Flush Contracting Limited

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flush contracting limited Company Information

Live (In Liquidation)

EstablishedMicroDeclining

Company Number

07134100

Website

http://flushgroup.co.uk

Registered Address

1066 london road, leigh on sea, essex, SS9 3NA

Industry

Development of building projects

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

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Telephone

Next Accounts Due

2179 days late

Group Structure

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Directors

Grant Lodge13 Years

Shareholders

grant michael lodge 100%

flush contracting limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of FLUSH CONTRACTING LIMITED at £1.5m based on an EBITDA of £270.5k and a 5.55x industry multiple (adjusted for size and gross margin).

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Flush Contracting Limited is a live company located in essex, SS9 3NA with a Companies House number of 07134100. It operates in the development of building projects sector, SIC Code 41100. Founded in January 2010, it's largest shareholder is grant michael lodge with a 100% stake. Flush Contracting Limited is a established, micro sized company, Pomanda has estimated its turnover at £458.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Flush Contracting Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £458.3k, make it smaller than the average company (£837.7k)

Growth

3 year (CAGR) sales growth of -35%, show it is growing at a slower rate (3.8%)

EXPORT

Flush Contracting Limited's latest turnover from December 2016 is estimated at £458.3 thousand and the company has net assets of £488.7 thousand. According to their latest financial statements, Flush Contracting Limited has 4 employees and maintains cash reserves of £76.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Turnover	458,257	236,188	2,830,513	1,707,225	956,838	312,276
Other Income Or Grants	0	0	0	0	0	0
Cost Of Sales	197,866	106,395	1,382,162	840,552	465,189	150,947
Gross Profit	260,391	129,793	1,448,351	866,673	491,649	161,329
Admin Expenses	7,361	86,982	1,301,272	732,202	476,802	131,222
Operating Profit	253,030	42,811	147,079	134,471	14,847	30,107
Interest Payable	2,129	991	0	0	0	0
Interest Receivable	426	800	141	15	16	2
Pre-Tax Profit	251,326	42,620	147,220	134,486	14,863	30,109
Tax	-50,265	-8,524	-30,916	-30,932	-3,567	-7,828
Profit After Tax	201,061	34,096	116,304	103,554	11,296	22,281
Dividends Paid	0	0	0	0	0	0
Retained Profit	201,061	34,096	116,304	103,554	11,296	22,281
Employee Costs	141,622	70,765	437,069	259,096	155,939	61,976
Number Of Employees	4	2	13	8	5	2
EBITDA*	270,478	53,698	156,260	143,201	15,537	30,459

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Tangible Assets	49,460	31,135	25,313	24,767	1,399	716
Intangible Assets	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0
Total Fixed Assets	49,460	31,135	25,313	24,767	1,399	716
Stock & work in progress	360,554	161,784	254,705	461,824	835,120	226,570
Trade Debtors	2,441	27,774	361,960	149,650	2,456	8,364
Group Debtors	0	0	0	0	0	0
Misc Debtors	492,607	126,903	0	0	0	0
Cash	76,529	264,151	55,978	485	5,580	987
misc current assets	0	0	0	0	0	0
total current assets	932,131	580,612	672,643	611,959	843,156	235,921
total assets	981,591	611,747	697,956	636,726	844,555	236,637
Bank overdraft	37,634	30,500	0	0	0	0
Bank loan	0	0	0	0	0	0
Trade Creditors	209,778	44,346	441,974	488,272	538,317	164,113
Group/Directors Accounts	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0
hp & lease commitments	9,421	4,722	0	0	0	0
other current liabilities	212,449	232,211	0	0	0	0
total current liabilities	469,282	311,779	441,974	488,272	538,317	164,113
loans	0	0	0	0	0	0
hp & lease commitments	16,807	9,868	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0
other liabilities	0	0	1,968	10,480	272,281	50,000
provisions	6,810	2,469	479	743	280	143
total long term liabilities	23,617	12,337	2,447	11,223	272,561	50,143
total liabilities	492,899	324,116	444,421	499,495	810,878	214,256
net assets	488,692	287,631	253,535	137,231	33,677	22,381
total shareholders funds	488,692	287,631	253,535	137,231	33,677	22,381

	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Jan 2011
Operating Activities
Operating Profit	253,030	42,811	147,079	134,471	14,847	30,107	0
Depreciation	17,448	10,887	9,181	8,730	690	352	0
Amortisation	0	0	0	0	0	0	0
Tax	-50,265	-8,524	-30,916	-30,932	-3,567	-7,828	0
Stock	198,770	-92,921	-207,119	-373,296	608,550	226,570	0
Debtors	340,371	-207,283	212,310	147,194	-5,908	8,364	0
Creditors	165,432	-397,628	-46,298	-50,045	374,204	164,113	0
Accruals and Deferred Income	-19,762	232,211	0	0	0	0	0
Deferred Taxes & Provisions	4,341	1,990	-264	463	137	143	0
Cash flow from operations	-168,917	181,951	73,591	288,789	-216,331	-48,047	0
Investing Activities
capital expenditure	-35,773	-16,709	-9,727	-32,098	-1,373	-1,068	0
Change in Investments	0	0	0	0	0	0	0
cash flow from investments	-35,773	-16,709	-9,727	-32,098	-1,373	-1,068	0
Financing Activities
Bank loans	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	11,638	14,590	0	0	0	0	0
other long term liabilities	0	-1,968	-8,512	-261,801	222,281	50,000	0
share issue	0	0	0	0	0	100	0
interest	-1,703	-191	141	15	16	2	0
cash flow from financing	9,935	12,431	-8,371	-261,786	222,297	50,102	0
cash and cash equivalents
cash	-187,622	208,173	55,493	-5,095	4,593	987	0
overdraft	7,134	30,500	0	0	0	0	0
change in cash	-194,756	177,673	55,493	-5,095	4,593	987	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FLUSH CONTRACTING LIMITED group structure

Flush Contracting Limited has no subsidiary companies.

Ultimate parent company

FLUSH CONTRACTING LIMITED

07134100

FLUSH CONTRACTING LIMITED Shareholders

grant michael lodge

100%

Flush Contracting Limited currently has 1 director, Mr Grant Lodge serving since May 2011.

officer	country	age	start	end	role
Mr Grant Lodge	United Kingdom	59 years	May 2011	-	Director

P&L

December 2016

turnover

458.3k

+94%

operating profit

253k

gross margin

56.9%

+3.4%

turnover

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

Balance Sheet

December 2016

net assets

488.7k

+0.7%

total assets

981.6k

+0.6%

cash

76.5k

-0.71%

net assets

Total assets minus all liabilities

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company number

07134100

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

41100 - Development of building projects

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

January 2010

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2016

address

1066 london road, leigh on sea, essex, SS9 3NA

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 9 charges/mortgages relating to flush contracting limited. Currently there are 2 open charges and 7 have been satisfied in the past.

flush contracting limited Company Information

flush contracting limited Estimated Valuation

flush contracting limited Estimated Valuation

flush contracting limited Estimated Valuation

Flush Contracting Limited Overview

Flush Contracting Limited Health Check

FLUSH CONTRACTING LIMITED financials

flush contracting limited Credit Report and Business Information

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