armaflo ltd
armaflo ltd Company Information
Company Number
09876231
Next Accounts
Sep 2025
Industry
Wholesale of hardware, plumbing and heating equipment and supplies
Shareholders
robert george harmer
joan harmer
View AllGroup Structure
View All
Contact
Registered Address
unit 3 & 4 benyon park way, leeds, LS12 6DP
Website
www.armafix.comarmaflo ltd Estimated Valuation
Pomanda estimates the enterprise value of ARMAFLO LTD at £3.1m based on a Turnover of £6.6m and 0.47x industry multiple (adjusted for size and gross margin).
armaflo ltd Estimated Valuation
Pomanda estimates the enterprise value of ARMAFLO LTD at £913.7k based on an EBITDA of £229.6k and a 3.98x industry multiple (adjusted for size and gross margin).
armaflo ltd Estimated Valuation
Pomanda estimates the enterprise value of ARMAFLO LTD at £2.7m based on Net Assets of £1.3m and 2.07x industry multiple (adjusted for liquidity).
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Armaflo Ltd Overview
Armaflo Ltd is a live company located in leeds, LS12 6DP with a Companies House number of 09876231. It operates in the wholesale of hardware, plumbing and heating equipment and supplies sector, SIC Code 46740. Founded in November 2015, it's largest shareholder is robert george harmer with a 49.5% stake. Armaflo Ltd is a young, mid sized company, Pomanda has estimated its turnover at £6.6m with high growth in recent years.
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Armaflo Ltd Health Check
Pomanda's financial health check has awarded Armaflo Ltd a 3 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
4 Regular
5 Weak
Size
annual sales of £6.6m, make it smaller than the average company (£19.5m)
- Armaflo Ltd
£19.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (7.3%)
- Armaflo Ltd
7.3% - Industry AVG
Production
with a gross margin of 27.8%, this company has a comparable cost of product (27.8%)
- Armaflo Ltd
27.8% - Industry AVG
Profitability
an operating margin of 1.7% make it less profitable than the average company (5.7%)
- Armaflo Ltd
5.7% - Industry AVG
Employees
with 31 employees, this is below the industry average (64)
31 - Armaflo Ltd
64 - Industry AVG
Pay Structure
on an average salary of £42.5k, the company has an equivalent pay structure (£42.5k)
- Armaflo Ltd
£42.5k - Industry AVG
Efficiency
resulting in sales per employee of £213.5k, this is less efficient (£338.4k)
- Armaflo Ltd
£338.4k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is near the average (52 days)
- Armaflo Ltd
52 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is slower than average (44 days)
- Armaflo Ltd
44 days - Industry AVG
Stock Days
it holds stock equivalent to 66 days, this is less than average (91 days)
- Armaflo Ltd
91 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (15 weeks)
11 weeks - Armaflo Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 52.7%, this is a similar level of debt than the average (49%)
52.7% - Armaflo Ltd
49% - Industry AVG
ARMAFLO LTD financials
Armaflo Ltd's latest turnover from December 2023 is estimated at £6.6 million and the company has net assets of £1.3 million. According to their latest financial statements, Armaflo Ltd has 31 employees and maintains cash reserves of £275.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 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 | 31 | 29 | 24 | 23 | 19 | 17 | 15 | 15 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 267,525 | 297,353 | 293,514 | 192,866 | 151,122 | 111,898 | 54,205 | 57,502 |
| Intangible Assets | 28,315 | 44,992 | 47,275 | 52,539 | 58,330 | 71,880 | 73,333 | 82,133 |
| 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 | 295,840 | 342,345 | 340,789 | 245,405 | 209,452 | 183,778 | 127,538 | 139,635 |
| Stock & work in progress | 867,973 | 931,656 | 813,123 | 419,031 | 347,976 | 335,454 | 292,653 | 198,957 |
| Trade Debtors | 1,145,001 | 1,162,712 | 881,090 | 777,002 | 712,196 | 723,031 | 586,810 | 416,960 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 223,709 | 208,660 | 246,156 | 80,216 | 54,550 | 77,151 | 108,946 | 44,826 |
| Cash | 275,483 | 260,546 | 33,250 | 131,435 | 642 | 969 | 1,417 | 1,364 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,512,166 | 2,563,574 | 1,973,619 | 1,407,684 | 1,115,364 | 1,136,605 | 989,826 | 662,107 |
| total assets | 2,808,006 | 2,905,919 | 2,314,408 | 1,653,089 | 1,324,816 | 1,320,383 | 1,117,364 | 801,742 |
| Bank overdraft | 0 | 0 | 69,505 | 4,724 | 228,505 | 182,391 | 163,373 | 133,284 |
| Bank loan | 0 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 666,663 | 813,221 | 677,727 | 397,033 | 297,389 | 406,412 | 300,156 | 165,240 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 202,679 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,031 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,257 |
| other current liabilities | 595,209 | 604,512 | 519,119 | 519,425 | 292,354 | 396,975 | 317,711 | 89,406 |
| total current liabilities | 1,261,872 | 1,427,733 | 1,266,351 | 921,182 | 818,248 | 985,778 | 781,240 | 644,897 |
| loans | 0 | 12,500 | 35,000 | 45,276 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14,510 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 189,728 | 209,128 | 168,414 | 192,319 | 70,651 | 61,437 | 10,364 | 0 |
| provisions | 28,864 | 24,019 | 30,500 | 12,016 | 14,088 | 7,189 | 2,808 | 2,996 |
| total long term liabilities | 218,592 | 245,647 | 233,914 | 249,611 | 84,739 | 68,626 | 13,172 | 17,506 |
| total liabilities | 1,480,464 | 1,673,380 | 1,500,265 | 1,170,793 | 902,987 | 1,054,404 | 794,412 | 662,403 |
| net assets | 1,327,542 | 1,232,539 | 814,143 | 482,296 | 421,829 | 265,979 | 322,952 | 139,339 |
| total shareholders funds | 1,327,542 | 1,232,539 | 814,143 | 482,296 | 421,829 | 265,979 | 322,952 | 139,339 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 99,095 | 106,654 | 95,436 | 58,592 | 39,242 | 29,714 | 11,763 | 8,711 |
| Amortisation | 16,677 | 16,104 | 10,994 | 12,091 | 13,550 | 10,953 | 8,800 | 5,867 |
| Tax | ||||||||
| Stock | -63,683 | 118,533 | 394,092 | 71,055 | 12,522 | 42,801 | 93,696 | 198,957 |
| Debtors | -2,662 | 244,126 | 270,028 | 90,472 | -33,436 | 104,426 | 233,970 | 461,786 |
| Creditors | -146,558 | 135,494 | 280,694 | 99,644 | -109,023 | 106,256 | 134,916 | 165,240 |
| Accruals and Deferred Income | -9,303 | 85,393 | -306 | 227,071 | -104,621 | 79,264 | 228,305 | 89,406 |
| Deferred Taxes & Provisions | 4,845 | -6,481 | 18,484 | -2,072 | 6,899 | 4,381 | -188 | 2,996 |
| 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 | -10,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | -202,679 | 202,679 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -50,031 | 50,031 |
| Long term loans | -12,500 | -22,500 | -10,276 | 45,276 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | -18,767 | 18,767 |
| other long term liabilities | -19,400 | 40,714 | -23,905 | 121,668 | 9,214 | 51,073 | 10,364 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 14,937 | 227,296 | -98,185 | 130,793 | -327 | -448 | 53 | 1,364 |
| overdraft | 0 | -69,505 | 64,781 | -223,781 | 46,114 | 19,018 | 30,089 | 133,284 |
| change in cash | 14,937 | 296,801 | -162,966 | 354,574 | -46,441 | -19,466 | -30,036 | -131,920 |
armaflo ltd Credit Report and Business Information
Armaflo Ltd Competitor Analysis
Perform a competitor analysis for armaflo ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in LS12 area or any other competitors across 12 key performance metrics.
armaflo ltd Ownership
ARMAFLO LTD group structure
Armaflo Ltd has no subsidiary companies.
Ultimate parent company
ARMAFLO LTD
09876231
armaflo ltd directors
Armaflo Ltd currently has 4 directors. The longest serving directors include Mr Richard Harmer (Nov 2015) and Mr Roy Harmer (Nov 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Harmer | United Kingdom | 49 years | Nov 2015 | - | Director |
| Mr Roy Harmer | United Kingdom | 37 years | Nov 2015 | - | Director |
| Mr Robert Harmer | United Kingdom | 72 years | Nov 2015 | - | Director |
| Terry Harmer | United Kingdom | 40 years | Nov 2015 | - | Director |
P&L
December 2023turnover
6.6m
0%
operating profit
113.9k
0%
gross margin
27.8%
+1.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.3m
+0.08%
total assets
2.8m
-0.03%
cash
275.5k
+0.06%
net assets
Total assets minus all liabilities
armaflo ltd company details
company number
09876231
Type
Private limited with Share Capital
industry
46740 - Wholesale of hardware, plumbing and heating equipment and supplies
incorporation date
November 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
armafix ltd (August 2023)
accountant
-
auditor
-
address
unit 3 & 4 benyon park way, leeds, LS12 6DP
Bank
-
Legal Advisor
-
armaflo 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 armaflo ltd.
armaflo ltd Companies House Filings - See Documents
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