kilfrost limited
kilfrost limited Company Information
Company Number
00297731
Website
www.kilfrost.comRegistered Address
albion works albion works, haltwhistle, northumberland, NE49 0HJ
Industry
Manufacture of other chemical products n.e.c.
Telephone
01434320332
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
kilfrost group limited 100%
kilfrost limited Estimated Valuation
Pomanda estimates the enterprise value of KILFROST LIMITED at £21.4m based on a Turnover of £25.5m and 0.84x industry multiple (adjusted for size and gross margin).
kilfrost limited Estimated Valuation
Pomanda estimates the enterprise value of KILFROST LIMITED at £26.5m based on an EBITDA of £4.3m and a 6.12x industry multiple (adjusted for size and gross margin).
kilfrost limited Estimated Valuation
Pomanda estimates the enterprise value of KILFROST LIMITED at £13.1m based on Net Assets of £6.4m and 2.06x industry multiple (adjusted for liquidity).
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Kilfrost Limited Overview
Kilfrost Limited is a live company located in northumberland, NE49 0HJ with a Companies House number of 00297731. It operates in the manufacture of other chemical products n.e.c. sector, SIC Code 20590. Founded in February 1935, it's largest shareholder is kilfrost group limited with a 100% stake. Kilfrost Limited is a mature, large sized company, Pomanda has estimated its turnover at £25.5m with high growth in recent years.
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Kilfrost Limited Health Check
Pomanda's financial health check has awarded Kilfrost Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £25.5m, make it larger than the average company (£19.8m)
£25.5m - Kilfrost Limited
£19.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (7.2%)
25% - Kilfrost Limited
7.2% - Industry AVG
Production
with a gross margin of 24.8%, this company has a comparable cost of product (27.8%)
24.8% - Kilfrost Limited
27.8% - Industry AVG
Profitability
an operating margin of 16.7% make it more profitable than the average company (5.9%)
16.7% - Kilfrost Limited
5.9% - Industry AVG
Employees
with 29 employees, this is below the industry average (58)
29 - Kilfrost Limited
58 - Industry AVG
Pay Structure
on an average salary of £57.9k, the company has an equivalent pay structure (£48.9k)
£57.9k - Kilfrost Limited
£48.9k - Industry AVG
Efficiency
resulting in sales per employee of £879.8k, this is more efficient (£331.8k)
£879.8k - Kilfrost Limited
£331.8k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (57 days)
3 days - Kilfrost Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 39 days, this is close to average (40 days)
39 days - Kilfrost Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 45 days, this is less than average (71 days)
45 days - Kilfrost Limited
71 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 37 weeks, this is more cash available to meet short term requirements (13 weeks)
37 weeks - Kilfrost Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 50.3%, this is a higher level of debt than the average (41%)
50.3% - Kilfrost Limited
41% - Industry AVG
KILFROST LIMITED financials
Kilfrost Limited's latest turnover from March 2023 is £25.5 million and the company has net assets of £6.4 million. According to their latest financial statements, Kilfrost Limited has 29 employees and maintains cash reserves of £4.5 million 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 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 25,515,000 | 14,837,000 | 8,956,000 | 12,985,000 | 19,439,000 | 27,609,000 | 18,921,000 | 18,784,000 | 39,239,000 | 49,641,000 | 32,983,000 | 48,406,000 | 44,802,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 19,184,000 | 10,454,000 | 5,837,000 | 8,499,000 | 13,729,000 | 22,685,000 | 14,335,000 | 16,648,000 | 34,349,000 | 37,563,000 | 27,272,000 | 37,887,000 | 35,061,000 |
| Gross Profit | 6,331,000 | 4,383,000 | 3,119,000 | 4,486,000 | 5,710,000 | 4,924,000 | 4,586,000 | 2,136,000 | 4,890,000 | 12,078,000 | 5,711,000 | 10,519,000 | 9,741,000 |
| Admin Expenses | 2,079,000 | 1,790,000 | 2,299,000 | 2,590,000 | 2,590,000 | 2,543,000 | 2,350,000 | 2,695,000 | 5,527,000 | 3,918,000 | 4,280,000 | 3,663,000 | 5,661,000 |
| Operating Profit | 4,252,000 | 2,593,000 | 820,000 | 1,896,000 | 3,120,000 | 2,381,000 | 2,236,000 | -559,000 | -637,000 | 8,160,000 | 1,431,000 | 6,856,000 | 4,080,000 |
| Interest Payable | 53,000 | 54,000 | 53,000 | 57,000 | 85,000 | 218,000 | 114,000 | 337,000 | 485,000 | 212,000 | 291,000 | 232,000 | 152,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 1,000 | 0 | 1,000 | 2,000 | 6,000 | 0 | 8,000 | 21,000 |
| Pre-Tax Profit | 3,296,000 | 1,587,000 | -1,085,000 | 406,000 | 558,000 | -1,891,000 | 2,122,000 | -895,000 | -1,901,000 | 7,954,000 | 1,140,000 | 6,632,000 | 3,949,000 |
| Tax | -511,000 | -30,000 | 0 | 0 | 0 | 0 | 183,000 | 0 | 970,000 | -888,000 | 296,000 | -1,055,000 | -355,000 |
| Profit After Tax | 2,785,000 | 1,557,000 | -1,085,000 | 406,000 | 558,000 | -1,891,000 | 2,305,000 | -895,000 | -931,000 | 7,066,000 | 1,436,000 | 5,577,000 | 3,594,000 |
| Dividends Paid | 0 | 2,500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,571,000 | 1,500,000 | 2,500,000 | 2,500,000 |
| Retained Profit | 2,785,000 | -943,000 | -1,085,000 | 406,000 | 558,000 | -1,891,000 | 2,305,000 | -895,000 | -931,000 | -3,505,000 | -64,000 | 3,077,000 | 1,094,000 |
| Employee Costs | 1,679,000 | 1,370,000 | 1,515,000 | 1,590,000 | 1,588,000 | 1,531,000 | 1,334,000 | 1,738,000 | 3,248,000 | 2,485,000 | 2,342,000 | 2,349,000 | 2,336,000 |
| Number Of Employees | 29 | 33 | 38 | 37 | 36 | 36 | 36 | 50 | 61 | 65 | 62 | 62 | 52 |
| EBITDA* | 4,327,000 | 2,676,000 | 910,000 | 1,969,000 | 3,193,000 | 2,474,000 | 2,390,000 | -329,000 | -159,000 | 8,509,000 | 1,825,000 | 7,126,000 | 4,384,000 |
* 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 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 712,000 | 769,000 | 843,000 | 853,000 | 435,000 | 471,000 | 517,000 | 619,000 | 820,000 | 1,228,000 | 1,270,000 | 1,349,000 | 891,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 250,000 | 247,000 | 208,000 | 27,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 712,000 | 769,000 | 843,000 | 853,000 | 435,000 | 471,000 | 517,000 | 619,000 | 820,000 | 1,478,000 | 1,517,000 | 1,557,000 | 918,000 |
| Stock & work in progress | 2,394,000 | 3,475,000 | 1,960,000 | 2,564,000 | 3,963,000 | 1,933,000 | 4,702,000 | 5,915,000 | 12,385,000 | 11,476,000 | 11,232,000 | 10,723,000 | 9,556,000 |
| Trade Debtors | 279,000 | 0 | 7,000 | 0 | 128,000 | 2,305,000 | 926,000 | 108,000 | 3,384,000 | 1,920,000 | 1,217,000 | 1,392,000 | 1,926,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 2,605,000 | 323,000 | 1,933,000 | 2,174,000 | 7,395,000 | 7,397,000 | 4,598,000 |
| Misc Debtors | 4,960,000 | 2,542,000 | 2,813,000 | 2,238,000 | 2,729,000 | 6,965,000 | 1,757,000 | 4,531,000 | 110,000 | 203,000 | 451,000 | 165,000 | 389,000 |
| Cash | 4,467,000 | 1,660,000 | 1,377,000 | 2,227,000 | 1,417,000 | 731,000 | 591,000 | 97,000 | 222,000 | 216,000 | 26,000 | 838,000 | 2,877,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,100,000 | 7,677,000 | 6,157,000 | 7,029,000 | 8,237,000 | 11,934,000 | 10,581,000 | 10,974,000 | 18,034,000 | 15,989,000 | 20,321,000 | 20,515,000 | 19,346,000 |
| total assets | 12,812,000 | 8,446,000 | 7,000,000 | 7,882,000 | 8,672,000 | 12,405,000 | 11,098,000 | 11,593,000 | 18,854,000 | 17,467,000 | 21,838,000 | 22,072,000 | 20,264,000 |
| Bank overdraft | 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 |
| Trade Creditors | 2,057,000 | 1,076,000 | 1,089,000 | 611,000 | 1,680,000 | 3,597,000 | 2,641,000 | 4,137,000 | 3,633,000 | 5,587,000 | 1,005,000 | 805,000 | 3,959,000 |
| Group/Directors Accounts | 1,980,000 | 2,500,000 | 0 | 0 | 0 | 0 | 0 | 118,000 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | 8,132,000 | 2,832,000 | 7,642,000 | 6,546,000 | 4,507,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,000 | 45,000 |
| other current liabilities | 1,616,000 | 651,000 | 648,000 | 837,000 | 849,000 | 3,138,000 | 788,000 | 1,862,000 | 609,000 | 1,622,000 | 2,260,000 | 3,643,000 | 3,191,000 |
| total current liabilities | 6,153,000 | 4,727,000 | 2,237,000 | 1,948,000 | 3,029,000 | 7,235,000 | 3,929,000 | 6,617,000 | 12,374,000 | 10,041,000 | 10,907,000 | 11,007,000 | 11,702,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 | 500,000 | 500,000 | 500,000 | 1,000,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000 | 15,000 |
| Accruals and Deferred Income | 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 |
| provisions | 0 | 30,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 62,000 | 19,000 | 39,000 | 24,000 |
| total long term liabilities | 292,000 | 523,000 | 749,000 | 702,000 | 813,000 | 815,000 | 977,000 | 637,000 | 1,311,000 | 1,186,000 | 1,240,000 | 858,000 | 1,473,000 |
| total liabilities | 6,445,000 | 5,250,000 | 2,986,000 | 2,650,000 | 3,842,000 | 8,050,000 | 4,906,000 | 7,254,000 | 13,685,000 | 11,227,000 | 12,147,000 | 11,865,000 | 13,175,000 |
| net assets | 6,367,000 | 3,196,000 | 4,014,000 | 5,232,000 | 4,830,000 | 4,355,000 | 6,192,000 | 4,339,000 | 5,169,000 | 6,240,000 | 9,691,000 | 10,207,000 | 7,089,000 |
| total shareholders funds | 6,367,000 | 3,196,000 | 4,014,000 | 5,232,000 | 4,830,000 | 4,355,000 | 6,192,000 | 4,339,000 | 5,169,000 | 6,240,000 | 9,691,000 | 10,207,000 | 7,089,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 4,252,000 | 2,593,000 | 820,000 | 1,896,000 | 3,120,000 | 2,381,000 | 2,236,000 | -559,000 | -637,000 | 8,160,000 | 1,431,000 | 6,856,000 | 4,080,000 |
| Depreciation | 75,000 | 83,000 | 90,000 | 73,000 | 73,000 | 93,000 | 154,000 | 230,000 | 478,000 | 349,000 | 394,000 | 270,000 | 304,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -511,000 | -30,000 | 0 | 0 | 0 | 0 | 183,000 | 0 | 970,000 | -888,000 | 296,000 | -1,055,000 | -355,000 |
| Stock | -1,081,000 | 1,515,000 | -604,000 | -1,399,000 | 2,030,000 | -2,769,000 | -1,213,000 | -6,470,000 | 12,385,000 | 244,000 | 509,000 | 1,167,000 | 9,556,000 |
| Debtors | 2,697,000 | -278,000 | 582,000 | -619,000 | -6,413,000 | 3,982,000 | 326,000 | -465,000 | 5,427,000 | -4,766,000 | 109,000 | 2,041,000 | 6,913,000 |
| Creditors | 981,000 | -13,000 | 478,000 | -1,069,000 | -1,917,000 | 956,000 | -1,496,000 | 504,000 | 3,633,000 | 4,582,000 | 200,000 | -3,154,000 | 3,959,000 |
| Accruals and Deferred Income | 965,000 | 3,000 | -189,000 | -12,000 | -2,289,000 | 2,350,000 | -1,074,000 | 1,253,000 | 609,000 | -638,000 | -1,383,000 | 452,000 | 3,191,000 |
| Deferred Taxes & Provisions | -30,000 | 30,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43,000 | -20,000 | 15,000 | 24,000 |
| Cash flow from operations | 4,116,000 | 1,429,000 | 1,221,000 | 2,906,000 | 3,370,000 | 4,567,000 | 890,000 | 8,363,000 | -12,759,000 | 16,130,000 | 300,000 | 176,000 | -5,266,000 |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,000 | 39,000 | 181,000 | 27,000 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -520,000 | 2,500,000 | 0 | 0 | 0 | 0 | -118,000 | 118,000 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -7,632,000 | 8,132,000 | -4,810,000 | 1,096,000 | 2,039,000 | 4,507,000 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -500,000 | 500,000 | 0 | 0 | -500,000 | 1,000,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15,000 | -45,000 | 60,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -53,000 | -54,000 | -53,000 | -57,000 | -85,000 | -217,000 | -114,000 | -336,000 | -483,000 | -206,000 | -291,000 | -224,000 | -131,000 |
| cash flow from financing | -187,000 | 2,571,000 | -186,000 | -61,000 | -168,000 | -163,000 | -684,000 | -8,285,000 | 14,249,000 | -4,962,000 | 338,000 | 1,311,000 | 11,431,000 |
| cash and cash equivalents | |||||||||||||
| cash | 2,807,000 | 283,000 | -850,000 | 810,000 | 686,000 | 140,000 | 494,000 | -125,000 | 222,000 | 190,000 | -812,000 | -2,039,000 | 2,877,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,807,000 | 283,000 | -850,000 | 810,000 | 686,000 | 140,000 | 494,000 | -125,000 | 222,000 | 190,000 | -812,000 | -2,039,000 | 2,877,000 |
kilfrost limited Credit Report and Business Information
Kilfrost Limited Competitor Analysis
Perform a competitor analysis for kilfrost limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in NE49 area or any other competitors across 12 key performance metrics.
kilfrost limited Ownership
KILFROST LIMITED group structure
Kilfrost Limited has no subsidiary companies.
kilfrost limited directors
Kilfrost Limited currently has 2 directors. The longest serving directors include Mr Gary Lydiate (Jun 2008) and Ms Jane Halbert (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary Lydiate | United Kingdom | 63 years | Jun 2008 | - | Director |
| Ms Jane Halbert | England | 67 years | Aug 2023 | - | Director |
P&L
March 2023turnover
25.5m
+72%
operating profit
4.3m
+64%
gross margin
24.9%
-16.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
6.4m
+0.99%
total assets
12.8m
+0.52%
cash
4.5m
+1.69%
net assets
Total assets minus all liabilities
kilfrost limited company details
company number
00297731
Type
Private limited with Share Capital
industry
20590 - Manufacture of other chemical products n.e.c.
incorporation date
February 1935
age
89
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
RYECROFT GLENTON
address
albion works albion works, haltwhistle, northumberland, NE49 0HJ
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
WOMLE BOND DICKINSON (UK) LLP
kilfrost 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 17 charges/mortgages relating to kilfrost limited. Currently there are 2 open charges and 15 have been satisfied in the past.
kilfrost limited Companies House Filings - See Documents
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