kingspan access floors limited

4.5

kingspan access floors limited Company Information

Share KINGSPAN ACCESS FLOORS LIMITED
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Company Number

00076119

Registered Address

marfleet, hull, yorks, HU9 5SG

Industry

Floor and wall covering

 

Telephone

01482781701

Next Accounts Due

September 2025

Group Structure

View All

Directors

Seamus Cussen5 Years

Paul Kenny2 Years

Shareholders

hewetson holdings ltd 100%

kingspan access floors limited Estimated Valuation

£43.5m

Pomanda estimates the enterprise value of KINGSPAN ACCESS FLOORS LIMITED at £43.5m based on a Turnover of £65.4m and 0.67x industry multiple (adjusted for size and gross margin).

kingspan access floors limited Estimated Valuation

£20.3m

Pomanda estimates the enterprise value of KINGSPAN ACCESS FLOORS LIMITED at £20.3m based on an EBITDA of £3.2m and a 6.36x industry multiple (adjusted for size and gross margin).

kingspan access floors limited Estimated Valuation

£48.7m

Pomanda estimates the enterprise value of KINGSPAN ACCESS FLOORS LIMITED at £48.7m based on Net Assets of £26.4m and 1.85x industry multiple (adjusted for liquidity).

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Kingspan Access Floors Limited Overview

Kingspan Access Floors Limited is a live company located in yorks, HU9 5SG with a Companies House number of 00076119. It operates in the floor and wall covering sector, SIC Code 43330. Founded in January 1903, it's largest shareholder is hewetson holdings ltd with a 100% stake. Kingspan Access Floors Limited is a mature, large sized company, Pomanda has estimated its turnover at £65.4m with healthy growth in recent years.

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Kingspan Access Floors Limited Health Check

Pomanda's financial health check has awarded Kingspan Access Floors Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

4 Weak

size

Size

annual sales of £65.4m, make it larger than the average company (£415k)

£65.4m - Kingspan Access Floors Limited

£415k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (7.9%)

9% - Kingspan Access Floors Limited

7.9% - Industry AVG

production

Production

with a gross margin of 21.8%, this company has a higher cost of product (29.8%)

21.8% - Kingspan Access Floors Limited

29.8% - Industry AVG

profitability

Profitability

an operating margin of 3.6% make it less profitable than the average company (6.8%)

3.6% - Kingspan Access Floors Limited

6.8% - Industry AVG

employees

Employees

with 133 employees, this is above the industry average (3)

133 - Kingspan Access Floors Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £61.6k, the company has a higher pay structure (£39.6k)

£61.6k - Kingspan Access Floors Limited

£39.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £491.6k, this is more efficient (£158.3k)

£491.6k - Kingspan Access Floors Limited

£158.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 53 days, this is near the average (55 days)

53 days - Kingspan Access Floors Limited

55 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 39 days, this is close to average (37 days)

39 days - Kingspan Access Floors Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 32 days, this is more than average (16 days)

32 days - Kingspan Access Floors Limited

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 27 weeks, this is average cash available to meet short term requirements (26 weeks)

27 weeks - Kingspan Access Floors Limited

26 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 39.1%, this is a lower level of debt than the average (58.5%)

39.1% - Kingspan Access Floors Limited

58.5% - Industry AVG

KINGSPAN ACCESS FLOORS LIMITED financials

EXPORTms excel logo

Kingspan Access Floors Limited's latest turnover from December 2023 is £65.4 million and the company has net assets of £26.4 million. According to their latest financial statements, Kingspan Access Floors Limited has 133 employees and maintains cash reserves of £7.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover65,382,84568,891,11258,481,05650,327,36258,289,30962,341,87167,762,16359,463,22846,369,65745,083,63142,802,54538,783,42836,358,83735,991,42947,488,128
Other Income Or Grants000000000000000
Cost Of Sales51,112,23758,079,91248,949,70941,421,50046,844,72149,881,76055,562,62347,833,40738,086,14735,639,87434,164,51732,316,46930,100,56130,068,20838,488,639
Gross Profit14,270,60810,811,2009,531,3478,905,86211,444,58812,460,11112,199,54011,629,8218,283,5109,443,7578,638,0286,466,9596,258,2765,923,2218,999,489
Admin Expenses11,938,4978,945,5366,457,7745,594,5227,706,2105,777,1985,429,3495,020,1754,675,7634,495,2063,958,4133,478,5233,526,1153,170,0864,447,894
Operating Profit2,332,1111,865,6643,073,5733,311,3403,738,3786,682,9136,770,1916,609,6463,607,7474,948,5514,679,6152,988,4362,732,1612,753,1354,551,595
Interest Payable2,1293,0567,08724,8296,0006,20100006,00076,760270,915179,959169,916
Interest Receivable33,00010,0002,0006,00030,728014,93219,0009,00010,0000000163,558
Pre-Tax Profit2,362,9821,872,6083,068,4863,292,5113,713,6506,689,1146,785,1236,628,6463,616,7474,958,5514,673,6152,911,6762,461,2462,573,1764,545,237
Tax-124,713-10,140-322,735-82,833-189,565-1,071,346-61,000-53,200-152,640-253,650-147,818-154,3851,335,718-8,992-1,251,872
Profit After Tax2,238,2691,862,4682,745,7513,209,6783,524,0855,617,7686,724,1236,575,4463,464,1074,704,9014,525,7972,757,2913,796,9642,564,1843,293,365
Dividends Paid00010,000,0006,000,00004,000,00015,000,0100525,85502,263,2866,538,59000
Retained Profit2,238,2691,862,4682,745,751-6,790,322-2,475,9155,617,7682,724,123-8,424,5643,464,1074,179,0464,525,797494,005-2,741,6262,564,1843,293,365
Employee Costs8,192,3777,480,7836,721,6706,787,6856,884,1086,783,7776,764,6916,610,9686,320,2466,074,3155,590,6235,142,1355,022,3704,797,2335,658,125
Number Of Employees133138129132148153154152154146134132127129134
EBITDA*3,193,2103,118,0244,077,2204,529,9984,899,7347,466,2857,500,4557,335,5334,224,1085,500,8915,133,8293,730,4703,561,2393,921,6555,891,343

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets4,766,5905,176,7975,905,5676,070,49810,609,1319,856,24110,119,2616,884,3658,730,3156,230,6716,033,8035,829,5225,509,6625,774,6516,605,774
Intangible Assets2,149,5411,976,6071,667,3281,667,3281,667,3281,667,3281,667,3281,667,3281,667,3281,667,3281,667,3281,667,3281,900,0702,132,8122,365,554
Investments & Other2,205,7331,499,0001,744,000171,00000070,000409,0000169,0000000
Debtors (Due After 1 year)0001,682,5241,753,9561,814,2491,878,95201,497,682000000
Total Fixed Assets9,121,8648,652,4049,316,8959,591,35012,276,45911,523,56911,786,5898,551,69310,397,6437,897,9997,870,1317,496,8507,409,7327,907,4638,971,328
Stock & work in progress4,520,5414,357,9773,766,8832,240,7313,927,6273,100,7303,126,5643,044,7373,285,2923,675,0962,498,1472,718,4192,731,4102,298,5612,022,293
Trade Debtors9,606,53912,599,9199,283,2798,165,8398,360,8009,777,5867,668,8579,206,6936,318,6445,746,0277,994,5075,015,2113,636,5774,658,1835,248,177
Group Debtors12,116,13911,132,52312,856,1349,083,76611,071,38219,909,4735,427,9658,654,53316,958,6819,985,62110,112,5349,669,32611,149,90434,312,54029,297,088
Misc Debtors716,595647,457827,566141,578317,098152,820117,261113,77678,44082,29182,512109,196246,119326,650277,454
Cash7,297,1547,784,5614,389,2004,395,2075,187,09409,963,2523,097,0002,519,4299,122,3594,168,1241,528,3231,260,738539,060798,932
misc current assets000000000000000
total current assets34,256,96836,522,43731,123,06224,027,12128,864,00132,940,60926,303,89924,116,73929,160,48628,611,39424,855,82419,040,47519,024,74842,134,99437,643,944
total assets43,378,83245,174,84140,439,95733,618,47141,140,46044,464,17838,090,48832,668,43239,558,12936,509,39332,725,95526,537,32526,434,48050,042,45746,615,272
Bank overdraft00000990,178000000000
Bank loan000000000000000
Trade Creditors 5,554,6509,275,6207,475,2815,829,6247,384,1438,501,2067,680,0338,499,9918,139,3058,206,4347,249,0525,768,9115,271,6095,460,8564,263,706
Group/Directors Accounts1,687,6281,584,5961,410,8841,312,456000000104,45061,1583,404,38422,101,06621,254,319
other short term finances000000000000000
hp & lease commitments49,40769,89459,604204,560259,2600000000000
other current liabilities6,408,5507,387,8556,272,2475,688,7304,738,1365,125,1164,851,8793,707,2812,278,2352,696,7752,779,5752,824,4332,939,5224,704,8136,033,917
total current liabilities13,700,23518,317,96515,218,01613,035,37012,381,53914,616,50012,531,91212,207,27210,417,54010,903,20910,133,0778,654,50211,615,51532,266,73531,551,942
loans000000000000000
hp & lease commitments8,3304,70465,072142,72300000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions2,377,4781,853,2551,630,9221,364,9996,395,0844,152,8707,166,9562,850,6802,908,2843,168,7842,807,2422,791,2322,913,8443,155,5352,995,784
total long term liabilities3,266,8082,667,9592,936,9941,507,7223,197,5422,076,4353,583,4781,425,3401,454,1421,584,3922,807,2422,795,6723,306,6643,580,6553,370,984
total liabilities16,967,04320,985,92418,155,01014,543,09215,579,08116,692,93516,115,39013,632,61211,871,68212,487,60112,940,31911,450,17414,922,17935,847,39034,922,926
net assets26,411,78924,188,91722,284,94719,075,37925,561,37927,771,24321,975,09819,035,82027,686,44724,021,79219,785,63615,087,15111,512,30114,195,06711,692,346
total shareholders funds26,411,78924,188,91722,284,94719,075,37925,561,37927,771,24321,975,09819,035,82027,686,44724,021,79219,785,63615,087,15111,512,30114,195,06711,692,346
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit2,332,1111,865,6643,073,5733,311,3403,738,3786,682,9136,770,1916,609,6463,607,7474,948,5514,679,6152,988,4362,732,1612,753,1354,551,595
Depreciation861,0991,252,3601,003,6471,218,6581,161,356783,372730,264725,887616,361552,340454,214509,292596,336935,7781,107,006
Amortisation00000000000232,742232,742232,742232,742
Tax-124,713-10,140-322,735-82,833-189,565-1,071,346-61,000-53,200-152,640-253,650-147,818-154,3851,335,718-8,992-1,251,872
Stock162,564591,0941,526,152-1,686,896826,897-25,83481,827-240,555-389,8041,176,949-220,272-12,991432,849276,2682,022,293
Debtors-1,940,6261,412,9203,893,272-2,429,529-10,150,89216,561,093-2,881,967-6,878,4459,039,508-2,375,6143,395,820-238,867-24,264,7734,474,65434,822,719
Creditors-3,720,9701,800,3391,645,657-1,554,519-1,117,063821,173-819,958360,686-67,129957,3821,480,141497,302-189,2471,197,1504,263,706
Accruals and Deferred Income-979,3051,115,608583,517950,594-386,980273,2371,144,5981,429,046-418,540-82,800-44,858-115,089-1,765,291-1,329,1046,033,917
Deferred Taxes & Provisions524,223222,333265,923-5,030,0852,242,214-3,014,0864,316,276-57,604-260,500361,54216,010-122,612-241,691159,7512,995,784
Cash flow from operations670,5074,242,150830,1582,929,58014,772,335-12,059,99614,880,51116,133,461-5,324,4057,682,0303,261,7564,087,54426,532,652-810,462-18,912,134
Investing Activities
capital expenditure-623,826-832,869-838,7163,319,975-1,914,246-520,352-3,965,1601,120,063-3,116,005-749,208-658,495-829,152-331,347-104,655-10,311,076
Change in Investments706,733-245,0001,573,000171,00000-70,000-339,000409,000-169,000169,0000000
cash flow from investments-1,330,559-587,869-2,411,7163,148,975-1,914,246-520,352-3,895,1601,459,063-3,525,005-580,208-827,495-829,152-331,347-104,655-10,311,076
Financing Activities
Bank loans000000000000000
Group/Directors Accounts103,032173,71298,4281,312,45600000-104,45043,292-3,343,226-18,696,682846,74721,254,319
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments-16,861-50,078-222,60788,023259,2600000000000
other long term liabilities000000000000000
share issue-15,39741,502463,817304,322266,051178,377215,155-226,063200,54857,110172,6883,080,84558,860-61,4638,398,981
interest30,8716,944-5,087-18,82924,728-6,20114,93219,0009,00010,000-6,000-76,760-270,915-179,959-6,358
cash flow from financing101,645172,080334,5511,685,972550,039172,176230,087-207,063209,548-37,340209,980-339,141-18,908,737605,32529,646,942
cash and cash equivalents
cash-487,4073,395,361-6,007-791,8875,187,094-9,963,2526,866,252577,571-6,602,9304,954,2352,639,801267,585721,678-259,872798,932
overdraft0000-990,178990,178000000000
change in cash-487,4073,395,361-6,007-791,8876,177,272-10,953,4306,866,252577,571-6,602,9304,954,2352,639,801267,585721,678-259,872798,932

kingspan access floors limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Kingspan Access Floors Limited Competitor Analysis

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Perform a competitor analysis for kingspan access floors limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in HU9 area or any other competitors across 12 key performance metrics.

kingspan access floors limited Ownership

KINGSPAN ACCESS FLOORS LIMITED group structure

Kingspan Access Floors Limited has no subsidiary companies.

Ultimate parent company

KINGSPAN GROUP PUBLIC LIMITED COMPANY

IE070576

2 parents

KINGSPAN ACCESS FLOORS LIMITED

00076119

KINGSPAN ACCESS FLOORS LIMITED Shareholders

hewetson holdings ltd 100%

kingspan access floors limited directors

Kingspan Access Floors Limited currently has 2 directors. The longest serving directors include Mr Seamus Cussen (Sep 2019) and Mr Paul Kenny (Oct 2022).

officercountryagestartendrole
Mr Seamus Cussen42 years Sep 2019- Director
Mr Paul Kenny51 years Oct 2022- Director

P&L

December 2023

turnover

65.4m

-5%

operating profit

2.3m

+25%

gross margin

21.9%

+39.08%

turnover

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

Balance Sheet

December 2023

net assets

26.4m

+0.09%

total assets

43.4m

-0.04%

cash

7.3m

-0.06%

net assets

Total assets minus all liabilities

kingspan access floors limited company details

company number

00076119

Type

Private limited with Share Capital

industry

43330 - Floor and wall covering

incorporation date

January 1903

age

121

incorporated

UK

ultimate parent company

KINGSPAN GROUP PUBLIC LIMITED COMPANY

accounts

Full Accounts

last accounts submitted

December 2023

previous names

hewetson floors limited (May 2001)

j.a.hewetson & co limited (May 1985)

accountant

-

auditor

ERNST & YOUNG

address

marfleet, hull, yorks, HU9 5SG

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

EVERSHEDS SUTHERLAND

kingspan access floors 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 7 charges/mortgages relating to kingspan access floors limited. Currently there are 3 open charges and 4 have been satisfied in the past.

charges

kingspan access floors limited Companies House Filings - See Documents

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