Midland Welding Supply Company Limited

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midland welding supply company limited Company Information

Dissolved

Company Number

00391717

Next Accounts

Nov 2024

Industry

Wholesale of other intermediate products

Non-specialised wholesale trade

Directors

Samantha Newman

Matthew Hasnip

View All

Shareholders

air liquide uk limited

Group Structure

View All

Contact

Registered Address

13th floor alpha tower, suffolk street queensway, birmingham, B1 1TT

Website

weldspeed.com

midland welding supply company limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of MIDLAND WELDING SUPPLY COMPANY LIMITED at £1.7m based on a Turnover of £3.3m and 0.5x industry multiple (adjusted for size and gross margin).

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Midland Welding Supply Company Limited is a dissolved company that was located in birmingham, B1 1TT with a Companies House number of 00391717. It operated in the wholesale of other intermediate products sector, SIC Code 46760. Founded in December 1944, it's largest shareholder was air liquide uk limited with a 100% stake. The last turnover for Midland Welding Supply Company Limited was estimated at £3.3m.

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Pomanda's financial health check has awarded Midland Welding Supply Company Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £4.3m, make it smaller than the average company (£12.6m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.2%)

EXPORT

Midland Welding Supply Company Limited's latest turnover from December 2018 is estimated at £3.3 million and the company has net assets of £491.5 thousand. According to their latest financial statements, Midland Welding Supply Company Limited has 15 employees and maintains cash reserves of £58.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	3,317,165	4,339,835	4,080,635	4,242,880	5,027,254	5,090,883	4,966,627	5,620,427	4,736,771	4,621,137
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,490,327	3,248,211	3,046,110	3,117,350	3,725,241	3,749,049	3,645,270	4,138,483	3,447,473	3,390,103
Gross Profit	826,839	1,091,624	1,034,525	1,125,530	1,302,013	1,341,835	1,321,357	1,481,944	1,289,298	1,231,034
Admin Expenses	1,325,189	1,144,861	1,017,318	1,063,228	1,291,589	1,332,878	1,366,080	1,340,043	1,380,256	745,437
Operating Profit	-498,350	-53,237	17,207	62,302	10,424	8,957	-44,723	141,901	-90,958	485,597
Interest Payable	925	1,243	857	268	0	0	0	0	0	0
Interest Receivable	230	42	7	99	92	82	82	1	24	24
Pre-Tax Profit	-499,045	-54,438	16,358	62,134	10,516	9,039	-44,641	141,903	-90,934	485,621
Tax	0	0	-3,271	-12,427	-2,208	-2,079	0	-36,895	0	-135,974
Profit After Tax	-499,045	-54,438	13,086	49,707	8,308	6,960	-44,641	105,008	-90,934	349,647
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-499,045	-54,438	13,086	49,707	8,308	6,960	-44,641	105,008	-90,934	349,647
Employee Costs	577,104	676,817	608,282	679,949	562,611	552,008	569,323	638,179	562,827	552,269
Number Of Employees	15	18	17	19	16	16	17	19	17	17
EBITDA*	-455,652	25,258	95,036	103,922	60,048	51,854	-2,744	181,174	-54,391	534,336

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	67,897	118,731	197,826	224,720	56,412	90,763	86,135	92,225	26,060	40,013
Intangible Assets	0	0	0	0	0	0	0	0	0	4,300
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	67,897	118,731	197,826	224,720	56,412	90,763	86,135	92,225	26,060	44,313
Stock & work in progress	575,203	1,075,000	995,445	928,944	917,762	835,000	818,546	758,815	774,709	879,619
Trade Debtors	424,654	577,169	572,275	577,827	684,787	766,476	719,054	944,261	847,869	700,934
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	71,903	16,495	27,788	26,429	0	0	0	0	0	119,584
Cash	58,425	14,063	2,805	3,156	36,550	315	32,437	261	311	9,457
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	1,130,185	1,682,727	1,598,313	1,536,356	1,639,099	1,601,791	1,570,037	1,703,337	1,622,889	1,709,594
total assets	1,198,082	1,801,458	1,796,139	1,761,076	1,695,511	1,692,554	1,656,172	1,795,562	1,648,949	1,753,907
Bank overdraft	0	10,847	10,984	20	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	435,481	603,052	597,121	589,758	1,234,692	1,229,468	1,212,867	1,287,345	952,257	961,845
Group/Directors Accounts	200,713	0	0	0	0	0	0	0	332,079	327,921
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	62,192	738,956	684,993	679,033	0	0	0	0	0	0
total current liabilities	698,386	1,352,855	1,293,098	1,268,811	1,234,692	1,229,468	1,212,867	1,287,345	1,284,336	1,289,766
loans	8,213	8,213	8,213	8,213	0	0	0	0	0	0
hp & lease commitments	0	0	0	2,310	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	28,784	39,359	26,538	46,809	8,213	16,807
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	8,213	8,213	8,213	10,523	28,784	39,359	26,538	46,809	8,213	16,807
total liabilities	706,599	1,361,068	1,301,311	1,279,334	1,263,476	1,268,827	1,239,405	1,334,154	1,292,549	1,306,573
net assets	491,483	440,390	494,828	481,742	432,035	423,727	416,767	461,408	356,400	447,334
total shareholders funds	491,483	440,390	494,828	481,742	432,035	423,727	416,767	461,408	356,400	447,334

	Dec 2018	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-498,350	-53,237	17,207	62,302	10,424	8,957	-44,723	141,901	-90,958	485,597
Depreciation	42,698	78,495	77,829	41,620	49,624	42,897	41,979	39,273	32,267	44,439
Amortisation	0	0	0	0	0	0	0	0	4,300	4,300
Tax	0	0	-3,271	-12,427	-2,208	-2,079	0	-36,895	0	-135,974
Stock	-420,242	79,555	66,501	11,182	82,762	16,454	59,731	-15,894	-104,910	879,619
Debtors	-103,506	-6,399	-4,193	-80,531	-81,689	47,422	-225,207	96,392	27,351	820,518
Creditors	-161,640	5,931	7,363	-644,934	5,224	16,601	-74,478	335,088	-9,588	961,845
Accruals and Deferred Income	-622,801	53,963	5,960	679,033	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-716,345	11,996	42,780	194,943	61,991	2,500	88,254	398,869	13,580	-339,930
Investing Activities
capital expenditure	87,231	600	-50,935	-209,928	-15,273	-47,525	-35,889	-105,438	-18,314	-93,052
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	87,231	600	-50,935	-209,928	-15,273	-47,525	-35,889	-105,438	-18,314	-93,052
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	200,713	0	0	0	0	0	0	-332,079	4,158	327,921
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	8,213	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-2,310	2,310	0	0	0	0	0	0
other long term liabilities	0	0	0	-28,784	-10,575	12,821	-20,271	38,596	-8,594	16,807
share issue	495,700	0	0	0	0	0	0	0	0	97,687
interest	-695	-1,201	-850	-169	92	82	82	1	24	24
cash flow from financing	695,718	-1,201	-3,160	-18,430	-10,483	12,903	-20,189	-293,482	-4,412	442,439
cash and cash equivalents
cash	55,620	11,258	-351	-33,394	36,235	-32,122	32,176	-50	-9,146	9,457
overdraft	-10,984	-137	10,964	20	0	0	0	0	0	0
change in cash	66,604	11,395	-11,315	-33,414	36,235	-32,122	32,176	-50	-9,146	9,457

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for midland welding supply company limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in B 1 area or any other competitors across 12 key performance metrics.

MIDLAND WELDING SUPPLY COMPANY LIMITED group structure

Midland Welding Supply Company Limited has no subsidiary companies.

Ultimate parent company

MIDLAND WELDING SUPPLY COMPANY LIMITED

00391717

MIDLAND WELDING SUPPLY COMPANY LIMITED Shareholders

air liquide uk limited

100%

Midland Welding Supply Company Limited currently has 3 directors. The longest serving directors include Mrs Samantha Newman (Aug 2018) and Mr Matthew Hasnip (Aug 2018).

officer	country	age	start	end	role
Mrs Samantha Newman	England	48 years	Aug 2018	-	Director
Mr Matthew Hasnip	England	53 years	Aug 2018	-	Director
Mr Philippe Morin	England	49 years	Aug 2018	-	Director

P&L

December 2018

turnover

3.3m

-19%

operating profit

-498.3k

gross margin

25%

-1.68%

turnover

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

Balance Sheet

December 2018

net assets

491.5k

-0.01%

total assets

1.2m

-0.33%

cash

58.4k

+19.83%

net assets

Total assets minus all liabilities

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company number

00391717

Type

Private limited with Share Capital

industry

46760 - Wholesale of other intermediate products

46900 - Non-specialised wholesale trade

incorporation date

December 1944

ultimate parent company

None

previous names

N/A

address

13th floor alpha tower, suffolk street queensway, birmingham, B1 1TT

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 4 charges/mortgages relating to midland welding supply company limited. Currently there are 0 open charges and 4 have been satisfied in the past.

midland welding supply company limited Company Information

midland welding supply company limited Estimated Valuation

midland welding supply company limited Estimated Valuation

midland welding supply company limited Estimated Valuation

Midland Welding Supply Company Limited Overview

Midland Welding Supply Company Limited Health Check

MIDLAND WELDING SUPPLY COMPANY LIMITED financials

midland welding supply company limited Credit Report and Business Information

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midland welding supply company limited Ownership

midland welding supply company limited directors

midland welding supply company limited company details

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