Coast Bearings Ltd

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coast bearings ltd Company Information

Live

EstablishedMicroDeclining

Company Number

SC437907

Website

www.eastcoastbearings.com

Registered Address

cairnfield 14 school road, balmullo, st. andrews, fife, KY16 0BD

Industry

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

Telephone

01261831188

Next Accounts Due

October 2024

Group Structure

View All

Directors

Diane Sorley11 Years

Allan Sorley1 Years

Shareholders

diane linda hutton sorley 75%

allan john sorley 25%

coast bearings ltd Estimated Valuation

£91.9k

Pomanda estimates the enterprise value of COAST BEARINGS LTD at £91.9k based on a Turnover of £279.9k and 0.33x industry multiple (adjusted for size and gross margin).

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Coast Bearings Ltd is a live company located in st. andrews, KY16 0BD with a Companies House number of SC437907. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in November 2012, it's largest shareholder is diane linda hutton sorley with a 75% stake. Coast Bearings Ltd is a established, micro sized company, Pomanda has estimated its turnover at £279.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Coast Bearings Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £279.9k, make it smaller than the average company (£7.9m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COAST BEARINGS LTD group structure

Coast Bearings Ltd has no subsidiary companies.

Ultimate parent company

COAST BEARINGS LTD

SC437907

COAST BEARINGS LTD Shareholders

diane linda hutton sorley	75%
allan john sorley	25%

Coast Bearings Ltd currently has 2 directors. The longest serving directors include Mrs Diane Sorley (Nov 2012) and Mr Allan Sorley (Feb 2023).

officer	country	age	start	end	role
Mrs Diane Sorley	United Kingdom	53 years	Nov 2012	-	Director
Mr Allan Sorley	United Kingdom	54 years	Feb 2023	-	Director

EXPORT

Coast Bearings Ltd's latest turnover from January 2023 is estimated at £279.9 thousand and the company has net assets of £523. According to their latest financial statements, Coast Bearings Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014
Turnover	279,898	178,387	251,757	304,126	385,687	411,931	504,653	207,150	190,705	142,393
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	192,836	125,064	182,693	213,513	269,851	290,264	362,344	150,286	141,422	104,157
Gross Profit	87,062	53,323	69,064	90,614	115,836	121,668	142,309	56,864	49,283	38,237
Admin Expenses	86,161	50,234	55,685	94,884	131,910	128,345	125,601	48,254	45,349	48,187
Operating Profit	901	3,089	13,379	-4,270	-16,074	-6,677	16,708	8,610	3,934	-9,950
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	12	32	20	11
Pre-Tax Profit	901	3,089	13,379	-4,270	-16,074	-6,677	16,720	8,643	3,954	-9,939
Tax	-171	-587	-2,542	0	0	0	-3,344	-1,728	-830	0
Profit After Tax	730	2,502	10,837	-4,270	-16,074	-6,677	13,376	6,914	3,124	-9,939
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	730	2,502	10,837	-4,270	-16,074	-6,677	13,376	6,914	3,124	-9,939
Employee Costs	69,483	43,069	41,014	84,367	42,040	61,984	60,495	19,841	19,451	19,568
Number Of Employees	3	2	2	4	2	3	3	1	1	1
EBITDA*	901	3,089	13,379	-4,270	-16,074	-6,677	16,708	11,860	7,930	-4,699

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014
Tangible Assets	11,267	7,012	9,349	8,806	11,741	15,655	20,578	9,753	11,987	15,753
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	11,267	7,012	9,349	8,806	11,741	15,655	20,578	9,753	11,987	15,753
Stock & work in progress	0	0	0	0	0	0	0	31,340	23,000	18,000
Trade Debtors	55,386	49,994	67,463	57,214	67,803	79,898	84,722	28,792	25,963	16,642
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	9,221	3,703	4,291
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	55,386	49,994	67,463	57,214	67,803	79,898	84,722	69,353	52,666	38,933
total assets	66,653	57,006	76,812	66,020	79,544	95,553	105,300	79,106	64,653	54,686
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	58,797	47,880	69,521	79,566	88,820	88,755	91,825	78,907	71,368	64,525
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	58,797	47,880	69,521	79,566	88,820	88,755	91,825	78,907	71,368	64,525
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	7,333	9,333	10,000	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	7,333	9,333	10,000	0	0	0	0	0	0	0
total liabilities	66,130	57,213	79,521	79,566	88,820	88,755	91,825	78,907	71,368	64,525
net assets	523	-207	-2,709	-13,546	-9,276	6,798	13,475	199	-6,715	-9,839
total shareholders funds	523	-207	-2,709	-13,546	-9,276	6,798	13,475	199	-6,715	-9,839

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013
Operating Activities
Operating Profit	901	3,089	13,379	-4,270	-16,074	-6,677	16,708	8,610	3,934	-9,950	0
Depreciation	0	0	0	0	0	0	0	3,250	3,996	5,251	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-171	-587	-2,542	0	0	0	-3,344	-1,728	-830	0	0
Stock	0	0	0	0	0	0	-31,340	8,340	5,000	18,000	0
Debtors	5,392	-17,469	10,249	-10,589	-12,095	-4,824	55,930	2,829	9,321	16,642	0
Creditors	10,917	-21,641	-10,045	-9,254	65	-3,070	12,918	7,539	6,843	64,525	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	6,255	-1,670	-9,457	-2,935	-3,914	-4,923	1,692	6,502	-378	25,184	0
Investing Activities
capital expenditure	-4,255	2,337	-543	2,935	3,914	4,923	-10,825	-1,016	-230	-21,004	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-4,255	2,337	-543	2,935	3,914	4,923	-10,825	-1,016	-230	-21,004	0
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	0	0	0	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	-2,000	-667	10,000	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	100	0
interest	0	0	0	0	0	0	12	32	20	11	0
cash flow from financing	-2,000	-667	10,000	0	0	0	-88	32	20	111	0
cash and cash equivalents
cash	0	0	0	0	0	0	-9,221	5,518	-588	4,291	0
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-9,221	5,518	-588	4,291	0

P&L

January 2023

turnover

279.9k

+57%

operating profit

901.2

gross margin

31.2%

+4.06%

turnover

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

Balance Sheet

January 2023

net assets

523

-3.53%

total assets

66.7k

+0.17%

cash

net assets

Total assets minus all liabilities

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company number

SC437907

Type

Private limited with Share Capital

industry

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

November 2012

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

cairnfield 14 school road, balmullo, st. andrews, fife, KY16 0BD

last accounts submitted

January 2023

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 coast bearings ltd.

coast bearings ltd Company Information

coast bearings ltd Estimated Valuation

coast bearings ltd Estimated Valuation

coast bearings ltd Estimated Valuation

Coast Bearings Ltd AI Business Plan

Coast Bearings Ltd Overview

Coast Bearings Ltd Health Check

coast bearings ltd Credit Report and Business Information

Coast Bearings Ltd Competitor Analysis

coast bearings ltd Ownership

coast bearings ltd directors

COAST BEARINGS LTD financials

coast bearings ltd company details

coast bearings ltd Charges & Mortgages

coast bearings ltd Companies House Filings - See Documents