north west finishes ltd
north west finishes ltd Company Information
Company Number
07295489
Next Accounts
Nov 2024
Industry
Plastering
Directors
Shareholders
charlotte denise shipston
brian stephen shipston
Group Structure
View All
Contact
Registered Address
16 oxford court, bishopsgate, manchester, M2 3WQ
Website
-north west finishes ltd Estimated Valuation
Pomanda estimates the enterprise value of NORTH WEST FINISHES LTD at £960.5k based on a Turnover of £3.2m and 0.3x industry multiple (adjusted for size and gross margin).
north west finishes ltd Estimated Valuation
Pomanda estimates the enterprise value of NORTH WEST FINISHES LTD at £0 based on an EBITDA of £-205k and a 3.08x industry multiple (adjusted for size and gross margin).
north west finishes ltd Estimated Valuation
Pomanda estimates the enterprise value of NORTH WEST FINISHES LTD at £0 based on Net Assets of £-185.8k and 1.87x industry multiple (adjusted for liquidity).
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North West Finishes Ltd Overview
North West Finishes Ltd is a dissolved company that was located in manchester, M2 3WQ with a Companies House number of 07295489. It operated in the plastering sector, SIC Code 43310. Founded in June 2010, it's largest shareholder was charlotte denise shipston with a 50% stake. The last turnover for North West Finishes Ltd was estimated at £3.2m.
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North West Finishes Ltd Health Check
Pomanda's financial health check has awarded North West Finishes Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £3.2m, make it larger than the average company (£210.8k)
- North West Finishes Ltd
£210.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (7%)
- North West Finishes Ltd
7% - Industry AVG
Production
with a gross margin of 19.7%, this company has a higher cost of product (32.6%)
- North West Finishes Ltd
32.6% - Industry AVG
Profitability
an operating margin of -6.6% make it less profitable than the average company (9.3%)
- North West Finishes Ltd
9.3% - Industry AVG
Employees
with 6 employees, this is below the industry average (31)
- North West Finishes Ltd
31 - Industry AVG
Pay Structure
on an average salary of £32k, the company has an equivalent pay structure (£32k)
- North West Finishes Ltd
£32k - Industry AVG
Efficiency
resulting in sales per employee of £529.2k, this is more efficient (£345.6k)
- North West Finishes Ltd
£345.6k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is later than average (40 days)
- North West Finishes Ltd
40 days - Industry AVG
Creditor Days
its suppliers are paid after 96 days, this is slower than average (30 days)
- North West Finishes Ltd
30 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (9 days)
- North West Finishes Ltd
9 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (19 weeks)
0 weeks - North West Finishes Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 137.6%, this is a higher level of debt than the average (72.9%)
137.6% - North West Finishes Ltd
72.9% - Industry AVG
NORTH WEST FINISHES LTD financials
North West Finishes Ltd's latest turnover from June 2015 is estimated at £3.2 million and the company has net assets of -£185.8 thousand. According to their latest financial statements, we estimate that North West Finishes Ltd has 6 employees and maintains cash reserves of £9.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | |
|---|---|---|---|---|---|
| Tangible Assets | 4,550 | 9,719 | 14,888 | 3,800 | 4,231 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,550 | 9,719 | 14,888 | 3,800 | 4,231 |
| Stock & work in progress | 30,737 | 34,424 | 55,009 | 50,241 | 41,876 |
| Trade Debtors | 448,741 | 991,048 | 714,395 | 410,082 | 283,270 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 9,830 | 1,707 | 47,939 | 15,461 | 90,931 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 489,308 | 1,027,179 | 817,343 | 475,784 | 416,077 |
| total assets | 493,858 | 1,036,898 | 832,231 | 479,584 | 420,308 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 675,073 | 1,003,220 | 725,624 | 323,282 | 304,866 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 675,073 | 1,003,220 | 725,624 | 323,282 | 304,866 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 4,563 | 7,405 | 8,498 | 0 | 0 |
| provisions | 0 | 1,944 | 2,961 | 769 | 846 |
| total long term liabilities | 4,563 | 9,349 | 11,459 | 769 | 846 |
| total liabilities | 679,636 | 1,012,569 | 737,083 | 324,051 | 305,712 |
| net assets | -185,778 | 24,329 | 95,148 | 155,533 | 114,596 |
| total shareholders funds | -185,778 | 24,329 | 95,148 | 155,533 | 114,596 |
| Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 5,169 | 5,169 | 5,169 | 1,214 | 1,058 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | -3,687 | -20,585 | 4,768 | 8,365 | 41,876 |
| Debtors | -542,307 | 276,653 | 304,313 | 126,812 | 283,270 |
| Creditors | -328,147 | 277,596 | 402,342 | 18,416 | 304,866 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -1,944 | -1,017 | 2,192 | -77 | 846 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -2,842 | -1,093 | 8,498 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 8,123 | -46,232 | 32,478 | -75,470 | 90,931 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 8,123 | -46,232 | 32,478 | -75,470 | 90,931 |
north west finishes ltd Credit Report and Business Information
North West Finishes Ltd Competitor Analysis
Perform a competitor analysis for north west finishes ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other undefined companies, companies in M 2 area or any other competitors across 12 key performance metrics.
north west finishes ltd Ownership
NORTH WEST FINISHES LTD group structure
North West Finishes Ltd has no subsidiary companies.
Ultimate parent company
NORTH WEST FINISHES LTD
07295489
north west finishes ltd directors
North West Finishes Ltd currently has 1 director, Mr Brian Shipston serving since Nov 2010.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Brian Shipston | 55 years | Nov 2010 | - | Director |
P&L
June 2015turnover
3.2m
-38%
operating profit
-210.1k
0%
gross margin
19.8%
+12.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2015net assets
-185.8k
-8.64%
total assets
493.9k
-0.52%
cash
9.8k
+4.76%
net assets
Total assets minus all liabilities
north west finishes ltd company details
company number
07295489
Type
Private limited with Share Capital
industry
43310 - Plastering
incorporation date
June 2010
age
14
incorporated
UK
ultimate parent company
accounts
Total Exemption Small
last accounts submitted
June 2015
previous names
N/A
accountant
-
auditor
-
address
16 oxford court, bishopsgate, manchester, M2 3WQ
Bank
-
Legal Advisor
-
north west finishes ltd 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 did not find charges/mortgages relating to north west finishes ltd.
north west finishes ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
