propel contracts ltd
propel contracts ltd Company Information
Company Number
08640091
Website
www.merit-display.comRegistered Address
20 canley road, coventry business park, coventry, CV5 6BH
Industry
Non-specialised wholesale trade
Telephone
02476676700
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
mfe holdings limited 100%
propel contracts ltd Estimated Valuation
Pomanda estimates the enterprise value of PROPEL CONTRACTS LTD at £522.9k based on a Turnover of £798.1k and 0.66x industry multiple (adjusted for size and gross margin).
propel contracts ltd Estimated Valuation
Pomanda estimates the enterprise value of PROPEL CONTRACTS LTD at £0 based on an EBITDA of £-72.7k and a 5.13x industry multiple (adjusted for size and gross margin).
propel contracts ltd Estimated Valuation
Pomanda estimates the enterprise value of PROPEL CONTRACTS LTD at £982.2k based on Net Assets of £577.4k and 1.7x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Propel Contracts Ltd Overview
Propel Contracts Ltd is a live company located in coventry, CV5 6BH with a Companies House number of 08640091. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in August 2013, it's largest shareholder is mfe holdings limited with a 100% stake. Propel Contracts Ltd is a established, small sized company, Pomanda has estimated its turnover at £798.1k with declining growth in recent years.
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Propel Contracts Ltd Health Check
Pomanda's financial health check has awarded Propel Contracts Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £798.1k, make it smaller than the average company (£14.5m)
- Propel Contracts Ltd
£14.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -37%, show it is growing at a slower rate (4.2%)
- Propel Contracts Ltd
4.2% - Industry AVG
Production
with a gross margin of 28%, this company has a comparable cost of product (28%)
- Propel Contracts Ltd
28% - Industry AVG
Profitability
an operating margin of -10.8% make it less profitable than the average company (5.9%)
- Propel Contracts Ltd
5.9% - Industry AVG
Employees
with 9 employees, this is below the industry average (40)
9 - Propel Contracts Ltd
40 - Industry AVG
Pay Structure
on an average salary of £41.9k, the company has an equivalent pay structure (£41.9k)
- Propel Contracts Ltd
£41.9k - Industry AVG
Efficiency
resulting in sales per employee of £88.7k, this is less efficient (£357.3k)
- Propel Contracts Ltd
£357.3k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (53 days)
- Propel Contracts Ltd
53 days - Industry AVG
Creditor Days
its suppliers are paid after 6 days, this is quicker than average (35 days)
- Propel Contracts Ltd
35 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (79 days)
- Propel Contracts Ltd
79 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 102 weeks, this is more cash available to meet short term requirements (14 weeks)
102 weeks - Propel Contracts Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.9%, this is a lower level of debt than the average (48.5%)
25.9% - Propel Contracts Ltd
48.5% - Industry AVG
PROPEL CONTRACTS LTD financials
Propel Contracts Ltd's latest turnover from December 2022 is estimated at £798.1 thousand and the company has net assets of £577.4 thousand. According to their latest financial statements, Propel Contracts Ltd has 9 employees and maintains cash reserves of £306.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 9 | 17 | 17 | 25 | 29 | 25 | 21 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 41,461 | 256,289 | 319,454 | 299,699 | 279,005 | 208,628 | 253,879 | 276,788 | 260,395 |
| Intangible Assets | 663 | 68,746 | 96,534 | 125,534 | 154,534 | 183,534 | 212,534 | 241,534 | 270,534 |
| Investments & Other | 5,364 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 47,488 | 325,035 | 415,988 | 425,233 | 433,539 | 392,162 | 466,413 | 518,322 | 530,929 |
| Stock & work in progress | 6,000 | 40,660 | 222,023 | 30,342 | 28,996 | 32,129 | 33,923 | 34,575 | 37,322 |
| Trade Debtors | 23,872 | 84,517 | 188,151 | 521,613 | 139,232 | 599,771 | 589,144 | 307,439 | 491,861 |
| Group Debtors | 0 | 0 | 147,694 | 147,694 | 147,694 | 0 | 0 | 0 | 0 |
| Misc Debtors | 395,129 | 261,256 | 43,403 | 48,934 | 69,226 | 52,892 | 28,449 | 16,076 | 0 |
| Cash | 306,508 | 329,085 | 510,299 | 116,236 | 345,189 | 122,140 | 180,904 | 211,845 | 294,489 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 731,509 | 715,518 | 1,111,570 | 864,819 | 730,337 | 806,932 | 832,420 | 569,935 | 823,672 |
| total assets | 778,997 | 1,040,553 | 1,527,558 | 1,290,052 | 1,163,876 | 1,199,094 | 1,298,833 | 1,088,257 | 1,354,601 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 10,877 | 16,437 | 98,787 | 119,755 | 135,987 | 147,568 | 104,885 | 110,345 | 373,073 |
| Group/Directors Accounts | 200 | 200 | 200 | 200 | 200 | 0 | 103,736 | 232,923 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 117,361 | 148,404 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 13,484 | 12,675 | 0 |
| other current liabilities | 144,996 | 268,216 | 584,988 | 561,139 | 441,094 | 499,504 | 422,908 | 137,037 | 0 |
| total current liabilities | 156,073 | 284,853 | 683,975 | 681,094 | 577,281 | 647,072 | 762,374 | 641,384 | 373,073 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 170,500 | 53,858 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 3,674 | 17,158 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 45,500 | 45,500 | 49,580 | 52,453 | 57,619 | 125,000 | 0 | 0 | 724,677 |
| provisions | 0 | 58,041 | 45,230 | 47,867 | 42,221 | 36,783 | 45,414 | 45,128 | 47,099 |
| total long term liabilities | 45,500 | 103,541 | 94,810 | 100,320 | 99,840 | 161,783 | 219,588 | 116,144 | 771,776 |
| total liabilities | 201,573 | 388,394 | 778,785 | 781,414 | 677,121 | 808,855 | 981,962 | 757,528 | 1,144,849 |
| net assets | 577,424 | 652,159 | 748,773 | 508,638 | 486,755 | 390,239 | 316,871 | 330,729 | 209,752 |
| total shareholders funds | 577,424 | 652,159 | 748,773 | 508,638 | 486,755 | 390,239 | 316,871 | 330,729 | 209,752 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 12,632 | 512,541 | 69,250 | 59,303 | 67,156 | 60,743 | 74,168 | 79,180 | 53,300 |
| Amortisation | 549 | 29,436 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 19,466 |
| Tax | |||||||||
| Stock | -34,660 | -181,363 | 191,681 | 1,346 | -3,133 | -1,794 | -652 | -2,747 | 37,322 |
| Debtors | 73,228 | -33,475 | -338,993 | 362,089 | -296,511 | 35,070 | 294,078 | -168,346 | 491,861 |
| Creditors | -5,560 | -82,350 | -20,968 | -16,232 | -11,581 | 42,683 | -5,460 | -262,728 | 373,073 |
| Accruals and Deferred Income | -123,220 | -316,772 | 23,849 | 120,045 | -58,410 | 76,596 | 285,871 | 137,037 | 0 |
| Deferred Taxes & Provisions | -58,041 | 12,811 | -2,637 | 5,646 | 5,438 | -8,631 | 286 | -1,971 | 47,099 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 5,364 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 200 | -103,736 | -129,187 | 232,923 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | -117,361 | -31,043 | 148,404 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -170,500 | 116,642 | 53,858 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | -17,158 | -12,675 | 29,833 | 0 |
| other long term liabilities | 0 | -4,080 | -2,873 | -5,166 | -67,381 | 125,000 | 0 | -724,677 | 724,677 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -22,577 | -181,214 | 394,063 | -228,953 | 223,049 | -58,764 | -30,941 | -82,644 | 294,489 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -22,577 | -181,214 | 394,063 | -228,953 | 223,049 | -58,764 | -30,941 | -82,644 | 294,489 |
propel contracts ltd Credit Report and Business Information
Propel Contracts Ltd Competitor Analysis
Perform a competitor analysis for propel contracts ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in CV5 area or any other competitors across 12 key performance metrics.
propel contracts ltd Ownership
PROPEL CONTRACTS LTD group structure
Propel Contracts Ltd has no subsidiary companies.
propel contracts ltd directors
Propel Contracts Ltd currently has 3 directors. The longest serving directors include Mr Laurie Mitchell (Aug 2013) and Mr Ronnie Mitchell (Aug 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Laurie Mitchell | United Kingdom | 33 years | Aug 2013 | - | Director |
| Mr Ronnie Mitchell | United Kingdom | 37 years | Aug 2013 | - | Director |
| Mr Iain Mitchell | United Kingdom | 62 years | Aug 2013 | - | Director |
P&L
December 2022turnover
798.1k
-48%
operating profit
-85.9k
0%
gross margin
28.1%
+1.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
577.4k
-0.11%
total assets
779k
-0.25%
cash
306.5k
-0.07%
net assets
Total assets minus all liabilities
Similar Companies
propel contracts ltd company details
company number
08640091
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
incorporation date
August 2013
age
11
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
merit display limited (October 2023)
last accounts submitted
December 2022
address
20 canley road, coventry business park, coventry, CV5 6BH
accountant
-
auditor
-
propel contracts 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 propel contracts ltd.
propel contracts ltd Companies House Filings - See Documents
| date | description | view/download |
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