connect roads coventry limited

2.5

connect roads coventry limited Company Information

Share CONNECT ROADS COVENTRY LIMITED
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EstablishedSmallHealthy

Company Number

07284055

Registered Address

q14 quorum business park, benton lane, newcastle upon tyne, england, NE12 8BU

Industry

Other business support service activities n.e.c.

 

Telephone

02071213780

Next Accounts Due

September 2024

Group Structure

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Directors

Mark Mageean8 Years

Thomas Cunningham7 Years

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Shareholders

connect roads coventry holdings ltd 100%

connect roads coventry limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of CONNECT ROADS COVENTRY LIMITED at £1.1m based on a Turnover of £3.1m and 0.35x industry multiple (adjusted for size and gross margin).

connect roads coventry limited Estimated Valuation

£340.2k

Pomanda estimates the enterprise value of CONNECT ROADS COVENTRY LIMITED at £340.2k based on an EBITDA of £123k and a 2.77x industry multiple (adjusted for size and gross margin).

connect roads coventry limited Estimated Valuation

£0

Pomanda estimates the enterprise value of CONNECT ROADS COVENTRY LIMITED at £0 based on Net Assets of £-890k and 2.27x industry multiple (adjusted for liquidity).

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Connect Roads Coventry Limited Overview

Connect Roads Coventry Limited is a live company located in newcastle upon tyne, NE12 8BU with a Companies House number of 07284055. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2010, it's largest shareholder is connect roads coventry holdings ltd with a 100% stake. Connect Roads Coventry Limited is a established, small sized company, Pomanda has estimated its turnover at £3.1m with healthy growth in recent years.

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Connect Roads Coventry Limited Health Check

Pomanda's financial health check has awarded Connect Roads Coventry Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

1 Strong

positive_score

5 Regular

positive_score

4 Weak

size

Size

annual sales of £3.1m, make it in line with the average company (£3.8m)

£3.1m - Connect Roads Coventry Limited

£3.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3%)

11% - Connect Roads Coventry Limited

3% - Industry AVG

production

Production

with a gross margin of 8.9%, this company has a higher cost of product (38.8%)

8.9% - Connect Roads Coventry Limited

38.8% - Industry AVG

profitability

Profitability

an operating margin of 4% make it less profitable than the average company (6.3%)

4% - Connect Roads Coventry Limited

6.3% - Industry AVG

employees

Employees

with 20 employees, this is similar to the industry average (25)

20 - Connect Roads Coventry Limited

25 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Connect Roads Coventry Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £154.9k, this is equally as efficient (£157.6k)

£154.9k - Connect Roads Coventry Limited

£157.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 130 days, this is later than average (44 days)

130 days - Connect Roads Coventry Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 30 days, this is close to average (33 days)

30 days - Connect Roads Coventry Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Connect Roads Coventry Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 26 weeks, this is average cash available to meet short term requirements (24 weeks)

26 weeks - Connect Roads Coventry Limited

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 101.9%, this is a higher level of debt than the average (63.6%)

101.9% - Connect Roads Coventry Limited

63.6% - Industry AVG

CONNECT ROADS COVENTRY LIMITED financials

EXPORTms excel logo

Connect Roads Coventry Limited's latest turnover from December 2022 is £3.1 million and the company has net assets of -£890 thousand. According to their latest financial statements, we estimate that Connect Roads Coventry Limited has 20 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Turnover3,098,0002,536,0002,324,0002,248,0002,154,0002,396,0005,330,0008,392,0003,528,0005,875,0005,104,0004,232,000692,000
Other Income Or Grants0000000000000
Cost Of Sales2,822,0002,318,0002,104,0002,052,0001,980,0002,201,0003,795,0006,941,0002,764,0005,451,0004,775,0003,969,000626,000
Gross Profit276,000218,000220,000196,000174,000195,0001,535,0001,451,000764,000424,000329,000263,00066,000
Admin Expenses153,000116,000119,00099,00079,00083,00090,00083,00080,00083,00070,00072,00028,000
Operating Profit123,000102,000101,00097,00095,000112,0001,445,0001,368,000684,000341,000259,000191,00038,000
Interest Payable3,639,0003,477,0003,673,0004,775,0004,094,0004,276,0004,205,0003,538,0006,723,0002,174,0001,502,0001,004,000357,000
Interest Receivable3,775,0003,834,0003,950,0004,010,0004,097,0004,131,0003,009,0002,837,0006,422,0001,434,000765,000282,00042,000
Pre-Tax Profit259,000459,000378,000-668,00098,000-33,000249,000667,000141,000-399,000-478,000-531,000-277,000
Tax-56,000-43,000-50,000113,000-18,0005,000-151,000-111,000-21,00020,000117,000139,00075,000
Profit After Tax203,000416,000328,000-555,00080,000-28,00098,000556,000120,000-379,000-361,000-392,000-202,000
Dividends Paid0000000000000
Retained Profit203,000416,000328,000-555,00080,000-28,00098,000556,000120,000-379,000-361,000-392,000-202,000
Employee Costs0000000000000
Number Of Employees2018171615173857244035306
EBITDA*123,000102,000101,00097,00095,000112,0001,445,0001,368,000684,000341,000259,000191,00038,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Tangible Assets0000000000000
Intangible Assets0000000000000
Investments & Other473,0002,825,0003,150,0002,583,00000001,145,0000000
Debtors (Due After 1 year)42,998,00044,063,00045,657,00047,411,00048,879,00051,087,00052,876,00052,168,00045,436,00030,594,00018,996,0008,390,0002,422,000
Total Fixed Assets43,471,00046,888,00048,807,00049,994,00048,879,00051,087,00052,876,00052,168,00046,581,00030,594,00018,996,0008,390,0002,422,000
Stock & work in progress0000000000000
Trade Debtors1,110,0001,545,0000012,0001,0001,00000015,000010,000
Group Debtors0000000000000
Misc Debtors242,000189,0001,830,00060,0001,617,0001,432,000944,000882,000170,000163,000161,000148,00075,000
Cash1,464,0002,009,0001,941,0001,315,0004,411,0004,327,0003,903,0005,614,000181,000176,000180,0005,000308,000
misc current assets0001,659,000000092,0000000
total current assets2,816,0003,743,0003,771,0003,034,0006,040,0005,760,0004,848,0006,496,000443,000339,000356,000153,000393,000
total assets46,287,00050,631,00052,578,00053,028,00054,919,00056,847,00057,724,00058,664,00047,024,00030,933,00019,352,0008,543,0002,815,000
Bank overdraft0000000000000
Bank loan1,976,0002,590,0002,587,0002,391,0002,424,0001,454,0001,198,0001,108,0005,737,0000000
Trade Creditors 238,000152,000128,000131,000113,000360,000001,584,0000000
Group/Directors Accounts0000000001,486,0001,470,0001,295,000316,000
other short term finances352,000550,000265,000212,000188,00000000000
hp & lease commitments0000000000000
other current liabilities304,000303,000322,00025,000348,0001,411,0001,323,0001,434,00035,000118,000136,000227,000139,000
total current liabilities2,870,0003,595,0003,302,0002,759,0003,073,0003,225,0002,521,0002,542,0007,356,0001,604,0001,606,0001,522,000455,000
loans44,282,00055,078,00062,443,00062,818,00049,897,00051,431,00052,733,00067,296,00052,519,00030,653,00018,691,0007,605,0002,552,000
hp & lease commitments0000000000000
Accruals and Deferred Income25,00027,00029,00032,00033,00000000000
other liabilities000013,221,00015,316,00016,791,000000000
provisions0000000000000
total long term liabilities44,307,00055,105,00062,472,00062,850,00063,151,00066,747,00069,524,00067,296,00052,519,00030,653,00018,691,0007,605,0002,552,000
total liabilities47,177,00058,700,00065,774,00065,609,00066,224,00069,972,00072,045,00069,838,00059,875,00032,257,00020,297,0009,127,0003,007,000
net assets-890,000-8,069,000-13,196,000-12,581,000-11,305,000-13,125,000-14,321,000-11,174,000-12,851,000-1,324,000-945,000-584,000-192,000
total shareholders funds-890,000-8,069,000-13,196,000-12,581,000-11,305,000-13,125,000-14,321,000-11,174,000-12,851,000-1,324,000-945,000-584,000-192,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010
Operating Activities
Operating Profit123,000102,000101,00097,00095,000112,0001,445,0001,368,000684,000341,000259,000191,00038,000
Depreciation0000000000000
Amortisation0000000000000
Tax-56,000-43,000-50,000113,000-18,0005,000-151,000-111,000-21,00020,000117,000139,00075,000
Stock0000000000000
Debtors-1,447,000-1,690,00016,000-3,037,000-2,012,000-1,301,000771,0007,444,00014,849,00011,585,00010,634,0006,031,0002,507,000
Creditors86,00024,000-3,00018,000-247,000360,0000-1,584,0001,584,0000000
Accruals and Deferred Income-1,000-21,000294,000-324,000-1,030,00088,000-111,0001,399,000-83,000-18,000-91,00088,000139,000
Deferred Taxes & Provisions0000000000000
Cash flow from operations1,599,0001,752,000326,0002,941,000812,0001,866,000412,000-6,372,000-12,685,000-11,242,000-10,349,000-5,613,000-2,255,000
Investing Activities
capital expenditure0000000000000
Change in Investments-2,352,000-325,000567,0002,583,000000-1,145,0001,145,0000000
cash flow from investments2,352,000325,000-567,000-2,583,0000001,145,000-1,145,0000000
Financing Activities
Bank loans-614,0003,000196,000-33,000970,000256,00090,000-4,629,0005,737,0000000
Group/Directors Accounts00000000-1,486,00016,000175,000979,000316,000
Other Short Term Loans -198,000285,00053,00024,000188,00000000000
Long term loans-10,796,000-7,365,000-375,00012,921,000-1,534,000-1,302,000-14,563,00014,777,00021,866,00011,962,00011,086,0005,053,0002,552,000
Hire Purchase and Lease Commitments0000000000000
other long term liabilities000-13,221,000-2,095,000-1,475,00016,791,000000000
share issue6,976,0004,711,000-943,000-721,0001,740,0001,224,000-3,245,0001,121,000-11,647,00000010,000
interest136,000357,000277,000-765,0003,000-145,000-1,196,000-701,000-301,000-740,000-737,000-722,000-315,000
cash flow from financing-4,496,000-2,009,000-792,000-1,795,000-728,000-1,442,000-2,123,00010,568,00014,169,00011,238,00010,524,0005,310,0002,563,000
cash and cash equivalents
cash-545,00068,000626,000-3,096,00084,000424,000-1,711,0005,433,0005,000-4,000175,000-303,000308,000
overdraft0000000000000
change in cash-545,00068,000626,000-3,096,00084,000424,000-1,711,0005,433,0005,000-4,000175,000-303,000308,000

connect roads coventry limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Connect Roads Coventry Limited Competitor Analysis

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connect roads coventry limited Ownership

CONNECT ROADS COVENTRY LIMITED group structure

Connect Roads Coventry Limited has no subsidiary companies.

Ultimate parent company

2 parents

CONNECT ROADS COVENTRY LIMITED

07284055

CONNECT ROADS COVENTRY LIMITED Shareholders

connect roads coventry holdings ltd 100%

connect roads coventry limited directors

Connect Roads Coventry Limited currently has 4 directors. The longest serving directors include Mr Mark Mageean (Mar 2016) and Mr Thomas Cunningham (Dec 2016).

officercountryagestartendrole
Mr Mark MageeanUnited Kingdom50 years Mar 2016- Director
Mr Thomas CunninghamUnited Kingdom49 years Dec 2016- Director
Mr Deenesh GopaulUnited Kingdom50 years Jun 2017- Director
Mr Jack ScottUnited Kingdom32 years Mar 2021- Director

P&L

December 2022

turnover

3.1m

+22%

operating profit

123k

+21%

gross margin

9%

+3.64%

turnover

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

Balance Sheet

December 2022

net assets

-890k

-0.89%

total assets

46.3m

-0.09%

cash

1.5m

-0.27%

net assets

Total assets minus all liabilities

connect roads coventry limited company details

company number

07284055

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

June 2010

age

14

accounts

Full Accounts

ultimate parent company

previous names

N/A

incorporated

UK

address

q14 quorum business park, benton lane, newcastle upon tyne, england, NE12 8BU

last accounts submitted

December 2022

connect roads coventry limited Charges & Mortgages

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 connect roads coventry limited. Currently there are 1 open charges and 1 have been satisfied in the past.

charges

connect roads coventry limited Companies House Filings - See Documents

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