renold power transmission limited

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renold power transmission limited Company Information

Share RENOLD POWER TRANSMISSION LIMITED

Company Number

00182382

Shareholders

renold plc

Group Structure

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Industry

Manufacture of wire products, chain and springs

 +1

Registered Address

trident 2 trident business park, styal road, wythenshawe, M22 5XB

renold power transmission limited Estimated Valuation

£44.1m

Pomanda estimates the enterprise value of RENOLD POWER TRANSMISSION LIMITED at £44.1m based on a Turnover of £42.6m and 1.03x industry multiple (adjusted for size and gross margin).

renold power transmission limited Estimated Valuation

£91.5m

Pomanda estimates the enterprise value of RENOLD POWER TRANSMISSION LIMITED at £91.5m based on an EBITDA of £10.9m and a 8.38x industry multiple (adjusted for size and gross margin).

renold power transmission limited Estimated Valuation

£27.6m

Pomanda estimates the enterprise value of RENOLD POWER TRANSMISSION LIMITED at £27.6m based on Net Assets of £13m and 2.12x industry multiple (adjusted for liquidity).

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Renold Power Transmission Limited Overview

Renold Power Transmission Limited is a live company located in wythenshawe, M22 5XB with a Companies House number of 00182382. It operates in the manufacture of wire products, chain and springs sector, SIC Code 25930. Founded in June 1922, it's largest shareholder is renold plc with a 100% stake. Renold Power Transmission Limited is a mature, large sized company, Pomanda has estimated its turnover at £42.6m with low growth in recent years.

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Renold Power Transmission Limited Health Check

Pomanda's financial health check has awarded Renold Power Transmission Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £42.6m, make it larger than the average company (£17.6m)

£42.6m - Renold Power Transmission Limited

£17.6m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (9.8%)

3% - Renold Power Transmission Limited

9.8% - Industry AVG

production

Production

with a gross margin of 22.6%, this company has a comparable cost of product (22.6%)

22.6% - Renold Power Transmission Limited

22.6% - Industry AVG

profitability

Profitability

an operating margin of 22.4% make it more profitable than the average company (6.4%)

22.4% - Renold Power Transmission Limited

6.4% - Industry AVG

employees

Employees

with 226 employees, this is above the industry average (80)

226 - Renold Power Transmission Limited

80 - Industry AVG

paystructure

Pay Structure

on an average salary of £46.5k, the company has an equivalent pay structure (£44.9k)

£46.5k - Renold Power Transmission Limited

£44.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £188.5k, this is equally as efficient (£192.4k)

£188.5k - Renold Power Transmission Limited

£192.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 43 days, this is near the average (52 days)

43 days - Renold Power Transmission Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 37 days, this is slower than average (31 days)

37 days - Renold Power Transmission Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 66 days, this is less than average (109 days)

66 days - Renold Power Transmission Limited

109 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (12 weeks)

5 weeks - Renold Power Transmission Limited

12 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 57.8%, this is a higher level of debt than the average (37.4%)

57.8% - Renold Power Transmission Limited

37.4% - Industry AVG

RENOLD POWER TRANSMISSION LIMITED financials

EXPORTms excel logo

Renold Power Transmission Limited's latest turnover from March 2024 is £42.6 million and the company has net assets of £13 million. According to their latest financial statements, Renold Power Transmission Limited has 226 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover42,600,00038,970,00037,016,00039,167,00050,496,00050,187,00049,822,00046,445,00045,608,00049,175,00054,979,00055,870,00057,811,00051,334,00041,979,000
Other Income Or Grants000000000000000
Cost Of Sales32,974,50328,813,90628,326,28030,615,02737,581,85637,423,49036,233,57632,441,90332,345,57935,001,45640,168,26243,288,02244,724,53838,108,72031,952,420
Gross Profit9,625,49710,156,0948,689,7208,551,97312,914,14412,763,51013,588,42414,003,09713,262,42114,173,54414,810,73812,581,97813,086,46213,225,28010,026,580
Admin Expenses65,4975,736,0944,180,7204,644,9737,772,1445,318,5108,464,42413,416,0979,697,42110,898,5444,147,73856,476,97812,929,46213,150,28011,086,580
Operating Profit9,560,0004,420,0004,509,0003,907,0005,142,0007,445,0005,124,000587,0003,565,0003,275,00010,663,000-43,895,000157,00075,000-1,060,000
Interest Payable1,822,0002,083,0001,697,0002,027,0002,461,0002,391,0002,236,0002,177,0002,259,0002,635,000491,00081,0004,00017,00013,000
Interest Receivable1,326,000843,000697,000505,0000001,061,0001,092,0001,121,00000000
Pre-Tax Profit9,064,0007,331,0003,509,0002,385,0002,681,0005,054,0002,859,000-343,000544,000-854,00010,172,000-43,976,000153,00058,000-1,073,000
Tax1,330,000853,000700,000763,000-138,000-753,000-172,000197,000165,000-32,000-3,178,000-179,000-730,000-490,000-263,000
Profit After Tax10,394,0008,184,0004,209,0003,148,0002,543,0004,301,0002,687,000-146,000709,000-886,0006,994,000-44,155,000-577,000-432,000-1,336,000
Dividends Paid00000000287,000000000
Retained Profit10,394,0008,184,0004,209,0003,148,0002,543,0004,301,0002,687,000-146,000422,000-886,0006,994,000-44,155,000-577,000-432,000-1,336,000
Employee Costs10,517,0009,746,00010,445,0009,086,00011,542,00011,124,00011,936,00011,769,00011,672,00012,725,00017,128,00019,138,00019,852,00018,935,00016,282,000
Number Of Employees226224229246249269304317326339518615615577571
EBITDA*10,920,0005,855,0006,315,0005,759,0006,104,0008,331,0006,037,0001,400,0004,343,0003,376,00011,430,000-42,709,0001,299,0001,213,000100,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets8,827,0007,941,00018,468,00023,024,00013,100,0007,582,00043,730,00046,140,00043,036,00041,655,0004,603,0005,187,0008,401,0008,351,0008,588,000
Intangible Assets1,277,0002,138,000431,00032,00054,00096,000141,000213,000168,000288,00000000
Investments & Other3,661,0002,383,0000033,669,00034,644,00000001,339,0001,339,0007,641,00000
Debtors (Due After 1 year)004,453,0005,799,0000026,803,00028,425,00029,042,00028,672,00000000
Total Fixed Assets13,765,00012,462,00014,446,00018,174,00046,823,00042,322,00043,871,00046,353,00043,204,00041,943,0005,942,0006,526,00016,042,0008,351,0008,588,000
Stock & work in progress5,979,0006,512,0005,743,0005,048,0004,925,0005,866,0005,431,0005,478,0005,146,0005,397,0004,909,0007,452,00010,914,0009,131,0008,697,000
Trade Debtors5,134,0005,615,0004,859,0003,960,0008,491,0006,109,0007,072,0007,090,0005,533,0006,609,0006,092,0005,907,0006,497,0005,681,0004,470,000
Group Debtors2,581,0007,230,0001,844,0003,166,0007,065,0006,609,0007,442,0007,023,0004,344,0005,680,0004,679,0006,410,00016,468,00017,259,00014,815,000
Misc Debtors2,221,000789,000585,00096,0002,570,0002,449,0002,523,0002,084,0001,889,0001,680,000450,0004,349,0004,002,0004,580,0005,288,000
Cash1,219,0001,300,000551,0007,969,0005,165,0008,266,0008,979,0009,967,0008,277,00015,473,0005,316,0008,137,0003,146,0002,330,0000
misc current assets000000000000000
total current assets17,134,00021,446,00013,582,00020,239,00028,216,00029,299,00031,447,00031,642,00025,189,00034,839,00021,446,00032,255,00041,027,00038,981,00033,270,000
total assets30,899,00033,908,00028,028,00038,413,00075,039,00071,621,00075,318,00077,995,00068,393,00076,782,00027,388,00038,781,00057,069,00047,332,00041,858,000
Bank overdraft1,557,000898,000166,0001,679,000006,391,0009,240,0007,700,00015,326,0005,734,00019,376,00022,642,00019,383,00013,965,000
Bank loan06,000,0000000000000000
Trade Creditors 3,395,0004,210,0002,930,0002,663,0002,696,0003,760,0002,926,0004,047,0003,546,0003,642,0003,696,0005,202,0006,866,0004,906,0005,505,000
Group/Directors Accounts1,547,0006,335,0000014,738,00010,588,000000016,050,00025,175,00010,062,0005,082,0004,838,000
other short term finances000000000000000
hp & lease commitments296,000885,0001,022,0001,027,0001,494,000000000003,00088,000
other current liabilities5,148,0002,344,0004,321,0005,038,0002,646,0002,542,0008,580,00010,289,0006,399,0004,107,0002,587,0002,870,0003,025,0002,898,0001,967,000
total current liabilities11,943,00020,672,0008,439,00010,407,00021,574,00016,890,00017,897,00023,576,00017,645,00023,075,00028,067,00052,623,00042,595,00032,272,00026,363,000
loans323,000158,00030,738,00050,967,00028,393,00035,781,00031,136,00030,926,00030,296,00029,608,00015,731,00015,839,000000
hp & lease commitments720,0004,950,0005,684,0009,533,00010,519,000000000009,00012,000
Accruals and Deferred Income000000000000000
other liabilities00000022,195,00020,876,00017,738,00018,599,00000000
provisions2,906,0002,246,00033,252,00048,682,00002,462,000110,130,000113,930,00086,862,00075,924,0006,277,0000000
total long term liabilities5,925,00013,725,00033,680,00053,516,00089,896,00092,659,00092,828,00093,304,00076,317,00071,365,00022,008,00015,839,00009,00012,000
total liabilities17,868,00034,397,00042,119,00063,923,000111,470,000109,549,000110,725,000116,880,00093,962,00094,440,00050,075,00068,462,00042,595,00032,281,00026,375,000
net assets13,031,000-489,000-14,091,000-25,510,000-36,431,000-37,928,000-35,407,000-38,885,000-25,569,000-17,658,000-22,687,000-29,681,00014,474,00015,051,00015,483,000
total shareholders funds13,031,000-489,000-14,091,000-25,510,000-36,431,000-37,928,000-35,407,000-38,885,000-25,569,000-17,658,000-22,687,000-29,681,00014,474,00015,051,00015,483,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit9,560,0004,420,0004,509,0003,907,0005,142,0007,445,0005,124,000587,0003,565,0003,275,00010,663,000-43,895,000157,00075,000-1,060,000
Depreciation944,000947,0001,707,0001,833,000922,000835,000819,000684,000643,0000767,0001,186,0001,142,0001,138,0001,160,000
Amortisation416,000488,00099,00019,00040,00051,00094,000129,000135,000101,00000000
Tax1,330,000853,000700,000763,000-138,000-753,000-172,000197,000165,000-32,000-3,178,000-179,000-730,000-490,000-263,000
Stock-533,000769,000695,000123,000-941,000435,000-47,000332,000-251,000488,000-2,543,000-3,462,0001,783,000434,0008,697,000
Debtors-3,698,0001,893,000-1,280,000-5,105,0002,959,000-28,673,000-782,0003,814,000-1,833,00031,420,000-5,445,000-10,301,000-553,0002,947,00024,573,000
Creditors-815,0001,280,000267,000-33,000-1,064,000834,000-1,121,000501,000-96,000-54,000-1,506,000-1,664,0001,960,000-599,0005,505,000
Accruals and Deferred Income2,804,000-1,977,000-717,0002,392,000104,000-6,038,000-1,709,0003,890,0002,292,0001,520,000-283,000-155,000127,000931,0001,967,000
Deferred Taxes & Provisions660,000-31,006,000-15,430,00048,682,000-2,462,000-107,668,000-3,800,00027,068,00010,938,00069,647,0006,277,0000000
Cash flow from operations19,130,000-27,657,000-8,280,00062,545,000526,000-77,056,00064,00028,910,00019,726,00042,549,00020,728,000-30,944,0001,426,000-2,326,000-25,961,000
Investing Activities
capital expenditure-1,385,0007,385,0002,351,000-11,754,000-6,438,00035,307,0001,569,000-3,962,000-2,039,000-37,441,000-183,0002,028,000-1,192,000-901,000-9,748,000
Change in Investments1,278,0002,383,0000-33,669,000-975,00034,644,000000-1,339,0000-6,302,0007,641,00000
cash flow from investments-2,663,0005,002,0002,351,00021,915,000-5,463,000663,0001,569,000-3,962,000-2,039,000-36,102,000-183,0008,330,000-8,833,000-901,000-9,748,000
Financing Activities
Bank loans-6,000,0006,000,0000000000000000
Group/Directors Accounts-4,788,0006,335,0000-14,738,0004,150,00010,588,000000-16,050,000-9,125,00015,113,0004,980,000244,0004,838,000
Other Short Term Loans 000000000000000
Long term loans165,000-30,580,000-20,229,00022,574,000-7,388,0004,645,000210,000630,000688,00013,877,000-108,00015,839,000000
Hire Purchase and Lease Commitments-4,819,000-871,000-3,854,000-1,453,00012,013,0000000000-12,000-88,000100,000
other long term liabilities00000-22,195,0001,319,0003,138,000-861,00018,599,00000000
share issue3,126,0005,418,0007,210,0007,773,000-1,046,000-6,822,000791,000-13,170,000-8,333,0005,915,000000016,819,000
interest-496,000-1,240,000-1,000,000-1,522,000-2,461,000-2,391,000-2,236,000-1,116,000-1,167,000-1,514,000-491,000-81,000-4,000-17,000-13,000
cash flow from financing-12,812,000-14,938,000-17,873,00012,634,0005,268,000-16,175,00084,000-10,518,000-9,673,00020,827,000-9,724,00030,871,0004,964,000139,00021,744,000
cash and cash equivalents
cash-81,000749,000-7,418,0002,804,000-3,101,000-713,000-988,0001,690,000-7,196,00010,157,000-2,821,0004,991,000816,0002,330,0000
overdraft659,000732,000-1,513,0001,679,0000-6,391,000-2,849,0001,540,000-7,626,0009,592,000-13,642,000-3,266,0003,259,0005,418,00013,965,000
change in cash-740,00017,000-5,905,0001,125,000-3,101,0005,678,0001,861,000150,000430,000565,00010,821,0008,257,000-2,443,000-3,088,000-13,965,000

renold power transmission 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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Renold Power Transmission Limited Competitor Analysis

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Perform a competitor analysis for renold power transmission limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in M22 area or any other competitors across 12 key performance metrics.

renold power transmission limited Ownership

RENOLD POWER TRANSMISSION LIMITED group structure

Renold Power Transmission Limited has 2 subsidiary companies.

RENOLD POWER TRANSMISSION LIMITED Shareholders

renold plc 100%

renold power transmission limited directors

Renold Power Transmission Limited currently has 5 directors. The longest serving directors include Mr Michael Wallwork (Feb 2018) and Mr Andrew Buller (Dec 2019).

officercountryagestartendrole
Mr Michael Wallwork53 years Feb 2018- Director
Mr Andrew Buller42 years Dec 2019- Director
Mr Adam WorsleyUnited Kingdom43 years Dec 2019- Director
Mr Andrew Buller42 years Dec 2019- Director
Mr James HaugheyEngland58 years May 2021- Director

P&L

March 2024

turnover

42.6m

+9%

operating profit

9.6m

+116%

gross margin

22.6%

-13.3%

turnover

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

Balance Sheet

March 2024

net assets

13m

-27.65%

total assets

30.9m

-0.09%

cash

1.2m

-0.06%

net assets

Total assets minus all liabilities

renold power transmission limited company details

company number

00182382

Type

Private limited with Share Capital

industry

25930 - Manufacture of wire products, chain and springs

28150 - Manufacture of bearings, gears, gearing and driving elements

incorporation date

June 1922

age

103

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

sibleys (1922) limited (December 1981)

accountant

-

auditor

BDO LLP

address

trident 2 trident business park, styal road, wythenshawe, M22 5XB

Bank

HSBC BANK PLC

Legal Advisor

-

renold power transmission 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 18 charges/mortgages relating to renold power transmission limited. Currently there are 5 open charges and 13 have been satisfied in the past.

renold power transmission limited 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 RENOLD POWER TRANSMISSION LIMITED. This can take several minutes, an email will notify you when this has completed.

renold power transmission limited Companies House Filings - See Documents

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