Brights Construction Services Limited

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brights construction services limited Company Information

Live

EstablishedSmallDeclining

Company Number

08438477

Website

Registered Address

24 market place, swaffham, norfolk, PE37 7QH

Industry

Joinery installation

Telephone

Next Accounts Due

December 2024

Group Structure

View All

Directors

Marcus Mallet11 Years

Shareholders

marcus anthony mallet 100%

brights construction services limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of BRIGHTS CONSTRUCTION SERVICES LIMITED at £1.3m based on Net Assets of £489.3k and 2.58x industry multiple (adjusted for liquidity).

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Brights Construction Services Limited is a live company located in norfolk, PE37 7QH with a Companies House number of 08438477. It operates in the joinery installation sector, SIC Code 43320. Founded in March 2013, it's largest shareholder is marcus anthony mallet with a 100% stake. Brights Construction Services Limited is a established, small sized company, Pomanda has estimated its turnover at £971.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Brights Construction Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

1 Regular

6 Weak

Size

annual sales of £971.6k, make it larger than the average company (£205.4k)

Growth

3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (5.1%)

EXPORT

Brights Construction Services Limited's latest turnover from March 2023 is estimated at £971.6 thousand and the company has net assets of £489.3 thousand. According to their latest financial statements, Brights Construction Services Limited has 3 employees and maintains cash reserves of £116 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Turnover	971,615	613,096	961,298	2,319,935	2,102,532	1,471,448	969,510	443,505	144,527	118,619
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	806,097	518,077	798,438	1,926,218	1,752,817	1,207,971	793,465	358,918	114,042	91,684
Gross Profit	165,518	95,019	162,859	393,716	349,715	263,477	176,045	84,587	30,485	26,934
Admin Expenses	135,953	347,071	207,295	-75,050	112,080	58,655	178,658	60,574	33,116	22,502
Operating Profit	29,565	-252,052	-44,436	468,766	237,635	204,822	-2,613	24,013	-2,631	4,432
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,366	1,403	289	147	0	0	10	20	1	1
Pre-Tax Profit	33,931	-250,649	-44,147	468,912	237,635	204,822	-2,603	24,033	-2,630	4,432
Tax	-6,447	0	0	-89,093	-45,151	-38,916	0	-4,806	0	-1,019
Profit After Tax	27,484	-250,649	-44,147	379,819	192,484	165,906	-2,603	19,226	-2,630	3,413
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	27,484	-250,649	-44,147	379,819	192,484	165,906	-2,603	19,226	-2,630	3,413
Employee Costs	87,862	91,764	82,383	203,171	26,139	33,308	131,628	75,207	35,433	35,428
Number Of Employees	3	4	4	6	1	1	4	2	1	1
EBITDA*	71,480	-198,720	19,622	534,982	237,635	204,822	-2,613	24,661	-1,869	5,328

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Tangible Assets	196,198	239,718	278,135	269,996	112,533	90,034	16,720	3,670	4,318	5,080
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	196,198	239,718	278,135	269,996	112,533	90,034	16,720	3,670	4,318	5,080
Stock & work in progress	209,768	199,960	552,500	200,000	0	0	0	140,000	0	0
Trade Debtors	294,380	149,571	33,643	625,886	674,518	435,265	214,187	31,466	31,714	26,484
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	116,046	89,424	284,743	293,549	0	0	0	7,799	0	225
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	620,194	438,955	870,886	1,119,435	674,518	435,265	214,187	179,265	31,714	26,709
total assets	816,392	678,673	1,149,021	1,389,431	787,051	525,299	230,907	182,935	36,032	31,789
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	278,593	180,203	394,556	595,538	409,805	341,287	212,801	161,193	33,234	26,361
Group/Directors Accounts	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0
total current liabilities	278,593	180,203	394,556	595,538	409,805	341,287	212,801	161,193	33,234	26,361
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	1,450	700	700	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	48,496	36,651	41,997	37,278	0	0	0	734	1,016	1,016
total long term liabilities	48,496	36,651	41,997	37,278	1,450	700	700	734	1,016	1,016
total liabilities	327,089	216,854	436,553	632,816	411,255	341,987	213,501	161,927	34,250	27,377
net assets	489,303	461,819	712,468	756,615	375,796	183,312	17,406	21,008	1,782	4,412
total shareholders funds	489,303	461,819	712,468	756,615	375,796	183,312	17,406	21,008	1,782	4,412

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Operating Activities
Operating Profit	29,565	-252,052	-44,436	468,766	237,635	204,822	-2,613	24,013	-2,631	4,432
Depreciation	41,915	53,332	64,058	66,216	0	0	0	648	762	896
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-6,447	0	0	-89,093	-45,151	-38,916	0	-4,806	0	-1,019
Stock	9,808	-352,540	352,500	200,000	0	0	-140,000	140,000	0	0
Debtors	144,809	115,928	-592,243	-48,632	239,253	221,078	182,721	-248	5,230	26,484
Creditors	98,390	-214,353	-200,982	185,733	68,518	128,486	51,608	127,959	6,873	26,361
Accruals and Deferred Income	0	0	0	-1,450	750	0	700	0	0	0
Deferred Taxes & Provisions	11,845	-5,346	4,719	37,278	0	0	-734	-282	0	1,016
Cash flow from operations	20,651	-181,807	63,102	516,082	22,499	73,314	6,240	7,780	-226	5,202
Investing Activities
capital expenditure	1,605	-14,915	-72,197	-223,679	-22,499	-73,314	-13,050	0	0	-5,976
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	1,605	-14,915	-72,197	-223,679	-22,499	-73,314	-13,050	0	0	-5,976
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	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	0	0	0	0
share issue	0	0	0	1,000	0	0	-999	0	0	999
interest	4,366	1,403	289	147	0	0	10	20	1	1
cash flow from financing	4,366	1,403	289	1,147	0	0	-989	20	1	1,000
cash and cash equivalents
cash	26,622	-195,319	-8,806	293,549	0	0	-7,799	7,799	-225	225
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	26,622	-195,319	-8,806	293,549	0	0	-7,799	7,799	-225	225

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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BRIGHTS CONSTRUCTION SERVICES LIMITED group structure

Brights Construction Services Limited has no subsidiary companies.

Ultimate parent company

BRIGHTS CONSTRUCTION SERVICES LIMITED

08438477

BRIGHTS CONSTRUCTION SERVICES LIMITED Shareholders

marcus anthony mallet

100%

Brights Construction Services Limited currently has 1 director, Mr Marcus Mallet serving since Mar 2013.

officer	country	age	start	end	role
Mr Marcus Mallet	England	53 years	Mar 2013	-	Director

P&L

March 2023

turnover

971.6k

+58%

operating profit

29.6k

gross margin

17.1%

+9.92%

turnover

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

Balance Sheet

March 2023

net assets

489.3k

+0.06%

total assets

816.4k

+0.2%

cash

116k

+0.3%

net assets

Total assets minus all liabilities

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company number

08438477

Type

Private limited with Share Capital

industry

43320 - Joinery installation

incorporation date

March 2013

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

bespoke oak uk design and build limited (February 2017)

incorporated

address

24 market place, swaffham, norfolk, PE37 7QH

last accounts submitted

March 2023

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 brights construction services limited.

brights construction services limited Company Information

brights construction services limited Estimated Valuation

brights construction services limited Estimated Valuation

brights construction services limited Estimated Valuation

Brights Construction Services Limited Overview

Brights Construction Services Limited Health Check

BRIGHTS CONSTRUCTION SERVICES LIMITED financials

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brights construction services limited Ownership

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