avocet heron ltd
avocet heron ltd Company Information
Company Number
09627811
Website
www.avocetheron.comRegistered Address
12 dunsford close, exmouth, EX8 2HW
Industry
Other building completion and finishing
Telephone
01395220073
Next Accounts Due
March 2025
Group Structure
View All
Directors
Michael Nield9 Years
Shareholders
michael nield 100%
avocet heron ltd Estimated Valuation
Pomanda estimates the enterprise value of AVOCET HERON LTD at £166.7k based on a Turnover of £477k and 0.35x industry multiple (adjusted for size and gross margin).
avocet heron ltd Estimated Valuation
Pomanda estimates the enterprise value of AVOCET HERON LTD at £395.6k based on an EBITDA of £103.8k and a 3.81x industry multiple (adjusted for size and gross margin).
avocet heron ltd Estimated Valuation
Pomanda estimates the enterprise value of AVOCET HERON LTD at £25k based on Net Assets of £12.3k and 2.03x industry multiple (adjusted for liquidity).
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Avocet Heron Ltd Overview
Avocet Heron Ltd is a live company located in exmouth, EX8 2HW with a Companies House number of 09627811. It operates in the other building completion and finishing sector, SIC Code 43390. Founded in June 2015, it's largest shareholder is michael nield with a 100% stake. Avocet Heron Ltd is a young, micro sized company, Pomanda has estimated its turnover at £477k with rapid growth in recent years.
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Avocet Heron Ltd Health Check
Pomanda's financial health check has awarded Avocet Heron Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £477k, make it larger than the average company (£318.2k)
- Avocet Heron Ltd
£318.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (7.8%)
- Avocet Heron Ltd
7.8% - Industry AVG
Production
with a gross margin of 25.3%, this company has a comparable cost of product (25.3%)
- Avocet Heron Ltd
25.3% - Industry AVG
Profitability
an operating margin of 15.3% make it more profitable than the average company (7.1%)
- Avocet Heron Ltd
7.1% - Industry AVG
Employees
with 5 employees, this is above the industry average (3)
5 - Avocet Heron Ltd
3 - Industry AVG
Pay Structure
on an average salary of £34.3k, the company has an equivalent pay structure (£34.3k)
- Avocet Heron Ltd
£34.3k - Industry AVG
Efficiency
resulting in sales per employee of £95.4k, this is less efficient (£130.6k)
- Avocet Heron Ltd
£130.6k - Industry AVG
Debtor Days
it gets paid by customers after 82 days, this is later than average (47 days)
- Avocet Heron Ltd
47 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (31 days)
- Avocet Heron Ltd
31 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (17 days)
- Avocet Heron Ltd
17 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (23 weeks)
3 weeks - Avocet Heron Ltd
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.8%, this is a higher level of debt than the average (75.1%)
95.8% - Avocet Heron Ltd
75.1% - Industry AVG
AVOCET HERON LTD financials
Avocet Heron Ltd's latest turnover from June 2023 is estimated at £477 thousand and the company has net assets of £12.3 thousand. According to their latest financial statements, Avocet Heron Ltd has 5 employees and maintains cash reserves of £15 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | ||||||||
| Interest Payable | 1 | |||||||
| Interest Receivable | ||||||||
| Pre-Tax Profit | ||||||||
| Tax | ||||||||
| Profit After Tax | ||||||||
| Dividends Paid | ||||||||
| Retained Profit | ||||||||
| Employee Costs | ||||||||
| Number Of Employees | 5 | 4 | 5 | 6 | 8 | 4 | 3 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 158,631 | 188,876 | 209,817 | 231,775 | 300,357 | 332,574 | 53,955 | 31,658 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 158,631 | 188,876 | 209,817 | 231,775 | 300,357 | 332,574 | 53,955 | 31,658 |
| Stock & work in progress | 5,000 | 15,000 | 15,000 | 10,500 | 18,071 | 21,460 | 1,000 | 1,000 |
| Trade Debtors | 108,189 | 32,645 | 10,616 | 10,211 | 50,539 | 74,113 | 28,400 | 7,903 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 7,860 | 11,314 | 4,330 | 2,977 | 0 | 2,887 | 1,236 | 1,661 |
| Cash | 15,018 | 213 | 4 | 67,017 | 18,909 | 42,776 | 2,374 | 27,174 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 136,067 | 59,172 | 29,950 | 90,705 | 87,519 | 141,236 | 33,010 | 37,738 |
| total assets | 294,698 | 248,048 | 239,767 | 322,480 | 387,876 | 473,810 | 86,965 | 69,396 |
| Bank overdraft | 6,101 | 0 | 0 | 0 | 10,517 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 15,402 | 14,957 | 0 | 0 | 0 | 0 |
| Trade Creditors | 11,551 | 8,069 | 4,314 | 8,957 | 41,495 | 48,764 | 15,234 | 10,221 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 10,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 190,474 | 170,944 | 187,069 | 205,771 | 235,537 | 256,370 | 72,504 | 62,759 |
| total current liabilities | 218,126 | 189,013 | 206,785 | 229,685 | 287,549 | 305,134 | 87,738 | 72,980 |
| loans | 59,830 | 94,169 | 119,223 | 128,578 | 112,018 | 124,802 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 4,474 | 0 | 0 | 0 | 8,340 | 19,037 | 1,341 | 0 |
| total long term liabilities | 64,304 | 94,169 | 119,223 | 128,578 | 120,358 | 143,839 | 1,341 | 0 |
| total liabilities | 282,430 | 283,182 | 326,008 | 358,263 | 407,907 | 448,973 | 89,079 | 72,980 |
| net assets | 12,268 | -35,134 | -86,241 | -35,783 | -20,031 | 24,837 | -2,114 | -3,584 |
| total shareholders funds | 12,268 | -35,134 | -86,241 | -35,783 | -20,031 | 24,837 | -2,114 | -3,584 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 31,042 | 36,831 | 39,827 | 44,279 | 63,158 | 27,627 | 12,369 | 7,403 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | -10,000 | 0 | 4,500 | -7,571 | -3,389 | 20,460 | 0 | 1,000 |
| Debtors | 72,090 | 29,013 | 1,758 | -37,351 | -26,461 | 47,364 | 20,072 | 9,564 |
| Creditors | 3,482 | 3,755 | -4,643 | -32,538 | -7,269 | 33,530 | 5,013 | 10,221 |
| Accruals and Deferred Income | 19,530 | -16,125 | -18,702 | -29,766 | -20,833 | 183,866 | 9,745 | 62,759 |
| Deferred Taxes & Provisions | 4,474 | 0 | 0 | -8,340 | -10,697 | 17,696 | 1,341 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | -15,402 | 445 | 14,957 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -34,339 | -25,054 | -9,355 | 16,560 | -12,784 | 124,802 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 14,805 | 209 | -67,013 | 48,108 | -23,867 | 40,402 | -24,800 | 27,174 |
| overdraft | 6,101 | 0 | 0 | -10,517 | 10,517 | 0 | 0 | 0 |
| change in cash | 8,704 | 209 | -67,013 | 58,625 | -34,384 | 40,402 | -24,800 | 27,174 |
avocet heron ltd Credit Report and Business Information
Avocet Heron Ltd Competitor Analysis
Perform a competitor analysis for avocet heron ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in EX8 area or any other competitors across 12 key performance metrics.
avocet heron ltd Ownership
AVOCET HERON LTD group structure
Avocet Heron Ltd has no subsidiary companies.
Ultimate parent company
AVOCET HERON LTD
09627811
avocet heron ltd directors
Avocet Heron Ltd currently has 1 director, Mr Michael Nield serving since Jun 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Nield | England | 43 years | Jun 2015 | - | Director |
P&L
June 2023turnover
477k
+112%
operating profit
72.7k
0%
gross margin
25.4%
+5.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
12.3k
-1.35%
total assets
294.7k
+0.19%
cash
15k
+69.51%
net assets
Total assets minus all liabilities
avocet heron ltd company details
company number
09627811
Type
Private limited with Share Capital
industry
43390 - Other building completion and finishing
incorporation date
June 2015
age
9
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
June 2023
address
12 dunsford close, exmouth, EX8 2HW
accountant
JON RANSOM
auditor
-
avocet heron 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 avocet heron ltd.
avocet heron ltd Companies House Filings - See Documents
| date | description | view/download |
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