Anderson Veitch & Company Limited

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anderson veitch & company limited Company Information

Live

EstablishedMidHigh

Company Number

SC325683

Next Accounts

Feb 2025

Industry

Non-specialised wholesale trade

Directors

Robert Anderson

David Anderson

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Shareholders

paul anderson

david anderson

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Group Structure

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Contact

Registered Address

russets lathrisk road, newton of falkland, cupar, KY15 7QZ

Website

andersonveitch.com

anderson veitch & company limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of ANDERSON VEITCH & COMPANY LIMITED at £2.1m based on a Turnover of £5.5m and 0.37x industry multiple (adjusted for size and gross margin).

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Anderson Veitch & Company Limited is a live company located in cupar, KY15 7QZ with a Companies House number of SC325683. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in June 2007, it's largest shareholder is paul anderson with a 27.1% stake. Anderson Veitch & Company Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.5m with high growth in recent years.

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Pomanda's financial health check has awarded Anderson Veitch & Company Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £5.5m, make it smaller than the average company (£14.6m)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (5.9%)

EXPORT

Anderson Veitch & Company Limited's latest turnover from May 2023 is estimated at £5.5 million and the company has net assets of £570.2 thousand. According to their latest financial statements, Anderson Veitch & Company Limited has 20 employees and maintains cash reserves of £56.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	5,540,749	4,909,073	4,677,127	3,404,536	3,773,802	2,910,663	2,318,546	1,533,987	1,997,136	2,090,157	2,080,814	2,333,220	2,367,079	2,510,326
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,020,809	3,542,842	3,412,764	2,470,154	2,740,803	2,131,303	1,682,328	1,097,744	1,441,955	1,509,077	1,493,481	1,676,189	1,697,583	1,798,256
Gross Profit	1,519,940	1,366,232	1,264,363	934,382	1,032,999	779,359	636,218	436,243	555,181	581,081	587,333	657,031	669,496	712,070
Admin Expenses	1,621,223	1,165,568	1,097,700	797,301	1,023,487	749,272	580,996	403,842	458,656	584,916	582,877	610,166	686,533	637,901
Operating Profit	-101,283	200,664	166,663	137,081	9,512	30,087	55,222	32,401	96,525	-3,835	4,456	46,865	-17,037	74,169
Interest Payable	189	126	0	180	200	0	0	0	0	0	0	0	0	0
Interest Receivable	1,317	42	4	1	151	112	44	137	95	56	40	31	34	21
Pre-Tax Profit	-100,155	200,580	166,667	136,901	9,463	30,199	55,267	32,539	96,620	-3,779	4,496	46,896	-17,003	74,190
Tax	0	-38,110	-31,667	-26,011	-1,798	-5,738	-10,501	-6,508	-19,324	0	-1,034	-11,255	0	-20,773
Profit After Tax	-100,155	162,470	135,000	110,890	7,665	24,461	44,766	26,031	77,296	-3,779	3,462	35,641	-17,003	53,417
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-100,155	162,470	135,000	110,890	7,665	24,461	44,766	26,031	77,296	-3,779	3,462	35,641	-17,003	53,417
Employee Costs	839,693	813,066	745,259	887,502	850,044	537,055	452,132	203,647	232,497	264,337	261,633	291,360	286,368	313,111
Number Of Employees	20	20	20	24	23	15	13	6	7	8	8	9	9	10
EBITDA*	-94,873	207,981	174,396	145,796	35,457	55,236	82,141	58,731	120,639	8,831	17,590	60,000	-3,902	86,176

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	52,190	28,254	26,682	30,555	36,741	26,417	22,764	23,683	23,818	13,405	20,771	28,605	36,440	37,359
Intangible Assets	0	0	2,529	5,058	7,587	26,016	31,800	47,700	63,600	79,500	84,800	90,100	95,400	100,700
Investments & Other	5,001	5,001	5,001	5,001	5,001	5,001	5,001	5,001	5,001	5,001	5,001	5,001	5,001	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	57,191	33,255	34,212	40,614	49,329	57,434	59,565	76,384	92,419	97,906	110,572	123,706	136,841	138,059
Stock & work in progress	657,065	679,236	566,783	408,343	498,156	357,189	304,472	246,441	248,035	251,015	225,334	238,375	229,720	223,895
Trade Debtors	887,742	814,108	794,580	475,732	553,518	507,686	370,699	307,251	299,308	288,844	289,999	338,530	338,809	361,323
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	8,551	8,551	9,324	35,440	8,109	6,757	34,840	67,620	10,697	8,113	10,366	18,330	17,514	38,486
Cash	56,470	2,066	6,311	2,027	0	40,142	4,716	30,850	24,090	13,762	8,472	7,579	4,983	8,546
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,609,828	1,503,961	1,376,998	921,542	1,059,783	911,774	714,727	652,162	582,130	561,734	534,171	602,814	591,026	632,250
total assets	1,667,019	1,537,216	1,411,210	962,156	1,109,112	969,208	774,292	728,546	674,549	659,640	644,743	726,520	727,867	770,309
Bank overdraft	0	3,601	0	0	5,914	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	716,982	529,401	545,392	212,535	346,624	319,852	295,695	214,719	512,547	577,721	558,562	642,928	675,104	672,849
Group/Directors Accounts	1,000	1,000	0	0	0	1,000	0	0	0	0	0	0	0	11,360
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	1,250	1,667	1,667	0	0	0	0	0	0	0	0
other current liabilities	366,401	327,698	352,901	369,464	484,242	383,715	245,876	325,950	0	0	0	0	0	0
total current liabilities	1,084,383	861,700	898,293	583,249	838,447	706,234	541,571	540,669	512,547	577,721	558,562	642,928	675,104	684,209
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	1,250	2,917	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	0	0	0	0	0	0	0	0	0	0	0	0	3,254	20,534
provisions	12,474	5,199	5,070	6,060	7,458	5,765	2,890	2,812	2,968	181	664	1,537	3,095	2,149
total long term liabilities	12,474	5,199	5,070	6,060	8,708	8,682	2,890	2,812	2,968	181	664	1,537	6,349	22,683
total liabilities	1,096,857	866,899	903,363	589,309	847,155	714,916	544,461	543,481	515,515	577,902	559,226	644,465	681,453	706,892
net assets	570,162	670,317	507,847	372,847	261,957	254,292	229,831	185,065	159,034	81,738	85,517	82,055	46,414	63,417
total shareholders funds	570,162	670,317	507,847	372,847	261,957	254,292	229,831	185,065	159,034	81,738	85,517	82,055	46,414	63,417

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-101,283	200,664	166,663	137,081	9,512	30,087	55,222	32,401	96,525	-3,835	4,456	46,865	-17,037	74,169
Depreciation	6,410	4,788	5,204	6,186	7,516	6,720	11,019	10,430	8,214	7,366	7,834	7,835	7,835	6,707
Amortisation	0	2,529	2,529	2,529	18,429	18,429	15,900	15,900	15,900	5,300	5,300	5,300	5,300	5,300
Tax	0	-38,110	-31,667	-26,011	-1,798	-5,738	-10,501	-6,508	-19,324	0	-1,034	-11,255	0	-20,773
Stock	-22,171	112,453	158,440	-89,813	140,967	52,717	58,031	-1,594	-2,980	25,681	-13,041	8,655	5,825	223,895
Debtors	73,634	18,755	292,732	-50,455	47,184	108,904	30,668	64,866	13,048	-3,408	-56,495	537	-43,486	399,809
Creditors	187,581	-15,991	332,857	-134,089	26,772	24,157	80,976	-297,828	-65,174	19,159	-84,366	-32,176	2,255	672,849
Accruals and Deferred Income	38,703	-25,203	-16,563	-114,778	100,527	137,839	-80,074	325,950	0	0	0	0	0	0
Deferred Taxes & Provisions	7,275	129	-990	-1,398	1,693	2,875	78	-156	2,787	-483	-873	-1,558	946	2,149
Cash flow from operations	87,223	-2,402	6,861	9,788	-25,500	52,748	-16,079	16,917	28,860	5,234	853	5,819	36,960	116,697
Investing Activities
capital expenditure	-30,346	-6,360	-1,331	0	-17,840	-23,018	-10,100	-10,295	-18,627	0	0	0	-6,916	-150,066
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	5,001	0
cash flow from investments	-30,346	-6,360	-1,331	0	-17,840	-23,018	-10,100	-10,295	-18,627	0	0	0	-11,917	-150,066
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	1,000	0	0	-1,000	1,000	0	0	0	0	0	0	-11,360	11,360
Other Short Term Loans	0	0	0	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	0	0	0
Hire Purchase and Lease Commitments	0	0	-1,250	-1,667	-1,667	4,584	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	-3,254	-17,280	20,534
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	1,128	-84	4	-179	-49	112	44	137	95	56	40	31	34	21
cash flow from financing	1,128	916	-1,246	-1,846	-2,716	5,696	44	137	95	56	40	-3,223	-28,606	41,915
cash and cash equivalents
cash	54,404	-4,245	4,284	2,027	-40,142	35,426	-26,134	6,760	10,328	5,290	893	2,596	-3,563	8,546
overdraft	-3,601	3,601	0	-5,914	5,914	0	0	0	0	0	0	0	0	0
change in cash	58,005	-7,846	4,284	7,941	-46,056	35,426	-26,134	6,760	10,328	5,290	893	2,596	-3,563	8,546

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for anderson veitch & company limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in KY15 area or any other competitors across 12 key performance metrics.

ANDERSON VEITCH & COMPANY LIMITED group structure

Anderson Veitch & Company Limited has no subsidiary companies.

Ultimate parent company

ANDERSON VEITCH & COMPANY LIMITED

SC325683

ANDERSON VEITCH & COMPANY LIMITED Shareholders

paul anderson	27.06%
david anderson	27.06%
iain anderson	15.88%
gillian anderson	15.88%
robert anderson	14.12%

Anderson Veitch & Company Limited currently has 5 directors. The longest serving directors include Mr Robert Anderson (Jun 2007) and Mr David Anderson (Jun 2017).

officer	country	age	start	end	role
Mr Robert Anderson	Scotland	72 years	Jun 2007	-	Director
Mr David Anderson	Scotland	41 years	Jun 2017	-	Director
Mrs Gillian Anderson	Scotland	64 years	Jun 2017	-	Director
Mr Iain Anderson	Scotland	31 years	Jun 2017	-	Director
Mr Paul Anderson	Scotland	39 years	Jun 2017	-	Director

P&L

May 2023

turnover

5.5m

+13%

operating profit

-101.3k

gross margin

27.5%

-1.43%

turnover

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

Balance Sheet

May 2023

net assets

570.2k

-0.15%

total assets

1.7m

+0.08%

cash

56.5k

+26.33%

net assets

Total assets minus all liabilities

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company number

SC325683

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

June 2007

ultimate parent company

None

previous names

N/A

address

russets lathrisk road, newton of falkland, cupar, KY15 7QZ

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 1 charges/mortgages relating to anderson veitch & company limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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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anderson veitch & company limited Company Information

anderson veitch & company limited Estimated Valuation

anderson veitch & company limited Estimated Valuation

anderson veitch & company limited Estimated Valuation

Anderson Veitch & Company Limited Overview

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ANDERSON VEITCH & COMPANY LIMITED financials

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