K B Refrigeration Limited

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k b refrigeration limited Company Information

Company Number

SC102356

Next Accounts

Sep 2025

Directors

John Scott

Barclay Feeney

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Shareholders

carter thermal industries

Group Structure

View All

Industry

Repair of other equipment

Registered Address

31/33 colquhoun avenue, hillington park, glasgow, G52 4BN

Website

http://www.cartersynergy.com

k b refrigeration limited Estimated Valuation

£21.7m

Pomanda estimates the enterprise value of K B REFRIGERATION LIMITED at £21.7m based on Net Assets of £7.6m and 2.85x industry multiple (adjusted for liquidity).

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K B Refrigeration Limited is a live company located in glasgow, G52 4BN with a Companies House number of SC102356. It operates in the repair of other equipment sector, SIC Code 33190. Founded in December 1986, it's largest shareholder is carter thermal industries with a 100% stake. K B Refrigeration Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17m with declining growth in recent years.

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Pomanda's financial health check has awarded K B Refrigeration Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £17m, make it larger than the average company (£9.8m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (6.4%)

EXPORT

K B Refrigeration Limited's latest turnover from December 2023 is £17 million and the company has net assets of £7.6 million. According to their latest financial statements, K B Refrigeration Limited has 228 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	16,958,412	23,323,816	24,602,112	18,748,737	21,615,541	21,053,815	21,147,102	19,827,362	18,311,862	17,767,770	18,690,593	16,654,483	12,880,061	16,049,187	11,160,881
Other Income Or Grants
Cost Of Sales	11,935,427	15,905,531	17,150,605	13,011,559	14,771,561	14,156,773	13,959,585	12,955,422	12,008,747	11,491,834	12,364,094	10,950,396	8,302,772	10,167,241	8,928,705
Gross Profit	5,022,985	7,418,285	7,451,507	5,737,178	6,843,980	6,897,042	7,187,517	6,871,940	6,303,115	6,275,936	6,326,499	5,704,087	4,577,289	5,881,946	2,232,176
Admin Expenses	4,169,618	6,475,192	5,501,575	4,746,609	6,399,278	6,468,943	6,600,223	6,150,635	5,532,200	5,749,029	5,610,727	5,289,718	4,303,869	5,559,385	2,161,538
Operating Profit	853,367	943,093	1,949,932	990,569	444,702	428,099	587,294	721,305	770,915	526,907	715,772	414,369	273,420	322,561	70,638
Interest Payable		1,000	6,000	9,000	6,000	8,000	10,000	4,000	74,000	71,000	53,000	65,217	69,777	64,000	52,000
Interest Receivable	17,494	2,773	7,386	9,030	5,433	8,990	5,982	4,517	74,123	76,175	71,146	58,287	50,858	51,322	39,527
Pre-Tax Profit	870,861	944,866	1,951,318	990,599	462,135	449,204	704,560	764,176	771,038	532,082	703,918	407,439	254,501	309,883	58,165
Tax	-192,204	-224,805	-354,363	-199,738	-129,660	-78,318	-136,934	-141,108	-146,024	-123,297	-177,569	-104,020	-70,127	-93,694	-19,553
Profit After Tax	678,657	720,061	1,596,955	790,861	332,475	370,886	567,626	623,068	625,014	408,785	526,349	303,419	184,374	216,189	38,612
Dividends Paid									400,000	230,000		300,000
Retained Profit	678,657	720,061	1,596,955	790,861	332,475	370,886	567,626	623,068	225,014	178,785	526,349	3,419	184,374	216,189	38,612
Employee Costs	11,089,209	10,605,336	10,315,516	10,166,952	10,125,374	9,141,599	8,624,956	8,248,935	7,231,677	7,481,971	6,909,397	5,747,634	5,009,639	4,799,272	4,188,102
Number Of Employees	228	222	223	233	248	211	194	192	191	200	177	155	141	137	117
EBITDA*	964,395	1,122,564	2,228,905	1,266,577	638,724	628,155	912,841	1,148,647	1,251,021	976,442	1,121,687	744,589	521,559	553,241	309,774

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	228,193	344,354	387,343	569,873	450,395	545,754	474,858	1,124,938	815,387	955,157	1,029,841	1,116,588	687,792	651,785	421,300
Intangible Assets									2,994	6,002	9,002	12,002	15,002	18,002	21,002
Investments & Other	11,400	11,400	11,400	11,400	11,400	11,400	11,400	11,400	11,400	11,400	11,400	11,400	15,300	15,300	15,300
Debtors (Due After 1 year)
Total Fixed Assets	239,593	355,754	398,743	581,273	461,795	557,154	486,258	1,136,338	829,781	972,559	1,050,243	1,139,990	718,094	685,087	457,602
Stock & work in progress	276,210	383,017	1,033,236	764,418	349,080	435,716	488,448	372,270	305,109	630,160	370,661	336,872	186,666	267,323	224,798
Trade Debtors	954,308	1,700,745	2,213,796	2,595,467	2,557,283	2,914,540	2,892,561	2,565,872	1,873,518	1,721,165	2,770,700	2,782,629	1,755,956	2,511,970	1,936,964
Group Debtors	7,392,247	5,447,213	4,797,375	3,970,159	3,854,609	3,060,296	2,363,848	3,359,444	3,328,047	3,065,708	2,544,391	2,993,149	1,183,719	2,370,037	1,189,672
Misc Debtors	86,519	84,563	134,503	160,429	200,033	172,431	237,216	208,095	163,031	122,282	89,904	78,024	89,962	109,394	125,072
Cash	2,176,383	2,671,074	1,697,914	1,641,405	1,392,859	1,630,654	1,549,716	634,112	358,277	739,607	769,419	329,240	913,658	234,258	665,455
misc current assets
total current assets	10,885,667	10,286,612	9,876,824	9,131,878	8,353,864	8,213,637	7,531,789	7,139,793	6,027,982	6,278,922	6,545,075	6,519,914	4,129,961	5,492,982	4,141,961
total assets	11,125,260	10,642,366	10,275,567	9,713,151	8,815,659	8,770,791	8,018,047	8,276,131	6,857,763	7,251,481	7,595,318	7,659,904	4,848,055	6,178,069	4,599,563
Bank overdraft
Bank loan
Trade Creditors	1,408,402	1,926,623	1,892,245	1,697,234	1,577,258	2,340,922	2,113,612	2,428,105	2,124,536	2,262,442	2,446,359	2,761,103	945,634	2,499,556	1,437,297
Group/Directors Accounts	36,039	11,445	198,965	718,613	746,911	412,460	115,099	482,659	29,594	417,273	755,325	1,232,539	259,201	450,921	239,496
other short term finances
hp & lease commitments				2,251	9,004	9,004	9,004	9,786	9,032	11,551	9,029	7,018	5,714	3,726	3,726
other current liabilities	2,065,681	1,759,484	1,851,354	1,435,151	1,386,084	1,214,016	1,266,588	1,332,497	1,295,687	1,278,078	1,173,833	925,507	827,570	532,378	380,856
total current liabilities	3,510,122	3,697,552	3,942,564	3,853,249	3,719,257	3,976,402	3,504,303	4,253,047	3,458,849	3,969,344	4,384,546	4,926,167	2,038,119	3,486,581	2,061,375
loans
hp & lease commitments					2,251	11,254	20,258	29,261	14,763	21,276	32,830	16,768	18,571	5,589	9,314
Accruals and Deferred Income
other liabilities
provisions						39	796	3,689	462	2,686	652	6,992	16,203	34,507	33,123
total long term liabilities			146,267	473,267	475,518	196,560	280,321	333,217	15,225	45,762	33,482	177,356	115,474	50,900	68,429
total liabilities	3,510,122	3,697,552	4,088,831	4,326,516	4,194,775	4,172,962	3,784,624	4,586,264	3,474,074	4,015,106	4,418,028	5,103,523	2,153,593	3,537,481	2,129,804
net assets	7,615,138	6,944,814	6,186,736	5,386,635	4,620,884	4,597,829	4,233,423	3,689,867	3,383,689	3,236,375	3,177,290	2,556,381	2,694,462	2,640,588	2,469,759
total shareholders funds	7,615,138	6,944,814	6,186,736	5,386,635	4,620,884	4,597,829	4,233,423	3,689,867	3,383,689	3,236,375	3,177,290	2,556,381	2,694,462	2,640,588	2,469,759

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	853,367	943,093	1,949,932	990,569	444,702	428,099	587,294	721,305	770,915	526,907	715,772	414,369	273,420	322,561	70,638
Depreciation	111,028	179,471	278,973	276,008	194,022	200,056	325,547	424,348	477,098	446,535	402,915	327,220	245,139	227,680	236,136
Amortisation								2,994	3,008	3,000	3,000	3,000	3,000	3,000	3,000
Tax	-192,204	-224,805	-354,363	-199,738	-129,660	-78,318	-136,934	-141,108	-146,024	-123,297	-177,569	-104,020	-70,127	-93,694	-19,553
Stock	-106,807	-650,219	268,818	415,338	-86,636	-52,732	116,178	67,161	-325,051	259,499	33,789	150,206	-80,657	42,525	224,798
Debtors	1,200,553	86,847	419,619	114,130	464,658	653,642	-639,786	768,815	455,441	-495,840	-448,807	2,824,165	-1,961,764	1,739,693	3,251,708
Creditors	-518,221	34,378	195,011	119,976	-763,664	227,310	-314,493	303,569	-137,906	-183,917	-314,744	1,815,469	-1,553,922	1,062,259	1,437,297
Accruals and Deferred Income	306,197	-91,870	416,203	49,067	172,068	-52,572	-65,909	36,810	17,609	104,245	248,326	97,937	295,192	151,522	380,856
Deferred Taxes & Provisions					-39	-757	-2,893	3,227	-2,224	2,034	-6,340	-9,211	-18,304	1,384	33,123
Cash flow from operations	-533,579	1,403,639	1,797,319	706,414	-460,593	122,908	916,220	515,169	852,086	1,011,848	1,286,378	-429,607	1,216,819	-107,506	-1,335,009
Investing Activities
capital expenditure	5,133	-136,482	-96,443	-395,486	-98,663	-270,952	324,533	-733,899	-337,328	-371,851	-316,168	-756,016	-281,146	-458,165	-681,438
Change in Investments												-3,900			15,300
cash flow from investments	5,133	-136,482	-96,443	-395,486	-98,663	-270,952	324,533	-733,899	-337,328	-371,851	-316,168	-752,116	-281,146	-458,165	-696,738
Financing Activities
Bank loans
Group/Directors Accounts	24,594	-187,520	-519,648	-28,298	334,451	297,361	-367,560	453,065	-387,679	-338,052	-477,214	973,338	-191,720	211,425	239,496
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments			-2,251	-9,004	-9,003	-9,004	-9,785	15,252	-9,032	-9,032	18,073	-499	14,970	-3,725	13,040
other long term liabilities
share issue	-8,333	38,017	-796,854	-25,110	-309,420	-6,480	-24,070	-316,890	-77,700	-119,700	94,560	-141,500	-130,500	-45,360	2,431,147
interest	17,494	1,773	1,386	30	-567	990	-4,018	517	123	5,175	18,146	-6,930	-18,919	-12,678	-12,473
cash flow from financing	33,755	-147,730	-1,317,367	-62,382	15,461	282,867	-405,433	151,944	-474,288	-461,609	-346,435	824,409	-326,169	149,662	2,671,210
cash and cash equivalents
cash	-494,691	973,160	56,509	248,546	-237,795	80,938	915,604	275,835	-381,330	-29,812	440,179	-584,418	679,400	-431,197	665,455
overdraft
change in cash	-494,691	973,160	56,509	248,546	-237,795	80,938	915,604	275,835	-381,330	-29,812	440,179	-584,418	679,400	-431,197	665,455

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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K B REFRIGERATION LIMITED group structure

K B Refrigeration Limited has no subsidiary companies.

Ultimate parent company

LONGDON ESTATES LIMITED

00502673

CARTER THERMAL INDUSTRIES LIMITED

00402454

2 parents

K B REFRIGERATION LIMITED

SC102356

K B REFRIGERATION LIMITED Shareholders

carter thermal industries

100%

K B Refrigeration Limited currently has 5 directors. The longest serving directors include Mr John Scott (Apr 1999) and Mr Barclay Feeney (Feb 2008).

officer	country	age	start	end	role
Mr John Scott	United Kingdom	62 years	Apr 1999	-	Director
Mr Barclay Feeney		63 years	Feb 2008	-	Director
Mr Christopher Hufflett	United Kingdom	62 years	Jan 2018	-	Director
Mr Peter Madelin	United Kingdom	56 years	Sep 2021	-	Director
Mr James Anderson	England	57 years	Feb 2025	-	Director

P&L

December 2023

turnover

17m

-27%

operating profit

853.4k

-10%

gross margin

29.7%

-6.87%

turnover

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

Balance Sheet

December 2023

net assets

7.6m

+0.1%

total assets

11.1m

+0.05%

cash

2.2m

-0.19%

net assets

Total assets minus all liabilities

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company number

SC102356

Type

Private limited with Share Capital

industry

33190 - Repair of other equipment

33200 - Installation of industrial machinery and equipment

incorporation date

December 1986

ultimate parent company

LONGDON ESTATES LIMITED

previous names

N/A

address

31/33 colquhoun avenue, hillington park, glasgow, G52 4BN

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 k b refrigeration limited. Currently there are 1 open charges and 1 have been satisfied in the past.

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k b refrigeration limited Company Information

k b refrigeration limited Estimated Valuation

k b refrigeration limited Estimated Valuation

k b refrigeration limited Estimated Valuation

K B Refrigeration Limited Overview

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K B REFRIGERATION LIMITED financials

k b refrigeration limited Credit Report and Business Information

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k b refrigeration limited Ownership

k b refrigeration limited directors

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