sovini trade supplies limited

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sovini trade supplies limited Company Information

Share SOVINI TRADE SUPPLIES LIMITED

Company Number

08956215

Shareholders

sovini commercial limited

Group Structure

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Industry

Agents involved in the sale of timber and building materials

 

Registered Address

the sovini group unit 1, heysham road, bootle, liverpool, L30 6UR

sovini trade supplies limited Estimated Valuation

£13.1m

Pomanda estimates the enterprise value of SOVINI TRADE SUPPLIES LIMITED at £13.1m based on a Turnover of £22.9m and 0.57x industry multiple (adjusted for size and gross margin).

sovini trade supplies limited Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of SOVINI TRADE SUPPLIES LIMITED at £5.4m based on an EBITDA of £1m and a 5.2x industry multiple (adjusted for size and gross margin).

sovini trade supplies limited Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of SOVINI TRADE SUPPLIES LIMITED at £5.4m based on Net Assets of £2.6m and 2.03x industry multiple (adjusted for liquidity).

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Sovini Trade Supplies Limited Overview

Sovini Trade Supplies Limited is a live company located in bootle, L30 6UR with a Companies House number of 08956215. It operates in the agents involved in the sale of timber and building materials sector, SIC Code 46130. Founded in March 2014, it's largest shareholder is sovini commercial limited with a 100% stake. Sovini Trade Supplies Limited is a established, large sized company, Pomanda has estimated its turnover at £22.9m with high growth in recent years.

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Sovini Trade Supplies Limited Health Check

Pomanda's financial health check has awarded Sovini Trade Supplies Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

3 Strong

positive_score

7 Regular

positive_score

2 Weak

size

Size

annual sales of £22.9m, make it larger than the average company (£13.3m)

£22.9m - Sovini Trade Supplies Limited

£13.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (10.2%)

28% - Sovini Trade Supplies Limited

10.2% - Industry AVG

production

Production

with a gross margin of 27.6%, this company has a comparable cost of product (26.1%)

27.6% - Sovini Trade Supplies Limited

26.1% - Industry AVG

profitability

Profitability

an operating margin of 3.6% make it as profitable than the average company (4%)

3.6% - Sovini Trade Supplies Limited

4% - Industry AVG

employees

Employees

with 82 employees, this is above the industry average (31)

82 - Sovini Trade Supplies Limited

31 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.5k, the company has an equivalent pay structure (£38.3k)

£35.5k - Sovini Trade Supplies Limited

£38.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £278.7k, this is equally as efficient (£326.6k)

£278.7k - Sovini Trade Supplies Limited

£326.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 48 days, this is near the average (48 days)

48 days - Sovini Trade Supplies Limited

48 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 37 days, this is quicker than average (44 days)

37 days - Sovini Trade Supplies Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 66 days, this is in line with average (59 days)

66 days - Sovini Trade Supplies Limited

59 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 3 weeks, this is average cash available to meet short term requirements (3 weeks)

3 weeks - Sovini Trade Supplies Limited

3 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 82.2%, this is a higher level of debt than the average (57.5%)

82.2% - Sovini Trade Supplies Limited

57.5% - Industry AVG

SOVINI TRADE SUPPLIES LIMITED financials

EXPORTms excel logo

Sovini Trade Supplies Limited's latest turnover from March 2024 is £22.9 million and the company has net assets of £2.6 million. According to their latest financial statements, Sovini Trade Supplies Limited has 82 employees and maintains cash reserves of £732 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Turnover22,855,00021,511,00017,879,00010,886,00010,509,0009,540,0007,701,0007,462,0005,888,0004,071,000
Other Income Or Grants
Cost Of Sales16,538,00016,477,00013,630,0008,149,0007,865,0007,322,0005,855,0005,644,0004,474,0002,957,000
Gross Profit6,317,0005,034,0004,249,0002,737,0002,644,0002,218,0001,846,0001,818,0001,414,0001,114,000
Admin Expenses5,485,0004,313,0003,704,0002,558,0002,065,0001,666,0001,248,0001,161,000867,000853,000
Operating Profit832,000721,000545,000179,000579,000552,000598,000657,000547,000261,000
Interest Payable399,000259,000143,00071,00040,0004,0009,00020,00043,00048,000
Interest Receivable10,0004,0001,0001,0002,0003,0001,000
Pre-Tax Profit443,000466,000402,000108,000540,000549,000589,000639,000495,000213,000
Tax-151,000-25,000-2,000-20,000-107,000-106,000-119,000-136,000-105,000-67,000
Profit After Tax292,000441,000400,00088,000433,000443,000470,000503,000390,000146,000
Dividends Paid6,000464,000490,000
Retained Profit292,000441,000400,00088,000433,000437,0006,00013,000390,000146,000
Employee Costs2,911,0002,412,0001,948,0001,343,0001,129,000840,000572,000557,000456,000504,911
Number Of Employees82736050423222211617
EBITDA*1,043,000960,000750,000350,000625,000587,000665,000720,000612,000324,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Tangible Assets5,026,0005,073,0005,207,0005,580,0003,308,000872,00055,000106,000110,000158,000
Intangible Assets17,00039,00088,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets5,026,0005,073,0005,207,0005,580,0003,308,000872,00055,000123,000149,000246,000
Stock & work in progress3,008,0002,724,0002,495,0001,846,0001,374,000943,000717,000828,000606,000495,000
Trade Debtors3,030,0002,582,0001,480,000843,000736,000694,000238,000556,000262,000235,000
Group Debtors2,330,000752,000326,000126,000213,000189,00052,000582,000454,000129,000
Misc Debtors770,000831,000687,000602,000234,000264,000137,000293,000295,000700,000
Cash732,000286,000616,000358,00097,00093,000489,000188,000565,000208,000
misc current assets
total current assets9,870,0007,175,0005,604,0003,775,0002,654,0002,183,0001,633,0002,447,0002,182,0001,767,000
total assets14,896,00012,248,00010,811,0009,355,0005,962,0003,055,0001,688,0002,570,0002,331,0002,013,000
Bank overdraft
Bank loan
Trade Creditors 1,721,0001,828,0001,557,000769,000528,000380,000295,000653,000240,00075,000
Group/Directors Accounts9,312,0007,225,0006,540,0005,928,0003,387,0001,059,000230,000589,000152,000112,000
other short term finances
hp & lease commitments112,000
other current liabilities1,032,000678,000662,000691,000601,000618,000608,000579,000503,000572,000
total current liabilities12,065,0009,731,0008,759,0007,500,0004,516,0002,057,0001,133,0001,821,000895,000759,000
loans200,000900,0001,095,000
hp & lease commitments205,000
Accruals and Deferred Income
other liabilities
provisions185,000163,000139,000137,00021,0006,00013,000
total long term liabilities185,000163,000139,000342,00021,0006,000200,000900,0001,108,000
total liabilities12,250,0009,894,0008,898,0007,842,0004,537,0002,063,0001,133,0002,021,0001,795,0001,867,000
net assets2,646,0002,354,0001,913,0001,513,0001,425,000992,000555,000549,000536,000146,000
total shareholders funds2,646,0002,354,0001,913,0001,513,0001,425,000992,000555,000549,000536,000146,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015
Operating Activities
Operating Profit832,000721,000545,000179,000579,000552,000598,000657,000547,000261,000
Depreciation211,000239,000205,000171,00046,00035,00050,00041,00043,00041,000
Amortisation17,00022,00022,00022,000
Tax-151,000-25,000-2,000-20,000-107,000-106,000-119,000-136,000-105,000-67,000
Stock284,000229,000649,000472,000431,000226,000-111,000222,000111,000495,000
Debtors1,965,0001,672,000922,000388,00036,000720,000-1,004,000420,000-53,0001,064,000
Creditors-107,000271,000788,000241,000148,00085,000-358,000413,000165,00075,000
Accruals and Deferred Income354,00016,000-29,00090,000-17,00010,00029,00076,000-69,000572,000
Deferred Taxes & Provisions22,00024,0002,000116,00015,0006,000-13,00013,000
Cash flow from operations-1,088,000-655,000-62,000-83,000197,000-364,0001,332,000431,000532,000-642,000
Investing Activities
capital expenditure-164,000-105,000168,000-2,443,000-2,482,000-852,0001,000-37,00032,000-309,000
Change in Investments
cash flow from investments-164,000-105,000168,000-2,443,000-2,482,000-852,0001,000-37,00032,000-309,000
Financing Activities
Bank loans
Group/Directors Accounts2,087,000685,000612,0002,541,0002,328,000829,000-359,000437,00040,000112,000
Other Short Term Loans
Long term loans-200,000-700,000-195,0001,095,000
Hire Purchase and Lease Commitments-317,000317,000
other long term liabilities
share issue
interest-389,000-255,000-143,000-71,000-39,000-3,000-9,000-18,000-40,000-47,000
cash flow from financing1,698,000430,000152,0002,787,0002,289,000826,000-568,000-281,000-195,0001,160,000
cash and cash equivalents
cash446,000-330,000258,000261,0004,000-396,000301,000-377,000357,000208,000
overdraft
change in cash446,000-330,000258,000261,0004,000-396,000301,000-377,000357,000208,000

sovini trade supplies 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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Sovini Trade Supplies Limited Competitor Analysis

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Perform a competitor analysis for sovini trade supplies limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in L30 area or any other competitors across 12 key performance metrics.

sovini trade supplies limited Ownership

SOVINI TRADE SUPPLIES LIMITED group structure

Sovini Trade Supplies Limited has no subsidiary companies.

Ultimate parent company

2 parents

SOVINI TRADE SUPPLIES LIMITED

08956215

SOVINI TRADE SUPPLIES LIMITED Shareholders

sovini commercial limited 100%

sovini trade supplies limited directors

Sovini Trade Supplies Limited currently has 5 directors. The longest serving directors include Mr Roy Williams (Apr 2014) and Mr Ian Fazakerley (Apr 2014).

officercountryagestartendrole
Mr Roy Williams64 years Apr 2014- Director
Mr Ian FazakerleyEngland61 years Apr 2014- Director
Mrs Tracey LiggettEngland59 years Apr 2014- Director
Mr James JudkinsEngland41 years Sep 2024- Director
Mrs Anita SpencerEngland52 years Dec 2024- Director

P&L

March 2024

turnover

22.9m

+6%

operating profit

832k

+15%

gross margin

27.7%

+18.11%

turnover

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

Balance Sheet

March 2024

net assets

2.6m

+0.12%

total assets

14.9m

+0.22%

cash

732k

+1.56%

net assets

Total assets minus all liabilities

sovini trade supplies limited company details

company number

08956215

Type

Private limited with Share Capital

industry

46130 - Agents involved in the sale of timber and building materials

incorporation date

March 2014

age

11

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

BDO LLP

address

the sovini group unit 1, heysham road, bootle, liverpool, L30 6UR

Bank

ROYAL BANK OF SCOTLAND PLC

Legal Advisor

WEIGHTMANS LLP

sovini trade supplies 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 found 3 charges/mortgages relating to sovini trade supplies limited. Currently there are 2 open charges and 1 have been satisfied in the past.

sovini trade supplies limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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sovini trade supplies limited Companies House Filings - See Documents

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