Clovertec Limited

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clovertec limited Company Information

Live

EstablishedMicroDeclining

Company Number

06756582

Website

www.clovertec.co.uk

Registered Address

ground floor unit e1 the chase, john tate road, hertford, hertfordshire, SG13 7NN

Industry

Computer consultancy activities

Telephone

01138873710

Next Accounts Due

December 2024

Group Structure

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Directors

Benjamin Page1 Years

Philip Waters1 Years

View All

Shareholders

grantcroft limited 100%

clovertec limited Estimated Valuation

£758.6k

Pomanda estimates the enterprise value of CLOVERTEC LIMITED at £758.6k based on Net Assets of £360.2k and 2.11x industry multiple (adjusted for liquidity).

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Clovertec Limited is a live company located in hertford, SG13 7NN with a Companies House number of 06756582. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in November 2008, it's largest shareholder is grantcroft limited with a 100% stake. Clovertec Limited is a established, micro sized company, Pomanda has estimated its turnover at £356.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Clovertec Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £356.6k, make it smaller than the average company (£876.1k)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (4.7%)

EXPORT

Clovertec Limited's latest turnover from March 2023 is estimated at £356.6 thousand and the company has net assets of £360.2 thousand. According to their latest financial statements, Clovertec Limited has 8 employees and maintains cash reserves of £111.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	356,603	616,222	584,701	536,343	548,678	539,346	495,026	543,099	460,076	405,446	323,806	250,887	203,288	129,058	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	266,617	448,077	433,766	382,423	384,675	379,786	346,200	366,173	319,036	273,437	211,155	162,311	133,511	82,990	0
Gross Profit	89,986	168,145	150,935	153,921	164,003	159,560	148,826	176,926	141,040	132,009	112,650	88,576	69,777	46,068	0
Admin Expenses	-76,911	19,253	98,268	86,582	273,920	26,663	148,744	144,518	139,058	124,843	119,820	95,276	59,649	45,769	67
Operating Profit	166,897	148,892	52,667	67,339	-109,917	132,897	82	32,408	1,982	7,166	-7,170	-6,700	10,128	299	-67
Interest Payable	139	1,564	9,239	11,343	4,125	1,283	1,027	402	0	324	324	0	0	0	0
Interest Receivable	5,152	2,059	155	179	679	326	5	0	0	0	34	74	90	118	67
Pre-Tax Profit	171,910	149,386	43,584	56,174	-113,363	131,941	-939	32,006	1,983	6,842	-7,460	-6,626	10,218	417	0
Tax	-32,663	-28,383	-8,281	-10,673	0	-25,069	0	-6,401	-396	-1,437	0	0	-2,657	-117	0
Profit After Tax	139,247	121,003	35,303	45,501	-113,363	106,872	-939	25,605	1,586	5,405	-7,460	-6,626	7,561	300	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	139,247	121,003	35,303	45,501	-113,363	106,872	-939	25,605	1,586	5,405	-7,460	-6,626	7,561	300	0
Employee Costs	421,833	646,447	645,325	563,120	642,126	702,238	681,703	746,226	115,068	114,709	108,402	109,425	53,701	50,758	0
Number Of Employees	8	13	14	13	13	13	14	13	2	2	2	2	1	1	0
EBITDA*	184,072	190,187	79,590	97,802	-76,062	150,899	18,274	46,601	9,643	16,569	4,667	-3,151	14,040	589	-67

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	64,669	81,844	118,376	82,596	117,280	67,637	60,300	73,272	26,152	28,207	35,495	12,650	11,724	867	0
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	64,669	81,844	118,376	82,596	117,280	67,637	60,300	73,272	26,152	28,207	35,495	12,650	11,724	867	0
Stock & work in progress	2,850	3,091	2,682	2,698	2,325	18,207	26,661	1,943	2,177	0	0	0	0	0	0
Trade Debtors	107,641	219,309	208,494	204,843	186,826	168,359	133,933	103,209	129,936	103,964	83,727	64,684	52,183	33,748	9,515
Group Debtors	207,219	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	65,671	97,947	22,569	14,601	1,897	9,166	2,373	9,091	0	0	0	0	0	0	0
Cash	111,061	131,382	51,623	259,210	98,237	82,754	4,209	17	66	68	10	13,602	15,875	20,144	26,886
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	494,442	451,729	285,368	481,352	289,285	278,486	167,176	114,260	132,179	104,032	83,737	78,286	68,058	53,892	36,401
total assets	559,111	533,573	403,744	563,948	406,565	346,123	227,476	187,532	158,331	132,239	119,232	90,936	79,782	54,759	36,401
Bank overdraft	0	0	0	0	0	0	0	12,854	0	0	9,969	0	0	0	0
Bank loan	0	2,709	32,499	57,299	36,500	14,000	0	0	0	0	0	0	0	0	0
Trade Creditors	73,464	85,454	68,684	45,835	69,158	56,335	67,960	42,442	127,455	100,312	59,157	55,482	35,558	24,349	6,291
Group/Directors Accounts	0	0	0	0	0	0	0	10,444	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	8,000	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	14,768	14,768	14,768	7,026	19,396	19,250	0	0	12,775	2,144	2,144	0	0
other current liabilities	107,870	212,240	167,558	147,012	156,038	119,494	76,346	49,549	0	0	0	0	0	0	0
total current liabilities	181,334	300,403	283,509	264,914	276,464	196,855	171,702	134,539	127,455	100,312	81,901	57,626	37,702	24,349	6,291
loans	0	0	2,708	210,408	67,708	4,000	12,000	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	14,768	29,537	0	6,716	26,422	0	2,637	13,446	1,965	4,109	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	17,582	12,222	17,582	9,216	13,715	12,764	11,426	0	0	0	0	0	0	0	0
total long term liabilities	17,582	12,222	20,290	234,392	110,960	16,764	30,142	26,422	0	2,637	13,446	1,965	4,109	0	0
total liabilities	198,916	312,625	303,799	499,306	387,424	213,619	201,844	160,961	127,455	102,949	95,347	59,591	41,811	24,349	6,291
net assets	360,195	220,948	99,945	64,642	19,141	132,504	25,632	26,571	30,876	29,290	23,885	31,345	37,971	30,410	30,110
total shareholders funds	360,195	220,948	99,945	64,642	19,141	132,504	25,632	26,571	30,876	29,290	23,885	31,345	37,971	30,410	30,110

	Mar 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	166,897	148,892	52,667	67,339	-109,917	132,897	82	32,408	1,982	7,166	-7,170	-6,700	10,128	299	-67
Depreciation	17,175	41,295	26,923	30,463	33,855	18,002	18,192	14,193	7,661	9,403	11,837	3,549	3,912	290	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-32,663	-28,383	-8,281	-10,673	0	-25,069	0	-6,401	-396	-1,437	0	0	-2,657	-117	0
Stock	-241	409	-16	373	-15,882	-8,454	24,718	-234	2,177	0	0	0	0	0	0
Debtors	63,275	86,193	11,619	30,721	11,198	41,219	24,006	-17,636	25,972	20,237	19,043	12,501	18,435	24,233	9,515
Creditors	-11,990	16,770	22,849	-23,323	12,823	-11,625	25,518	-85,013	27,143	41,155	3,675	19,924	11,209	18,058	6,291
Accruals and Deferred Income	-104,370	44,682	20,546	-9,026	36,544	43,148	26,797	49,549	0	0	0	0	0	0	0
Deferred Taxes & Provisions	5,360	-5,360	8,366	-4,499	951	1,338	11,426	0	0	0	0	0	0	0	0
Cash flow from operations	-22,625	131,294	111,467	19,187	-21,060	125,926	33,291	22,606	8,241	36,050	-10,701	4,272	4,157	-5,703	-3,291
Investing Activities
capital expenditure	0	-4,763	-62,703	4,221	-83,498	-25,339	-5,220	-61,313	-5,606	-2,115	-34,682	-4,475	-14,769	-1,157	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-4,763	-62,703	4,221	-83,498	-25,339	-5,220	-61,313	-5,606	-2,115	-34,682	-4,475	-14,769	-1,157	0
Financing Activities
Bank loans	-2,709	-29,790	-24,800	20,799	22,500	14,000	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-10,444	10,444	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	-8,000	8,000	0	0	0	0	0	0	0	0
Long term loans	0	-2,708	-207,700	142,700	63,708	-8,000	12,000	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-14,768	-14,768	-14,769	37,279	-19,086	-19,560	45,672	-2,637	-23,584	22,112	-2,144	6,253	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-29,910	0	0	0	0	0	0	30,110
interest	5,013	495	-9,084	-11,164	-3,446	-957	-1,022	-402	0	-324	-290	74	90	118	67
cash flow from financing	2,304	-46,771	-256,352	137,566	120,041	-22,043	-11,026	25,804	-2,637	-23,908	21,822	-2,070	6,343	118	30,177
cash and cash equivalents
cash	-20,321	79,759	-207,587	160,973	15,483	78,545	4,192	-49	-2	58	-13,592	-2,273	-4,269	-6,742	26,886
overdraft	0	0	0	0	0	0	-12,854	12,854	0	-9,969	9,969	0	0	0	0
change in cash	-20,321	79,759	-207,587	160,973	15,483	78,545	17,046	-12,903	-2	10,027	-23,561	-2,273	-4,269	-6,742	26,886

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CLOVERTEC LIMITED group structure

Clovertec Limited has no subsidiary companies.

Ultimate parent company

ROCK PAPER HOLDINGS LIMITED

13313112

GRANTCROFT LIMITED

12288133

2 parents

CLOVERTEC LIMITED

06756582

CLOVERTEC LIMITED Shareholders

grantcroft limited

100%

Clovertec Limited currently has 3 directors. The longest serving directors include Mr Benjamin Page (Dec 2022) and Mr Philip Waters (Dec 2022).

officer	country	age	start	end	role
Mr Benjamin Page	United Kingdom	45 years	Dec 2022	-	Director
Mr Philip Waters	United Kingdom	36 years	Dec 2022	-	Director
Mr Mark Bramley	United Kingdom	57 years	Dec 2022	-	Director

P&L

March 2023

turnover

356.6k

-42%

operating profit

166.9k

gross margin

25.3%

-7.52%

turnover

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

Balance Sheet

March 2023

net assets

360.2k

+0.63%

total assets

559.1k

+0.05%

cash

111.1k

-0.15%

net assets

Total assets minus all liabilities

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company number

06756582

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

November 2008

age

accounts

Audit Exemption Subsidiary

ultimate parent company

ROCK PAPER HOLDINGS LIMITED

previous names

N/A

incorporated

address

ground floor unit e1 the chase, john tate road, hertford, hertfordshire, SG13 7NN

last accounts submitted

March 2023

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 clovertec limited. Currently there are 1 open charges and 2 have been satisfied in the past.

clovertec limited Company Information

clovertec limited Estimated Valuation

clovertec limited Estimated Valuation

clovertec limited Estimated Valuation

Clovertec Limited Overview

Clovertec Limited Health Check

CLOVERTEC LIMITED financials

clovertec limited Credit Report and Business Information

Clovertec Limited Competitor Analysis

clovertec limited Ownership

clovertec limited directors

clovertec limited company details

clovertec limited Charges & Mortgages

clovertec limited Companies House Filings - See Documents