ultimore uk ltd

ultimore uk ltd Company Information

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Company Number

10535268

Industry

Wholesale of metals and metal ores

 

Shareholders

mark tonks

Group Structure

View All

Contact

Registered Address

1 st. margarets road, cheltenham, GL50 4DT

Website

-

ultimore uk ltd Estimated Valuation

£770.2k

Pomanda estimates the enterprise value of ULTIMORE UK LTD at £770.2k based on a Turnover of £4m and 0.19x industry multiple (adjusted for size and gross margin).

ultimore uk ltd Estimated Valuation

£1m

Pomanda estimates the enterprise value of ULTIMORE UK LTD at £1m based on an EBITDA of £408.9k and a 2.48x industry multiple (adjusted for size and gross margin).

ultimore uk ltd Estimated Valuation

£7.3m

Pomanda estimates the enterprise value of ULTIMORE UK LTD at £7.3m based on Net Assets of £4.3m and 1.69x industry multiple (adjusted for liquidity).

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Ultimore Uk Ltd Overview

Ultimore Uk Ltd is a live company located in cheltenham, GL50 4DT with a Companies House number of 10535268. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in December 2016, it's largest shareholder is mark tonks with a 100% stake. Ultimore Uk Ltd is a young, small sized company, Pomanda has estimated its turnover at £4m with high growth in recent years.

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Ultimore Uk Ltd Health Check

Pomanda's financial health check has awarded Ultimore Uk 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

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £4m, make it smaller than the average company (£28.4m)

£4m - Ultimore Uk Ltd

£28.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (10.8%)

25% - Ultimore Uk Ltd

10.8% - Industry AVG

production

Production

with a gross margin of 6.8%, this company has a higher cost of product (19.5%)

6.8% - Ultimore Uk Ltd

19.5% - Industry AVG

profitability

Profitability

an operating margin of 10.3% make it more profitable than the average company (7.8%)

10.3% - Ultimore Uk Ltd

7.8% - Industry AVG

employees

Employees

with 45 employees, this is above the industry average (29)

45 - Ultimore Uk Ltd

29 - Industry AVG

paystructure

Pay Structure

on an average salary of £49.6k, the company has an equivalent pay structure (£49.6k)

£49.6k - Ultimore Uk Ltd

£49.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £88.4k, this is less efficient (£878.4k)

£88.4k - Ultimore Uk Ltd

£878.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 36 days, this is earlier than average (69 days)

36 days - Ultimore Uk Ltd

69 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 35 days, this is quicker than average (50 days)

35 days - Ultimore Uk Ltd

50 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 41 days, this is less than average (90 days)

41 days - Ultimore Uk Ltd

90 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 144 weeks, this is more cash available to meet short term requirements (5 weeks)

144 weeks - Ultimore Uk Ltd

5 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 7.6%, this is a lower level of debt than the average (61.1%)

7.6% - Ultimore Uk Ltd

61.1% - Industry AVG

ULTIMORE UK LTD financials

EXPORTms excel logo

Ultimore Uk Ltd's latest turnover from December 2022 is estimated at £4 million and the company has net assets of £4.3 million. According to their latest financial statements, Ultimore Uk Ltd has 45 employees and maintains cash reserves of £999.8 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Turnover3,976,3677,346,8196,859,7442,039,2001,110,612268,265
Other Income Or Grants000000
Cost Of Sales3,705,5495,968,5015,494,4231,933,5871,039,125248,077
Gross Profit270,8181,378,3181,365,321105,61371,48820,188
Admin Expenses-138,091455,662443,512-496,263-272,991-1,683,666
Operating Profit408,909922,656921,809601,876344,4791,703,854
Interest Payable07,8637,746000
Interest Receivable33,8871831223,1001,4630
Pre-Tax Profit442,796914,976914,185604,977345,9421,703,854
Tax-84,13100-114,946-65,729-323,732
Profit After Tax358,665914,976914,185490,031280,2131,380,122
Dividends Paid000000
Retained Profit358,665914,976914,185490,031280,2131,380,122
Employee Costs2,232,159255,477247,2471,416,767792,63639,252
Number Of Employees45484535201
EBITDA*408,909922,656921,809601,876344,4791,703,854

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Tangible Assets2,874,5892,591,3712,274,5871,476,8011,099,800954,112
Intangible Assets000000
Investments & Other000000
Debtors (Due After 1 year)000000
Total Fixed Assets2,874,5892,591,3712,274,5871,476,8011,099,800954,112
Stock & work in progress425,781407,899298,454221,746179,850161,431
Trade Debtors396,981267,613189,476154,12385,98751,011
Group Debtors000000
Misc Debtors043,66624,635000
Cash999,802936,587524,878436,585390,1880
misc current assets00000285,444
total current assets1,822,5641,655,7651,037,443812,454656,025497,886
total assets4,697,1534,247,1363,312,0302,289,2551,755,8251,451,998
Bank overdraft000000
Bank loan000000
Trade Creditors 358,960212,806181,787138,88895,48971,875
Group/Directors Accounts000000
other short term finances000000
hp & lease commitments000000
other current liabilities054,80265,691000
total current liabilities358,960267,608247,478138,88895,48971,875
loans000000
hp & lease commitments000000
Accruals and Deferred Income000000
other liabilities000000
provisions000000
total long term liabilities000000
total liabilities358,960267,608247,478138,88895,48971,875
net assets4,338,1933,979,5283,064,5522,150,3671,660,3361,380,123
total shareholders funds4,338,1933,979,5283,064,5522,150,3671,660,3361,380,123
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Operating Activities
Operating Profit408,909922,656921,809601,876344,4791,703,854
Depreciation000000
Amortisation000000
Tax-84,13100-114,946-65,729-323,732
Stock17,882109,44576,70841,89618,419161,431
Debtors85,70297,16859,98868,13634,97651,011
Creditors146,15431,01942,89943,39923,61471,875
Accruals and Deferred Income-54,802-10,88965,691000
Deferred Taxes & Provisions000000
Cash flow from operations312,546736,173893,703420,297248,9691,239,555
Investing Activities
capital expenditure-283,218-316,784-797,786-377,001-145,688-954,112
Change in Investments000000
cash flow from investments-283,218-316,784-797,786-377,001-145,688-954,112
Financing Activities
Bank loans000000
Group/Directors Accounts000000
Other Short Term Loans 000000
Long term loans000000
Hire Purchase and Lease Commitments000000
other long term liabilities000000
share issue000001
interest33,887-7,680-7,6243,1001,4630
cash flow from financing33,887-7,680-7,6243,1001,4631
cash and cash equivalents
cash63,215411,70988,29346,397390,1880
overdraft000000
change in cash63,215411,70988,29346,397390,1880

ultimore uk 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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Ultimore Uk Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for ultimore uk ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in GL50 area or any other competitors across 12 key performance metrics.

ultimore uk ltd Ownership

ULTIMORE UK LTD group structure

Ultimore Uk Ltd has no subsidiary companies.

Ultimate parent company

ULTIMORE UK LTD

10535268

ULTIMORE UK LTD Shareholders

mark tonks 100%

ultimore uk ltd directors

Ultimore Uk Ltd currently has 2 directors. The longest serving directors include Mr Mark Tonks (Dec 2016) and Mr Sony Douer (Jul 2022).

officercountryagestartendrole
Mr Mark TonksEngland53 years Dec 2016- Director
Mr Sony DouerEngland61 years Jul 2022- Director

P&L

December 2022

turnover

4m

-46%

operating profit

408.9k

0%

gross margin

6.9%

-63.7%

turnover

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

Balance Sheet

December 2022

net assets

4.3m

+0.09%

total assets

4.7m

+0.11%

cash

999.8k

+0.07%

net assets

Total assets minus all liabilities

ultimore uk ltd company details

company number

10535268

Type

Private limited with Share Capital

industry

46720 - Wholesale of metals and metal ores

incorporation date

December 2016

age

8

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

December 2022

previous names

N/A

accountant

-

auditor

-

address

1 st. margarets road, cheltenham, GL50 4DT

Bank

-

Legal Advisor

-

ultimore uk 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 ultimore uk ltd.

ultimore uk 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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ultimore uk ltd Companies House Filings - See Documents

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