argentar ltd
argentar ltd Company Information
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
View All
Directors
John Harris7 Years
Shareholders
john harris 100%
argentar ltd Estimated Valuation
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
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
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
4 Strong
2 Regular
6 Weak
Size
annual sales of £15.3m, make it smaller than the average company (£19.2m)
£15.3m - Argentar Ltd
£19.2m - Industry AVG
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
with a gross margin of 40%, this company has a lower cost of product (31.8%)
40% - Argentar Ltd
31.8% - Industry AVG
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
with 155 employees, this is above the industry average (112)
155 - Argentar Ltd
112 - Industry AVG
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
resulting in sales per employee of £98.5k, this is less efficient (£180.4k)
£98.5k - Argentar Ltd
£180.4k - Industry AVG
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
Creditor Days
its suppliers are paid after 99 days, this is slower than average (48 days)
99 days - Argentar Ltd
48 days - Industry AVG
Stock Days
it holds stock equivalent to 278 days, this is more than average (57 days)
278 days - Argentar Ltd
57 days - Industry AVG
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
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
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 House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 15,266,998 | 16,466,974 | 10,436,650 | 6,936,222 | 10,487,722 | 9,295,172 | 8,474,759 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 9,161,397 | 10,002,826 | 6,095,747 | 4,950,922 | 8,232,849 | 6,776,550 | 6,310,980 |
| Gross Profit | 6,105,601 | 6,464,148 | 4,340,903 | 1,985,300 | 2,254,873 | 2,518,622 | 2,163,779 |
| Admin Expenses | 8,985,844 | 5,276,044 | 5,485,248 | 4,365,448 | 4,709,807 | 3,804,917 | 2,164,916 |
| Operating Profit | -2,880,243 | 1,188,104 | -1,144,345 | -2,380,148 | -2,454,934 | -1,286,295 | -1,137 |
| Interest Payable | 847,070 | 456,385 | 369,467 | 402,389 | 158,450 | 217,872 | 68,930 |
| Interest Receivable | 252 | 5 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -3,727,061 | 731,724 | -1,097,680 | -4,250,857 | -2,613,384 | -1,504,167 | -70,067 |
| Tax | -1,069,006 | 244,100 | 396,417 | 84,920 | 106,464 | 264,606 | 52,062 |
| Profit After Tax | -4,796,067 | 975,824 | -701,263 | -4,165,937 | -2,506,920 | -1,239,561 | -18,005 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -4,796,067 | 975,824 | -701,263 | -4,165,937 | -2,506,920 | -1,239,561 | -18,005 |
| Employee Costs | 7,465,979 | 5,730,371 | 5,054,565 | 5,790,281 | 5,391,753 | 5,635,101 | 2,465,013 |
| Number Of Employees | 155 | 141 | 124 | 111 | 127 | 142 | 136 |
| EBITDA* | -1,812,353 | 2,559,994 | -711,028 | -1,816,499 | -1,991,254 | -690,731 | 364,425 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 899,160 | 799,829 | 818,452 | 1,446,546 | 1,683,295 | 1,786,532 | 2,636,831 |
| Intangible Assets | 7,026,204 | 3,482,440 | 1,081,108 | 1,291,419 | 1,495,807 | 1,626,779 | 2,153,377 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,925,364 | 4,282,269 | 1,899,560 | 2,737,965 | 3,179,102 | 3,413,311 | 4,790,208 |
| Stock & work in progress | 7,000,177 | 4,943,664 | 3,120,027 | 3,375,673 | 3,251,274 | 2,905,256 | 1,979,705 |
| Trade Debtors | 2,427,262 | 2,981,613 | 2,206,391 | 1,551,034 | 735,124 | 916,349 | 1,522,447 |
| Group Debtors | 881,640 | 145,814 | 64,271 | 35,843 | 44,837 | 100,764 | 77,686 |
| Misc Debtors | 1,241,261 | 1,970,459 | 1,252,683 | 1,095,490 | 1,135,904 | 991,734 | 893,573 |
| Cash | 449,718 | 931,525 | 1,409,668 | 1,520,818 | 189,703 | 146,480 | 307,365 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,000,058 | 10,973,075 | 8,053,040 | 7,578,858 | 5,356,842 | 5,060,583 | 4,780,776 |
| total assets | 19,925,422 | 15,255,344 | 9,952,600 | 10,316,823 | 8,535,944 | 8,473,894 | 9,570,984 |
| Bank overdraft | 0 | 0 | 13 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,486,907 | 1,870,230 | 1,151,155 | 1,149,189 | 2,252,079 | 1,152,916 | 884,401 |
| Group/Directors Accounts | 15,876,250 | 9,489,607 | 9,294,989 | 9,024,223 | 3,720,788 | 3,966,859 | 5,357,137 |
| other short term finances | 214,560 | 0 | 0 | 499,999 | 499,999 | 0 | 0 |
| hp & lease commitments | 62,052 | 38,017 | 28,277 | 203,055 | 265,349 | 116,918 | 199,818 |
| other current liabilities | 12,894,775 | 10,371,767 | 7,274,378 | 7,306,342 | 4,703,997 | 3,732,256 | 2,440,403 |
| total current liabilities | 31,534,544 | 21,769,621 | 17,748,812 | 18,182,808 | 11,442,212 | 8,968,949 | 8,881,759 |
| loans | 80,529 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 56,417 | 95,845 | 111,861 | 0 | 620,583 | 489,634 | 601,753 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 407,230 | 524,702 | 415,813 | 256,070 | 210,743 | 208,476 | 122,762 |
| total long term liabilities | 544,176 | 620,547 | 527,674 | 256,070 | 831,326 | 698,110 | 724,515 |
| total liabilities | 32,078,720 | 22,390,168 | 18,276,486 | 18,438,878 | 12,273,538 | 9,667,059 | 9,606,274 |
| 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 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -2,880,243 | 1,188,104 | -1,144,345 | -2,380,148 | -2,454,934 | -1,286,295 | -1,137 |
| Depreciation | 142,841 | 882,975 | 223,398 | 355,681 | 271,582 | 356,602 | 223,615 |
| Amortisation | 925,049 | 488,915 | 209,919 | 207,968 | 192,098 | 238,962 | 141,947 |
| Tax | -1,069,006 | 244,100 | 396,417 | 84,920 | 106,464 | 264,606 | 52,062 |
| Stock | 2,056,513 | 1,823,637 | -255,646 | 124,399 | 346,018 | 925,551 | 1,979,705 |
| Debtors | -547,723 | 1,574,541 | 840,978 | 766,502 | -92,982 | -484,859 | 2,493,706 |
| Creditors | 616,677 | 719,075 | 1,966 | -1,102,890 | 1,099,163 | 268,515 | 884,401 |
| Accruals and Deferred Income | 2,523,008 | 3,097,389 | -31,964 | 2,602,345 | 971,741 | 1,291,853 | 2,440,403 |
| Deferred Taxes & Provisions | -117,472 | 108,889 | 159,743 | 45,327 | 2,267 | 85,714 | 122,762 |
| Cash flow from operations | -1,367,936 | 3,331,269 | -770,198 | -1,077,698 | -64,655 | 779,265 | -609,358 |
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | -743,946 | -1,131,902 | -2,788,629 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -743,946 | -1,131,902 | -2,788,629 |
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 6,386,643 | 194,618 | 270,766 | 5,303,435 | -246,071 | -1,390,278 | 5,357,137 |
| Other Short Term Loans | 214,560 | 0 | -499,999 | 0 | 499,999 | 0 | 0 |
| Long term loans | 80,529 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -15,393 | -6,276 | -62,917 | -682,877 | 279,380 | -195,019 | 801,571 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -846,818 | -456,380 | -369,467 | -402,389 | -158,450 | -217,872 | -68,930 |
| cash flow from financing | 5,597,114 | -54,800 | -162,185 | 3,999,645 | 337,349 | -1,721,483 | 6,072,493 |
| cash and cash equivalents | |||||||
| cash | -481,807 | -478,143 | -111,150 | 1,331,115 | 43,223 | -160,885 | 307,365 |
| overdraft | 0 | -13 | 13 | 0 | 0 | 0 | 0 |
| change in cash | -481,807 | -478,130 | -111,163 | 1,331,115 | 43,223 | -160,885 | 307,365 |
argentar ltd Credit Report and Business Information
Argentar Ltd Competitor Analysis
Perform a competitor analysis for argentar ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
argentar ltd Ownership
ARGENTAR LTD group structure
Argentar Ltd has 2 subsidiary companies.
Ultimate parent company
ARGENTAR LTD
10290001
2 subsidiaries
argentar ltd directors
Argentar Ltd currently has 1 director, Mr John Harris serving since Jul 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Harris | England | 77 years | Jul 2016 | - | Director |
P&L
March 2023turnover
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 2023net assets
-12.2m
+0.7%
total assets
19.9m
+0.31%
cash
449.7k
-0.52%
net assets
Total assets minus all liabilities
Similar Companies
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
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.
argentar ltd Companies House Filings - See Documents
| date | description | view/download |
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