Code Serve Limited

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code serve limited Company Information

Live

EstablishedMidHealthy

Company Number

07291604

Website

www.codeserve.co.uk

Registered Address

1 tir-y-cwm road, risca, newport, gwent, NP11 6DL

Industry

Manufacture of metal structures and parts of structures

Telephone

Next Accounts Due

March 2025

Group Structure

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Directors

Daniel Dark13 Years

Shareholders

daniel dark 100%

code serve limited Estimated Valuation

£4.4m

Pomanda estimates the enterprise value of CODE SERVE LIMITED at £4.4m based on a Turnover of £7m and 0.63x industry multiple (adjusted for size and gross margin).

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Code Serve Limited is a live company located in newport, NP11 6DL with a Companies House number of 07291604. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in June 2010, it's largest shareholder is daniel dark with a 100% stake. Code Serve Limited is a established, mid sized company, Pomanda has estimated its turnover at £7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Code Serve Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £7m, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (7.7%)

EXPORT

Code Serve Limited's latest turnover from June 2023 is estimated at £7 million and the company has net assets of £1.7 million. According to their latest financial statements, Code Serve Limited has 58 employees and maintains cash reserves of £11.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012
Turnover	7,002,837	6,294,243	7,416,893	5,073,344	4,997,898	5,631,619	3,811,189	2,193,550	3,694,877	522,706	865,661	495,316
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,317,654	4,740,487	5,698,815	3,815,822	3,692,706	4,144,369	2,750,617	1,583,170	2,689,078	385,453	639,121	363,836
Gross Profit	1,685,183	1,553,756	1,718,078	1,257,522	1,305,192	1,487,249	1,060,572	610,380	1,005,799	137,253	226,540	131,480
Admin Expenses	1,446,971	1,167,454	1,361,948	783,704	1,219,531	1,271,139	957,955	436,262	921,976	139,144	117,256	-10,549
Operating Profit	238,212	386,302	356,130	473,818	85,661	216,110	102,617	174,118	83,823	-1,891	109,284	142,029
Interest Payable	0	0	30,671	62,999	76,386	69,671	29,918	552	0	0	0	0
Interest Receivable	1,224	250	6	16	160	57	60	354	350	112	0	0
Pre-Tax Profit	239,436	386,552	325,465	410,835	9,435	146,496	72,759	173,920	84,173	-1,779	109,284	142,029
Tax	-59,859	-73,445	-61,838	-78,059	-1,793	-27,834	-13,824	-34,784	-16,834	0	-25,135	-34,087
Profit After Tax	179,577	313,107	263,627	332,776	7,642	118,662	58,935	139,136	67,338	-1,779	84,149	107,942
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	179,577	313,107	263,627	332,776	7,642	118,662	58,935	139,136	67,338	-1,779	84,149	107,942
Employee Costs	2,413,610	2,235,840	2,112,507	1,875,291	1,639,935	1,774,506	1,195,303	610,345	984,980	164,653	228,843	128,014
Number Of Employees	58	58	58	50	44	50	34	18	29	5	7	4
EBITDA*	337,640	482,643	435,605	566,183	85,661	360,578	249,501	248,344	89,192	9,630	113,050	145,921

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012
Tangible Assets	1,089,322	1,055,417	1,148,827	1,068,302	877,667	957,408	973,446	295,963	205,087	52,402	31,361	7,783
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	1	1
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,089,322	1,055,417	1,148,827	1,068,302	877,667	957,408	973,446	295,963	205,087	52,402	31,362	7,784
Stock & work in progress	945,000	645,000	945,000	945,000	670,000	470,000	460,000	200,000	0	0	0	0
Trade Debtors	1,119,332	1,221,506	1,273,855	879,932	1,135,538	1,513,185	885,407	576,123	752,089	143,189	160,730	140,869
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	33,706	152,699	0	0	0	0	0	0	0	0
Cash	11,067	37,884	2,084	10,736	21,265	21,314	1,535	46,588	94,923	44,953	0	0
misc current assets	0	0	0	0	78,873	65,331	110,521	100,420	0	0	0	0
total current assets	2,075,399	1,904,390	2,254,645	1,988,367	1,908,761	2,069,830	1,457,463	923,131	847,012	188,142	160,730	140,869
total assets	3,164,721	2,959,807	3,403,472	3,056,669	2,786,428	3,027,238	2,430,909	1,219,094	1,052,099	240,544	192,092	148,653
Bank overdraft	0	0	0	550,010	251,732	311,315	229,100	14,453	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,156,363	1,091,464	1,806,610	436,724	579,509	592,418	503,304	275,176	747,970	50,231	0	40,710
Group/Directors Accounts	0	0	0	0	14,304	87,479	91,786	127,057	0	0	0	0
other short term finances	0	0	0	0	454,947	506,848	222,572	2,523	0	0	0	0
hp & lease commitments	0	0	0	53,893	53,893	53,893	65,429	38,098	0	0	0	0
other current liabilities	48,861	32,417	0	645,656	356,722	403,652	351,584	341,956	0	0	0	0
total current liabilities	1,205,224	1,123,881	1,806,610	1,686,283	1,711,107	1,955,605	1,463,775	799,263	747,970	50,231	0	40,710
loans	0	0	0	455,584	353,284	385,162	488,731	0	0	0	0	0
hp & lease commitments	0	0	0	0	140,011	112,087	22,681	23,044	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	288,384	344,390	418,433	0	0	0	0	0	46,478	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	288,384	344,390	418,433	455,584	493,295	497,249	511,412	23,044	46,478	0	0	0
total liabilities	1,493,608	1,468,271	2,225,043	2,141,867	2,204,402	2,452,854	1,975,187	822,307	794,448	50,231	0	40,710
net assets	1,671,113	1,491,536	1,178,429	914,802	582,026	574,384	455,722	396,787	257,651	190,313	192,092	107,943
total shareholders funds	1,671,113	1,491,536	1,178,429	914,802	582,026	574,384	455,722	396,787	257,651	190,313	192,092	107,943

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Operating Activities
Operating Profit	238,212	386,302	356,130	473,818	85,661	216,110	102,617	174,118	83,823	-1,891	109,284	142,029	0
Depreciation	99,428	96,341	79,475	92,365	0	144,468	146,884	74,226	5,369	11,521	3,766	3,892	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-59,859	-73,445	-61,838	-78,059	-1,793	-27,834	-13,824	-34,784	-16,834	0	-25,135	-34,087	0
Stock	300,000	-300,000	0	275,000	200,000	10,000	260,000	200,000	0	0	0	0	0
Debtors	-102,174	-86,055	274,930	-102,907	-377,647	627,778	309,284	-175,966	608,900	-17,541	19,861	140,869	0
Creditors	64,899	-715,146	1,369,886	-142,785	-12,909	89,114	228,128	-472,794	697,739	50,231	-40,710	40,710	0
Accruals and Deferred Income	16,444	32,417	-645,656	288,934	-46,930	52,068	9,628	341,956	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	161,298	112,524	823,067	462,180	201,676	-163,852	-95,851	58,688	161,197	77,402	27,344	11,675	0
Investing Activities
capital expenditure	-133,333	-2,931	-160,000	-283,000	79,741	-128,430	-824,367	-165,102	-158,054	-32,562	-27,344	-11,675	0
Change in Investments	0	0	0	0	0	0	0	0	0	-1	0	1	0
cash flow from investments	-133,333	-2,931	-160,000	-283,000	79,741	-128,430	-824,367	-165,102	-158,054	-32,561	-27,344	-11,676	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-14,304	-73,175	-4,307	-35,271	127,057	0	0	0	0	0
Other Short Term Loans	0	0	0	-454,947	-51,901	284,276	220,049	2,523	0	0	0	0	0
Long term loans	0	0	-455,584	102,300	-31,878	-103,569	488,731	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-53,893	-140,011	27,924	77,870	26,968	61,142	0	0	0	0	0
other long term liabilities	-56,006	-74,043	418,433	0	0	0	0	-46,478	46,478	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	1	0
interest	1,224	250	-30,665	-62,983	-76,226	-69,614	-29,858	-198	350	112	0	0	0
cash flow from financing	-54,782	-73,793	-121,709	-569,945	-205,256	184,656	670,619	144,046	46,828	112	0	1	0
cash and cash equivalents
cash	-26,817	35,800	-8,652	-10,529	-49	19,779	-45,053	-48,335	49,970	44,953	0	0	0
overdraft	0	0	-550,010	298,278	-59,583	82,215	214,647	14,453	0	0	0	0	0
change in cash	-26,817	35,800	541,358	-308,807	59,534	-62,436	-259,700	-62,788	49,970	44,953	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CODE SERVE LIMITED group structure

Code Serve Limited has no subsidiary companies.

Ultimate parent company

CODE SERVE LIMITED

07291604

CODE SERVE LIMITED Shareholders

daniel dark

100%

Code Serve Limited currently has 1 director, Mr Daniel Dark serving since Jun 2010.

officer	country	age	start	end	role
Mr Daniel Dark		45 years	Jun 2010	-	Director

P&L

June 2023

turnover

+11%

operating profit

238.2k

gross margin

24.1%

-2.52%

turnover

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

Balance Sheet

June 2023

net assets

1.7m

+0.12%

total assets

3.2m

+0.07%

cash

11.1k

-0.71%

net assets

Total assets minus all liabilities

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company number

07291604

Type

Private limited with Share Capital

industry

25110 - Manufacture of metal structures and parts of structures

incorporation date

June 2010

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

1 tir-y-cwm road, risca, newport, gwent, NP11 6DL

last accounts submitted

June 2023

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 11 charges/mortgages relating to code serve limited. Currently there are 5 open charges and 6 have been satisfied in the past.

code serve limited Company Information

code serve limited Estimated Valuation

code serve limited Estimated Valuation

code serve limited Estimated Valuation

Code Serve Limited Overview

Code Serve Limited Health Check

CODE SERVE LIMITED financials

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code serve limited Ownership

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