Pomanda estimates the enterprise value of VE-TECH CONCRETE LTD. at £6m based on a Turnover of £9.4m and 0.64x industry multiple (adjusted for size and gross margin).
ve-tech concrete ltd.Estimated Valuation
£3.9m
Pomanda estimates the enterprise value of VE-TECH CONCRETE LTD. at £3.9m based on an EBITDA of £1.1m and a 3.48x industry multiple (adjusted for size and gross margin).
ve-tech concrete ltd.Estimated Valuation
£8.1m
Pomanda estimates the enterprise value of VE-TECH CONCRETE LTD. at £8.1m based on Net Assets of £3.8m and 2.15x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ve-tech Concrete Ltd.Overview
Ve-tech Concrete Ltd. is a live company located in mauchline, ayrshire, KA5 5NP with a Companies House number of SC334149. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in November 2007, it's largest shareholder is
robert veitch
with a 100% stake. Ve-tech Concrete Ltd. is a established,
mid sized company, Pomanda has estimated its turnover at
£9.4m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Ve-Tech Concrete Ltd. a 4 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 Rating4out of 5
3 Strong
3 Regular
6 Weak
Size
annual sales of £9.4m, make it smaller than the average company (£11.8m)
£9.4m - Ve-tech Concrete Ltd.
£11.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8.8%)
11% - Ve-tech Concrete Ltd.
8.8% - Industry AVG
Production
with a gross margin of 34.5%, this company has a comparable cost of product (34.5%)
34.5% - Ve-tech Concrete Ltd.
34.5% - Industry AVG
Profitability
an operating margin of 7.1% make it less profitable than the average company (12.2%)
7.1% - Ve-tech Concrete Ltd.
12.2% - Industry AVG
Employees
with 45 employees, this is below the industry average (58)
45 - Ve-tech Concrete Ltd.
58 - Industry AVG
Pay Structure
on an average salary of £44k, the company has an equivalent pay structure (£44k)
£44k - Ve-tech Concrete Ltd.
£44k - Industry AVG
Efficiency
resulting in sales per employee of £208.9k, this is equally as efficient (£215.7k)
£208.9k - Ve-tech Concrete Ltd.
£215.7k - Industry AVG
Debtor Days
it gets paid by customers after 79 days, this is later than average (58 days)
79 days - Ve-tech Concrete Ltd.
58 days - Industry AVG
Creditor Days
its suppliers are paid after 32 days, this is quicker than average (49 days)
32 days - Ve-tech Concrete Ltd.
49 days - Industry AVG
Stock Days
it holds stock equivalent to 19 days, this is more than average (10 days)
19 days - Ve-tech Concrete Ltd.
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 41 weeks, this is more cash available to meet short term requirements (10 weeks)
41 weeks - Ve-tech Concrete Ltd.
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.1%, this is a lower level of debt than the average (56.2%)
50.1% - Ve-tech Concrete Ltd.
56.2% - Industry AVG
VE-TECH CONCRETE LTD. financials
EXPORT
Ve-Tech Concrete Ltd.'s latest turnover from November 2023 is estimated at £9.4 million and the company has net assets of £3.8 million. According to their latest financial statements, Ve-Tech Concrete Ltd. has 45 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Turnover
9,400,257
8,771,864
7,295,287
6,799,923
4,990,677
5,312,003
6,760,244
5,388,618
8,180,368
9,906,418
6,286,413
5,081,645
3,265,756
3,082,610
Other Income Or Grants
Cost Of Sales
6,160,376
5,759,428
4,952,465
4,600,506
3,394,259
3,517,700
4,375,583
3,583,638
5,428,832
6,677,954
4,289,476
3,498,407
2,196,885
2,071,107
Gross Profit
3,239,881
3,012,436
2,342,822
2,199,417
1,596,418
1,794,302
2,384,661
1,804,980
2,751,536
3,228,464
1,996,937
1,583,237
1,068,871
1,011,503
Admin Expenses
2,572,366
2,202,499
2,051,211
2,312,899
1,413,604
1,856,460
2,245,128
1,738,299
2,903,032
2,786,602
1,343,160
972,302
607,519
681,300
-584,132
Operating Profit
667,515
809,937
291,611
-113,482
182,814
-62,158
139,533
66,681
-151,496
441,862
653,777
610,935
461,352
330,203
584,132
Interest Payable
Interest Receivable
64,365
23,582
716
855
4,311
2,481
1,658
660
384
736
1,975
2,483
1,603
837
430
Pre-Tax Profit
731,880
833,520
292,327
-112,627
187,125
-59,677
141,191
67,341
-151,112
442,597
655,752
613,418
462,955
331,040
584,563
Tax
-182,970
-158,369
-55,542
-35,554
-26,826
-13,468
-92,945
-150,823
-147,220
-120,368
-92,691
-163,677
Profit After Tax
548,910
675,151
236,785
-112,627
151,571
-59,677
114,365
53,873
-151,112
349,652
504,929
466,198
342,587
238,349
420,885
Dividends Paid
Retained Profit
548,910
675,151
236,785
-112,627
151,571
-59,677
114,365
53,873
-151,112
349,652
504,929
466,198
342,587
238,349
420,885
Employee Costs
1,979,269
1,905,648
1,714,431
1,742,396
1,468,747
1,244,991
1,177,855
1,233,382
1,926,655
2,343,722
1,688,372
1,373,482
891,447
870,904
Number Of Employees
45
45
42
44
37
32
32
35
55
70
53
43
29
30
EBITDA*
1,129,999
1,238,516
695,923
260,175
528,156
306,242
492,625
381,260
147,783
724,860
854,309
797,007
615,394
466,126
671,085
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Tangible Assets
3,570,469
2,638,381
2,157,634
1,959,264
1,995,307
1,870,360
1,950,283
2,063,869
1,951,870
1,959,198
1,391,124
1,298,788
1,297,240
948,404
590,597
Intangible Assets
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
3,570,469
2,638,381
2,157,634
1,959,264
1,995,307
1,870,360
1,950,283
2,073,869
1,971,870
1,989,198
1,431,124
1,348,788
1,357,240
1,018,404
670,597
Stock & work in progress
323,629
364,450
385,883
239,374
373,480
145,082
68,276
166,150
483,531
427,226
606,839
356,764
216,552
137,162
140,000
Trade Debtors
2,060,328
1,899,353
1,596,865
1,396,003
903,699
1,348,160
1,936,913
1,364,521
1,659,394
2,237,290
1,118,696
906,425
571,357
597,383
391,281
Group Debtors
Misc Debtors
266,894
177,072
191,717
75,562
374,603
583,263
314,455
366,393
Cash
1,359,263
1,092,730
479,427
952,550
757,792
391,738
269,803
393,581
134,440
19,051
275,261
514,572
478,600
162,674
172,083
misc current assets
total current assets
4,010,114
3,533,605
2,653,892
2,663,489
2,409,574
2,468,243
2,589,447
2,290,645
2,277,365
2,683,567
2,000,796
1,777,761
1,266,509
897,219
703,364
total assets
7,580,583
6,171,986
4,811,526
4,622,753
4,404,881
4,338,603
4,539,730
4,364,514
4,249,235
4,672,765
3,431,920
3,126,549
2,623,749
1,915,623
1,373,961
Bank overdraft
Bank loan
Trade Creditors
542,186
587,914
563,394
614,250
523,759
434,706
536,353
499,175
968,664
1,440,730
973,180
1,100,575
862,579
606,642
405,460
Group/Directors Accounts
other short term finances
hp & lease commitments
423,316
277,243
other current liabilities
1,148,510
981,038
656,455
885,016
632,197
237,000
370,240
489,393
total current liabilities
1,690,696
1,568,952
1,219,849
1,499,266
1,155,956
1,095,022
1,183,836
988,568
968,664
1,440,730
973,180
1,100,575
862,579
606,642
405,460
loans
hp & lease commitments
711,879
736,537
Accruals and Deferred Income
other liabilities
1,346,316
907,676
637,631
503,124
533,919
847,496
816,096
683,270
300,025
423,292
621,027
565,147
495,016
provisions
763,632
464,329
398,168
301,270
283,286
251,553
279,531
302,989
292,887
226,065
185,667
134,563
138,222
84,500
52,500
total long term liabilities
2,109,948
1,372,005
1,035,799
804,394
817,205
963,432
1,016,068
1,150,485
1,108,983
909,335
485,692
557,855
759,249
649,647
547,516
total liabilities
3,800,644
2,940,957
2,255,648
2,303,660
1,973,161
2,058,454
2,199,904
2,139,053
2,077,647
2,350,065
1,458,872
1,658,430
1,621,828
1,256,289
952,976
net assets
3,779,939
3,231,029
2,555,878
2,319,093
2,431,720
2,280,149
2,339,826
2,225,461
2,171,588
2,322,700
1,973,048
1,468,119
1,001,921
659,334
420,985
total shareholders funds
3,779,939
3,231,029
2,555,878
2,319,093
2,431,720
2,280,149
2,339,826
2,225,461
2,171,588
2,322,700
1,973,048
1,468,119
1,001,921
659,334
420,985
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Operating Activities
Operating Profit
667,515
809,937
291,611
-113,482
182,814
-62,158
139,533
66,681
-151,496
441,862
653,777
610,935
461,352
330,203
584,132
Depreciation
462,484
428,579
404,312
373,657
345,342
368,400
343,092
304,579
289,279
272,998
190,532
176,072
144,042
125,923
76,953
Amortisation
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
Tax
-182,970
-158,369
-55,542
-35,554
-26,826
-13,468
-92,945
-150,823
-147,220
-120,368
-92,691
-163,677
Stock
-40,821
-21,433
146,509
-134,106
228,398
76,806
-97,874
-317,381
56,305
-179,613
250,075
140,212
79,390
-2,838
140,000
Debtors
250,797
287,843
317,017
193,263
-653,121
-319,945
520,454
71,520
-577,896
1,118,594
212,271
335,068
-26,026
206,102
391,281
Creditors
-45,728
24,520
-50,856
90,491
89,053
-101,647
37,178
-469,489
-472,066
467,550
-127,395
237,996
255,937
201,182
405,460
Accruals and Deferred Income
167,472
324,583
-228,561
252,819
395,197
-133,240
-119,153
489,393
Deferred Taxes & Provisions
299,303
66,161
96,898
17,984
31,733
-27,978
-23,458
10,102
66,822
40,398
51,104
-3,659
53,722
32,000
52,500
Cash flow from operations
1,158,100
1,229,001
-5,664
562,312
1,433,308
286,516
-62,214
643,659
264,130
200,882
164,849
408,844
751,321
403,353
434,087
Investing Activities
capital expenditure
-1,394,572
-909,326
-602,682
-337,614
-470,289
-288,477
-229,506
-416,578
-281,951
-841,072
-282,868
-177,620
-492,878
-483,730
-757,550
Change in Investments
cash flow from investments
-1,394,572
-909,326
-602,682
-337,614
-470,289
-288,477
-229,506
-416,578
-281,951
-841,072
-282,868
-177,620
-492,878
-483,730
-757,550
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-1,135,195
121,415
1,013,780
other long term liabilities
438,640
270,045
134,507
-30,795
533,919
-847,496
31,400
132,826
383,245
-123,267
-197,735
55,880
70,131
495,016
share issue
100
interest
64,365
23,582
716
855
4,311
2,481
1,658
660
384
736
1,975
2,483
1,603
837
430
cash flow from financing
503,005
293,627
135,223
-29,940
-596,965
123,896
167,942
32,060
133,210
383,981
-121,292
-195,252
57,483
70,968
495,546
cash and cash equivalents
cash
266,533
613,303
-473,123
194,758
366,054
121,935
-123,778
259,141
115,389
-256,210
-239,311
35,972
315,926
-9,409
172,083
overdraft
change in cash
266,533
613,303
-473,123
194,758
366,054
121,935
-123,778
259,141
115,389
-256,210
-239,311
35,972
315,926
-9,409
172,083
ve-tech concrete ltd. Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for ve-tech concrete ltd.. Get real-time insights into ve-tech concrete ltd.'s credit score, group structure and payment trends.
Perform a competitor analysis for ve-tech concrete ltd. by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in KA5 area or any other competitors across 12 key performance metrics.
ve-tech concrete ltd. Ownership
VE-TECH CONCRETE LTD. group structure
Ve-Tech Concrete Ltd. has no subsidiary companies.
Ultimate parent company
VE-TECH CONCRETE LTD.
SC334149
VE-TECH CONCRETE LTD. Shareholders
The sole shareholder of Ve-Tech Concrete Ltd. is Robert Veitch.
robert veitch
100%
ve-tech concrete ltd. directors
Ve-Tech Concrete Ltd. currently has 1 director, Mr Robert Veitch serving since Nov 2007.
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 ve-tech concrete ltd..
ve-tech concrete ltd. 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.
Click to start generating capital raising & share issue transactions for VE-TECH CONCRETE LTD.. This can take several minutes, an email will notify you when this has completed.
ve-tech concrete ltd.Companies House Filings - See Documents
