esselco limited
esselco limited Company Information
Company Number
10768835
Next Accounts
Sep 2025
Directors
Shareholders
lloyd marshall dorfman
lloyd dorfman lady dorfman & michael steinfeld
View AllGroup Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
22 manchester square, london, W1U 3PT
Website
esselco.co.ukesselco limited Estimated Valuation
Pomanda estimates the enterprise value of ESSELCO LIMITED at £11.1m based on a Turnover of £14.7m and 0.76x industry multiple (adjusted for size and gross margin).
esselco limited Estimated Valuation
Pomanda estimates the enterprise value of ESSELCO LIMITED at £0 based on an EBITDA of £-6.3m and a 5.43x industry multiple (adjusted for size and gross margin).
esselco limited Estimated Valuation
Pomanda estimates the enterprise value of ESSELCO LIMITED at £66.7m based on Net Assets of £29.1m and 2.3x industry multiple (adjusted for liquidity).
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Esselco Limited Overview
Esselco Limited is a live company located in london, W1U 3PT with a Companies House number of 10768835. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2017, it's largest shareholder is lloyd marshall dorfman with a 39.9% stake. Esselco Limited is a young, mid sized company, Pomanda has estimated its turnover at £14.7m with high growth in recent years.
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Esselco Limited Health Check
Pomanda's financial health check has awarded Esselco Limited a 3 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
1 Regular
6 Weak
Size
annual sales of £14.7m, make it larger than the average company (£4.8m)
£14.7m - Esselco Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (6.7%)
18% - Esselco Limited
6.7% - Industry AVG
Production
with a gross margin of 38.1%, this company has a comparable cost of product (38.1%)
38.1% - Esselco Limited
38.1% - Industry AVG
Profitability
an operating margin of -43.7% make it less profitable than the average company (5.7%)
-43.7% - Esselco Limited
5.7% - Industry AVG
Employees
with 9 employees, this is below the industry average (27)
9 - Esselco Limited
27 - Industry AVG
Pay Structure
on an average salary of £255k, the company has a higher pay structure (£53.9k)
£255k - Esselco Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £1.6m, this is more efficient (£171.5k)
£1.6m - Esselco Limited
£171.5k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (42 days)
5 days - Esselco Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (32 days)
23 days - Esselco Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Esselco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (22 weeks)
0 weeks - Esselco Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.6%, this is a higher level of debt than the average (62.5%)
83.6% - Esselco Limited
62.5% - Industry AVG
ESSELCO LIMITED financials
Esselco Limited's latest turnover from December 2023 is £14.7 million and the company has net assets of £29.1 million. According to their latest financial statements, Esselco Limited has 9 employees and maintains cash reserves of £698 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 | 14,696,000 | 10,996,000 | 6,487,000 | 8,868,000 | 11,520,000 | 11,526,000 | 56,841,000 | 78,545,000 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | -6,426,000 | 13,646,000 | -7,511,000 | -1,472,000 | 4,415,000 | 24,217,000 | 51,725,000 | 21,838,000 |
| Interest Payable | 5,207,000 | 1,779,000 | 3,195,000 | 4,326,000 | 4,252,000 | 4,107,000 | 5,952,000 | 8,880,000 |
| Interest Receivable | 879,000 | 1,078,000 | 1,508,000 | 396,000 | 7,000 | 8,000 | 262,000 | |
| Pre-Tax Profit | -10,754,000 | 12,945,000 | -10,706,000 | -4,290,000 | 559,000 | 20,116,000 | 46,516,000 | 14,209,000 |
| Tax | -217,000 | -3,257,000 | -1,000 | -399,000 | -695,000 | -3,471,000 | -8,034,000 | -1,874,000 |
| Profit After Tax | -10,971,000 | 9,688,000 | -10,707,000 | -4,689,000 | -136,000 | 16,645,000 | 38,482,000 | 12,335,000 |
| Dividends Paid | 2,839,000 | 4,800,000 | 4,040,000 | 12,432,000 | 1,342,000 | |||
| Retained Profit | -10,968,000 | 9,666,000 | -10,722,000 | -7,562,000 | -4,991,000 | 12,545,000 | 13,698,000 | 9,751,000 |
| Employee Costs | 2,295,000 | 1,174,000 | 1,973,000 | 2,055,000 | 2,055,000 | 1,520,000 | 7,071,000 | 10,072,000 |
| Number Of Employees | 9 | 9 | 10 | 11 | 8 | 6 | 126 | 209 |
| EBITDA* | -6,286,000 | 13,802,000 | -7,280,000 | -1,246,000 | 4,624,000 | 24,377,000 | 54,106,000 | 25,403,000 |
* 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 | 172,295,000 | 178,838,000 | 122,959,000 | 119,656,000 | 123,790,000 | 123,529,000 | 105,481,000 | 393,007,000 |
| Intangible Assets | ||||||||
| Investments & Other | 168,890,000 | 166,063,000 | 111,000,000 | 118,890,000 | 122,884,000 | 122,780,000 | 104,723,000 | 349,781,000 |
| Debtors (Due After 1 year) | 3,026,000 | 12,362,000 | 11,294,000 | |||||
| Total Fixed Assets | 172,295,000 | 178,838,000 | 122,959,000 | 119,656,000 | 123,790,000 | 123,529,000 | 105,481,000 | 393,007,000 |
| Stock & work in progress | 15,000 | |||||||
| Trade Debtors | 203,000 | 696,000 | 1,270,000 | 638,000 | 513,000 | 692,000 | 422,000 | 1,731,000 |
| Group Debtors | 1,000 | 11,295,000 | 9,820,000 | 2,966,000 | 2,471,000 | 1,135,000 | ||
| Misc Debtors | 5,442,000 | 6,216,000 | 5,387,000 | 2,814,000 | 1,135,000 | 481,000 | 749,000 | 16,872,000 |
| Cash | 698,000 | 1,132,000 | 2,466,000 | 1,879,000 | 2,756,000 | 2,050,000 | 2,431,000 | 38,608,000 |
| misc current assets | 1,000 | 731,000 | ||||||
| total current assets | 6,343,000 | 8,044,000 | 9,124,000 | 16,626,000 | 14,224,000 | 6,189,000 | 6,074,000 | 59,092,000 |
| total assets | 178,638,000 | 186,882,000 | 132,083,000 | 136,282,000 | 138,014,000 | 129,718,000 | 111,555,000 | 452,099,000 |
| Bank overdraft | 11,000 | 6,475,000 | ||||||
| Bank loan | 52,270,000 | 42,750,000 | 1,773,000 | |||||
| Trade Creditors | 589,000 | 1,169,000 | 1,218,000 | 402,000 | 788,000 | 1,170,000 | 678,000 | 2,500,000 |
| Group/Directors Accounts | ||||||||
| other short term finances | 22,622,000 | 22,622,000 | 22,622,000 | 15,791,000 | ||||
| hp & lease commitments | ||||||||
| other current liabilities | 32,786,000 | 29,609,000 | 19,202,000 | 14,753,000 | 11,395,000 | 10,820,000 | 9,562,000 | 36,191,000 |
| total current liabilities | 55,997,000 | 53,400,000 | 95,312,000 | 30,946,000 | 12,194,000 | 54,740,000 | 12,013,000 | 45,166,000 |
| loans | 169,056,000 | 168,438,000 | 114,343,000 | 127,264,000 | 18,582,000 | 101,577,000 | 483,771,000 | |
| hp & lease commitments | 24,083,000 | |||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 23,372,000 | |||||||
| provisions | 17,572,000 | 17,932,000 | 12,324,000 | 12,280,000 | 12,350,000 | 12,156,000 | 6,006,000 | 31,228,000 |
| total long term liabilities | 93,314,000 | 93,185,000 | 6,162,000 | 67,483,000 | 80,439,000 | 24,660,000 | 61,830,000 | 299,395,000 |
| total liabilities | 149,311,000 | 146,585,000 | 101,474,000 | 98,429,000 | 92,633,000 | 79,400,000 | 73,843,000 | 344,561,000 |
| net assets | 29,073,000 | 40,041,000 | 30,375,000 | 37,634,000 | 45,196,000 | 50,187,000 | 37,642,000 | 86,173,000 |
| total shareholders funds | 29,073,000 | 40,041,000 | 30,375,000 | 37,634,000 | 45,196,000 | 50,187,000 | 37,642,000 | 86,173,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -6,426,000 | 13,646,000 | -7,511,000 | -1,472,000 | 4,415,000 | 24,217,000 | 51,725,000 | 21,838,000 |
| Depreciation | 140,000 | 156,000 | 231,000 | 226,000 | 209,000 | 160,000 | 2,381,000 | 3,565,000 |
| Amortisation | ||||||||
| Tax | -217,000 | -3,257,000 | -1,000 | -399,000 | -695,000 | -3,471,000 | -8,034,000 | -1,874,000 |
| Stock | -15,000 | 15,000 | ||||||
| Debtors | -10,603,000 | 1,322,000 | 3,205,000 | 3,279,000 | 7,329,000 | 497,000 | -16,096,000 | 19,738,000 |
| Creditors | -580,000 | -49,000 | 816,000 | -386,000 | -382,000 | 492,000 | -1,822,000 | 2,500,000 |
| Accruals and Deferred Income | 3,177,000 | 10,407,000 | 4,449,000 | 3,358,000 | 575,000 | 1,258,000 | -26,629,000 | 36,191,000 |
| Deferred Taxes & Provisions | -360,000 | 5,608,000 | 44,000 | -70,000 | 194,000 | 6,150,000 | -25,222,000 | 31,228,000 |
| Cash flow from operations | 6,337,000 | 25,189,000 | -5,177,000 | -2,022,000 | -3,013,000 | 28,309,000 | 8,510,000 | 73,695,000 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 2,827,000 | 55,063,000 | -7,890,000 | -3,994,000 | 104,000 | 18,057,000 | -245,058,000 | 349,781,000 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | -52,270,000 | 52,270,000 | -42,750,000 | 40,977,000 | 1,773,000 | |||
| Group/Directors Accounts | ||||||||
| Other Short Term Loans | 6,831,000 | 15,791,000 | ||||||
| Long term loans | 618,000 | 168,438,000 | -114,343,000 | -12,921,000 | 108,682,000 | -82,995,000 | -382,194,000 | 483,771,000 |
| Hire Purchase and Lease Commitments | -24,083,000 | 24,083,000 | ||||||
| other long term liabilities | -23,372,000 | 23,372,000 | ||||||
| share issue | ||||||||
| interest | -4,328,000 | -701,000 | -3,195,000 | -2,818,000 | -3,856,000 | -4,100,000 | -5,944,000 | -8,618,000 |
| cash flow from financing | -3,710,000 | 115,467,000 | -54,974,000 | 52,000 | 62,076,000 | -46,118,000 | -496,049,000 | 599,030,000 |
| cash and cash equivalents | ||||||||
| cash | -434,000 | -1,334,000 | 587,000 | -877,000 | 706,000 | -381,000 | -36,177,000 | 38,608,000 |
| overdraft | -11,000 | 11,000 | -6,475,000 | 6,475,000 | ||||
| change in cash | -434,000 | -1,334,000 | 587,000 | -866,000 | 695,000 | -381,000 | -29,702,000 | 32,133,000 |
esselco limited Credit Report and Business Information
Esselco Limited Competitor Analysis
Perform a competitor analysis for esselco limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in W1U area or any other competitors across 12 key performance metrics.
esselco limited Ownership
ESSELCO LIMITED group structure
Esselco Limited has 1 subsidiary company.
esselco limited directors
Esselco Limited currently has 1 director, Sir Lloyd Dorfman serving since May 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Sir Lloyd Dorfman | Uk | 72 years | May 2017 | - | Director |
P&L
December 2023turnover
14.7m
+34%
operating profit
-6.4m
-147%
gross margin
38.1%
-0.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
29.1m
-0.27%
total assets
178.6m
-0.04%
cash
698k
-0.38%
net assets
Total assets minus all liabilities
esselco limited company details
company number
10768835
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
HARRIS & TROTTER LLP
address
22 manchester square, london, W1U 3PT
Bank
-
Legal Advisor
-
esselco limited 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 esselco limited.
esselco limited 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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esselco limited Companies House Filings - See Documents
| date | description | view/download |
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