baitworks limited
baitworks limited Company Information
Company Number
08989327
Next Accounts
Dec 2025
Directors
Shareholders
mark derek bryant
claire lim-newton
Group Structure
View All
Industry
Other retail sale not in stores, stalls or markets
+1Registered Address
unit 2 waterview the mallards, south cerney industrial estate, cirencester, gloucestershire, GL7 5TQ
Website
www.baitworks.co.ukbaitworks limited Estimated Valuation
Pomanda estimates the enterprise value of BAITWORKS LIMITED at £428.4k based on a Turnover of £1.3m and 0.34x industry multiple (adjusted for size and gross margin).
baitworks limited Estimated Valuation
Pomanda estimates the enterprise value of BAITWORKS LIMITED at £269.4k based on an EBITDA of £69.9k and a 3.86x industry multiple (adjusted for size and gross margin).
baitworks limited Estimated Valuation
Pomanda estimates the enterprise value of BAITWORKS LIMITED at £2.5m based on Net Assets of £1.1m and 2.35x industry multiple (adjusted for liquidity).
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Baitworks Limited Overview
Baitworks Limited is a live company located in cirencester, GL7 5TQ with a Companies House number of 08989327. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in April 2014, it's largest shareholder is mark derek bryant with a 55% stake. Baitworks Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with high growth in recent years.
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Baitworks Limited Health Check
Pomanda's financial health check has awarded Baitworks Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
6 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£8.2m)
- Baitworks Limited
£8.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (9%)
- Baitworks Limited
9% - Industry AVG
Production
with a gross margin of 29.6%, this company has a comparable cost of product (29.6%)
- Baitworks Limited
29.6% - Industry AVG
Profitability
an operating margin of 3.2% make it less profitable than the average company (4.8%)
- Baitworks Limited
4.8% - Industry AVG
Employees
with 15 employees, this is below the industry average (23)
15 - Baitworks Limited
23 - Industry AVG
Pay Structure
on an average salary of £40.4k, the company has an equivalent pay structure (£40.4k)
- Baitworks Limited
£40.4k - Industry AVG
Efficiency
resulting in sales per employee of £83.9k, this is less efficient (£289.5k)
- Baitworks Limited
£289.5k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (41 days)
- Baitworks Limited
41 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (34 days)
- Baitworks Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 93 days, this is more than average (67 days)
- Baitworks Limited
67 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 73 weeks, this is more cash available to meet short term requirements (20 weeks)
73 weeks - Baitworks Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.4%, this is a similar level of debt than the average (55.2%)
52.4% - Baitworks Limited
55.2% - Industry AVG
BAITWORKS LIMITED financials
Baitworks Limited's latest turnover from March 2024 is estimated at £1.3 million and the company has net assets of £1.1 million. According to their latest financial statements, Baitworks Limited has 15 employees and maintains cash reserves of £287 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 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 | 15 | 12 | 14 | 10 | 8 | 6 | 4 | 3 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,439,480 | 1,857,759 | 1,855,677 | 1,825,582 | 103,701 | 93,797 | 77,546 | 83,532 | ||
| Intangible Assets | 3,176 | 8,712 | 14,248 | 19,784 | 17,004 | 13,000 | ||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 1,442,656 | 1,866,471 | 1,869,925 | 1,845,366 | 120,705 | 106,797 | 77,546 | 83,532 | ||
| Stock & work in progress | 228,245 | 227,734 | 220,708 | 181,519 | 96,999 | 54,800 | ||||
| Trade Debtors | 17,616 | 5,485 | 989 | 4,453 | 4,955 | 7,462 | 259,182 | 120,747 | ||
| Group Debtors | ||||||||||
| Misc Debtors | 280,960 | 33,940 | 30,421 | 8,067 | 23,797 | 65,934 | ||||
| Cash | 286,962 | 127,060 | 159,511 | 442,257 | 541,903 | 223,708 | ||||
| misc current assets | ||||||||||
| total current assets | 813,783 | 394,219 | 411,629 | 636,296 | 667,654 | 351,904 | 259,182 | 120,747 | ||
| total assets | 2,256,439 | 2,260,690 | 2,281,554 | 2,481,662 | 788,359 | 458,701 | 336,728 | 204,279 | ||
| Bank overdraft | 53,815 | 191,995 | ||||||||
| Bank loan | 27,026 | 53,815 | ||||||||
| Trade Creditors | 28,762 | 47,196 | 57,121 | 25,609 | 16,735 | 8,668 | 126,544 | 119,921 | ||
| Group/Directors Accounts | ||||||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 148,035 | 82,172 | 119,766 | 263,917 | 123,954 | 56,931 | ||||
| total current liabilities | 203,823 | 183,183 | 230,702 | 481,521 | 140,689 | 65,599 | 126,544 | 119,921 | ||
| loans | 937,257 | 906,910 | 952,291 | 985,859 | ||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | 10,860 | 4,798 | 6,299 | 1,315 | 1,500 | |||||
| other liabilities | 1,563 | |||||||||
| provisions | 29,461 | 34,081 | 31,675 | 23,130 | 13,295 | 8,991 | ||||
| total long term liabilities | 977,578 | 945,789 | 990,265 | 1,008,989 | 13,295 | 8,991 | 1,315 | 3,063 | ||
| total liabilities | 1,181,401 | 1,128,972 | 1,220,967 | 1,490,510 | 153,984 | 74,590 | 127,859 | 122,984 | ||
| net assets | 1,075,038 | 1,131,718 | 1,060,587 | 991,152 | 634,375 | 384,111 | 208,869 | 81,295 | ||
| total shareholders funds | 1,075,038 | 1,131,718 | 1,060,587 | 991,152 | 634,375 | 384,111 | 208,869 | 81,295 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 23,592 | 25,246 | 24,555 | 17,351 | 15,606 | |||||
| Amortisation | 5,536 | 5,536 | 5,536 | 4,557 | 3,334 | |||||
| Tax | ||||||||||
| Stock | 511 | 7,026 | 39,189 | 84,520 | 42,199 | 54,800 | ||||
| Debtors | 259,151 | 8,015 | 18,890 | -16,232 | -44,644 | -185,786 | 138,435 | 120,747 | ||
| Creditors | -18,434 | -9,925 | 31,512 | 8,874 | 8,067 | -117,876 | 6,623 | 119,921 | ||
| Accruals and Deferred Income | 71,925 | -39,095 | -137,852 | 139,963 | 67,023 | 55,616 | -185 | 1,500 | ||
| Deferred Taxes & Provisions | -4,620 | 2,406 | 8,545 | 9,835 | 4,304 | 8,991 | ||||
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | -26,789 | 53,815 | ||||||||
| Group/Directors Accounts | ||||||||||
| Other Short Term Loans | ||||||||||
| Long term loans | 30,347 | -45,381 | -33,568 | 985,859 | ||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | -1,563 | 1,563 | ||||||||
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 159,902 | -32,451 | -282,746 | -99,646 | 318,195 | 223,708 | ||||
| overdraft | -53,815 | -138,180 | 191,995 | |||||||
| change in cash | 159,902 | 21,364 | -144,566 | -291,641 | 318,195 | 223,708 |
baitworks limited Credit Report and Business Information
Baitworks Limited Competitor Analysis
Perform a competitor analysis for baitworks limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in GL7 area or any other competitors across 12 key performance metrics.
baitworks limited Ownership
BAITWORKS LIMITED group structure
Baitworks Limited has no subsidiary companies.
Ultimate parent company
BAITWORKS LIMITED
08989327
baitworks limited directors
Baitworks Limited currently has 1 director, Mr Mark Bryant serving since Apr 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Bryant | England | 49 years | Apr 2014 | - | Director |
P&L
March 2024turnover
1.3m
+24%
operating profit
40.7k
0%
gross margin
29.6%
-2.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
1.1m
-0.05%
total assets
2.3m
0%
cash
287k
+1.26%
net assets
Total assets minus all liabilities
baitworks limited company details
company number
08989327
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
46900 - Non-specialised wholesale trade
incorporation date
April 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
BOWEN ACCOUNTANTS LTD
auditor
-
address
unit 2 waterview the mallards, south cerney industrial estate, cirencester, gloucestershire, GL7 5TQ
Bank
-
Legal Advisor
-
baitworks 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 5 charges/mortgages relating to baitworks limited. Currently there are 3 open charges and 2 have been satisfied in the past.
baitworks 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.
Click to start generating capital raising & share issue transactions for BAITWORKS LIMITED. This can take several minutes, an email will notify you when this has completed.
baitworks limited Companies House Filings - See Documents
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