Ace Forwarding Limited

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ace forwarding limited Company Information

Live

MatureMidHealthy

Company Number

SC166831

Next Accounts

52 days late

Industry

Unlicensed Carriers

Directors

Terence Cobban

Edward Arnott

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Shareholders

terence robert cobban

Group Structure

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Contact

Registered Address

28 albyn place, aberdeen, AB10 1YL

Website

www.ace-forwarding.com

ace forwarding limited Estimated Valuation

£3.9m

Pomanda estimates the enterprise value of ACE FORWARDING LIMITED at £3.9m based on Net Assets of £947.3k and 4.1x industry multiple (adjusted for liquidity).

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Ace Forwarding Limited is a live company located in aberdeen, AB10 1YL with a Companies House number of SC166831. It operates in the other postal and courier activities sector, SIC Code 53202. Founded in July 1996, it's largest shareholder is terence robert cobban with a 100% stake. Ace Forwarding Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Ace Forwarding Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

4 Regular

4 Weak

Size

annual sales of £6.9m, make it larger than the average company (£248.4k)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (7.6%)

EXPORT

Ace Forwarding Limited's latest turnover from December 2022 is estimated at £6.9 million and the company has net assets of £947.3 thousand. According to their latest financial statements, Ace Forwarding Limited has 52 employees and maintains cash reserves of £3.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	6,877,783	7,263,889	6,692,586	5,983,384	8,160,829	7,560,146	6,469,105	6,926,933	11,303,649	13,237,963	12,612,317	10,756,174	8,014,346	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,756,118	5,228,351	4,709,724	4,278,374	5,337,497	5,141,480	4,311,415	4,800,307	8,315,981	9,735,605	9,348,332	7,616,306	5,509,756	0
Gross Profit	2,121,664	2,035,538	1,982,862	1,705,010	2,823,332	2,418,666	2,157,690	2,126,626	2,987,667	3,502,358	3,263,984	3,139,868	2,504,590	0
Admin Expenses	2,078,449	1,836,882	1,975,406	1,381,535	2,684,579	2,191,005	2,227,936	2,401,247	2,946,437	3,710,895	3,335,478	2,943,059	2,574,389	-983,276
Operating Profit	43,215	198,656	7,456	323,475	138,753	227,661	-70,246	-274,621	41,230	-208,537	-71,494	196,809	-69,799	983,276
Interest Payable	27,284	21,931	23,743	46,069	46,553	32,209	35,463	17,951	0	0	4,394	12,966	18,581	10,008
Interest Receivable	678	130	74	579	297	15	9	29	27	86	90	26	25	13
Pre-Tax Profit	16,609	176,856	-16,214	277,985	92,496	195,468	-105,700	-292,543	41,257	-208,451	-75,798	183,869	-88,354	973,281
Tax	-3,156	-33,603	0	-52,817	-17,574	-37,139	0	0	-8,664	0	0	-47,806	0	-272,519
Profit After Tax	13,453	143,253	-16,214	225,168	74,922	158,329	-105,700	-292,543	32,593	-208,451	-75,798	136,063	-88,354	700,762
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	13,453	143,253	-16,214	225,168	74,922	158,329	-105,700	-292,543	32,593	-208,451	-75,798	136,063	-88,354	700,762
Employee Costs	1,677,500	1,628,761	1,579,850	1,645,307	1,761,993	1,847,160	1,776,420	1,781,106	1,574,944	2,039,176	1,927,988	1,740,096	1,326,536	0
Number Of Employees	52	54	54	66	64	60	52	52	47	64	64	59	47	0
EBITDA*	164,175	310,337	108,460	422,701	231,111	325,513	30,104	-172,038	140,742	-105,601	32,982	299,774	14,155	1,046,111

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	1,759,936	1,815,159	2,157,851	2,175,539	2,101,633	2,136,518	2,180,579	2,126,428	2,180,067	2,150,156	1,929,542	1,892,839	1,887,001	1,900,431
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,759,936	1,815,159	2,157,851	2,175,539	2,101,633	2,136,518	2,180,579	2,126,428	2,180,067	2,150,156	1,929,542	1,892,839	1,887,001	1,900,431
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	916,210	908,619	760,938	755,764	1,155,179	967,974	801,215	670,647	1,037,981	1,041,481	1,051,147	1,282,980	948,169	889,651
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	503,215	477,668	449,656	446,053	485,458	546,492	498,930	305,483	0	0	0	0	0	0
Cash	3,148	35,579	68,671	78,749	75,717	3,430	2,723	4,499	7,050	3,583	30,748	5,305	5,063	5,063
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,422,573	1,421,866	1,279,265	1,280,566	1,716,354	1,517,896	1,302,868	980,629	1,045,031	1,045,064	1,081,895	1,288,285	953,232	894,714
total assets	3,182,509	3,237,025	3,437,116	3,456,105	3,817,987	3,654,414	3,483,447	3,107,057	3,225,098	3,195,220	3,011,437	3,181,124	2,840,233	2,795,145
Bank overdraft	0	0	0	0	0	38,018	333,860	241,805	0	0	0	0	0	0
Bank loan	46,508	58,895	64,958	46,383	26,000	0	0	0	0	0	0	0	0	0
Trade Creditors	577,367	480,289	452,383	428,928	690,240	655,098	477,571	533,973	1,550,666	1,531,326	1,548,181	1,373,107	1,108,217	892,725
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	599,713	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,301,386	1,374,985	1,301,369	1,262,132	1,070,276	1,557,486	1,458,800	995,961	0	0	0	0	0	0
total current liabilities	1,925,261	1,914,169	1,818,710	1,737,443	2,386,229	2,250,602	2,270,231	1,771,739	1,550,666	1,531,326	1,548,181	1,373,107	1,108,217	892,725
loans	210,353	258,639	319,301	347,833	345,082	370,540	248,624	310,523	0	0	0	135,210	263,758	307,952
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	73,512	100,561	55,672	85,240	25,098	45,483	74,827	33,607	441,070	477,585	76,705	194,206	131,790	158,856
provisions	26,105	29,831	25,888	51,830	52,987	56,451	79,642	75,365	24,996	10,536	2,327	18,579	12,509	23,299
total long term liabilities	309,970	389,031	400,861	484,903	423,167	472,474	403,093	419,495	466,066	488,121	79,032	347,995	408,057	490,107
total liabilities	2,235,231	2,303,200	2,219,571	2,222,346	2,809,396	2,723,076	2,673,324	2,191,234	2,016,732	2,019,447	1,627,213	1,721,102	1,516,274	1,382,832
net assets	947,278	933,825	1,217,545	1,233,759	1,008,591	931,338	810,123	915,823	1,208,366	1,175,773	1,384,224	1,460,022	1,323,959	1,412,313
total shareholders funds	947,278	933,825	1,217,545	1,233,759	1,008,591	931,338	810,123	915,823	1,208,366	1,175,773	1,384,224	1,460,022	1,323,959	1,412,313

	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	43,215	198,656	7,456	323,475	138,753	227,661	-70,246	-274,621	41,230	-208,537	-71,494	196,809	-69,799	983,276
Depreciation	120,960	111,681	101,004	99,226	92,358	97,852	100,350	102,583	99,512	102,936	104,476	102,965	83,954	62,835
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-3,156	-33,603	0	-52,817	-17,574	-37,139	0	0	-8,664	0	0	-47,806	0	-272,519
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	33,138	175,693	8,777	-438,820	126,171	214,321	324,015	-61,851	-3,500	-9,666	-231,833	334,811	58,518	889,651
Creditors	97,078	27,906	23,455	-261,312	35,142	177,527	-56,402	-1,016,693	19,340	-16,855	175,074	264,890	215,492	892,725
Accruals and Deferred Income	-73,599	73,616	39,237	191,856	-487,210	98,686	462,839	995,961	0	0	0	0	0	0
Deferred Taxes & Provisions	-3,726	3,943	-25,942	-1,157	-3,464	-23,191	4,277	50,369	14,460	8,209	-16,252	6,070	-10,790	23,299
Cash flow from operations	147,634	206,506	136,433	738,091	-368,166	327,075	116,803	-80,550	169,378	-104,581	423,637	188,117	160,339	799,965
Investing Activities
capital expenditure	-65,737	231,011	-83,316	-173,132	-57,473	-53,791	-154,501	-48,944	-129,423	-323,550	-141,179	-108,803	-70,524	-1,963,266
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-65,737	231,011	-83,316	-173,132	-57,473	-53,791	-154,501	-48,944	-129,423	-323,550	-141,179	-108,803	-70,524	-1,963,266
Financing Activities
Bank loans	-12,387	-6,063	18,575	20,383	26,000	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-599,713	599,713	0	0	0	0	0	0	0	0	0
Long term loans	-48,286	-60,662	-28,532	2,751	-25,458	121,916	-61,899	310,523	0	0	-135,210	-128,548	-44,194	307,952
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-27,049	44,889	-29,568	60,142	-20,385	-29,344	41,220	-407,463	-36,515	400,880	-117,501	62,416	-27,066	158,856
share issue	0	-426,973	0	0	2,331	-37,114	0	0	0	0	0	0	0	711,551
interest	-26,606	-21,801	-23,669	-45,490	-46,256	-32,194	-35,454	-17,922	27	86	-4,304	-12,940	-18,556	-9,995
cash flow from financing	-114,328	-470,610	-63,194	-561,927	535,945	23,264	-56,133	-114,862	-36,488	400,966	-257,015	-79,072	-89,816	1,168,364
cash and cash equivalents
cash	-32,431	-33,092	-10,078	3,032	72,287	707	-1,776	-2,551	3,467	-27,165	25,443	242	0	5,063
overdraft	0	0	0	0	-38,018	-295,842	92,055	241,805	0	0	0	0	0	0
change in cash	-32,431	-33,092	-10,078	3,032	110,305	296,549	-93,831	-244,356	3,467	-27,165	25,443	242	0	5,063

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ACE FORWARDING LIMITED group structure

Ace Forwarding Limited has no subsidiary companies.

Ultimate parent company

ACE FORWARDING LIMITED

SC166831

ACE FORWARDING LIMITED Shareholders

terence robert cobban

100%

Ace Forwarding Limited currently has 3 directors. The longest serving directors include Mr Terence Cobban (Sep 1996) and Mr Edward Arnott (Aug 2017).

officer	country	age	start	end	role
Mr Terence Cobban	United Kingdom	62 years	Sep 1996	-	Director
Mr Edward Arnott	United Kingdom	49 years	Aug 2017	-	Director
Mr David Lawson	United Kingdom	59 years	Sep 2022	-	Director

P&L

December 2022

turnover

6.9m

-5%

operating profit

43.2k

gross margin

30.9%

+10.08%

turnover

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

Balance Sheet

December 2022

net assets

947.3k

+0.01%

total assets

3.2m

-0.02%

cash

3.1k

-0.91%

net assets

Total assets minus all liabilities

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company number

SC166831

Type

Private limited with Share Capital

industry

53202 - Unlicensed Carriers

incorporation date

July 1996

ultimate parent company

None

previous names

bonsquare 509 limited (September 1996)

address

28 albyn place, aberdeen, AB10 1YL

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 ace forwarding limited.

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ace forwarding limited Estimated Valuation

ace forwarding limited Estimated Valuation

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