cannontech limited

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cannontech limited Company Information

Share CANNONTECH LIMITED

Company Number

SC139593

Shareholders

cannon technologies europe ltd

Group Structure

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Industry

Repair of computers and peripheral equipment

 

Registered Address

272 bath street, glasgow, G2 4JR

cannontech limited Estimated Valuation

£130.2k

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

£78.4k

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

£0

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

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £418.7k, make it larger than the average company (£241k)

£418.7k - Cannontech Limited

£241k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (9.5%)

36% - Cannontech Limited

9.5% - Industry AVG

production

Production

with a gross margin of 39.4%, this company has a comparable cost of product (39.4%)

39.4% - Cannontech Limited

39.4% - Industry AVG

profitability

Profitability

an operating margin of 4.8% make it more profitable than the average company (3.6%)

4.8% - Cannontech Limited

3.6% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (4)

1 - Cannontech Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £26.9k, the company has an equivalent pay structure (£26.9k)

£26.9k - Cannontech Limited

£26.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £418.7k, this is more efficient (£96.2k)

£418.7k - Cannontech Limited

£96.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 74 days, this is later than average (55 days)

74 days - Cannontech Limited

55 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 110 days, this is slower than average (36 days)

110 days - Cannontech Limited

36 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Cannontech Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Jun 2015Dec 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover418,69453,785268,978167,917202,005375,036236,812422,127461,443166,795661,556520,743680,978742,927474,899
Other Income Or Grants
Cost Of Sales253,93433,936186,834100,051116,813203,445127,831337,013384,313134,698568,323341,454366,914481,727383,821
Gross Profit164,76119,84982,14467,86785,191171,591108,98285,11477,13032,09793,233179,289314,064261,20091,078
Admin Expenses144,655-10,72861,16159,053113,935177,436120,56361,820155,98331,598221,169111,169119,234160,69577,034
Operating Profit20,10630,57720,9838,814-28,744-5,845-11,58123,294-78,853499-127,93668,120194,830100,50514,044
Interest Payable711941
Interest Receivable1,5871,2781242611663158
Pre-Tax Profit21,69331,85621,1078,840-28,628-5,782-11,42323,294-78,853499-127,93668,120194,830100,50514,044
Tax-5,423-6,053-4,010-1,680
Profit After Tax16,27025,80317,0977,160-28,628-5,782-11,42323,294-78,853499-127,93668,120194,830100,50514,044
Dividends Paid
Retained Profit16,27025,80317,0977,160-28,628-5,782-11,42323,294-78,853499-127,93668,120194,830100,50514,044
Employee Costs26,93129,85724,06482,87633,28527,90552,81452,04452,42991,754263,17340,930
Number Of Employees111311222310810117
EBITDA*20,10630,57720,9838,814-28,744-5,845-11,58123,294-78,853499-127,93668,120196,062101,75315,292

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Jun 2015Dec 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets1,2322,480
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1,2322,480
Stock & work in progress38,16768,39082,49860,343
Trade Debtors85,5807,27169,59944,31637,56571,51134,21350,76793,168253,35991,942189,790302,716296,482210,558
Group Debtors250,354120,00020,000195,66941,769
Misc Debtors57,57257,57257,57257,572117,1671,7075,024205,026152,5338,280
Cash56,4534,01869,02930,55720,53410,3676,53956,7334,2585,06524,28712,8595,31024,84021,105
misc current assets
total current assets199,60568,861196,200132,44558,09981,87840,752107,50097,426625,945237,936265,840777,111598,122300,286
total assets199,60568,861196,200132,44558,09981,87840,752107,50097,426625,945237,936265,840777,111599,354302,766
Bank overdraft
Bank loan
Trade Creditors 76,788523736,493508,961268,31452,73224,14530,58911,727
Group/Directors Accounts243,199231,935361,982318,361248,971252,446206,655261,122228,76337,34444,877
other short term finances
hp & lease commitments
other current liabilities29,9433,46926,61623,20625,78317,45916,34217,20056,286232,24747,95812,15415,82330,82119,542
total current liabilities349,930235,456388,598341,940274,754269,905222,997278,322291,542741,208316,27264,88639,96898,75476,146
loans37,426188,780793,089751,376577,901
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities37,426188,780793,089751,376577,901
total liabilities349,930235,456388,598341,940274,754269,905222,997278,322291,542741,208353,698253,666833,057850,130654,047
net assets-150,325-166,595-192,398-209,495-216,655-188,027-182,245-170,822-194,116-115,263-115,76212,174-55,946-250,776-351,281
total shareholders funds-150,325-166,595-192,398-209,495-216,655-188,027-182,245-170,822-194,116-115,263-115,76212,174-55,946-250,776-351,281
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Jun 2015Dec 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit20,10630,57720,9838,814-28,744-5,845-11,58123,294-78,853499-127,93668,120194,830100,50514,044
Depreciation1,2321,2481,248
Amortisation
Tax-5,423-6,053-4,010-1,680
Stock-38,167-30,223-14,10822,15560,343
Debtors78,309-62,32825,28364,323-33,94637,298-16,554-42,401-120,481407,231-1,165-488,597212,627271,946218,838
Creditors76,73652-373373-6,493-261,821240,647215,58228,587-6,44418,86211,727
Accruals and Deferred Income26,474-23,1473,410-2,5778,3241,117-858-39,0868,328184,28935,804-3,669-14,99811,27919,542
Deferred Taxes & Provisions
Cash flow from operations39,58463,757-5,273-59,39313,526-42,0264,11520,116-211,86518,204162,782611,858-23,899-162,207-232,620
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts11,264-130,04743,62169,390-3,47545,791-54,46732,359228,763-37,344-7,53344,877
Other Short Term Loans
Long term loans-37,426-37,426-151,354-604,30941,713173,475577,901
Hire Purchase and Lease Commitments
other long term liabilities
share issue499-365,325
interest1,5871,2781242611663158-711-941
cash flow from financing12,851-128,76943,74569,416-3,35945,854-54,30932,359191,836-37,426-151,354-604,3094,369165,231256,512
cash and cash equivalents
cash52,435-65,01138,47210,02310,1673,828-50,19452,475-20,029-19,22211,4287,549-19,5303,73521,105
overdraft
change in cash52,435-65,01138,47210,02310,1673,828-50,19452,475-20,029-19,22211,4287,549-19,5303,73521,105

cannontech limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Cannontech Limited Competitor Analysis

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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 Shareholders

cannon technologies europe ltd 100%

cannontech limited directors

Cannontech Limited currently has 1 director, Mr Matthew Goulding serving since Aug 2008.

officercountryagestartendrole
Mr Matthew GouldingUnited Kingdom62 years Aug 2008- Director

P&L

December 2023

turnover

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 2023

net 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 more

accountant

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

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