argentar ltd

2.5

argentar ltd Company Information

Share ARGENTAR LTD
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YoungMidRapid

Company Number

10290001

Registered Address

unit 15c blackpole east, blackpole road, worcester, WR3 8YB

Industry

Activities of head offices

 

Activities of production holding companies

 

Telephone

01597811676

Next Accounts Due

December 2024

Group Structure

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Directors

John Harris7 Years

Shareholders

john harris 100%

argentar ltd Estimated Valuation

£46.7m

Pomanda estimates the enterprise value of ARGENTAR LTD at £46.7m based on a Turnover of £15.3m and 3.06x industry multiple (adjusted for size and gross margin).

argentar ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of ARGENTAR LTD at £0 based on an EBITDA of £-1.8m and a 7.35x industry multiple (adjusted for size and gross margin).

argentar ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of ARGENTAR LTD at £0 based on Net Assets of £-12.2m and 3.02x industry multiple (adjusted for liquidity).

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Argentar Ltd Overview

Argentar Ltd is a live company located in worcester, WR3 8YB with a Companies House number of 10290001. It operates in the activities of head offices sector, SIC Code 70100. Founded in July 2016, it's largest shareholder is john harris with a 100% stake. Argentar Ltd is a young, mid sized company, Pomanda has estimated its turnover at £15.3m with rapid growth in recent years.

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Argentar Ltd Health Check

Pomanda's financial health check has awarded Argentar Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £15.3m, make it smaller than the average company (£19.2m)

£15.3m - Argentar Ltd

£19.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (5.5%)

30% - Argentar Ltd

5.5% - Industry AVG

production

Production

with a gross margin of 40%, this company has a lower cost of product (31.8%)

40% - Argentar Ltd

31.8% - Industry AVG

profitability

Profitability

an operating margin of -18.9% make it less profitable than the average company (6.1%)

-18.9% - Argentar Ltd

6.1% - Industry AVG

employees

Employees

with 155 employees, this is above the industry average (112)

155 - Argentar Ltd

112 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.2k, the company has an equivalent pay structure (£42.9k)

£48.2k - Argentar Ltd

£42.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £98.5k, this is less efficient (£180.4k)

£98.5k - Argentar Ltd

£180.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 58 days, this is near the average (51 days)

58 days - Argentar Ltd

51 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 99 days, this is slower than average (48 days)

99 days - Argentar Ltd

48 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 278 days, this is more than average (57 days)

278 days - Argentar Ltd

57 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)

0 weeks - Argentar Ltd

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 161%, this is a higher level of debt than the average (57.3%)

161% - Argentar Ltd

57.3% - Industry AVG

ARGENTAR LTD financials

EXPORTms excel logo

Argentar Ltd's latest turnover from March 2023 is £15.3 million and the company has net assets of -£12.2 million. According to their latest financial statements, Argentar Ltd has 155 employees and maintains cash reserves of £449.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Turnover15,266,99816,466,97410,436,6506,936,22210,487,7229,295,1728,474,759
Other Income Or Grants0000000
Cost Of Sales9,161,39710,002,8266,095,7474,950,9228,232,8496,776,5506,310,980
Gross Profit6,105,6016,464,1484,340,9031,985,3002,254,8732,518,6222,163,779
Admin Expenses8,985,8445,276,0445,485,2484,365,4484,709,8073,804,9172,164,916
Operating Profit-2,880,2431,188,104-1,144,345-2,380,148-2,454,934-1,286,295-1,137
Interest Payable847,070456,385369,467402,389158,450217,87268,930
Interest Receivable252500000
Pre-Tax Profit-3,727,061731,724-1,097,680-4,250,857-2,613,384-1,504,167-70,067
Tax-1,069,006244,100396,41784,920106,464264,60652,062
Profit After Tax-4,796,067975,824-701,263-4,165,937-2,506,920-1,239,561-18,005
Dividends Paid0000000
Retained Profit-4,796,067975,824-701,263-4,165,937-2,506,920-1,239,561-18,005
Employee Costs7,465,9795,730,3715,054,5655,790,2815,391,7535,635,1012,465,013
Number Of Employees155141124111127142136
EBITDA*-1,812,3532,559,994-711,028-1,816,499-1,991,254-690,731364,425

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Tangible Assets899,160799,829818,4521,446,5461,683,2951,786,5322,636,831
Intangible Assets7,026,2043,482,4401,081,1081,291,4191,495,8071,626,7792,153,377
Investments & Other0000000
Debtors (Due After 1 year)0000000
Total Fixed Assets7,925,3644,282,2691,899,5602,737,9653,179,1023,413,3114,790,208
Stock & work in progress7,000,1774,943,6643,120,0273,375,6733,251,2742,905,2561,979,705
Trade Debtors2,427,2622,981,6132,206,3911,551,034735,124916,3491,522,447
Group Debtors881,640145,81464,27135,84344,837100,76477,686
Misc Debtors1,241,2611,970,4591,252,6831,095,4901,135,904991,734893,573
Cash449,718931,5251,409,6681,520,818189,703146,480307,365
misc current assets0000000
total current assets12,000,05810,973,0758,053,0407,578,8585,356,8425,060,5834,780,776
total assets19,925,42215,255,3449,952,60010,316,8238,535,9448,473,8949,570,984
Bank overdraft00130000
Bank loan0000000
Trade Creditors 2,486,9071,870,2301,151,1551,149,1892,252,0791,152,916884,401
Group/Directors Accounts15,876,2509,489,6079,294,9899,024,2233,720,7883,966,8595,357,137
other short term finances214,56000499,999499,99900
hp & lease commitments62,05238,01728,277203,055265,349116,918199,818
other current liabilities12,894,77510,371,7677,274,3787,306,3424,703,9973,732,2562,440,403
total current liabilities31,534,54421,769,62117,748,81218,182,80811,442,2128,968,9498,881,759
loans80,529000000
hp & lease commitments56,41795,845111,8610620,583489,634601,753
Accruals and Deferred Income0000000
other liabilities0000000
provisions407,230524,702415,813256,070210,743208,476122,762
total long term liabilities544,176620,547527,674256,070831,326698,110724,515
total liabilities32,078,72022,390,16818,276,48618,438,87812,273,5389,667,0599,606,274
net assets-12,153,298-7,134,824-8,323,886-8,122,055-3,737,594-1,193,165-35,290
total shareholders funds-12,153,298-7,134,824-8,323,886-8,122,055-3,737,594-1,193,165-35,290
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017
Operating Activities
Operating Profit-2,880,2431,188,104-1,144,345-2,380,148-2,454,934-1,286,295-1,137
Depreciation142,841882,975223,398355,681271,582356,602223,615
Amortisation925,049488,915209,919207,968192,098238,962141,947
Tax-1,069,006244,100396,41784,920106,464264,60652,062
Stock2,056,5131,823,637-255,646124,399346,018925,5511,979,705
Debtors-547,7231,574,541840,978766,502-92,982-484,8592,493,706
Creditors616,677719,0751,966-1,102,8901,099,163268,515884,401
Accruals and Deferred Income2,523,0083,097,389-31,9642,602,345971,7411,291,8532,440,403
Deferred Taxes & Provisions-117,472108,889159,74345,3272,26785,714122,762
Cash flow from operations-1,367,9363,331,269-770,198-1,077,698-64,655779,265-609,358
Investing Activities
capital expenditure0000-743,946-1,131,902-2,788,629
Change in Investments0000000
cash flow from investments0000-743,946-1,131,902-2,788,629
Financing Activities
Bank loans0000000
Group/Directors Accounts6,386,643194,618270,7665,303,435-246,071-1,390,2785,357,137
Other Short Term Loans 214,5600-499,9990499,99900
Long term loans80,529000000
Hire Purchase and Lease Commitments-15,393-6,276-62,917-682,877279,380-195,019801,571
other long term liabilities0000000
share issue-222,407213,238499,432-218,524-37,50981,686-17,285
interest-846,818-456,380-369,467-402,389-158,450-217,872-68,930
cash flow from financing5,597,114-54,800-162,1853,999,645337,349-1,721,4836,072,493
cash and cash equivalents
cash-481,807-478,143-111,1501,331,11543,223-160,885307,365
overdraft0-13130000
change in cash-481,807-478,130-111,1631,331,11543,223-160,885307,365

argentar ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Argentar Ltd Competitor Analysis

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argentar ltd Ownership

ARGENTAR LTD group structure

Argentar Ltd has 2 subsidiary companies.

Ultimate parent company

ARGENTAR LTD

10290001

2 subsidiaries

ARGENTAR LTD Shareholders

john harris 100%

argentar ltd directors

Argentar Ltd currently has 1 director, Mr John Harris serving since Jul 2016.

officercountryagestartendrole
Mr John HarrisEngland77 years Jul 2016- Director

P&L

March 2023

turnover

15.3m

-7%

operating profit

-2.9m

-342%

gross margin

40%

+1.88%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

-12.2m

+0.7%

total assets

19.9m

+0.31%

cash

449.7k

-0.52%

net assets

Total assets minus all liabilities

argentar ltd company details

company number

10290001

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

64202 - Activities of production holding companies

incorporation date

July 2016

age

8

accounts

Group

ultimate parent company

None

previous names

N/A

incorporated

UK

address

unit 15c blackpole east, blackpole road, worcester, WR3 8YB

last accounts submitted

March 2023

argentar 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 found 1 charges/mortgages relating to argentar ltd. Currently there are 1 open charges and 0 have been satisfied in the past.

charges

argentar ltd Companies House Filings - See Documents

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