cadac holdings limited
cadac holdings limited Company Information
Company Number
06704124
Website
cadac-sound.comRegistered Address
sterling ford centurion court, 83 camp road, st albans, herts, AL1 5JN
Industry
Manufacture of other electrical equipment
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Directors
Xiang Wang15 Years
Shareholders
ningbo soundking group co ltd 100%
cadac holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CADAC HOLDINGS LIMITED at £595.5k based on a Turnover of £871.2k and 0.68x industry multiple (adjusted for size and gross margin).
cadac holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CADAC HOLDINGS LIMITED at £0 based on an EBITDA of £-698.9k and a 5.13x industry multiple (adjusted for size and gross margin).
cadac holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CADAC HOLDINGS LIMITED at £0 based on Net Assets of £-10.6m and 2.05x industry multiple (adjusted for liquidity).
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Cadac Holdings Limited Overview
Cadac Holdings Limited is a dissolved company that was located in st albans, AL1 5JN with a Companies House number of 06704124. It operated in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in September 2008, it's largest shareholder was ningbo soundking group co ltd with a 100% stake. The last turnover for Cadac Holdings Limited was estimated at £871.2k.
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Cadac Holdings Limited Health Check
Pomanda's financial health check has awarded Cadac Holdings Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
7 Weak
Size
annual sales of £871.2k, make it smaller than the average company (£8.7m)
- Cadac Holdings Limited
£8.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -61%, show it is growing at a slower rate (3.5%)
- Cadac Holdings Limited
3.5% - Industry AVG
Production
with a gross margin of 35.6%, this company has a comparable cost of product (35.6%)
- Cadac Holdings Limited
35.6% - Industry AVG
Profitability
an operating margin of -82.4% make it less profitable than the average company (6.8%)
- Cadac Holdings Limited
6.8% - Industry AVG
Employees
with 7 employees, this is below the industry average (67)
7 - Cadac Holdings Limited
67 - Industry AVG
Pay Structure
on an average salary of £40.4k, the company has an equivalent pay structure (£40.4k)
- Cadac Holdings Limited
£40.4k - Industry AVG
Efficiency
resulting in sales per employee of £124.5k, this is equally as efficient (£132.1k)
- Cadac Holdings Limited
£132.1k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (64 days)
- Cadac Holdings Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is close to average (46 days)
- Cadac Holdings Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 543 days, this is more than average (77 days)
- Cadac Holdings Limited
77 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (16 weeks)
0 weeks - Cadac Holdings Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1223.2%, this is a higher level of debt than the average (45.8%)
1223.2% - Cadac Holdings Limited
45.8% - Industry AVG
CADAC HOLDINGS LIMITED financials
Cadac Holdings Limited's latest turnover from June 2017 is estimated at £871.2 thousand and the company has net assets of -£10.6 million. According to their latest financial statements, Cadac Holdings Limited has 7 employees and maintains cash reserves of £10 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2017 | Jun 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 661,142 | 297,009 | 552,076 | 559,295 | 494,540 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 1,510,279 | 538,455 | 271,749 | 132,401 | 148,128 | |||
| Gross Profit | -849,137 | -241,446 | 280,327 | 426,894 | 346,412 | |||
| Admin Expenses | 623,433 | 1,210,258 | 1,556,211 | 1,000,977 | ||||
| Operating Profit | -1,472,570 | -1,451,704 | -1,129,317 | -654,565 | ||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | -1,472,570 | -1,451,704 | -851,235 | -1,129,317 | -654,565 | |||
| Tax | 0 | 0 | 0 | 0 | 0 | |||
| Profit After Tax | -1,472,570 | -1,451,704 | -851,235 | -1,129,317 | -654,565 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | -1,472,570 | -1,451,704 | -851,235 | -1,129,317 | -654,565 | |||
| Employee Costs | ||||||||
| Number Of Employees | 7 | 17 | ||||||
| EBITDA* | -1,437,162 | -1,413,242 | -1,080,808 | -616,181 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2017 | Jun 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,959 | 6,826 | 67,377 | 75,634 | 87,848 | 105,983 | 128,039 | 115,152 |
| Intangible Assets | 30,535 | 0 | 1,238,197 | 82,500 | 99,000 | 115,500 | 132,000 | 148,500 |
| Investments & Other | 0 | 0 | 0 | 902,043 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 35,494 | 6,826 | 1,305,574 | 1,060,177 | 186,848 | 221,483 | 260,039 | 263,652 |
| Stock & work in progress | 834,784 | 1,085,817 | 1,060,662 | 751,228 | 1,360,005 | 1,738,183 | 1,335,791 | 662,548 |
| Trade Debtors | 41,928 | 41,001 | 199,337 | 226,390 | 10,786 | 126,734 | 80,513 | 7,996 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 21,367 | 55,333 | 0 | 336 | 336 | 6,620 | 540 | 2,799 |
| Cash | 9,982 | 15,378 | 13,077 | 35,112 | 35,434 | 23,292 | 67,617 | 80,996 |
| misc current assets | 0 | 0 | 0 | 0 | 18,158 | 46,206 | 16,924 | 42,018 |
| total current assets | 908,061 | 1,197,529 | 1,273,076 | 1,013,066 | 1,424,719 | 1,941,035 | 1,501,385 | 796,357 |
| total assets | 943,555 | 1,204,355 | 2,578,650 | 2,073,243 | 1,611,567 | 2,162,518 | 1,761,424 | 1,060,009 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 63,874 | 89,257 | 9,550,073 | 7,532,634 | 294,763 | 248,354 | 40,128 | 33,455 |
| Group/Directors Accounts | 11,447,623 | 10,970,601 | 0 | 0 | 0 | 0 | 0 | 1,149,934 |
| other short term finances | 0 | 0 | 0 | 0 | 5,271,464 | 4,423,633 | 3,370,233 | 356,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 29,577 | 24,067 | 0 | 0 | 32,161 | 25,648 | 34,945 | 75,185 |
| total current liabilities | 11,541,074 | 11,083,925 | 9,550,073 | 7,532,634 | 5,598,388 | 4,697,635 | 3,445,306 | 1,614,574 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 11,541,074 | 11,083,925 | 9,550,073 | 7,532,634 | 5,598,388 | 4,697,635 | 3,445,306 | 1,614,574 |
| net assets | -10,597,519 | -9,879,570 | -6,971,423 | -5,459,391 | -3,986,821 | -2,535,117 | -1,683,882 | -554,565 |
| total shareholders funds | -10,597,519 | -9,879,570 | -6,971,423 | -5,459,391 | -3,986,821 | -2,535,117 | -1,683,882 | -554,565 |
| Jun 2017 | Jun 2016 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -1,472,570 | -1,451,704 | -1,129,317 | -654,565 | ||||
| Depreciation | 3,828 | 6,615 | 16,078 | 18,908 | 21,962 | 26,496 | 32,009 | 38,384 |
| Amortisation | 15,267 | 1,585,948 | 16,500 | 16,500 | 16,500 | 16,500 | 16,500 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | |||
| Stock | -251,033 | 1,085,817 | 309,434 | -608,777 | -378,178 | 402,392 | 673,243 | 662,548 |
| Debtors | -33,039 | 96,334 | -27,389 | 215,604 | -122,232 | 52,301 | 70,258 | 10,795 |
| Creditors | -25,383 | 89,257 | 2,017,439 | 7,237,871 | 46,409 | 208,226 | 6,673 | 33,455 |
| Accruals and Deferred Income | 5,510 | 24,067 | 0 | -32,161 | 6,513 | -9,297 | -40,240 | 75,185 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 6,161,721 | -859,910 | -1,857,876 | -1,180,884 | ||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | -902,043 | 902,043 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 477,022 | 10,970,601 | 0 | 0 | 0 | 0 | -1,149,934 | 1,149,934 |
| Other Short Term Loans | 0 | 0 | 0 | -5,271,464 | 847,831 | 1,053,400 | 3,014,233 | 356,000 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 0 | 0 | 0 | 0 | 0 | |||
| cash flow from financing | -5,271,464 | 847,831 | 1,053,400 | 1,864,299 | 1,605,934 | |||
| cash and cash equivalents | ||||||||
| cash | -5,396 | 15,378 | -22,035 | -322 | 12,142 | -44,325 | -13,379 | 80,996 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -5,396 | 15,378 | -22,035 | -322 | 12,142 | -44,325 | -13,379 | 80,996 |
cadac holdings limited Credit Report and Business Information
Cadac Holdings Limited Competitor Analysis
Perform a competitor analysis for cadac holdings limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in AL1 area or any other competitors across 12 key performance metrics.
cadac holdings limited Ownership
CADAC HOLDINGS LIMITED group structure
Cadac Holdings Limited has no subsidiary companies.
Ultimate parent company
NINGBO SOUNDKING GROUP CO LTD
#0053357
1 parent
CADAC HOLDINGS LIMITED
06704124
cadac holdings limited directors
Cadac Holdings Limited currently has 1 director, Mr Xiang Wang serving since Dec 2008.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Xiang Wang | China | 69 years | Dec 2008 | - | Director |
P&L
June 2017turnover
871.2k
-37%
operating profit
-718k
0%
gross margin
35.7%
-1.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2017net assets
-10.6m
+0.07%
total assets
943.6k
-0.22%
cash
10k
-0.35%
net assets
Total assets minus all liabilities
cadac holdings limited company details
company number
06704124
Type
Private limited with Share Capital
industry
27900 - Manufacture of other electrical equipment
incorporation date
September 2008
age
16
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
June 2017
address
sterling ford centurion court, 83 camp road, st albans, herts, AL1 5JN
accountant
-
auditor
-
cadac holdings 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 did not find charges/mortgages relating to cadac holdings limited.
cadac holdings limited Companies House Filings - See Documents
| date | description | view/download |
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