Advance Shutters Limited

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advance shutters limited Company Information

Live

EstablishedMicroDeclining

Company Number

06741886

Website

www.advanceshutters.co.uk

Registered Address

the barn 98 ashley lane, hordle, lymington, SO41 0GA

Industry

Other manufacturing n.e.c.

Telephone

01425618636

Next Accounts Due

January 2025

Group Structure

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Directors

Warren Berthiaume15 Years

Nicola Berthiaume15 Years

Shareholders

warren joseph berthiaume 46.2%

nicola suzanne berthiaume 46.2%

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advance shutters limited Estimated Valuation

£151.1k

Pomanda estimates the enterprise value of ADVANCE SHUTTERS LIMITED at £151.1k based on a Turnover of £262k and 0.58x industry multiple (adjusted for size and gross margin).

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Advance Shutters Limited is a live company located in lymington, SO41 0GA with a Companies House number of 06741886. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in November 2008, it's largest shareholder is warren joseph berthiaume with a 46.2% stake. Advance Shutters Limited is a established, micro sized company, Pomanda has estimated its turnover at £262k with declining growth in recent years.

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Pomanda's financial health check has awarded Advance Shutters Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £262k, make it smaller than the average company (£13.4m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (4.4%)

EXPORT

Advance Shutters Limited's latest turnover from April 2023 is estimated at £262 thousand and the company has net assets of £78.4 thousand. According to their latest financial statements, Advance Shutters Limited has 4 employees and maintains cash reserves of £21.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	262,034	245,550	250,210	336,088	437,812	438,969	345,003	339,538	326,802	181,524	280,572	226,752	336,802	265,827
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	185,056	171,691	179,490	237,504	305,360	305,361	234,605	230,512	224,109	123,567	190,880	153,383	227,966	178,041
Gross Profit	76,977	73,859	70,719	98,584	132,452	133,608	110,398	109,026	102,693	57,957	89,692	73,369	108,836	87,786
Admin Expenses	95,165	55,644	66,040	95,922	132,337	68,605	74,043	146,261	94,577	49,734	55,443	36,554	134,344	85,687
Operating Profit	-18,188	18,215	4,679	2,662	115	65,003	36,355	-37,235	8,116	8,223	34,249	36,815	-25,508	2,099
Interest Payable	3,983	2,166	1,122	427	1,131	941	1,871	1,640	0	0	0	0	2,049	2,049
Interest Receivable	1,071	159	13	16	273	159	17	39	64	50	26	25	22	3
Pre-Tax Profit	-21,100	16,207	3,570	2,252	-744	64,221	34,500	-38,836	8,180	8,273	34,275	36,841	-27,535	53
Tax	0	-3,079	-678	-428	0	-12,202	-6,555	0	-1,636	-1,737	-7,883	-8,842	0	-15
Profit After Tax	-21,100	13,128	2,892	1,824	-744	52,019	27,945	-38,836	6,544	6,536	26,392	27,999	-27,535	38
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-21,100	13,128	2,892	1,824	-744	52,019	27,945	-38,836	6,544	6,536	26,392	27,999	-27,535	38
Employee Costs	161,708	153,750	146,580	255,099	360,593	385,030	234,500	233,107	98,003	63,201	93,471	62,605	91,694	87,966
Number Of Employees	4	4	4	7	10	11	7	7	3	2	3	2	3	3
EBITDA*	7,525	41,373	16,553	12,320	14,664	75,392	45,653	-27,388	16,108	25,505	56,246	59,794	-1,144	31,886

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	91,898	82,616	105,774	45,954	58,097	70,116	52,872	42,528	36,969	58,829	72,974	76,216	84,107	103,601
Intangible Assets	0	0	0	0	0	0	0	0	0	10,000	12,000	14,000	16,000	18,000
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	91,898	82,616	105,774	45,954	58,097	70,116	52,872	42,528	36,969	68,829	84,974	90,216	100,107	121,601
Stock & work in progress	49,886	46,596	42,901	46,676	57,606	51,723	53,806	67,459	66,788	49,632	38,936	38,217	44,463	50,895
Trade Debtors	18,273	21,009	19,001	13,496	8,570	3,722	21,377	9,969	33,355	4,349	31,671	8,217	9,213	17,366
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	22	9,408	9,711	1,486	931	2,491	790	0	0	0	0	0	0
Cash	21,919	28,498	13,915	12,371	20,454	52,217	11,270	2,052	13,470	12,084	8,109	2,233	7,898	1,017
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	90,078	96,125	85,225	82,254	88,116	108,593	88,944	80,270	113,613	66,065	78,716	48,667	61,574	69,278
total assets	181,976	178,741	190,999	128,208	146,213	178,709	141,816	122,798	150,582	134,894	163,690	138,883	161,681	190,879
Bank overdraft	9,604	8,269	7,860	0	13,993	19,529	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	9,806	5,151	24,339	7,976	4,875	10,295	16,369	18,028	96,085	72,169	94,048	105,748	175,770	101,922
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	9,424	14,757	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	4,500	5,999	0	0	0	0	0	0	0	0
other current liabilities	21,833	29,326	11,822	18,261	23,881	41,225	61,564	45,970	0	0	0	0	0	0
total current liabilities	41,243	42,746	44,021	26,237	47,249	77,048	87,357	78,755	96,085	72,169	94,048	105,748	175,770	101,922
loans	40,700	19,149	28,911	0	0	0	0	35,698	0	0	0	0	0	63,051
hp & lease commitments	0	0	0	0	0	4,500	10,499	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	8,042	4,116	14,065	12,227	8,736	3,906	6,000	0	8,428	18,828	29,451	31,333	12,108	24,568
provisions	13,589	13,228	17,628	6,262	8,570	10,853	7,577	5,907	4,795	9,167	11,997	0	0	0
total long term liabilities	62,331	36,493	60,604	18,489	17,306	19,259	24,076	41,605	13,223	27,995	41,448	31,333	12,108	87,619
total liabilities	103,574	79,239	104,625	44,726	64,555	96,307	111,433	120,360	109,308	100,164	135,496	137,081	187,878	189,541
net assets	78,402	99,502	86,374	83,482	81,658	82,402	30,383	2,438	41,274	34,730	28,194	1,802	-26,197	1,338
total shareholders funds	78,402	99,502	86,374	83,482	81,658	82,402	30,383	2,438	41,274	34,730	28,194	1,802	-26,197	1,338

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-18,188	18,215	4,679	2,662	115	65,003	36,355	-37,235	8,116	8,223	34,249	36,815	-25,508	2,099
Depreciation	25,713	23,158	11,874	9,658	14,549	10,389	9,298	9,847	7,992	15,282	19,997	20,979	22,364	29,787
Amortisation	0	0	0	0	0	0	0	0	0	2,000	2,000	2,000	2,000	0
Tax	0	-3,079	-678	-428	0	-12,202	-6,555	0	-1,636	-1,737	-7,883	-8,842	0	-15
Stock	3,290	3,695	-3,775	-10,930	5,883	-2,083	-13,653	671	17,156	10,696	719	-6,246	-6,432	50,895
Debtors	-2,758	-7,378	5,202	13,151	5,403	-19,215	13,109	-22,596	29,006	-27,322	23,454	-996	-8,153	17,366
Creditors	4,655	-19,188	16,363	3,101	-5,420	-6,074	-1,659	-78,057	23,916	-21,879	-11,700	-70,022	73,848	101,922
Accruals and Deferred Income	-7,493	17,504	-6,439	-5,620	-17,344	-20,339	15,594	45,970	0	0	0	0	0	0
Deferred Taxes & Provisions	361	-4,400	11,366	-2,308	-2,283	3,276	1,670	1,112	-4,372	-2,830	11,997	0	0	0
Cash flow from operations	4,516	35,893	35,738	4,844	-21,669	61,351	55,247	-36,438	-12,146	15,685	24,487	-11,828	87,289	65,532
Investing Activities
capital expenditure	-34,995	0	-71,694	2,485	-2,530	-27,633	-19,642	-15,406	23,868	-1,137	-16,755	-13,088	-2,870	-151,388
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-34,995	0	-71,694	2,485	-2,530	-27,633	-19,642	-15,406	23,868	-1,137	-16,755	-13,088	-2,870	-151,388
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	-9,424	-5,333	14,757	0	0	0	0	0	0
Long term loans	21,551	-9,762	28,911	0	0	0	-35,698	35,698	0	0	0	0	-63,051	63,051
Hire Purchase and Lease Commitments	0	0	0	-4,500	-5,999	0	10,499	0	0	0	0	0	0	0
other long term liabilities	3,926	-9,949	1,838	3,491	4,830	-2,094	6,000	-8,428	-10,400	-10,623	-1,882	19,225	-12,460	24,568
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,300
interest	-2,912	-2,007	-1,109	-411	-858	-782	-1,854	-1,601	64	50	26	25	-2,027	-2,046
cash flow from financing	22,565	-21,718	29,640	-1,420	-2,027	-12,300	-26,386	40,426	-10,336	-10,573	-1,856	19,250	-77,538	86,873
cash and cash equivalents
cash	-6,579	14,583	1,544	-8,083	-31,763	40,947	9,218	-11,418	1,386	3,975	5,876	-5,665	6,881	1,017
overdraft	1,335	409	7,860	-13,993	-5,536	19,529	0	0	0	0	0	0	0	0
change in cash	-7,914	14,174	-6,316	5,910	-26,227	21,418	9,218	-11,418	1,386	3,975	5,876	-5,665	6,881	1,017

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ADVANCE SHUTTERS LIMITED group structure

Advance Shutters Limited has no subsidiary companies.

Ultimate parent company

ADVANCE SHUTTERS LIMITED

06741886

ADVANCE SHUTTERS LIMITED Shareholders

warren joseph berthiaume	46.15%
nicola suzanne berthiaume	46.15%
trustee of sebastian james berthiaume	7.69%

Advance Shutters Limited currently has 2 directors. The longest serving directors include Mr Warren Berthiaume (Nov 2008) and Ms Nicola Berthiaume (Nov 2008).

officer	country	age	start	end	role
Mr Warren Berthiaume	England	58 years	Nov 2008	-	Director
Ms Nicola Berthiaume		58 years	Nov 2008	-	Director

P&L

April 2023

turnover

262k

+7%

operating profit

-18.2k

gross margin

29.4%

-2.33%

turnover

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

Balance Sheet

April 2023

net assets

78.4k

-0.21%

total assets

182k

+0.02%

cash

21.9k

-0.23%

net assets

Total assets minus all liabilities

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company number

06741886

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

November 2008

ultimate parent company

None

previous names

N/A

address

the barn 98 ashley lane, hordle, lymington, SO41 0GA

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 advance shutters limited.

advance shutters limited Company Information

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advance shutters limited Estimated Valuation

advance shutters limited Estimated Valuation

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