bay custom drums limited
bay custom drums limited Company Information
Company Number
08875760
Website
baycustomdrums.comRegistered Address
33 wolverhampton road, cannock, WS11 1AP
Industry
Other manufacturing n.e.c.
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
ian bowman 33.3%
sarah bowman 33.3%
View Allbay custom drums limited Estimated Valuation
Pomanda estimates the enterprise value of BAY CUSTOM DRUMS LIMITED at £138.7k based on a Turnover of £238.8k and 0.58x industry multiple (adjusted for size and gross margin).
bay custom drums limited Estimated Valuation
Pomanda estimates the enterprise value of BAY CUSTOM DRUMS LIMITED at £5.5k based on an EBITDA of £1.3k and a 4.17x industry multiple (adjusted for size and gross margin).
bay custom drums limited Estimated Valuation
Pomanda estimates the enterprise value of BAY CUSTOM DRUMS LIMITED at £3.4k based on Net Assets of £1.8k and 1.84x industry multiple (adjusted for liquidity).
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Bay Custom Drums Limited Overview
Bay Custom Drums Limited is a live company located in cannock, WS11 1AP with a Companies House number of 08875760. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in February 2014, it's largest shareholder is ian bowman with a 33.3% stake. Bay Custom Drums Limited is a established, micro sized company, Pomanda has estimated its turnover at £238.8k with healthy growth in recent years.
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Bay Custom Drums Limited Health Check
Pomanda's financial health check has awarded Bay Custom Drums Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £238.8k, make it smaller than the average company (£14.5m)
- Bay Custom Drums Limited
£14.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.8%)
- Bay Custom Drums Limited
5.8% - Industry AVG
Production
with a gross margin of 29.8%, this company has a comparable cost of product (29.8%)
- Bay Custom Drums Limited
29.8% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (6.5%)
- Bay Custom Drums Limited
6.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (73)
2 - Bay Custom Drums Limited
73 - Industry AVG
Pay Structure
on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)
- Bay Custom Drums Limited
£42.1k - Industry AVG
Efficiency
resulting in sales per employee of £119.4k, this is less efficient (£182.2k)
- Bay Custom Drums Limited
£182.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Bay Custom Drums Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Bay Custom Drums Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 40 days, this is less than average (69 days)
- Bay Custom Drums Limited
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (13 weeks)
4 weeks - Bay Custom Drums Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.7%, this is a higher level of debt than the average (47.7%)
90.7% - Bay Custom Drums Limited
47.7% - Industry AVG
BAY CUSTOM DRUMS LIMITED financials
Bay Custom Drums Limited's latest turnover from December 2023 is estimated at £238.8 thousand and the company has net assets of £1.8 thousand. According to their latest financial statements, Bay Custom Drums Limited has 2 employees and maintains cash reserves of £1.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 18,370 | 15,906 | 13,672 | 11,508 | 15,344 | 6,680 | 5,180 | 0 | 3,500 | 2,500 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,161 | 0 | 0 |
| 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 | 1,418 | 645 | 1,603 | 532 | 564 | 2,059 | 826 | 0 | 942 | 2,636 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 19,788 | 16,551 | 15,275 | 12,040 | 15,908 | 8,739 | 6,006 | 5,161 | 4,442 | 5,136 |
| total assets | 19,788 | 16,551 | 15,275 | 12,040 | 15,908 | 8,739 | 6,006 | 5,161 | 4,442 | 5,136 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,097 | 4,377 | 4,905 |
| Group/Directors Accounts | 17,544 | 751 | 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 | 400 | 14,990 | 14,037 | 11,409 | 10,694 | 8,477 | 5,865 | 0 | 0 | 0 |
| total current liabilities | 17,944 | 15,741 | 14,037 | 11,409 | 10,694 | 8,477 | 5,865 | 5,097 | 4,377 | 4,905 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 17,944 | 15,741 | 14,037 | 11,409 | 10,694 | 8,477 | 5,865 | 5,097 | 4,377 | 4,905 |
| net assets | 1,844 | 810 | 1,238 | 631 | 5,214 | 262 | 141 | 64 | 65 | 231 |
| total shareholders funds | 1,844 | 810 | 1,238 | 631 | 5,214 | 262 | 141 | 64 | 65 | 231 |
| Dec 2023 | Dec 2022 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 2,464 | 4,398 | 2,164 | -3,836 | 8,664 | 1,500 | 5,180 | -3,500 | 1,000 | 2,500 |
| Debtors | 0 | 0 | 0 | 0 | 0 | 0 | -5,161 | 5,161 | 0 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | -5,097 | 720 | -528 | 4,905 |
| Accruals and Deferred Income | -14,590 | 3,581 | 2,628 | 715 | 2,217 | 2,612 | 5,865 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 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 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 16,793 | 751 | 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 | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 773 | 113 | 1,071 | -32 | -1,495 | 1,233 | 826 | -942 | -1,694 | 2,636 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 773 | 113 | 1,071 | -32 | -1,495 | 1,233 | 826 | -942 | -1,694 | 2,636 |
bay custom drums limited Credit Report and Business Information
Bay Custom Drums Limited Competitor Analysis
Perform a competitor analysis for bay custom drums limited by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in WS11 area or any other competitors across 12 key performance metrics.
bay custom drums limited Ownership
BAY CUSTOM DRUMS LIMITED group structure
Bay Custom Drums Limited has no subsidiary companies.
Ultimate parent company
BAY CUSTOM DRUMS LIMITED
08875760
bay custom drums limited directors
Bay Custom Drums Limited currently has 2 directors. The longest serving directors include Mrs Sarah Bowman (Feb 2014) and Mr Ian Bowman (Feb 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Sarah Bowman | England | 56 years | Feb 2014 | - | Director |
| Mr Ian Bowman | 59 years | Feb 2014 | - | Director |
P&L
December 2023turnover
238.8k
+5%
operating profit
1.3k
0%
gross margin
29.9%
+0.91%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.8k
+1.28%
total assets
19.8k
+0.2%
cash
1.4k
+1.2%
net assets
Total assets minus all liabilities
bay custom drums limited company details
company number
08875760
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
February 2014
age
10
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
December 2023
address
33 wolverhampton road, cannock, WS11 1AP
accountant
-
auditor
-
bay custom drums 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 bay custom drums limited.
bay custom drums limited Companies House Filings - See Documents
| date | description | view/download |
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