Cube Metal Recycling Ltd

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cube metal recycling ltd Company Information

Live

EstablishedMicroDeclining

Company Number

07175991

Next Accounts

14 days late

Industry

Collection of non-hazardous waste

Directors

Daniel Daley

Shareholders

daniel james daley

daniel daley

Group Structure

View All

Contact

Registered Address

unit a, highfield industrial estate, folkestone, kent, CT19 6DD

Website

www.cubemetalrecycling.co.uk

cube metal recycling ltd Estimated Valuation

£236.9k

Pomanda estimates the enterprise value of CUBE METAL RECYCLING LTD at £236.9k based on a Turnover of £424.2k and 0.56x industry multiple (adjusted for size and gross margin).

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Cube Metal Recycling Ltd is a live company located in folkestone, CT19 6DD with a Companies House number of 07175991. It operates in the collection of non-hazardous waste sector, SIC Code 38110. Founded in March 2010, it's largest shareholder is daniel james daley with a 95.2% stake. Cube Metal Recycling Ltd is a established, micro sized company, Pomanda has estimated its turnover at £424.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Cube Metal Recycling Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £424.2k, make it smaller than the average company (£14.3m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (7.5%)

EXPORT

Cube Metal Recycling Ltd's latest turnover from March 2023 is estimated at £424.2 thousand and the company has net assets of £14.6 thousand. According to their latest financial statements, Cube Metal Recycling Ltd has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	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	424,164	610,081	662,162	516,443	533,732	490,401	387,194	330,264	320,807	331,165	327,371	214,158	43,485
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	360,791	519,918	569,396	445,115	459,894	415,240	330,288	283,301	278,357	290,852	282,621	182,087	35,736
Gross Profit	63,373	90,163	92,767	71,328	73,838	75,161	56,906	46,962	42,450	40,313	44,750	32,071	7,749
Admin Expenses	111,120	90,022	79,981	71,276	71,758	74,346	55,141	20,279	38,574	22,448	34,688	30,782	5,892
Operating Profit	-47,747	141	12,786	52	2,080	815	1,765	26,683	3,876	17,865	10,062	1,289	1,857
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	0	0	0	2	5	3
Pre-Tax Profit	-47,747	141	12,786	52	2,080	815	1,765	26,683	3,876	17,865	10,063	1,293	1,860
Tax	0	-27	-2,429	-10	-395	-155	-353	-5,336	-814	-4,109	-2,415	-336	-521
Profit After Tax	-47,747	114	10,357	42	1,685	660	1,412	21,346	3,062	13,756	7,648	957	1,339
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-47,747	114	10,357	42	1,685	660	1,412	21,346	3,062	13,756	7,648	957	1,339
Employee Costs	144,978	315,170	326,331	316,245	309,154	92,318	59,189	58,800	58,312	58,568	57,298	55,670	27,465
Number Of Employees	4	9	10	10	10	3	2	2	2	2	2	2	1
EBITDA*	-47,747	141	12,786	52	2,080	815	1,765	29,872	12,383	27,442	19,806	13,855	3,758

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	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	13,594	14,974	12,565	16,753	22,337	16,717	22,289	22,334	25,523	28,732	29,234	37,698	5,705
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	13,594	14,974	12,565	16,753	22,337	16,717	22,289	22,334	25,523	28,732	29,234	37,698	5,705
Stock & work in progress	0	0	0	0	0	0	105,000	75,000	65,000	65,000	66,500	36,500	0
Trade Debtors	98,134	153,468	163,374	100,263	104,310	118,216	10,502	8,250	1,250	7,949	1,250	1,250	7,028
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	0	0	0	613	1,256
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	98,134	153,468	163,374	100,263	104,310	118,216	115,502	83,250	66,250	72,949	67,750	38,363	8,284
total assets	111,728	168,442	175,939	117,016	126,647	134,933	137,791	105,584	91,773	101,681	96,984	76,061	13,989
Bank overdraft	0	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	0
Trade Creditors	75,430	74,397	73,675	63,035	58,392	56,973	49,101	57,371	64,906	77,876	86,935	73,665	12,550
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	75,430	74,397	73,675	63,035	58,392	56,973	49,101	57,371	64,906	77,876	86,935	73,665	12,550
loans	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	21,667	31,667	40,000	2,074	16,390	27,780	39,170	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	21,667	31,667	40,000	2,074	16,390	27,780	39,170	0	0	0	0	0	0
total liabilities	97,097	106,064	113,675	65,109	74,782	84,753	88,271	57,371	64,906	77,876	86,935	73,665	12,550
net assets	14,631	62,378	62,264	51,907	51,865	50,180	49,520	48,213	26,867	23,805	10,049	2,396	1,439
total shareholders funds	14,631	62,378	62,264	51,907	51,865	50,180	49,520	48,213	26,867	23,805	10,049	2,396	1,439

	Mar 2023	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	-47,747	141	12,786	52	2,080	815	1,765	26,683	3,876	17,865	10,062	1,289	1,857
Depreciation	0	0	0	0	0	0	0	3,189	8,507	9,577	9,744	12,566	1,901
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-27	-2,429	-10	-395	-155	-353	-5,336	-814	-4,109	-2,415	-336	-521
Stock	0	0	0	0	0	-105,000	30,000	10,000	0	-1,500	30,000	36,500	0
Debtors	-55,334	-9,906	63,111	-4,047	-13,906	107,714	2,252	7,000	-6,699	6,699	0	-5,778	7,028
Creditors	1,033	722	10,640	4,643	1,419	7,872	-8,270	-7,535	-12,970	-9,059	13,270	61,115	12,550
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	8,620	10,742	-42,114	8,732	17,010	5,818	-39,110	1	5,298	9,075	661	43,912	8,759
Investing Activities
capital expenditure	1,380	-2,409	4,188	5,584	-5,620	5,572	45	0	-5,298	-9,075	-1,280	-44,559	-7,606
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,380	-2,409	4,188	5,584	-5,620	5,572	45	0	-5,298	-9,075	-1,280	-44,559	-7,606
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-10,000	-8,333	37,926	-14,316	-11,390	-11,390	39,170	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-105	0	0	0	5	0	100
interest	0	0	0	0	0	0	0	0	0	0	2	5	3
cash flow from financing	-10,000	-8,333	37,926	-14,316	-11,390	-11,390	39,065	0	0	0	7	5	103
cash and cash equivalents
cash	0	0	0	0	0	0	0	0	0	0	-613	-643	1,256
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	0	0	0	-613	-643	1,256

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for cube metal recycling ltd by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other micro companies, companies in CT19 area or any other competitors across 12 key performance metrics.

CUBE METAL RECYCLING LTD group structure

Cube Metal Recycling Ltd has no subsidiary companies.

Ultimate parent company

CUBE METAL RECYCLING LTD

07175991

CUBE METAL RECYCLING LTD Shareholders

daniel james daley	95.24%
daniel daley	4.76%

Cube Metal Recycling Ltd currently has 1 director, Mr Daniel Daley serving since Mar 2010.

officer	country	age	start	end	role
Mr Daniel Daley	United Kingdom	55 years	Mar 2010	-	Director

P&L

March 2023

turnover

424.2k

-30%

operating profit

-47.7k

gross margin

15%

+1.09%

turnover

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

Balance Sheet

March 2023

net assets

14.6k

-0.77%

total assets

111.7k

-0.34%

cash

net assets

Total assets minus all liabilities

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company number

07175991

Type

Private limited with Share Capital

industry

38110 - Collection of non-hazardous waste

incorporation date

March 2010

ultimate parent company

None

previous names

N/A

address

unit a, highfield industrial estate, folkestone, kent, CT19 6DD

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cube metal recycling ltd Company Information

cube metal recycling ltd Estimated Valuation

cube metal recycling ltd Estimated Valuation

cube metal recycling ltd Estimated Valuation

Cube Metal Recycling Ltd Overview

Cube Metal Recycling Ltd Health Check

CUBE METAL RECYCLING LTD financials

cube metal recycling ltd Credit Report and Business Information

Cube Metal Recycling Ltd Competitor Analysis

cube metal recycling ltd Ownership

cube metal recycling ltd directors

cube metal recycling ltd company details

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