chigwell (london) plc
chigwell (london) plc Company Information
Company Number
09812304
Website
-Registered Address
aaron house ,unit 8, hainault business park, ilford, essex, IG6 3JP
Industry
Activities of head offices
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
chigwell group ltd 100%
chigwell (london) plc Estimated Valuation
Pomanda estimates the enterprise value of CHIGWELL (LONDON) PLC at £12m based on a Turnover of £13.3m and 0.9x industry multiple (adjusted for size and gross margin).
chigwell (london) plc Estimated Valuation
Pomanda estimates the enterprise value of CHIGWELL (LONDON) PLC at £7.4m based on an EBITDA of £1.2m and a 6.22x industry multiple (adjusted for size and gross margin).
chigwell (london) plc Estimated Valuation
Pomanda estimates the enterprise value of CHIGWELL (LONDON) PLC at £1.6m based on Net Assets of £2.1m and 0.77x industry multiple (adjusted for liquidity).
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Chigwell (london) Plc Overview
Chigwell (london) Plc is a live company located in ilford, IG6 3JP with a Companies House number of 09812304. It operates in the activities of head offices sector, SIC Code 70100. Founded in October 2015, it's largest shareholder is chigwell group ltd with a 100% stake. Chigwell (london) Plc is a young, mid sized company, Pomanda has estimated its turnover at £13.3m with rapid growth in recent years.
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Chigwell (london) Plc Health Check
Pomanda's financial health check has awarded Chigwell (London) Plc a 4 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
3 Regular
5 Weak
Size
annual sales of £13.3m, make it smaller than the average company (£20.3m)
£13.3m - Chigwell (london) Plc
£20.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 67%, show it is growing at a faster rate (3.9%)
67% - Chigwell (london) Plc
3.9% - Industry AVG
Production
with a gross margin of 33.6%, this company has a comparable cost of product (32.9%)
33.6% - Chigwell (london) Plc
32.9% - Industry AVG
Profitability
an operating margin of 8.7% make it more profitable than the average company (5.9%)
8.7% - Chigwell (london) Plc
5.9% - Industry AVG
Employees
with 32 employees, this is below the industry average (120)
32 - Chigwell (london) Plc
120 - Industry AVG
Pay Structure
on an average salary of £44.5k, the company has an equivalent pay structure (£45k)
£44.5k - Chigwell (london) Plc
£45k - Industry AVG
Efficiency
resulting in sales per employee of £415.6k, this is more efficient (£182.8k)
£415.6k - Chigwell (london) Plc
£182.8k - Industry AVG
Debtor Days
it gets paid by customers after 64 days, this is later than average (46 days)
64 days - Chigwell (london) Plc
46 days - Industry AVG
Creditor Days
its suppliers are paid after 85 days, this is slower than average (45 days)
85 days - Chigwell (london) Plc
45 days - Industry AVG
Stock Days
it holds stock equivalent to 48 days, this is in line with average (48 days)
48 days - Chigwell (london) Plc
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (16 weeks)
5 weeks - Chigwell (london) Plc
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 75.9%, this is a higher level of debt than the average (57%)
75.9% - Chigwell (london) Plc
57% - Industry AVG
CHIGWELL (LONDON) PLC financials
Chigwell (London) Plc's latest turnover from January 2023 is £13.3 million and the company has net assets of £2.1 million. According to their latest financial statements, Chigwell (London) Plc has 32 employees and maintains cash reserves of £416.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Dec 2018 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 13,300,318 | 12,400,000 | 10,088,459 | 2,838,175 | 0 | 0 | 505,000 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 8,832,496 | 8,930,945 | 7,444,614 | 2,675,762 | 19,279 | 19,279 | 442,369 | 0 |
| Gross Profit | 4,467,822 | 3,469,055 | 2,643,845 | 162,413 | -19,279 | -19,279 | 62,631 | 0 |
| Admin Expenses | 3,309,213 | 3,015,263 | 2,253,079 | 42,194 | -90,650 | -90,650 | 1,083 | 9,518 |
| Operating Profit | 1,158,609 | 453,792 | 390,766 | 120,219 | 71,371 | 71,371 | 61,548 | -9,518 |
| Interest Payable | 257,610 | 113,869 | 87,695 | 90,609 | 26,575 | 26,575 | 0 | 5,686 |
| Interest Receivable | 0 | 0 | 96,536 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 900,999 | 339,923 | 399,607 | 29,610 | 44,796 | 44,796 | 61,548 | -15,204 |
| Tax | -108,632 | -210,544 | -66,943 | -4,816 | -8,511 | -8,511 | -9,289 | 0 |
| Profit After Tax | 792,367 | 129,379 | 332,664 | 24,794 | 36,285 | 36,285 | 52,259 | -15,204 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 792,367 | 129,379 | 332,664 | 24,794 | 36,285 | 36,285 | 52,259 | -15,204 |
| Employee Costs | 1,424,523 | 1,354,769 | 0 | |||||
| Number Of Employees | 32 | 35 | 25 | |||||
| EBITDA* | 1,190,171 | 495,070 | 410,563 | 122,094 | 71,371 | 71,371 | 61,548 | -9,518 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Dec 2018 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 507,423 | 135,856 | 65,804 | 2,009,226 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 3,260,000 | 2,000,000 | 2,000,000 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,767,423 | 2,135,856 | 2,065,804 | 2,009,226 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 1,168,190 | 820,000 | 513,729 | 318,123 | 884,636 | 884,636 | 80,809 | 513,467 |
| Trade Debtors | 2,354,788 | 1,386,886 | 1,395,297 | 736,493 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 166,000 | 166,000 | 0 | 2,000 |
| Misc Debtors | 958,673 | 1,038,649 | 876,618 | 252,253 | 151,252 | 151,252 | 72,380 | 4,004 |
| Cash | 416,167 | 394,941 | 263,161 | 3,034 | 19,636 | 19,636 | 145 | 1,572 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,897,818 | 3,640,476 | 3,048,805 | 1,309,903 | 1,221,524 | 1,221,524 | 153,334 | 521,043 |
| total assets | 8,665,241 | 5,776,332 | 5,114,609 | 3,319,129 | 1,221,524 | 1,221,524 | 153,334 | 521,043 |
| Bank overdraft | 466,389 | 121,667 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,067,458 | 1,431,753 | 1,500,479 | 529,591 | 596 | 596 | 0 | 2,606 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 396,052 | 396,052 | 105,640 | 0 |
| other short term finances | 101,783 | 25,938 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,164,622 | 416,203 | 792,976 | 724,869 | 9,761 | 9,761 | 10,539 | 1,250 |
| total current liabilities | 3,800,252 | 1,995,561 | 2,293,455 | 1,254,460 | 406,409 | 406,409 | 116,179 | 3,856 |
| loans | 2,317,611 | 2,029,258 | 1,357,287 | 811,476 | 461,675 | 461,675 | 0 | 532,291 |
| 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 | 270,000 | 300,000 | 300,000 | 521,890 | 280,000 | 280,000 | 0 | 0 |
| provisions | 191,765 | 158,267 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,779,376 | 2,487,525 | 1,657,287 | 1,333,366 | 741,675 | 741,675 | 0 | 532,291 |
| total liabilities | 6,579,628 | 4,483,086 | 3,950,742 | 2,587,826 | 1,148,084 | 1,148,084 | 116,179 | 536,147 |
| net assets | 2,085,613 | 1,293,246 | 1,163,867 | 731,303 | 73,440 | 73,440 | 37,155 | -15,104 |
| total shareholders funds | 2,085,613 | 1,293,246 | 1,163,867 | 731,303 | 73,440 | 73,440 | 37,155 | -15,104 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Dec 2018 | Oct 2018 | Oct 2017 | Oct 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 1,158,609 | 453,792 | 390,766 | 120,219 | 71,371 | 71,371 | 61,548 | -9,518 |
| Depreciation | 31,562 | 41,278 | 19,797 | 1,875 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -108,632 | -210,544 | -66,943 | -4,816 | -8,511 | -8,511 | -9,289 | 0 |
| Stock | 348,190 | 306,271 | 195,606 | 318,123 | 803,827 | 803,827 | -432,658 | 513,467 |
| Debtors | 887,926 | 153,620 | 1,283,169 | 988,746 | 244,872 | 244,872 | 66,376 | 6,004 |
| Creditors | 635,705 | -68,726 | 970,888 | 529,591 | 596 | 596 | -2,606 | 2,606 |
| Accruals and Deferred Income | 748,419 | -376,773 | 68,107 | 724,869 | -778 | -778 | 9,289 | 1,250 |
| Deferred Taxes & Provisions | 33,498 | 158,267 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,263,045 | -462,597 | -96,160 | 64,869 | -986,021 | -986,021 | 425,224 | -525,133 |
| Investing Activities | ||||||||
| capital expenditure | 0 | 0 | ||||||
| Change in Investments | 1,260,000 | 0 | 2,000,000 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -1,260,000 | 0 | ||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 290,412 | 290,412 | 105,640 | 0 |
| Other Short Term Loans | 75,845 | 25,938 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 288,353 | 671,971 | 545,811 | 811,476 | 461,675 | 461,675 | -532,291 | 532,291 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -30,000 | 0 | -221,890 | 521,890 | 280,000 | 280,000 | 0 | 0 |
| share issue | ||||||||
| interest | -257,610 | -113,869 | 8,841 | -90,609 | -26,575 | -26,575 | 0 | -5,686 |
| cash flow from financing | 76,588 | 584,040 | 432,662 | 1,949,266 | 1,005,512 | 1,005,512 | -426,651 | 526,705 |
| cash and cash equivalents | ||||||||
| cash | 21,226 | 131,780 | 260,127 | 3,034 | 19,491 | 19,491 | -1,427 | 1,572 |
| overdraft | 344,722 | 121,667 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -323,496 | 10,113 | 260,127 | 3,034 | 19,491 | 19,491 | -1,427 | 1,572 |
chigwell (london) plc Credit Report and Business Information
Chigwell (london) Plc Competitor Analysis
Perform a competitor analysis for chigwell (london) plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in IG6 area or any other competitors across 12 key performance metrics.
chigwell (london) plc Ownership
CHIGWELL (LONDON) PLC group structure
Chigwell (London) Plc has 1 subsidiary company.
Ultimate parent company
1 parent
CHIGWELL (LONDON) PLC
09812304
1 subsidiary
chigwell (london) plc directors
Chigwell (London) Plc currently has 5 directors. The longest serving directors include Mr Dean Floyd (Oct 2015) and Mr Pushwinder Attlas (Dec 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Dean Floyd | England | 57 years | Oct 2015 | - | Director |
| Mr Pushwinder Attlas | England | 34 years | Dec 2022 | - | Director |
| Mrs Melissa Floyd | United Kingdom | 44 years | Dec 2022 | - | Director |
| Mrs Angela Willcock | England | 51 years | Sep 2024 | - | Director |
| Mr Anthony King | England | 46 years | Sep 2024 | - | Director |
P&L
January 2023turnover
13.3m
+7%
operating profit
1.2m
+155%
gross margin
33.6%
+20.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
2.1m
+0.61%
total assets
8.7m
+0.5%
cash
416.2k
+0.05%
net assets
Total assets minus all liabilities
chigwell (london) plc company details
company number
09812304
Type
Public limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
October 2015
age
9
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
chigwell (london) limited (July 2024)
tanners lane developments ltd (January 2020)
last accounts submitted
January 2023
address
aaron house ,unit 8, hainault business park, ilford, essex, IG6 3JP
accountant
-
auditor
AGK PARTNERS
chigwell (london) plc 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 8 charges/mortgages relating to chigwell (london) plc. Currently there are 2 open charges and 6 have been satisfied in the past.
chigwell (london) plc Companies House Filings - See Documents
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