manchett group limited
manchett group limited Company Information
Company Number
09133402
Website
manchettfacilities.co.ukRegistered Address
the tack room, lorkins farm conways road, grays, RM16 3EL
Industry
General cleaning of buildings
Telephone
01375892464
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
alan james manchett 51%
james manchett 29%
View Allmanchett group limited Estimated Valuation
Pomanda estimates the enterprise value of MANCHETT GROUP LIMITED at £4.6m based on a Turnover of £13m and 0.35x industry multiple (adjusted for size and gross margin).
manchett group limited Estimated Valuation
Pomanda estimates the enterprise value of MANCHETT GROUP LIMITED at £1.7m based on an EBITDA of £537.5k and a 3.11x industry multiple (adjusted for size and gross margin).
manchett group limited Estimated Valuation
Pomanda estimates the enterprise value of MANCHETT GROUP LIMITED at £8m based on Net Assets of £3.2m and 2.47x industry multiple (adjusted for liquidity).
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Manchett Group Limited Overview
Manchett Group Limited is a live company located in grays, RM16 3EL with a Companies House number of 09133402. It operates in the general cleaning of buildings sector, SIC Code 81210. Founded in July 2014, it's largest shareholder is alan james manchett with a 51% stake. Manchett Group Limited is a established, mid sized company, Pomanda has estimated its turnover at £13m with healthy growth in recent years.
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Manchett Group Limited Health Check
Pomanda's financial health check has awarded Manchett Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £13m, make it larger than the average company (£288.9k)
- Manchett Group Limited
£288.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (4.7%)
- Manchett Group Limited
4.7% - Industry AVG
Production
with a gross margin of 22.6%, this company has a comparable cost of product (22.6%)
- Manchett Group Limited
22.6% - Industry AVG
Profitability
an operating margin of 3.5% make it as profitable than the average company (4%)
- Manchett Group Limited
4% - Industry AVG
Employees
with 35 employees, this is above the industry average (21)
35 - Manchett Group Limited
21 - Industry AVG
Pay Structure
on an average salary of £57.6k, the company has a higher pay structure (£13.6k)
£57.6k - Manchett Group Limited
£13.6k - Industry AVG
Efficiency
resulting in sales per employee of £372.1k, this is more efficient (£23.4k)
- Manchett Group Limited
£23.4k - Industry AVG
Debtor Days
it gets paid by customers after 85 days, this is later than average (50 days)
- Manchett Group Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is slower than average (11 days)
- Manchett Group Limited
11 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (1 days)
- Manchett Group Limited
1 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 38 weeks, this is more cash available to meet short term requirements (20 weeks)
38 weeks - Manchett Group Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.9%, this is a lower level of debt than the average (68.9%)
49.9% - Manchett Group Limited
68.9% - Industry AVG
MANCHETT GROUP LIMITED financials
Manchett Group Limited's latest turnover from March 2023 is estimated at £13 million and the company has net assets of £3.2 million. According to their latest financial statements, Manchett Group Limited has 35 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 157,021 | 65,477 | |||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | 2,017,222 | 1,430,291 | 1,633,047 | 1,027,793 | 2,174,268 | ||||
| Number Of Employees | 35 | 40 | 44 | 110 | 102 | 75 | 40 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 382,202 | 602,203 | 719,335 | 503,296 | 402,051 | 107,105 | 142,807 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 21,567 | 21,567 | 27,636 | 27,636 | 6,064 | 6,064 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 403,769 | 623,770 | 746,971 | 530,932 | 408,115 | 113,169 | 142,807 | 0 | 0 |
| Stock & work in progress | 2,750 | 1,194,475 | 492,500 | 346,000 | 175,000 | 7,125 | 7,125 | 20,000 | 20,000 |
| Trade Debtors | 3,046,946 | 3,130,455 | 1,740,493 | 1,443,617 | 1,423,280 | 444,442 | 544,986 | 47 | 8,076 |
| Group Debtors | 467,457 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 282,770 | 323,268 | 586,656 | 1,455,617 | 497,058 | 153,698 | 21,976 | 0 | 0 |
| Cash | 2,262,401 | 233,752 | 506,037 | 293,141 | 598,317 | 29,305 | 18,203 | 340 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,062,324 | 4,881,950 | 3,325,686 | 3,538,375 | 2,693,655 | 634,570 | 592,290 | 20,387 | 28,076 |
| total assets | 6,466,093 | 5,505,720 | 4,072,657 | 4,069,307 | 3,101,770 | 747,739 | 735,097 | 20,387 | 28,076 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 6,045 | 1,057 | 0 | 0 |
| Bank loan | 10,648 | 10,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 499,724 | 948,048 | 840,527 | 416,368 | 441,346 | 49,376 | 403,599 | 14,948 | 20,075 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 66,474 | 27,037 | 45,636 | 70,858 | 38,505 | 29,262 | 35,185 | 0 | 0 |
| other current liabilities | 2,473,418 | 1,619,052 | 329,611 | 977,998 | 861,719 | 426,813 | 202,386 | 0 | 0 |
| total current liabilities | 3,050,264 | 2,604,137 | 1,225,774 | 1,465,224 | 1,341,570 | 511,496 | 642,227 | 14,948 | 20,075 |
| loans | 21,707 | 32,059 | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 156,590 | 40,546 | 75,249 | 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 | 178,297 | 72,605 | 115,249 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,228,561 | 2,676,742 | 1,341,023 | 1,465,224 | 1,341,570 | 511,496 | 642,227 | 14,948 | 20,075 |
| net assets | 3,237,532 | 2,828,978 | 2,731,634 | 2,604,083 | 1,760,200 | 236,243 | 92,870 | 5,439 | 8,001 |
| total shareholders funds | 3,237,532 | 2,828,978 | 2,731,634 | 2,604,083 | 1,760,200 | 236,243 | 92,870 | 5,439 | 8,001 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 82,301 | 204,403 | 163,491 | 80,910 | 91,047 | 35,702 | 15,270 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | -1,191,725 | 701,975 | 146,500 | 171,000 | 167,875 | 0 | -12,875 | 0 | 20,000 |
| Debtors | 343,450 | 1,126,574 | -572,085 | 978,896 | 1,322,198 | 31,178 | 566,915 | -8,029 | 8,076 |
| Creditors | -448,324 | 107,521 | 424,159 | -24,978 | 391,970 | -354,223 | 388,651 | -5,127 | 20,075 |
| Accruals and Deferred Income | 854,366 | 1,289,441 | -648,387 | 116,279 | 434,906 | 224,427 | 202,386 | 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 | -6,069 | 0 | 21,572 | 0 | 6,064 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 648 | 0 | 10,000 | 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 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,352 | -7,941 | 40,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 155,481 | -53,302 | 50,027 | 32,353 | 9,243 | -5,923 | 35,185 | 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 | 2,028,649 | -272,285 | 212,896 | -305,176 | 569,012 | 11,102 | 17,863 | 340 | 0 |
| overdraft | 0 | 0 | 0 | 0 | -6,045 | 4,988 | 1,057 | 0 | 0 |
| change in cash | 2,028,649 | -272,285 | 212,896 | -305,176 | 575,057 | 6,114 | 16,806 | 340 | 0 |
manchett group limited Credit Report and Business Information
Manchett Group Limited Competitor Analysis
Perform a competitor analysis for manchett group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
manchett group limited Ownership
MANCHETT GROUP LIMITED group structure
Manchett Group Limited has no subsidiary companies.
Ultimate parent company
MANCHETT GROUP LIMITED
09133402
manchett group limited directors
Manchett Group Limited currently has 3 directors. The longest serving directors include Mr James Manchett (Apr 2016) and Mr Richard Love (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Manchett | England | 40 years | Apr 2016 | - | Director |
| Mr Richard Love | England | 40 years | Apr 2016 | - | Director |
| Mr Alan Manchett | England | 65 years | Sep 2016 | - | Director |
P&L
March 2023turnover
13m
-60%
operating profit
455.2k
0%
gross margin
22.6%
+7.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
3.2m
+0.14%
total assets
6.5m
+0.17%
cash
2.3m
+8.68%
net assets
Total assets minus all liabilities
manchett group limited company details
company number
09133402
Type
Private limited with Share Capital
industry
81210 - General cleaning of buildings
incorporation date
July 2014
age
10
accounts
Total Exemption Full
ultimate parent company
previous names
manchett cleaning limited (December 2021)
fencepro (uk) ltd (August 2016)
incorporated
UK
address
the tack room, lorkins farm conways road, grays, RM16 3EL
last accounts submitted
March 2023
manchett group 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 manchett group limited.
manchett group limited Companies House Filings - See Documents
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