Csi Witham Limited

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SOLUTIONS

csi witham limited Company Information

Live (In Liquidation)

EstablishedSmallDeclining

Company Number

07052003

Website

www.csiems.co.uk

Registered Address

town wall house balkerne hill, colchester, essex, CO3 3AD

Industry

Manufacture of loaded electronic boards

Telephone

01376500050

Next Accounts Due

168 days late

Group Structure

View All

Directors

Andrew Mair1 Years

Michael Norman1 Years

Shareholders

challenger solutions holdings ltd 100%

csi witham limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of CSI WITHAM LIMITED at £2.4m based on Net Assets of £1.1m and 2.12x industry multiple (adjusted for liquidity).

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Csi Witham Limited is a live company located in essex, CO3 3AD with a Companies House number of 07052003. It operates in the manufacture of loaded electronic boards sector, SIC Code 26120. Founded in October 2009, it's largest shareholder is challenger solutions holdings ltd with a 100% stake. Csi Witham Limited is a established, small sized company, Pomanda has estimated its turnover at £2.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Csi Witham Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

5 Regular

5 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£11.7m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (3.4%)

EXPORT

Csi Witham Limited's latest turnover from March 2022 is estimated at £2.2 million and the company has net assets of £1.1 million. According to their latest financial statements, Csi Witham Limited has 30 employees and maintains cash reserves of £781.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	2,170,843	3,194,561	3,861,951	3,232,571	3,364,712	3,469,088	2,799,272	3,002,821	2,681,869	1,404,293	1,821,921	1,779,634
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,540,989	2,199,528	2,805,627	2,359,362	2,359,083	2,484,705	1,970,599	2,127,691	1,913,692	942,368	1,226,313	1,200,814
Gross Profit	629,854	995,033	1,056,325	873,210	1,005,628	984,383	828,673	875,130	768,177	461,925	595,608	578,820
Admin Expenses	712,923	894,188	697,297	367,153	933,355	789,875	696,027	825,188	833,212	508,859	554,843	461,517
Operating Profit	-83,069	100,845	359,028	506,057	72,273	194,508	132,646	49,942	-65,035	-46,934	40,765	117,303
Interest Payable	0	0	0	0	6,466	15,130	9,269	0	0	0	0	0
Interest Receivable	4,767	363	212	907	204	56	277	331	137	90	104	53
Pre-Tax Profit	-78,302	101,207	359,240	506,964	66,011	179,434	123,654	50,273	-64,898	-46,844	40,869	117,356
Tax	0	-19,229	-68,256	-96,323	-12,542	-35,887	-24,731	-10,557	0	0	-10,626	-32,860
Profit After Tax	-78,302	81,978	290,984	410,641	53,469	143,547	98,923	39,716	-64,898	-46,844	30,243	84,496
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-78,302	81,978	290,984	410,641	53,469	143,547	98,923	39,716	-64,898	-46,844	30,243	84,496
Employee Costs	1,000,150	1,275,350	1,282,461	1,226,088	1,310,467	1,228,366	1,149,882	831,458	733,737	337,667	475,046	492,338
Number Of Employees	30	42	42	42	44	44	42	30	27	12	18	19
EBITDA*	-56,602	149,285	420,882	560,335	118,136	234,751	150,673	66,895	-37,383	-19,681	68,018	154,848

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	32,738	53,929	102,369	151,709	120,114	165,977	162,452	20,354	24,970	41,087	68,340	95,593
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	32,738	53,929	102,369	151,709	120,114	165,977	162,452	20,354	24,970	41,087	68,340	95,593
Stock & work in progress	576,476	464,588	514,538	561,616	651,268	678,526	368,006	455,857	347,989	136,184	182,005	159,313
Trade Debtors	452,987	762,060	969,856	810,036	730,363	734,296	594,544	632,660	577,975	313,176	423,029	443,714
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	23,095	26,945	17,340	8,090	7,227	14,715	11,207	0	0	0	0	0
Cash	781,869	489,262	236,256	186,872	54,987	26,738	17,924	92,769	39,602	15,271	20,531	21,036
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,834,427	1,742,855	1,737,990	1,566,614	1,443,845	1,454,275	991,681	1,181,286	965,566	464,631	625,565	624,063
total assets	1,867,165	1,796,784	1,840,359	1,718,323	1,563,959	1,620,252	1,154,133	1,201,640	990,536	505,718	693,905	719,656
Bank overdraft	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
Trade Creditors	281,644	377,074	482,541	530,878	576,120	628,724	374,759	1,058,777	887,327	335,437	453,084	475,400
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	198,965	285,204	0	0	0	0	0
hp & lease commitments	0	0	0	20,493	29,582	28,248	26,974	0	0	0	0	0
other current liabilities	435,675	185,794	194,044	277,493	478,344	298,498	117,962	0	0	0	0	0
total current liabilities	717,319	562,868	676,585	828,864	1,084,046	1,154,435	804,899	1,058,777	887,327	335,437	453,084	475,400
loans	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	20,493	50,075	78,323	0	0	0	0	0
Accruals and Deferred Income	1,891	5,673	9,455	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	19,526	49,290
provisions	4,002	5,988	14,042	23,147	20,768	30,559	29,275	150	212	2,386	6,556	10,470
total long term liabilities	5,893	11,661	23,497	23,147	41,261	80,634	107,598	150	212	2,386	26,082	59,760
total liabilities	723,212	574,529	700,082	852,011	1,125,307	1,235,069	912,497	1,058,927	887,539	337,823	479,166	535,160
net assets	1,143,953	1,222,255	1,140,277	866,312	438,652	385,183	241,636	142,713	102,997	167,895	214,739	184,496
total shareholders funds	1,143,953	1,222,255	1,140,277	866,312	438,652	385,183	241,636	142,713	102,997	167,895	214,739	184,496

	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	-83,069	100,845	359,028	506,057	72,273	194,508	132,646	49,942	-65,035	-46,934	40,765	117,303
Depreciation	26,467	48,440	61,854	54,278	45,863	40,243	18,027	16,953	27,652	27,253	27,253	37,545
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-19,229	-68,256	-96,323	-12,542	-35,887	-24,731	-10,557	0	0	-10,626	-32,860
Stock	111,888	-49,950	-47,078	-89,652	-27,258	310,520	-87,851	107,868	211,805	-45,821	22,692	159,313
Debtors	-312,923	-198,191	169,070	80,536	-11,421	143,260	-26,909	54,685	264,799	-109,853	-20,685	443,714
Creditors	-95,430	-105,467	-48,337	-45,242	-52,604	253,965	-684,018	171,450	551,890	-117,647	-22,316	475,400
Accruals and Deferred Income	246,099	-12,032	-73,994	-200,851	179,846	180,536	117,962	0	0	0	0	0
Deferred Taxes & Provisions	-1,986	-8,054	-9,105	2,379	-9,791	1,284	29,125	-62	-2,174	-4,170	-3,914	10,470
Cash flow from operations	293,116	252,644	99,198	229,414	261,724	180,869	-296,229	65,173	35,729	14,176	29,155	4,831
Investing Activities
capital expenditure	-5,276	0	-12,514	-85,873	0	-43,768	-160,125	-12,337	-11,535	0	0	-133,138
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,276	0	-12,514	-85,873	0	-43,768	-160,125	-12,337	-11,535	0	0	-133,138
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	-198,965	-86,239	285,204	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-20,493	-29,582	-28,248	-26,974	105,297	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	-19,526	-29,764	49,290
share issue	0	0	-17,019	17,019	0	0	0	0	0	0	0	100,000
interest	4,767	363	212	907	-6,262	-15,074	-8,992	331	137	90	104	53
cash flow from financing	4,767	363	-37,300	-11,656	-233,475	-128,287	381,509	331	137	-19,436	-29,660	149,343
cash and cash equivalents
cash	292,607	253,006	49,384	131,885	28,249	8,814	-74,845	53,167	24,331	-5,260	-505	21,036
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	292,607	253,006	49,384	131,885	28,249	8,814	-74,845	53,167	24,331	-5,260	-505	21,036

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CSI WITHAM LIMITED group structure

Csi Witham Limited has no subsidiary companies.

Ultimate parent company

CHALLENGER SOLUTIONS HOLDINGS LIMITED

09055758

1 parent

CSI WITHAM LIMITED

07052003

CSI WITHAM LIMITED Shareholders

challenger solutions holdings ltd

100%

Csi Witham Limited currently has 2 directors. The longest serving directors include Mr Andrew Mair (Aug 2022) and Mr Michael Norman (Aug 2022).

officer	country	age	start	end	role
Mr Andrew Mair	England	60 years	Aug 2022	-	Director
Mr Michael Norman	England	61 years	Aug 2022	-	Director

P&L

March 2022

turnover

2.2m

-32%

operating profit

-83.1k

gross margin

29.1%

-6.85%

turnover

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

Balance Sheet

March 2022

net assets

1.1m

-0.06%

total assets

1.9m

+0.04%

cash

781.9k

+0.6%

net assets

Total assets minus all liabilities

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company number

07052003

Type

Private limited with Share Capital

industry

26120 - Manufacture of loaded electronic boards

incorporation date

October 2009

age

accounts

Total Exemption Full

ultimate parent company

CHALLENGER SOLUTIONS HOLDINGS LIMITED

previous names

csi electronic manufacturing services limited (January 2024)

incorporated

address

town wall house balkerne hill, colchester, essex, CO3 3AD

last accounts submitted

March 2022

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 2 charges/mortgages relating to csi witham limited. Currently there are 0 open charges and 2 have been satisfied in the past.

csi witham limited Company Information

csi witham limited Estimated Valuation

csi witham limited Estimated Valuation

csi witham limited Estimated Valuation

Csi Witham Limited Overview

Csi Witham Limited Health Check

CSI WITHAM LIMITED financials

csi witham limited Credit Report and Business Information

Csi Witham Limited Competitor Analysis

csi witham limited Ownership

csi witham limited directors

csi witham limited company details

csi witham limited Charges & Mortgages

csi witham limited Companies House Filings - See Documents