credibuild limited
credibuild limited Company Information
Company Number
07572670
Website
www.credibuild.comRegistered Address
trusolv ltd grove house meridian, ocean village, southampton, SO14 3TJ
Industry
Development of building projects
Telephone
01322285568
Next Accounts Due
1173 days late
Group Structure
View All
Directors
Lee Palmer13 Years
Shareholders
lee palmer 100%
credibuild limited Estimated Valuation
Pomanda estimates the enterprise value of CREDIBUILD LIMITED at £1m based on a Turnover of £2.1m and 0.49x industry multiple (adjusted for size and gross margin).
credibuild limited Estimated Valuation
Pomanda estimates the enterprise value of CREDIBUILD LIMITED at £63.7k based on an EBITDA of £17.4k and a 3.67x industry multiple (adjusted for size and gross margin).
credibuild limited Estimated Valuation
Pomanda estimates the enterprise value of CREDIBUILD LIMITED at £32.2k based on Net Assets of £24.7k and 1.31x industry multiple (adjusted for liquidity).
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Credibuild Limited Overview
Credibuild Limited is a live company located in southampton, SO14 3TJ with a Companies House number of 07572670. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2011, it's largest shareholder is lee palmer with a 100% stake. Credibuild Limited is a established, small sized company, Pomanda has estimated its turnover at £2.1m with rapid growth in recent years.
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Credibuild Limited Health Check
Pomanda's financial health check has awarded Credibuild Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £2.1m, make it larger than the average company (£1.7m)
- Credibuild Limited
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 46%, show it is growing at a faster rate (4.5%)
- Credibuild Limited
4.5% - Industry AVG
Production
with a gross margin of 27.8%, this company has a comparable cost of product (27.8%)
- Credibuild Limited
27.8% - Industry AVG
Profitability
an operating margin of 0.8% make it less profitable than the average company (12.6%)
- Credibuild Limited
12.6% - Industry AVG
Employees
with 7 employees, this is similar to the industry average (6)
7 - Credibuild Limited
6 - Industry AVG
Pay Structure
on an average salary of £43.3k, the company has an equivalent pay structure (£43.3k)
- Credibuild Limited
£43.3k - Industry AVG
Efficiency
resulting in sales per employee of £299.7k, this is equally as efficient (£271.9k)
- Credibuild Limited
£271.9k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is later than average (27 days)
- Credibuild Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is slower than average (31 days)
- Credibuild Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 22 days, this is less than average (237 days)
- Credibuild Limited
237 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (11 weeks)
7 weeks - Credibuild Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.2%, this is a higher level of debt than the average (72.8%)
94.2% - Credibuild Limited
72.8% - Industry AVG
CREDIBUILD LIMITED financials
Credibuild Limited's latest turnover from March 2019 is estimated at £2.1 million and the company has net assets of £24.7 thousand. According to their latest financial statements, Credibuild Limited has 7 employees and maintains cash reserves of £58.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 7 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,665 | 1,164 | 427 | 1,021 | 2,712 | 3,968 | 4,442 | 487 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,665 | 1,164 | 427 | 1,021 | 2,712 | 3,968 | 4,442 | 487 |
| Stock & work in progress | 93,356 | 179,764 | 539,940 | 297,497 | 226,616 | 138,397 | 137,831 | 0 |
| Trade Debtors | 248,495 | 479,209 | 48,568 | 6,344 | 217,954 | 26,564 | 154,507 | 76,025 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 20,777 | 24,906 | 29,488 | 36,441 | 0 | 0 | 0 | 0 |
| Cash | 58,442 | 198 | 2 | 59,084 | 555 | 21,498 | 1,490 | 205,379 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 421,070 | 684,077 | 617,998 | 399,366 | 445,125 | 186,459 | 293,828 | 281,404 |
| total assets | 423,735 | 685,241 | 618,425 | 400,387 | 447,837 | 190,427 | 298,270 | 281,891 |
| Bank overdraft | 0 | 21,074 | 24,720 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 212,652 | 360,141 | 247,999 | 196,507 | 422,499 | 183,490 | 256,936 | 183,520 |
| Group/Directors Accounts | 125,209 | 176,857 | 283,342 | 137,632 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 61,210 | 115,421 | 75,210 | 45,729 | 0 | 0 | 0 | 0 |
| total current liabilities | 399,071 | 673,493 | 631,271 | 379,868 | 422,499 | 183,490 | 256,936 | 183,520 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 6,545 | 0 | 0 | 87,573 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 6,545 | 0 | 0 | 87,573 |
| total liabilities | 399,071 | 673,493 | 631,271 | 379,868 | 429,044 | 183,490 | 256,936 | 271,093 |
| net assets | 24,664 | 11,748 | -12,846 | 20,519 | 18,793 | 6,937 | 41,334 | 10,798 |
| total shareholders funds | 24,664 | 11,748 | -12,846 | 20,519 | 18,793 | 6,937 | 41,334 | 10,798 |
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 933 | 464 | 594 | 1,691 | 1,648 | 1,632 | 1,260 | 162 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | -86,408 | -360,176 | 242,443 | 70,881 | 88,219 | 566 | 137,831 | 0 |
| Debtors | -234,843 | 426,059 | 35,271 | -175,169 | 191,390 | -127,943 | 78,482 | 76,025 |
| Creditors | -147,489 | 112,142 | 51,492 | -225,992 | 239,009 | -73,446 | 73,416 | 183,520 |
| Accruals and Deferred Income | -54,211 | 40,211 | 29,481 | 39,184 | 6,545 | 0 | -87,573 | 87,573 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -51,648 | -106,485 | 145,710 | 137,632 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 58,244 | 196 | -59,082 | 58,529 | -20,943 | 20,008 | -203,889 | 205,379 |
| overdraft | -21,074 | -3,646 | 24,720 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 79,318 | 3,842 | -83,802 | 58,529 | -20,943 | 20,008 | -203,889 | 205,379 |
credibuild limited Credit Report and Business Information
Credibuild Limited Competitor Analysis
Perform a competitor analysis for credibuild limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
credibuild limited Ownership
CREDIBUILD LIMITED group structure
Credibuild Limited has no subsidiary companies.
Ultimate parent company
CREDIBUILD LIMITED
07572670
credibuild limited directors
Credibuild Limited currently has 1 director, Mr Lee Palmer serving since Mar 2011.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lee Palmer | 52 years | Mar 2011 | - | Director |
P&L
March 2019turnover
2.1m
-45%
operating profit
16.4k
0%
gross margin
27.8%
-4.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2019net assets
24.7k
+1.1%
total assets
423.7k
-0.38%
cash
58.4k
+294.16%
net assets
Total assets minus all liabilities
credibuild limited company details
company number
07572670
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
March 2011
age
13
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
trusolv ltd grove house meridian, ocean village, southampton, SO14 3TJ
last accounts submitted
March 2019
credibuild 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 credibuild limited. Currently there are 1 open charges and 1 have been satisfied in the past.
credibuild limited Companies House Filings - See Documents
| date | description | view/download |
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