Arkonik Limited

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arkonik limited Company Information

Live

EstablishedMidHealthy

Company Number

06393340

Next Accounts

Dec 2024

Industry

Wholesale trade of motor vehicle parts and accessories

Maintenance and repair of motor vehicles

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Directors

Andrew Hayes

Thomas Parry

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Shareholders

andrew malcolm hayes

Group Structure

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Contact

Registered Address

c/o francis clark llp, melville building east, plymouth, devon, PL1 3RP

Website

www.arkonik.com

arkonik limited Estimated Valuation

£3.3m

Pomanda estimates the enterprise value of ARKONIK LIMITED at £3.3m based on a Turnover of £10.8m and 0.31x industry multiple (adjusted for size and gross margin).

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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 £10.8m with healthy growth in recent years.

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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

Health Rating2.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £10.8m, make it smaller than the average company (£22.6m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.1%)

EXPORT

Arkonik Limited's latest turnover from March 2023 is estimated at £10.8 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	10,791,846	9,276,750	8,630,936	7,533,360	6,552,021	7,218,122	5,655,792	4,648,703	3,159,589	2,154,746	1,670,272	2,081,016	2,198,361	1,271,674
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,110,531	7,047,111	6,564,686	5,717,318	4,953,339	5,377,781	4,188,791	3,414,377	1,996,772	1,570,323	1,233,067	1,524,465	1,596,651	925,697
Gross Profit	2,681,315	2,229,639	2,066,250	1,816,042	1,598,683	1,840,342	1,467,001	1,234,326	1,162,817	584,423	437,205	556,552	601,710	345,977
Admin Expenses	3,692,216	2,046,306	2,623,213	518,976	2,345,321	890,241	1,329,906	1,020,675	1,095,402	763,274	553,701	663,832	380,342	123,426
Operating Profit	-1,010,901	183,333	-556,963	1,297,066	-746,638	950,101	137,095	213,651	67,415	-178,851	-116,496	-107,280	221,368	222,551
Interest Payable	139,908	106,413	50,325	149	928	1,727	4,430	7,652	12,194	9,411	0	0	0	0
Interest Receivable	22,715	5,911	486	208	2,812	2,208	387	123	1	4	223	1,030	978	63
Pre-Tax Profit	-1,128,094	82,831	-606,802	1,297,125	-744,754	950,581	133,053	206,121	55,222	-188,716	-116,273	-106,250	222,346	222,614
Tax	0	-15,738	0	-246,454	0	-180,610	-26,610	-41,224	0	0	0	0	-62,257	-62,332
Profit After Tax	-1,128,094	67,093	-606,802	1,050,671	-744,754	769,971	106,442	164,897	55,222	-188,716	-116,273	-106,250	160,089	160,282
Dividends Paid	0	0	0	0	0	0	0	0	0	75,000	0	0	0	0
Retained Profit	-1,128,094	67,093	-606,802	1,050,671	-744,754	769,971	106,442	164,897	55,222	-263,716	-116,273	-106,250	160,089	160,282
Employee Costs	2,399,251	2,187,014	2,093,664	1,882,709	1,680,856	1,512,747	1,265,258	948,837	811,539	509,367	268,011	337,113	362,035	229,715
Number Of Employees	75	70	70	62	56	52	44	34	17	12	10	13	14	9
EBITDA*	-89,883	1,070,482	162,507	1,891,523	-727,307	981,218	158,729	228,081	81,090	-166,989	-100,533	-87,481	237,732	233,610

* 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	-1,010,901	183,333	-556,963	1,297,066	-746,638	950,101	137,095	213,651	67,415	-178,851	-116,496	-107,280	221,368	222,551
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	-15,738	0	-246,454	0	-180,610	-26,610	-41,224	0	0	0	0	-62,257	-62,332
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	-266,578	2,024,217	-74,655	1,150,543	767,986	423,515	338,878	32,155	13,378	68,578	79,774	-213,093	160,558	-5,460
Investing Activities
capital expenditure	91,104	-1,681,561	-1,113,232	-1,037,263	-1,204,608	-24,347	-43,256	-16,675	-19,112	437	-4,456	-30,102	-32,278	-44,237
Change in Investments	1	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	91,103	-1,681,561	-1,113,232	-1,037,263	-1,204,608	-24,347	-43,256	-16,675	-19,112	437	-4,456	-30,102	-32,278	-44,237
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	0	0	0	0	0	0	0	0	0	98	0	1	0	1
interest	-117,193	-100,502	-49,839	59	1,884	481	-4,043	-7,529	-12,193	-9,407	223	1,030	978	63
cash flow from financing	-501,891	-172,659	1,623,130	5,976	4,807	-83,953	22,312	35,032	-47,429	-87,125	-77,594	-77,026	212,676	74,779
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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for arkonik limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in PL1 area or any other competitors across 12 key performance metrics.

ARKONIK LIMITED group structure

Arkonik Limited has no subsidiary companies.

Ultimate parent company

ARKONIK LIMITED

06393340

ARKONIK LIMITED Shareholders

andrew malcolm hayes

100%

Arkonik Limited currently has 3 directors. The longest serving directors include Mr Andrew Hayes (Oct 2007) and Mr Thomas Parry (Dec 2019).

officer	country	age	start	end	role
Mr Andrew Hayes	England	54 years	Oct 2007	-	Director
Mr Thomas Parry	United Kingdom	31 years	Dec 2019	-	Director
Mr Grant Spicer	United Kingdom	33 years	Dec 2019	-	Director

P&L

March 2023

turnover

10.8m

+16%

operating profit

-1m

gross margin

24.9%

+3.37%

turnover

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

Balance Sheet

March 2023

net assets

-431.1k

-1.62%

total assets

3.6m

-0.39%

cash

195.8k

-0.78%

net assets

Total assets minus all liabilities

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company number

06393340

Type

Private limited with Share Capital

industry

45111 - Sale of new cars and light motor vehicles

45310 - Wholesale trade of motor vehicle parts and accessories

45200 - Maintenance and repair of motor vehicles

incorporation date

October 2007

ultimate parent company

None

previous names

landrovers uk limited (March 2016)

address

c/o francis clark llp, melville building east, plymouth, devon, PL1 3RP

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 Company Information

arkonik limited Estimated Valuation

arkonik limited Estimated Valuation

arkonik limited Estimated Valuation

Arkonik Limited Overview

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ARKONIK LIMITED financials

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