ashworth developments ltd
ashworth developments ltd Company Information
Company Number
09416979
Next Accounts
Nov 2025
Industry
Development of building projects
Directors
Shareholders
simon david ashmore
susan jane norman
Group Structure
View All
Contact
Registered Address
st mary's grange gaston street, east bergholt, colchester, CO7 6SD
Website
www.ashworthdevelopments.comashworth developments ltd Estimated Valuation
Pomanda estimates the enterprise value of ASHWORTH DEVELOPMENTS LTD at £1.7m based on a Turnover of £3.4m and 0.52x industry multiple (adjusted for size and gross margin).
ashworth developments ltd Estimated Valuation
Pomanda estimates the enterprise value of ASHWORTH DEVELOPMENTS LTD at £0 based on an EBITDA of £-70.2k and a 3.92x industry multiple (adjusted for size and gross margin).
ashworth developments ltd Estimated Valuation
Pomanda estimates the enterprise value of ASHWORTH DEVELOPMENTS LTD at £992.6k based on Net Assets of £668.4k and 1.49x industry multiple (adjusted for liquidity).
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Ashworth Developments Ltd Overview
Ashworth Developments Ltd is a live company located in colchester, CO7 6SD with a Companies House number of 09416979. It operates in the development of building projects sector, SIC Code 41100. Founded in February 2015, it's largest shareholder is simon david ashmore with a 80% stake. Ashworth Developments Ltd is a young, small sized company, Pomanda has estimated its turnover at £3.4m with low growth in recent years.
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Ashworth Developments Ltd Health Check
Pomanda's financial health check has awarded Ashworth Developments Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £3.4m, make it larger than the average company (£2.3m)
- Ashworth Developments Ltd
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (5.3%)
- Ashworth Developments Ltd
5.3% - Industry AVG
Production
with a gross margin of 25.1%, this company has a comparable cost of product (25.1%)
- Ashworth Developments Ltd
25.1% - Industry AVG
Profitability
an operating margin of -2.4% make it less profitable than the average company (7.3%)
- Ashworth Developments Ltd
7.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Ashworth Developments Ltd
6 - Industry AVG
Pay Structure
on an average salary of £48k, the company has an equivalent pay structure (£48k)
- Ashworth Developments Ltd
£48k - Industry AVG
Efficiency
resulting in sales per employee of £1.7m, this is more efficient (£287k)
- Ashworth Developments Ltd
£287k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (27 days)
- Ashworth Developments Ltd
27 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (31 days)
- Ashworth Developments Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ashworth Developments Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 207 weeks, this is more cash available to meet short term requirements (11 weeks)
207 weeks - Ashworth Developments Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6.5%, this is a lower level of debt than the average (73.4%)
6.5% - Ashworth Developments Ltd
73.4% - Industry AVG
ASHWORTH DEVELOPMENTS LTD financials
Ashworth Developments Ltd's latest turnover from February 2024 is estimated at £3.4 million and the company has net assets of £668.4 thousand. According to their latest financial statements, Ashworth Developments Ltd has 2 employees and maintains cash reserves of £39.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Mar 2023 | Mar 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 1 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Mar 2023 | Mar 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 26,622 | 36,696 | 2,361 | 4,635 | 6,179 | 2,642 | 1,907 | 1,868 | 1,241 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 530,659 |
| Total Fixed Assets | 26,622 | 36,696 | 2,361 | 4,635 | 6,179 | 2,642 | 1,907 | 1,868 | 531,900 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 642,740 | 992,727 | 503,624 | 441,840 | 378,266 | 413,746 | 360,447 | 454,530 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,299 | 19,190 | 10,100 | 21,012 | 112,219 | 0 | 0 | 0 | 71 |
| Cash | 39,214 | 36,215 | 1,981 | 7,470 | 15,055 | 7,889 | 51,138 | 1,611 | 416 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 688,253 | 1,048,132 | 515,705 | 470,322 | 505,540 | 421,635 | 411,585 | 456,141 | 487 |
| total assets | 714,875 | 1,084,828 | 518,066 | 474,957 | 511,719 | 424,277 | 413,492 | 458,009 | 532,387 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 91 | 83 | 148 | 0 | 0 | 359,047 | 399,818 | 1,151 | 777 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,490 | 3,344 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 478,000 | 548,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 9,754 | 135,174 | 83,882 | 98,474 | 45,861 | 0 | 0 | 1,803 | 125 |
| total current liabilities | 9,845 | 135,257 | 84,030 | 98,474 | 45,861 | 359,047 | 399,818 | 485,444 | 552,246 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 29,967 | 193,076 | 216,000 | 216,000 | 288,500 | 0 | 0 | 0 | 0 |
| provisions | 6,656 | 9,174 | 449 | 881 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 36,623 | 202,250 | 216,449 | 216,881 | 288,500 | 0 | 0 | 0 | 0 |
| total liabilities | 46,468 | 337,507 | 300,479 | 315,355 | 334,361 | 359,047 | 399,818 | 485,444 | 552,246 |
| net assets | 668,407 | 747,321 | 217,587 | 159,602 | 177,358 | 65,230 | 13,674 | -27,435 | -19,859 |
| total shareholders funds | 668,407 | 747,321 | 217,587 | 159,602 | 177,358 | 65,230 | 13,674 | -27,435 | -19,859 |
| Feb 2024 | Mar 2023 | Mar 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 10,657 | 12,233 | 1,226 | 1,544 | 695 | 881 | 543 | 426 | 281 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -362,878 | 498,193 | 50,872 | -27,633 | 76,739 | 53,299 | -94,083 | -76,200 | 530,730 |
| Creditors | 8 | -65 | 148 | 0 | -359,047 | -40,771 | 398,667 | 374 | 777 |
| Accruals and Deferred Income | -125,420 | 51,292 | -14,592 | 52,613 | 45,861 | 0 | -1,803 | 1,678 | 125 |
| Deferred Taxes & Provisions | -2,518 | 8,725 | -432 | 881 | 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 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -4,490 | 1,146 | 3,344 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -478,000 | -70,000 | 548,000 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -163,109 | -22,924 | 0 | -72,500 | 288,500 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 2,999 | 34,234 | -5,489 | -7,585 | 7,166 | -43,249 | 49,527 | 1,195 | 416 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,999 | 34,234 | -5,489 | -7,585 | 7,166 | -43,249 | 49,527 | 1,195 | 416 |
ashworth developments ltd Credit Report and Business Information
Ashworth Developments Ltd Competitor Analysis
Perform a competitor analysis for ashworth developments ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in CO7 area or any other competitors across 12 key performance metrics.
ashworth developments ltd Ownership
ASHWORTH DEVELOPMENTS LTD group structure
Ashworth Developments Ltd has no subsidiary companies.
Ultimate parent company
ASHWORTH DEVELOPMENTS LTD
09416979
ashworth developments ltd directors
Ashworth Developments Ltd currently has 1 director, Mr Simon Ashmore serving since Feb 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Ashmore | 53 years | Feb 2015 | - | Director |
P&L
February 2024turnover
3.4m
-29%
operating profit
-80.9k
0%
gross margin
25.1%
-2.85%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
668.4k
-0.11%
total assets
714.9k
-0.34%
cash
39.2k
+0.08%
net assets
Total assets minus all liabilities
ashworth developments ltd company details
company number
09416979
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
February 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
February 2024
previous names
N/A
accountant
-
auditor
-
address
st mary's grange gaston street, east bergholt, colchester, CO7 6SD
Bank
-
Legal Advisor
-
ashworth developments ltd 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 ashworth developments ltd.
ashworth developments ltd Companies House Filings - See Documents
| date | description | view/download |
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