expro resources limited
expro resources limited Company Information
Company Number
06557795
Website
www.exprogroup.comRegistered Address
second floor davidson house, forbury square, reading, berkshire, RG1 3EU
Industry
Renting and leasing of other machinery, equipment and tangible goods n.e.c.
Telephone
01189591341
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
exploration & production services (holdings) ltd 100%
expro resources limited Estimated Valuation
Pomanda estimates the enterprise value of EXPRO RESOURCES LIMITED at £4.8m based on a Turnover of £4.2m and 1.15x industry multiple (adjusted for size and gross margin).
expro resources limited Estimated Valuation
Pomanda estimates the enterprise value of EXPRO RESOURCES LIMITED at £14.8m based on an EBITDA of £3.2m and a 4.67x industry multiple (adjusted for size and gross margin).
expro resources limited Estimated Valuation
Pomanda estimates the enterprise value of EXPRO RESOURCES LIMITED at £89.3m based on Net Assets of £43.9m and 2.03x industry multiple (adjusted for liquidity).
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Expro Resources Limited Overview
Expro Resources Limited is a live company located in reading, RG1 3EU with a Companies House number of 06557795. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in April 2008, it's largest shareholder is exploration & production services (holdings) ltd with a 100% stake. Expro Resources Limited is a established, small sized company, Pomanda has estimated its turnover at £4.2m with declining growth in recent years.
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Expro Resources Limited Health Check
Pomanda's financial health check has awarded Expro Resources Limited a 4.5 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 £4.2m, make it smaller than the average company (£9.8m)
£4.2m - Expro Resources Limited
£9.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -40%, show it is growing at a slower rate (6%)
-40% - Expro Resources Limited
6% - Industry AVG
Production
with a gross margin of 74.6%, this company has a lower cost of product (46.5%)
74.6% - Expro Resources Limited
46.5% - Industry AVG
Profitability
an operating margin of 75.7% make it more profitable than the average company (14.2%)
75.7% - Expro Resources Limited
14.2% - Industry AVG
Employees
with 21 employees, this is below the industry average (40)
- Expro Resources Limited
40 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Expro Resources Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £199.8k, this is equally as efficient (£204.1k)
- Expro Resources Limited
£204.1k - Industry AVG
Debtor Days
it gets paid by customers after 205 days, this is later than average (62 days)
205 days - Expro Resources Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is quicker than average (49 days)
43 days - Expro Resources Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 26 days, this is in line with average (21 days)
26 days - Expro Resources Limited
21 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (6 weeks)
26 weeks - Expro Resources Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.9%, this is a lower level of debt than the average (63.1%)
1.9% - Expro Resources Limited
63.1% - Industry AVG
expro resources limited Credit Report and Business Information
Expro Resources Limited Competitor Analysis
Perform a competitor analysis for expro resources limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
expro resources limited Ownership
EXPRO RESOURCES LIMITED group structure
Expro Resources Limited has no subsidiary companies.
Ultimate parent company
NEW EAGLE 2 LTD
#0101894
2 parents
EXPRO RESOURCES LIMITED
06557795
expro resources limited directors
Expro Resources Limited currently has 2 directors. The longest serving directors include Mr Lewis McAlister (Apr 2008) and Mr Domenico Sansalone (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lewis McAlister | 58 years | Apr 2008 | - | Director | |
| Mr Domenico Sansalone | United Kingdom | 45 years | Aug 2023 | - | Director |
EXPRO RESOURCES LIMITED financials
Expro Resources Limited's latest turnover from December 2022 is £4.2 million and the company has net assets of £43.9 million. According to their latest financial statements, we estimate that Expro Resources Limited has 21 employees and maintains cash reserves of £70.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,196,513 | 5,344,057 | 9,967,503 | 19,131,198 | 8,583,131 | 3,925,600 | 2,427,396 | 20,805,851 | 77,103,146 | 59,949,400 | 36,680,179 | 12,840,029 | 6,426,132 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 1,068,175 | 1,611,829 | 3,271,590 | 11,025,303 | 2,418,841 | 2,584,000 | 10,360,031 | 13,591,871 | 47,842,803 | 30,038,106 | 17,500,605 | 4,591,602 | 2,548,065 | |
| Gross Profit | 3,128,338 | 3,732,228 | 6,695,914 | 8,105,894 | 6,164,290 | 1,341,600 | -7,932,635 | 7,213,979 | 29,260,343 | 29,911,294 | 19,179,574 | 8,248,427 | 3,878,067 | |
| Admin Expenses | -47,911 | -51,995 | 77,992 | 860,757 | 261,681 | 7,106,400 | 12,816,961 | 21,495,675 | 5,452,329 | 8,352,698 | 4,765,247 | 5,016,336 | 2,341,260 | |
| Operating Profit | 3,176,249 | 3,784,223 | 6,617,922 | 7,245,137 | 5,902,609 | -5,764,800 | -20,749,596 | -14,281,696 | 23,808,014 | 21,558,596 | 14,414,327 | 3,232,091 | 1,536,807 | |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 142,183 | 6,487,173 | 18,973 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 377,541 | 68,934 | |
| Pre-Tax Profit | 3,176,249 | 3,784,223 | 6,617,922 | 7,245,137 | 5,902,609 | -5,764,800 | -20,749,596 | -14,281,696 | 23,808,014 | 21,558,596 | 14,272,144 | -2,877,541 | 1,586,770 | |
| Tax | -51,052 | -5,687 | 877,407 | 0 | 0 | -1,600 | 0 | -86,492 | -647,809 | -3,846,202 | -307,357 | -98,621 | 0 | |
| Profit After Tax | 3,125,196 | 3,778,536 | 7,495,329 | 7,245,137 | 5,902,609 | -5,766,400 | -20,749,596 | -14,368,188 | 23,160,205 | 17,712,394 | 13,964,787 | -2,976,162 | 1,586,770 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 3,125,196 | 3,778,536 | 7,495,329 | 7,245,137 | 5,902,609 | -5,766,400 | -20,749,596 | -14,368,188 | 23,160,205 | 17,712,394 | 13,964,787 | -2,976,162 | 1,586,770 | |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Number Of Employees | ||||||||||||||
| EBITDA* | 3,176,249 | 5,823,381 | 9,984,564 | 10,168,934 | 5,902,609 | -5,764,800 | -19,343,225 | -12,136,981 | 33,816,141 | 29,943,153 | 22,208,978 | 9,528,678 | 5,985,959 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,148,916 | 13,437,322 | 13,131,855 | 13,212,666 | 3,552,791 | 7,000,800 | 4,103,790 | 5,328,036 | 7,811,915 | 7,678,660 | 13,667,110 | 16,329,864 | 15,408,550 | 0 |
| Intangible Assets | 8,895,696 | 9,201,397 | 9,201,397 | 8,282,873 | 8,590,716 | 9,060,800 | 7,964,278 | 7,964,278 | 26,098,513 | 23,761,244 | 26,600,315 | 30,186,955 | 35,302,934 | 0 |
| Investments & Other | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Debtors (Due After 1 year) | 7,609,173 | 9,367,942 | 9,197,335 | 7,760,713 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,875,242 | 2,514,545 | 0 |
| Total Fixed Assets | 18,653,786 | 22,638,719 | 22,333,252 | 21,495,538 | 12,143,507 | 16,061,600 | 12,068,068 | 13,292,314 | 33,910,428 | 31,439,905 | 40,267,425 | 50,392,062 | 53,226,031 | 0 |
| Stock & work in progress | 76,186 | 0 | 0 | 14,626 | 0 | 144,800 | 1,406 | 0 | 266,602 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,366,478 | 1,264,928 | 1,900,236 | 2,105,456 | 89,502 | 14,740,800 | 14,752,127 | 30,019,689 | 20,461,676 | 30,862,694 | 9,413,117 | 2,791,626 | 131,546 | 0 |
| Group Debtors | 23,612,943 | 18,990,169 | 15,575,595 | 8,002,778 | 10,045,509 | 2,148,800 | 3,643,906 | 5,884,958 | 19,019,751 | 9,386,556 | 9,496,006 | 3,380,324 | 3,092,587 | 0 |
| Misc Debtors | 0 | 0 | 0 | 116,279 | 116,049 | 136,800 | 33,752 | 22,501 | 14,844,346 | 14,992 | 12,100 | 0 | 65,140 | 0 |
| Cash | 70,688 | 90,177 | 186,855 | 737,165 | 433,859 | 60,800 | 194,782 | 187,047 | 356,011 | 279,860 | 207,527 | 67,764 | 177,713 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 26,126,296 | 20,345,276 | 17,662,686 | 10,976,305 | 10,684,921 | 17,232,000 | 18,625,976 | 36,114,197 | 54,948,387 | 40,544,103 | 19,128,751 | 6,239,714 | 3,466,987 | 0 |
| total assets | 44,780,082 | 42,983,995 | 39,995,938 | 32,471,843 | 22,828,428 | 33,293,600 | 30,694,044 | 49,406,511 | 88,858,815 | 71,984,008 | 59,396,176 | 56,631,776 | 56,693,018 | 0 |
| 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 | 128,024 | 157,608 | 948,087 | 1,312,710 | 15,928 | 44,800 | 397,300 | 1,496,379 | 7,466,472 | 856,447 | 1,724,952 | 362,415 | 561,599 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,804,723 | 39,330,833 | 6,611,205 | 540,096 | 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 | 12,566 | 0 | 0 | 3,326,019 | 1,459,344 | 16,952,800 | 10,904,296 | 7,768,089 | 23,202,470 | 13,697,526 | 5,833,736 | 1,045,498 | 73,362 | 0 |
| total current liabilities | 140,591 | 157,608 | 948,087 | 4,638,730 | 1,475,273 | 16,997,600 | 11,301,596 | 9,264,468 | 30,668,943 | 41,358,696 | 46,889,521 | 8,019,119 | 1,175,057 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,070,788 | 53,931,191 | 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 | 722,588 | 632,870 | 632,870 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 722,589 | 632,870 | 632,870 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,070,789 | 53,931,192 | 0 |
| total liabilities | 863,179 | 790,478 | 1,580,957 | 4,638,730 | 1,475,273 | 16,997,600 | 11,301,596 | 9,264,468 | 30,668,943 | 41,358,696 | 46,889,521 | 58,089,908 | 55,106,248 | 0 |
| net assets | 43,916,902 | 42,193,517 | 38,414,981 | 27,833,113 | 21,353,155 | 16,296,000 | 19,392,448 | 40,142,043 | 58,189,872 | 30,625,312 | 12,506,655 | -1,458,132 | 1,586,770 | 0 |
| total shareholders funds | 43,916,902 | 42,193,517 | 38,414,981 | 27,833,114 | 21,353,155 | 16,296,000 | 19,392,448 | 40,142,043 | 58,189,872 | 30,625,312 | 12,506,655 | -1,458,132 | 1,586,770 | 0 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,176,249 | 3,784,223 | 6,617,922 | 7,245,137 | 5,902,609 | -5,764,800 | -20,749,596 | -14,281,696 | 23,808,014 | 21,558,596 | 14,414,327 | 3,232,091 | 1,536,807 | |
| Depreciation | 0 | 2,039,158 | 3,366,642 | 2,923,797 | 0 | 0 | 1,406,371 | 2,144,716 | 5,189,791 | 4,681,409 | 4,208,011 | 2,709,947 | 2,262,206 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,818,336 | 3,703,148 | 3,586,640 | 3,586,640 | 2,186,946 | |
| Tax | -51,052 | -5,687 | 877,407 | 0 | 0 | -1,600 | 0 | -86,492 | -647,809 | -3,846,202 | -307,357 | -98,621 | 0 | |
| Stock | 76,186 | 0 | -14,626 | 14,626 | -1,406 | 143,394 | 1,406 | -266,602 | 266,602 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,965,555 | 2,949,874 | 8,687,939 | 7,734,165 | -8,178,725 | -1,403,386 | -17,497,363 | -18,398,625 | 14,061,532 | 21,343,018 | 8,874,032 | 4,243,374 | 5,803,818 | 0 |
| Creditors | -29,584 | -790,479 | -364,623 | 1,296,782 | -381,371 | -352,500 | -1,099,079 | -5,970,093 | 6,610,025 | -868,505 | 1,362,536 | -199,183 | 561,599 | 0 |
| Accruals and Deferred Income | 12,566 | 0 | -3,326,019 | 1,866,675 | -9,444,952 | 6,048,504 | 3,136,207 | -15,434,381 | 9,504,944 | 7,863,790 | 4,788,238 | 972,136 | 73,362 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -933,562 | 2,077,341 | -1,501,984 | 5,583,600 | 4,256,417 | 1,189,596 | 189,860 | -14,962,719 | 34,955,167 | 11,749,218 | 19,178,363 | 5,959,636 | 817,102 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 1 | 0 |
| cash flow from investments | ||||||||||||||
| 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 | -26,804,723 | -12,526,110 | 32,719,627 | 6,071,109 | 540,096 | 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 | -50,070,788 | -3,860,403 | 53,931,191 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 89,718 | 0 | 632,870 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -142,183 | -6,109,632 | 49,961 | |
| cash flow from financing | -1,312,093 | 0 | 3,719,408 | -765,178 | -3,941,901 | 2,669,952 | 0 | -3,679,641 | -22,400,368 | -12,119,847 | -17,493,344 | -3,967,665 | 54,521,248 | |
| cash and cash equivalents | ||||||||||||||
| cash | -19,489 | -96,678 | -550,310 | 303,306 | 239,077 | -133,982 | 7,735 | -168,963 | 76,151 | 72,333 | 139,763 | -109,949 | 177,713 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -19,489 | -96,678 | -550,310 | 303,306 | 239,077 | -133,982 | 7,735 | -168,963 | 76,151 | 72,333 | 139,763 | -109,949 | 177,713 | 0 |
P&L
December 2022turnover
4.2m
-21%
operating profit
3.2m
-16%
gross margin
74.6%
+6.74%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
43.9m
+0.04%
total assets
44.8m
+0.04%
cash
70.7k
-0.22%
net assets
Total assets minus all liabilities
Similar Companies
expro resources limited company details
company number
06557795
Type
Private limited with Share Capital
industry
77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
incorporation date
April 2008
age
16
accounts
Full Accounts
ultimate parent company
previous names
expro meters limited (February 2009)
incorporated
UK
address
second floor davidson house, forbury square, reading, berkshire, RG1 3EU
last accounts submitted
December 2022
expro resources 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 expro resources limited. Currently there are 1 open charges and 3 have been satisfied in the past.
expro resources limited Companies House Filings - See Documents
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