eastbourne auctions ltd

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eastbourne auctions ltd Company Information

Share EASTBOURNE AUCTIONS LTD

Company Number

08325075

Directors

Jeanette May

Shareholders

planetoid holdings limited

nicolette achelleous

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Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

archer house britland estate, northbourne road, eastbourne, east sussex, BN22 8PW

eastbourne auctions ltd Estimated Valuation

£377.1k

Pomanda estimates the enterprise value of EASTBOURNE AUCTIONS LTD at £377.1k based on a Turnover of £673.4k and 0.56x industry multiple (adjusted for size and gross margin).

eastbourne auctions ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of EASTBOURNE AUCTIONS LTD at £0 based on an EBITDA of £-64.7k and a 4.03x industry multiple (adjusted for size and gross margin).

eastbourne auctions ltd Estimated Valuation

£424.9k

Pomanda estimates the enterprise value of EASTBOURNE AUCTIONS LTD at £424.9k based on Net Assets of £185.1k and 2.3x industry multiple (adjusted for liquidity).

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Eastbourne Auctions Ltd Overview

Eastbourne Auctions Ltd is a live company located in eastbourne, BN22 8PW with a Companies House number of 08325075. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in December 2012, it's largest shareholder is planetoid holdings limited with a 90.9% stake. Eastbourne Auctions Ltd is a established, small sized company, Pomanda has estimated its turnover at £673.4k with declining growth in recent years.

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Eastbourne Auctions Ltd Health Check

Pomanda's financial health check has awarded Eastbourne Auctions Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £673.4k, make it smaller than the average company (£3.7m)

£673.4k - Eastbourne Auctions Ltd

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -49%, show it is growing at a slower rate (8.3%)

-49% - Eastbourne Auctions Ltd

8.3% - Industry AVG

production

Production

with a gross margin of 37.9%, this company has a comparable cost of product (37.9%)

37.9% - Eastbourne Auctions Ltd

37.9% - Industry AVG

profitability

Profitability

an operating margin of -12.1% make it less profitable than the average company (5.7%)

-12.1% - Eastbourne Auctions Ltd

5.7% - Industry AVG

employees

Employees

with 11 employees, this is below the industry average (22)

11 - Eastbourne Auctions Ltd

22 - Industry AVG

paystructure

Pay Structure

on an average salary of £46.5k, the company has an equivalent pay structure (£46.5k)

£46.5k - Eastbourne Auctions Ltd

£46.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £61.2k, this is less efficient (£146.6k)

£61.2k - Eastbourne Auctions Ltd

£146.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 2 days, this is earlier than average (36 days)

2 days - Eastbourne Auctions Ltd

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 70 days, this is slower than average (32 days)

70 days - Eastbourne Auctions Ltd

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Eastbourne Auctions Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 70 weeks, this is more cash available to meet short term requirements (27 weeks)

70 weeks - Eastbourne Auctions Ltd

27 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 63.7%, this is a similar level of debt than the average (58.7%)

63.7% - Eastbourne Auctions Ltd

58.7% - Industry AVG

EASTBOURNE AUCTIONS LTD financials

EXPORTms excel logo

Eastbourne Auctions Ltd's latest turnover from March 2024 is estimated at £673.4 thousand and the company has net assets of £185.1 thousand. According to their latest financial statements, Eastbourne Auctions Ltd has 11 employees and maintains cash reserves of £440.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Dec 2014Dec 2013
Turnover673,412541,4632,974,7875,190,7782,970,2852,437,3491,479,488464,063439,45226,180
Other Income Or Grants
Cost Of Sales418,555333,5461,846,6223,259,9621,844,4521,519,875919,098283,834274,03316,571
Gross Profit254,857207,9161,128,1641,930,8151,125,833917,475560,390180,230165,4209,609
Admin Expenses336,637186,4741,527,0721,773,209963,639750,296470,81682,19978,43014,598
Operating Profit-81,78021,442-398,908157,606162,194167,17989,57498,03186,990-4,989
Interest Payable312255
Interest Receivable27,33112,7705114684316
Pre-Tax Profit-54,76233,957-398,908157,606162,194167,17990,08598,49987,421-4,983
Tax-6,452-29,945-30,817-31,764-17,116-19,700-17,484
Profit After Tax-54,76227,505-398,908127,661131,377135,41572,96978,79969,937-4,983
Dividends Paid
Retained Profit-54,76227,505-398,908127,661131,377135,41572,96978,79969,937-4,983
Employee Costs511,256492,764465,838483,372517,840463,187291,191142,166142,65635,555
Number Of Employees1111111213128441
EBITDA*-64,67521,442-398,908157,606162,194167,17989,574106,60686,990-4,989

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Dec 2014Dec 2013
Tangible Assets51,31755,49465,93751,67433,89221,38226,03225,725
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets51,31755,49465,93751,67433,89221,38226,03225,725
Stock & work in progress
Trade Debtors3,7596,147526,9791,039,778592,951490,471295,2508,59519,070737
Group Debtors100,000
Misc Debtors14,0429,480
Cash440,243600,924204,493170,0402,499
misc current assets5,885100,000
total current assets458,044716,551526,9791,039,778592,951490,471301,135313,088189,1103,236
total assets509,361772,045592,9161,091,452626,843511,853327,167338,813189,1103,236
Bank overdraft5774,975
Bank loan
Trade Creditors 81,04420,082380,649430,277143,329128,14376,445160,960124,0568,218
Group/Directors Accounts118,000252,12031,573
other short term finances
hp & lease commitments
other current liabilities124,620254,986
total current liabilities324,241532,163380,649430,277143,329159,71676,445160,960124,0568,218
loans
hp & lease commitments
Accruals and Deferred Income34,000
other liabilities50,000
provisions34,000
total long term liabilities50,00034,00034,000
total liabilities324,241532,163380,649480,277143,329159,716110,445194,960124,0568,218
net assets185,120239,882212,267611,175483,514352,137216,722143,85365,054-4,982
total shareholders funds185,120239,882212,267611,175483,514352,137216,722143,85365,054-4,982
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Dec 2014Dec 2013
Operating Activities
Operating Profit-81,78021,442-398,908157,606162,194167,17989,57498,03186,990-4,989
Depreciation17,1058,575
Amortisation
Tax-6,452-29,945-30,817-31,764-17,116-19,700-17,484
Stock
Debtors-97,826-411,352-512,799446,827102,480195,221286,655-10,47518,333737
Creditors60,962-360,567-49,628286,94815,18651,698-84,51536,904115,8388,218
Accruals and Deferred Income-130,366254,986-34,00034,000
Deferred Taxes & Provisions-34,00034,000
Cash flow from operations-36,253320,76164,263-32,21844,083-42,108-298,712168,285167,0112,492
Investing Activities
capital expenditure-12,92810,443-14,263-17,782-12,5104,650-307-34,300
Change in Investments
cash flow from investments-12,92810,443-14,263-17,782-12,5104,650-307-34,300
Financing Activities
Bank loans
Group/Directors Accounts-134,120252,120-31,57331,573
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-50,00050,000
share issue110-100991
interest27,01912,5155114684316
cash flow from financing-107,101264,745-50,00050,000-31,57331,5734114685307
cash and cash equivalents
cash-160,681600,924-204,49334,453167,5412,499
overdraft-4,3984,975
change in cash-156,283595,949-204,49334,453167,5412,499

eastbourne auctions ltd 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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Eastbourne Auctions Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for eastbourne auctions ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in BN22 area or any other competitors across 12 key performance metrics.

eastbourne auctions ltd Ownership

EASTBOURNE AUCTIONS LTD group structure

Eastbourne Auctions Ltd has no subsidiary companies.

Ultimate parent company

EASTBOURNE AUCTIONS LTD

08325075

EASTBOURNE AUCTIONS LTD Shareholders

planetoid holdings limited 90.91%
nicolette achelleous 4.55%
jeanette may 4.55%

eastbourne auctions ltd directors

Eastbourne Auctions Ltd currently has 1 director, Ms Jeanette May serving since Dec 2012.

officercountryagestartendrole
Ms Jeanette MayUnited Kingdom63 years Dec 2012- Director

P&L

March 2024

turnover

673.4k

+24%

operating profit

-81.8k

0%

gross margin

37.9%

-1.44%

turnover

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

Balance Sheet

March 2024

net assets

185.1k

-0.23%

total assets

509.4k

-0.34%

cash

440.2k

-0.27%

net assets

Total assets minus all liabilities

eastbourne auctions ltd company details

company number

08325075

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

December 2012

age

13

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

saleroom limited (November 2013)

accountant

-

auditor

-

address

archer house britland estate, northbourne road, eastbourne, east sussex, BN22 8PW

Bank

-

Legal Advisor

-

eastbourne auctions 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 did not find charges/mortgages relating to eastbourne auctions ltd.

eastbourne auctions 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.

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eastbourne auctions ltd Companies House Filings - See Documents

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