Petric Contracts Limited

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petric contracts limited Company Information

Live

EstablishedSmallHigh

Company Number

07325699

Website

petriccontracts-ltd.com

Registered Address

petric contracts limited, new brunswick street, wakefield, west yorkshire, WF1 5QR

Industry

Other building completion and finishing

Painting

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Telephone

01924335558

Next Accounts Due

December 2024

Group Structure

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Directors

Eric Johnson13 Years

Peter Johnson1 Years

Shareholders

peter johnson 100%

petric contracts limited Estimated Valuation

£786.6k

Pomanda estimates the enterprise value of PETRIC CONTRACTS LIMITED at £786.6k based on Net Assets of £290.4k and 2.71x industry multiple (adjusted for liquidity).

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Petric Contracts Limited AI Business Plan

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Petric Contracts Limited is a live company located in wakefield, WF1 5QR with a Companies House number of 07325699. It operates in the joinery installation sector, SIC Code 43320. Founded in July 2010, it's largest shareholder is peter johnson with a 100% stake. Petric Contracts Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with high growth in recent years.

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Pomanda's financial health check has awarded Petric Contracts Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £1.2m, make it smaller than the average company (£1.6m)

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (6.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PETRIC CONTRACTS LIMITED group structure

Petric Contracts Limited has no subsidiary companies.

Ultimate parent company

PETRIC CONTRACTS LIMITED

07325699

PETRIC CONTRACTS LIMITED Shareholders

peter johnson

100%

Petric Contracts Limited currently has 2 directors. The longest serving directors include Mr Eric Johnson (Jul 2010) and Mr Peter Johnson (Dec 2022).

officer	country	age	start	end	role
Mr Eric Johnson	England	67 years	Jul 2010	-	Director
Mr Peter Johnson		66 years	Dec 2022	-	Director

EXPORT

Petric Contracts Limited's latest turnover from March 2023 is estimated at £1.2 million and the company has net assets of £290.4 thousand. According to their latest financial statements, Petric Contracts Limited has 9 employees and maintains cash reserves of £384.1 thousand 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	1,189,303	1,442,267	929,532	562,865	1,371,813	1,143,616	306,045	195,634	223,608	409,536	119,242	232,044	253,370
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	999,225	1,216,189	778,741	468,190	1,135,426	938,474	249,839	158,629	180,393	331,957	95,989	186,644	199,118
Gross Profit	190,079	226,078	150,791	94,675	236,387	205,142	56,206	37,005	43,215	77,579	23,254	45,401	54,252
Admin Expenses	95,305	216,585	59,902	-122,316	128,791	190,930	35,010	-26,149	37,905	35,306	-6,127	32,471	52,961
Operating Profit	94,774	9,493	90,889	216,991	107,596	14,212	21,196	63,154	5,310	42,273	29,381	12,930	1,291
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	17,835	3,245	461	374	1,458	530	277	536	246	240	193	153	81
Pre-Tax Profit	112,609	12,737	91,351	217,364	109,054	14,742	21,473	63,690	5,556	42,513	29,574	13,084	1,372
Tax	-21,396	-2,420	-17,357	-41,299	-20,720	-2,801	-4,294	-12,738	-1,167	-9,778	-7,098	-3,402	-384
Profit After Tax	91,213	10,317	73,994	176,065	88,334	11,941	17,178	50,952	4,389	32,735	22,476	9,682	988
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	91,213	10,317	73,994	176,065	88,334	11,941	17,178	50,952	4,389	32,735	22,476	9,682	988
Employee Costs	291,727	286,852	184,182	278,532	271,648	241,854	140,945	36,621	35,400	69,362	33,824	32,043	62,039
Number Of Employees	9	9	6	8	8	7	4	1	1	2	1	1	2
EBITDA*	129,386	22,683	108,468	234,301	128,781	28,061	33,378	69,902	10,088	46,463	32,718	13,804	2,491

* 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	104,558	39,667	52,857	51,811	63,578	41,711	30,795	19,684	26,432	16,741	10,412	9,994	9,000
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	104,558	39,667	52,857	51,811	63,578	41,711	30,795	19,684	26,432	16,741	10,412	9,994	9,000
Stock & work in progress	1,500	1,500	1,500	21,325	1,500	1,500	49,500	1,500	4,342	4,478	8,647	870	0
Trade Debtors	247,848	440,951	302,997	67,584	380,278	321,874	75,508	26,806	58,548	106,635	13,956	46,619	42,026
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	384,053	455,233	409,978	512,779	234,389	154,370	57,618	163,921	50,310	48,034	48,136	28,885	32,454
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	633,401	897,684	714,475	601,688	616,167	477,744	182,626	192,227	113,200	159,147	70,739	76,374	74,480
total assets	737,959	937,351	767,332	653,499	679,745	519,455	213,421	211,911	139,632	175,888	81,151	86,368	83,480
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	416,329	430,663	268,455	217,934	399,156	334,159	55,620	82,901	54,633	102,303	45,922	73,698	82,491
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	416,329	430,663	268,455	217,934	399,156	334,159	55,620	82,901	54,633	102,303	45,922	73,698	82,491
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	11,400	0	0	10,881	29,734	26,513	13,241	3,850	9,442	4,355	0	0	0
provisions	19,866	7,537	10,043	9,844	12,080	8,342	6,159	3,937	5,286	3,348	2,082	1,999	0
total long term liabilities	31,266	7,537	10,043	20,725	41,814	34,855	19,400	7,787	14,728	7,703	2,082	1,999	0
total liabilities	447,595	438,200	278,498	238,659	440,970	369,014	75,020	90,688	69,361	110,006	48,004	75,697	82,491
net assets	290,364	499,151	488,834	414,840	238,775	150,441	138,401	121,223	70,271	65,882	33,147	10,671	989
total shareholders funds	290,364	499,151	488,834	414,840	238,775	150,441	138,401	121,223	70,271	65,882	33,147	10,671	989

	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	94,774	9,493	90,889	216,991	107,596	14,212	21,196	63,154	5,310	42,273	29,381	12,930	1,291
Depreciation	34,612	13,190	17,579	17,310	21,185	13,849	12,182	6,748	4,778	4,190	3,337	874	1,200
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-21,396	-2,420	-17,357	-41,299	-20,720	-2,801	-4,294	-12,738	-1,167	-9,778	-7,098	-3,402	-384
Stock	0	0	-19,825	19,825	0	-48,000	48,000	-2,842	-136	-4,169	7,777	870	0
Debtors	-193,103	137,954	235,413	-312,694	58,404	246,366	48,702	-31,742	-48,087	92,679	-32,663	4,593	42,026
Creditors	-14,334	162,208	50,521	-181,222	64,997	278,539	-27,281	28,268	-47,670	56,381	-27,776	-8,793	82,491
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	12,329	-2,506	199	-2,236	3,738	2,183	2,222	-1,349	1,938	1,266	83	1,999	0
Cash flow from operations	299,088	42,011	-73,757	302,413	118,392	107,616	-92,677	118,667	11,412	5,822	22,813	-1,855	42,572
Investing Activities
capital expenditure	-99,503	0	-18,625	-5,543	-43,052	-24,765	-23,293	0	-14,469	-10,519	-3,755	-1,868	-10,200
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-99,503	0	-18,625	-5,543	-43,052	-24,765	-23,293	0	-14,469	-10,519	-3,755	-1,868	-10,200
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	11,400	0	-10,881	-18,853	3,221	13,272	9,391	-5,592	5,087	4,355	0	0	0
share issue	-300,000	0	0	0	0	99	0	0	0	0	0	0	1
interest	17,835	3,245	461	374	1,458	530	277	536	246	240	193	153	81
cash flow from financing	-270,765	3,245	-10,420	-18,479	4,679	13,901	9,668	-5,056	5,333	4,595	193	153	82
cash and cash equivalents
cash	-71,180	45,255	-102,801	278,390	80,019	96,752	-106,303	113,611	2,276	-102	19,251	-3,569	32,454
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-71,180	45,255	-102,801	278,390	80,019	96,752	-106,303	113,611	2,276	-102	19,251	-3,569	32,454

P&L

March 2023

turnover

1.2m

-18%

operating profit

94.8k

gross margin

16%

+1.96%

turnover

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

Balance Sheet

March 2023

net assets

290.4k

-0.42%

total assets

738k

-0.21%

cash

384.1k

-0.16%

net assets

Total assets minus all liabilities

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company number

07325699

Type

Private limited with Share Capital

industry

43390 - Other building completion and finishing

43341 - Painting

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

July 2010

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

petric contracts limited, new brunswick street, wakefield, west yorkshire, WF1 5QR

last accounts submitted

March 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 1 charges/mortgages relating to petric contracts limited. Currently there are 1 open charges and 0 have been satisfied in the past.

petric contracts limited Company Information

petric contracts limited Estimated Valuation

petric contracts limited Estimated Valuation

petric contracts limited Estimated Valuation

Petric Contracts Limited AI Business Plan

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PETRIC CONTRACTS LIMITED financials

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