Pomanda estimates the enterprise value of BINNACLE LTD at £42.6k based on a Turnover of £72.7k and 0.59x industry multiple (adjusted for size and gross margin).
binnacle ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of BINNACLE LTD at £0 based on an EBITDA of £-11.6k and a 3.44x industry multiple (adjusted for size and gross margin).
binnacle ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of BINNACLE LTD at £0 based on Net Assets of £-31.1k and 1.58x industry multiple (adjusted for liquidity).
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Binnacle LtdOverview
Binnacle Ltd is a live company located in colchester, CO5 8LE with a Companies House number of 11225309. It operates in the activities of exhibition and fair organisers sector, SIC Code 82301. Founded in February 2018, it's largest shareholder is
wendy bixby
with a 50% stake. Binnacle Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£72.7k with
high
growth in recent years.
Pomanda's financial health check has awarded Binnacle Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
2 Strong
1 Regular
7 Weak
Size
annual sales of £72.7k, make it smaller than the average company (£1.4m)
£72.7k - Binnacle Ltd
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 27%, show it is growing at a slower rate (43.7%)
27% - Binnacle Ltd
43.7% - Industry AVG
Production
with a gross margin of 32.7%, this company has a higher cost of product (52.3%)
32.7% - Binnacle Ltd
52.3% - Industry AVG
Profitability
an operating margin of -15.9% make it less profitable than the average company (8.6%)
-15.9% - Binnacle Ltd
8.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Binnacle Ltd
6 - Industry AVG
Pay Structure
on an average salary of £52.6k, the company has an equivalent pay structure (£52.6k)
£52.6k - Binnacle Ltd
£52.6k - Industry AVG
Efficiency
resulting in sales per employee of £36.4k, this is less efficient (£161.7k)
£36.4k - Binnacle Ltd
£161.7k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (35 days)
5 days - Binnacle Ltd
35 days - Industry AVG
Creditor Days
its suppliers are paid after 239 days, this is slower than average (26 days)
239 days - Binnacle Ltd
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Binnacle Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Binnacle Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 3094.9%, this is a higher level of debt than the average (70.1%)
3094.9% - Binnacle Ltd
70.1% - Industry AVG
BINNACLE LTD financials
EXPORT
Binnacle Ltd's latest turnover from March 2024 is estimated at £72.7 thousand and the company has net assets of -£31.1 thousand. According to their latest financial statements, Binnacle Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Turnover
72,719
95,856
60,242
35,209
97,815
114,236
Other Income Or Grants
Cost Of Sales
48,912
67,574
42,916
26,788
69,623
82,254
Gross Profit
23,807
28,281
17,326
8,421
28,192
31,982
Admin Expenses
35,391
35,067
30,172
23,766
27,001
14,107
Operating Profit
-11,584
-6,786
-12,846
-15,345
1,191
17,875
Interest Payable
Interest Receivable
Pre-Tax Profit
-11,584
-6,786
-12,846
-15,345
1,191
17,875
Tax
-226
-3,396
Profit After Tax
-11,584
-6,786
-12,846
-15,345
965
14,479
Dividends Paid
Retained Profit
-11,584
-6,786
-12,846
-15,345
965
14,479
Employee Costs
105,172
95,307
89,978
87,708
99,874
96,387
Number Of Employees
2
2
2
2
2
2
EBITDA*
-11,584
-6,786
-12,846
-15,345
1,191
17,875
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
1,039
14,139
10,692
11,827
19,743
21,485
Group Debtors
Misc Debtors
Cash
misc current assets
total current assets
1,039
14,139
10,692
11,827
19,743
21,485
total assets
1,039
14,139
10,692
11,827
19,743
21,485
Bank overdraft
Bank loan
Trade Creditors
32,156
33,672
23,439
11,728
4,299
7,006
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
32,156
33,672
23,439
11,728
4,299
7,006
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
32,156
33,672
23,439
11,728
4,299
7,006
net assets
-31,117
-19,533
-12,747
99
15,444
14,479
total shareholders funds
-31,117
-19,533
-12,747
99
15,444
14,479
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Operating Activities
Operating Profit
-11,584
-6,786
-12,846
-15,345
1,191
17,875
Depreciation
Amortisation
Tax
-226
-3,396
Stock
Debtors
-13,100
3,447
-1,135
-7,916
-1,742
21,485
Creditors
-1,516
10,233
11,711
7,429
-2,707
7,006
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
interest
cash flow from financing
cash and cash equivalents
cash
overdraft
change in cash
binnacle ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for binnacle ltd. Get real-time insights into binnacle ltd's credit score, group structure and payment trends.
Perform a competitor analysis for binnacle ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in CO5 area or any other competitors across 12 key performance metrics.
binnacle ltd Ownership
BINNACLE LTD group structure
Binnacle Ltd has no subsidiary companies.
Ultimate parent company
BINNACLE LTD
11225309
BINNACLE LTD Shareholders
The largest shareholders in Binnacle Ltd include Wendy Bixby and William Bixby.
wendy bixby
50%
william bixby
50%
binnacle ltd directors
Binnacle Ltd currently has 2 directors.
The longest serving directors include
Mr William Bixby (Feb 2018) and
Mrs Wendy Bixby (Feb 2018).
82301 - Activities of exhibition and fair organizers
incorporation date
February 2018
age
7
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
7 gunfleet close, west mersea, colchester, essex, CO5 8LE
Bank
-
Legal Advisor
-
binnacle 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 binnacle ltd.
binnacle 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.
Click to start generating capital raising & share issue transactions for BINNACLE LTD. This can take several minutes, an email will notify you when this has completed.
binnacle ltdCompanies House Filings - See Documents
