arkonik limited Company Information
Company Number
06393340
Website
www.arkonik.comRegistered Address
c/o francis clark llp, melville building east, plymouth, devon, PL1 3RP
Industry
Sale of new cars and light motor vehicles
Maintenance and repair of motor vehicles
Telephone
01373812011
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
andrew malcolm hayes 100%
arkonik limited Estimated Valuation
Pomanda estimates the enterprise value of ARKONIK LIMITED at £3.1m based on a Turnover of £10.7m and 0.29x industry multiple (adjusted for size and gross margin).
arkonik limited Estimated Valuation
Pomanda estimates the enterprise value of ARKONIK LIMITED at £0 based on an EBITDA of £-89.9k and a 4x industry multiple (adjusted for size and gross margin).
arkonik limited Estimated Valuation
Pomanda estimates the enterprise value of ARKONIK LIMITED at £0 based on Net Assets of £-431.1k and 2.74x industry multiple (adjusted for liquidity).
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Arkonik Limited Overview
Arkonik Limited is a live company located in plymouth, PL1 3RP with a Companies House number of 06393340. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in October 2007, it's largest shareholder is andrew malcolm hayes with a 100% stake. Arkonik Limited is a established, mid sized company, Pomanda has estimated its turnover at £10.7m with healthy growth in recent years.
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Arkonik Limited Health Check
Pomanda's financial health check has awarded Arkonik Limited a 2.5 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
4 Strong
2 Regular
5 Weak
Size
annual sales of £10.7m, make it smaller than the average company (£22.7m)
- Arkonik Limited
£22.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.1%)
- Arkonik Limited
5.1% - Industry AVG
Production
with a gross margin of 24.6%, this company has a comparable cost of product (24.6%)
- Arkonik Limited
24.6% - Industry AVG
Profitability
an operating margin of -9.5% make it less profitable than the average company (4.4%)
- Arkonik Limited
4.4% - Industry AVG
Employees
with 75 employees, this is above the industry average (50)
75 - Arkonik Limited
50 - Industry AVG
Pay Structure
on an average salary of £31.9k, the company has an equivalent pay structure (£31.9k)
- Arkonik Limited
£31.9k - Industry AVG
Efficiency
resulting in sales per employee of £142.5k, this is less efficient (£323.3k)
- Arkonik Limited
£323.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Arkonik Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is slower than average (38 days)
- Arkonik Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is less than average (61 days)
- Arkonik Limited
61 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (9 weeks)
3 weeks - Arkonik Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 112.1%, this is a higher level of debt than the average (60.7%)
112.1% - Arkonik Limited
60.7% - Industry AVG
arkonik limited Credit Report and Business Information
Arkonik Limited Competitor Analysis
Perform a competitor analysis for arkonik limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
arkonik limited Ownership
ARKONIK LIMITED group structure
Arkonik Limited has no subsidiary companies.
Ultimate parent company
ARKONIK LIMITED
06393340
arkonik limited directors
Arkonik Limited currently has 3 directors. The longest serving directors include Mr Andrew Hayes (Oct 2007) and Mr Grant Spicer (Dec 2019).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Andrew Hayes | United Kingdom | 54 years | Oct 2007 | - | Director |
Mr Grant Spicer | United Kingdom | 33 years | Dec 2019 | - | Director |
Mr Thomas Parry | United Kingdom | 31 years | Dec 2019 | - | Director |
ARKONIK LIMITED financials
Arkonik Limited's latest turnover from March 2023 is estimated at £10.7 million and the company has net assets of -£431.1 thousand. According to their latest financial statements, Arkonik Limited has 75 employees and maintains cash reserves of £195.8 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 | 3,159,589 | 2,154,746 | ||||||||||||
Other Income Or Grants | 0 | 0 | ||||||||||||
Cost Of Sales | 1,996,772 | 1,570,323 | ||||||||||||
Gross Profit | 1,162,817 | 584,423 | ||||||||||||
Admin Expenses | 1,095,402 | 763,274 | ||||||||||||
Operating Profit | 67,415 | -178,851 | ||||||||||||
Interest Payable | 12,194 | 9,411 | ||||||||||||
Interest Receivable | 1 | 4 | ||||||||||||
Pre-Tax Profit | 55,222 | -188,716 | ||||||||||||
Tax | 0 | 0 | ||||||||||||
Profit After Tax | 55,222 | -188,716 | ||||||||||||
Dividends Paid | 0 | 75,000 | ||||||||||||
Retained Profit | 55,222 | -263,716 | ||||||||||||
Employee Costs | 811,539 | 509,367 | ||||||||||||
Number Of Employees | 75 | 70 | 70 | 62 | 56 | 52 | 44 | 34 | ||||||
EBITDA* | 81,090 | -166,989 |
* 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 | 387,380 | 607,620 | 229,792 | 104,751 | 57,996 | 58,123 | 64,893 | 43,271 | 41,026 | 35,589 | 47,888 | 59,395 | 49,092 | 33,178 |
Intangible Assets | 1,474,878 | 2,266,760 | 1,850,176 | 1,581,455 | 1,185,404 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 1 | 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 | 1,862,259 | 2,874,380 | 2,079,968 | 1,686,206 | 1,243,400 | 58,123 | 64,893 | 43,271 | 41,026 | 35,589 | 47,888 | 59,395 | 49,092 | 33,178 |
Stock & work in progress | 309,005 | 1,246,396 | 1,290,733 | 882,323 | 492,104 | 772,070 | 519,477 | 314,089 | 210,484 | 616,378 | 418,521 | 599,208 | 547,685 | 227,567 |
Trade Debtors | 0 | 85,929 | 230,781 | 235,147 | 319,293 | 738,697 | 535,403 | 512,383 | 258,767 | 0 | 21,344 | 7,413 | 9,863 | 104,266 |
Group Debtors | 646 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 1,186,832 | 714,936 | 980,010 | 788,475 | 467,215 | 0 | 41,499 | 46,203 | 60,721 | 57,471 | 0 | 0 | 0 | 0 |
Cash | 195,784 | 873,150 | 703,153 | 267,910 | 148,654 | 601,091 | 281,922 | 27,971 | 21,049 | 27,790 | 43,541 | 45,817 | 366,038 | 25,082 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,692,267 | 2,920,411 | 3,204,677 | 2,173,855 | 1,427,266 | 2,111,858 | 1,378,301 | 900,646 | 551,021 | 701,639 | 483,406 | 652,438 | 923,586 | 356,915 |
total assets | 3,554,526 | 5,794,791 | 5,284,645 | 3,860,061 | 2,670,666 | 2,169,981 | 1,443,194 | 943,917 | 592,047 | 737,228 | 531,294 | 711,833 | 972,678 | 390,093 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 20,622 | 16,667 | 80,650 | 124,239 | 77,817 | 0 | 0 | 0 | 0 |
Bank loan | 368,077 | 368,077 | 92,019 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 969,465 | 768,621 | 848,769 | 609,195 | 593,045 | 457,090 | 304,703 | 386,729 | 244,013 | 216,578 | 302,905 | 289,354 | 365,893 | 155,095 |
Group/Directors Accounts | 0 | 108,640 | 33,778 | 9,477 | 0 | 0 | 61,431 | 15,085 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 3,810 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 1,332 | 0 | 0 | 4,165 | 4,165 | 4,165 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 1,763,401 | 2,151,228 | 1,779,542 | 1,996,315 | 1,878,557 | 752,282 | 864,413 | 362,139 | 316,854 | 555,878 | 0 | 0 | 0 | 0 |
total current liabilities | 3,100,943 | 3,396,566 | 2,754,108 | 2,616,319 | 2,475,412 | 1,229,994 | 1,251,379 | 848,768 | 689,271 | 850,273 | 302,905 | 289,354 | 365,893 | 155,095 |
loans | 858,846 | 1,134,904 | 1,557,981 | 0 | 1,082 | 1,969 | 13,889 | 30,556 | 0 | 52,723 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 6,918 | 10,242 | 13,322 | 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 | 130,539 | 208,356 | 286,413 | 74,715 |
provisions | 25,859 | 566,349 | 342,677 | 7,061 | 8,162 | 7,254 | 10,215 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 884,705 | 1,701,253 | 1,900,658 | 7,061 | 9,244 | 9,223 | 31,022 | 40,798 | 13,322 | 52,723 | 130,539 | 208,356 | 286,413 | 74,715 |
total liabilities | 3,985,648 | 5,097,819 | 4,654,766 | 2,623,380 | 2,484,656 | 1,239,217 | 1,282,401 | 889,566 | 702,593 | 902,996 | 433,444 | 497,710 | 652,306 | 229,810 |
net assets | -431,122 | 696,972 | 629,879 | 1,236,681 | 186,010 | 930,764 | 160,793 | 54,351 | -110,546 | -165,768 | 97,850 | 214,123 | 320,372 | 160,283 |
total shareholders funds | -431,122 | 696,972 | 629,879 | 1,236,681 | 186,010 | 930,764 | 160,793 | 54,351 | -110,546 | -165,768 | 97,850 | 214,123 | 320,372 | 160,283 |
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 | 67,415 | -178,851 | ||||||||||||
Depreciation | 129,136 | 76,981 | 41,610 | 34,920 | 19,331 | 31,117 | 21,634 | 14,430 | 13,675 | 11,862 | 15,963 | 19,799 | 16,364 | 11,059 |
Amortisation | 791,882 | 810,168 | 677,860 | 559,537 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 0 | 0 | ||||||||||||
Stock | -937,391 | -44,337 | 408,410 | 390,219 | -279,966 | 252,593 | 205,388 | 103,605 | -405,894 | 197,857 | -180,687 | 51,523 | 320,118 | 227,567 |
Debtors | 386,613 | -409,926 | 187,169 | 237,114 | 47,811 | 161,795 | 18,316 | 239,098 | 262,017 | 36,127 | 13,931 | -2,450 | -94,403 | 104,266 |
Creditors | 200,844 | -80,148 | 239,574 | 16,150 | 135,955 | 152,387 | -82,026 | 142,716 | 27,435 | -86,327 | 13,551 | -76,539 | 210,798 | 155,095 |
Accruals and Deferred Income | -387,827 | 371,686 | -216,773 | 117,758 | 1,126,275 | -112,131 | 502,274 | 45,285 | -239,024 | 555,878 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | -540,490 | 223,672 | 335,616 | -1,101 | 908 | -2,961 | 10,215 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | 13,378 | 68,578 | ||||||||||||
Investing Activities | ||||||||||||||
capital expenditure | ||||||||||||||
Change in Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | ||||||||||||||
Financing Activities | ||||||||||||||
Bank loans | 0 | 276,058 | 92,019 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -108,640 | 74,862 | 24,301 | 9,477 | 0 | -61,431 | 46,346 | 15,085 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | -3,810 | 3,810 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -276,058 | -423,077 | 1,557,981 | -1,082 | -887 | -11,920 | -16,667 | 30,556 | -52,723 | 52,723 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | -1,332 | 1,332 | 0 | -11,083 | -3,324 | -3,080 | 17,487 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -130,539 | -77,817 | -78,057 | 211,698 | 74,715 |
share issue | ||||||||||||||
interest | -12,193 | -9,407 | ||||||||||||
cash flow from financing | -47,429 | -87,125 | ||||||||||||
cash and cash equivalents | ||||||||||||||
cash | -677,366 | 169,997 | 435,243 | 119,256 | -452,437 | 319,169 | 253,951 | 6,922 | -6,741 | -15,751 | -2,276 | -320,221 | 340,956 | 25,082 |
overdraft | 0 | 0 | 0 | 0 | -20,622 | 3,955 | -63,983 | -43,589 | 46,422 | 77,817 | 0 | 0 | 0 | 0 |
change in cash | -677,366 | 169,997 | 435,243 | 119,256 | -431,815 | 315,214 | 317,934 | 50,511 | -53,163 | -93,568 | -2,276 | -320,221 | 340,956 | 25,082 |
P&L
March 2023turnover
10.7m
+17%
operating profit
-1m
0%
gross margin
24.6%
+1.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-431.1k
-1.62%
total assets
3.6m
-0.39%
cash
195.8k
-0.78%
net assets
Total assets minus all liabilities
arkonik limited company details
company number
06393340
Type
Private limited with Share Capital
industry
45310 - Wholesale trade of motor vehicle parts and accessories
45111 - Sale of new cars and light motor vehicles
45200 - Maintenance and repair of motor vehicles
incorporation date
October 2007
age
17
accounts
Total Exemption Full
ultimate parent company
previous names
landrovers uk limited (March 2016)
incorporated
UK
address
c/o francis clark llp, melville building east, plymouth, devon, PL1 3RP
last accounts submitted
March 2023
arkonik 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 4 charges/mortgages relating to arkonik limited. Currently there are 1 open charges and 3 have been satisfied in the past.
arkonik limited Companies House Filings - See Documents
date | description | view/download |
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