direct (holdings) ltd with a 100% stake. Armco Direct Limited is a established, small sized company, Pomanda has estimated its turnover at £4.6m with rapid growth in recent years.

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

Health Rating5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £4.6m, make it smaller than the average company (£13.6m)

Growth

3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (6.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ARMCO DIRECT LIMITED group structure

Armco Direct Limited has no subsidiary companies.

Ultimate parent company

ARMCO DIRECT (HOLDINGS) LTD

10538673

1 parent

ARMCO DIRECT LIMITED

05646867

ARMCO DIRECT LIMITED Shareholders

armco direct (holdings) ltd

100%

Armco Direct Limited currently has 2 directors. The longest serving directors include Mr Darren Lallo (Sep 2008) and Mrs Aime Lallo (Mar 2017).

officer	country	age	start	end	role
Mr Darren Lallo	United Kingdom	54 years	Sep 2008	-	Director
Mrs Aime Lallo	United Kingdom	47 years	Mar 2017	-	Director

EXPORT

Armco Direct Limited's latest turnover from March 2023 is estimated at £4.6 million and the company has net assets of £855.3 thousand. According to their latest financial statements, Armco Direct Limited has 8 employees and maintains cash reserves of £17.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	4,554,138	3,844,028	2,844,523	1,879,455	1,807,213	1,870,088	1,583,637	1,026,576	1,021,548	1,165,137	1,529,569	1,284,357	1,148,967	914,690
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,798,463	3,208,137	2,377,826	1,551,098	1,476,752	1,500,246	1,264,616	823,435	824,354	947,125	1,201,204	1,009,911	889,088	696,760
Gross Profit	755,675	635,890	466,697	328,356	330,461	369,842	319,021	203,141	197,194	218,012	328,364	274,446	259,879	217,931
Admin Expenses	330,361	581,150	332,606	324,179	277,638	330,325	300,733	148,204	183,564	150,973	362,366	210,858	282,270	-18,654
Operating Profit	425,314	54,740	134,091	4,177	52,823	39,517	18,288	54,937	13,630	67,039	-34,002	63,588	-22,391	236,585
Interest Payable	3,762	3,094	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,089	628	167	154	540	511	389	537	430	280	191	199	143	111
Pre-Tax Profit	422,641	52,274	132,733	4,331	53,363	40,028	18,678	55,474	14,061	67,319	-33,811	63,786	-22,248	236,696
Tax	-80,302	-9,932	-25,219	-823	-10,139	-7,605	-3,735	-11,095	-2,953	-15,483	0	-16,584	0	-66,275
Profit After Tax	342,339	42,342	107,514	3,508	43,224	32,423	14,942	44,379	11,108	51,836	-33,811	47,202	-22,248	170,421
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	342,339	42,342	107,514	3,508	43,224	32,423	14,942	44,379	11,108	51,836	-33,811	47,202	-22,248	170,421
Employee Costs	388,431	366,981	222,482	266,894	213,349	167,578	115,719	230,603	222,783	254,708	352,744	346,846	304,647	276,820
Number Of Employees	8	8	5	6	5	4	3	6	6	7	10	10	9	8
EBITDA*	448,878	94,648	171,900	18,518	64,056	46,413	26,348	62,797	15,780	68,716	-32,482	65,286	-20,328	239,335

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	105,377	111,302	235,078	89,967	54,894	18,314	18,128	25,608	22,869	4,108	4,994	5,482	6,187	8,250
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	105,377	111,302	235,078	89,967	54,894	18,314	18,128	25,608	22,869	4,108	4,994	5,482	6,187	8,250
Stock & work in progress	920,938	597,072	354,943	218,611	209,076	133,969	146,459	120,058	92,354	85,146	182,857	138,562	140,042	158,824
Trade Debtors	389,777	470,804	340,903	179,562	225,707	360,826	234,602	161,406	156,699	176,144	162,284	154,188	138,974	87,075
Group Debtors	0	540	131,653	1,125	59	23	0	0	0	0	0	0	0	0
Misc Debtors	181,581	45,958	29,744	72,572	69,441	48,286	48,266	5,376	0	0	0	0	0	0
Cash	17,160	34,084	133,336	201,574	105,640	38,248	166,118	145,208	69,659	102,537	9,570	66,671	12,774	44,403
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,509,456	1,148,458	990,579	673,444	609,923	581,352	595,445	432,048	318,712	363,827	354,711	359,421	291,790	290,302
total assets	1,614,833	1,259,760	1,225,657	763,411	664,817	599,666	613,573	457,656	341,581	367,935	359,705	364,903	297,977	298,552
Bank overdraft	10,000	10,000	8,333	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	320,055	325,958	363,679	260,899	199,982	199,225	256,937	67,023	112,493	153,613	197,042	168,332	148,405	126,298
Group/Directors Accounts	144	0	0	0	0	0	2	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	19,912	83,121	17,355	6,700	0	0	0	0	0	0	0	0	0
other current liabilities	388,905	336,439	142,679	90,917	80,219	80,829	69,079	116,524	0	0	0	0	0	0
total current liabilities	719,104	692,309	597,812	369,171	286,901	280,054	326,018	183,547	112,493	153,613	197,042	168,332	148,405	126,298
loans	21,734	31,667	41,667	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	74,807	16,791	12,296	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	0	0	0	0	0	0	0	0
provisions	18,716	22,844	40,773	14,365	6,044	3,260	3,626	5,122	4,480	822	999	1,096	1,299	1,733
total long term liabilities	40,450	54,511	157,247	31,156	18,340	3,260	3,626	5,122	4,480	822	999	1,096	1,299	1,733
total liabilities	759,554	746,820	755,059	400,327	305,241	283,314	329,644	188,669	116,973	154,435	198,041	169,428	149,704	128,031
net assets	855,279	512,940	470,598	363,084	359,576	316,352	283,929	268,987	224,608	213,500	161,664	195,475	148,273	170,521
total shareholders funds	855,279	512,940	470,598	363,084	359,576	316,352	283,929	268,987	224,608	213,500	161,664	195,475	148,273	170,521

	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	425,314	54,740	134,091	4,177	52,823	39,517	18,288	54,937	13,630	67,039	-34,002	63,588	-22,391	236,585
Depreciation	23,564	39,908	37,809	14,341	11,233	6,896	8,060	7,860	2,150	1,677	1,520	1,698	2,063	2,750
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-80,302	-9,932	-25,219	-823	-10,139	-7,605	-3,735	-11,095	-2,953	-15,483	0	-16,584	0	-66,275
Stock	323,866	242,129	136,332	9,535	75,107	-12,490	26,401	27,704	7,208	-97,711	44,295	-1,480	-18,782	158,824
Debtors	54,056	15,002	249,041	-41,948	-113,928	126,267	116,086	10,083	-19,445	13,860	8,096	15,214	51,899	87,075
Creditors	-5,903	-37,721	102,780	60,917	757	-57,712	189,914	-45,470	-41,120	-43,429	28,710	19,927	22,107	126,298
Accruals and Deferred Income	52,466	193,760	51,762	10,698	-610	11,750	-47,445	116,524	0	0	0	0	0	0
Deferred Taxes & Provisions	-4,128	-17,929	26,408	8,321	2,784	-366	-1,496	642	3,658	-177	-97	-203	-434	1,733
Cash flow from operations	33,089	-34,305	-57,742	130,044	95,669	-121,297	21,099	85,611	-12,398	93,478	-56,260	54,692	-31,772	55,192
Investing Activities
capital expenditure	-17,639	83,868	-182,920	-49,414	-47,813	-7,082	-580	-10,599	-20,911	-791	-1,032	-993	0	-11,000
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-17,639	83,868	-182,920	-49,414	-47,813	-7,082	-580	-10,599	-20,911	-791	-1,032	-993	0	-11,000
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	144	0	0	0	0	-2	2	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	-9,933	-10,000	41,667	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-19,912	-138,016	123,782	15,150	18,996	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-2,673	-2,466	-1,358	154	540	511	389	537	430	280	191	199	143	111
cash flow from financing	-32,374	-150,482	164,091	15,304	19,536	509	391	537	430	280	191	199	143	211
cash and cash equivalents
cash	-16,924	-99,252	-68,238	95,934	67,392	-127,870	20,910	75,549	-32,878	92,967	-57,101	53,897	-31,629	44,403
overdraft	0	1,667	8,333	0	0	0	0	0	0	0	0	0	0	0
change in cash	-16,924	-100,919	-76,571	95,934	67,392	-127,870	20,910	75,549	-32,878	92,967	-57,101	53,897	-31,629	44,403

P&L

March 2023

turnover

4.6m

+18%

operating profit

425.3k

gross margin

16.6%

+0.31%

turnover

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

Balance Sheet

March 2023

net assets

855.3k

+0.67%

total assets

1.6m

+0.28%

cash

17.2k

-0.5%

net assets

Total assets minus all liabilities

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company number

05646867

Type

Private limited with Share Capital

industry

42990 - Construction of other civil engineering projects n.e.c.

incorporation date

December 2005

age

accounts

Total Exemption Full

ultimate parent company

ARMCO DIRECT (HOLDINGS) LTD

previous names

N/A

incorporated

address

4 bank court weldon road, loughborough, leicestershire, LE11 5RF

last accounts submitted

March 2023

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 2 charges/mortgages relating to armco direct limited. Currently there are 0 open charges and 2 have been satisfied in the past.

armco direct limited Company Information

armco direct limited Estimated Valuation

armco direct limited Estimated Valuation

armco direct limited Estimated Valuation

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