brites associates limited
brites associates limited Company Information
Company Number
07953406
Next Accounts
243 days late
Industry
Other business support service activities n.e.c.
Shareholders
lighthouse investment group limited
Group Structure
View All
Contact
Registered Address
suite 500, aw house,, 6-8 stuart street, luton, bedfordshire, LU1 2SJ
brites associates limited Estimated Valuation
Pomanda estimates the enterprise value of BRITES ASSOCIATES LIMITED at £6.4m based on a Turnover of £9.6m and 0.67x industry multiple (adjusted for size and gross margin).
brites associates limited Estimated Valuation
Pomanda estimates the enterprise value of BRITES ASSOCIATES LIMITED at £1.5m based on an EBITDA of £315.5k and a 4.73x industry multiple (adjusted for size and gross margin).
brites associates limited Estimated Valuation
Pomanda estimates the enterprise value of BRITES ASSOCIATES LIMITED at £2.1m based on Net Assets of £869.2k and 2.37x industry multiple (adjusted for liquidity).
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Brites Associates Limited Overview
Brites Associates Limited is a live company located in luton, LU1 2SJ with a Companies House number of 07953406. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 2012, it's largest shareholder is lighthouse investment group limited with a 100% stake. Brites Associates Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.6m with declining growth in recent years.
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Brites Associates Limited Health Check
Pomanda's financial health check has awarded Brites Associates Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £9.6m, make it larger than the average company (£2.9m)
- Brites Associates Limited
£2.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (2.3%)
- Brites Associates Limited
2.3% - Industry AVG
Production
with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)
- Brites Associates Limited
38.2% - Industry AVG
Profitability
an operating margin of 3.1% make it less profitable than the average company (6.4%)
- Brites Associates Limited
6.4% - Industry AVG
Employees
with 155 employees, this is above the industry average (21)
155 - Brites Associates Limited
21 - Industry AVG
Pay Structure
on an average salary of £45.7k, the company has an equivalent pay structure (£45.7k)
- Brites Associates Limited
£45.7k - Industry AVG
Efficiency
resulting in sales per employee of £62.1k, this is less efficient (£138.2k)
- Brites Associates Limited
£138.2k - Industry AVG
Debtor Days
it gets paid by customers after 25 days, this is earlier than average (43 days)
- Brites Associates Limited
43 days - Industry AVG
Creditor Days
its suppliers are paid after 24 days, this is quicker than average (35 days)
- Brites Associates Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Brites Associates Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 55 weeks, this is more cash available to meet short term requirements (27 weeks)
55 weeks - Brites Associates Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.4%, this is a lower level of debt than the average (62.8%)
41.4% - Brites Associates Limited
62.8% - Industry AVG
BRITES ASSOCIATES LIMITED financials
Brites Associates Limited's latest turnover from August 2022 is estimated at £9.6 million and the company has net assets of £869.2 thousand. According to their latest financial statements, Brites Associates Limited has 155 employees and maintains cash reserves of £654.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,172,986 | 607,823 | ||||||||
| Other Income Or Grants | 0 | 0 | ||||||||
| Cost Of Sales | 0 | 0 | ||||||||
| Gross Profit | 1,172,986 | 607,823 | ||||||||
| Admin Expenses | 1,137,349 | 587,332 | ||||||||
| Operating Profit | 35,637 | 20,491 | ||||||||
| Interest Payable | 0 | 0 | ||||||||
| Interest Receivable | 21 | 48 | ||||||||
| Pre-Tax Profit | 35,658 | 20,539 | ||||||||
| Tax | -7,286 | -4,102 | ||||||||
| Profit After Tax | 28,372 | 16,437 | ||||||||
| Dividends Paid | 5,000 | 0 | ||||||||
| Retained Profit | 23,372 | 16,437 | ||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 155 | 61 | 57 | 80 | ||||||
| EBITDA* | 39,650 | 21,006 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 74,767 | 92,821 | 116,815 | 28,212 | 30,906 | 35,692 | 2,062 | 2,577 | 3,252 | 3,825 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 19,643 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 74,767 | 92,821 | 116,815 | 28,212 | 30,906 | 35,692 | 21,705 | 47,577 | 3,252 | 3,825 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 665,380 | 1,641,905 | 696,892 | 2,497,326 | 1,424,179 | 259,112 | 60,385 | 57,496 | 3,900 | 3,900 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 87,587 | 999 | 27,766 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 654,873 | 4,591,463 | 784,407 | 0 | 186,995 | 11,610 | 42,478 | 29,845 | 33,577 | 9,066 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20,000 |
| total current assets | 1,407,840 | 6,234,367 | 1,509,065 | 2,497,326 | 1,611,174 | 270,722 | 102,863 | 87,341 | 37,477 | 32,966 |
| total assets | 1,482,607 | 6,327,188 | 1,625,880 | 2,525,538 | 1,642,080 | 306,414 | 124,568 | 134,918 | 40,729 | 36,791 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 405,383 | 4,872,728 | 1,073,681 | 1,732,295 | 1,079,123 | 79,120 | 0 | 25,593 | 5,317 | 6,282 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 103,508 | 49,938 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 208,010 | 863,386 | 131,811 | 0 | 309,118 | 88,222 | 58,806 | 0 | 0 | 0 |
| total current liabilities | 613,393 | 5,736,114 | 1,205,492 | 1,732,295 | 1,491,749 | 217,280 | 58,806 | 25,593 | 5,317 | 6,282 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60,000 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 60,000 | 0 | 0 |
| total liabilities | 613,393 | 5,736,114 | 1,205,492 | 1,732,295 | 1,491,749 | 217,280 | 58,806 | 85,593 | 5,317 | 6,282 |
| net assets | 869,214 | 591,074 | 420,388 | 793,243 | 150,331 | 89,134 | 65,762 | 49,325 | 35,412 | 30,509 |
| total shareholders funds | 869,214 | 591,074 | 420,388 | 793,243 | 150,331 | 89,134 | 65,762 | 49,325 | 35,412 | 30,509 |
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 35,637 | 20,491 | ||||||||
| Depreciation | 18,054 | 23,994 | 21,316 | 7,283 | 4,013 | 515 | 675 | 574 | 675 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -7,286 | -4,102 | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -889,937 | 918,246 | -1,772,668 | 1,073,147 | 1,165,067 | 198,727 | 2,889 | 53,596 | 0 | 3,900 |
| Creditors | -4,467,345 | 3,799,047 | -658,614 | 653,172 | 1,000,003 | 79,120 | -25,593 | 20,276 | -965 | 6,282 |
| Accruals and Deferred Income | -655,376 | 731,575 | 131,811 | -309,118 | 220,896 | 29,416 | 58,806 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -57,827 | 47,228 | ||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -45,000 | 45,000 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -103,508 | 53,570 | 49,938 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -60,000 | 60,000 | 0 | 0 |
| share issue | ||||||||||
| interest | 21 | 48 | ||||||||
| cash flow from financing | 49,959 | -59,952 | ||||||||
| cash and cash equivalents | ||||||||||
| cash | -3,936,590 | 3,807,056 | 784,407 | -186,995 | 175,385 | -30,868 | 12,633 | -3,732 | 24,511 | 9,066 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,936,590 | 3,807,056 | 784,407 | -186,995 | 175,385 | -30,868 | 12,633 | -3,732 | 24,511 | 9,066 |
brites associates limited Credit Report and Business Information
Brites Associates Limited Competitor Analysis
Perform a competitor analysis for brites associates limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in LU1 area or any other competitors across 12 key performance metrics.
brites associates limited Ownership
BRITES ASSOCIATES LIMITED group structure
Brites Associates Limited has no subsidiary companies.
Ultimate parent company
1 parent
BRITES ASSOCIATES LIMITED
07953406
brites associates limited directors
Brites Associates Limited currently has 2 directors. The longest serving directors include Mr Attique Ahmed (Feb 2018) and Mr Derek Avery (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Attique Ahmed | England | 56 years | Feb 2018 | - | Director |
| Mr Derek Avery | United Kingdom | 58 years | Oct 2019 | - | Director |
P&L
August 2022turnover
9.6m
-44%
operating profit
297.5k
0%
gross margin
38.2%
+3.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
869.2k
+0.47%
total assets
1.5m
-0.77%
cash
654.9k
-0.86%
net assets
Total assets minus all liabilities
brites associates limited company details
company number
07953406
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
February 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
August 2022
previous names
N/A
accountant
-
auditor
-
address
suite 500, aw house,, 6-8 stuart street, luton, bedfordshire, LU1 2SJ
Bank
-
Legal Advisor
-
brites associates 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 1 charges/mortgages relating to brites associates limited. Currently there are 0 open charges and 1 have been satisfied in the past.
brites associates 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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brites associates limited Companies House Filings - See Documents
| date | description | view/download |
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