coat n connect limited
coat n connect limited Company Information
Company Number
09769765
Next Accounts
Mar 2025
Shareholders
qualtronyc property holdings limited
michael david ellis
Group Structure
View All
Industry
Treatment and coating of metals
Registered Address
1st floor, two chamberlain square, birmingham, B3 3AX
Website
-coat n connect limited Estimated Valuation
Pomanda estimates the enterprise value of COAT N CONNECT LIMITED at £982.9k based on a Turnover of £1.8m and 0.55x industry multiple (adjusted for size and gross margin).
coat n connect limited Estimated Valuation
Pomanda estimates the enterprise value of COAT N CONNECT LIMITED at £0 based on an EBITDA of £-208.2k and a 4.02x industry multiple (adjusted for size and gross margin).
coat n connect limited Estimated Valuation
Pomanda estimates the enterprise value of COAT N CONNECT LIMITED at £0 based on Net Assets of £-233.3k and 2.48x industry multiple (adjusted for liquidity).
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Coat N Connect Limited Overview
Coat N Connect Limited is a dissolved company that was located in birmingham, B3 3AX with a Companies House number of 09769765. It operated in the treatment and coating of metals sector, SIC Code 25610. Founded in September 2015, it's largest shareholder was qualtronyc property holdings limited with a 80% stake. The last turnover for Coat N Connect Limited was estimated at £1.8m.
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Coat N Connect Limited Health Check
Pomanda's financial health check has awarded Coat N Connect Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£6.1m)
- Coat N Connect Limited
£6.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Coat N Connect Limited
- - Industry AVG
Production
with a gross margin of 36.3%, this company has a comparable cost of product (36.3%)
- Coat N Connect Limited
36.3% - Industry AVG
Profitability
an operating margin of -15.1% make it less profitable than the average company (7.3%)
- Coat N Connect Limited
7.3% - Industry AVG
Employees
with 42 employees, this is below the industry average (79)
42 - Coat N Connect Limited
79 - Industry AVG
Pay Structure
on an average salary of £32.5k, the company has an equivalent pay structure (£32.5k)
- Coat N Connect Limited
£32.5k - Industry AVG
Efficiency
resulting in sales per employee of £42.4k, this is less efficient (£87.1k)
- Coat N Connect Limited
£87.1k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is earlier than average (69 days)
- Coat N Connect Limited
69 days - Industry AVG
Creditor Days
its suppliers are paid after 57 days, this is slower than average (38 days)
- Coat N Connect Limited
38 days - Industry AVG
Stock Days
it holds stock equivalent to 11 days, this is less than average (20 days)
- Coat N Connect Limited
20 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Coat N Connect Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 134.1%, this is a higher level of debt than the average (47.1%)
134.1% - Coat N Connect Limited
47.1% - Industry AVG
COAT N CONNECT LIMITED financials
Coat N Connect Limited's latest turnover from May 2017 is estimated at £1.8 million and the company has net assets of -£233.3 thousand. According to their latest financial statements, Coat N Connect Limited has 42 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2017 | May 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 | 42 | 33 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2017 | May 2016 | |
|---|---|---|
| Tangible Assets | 368,750 | 397,941 |
| Intangible Assets | 2,361 | 4,028 |
| Investments & Other | ||
| Debtors (Due After 1 year) | ||
| Total Fixed Assets | 371,111 | 401,969 |
| Stock & work in progress | 35,908 | 30,371 |
| Trade Debtors | 238,872 | 250,928 |
| Group Debtors | ||
| Misc Debtors | 37,773 | 30,164 |
| Cash | ||
| misc current assets | ||
| total current assets | 312,553 | 311,463 |
| total assets | 683,664 | 713,432 |
| Bank overdraft | 185,147 | 120,670 |
| Bank loan | ||
| Trade Creditors | 177,877 | 127,212 |
| Group/Directors Accounts | 484,117 | 296,098 |
| other short term finances | ||
| hp & lease commitments | ||
| other current liabilities | 41,694 | 42,172 |
| total current liabilities | 888,835 | 586,152 |
| loans | ||
| hp & lease commitments | ||
| Accruals and Deferred Income | ||
| other liabilities | ||
| provisions | 28,160 | 53,123 |
| total long term liabilities | 28,160 | 53,123 |
| total liabilities | 916,995 | 639,275 |
| net assets | -233,331 | 74,157 |
| total shareholders funds | -233,331 | 74,157 |
| May 2017 | May 2016 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 59,000 | 9,834 |
| Amortisation | 1,667 | 972 |
| Tax | ||
| Stock | 5,537 | 30,371 |
| Debtors | -4,447 | 281,092 |
| Creditors | 50,665 | 127,212 |
| Accruals and Deferred Income | -478 | 42,172 |
| Deferred Taxes & Provisions | -24,963 | 53,123 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | ||
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | ||
| Group/Directors Accounts | 188,019 | 296,098 |
| Other Short Term Loans | ||
| Long term loans | ||
| Hire Purchase and Lease Commitments | ||
| other long term liabilities | ||
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | ||
| overdraft | 64,477 | 120,670 |
| change in cash | -64,477 | -120,670 |
coat n connect limited Credit Report and Business Information
Coat N Connect Limited Competitor Analysis
Perform a competitor analysis for coat n connect limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in B 3 area or any other competitors across 12 key performance metrics.
coat n connect limited Ownership
COAT N CONNECT LIMITED group structure
Coat N Connect Limited has no subsidiary companies.
Ultimate parent company
1 parent
COAT N CONNECT LIMITED
09769765
coat n connect limited directors
Coat N Connect Limited currently has 3 directors. The longest serving directors include Mr Ronald Atkins (Sep 2015) and Mr Michael Ellis (Dec 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ronald Atkins | 81 years | Sep 2015 | - | Director | |
| Mr Michael Ellis | United Kingdom | 57 years | Dec 2015 | - | Director |
| Miss Deborah Atkins | England | 51 years | Apr 2017 | - | Director |
P&L
May 2017turnover
1.8m
+13%
operating profit
-268.9k
0%
gross margin
36.3%
+6.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2017net assets
-233.3k
-4.15%
total assets
683.7k
-0.04%
cash
0
0%
net assets
Total assets minus all liabilities
coat n connect limited company details
company number
09769765
Type
Private limited with Share Capital
industry
25610 - Treatment and coating of metals
incorporation date
September 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2017
previous names
N/A
accountant
-
auditor
-
address
1st floor, two chamberlain square, birmingham, B3 3AX
Bank
-
Legal Advisor
-
coat n connect 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 coat n connect limited.
coat n connect limited 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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coat n connect limited Companies House Filings - See Documents
| date | description | view/download |
|---|
