eurowage limited

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eurowage limited Company Information

Share EUROWAGE LIMITED

Company Number

05653596

Directors

Michael Cox

Michael Cox

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Shareholders

fmp global bidco limited

Group Structure

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Industry

Bookkeeping activities

 

Registered Address

4th floor, heathrow approach, 470 london road, slough, SL3 8QY

eurowage limited Estimated Valuation

£15.5m

Pomanda estimates the enterprise value of EUROWAGE LIMITED at £15.5m based on a Turnover of £18.1m and 0.85x industry multiple (adjusted for size and gross margin).

eurowage limited Estimated Valuation

£29.9m

Pomanda estimates the enterprise value of EUROWAGE LIMITED at £29.9m based on an EBITDA of £7m and a 4.29x industry multiple (adjusted for size and gross margin).

eurowage limited Estimated Valuation

£53.1m

Pomanda estimates the enterprise value of EUROWAGE LIMITED at £53.1m based on Net Assets of £19.3m and 2.75x industry multiple (adjusted for liquidity).

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Eurowage Limited Overview

Eurowage Limited is a live company located in slough, SL3 8QY with a Companies House number of 05653596. It operates in the bookkeeping activities sector, SIC Code 69202. Founded in December 2005, it's largest shareholder is fmp global bidco limited with a 100% stake. Eurowage Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18.1m with healthy growth in recent years.

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Eurowage Limited Health Check

Pomanda's financial health check has awarded Eurowage Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 0 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

3 Regular

positive_score

0 Weak

size

Size

annual sales of £18.1m, make it larger than the average company (£79.9k)

£18.1m - Eurowage Limited

£79.9k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (6.1%)

15% - Eurowage Limited

6.1% - Industry AVG

production

Production

with a gross margin of 80.4%, this company has a comparable cost of product (68.1%)

80.4% - Eurowage Limited

68.1% - Industry AVG

profitability

Profitability

an operating margin of 38.5% make it more profitable than the average company (7.8%)

38.5% - Eurowage Limited

7.8% - Industry AVG

employees

Employees

with 2 employees, this is similar to the industry average (2)

2 - Eurowage Limited

2 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Eurowage Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £9m, this is more efficient (£52.4k)

£9m - Eurowage Limited

£52.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 61 days, this is near the average (61 days)

61 days - Eurowage Limited

61 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 16 days, this is slower than average (11 days)

16 days - Eurowage Limited

11 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Eurowage Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 39 weeks, this is more cash available to meet short term requirements (24 weeks)

39 weeks - Eurowage Limited

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 37.4%, this is a lower level of debt than the average (75.1%)

37.4% - Eurowage Limited

75.1% - Industry AVG

EUROWAGE LIMITED financials

EXPORTms excel logo

Eurowage Limited's latest turnover from April 2024 is £18.1 million and the company has net assets of £19.3 million. According to their latest financial statements, Eurowage Limited has 2 employees and maintains cash reserves of £8.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover18,097,00015,524,00013,721,00012,023,00015,970,0009,690,0007,354,0006,241,0004,851,0005,795,1323,903,7262,309,1201,545,382632,543
Other Income Or Grants
Cost Of Sales3,549,0004,679,0004,077,0003,622,0004,159,0002,766,0002,423,0002,089,0001,541,0001,521,5651,315,9271,182,1361,056,593375,805
Gross Profit14,548,00010,845,0009,644,0008,401,00011,811,0006,924,0004,931,0004,152,0003,310,0004,273,5672,587,7991,126,983488,789256,738
Admin Expenses7,589,0009,632,0005,702,0004,555,0004,190,0002,471,0002,328,0002,271,0001,827,0001,669,211880,331-30,082-135,080165,009-519,525
Operating Profit6,959,0001,213,0003,942,0003,846,0007,621,0004,453,0002,603,0001,881,0001,483,0002,604,3561,707,4681,157,065623,86991,729519,525
Interest Payable2,335,00014,0001,000
Interest Receivable1,623,0003,200,000921,0001,000536,00052,00020,00040,00059,00084,06574,23017,4197,9152,7221,300
Pre-Tax Profit8,582,0002,078,0004,863,0003,847,0008,143,0004,505,0002,623,0001,920,0001,542,0002,688,4211,781,6981,174,484631,78494,451520,825
Tax-10,000-20,000467,000-695,000-856,000-447,000-388,000-315,000-579,000-415,822-281,876-164,264-26,446-145,831
Profit After Tax8,572,0002,058,0005,330,0003,847,0007,448,0003,649,0002,176,0001,532,0001,227,0002,109,4211,365,876892,608467,52068,005374,994
Dividends Paid13,297,000413,276
Retained Profit8,572,0002,058,0005,330,000-9,450,0007,448,0003,649,0002,176,0001,532,0001,227,0001,696,1451,365,876892,608467,52068,005374,994
Employee Costs2,725,0001,710,0001,375,0001,381,0001,422,000994,406631,678438,715327,21799,593
Number Of Employees218641804438363126272418148
EBITDA*6,959,0001,213,0003,942,0003,846,0007,647,0004,475,0002,620,0001,893,0001,507,0002,608,5721,707,5291,157,146623,97791,873519,717

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets582,000101,00069,00067,00046,00061,210184245326434578
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets582,000101,00069,00067,00046,00061,210184245326434578
Stock & work in progress
Trade Debtors3,034,0003,335,0002,034,0001,371,000601,000675,000986,000844,000499,000887,535432,992500,905343,396154,010
Group Debtors18,191,00047,307,00036,004,00035,289,00021,240,0005,412,0002,426,0004,563,0002,900,018
Misc Debtors879,000708,000703,000350,0001,118,000752,000121,00069,000682,0001,233,944631,488
Cash8,720,0008,996,0001,788,0002,236,0001,304,0004,434,000774,000678,000769,000725,5783,003,8694,370,6312,597,088568,779520,052
misc current assets352,000
total current assets30,824,00060,346,00040,529,00039,246,00024,615,00011,273,0004,307,0001,591,0006,513,0005,747,0754,068,3494,871,5362,940,484722,789520,052
total assets30,824,00060,346,00040,529,00039,246,00025,197,00011,374,0004,376,0001,658,0006,559,0005,808,2854,068,5334,871,7812,940,810723,223520,630
Bank overdraft
Bank loan
Trade Creditors 156,00019,00037,00035,911,000362,000351,000383,000323,000114,000211,979174,3623,068,6532,030,290280,223145,635
Group/Directors Accounts4,153,0001,613,0001,413,000
other short term finances
hp & lease commitments53,000
other current liabilities11,383,00049,614,00031,837,00011,856,0001,590,000754,000470,000356,000730,447736,475
total current liabilities11,539,00049,633,00031,874,00035,911,00012,271,0006,094,0002,750,0002,206,000470,000942,426910,8373,068,6532,030,290280,223145,635
loans240,000
hp & lease commitments120,000
Accruals and Deferred Income
other liabilities10,00031,000
provisions31,00026,00028,0009,00012,000
total long term liabilities10,000151,00031,00026,00028,0009,00012,000
total liabilities11,539,00049,633,00031,874,00035,921,00012,422,0006,125,0002,776,0002,234,000479,000954,426910,8373,068,6532,030,290280,223145,635
net assets19,285,00010,713,0008,655,0003,325,00012,775,0005,249,0001,600,000-576,0006,080,0004,853,8593,157,6961,803,128910,520443,000374,995
total shareholders funds19,285,00010,713,0008,655,0003,325,00012,775,0005,249,0001,600,000-576,0006,080,0004,853,8593,157,6961,803,128910,520443,000374,995
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit6,959,0001,213,0003,942,0003,846,0007,621,0004,453,0002,603,0001,881,0001,483,0002,604,3561,707,4681,157,065623,86991,729519,525
Depreciation26,00022,00017,00012,00024,0004,2166181108144192
Amortisation
Tax-10,000-20,000467,000-695,000-856,000-447,000-388,000-315,000-579,000-415,822-281,876-164,264-26,446-145,831
Stock
Debtors-29,246,00012,609,0001,731,00014,051,00022,959,0003,306,0002,620,000-4,831,000722,5033,957,017563,575157,509189,386154,010
Creditors137,000-18,000-35,874,00035,549,000362,000-32,00060,000209,000-97,97937,617-2,894,2911,038,3631,750,067134,588145,635
Accruals and Deferred Income-38,231,00017,777,00031,837,000-11,856,00011,856,000836,000284,000114,000-374,447-6,028736,475
Deferred Taxes & Provisions5,000-2,00019,000-3,00012,000
Cash flow from operations-1,899,0006,343,000-1,359,00013,488,000-3,789,0001,122,000-105,0006,678,000-5,929-1,883,856-1,429,6841,756,1242,020,39446,005519,521
Investing Activities
capital expenditure582,000-608,000-54,000-19,000-33,000-8,790-65,242-770
Change in Investments
cash flow from investments582,000-608,000-54,000-19,000-33,000-8,790-65,242-770
Financing Activities
Bank loans
Group/Directors Accounts2,540,000200,0001,413,000
Other Short Term Loans
Long term loans-240,000240,000
Hire Purchase and Lease Commitments-173,000173,000
other long term liabilities-10,000-21,00031,000
share issue5,327,000-8,188,000-85918-11,3081
interest1,623,000865,000921,0001,000522,00052,00020,00039,00059,00084,06574,23017,4197,9152,7221,300
cash flow from financing1,623,000865,000911,000-433,0006,293,0002,592,000220,000-6,736,00058,14184,08362,92217,4197,9152,7221,301
cash and cash equivalents
cash-276,0007,208,000-448,000932,0001,304,0003,660,00096,000-91,00043,422-2,278,291-1,366,7621,773,5432,028,30948,727520,052
overdraft
change in cash-276,0007,208,000-448,000932,0001,304,0003,660,00096,000-91,00043,422-2,278,291-1,366,7621,773,5432,028,30948,727520,052

eurowage limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Eurowage Limited Competitor Analysis

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Perform a competitor analysis for eurowage limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in SL3 area or any other competitors across 12 key performance metrics.

eurowage limited Ownership

EUROWAGE LIMITED group structure

Eurowage Limited has no subsidiary companies.

Ultimate parent company

LUXTOPCO 1 SARL

#0150700

2 parents

EUROWAGE LIMITED

05653596

EUROWAGE LIMITED Shareholders

fmp global bidco limited 100%

eurowage limited directors

Eurowage Limited currently has 3 directors. The longest serving directors include Mr Michael Cox (Sep 2019) and Mr Michael Cox (Sep 2019).

officercountryagestartendrole
Mr Michael CoxUnited Kingdom42 years Sep 2019- Director
Mr Michael CoxUnited Kingdom42 years Sep 2019- Director
Mr David LockieUnited Kingdom51 years Nov 2020- Director

P&L

April 2024

turnover

18.1m

+17%

operating profit

7m

+474%

gross margin

80.4%

+15.07%

turnover

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

Balance Sheet

April 2024

net assets

19.3m

+0.8%

total assets

30.8m

-0.49%

cash

8.7m

-0.03%

net assets

Total assets minus all liabilities

eurowage limited company details

company number

05653596

Type

Private limited with Share Capital

industry

69202 - Bookkeeping activities

incorporation date

December 2005

age

20

incorporated

UK

ultimate parent company

LUXTOPCO 1 SARL

accounts

Audit Exemption Subsidiary

last accounts submitted

April 2024

previous names

N/A

accountant

-

auditor

-

address

4th floor, heathrow approach, 470 london road, slough, SL3 8QY

Bank

-

Legal Advisor

-

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

eurowage 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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eurowage limited Companies House Filings - See Documents

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