Blutex Office Express Limited

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blutex office express limited Company Information

Live

EstablishedSmallDeclining

Company Number

06412840

Website

www.blutex.co.uk

Registered Address

unit d, sterling industrial, estate, rainham road, south dagenham, essex, RM10 8TX

Industry

Retail sale of newspapers and stationery in specialised stores

Telephone

02085268181

Next Accounts Due

December 2024

Group Structure

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Directors

Joanne Nelson14 Years

Aqueel Patel10 Years

Shareholders

rafiq patel 50.1%

jo nelson 25%

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blutex office express limited Estimated Valuation

£220.2k

Pomanda estimates the enterprise value of BLUTEX OFFICE EXPRESS LIMITED at £220.2k based on Net Assets of £63.4k and 3.47x industry multiple (adjusted for liquidity).

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Blutex Office Express Limited is a live company located in south dagenham, RM10 8TX with a Companies House number of 06412840. It operates in the retail sale of newspapers and stationery in specialised stores sector, SIC Code 47620. Founded in October 2007, it's largest shareholder is rafiq patel with a 50.1% stake. Blutex Office Express Limited is a established, small sized company, Pomanda has estimated its turnover at £873.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Blutex Office Express Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £873.2k, make it larger than the average company (£246.9k)

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (-3.4%)

EXPORT

Blutex Office Express Limited's latest turnover from March 2023 is estimated at £873.2 thousand and the company has net assets of £63.4 thousand. According to their latest financial statements, Blutex Office Express Limited has 18 employees and maintains cash reserves of £10.4 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	873,229	1,095,803	1,161,704	1,614,991	721,849	2,540,252	2,942,349	2,511,529	2,624,369	2,305,964	2,148,200	3,714,678	4,949,897	5,948,557
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	641,711	891,761	947,920	1,293,285	538,319	1,904,915	2,366,971	2,009,549	2,121,702	1,848,727	1,738,946	3,007,311	3,892,305	4,693,791
Gross Profit	231,518	204,042	213,783	321,706	183,530	635,336	575,377	501,980	502,667	457,237	409,254	707,367	1,057,592	1,254,767
Admin Expenses	302,559	181,226	233,713	344,243	192,944	609,131	605,196	456,001	446,879	389,618	361,315	710,454	1,060,652	1,239,445
Operating Profit	-71,041	22,816	-19,930	-22,537	-9,414	26,205	-29,819	45,979	55,788	67,619	47,939	-3,087	-3,060	15,322
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	596	236	23	8	107	60	20	23	17	54	64	42	28	2
Pre-Tax Profit	-70,445	23,052	-19,907	-22,529	-9,307	26,265	-29,799	46,001	55,805	67,673	48,003	-3,045	-3,032	15,324
Tax	0	-4,380	0	0	0	-4,990	0	-9,200	-11,719	-15,565	-11,521	0	0	-4,291
Profit After Tax	-70,445	18,672	-19,907	-22,529	-9,307	21,275	-29,799	36,801	44,086	52,108	36,482	-3,045	-3,032	11,033
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-70,445	18,672	-19,907	-22,529	-9,307	21,275	-29,799	36,801	44,086	52,108	36,482	-3,045	-3,032	11,033
Employee Costs	304,404	305,123	531,293	379,869	432,167	333,802	281,850	151,766	137,219	195,169	191,916	243,768	424,658	567,101
Number Of Employees	18	18	16	21	19	19	13	7	7	11	11	16	27	27
EBITDA*	-53,238	44,461	6,324	-3,389	12,793	53,298	-10,260	66,481	76,776	71,739	52,693	2,617	3,649	41,113

* 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	85,044	102,847	124,009	97,414	116,143	108,373	94,259	114,988	117,364	78,915	24,801	29,555	34,392	132,365
Intangible Assets	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	85,044	102,847	124,009	97,414	116,143	108,373	94,259	114,988	117,364	78,915	24,801	29,555	34,392	132,365
Stock & work in progress	44,235	39,700	47,100	47,900	38,320	23,450	23,200	24,900	25,700	33,600	35,060	36,731	53,319	45,127
Trade Debtors	479,970	528,718	501,481	621,676	249,379	861,210	827,139	856,634	704,143	550,728	446,714	700,272	1,056,685	847,544
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	518,096	0	0	0	0	0	0	0	0	0
Cash	10,418	17,642	45,331	1,183	15,787	12,640	11,412	4,557	4,512	2,420	18,985	6,470	10,340	824
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	534,623	586,060	593,912	670,759	821,582	897,300	861,751	886,091	734,355	586,748	500,759	743,473	1,120,344	893,495
total assets	619,667	688,907	717,921	768,173	937,725	1,005,673	956,010	1,001,079	851,719	665,663	525,560	773,028	1,154,736	1,025,860
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	495,116	470,528	477,415	610,138	185,453	792,680	781,054	802,648	689,614	555,334	476,916	760,866	1,138,513	1,012,601
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	558,492	0	0	0	0	0	0	0	0	0
total current liabilities	495,116	470,528	477,415	610,138	743,945	792,680	781,054	802,648	689,614	555,334	476,916	760,866	1,138,513	1,012,601
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	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
other liabilities	45,000	65,000	101,778	4,453	14,822	23,713	7,841	0	0	0	0	0	0	0
provisions	16,158	19,541	23,562	18,509	21,356	22,371	21,481	22,998	23,473	15,783	6,206	6,206	7,222	1,226
total long term liabilities	61,158	84,541	125,340	22,962	36,178	46,084	29,322	22,998	23,473	15,783	6,206	6,206	7,222	1,226
total liabilities	556,274	555,069	602,755	633,100	780,123	838,764	810,376	825,646	713,087	571,117	483,122	767,072	1,145,735	1,013,827
net assets	63,393	133,838	115,166	135,073	157,602	166,909	145,634	175,433	138,632	94,546	42,438	5,956	9,001	12,033
total shareholders funds	63,393	133,838	115,166	135,073	157,602	166,909	145,634	175,433	138,632	94,546	42,438	5,956	9,001	12,033

	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	-71,041	22,816	-19,930	-22,537	-9,414	26,205	-29,819	45,979	55,788	67,619	47,939	-3,087	-3,060	15,322
Depreciation	17,803	21,645	26,254	19,148	22,207	27,093	19,559	20,502	20,988	4,120	4,754	5,704	6,709	25,791
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-4,380	0	0	0	-4,990	0	-9,200	-11,719	-15,565	-11,521	0	0	-4,291
Stock	4,535	-7,400	-800	9,580	14,870	250	-1,700	-800	-7,900	-1,460	-1,671	-16,588	8,192	45,127
Debtors	-48,748	27,237	-120,195	-145,799	-93,735	34,071	-29,495	152,491	153,415	104,014	-253,558	-356,413	209,141	847,544
Creditors	24,588	-6,887	-132,723	424,685	-607,227	11,626	-21,594	113,034	134,280	78,418	-283,950	-377,647	125,912	1,012,601
Accruals and Deferred Income	0	0	0	-558,492	558,492	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-3,383	-4,021	5,053	-2,847	-1,015	890	-1,517	-475	7,690	9,577	0	-1,016	5,996	1,226
Cash flow from operations	12,180	9,336	-351	-3,824	41,908	26,503	-2,176	18,149	61,512	41,615	12,451	-3,045	-81,776	157,978
Investing Activities
capital expenditure	0	-483	-52,849	-419	-29,977	-41,207	1,170	-18,126	-59,437	-58,234	0	-867	91,264	-158,156
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-483	-52,849	-419	-29,977	-41,207	1,170	-18,126	-59,437	-58,234	0	-867	91,264	-158,156
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-20,000	-36,778	97,325	-10,369	-8,891	15,872	7,841	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	596	236	23	8	107	60	20	23	17	54	64	42	28	2
cash flow from financing	-19,404	-36,542	97,348	-10,361	-8,784	15,932	7,861	23	17	54	64	42	28	1,002
cash and cash equivalents
cash	-7,224	-27,689	44,148	-14,604	3,147	1,228	6,855	45	2,092	-16,565	12,515	-3,870	9,516	824
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-7,224	-27,689	44,148	-14,604	3,147	1,228	6,855	45	2,092	-16,565	12,515	-3,870	9,516	824

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BLUTEX OFFICE EXPRESS LIMITED group structure

Blutex Office Express Limited has no subsidiary companies.

Ultimate parent company

BLUTEX OFFICE EXPRESS LIMITED

06412840

BLUTEX OFFICE EXPRESS LIMITED Shareholders

rafiq patel	50.1%
jo nelson	25%
aqueel patel	24.9%

Blutex Office Express Limited currently has 2 directors. The longest serving directors include Ms Joanne Nelson (Aug 2009) and Mr Aqueel Patel (Aug 2013).

officer	country	age	start	end	role
Ms Joanne Nelson		56 years	Aug 2009	-	Director
Mr Aqueel Patel		37 years	Aug 2013	-	Director

P&L

March 2023

turnover

873.2k

-20%

operating profit

-71k

gross margin

26.6%

+42.39%

turnover

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

Balance Sheet

March 2023

net assets

63.4k

-0.53%

total assets

619.7k

-0.1%

cash

10.4k

-0.41%

net assets

Total assets minus all liabilities

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company number

06412840

Type

Private limited with Share Capital

industry

47620 - Retail sale of newspapers and stationery in specialised stores

incorporation date

October 2007

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

blutex properties limited (March 2008)

incorporated

address

unit d, sterling industrial, estate, rainham road, south dagenham, essex, RM10 8TX

last accounts submitted

March 2023

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

blutex office express limited Company Information

blutex office express limited Estimated Valuation

blutex office express limited Estimated Valuation

blutex office express limited Estimated Valuation

Blutex Office Express Limited Overview

Blutex Office Express Limited Health Check

BLUTEX OFFICE EXPRESS LIMITED financials

blutex office express limited Credit Report and Business Information

Blutex Office Express Limited Competitor Analysis

blutex office express limited Ownership

blutex office express limited directors

blutex office express limited company details

blutex office express limited Charges & Mortgages

blutex office express limited Companies House Filings - See Documents