colchester commercial (holdings) limited
colchester commercial (holdings) limited Company Information
Company Number
10798878
Website
-Registered Address
rowan house 33 sheepen road, colchester, CO3 3WG
Industry
Activities of head offices
Telephone
01206282700
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
colchester borough council 100%
colchester commercial (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of COLCHESTER COMMERCIAL (HOLDINGS) LIMITED at £3.8m based on a Turnover of £5.2m and 0.74x industry multiple (adjusted for size and gross margin).
colchester commercial (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of COLCHESTER COMMERCIAL (HOLDINGS) LIMITED at £0 based on an EBITDA of £-162.7k and a 4.96x industry multiple (adjusted for size and gross margin).
colchester commercial (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of COLCHESTER COMMERCIAL (HOLDINGS) LIMITED at £4.3m based on Net Assets of £1.7m and 2.58x industry multiple (adjusted for liquidity).
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Colchester Commercial (holdings) Limited Overview
Colchester Commercial (holdings) Limited is a live company located in colchester, CO3 3WG with a Companies House number of 10798878. It operates in the activities of head offices sector, SIC Code 70100. Founded in June 2017, it's largest shareholder is colchester borough council with a 100% stake. Colchester Commercial (holdings) Limited is a young, mid sized company, Pomanda has estimated its turnover at £5.2m with healthy growth in recent years.
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Colchester Commercial (holdings) Limited Health Check
Pomanda's financial health check has awarded Colchester Commercial (Holdings) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £5.2m, make it smaller than the average company (£19.8m)
£5.2m - Colchester Commercial (holdings) Limited
£19.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4.4%)
6% - Colchester Commercial (holdings) Limited
4.4% - Industry AVG
Production
with a gross margin of 32.7%, this company has a comparable cost of product (32.7%)
32.7% - Colchester Commercial (holdings) Limited
32.7% - Industry AVG
Profitability
an operating margin of -3.2% make it less profitable than the average company (5.9%)
-3.2% - Colchester Commercial (holdings) Limited
5.9% - Industry AVG
Employees
with 129 employees, this is similar to the industry average (117)
129 - Colchester Commercial (holdings) Limited
117 - Industry AVG
Pay Structure
on an average salary of £20k, the company has a lower pay structure (£45.4k)
£20k - Colchester Commercial (holdings) Limited
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £40k, this is less efficient (£187.7k)
£40k - Colchester Commercial (holdings) Limited
£187.7k - Industry AVG
Debtor Days
it gets paid by customers after 38 days, this is near the average (46 days)
38 days - Colchester Commercial (holdings) Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (45 days)
1 days - Colchester Commercial (holdings) Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 34 days, this is less than average (48 days)
34 days - Colchester Commercial (holdings) Limited
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 42 weeks, this is more cash available to meet short term requirements (16 weeks)
42 weeks - Colchester Commercial (holdings) Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.2%, this is a higher level of debt than the average (57%)
64.2% - Colchester Commercial (holdings) Limited
57% - Industry AVG
COLCHESTER COMMERCIAL (HOLDINGS) LIMITED financials
Colchester Commercial (Holdings) Limited's latest turnover from March 2023 is £5.2 million and the company has net assets of £1.7 million. According to their latest financial statements, Colchester Commercial (Holdings) Limited has 129 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 5,161,194 | 6,350,052 | 3,560,272 | 4,375,104 | 4,237,927 | 237,161 |
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | -165,582 | 310,473 | 319,360 | 463,535 | 279,782 | -14,999 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 48,634 | 604 | 196 | 15,798 | 3,498 | 0 |
| Pre-Tax Profit | -116,948 | 311,077 | 319,556 | 479,333 | 247,280 | -18,999 |
| Tax | -21,784 | -43,230 | -93,068 | -64,877 | -96,383 | 0 |
| Profit After Tax | -138,732 | 267,847 | 226,488 | 414,456 | 150,897 | -18,999 |
| Dividends Paid | 0 | 172,000 | 226,000 | 394,000 | 286,000 | 0 |
| Retained Profit | -138,732 | 95,847 | 488 | 20,456 | -135,103 | -18,999 |
| Employee Costs | 2,586,189 | 2,399,732 | 2,326,207 | 2,494,731 | 2,313,813 | 215,196 |
| Number Of Employees | 129 | 133 | 131 | 135 | 124 | 7 |
| EBITDA* | -162,676 | 310,473 | 319,360 | 463,535 | 279,782 | -14,999 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,254,124 | 1,165,315 | 1,074,219 | 1,042,698 | 222,944 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,254,124 | 1,165,315 | 1,074,219 | 1,042,698 | 222,944 | 0 |
| Stock & work in progress | 329,964 | 633,910 | 2,070,012 | 969,182 | 231,973 | 0 |
| Trade Debtors | 542,955 | 458,903 | 60,535 | 123,888 | 141,531 | 0 |
| Group Debtors | 41,254 | 27,687 | 100,353 | 23,863 | 338,262 | 0 |
| Misc Debtors | 61,170 | 223,710 | 64,318 | 126,596 | 112,263 | 937 |
| Cash | 2,476,489 | 2,021,012 | 2,135,251 | 2,008,617 | 608,670 | 212,347 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,451,832 | 3,365,222 | 4,430,469 | 3,252,146 | 1,432,699 | 213,284 |
| total assets | 4,705,956 | 4,530,537 | 5,504,688 | 4,294,844 | 1,655,643 | 213,284 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 18,240 | 1,545 | 7,472 | 63,306 | 26,541 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,984,694 | 1,407,302 | 2,771,373 | 2,106,183 | 1,504,203 | 213,282 |
| total current liabilities | 3,002,934 | 1,408,847 | 2,778,845 | 2,169,489 | 1,530,744 | 213,282 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 1,300,000 | 1,000,000 | 400,000 | 0 | 0 |
| provisions | 40,128 | 0 | 0 | 0 | 264,000 | 450,000 |
| total long term liabilities | 20,064 | 1,300,000 | 1,000,000 | 400,000 | 132,000 | 225,000 |
| total liabilities | 3,022,998 | 2,708,847 | 3,778,845 | 2,569,489 | 1,662,744 | 438,282 |
| net assets | 1,682,958 | 1,821,690 | 1,725,843 | 1,725,355 | -7,101 | -224,998 |
| total shareholders funds | 1,682,958 | 1,821,690 | 1,725,843 | 1,725,355 | -7,101 | -224,998 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -165,582 | 310,473 | 319,360 | 463,535 | 279,782 | -14,999 |
| Depreciation | 2,906 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -21,784 | -43,230 | -93,068 | -64,877 | -96,383 | 0 |
| Stock | -303,946 | -1,436,102 | 1,100,830 | 737,209 | 231,973 | 0 |
| Debtors | -64,921 | 485,094 | -49,141 | -317,709 | 591,119 | 937 |
| Creditors | 16,695 | -5,927 | -55,834 | 36,765 | 26,541 | 0 |
| Accruals and Deferred Income | 1,577,392 | -1,364,071 | 665,190 | 601,980 | 1,290,921 | 213,282 |
| Deferred Taxes & Provisions | 40,128 | 0 | 0 | -264,000 | -186,000 | 450,000 |
| Cash flow from operations | 1,818,622 | -151,747 | -216,041 | 353,903 | 491,769 | 647,346 |
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -1,300,000 | 300,000 | 600,000 | 400,000 | 0 | 0 |
| share issue | ||||||
| interest | 48,634 | 604 | 196 | 15,798 | 3,498 | 0 |
| cash flow from financing | -1,251,366 | 300,604 | 600,196 | 2,127,798 | 356,498 | -205,999 |
| cash and cash equivalents | ||||||
| cash | 455,477 | -114,239 | 126,634 | 1,399,947 | 396,323 | 212,347 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 455,477 | -114,239 | 126,634 | 1,399,947 | 396,323 | 212,347 |
colchester commercial (holdings) limited Credit Report and Business Information
Colchester Commercial (holdings) Limited Competitor Analysis
Perform a competitor analysis for colchester commercial (holdings) limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in CO3 area or any other competitors across 12 key performance metrics.
colchester commercial (holdings) limited Ownership
COLCHESTER COMMERCIAL (HOLDINGS) LIMITED group structure
Colchester Commercial (Holdings) Limited has 3 subsidiary companies.
Ultimate parent company
COLCHESTER BOROUGH COUNCIL
#0092716
1 parent
COLCHESTER COMMERCIAL (HOLDINGS) LIMITED
10798878
3 subsidiaries
colchester commercial (holdings) limited directors
Colchester Commercial (Holdings) Limited currently has 5 directors. The longest serving directors include Mr Martyn Warnes (Jun 2020) and Ms Venessa Moffat (Jun 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martyn Warnes | United Kingdom | 64 years | Jun 2020 | - | Director |
| Ms Venessa Moffat | United Kingdom | 50 years | Jun 2023 | - | Director |
| Mr Roger Mannion | United Kingdom | 80 years | Jul 2023 | - | Director |
| Mr Simon Appleton | United Kingdom | 57 years | Jun 2024 | - | Director |
| Mr Simon Coward | United Kingdom | 55 years | Jun 2024 | - | Director |
P&L
March 2023turnover
5.2m
-19%
operating profit
-165.6k
-153%
gross margin
32.8%
+0.98%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.7m
-0.08%
total assets
4.7m
+0.04%
cash
2.5m
+0.23%
net assets
Total assets minus all liabilities
colchester commercial (holdings) limited company details
company number
10798878
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
June 2017
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
SB AUDIT LLP
address
rowan house 33 sheepen road, colchester, CO3 3WG
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
colchester commercial (holdings) 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 colchester commercial (holdings) limited.
colchester commercial (holdings) limited Companies House Filings - See Documents
| date | description | view/download |
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