areco limited
areco limited Company Information
Company Number
06057526
Next Accounts
Jan 2026
Shareholders
watts clift holdings ltd
Group Structure
View All
Industry
Non-specialised wholesale trade
Registered Address
watts clift holdings limited, westgate, aldridge, walsall, west midlands, WS9 8DJ
Website
www.areco.co.ukareco limited Estimated Valuation
Pomanda estimates the enterprise value of ARECO LIMITED at £1.7m based on a Turnover of £4.5m and 0.38x industry multiple (adjusted for size and gross margin).
areco limited Estimated Valuation
Pomanda estimates the enterprise value of ARECO LIMITED at £1.9m based on an EBITDA of £439k and a 4.41x industry multiple (adjusted for size and gross margin).
areco limited Estimated Valuation
Pomanda estimates the enterprise value of ARECO LIMITED at £5.4m based on Net Assets of £1.9m and 2.77x industry multiple (adjusted for liquidity).
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Areco Limited Overview
Areco Limited is a live company located in aldridge, walsall, WS9 8DJ with a Companies House number of 06057526. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in January 2007, it's largest shareholder is watts clift holdings ltd with a 100% stake. Areco Limited is a established, small sized company, Pomanda has estimated its turnover at £4.5m with high growth in recent years.
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Areco Limited Health Check
Pomanda's financial health check has awarded Areco Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £4.5m, make it smaller than the average company (£15.7m)
- Areco Limited
£15.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8%)
- Areco Limited
8% - Industry AVG
Production
with a gross margin of 27.7%, this company has a comparable cost of product (27.7%)
- Areco Limited
27.7% - Industry AVG
Profitability
an operating margin of 9.4% make it more profitable than the average company (5%)
- Areco Limited
5% - Industry AVG
Employees
with 10 employees, this is below the industry average (39)
10 - Areco Limited
39 - Industry AVG
Pay Structure
on an average salary of £44.2k, the company has an equivalent pay structure (£44.2k)
- Areco Limited
£44.2k - Industry AVG
Efficiency
resulting in sales per employee of £450.8k, this is more efficient (£372.8k)
- Areco Limited
£372.8k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is near the average (50 days)
- Areco Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 92 days, this is slower than average (32 days)
- Areco Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 78 days, this is in line with average (73 days)
- Areco Limited
73 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 23 weeks, this is more cash available to meet short term requirements (16 weeks)
23 weeks - Areco Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.4%, this is a lower level of debt than the average (45.1%)
34.4% - Areco Limited
45.1% - Industry AVG
ARECO LIMITED financials
Areco Limited's latest turnover from April 2024 is estimated at £4.5 million and the company has net assets of £1.9 million. According to their latest financial statements, Areco Limited has 10 employees and maintains cash reserves of £449.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 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 | 10 | 9 | 9 | 9 | 10 | 11 | 10 | 7 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,061,139 | 1,014,595 | 1,020,079 | 842,902 | 862,881 | 877,252 | 881,277 | 883,640 | 849,713 | 838,317 | 860,323 | 872,529 | 886,377 | 895,753 | 887,482 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 1,000 | ||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,062,139 | 1,014,595 | 1,020,079 | 842,902 | 862,881 | 877,252 | 881,277 | 883,640 | 849,713 | 838,317 | 860,323 | 872,529 | 886,377 | 895,753 | 887,482 |
| Stock & work in progress | 702,855 | 513,316 | 310,681 | 377,625 | 369,944 | 290,677 | 334,049 | 267,326 | 241,955 | 267,082 | 206,026 | 220,916 | 190,121 | 195,779 | 171,422 |
| Trade Debtors | 652,973 | 444,771 | 420,684 | 415,818 | 319,961 | 369,439 | 437,854 | 377,360 | 342,069 | 495,810 | 450,841 | 345,144 | 297,275 | 296,722 | 227,485 |
| Group Debtors | 200,000 | 1,779 | 3,561 | ||||||||||||
| Misc Debtors | 99,701 | 125,175 | 147,442 | 33,059 | 16,818 | 32,583 | 37,346 | 31,405 | 63,308 | ||||||
| Cash | 449,328 | 271,321 | 142,917 | 70,583 | 60,778 | 70,867 | 112 | 91 | 135 | 207 | 210 | 210 | 99 | 63 | 155 |
| misc current assets | |||||||||||||||
| total current assets | 1,904,857 | 1,354,583 | 1,021,724 | 897,085 | 967,501 | 765,345 | 809,361 | 676,182 | 651,028 | 763,099 | 657,077 | 566,270 | 487,495 | 492,564 | 399,062 |
| total assets | 2,966,996 | 2,369,178 | 2,041,803 | 1,739,987 | 1,830,382 | 1,642,597 | 1,690,638 | 1,559,822 | 1,500,741 | 1,601,416 | 1,517,400 | 1,438,799 | 1,373,872 | 1,388,317 | 1,286,544 |
| Bank overdraft | 23,604 | 22,164 | 73,169 | 104,932 | 204,835 | 507,079 | |||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 826,805 | 604,119 | 455,615 | 537,384 | 480,227 | 390,285 | 450,114 | 381,617 | 233,465 | 661,046 | 1,207,366 | 1,177,692 | 1,134,858 | 1,131,641 | 325,935 |
| Group/Directors Accounts | 16,410 | 32,167 | 27,843 | 24,198 | 46,878 | 29,760 | 28,096 | 39,119 | 47,587 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 165,150 | 118,328 | 145,245 | 119,157 | 31,628 | 46,722 | 119,285 | 55,605 | 53,407 | ||||||
| total current liabilities | 1,008,365 | 754,614 | 628,703 | 680,739 | 582,337 | 488,931 | 670,664 | 581,273 | 539,294 | 661,046 | 1,207,366 | 1,177,692 | 1,134,858 | 1,131,641 | 833,014 |
| loans | 393,227 | 413,449 | 438,035 | 461,026 | 483,263 | ||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 525,000 | 1,820 | 63,266 | 120,043 | 171,028 | 384,167 | |||||||||
| provisions | 12,052 | 344 | 2,581 | 1,482 | 1,082 | 465 | |||||||||
| total long term liabilities | 12,052 | 344 | 395,808 | 413,449 | 438,035 | 461,026 | 483,263 | 525,000 | 1,820 | 63,266 | 121,525 | 172,110 | 384,632 | ||
| total liabilities | 1,020,417 | 754,614 | 628,703 | 681,083 | 978,145 | 902,380 | 1,108,699 | 1,042,299 | 1,022,557 | 1,186,046 | 1,209,186 | 1,240,958 | 1,256,383 | 1,303,751 | 1,217,646 |
| net assets | 1,946,579 | 1,614,564 | 1,413,100 | 1,058,904 | 852,237 | 740,217 | 581,939 | 517,523 | 478,184 | 415,370 | 308,214 | 197,841 | 117,489 | 84,566 | 68,898 |
| total shareholders funds | 1,946,579 | 1,614,564 | 1,413,100 | 1,058,904 | 852,237 | 740,217 | 581,939 | 517,523 | 478,184 | 415,370 | 308,214 | 197,841 | 117,489 | 84,566 | 68,898 |
| Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 15,272 | 12,703 | 19,539 | 20,381 | 23,635 | 21,906 | 21,220 | 18,697 | 20,172 | 22,689 | 23,133 | 22,583 | 24,915 | 25,427 | 24,102 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | 189,539 | 202,635 | -66,944 | 7,681 | 79,267 | -43,372 | 66,723 | 25,371 | -25,127 | 61,056 | -14,890 | 30,795 | -5,658 | 24,357 | 171,422 |
| Debtors | 182,728 | 1,820 | 119,249 | -87,902 | 132,978 | -71,399 | 66,435 | -173 | -86,872 | 44,969 | 105,697 | 47,869 | 553 | 69,237 | 227,485 |
| Creditors | 222,686 | 148,504 | -81,769 | 57,157 | 89,942 | -59,829 | 68,497 | 148,152 | -427,581 | -546,320 | 29,674 | 42,834 | 3,217 | 805,706 | 325,935 |
| Accruals and Deferred Income | 46,822 | -26,917 | 26,088 | 87,529 | -15,094 | -72,563 | 63,680 | 2,198 | 53,407 | ||||||
| Deferred Taxes & Provisions | 12,052 | -344 | -2,237 | 2,581 | -1,482 | 400 | 617 | 465 | |||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 1,000 | ||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -15,757 | 4,324 | 3,645 | -22,680 | 17,118 | 1,664 | -11,023 | -8,468 | 47,587 | ||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -393,227 | -20,222 | -24,586 | -22,991 | -22,237 | 483,263 | |||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -525,000 | 523,180 | -61,446 | -56,777 | -50,985 | -213,139 | 384,167 | ||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 178,007 | 128,404 | 72,334 | 9,805 | -10,089 | 70,755 | 21 | -44 | -72 | -3 | 111 | 36 | -92 | 155 | |
| overdraft | -23,604 | 1,440 | -51,005 | -31,763 | -99,903 | 204,835 | -507,079 | 507,079 | |||||||
| change in cash | 178,007 | 128,404 | 72,334 | 33,409 | -11,529 | 121,760 | 31,784 | 99,859 | -204,907 | -3 | 111 | 36 | 506,987 | -506,924 |
areco limited Credit Report and Business Information
Areco Limited Competitor Analysis
Perform a competitor analysis for areco limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in WS9 area or any other competitors across 12 key performance metrics.
areco limited Ownership
ARECO LIMITED group structure
Areco Limited has 1 subsidiary company.
Ultimate parent company
2 parents
ARECO LIMITED
06057526
1 subsidiary
areco limited directors
Areco Limited currently has 5 directors. The longest serving directors include Mr Richard Davies (May 2007) and Miss Helena Toomer (Sep 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Davies | 60 years | May 2007 | - | Director | |
| Miss Helena Toomer | 42 years | Sep 2023 | - | Director | |
| Mr Paul Burns | 52 years | Oct 2023 | - | Director | |
| Mr Alexander Weeds | 47 years | Jun 2024 | - | Director | |
| Mr Gordon McLean | 58 years | Jun 2024 | - | Director |
P&L
April 2024turnover
4.5m
+40%
operating profit
423.8k
0%
gross margin
27.7%
+0.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
1.9m
+0.21%
total assets
3m
+0.25%
cash
449.3k
+0.66%
net assets
Total assets minus all liabilities
areco limited company details
company number
06057526
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
incorporation date
January 2007
age
18
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
April 2024
previous names
N/A
accountant
-
auditor
HAINES WATTS
address
watts clift holdings limited, westgate, aldridge, walsall, west midlands, WS9 8DJ
Bank
-
Legal Advisor
-
areco 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 5 charges/mortgages relating to areco limited. Currently there are 3 open charges and 2 have been satisfied in the past.
areco 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.
Click to start generating capital raising & share issue transactions for ARECO LIMITED. This can take several minutes, an email will notify you when this has completed.
areco limited Companies House Filings - See Documents
| date | description | view/download |
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