Afass Limited

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afass limited Company Information

Company Number

08428836

Next Accounts

Dec 2025

Directors

Martin Brown

Stuart Beaton

Shareholders

martin fenwick brown brown

stuart beaton

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Group Structure

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Industry

Security systems service activities

Registered Address

10 mandale park, wallsend road, north shields, tyne and wear, NE29 7FN

Website

www.afass.co.uk

afass limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of AFASS LIMITED at £1m based on Net Assets of £461.3k and 2.17x industry multiple (adjusted for liquidity).

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Afass Limited is a live company located in north shields, NE29 7FN with a Companies House number of 08428836. It operates in the security systems service activities sector, SIC Code 80200. Founded in March 2013, it's largest shareholder is martin fenwick brown brown with a 48.3% stake. Afass Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with high growth in recent years.

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Pomanda's financial health check has awarded Afass Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

3 Strong

8 Regular

1 Weak

Size

annual sales of £1.5m, make it in line with the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8.9%)

EXPORT

Afass Limited's latest turnover from March 2024 is estimated at £1.5 million and the company has net assets of £461.3 thousand. According to their latest financial statements, Afass Limited has 22 employees and maintains cash reserves of £93.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016
Turnover	1,531,656	1,490,088	1,523,825	1,003,992	716,503	712,559	1,177,495	866,377	563,577
Other Income Or Grants
Cost Of Sales	961,228	944,090	972,139	646,316	463,222	459,867	757,679	531,342	331,371
Gross Profit	570,428	545,997	551,686	357,676	253,281	252,692	419,816	335,035	232,205
Admin Expenses	485,234	394,875	471,468	280,908	165,221	118,254	417,217	328,676	217,233
Operating Profit	85,194	151,122	80,218	76,768	88,060	134,438	2,599	6,359	14,972
Interest Payable	14,660	18,603	14,141	9,906	5,573	1,955
Interest Receivable	4,902	4,465	950	70	37	1		15	30
Pre-Tax Profit	75,436	136,984	67,026	66,932	82,525	132,484	2,599	6,374	15,003
Tax	-18,859	-34,246	-12,735	-12,717	-15,680	-25,172	-494	-1,211	-3,000
Profit After Tax	56,577	102,738	54,291	54,215	66,845	107,312	2,105	5,163	12,002
Dividends Paid
Retained Profit	56,577	102,738	54,291	54,215	66,845	107,312	2,105	5,163	12,002
Employee Costs	866,154	802,126	546,301	466,716	320,497	394,149	473,909	378,388	231,891
Number Of Employees	22	21	15	13	9	11	13	11	7
EBITDA*	206,501	260,911	165,539	147,362	114,724	141,262	2,599	6,359	18,670

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016
Tangible Assets	949,433	540,858	409,325	344,646	263,040	105,563	16,062	7,888	11,095
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	949,433	540,858	409,325	344,646	263,040	105,563	16,062	7,888	11,095
Stock & work in progress	10,000	10,000	10,000	15,000	10,000	10,000			1,500
Trade Debtors	308,475	302,313	360,986	210,469	152,246	127,350	211,262	157,398	118,654
Group Debtors
Misc Debtors	56,683	88,968	98,961	104,857	87,733	133,740
Cash	93,918	92,843	85,755	66,199	74,465	340			12,147
misc current assets
total current assets	469,076	494,124	555,702	396,525	324,444	271,430	211,262	157,398	132,301
total assets	1,418,509	1,034,982	965,027	741,171	587,484	376,993	227,324	165,286	143,396
Bank overdraft	40,000	40,000	20,000	20,000	33,532	30,288
Bank loan
Trade Creditors	164,521	186,202	235,783	128,119	85,081	82,194	184,210	146,430	123,160
Group/Directors Accounts
other short term finances
hp & lease commitments	32,065	4,152	4,152	4,152
other current liabilities	216,103	152,407	122,396	83,170	134,776	92,342
total current liabilities	452,689	382,761	382,331	235,441	253,389	204,824	184,210	146,430	123,160
loans	72,502	108,122	170,107	180,000	91,269	27,639
hp & lease commitments	195,533	4,845	8,997	13,149
Accruals and Deferred Income							1,621
other liabilities							22,223	1,689	8,232
provisions	236,534	134,580	101,656	64,937	49,397	17,946
total long term liabilities	504,569	247,547	280,760	258,086	140,666	45,585	23,844	1,689	8,232
total liabilities	957,258	630,308	663,091	493,527	394,055	250,409	208,054	148,119	131,392
net assets	461,251	404,674	301,936	247,644	193,429	126,584	19,270	17,167	12,004
total shareholders funds	461,251	404,674	301,936	247,644	193,429	126,584	19,270	17,167	12,004

	Mar 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016
Operating Activities
Operating Profit	85,194	151,122	80,218	76,768	88,060	134,438	2,599	6,359	14,972
Depreciation	121,307	109,789	85,321	70,594	26,664	6,824			3,698
Amortisation
Tax	-18,859	-34,246	-12,735	-12,717	-15,680	-25,172	-494	-1,211	-3,000
Stock			-5,000	5,000		10,000		-1,500	1,500
Debtors	-26,123	-68,666	144,621	75,347	-21,111	49,828	53,864	38,744	118,654
Creditors	-21,681	-49,581	107,664	43,038	2,887	-102,016	37,780	23,270	123,160
Accruals and Deferred Income	63,696	30,011	39,226	-51,606	42,434	90,721	1,621
Deferred Taxes & Provisions	101,954	32,924	36,719	15,540	31,451	17,946
Cash flow from operations	357,734	308,685	196,792	61,270	196,927	62,913	-12,358	-8,826	18,676
Investing Activities
capital expenditure	-529,882	-241,322	-150,000	-152,200	-184,141	-96,325	-8,174	3,207	-14,793
Change in Investments
cash flow from investments	-529,882	-241,322	-150,000	-152,200	-184,141	-96,325	-8,174	3,207	-14,793
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans	-35,620	-61,985	-9,893	88,731	63,630	27,639
Hire Purchase and Lease Commitments	218,601	-4,152	-4,152	17,301
other long term liabilities						-22,223	20,534	-6,543	8,232
share issue			1			2	-2		2
interest	-9,758	-14,138	-13,191	-9,836	-5,536	-1,954		15	30
cash flow from financing	173,223	-80,275	-27,235	96,196	58,094	3,464	20,532	-6,528	8,264
cash and cash equivalents
cash	1,075	7,088	19,556	-8,266	74,125	340		-12,147	12,147
overdraft		20,000		-13,532	3,244	30,288
change in cash	1,075	-12,912	19,556	5,266	70,881	-29,948		-12,147	12,147

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for afass limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in NE29 area or any other competitors across 12 key performance metrics.

AFASS LIMITED group structure

Afass Limited has no subsidiary companies.

Ultimate parent company

AFASS LIMITED

08428836

AFASS LIMITED Shareholders

martin fenwick brown brown	48.33%
stuart beaton	48.33%
kathleen beaton	1.67%
deborah anne brown	1.67%

Afass Limited currently has 2 directors. The longest serving directors include Mr Martin Brown (Mar 2013) and Mr Stuart Beaton (Sep 2019).

officer	country	age	start	end	role
Mr Martin Brown	England	55 years	Mar 2013	-	Director
Mr Stuart Beaton	England	39 years	Sep 2019	-	Director

P&L

March 2024

turnover

1.5m

+3%

operating profit

85.2k

gross margin

37.3%

+1.64%

turnover

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

Balance Sheet

March 2024

net assets

461.3k

+0.14%

total assets

1.4m

+0.37%

cash

93.9k

+0.01%

net assets

Total assets minus all liabilities

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2.5

company number

08428836

Type

Private limited with Share Capital

industry

80200 - Security systems service activities

incorporation date

March 2013

ultimate parent company

None

previous names

N/A

address

10 mandale park, wallsend road, north shields, tyne and wear, NE29 7FN

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 afass limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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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afass limited Company Information

afass limited Estimated Valuation

afass limited Estimated Valuation

afass limited Estimated Valuation

Afass Limited Overview

Afass Limited Health Check

AFASS LIMITED financials

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afass limited Ownership

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