avanteq limited
avanteq limited Company Information
Company Number
SC173584
Next Accounts
1224 days late
Shareholders
patricia mary mckay
ascari holdings ltd
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
anderson anderson & brown llp ki, prime four business park, kingswells, aberdeen, AB15 8PU
Website
www.avanteq.comavanteq limited Estimated Valuation
Pomanda estimates the enterprise value of AVANTEQ LIMITED at £9.8m based on a Turnover of £10.9m and 0.89x industry multiple (adjusted for size and gross margin).
avanteq limited Estimated Valuation
Pomanda estimates the enterprise value of AVANTEQ LIMITED at £0 based on an EBITDA of £-54.4k and a 5.27x industry multiple (adjusted for size and gross margin).
avanteq limited Estimated Valuation
Pomanda estimates the enterprise value of AVANTEQ LIMITED at £4.9m based on Net Assets of £2.2m and 2.27x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Avanteq Limited Overview
Avanteq Limited is a live company located in kingswells, AB15 8PU with a Companies House number of SC173584. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in March 1997, it's largest shareholder is patricia mary mckay with a 51.5% stake. Avanteq Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.9m with declining growth in recent years.
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Avanteq Limited Health Check
Pomanda's financial health check has awarded Avanteq Limited a 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 £10.9m, make it larger than the average company (£933.5k)
- Avanteq Limited
£933.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (3.9%)
- Avanteq Limited
3.9% - Industry AVG
Production
with a gross margin of 39.7%, this company has a comparable cost of product (39.7%)
- Avanteq Limited
39.7% - Industry AVG
Profitability
an operating margin of -0.6% make it less profitable than the average company (5.7%)
- Avanteq Limited
5.7% - Industry AVG
Employees
with 6 employees, this is below the industry average (16)
6 - Avanteq Limited
16 - Industry AVG
Pay Structure
on an average salary of £29.6k, the company has an equivalent pay structure (£29.6k)
- Avanteq Limited
£29.6k - Industry AVG
Efficiency
resulting in sales per employee of £1.8m, this is more efficient (£85.3k)
- Avanteq Limited
£85.3k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is later than average (31 days)
- Avanteq Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 54 days, this is slower than average (38 days)
- Avanteq Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Avanteq Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (36 weeks)
47 weeks - Avanteq Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.3%, this is a lower level of debt than the average (49.5%)
33.3% - Avanteq Limited
49.5% - Industry AVG
AVANTEQ LIMITED financials
Avanteq Limited's latest turnover from December 2019 is estimated at £10.9 million and the company has net assets of £2.2 million. According to their latest financial statements, Avanteq Limited has 6 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,294,466 | 24,255,288 | 36,189,782 | 45,436,358 | 42,348,331 | 41,980,052 | 34,854,070 | 26,948,997 | 22,208,799 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 10,228,884 | 22,171,720 | 33,064,045 | 41,622,468 | 39,642,847 | 38,863,173 | 32,238,159 | 24,914,465 | 20,472,789 | ||
| Gross Profit | 1,065,582 | 2,083,568 | 3,125,737 | 3,813,890 | 2,705,484 | 3,116,879 | 2,615,911 | 2,034,532 | 1,736,010 | ||
| Admin Expenses | 1,141,517 | 1,647,590 | 2,025,812 | 2,331,397 | 2,125,679 | 2,129,059 | 1,813,348 | 1,648,168 | 1,599,117 | ||
| Operating Profit | -75,935 | 435,978 | 1,099,925 | 1,482,493 | 579,805 | 987,820 | 802,563 | 386,364 | 136,893 | ||
| Interest Payable | 1,330 | 9,420 | 36,904 | 72,569 | 81,538 | 79,209 | 72,426 | 45,711 | 39,127 | ||
| Interest Receivable | 1,325 | 2,746 | 46,065 | 1,123 | 904 | 479 | 245 | 815 | 753 | ||
| Pre-Tax Profit | -75,940 | 429,304 | 1,109,086 | 1,411,047 | 499,171 | 909,090 | 730,382 | 341,468 | 98,519 | ||
| Tax | 632,402 | -91,608 | -290,674 | -299,653 | -147,690 | -116,344 | -94,076 | -25,090 | -18,194 | ||
| Profit After Tax | 556,462 | 337,696 | 818,412 | 1,111,394 | 351,481 | 792,746 | 636,306 | 316,378 | 80,325 | ||
| Dividends Paid | 0 | 400,000 | 600,000 | 600,000 | 485,502 | 397,143 | 220,000 | 300,000 | 0 | ||
| Retained Profit | 556,462 | -62,304 | 218,412 | 511,394 | -134,021 | 395,603 | 416,306 | 16,378 | 80,325 | ||
| Employee Costs | 726,811 | 925,002 | 1,019,915 | 1,370,729 | 1,295,714 | 1,227,176 | 1,078,311 | 924,246 | 860,377 | ||
| Number Of Employees | 6 | 6 | 10 | 21 | 28 | 27 | 25 | 26 | 24 | 23 | 23 |
| EBITDA* | -53,447 | 491,155 | 1,166,089 | 1,553,246 | 656,254 | 1,049,205 | 843,629 | 430,469 | 192,626 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 44,674 | 56,301 | 15,240 | 90,213 | 145,167 | 178,048 | 221,594 | 280,447 | 151,797 | 139,355 | 149,957 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 44,674 | 56,301 | 15,240 | 90,213 | 145,167 | 178,048 | 221,594 | 280,447 | 151,797 | 139,355 | 149,957 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,085,805 | 1,170,782 | 980,691 | 3,974,050 | 5,721,525 | 8,166,438 | 7,623,141 | 8,593,385 | 8,264,168 | 6,534,305 | 3,891,885 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 130,698 | 184,558 | 546,337 | 324,351 | 434,247 | 774,956 | 636,433 | 453,342 | 487,774 | 342,830 | 264,705 |
| Cash | 1,003,128 | 1,539,582 | 1,822,338 | 978,098 | 547,152 | 134,626 | 174,243 | 161,267 | 126,206 | 65,333 | 312,874 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,219,631 | 2,894,922 | 3,349,366 | 5,276,499 | 6,702,924 | 9,076,020 | 8,433,817 | 9,207,994 | 8,878,148 | 6,942,468 | 4,469,464 |
| total assets | 3,264,305 | 2,951,223 | 3,364,606 | 5,366,712 | 6,848,091 | 9,254,068 | 8,655,411 | 9,488,441 | 9,029,945 | 7,081,823 | 4,619,421 |
| Bank overdraft | 0 | 0 | 0 | 304,036 | 768,020 | 1,763,459 | 1,921,926 | 2,976,026 | 2,700,538 | 2,991,268 | 1,299,286 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 979,020 | 650,491 | 551,064 | 1,727,549 | 2,382,354 | 3,630,056 | 3,269,035 | 3,328,380 | 3,509,178 | 2,510,143 | 1,997,384 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23,465 | 37,230 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 108,183 | 64,925 | 203,415 | 1,281,462 | 1,581,748 | 1,962,996 | 2,078,286 | 1,460,755 | 1,463,268 | 626,476 | 426,186 |
| total current liabilities | 1,087,203 | 715,416 | 754,479 | 3,313,047 | 4,732,122 | 7,356,511 | 7,269,247 | 7,765,161 | 7,696,449 | 6,165,117 | 3,722,856 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,095 | 8,914 | 8,430 | 4,667 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,095 | 8,914 | 8,430 | 4,667 |
| total liabilities | 1,087,203 | 715,416 | 754,479 | 3,313,047 | 4,732,122 | 7,356,511 | 7,269,247 | 7,768,256 | 7,705,363 | 6,173,547 | 3,727,523 |
| net assets | 2,177,102 | 2,235,807 | 2,610,127 | 2,053,665 | 2,115,969 | 1,897,557 | 1,386,164 | 1,720,185 | 1,324,582 | 908,276 | 891,898 |
| total shareholders funds | 2,177,102 | 2,235,807 | 2,610,127 | 2,053,665 | 2,115,969 | 1,897,557 | 1,386,164 | 1,720,185 | 1,324,582 | 908,276 | 891,898 |
| 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 | -75,935 | 435,978 | 1,099,925 | 1,482,493 | 579,805 | 987,820 | 802,563 | 386,364 | 136,893 | ||
| Depreciation | 13,810 | 17,007 | 22,488 | 55,177 | 66,164 | 70,753 | 76,449 | 61,385 | 41,066 | 44,105 | 55,733 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 632,402 | -91,608 | -290,674 | -299,653 | -147,690 | -116,344 | -94,076 | -25,090 | -18,194 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 861,163 | -171,688 | -2,771,373 | -1,857,371 | -2,785,622 | 681,820 | -787,153 | 294,785 | 1,874,807 | 2,720,545 | 4,156,590 |
| Creditors | 328,529 | 99,427 | -1,176,485 | -654,805 | -1,247,702 | 361,021 | -59,345 | -180,798 | 999,035 | 512,759 | 1,997,384 |
| Accruals and Deferred Income | 43,258 | -138,490 | -1,078,047 | -300,286 | -381,248 | -115,290 | 617,531 | -2,513 | 836,792 | 200,290 | 426,186 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -3,095 | -5,819 | 484 | 3,763 | 4,667 |
| Cash flow from operations | 1,095,796 | 1,301,827 | 2,032,087 | 817,504 | 1,850,808 | 448,946 | 711,057 | -1,598,354 | -1,553,921 | ||
| Investing Activities | |||||||||||
| capital expenditure | 8,951 | -223 | -34,881 | -27,236 | -17,679 | -190,035 | -53,509 | -33,504 | -2,737 | ||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 8,951 | -223 | -34,881 | -27,236 | -17,679 | -190,035 | -53,509 | -33,504 | -2,737 | ||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -23,465 | -13,765 | 37,230 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -5 | -6,674 | 9,161 | -71,446 | -80,634 | -78,730 | -72,181 | -44,896 | -38,374 | ||
| cash flow from financing | -5 | -6,674 | 9,161 | -71,447 | -280,634 | -102,195 | -85,946 | -7,666 | 773,199 | ||
| cash and cash equivalents | |||||||||||
| cash | -536,454 | -282,756 | 844,240 | 430,946 | 412,526 | -39,617 | 12,976 | 35,061 | 60,873 | -247,541 | 312,874 |
| overdraft | 0 | 0 | -304,036 | -463,984 | -995,439 | -158,467 | -1,054,100 | 275,488 | -290,730 | 1,691,982 | 1,299,286 |
| change in cash | -536,454 | -282,756 | 1,148,276 | 894,930 | 1,407,965 | 118,850 | 1,067,076 | -240,427 | 351,603 | -1,939,523 | -986,412 |
avanteq limited Credit Report and Business Information
Avanteq Limited Competitor Analysis
Perform a competitor analysis for avanteq limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in AB15 area or any other competitors across 12 key performance metrics.
avanteq limited Ownership
AVANTEQ LIMITED group structure
Avanteq Limited has no subsidiary companies.
Ultimate parent company
AVANTEQ LIMITED
SC173584
avanteq limited directors
Avanteq Limited currently has 3 directors. The longest serving directors include Mr Stuart Wilson (Nov 2015) and Ms Enya Kennedy (Jul 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stuart Wilson | Netherlands | 63 years | Nov 2015 | - | Director |
| Ms Enya Kennedy | United Kingdom | 56 years | Jul 2016 | - | Director |
| Mr Darryl McKay | England | 41 years | Nov 2017 | - | Director |
P&L
December 2019turnover
10.9m
+72%
operating profit
-68.2k
0%
gross margin
39.8%
+0.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
2.2m
-0.03%
total assets
3.3m
+0.11%
cash
1m
-0.35%
net assets
Total assets minus all liabilities
avanteq limited company details
company number
SC173584
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
March 1997
age
28
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2019
previous names
independent well technology limited (February 2003)
accountant
ANDERSON ANDERSON & BROWN
auditor
-
address
anderson anderson & brown llp ki, prime four business park, kingswells, aberdeen, AB15 8PU
Bank
BANK OF SCOTLAND
Legal Advisor
-
avanteq 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 3 charges/mortgages relating to avanteq limited. Currently there are 2 open charges and 1 have been satisfied in the past.
avanteq 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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avanteq limited Companies House Filings - See Documents
| date | description | view/download |
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