cannontech limited
cannontech limited Company Information
Company Number
SC139593
Next Accounts
Sep 2025
Directors
Shareholders
cannon technologies europe ltd
Group Structure
View All
Industry
Repair of computers and peripheral equipment
Registered Address
272 bath street, glasgow, G2 4JR
Website
www.cannontech.co.ukcannontech limited Estimated Valuation
Pomanda estimates the enterprise value of CANNONTECH LIMITED at £130.2k based on a Turnover of £418.7k and 0.31x industry multiple (adjusted for size and gross margin).
cannontech limited Estimated Valuation
Pomanda estimates the enterprise value of CANNONTECH LIMITED at £78.4k based on an EBITDA of £20.1k and a 3.9x industry multiple (adjusted for size and gross margin).
cannontech limited Estimated Valuation
Pomanda estimates the enterprise value of CANNONTECH LIMITED at £0 based on Net Assets of £-150.3k and 2.51x industry multiple (adjusted for liquidity).
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Cannontech Limited Overview
Cannontech Limited is a live company located in glasgow, G2 4JR with a Companies House number of SC139593. It operates in the repair of computers and peripheral equipment sector, SIC Code 95110. Founded in August 1992, it's largest shareholder is cannon technologies europe ltd with a 100% stake. Cannontech Limited is a mature, micro sized company, Pomanda has estimated its turnover at £418.7k with rapid growth in recent years.
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Cannontech Limited Health Check
Pomanda's financial health check has awarded Cannontech Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £418.7k, make it larger than the average company (£241k)
- Cannontech Limited
£241k - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (9.5%)
- Cannontech Limited
9.5% - Industry AVG
Production
with a gross margin of 39.4%, this company has a comparable cost of product (39.4%)
- Cannontech Limited
39.4% - Industry AVG
Profitability
an operating margin of 4.8% make it more profitable than the average company (3.6%)
- Cannontech Limited
3.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Cannontech Limited
4 - Industry AVG
Pay Structure
on an average salary of £26.9k, the company has an equivalent pay structure (£26.9k)
- Cannontech Limited
£26.9k - Industry AVG
Efficiency
resulting in sales per employee of £418.7k, this is more efficient (£96.2k)
- Cannontech Limited
£96.2k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (55 days)
- Cannontech Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 110 days, this is slower than average (36 days)
- Cannontech Limited
36 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Cannontech Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (10 weeks)
8 weeks - Cannontech Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 175.3%, this is a higher level of debt than the average (78.6%)
175.3% - Cannontech Limited
78.6% - Industry AVG
CANNONTECH LIMITED financials
Cannontech Limited's latest turnover from December 2023 is estimated at £418.7 thousand and the company has net assets of -£150.3 thousand. According to their latest financial statements, Cannontech Limited has 1 employee and maintains cash reserves of £56.5 thousand 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 | Jun 2015 | Dec 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 422,127 | 461,443 | 166,795 | 661,556 | 520,743 | 680,978 | 742,927 | 474,899 | |||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 337,013 | 384,313 | 134,698 | 568,323 | 341,454 | 366,914 | 481,727 | 383,821 | |||||||
| Gross Profit | 85,114 | 77,130 | 32,097 | 93,233 | 179,289 | 314,064 | 261,200 | 91,078 | |||||||
| Admin Expenses | 61,820 | 155,983 | 31,598 | 221,169 | 111,169 | 119,234 | 160,695 | 77,034 | |||||||
| Operating Profit | 23,294 | -78,853 | 499 | -127,936 | 68,120 | 194,830 | 100,505 | 14,044 | |||||||
| Interest Payable | 711 | 941 | |||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 23,294 | -78,853 | 499 | -127,936 | 68,120 | 194,830 | 100,505 | 14,044 | |||||||
| Tax | |||||||||||||||
| Profit After Tax | 23,294 | -78,853 | 499 | -127,936 | 68,120 | 194,830 | 100,505 | 14,044 | |||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 23,294 | -78,853 | 499 | -127,936 | 68,120 | 194,830 | 100,505 | 14,044 | |||||||
| Employee Costs | 40,930 | ||||||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | |||||||
| EBITDA* | 23,294 | -78,853 | 499 | -127,936 | 68,120 | 196,062 | 101,753 | 15,292 |
* 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 | Jun 2015 | Dec 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,232 | 2,480 | |||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,232 | 2,480 | |||||||||||||
| Stock & work in progress | 38,167 | 68,390 | 82,498 | 60,343 | |||||||||||
| Trade Debtors | 85,580 | 7,271 | 69,599 | 44,316 | 37,565 | 71,511 | 34,213 | 50,767 | 93,168 | 253,359 | 91,942 | 189,790 | 302,716 | 296,482 | 210,558 |
| Group Debtors | 250,354 | 120,000 | 20,000 | 195,669 | 41,769 | ||||||||||
| Misc Debtors | 57,572 | 57,572 | 57,572 | 57,572 | 117,167 | 1,707 | 5,024 | 205,026 | 152,533 | 8,280 | |||||
| Cash | 56,453 | 4,018 | 69,029 | 30,557 | 20,534 | 10,367 | 6,539 | 56,733 | 4,258 | 5,065 | 24,287 | 12,859 | 5,310 | 24,840 | 21,105 |
| misc current assets | |||||||||||||||
| total current assets | 199,605 | 68,861 | 196,200 | 132,445 | 58,099 | 81,878 | 40,752 | 107,500 | 97,426 | 625,945 | 237,936 | 265,840 | 777,111 | 598,122 | 300,286 |
| total assets | 199,605 | 68,861 | 196,200 | 132,445 | 58,099 | 81,878 | 40,752 | 107,500 | 97,426 | 625,945 | 237,936 | 265,840 | 777,111 | 599,354 | 302,766 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 76,788 | 52 | 373 | 6,493 | 508,961 | 268,314 | 52,732 | 24,145 | 30,589 | 11,727 | |||||
| Group/Directors Accounts | 243,199 | 231,935 | 361,982 | 318,361 | 248,971 | 252,446 | 206,655 | 261,122 | 228,763 | 37,344 | 44,877 | ||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 29,943 | 3,469 | 26,616 | 23,206 | 25,783 | 17,459 | 16,342 | 17,200 | 56,286 | 232,247 | 47,958 | 12,154 | 15,823 | 30,821 | 19,542 |
| total current liabilities | 349,930 | 235,456 | 388,598 | 341,940 | 274,754 | 269,905 | 222,997 | 278,322 | 291,542 | 741,208 | 316,272 | 64,886 | 39,968 | 98,754 | 76,146 |
| loans | 37,426 | 188,780 | 793,089 | 751,376 | 577,901 | ||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 37,426 | 188,780 | 793,089 | 751,376 | 577,901 | ||||||||||
| total liabilities | 349,930 | 235,456 | 388,598 | 341,940 | 274,754 | 269,905 | 222,997 | 278,322 | 291,542 | 741,208 | 353,698 | 253,666 | 833,057 | 850,130 | 654,047 |
| net assets | -150,325 | -166,595 | -192,398 | -209,495 | -216,655 | -188,027 | -182,245 | -170,822 | -194,116 | -115,263 | -115,762 | 12,174 | -55,946 | -250,776 | -351,281 |
| total shareholders funds | -150,325 | -166,595 | -192,398 | -209,495 | -216,655 | -188,027 | -182,245 | -170,822 | -194,116 | -115,263 | -115,762 | 12,174 | -55,946 | -250,776 | -351,281 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Jun 2015 | Dec 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 23,294 | -78,853 | 499 | -127,936 | 68,120 | 194,830 | 100,505 | 14,044 | |||||||
| Depreciation | 1,232 | 1,248 | 1,248 | ||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -38,167 | -30,223 | -14,108 | 22,155 | 60,343 | ||||||||||
| Debtors | 78,309 | -62,328 | 25,283 | 64,323 | -33,946 | 37,298 | -16,554 | -42,401 | -120,481 | 407,231 | -1,165 | -488,597 | 212,627 | 271,946 | 218,838 |
| Creditors | 76,736 | 52 | -373 | 373 | -6,493 | -261,821 | 240,647 | 215,582 | 28,587 | -6,444 | 18,862 | 11,727 | |||
| Accruals and Deferred Income | 26,474 | -23,147 | 3,410 | -2,577 | 8,324 | 1,117 | -858 | -39,086 | 8,328 | 184,289 | 35,804 | -3,669 | -14,998 | 11,279 | 19,542 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 20,116 | -211,865 | 18,204 | 162,782 | 611,858 | -23,899 | -162,207 | -232,620 | |||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 11,264 | -130,047 | 43,621 | 69,390 | -3,475 | 45,791 | -54,467 | 32,359 | 228,763 | -37,344 | -7,533 | 44,877 | |||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -37,426 | -37,426 | -151,354 | -604,309 | 41,713 | 173,475 | 577,901 | ||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -711 | -941 | |||||||||||||
| cash flow from financing | 32,359 | 191,836 | -37,426 | -151,354 | -604,309 | 4,369 | 165,231 | 256,512 | |||||||
| cash and cash equivalents | |||||||||||||||
| cash | 52,435 | -65,011 | 38,472 | 10,023 | 10,167 | 3,828 | -50,194 | 52,475 | -20,029 | -19,222 | 11,428 | 7,549 | -19,530 | 3,735 | 21,105 |
| overdraft | |||||||||||||||
| change in cash | 52,435 | -65,011 | 38,472 | 10,023 | 10,167 | 3,828 | -50,194 | 52,475 | -20,029 | -19,222 | 11,428 | 7,549 | -19,530 | 3,735 | 21,105 |
cannontech limited Credit Report and Business Information
Cannontech Limited Competitor Analysis
Perform a competitor analysis for cannontech limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in G 2 area or any other competitors across 12 key performance metrics.
cannontech limited Ownership
CANNONTECH LIMITED group structure
Cannontech Limited has no subsidiary companies.
Ultimate parent company
2 parents
CANNONTECH LIMITED
SC139593
cannontech limited directors
Cannontech Limited currently has 1 director, Mr Matthew Goulding serving since Aug 2008.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Goulding | United Kingdom | 62 years | Aug 2008 | - | Director |
P&L
December 2023turnover
418.7k
+678%
operating profit
20.1k
0%
gross margin
39.4%
+6.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-150.3k
-0.1%
total assets
199.6k
+1.9%
cash
56.5k
+13.05%
net assets
Total assets minus all liabilities
cannontech limited company details
company number
SC139593
Type
Private limited with Share Capital
industry
95110 - Repair of computers and peripheral equipment
incorporation date
August 1992
age
33
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
uk rak limited (January 2008)
stanwyck limited (September 2002)
See moreaccountant
SIMPSON WREFORD AND PARTNERS
auditor
-
address
272 bath street, glasgow, G2 4JR
Bank
ALLIED IRISH BANK
Legal Advisor
-
cannontech 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 found 6 charges/mortgages relating to cannontech limited. Currently there are 2 open charges and 4 have been satisfied in the past.
cannontech 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.
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cannontech limited Companies House Filings - See Documents
| date | description | view/download |
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