Afab Holdings Limited

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afab holdings limited Company Information

Live

MatureMid

Company Number

SC173934

Website

www.afab.co.uk

Registered Address

. links place, aberdeen, AB11 5DY

Industry

Activities of head offices

Building of ships and floating structures

Telephone

01224583898

Next Accounts Due

May 2024

Group Structure

View All

Directors

Marlene Mitchell27 Years

John Mitchell27 Years

Shareholders

macj investments limited 96.2%

steven fawcett 3.8%

afab holdings limited Estimated Valuation

£2m - £8.5m

The estimated valuation range for afab holdings limited, derived from financial data as of August 2022 and the most recent industry multiples, is between £2m to £8.5m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Afab Holdings Limited AI Business Plan

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Afab Holdings Limited is a live company located in aberdeen, AB11 5DY with a Companies House number of SC173934. It operates in the building of ships and floating structures sector, SIC Code 30110. Founded in March 1997, it's largest shareholder is macj investments limited with a 96.2% stake. Afab Holdings Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.1m with unknown growth in recent years.

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Pomanda's financial health check has awarded Afab Holdings Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

4 Regular

5 Weak

Size

annual sales of £5.1m, make it smaller than the average company (£17.7m)

Growth

There is insufficient data available for this Key Performance Indicator!

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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AFAB HOLDINGS LIMITED group structure

Afab Holdings Limited has 1 subsidiary company.

Ultimate parent company

MACJ INVESTMENTS LIMITED

SC759543

1 parent

AFAB HOLDINGS LIMITED

SC173934

1 subsidiary

REDD SCOTLAND LIMITED

SC081672

AFAB HOLDINGS LIMITED Shareholders

macj investments limited	96.24%
steven fawcett	3.76%

Afab Holdings Limited currently has 2 directors. The longest serving directors include Mrs Marlene Mitchell (Mar 1997) and Mr John Mitchell (Mar 1997).

officer	country	age	start	end	role
Mrs Marlene Mitchell	United Kingdom	69 years	Mar 1997	-	Director
Mr John Mitchell		70 years	Mar 1997	-	Director

EXPORT

Afab Holdings Limited's latest turnover from August 2022 is estimated at £5.1 million and the company has net assets of £585.6 thousand. According to their latest financial statements, Afab Holdings Limited has 57 employees and maintains cash reserves of £406.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	5,060,004	4,618,494	3,894,620	0	0	4,348,035	4,474,549	7,743,281	8,578,930	8,519,133	7,530,988	7,806,913	7,205,144
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,815,428	3,565,884	2,923,761	0	0	2,942,879	3,489,425	5,092,319	5,518,803	5,441,632	4,990,575	5,412,384	4,537,765
Gross Profit	1,244,576	1,052,610	970,859	0	0	1,405,156	985,124	2,650,962	3,060,127	3,077,501	2,540,413	2,394,529	2,667,379
Admin Expenses	818,564	816,299	773,096	1,103,795	-124,080	1,891,009	1,903,432	2,314,000	2,330,668	2,619,808	2,193,350	1,950,315	2,343,738
Operating Profit	426,012	236,311	197,763	-1,103,795	124,080	-485,853	-918,308	336,962	729,459	457,693	347,063	444,214	323,641
Interest Payable	30,454	32,676	17,633	14,800	15,977	24,313	27,935	42,431	403,931	239,213	240,275	297,570	199,982
Interest Receivable	3,573	1	0	3	2	74	2,030	1,773	483	764	81,209	548	0
Pre-Tax Profit	399,131	203,636	180,130	-1,118,592	108,105	-510,091	-944,213	296,304	326,011	219,244	187,997	147,192	123,659
Tax	-75,835	-38,691	-34,225	0	-20,540	0	127,589	-154,811	-80,736	68,084	-53,829	26,270	-57,213
Profit After Tax	323,296	164,945	145,905	-1,118,592	87,565	-510,091	-816,624	141,493	245,275	287,328	134,168	173,462	66,446
Dividends Paid	0	0	0	0	0	0	44,064	44,064	41,966	39,968	39,968	38,430	38,430
Retained Profit	323,296	164,945	145,905	-1,118,592	87,565	-510,091	-860,688	97,429	203,309	247,360	94,200	135,032	28,016
Employee Costs	2,448,567	2,234,754	2,543,759	0	0	1,353,172	2,855,873	4,084,702	4,252,245	3,829,898	3,741,555	3,754,680	2,905,403
Number Of Employees	57	55	58	0	0	34	70	72	72	70	69	71	69
EBITDA*	441,346	236,311	197,763	-1,103,795	124,080	-477,728	-816,790	442,174	833,109	529,550	394,434	474,219	365,586

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	1,100,413	1,115,252	1,112,595	0	2,552,414	2,552,414	2,676,065	2,758,111	311,015	215,993	163,152	41,576	47,565
Intangible Assets	0	0	0	0	0	0	8,125	15,625	23,125	30,625	38,125	45,625	53,125
Investments & Other	501	501	501	1,075,501	501	501	0	31,686	2,552,414	2,552,414	2,552,414	2,552,414	2,552,414
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,100,914	1,115,753	1,113,096	1,075,501	2,552,915	2,552,915	2,684,190	2,805,422	2,886,554	2,799,032	2,753,691	2,639,615	2,653,104
Stock & work in progress	10,352	11,443	35,414	0	0	0	140,429	31,986	84,036	136,753	187,270	58,500	531,050
Trade Debtors	655,869	739,787	242,356	0	0	220,969	399,117	1,656,609	1,555,852	1,414,198	1,739,409	1,501,715	1,061,632
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	47,498
Misc Debtors	41,701	84,991	90,398	0	0	0	376,710	525,436	2,082,599	7,214,072	5,945,438	5,481,338	5,473,502
Cash	406,296	2,027	126	553	288	349	58,919	397,931	631,335	543,711	626,753	722,311	580,989
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,114,218	838,248	368,294	553	288	221,318	975,175	2,611,962	4,353,822	9,308,734	8,498,870	7,763,864	7,694,671
total assets	2,215,132	1,954,001	1,481,390	1,076,054	2,553,203	2,774,233	3,659,365	5,417,384	7,240,376	12,107,766	11,252,561	10,403,479	10,347,775
Bank overdraft	38,042	514,044	67,124	35,968	34,895	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	32,217	31,314	222,814	913,549	207,645	200,469	80,185
Trade Creditors	235,707	163,225	59,818	0	0	1,467,997	216,417	226,311	272,850	296,690	487,672	272,018	392,834
Group/Directors Accounts	194,843	190,842	317,475	227,185	503,919	0	969,903	165,058	111,000	191,000	72,800	98,034	205,068
other short term finances	0	0	0	0	0	0	0	0	314,637	4,375,034	4,124,203	3,584,197	3,363,457
hp & lease commitments	0	0	0	0	0	0	0	0	0	8,333	0	0	0
other current liabilities	1,051,910	598,007	587,366	655,158	655,158	0	327,689	1,989,177	2,140,442	2,205,344	2,323,794	2,032,274	2,709,677
total current liabilities	1,520,502	1,466,118	1,031,783	918,311	1,193,972	1,467,997	1,546,226	2,411,860	3,061,743	7,989,950	7,216,114	6,186,992	6,751,221
loans	52,845	180,975	309,215	165,839	201,807	236,703	509,081	652,297	1,822,505	1,965,931	1,989,243	2,269,687	1,730,044
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	56,218	44,637	43,066	40,483	87,411	87,085	111,519	0	100,330	99,396	242,075	235,871	290,613
total long term liabilities	109,063	225,612	352,281	206,322	289,218	323,788	620,600	652,297	1,922,835	2,065,327	2,231,318	2,505,558	2,020,657
total liabilities	1,629,565	1,691,730	1,384,064	1,124,633	1,483,190	1,791,785	2,166,826	3,064,157	4,984,578	10,055,277	9,447,432	8,692,550	8,771,878
net assets	585,567	262,271	97,326	-48,579	1,070,013	982,448	1,492,539	2,353,227	2,255,798	2,052,489	1,805,129	1,710,929	1,575,897
total shareholders funds	585,567	262,271	97,326	-48,579	1,070,013	982,448	1,492,539	2,353,227	2,255,798	2,052,489	1,805,129	1,710,929	1,575,897

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	426,012	236,311	197,763	-1,103,795	124,080	-485,853	-918,308	336,962	729,459	457,693	347,063	444,214	323,641
Depreciation	15,334	0	0	0	0	0	94,018	97,712	96,150	64,357	39,871	22,505	34,445
Amortisation	0	0	0	0	0	8,125	7,500	7,500	7,500	7,500	7,500	7,500	7,500
Tax	-75,835	-38,691	-34,225	0	-20,540	0	127,589	-154,811	-80,736	68,084	-53,829	26,270	-57,213
Stock	-1,091	-23,971	35,414	0	0	-140,429	108,443	-52,050	-52,717	-50,517	128,770	-472,550	531,050
Debtors	-127,208	492,024	332,754	0	-220,969	-554,858	-1,406,218	-1,456,406	-4,989,819	943,423	701,794	400,421	6,582,632
Creditors	72,482	103,407	59,818	0	-1,467,997	1,251,580	-9,894	-46,539	-23,840	-190,982	215,654	-120,816	392,834
Accruals and Deferred Income	453,903	10,641	-67,792	0	655,158	-327,689	-1,661,488	-151,265	-64,902	-118,450	291,520	-677,403	2,709,677
Deferred Taxes & Provisions	11,581	1,571	2,583	-46,928	326	-24,434	111,519	-100,330	934	-142,679	6,204	-54,742	290,613
Cash flow from operations	1,031,776	-154,814	-210,021	-1,150,723	-488,004	1,117,016	-951,289	1,497,685	5,707,101	-747,383	23,419	-280,343	-3,412,185
Investing Activities
capital expenditure	-495	-2,657	-1,112,595	2,552,414	0	123,651	-11,972	6,491	5,318,630	-1,411,653	172,676	-593,537	-1,625,886
Change in Investments	0	0	-1,075,000	1,075,000	0	501	-31,686	-2,520,728	0	0	0	0	2,552,414
cash flow from investments	-495	-2,657	-37,595	1,477,414	0	123,150	19,714	2,527,219	5,318,630	-1,411,653	172,676	-593,537	-4,178,300
Financing Activities
Bank loans	0	0	0	0	0	-32,217	903	-191,500	-690,735	705,904	7,176	120,284	80,185
Group/Directors Accounts	4,001	-126,633	90,290	-276,734	503,919	-969,903	804,845	54,058	-80,000	118,200	-25,234	-107,034	205,068
Other Short Term Loans	0	0	0	0	0	0	0	-314,637	-4,060,397	250,831	540,006	220,740	3,363,457
Long term loans	-128,130	-128,240	143,376	-35,968	-34,896	-272,378	-143,216	-1,170,208	-143,426	-23,312	-280,444	539,643	1,730,044
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	-8,333	8,333	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	1,547,881
interest	-26,881	-32,675	-17,633	-14,797	-15,975	-24,239	-25,905	-40,658	-403,448	-238,449	-159,066	-297,022	-199,982
cash flow from financing	-151,010	-287,548	216,033	-327,499	453,048	-1,298,737	636,627	-1,662,945	-5,386,339	821,507	82,438	476,611	6,726,653
cash and cash equivalents
cash	404,269	1,901	-427	265	-61	-58,570	-339,012	-233,404	87,624	-83,042	-95,558	141,322	580,989
overdraft	-476,002	446,920	31,156	1,073	34,895	0	0	0	0	0	0	0	0
change in cash	880,271	-445,019	-31,583	-808	-34,956	-58,570	-339,012	-233,404	87,624	-83,042	-95,558	141,322	580,989

P&L

August 2022

turnover

5.1m

+10%

operating profit

426k

gross margin

24.6%

+7.92%

turnover

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

Balance Sheet

August 2022

net assets

585.6k

+1.23%

total assets

2.2m

+0.13%

cash

406.3k

+199.44%

net assets

Total assets minus all liabilities

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company number

SC173934

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

30110 - Building of ships and floating structures

incorporation date

March 1997

age

accounts

Total Exemption Full

ultimate parent company

MACJ INVESTMENTS LIMITED

previous names

N/A

incorporated

address

. links place, aberdeen, AB11 5DY

last accounts submitted

August 2022

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 5 charges/mortgages relating to afab holdings limited. Currently there are 3 open charges and 2 have been satisfied in the past.

afab holdings limited Company Information

afab holdings limited Estimated Valuation

afab holdings limited Estimated Valuation

afab holdings limited Estimated Valuation

Afab Holdings Limited AI Business Plan

Afab Holdings Limited Overview

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AFAB HOLDINGS LIMITED financials

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afab holdings limited Companies House Filings - See Documents