joint operations ltd
joint operations ltd Company Information
Company Number
11817255
Next Accounts
42 days late
Shareholders
richard forster
laura morgan forster
View AllGroup Structure
View All
Industry
Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
+1Registered Address
unit 11 bincknoll lane, royal wootton bassett, swindon, SN4 8SY
joint operations ltd Estimated Valuation
Pomanda estimates the enterprise value of JOINT OPERATIONS LTD at £8.3m based on a Turnover of £11.1m and 0.75x industry multiple (adjusted for size and gross margin).
joint operations ltd Estimated Valuation
Pomanda estimates the enterprise value of JOINT OPERATIONS LTD at £1.2m based on an EBITDA of £232.4k and a 5.19x industry multiple (adjusted for size and gross margin).
joint operations ltd Estimated Valuation
Pomanda estimates the enterprise value of JOINT OPERATIONS LTD at £53.1k based on Net Assets of £22.9k and 2.32x industry multiple (adjusted for liquidity).
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Joint Operations Ltd Overview
Joint Operations Ltd is a live company located in swindon, SN4 8SY with a Companies House number of 11817255. It operates in the other professional, scientific and technical activities n.e.c. sector, SIC Code 74909. Founded in February 2019, it's largest shareholder is richard forster with a 40% stake. Joint Operations Ltd is a young, mid sized company, Pomanda has estimated its turnover at £11.1m with rapid growth in recent years.
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Joint Operations Ltd Health Check
Pomanda's financial health check has awarded Joint Operations Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £11.1m, make it larger than the average company (£2.4m)
- Joint Operations Ltd
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 2354%, show it is growing at a faster rate (4.7%)
- Joint Operations Ltd
4.7% - Industry AVG
Production
with a gross margin of 41.4%, this company has a comparable cost of product (41.4%)
- Joint Operations Ltd
41.4% - Industry AVG
Profitability
an operating margin of 1.3% make it less profitable than the average company (6.4%)
- Joint Operations Ltd
6.4% - Industry AVG
Employees
with 30 employees, this is above the industry average (18)
30 - Joint Operations Ltd
18 - Industry AVG
Pay Structure
on an average salary of £46k, the company has an equivalent pay structure (£46k)
- Joint Operations Ltd
£46k - Industry AVG
Efficiency
resulting in sales per employee of £369.8k, this is more efficient (£126.5k)
- Joint Operations Ltd
£126.5k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is later than average (48 days)
- Joint Operations Ltd
48 days - Industry AVG
Creditor Days
its suppliers are paid after 126 days, this is slower than average (34 days)
- Joint Operations Ltd
34 days - Industry AVG
Stock Days
it holds stock equivalent to 106 days, this is more than average (30 days)
- Joint Operations Ltd
30 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (30 weeks)
1 weeks - Joint Operations Ltd
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.6%, this is a higher level of debt than the average (56.2%)
99.6% - Joint Operations Ltd
56.2% - Industry AVG
JOINT OPERATIONS LTD financials
Joint Operations Ltd's latest turnover from March 2023 is estimated at £11.1 million and the company has net assets of £22.9 thousand. According to their latest financial statements, Joint Operations Ltd has 30 employees and maintains cash reserves of £110.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Feb 2021 | Feb 2020 | |
|---|---|---|---|---|
| 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 | 30 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Feb 2021 | Feb 2020 | |
|---|---|---|---|---|
| Tangible Assets | 272,559 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 272,559 | 0 | 0 | 0 |
| Stock & work in progress | 1,901,086 | 0 | 0 | 0 |
| Trade Debtors | 1,928,759 | 100 | 100 | 100 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,055,781 | 0 | 5,000 | 0 |
| Cash | 110,728 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 4,996,354 | 100 | 5,100 | 100 |
| total assets | 5,268,913 | 100 | 5,100 | 100 |
| Bank overdraft | 20 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,245,648 | 0 | 600 | 0 |
| Group/Directors Accounts | 66,373 | 0 | 0 | 0 |
| other short term finances | 862,033 | 0 | 0 | 0 |
| hp & lease commitments | 25,675 | 0 | 0 | 0 |
| other current liabilities | 667,287 | 0 | 0 | 0 |
| total current liabilities | 3,867,036 | 0 | 600 | 0 |
| loans | 1,347,010 | 0 | 0 | 0 |
| hp & lease commitments | 2,552 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 1,100 | 5,000 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 29,428 | 0 | 0 | 0 |
| total long term liabilities | 1,378,990 | 1,100 | 5,000 | 0 |
| total liabilities | 5,246,026 | 1,100 | 5,600 | 0 |
| net assets | 22,887 | -1,000 | -500 | 100 |
| total shareholders funds | 22,887 | -1,000 | -500 | 100 |
| Mar 2023 | Mar 2022 | Feb 2021 | Feb 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 92,183 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | ||||
| Stock | 1,901,086 | 0 | 0 | 0 |
| Debtors | 2,984,440 | -5,000 | 5,000 | 100 |
| Creditors | 2,245,648 | -600 | 600 | 0 |
| Accruals and Deferred Income | 666,187 | -3,900 | 5,000 | 0 |
| Deferred Taxes & Provisions | 29,428 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 66,373 | 0 | 0 | 0 |
| Other Short Term Loans | 862,033 | 0 | 0 | 0 |
| Long term loans | 1,347,010 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 28,227 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 110,728 | 0 | 0 | 0 |
| overdraft | 20 | 0 | 0 | 0 |
| change in cash | 110,708 | 0 | 0 | 0 |
joint operations ltd Credit Report and Business Information
Joint Operations Ltd Competitor Analysis
Perform a competitor analysis for joint operations ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in SN4 area or any other competitors across 12 key performance metrics.
joint operations ltd Ownership
JOINT OPERATIONS LTD group structure
Joint Operations Ltd has no subsidiary companies.
Ultimate parent company
JOINT OPERATIONS LTD
11817255
joint operations ltd directors
Joint Operations Ltd currently has 2 directors. The longest serving directors include Mr Richard Forster (Feb 2019) and Mr Simon Coles (Feb 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Forster | England | 48 years | Feb 2019 | - | Director |
| Mr Simon Coles | United Kingdom | 59 years | Feb 2019 | - | Director |
P&L
March 2023turnover
11.1m
+1511235%
operating profit
140.2k
0%
gross margin
41.4%
+1.14%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
22.9k
-23.89%
total assets
5.3m
+52688.13%
cash
110.7k
0%
net assets
Total assets minus all liabilities
joint operations ltd company details
company number
11817255
Type
Private limited with Share Capital
industry
74909 - Other professional, scientific and technical activities (not including environmental consultancy or quantity surveying) n.e.c.
82990 - Other business support service activities n.e.c.
incorporation date
February 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
joint operations (swindon) ltd (July 2019)
accountant
ANDREW SPENCER ASSOCIATES LIMITED
auditor
-
address
unit 11 bincknoll lane, royal wootton bassett, swindon, SN4 8SY
Bank
-
Legal Advisor
-
joint operations 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 found 2 charges/mortgages relating to joint operations ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
joint operations 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 JOINT OPERATIONS LTD. This can take several minutes, an email will notify you when this has completed.
joint operations ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
