chipola limited
chipola limited Company Information
Company Number
08656221
Website
www.chipola.comRegistered Address
3 castlegate, grantham, lincolnshire, NG31 6SF
Industry
Other activities auxiliary to insurance and pension funding
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
horace joseph leitch 100%
chipola limited Estimated Valuation
Pomanda estimates the enterprise value of CHIPOLA LIMITED at £821.3k based on a Turnover of £1.2m and 0.7x industry multiple (adjusted for size and gross margin).
chipola limited Estimated Valuation
Pomanda estimates the enterprise value of CHIPOLA LIMITED at £136.5k based on an EBITDA of £26.9k and a 5.07x industry multiple (adjusted for size and gross margin).
chipola limited Estimated Valuation
Pomanda estimates the enterprise value of CHIPOLA LIMITED at £0 based on Net Assets of £-414.9k and 2.75x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Chipola Limited Overview
Chipola Limited is a live company located in lincolnshire, NG31 6SF with a Companies House number of 08656221. It operates in the other activities auxiliary to insurance and pension funding sector, SIC Code 66290. Founded in August 2013, it's largest shareholder is horace joseph leitch with a 100% stake. Chipola Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with healthy growth in recent years.
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Chipola Limited Health Check
Pomanda's financial health check has awarded Chipola Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£2.7m)
£1.2m - Chipola Limited
£2.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (3.9%)
8% - Chipola Limited
3.9% - Industry AVG
Production
with a gross margin of 91.4%, this company has a comparable cost of product (91.4%)
91.4% - Chipola Limited
91.4% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (9.5%)
2.3% - Chipola Limited
9.5% - Industry AVG
Employees
with 10 employees, this is below the industry average (29)
- Chipola Limited
29 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Chipola Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £117.7k, this is equally as efficient (£122.7k)
- Chipola Limited
£122.7k - Industry AVG
Debtor Days
it gets paid by customers after 162 days, this is later than average (93 days)
162 days - Chipola Limited
93 days - Industry AVG
Creditor Days
its suppliers are paid after 1555 days, this is slower than average (58 days)
1555 days - Chipola Limited
58 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Chipola Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 22 weeks, this is average cash available to meet short term requirements (21 weeks)
22 weeks - Chipola Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 110.3%, this is a higher level of debt than the average (77.6%)
110.3% - Chipola Limited
77.6% - Industry AVG
CHIPOLA LIMITED financials
Chipola Limited's latest turnover from December 2022 is £1.2 million and the company has net assets of -£414.9 thousand. According to their latest financial statements, we estimate that Chipola Limited has 10 employees and maintains cash reserves of £493.5 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 | 1,176,527 | 991,183 | 993,056 | 933,757 | 851,471 | 802,911 | 712,739 | 606,792 | 291,499 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | 35,892 | 70,354 | -73,889 | -30,605 | -110,084 | -184,234 | -10,378 | -35,578 | -82,138 |
| Tax | -483 | -84,873 | 10,118 | 3,709 | 15,380 | 30,978 | 851 | 19,472 | 0 |
| Profit After Tax | 35,409 | -14,519 | -63,771 | -26,896 | -94,704 | -153,256 | -9,527 | -16,106 | -82,138 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 35,409 | -14,519 | -63,771 | -26,896 | -94,704 | -153,256 | -9,527 | -16,106 | -82,138 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | |||||||||
| 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 | 2,588,886 | 2,257,595 | 2,007,382 | 1,814,733 | 726,925 | 1,555,348 | 1,459,899 | 581,644 | 316,164 |
| Intangible Assets | 0 | 1,438 | 2,580 | 25,679 | 62,574 | 113,465 | 188,337 | 211,023 | 285,657 |
| Investments & Other | 0 | 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 | 2,588,886 | 2,259,033 | 2,009,962 | 1,840,412 | 789,499 | 1,668,813 | 1,648,236 | 792,667 | 601,821 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 525,101 | 468,232 | 645,788 | 576,960 | 536,038 | 491,880 | 471,691 | 175,341 | 133,466 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 493,484 | 465,516 | 459,919 | 181,495 | 177,360 | 143,806 | 51,448 | 12,488 | 5,351 |
| misc current assets | 10,131 | 7,093 | 7,032 | 7,013 | 7,941 | 5,451 | 4,404 | 3,017 | 2,171 |
| total current assets | 1,436,448 | 1,254,003 | 1,261,744 | 1,017,224 | 954,330 | 850,758 | 746,422 | 419,354 | 243,636 |
| total assets | 4,025,334 | 3,513,036 | 3,271,706 | 2,857,636 | 1,743,829 | 2,519,571 | 2,394,658 | 1,212,021 | 845,457 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 432,218 | 368,956 | 315,128 | 267,525 | 214,258 | 189,573 | 163,040 | 79,345 | 50,320 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 1,667 | 0 | 457 | 163 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,165,717 | 1,121,282 | 1,072,017 | 791,887 | 773,762 | 747,784 | 740,966 | 498,107 | 433,216 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,274,474 | 2,842,020 | 2,635,436 | 2,440,364 | 2,224,232 | 2,024,914 | 1,753,878 | 811,039 | 494,306 |
| total liabilities | 4,440,191 | 3,963,302 | 3,707,453 | 3,232,251 | 2,997,994 | 2,772,698 | 2,494,844 | 1,309,146 | 927,522 |
| net assets | -414,857 | -450,266 | -435,747 | -374,615 | -1,254,165 | -253,127 | -100,186 | -97,125 | -82,065 |
| total shareholders funds | -414,857 | -450,266 | -435,747 | -374,615 | -351,633 | -253,127 | -100,186 | -97,125 | -82,065 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | |||||||||
| Tax | -483 | -84,873 | 10,118 | 3,709 | 15,380 | 30,978 | 851 | 19,472 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 56,869 | -177,556 | 68,828 | 40,922 | 44,158 | 20,189 | 296,350 | 41,875 | 133,466 |
| Creditors | 63,262 | 53,828 | 47,603 | 53,267 | 24,685 | 26,533 | 83,695 | 29,025 | 50,320 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 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 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -1,667 | 1,667 | -457 | 294 | 163 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 27,968 | 5,597 | 278,424 | 4,135 | 33,554 | 92,358 | 38,960 | 7,137 | 5,351 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 27,968 | 5,597 | 278,424 | 4,135 | 33,554 | 92,358 | 38,960 | 7,137 | 5,351 |
chipola limited Credit Report and Business Information
Chipola Limited Competitor Analysis
Perform a competitor analysis for chipola limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
chipola limited Ownership
CHIPOLA LIMITED group structure
Chipola Limited has no subsidiary companies.
Ultimate parent company
CHIPOLA LIMITED
08656221
chipola limited directors
Chipola Limited currently has 2 directors. The longest serving directors include Mr Horace Leitch (Aug 2013) and Mr Michael Argyle (Dec 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Horace Leitch | England | 76 years | Aug 2013 | - | Director |
| Mr Michael Argyle | England | 63 years | Dec 2020 | - | Director |
P&L
December 2022turnover
1.2m
+19%
operating profit
26.9k
0%
gross margin
91.4%
+2.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-414.9k
-0.08%
total assets
4m
+0.15%
cash
493.5k
+0.06%
net assets
Total assets minus all liabilities
Similar Companies
chipola limited company details
company number
08656221
Type
Private limited with Share Capital
industry
66290 - Other activities auxiliary to insurance and pension funding
incorporation date
August 2013
age
11
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
3 castlegate, grantham, lincolnshire, NG31 6SF
last accounts submitted
December 2022
chipola 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 did not find charges/mortgages relating to chipola limited.
chipola limited Companies House Filings - See Documents
| date | description | view/download |
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