chartway drylining limited
chartway drylining limited Company Information
Company Number
08226650
Next Accounts
2 days late
Shareholders
chartway group limited
Group Structure
View All
Industry
Plastering
Registered Address
4 abbey wood road, kings hill, kent, ME19 4AB
Website
chartwaygroup.co.ukchartway drylining limited Estimated Valuation
Pomanda estimates the enterprise value of CHARTWAY DRYLINING LIMITED at £4.5m based on a Turnover of £9m and 0.5x industry multiple (adjusted for size and gross margin).
chartway drylining limited Estimated Valuation
Pomanda estimates the enterprise value of CHARTWAY DRYLINING LIMITED at £5.7m based on an EBITDA of £1.2m and a 4.72x industry multiple (adjusted for size and gross margin).
chartway drylining limited Estimated Valuation
Pomanda estimates the enterprise value of CHARTWAY DRYLINING LIMITED at £15.9m based on Net Assets of £6.6m and 2.42x industry multiple (adjusted for liquidity).
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Chartway Drylining Limited Overview
Chartway Drylining Limited is a live company located in kent, ME19 4AB with a Companies House number of 08226650. It operates in the plastering sector, SIC Code 43310. Founded in September 2012, it's largest shareholder is chartway group limited with a 100% stake. Chartway Drylining Limited is a established, mid sized company, Pomanda has estimated its turnover at £9m with healthy growth in recent years.
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Chartway Drylining Limited Health Check
Pomanda's financial health check has awarded Chartway Drylining Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £9m, make it larger than the average company (£177.4k)
£9m - Chartway Drylining Limited
£177.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.9%)
11% - Chartway Drylining Limited
6.9% - Industry AVG
Production
with a gross margin of 22.9%, this company has a comparable cost of product (27.9%)
22.9% - Chartway Drylining Limited
27.9% - Industry AVG
Profitability
an operating margin of 13.2% make it more profitable than the average company (8.3%)
13.2% - Chartway Drylining Limited
8.3% - Industry AVG
Employees
with 9 employees, this is above the industry average (2)
9 - Chartway Drylining Limited
2 - Industry AVG
Pay Structure
on an average salary of £29.8k, the company has an equivalent pay structure (£29.8k)
- Chartway Drylining Limited
£29.8k - Industry AVG
Efficiency
resulting in sales per employee of £996k, this is more efficient (£153.5k)
£996k - Chartway Drylining Limited
£153.5k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is near the average (33 days)
32 days - Chartway Drylining Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (40 days)
15 days - Chartway Drylining Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Chartway Drylining Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 17 weeks, this is less cash available to meet short term requirements (24 weeks)
17 weeks - Chartway Drylining Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.3%, this is a lower level of debt than the average (53.2%)
25.3% - Chartway Drylining Limited
53.2% - Industry AVG
CHARTWAY DRYLINING LIMITED financials
Chartway Drylining Limited's latest turnover from May 2023 is £9 million and the company has net assets of £6.6 million. According to their latest financial statements, Chartway Drylining Limited has 9 employees and maintains cash reserves of £704.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 8,963,868 | 7,041,004 | 6,672,322 | 6,610,731 | 7,046,027 | 7,581,853 | 7,144,013 | 8,329,866 | 6,229,321 | 2,341,710 | 390,541 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 6,916,026 | 5,316,567 | 4,851,899 | 4,943,717 | 5,272,452 | 5,835,162 | 5,223,864 | 5,759,314 | 4,614,315 | 1,697,659 | 286,342 |
| Gross Profit | 2,047,842 | 1,724,437 | 1,820,423 | 1,667,014 | 1,773,575 | 1,746,691 | 1,920,149 | 2,570,552 | 1,615,006 | 644,051 | 104,199 |
| Admin Expenses | 863,833 | 826,601 | 693,931 | 675,253 | 731,984 | 726,187 | 624,963 | 578,262 | 489,155 | 236,752 | |
| Operating Profit | 1,184,009 | 897,836 | 1,126,492 | 991,761 | 1,041,591 | 1,020,504 | 1,295,186 | 1,992,290 | 1,125,851 | 407,299 | |
| Interest Payable | 88 | 1,179 | 500 | 500 | |||||||
| Interest Receivable | 7,054 | 391 | 300 | 1,717 | 2,787 | 793 | 309 | 889 | 248 | ||
| Pre-Tax Profit | 1,191,063 | 898,227 | 1,126,704 | 993,478 | 1,044,378 | 1,020,118 | 1,294,995 | 1,992,679 | 1,126,099 | 407,299 | 33,668 |
| Tax | -21,396 | -186,916 | -218,254 | -185,163 | -197,666 | -194,393 | -257,371 | -397,468 | -234,224 | -89,796 | -6,733 |
| Profit After Tax | 1,169,667 | 711,311 | 908,450 | 808,315 | 846,712 | 825,725 | 1,037,624 | 1,595,211 | 891,875 | 317,503 | 26,935 |
| Dividends Paid | 1,000,000 | 1,500,000 | 53,340 | ||||||||
| Retained Profit | 1,169,667 | 711,311 | 908,450 | 808,315 | 846,712 | -174,275 | 1,037,624 | 95,211 | 838,535 | 317,503 | 26,935 |
| Employee Costs | 327,633 | 288,139 | |||||||||
| Number Of Employees | 9 | 11 | 8 | 8 | 8 | 10 | 8 | 7 | |||
| EBITDA* | 1,201,556 | 904,102 | 1,152,672 | 1,022,170 | 1,080,474 | 1,066,792 | 1,340,719 | 2,033,298 | 1,152,761 | 421,704 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 56,559 | 37,734 | 34,233 | 58,414 | 80,562 | 90,048 | 106,962 | 104,140 | 52,695 | 29,785 | |
| Intangible Assets | |||||||||||
| Investments & Other | |||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 56,559 | 37,734 | 34,233 | 58,414 | 80,562 | 90,048 | 106,962 | 104,140 | 52,695 | 29,785 | |
| Stock & work in progress | |||||||||||
| Trade Debtors | 804,054 | 270,746 | 372,637 | 109,594 | 539,181 | 530,813 | 765,244 | 1,037,368 | 754,276 | 491,367 | 109,963 |
| Group Debtors | 6,613,988 | 4,672,672 | 468,712 | 3,485,070 | 511,988 | 470,285 | 305,353 | 567,193 | 73,204 | ||
| Misc Debtors | 634,186 | 466,233 | 478,723 | 390,651 | 474,478 | 561,374 | 571,865 | 464,504 | 285,515 | 20,251 | 15,924 |
| Cash | 704,071 | 1,148,732 | 4,364,781 | 709,476 | 2,719,551 | 1,352,534 | 1,268,178 | 390,305 | 816,333 | 124,654 | 92,748 |
| misc current assets | |||||||||||
| total current assets | 8,756,299 | 6,558,383 | 5,684,853 | 4,694,791 | 4,245,198 | 2,915,006 | 2,910,640 | 2,459,370 | 1,929,328 | 636,272 | 218,635 |
| total assets | 8,812,858 | 6,596,117 | 5,684,853 | 4,729,024 | 4,303,612 | 2,995,568 | 3,000,688 | 2,566,332 | 2,033,468 | 688,967 | 248,420 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 299,308 | 325,293 | 299,505 | 312,223 | 692,343 | 360,071 | 323,178 | 502,729 | 447,888 | 108,226 | 99,617 |
| Group/Directors Accounts | 166,363 | 168,473 | 105,901 | 115,730 | 91,567 | 96,000 | 103,372 | 103,457 | |||
| other short term finances | |||||||||||
| hp & lease commitments | 4,444 | 4,444 | 4,444 | ||||||||
| other current liabilities | 1,647,245 | 577,232 | 573,437 | 500,023 | 524,720 | 384,184 | 334,780 | 750,765 | 363,006 | 121,392 | 11,454 |
| total current liabilities | 2,112,916 | 1,070,998 | 978,843 | 927,976 | 1,308,630 | 840,255 | 662,402 | 1,257,938 | 815,338 | 332,990 | 214,528 |
| loans | |||||||||||
| hp & lease commitments | 4,443 | 8,887 | 13,331 | ||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | 112,953 | 107,798 | 3,488 | 5,737 | 12,780 | 17,035 | 20,323 | 20,826 | 10,539 | 5,957 | |
| total long term liabilities | 112,953 | 107,798 | 3,488 | 5,737 | 12,780 | 21,478 | 29,210 | 34,157 | 10,539 | 5,957 | |
| total liabilities | 2,225,869 | 1,178,796 | 978,843 | 931,464 | 1,314,367 | 853,035 | 683,880 | 1,287,148 | 849,495 | 343,529 | 220,485 |
| net assets | 6,586,989 | 5,417,321 | 4,706,010 | 3,797,560 | 2,989,245 | 2,142,533 | 2,316,808 | 1,279,184 | 1,183,973 | 345,438 | 27,935 |
| total shareholders funds | 6,586,989 | 5,417,321 | 4,706,010 | 3,797,560 | 2,989,245 | 2,142,533 | 2,316,808 | 1,279,184 | 1,183,973 | 345,438 | 27,935 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 1,184,009 | 897,836 | 1,126,492 | 991,761 | 1,041,591 | 1,020,504 | 1,295,186 | 1,992,290 | 1,125,851 | 407,299 | |
| Depreciation | 17,547 | 6,266 | 26,180 | 30,409 | 38,883 | 46,288 | 45,533 | 41,008 | 26,910 | 14,405 | 4,295 |
| Amortisation | |||||||||||
| Tax | -21,396 | -186,916 | -218,254 | -185,163 | -197,666 | -194,393 | -257,371 | -397,468 | -234,224 | -89,796 | -6,733 |
| Stock | |||||||||||
| Debtors | 2,642,577 | 4,089,579 | -2,665,243 | 2,459,668 | -36,825 | -79,990 | -426,603 | 956,070 | 601,377 | 385,731 | 125,887 |
| Creditors | -25,985 | 25,788 | -12,718 | -380,120 | 332,272 | 36,893 | -179,551 | 54,841 | 339,662 | 8,609 | 99,617 |
| Accruals and Deferred Income | 1,070,013 | 3,795 | 73,414 | -24,697 | 140,536 | 49,404 | -415,985 | 387,759 | 241,614 | 109,938 | 11,454 |
| Deferred Taxes & Provisions | 5,155 | 107,798 | -3,488 | -2,249 | -7,043 | -4,255 | -3,288 | -503 | 10,287 | 4,582 | 5,957 |
| Cash flow from operations | -413,234 | -3,235,012 | 3,656,869 | -2,029,727 | 1,385,398 | 1,034,431 | 911,127 | 1,121,857 | 908,723 | 69,306 | |
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | |||||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | -2,110 | 62,572 | -9,829 | 24,163 | -4,433 | 96,000 | -103,372 | -85 | 103,457 | ||
| Other Short Term Loans | |||||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | -8,887 | -4,444 | -4,444 | 17,775 | |||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | 7,054 | 391 | 212 | 1,717 | 2,787 | -386 | -191 | 389 | 248 | ||
| cash flow from financing | 4,945 | 62,963 | -9,617 | 25,880 | -1,646 | 86,727 | -4,635 | -4,055 | -85,349 | -85 | 104,457 |
| cash and cash equivalents | |||||||||||
| cash | -444,661 | -3,216,049 | 3,655,305 | -2,010,075 | 1,367,017 | 84,356 | 877,873 | -426,028 | 691,679 | 31,906 | 92,748 |
| overdraft | |||||||||||
| change in cash | -444,661 | -3,216,049 | 3,655,305 | -2,010,075 | 1,367,017 | 84,356 | 877,873 | -426,028 | 691,679 | 31,906 | 92,748 |
chartway drylining limited Credit Report and Business Information
Chartway Drylining Limited Competitor Analysis
Perform a competitor analysis for chartway drylining limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in ME19 area or any other competitors across 12 key performance metrics.
chartway drylining limited Ownership
CHARTWAY DRYLINING LIMITED group structure
Chartway Drylining Limited has no subsidiary companies.
Ultimate parent company
2 parents
CHARTWAY DRYLINING LIMITED
08226650
chartway drylining limited directors
Chartway Drylining Limited currently has 5 directors. The longest serving directors include Mr Stephen Cox (Sep 2012) and Mr Steve Cresswell (Jun 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Cox | England | 59 years | Sep 2012 | - | Director |
| Mr Steve Cresswell | England | 50 years | Jun 2022 | - | Director |
| Mr Gavin Hunt | England | 45 years | Oct 2023 | - | Director |
| Mr Graham Chivers | England | 44 years | Mar 2024 | - | Director |
| Mr Alastair Narraway | England | 61 years | Aug 2024 | - | Director |
P&L
May 2023turnover
9m
+27%
operating profit
1.2m
+32%
gross margin
22.9%
-6.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
6.6m
+0.22%
total assets
8.8m
+0.34%
cash
704.1k
-0.39%
net assets
Total assets minus all liabilities
chartway drylining limited company details
company number
08226650
Type
Private limited with Share Capital
industry
43310 - Plastering
incorporation date
September 2012
age
13
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
May 2023
previous names
cgl drylining limited (February 2023)
accountant
-
auditor
CROWE U.K. LLP
address
4 abbey wood road, kings hill, kent, ME19 4AB
Bank
-
Legal Advisor
-
chartway drylining 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 chartway drylining limited. Currently there are 1 open charges and 0 have been satisfied in the past.
chartway drylining 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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chartway drylining limited Companies House Filings - See Documents
| date | description | view/download |
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