comet way hatfield limited
comet way hatfield limited Company Information
Company Number
12216088
Next Accounts
278 days late
Shareholders
new ways construction ltd
Group Structure
View All
Industry
Development of building projects
Registered Address
unit 8 carnival park, carnival close, basildon, essex, SS14 3WN
Website
thegalleria.co.ukcomet way hatfield limited Estimated Valuation
Pomanda estimates the enterprise value of COMET WAY HATFIELD LIMITED at £251.2k based on a Turnover of £539.9k and 0.47x industry multiple (adjusted for size and gross margin).
comet way hatfield limited Estimated Valuation
Pomanda estimates the enterprise value of COMET WAY HATFIELD LIMITED at £14.4m based on an EBITDA of £3.9m and a 3.68x industry multiple (adjusted for size and gross margin).
comet way hatfield limited Estimated Valuation
Pomanda estimates the enterprise value of COMET WAY HATFIELD LIMITED at £4.5m based on Net Assets of £3.2m and 1.41x industry multiple (adjusted for liquidity).
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Comet Way Hatfield Limited Overview
Comet Way Hatfield Limited is a live company located in basildon, SS14 3WN with a Companies House number of 12216088. It operates in the development of building projects sector, SIC Code 41100. Founded in September 2019, it's largest shareholder is new ways construction ltd with a 100% stake. Comet Way Hatfield Limited is a young, small sized company, Pomanda has estimated its turnover at £539.9k with unknown growth in recent years.
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Comet Way Hatfield Limited Health Check
Pomanda's financial health check has awarded Comet Way Hatfield Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 3 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
3 Weak
Size
annual sales of £539.9k, make it smaller than the average company (£2m)
- Comet Way Hatfield Limited
£2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Comet Way Hatfield Limited
- - Industry AVG
Production
with a gross margin of 25.3%, this company has a comparable cost of product (25.3%)
- Comet Way Hatfield Limited
25.3% - Industry AVG
Profitability
an operating margin of 723.7% make it more profitable than the average company (11.3%)
- Comet Way Hatfield Limited
11.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Comet Way Hatfield Limited
6 - Industry AVG
Pay Structure
on an average salary of £45k, the company has an equivalent pay structure (£45k)
- Comet Way Hatfield Limited
£45k - Industry AVG
Efficiency
resulting in sales per employee of £269.9k, this is equally as efficient (£269.9k)
- Comet Way Hatfield Limited
£269.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Comet Way Hatfield Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Comet Way Hatfield Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Comet Way Hatfield Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Comet Way Hatfield Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.8%, this is a lower level of debt than the average (74.5%)
33.8% - Comet Way Hatfield Limited
74.5% - Industry AVG
COMET WAY HATFIELD LIMITED financials
Comet Way Hatfield Limited's latest turnover from September 2022 is estimated at £539.9 thousand and the company has net assets of £3.2 million. According to their latest financial statements, Comet Way Hatfield Limited has 2 employees and maintains cash reserves of £100 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 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 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | |
|---|---|---|---|
| Tangible Assets | |||
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | |||
| Stock & work in progress | 639,229 | 142,062 | |
| Trade Debtors | 30,000 | ||
| Group Debtors | 4,766,999 | ||
| Misc Debtors | 33 | 28,742 | |
| Cash | 100 | 9,181 | 4,610 |
| misc current assets | |||
| total current assets | 4,767,099 | 648,443 | 205,414 |
| total assets | 4,767,099 | 648,443 | 205,414 |
| Bank overdraft | 38 | ||
| Bank loan | |||
| Trade Creditors | 95,000 | 3,278 | |
| Group/Directors Accounts | 561,367 | 205,105 | |
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 1,613,187 | 3,025 | 1,675 |
| total current liabilities | 1,613,225 | 659,392 | 210,058 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | |||
| total liabilities | 1,613,225 | 659,392 | 210,058 |
| net assets | 3,153,874 | -10,949 | -4,644 |
| total shareholders funds | 3,153,874 | -10,949 | -4,644 |
| Sep 2022 | Sep 2021 | Sep 2020 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | |||
| Stock | -639,229 | 497,167 | 142,062 |
| Debtors | 4,766,966 | -58,709 | 58,742 |
| Creditors | -95,000 | 91,722 | 3,278 |
| Accruals and Deferred Income | 1,610,162 | 1,350 | 1,675 |
| 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 | -561,367 | 356,262 | 205,105 |
| 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 | -9,081 | 4,571 | 4,610 |
| overdraft | 38 | ||
| change in cash | -9,119 | 4,571 | 4,610 |
comet way hatfield limited Credit Report and Business Information
Comet Way Hatfield Limited Competitor Analysis
Perform a competitor analysis for comet way hatfield limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in SS14 area or any other competitors across 12 key performance metrics.
comet way hatfield limited Ownership
COMET WAY HATFIELD LIMITED group structure
Comet Way Hatfield Limited has no subsidiary companies.
Ultimate parent company
2 parents
COMET WAY HATFIELD LIMITED
12216088
comet way hatfield limited directors
Comet Way Hatfield Limited currently has 2 directors. The longest serving directors include Mr Robert Wheatley (Sep 2019) and Mr Sonny McNess (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Wheatley | United Kingdom | 63 years | Sep 2019 | - | Director |
| Mr Sonny McNess | 44 years | Mar 2022 | - | Director |
P&L
September 2022turnover
539.9k
-25%
operating profit
3.9m
0%
gross margin
25.3%
+6.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
3.2m
-289.05%
total assets
4.8m
+6.35%
cash
100
-0.99%
net assets
Total assets minus all liabilities
comet way hatfield limited company details
company number
12216088
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
September 2019
age
6
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2022
previous names
N/A
accountant
-
auditor
-
address
unit 8 carnival park, carnival close, basildon, essex, SS14 3WN
Bank
-
Legal Advisor
-
comet way hatfield 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 comet way hatfield limited.
comet way hatfield limited 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 COMET WAY HATFIELD LIMITED. This can take several minutes, an email will notify you when this has completed.
comet way hatfield limited Companies House Filings - See Documents
| date | description | view/download |
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