equigrow limited

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equigrow limited Company Information

Share EQUIGROW LIMITED

Company Number

07576263

Shareholders

allan clutterbuck

adrian williams

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Group Structure

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Industry

Other manufacturing n.e.c.

 

Registered Address

cattlegate farm cattlegate road, enfield, middlesex, EN2 8AU

equigrow limited Estimated Valuation

£162.7k

Pomanda estimates the enterprise value of EQUIGROW LIMITED at £162.7k based on a Turnover of £277k and 0.59x industry multiple (adjusted for size and gross margin).

equigrow limited Estimated Valuation

£75.1k

Pomanda estimates the enterprise value of EQUIGROW LIMITED at £75.1k based on an EBITDA of £18.4k and a 4.09x industry multiple (adjusted for size and gross margin).

equigrow limited Estimated Valuation

£62.4k

Pomanda estimates the enterprise value of EQUIGROW LIMITED at £62.4k based on Net Assets of £28.6k and 2.19x industry multiple (adjusted for liquidity).

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Equigrow Limited Overview

Equigrow Limited is a live company located in middlesex, EN2 8AU with a Companies House number of 07576263. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in March 2011, it's largest shareholder is allan clutterbuck with a 45% stake. Equigrow Limited is a established, micro sized company, Pomanda has estimated its turnover at £277k with healthy growth in recent years.

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Equigrow Limited Health Check

Pomanda's financial health check has awarded Equigrow Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £277k, make it smaller than the average company (£14.1m)

£277k - Equigrow Limited

£14.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (6.4%)

10% - Equigrow Limited

6.4% - Industry AVG

production

Production

with a gross margin of 21%, this company has a higher cost of product (30.2%)

21% - Equigrow Limited

30.2% - Industry AVG

profitability

Profitability

an operating margin of 2.1% make it less profitable than the average company (6.4%)

2.1% - Equigrow Limited

6.4% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (70)

5 - Equigrow Limited

70 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.7k, the company has an equivalent pay structure (£42.7k)

£42.7k - Equigrow Limited

£42.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £55.4k, this is less efficient (£186k)

£55.4k - Equigrow Limited

£186k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 37 days, this is earlier than average (53 days)

37 days - Equigrow Limited

53 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 127 days, this is slower than average (40 days)

127 days - Equigrow Limited

40 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 6 days, this is less than average (68 days)

6 days - Equigrow Limited

68 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (12 weeks)

15 weeks - Equigrow Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 77.4%, this is a higher level of debt than the average (47.7%)

77.4% - Equigrow Limited

47.7% - Industry AVG

EQUIGROW LIMITED financials

EXPORTms excel logo

Equigrow Limited's latest turnover from December 2023 is estimated at £277 thousand and the company has net assets of £28.6 thousand. According to their latest financial statements, Equigrow Limited has 5 employees and maintains cash reserves of £22.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012
Turnover276,964246,033208,111210,289165,814149,317127,343153,181
Other Income Or Grants
Cost Of Sales218,792196,677167,263169,377132,270118,51999,545118,658
Gross Profit58,17349,35640,84940,91233,54430,79827,79934,523
Admin Expenses52,26824,86652,03627,24863,04232,5402,98716,905
Operating Profit5,90524,490-11,18713,664-29,498-1,74224,81217,618
Interest Payable
Interest Receivable794258191017124511619
Pre-Tax Profit6,69924,748-11,16813,674-29,327-1,49724,92817,636
Tax-1,675-4,702-2,598-4,736-3,527
Profit After Tax5,02420,046-11,16811,076-29,327-1,49720,19214,109
Dividends Paid
Retained Profit5,02420,046-11,16811,076-29,327-1,49720,19214,109
Employee Costs213,659202,451196,015190,395150,322147,036142,103137,404
Number Of Employees55554444
EBITDA*18,36338,8083,49323,317-19,414-1,14324,81217,618

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012
Tangible Assets71,30483,00270,22039,22744,30711,391
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets71,30483,00270,22039,22744,30711,391
Stock & work in progress3,97810,90111,78122,371400400417
Trade Debtors28,58822,31815,54921,25613,65616,24014,18414,295
Group Debtors
Misc Debtors6
Cash22,3727,8676,8668,22211,93933,74631,59814,96311
misc current assets
total current assets54,93841,08634,19651,84925,99550,38646,19929,26411
total assets126,242124,088104,41691,07670,30261,77746,19929,26411
Bank overdraft
Bank loan
Trade Creditors 76,45471,95059,50244,73743,00726,70911,8929,446
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities5,703
total current liabilities76,45471,95059,50244,73743,00726,70911,89215,149
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities12,57621,57741,25131,68623,718
provisions8,6577,0301782,164
total long term liabilities21,23328,60741,42931,68623,7182,164
total liabilities97,687100,557100,93176,42366,72528,87311,89215,149
net assets28,55523,5313,48514,6533,57732,90434,30714,11511
total shareholders funds28,55523,5313,48514,6533,57732,90434,30714,11511
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012
Operating Activities
Operating Profit5,90524,490-11,18713,664-29,498-1,74224,81217,618
Depreciation12,45814,31814,6809,65310,084599
Amortisation
Tax-1,675-4,702-2,598-4,736-3,527
Stock-6,923-880-10,59021,971-17417
Debtors6,2706,769-5,7077,600-2,5842,056-11714,301
Creditors4,50412,44814,7651,73016,29814,8172,4469,446
Accruals and Deferred Income-5,7035,703
Deferred Taxes & Provisions1,6276,852178-2,1642,164
Cash flow from operations23,47247,51734,733-7,122-2,69613,79916,51914,939
Investing Activities
capital expenditure-760-27,100-45,673-4,573-43,000-11,990
Change in Investments
cash flow from investments-760-27,100-45,673-4,573-43,000-11,990
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-9,001-19,6749,5657,96823,718
share issue9461-11
interest794258191017124511619
cash flow from financing-8,207-19,4169,5847,97823,889339116251-11
cash and cash equivalents
cash14,5051,001-1,356-3,717-21,8072,14816,63514,9631-11
overdraft
change in cash14,5051,001-1,356-3,717-21,8072,14816,63514,9631-11

equigrow 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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Equigrow Limited Competitor Analysis

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Perform a competitor analysis for equigrow limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in EN2 area or any other competitors across 12 key performance metrics.

equigrow limited Ownership

EQUIGROW LIMITED group structure

Equigrow Limited has no subsidiary companies.

Ultimate parent company

EQUIGROW LIMITED

07576263

EQUIGROW LIMITED Shareholders

allan clutterbuck 45%
adrian williams 18.34%
david williams 18.33%
howard williams 18.33%

equigrow limited directors

Equigrow Limited currently has 4 directors. The longest serving directors include Mr Allan Clutterbuck (Mar 2011) and Mr David Williams (Apr 2016).

officercountryagestartendrole
Mr Allan ClutterbuckEngland58 years Mar 2011- Director
Mr David WilliamsUnited Kingdom72 years Apr 2016- Director
Mr Adrian WilliamsUnited Kingdom59 years Apr 2016- Director
Mr Howard WilliamsUnited Kingdom62 years Apr 2016- Director

P&L

December 2023

turnover

277k

+13%

operating profit

5.9k

0%

gross margin

21.1%

+4.7%

turnover

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

Balance Sheet

December 2023

net assets

28.6k

+0.21%

total assets

126.2k

+0.02%

cash

22.4k

+1.84%

net assets

Total assets minus all liabilities

equigrow limited company details

company number

07576263

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

March 2011

age

14

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

December 2023

previous names

N/A

accountant

HARDCASTLE BURTON LLP

auditor

-

address

cattlegate farm cattlegate road, enfield, middlesex, EN2 8AU

Bank

-

Legal Advisor

-

equigrow 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 did not find charges/mortgages relating to equigrow limited.

equigrow limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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equigrow limited Companies House Filings - See Documents

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