the independent coatings group limited
the independent coatings group limited Company Information
Company Number
07997201
Registered Address
independent coatings group limit, whessoe road, darlington, DL3 0XH
Industry
Activities of head offices
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
spencer coatings group 100%
the independent coatings group limited Estimated Valuation
Pomanda estimates the enterprise value of THE INDEPENDENT COATINGS GROUP LIMITED at £0 based on a Turnover of £0 and 2.72x industry multiple (adjusted for size and gross margin).
the independent coatings group limited Estimated Valuation
Pomanda estimates the enterprise value of THE INDEPENDENT COATINGS GROUP LIMITED at £10.3m based on an EBITDA of £2.2m and a 4.66x industry multiple (adjusted for size and gross margin).
the independent coatings group limited Estimated Valuation
Pomanda estimates the enterprise value of THE INDEPENDENT COATINGS GROUP LIMITED at £12m based on Net Assets of £3m and 3.95x industry multiple (adjusted for liquidity).
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The Independent Coatings Group Limited Overview
The Independent Coatings Group Limited is a live company located in darlington, DL3 0XH with a Companies House number of 07997201. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 2012, it's largest shareholder is spencer coatings group with a 100% stake. The Independent Coatings Group Limited is a established, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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The Independent Coatings Group Limited Health Check
Pomanda's financial health check has awarded The Independent Coatings Group Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 1 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
1 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- The Independent Coatings Group Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
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Profitability
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Employees
with 2 employees, this is below the industry average (119)
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- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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Debtor Days
There is insufficient data available for this Key Performance Indicator!
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Creditor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.7%, this is a lower level of debt than the average (57.4%)
- - The Independent Coatings Group Limited
- - Industry AVG
the independent coatings group limited Credit Report and Business Information
The Independent Coatings Group Limited Competitor Analysis
Perform a competitor analysis for the independent coatings group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
the independent coatings group limited Ownership
THE INDEPENDENT COATINGS GROUP LIMITED group structure
The Independent Coatings Group Limited has 2 subsidiary companies.
Ultimate parent company
AXALTA COATING SYSTEMS LTD
#0081123
2 parents
THE INDEPENDENT COATINGS GROUP LIMITED
07997201
2 subsidiaries
the independent coatings group limited directors
The Independent Coatings Group Limited currently has 2 directors. The longest serving directors include Mr James Blenkinsopp (Jun 2017) and Mr Farrell Dolan (Jun 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Blenkinsopp | United Kingdom | 66 years | Jun 2017 | - | Director |
| Mr Farrell Dolan | United Kingdom | 54 years | Jun 2019 | - | Director |
THE INDEPENDENT COATINGS GROUP LIMITED financials
The Independent Coatings Group Limited's latest turnover from December 2022 is 0 and the company has net assets of £3 million. According to their latest financial statements, The Independent Coatings Group Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Sep 2016 | Sep 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,465,579 | 9,154,646 | 8,018,513 |
| Other Income Or Grants | 0 | 0 | 0 | |||||||
| Cost Of Sales | 8,359,188 | 6,140,509 | 5,628,803 | |||||||
| Gross Profit | 5,106,391 | 3,014,137 | 2,389,710 | |||||||
| Admin Expenses | 4,223,141 | 2,868,987 | 1,668,107 | |||||||
| Operating Profit | 2,220,092 | -20,226 | -24,273 | -24,273 | -24,292 | -22,921 | 73,924 | 883,250 | 145,150 | 721,603 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,452 | 44,789 | 44,271 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 575,000 | 725,000 | 8,303 | 39 | 51 |
| Pre-Tax Profit | 2,220,092 | -20,226 | -24,273 | -24,273 | -24,292 | 552,079 | 798,924 | 857,101 | 100,400 | 677,383 |
| Tax | 0 | 0 | 0 | 0 | 549 | 0 | 12,201 | 0 | 59,700 | -7,546 |
| Profit After Tax | 2,220,092 | -20,226 | -24,273 | -24,273 | -23,743 | 552,079 | 811,125 | 857,101 | 160,100 | 669,837 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 575,000 | 1,090,000 | 400,000 | 0 | 0 |
| Retained Profit | 2,220,092 | -20,226 | -24,273 | -24,273 | -23,743 | -22,921 | -278,875 | 457,101 | 160,100 | 669,837 |
| Employee Costs | 0 | 0 | 0 | 2,723,627 | 1,867,209 | 1,857,873 | ||||
| Number Of Employees | 2 | 2 | 56 | 59 | 74 | |||||
| EBITDA* | 2,220,092 | 0 | 0 | 0 | -19 | 7,420 | 93,342 | 1,209,469 | 334,681 | 909,054 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Sep 2016 | Sep 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 828,098 | 848,324 | 872,597 | 896,870 | 921,143 | 951,484 | 1,697,344 | 1,789,420 | 1,892,877 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 166,578 | 222,104 |
| Investments & Other | 5 | 5 | 5 | 5 | 5 | 5 | 7 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 150,451 | 0 | 0 |
| Total Fixed Assets | 5 | 828,103 | 848,329 | 872,602 | 896,875 | 921,148 | 951,491 | 1,847,795 | 1,955,998 | 2,114,981 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 950,248 | 904,146 | 976,135 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,657,317 | 1,598,684 | 1,453,369 |
| Group Debtors | 3,643,212 | 902 | 902 | 902 | 902 | 902 | 0 | 231,970 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 85 | 154,580 | 174,055 | 97,287 |
| Cash | 0 | 0 | 0 | 0 | 0 | 19 | 59,017 | 1,094,753 | 692,540 | 391,007 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,643,212 | 902 | 902 | 902 | 902 | 921 | 59,102 | 4,088,868 | 3,369,425 | 2,917,798 |
| total assets | 3,643,217 | 829,005 | 849,231 | 873,504 | 897,777 | 922,069 | 1,010,593 | 5,936,663 | 5,325,423 | 5,032,779 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,057,555 | 993,345 | 917,861 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,230,788 | 1,141,095 | 851,121 |
| Group/Directors Accounts | 0 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 65,658 | 82,987 | 0 | 75,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 83,574 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 607,120 | 0 | 0 | 0 | 0 | 0 | 12,945 | 372,264 | 455,015 | 512,688 |
| total current liabilities | 607,120 | 13,000 | 13,000 | 13,000 | 13,000 | 13,000 | 78,603 | 2,743,594 | 2,589,455 | 2,440,244 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,667 |
| 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 | 0 | 0 | 0 |
| provisions | 0 | 161,195 | 124,174 | 124,174 | 128,300 | 132,975 | 138,740 | 0 | 0 | 0 |
| total long term liabilities | 0 | 161,195 | 124,174 | 124,174 | 128,300 | 132,975 | 138,740 | 0 | 0 | 16,667 |
| total liabilities | 607,120 | 174,195 | 137,174 | 137,174 | 141,300 | 145,975 | 217,343 | 2,743,594 | 2,589,455 | 2,456,911 |
| net assets | 3,036,097 | 654,810 | 712,057 | 736,330 | 756,477 | 776,094 | 793,250 | 3,193,069 | 2,735,968 | 2,575,868 |
| total shareholders funds | 3,036,097 | 654,810 | 712,057 | 736,330 | 756,477 | 776,094 | 793,250 | 3,193,069 | 2,735,968 | 2,575,868 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Sep 2016 | Sep 2015 | Mar 2014 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 2,220,092 | -20,226 | -24,273 | -24,273 | -24,292 | -22,921 | 73,924 | 883,250 | 145,150 | 721,603 |
| Depreciation | 0 | 20,226 | 24,273 | 24,273 | 24,273 | 30,341 | 159,641 | 134,005 | 131,925 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 19,418 | 166,578 | 55,526 | 55,526 |
| Tax | 0 | 0 | 0 | 0 | 549 | 0 | 12,201 | 0 | 59,700 | -7,546 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -950,248 | 46,102 | -71,989 | 976,135 |
| Debtors | 3,642,310 | 0 | 0 | 0 | 0 | 817 | -2,194,233 | 421,579 | 222,083 | 1,550,656 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | -1,230,788 | 89,693 | 289,974 | 851,121 |
| Accruals and Deferred Income | 607,120 | 0 | 0 | 0 | 0 | -12,945 | -359,319 | -82,751 | -57,673 | 512,688 |
| Deferred Taxes & Provisions | -161,195 | 37,021 | 0 | -4,126 | -4,675 | -5,765 | 138,740 | 0 | 0 | 0 |
| Cash flow from operations | -976,293 | 37,021 | 0 | -4,126 | -4,145 | -12,107 | 748,730 | 476,588 | -261,474 | |
| Investing Activities | ||||||||||
| capital expenditure | -116,232 | -30,548 | -179,740 | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -2 | 7 | 0 | 0 | 0 |
| cash flow from investments | -116,232 | -30,548 | -179,740 | |||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -13,000 | 0 | 0 | 0 | 0 | -52,658 | -17,329 | 82,987 | -75,000 | 75,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -83,574 | 83,574 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -16,667 | 16,667 |
| 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 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 575,000 | 725,000 | -26,149 | -44,750 | -44,220 |
| cash flow from financing | 148,195 | -37,021 | 0 | 4,126 | 4,126 | 528,107 | -1,413,273 | 56,838 | -219,991 | 2,037,052 |
| cash and cash equivalents | ||||||||||
| cash | 0 | 0 | 0 | 0 | -19 | -58,998 | -1,035,736 | 402,213 | 301,533 | 391,007 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -1,057,555 | 64,210 | 75,484 | 917,861 |
| change in cash | 0 | 0 | 0 | 0 | -19 | -58,998 | 21,819 | 338,003 | 226,049 | -526,854 |
P&L
December 2022turnover
0
0%
operating profit
2.2m
-11076%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3m
+3.64%
total assets
3.6m
+3.39%
cash
0
0%
net assets
Total assets minus all liabilities
the independent coatings group limited company details
company number
07997201
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
March 2012
age
12
accounts
Full Accounts
ultimate parent company
previous names
ensco 924 limited (May 2012)
incorporated
UK
address
independent coatings group limit, whessoe road, darlington, DL3 0XH
last accounts submitted
December 2022
the independent coatings group 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 4 charges/mortgages relating to the independent coatings group limited. Currently there are 0 open charges and 4 have been satisfied in the past.
the independent coatings group limited Companies House Filings - See Documents
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