albea creative uk limited
albea creative uk limited Company Information
Company Number
11268678
Website
www.albea-group.comRegistered Address
de novo house newcomen way, colchester, essex, CO4 9AE
Industry
Manufacture of plastic packing goods
Telephone
-
Next Accounts Due
33 days late
Group Structure
View All
Shareholders
albea creative holding gmbh 100%
albea creative uk limited Estimated Valuation
Pomanda estimates the enterprise value of ALBEA CREATIVE UK LIMITED at £3.8m based on a Turnover of £13.8m and 0.27x industry multiple (adjusted for size and gross margin).
albea creative uk limited Estimated Valuation
Pomanda estimates the enterprise value of ALBEA CREATIVE UK LIMITED at £467.9k based on an EBITDA of £251k and a 1.86x industry multiple (adjusted for size and gross margin).
albea creative uk limited Estimated Valuation
Pomanda estimates the enterprise value of ALBEA CREATIVE UK LIMITED at £3.5m based on Net Assets of £1.7m and 2.09x industry multiple (adjusted for liquidity).
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Albea Creative Uk Limited Overview
Albea Creative Uk Limited is a live company located in essex, CO4 9AE with a Companies House number of 11268678. It operates in the manufacture of plastic packing goods sector, SIC Code 22220. Founded in March 2018, it's largest shareholder is albea creative holding gmbh with a 100% stake. Albea Creative Uk Limited is a young, mid sized company, Pomanda has estimated its turnover at £13.8m with rapid growth in recent years.
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Albea Creative Uk Limited Health Check
Pomanda's financial health check has awarded Albea Creative Uk 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
2 Regular
6 Weak
Size
annual sales of £13.8m, make it smaller than the average company (£21.8m)
£13.8m - Albea Creative Uk Limited
£21.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 77%, show it is growing at a faster rate (5.3%)
77% - Albea Creative Uk Limited
5.3% - Industry AVG
Production
with a gross margin of -3.5%, this company has a higher cost of product (17.6%)
-3.5% - Albea Creative Uk Limited
17.6% - Industry AVG
Profitability
an operating margin of -10.6% make it less profitable than the average company (3.3%)
-10.6% - Albea Creative Uk Limited
3.3% - Industry AVG
Employees
with 56 employees, this is below the industry average (95)
56 - Albea Creative Uk Limited
95 - Industry AVG
Pay Structure
on an average salary of £37.1k, the company has an equivalent pay structure (£38.5k)
£37.1k - Albea Creative Uk Limited
£38.5k - Industry AVG
Efficiency
resulting in sales per employee of £246.8k, this is equally as efficient (£242.6k)
£246.8k - Albea Creative Uk Limited
£242.6k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is earlier than average (65 days)
33 days - Albea Creative Uk Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 155 days, this is slower than average (52 days)
155 days - Albea Creative Uk Limited
52 days - Industry AVG
Stock Days
it holds stock equivalent to 31 days, this is less than average (53 days)
31 days - Albea Creative Uk Limited
53 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)
0 weeks - Albea Creative Uk Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 92.7%, this is a higher level of debt than the average (56.5%)
92.7% - Albea Creative Uk Limited
56.5% - Industry AVG
ALBEA CREATIVE UK LIMITED financials
Albea Creative Uk Limited's latest turnover from December 2022 is £13.8 million and the company has net assets of £1.7 million. According to their latest financial statements, Albea Creative Uk Limited has 56 employees and maintains cash reserves of £307 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jun 2019 | |
|---|---|---|---|---|---|
| Turnover | 13,823,000 | 5,188,000 | 5,275,000 | 2,514,000 | 3,133,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 14,301,000 | 4,688,000 | 3,939,000 | 1,822,000 | 2,986,000 |
| Gross Profit | -478,000 | 500,000 | 1,336,000 | 692,000 | 147,000 |
| Admin Expenses | 993,000 | 1,457,000 | 1,075,000 | 457,000 | 1,228,000 |
| Operating Profit | -1,471,000 | -957,000 | 261,000 | 235,000 | -1,081,000 |
| Interest Payable | 588,000 | 124,000 | 22,000 | 13,000 | 4,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -2,059,000 | -1,081,000 | 239,000 | 222,000 | -1,085,000 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -2,059,000 | -1,081,000 | 239,000 | 222,000 | -1,085,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -2,059,000 | -1,081,000 | 239,000 | 222,000 | -1,085,000 |
| Employee Costs | 2,077,000 | 695,000 | 474,000 | 204,000 | 421,000 |
| Number Of Employees | 56 | 17 | 13 | 14 | 17 |
| EBITDA* | 251,000 | -557,000 | 535,000 | 374,000 | -941,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jun 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 16,127,000 | 12,300,000 | 2,445,000 | 2,400,000 | 2,504,000 |
| Intangible Assets | 9,000 | 17,000 | 26,000 | 34,000 | 38,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 16,136,000 | 12,317,000 | 2,471,000 | 2,434,000 | 2,542,000 |
| Stock & work in progress | 1,218,000 | 547,000 | 526,000 | 528,000 | 538,000 |
| Trade Debtors | 1,257,000 | 289,000 | 76,000 | 257,000 | 301,000 |
| Group Debtors | 3,635,000 | 0 | 0 | 0 | 0 |
| Misc Debtors | 494,000 | 407,000 | 125,000 | 0 | 4,000 |
| Cash | 307,000 | 254,000 | 701,000 | 206,000 | 889,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,911,000 | 1,497,000 | 1,428,000 | 991,000 | 1,732,000 |
| total assets | 23,047,000 | 13,814,000 | 3,899,000 | 3,425,000 | 4,274,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 6,437,000 | 0 | 0 | 0 | 0 |
| Trade Creditors | 6,107,000 | 3,041,000 | 774,000 | 368,000 | 355,000 |
| Group/Directors Accounts | 0 | 1,105,000 | 0 | 0 | 0 |
| other short term finances | 0 | 4,184,000 | 0 | 0 | 0 |
| hp & lease commitments | 403,000 | 402,000 | 0 | 0 | 0 |
| other current liabilities | 4,102,000 | 0 | 1,295,000 | 2,070,000 | 3,154,000 |
| total current liabilities | 17,049,000 | 8,732,000 | 2,069,000 | 2,438,000 | 3,509,000 |
| loans | 8,624,000 | 889,000 | 0 | 0 | 0 |
| hp & lease commitments | 3,645,000 | 4,048,000 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 604,000 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,312,000 | 4,937,000 | 604,000 | 0 | 0 |
| total liabilities | 21,361,000 | 13,669,000 | 2,673,000 | 2,438,000 | 3,509,000 |
| net assets | 1,686,000 | 145,000 | 1,226,000 | 987,000 | 765,000 |
| total shareholders funds | 1,686,000 | 145,000 | 1,226,000 | 987,000 | 765,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jun 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -1,471,000 | -957,000 | 261,000 | 235,000 | -1,081,000 |
| Depreciation | 1,696,000 | 391,000 | 274,000 | 135,000 | 136,000 |
| Amortisation | 26,000 | 9,000 | 0 | 4,000 | 4,000 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Stock | 671,000 | 21,000 | -2,000 | 528,000 | 538,000 |
| Debtors | 4,690,000 | 495,000 | -56,000 | 257,000 | 305,000 |
| Creditors | 3,066,000 | 2,267,000 | 406,000 | 368,000 | 355,000 |
| Accruals and Deferred Income | 4,102,000 | -1,295,000 | -775,000 | 2,070,000 | 3,154,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,058,000 | -101,000 | 224,000 | 2,027,000 | 1,725,000 |
| Investing Activities | |||||
| capital expenditure | 0 | ||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | ||||
| Financing Activities | |||||
| Bank loans | 6,437,000 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,105,000 | 1,105,000 | 0 | 0 | 0 |
| Other Short Term Loans | -4,184,000 | 4,184,000 | 0 | 0 | 0 |
| Long term loans | 7,735,000 | 889,000 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -402,000 | 4,450,000 | 0 | 0 | 0 |
| other long term liabilities | 0 | -604,000 | 604,000 | 0 | 0 |
| share issue | |||||
| interest | -588,000 | -124,000 | -22,000 | -13,000 | -4,000 |
| cash flow from financing | 11,493,000 | 9,900,000 | 582,000 | 752,000 | 1,846,000 |
| cash and cash equivalents | |||||
| cash | 53,000 | -447,000 | 495,000 | 206,000 | 889,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 53,000 | -447,000 | 495,000 | 206,000 | 889,000 |
albea creative uk limited Credit Report and Business Information
Albea Creative Uk Limited Competitor Analysis
Perform a competitor analysis for albea creative uk limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in CO4 area or any other competitors across 12 key performance metrics.
albea creative uk limited Ownership
ALBEA CREATIVE UK LIMITED group structure
Albea Creative Uk Limited has no subsidiary companies.
Ultimate parent company
ALBEA CREATIVE UK LIMITED
11268678
albea creative uk limited directors
Albea Creative Uk Limited currently has 2 directors. The longest serving directors include Mr Derek Eaton (Mar 2018) and Mr Vinod Agarwal (Mar 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Derek Eaton | 56 years | Mar 2018 | - | Director | |
| Mr Vinod Agarwal | United Kingdom | 54 years | Mar 2018 | - | Director |
P&L
December 2022turnover
13.8m
+166%
operating profit
-1.5m
+54%
gross margin
-3.4%
-135.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.7m
+10.63%
total assets
23m
+0.67%
cash
307k
+0.21%
net assets
Total assets minus all liabilities
Similar Companies
albea creative uk limited company details
company number
11268678
Type
Private limited with Share Capital
industry
22220 - Manufacture of plastic packing goods
incorporation date
March 2018
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
de novo house newcomen way, colchester, essex, CO4 9AE
Bank
-
Legal Advisor
-
albea creative uk 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 found 3 charges/mortgages relating to albea creative uk limited. Currently there are 3 open charges and 0 have been satisfied in the past.
albea creative uk limited Companies House Filings - See Documents
| date | description | view/download |
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