Almerico Limited

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almerico limited Company Information

Live

EstablishedSmallDeclining

Company Number

05954285

Next Accounts

Jul 2025

Industry

Other building completion and finishing

Directors

Guy Neilson

Mark Larsen

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Shareholders

guy neilson

mark larsen

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Group Structure

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Contact

Registered Address

unit 6 upton street, hull, HU8 7DA

Website

http://almerico.ltd.uk

almerico limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of ALMERICO LIMITED at £1.2m based on Net Assets of £509k and 2.39x industry multiple (adjusted for liquidity).

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Almerico Limited is a live company located in hull, HU8 7DA with a Companies House number of 05954285. It operates in the other building completion and finishing sector, SIC Code 43390. Founded in October 2006, it's largest shareholder is guy neilson with a 75.7% stake. Almerico Limited is a established, small sized company, Pomanda has estimated its turnover at £2.7m with declining growth in recent years.

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Pomanda's financial health check has awarded Almerico Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £2.7m, make it larger than the average company (£315.6k)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (8.6%)

EXPORT

Almerico Limited's latest turnover from October 2023 is estimated at £2.7 million and the company has net assets of £509 thousand. According to their latest financial statements, Almerico Limited has 29 employees and maintains cash reserves of £75.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	2,689,437	2,138,011	2,207,484	2,868,118	2,256,219	2,462,409	2,504,642	1,443,007	2,169,722	1,735,265	1,954,287	1,739,669	1,616,088	2,161,185	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,013,329	1,614,393	1,614,532	1,971,501	1,586,249	1,701,609	1,685,428	995,363	1,479,114	1,165,883	1,378,888	1,220,639	1,122,994	1,536,020	0
Gross Profit	676,108	523,618	592,952	896,617	669,971	760,800	819,214	447,644	690,608	569,382	575,399	519,030	493,094	625,165	0
Admin Expenses	608,153	508,198	575,020	877,017	597,104	686,355	730,354	705,578	444,008	409,622	504,987	545,181	432,626	605,771	-127,758
Operating Profit	67,955	15,420	17,932	19,600	72,867	74,445	88,860	-257,934	246,600	159,760	70,412	-26,151	60,468	19,394	127,758
Interest Payable	6,625	9,212	5,846	4,067	4,781	4,219	2,083	0	0	0	0	0	0	0	0
Interest Receivable	3,710	2,407	128	128	852	749	266	338	549	116	195	402	317	496	400
Pre-Tax Profit	65,040	8,615	12,214	15,662	68,938	70,975	87,042	-257,596	247,149	159,876	70,606	-25,749	60,785	19,890	128,158
Tax	-16,260	-1,637	-2,321	-2,976	-13,098	-13,485	-16,538	0	-49,430	-33,574	-16,239	0	-15,804	-5,569	-35,884
Profit After Tax	48,780	6,978	9,893	12,686	55,840	57,490	70,504	-257,596	197,719	126,302	54,367	-25,749	44,981	14,321	92,274
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	48,780	6,978	9,893	12,686	55,840	57,490	70,504	-257,596	197,719	126,302	54,367	-25,749	44,981	14,321	92,274
Employee Costs	880,923	971,500	1,019,622	1,132,261	651,397	920,532	928,113	297,050	377,505	304,644	316,547	284,217	287,014	398,617	0
Number Of Employees	29	29	32	35	20	27	28	8	10	8	9	9	9	13	0
EBITDA*	120,840	68,484	69,374	64,760	107,703	116,158	123,712	-221,697	273,732	175,425	87,107	-8,055	94,911	50,818	157,525

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	309,260	329,035	379,987	410,536	369,842	266,971	251,523	277,069	290,008	207,691	119,393	83,352	101,786	85,467	103,373
Intangible Assets	0	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	281,495	129,268
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	309,260	329,035	379,987	410,536	369,842	266,971	251,523	277,069	290,008	207,691	119,393	83,352	101,786	366,962	232,641
Stock & work in progress	178,627	184,633	237,462	298,662	301,162	231,162	129,139	54,035	105,652	105,636	49,986	73,332	44,898	71,822	45,005
Trade Debtors	359,271	249,612	280,252	353,376	204,634	251,475	298,029	227,467	309,523	242,734	257,094	183,407	189,269	113,651	259,756
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	41,169	102,799	73,570	1,236	1,720	833	2,075	0	0	0	0	0	0	0	0
Cash	75,166	66,156	147,799	107,385	148,688	78,578	121,053	91,576	178,590	40,982	5,434	72,388	88,342	38,328	159,990
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	654,233	603,200	739,083	760,659	656,204	562,048	550,296	373,078	593,765	389,352	312,514	329,127	322,509	223,801	464,751
total assets	963,493	932,235	1,119,070	1,171,195	1,026,046	829,019	801,819	650,147	883,773	597,043	431,907	412,479	424,295	590,763	697,392
Bank overdraft	20,280	55,833	60,000	0	83,333	58,333	66,667	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	222,818	185,124	212,513	217,890	247,924	190,002	207,959	123,842	256,601	230,563	219,697	272,044	241,274	483,919	592,518
Group/Directors Accounts	0	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	0
hp & lease commitments	32,277	66,611	74,840	77,508	70,986	29,807	26,895	59,564	0	0	0	0	0	0	0
other current liabilities	145,262	113,294	144,878	240,046	87,791	98,218	124,655	94,311	0	0	0	0	0	0	0
total current liabilities	420,637	420,862	492,231	535,444	490,034	376,360	426,176	277,717	256,601	230,563	219,697	272,044	241,274	483,919	592,518
loans	15,833	25,833	81,667	50,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	18,009	25,306	91,916	142,388	105,335	27,822	8,296	36,587	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	0
other liabilities	0	0	0	0	0	50,000	50,000	89,000	122,757	59,784	31,816	14,508	31,345	149	12,500
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	33,842	51,139	173,583	192,388	105,335	77,822	58,296	125,587	122,757	59,784	31,816	14,508	31,345	149	12,500
total liabilities	454,479	472,001	665,814	727,832	595,369	454,182	484,472	403,304	379,358	290,347	251,513	286,552	272,619	484,068	605,018
net assets	509,014	460,234	453,256	443,363	430,677	374,837	317,347	246,843	504,415	306,696	180,394	125,927	151,676	106,695	92,374
total shareholders funds	509,014	460,234	453,256	443,363	430,677	374,837	317,347	246,843	504,415	306,696	180,394	125,927	151,676	106,695	92,374

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	67,955	15,420	17,932	19,600	72,867	74,445	88,860	-257,934	246,600	159,760	70,412	-26,151	60,468	19,394	127,758
Depreciation	52,885	53,064	51,442	45,160	34,836	41,713	34,852	36,237	27,132	15,665	16,695	18,096	34,443	31,424	29,767
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-16,260	-1,637	-2,321	-2,976	-13,098	-13,485	-16,538	0	-49,430	-33,574	-16,239	0	-15,804	-5,569	-35,884
Stock	-6,006	-52,829	-61,200	-2,500	70,000	102,023	75,104	-51,617	16	55,650	-23,346	28,434	-26,924	26,817	45,005
Debtors	48,029	-1,411	-790	148,258	-45,954	-47,796	72,637	-82,056	66,789	-14,360	73,687	-5,862	75,618	-146,105	259,756
Creditors	37,694	-27,389	-5,377	-30,034	57,922	-17,957	84,117	-132,759	26,038	10,866	-52,347	30,770	-242,645	-108,599	592,518
Accruals and Deferred Income	31,968	-31,584	-95,168	152,255	-10,427	-26,437	30,344	94,311	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	132,219	62,114	28,498	38,247	118,054	4,052	73,894	-126,472	183,535	111,427	-31,820	143	-212,232	55,938	409,398
Investing Activities
capital expenditure	-33,110	-2,112	-20,893	-85,854	-137,707	-57,161	-9,306	-23,298	-109,449	-103,963	-52,736	338	-50,762	-13,518	-133,140
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	-281,495	152,227	129,268
cash flow from investments	-33,110	-2,112	-20,893	-85,854	-137,707	-57,161	-9,306	-23,298	-109,449	-103,963	-52,736	338	230,733	-165,745	-262,408
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-10,000	-55,834	31,667	50,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-41,631	-74,839	-53,140	43,575	118,692	22,438	-60,960	96,151	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-50,000	0	-39,000	-33,757	62,973	27,968	17,308	-16,837	31,196	-12,351	12,500
share issue	0	0	0	0	0	0	0	24	0	0	100	0	0	0	100
interest	-2,915	-6,805	-5,718	-3,939	-3,929	-3,470	-1,817	338	549	116	195	402	317	496	400
cash flow from financing	-54,546	-137,478	-27,191	89,636	64,763	18,968	-101,777	62,756	63,522	28,084	17,603	-16,435	31,513	-11,855	13,000
cash and cash equivalents
cash	9,010	-81,643	40,414	-41,303	70,110	-42,475	29,477	-87,014	137,608	35,548	-66,954	-15,954	50,014	-121,662	159,990
overdraft	-35,553	-4,167	60,000	-83,333	25,000	-8,334	66,667	0	0	0	0	0	0	0	0
change in cash	44,563	-77,476	-19,586	42,030	45,110	-34,141	-37,190	-87,014	137,608	35,548	-66,954	-15,954	50,014	-121,662	159,990

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ALMERICO LIMITED group structure

Almerico Limited has no subsidiary companies.

Ultimate parent company

ALMERICO LIMITED

05954285

ALMERICO LIMITED Shareholders

guy neilson	75.68%
mark larsen	23.42%
jude larsen	0.9%

Almerico Limited currently has 3 directors. The longest serving directors include Mr Guy Neilson (Oct 2006) and Mr Mark Larsen (Apr 2016).

officer	age	start	end	role
Mr Guy Neilson	55 years	Oct 2006	-	Director
Mr Mark Larsen	54 years	Apr 2016	-	Director
Mrs Jude Larsen	50 years	Sep 2024	-	Director

P&L

October 2023

turnover

2.7m

+26%

operating profit

68k

gross margin

25.2%

+2.65%

turnover

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

Balance Sheet

October 2023

net assets

509k

+0.11%

total assets

963.5k

+0.03%

cash

75.2k

+0.14%

net assets

Total assets minus all liabilities

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company number

05954285

Type

Private limited with Share Capital

industry

43390 - Other building completion and finishing

incorporation date

October 2006

ultimate parent company

None

previous names

N/A

address

unit 6 upton street, hull, HU8 7DA

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 almerico limited. Currently there are 0 open charges and 2 have been satisfied in the past.

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almerico limited Company Information

almerico limited Estimated Valuation

almerico limited Estimated Valuation

almerico limited Estimated Valuation

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