Pomanda estimates the enterprise value of BALFE'S BIKES LTD at £18.1m based on a Turnover of £28.1m and 0.65x industry multiple (adjusted for size and gross margin).
balfe's bikes ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of BALFE'S BIKES LTD at £0 based on an EBITDA of £-74.7k and a 6.63x industry multiple (adjusted for size and gross margin).
balfe's bikes ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of BALFE'S BIKES LTD at £0 based on Net Assets of £-991.5k and 2.01x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Balfe's Bikes LtdOverview
Balfe's Bikes Ltd is a live company located in crawley, RH10 9TZ with a Companies House number of 07584071. It operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles sector, SIC Code 47640. Founded in March 2011, it's largest shareholder is
michael rice
with a 66.7% stake. Balfe's Bikes Ltd is a established,
large sized company, Pomanda has estimated its turnover at
£28.1m with
high
growth in recent years.
Pomanda's financial health check has awarded Balfe'S Bikes Ltd a 4.5 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 Rating4.5out of 5
6 Strong
3 Regular
3 Weak
Size
annual sales of £28.1m, make it larger than the average company (£474.7k)
£28.1m - Balfe's Bikes Ltd
£474.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (8%)
27% - Balfe's Bikes Ltd
8% - Industry AVG
Production
with a gross margin of 31.3%, this company has a comparable cost of product (30.3%)
31.3% - Balfe's Bikes Ltd
30.3% - Industry AVG
Profitability
an operating margin of -1.3% make it less profitable than the average company (0.8%)
-1.3% - Balfe's Bikes Ltd
0.8% - Industry AVG
Employees
with 160 employees, this is above the industry average (8)
160 - Balfe's Bikes Ltd
8 - Industry AVG
Pay Structure
on an average salary of £28.7k, the company has an equivalent pay structure (£24k)
£28.7k - Balfe's Bikes Ltd
£24k - Industry AVG
Efficiency
resulting in sales per employee of £175.5k, this is more efficient (£123.8k)
£175.5k - Balfe's Bikes Ltd
£123.8k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (28 days)
8 days - Balfe's Bikes Ltd
28 days - Industry AVG
Creditor Days
its suppliers are paid after 111 days, this is slower than average (23 days)
111 days - Balfe's Bikes Ltd
23 days - Industry AVG
Stock Days
it holds stock equivalent to 105 days, this is in line with average (112 days)
105 days - Balfe's Bikes Ltd
112 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (18 weeks)
1 weeks - Balfe's Bikes Ltd
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 111.3%, this is a higher level of debt than the average (64.3%)
111.3% - Balfe's Bikes Ltd
64.3% - Industry AVG
BALFE'S BIKES LTD financials
EXPORT
Balfe'S Bikes Ltd's latest turnover from March 2024 is £28.1 million and the company has net assets of -£991.5 thousand. According to their latest financial statements, Balfe'S Bikes Ltd has 160 employees and maintains cash reserves of £247.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Turnover
28,080,321
25,973,739
29,034,276
13,808,700
1,427,048
976,978
217,218
228,372
397,494
236,645
278,075
203,487
68,965
Other Income Or Grants
Cost Of Sales
19,298,655
17,737,434
18,690,221
8,568,859
747,823
475,788
152,744
156,064
198,971
161,506
188,013
134,502
45,983
Gross Profit
8,781,666
8,236,305
10,344,055
5,239,841
679,225
501,190
64,474
72,308
198,523
75,139
90,062
68,984
22,982
Admin Expenses
9,139,526
9,687,510
10,227,736
4,307,025
612,446
397,243
55,223
208,528
185,841
33,620
88,523
88,377
29,908
Operating Profit
-357,860
-1,451,205
116,319
932,816
66,779
103,947
9,251
-136,220
12,682
41,519
1,539
-19,393
-6,926
Interest Payable
192,554
145,846
76,557
7,067
1,695
256
Interest Receivable
2,232
10
21
222
305
57
10
17
9
16
8
Pre-Tax Profit
-548,182
-1,597,051
39,772
925,770
65,306
103,947
9,307
-136,210
12,426
41,535
1,548
-19,377
-6,918
Tax
123,259
380,081
-30,538
-183,782
-2,825
-1,768
-3,877
-8,722
-356
Profit After Tax
-424,923
-1,216,970
9,234
741,988
62,481
103,947
7,539
-136,210
8,549
32,813
1,192
-19,377
-6,918
Dividends Paid
48,284
76,838
15,000
Retained Profit
-424,923
-1,216,970
-39,050
665,150
47,481
103,947
7,539
-136,210
8,549
32,813
1,192
-19,377
-6,918
Employee Costs
4,590,895
4,531,017
5,009,929
2,034,413
399,351
405,331
39,360
54,285
78,752
57,852
58,851
37,052
19,071
Number Of Employees
160
163
187
81
16
20
2
3
4
3
3
2
1
EBITDA*
-74,693
-1,205,378
291,825
998,578
90,023
113,929
17,728
-128,514
17,649
47,538
12,647
-10,271
-3,311
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Tangible Assets
1,507,858
1,701,640
1,909,889
956,860
163,693
59,423
71,002
53,813
36,629
24,719
29,701
31,755
10,846
Intangible Assets
34,231
36,074
34,468
39,043
35,997
Investments & Other
Debtors (Due After 1 year)
176,412
174,389
173,721
137,133
Total Fixed Assets
1,718,501
1,912,103
2,118,078
1,133,036
199,690
59,423
71,002
53,813
36,629
24,719
29,701
31,755
10,846
Stock & work in progress
5,582,908
4,513,285
4,613,710
4,204,359
392,474
119,133
9,693
89,561
74,837
62,100
71,407
10,128
Trade Debtors
616,606
352,776
243,589
406,443
11,311
6,995
10,659
5,216
6,662
8,931
4,250
3,498
Group Debtors
Misc Debtors
583,552
456,595
336,083
64,885
74,534
Cash
247,581
434,414
949,684
1,471,231
57,234
58,484
22,746
8,326
6,637
3,564
3,023
misc current assets
total current assets
7,030,647
5,757,070
6,143,066
6,146,918
535,553
186,475
39,434
10,659
103,103
88,136
71,031
79,221
16,649
total assets
8,749,148
7,669,173
8,261,144
7,279,954
735,243
245,898
110,436
64,472
139,732
112,855
100,732
110,976
27,495
Bank overdraft
Bank loan
10,000
10,000
10,000
8,333
Trade Creditors
5,889,824
3,891,816
2,666,344
3,397,245
314,264
91,838
83,477
68,021
44,499
35,643
39,484
39,200
747
Group/Directors Accounts
50,000
250,000
250,000
other short term finances
416,371
611,982
2,250,000
261,732
hp & lease commitments
other current liabilities
1,470,833
1,571,148
1,916,375
2,274,962
112,909
total current liabilities
7,787,028
6,134,946
7,092,719
6,192,272
427,173
133,269
83,477
68,021
44,499
35,643
39,484
39,200
747
loans
1,953,575
2,103,259
306,167
316,167
286,232
hp & lease commitments
Accruals and Deferred Income
other liabilities
139,271
157,615
134,644
97,218
69,501
86,350
98,070
33,665
provisions
214,320
84,527
total long term liabilities
1,953,575
2,103,259
520,487
400,694
286,232
139,271
157,615
134,644
97,218
69,501
86,350
98,070
33,665
total liabilities
9,740,603
8,238,205
7,613,206
6,592,966
713,405
272,540
241,092
202,665
141,717
105,144
125,834
137,270
34,412
net assets
-991,455
-569,032
647,938
686,988
21,838
-26,642
-130,656
-138,193
-1,985
7,711
-25,102
-26,294
-6,917
total shareholders funds
-991,455
-569,032
647,938
686,988
21,838
-26,642
-130,656
-138,193
-1,985
7,711
-25,102
-26,294
-6,917
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Operating Activities
Operating Profit
-357,860
-1,451,205
116,319
932,816
66,779
103,947
9,251
-136,220
12,682
41,519
1,539
-19,393
-6,926
Depreciation
266,576
228,161
153,131
48,658
14,297
9,982
8,477
7,706
4,967
6,019
11,108
9,122
3,615
Amortisation
16,591
17,666
22,375
17,104
8,947
Tax
123,259
380,081
-30,538
-183,782
-2,825
-1,768
-3,877
-8,722
-356
Stock
1,069,623
-100,425
409,351
3,811,885
273,341
109,440
9,693
-89,561
14,724
12,737
-9,307
61,279
10,128
Debtors
392,810
230,367
144,932
522,616
76,987
1,863
-3,664
5,443
-1,446
-2,269
4,681
752
3,498
Creditors
1,998,008
1,225,472
-730,901
3,082,981
222,426
8,361
15,456
23,522
8,856
-3,841
284
38,453
747
Accruals and Deferred Income
-100,315
-345,227
-358,587
2,162,053
112,909
Deferred Taxes & Provisions
-214,320
129,793
84,527
Cash flow from operations
483,826
-289,314
-1,252,691
1,809,856
72,205
10,987
25,387
-20,874
9,350
24,507
17,201
-33,849
-16,190
Investing Activities
capital expenditure
1,597
-25,666
-24,890
-16,877
-1,037
-9,054
-30,031
-14,461
Change in Investments
cash flow from investments
1,597
-25,666
-24,890
-16,877
-1,037
-9,054
-30,031
-14,461
Financing Activities
Bank loans
1,667
8,333
Group/Directors Accounts
-50,000
-200,000
250,000
Other Short Term Loans
-195,611
-1,638,018
1,988,268
261,732
Long term loans
-149,684
1,797,092
-10,000
29,935
286,232
Hire Purchase and Lease Commitments
other long term liabilities
-139,271
-18,344
22,971
37,426
27,717
-16,849
-11,720
64,405
33,665
share issue
2,500
999
67
-2
2
-18,245
1
interest
-190,322
-145,846
-76,547
-7,046
-1,473
305
57
10
-256
17
9
16
8
cash flow from financing
-583,117
-186,772
1,903,388
542,954
146,487
-17,972
23,026
37,438
9,216
-16,832
-11,711
64,421
33,674
cash and cash equivalents
cash
-186,833
-515,270
-521,547
1,413,997
-1,250
35,738
22,746
-8,326
1,689
6,637
-3,564
541
3,023
overdraft
change in cash
-186,833
-515,270
-521,547
1,413,997
-1,250
35,738
22,746
-8,326
1,689
6,637
-3,564
541
3,023
balfe's bikes ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for balfe's bikes ltd. Get real-time insights into balfe's bikes ltd's credit score, group structure and payment trends.
Perform a competitor analysis for balfe's bikes ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in RH10 area or any other competitors across 12 key performance metrics.
balfe's bikes ltd Ownership
BALFE'S BIKES LTD group structure
Balfe'S Bikes Ltd has no subsidiary companies.
Ultimate parent company
BALFE'S BIKES LTD
07584071
BALFE'S BIKES LTD Shareholders
The largest shareholders in Balfe'S Bikes Ltd include Michael Rice and Richard Balfe.
michael rice
66.67%
richard balfe
33.33%
balfe's bikes ltd directors
Balfe'S Bikes Ltd currently has 1 director, Mr Michael Rice serving since May 2019.
47640 - Retail sale of sporting equipment in specialised stores
incorporation date
March 2011
age
14
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
BDO LLP
address
unit 2, camino park, james watt way, crawley, west sussex, RH10 9TZ
Bank
-
Legal Advisor
-
balfe's bikes 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 found 4 charges/mortgages relating to balfe's bikes ltd. Currently there are 2 open charges and 2 have been satisfied in the past.
balfe's bikes ltd 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.
Click to start generating capital raising & share issue transactions for BALFE'S BIKES LTD. This can take several minutes, an email will notify you when this has completed.
balfe's bikes ltdCompanies House Filings - See Documents
