octane draincare limited
octane draincare limited Company Information
Company Number
11208657
Website
www.octanedraincare.co.ukRegistered Address
octane house peace street, bradford, BD4 8UF
Industry
Sewerage
Telephone
441132012466
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
jason charles unsworth 50%
richard davison sykes 50%
octane draincare limited Estimated Valuation
Pomanda estimates the enterprise value of OCTANE DRAINCARE LIMITED at £3.1m based on a Turnover of £1.6m and 1.99x industry multiple (adjusted for size and gross margin).
octane draincare limited Estimated Valuation
Pomanda estimates the enterprise value of OCTANE DRAINCARE LIMITED at £464.9k based on an EBITDA of £84.6k and a 5.5x industry multiple (adjusted for size and gross margin).
octane draincare limited Estimated Valuation
Pomanda estimates the enterprise value of OCTANE DRAINCARE LIMITED at £613.5k based on Net Assets of £228.8k and 2.68x industry multiple (adjusted for liquidity).
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Octane Draincare Limited Overview
Octane Draincare Limited is a live company located in bradford, BD4 8UF with a Companies House number of 11208657. It operates in the sewerage sector, SIC Code 37000. Founded in February 2018, it's largest shareholder is jason charles unsworth with a 50% stake. Octane Draincare Limited is a young, small sized company, Pomanda has estimated its turnover at £1.6m with high growth in recent years.
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Octane Draincare Limited Health Check
Pomanda's financial health check has awarded Octane Draincare Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
6 Weak
Size
annual sales of £1.6m, make it smaller than the average company (£9.8m)
- Octane Draincare Limited
£9.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (8.1%)
- Octane Draincare Limited
8.1% - Industry AVG
Production
with a gross margin of 28.4%, this company has a comparable cost of product (28.4%)
- Octane Draincare Limited
28.4% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (7.4%)
- Octane Draincare Limited
7.4% - Industry AVG
Employees
with 15 employees, this is below the industry average (81)
15 - Octane Draincare Limited
81 - Industry AVG
Pay Structure
on an average salary of £45.4k, the company has an equivalent pay structure (£45.4k)
- Octane Draincare Limited
£45.4k - Industry AVG
Efficiency
resulting in sales per employee of £104.6k, this is equally as efficient (£119.4k)
- Octane Draincare Limited
£119.4k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (60 days)
- Octane Draincare Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (31 days)
- Octane Draincare Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Octane Draincare Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (26 weeks)
4 weeks - Octane Draincare Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70%, this is a similar level of debt than the average (64.1%)
70% - Octane Draincare Limited
64.1% - Industry AVG
OCTANE DRAINCARE LIMITED financials
Octane Draincare Limited's latest turnover from July 2023 is estimated at £1.6 million and the company has net assets of £228.8 thousand. According to their latest financial statements, Octane Draincare Limited has 15 employees and maintains cash reserves of £27.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | |||||
| Number Of Employees | 15 | 13 | 9 | 7 | 5 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 392,539 | 397,540 | 311,897 | 208,678 | 90,009 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 392,539 | 397,540 | 311,897 | 208,678 | 90,009 |
| Stock & work in progress | 0 | 0 | 1,020 | 0 | 0 |
| Trade Debtors | 322,040 | 220,420 | 296,672 | 137,804 | 97,607 |
| Group Debtors | 2,490 | 0 | 0 | 6,883 | 0 |
| Misc Debtors | 18,724 | 11,276 | 25,011 | 13,888 | 8,435 |
| Cash | 27,321 | 52,992 | 16,613 | 39,725 | 61,259 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 370,575 | 284,688 | 339,316 | 198,300 | 167,301 |
| total assets | 763,114 | 682,228 | 651,213 | 406,978 | 257,310 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 10,648 | 887 | 0 |
| Trade Creditors | 66,543 | 31,631 | 60,655 | 49,756 | 64,962 |
| Group/Directors Accounts | 56,985 | 39,962 | 66,423 | 19,257 | 111,533 |
| other short term finances | 10,016 | 9,777 | 0 | 0 | 0 |
| hp & lease commitments | 92,558 | 91,719 | 78,001 | 36,706 | 10,709 |
| other current liabilities | 102,233 | 69,585 | 37,606 | 20,798 | 19,285 |
| total current liabilities | 328,335 | 242,674 | 253,333 | 127,404 | 206,489 |
| loans | 19,908 | 29,922 | 38,464 | 49,113 | 0 |
| hp & lease commitments | 106,117 | 150,249 | 139,765 | 109,141 | 18,315 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 80,000 | 51,800 | 46,000 | 24,500 | 0 |
| total long term liabilities | 206,025 | 231,971 | 224,229 | 182,754 | 18,315 |
| total liabilities | 534,360 | 474,645 | 477,562 | 310,158 | 224,804 |
| net assets | 228,754 | 207,583 | 173,651 | 96,820 | 32,506 |
| total shareholders funds | 228,754 | 207,583 | 173,651 | 96,820 | 32,506 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 54,524 | 51,656 | 28,567 | 11,791 | 6,031 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 0 | -1,020 | 1,020 | 0 | 0 |
| Debtors | 111,558 | -89,987 | 163,108 | 52,533 | 106,042 |
| Creditors | 34,912 | -29,024 | 10,899 | -15,206 | 64,962 |
| Accruals and Deferred Income | 32,648 | 31,979 | 16,808 | 1,513 | 19,285 |
| Deferred Taxes & Provisions | 28,200 | 5,800 | 21,500 | 24,500 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | -10,648 | 9,761 | 887 | 0 |
| Group/Directors Accounts | 17,023 | -26,461 | 47,166 | -92,276 | 111,533 |
| Other Short Term Loans | 239 | 9,777 | 0 | 0 | 0 |
| Long term loans | -10,014 | -8,542 | -10,649 | 49,113 | 0 |
| Hire Purchase and Lease Commitments | -43,293 | 24,202 | 71,919 | 116,823 | 29,024 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -25,671 | 36,379 | -23,112 | -21,534 | 61,259 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -25,671 | 36,379 | -23,112 | -21,534 | 61,259 |
octane draincare limited Credit Report and Business Information
Octane Draincare Limited Competitor Analysis
Perform a competitor analysis for octane draincare limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other small companies, companies in BD4 area or any other competitors across 12 key performance metrics.
octane draincare limited Ownership
OCTANE DRAINCARE LIMITED group structure
Octane Draincare Limited has no subsidiary companies.
Ultimate parent company
OCTANE DRAINCARE LIMITED
11208657
octane draincare limited directors
Octane Draincare Limited currently has 3 directors. The longest serving directors include Mr Jason Unsworth (Feb 2018) and Mr Richard Sykes (Jan 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jason Unsworth | United Kingdom | 54 years | Feb 2018 | - | Director |
| Mr Richard Sykes | United Kingdom | 56 years | Jan 2019 | - | Director |
| Mr David Flower | United Kingdom | 52 years | Feb 2024 | - | Director |
P&L
July 2023turnover
1.6m
+34%
operating profit
30k
0%
gross margin
28.5%
-15.69%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
228.8k
+0.1%
total assets
763.1k
+0.12%
cash
27.3k
-0.48%
net assets
Total assets minus all liabilities
octane draincare limited company details
company number
11208657
Type
Private limited with Share Capital
industry
37000 - Sewerage
incorporation date
February 2018
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
July 2023
previous names
octane camera & drainage limited (March 2018)
accountant
-
auditor
-
address
octane house peace street, bradford, BD4 8UF
Bank
-
Legal Advisor
-
octane draincare 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 octane draincare limited.
octane draincare limited Companies House Filings - See Documents
| date | description | view/download |
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