u-pol limited
u-pol limited Company Information
Company Number
00464919
Website
http://u-pol.comRegistered Address
u-pol tech centre, denington road, wellingborough, northamptonshire, NN8 2QH
Industry
Manufacture of paints, varnishes and similar coatings, mastics and sealants
Manufacture of other chemical products n.e.c.
Telephone
02084925901
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
axalta coating systems uk holding limited 100%
u-pol limited Estimated Valuation
Pomanda estimates the enterprise value of U-POL LIMITED at £149.3m based on a Turnover of £105.7m and 1.41x industry multiple (adjusted for size and gross margin).
u-pol limited Estimated Valuation
Pomanda estimates the enterprise value of U-POL LIMITED at £215.5m based on an EBITDA of £20.7m and a 10.42x industry multiple (adjusted for size and gross margin).
u-pol limited Estimated Valuation
Pomanda estimates the enterprise value of U-POL LIMITED at £438.3m based on Net Assets of £205.9m and 2.13x industry multiple (adjusted for liquidity).
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U-pol Limited Overview
U-pol Limited is a live company located in wellingborough, NN8 2QH with a Companies House number of 00464919. It operates in the manufacture of paints, varnishes and similar coatings, mastics and sealants sector, SIC Code 20301. Founded in February 1949, it's largest shareholder is axalta coating systems uk holding limited with a 100% stake. U-pol Limited is a mature, mega sized company, Pomanda has estimated its turnover at £105.7m with high growth in recent years.
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U-pol Limited Health Check
Pomanda's financial health check has awarded U-Pol Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 0 areas for improvement. Company Health Check FAQs
9 Strong
3 Regular
0 Weak
Size
annual sales of £105.7m, make it larger than the average company (£23.3m)
£105.7m - U-pol Limited
£23.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (7.4%)
24% - U-pol Limited
7.4% - Industry AVG
Production
with a gross margin of 38.8%, this company has a lower cost of product (29.8%)
38.8% - U-pol Limited
29.8% - Industry AVG
Profitability
an operating margin of 18.2% make it more profitable than the average company (5.2%)
18.2% - U-pol Limited
5.2% - Industry AVG
Employees
with 311 employees, this is above the industry average (71)
311 - U-pol Limited
71 - Industry AVG
Pay Structure
on an average salary of £47.1k, the company has an equivalent pay structure (£50.6k)
£47.1k - U-pol Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £340k, this is equally as efficient (£323.2k)
£340k - U-pol Limited
£323.2k - Industry AVG
Debtor Days
it gets paid by customers after 55 days, this is near the average (53 days)
55 days - U-pol Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 71 days, this is slower than average (39 days)
71 days - U-pol Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 37 days, this is less than average (65 days)
37 days - U-pol Limited
65 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is more cash available to meet short term requirements (9 weeks)
12 weeks - U-pol Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21%, this is a lower level of debt than the average (41.2%)
21% - U-pol Limited
41.2% - Industry AVG
U-POL LIMITED financials
U-Pol Limited's latest turnover from December 2023 is £105.7 million and the company has net assets of £205.9 million. According to their latest financial statements, U-Pol Limited has 311 employees and maintains cash reserves of £12.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 105,728,000 | 77,775,000 | 79,185,000 | 54,963,000 | 59,893,000 | 56,722,000 | 51,999,000 | 54,281,000 | 49,006,000 | 49,285,000 | 52,759,000 | 51,663,000 | 49,736,000 | 46,766,000 | 39,881,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 64,720,000 | 56,348,000 | 55,228,000 | 36,576,000 | 40,465,000 | 39,453,000 | 35,920,000 | 34,087,000 | 30,874,000 | 31,386,000 | 32,714,000 | 31,937,000 | 31,264,000 | 28,095,000 | 23,120,000 |
| Gross Profit | 41,008,000 | 21,427,000 | 23,957,000 | 18,387,000 | 19,428,000 | 17,269,000 | 16,079,000 | 20,194,000 | 18,132,000 | 17,899,000 | 20,045,000 | 19,726,000 | 18,472,000 | 18,671,000 | 16,761,000 |
| Admin Expenses | 21,794,000 | 7,409,000 | 4,044,000 | 6,056,000 | 9,167,000 | 10,763,000 | 9,278,000 | 9,721,000 | 8,537,000 | 7,235,000 | 9,658,000 | 10,662,000 | 8,535,000 | 8,745,000 | 6,911,000 |
| Operating Profit | 19,214,000 | 14,018,000 | 19,913,000 | 12,331,000 | 10,261,000 | 6,506,000 | 6,801,000 | 10,473,000 | 9,595,000 | 10,664,000 | 10,387,000 | 9,064,000 | 9,937,000 | 9,926,000 | 9,850,000 |
| Interest Payable | 2,140,000 | 17,000 | 15,000 | 901,000 | 986,000 | 0 | 0 | 23,000 | 21,000 | 12,000 | 24,000 | 24,000 | 24,000 | 21,000 | 17,000 |
| Interest Receivable | 993,000 | 3,266,000 | 381,000 | 0 | 0 | 0 | 0 | 9,000 | 10,000 | 3,000 | 10,000 | 10,000 | 11,000 | 412,000 | 428,000 |
| Pre-Tax Profit | 18,067,000 | 17,267,000 | 20,279,000 | 11,430,000 | 9,275,000 | 7,148,000 | 6,460,000 | 12,281,000 | 9,959,000 | 10,913,000 | 14,150,000 | 11,175,000 | 10,183,000 | 10,389,000 | 9,533,000 |
| Tax | 896,000 | -1,434,000 | -2,772,000 | -1,535,000 | -1,224,000 | -902,000 | -755,000 | 179,000 | -1,258,000 | -1,664,000 | -2,942,000 | -1,606,000 | -1,502,000 | 51,000 | 48,000 |
| Profit After Tax | 18,963,000 | 15,833,000 | 17,507,000 | 9,895,000 | 8,051,000 | 6,246,000 | 5,705,000 | 12,460,000 | 8,701,000 | 9,249,000 | 11,208,000 | 9,569,000 | 8,681,000 | 10,440,000 | 9,581,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 18,963,000 | 15,833,000 | 17,507,000 | 9,895,000 | 8,051,000 | 6,246,000 | 5,705,000 | 12,460,000 | 8,701,000 | 9,249,000 | 11,208,000 | 9,569,000 | 8,681,000 | 10,440,000 | 9,581,000 |
| Employee Costs | 14,661,000 | 14,533,000 | 14,676,000 | 12,404,000 | 13,230,000 | 12,367,000 | 11,709,000 | 11,625,000 | 9,685,000 | 8,983,000 | 8,627,000 | 8,269,000 | 7,914,000 | 7,461,000 | 6,558,000 |
| Number Of Employees | 311 | 306 | 298 | 274 | 278 | 282 | 278 | 239 | 238 | 226 | 237 | 236 | 227 | 222 | 197 |
| EBITDA* | 20,681,000 | 15,301,000 | 21,008,000 | 13,442,000 | 11,653,000 | 7,677,000 | 8,088,000 | 11,510,000 | 10,595,000 | 11,351,000 | 10,961,000 | 9,492,000 | 10,223,000 | 10,261,000 | 10,173,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,284,000 | 9,613,000 | 6,362,000 | 7,328,000 | 7,536,000 | 7,717,000 | 6,928,000 | 5,192,000 | 4,622,000 | 4,049,000 | 3,682,000 | 3,874,000 | 3,647,000 | 3,586,000 | 3,653,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 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 | 102,271,000 | 94,754,000 | 58,223,000 | 79,028,000 | 67,436,000 |
| Total Fixed Assets | 10,284,000 | 9,613,000 | 6,362,000 | 7,328,000 | 7,536,000 | 7,717,000 | 6,928,000 | 5,192,000 | 4,622,000 | 4,049,000 | 105,953,000 | 98,628,000 | 61,870,000 | 82,614,000 | 71,089,000 |
| Stock & work in progress | 6,649,000 | 9,930,000 | 8,331,000 | 5,463,000 | 4,870,000 | 6,520,000 | 5,956,000 | 5,238,000 | 3,644,000 | 3,208,000 | 3,209,000 | 3,307,000 | 3,338,000 | 2,835,000 | 1,986,000 |
| Trade Debtors | 16,027,000 | 13,279,000 | 12,191,000 | 9,724,000 | 11,515,000 | 10,949,000 | 10,312,000 | 10,077,000 | 8,433,000 | 8,972,000 | 9,640,000 | 8,832,000 | 9,118,000 | 8,563,000 | 7,147,000 |
| Group Debtors | 213,684,000 | 191,692,000 | 175,519,000 | 163,525,000 | 156,724,000 | 149,792,000 | 143,750,000 | 140,112,000 | 119,230,000 | 111,515,000 | 2,353,000 | 1,310,000 | 0 | 0 | 244,000 |
| Misc Debtors | 1,275,000 | 1,136,000 | 1,760,000 | 1,456,000 | 1,059,000 | 872,000 | 1,019,000 | 1,481,000 | 1,005,000 | 487,000 | 920,000 | 1,052,000 | 612,000 | 1,223,000 | 781,000 |
| Cash | 12,749,000 | 12,223,000 | 15,400,000 | 13,028,000 | 6,577,000 | 3,426,000 | 4,403,000 | 4,744,000 | 13,986,000 | 12,993,000 | 10,680,000 | 8,385,000 | 7,244,000 | 4,732,000 | 5,599,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 250,384,000 | 228,260,000 | 213,201,000 | 193,196,000 | 180,745,000 | 171,559,000 | 165,440,000 | 161,652,000 | 146,298,000 | 137,175,000 | 26,802,000 | 22,886,000 | 20,312,000 | 17,353,000 | 15,757,000 |
| total assets | 260,668,000 | 237,873,000 | 219,563,000 | 200,524,000 | 188,281,000 | 179,276,000 | 172,368,000 | 166,844,000 | 150,920,000 | 141,224,000 | 132,755,000 | 121,514,000 | 82,182,000 | 99,967,000 | 86,846,000 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 12,623,000 | 12,457,000 | 11,916,000 | 11,023,000 | 8,758,000 | 8,885,000 | 10,451,000 | 9,716,000 | 6,579,000 | 5,856,000 | 5,830,000 | 5,898,000 | 4,910,000 | 4,507,000 | 4,166,000 |
| Group/Directors Accounts | 36,471,000 | 33,774,000 | 31,210,000 | 30,722,000 | 30,630,000 | 30,590,000 | 30,284,000 | 30,284,000 | 30,284,000 | 30,284,000 | 30,286,000 | 30,001,000 | 1,947,000 | 1,189,000 | 0 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 4,540,000 | 3,715,000 | 4,654,000 | 4,014,000 | 4,023,000 | 2,982,000 | 2,018,000 | 2,933,000 | 2,604,000 | 2,337,000 | 2,994,000 | 2,641,000 | 1,920,000 | 2,368,000 | 1,674,000 |
| total current liabilities | 53,634,000 | 49,946,000 | 47,780,000 | 45,759,000 | 43,411,000 | 42,457,000 | 42,753,000 | 42,933,000 | 39,467,000 | 38,477,000 | 39,110,000 | 38,540,000 | 8,777,000 | 8,064,000 | 5,840,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,179,000 | 26,722,000 |
| hp & lease commitments | 0 | 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 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 1,121,000 | 977,000 | 666,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,121,000 | 977,000 | 666,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,179,000 | 26,722,000 |
| total liabilities | 54,755,000 | 50,923,000 | 48,446,000 | 45,759,000 | 43,411,000 | 42,457,000 | 42,753,000 | 42,933,000 | 39,467,000 | 38,477,000 | 39,110,000 | 38,540,000 | 8,777,000 | 35,243,000 | 32,562,000 |
| net assets | 205,913,000 | 186,950,000 | 171,117,000 | 154,765,000 | 144,870,000 | 136,819,000 | 129,615,000 | 123,911,000 | 111,453,000 | 102,747,000 | 93,645,000 | 82,974,000 | 73,405,000 | 64,724,000 | 54,284,000 |
| total shareholders funds | 205,913,000 | 186,950,000 | 171,117,000 | 154,765,000 | 144,870,000 | 136,819,000 | 129,615,000 | 123,911,000 | 111,453,000 | 102,747,000 | 93,645,000 | 82,974,000 | 73,405,000 | 64,724,000 | 54,284,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 19,214,000 | 14,018,000 | 19,913,000 | 12,331,000 | 10,261,000 | 6,506,000 | 6,801,000 | 10,473,000 | 9,595,000 | 10,664,000 | 10,387,000 | 9,064,000 | 9,937,000 | 9,926,000 | 9,850,000 |
| Depreciation | 1,467,000 | 1,283,000 | 1,095,000 | 1,111,000 | 1,392,000 | 1,171,000 | 1,287,000 | 1,037,000 | 1,000,000 | 687,000 | 574,000 | 428,000 | 286,000 | 335,000 | 323,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 896,000 | -1,434,000 | -2,772,000 | -1,535,000 | -1,224,000 | -902,000 | -755,000 | 179,000 | -1,258,000 | -1,664,000 | -2,942,000 | -1,606,000 | -1,502,000 | 51,000 | 48,000 |
| Stock | -3,281,000 | 1,599,000 | 2,868,000 | 593,000 | -1,650,000 | 564,000 | 718,000 | 1,594,000 | 436,000 | -1,000 | -98,000 | -31,000 | 503,000 | 849,000 | 1,986,000 |
| Debtors | 24,879,000 | 16,637,000 | 14,765,000 | 5,407,000 | 7,685,000 | 6,532,000 | 3,411,000 | 23,002,000 | 7,694,000 | 5,790,000 | 9,236,000 | 37,995,000 | -20,861,000 | 13,206,000 | 75,608,000 |
| Creditors | 166,000 | 541,000 | 893,000 | 2,265,000 | -127,000 | -1,566,000 | 735,000 | 3,137,000 | 723,000 | 26,000 | -68,000 | 988,000 | 403,000 | 341,000 | 4,166,000 |
| Accruals and Deferred Income | 825,000 | -939,000 | 640,000 | -9,000 | 1,041,000 | 964,000 | -915,000 | 329,000 | 267,000 | -657,000 | 353,000 | 721,000 | -448,000 | 694,000 | 1,674,000 |
| Deferred Taxes & Provisions | 144,000 | 311,000 | 666,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,114,000 | -4,456,000 | 2,802,000 | 8,163,000 | 5,308,000 | -923,000 | 3,024,000 | -9,441,000 | 2,197,000 | 3,267,000 | -834,000 | -28,369,000 | 29,034,000 | -2,708,000 | -61,533,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,697,000 | 2,564,000 | 488,000 | 92,000 | 40,000 | 306,000 | 0 | 0 | 0 | -2,000 | 285,000 | 28,054,000 | 758,000 | 1,189,000 | 0 |
| Other Short Term Loans | 0 | 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 | -27,179,000 | 457,000 | 26,722,000 |
| Hire Purchase and Lease Commitments | 0 | 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 | 0 |
| share issue | |||||||||||||||
| interest | -1,147,000 | 3,249,000 | 366,000 | -901,000 | -986,000 | 0 | 0 | -14,000 | -11,000 | -9,000 | -14,000 | -14,000 | -13,000 | 391,000 | 411,000 |
| cash flow from financing | 1,550,000 | 5,813,000 | -301,000 | -809,000 | -946,000 | 1,264,000 | -1,000 | -16,000 | -6,000 | -158,000 | -266,000 | 28,040,000 | -26,434,000 | 2,037,000 | 71,836,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 526,000 | -3,177,000 | 2,372,000 | 6,451,000 | 3,151,000 | -977,000 | -341,000 | -9,242,000 | 993,000 | 2,313,000 | 2,295,000 | 1,141,000 | 2,512,000 | -867,000 | 5,599,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 526,000 | -3,177,000 | 2,372,000 | 6,451,000 | 3,151,000 | -977,000 | -341,000 | -9,242,000 | 993,000 | 2,313,000 | 2,295,000 | 1,141,000 | 2,512,000 | -867,000 | 5,599,000 |
u-pol limited Credit Report and Business Information
U-pol Limited Competitor Analysis
Perform a competitor analysis for u-pol limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in NN8 area or any other competitors across 12 key performance metrics.
u-pol limited Ownership
U-POL LIMITED group structure
U-Pol Limited has no subsidiary companies.
Ultimate parent company
AXALTA COATING SYSTEMS LUXEMBOURG HOLDIN
#0170430
2 parents
U-POL LIMITED
00464919
u-pol limited directors
U-Pol Limited currently has 2 directors. The longest serving directors include Mr James Blenkinsopp (Sep 2021) and Mr Michael Pentecost (Mar 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Blenkinsopp | United Kingdom | 67 years | Sep 2021 | - | Director |
| Mr Michael Pentecost | England | 53 years | Mar 2023 | - | Director |
P&L
December 2023turnover
105.7m
+36%
operating profit
19.2m
+37%
gross margin
38.8%
+40.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
205.9m
+0.1%
total assets
260.7m
+0.1%
cash
12.7m
+0.04%
net assets
Total assets minus all liabilities
u-pol limited company details
company number
00464919
Type
Private limited with Share Capital
industry
20301 - Manufacture of paints, varnishes and similar coatings, mastics and sealants
20590 - Manufacture of other chemical products n.e.c.
incorporation date
February 1949
age
75
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
w.david & sons,limited (September 2002)
accountant
-
auditor
JOHNSTON CARMICHAEL LLP
address
u-pol tech centre, denington road, wellingborough, northamptonshire, NN8 2QH
Bank
HSBC BANK PLC
Legal Advisor
-
u-pol 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 15 charges/mortgages relating to u-pol limited. Currently there are 1 open charges and 14 have been satisfied in the past.
u-pol limited Companies House Filings - See Documents
| date | description | view/download |
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