Emu 24 Limited

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emu 24 limited Company Information

Live

EstablishedSmallHealthy

Company Number

06739464

Website

emu24.co.uk

Registered Address

spectrum house 2b suttons lane, hornchurch, essex, RM12 6RJ

Industry

Wholesale of hardware, plumbing and heating equipment and supplies

Telephone

01708555345

Next Accounts Due

December 2024

Group Structure

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Directors

Daren McCluskey8 Years

Shareholders

daren james mccluskey 50%

jacqueline mccluskey 25%

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emu 24 limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of EMU 24 LIMITED at £1.5m based on a Turnover of £3.4m and 0.45x industry multiple (adjusted for size and gross margin).

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Emu 24 Limited is a live company located in essex, RM12 6RJ with a Companies House number of 06739464. It operates in the wholesale of hardware, plumbing and heating equipment and supplies sector, SIC Code 46740. Founded in November 2008, it's largest shareholder is daren james mccluskey with a 50% stake. Emu 24 Limited is a established, small sized company, Pomanda has estimated its turnover at £3.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Emu 24 Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£17.5m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (5.8%)

EXPORT

Emu 24 Limited's latest turnover from March 2023 is estimated at £3.4 million and the company has net assets of £442.6 thousand. According to their latest financial statements, Emu 24 Limited has 9 employees and maintains cash reserves of £40.9 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	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	3,398,284	3,760,634	3,235,472	2,741,155	2,524,305	1,954,745	995,208	134,334	780,248	458,997	713,887	187,416	86,690	217,113
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,474,856	2,751,681	2,394,476	1,996,344	1,832,754	1,416,229	716,568	96,404	562,885	328,229	510,400	136,650	61,339	177,787
Gross Profit	923,427	1,008,953	840,996	744,812	691,551	538,516	278,640	37,930	217,364	130,768	203,487	50,766	25,352	39,326
Admin Expenses	962,617	808,075	655,873	613,213	604,968	448,497	288,644	29,018	262,082	163,991	189,522	40,341	31,593	34,821
Operating Profit	-39,190	200,878	185,123	131,599	86,583	90,019	-10,004	8,912	-44,718	-33,223	13,965	10,425	-6,241	4,505
Interest Payable	19,219	15,609	7,625	0	0	0	0	0	0	0	0	0	5,739	2,500
Interest Receivable	2,346	409	58	60	1,462	1,138	153	61	29	39	57	68	80	1
Pre-Tax Profit	-56,063	185,678	177,556	131,659	88,046	91,157	-9,851	8,973	-44,689	-33,184	14,022	10,493	-11,900	4,505
Tax	0	-35,279	-33,736	-25,015	-16,729	-17,320	0	-1,794	0	0	-3,365	-2,728	0	-2,334
Profit After Tax	-56,063	150,399	143,820	106,644	71,317	73,837	-9,851	7,178	-44,689	-33,184	10,657	7,765	-11,900	2,171
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-56,063	150,399	143,820	106,644	71,317	73,837	-9,851	7,178	-44,689	-33,184	10,657	7,765	-11,900	2,171
Employee Costs	364,720	311,866	280,404	272,168	280,623	242,057	293,961	31,565	126,915	60,311	121,309	30,526	29,613	0
Number Of Employees	9	8	8	8	8	7	9	1	4	2	4	1	1	0
EBITDA*	-9,178	233,227	210,845	147,892	104,198	110,771	-10,004	8,942	-38,860	-11,300	36,344	32,375	11,951	21,715

* 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	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	171,977	201,989	165,717	123,308	112,669	124,864	126,609	0	30	5,888	12,811	20,084	11,559	8,390
Intangible Assets	0	0	0	0	0	0	0	0	0	75,000	90,000	105,000	120,000	135,000
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	171,977	201,989	165,717	123,308	112,669	124,864	126,609	0	30	80,888	102,811	125,084	131,559	143,390
Stock & work in progress	945,683	660,683	466,755	443,811	382,786	356,755	99,525	9,780	10,260	55,185	40,270	11,048	10,380	10,000
Trade Debtors	677,040	889,556	927,347	573,501	567,501	298,084	135,055	7,654	162,701	102,865	178,516	55,173	24,108	13,864
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	9,735	0	0	0	0	0	1,019	0	0	0	0	0	0	0
Cash	40,922	69,472	39,682	76,297	44,367	345,579	109,433	12,682	11,677	5,844	9,872	13,057	14,249	17,879
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,673,380	1,619,711	1,433,784	1,093,609	994,654	1,000,418	345,032	30,116	184,638	163,894	228,658	79,278	48,737	41,743
total assets	1,845,357	1,821,700	1,599,501	1,216,917	1,107,323	1,125,282	471,641	30,116	184,668	244,782	331,469	204,362	180,296	185,133
Bank overdraft	50,000	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	541,685	563,829	403,485	515,965	466,706	588,639	90,072	67,626	229,356	82,658	136,161	19,711	5,139	777
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	10,101	10,101	10,101	11,074	17,592	1,170	0	0	0	0	0	0	0	0
other current liabilities	391,527	229,562	268,698	106,369	123,167	508,996	428,929	0	0	0	0	0	0	5,598
total current liabilities	993,313	803,492	682,284	633,408	607,465	1,098,805	519,001	67,626	229,356	82,658	136,161	19,711	5,139	6,375
loans	112,500	212,500	250,000	0	0	0	0	0	0	0	0	0	0	176,586
hp & lease commitments	16,877	26,978	37,079	0	2,063	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	280,072	280,072	281,879	379,070	400,000	0	0	0	0	186,614	186,614	186,614	184,885	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	409,449	519,550	568,958	379,070	402,063	0	0	0	0	186,614	186,614	186,614	184,885	176,586
total liabilities	1,402,762	1,323,042	1,251,242	1,012,478	1,009,528	1,098,805	519,001	67,626	229,356	269,272	322,775	206,325	190,024	182,961
net assets	442,595	498,658	348,259	204,439	97,795	26,477	-47,360	-37,510	-44,688	-24,490	8,694	-1,963	-9,728	2,172
total shareholders funds	442,595	498,658	348,259	204,439	97,795	26,477	-47,360	-37,510	-44,688	-24,490	8,694	-1,963	-9,728	2,172

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-39,190	200,878	185,123	131,599	86,583	90,019	-10,004	8,912	-44,718	-33,223	13,965	10,425	-6,241	4,505
Depreciation	30,012	32,349	25,722	16,293	17,615	20,752	0	30	5,858	6,923	7,379	6,950	3,192	2,210
Amortisation	0	0	0	0	0	0	0	0	0	15,000	15,000	15,000	15,000	15,000
Tax	0	-35,279	-33,736	-25,015	-16,729	-17,320	0	-1,794	0	0	-3,365	-2,728	0	-2,334
Stock	285,000	193,928	22,944	61,025	26,031	257,230	89,745	-480	10,260	14,915	29,222	668	380	10,000
Debtors	-202,781	-37,791	353,846	6,000	269,417	162,010	128,420	-155,047	162,701	-75,651	123,343	31,065	10,244	13,864
Creditors	-22,144	160,344	-112,480	49,259	-121,933	498,567	22,446	-161,730	229,356	-53,503	116,450	14,572	4,362	777
Accruals and Deferred Income	161,965	-39,136	162,329	-16,798	-385,829	80,067	428,929	0	0	0	0	0	-5,598	5,598
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	48,424	163,019	-149,832	88,313	-715,741	252,845	223,206	945	17,535	-4,067	-3,136	12,486	91	1,892
Investing Activities
capital expenditure	0	-68,621	-68,131	-26,932	-5,420	-19,007	-126,609	0	-5,888	0	-106	-15,475	-6,361	-160,600
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-68,621	-68,131	-26,932	-5,420	-19,007	-126,609	0	-5,888	0	-106	-15,475	-6,361	-160,600
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	-100,000	-37,500	250,000	0	0	0	0	0	0	0	0	0	-176,586	176,586
Hire Purchase and Lease Commitments	-10,101	-10,101	36,106	-8,581	18,485	1,170	0	0	0	0	0	0	0	0
other long term liabilities	0	-1,807	-97,191	-20,930	400,000	0	0	0	0	0	0	1,729	184,885	0
share issue	0	0	0	0	1	0	1	0	1	0	0	0	0	1
interest	-16,873	-15,200	-7,567	60	1,462	1,138	153	61	29	39	57	68	-5,659	-2,499
cash flow from financing	-126,974	-64,608	181,348	-29,451	419,948	2,308	154	61	30	39	57	1,797	2,640	174,088
cash and cash equivalents
cash	-28,550	29,790	-36,615	31,930	-301,212	236,146	96,751	1,005	11,677	-4,028	-3,185	-1,192	-3,630	17,879
overdraft	50,000	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-78,550	29,790	-36,615	31,930	-301,212	236,146	96,751	1,005	11,677	-4,028	-3,185	-1,192	-3,630	17,879

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 emu 24 limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in RM12 area or any other competitors across 12 key performance metrics.

EMU 24 LIMITED group structure

Emu 24 Limited has no subsidiary companies.

Ultimate parent company

EMU 24 LIMITED

06739464

EMU 24 LIMITED Shareholders

daren james mccluskey	50%
jacqueline mccluskey	25%
paul victor woolley	25%

Emu 24 Limited currently has 1 director, Mr Daren McCluskey serving since Aug 2016.

officer	country	age	start	end	role
Mr Daren McCluskey	England	56 years	Aug 2016	-	Director

P&L

March 2023

turnover

3.4m

-10%

operating profit

-39.2k

gross margin

27.2%

+1.28%

turnover

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

Balance Sheet

March 2023

net assets

442.6k

-0.11%

total assets

1.8m

+0.01%

cash

40.9k

-0.41%

net assets

Total assets minus all liabilities

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4.5

company number

06739464

Type

Private limited with Share Capital

industry

46740 - Wholesale of hardware, plumbing and heating equipment and supplies

incorporation date

November 2008

accounts

Total Exemption Full

ultimate parent company

None

previous names

electrical mechanical utilities 24 limited (August 2016)

selectric wholesale limited (July 2016)

last accounts submitted

March 2023

address

spectrum house 2b suttons lane, hornchurch, essex, RM12 6RJ

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 3 charges/mortgages relating to emu 24 limited. Currently there are 3 open charges and 0 have been satisfied in the past.

emu 24 limited Company Information

emu 24 limited Estimated Valuation

emu 24 limited Estimated Valuation

emu 24 limited Estimated Valuation

Emu 24 Limited Overview

Emu 24 Limited Health Check

EMU 24 LIMITED financials

emu 24 limited Credit Report and Business Information

Emu 24 Limited Competitor Analysis

emu 24 limited Ownership

emu 24 limited directors

emu 24 limited company details

emu 24 limited Charges & Mortgages

emu 24 limited Companies House Filings - See Documents