welding institute(the)

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welding institute(the) Company Information

Share WELDING INSTITUTE(THE)

Company Number

00405555

Directors

Humbert Mozzi

Francis Laud

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Shareholders

-

Group Structure

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Industry

General secondary education

 +2

Registered Address

granta park great abington, cambridge, CB21 6AL

welding institute(the) Estimated Valuation

£124.7m

Pomanda estimates the enterprise value of WELDING INSTITUTE(THE) at £124.7m based on a Turnover of £73.2m and 1.7x industry multiple (adjusted for size and gross margin).

welding institute(the) Estimated Valuation

£10.7m

Pomanda estimates the enterprise value of WELDING INSTITUTE(THE) at £10.7m based on an EBITDA of £1.1m and a 9.29x industry multiple (adjusted for size and gross margin).

welding institute(the) Estimated Valuation

£389.1m

Pomanda estimates the enterprise value of WELDING INSTITUTE(THE) at £389.1m based on Net Assets of £179.3m and 2.17x industry multiple (adjusted for liquidity).

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Welding Institute(the) Overview

Welding Institute(the) is a live company located in cambridge, CB21 6AL with a Companies House number of 00405555. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in March 1946, it's largest shareholder is unknown. Welding Institute(the) is a mature, large sized company, Pomanda has estimated its turnover at £73.2m with healthy growth in recent years.

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Welding Institute(the) Health Check

Pomanda's financial health check has awarded Welding Institute(The) a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £73.2m, make it larger than the average company (£5.9m)

£73.2m - Welding Institute(the)

£5.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.9%)

4% - Welding Institute(the)

6.9% - Industry AVG

production

Production

with a gross margin of 36.2%, this company has a higher cost of product (45.4%)

36.2% - Welding Institute(the)

45.4% - Industry AVG

profitability

Profitability

an operating margin of -4.5% make it less profitable than the average company (5.3%)

-4.5% - Welding Institute(the)

5.3% - Industry AVG

employees

Employees

with 796 employees, this is above the industry average (71)

796 - Welding Institute(the)

71 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.1k, the company has an equivalent pay structure (£53.1k)

£48.1k - Welding Institute(the)

£53.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £91.9k, this is less efficient (£118.3k)

£91.9k - Welding Institute(the)

£118.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 98 days, this is later than average (33 days)

98 days - Welding Institute(the)

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 44 days, this is slower than average (31 days)

44 days - Welding Institute(the)

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Welding Institute(the)

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 54 weeks, this is average cash available to meet short term requirements (51 weeks)

54 weeks - Welding Institute(the)

51 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 34.6%, this is a similar level of debt than the average (38.2%)

34.6% - Welding Institute(the)

38.2% - Industry AVG

WELDING INSTITUTE(THE) financials

EXPORTms excel logo

Welding Institute(The)'s latest turnover from December 2023 is £73.2 million and the company has net assets of £179.3 million. According to their latest financial statements, Welding Institute(The) has 796 employees and maintains cash reserves of £47.8 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
Turnover73,164,00066,804,00064,878,00064,659,00067,212,00071,898,00071,128,00072,674,00074,471,00079,793,00075,688,00069,092,00059,896,00051,715,00048,299,000
Other Income Or Grants000000000000000
Cost Of Sales46,668,00045,245,00041,212,00050,420,00053,277,00055,373,00055,759,00054,702,00055,394,00056,017,00058,950,00053,747,00046,765,00043,127,00039,446,000
Gross Profit26,496,00021,559,00023,666,00014,239,00013,935,00016,525,00015,369,00017,972,00019,077,00023,776,00016,738,00015,345,00013,131,0008,588,0008,853,000
Admin Expenses29,796,00024,610,000-48,188,000-11,428,0001,634,00013,212,0005,671,00012,297,0003,430,0009,821,00012,100,00011,487,00011,821,0007,413,0008,078,000
Operating Profit-3,300,000-3,051,00071,854,00025,667,00012,301,0003,313,0009,698,0005,675,00015,647,00013,955,0004,638,0003,858,0001,310,0001,175,000775,000
Interest Payable1,041,000759,0001,085,000721,0001,155,0001,054,000932,0006,328,000896,000260,000263,000266,000342,000258,000321,000
Interest Receivable1,043,000590,00000010,00019,0003,798,0003,000241,000504,000884,000778,000833,0001,037,000
Pre-Tax Profit-5,145,000-13,389,00087,725,00024,122,0009,923,0001,213,0007,488,0003,145,00013,287,00012,124,0002,676,0004,476,000966,00013,641,0002,709,000
Tax-2,244,000467,000-3,263,000-4,554,000620,000-16,000-224,000295,000-2,346,000-997,000-818,000-26,00000-41,000
Profit After Tax-7,389,000-12,922,00084,462,00019,568,00010,543,0001,197,0007,264,0003,440,00010,941,00011,127,0001,858,0004,450,000966,00013,641,0002,668,000
Dividends Paid000000000000000
Retained Profit-7,389,000-12,922,00084,462,00019,568,00010,543,0001,197,0007,264,0003,440,00010,941,00011,127,0001,858,0004,450,000966,00013,641,0002,668,000
Employee Costs38,258,00035,525,00034,370,00037,140,00038,170,00036,173,00037,593,00037,756,00038,232,00039,311,00036,559,00035,355,00030,343,00028,207,00025,591,000
Number Of Employees796761771796756769761809890868803746691618569
EBITDA*1,148,0002,228,00075,614,00027,889,00015,531,0007,314,00013,196,0009,261,00019,742,00016,678,0007,019,0006,292,0003,376,0003,052,0003,413,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets113,871,000112,425,000145,607,00098,374,000100,638,00098,977,00078,729,00080,428,00078,183,00070,575,00036,381,00032,842,00031,796,00030,598,00030,713,000
Intangible Assets000000276,000321,000150,000000000
Investments & Other75,492,00075,408,00050,688,00063,584,00032,881,00043,237,00040,990,00037,604,00035,701,00025,665,00022,416,00022,264,00015,983,00015,939,0001,035,000
Debtors (Due After 1 year)5,657,0006,033,0003,717,0008,241,0009,642,0000000000000
Total Fixed Assets195,020,000193,866,000200,012,000170,199,000143,161,000142,214,000119,995,000118,353,000114,034,00096,240,00058,797,00055,106,00047,779,00046,537,00031,748,000
Stock & work in progress000250,000270,000270,000270,0001,404,0001,022,0001,358,000983,000898,000807,000725,000694,000
Trade Debtors19,755,00021,321,00017,168,00020,947,00020,774,00019,170,00019,017,00027,695,00021,746,00021,706,00026,781,00027,017,00025,221,00019,421,00014,441,000
Group Debtors000000000000002,019,000
Misc Debtors11,589,00011,058,00011,683,00016,039,00012,962,00010,039,0008,225,0007,860,0006,583,00011,802,0003,351,0002,777,0003,176,0002,055,0001,156,000
Cash47,822,00065,491,00099,239,00012,068,00016,564,0004,451,00012,503,00016,552,00012,085,00013,635,00017,020,00019,610,00019,318,00014,273,00015,963,000
misc current assets000000000000000
total current assets79,166,00097,870,000128,090,00049,304,00050,570,00033,930,00040,015,00053,511,00041,436,00048,501,00048,135,00050,302,00048,522,00036,474,00034,273,000
total assets274,186,000291,736,000328,102,000219,503,000193,731,000176,144,000160,010,000171,864,000155,470,000144,741,000106,932,000105,408,00096,301,00083,011,00066,021,000
Bank overdraft00014,270,0001,966,0008,811,0006,551,0005,181,0004,810,0002,762,0002,532,0001,732,0001,441,0001,835,0002,500,000
Bank loan4,150,000200,000205,000205,0005,595,0006,505,0006,499,0004,500,0004,500,0007,755,0003,000,0003,500,0005,000,0003,475,000917,000
Trade Creditors 5,721,0008,331,0004,352,00010,455,00011,488,00011,882,00013,251,00013,531,00010,724,00013,542,00014,169,00015,353,00014,932,0007,708,0008,524,000
Group/Directors Accounts000000000000000
other short term finances0020,000200,0000609,0001,033,0002,251,0000000000
hp & lease commitments488,000497,000356,000356,000345,000336,000000000000
other current liabilities35,367,00035,468,00053,008,00028,317,00032,093,00025,857,00027,425,00024,321,00017,462,00018,539,00019,112,00017,781,00019,310,00014,564,00013,440,000
total current liabilities45,726,00044,496,00057,941,00053,803,00051,487,00054,000,00054,759,00049,784,00037,496,00042,598,00038,813,00038,366,00040,683,00027,582,00025,381,000
loans09,150,0009,530,0009,741,00010,244,0009,195,0009,746,00023,470,0000000500,0000459,000
hp & lease commitments2,188,0002,612,0002,927,0003,241,0003,597,0003,943,000000000000
Accruals and Deferred Income6,843,0008,220,0007,440,0005,311,0005,914,0005,946,0008,239,00010,532,00028,309,00024,147,000887,000437,000365,000592,000827,000
other liabilities002,385,0001,379,0004,718,000122,000000000000
provisions24,514,00024,596,00028,392,00015,413,0009,779,0003,785,0003,791,0003,580,0003,616,0002,045,00000000
total long term liabilities49,201,00059,624,00055,142,00078,462,00075,978,00059,299,00056,589,00079,929,00064,320,00059,785,000887,000437,000865,000592,0001,286,000
total liabilities94,927,000104,120,000113,083,000132,265,000127,465,000113,299,000111,348,000129,713,000101,816,000102,383,00039,700,00038,803,00041,548,00028,174,00026,667,000
net assets179,259,000187,616,000215,019,00087,238,00066,266,00062,845,00048,662,00042,151,00053,654,00042,358,00067,232,00066,605,00054,753,00054,837,00039,354,000
total shareholders funds179,259,000187,616,000215,019,00087,238,00066,266,00062,845,00048,662,00042,151,00053,654,00042,358,00067,232,00066,605,00054,753,00054,837,00039,354,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-3,300,000-3,051,00071,854,00025,667,00012,301,0003,313,0009,698,0005,675,00015,647,00013,955,0004,638,0003,858,0001,310,0001,175,000775,000
Depreciation4,448,0005,279,0003,760,0002,222,0003,230,0003,708,0003,465,0003,553,0004,095,0002,723,0002,381,0002,434,0002,066,0001,877,0002,638,000
Amortisation00000293,00033,00033,0000000000
Tax-2,244,000467,000-3,263,000-4,554,000620,000-16,000-224,000295,000-2,346,000-997,000-818,000-26,00000-41,000
Stock00-250,000-20,00000-1,134,000382,000-336,000375,00085,00091,00082,00031,000694,000
Debtors-1,411,0005,844,000-12,659,0001,849,00014,169,0001,967,000-8,313,0007,226,000-5,179,0003,376,000338,0001,397,0006,921,0003,860,00017,616,000
Creditors-2,610,0003,979,000-6,103,000-1,033,000-394,000-1,369,000-280,0002,807,000-2,818,000-627,000-1,184,000421,0007,224,000-816,0008,524,000
Accruals and Deferred Income-1,478,000-16,760,00026,820,000-4,379,0006,204,000-3,861,000811,000-10,918,0003,085,00022,687,0001,781,000-1,457,0004,519,000889,00014,267,000
Deferred Taxes & Provisions-82,000-3,796,00012,979,0005,634,0005,994,000-6,000211,000-36,0001,571,0002,045,00000000
Cash flow from operations-3,855,000-19,726,000118,956,00021,728,00013,786,00095,00023,161,000-6,199,00024,749,00036,035,0006,375,0003,742,0008,116,000-766,0007,853,000
Investing Activities
capital expenditure00000-5,316,000-1,627,000-6,682,000-13,384,000-37,014,000-8,261,000-2,277,000-3,752,000-3,660,000-962,000
Change in Investments84,00024,720,000-12,896,00030,703,000-10,356,0002,247,0003,386,0001,903,00010,036,0003,249,000152,0006,281,00044,00014,904,0001,035,000
cash flow from investments-84,000-24,720,00012,896,000-30,703,00010,356,000-7,563,000-5,013,000-8,585,000-23,420,000-40,263,000-8,413,000-8,558,000-3,796,000-18,564,000-1,997,000
Financing Activities
Bank loans3,950,000-5,0000-5,390,000-910,0006,0001,999,0000-3,255,0004,755,000-500,000-1,500,0001,525,0002,558,000917,000
Group/Directors Accounts000000000000000
Other Short Term Loans 0-20,000-180,000200,000-609,000-424,000-1,218,0002,251,0000000000
Long term loans-9,150,000-380,000-211,000-503,0001,049,000-551,000-13,724,00023,470,000000-500,000500,000-459,000459,000
Hire Purchase and Lease Commitments-433,000-174,000-314,000-345,000-337,0004,279,000000000000
other long term liabilities0-2,385,0001,006,000-3,339,0004,596,000122,000000000000
share issue-968,000-14,481,00043,319,0001,404,000-7,122,00012,986,000-753,000-14,943,000355,000-36,001,000-1,231,0007,402,000-1,050,0001,842,00036,686,000
interest2,000-169,000-1,085,000-721,000-1,155,000-1,044,000-913,000-2,530,000-893,000-19,000241,000618,000436,000575,000716,000
cash flow from financing-6,599,000-17,614,00042,535,000-8,694,000-4,488,00015,374,000-14,609,0008,248,000-3,793,000-31,265,000-1,490,0006,020,0001,411,0004,516,00038,778,000
cash and cash equivalents
cash-17,669,000-33,748,00087,171,000-4,496,00012,113,000-8,052,000-4,049,0004,467,000-1,550,000-3,385,000-2,590,000292,0005,045,000-1,690,00015,963,000
overdraft00-14,270,00012,304,000-6,845,0002,260,0001,370,000371,0002,048,000230,000800,000291,000-394,000-665,0002,500,000
change in cash-17,669,000-33,748,000101,441,000-16,800,00018,958,000-10,312,000-5,419,0004,096,000-3,598,000-3,615,000-3,390,0001,0005,439,000-1,025,00013,463,000

welding institute(the) 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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Welding Institute(the) Competitor Analysis

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Perform a competitor analysis for welding institute(the) by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in CB21 area or any other competitors across 12 key performance metrics.

welding institute(the) Ownership

welding institute(the) directors

Welding Institute(The) currently has 18 directors. The longest serving directors include Mr Humbert Mozzi (Mar 2020) and Mr Francis Laud (Mar 2020).

officercountryagestartendrole
Mr Humbert Mozzi48 years Mar 2020- Director
Mr Francis Laud54 years Mar 2020- Director
Dr Simon Webster65 years Mar 2020- Director
Dr Claire Kimpton42 years Sep 2020- Director
Eur Ing Michael Skyrme57 years Dec 2020- Director
Dr Gareth Hopkin48 years Mar 2021- Director
Mr Peter Stones62 years Mar 2021- Director
Mr Duncan Steel53 years Mar 2021- Director
Dr David Panni53 years Mar 2021- Director
Mr Daniel Clark54 years Apr 2021- Director

P&L

December 2023

turnover

73.2m

+10%

operating profit

-3.3m

+8%

gross margin

36.3%

+12.22%

turnover

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

Balance Sheet

December 2023

net assets

179.3m

-0.04%

total assets

274.2m

-0.06%

cash

47.8m

-0.27%

net assets

Total assets minus all liabilities

welding institute(the) company details

company number

00405555

Type

Private Ltd By Guarantee w/o Share Cap

industry

72190 - Other research and experimental development on natural sciences and engineering

85310 - General secondary education

82990 - Other business support service activities n.e.c.

incorporation date

March 1946

age

79

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

GRANT THORNTON UK LLP

address

granta park great abington, cambridge, CB21 6AL

Bank

BARCLAYS BANK PLC, BARCLAYS BANK PLC

Legal Advisor

-

welding institute(the) 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 9 charges/mortgages relating to welding institute(the). Currently there are 0 open charges and 9 have been satisfied in the past.

welding institute(the) 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.

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welding institute(the) Companies House Filings - See Documents

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