Gold & Wassall (hinges) Limited

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gold & wassall (hinges) limited Company Information

Live

MatureSmallLow

Company Number

00150925

Website

www.goldwassallhinges.co.uk

Registered Address

castle works, lichfield road industrial estate, tamworth, staffs, B79 7TH

Industry

Manufacture of cutlery

Telephone

44182763391

Next Accounts Due

December 2024

Group Structure

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Directors

Timothy Fellows33 Years

Christopher Fellows33 Years

Shareholders

gold & wassall (holdings) limited 100%

gold & wassall (hinges) limited Estimated Valuation

£0 - £4.9m

The estimated valuation range for gold & wassall (hinges) limited, derived from financial data as of March 2023 and the most recent industry multiples, is between £0 to £4.9m

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Gold & Wassall (hinges) Limited AI Business Plan

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Gold & Wassall (hinges) Limited is a live company located in tamworth, B79 7TH with a Companies House number of 00150925. It operates in the manufacture of cutlery sector, SIC Code 25710. Founded in July 1918, it's largest shareholder is gold & wassall (holdings) limited with a 100% stake. Gold & Wassall (hinges) Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.4m with low growth in recent years.

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Pomanda's financial health check has awarded Gold & Wassall (Hinges) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

2 Strong

6 Regular

4 Weak

Size

annual sales of £4.4m, make it smaller than the average company (£6.9m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (10.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GOLD & WASSALL (HINGES) LIMITED group structure

Gold & Wassall (Hinges) Limited has no subsidiary companies.

Ultimate parent company

GOLD & WASSALL (HOLDINGS) LIMITED

13052511

1 parent

GOLD & WASSALL (HINGES) LIMITED

00150925

GOLD & WASSALL (HINGES) LIMITED Shareholders

gold & wassall (holdings) limited

100%

Gold & Wassall (Hinges) Limited currently has 2 directors. The longest serving directors include Mr Timothy Fellows (Dec 1990) and Mr Christopher Fellows (Dec 1990).

officer	country	age	start	end	role
Mr Timothy Fellows	United Kingdom	69 years	Dec 1990	-	Director
Mr Christopher Fellows	United Kingdom	72 years	Dec 1990	-	Director

EXPORT

Gold & Wassall (Hinges) Limited's latest turnover from March 2023 is estimated at £4.4 million and the company has net assets of £2.5 million. According to their latest financial statements, Gold & Wassall (Hinges) Limited has 59 employees and maintains cash reserves of £756.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	4,381,911	4,482,268	3,751,493	4,316,764	4,517,815	4,365,491	3,928,086	4,105,576	4,282,730	4,013,965	3,872,616	4,270,908	3,966,517	3,592,391
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,911,709	2,978,395	2,450,674	2,979,268	2,848,411	2,758,002	2,372,498	2,435,047	2,484,144	2,286,960	1,980,063	2,451,437	2,184,018	2,010,466
Gross Profit	1,470,202	1,503,873	1,300,819	1,337,496	1,669,404	1,607,489	1,555,588	1,670,529	1,798,586	1,727,005	1,892,553	1,819,471	1,782,499	1,581,925
Admin Expenses	1,617,877	1,593,074	1,350,984	1,454,328	1,548,504	1,412,953	1,511,212	1,469,511	1,607,884	1,524,958	1,743,106	1,522,683	1,562,581	1,409,565
Operating Profit	-147,675	-89,201	-50,165	-116,832	120,900	194,536	44,376	201,018	190,702	202,047	149,447	296,788	219,918	172,360
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	35,989	909	3,938	6,772	6,097	3,674	3,052	3,443	3,380	8,973	5,384	335	135	137
Pre-Tax Profit	-111,686	-88,292	-46,227	-60	126,997	523,210	47,428	204,461	429,082	211,020	154,831	297,123	220,053	172,497
Tax	0	4,138	23,377	5,206	-36,230	-43,274	-13,466	-45,139	-43,332	-44,315	-37,504	-62,952	-49,556	-38,160
Profit After Tax	-111,686	-84,154	-22,850	5,146	90,767	479,936	33,962	159,322	385,750	166,705	117,327	234,171	170,497	134,337
Dividends Paid	0	122,562	2,222,562	122,562	122,561	122,561	122,561	122,562	122,561	122,561	122,561	122,561	122,561	132,825
Retained Profit	-111,686	-206,716	-2,245,412	-117,416	-31,794	357,375	-88,599	36,760	263,189	44,144	-5,234	111,610	47,936	1,512
Employee Costs	1,994,330	2,001,747	1,782,522	2,009,745	1,974,055	1,824,661	1,748,024	1,793,982	1,781,330	1,755,270	1,625,093	1,748,826	1,583,455	1,477,113
Number Of Employees	59	60	60	54	59	52	50	51	51	52	52	53	57	56
EBITDA*	-20,325	13,772	63,479	-5,364	229,758	301,843	153,442	301,859	298,370	318,087	256,279	409,505	336,979	300,932

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	824,566	711,601	724,373	806,757	835,074	866,166	864,955	878,671	885,184	961,755	913,613	2,389,116	2,381,578	2,390,815
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	2,100,000	1,990,000	1,990,000	1,665,000	1,665,000	1,665,000	1,430,000	1,430,000	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	824,566	711,601	724,373	2,906,757	2,825,074	2,856,166	2,529,955	2,543,671	2,550,184	2,391,755	2,343,613	2,389,116	2,381,578	2,390,815
Stock & work in progress	708,504	734,953	663,815	721,656	732,421	659,361	643,566	600,552	641,963	664,580	622,724	719,233	668,221	614,561
Trade Debtors	904,264	887,634	916,098	831,920	1,021,838	904,889	902,981	780,962	829,475	812,759	863,763	913,555	892,843	703,308
Group Debtors	1,001	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	57,559	59,572	179,948	178,611	164,227	43,524	164,679	167,307	67,319	36,074	128,160	48,222	148,851	68,617
Cash	756,673	936,912	1,129,721	1,231,995	1,400,070	1,516,636	1,422,248	1,612,468	1,613,389	1,529,500	1,496,863	1,333,947	1,142,820	1,321,914
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,428,001	2,619,071	2,889,582	2,964,182	3,318,556	3,124,410	3,133,474	3,161,289	3,152,146	3,042,913	3,111,510	3,014,957	2,852,735	2,708,400
total assets	3,252,567	3,330,672	3,613,955	5,870,939	6,143,630	5,980,576	5,663,429	5,704,960	5,702,330	5,434,668	5,455,123	5,404,073	5,234,313	5,099,215
Bank overdraft	0	0	0	0	0	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	391,820	378,465	471,219	461,021	540,672	365,429	445,395	371,777	385,912	331,620	443,255	368,369	503,493	275,283
Group/Directors Accounts	0	5,268	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	374,312	348,818	337,899	324,669	412,293	392,688	348,950	380,000	407,495	448,314	405,278	423,880	268,606	287,153
total current liabilities	766,132	732,551	809,118	785,690	952,965	758,117	794,345	751,777	793,407	779,934	848,533	792,249	772,099	562,436
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	35,000	23,000	23,000	27,000	22,500	15,000	24,000	20,000	20,000	12,000	7,000
total long term liabilities	0	0	0	35,000	23,000	23,000	27,000	22,500	15,000	24,000	20,000	20,000	12,000	7,000
total liabilities	766,132	732,551	809,118	820,690	975,965	781,117	821,345	774,277	808,407	803,934	868,533	812,249	784,099	569,436
net assets	2,486,435	2,598,121	2,804,837	5,050,249	5,167,665	5,199,459	4,842,084	4,930,683	4,893,923	4,630,734	4,586,590	4,591,824	4,450,214	4,529,779
total shareholders funds	2,486,435	2,598,121	2,804,837	5,050,249	5,167,665	5,199,459	4,842,084	4,930,683	4,893,923	4,630,734	4,586,590	4,591,824	4,450,214	4,529,779

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-147,675	-89,201	-50,165	-116,832	120,900	194,536	44,376	201,018	190,702	202,047	149,447	296,788	219,918	172,360
Depreciation	127,350	102,973	113,644	111,468	108,858	107,307	109,066	100,841	107,668	116,040	106,832	112,717	117,061	128,572
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	4,138	23,377	5,206	-36,230	-43,274	-13,466	-45,139	-43,332	-44,315	-37,504	-62,952	-49,556	-38,160
Stock	-26,449	71,138	-57,841	-10,765	73,060	15,795	43,014	-41,411	-22,617	41,856	-96,509	51,012	53,660	614,561
Debtors	15,618	-148,840	85,515	-175,534	237,652	-119,247	119,391	51,475	47,961	-143,090	30,146	-79,917	269,769	771,925
Creditors	13,355	-92,754	10,198	-79,651	175,243	-79,966	73,618	-14,135	54,292	-111,635	74,886	-135,124	228,210	275,283
Accruals and Deferred Income	25,494	10,919	13,230	-87,624	19,605	43,738	-31,050	-27,495	-40,819	43,036	-18,602	155,274	-18,547	287,153
Deferred Taxes & Provisions	0	0	-35,000	12,000	0	-4,000	4,500	7,500	-9,000	4,000	0	8,000	5,000	7,000
Cash flow from operations	29,355	13,777	47,610	30,866	77,664	321,793	24,639	212,526	234,167	310,407	341,422	403,608	178,657	-554,278
Investing Activities
capital expenditure	-240,315	-90,201	-31,260	0	0	-94,545	-88,722	-93,309	-37,706	-168,731	-59,702	-95,455	-92,565	-19,710
Change in Investments	0	0	-2,100,000	110,000	0	325,000	0	0	235,000	0	1,430,000	0	0	0
cash flow from investments	-240,315	-90,201	2,068,740	-110,000	0	-419,545	-88,722	-93,309	-272,706	-168,731	-1,489,702	-95,455	-92,565	-19,710
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-5,268	5,268	0	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	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	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	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	30,000	-127,501	4,528,267
interest	35,989	909	3,938	6,772	6,097	3,674	3,052	3,443	3,380	8,973	5,384	335	135	137
cash flow from financing	30,721	6,177	3,938	6,772	6,097	3,674	3,052	3,443	3,380	8,973	5,384	30,335	-127,366	4,528,404
cash and cash equivalents
cash	-180,239	-192,809	-102,274	-168,075	-116,566	94,388	-190,220	-921	83,889	32,637	162,916	191,127	-179,094	1,321,914
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-180,239	-192,809	-102,274	-168,075	-116,566	94,388	-190,220	-921	83,889	32,637	162,916	191,127	-179,094	1,321,914

P&L

March 2023

turnover

4.4m

-2%

operating profit

-147.7k

gross margin

33.6%

turnover

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

Balance Sheet

March 2023

net assets

2.5m

-0.04%

total assets

3.3m

-0.02%

cash

756.7k

-0.19%

net assets

Total assets minus all liabilities

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company number

00150925

Type

Private limited with Share Capital

industry

25710 - Manufacture of cutlery

incorporation date

July 1918

age

106

accounts

Small Company

ultimate parent company

GOLD & WASSALL (HOLDINGS) LIMITED

previous names

N/A

incorporated

address

castle works, lichfield road industrial estate, tamworth, staffs, B79 7TH

last accounts submitted

March 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 found 1 charges/mortgages relating to gold & wassall (hinges) limited. Currently there are 0 open charges and 1 have been satisfied in the past.

gold & wassall (hinges) limited Company Information

gold & wassall (hinges) limited Estimated Valuation

gold & wassall (hinges) limited Estimated Valuation

gold & wassall (hinges) limited Estimated Valuation

Gold & Wassall (hinges) Limited AI Business Plan

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