bethmar limited

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bethmar limited Company Information

Share BETHMAR LIMITED

Company Number

08821651

Directors

Sean Barrett

Alan Barrett

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Shareholders

j coffey group limited

alan patrick barrett

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Group Structure

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Industry

Specialised construction activities (other than scaffold erection) n.e.c.

 

Registered Address

wentworth lodge, great north road, welwyn garden city, AL8 7SR

Website

-

bethmar limited Estimated Valuation

£8.6m

Pomanda estimates the enterprise value of BETHMAR LIMITED at £8.6m based on a Turnover of £19.7m and 0.44x industry multiple (adjusted for size and gross margin).

bethmar limited Estimated Valuation

£4.2m

Pomanda estimates the enterprise value of BETHMAR LIMITED at £4.2m based on an EBITDA of £962.3k and a 4.36x industry multiple (adjusted for size and gross margin).

bethmar limited Estimated Valuation

£6.1m

Pomanda estimates the enterprise value of BETHMAR LIMITED at £6.1m based on Net Assets of £2.8m and 2.13x industry multiple (adjusted for liquidity).

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Bethmar Limited Overview

Bethmar Limited is a live company located in welwyn garden city, AL8 7SR with a Companies House number of 08821651. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in December 2013, it's largest shareholder is j coffey group limited with a 51% stake. Bethmar Limited is a established, mid sized company, Pomanda has estimated its turnover at £19.7m with rapid growth in recent years.

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Bethmar Limited Health Check

Pomanda's financial health check has awarded Bethmar Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £19.7m, make it larger than the average company (£7.1m)

£19.7m - Bethmar Limited

£7.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 79%, show it is growing at a faster rate (8.8%)

79% - Bethmar Limited

8.8% - Industry AVG

production

Production

with a gross margin of 14.3%, this company has a higher cost of product (24.8%)

14.3% - Bethmar Limited

24.8% - Industry AVG

profitability

Profitability

an operating margin of 4.3% make it less profitable than the average company (6.2%)

4.3% - Bethmar Limited

6.2% - Industry AVG

employees

Employees

with 47 employees, this is above the industry average (31)

47 - Bethmar Limited

31 - Industry AVG

paystructure

Pay Structure

on an average salary of £55.3k, the company has an equivalent pay structure (£47.8k)

£55.3k - Bethmar Limited

£47.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £420.1k, this is more efficient (£192.3k)

£420.1k - Bethmar Limited

£192.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 40 days, this is earlier than average (57 days)

40 days - Bethmar Limited

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 26 days, this is quicker than average (39 days)

26 days - Bethmar Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 12 days, this is in line with average (14 days)

12 days - Bethmar Limited

14 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (20 weeks)

29 weeks - Bethmar Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 57.7%, this is a similar level of debt than the average (61.2%)

57.7% - Bethmar Limited

61.2% - Industry AVG

BETHMAR LIMITED financials

EXPORTms excel logo

Bethmar Limited's latest turnover from September 2023 is £19.7 million and the company has net assets of £2.8 million. According to their latest financial statements, Bethmar Limited has 47 employees and maintains cash reserves of £2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Turnover19,746,8736,488,8416,293,5453,456,9811,900,0601,286,3001,245,2741,623,7651,121,7802,396,794
Other Income Or Grants
Cost Of Sales16,924,7115,605,2335,445,3262,981,8241,634,2621,103,5891,060,8831,368,434947,5062,045,714
Gross Profit2,822,162883,608848,219475,157265,799182,711184,391255,331174,274351,080
Admin Expenses1,965,711-52,44735,304-137,546216,66873,404156,193247,855154,502323,752
Operating Profit856,451936,055812,915612,70349,131109,30728,1987,47619,77227,328
Interest Payable8,228
Interest Receivable16622,31743930966822528317210
Pre-Tax Profit848,389958,372813,353613,01249,799109,53228,2257,50619,84427,338
Tax-134,870-182,091-154,537-116,472-9,462-20,811-5,363-1,501-3,969-5,741
Profit After Tax713,519776,281658,816496,54040,33788,72122,8626,00515,87521,597
Dividends Paid
Retained Profit713,519776,281658,816496,54040,33788,72122,8626,00515,87521,597
Employee Costs2,597,9682,095,0181,524,155930,142971,034956,261882,1861,106,3571,041,466274,080
Number Of Employees4748362222222127267
EBITDA*962,2791,015,723903,355631,56874,183159,41732,07312,12124,41728,489

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Tangible Assets334,22987,704182,331107,145126,010151,0621,1725,0469,69014,335
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets334,22987,704182,331107,145126,010151,0621,1725,0469,69014,335
Stock & work in progress583,817365,150371,77653,12860,87794,81481,837253,600112,10662,482
Trade Debtors2,175,8482,151,1452,462,5301,149,872505,709206,588181,511195,63044,947611,142
Group Debtors1,480,547
Misc Debtors105,9371,691,4831,143,1911,160,034330,160364,553341,091292,860527,781
Cash2,032,5101,595,912387,787489,307129,22748,97310,99824,8583,865
misc current assets
total current assets6,378,6595,803,6904,365,2842,852,3411,025,973714,928615,437742,090709,692677,489
total assets6,712,8885,891,3944,547,6152,959,4861,151,983865,990616,609747,136719,382691,824
Bank overdraft12
Bank loan
Trade Creditors 1,236,2501,291,9821,294,540768,631410,161312,620357,051415,958273,968670,226
Group/Directors Accounts448,892285,904309,884225,000
other short term finances
hp & lease commitments110,858
other current liabilities1,783,7522,142,6171,479,8391,253,260478,124258,714193,218287,688407,941
total current liabilities3,579,7523,720,5033,084,2632,246,891888,285571,334550,269703,658681,909670,226
loans
hp & lease commitments208,72626,89277,656
Accruals and Deferred Income
other liabilities44,358110,894
provisions83,55716,66534,64320,35823,94228,701
total long term liabilities292,28343,557112,29920,35868,300139,595
total liabilities3,872,0353,764,0603,196,5622,267,249956,585710,929550,269703,658681,909670,226
net assets2,840,8532,127,3341,351,053692,237195,398155,06166,34043,47837,47321,598
total shareholders funds2,840,8532,127,3341,351,053692,237195,398155,06166,34043,47837,47321,598
Sep 2023Sep 2022Sep 2021Sep 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Operating Activities
Operating Profit856,451936,055812,915612,70349,131109,30728,1987,47619,77227,328
Depreciation105,82879,66890,44018,86525,05250,1103,8754,6454,6451,161
Amortisation
Tax-134,870-182,091-154,537-116,472-9,462-20,811-5,363-1,501-3,969-5,741
Stock218,667-6,626318,648-7,749-33,93712,977-171,763141,49449,62462,482
Debtors-80,296236,9071,295,8151,474,037264,72848,53934,112-84,238-38,414611,142
Creditors-55,732-2,558525,909358,47097,541-44,431-58,907141,990-396,258670,226
Accruals and Deferred Income-358,865662,778226,579775,136219,41065,496-94,470-120,253407,941
Deferred Taxes & Provisions66,892-17,97814,285-3,584-4,75928,701
Cash flow from operations341,3331,245,593-98,872178,830146,122126,85610,984-24,89920,92119,350
Investing Activities
capital expenditure-352,35314,959-165,626-200,000-1-1-15,496
Change in Investments
cash flow from investments-352,35314,959-165,626-200,000-1-1-15,496
Financing Activities
Bank loans
Group/Directors Accounts162,988-23,98084,884225,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments292,692-50,76477,656
other long term liabilities-44,358-66,536110,894
share issue2991
interest-8,06222,31743930966822528317210
cash flow from financing447,618-52,427162,979181,250-65,868111,11928317211
cash and cash equivalents
cash436,5981,208,125-101,520360,08080,25437,97510,998-24,85820,9933,865
overdraft-1212
change in cash436,5981,208,125-101,520360,08080,25437,97511,010-24,87020,9933,865

bethmar limited 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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Bethmar Limited Competitor Analysis

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Perform a competitor analysis for bethmar limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in AL8 area or any other competitors across 12 key performance metrics.

bethmar limited Ownership

BETHMAR LIMITED group structure

Bethmar Limited has no subsidiary companies.

Ultimate parent company

1 parent

BETHMAR LIMITED

08821651

BETHMAR LIMITED Shareholders

j coffey group limited 51%
alan patrick barrett 16.33%
sharon walsh 16.33%
sean martin barrett 16.33%

bethmar limited directors

Bethmar Limited currently has 4 directors. The longest serving directors include Mr Sean Barrett (Apr 2019) and Mr Alan Barrett (Apr 2019).

officercountryagestartendrole
Mr Sean BarrettEngland50 years Apr 2019- Director
Mr Alan BarrettEngland50 years Apr 2019- Director
Mr James CoffeyEngland70 years Jul 2020- Director
Mr Andrew TurnerEngland47 years Jul 2020- Director

P&L

September 2023

turnover

19.7m

0%

operating profit

856.5k

0%

gross margin

14.3%

0%

turnover

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

Balance Sheet

September 2023

net assets

2.8m

+0.34%

total assets

6.7m

+0.14%

cash

2m

+0.27%

net assets

Total assets minus all liabilities

bethmar limited company details

company number

08821651

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

December 2013

age

12

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

September 2023

previous names

N/A

accountant

GOLDBLATTS

auditor

-

address

wentworth lodge, great north road, welwyn garden city, AL8 7SR

Bank

-

Legal Advisor

-

bethmar 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 bethmar limited.

bethmar limited Capital Raised & Share Issues BETA

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bethmar limited Companies House Filings - See Documents

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