Robinson Services Laundry Ltd

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robinson services laundry ltd Company Information

Live

MatureSmallDeclining

Company Number

NI002723

Website

www.robinson-services.com

Registered Address

unit 7 edgewater road, edgewater business park, belfast, BT3 9JQ

Industry

Washing and (dry-)cleaning of textile and fur products

Telephone

02894429717

Next Accounts Due

167 days late

Group Structure

View All

Directors

Declan Doyle1 Years

Mark Holligan1 Years

View All

Shareholders

bidvest noonan (uk) ltd 100%

robinson services laundry ltd Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of ROBINSON SERVICES LAUNDRY LTD at £1.4m based on an EBITDA of £387.3k and a 3.58x industry multiple (adjusted for size and gross margin).

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Robinson Services Laundry Ltd is a live company located in belfast, BT3 9JQ with a Companies House number of NI002723. It operates in the washing and (dry-)cleaning of textile and fur products sector, SIC Code 96010. Founded in October 1949, it's largest shareholder is bidvest noonan (uk) ltd with a 100% stake. Robinson Services Laundry Ltd is a mature, small sized company, Pomanda has estimated its turnover at £585.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Robinson Services Laundry Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £585.7k, make it in line with the average company (£543.1k)

Growth

3 year (CAGR) sales growth of -38%, show it is growing at a slower rate (-6.3%)

EXPORT

Robinson Services Laundry Ltd's latest turnover from June 2022 is estimated at £585.7 thousand and the company has net assets of -£250.7 thousand. According to their latest financial statements, Robinson Services Laundry Ltd has 12 employees and maintains cash reserves of £4.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Dec 2011	Dec 2010	Dec 2009
Turnover	585,698	671,017	1,571,969	2,402,988	2,399,068	1,973,188	2,876,105	2,844,418	3,283,338	2,774,657	2,753,499	3,668,345	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	348,961	549,882	870,021	1,378,017	1,347,967	1,093,088	1,581,988	1,293,756	1,704,283	762,629	845,645	771,084	0
Gross Profit	236,736	121,135	701,948	1,024,971	1,051,101	880,100	1,294,117	1,550,661	1,579,055	2,012,027	1,907,854	2,897,262	0
Admin Expenses	-11,440	127,172	717,132	1,234,889	917,051	720,806	1,320,270	1,562,379	1,471,134	2,233,852	1,805,004	3,262,481	-153,821
Operating Profit	248,176	-6,037	-15,184	-209,918	134,050	159,294	-26,153	-11,718	107,921	-221,825	102,850	-365,219	153,821
Interest Payable	32,345	36,494	38,577	38,440	37,467	45,805	50,892	32,955	21,306	11,981	23,724	0	0
Interest Receivable	30	3	6	179	131	83	166	45	38	20	57	33	13
Pre-Tax Profit	215,862	-42,528	-53,755	-248,179	96,714	113,572	-76,878	-44,628	86,653	-233,786	79,184	-365,186	153,833
Tax	-41,014	0	0	0	-18,376	-21,579	0	0	-18,197	0	-20,588	0	-43,073
Profit After Tax	174,848	-42,528	-53,755	-248,179	78,338	91,993	-76,878	-44,628	68,456	-233,786	58,596	-365,186	110,760
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	174,848	-42,528	-53,755	-248,179	78,338	91,993	-76,878	-44,628	68,456	-233,786	58,596	-365,186	110,760
Employee Costs	232,818	272,316	1,070,745	1,191,195	870,567	569,536	1,051,670	1,093,052	1,326,164	1,160,186	1,190,453	1,592,171	0
Number Of Employees	12	14	57	58	43	30	54	56	71	65	63	92	0
EBITDA*	387,292	137,323	236,277	232,770	512,865	523,815	331,627	317,675	449,923	279,384	337,866	-77,989	433,019

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	718,408	1,062,545	1,222,735	1,311,175	1,485,344	1,516,327	1,592,583	1,643,162	1,697,577	1,812,442	2,011,866	1,929,337	2,241,933
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	718,408	1,062,545	1,222,735	1,311,175	1,485,344	1,516,327	1,592,583	1,643,162	1,697,577	1,812,442	2,011,866	1,929,337	2,241,933
Stock & work in progress	1,673	1,961	4,323	5,615	9,654	9,744	5,172	2,100	0	0	0	426,704	345,000
Trade Debtors	126,192	118,833	196,362	485,058	495,793	479,230	444,947	379,321	355,689	344,690	300,927	396,175	531,187
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	18,348	6,635	58,454	10,486	12,410	11,559	9,020	0	0	0	0	0	0
Cash	4,189	663	5,795	5,715	41,929	10,328	55,684	10,818	7,324	7,989	14,796	8,109	5,123
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	150,402	128,092	264,934	506,874	559,786	510,861	514,823	392,239	363,013	352,679	315,723	830,988	881,310
total assets	868,810	1,190,637	1,487,669	1,818,049	2,045,130	2,027,188	2,107,406	2,035,401	2,060,590	2,165,121	2,327,589	2,760,325	3,123,243
Bank overdraft	0	36,633	44,177	315,493	154,902	146,703	233,189	0	0	0	0	0	0
Bank loan	160,731	165,569	125,790	84,465	83,171	118,054	127,558	125,272	0	0	0	0	0
Trade Creditors	133,781	97,437	24,959	183,081	283,110	152,542	150,939	1,425,904	1,398,195	1,372,416	1,078,114	920,909	735,833
Group/Directors Accounts	480,027	531,204	620,207	598,169	1,054,668	1,117,162	1,099,896	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	3,593	51,051	58,562	52,559	2,895	5,313	6,290	0	0	0	0	0	0
other current liabilities	154,693	148,566	243,672	318,391	228,945	255,074	217,565	0	0	0	0	0	0
total current liabilities	932,825	1,030,460	1,117,367	1,552,158	1,807,691	1,794,848	1,835,437	1,551,176	1,398,195	1,372,416	1,078,114	920,909	735,833
loans	186,722	342,615	481,739	213,140	287,795	362,203	478,062	601,816	286,920	368,645	729,965	0	0
hp & lease commitments	0	220,569	271,620	321,544	0	2,860	8,176	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	4,593	478,282	595,882	679,958	2,058,460	2,168,769
provisions	0	22,578	0	60,509	30,767	26,738	37,185	52,392	27,141	26,582	0	0	0
total long term liabilities	186,722	585,762	753,359	595,193	318,562	391,801	523,423	658,801	792,343	991,109	1,409,923	2,058,460	2,168,769
total liabilities	1,119,547	1,616,222	1,870,726	2,147,351	2,126,253	2,186,649	2,358,860	2,209,977	2,190,538	2,363,525	2,488,037	2,979,369	2,904,602
net assets	-250,737	-425,585	-383,057	-329,302	-81,123	-159,461	-251,454	-174,576	-129,948	-198,404	-160,448	-219,044	218,641
total shareholders funds	-250,737	-425,585	-383,057	-329,302	-81,123	-159,461	-251,454	-174,576	-129,948	-198,404	-160,448	-219,044	218,641

	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	248,176	-6,037	-15,184	-209,918	134,050	159,294	-26,153	-11,718	107,921	-221,825	102,850	-365,219	153,821
Depreciation	139,116	143,360	251,461	442,688	378,815	364,521	357,780	329,393	342,002	501,209	235,016	287,230	279,198
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-41,014	0	0	0	-18,376	-21,579	0	0	-18,197	0	-20,588	0	-43,073
Stock	-288	-2,362	-1,292	-4,039	-90	4,572	3,072	2,100	0	0	-426,704	81,704	345,000
Debtors	19,072	-129,348	-240,728	-12,659	17,414	36,822	74,646	23,632	10,999	344,690	-95,248	-135,012	531,187
Creditors	36,344	72,478	-158,122	-100,029	130,568	1,603	-1,274,965	27,709	25,779	1,372,416	157,205	185,076	735,833
Accruals and Deferred Income	6,127	-95,106	-74,719	89,446	-26,129	37,509	217,565	0	0	0	0	0	0
Deferred Taxes & Provisions	-22,578	22,578	-60,509	29,742	4,029	-10,447	-15,207	25,251	559	26,582	0	0	0
Cash flow from operations	347,387	268,983	184,947	268,627	585,633	489,507	-818,698	344,903	447,065	1,333,692	996,435	160,395	249,592
Investing Activities
capital expenditure	205,021	16,830	-163,021	-268,519	-347,832	-288,265	-307,201	-274,978	-227,137	-2,313,651	-317,545	25,366	-2,521,131
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	205,021	16,830	-163,021	-268,519	-347,832	-288,265	-307,201	-274,978	-227,137	-2,313,651	-317,545	25,366	-2,521,131
Financing Activities
Bank loans	-4,838	39,779	41,325	1,294	-34,883	-9,504	2,286	125,272	0	0	0	0	0
Group/Directors Accounts	-51,177	-89,003	22,038	-456,499	-62,494	17,266	1,099,896	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-155,893	-139,124	268,599	-74,655	-74,408	-115,859	-123,754	314,896	-81,725	368,645	729,965	0	0
Hire Purchase and Lease Commitments	-268,027	-58,562	-43,921	371,208	-5,278	-6,293	14,466	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-4,593	-473,689	-117,600	595,882	-1,378,502	-110,309	2,168,769
share issue	0	0	0	0	0	0	0	0	0	35,382	0	-72,499	107,881
interest	-32,315	-36,491	-38,571	-38,261	-37,336	-45,722	-50,726	-32,910	-21,268	-11,961	-23,667	33	13
cash flow from financing	-512,250	-283,401	249,470	-196,913	-214,399	-160,112	937,575	-66,431	-220,593	987,948	-672,204	-182,775	2,276,663
cash and cash equivalents
cash	3,526	-5,132	80	-36,214	31,601	-45,356	44,866	3,494	-665	7,989	6,687	2,986	5,123
overdraft	-36,633	-7,544	-271,316	160,591	8,199	-86,486	233,189	0	0	0	0	0	0
change in cash	40,159	2,412	271,396	-196,805	23,402	41,130	-188,323	3,494	-665	7,989	6,687	2,986	5,123

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ROBINSON SERVICES LAUNDRY LTD group structure

Robinson Services Laundry Ltd has no subsidiary companies.

Ultimate parent company

THE BIDVEST GROUP LTD

#0037686

BIDVEST NOONAN (UK) LIMITED

05049403

2 parents

ROBINSON SERVICES LAUNDRY LTD

NI002723

ROBINSON SERVICES LAUNDRY LTD Shareholders

bidvest noonan (uk) ltd

100%

Robinson Services Laundry Ltd currently has 3 directors. The longest serving directors include Mr Declan Doyle (Jul 2023) and Mr Mark Holligan (Jul 2023).

officer	country	age	start	end	role
Mr Declan Doyle	United Kingdom	44 years	Jul 2023	-	Director
Mr Mark Holligan	Northern Ireland	39 years	Jul 2023	-	Director
Ms Kathy McDermott	United Kingdom	38 years	Jul 2023	-	Director

P&L

June 2022

turnover

585.7k

-13%

operating profit

248.2k

gross margin

40.5%

+123.9%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2022

net assets

-250.7k

-0.41%

total assets

868.8k

-0.27%

cash

4.2k

+5.32%

net assets

Total assets minus all liabilities

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company number

NI002723

Type

Private limited with Share Capital

industry

96010 - Washing and (dry-)cleaning of textile and fur products

incorporation date

October 1949

accounts

Small Company

ultimate parent company

THE BIDVEST GROUP LTD

previous names

waveney laundry limited (September 2010)

last accounts submitted

June 2022

address

unit 7 edgewater road, edgewater business park, belfast, BT3 9JQ

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 7 charges/mortgages relating to robinson services laundry ltd. Currently there are 0 open charges and 7 have been satisfied in the past.

robinson services laundry ltd Company Information

robinson services laundry ltd Estimated Valuation

robinson services laundry ltd Estimated Valuation

robinson services laundry ltd Estimated Valuation

Robinson Services Laundry Ltd Overview

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ROBINSON SERVICES LAUNDRY LTD financials

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robinson services laundry ltd Ownership

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