procon readymix limited
procon readymix limited Company Information
Company Number
06632394
Website
www.proconreadymix.co.ukRegistered Address
procon house, brent trading estate, london, NW10 0BF
Industry
Manufacture of ready-mixed concrete
Telephone
02084597190
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
cemex uk operations limited 100%
procon readymix limited Estimated Valuation
Pomanda estimates the enterprise value of PROCON READYMIX LIMITED at £8.1m based on a Turnover of £13.5m and 0.61x industry multiple (adjusted for size and gross margin).
procon readymix limited Estimated Valuation
Pomanda estimates the enterprise value of PROCON READYMIX LIMITED at £5m based on an EBITDA of £1.6m and a 3.14x industry multiple (adjusted for size and gross margin).
procon readymix limited Estimated Valuation
Pomanda estimates the enterprise value of PROCON READYMIX LIMITED at £18.2m based on Net Assets of £9.2m and 1.97x industry multiple (adjusted for liquidity).
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Procon Readymix Limited Overview
Procon Readymix Limited is a live company located in london, NW10 0BF with a Companies House number of 06632394. It operates in the manufacture of ready-mixed concrete sector, SIC Code 23630. Founded in June 2008, it's largest shareholder is cemex uk operations limited with a 100% stake. Procon Readymix Limited is a established, mid sized company, Pomanda has estimated its turnover at £13.5m with high growth in recent years.
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Procon Readymix Limited Health Check
Pomanda's financial health check has awarded Procon Readymix Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £13.5m, make it smaller than the average company (£17.9m)
£13.5m - Procon Readymix Limited
£17.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (7.9%)
25% - Procon Readymix Limited
7.9% - Industry AVG
Production
with a gross margin of 21.3%, this company has a comparable cost of product (18.5%)
21.3% - Procon Readymix Limited
18.5% - Industry AVG
Profitability
an operating margin of 11.6% make it more profitable than the average company (4.6%)
11.6% - Procon Readymix Limited
4.6% - Industry AVG
Employees
with 26 employees, this is below the industry average (59)
26 - Procon Readymix Limited
59 - Industry AVG
Pay Structure
on an average salary of £49.9k, the company has an equivalent pay structure (£43.8k)
£49.9k - Procon Readymix Limited
£43.8k - Industry AVG
Efficiency
resulting in sales per employee of £517.4k, this is more efficient (£317.8k)
£517.4k - Procon Readymix Limited
£317.8k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is near the average (62 days)
62 days - Procon Readymix Limited
62 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (45 days)
6 days - Procon Readymix Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (7 days)
4 days - Procon Readymix Limited
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (11 weeks)
31 weeks - Procon Readymix Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 13.6%, this is a lower level of debt than the average (66.6%)
13.6% - Procon Readymix Limited
66.6% - Industry AVG
PROCON READYMIX LIMITED financials
Procon Readymix Limited's latest turnover from December 2022 is £13.5 million and the company has net assets of £9.2 million. According to their latest financial statements, Procon Readymix Limited has 26 employees and maintains cash reserves of £872.3 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 | 13,451,769 | 10,208,011 | 9,704,404 | 6,904,534 | 7,909,512 | 9,409,399 | ||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Cost Of Sales | 10,588,769 | 8,729,564 | 8,305,431 | 5,811,935 | 6,163,242 | 6,978,541 | ||||||||
| Gross Profit | 2,863,000 | 1,478,447 | 1,398,973 | 1,092,599 | 1,746,270 | 2,430,858 | ||||||||
| Admin Expenses | 1,307,945 | 1,086,084 | 1,221,639 | 723,545 | 766,388 | 717,954 | ||||||||
| Operating Profit | 1,555,055 | 392,363 | 177,334 | 369,054 | 979,882 | 1,712,904 | ||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 5,055 | ||||||||
| Interest Receivable | 16,053 | 0 | 0 | 0 | 0 | 0 | ||||||||
| Pre-Tax Profit | 1,571,108 | 392,363 | 177,334 | 369,054 | 979,882 | 1,707,849 | ||||||||
| Tax | -21,019 | 9,889 | 13,015 | 34,145 | -103,472 | -351,568 | ||||||||
| Profit After Tax | 1,550,089 | 402,252 | 190,349 | 403,199 | 876,410 | 1,356,281 | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 96,000 | 312,000 | ||||||||
| Retained Profit | 1,550,089 | 402,252 | 190,349 | 403,199 | 780,410 | 1,044,281 | ||||||||
| Employee Costs | 1,297,218 | 1,099,469 | 1,100,697 | 785,623 | 723,637 | 745,493 | ||||||||
| Number Of Employees | 26 | 23 | 23 | 17 | 21 | 15 | 22 | |||||||
| EBITDA* | 1,586,633 | 423,084 | 305,126 | 512,999 | 1,089,714 | 1,956,241 |
* 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 | 3,644,116 | 3,254,658 | 3,285,379 | 3,413,171 | 3,557,116 | 3,666,808 | 3,910,145 | 3,751,236 | 523,705 | 869,968 | 959,156 | 1,160,763 | 1,215,768 | 1,391,537 |
| 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 | 3,644,116 | 3,254,658 | 3,285,379 | 3,413,171 | 3,557,116 | 3,666,808 | 3,910,145 | 3,751,236 | 523,705 | 869,968 | 959,156 | 1,160,763 | 1,215,768 | 1,391,537 |
| Stock & work in progress | 118,903 | 95,341 | 118,332 | 82,607 | 86,799 | 85,860 | 62,553 | 71,550 | 58,429 | 62,515 | 54,934 | 38,447 | 32,757 | 26,636 |
| Trade Debtors | 2,299,409 | 1,429,419 | 1,439,695 | 1,183,702 | 1,965,229 | 1,905,632 | 2,348,971 | 1,324,594 | 1,734,050 | 1,444,988 | 1,018,359 | 1,445,122 | 1,505,612 | 972,015 |
| Group Debtors | 3,632,198 | 244,712 | 438,247 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 111,021 | 142,440 | 114,682 | 337,762 | 51,082 | 36,340 | 29,328 | 20,837 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 872,339 | 3,637,110 | 3,532,023 | 2,872,634 | 2,058,886 | 1,180,489 | 108,329 | 267,364 | 1,481,175 | 377,282 | 212,002 | 111,041 | 286,744 | 114,702 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,033,870 | 5,549,022 | 5,642,979 | 4,476,705 | 4,161,996 | 3,208,321 | 2,549,181 | 1,684,345 | 3,273,654 | 1,884,785 | 1,285,295 | 1,594,610 | 1,825,113 | 1,113,353 |
| total assets | 10,677,986 | 8,803,680 | 8,928,358 | 7,889,876 | 7,719,112 | 6,875,129 | 6,459,326 | 5,435,581 | 3,797,359 | 2,754,753 | 2,244,451 | 2,755,373 | 3,040,881 | 2,504,890 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 114,951 | 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 | 197,497 | 173,276 | 582,282 | 379,082 | 725,842 | 535,796 | 854,649 | 583,011 | 1,459,046 | 1,181,250 | 947,142 | 1,143,052 | 1,303,542 | 1,264,579 |
| Group/Directors Accounts | 949,991 | 723,799 | 692,441 | 196,950 | 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 | 24,087 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 302,374 | 228,570 | 377,852 | 228,410 | 311,035 | 437,508 | 479,207 | 961,664 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,449,862 | 1,125,645 | 1,652,575 | 804,442 | 1,036,877 | 973,304 | 1,448,807 | 1,568,762 | 1,459,046 | 1,181,250 | 947,142 | 1,143,052 | 1,303,542 | 1,264,579 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 152,975 | 589,411 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,490 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 57,209 | 94,690 | 28,000 | 324,807 | 1,070,336 | 1,168,108 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,997 | 65,829 | 81,389 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 152,975 | 592,901 | 57,209 | 140,687 | 93,829 | 406,196 | 1,070,336 | 1,168,108 |
| total liabilities | 1,449,862 | 1,125,645 | 1,652,575 | 804,442 | 1,036,877 | 973,304 | 1,601,782 | 2,161,663 | 1,516,255 | 1,321,937 | 1,040,971 | 1,549,248 | 2,373,878 | 2,432,687 |
| net assets | 9,228,124 | 7,678,035 | 7,275,783 | 7,085,434 | 6,682,235 | 5,901,825 | 4,857,544 | 3,273,918 | 2,281,104 | 1,432,816 | 1,203,480 | 1,206,125 | 667,003 | 72,203 |
| total shareholders funds | 9,228,124 | 7,678,035 | 7,275,783 | 7,085,434 | 6,682,235 | 5,901,825 | 4,857,544 | 3,273,918 | 2,281,104 | 1,432,816 | 1,203,480 | 1,206,125 | 667,003 | 72,203 |
| 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 | 1,555,055 | 392,363 | 177,334 | 369,054 | 979,882 | 1,712,904 | ||||||||
| Depreciation | 31,578 | 30,721 | 127,792 | 143,945 | 109,832 | 243,337 | 249,891 | 435,927 | 363,009 | 385,368 | 201,927 | 201,896 | 187,204 | 186,062 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -21,019 | 9,889 | 13,015 | 34,145 | -103,472 | -351,568 | ||||||||
| Stock | 23,562 | -22,991 | 35,725 | -4,192 | 24,246 | 23,307 | -8,997 | 13,121 | -4,086 | 7,581 | 16,487 | 5,690 | 6,121 | 26,636 |
| Debtors | 4,226,057 | -176,053 | 471,160 | -494,847 | -361,988 | -436,327 | 1,032,868 | -388,619 | 289,062 | 426,629 | -426,763 | -60,490 | 533,597 | 972,015 |
| Creditors | 24,221 | -409,006 | 203,200 | -346,760 | -128,807 | -318,853 | 271,638 | -876,035 | 277,796 | 234,108 | -195,910 | -160,490 | 38,963 | 1,264,579 |
| Accruals and Deferred Income | 73,804 | -149,282 | 149,442 | -82,625 | -168,172 | -41,699 | -482,457 | 961,664 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -45,997 | -19,832 | -15,560 | 81,389 | 0 | 0 |
| Cash flow from operations | -2,585,980 | 73,729 | 163,898 | 616,798 | 1,027,005 | 1,657,141 | ||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 226,192 | 31,358 | 495,491 | 196,950 | 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 | -152,975 | -152,975 | -436,436 | 589,411 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | -27,577 | 27,577 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -57,209 | -37,481 | 66,690 | -296,807 | -745,529 | -97,772 | 1,168,108 |
| share issue | ||||||||||||||
| interest | 16,053 | 0 | 0 | 0 | 0 | -5,055 | ||||||||
| cash flow from financing | 242,245 | 31,358 | 495,491 | 196,950 | 891,306 | -158,030 | ||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -2,764,771 | 105,087 | 659,389 | 813,748 | 1,950,557 | 1,072,160 | -159,035 | -1,213,811 | 1,103,893 | 165,280 | 100,961 | -175,703 | 172,042 | 114,702 |
| overdraft | 0 | 0 | 0 | 0 | -114,951 | -114,951 | 114,951 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,764,771 | 105,087 | 659,389 | 813,748 | 2,065,508 | 1,187,111 | -273,986 | -1,213,811 | 1,103,893 | 165,280 | 100,961 | -175,703 | 172,042 | 114,702 |
procon readymix limited Credit Report and Business Information
Procon Readymix Limited Competitor Analysis
Perform a competitor analysis for procon readymix limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in NW10 area or any other competitors across 12 key performance metrics.
procon readymix limited Ownership
PROCON READYMIX LIMITED group structure
Procon Readymix Limited has no subsidiary companies.
Ultimate parent company
CEMEX SAB DE CV
#0051606
2 parents
PROCON READYMIX LIMITED
06632394
procon readymix limited directors
Procon Readymix Limited currently has 4 directors. The longest serving directors include Mr Marcus Rappensberger (Aug 2018) and Mr Vishal Puri (Aug 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Marcus Rappensberger | 59 years | Aug 2018 | - | Director | |
| Mr Vishal Puri | England | 50 years | Aug 2018 | - | Director |
| Mrs Clare Pickering | United Kingdom | 54 years | Jan 2019 | - | Director |
| Mr Lex Russell | United Kingdom | 58 years | Nov 2020 | - | Director |
P&L
December 2022turnover
13.5m
+32%
operating profit
1.6m
+296%
gross margin
21.3%
+46.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
9.2m
+0.2%
total assets
10.7m
+0.21%
cash
872.3k
-0.76%
net assets
Total assets minus all liabilities
procon readymix limited company details
company number
06632394
Type
Private limited with Share Capital
industry
23630 - Manufacture of ready-mixed concrete
incorporation date
June 2008
age
16
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
wembley recycling limited (November 2008)
last accounts submitted
December 2022
address
procon house, brent trading estate, london, NW10 0BF
accountant
-
auditor
KPMG LLP
procon readymix 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 procon readymix limited. Currently there are 0 open charges and 4 have been satisfied in the past.
procon readymix limited Companies House Filings - See Documents
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