akv group ltd

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akv group ltd Company Information

Share AKV GROUP LTD

Company Number

09540612

Directors

Karl Everitt

Kevin Everitt

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Shareholders

kevin michael everitt

terena everitt

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Group Structure

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Industry

Activities of production holding companies

 

Registered Address

the old forge site, hackworth industrial park, shildon, co. durham, DL4 1HF

akv group ltd Estimated Valuation

£27.4m

Pomanda estimates the enterprise value of AKV GROUP LTD at £27.4m based on a Turnover of £18.7m and 1.46x industry multiple (adjusted for size and gross margin).

akv group ltd Estimated Valuation

£16.7m

Pomanda estimates the enterprise value of AKV GROUP LTD at £16.7m based on an EBITDA of £2.8m and a 6x industry multiple (adjusted for size and gross margin).

akv group ltd Estimated Valuation

£15.7m

Pomanda estimates the enterprise value of AKV GROUP LTD at £15.7m based on Net Assets of £10.1m and 1.55x industry multiple (adjusted for liquidity).

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Akv Group Ltd Overview

Akv Group Ltd is a live company located in shildon, DL4 1HF with a Companies House number of 09540612. It operates in the activities of production holding companies sector, SIC Code 64202. Founded in April 2015, it's largest shareholder is kevin michael everitt with a 25.5% stake. Akv Group Ltd is a established, mid sized company, Pomanda has estimated its turnover at £18.7m with healthy growth in recent years.

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Akv Group Ltd Health Check

Pomanda's financial health check has awarded Akv Group Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

4 Regular

positive_score

2 Weak

size

Size

annual sales of £18.7m, make it in line with the average company (£19.9m)

£18.7m - Akv Group Ltd

£19.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (9.7%)

11% - Akv Group Ltd

9.7% - Industry AVG

production

Production

with a gross margin of 31.3%, this company has a comparable cost of product (32.7%)

31.3% - Akv Group Ltd

32.7% - Industry AVG

profitability

Profitability

an operating margin of 11.7% make it more profitable than the average company (6.1%)

11.7% - Akv Group Ltd

6.1% - Industry AVG

employees

Employees

with 70 employees, this is below the industry average (118)

70 - Akv Group Ltd

118 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.6k, the company has an equivalent pay structure (£41.4k)

£45.6k - Akv Group Ltd

£41.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £267.8k, this is more efficient (£173.6k)

£267.8k - Akv Group Ltd

£173.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 66 days, this is later than average (52 days)

66 days - Akv Group Ltd

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 81 days, this is slower than average (48 days)

81 days - Akv Group Ltd

48 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 19 days, this is less than average (68 days)

19 days - Akv Group Ltd

68 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 79 weeks, this is more cash available to meet short term requirements (13 weeks)

79 weeks - Akv Group Ltd

13 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 31.5%, this is a lower level of debt than the average (55.7%)

31.5% - Akv Group Ltd

55.7% - Industry AVG

AKV GROUP LTD financials

EXPORTms excel logo

Akv Group Ltd's latest turnover from December 2023 is £18.7 million and the company has net assets of £10.1 million. According to their latest financial statements, Akv Group Ltd has 70 employees and maintains cash reserves of £6.7 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Turnover18,747,62021,200,25219,416,42813,777,77114,146,25712,543,14712,204,88810,651,6765,101,305
Other Income Or Grants
Cost Of Sales12,885,15215,191,47313,850,53810,100,93810,534,5299,606,2299,115,8268,321,9813,857,648
Gross Profit5,862,4686,008,7795,565,8903,676,8333,611,7282,936,9183,089,0622,329,6951,243,657
Admin Expenses3,674,0423,424,4292,890,4172,803,0282,900,3882,654,530-253,2542,027,2641,099,269
Operating Profit2,188,4262,584,3502,675,473873,805711,340282,3883,342,316302,431144,388
Interest Payable30,72182,14939,84060,63355,87956,75248,74282,01554,316
Interest Receivable152,05028,1671,7913,1325315273147
Pre-Tax Profit2,309,7552,530,3682,637,424816,304655,992226,1633,293,577220,43090,079
Tax-753,399-504,448-390,006-122,025-29,977-37,058-77,37336,664-58,480
Profit After Tax1,556,3562,025,9202,247,418694,279626,015189,1053,216,204257,09431,599
Dividends Paid345,246597,500175,000175,000175,000125,000100,000196,400
Retained Profit1,211,1101,428,4202,072,418519,279451,01564,1053,116,204-126,980-41,056
Employee Costs3,189,0353,000,4222,862,5222,772,7632,523,3422,353,4552,223,5382,050,9971,032,954
Number Of Employees707272747070666837
EBITDA*2,789,5823,062,3233,274,4291,438,0711,264,950810,5923,841,769839,170456,633

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Tangible Assets823,218846,2931,055,7741,153,6481,200,990881,445792,3122,991,3352,900,642
Intangible Assets574,252959,6261,345,0001,730,3742,116,9902,502,8972,889,1593,262,6293,650,254
Investments & Other2,300,0002,300,0002,300,0002,300,0002,300,0002,300,0002,300,000
Debtors (Due After 1 year)
Total Fixed Assets3,697,4704,105,9194,700,7745,184,0225,617,9805,684,3425,981,4716,253,9646,550,896
Stock & work in progress674,595828,3211,408,765978,745548,573314,990480,7321,863,9502,209,171
Trade Debtors3,395,3874,296,5074,589,8302,763,4093,497,7282,899,4062,878,7642,353,9661,965,250
Group Debtors
Misc Debtors310,150130,13840,91540,337308,2671,362,4721,176,200936,323898,682
Cash6,726,8796,789,7424,233,0733,156,419814,246115,08849,68845,36938,814
misc current assets
total current assets11,107,01112,044,70810,272,5836,938,9105,168,8144,691,9564,585,3845,199,6085,111,917
total assets14,804,48116,150,62714,973,35712,122,93210,786,79410,376,29810,566,85511,453,57211,662,813
Bank overdraft
Bank loan418,989183,333183,333100,000100,000100,0001,373,867129,680
Trade Creditors 2,894,0083,350,9123,594,6993,019,7302,565,7062,250,3682,314,9212,207,5331,712,372
Group/Directors Accounts
other short term finances
hp & lease commitments59,172184,872342,886176,078200,479227,630104,79491,37170,221
other current liabilities1,473,8922,152,9491,748,8591,198,7541,308,0111,502,1071,990,274446,1521,292,250
total current liabilities4,427,0726,107,7225,869,7774,577,8954,174,1964,080,1054,509,9894,118,9233,204,523
loans875,0001,259,8221,450,0751,126,0701,228,6841,329,624803,9451,933,798
hp & lease commitments27,475344,594363,245421,829155,279193,133153,459
Accruals and Deferred Income26,01934,40742,79551,18359,571
other liabilities
provisions213,419242,500346,773325,801191,976157,000139,00082,232108,000
total long term liabilities240,8941,117,5001,606,5952,120,4701,707,3101,841,9201,666,6981,130,4932,254,828
total liabilities4,667,9667,225,2227,476,3726,698,3655,881,5065,922,0256,176,6875,249,4165,459,351
net assets10,136,5158,925,4057,496,9855,424,5674,905,2884,454,2734,390,1685,831,9645,958,944
total shareholders funds10,136,5158,925,4057,496,9855,424,5674,905,2884,454,2734,390,1685,831,9645,958,944
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015
Operating Activities
Operating Profit2,188,4262,584,3502,675,473873,805711,340282,3883,342,316302,431144,388
Depreciation215,78292,599213,582178,493167,703141,942118,975149,11486,245
Amortisation385,374385,374385,374385,773385,907386,262380,478387,625226,000
Tax-753,399-504,448-390,006-122,025-29,977-37,058-77,37336,664-58,480
Stock-153,726-580,444430,020430,172233,583-165,742-1,383,218-345,2212,209,171
Debtors-721,108-204,1001,826,999-1,002,249-455,883206,914764,675426,3572,863,932
Creditors-456,904-243,787574,969454,024315,338-64,553107,388495,1611,712,372
Accruals and Deferred Income-679,057404,090550,105-135,276-202,484-496,5551,535,734-854,4861,351,821
Deferred Taxes & Provisions-29,081-104,27320,972133,82534,97618,00056,768-25,768108,000
Cash flow from operations1,745,9753,398,4491,773,4502,340,6961,605,103189,2546,082,829409,605-1,502,757
Investing Activities
capital expenditure-223,075-200,323-87,604-34,476
Change in Investments2,300,000
cash flow from investments-223,075-2,500,323-87,604-34,476
Financing Activities
Bank loans-418,989235,65683,333-1,273,8671,244,187129,680
Group/Directors Accounts
Other Short Term Loans
Long term loans-875,000-384,822-190,253324,005-102,614-100,940525,679-1,129,8531,933,798
Hire Purchase and Lease Commitments-98,225-158,014-177,786-43,052-85,735389,386-24,43160,824223,680
other long term liabilities
share issue-4,558,0006,000,000
interest121,329-53,982-38,049-57,501-55,348-56,225-48,739-82,001-54,309
cash flow from financing-1,270,885-361,162-406,088306,785-243,697232,221-5,379,35893,1578,232,849
cash and cash equivalents
cash-62,8632,556,6691,076,6542,342,173699,15865,4004,3196,55538,814
overdraft
change in cash-62,8632,556,6691,076,6542,342,173699,15865,4004,3196,55538,814

akv group ltd 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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Akv Group Ltd Competitor Analysis

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Perform a competitor analysis for akv group ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in DL4 area or any other competitors across 12 key performance metrics.

akv group ltd Ownership

AKV GROUP LTD group structure

Akv Group Ltd has 2 subsidiary companies.

Ultimate parent company

AKV GROUP LTD

09540612

2 subsidiaries

AKV GROUP LTD Shareholders

kevin michael everitt 25.5%
terena everitt 25.5%
lee hammond 20%
karl everitt 18%
laura ward 11%
everitt family no 2 trust 0%
everitt family no 1 trust 0%

akv group ltd directors

Akv Group Ltd currently has 3 directors. The longest serving directors include Mr Karl Everitt (Apr 2015) and Mr Kevin Everitt (Apr 2015).

officercountryagestartendrole
Mr Karl Everitt40 years Apr 2015- Director
Mr Kevin EverittUnited Kingdom66 years Apr 2015- Director
Mr Lee HammondUnited Kingdom46 years Mar 2017- Director

P&L

December 2023

turnover

18.7m

-12%

operating profit

2.2m

-15%

gross margin

31.3%

+10.33%

turnover

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

Balance Sheet

December 2023

net assets

10.1m

+0.14%

total assets

14.8m

-0.08%

cash

6.7m

-0.01%

net assets

Total assets minus all liabilities

akv group ltd company details

company number

09540612

Type

Private limited with Share Capital

industry

64202 - Activities of production holding companies

incorporation date

April 2015

age

10

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

WALTONS BUSINESS ADVISERS LIMITED

address

the old forge site, hackworth industrial park, shildon, co. durham, DL4 1HF

Bank

-

Legal Advisor

-

akv 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 3 charges/mortgages relating to akv group ltd. Currently there are 0 open charges and 3 have been satisfied in the past.

akv 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.

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akv group ltd Companies House Filings - See Documents

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