Bettamix Concrete Limited

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bettamix concrete limited Company Information

Live (In Liquidation)

EstablishedSmallDeclining

Company Number

06938332

Website

www.bettamix.co.uk

Registered Address

first floor, the portal, bridgewater close, network 65, burnley, lancashire, BB11 5TT

Industry

Manufacture of ready-mixed concrete

Telephone

01617635406

Next Accounts Due

444 days late

Group Structure

View All

Directors

John Beswick14 Years

Julie Hanley5 Years

Shareholders

bettamix properties limited 100%

bettamix concrete limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of BETTAMIX CONCRETE LIMITED at £2.2m based on a Turnover of £4.2m and 0.51x industry multiple (adjusted for size and gross margin).

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Bettamix Concrete Limited is a live company located in burnley, BB11 5TT with a Companies House number of 06938332. It operates in the manufacture of ready-mixed concrete sector, SIC Code 23630. Founded in June 2009, it's largest shareholder is bettamix properties limited with a 100% stake. Bettamix Concrete Limited is a established, small sized company, Pomanda has estimated its turnover at £4.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Bettamix Concrete 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 £4.2m, make it smaller than the average company (£15.3m)

Growth

3 year (CAGR) sales growth of -21%, show it is growing at a slower rate (-1.1%)

EXPORT

Bettamix Concrete Limited's latest turnover from June 2021 is estimated at £4.2 million and the company has net assets of £475.3 thousand. According to their latest financial statements, Bettamix Concrete Limited has 36 employees and maintains cash reserves of £121.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	4,242,510	5,080,343	3,740,537	8,510,119	8,227,988	8,477,056	4,907,030	1,640,681	1,682,173	1,239,855	2,023,676	1,654,366
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,628,784	4,334,584	3,123,670	6,970,667	6,675,645	6,931,510	4,001,072	1,138,411	1,069,414	1,014,554	1,724,083	1,327,031
Gross Profit	613,726	745,759	616,867	1,539,451	1,552,343	1,545,545	905,958	502,270	612,759	225,301	299,592	327,335
Admin Expenses	625,061	841,289	560,873	1,565,607	1,630,256	1,588,202	229,092	362,295	428,906	136,446	304,847	199,416
Operating Profit	-11,335	-95,530	55,994	-26,156	-77,913	-42,657	676,866	139,975	183,853	88,855	-5,255	127,919
Interest Payable	18,743	8,957	1,045	57	32	0	0	11,504	4,764	0	0	0
Interest Receivable	159	256	5,609	4,310	1,797	2,916	1,106	0	0	268	213	83
Pre-Tax Profit	-29,919	-104,231	60,558	-21,903	-76,148	-39,741	677,971	128,471	137,195	89,124	-5,042	128,003
Tax	0	0	-11,506	0	0	0	-135,594	-30,566	-52,057	-21,390	0	-35,841
Profit After Tax	-29,919	-104,231	49,052	-21,903	-76,148	-39,741	542,377	97,905	85,138	67,734	-5,042	92,162
Dividends Paid	0	0	0	0	0	0	0	115,555	66,667	0	0	0
Retained Profit	-29,919	-104,231	49,052	-21,903	-76,148	-39,741	542,377	-17,650	18,471	67,734	-5,042	92,162
Employee Costs	1,435,226	1,407,437	1,366,321	1,587,428	1,532,025	1,210,263	606,713	272,730	254,783	190,191	341,804	245,510
Number Of Employees	36	37	37	43	43	35	18	9	8	6	11	8
EBITDA*	44,234	-52,859	184,251	145,461	75,727	353,230	676,866	242,367	241,966	133,735	41,000	176,277

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	382,693	284,841	340,117	585,244	533,334	1,260,630	583,140	361,631	218,014	171,702	162,346	152,312
Intangible Assets	87,500	98,000	108,500	119,000	129,500	130,000	140,000	150,000	160,000	170,000	180,000	190,000
Investments & Other	0	0	0	0	0	0	0	0	0	2	2	2
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	470,193	382,841	448,617	704,244	662,834	1,390,630	723,140	511,631	378,014	341,704	342,348	342,314
Stock & work in progress	7,354	34,605	22,639	218,632	381,567	212,383	200,000	0	0	0	0	0
Trade Debtors	450,076	747,457	456,231	1,233,305	642,746	1,167,897	473,255	110,511	87,084	129,125	105,068	195,768
Group Debtors	1,425,456	1,425,456	1,367,300	785,600	708,350	0	0	0	0	0	0	0
Misc Debtors	5,060	0	0	34,890	1,176,403	0	0	0	494	0	0	0
Cash	121,752	195,252	317,609	1,178,158	545,863	891,786	274,688	167,591	92,839	55,520	51,776	33,374
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,009,698	2,402,770	2,163,779	3,450,585	3,454,929	2,272,066	947,943	278,102	180,417	184,645	156,844	229,142
total assets	2,479,891	2,785,611	2,612,396	4,154,829	4,117,763	3,662,696	1,671,083	789,733	558,431	526,349	499,192	571,456
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	8,706	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	486,399	467,623	339,590	510,125	407,405	1,273,007	756,814	278,444	122,799	359,778	389,986	439,489
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	46,139	37,440	30,240	720	1,020	0	0	0	0	0	0	0
hp & lease commitments	42,750	0	8,333	102,222	182,283	0	0	46,755	21,250	0	0	0
other current liabilities	1,061,095	1,505,252	1,509,679	1,396,214	1,725,814	0	0	146,463	185,784	0	0	0
total current liabilities	1,645,089	2,010,315	1,887,842	2,009,281	2,316,522	1,273,007	756,814	471,662	329,833	359,778	389,986	439,489
loans	296,232	226,000	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	8,333	130,153	0	0	96,036	19,479	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	104,104	109,908	0	0	0	12,500	29,167
provisions	63,307	44,114	115,141	1,576,854	1,088,824	1,627,173	106,209	66,260	35,694	11,715	9,584	10,636
total long term liabilities	359,539	270,114	115,141	1,585,187	1,218,977	1,731,277	216,117	162,296	55,173	11,715	22,084	39,803
total liabilities	2,004,628	2,280,429	2,002,983	3,594,468	3,535,499	3,004,284	972,931	633,958	385,006	371,493	412,070	479,292
net assets	475,263	505,182	609,413	560,361	582,264	658,412	698,152	155,775	173,425	154,856	87,122	92,164
total shareholders funds	475,263	505,182	609,413	560,361	582,264	658,412	698,152	155,775	173,425	154,856	87,122	92,164

	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	-11,335	-95,530	55,994	-26,156	-77,913	-42,657	676,866	139,975	183,853	88,855	-5,255	127,919
Depreciation	45,069	32,171	117,757	161,117	143,140	385,887	0	92,392	48,113	34,880	36,255	38,358
Amortisation	10,500	10,500	10,500	10,500	10,500	10,000	0	10,000	10,000	10,000	10,000	10,000
Tax	0	0	-11,506	0	0	0	-135,594	-30,566	-52,057	-21,390	0	-35,841
Stock	-27,251	11,966	-195,993	-162,935	169,184	12,383	200,000	0	0	0	0	0
Debtors	-292,321	349,382	-230,264	-473,704	1,359,602	694,642	362,744	22,933	-41,547	24,057	-90,700	195,768
Creditors	18,776	128,033	-170,535	102,720	-865,602	516,193	478,370	155,645	-236,979	-30,208	-49,503	439,489
Accruals and Deferred Income	-444,157	-4,427	113,465	-329,600	1,725,814	0	-146,463	-39,321	185,784	0	0	0
Deferred Taxes & Provisions	19,193	-71,027	-1,461,713	488,030	-538,349	1,520,964	39,949	30,566	23,979	2,131	-1,052	10,636
Cash flow from operations	-42,382	-361,628	-919,781	1,043,250	-1,131,196	1,683,362	350,384	335,758	204,240	60,211	81,145	394,793
Investing Activities
capital expenditure	-142,921	23,105	127,370	-213,027	574,156	-1,063,377	-211,509	-236,009	-94,425	-44,236	-46,289	-390,670
Change in Investments	0	0	0	0	0	0	0	0	-2	0	0	2
cash flow from investments	-142,921	23,105	127,370	-213,027	574,156	-1,063,377	-211,509	-236,009	-94,423	-44,236	-46,289	-390,672
Financing Activities
Bank loans	8,706	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
Other Short Term Loans	8,699	7,200	29,520	-300	1,020	0	0	0	0	0	0	0
Long term loans	70,232	226,000	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	42,750	-8,333	-102,222	-201,881	312,436	0	-142,791	102,062	40,729	0	0	0
other long term liabilities	0	0	0	0	-104,104	-5,804	109,908	0	0	-12,500	-16,667	29,167
share issue	0	0	0	0	0	1	0	0	98	0	0	2
interest	-18,584	-8,701	4,564	4,253	1,765	2,916	1,106	-11,504	-4,764	268	213	83
cash flow from financing	111,803	216,166	-68,138	-197,928	211,117	-2,887	-31,777	90,558	36,063	-12,232	-16,454	29,252
cash and cash equivalents
cash	-73,500	-122,357	-860,549	632,295	-345,923	617,098	107,097	74,752	37,319	3,744	18,402	33,374
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-73,500	-122,357	-860,549	632,295	-345,923	617,098	107,097	74,752	37,319	3,744	18,402	33,374

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BETTAMIX CONCRETE LIMITED group structure

Bettamix Concrete Limited has no subsidiary companies.

Ultimate parent company

BETTAMIX PROPERTIES LIMITED

09814288

1 parent

BETTAMIX CONCRETE LIMITED

06938332

BETTAMIX CONCRETE LIMITED Shareholders

bettamix properties limited

100%

Bettamix Concrete Limited currently has 2 directors. The longest serving directors include Mr John Beswick (Jun 2009) and Ms Julie Hanley (Jun 2018).

officer	country	age	start	end	role
Mr John Beswick		58 years	Jun 2009	-	Director
Ms Julie Hanley		62 years	Jun 2018	-	Director

P&L

June 2021

turnover

4.2m

-16%

operating profit

-11.3k

gross margin

14.5%

-1.45%

turnover

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

Balance Sheet

June 2021

net assets

475.3k

-0.06%

total assets

2.5m

-0.11%

cash

121.8k

-0.38%

net assets

Total assets minus all liabilities

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company number

06938332

Type

Private limited with Share Capital

industry

23630 - Manufacture of ready-mixed concrete

incorporation date

June 2009

age

accounts

Total Exemption Full

ultimate parent company

BETTAMIX PROPERTIES LIMITED

previous names

N/A

incorporated

address

first floor, the portal, bridgewater close, network 65, burnley, lancashire, BB11 5TT

last accounts submitted

June 2021

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 bettamix concrete limited.

bettamix concrete limited Company Information

bettamix concrete limited Estimated Valuation

bettamix concrete limited Estimated Valuation

bettamix concrete limited Estimated Valuation

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BETTAMIX CONCRETE LIMITED financials

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