cinca ltd
cinca ltd Company Information
Group Structure
View All
Industry
Non-specialised wholesale trade
Registered Address
3 college place, southampton, SO15 2FB
Website
-cinca ltd Estimated Valuation
Pomanda estimates the enterprise value of CINCA LTD at £2.2m based on a Turnover of £7.5m and 0.29x industry multiple (adjusted for size and gross margin).
cinca ltd Estimated Valuation
Pomanda estimates the enterprise value of CINCA LTD at £1.8m based on an EBITDA of £552k and a 3.33x industry multiple (adjusted for size and gross margin).
cinca ltd Estimated Valuation
Pomanda estimates the enterprise value of CINCA LTD at £10.5m based on Net Assets of £3.8m and 2.75x industry multiple (adjusted for liquidity).
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Cinca Ltd Overview
Cinca Ltd is a live company located in southampton, SO15 2FB with a Companies House number of 10106680. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in April 2016, it's largest shareholder is keith francis with a 100% stake. Cinca Ltd is a young, mid sized company, Pomanda has estimated its turnover at £7.5m with rapid growth in recent years.
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Cinca Ltd Health Check
Pomanda's financial health check has awarded Cinca Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £7.5m, make it smaller than the average company (£11.5m)
£7.5m - Cinca Ltd
£11.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (0.1%)
- Cinca Ltd
0.1% - Industry AVG
Production
with a gross margin of 13.1%, this company has a higher cost of product (27.1%)
13.1% - Cinca Ltd
27.1% - Industry AVG
Profitability
an operating margin of 7.3% make it more profitable than the average company (5.6%)
7.3% - Cinca Ltd
5.6% - Industry AVG
Employees
with 38 employees, this is similar to the industry average (33)
38 - Cinca Ltd
33 - Industry AVG
Pay Structure
on an average salary of £7.6k, the company has a lower pay structure (£37.3k)
£7.6k - Cinca Ltd
£37.3k - Industry AVG
Efficiency
resulting in sales per employee of £198k, this is less efficient (£309.1k)
£198k - Cinca Ltd
£309.1k - Industry AVG
Debtor Days
it gets paid by customers after 35 days, this is earlier than average (53 days)
35 days - Cinca Ltd
53 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (35 days)
18 days - Cinca Ltd
35 days - Industry AVG
Stock Days
it holds stock equivalent to 50 days, this is less than average (65 days)
50 days - Cinca Ltd
65 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 82 weeks, this is more cash available to meet short term requirements (21 weeks)
82 weeks - Cinca Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.4%, this is a lower level of debt than the average (48.3%)
10.4% - Cinca Ltd
48.3% - Industry AVG
CINCA LTD financials
Cinca Ltd's latest turnover from April 2021 is £7.5 million and the company has net assets of £3.8 million. According to their latest financial statements, Cinca Ltd has 38 employees and maintains cash reserves of £702.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|
| Turnover | 7,525,502 | 6,560,079 | |||
| Other Income Or Grants | 0 | 0 | |||
| Cost Of Sales | 6,540,379 | 5,643,739 | |||
| Gross Profit | 985,123 | 916,340 | |||
| Admin Expenses | 433,121 | 385,730 | |||
| Operating Profit | 552,002 | 530,610 | |||
| Interest Payable | 6,307 | 5,607 | |||
| Interest Receivable | 3,648 | 3,648 | |||
| Pre-Tax Profit | 549,343 | 528,651 | |||
| Tax | 0 | 0 | |||
| Profit After Tax | 549,343 | 528,651 | |||
| Dividends Paid | 0 | 0 | |||
| Retained Profit | 549,343 | 528,651 | |||
| Employee Costs | 289,971 | 258,383 | |||
| Number Of Employees | 38 | 35 | |||
| EBITDA* | 552,002 | 530,610 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|
| Tangible Assets | 1,804,312 | 1,647,982 | 1,297,710 | 938,401 | 580,125 |
| Intangible Assets | 89,784 | 89,784 | 81,687 | 75,882 | 59,815 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,894,096 | 1,737,766 | 1,379,397 | 1,014,283 | 639,940 |
| Stock & work in progress | 899,156 | 864,754 | 706,871 | 665,003 | 577,415 |
| Trade Debtors | 725,404 | 681,245 | 651,550 | 601,692 | 587,141 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 34,255 | 18,895 | 0 | 0 | 0 |
| Cash | 702,150 | 326,447 | 298,787 | 221,600 | 197,899 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,360,965 | 1,891,341 | 1,657,208 | 1,488,295 | 1,362,455 |
| total assets | 4,255,061 | 3,629,107 | 3,036,605 | 2,502,578 | 2,002,395 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 338,597 | 282,373 | 301,805 | 276,607 | 250,784 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 103,669 | 83,283 | 0 | 0 | 0 |
| total current liabilities | 442,266 | 365,656 | 301,805 | 276,607 | 250,784 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 442,266 | 365,656 | 301,805 | 276,607 | 250,784 |
| net assets | 3,812,795 | 3,263,451 | 2,734,800 | 2,225,971 | 1,751,611 |
| total shareholders funds | 3,812,795 | 3,263,451 | 2,734,800 | 2,225,971 | 1,751,611 |
| Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 552,002 | 530,610 | |||
| Depreciation | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | |||
| Stock | 34,402 | 157,883 | 41,868 | 87,588 | 577,415 |
| Debtors | 59,519 | 48,590 | 49,858 | 14,551 | 587,141 |
| Creditors | 56,224 | -19,432 | 25,198 | 25,823 | 250,784 |
| Accruals and Deferred Income | 20,386 | 83,283 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 387,988 | ||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -2,659 | -1,959 | |||
| cash flow from financing | -2,658 | -1,959 | |||
| cash and cash equivalents | |||||
| cash | 375,703 | 27,660 | 77,187 | 23,701 | 197,899 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 375,703 | 27,660 | 77,187 | 23,701 | 197,899 |
cinca ltd Credit Report and Business Information
Cinca Ltd Competitor Analysis
Perform a competitor analysis for cinca 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 SO15 area or any other competitors across 12 key performance metrics.
cinca ltd Ownership
CINCA LTD group structure
Cinca Ltd has no subsidiary companies.
Ultimate parent company
CINCA LTD
10106680
cinca ltd directors
Cinca Ltd currently has 1 director, Mr Keith Francis serving since Apr 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Keith Francis | United Kingdom | 63 years | Apr 2016 | - | Director |
P&L
April 2021turnover
7.5m
+15%
operating profit
552k
+4%
gross margin
13.1%
-6.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2021net assets
3.8m
+0.17%
total assets
4.3m
+0.17%
cash
702.2k
+1.15%
net assets
Total assets minus all liabilities
cinca ltd company details
company number
10106680
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
incorporation date
April 2016
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2021
previous names
N/A
accountant
-
auditor
-
address
3 college place, southampton, SO15 2FB
Bank
-
Legal Advisor
-
cinca 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 cinca ltd.
cinca ltd 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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cinca ltd Companies House Filings - See Documents
| date | description | view/download |
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