on level ltd
on level ltd Company Information
Company Number
10021775
Website
www.onlevel.comRegistered Address
unit 7 alexandria drive, ashton-under-lyne, lancashire, OL7 0QN
Industry
Shaping and processing of flat glass
Telephone
01618049500
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
mevi holding bv 100%
on level ltd Estimated Valuation
Pomanda estimates the enterprise value of ON LEVEL LTD at £343.1k based on a Turnover of £885.3k and 0.39x industry multiple (adjusted for size and gross margin).
on level ltd Estimated Valuation
Pomanda estimates the enterprise value of ON LEVEL LTD at £0 based on an EBITDA of £-134.2k and a 2.94x industry multiple (adjusted for size and gross margin).
on level ltd Estimated Valuation
Pomanda estimates the enterprise value of ON LEVEL LTD at £1.2m based on Net Assets of £475.1k and 2.44x industry multiple (adjusted for liquidity).
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On Level Ltd Overview
On Level Ltd is a live company located in lancashire, OL7 0QN with a Companies House number of 10021775. It operates in the shaping and processing of flat glass sector, SIC Code 23120. Founded in February 2016, it's largest shareholder is mevi holding bv with a 100% stake. On Level Ltd is a young, small sized company, Pomanda has estimated its turnover at £885.3k with declining growth in recent years.
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On Level Ltd Health Check
Pomanda's financial health check has awarded On Level Ltd a 4.5 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 £885.3k, make it smaller than the average company (£17.2m)
- On Level Ltd
£17.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (10.4%)
- On Level Ltd
10.4% - Industry AVG
Production
with a gross margin of 28.2%, this company has a comparable cost of product (34.4%)
- On Level Ltd
34.4% - Industry AVG
Profitability
an operating margin of -17.3% make it less profitable than the average company (5.4%)
- On Level Ltd
5.4% - Industry AVG
Employees
with 5 employees, this is below the industry average (122)
5 - On Level Ltd
122 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has an equivalent pay structure (£33.1k)
- On Level Ltd
£33.1k - Industry AVG
Efficiency
resulting in sales per employee of £177.1k, this is more efficient (£141.4k)
- On Level Ltd
£141.4k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is near the average (48 days)
- On Level Ltd
48 days - Industry AVG
Creditor Days
its suppliers are paid after 139 days, this is slower than average (30 days)
- On Level Ltd
30 days - Industry AVG
Stock Days
it holds stock equivalent to 144 days, this is more than average (39 days)
- On Level Ltd
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 58 weeks, this is more cash available to meet short term requirements (12 weeks)
58 weeks - On Level Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.9%, this is a lower level of debt than the average (47.6%)
34.9% - On Level Ltd
47.6% - Industry AVG
on level ltd Credit Report and Business Information
On Level Ltd Competitor Analysis
Perform a competitor analysis for on level ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
on level ltd Ownership
ON LEVEL LTD group structure
On Level Ltd has no subsidiary companies.
Ultimate parent company
MEVI HOLDING BV
#0126054
1 parent
ON LEVEL LTD
10021775
on level ltd directors
On Level Ltd currently has 2 directors. The longest serving directors include Mr Iwan Oude Luttikhuis (Jan 2017) and Mr Martyn Eveleigh (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Iwan Oude Luttikhuis | England | 54 years | Jan 2017 | - | Director |
| Mr Martyn Eveleigh | United Kingdom | 43 years | May 2022 | - | Director |
ON LEVEL LTD financials
On Level Ltd's latest turnover from December 2023 is estimated at £885.3 thousand and the company has net assets of £475.1 thousand. According to their latest financial statements, On Level Ltd has 5 employees and maintains cash reserves of £274 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 | 5 | 11 | 10 | 10 | 10 | 7 | 4 | |
| 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 | 65,906 | 84,326 | 76,943 | 44,497 | 58,429 | 56,010 | 82,767 | 0 |
| 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 | 65,906 | 84,326 | 76,943 | 44,497 | 58,429 | 56,010 | 82,767 | 0 |
| Stock & work in progress | 252,015 | 481,590 | 637,527 | 508,031 | 657,059 | 448,282 | 386,542 | 0 |
| Trade Debtors | 138,226 | 238,652 | 406,534 | 319,572 | 386,778 | 236,536 | 306,266 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 62,933 | 39,563 | 100 |
| Cash | 273,979 | 101,150 | 81,686 | 252,692 | 101,520 | 99,207 | 85,773 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 664,220 | 821,392 | 1,125,747 | 1,080,295 | 1,145,357 | 846,958 | 818,144 | 100 |
| total assets | 730,126 | 905,718 | 1,202,690 | 1,124,792 | 1,203,786 | 902,968 | 900,911 | 100 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 162 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 242,487 | 270,626 | 376,818 | 232,177 | 367,689 | 390,563 | 372,349 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 243,346 | 213,168 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 130,279 | 204,831 | 0 |
| total current liabilities | 242,487 | 270,626 | 376,818 | 232,177 | 367,689 | 764,350 | 790,348 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 12,522 | 16,022 | 14,619 | 8,454 | 11,101 | 10,408 | 8,094 | 0 |
| total long term liabilities | 12,522 | 16,022 | 14,619 | 8,454 | 11,101 | 10,408 | 8,094 | 0 |
| total liabilities | 255,009 | 286,648 | 391,437 | 240,631 | 378,790 | 774,758 | 798,442 | 0 |
| net assets | 475,117 | 619,070 | 811,253 | 884,161 | 824,996 | 128,210 | 102,469 | 100 |
| total shareholders funds | 475,117 | 619,070 | 811,253 | 884,161 | 824,996 | 128,210 | 102,469 | 100 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 19,085 | 18,877 | 30,819 | 20,893 | 13,259 | 5,876 | 17,866 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | -229,575 | -155,937 | 129,496 | -149,028 | 208,777 | 61,740 | 386,542 | 0 |
| Debtors | -100,426 | -167,882 | 86,962 | -67,206 | 87,309 | -46,360 | 345,729 | 100 |
| Creditors | -28,139 | -106,192 | 144,641 | -135,512 | -22,874 | 18,214 | 372,349 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | -130,279 | -74,552 | 204,831 | 0 |
| Deferred Taxes & Provisions | -3,500 | 1,403 | 6,165 | -2,647 | 693 | 2,314 | 8,094 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -243,346 | 30,178 | 213,168 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 172,829 | 19,464 | -171,006 | 151,172 | 2,313 | 13,434 | 85,773 | 0 |
| overdraft | 0 | 0 | 0 | 0 | -162 | 162 | 0 | 0 |
| change in cash | 172,829 | 19,464 | -171,006 | 151,172 | 2,475 | 13,272 | 85,773 | 0 |
P&L
December 2023turnover
885.3k
-39%
operating profit
-153.3k
0%
gross margin
28.3%
-0.55%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
475.1k
-0.23%
total assets
730.1k
-0.19%
cash
274k
+1.71%
net assets
Total assets minus all liabilities
Similar Companies
on level ltd company details
company number
10021775
Type
Private limited with Share Capital
industry
23120 - Shaping and processing of flat glass
incorporation date
February 2016
age
8
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 7 alexandria drive, ashton-under-lyne, lancashire, OL7 0QN
last accounts submitted
December 2023
on level 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 on level ltd.
on level ltd Companies House Filings - See Documents
| date | description | view/download |
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