evridge group ltd
evridge group ltd Company Information
Company Number
09530386
Next Accounts
Jul 2025
Shareholders
glen molineux
Group Structure
View All
Industry
Manufacture of other special-purpose machinery n.e.c.
Registered Address
10-11 storefast estate, park corner road, gravesend, kent, DA13 9LJ
Website
www.evridgeengineering.comevridge group ltd Estimated Valuation
Pomanda estimates the enterprise value of EVRIDGE GROUP LTD at £1.1m based on a Turnover of £1.8m and 0.58x industry multiple (adjusted for size and gross margin).
evridge group ltd Estimated Valuation
Pomanda estimates the enterprise value of EVRIDGE GROUP LTD at £2.6m based on an EBITDA of £606.3k and a 4.33x industry multiple (adjusted for size and gross margin).
evridge group ltd Estimated Valuation
Pomanda estimates the enterprise value of EVRIDGE GROUP LTD at £2.2m based on Net Assets of £1m and 2.21x industry multiple (adjusted for liquidity).
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Evridge Group Ltd Overview
Evridge Group Ltd is a live company located in gravesend, DA13 9LJ with a Companies House number of 09530386. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in April 2015, it's largest shareholder is glen molineux with a 100% stake. Evridge Group Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.
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Evridge Group Ltd Health Check
Pomanda's financial health check has awarded Evridge Group Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£11.6m)
- Evridge Group Ltd
£11.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (3.2%)
- Evridge Group Ltd
3.2% - Industry AVG
Production
with a gross margin of 30.7%, this company has a comparable cost of product (30.7%)
- Evridge Group Ltd
30.7% - Industry AVG
Profitability
an operating margin of 27.3% make it more profitable than the average company (6.4%)
- Evridge Group Ltd
6.4% - Industry AVG
Employees
with 15 employees, this is below the industry average (65)
15 - Evridge Group Ltd
65 - Industry AVG
Pay Structure
on an average salary of £50.1k, the company has an equivalent pay structure (£50.1k)
- Evridge Group Ltd
£50.1k - Industry AVG
Efficiency
resulting in sales per employee of £123.3k, this is less efficient (£181.6k)
- Evridge Group Ltd
£181.6k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (59 days)
- Evridge Group Ltd
59 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (46 days)
- Evridge Group Ltd
46 days - Industry AVG
Stock Days
it holds stock equivalent to 38 days, this is less than average (91 days)
- Evridge Group Ltd
91 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 32 weeks, this is more cash available to meet short term requirements (13 weeks)
32 weeks - Evridge Group Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.4%, this is a lower level of debt than the average (48.4%)
42.4% - Evridge Group Ltd
48.4% - Industry AVG
EVRIDGE GROUP LTD financials
Evridge Group Ltd's latest turnover from October 2023 is estimated at £1.8 million and the company has net assets of £1 million. According to their latest financial statements, Evridge Group Ltd has 15 employees and maintains cash reserves of £211 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 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 | 15 | 22 | 22 | 22 | 20 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 872,875 | 325,779 | 193,074 | 123,626 | 136,923 | 135,982 | 230,623 | 260,623 | 302,748 |
| Intangible Assets | 6,000 | 7,500 | 9,000 | 10,500 | 12,000 | 13,500 | 15,000 | 15,000 | 15,000 |
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | 11,012 | ||||||||
| Total Fixed Assets | 878,875 | 333,279 | 202,074 | 134,126 | 159,935 | 149,482 | 245,623 | 275,623 | 317,748 |
| Stock & work in progress | 136,500 | 175,250 | 193,315 | 216,559 | 280,373 | 330,355 | 298,497 | 279,437 | 279,437 |
| Trade Debtors | 481,212 | 290,006 | 418,710 | 398,443 | 412,526 | 495,130 | 296,139 | 323,905 | 55,201 |
| Group Debtors | |||||||||
| Misc Debtors | 41,871 | 57,226 | 427,812 | 382,497 | 343,116 | 198,412 | 146,680 | ||
| Cash | 211,016 | 175,190 | 66,768 | 77,168 | 52,295 | 19,485 | 458 | ||
| misc current assets | |||||||||
| total current assets | 870,599 | 697,672 | 1,106,605 | 1,074,667 | 1,088,310 | 1,178,754 | 793,506 | 750,022 | 334,638 |
| total assets | 1,749,474 | 1,030,951 | 1,308,679 | 1,208,793 | 1,248,245 | 1,328,236 | 1,039,129 | 1,025,645 | 652,386 |
| Bank overdraft | 10,000 | 10,000 | 10,000 | 612 | |||||
| Bank loan | |||||||||
| Trade Creditors | 48,779 | 107,489 | 367,474 | 821,899 | 408,987 | 443,531 | 375,195 | 340,339 | 274,427 |
| Group/Directors Accounts | |||||||||
| other short term finances | 30,426 | ||||||||
| hp & lease commitments | 57,566 | 84,855 | |||||||
| other current liabilities | 280,344 | 88,672 | 509,750 | 458,823 | 225,400 | 220,860 | |||
| total current liabilities | 339,123 | 206,161 | 887,224 | 821,899 | 867,810 | 942,101 | 658,161 | 646,666 | 274,427 |
| loans | 14,118 | 24,899 | 35,931 | ||||||
| hp & lease commitments | 42,216 | 101,653 | 183,856 | ||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | 388,753 | 176,614 | |||||||
| provisions | |||||||||
| total long term liabilities | 402,871 | 201,513 | 35,931 | 42,216 | 101,653 | 183,856 | |||
| total liabilities | 741,994 | 407,674 | 923,155 | 821,899 | 867,810 | 942,101 | 700,377 | 748,319 | 458,283 |
| net assets | 1,007,480 | 623,277 | 385,524 | 386,894 | 380,435 | 386,135 | 338,752 | 277,326 | 194,103 |
| total shareholders funds | 1,007,480 | 623,277 | 385,524 | 386,894 | 380,435 | 386,135 | 338,752 | 277,326 | 194,103 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 99,319 | 39,711 | 21,520 | 17,526 | 30,000 | 30,000 | 30,000 | 48,775 | |
| Amortisation | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | ||||
| Tax | |||||||||
| Stock | -38,750 | -18,065 | -23,244 | -63,814 | -49,982 | 31,858 | 19,060 | 279,437 | |
| Debtors | 175,851 | -499,290 | 65,582 | 14,286 | 271,524 | 579 | 23,966 | 415,384 | 55,201 |
| Creditors | -58,710 | -259,985 | -454,425 | 412,912 | -34,544 | 68,336 | 34,856 | 65,912 | 274,427 |
| Accruals and Deferred Income | 191,672 | -421,078 | 509,750 | -458,823 | 458,823 | -225,400 | 4,540 | 220,860 | |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | |||||||||
| Other Short Term Loans | -30,426 | 30,426 | |||||||
| Long term loans | -10,781 | -11,032 | 35,931 | ||||||
| Hire Purchase and Lease Commitments | -99,782 | -86,726 | 2,652 | 183,856 | |||||
| other long term liabilities | 212,139 | 176,614 | |||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 35,826 | 108,422 | -10,400 | 24,873 | 32,810 | 19,027 | 458 | ||
| overdraft | 10,000 | -612 | 612 | ||||||
| change in cash | 35,826 | 108,422 | -20,400 | 24,873 | 32,810 | 19,027 | 1,070 | -612 |
evridge group ltd Credit Report and Business Information
Evridge Group Ltd Competitor Analysis
Perform a competitor analysis for evridge group ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in DA13 area or any other competitors across 12 key performance metrics.
evridge group ltd Ownership
EVRIDGE GROUP LTD group structure
Evridge Group Ltd has no subsidiary companies.
Ultimate parent company
EVRIDGE GROUP LTD
09530386
evridge group ltd directors
Evridge Group Ltd currently has 3 directors. The longest serving directors include Mr Glen Molineux (Jan 2017) and Mr Glen Molineux (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Glen Molineux | England | 66 years | Jan 2017 | - | Director |
| Mr Glen Molineux | England | 66 years | Jan 2017 | - | Director |
| Mrs Debra Molineux | England | 69 years | Mar 2022 | - | Director |
P&L
October 2023turnover
1.8m
+25%
operating profit
505.5k
0%
gross margin
30.7%
-3.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
1m
+0.62%
total assets
1.7m
+0.7%
cash
211k
+0.2%
net assets
Total assets minus all liabilities
evridge group ltd company details
company number
09530386
Type
Private limited with Share Capital
industry
28990 - Manufacture of other special-purpose machinery n.e.c.
incorporation date
April 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
October 2023
previous names
freeminer gloucester limited (October 2015)
accountant
-
auditor
-
address
10-11 storefast estate, park corner road, gravesend, kent, DA13 9LJ
Bank
-
Legal Advisor
-
evridge group 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 found 4 charges/mortgages relating to evridge group ltd. Currently there are 0 open charges and 4 have been satisfied in the past.
evridge group ltd 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 EVRIDGE GROUP LTD. This can take several minutes, an email will notify you when this has completed.
evridge group ltd Companies House Filings - See Documents
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