cedar mechanical limited
cedar mechanical limited Company Information
Company Number
11280382
Website
www.cedarmechanical.co.ukRegistered Address
units 6 & 7 park farm barns, chester road, meriden, coventry, CV7 7TL
Industry
Plumbing, heat and air-conditioning installation
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
mark belcher 33.3%
oliver edwards 33.3%
View Allcedar mechanical limited Estimated Valuation
The estimated valuation range for cedar mechanical limited, derived from financial data as of March 2023 and the most recent industry multiples, is between £2.5m to £6.2m
cedar mechanical limited Estimated Valuation
The estimated valuation range for cedar mechanical limited, derived from financial data as of March 2023 and the most recent industry multiples, is between £2.5m to £6.2m
cedar mechanical limited Estimated Valuation
The estimated valuation range for cedar mechanical limited, derived from financial data as of March 2023 and the most recent industry multiples, is between £2.5m to £6.2m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Cedar Mechanical Limited Overview
Cedar Mechanical Limited is a live company located in meriden, CV7 7TL with a Companies House number of 11280382. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in March 2018, it's largest shareholder is mark belcher with a 33.3% stake. Cedar Mechanical Limited is a young, mid sized company, Pomanda has estimated its turnover at £5.3m with healthy growth in recent years.
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Cedar Mechanical Limited Health Check
Pomanda's financial health check has awarded Cedar Mechanical Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
2 Regular
2 Weak
Size
annual sales of £5.3m, make it larger than the average company (£350k)
- Cedar Mechanical Limited
£350k - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (4.2%)
- Cedar Mechanical Limited
4.2% - Industry AVG
Production
with a gross margin of 27.6%, this company has a comparable cost of product (27.6%)
- Cedar Mechanical Limited
27.6% - Industry AVG
Profitability
an operating margin of 12.4% make it more profitable than the average company (6.6%)
- Cedar Mechanical Limited
6.6% - Industry AVG
Employees
with 16 employees, this is above the industry average (4)
16 - Cedar Mechanical Limited
4 - Industry AVG
Pay Structure
on an average salary of £33.5k, the company has an equivalent pay structure (£33.5k)
- Cedar Mechanical Limited
£33.5k - Industry AVG
Efficiency
resulting in sales per employee of £332.7k, this is more efficient (£107.1k)
- Cedar Mechanical Limited
£107.1k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (57 days)
- Cedar Mechanical Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 67 days, this is slower than average (47 days)
- Cedar Mechanical Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 39 days, this is more than average (10 days)
- Cedar Mechanical Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 60 weeks, this is more cash available to meet short term requirements (19 weeks)
60 weeks - Cedar Mechanical Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.2%, this is a lower level of debt than the average (62.5%)
35.2% - Cedar Mechanical Limited
62.5% - Industry AVG
cedar mechanical limited Credit Report and Business Information
Cedar Mechanical Limited Competitor Analysis
Perform a competitor analysis for cedar mechanical limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cedar mechanical limited Ownership
CEDAR MECHANICAL LIMITED group structure
Cedar Mechanical Limited has no subsidiary companies.
Ultimate parent company
CEDAR MECHANICAL LIMITED
11280382
cedar mechanical limited directors
Cedar Mechanical Limited currently has 2 directors. The longest serving directors include Mr Oliver Edwards (Mar 2018) and Mr Mark Belcher (Jun 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Oliver Edwards | England | 44 years | Mar 2018 | - | Director |
| Mr Mark Belcher | 64 years | Jun 2018 | - | Director |
CEDAR MECHANICAL LIMITED financials
Cedar Mechanical Limited's latest turnover from March 2023 is estimated at £5.3 million and the company has net assets of £1.8 million. According to their latest financial statements, Cedar Mechanical Limited has 16 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 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 | 16 | 15 | 14 | 11 | 6 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 97,567 | 93,807 | 76,669 | 75,044 | 68,099 |
| 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 | 97,567 | 93,807 | 76,669 | 75,044 | 68,099 |
| Stock & work in progress | 418,804 | 805,292 | 408,710 | 154,081 | 271,776 |
| Trade Debtors | 1,089,398 | 908,339 | 485,773 | 910,389 | 245,768 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 138,000 | 151,869 | 4,000 | 4,000 | 57,565 |
| Cash | 1,106,629 | 243,744 | 594,235 | 41,287 | 82,195 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,752,831 | 2,109,244 | 1,492,718 | 1,109,757 | 657,304 |
| total assets | 2,850,398 | 2,203,051 | 1,569,387 | 1,184,801 | 725,403 |
| Bank overdraft | 598 | 663 | 2,441 | 229 | 2,987 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 715,121 | 677,967 | 543,219 | 350,204 | 238,423 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 24,647 | 25,937 | 26,043 | 21,158 | 15,463 |
| other current liabilities | 209,292 | 157,465 | 118,384 | 174,916 | 94,282 |
| total current liabilities | 949,658 | 862,032 | 690,087 | 546,507 | 351,155 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 37,630 | 35,044 | 22,045 | 28,690 | 30,452 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 14,579 | 13,538 | 0 | 0 | 0 |
| total long term liabilities | 52,209 | 48,582 | 22,045 | 28,690 | 30,452 |
| total liabilities | 1,001,867 | 910,614 | 712,132 | 575,197 | 381,607 |
| net assets | 1,848,531 | 1,292,437 | 857,255 | 609,604 | 343,796 |
| total shareholders funds | 1,848,531 | 1,292,437 | 857,255 | 609,604 | 343,796 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 31,998 | 30,740 | 25,030 | 24,489 | 22,948 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | -386,488 | 396,582 | 254,629 | -117,695 | 271,776 |
| Debtors | 167,190 | 570,435 | -424,616 | 611,056 | 303,333 |
| Creditors | 37,154 | 134,748 | 193,015 | 111,781 | 238,423 |
| Accruals and Deferred Income | 51,827 | 39,081 | -56,532 | 80,634 | 94,282 |
| Deferred Taxes & Provisions | 1,041 | 13,538 | 0 | 0 | 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 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 1,296 | 12,893 | -1,760 | 3,933 | 45,915 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 862,885 | -350,491 | 552,948 | -40,908 | 82,195 |
| overdraft | -65 | -1,778 | 2,212 | -2,758 | 2,987 |
| change in cash | 862,950 | -348,713 | 550,736 | -38,150 | 79,208 |
P&L
March 2023turnover
5.3m
-12%
operating profit
657.9k
0%
gross margin
27.6%
-7.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.8m
+0.43%
total assets
2.9m
+0.29%
cash
1.1m
+3.54%
net assets
Total assets minus all liabilities
cedar mechanical limited company details
company number
11280382
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
March 2018
age
6
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
units 6 & 7 park farm barns, chester road, meriden, coventry, CV7 7TL
last accounts submitted
March 2023
cedar mechanical 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 cedar mechanical limited.
cedar mechanical limited Companies House Filings - See Documents
| date | description | view/download |
|---|
